Economics
Trade, fiscal policy, banking, agriculture and economic indicators
Oil holds above $100 and stocks fall as Khamenei targets Hormuz
Oil prices held above $100 per barrel after Iran's new Supreme Leader (replacing Ali Khamenei, killed February 28, 2026) and senior advisors pledged to maint...
U.S. grants India-like waiver to other countries to buy Russian oil
The US Treasury's Office of Foreign Assets Control (OFAC) issued a 30-day general licence allowing countries to purchase Russian crude oil and petroleum prod...
Oil prices slightly lower after US allows all countries to purchase Russian oil for 30 days
Oil prices declined slightly from above $100/barrel after the US Treasury issued a 30-day waiver allowing entities globally — not just India — to purchase Ru...
Boiling crude pushed inflation forecast up to 4.5% for FY 27
Escalating crude oil prices — driven by the West Asia conflict (Iran war) disrupting the Strait of Hormuz — have pushed India's CPI inflation forecast for FY...
LPG and oil crisis LIVE: Moscow piles pressure on U.S. over oil sanctions
Russia has been exerting diplomatic pressure on Washington to extend or broaden the temporary 30-day waiver on Russian oil purchases, as Moscow seeks to main...
Russian oil purchase allowed… for now — Scott Bessent announces ‘short-term’ licence as crude prices rise amid Iran war
US Treasury Secretary Scott Bessent announced a temporary 30-day waiver authorizing Indian refiners and other buyers to purchase Russian crude oil and petrol...
Experts clash over HALEU-Th fuel for Indian nuclear reactors
A debate has emerged among nuclear scientists and policymakers over a proposal to use HALEU-Thorium (HALEU-Th) fuel — specifically a commercial product calle...
Goa ranks second in Niti Aayog fiscal health Index 2026 — Who is No 1?
NITI Aayog released the second annual edition of the Fiscal Health Index (FHI) 2026, measuring the fiscal health of Indian states for Financial Year 2023-24....
Electrifying industrial heat as a path to India’s thermal independence
A growing body of research and policy commentary argues that electrifying industrial process heat — replacing fossil fuel combustion in factories with electr...
Energy power play: India’s oil and gas strategy amid U.S.-Iran tensions
India's crude basket surged to $120 per barrel following the US-Israel strikes on Iran beginning February 28, 2026, and the effective closure of the Strait o...
US begins 'unfair trade' practices probe against India & 59 other countries over forced labor
The US Trade Representative (USTR) office initiated investigations against 60 countries, including India, under Section 301(b) of the Trade Act of 1974, to d...
US calls India a 'tough negotiator'; expects New Delhi, other partners to 'honour' trade deals
US officials publicly characterised India as a "tough negotiator" while expressing expectation that New Delhi — along with other partners — would reduce trad...
India’s West Asia trade artery under strain with up to $4 billion in monthly exports at risk
The ongoing West Asia conflict — centred on US-Israel strikes on Iran beginning February 28, 2026 — has disrupted key maritime routes used for India's export...
US-owned oil tanker set ablaze in attack in Iraq, Indian crew dead; another ship hit
A US-owned oil tanker, Safesea Vishnu, sailing under the Marshall Islands flag, was attacked near Basra in Iraq while conducting a fuel cargo transfer at Umm...
Gulf crisis: Strait of Hormuz safe passage for ships discussed with Iran, says government
External Affairs Minister S. Jaishankar discussed safe passage for commercial shipping through the Strait of Hormuz with his Iranian counterpart Seyed Araghc...
US initiates Section 301 probe against India, China, 14 others
The US Trade Representative (USTR) initiated Section 301 investigations against 16 economies — including India, China, the EU, Japan, South Korea, Vietnam, M...
LPG imports hit, Govt pushes kerosene, coal as options
The West Asia conflict has disrupted maritime traffic through the Strait of Hormuz, severely impacting India's LPG imports — roughly 55% of India's total LPG...
Insurance underwriters say fear brought shipping to a halt, not coverage
Insurance underwriters confirmed on March 12, 2026 that commercial shipping through the Strait of Hormuz had effectively halted not because of unavailable in...
Arbitrary and opaque: On the Employees’ Pension Scheme 2026
The EPFO's Central Board of Trustees (CBT) approved the Employees' Pension Scheme (EPS) 2026 on March 2, 2026, replacing the EPS 1995 scheme. The new scheme ...
India recieved requests for energy supplies from Bangladesh, Sri Lanka and Maldives, says MEA
India received formal requests from Bangladesh and Sri Lanka for emergency energy supplies as the West Asia conflict disrupted global oil and gas supply chai...