Economics
Trade, fiscal policy, banking, agriculture and economic indicators
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...
India calls for Inclusive WTO reforms at MC14
At the 14th WTO Ministerial Conference (MC14) in Yaoundé, Cameroon, Commerce Minister Piyush Goyal called for WTO reforms that are transparent, inclusive, an...
Steel ministry seeks intervention for mills facing LPG shortages, source says
India's Steel Ministry formally sought intervention from the Ministry of Petroleum and Natural Gas to secure LPG supplies for steel mills facing acute shorta...
What is driving the fall in gold prices? | Explained
Gold prices saw a notable correction in March 2026, falling despite ongoing geopolitical conflicts and an oil price spike — a deviation from gold's tradition...
WTO's dispute settlement system should be fully functional, says Piyush Goyal
At the 14th WTO Ministerial Conference (MC14) in Yaoundé, Cameroon (26–29 March 2026), Commerce Minister Piyush Goyal urged WTO members to restore the disput...
Iran-India fuel trade begins after strait open sesame. Traffic of 'friendly' India can pass, says Araghchi; first LPG cargo due this week
Indian refiners have resumed purchasing Iranian crude oil and LPG following a temporary US sanctions waiver granted in March 2026 amid escalating tensions in...
46 pc of CSR spends in Maharashtra, aspirational districts need more attention: Crisil
A new report by CRISIL (released March 27, 2026, marking a decade of mandatory CSR) found that 46% of India's total Corporate Social Responsibility (CSR) exp...
At WTO meet, Piyush Goyal says plurilateral agreements must not be imposed
The 14th WTO Ministerial Conference (MC14) opened in Yaoundé, Cameroon from 26–29 March 2026, with India's Commerce Minister Piyush Goyal leading the Indian ...
Gulf conflict puts FY27 growth at risk
Escalating conflict in West Asia — centred on the US-Israel-Iran war — is disrupting India's macroeconomic sweet spot, prompting multiple institutions to rev...
Turkiye lifts objection to IFD pact incorporation
Turkiye withdrew its long-standing objection to the incorporation of the Investment Facilitation for Development (IFD) Agreement into the WTO framework as a ...