Economics
Trade, fiscal policy, banking, agriculture and economic indicators
US begins blockade on Iranian ports: What it means, its implications
The United States military commenced a naval blockade targeting vessels entering or departing Iranian ports in the Strait of Hormuz and the Gulf of Oman, fol...
South West Monsoon rainfall to be below normal or deficient in 2026
IMD's April 2026 forecast classifies the upcoming southwest monsoon as "below normal or deficient," with projected rainfall at 92% of the Long Period Average...
FTAs to aid India’s export growth despite global turmoil: Piyush Goyal
Commerce Minister Piyush Goyal stated that India's portfolio of Free Trade Agreements (FTAs) with developed economies will help sustain export growth despite...
IMD forecast of below-normal Indian monsoon poses risk to agriculture, economy
The India Meteorological Department (IMD) released its first long-range forecast for the 2026 South West Monsoon (SWM), predicting below-normal rainfall at a...
'Stop hiring humans'? Silicon Valley confronts AI job panic
More and more companies in Silicon Valley and beyond are explicitly citing AI and automation as the reason for job cuts, with approximately 47.9% of Q1 2026 ...
Food, fuel push up retail inflation to 3.4% in March; pressure likely to persist
India's retail inflation, measured by the Consumer Price Index (CPI), rose to 3.40% in March 2026 from 3.21% in February, according to data released by the N...
West Asia Conflict: Govt hints at 21% ethanol blending
With West Asia tensions disrupting global oil supplies through the Strait of Hormuz, the Indian government has signalled it is considering raising the ethano...
US naval blockade on Iran begins; UKMTO confirms maritime restrictions
The United States naval blockade of Iranian ports officially commenced on April 13, 2026, with UKMTO (United Kingdom Maritime Trade Operations) issuing a for...
IMF chief warns global monetary system not ready for AI cyber threats
IMF Managing Director Kristalina Georgieva issued a stark warning that the global monetary system lacks adequate defences against rapidly escalating AI-drive...
India retail inflation hits 13-month high at 3.4% in March on LPG, food prices
India's headline Consumer Price Index (CPI) inflation rose to 3.40% year-on-year in March 2026, up from 3.21% in February — a 13-month high The uptick was pr...
Iranian crude returns to India after seven years as tankers dock at key ports
Two supertankers carrying Iranian crude oil arrived at Indian ports, marking the first such deliveries in nearly seven years — since May 2019 when US sanctio...
US’ Hormuz blockade: Indian exporters brace for double trouble
Indian exporters expressed acute concern about a "double trouble" scenario as the US naval blockade of Iranian ports disrupted both the key shipping route th...
Rial hits 1.58 mn per USD: Iran economy on brink ahead of Trump’s blockade bid to squeeze oil exports
Iran's rial has collapsed to approximately 1.58 million per US dollar — a record low — as the US blockade of Iranian ports takes effect Tehran introduced its...
Govt extends EV subsidies, nudges auto-makers to adopt cleaner fuel amid energy supply crisis
Amid the 2026 Strait of Hormuz crisis — the most severe disruption to global energy flows since the 1970s — the Indian government extended EV subsidies and u...
India, Iran share ‘common fate’ in West Asia region, says Iranian envoy Mohammad Fathali
Iranian Ambassador to India, Mohammad Fathali, stated that India and Iran share a "common fate" in the West Asia region On the status of the Strait of Hormuz...
Kirloskar Brothers boosts naval capability with contribution to INS Taragiri
Kirloskar Brothers Limited, a major Indian engineering conglomerate, contributed key pumping systems to INS Taragiri (F41), India's fourth Project 17A stealt...
PM E‑DRIVE e‑truck push for 5600 electric trucks stalls despite ₹500 cr outlay
A Parliamentary Standing Committee (332nd Report, March 2026) flagged "nil physical achievement and no expenditure" under the PM E-DRIVE scheme's electric tr...
Oil tankers steer clear of Strait of Hormuz ahead of US blockade
Shipping industry sources reported that oil tankers were actively rerouting away from the Strait of Hormuz after the US announced a naval blockade of Iranian...
IMF flags global slowdown risk from Middle East war shock: Georgieva
IMF Managing Director Kristalina Georgieva described the Middle East war's economic impact as a "classic negative supply shock," warning of slower global gro...
Indian Railways clears 100 major projects worth ₹1.53 lakh crore for FY 2025-26
Indian Railways has sanctioned 100 major projects in FY 2025-26 with a total investment of ₹1.53 lakh crore, covering over 6,000 km of new and upgraded rail ...