Economics
Trade, fiscal policy, banking, agriculture and economic indicators
RBI Governor cautions: West Asia conflict likely to impede growth, increase imported inflation
RBI Governor Sanjay Malhotra, presenting the April 2026 Monetary Policy Committee (MPC) decisions, cautioned that the West Asia conflict posed significant do...
Tanker with Iranian crude heading towards India’s east coast, shipping data shows; could mark first import of Tehran’s oil in 7 years
A Curacao-flagged Very Large Crude Carrier (VLCC) named Jaya, loaded with Iranian crude oil, is heading towards India's east coast — the first Iranian crude ...
‘West Asia conflict effect kept in mind’: Cabinet clears 12% hike in P&K fertiliser subsidy
The Union Cabinet approved a 12% hike in the import tariff on urea, citing the impact of the West Asia conflict on global fertiliser supply chains. The tarif...
Top 10% rural households own 44% land in India: World Inequality Lab study findings, explained
A World Inequality Lab Working Paper (2026/09) titled "Land Inequality in India: Nature, History, and Markets" found that the top 10% of rural households own...
Shipping far from normalcy after Hormuz truce
Global shipping remained far from normal following the US-Iran ceasefire, with multiple structural and legal hurdles preventing rapid restoration of Hormuz t...
Iran still in control of strait; shippers seek clarity before transiting
Despite the US-Iran two-week ceasefire (April 7–8, 2026), Iran's IRGC maintained operational control of the Strait of Hormuz, with shipping traffic remaining...
World Bank cuts India’s FY27 growth rate by 30 bps, to 6.6%
The World Bank revised India's GDP growth forecast for FY2026-27 downward by 30 basis points, projecting growth at 6.6% — down from its earlier estimate of 6...
CCEA approves ₹73,000 crores plus equity infusion for HPCL Rajasthan Refinery
The Cabinet Committee on Economic Affairs (CCEA) approved a revised project cost of ₹79,459 crore for HPCL Rajasthan Refinery Limited (HRRL), up from the ori...
India’s solar energy capacity crosses 150 GW
India's cumulative solar power installed capacity crossed 150 GW in March 2026, reaching 150.26 GW In FY2025-26 alone, solar installations totalled 44.61 GW ...
Centre raises fertilizer subsidy for kharif season
The central government approved an increase in the Nutrient Based Subsidy (NBS) for P&K (Phosphatic and Potassic) fertilizers for Kharif 2026, with the total...
India’s clean energy ambitions face critical minerals crunch
India's accelerating clean energy transition — driven by electric vehicles (EVs), battery storage, and renewable power — is creating a surge in demand for cr...
India set to get first Iranian crude oil cargo in 7 years
India is set to receive its first Iranian crude oil cargo in seven years, with an oil tanker (Jaya, Curacao-flagged VLCC) loaded with Iranian crude heading t...
Indian govt hikes NBS fertilizer subsidy for kharif season by up to 21% to ₹41,533.81 crore
The Union Cabinet approved the Nutrient Based Subsidy (NBS) rates for Phosphatic and Potassic (P&K) fertilizers for Kharif Season 2026 (April 1 to September ...
RBI MPC Meeting 2026 Highlights: RBI holds rates unchanged at 5.25%; projects FY27 GDP at 6.9%
The Reserve Bank of India's Monetary Policy Committee kept the repo rate unchanged at 5.25% in the April 2026 bi-monthly review, with all six members voting ...
RBI shuns hawkish signal, keeps rates unchanged amid war shock
The Reserve Bank of India's Monetary Policy Committee (MPC) held the policy repo rate at 5.25% in its April 2026 bi-monthly review, with a unanimous 6-0 vote...
India has enough coal stocks to meet power demand, says govt as war pushes up mining costs
The Government of India assured adequate coal stocks at thermal power plants to meet power demand, stating stocks stood at approximately 55.18 million tonnes...
Oil prices plunge below $100/bbl after US, Iran agree on 2-week ceasefire
Oil prices plunged sharply after the US and Iran agreed to a two-week ceasefire, accompanied by a limited reopening of the Strait of Hormuz to tanker traffic...
RBI keeps repo rate unchanged at 5.25% amid global uncertainties
The Reserve Bank of India's Monetary Policy Committee (MPC) unanimously decided to keep the policy repo rate unchanged at 5.25% in its first bi-monthly meeti...
Cabinet approves two hydro-electric projects in Arunachal Pradesh with a total outlay exceeding ₹40,000 crore
The Union Cabinet approved two major hydroelectric projects in Arunachal Pradesh with a combined investment of over Rs 40,175 crore, positioning the northeas...
Jaishankar set to visit UAE amid tenuous US-Iran ceasefire, energy security to be front and centre
External Affairs Minister S. Jaishankar announced a visit to the UAE (scheduled for April 11, 2026), his first trip to the country since the West Asia confli...