Economics
Trade, fiscal policy, banking, agriculture and economic indicators
CAG flags gaps in Gujarat’s financial oversight; ₹7,400 crore in UCs pending
A Comptroller and Auditor General (CAG) report on Gujarat's finances found that as of March 2025, 4,258 Utilisation Certificates (UCs) totalling ₹7,431.84 cr...
Govt reduces excise on petrol, diesel by ₹10 per litre each to cushion pressure on OMCs
The central government reduced excise duty on petrol by ₹10 per litre (from ₹13/litre to ₹3/litre) and fully eliminated excise duty on diesel (from ₹10/litre...
Cabinet approves ₹33,660 crore BHAVYA scheme for 100 new industrial parks by 2032
The Union Cabinet approved the Bharat Audyogik Vikas Yojana (BHAVYA), a ₹33,660 crore scheme to develop 100 plug-and-play industrial parks across India over ...
Oil drops as Trump pauses Iran strikes, but stock traders nervous
Oil prices fell sharply after US President Donald Trump announced a pause in US military strikes against Iran's energy infrastructure, with Trump indicating ...
The recipe behind China’s EV boom: Technology over price
BYD, China's leading electric vehicle manufacturer and the world's top EV seller in 2025, has stated that meaningful global competition in the EV sector lies...
U.S.-Israel-Iran war: List of countries allowed to cross the Strait of Hormuz
Following the outbreak of the US-Israel-Iran conflict on February 28, 2026, Iran virtually blocked the Strait of Hormuz — the narrow maritime passage between...
Govt asks auto industry to optimise production as Iran war hurts energy supplies
India's Ministry of Heavy Industries issued an advisory to the automobile industry on March 25, 2026, urging companies to optimise production, shift factory ...
Govt slashes excise duty on petrol to Rs 3/litre, exempts diesel
The central government reduced the Special Additional Excise Duty (SAED) on petrol by Rs 10 per litre, bringing the SAED component to Rs 3 per litre Diesel h...
Reserve Bank of India to hold interest rates until at least mid-2027: Reuters poll
A Reuters poll of economists indicated that the Reserve Bank of India is expected to maintain its key policy repo rate at 5.25% until at least mid-2027. The ...
Govt cuts excise duty on petrol, diesel; windfall tax on fuel export back
The Central government cut excise duty on petrol by ₹10 per litre and on diesel by ₹10 per litre, reducing petrol's Special Additional Excise Duty to ₹3 per ...
Rupee hits record low of 94.56 against US dollar
The Indian rupee hit an intraday record low of 94.56 per US dollar on March 27, 2026 — the first time it breached the 94.50 level. The depreciation was drive...
Rupee slides past 94 per dollar to record low as prospect of prolonged Iran war deepens energy risks
The Indian rupee slid past the 94-per-dollar mark to a record low, depreciating approximately 3.5% since the Iran-related West Asia conflict began on Februar...
India’s 2026 wheat output seen higher, but misses estimates after weather hit
India's wheat production for the 2025-26 crop year is now expected to be approximately 113.5–114 million tonnes — higher than last year's 109.5–110 million t...
India’s FY27 fiscal deficit target faces oil price risks amid Iran war: ICRA
Rating agency ICRA warned that India's fiscal deficit target for FY27 faces material downside risks due to elevated global energy prices driven by the ongoin...
India’s power demand hits five-year high in early 2026
India's electricity demand in January 2026 reached 143 billion units (BU) — the highest January demand in 16 years — while peak demand touched 245.4 GW, a fi...
Iran hands Hormuz pass to India, Pak, Russia, China, Iraq
Iran's Foreign Minister Abbas Araghchi announced on March 26, 2026 that ships owned by five nations — India, Pakistan, Russia, China, and Iraq — would be per...
Tepid promises: On India and non-fossil capacity
India has pledged to achieve 500 GW of non-fossil fuel-based electricity capacity by 2030, a commitment made at COP26 (Glasgow, 2021) and enshrined in its up...
JN Port cargo traffic hits record 100 million tonnes in FY26
Jawaharlal Nehru Port Authority (JNPA) crossed 100 million tonnes (MMT) of cargo traffic in FY26, marking the first time the port has crossed this milestone....
Indian Navy launches ‘Operation Urja Suraksha’ to secure energy lifelines through Strait of Hormuz
The Indian Navy launched Operation Urja Suraksha ("Energy Protection") to provide protected transit for India-bound energy vessels — carrying LPG, LNG, and c...
‘Trade deal not far-off, but there are still gaps’: U.S. official
A senior US official stated that a bilateral trade deal between India and the United States is "not far off" but acknowledged that significant gaps remain, p...