Economics
Trade, fiscal policy, banking, agriculture and economic indicators
Work from home, avoid air travel to deal with higher energy prices: International Energy Agency
The International Energy Agency (IEA) released a report recommending a set of demand-side measures to ease oil price pressures on consumers as the Middle Eas...
Nearly 100 ships pass the Hormuz Strait - who is getting through?
Since Iran's effective blockade of the Strait of Hormuz began on February 28, 2026, fewer than 100 commercial ships have crossed the strait in the entire thr...
U.S. issues new 30-day waiver for sale of Russian oil, adding Cuba, North Korea exceptions
The US Treasury Department issued a new 30-day general license permitting the sale of Russian-origin crude oil and petroleum products, replacing an earlier l...
US hints at easing Iran oil curbs - what it means for India
The US Treasury indicated it may lift sanctions on approximately 140 million barrels of Iranian crude oil currently stranded in tankers, a move prompted by s...
Iranian attack hits Israeli oil refinery in Haifa, some damage reported
On March 19, 2026, Iranian missiles struck the Bazan oil refinery in Haifa, northern Israel, causing limited but confirmed damage — debris falls started fire...
U.S. may remove sanctions on Iranian oil stranded in tankers, Bessent says
US Treasury Secretary Scott Bessent stated that the United States may remove sanctions on Iranian crude oil currently loaded and stranded aboard tankers at s...
Auto PLI disbursements under 10% as 2028 deadline approaches
The Production Linked Incentive (PLI) scheme for Automobiles and Auto Components has disbursed less than 10% of its total ₹25,938 crore budgetary outlay as t...
Israel hits Tehran with airstrikes on Persian New Year as war jolts energy markets
Israel launched airstrikes on Tehran on March 20, 2026 — the morning of Nowruz (Persian New Year), as millions of Iranians observed the spring equinox holida...
With cost of inputs rising and exports disrupted, textile units in Perambalur take a hit
Textile manufacturing units in Perambalur district (Tamil Nadu) are reporting mounting financial stress as the West Asia conflict drives up raw material cost...
Oil down 2% as US considers lifting sanctions on Iranian oil loaded on vessels
Global crude oil prices fell 2–3% after US Treasury Secretary Scott Bessent signalled that Washington may soon lift sanctions on Iranian crude oil currently ...
EU asks for reopening of the Strait of Hormuz and no more strikes on energy, water sites
All 27 EU heads of state, convening as the European Council in Brussels, issued a joint statement calling for the reopening of the Strait of Hormuz and a mor...
Fire at Kuwait refinery as Gulf states come under drone, missile attacks
Iran launched coordinated drone and missile attacks on energy infrastructure across multiple Gulf states, with Kuwait's Mina Al-Ahmadi refinery struck twice ...
Why Iran is attacking Gulf energy infrastructure
On March 18, 2026, Iran launched a major wave of missile and drone strikes against Gulf energy infrastructure in retaliation for an Israeli strike that targe...
India’s auto boom at risk as Iran-Israel war chokes gas supplies, straining supply chains
India's booming automotive sector — the world's third-largest car market — is facing production disruptions as the Iran-Israel war chokes natural gas supplie...
Six allies ready to help ‘efforts to ensure safe passage’ through Hormuz Strait
Britain, France, Germany, Italy, the Netherlands, and Japan issued a joint statement declaring readiness "to contribute to appropriate efforts to ensure safe...
India maps supply chain gaps in pharma, textiles, fertilizers amid West Asia war
India has begun systematically mapping supply chain gaps in critical sectors — pharmaceuticals, textiles, and fertilizers — triggered by the West Asia confli...
India notifies Income Tax Rules, 2026: What's in it
The government has officially notified the Income Tax Rules, 2026, which will govern the implementation of the Income-Tax Act, 2025 — the legislation that re...
'Trade flows are returning to India, but markets remain unintegrated': Glazyev calls for Russia-India financial integration
Sergey Glazyev, State Secretary of the Union State of Russia and Belarus, addressed the Russian-Indian Forum "From the Volga to the Ganges" in Mumbai on Marc...
Rupee in free fall, down 60 paise to new all-time low of 93.49 against US dollar
The Indian rupee fell to an all-time low of 93.49 against the US dollar on March 20, 2026 — down 60 paise in intraday trading — breaching the psychologically...
UAE, Qatar, Kuwait & more: DGCA asks airlines to avoid 9 airspaces amid escalating Middle East tensions
India's Directorate General of Civil Aviation (DGCA) issued a safety advisory directing all Indian airlines to avoid the airspaces of nine countries: Bahrain...