Economics
Trade, fiscal policy, banking, agriculture and economic indicators
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...
LPG crisis: In Kerala, war reaches the doorsteps
The West Asia war's disruption of LPG supply routes through the Strait of Hormuz has translated into an acute cooking gas shortage in Kerala, with households...
Cooking gas crisis on the boil across Telangana
A severe LPG (cooking gas) shortage has taken hold across Telangana, with households, restaurants, and small businesses struggling to secure cylinders as the...
Trump, Netanyahu split on gas field attack, raise questions about whether they’re in sync on war
A significant public rift emerged between US President Donald Trump and Israeli Prime Minister Benjamin Netanyahu over Israel's decision to strike Iran's Sou...
Govt classifies energy data as national security matter
The Ministry of Petroleum and Natural Gas issued a gazette notification on March 18, 2026 — the Petroleum and Natural Gas (Furnishing of Information) Order, ...
West Asia troubles to delay India’s FTA talks with GCC countries and Israel
India's Free Trade Agreement (FTA) negotiations with the Gulf Cooperation Council (GCC) have been pushed to the second half of 2026 due to ongoing geopolitic...
Govt expands scheme to enable CBG injection in gas pipelines
The Government of India has expanded a scheme to enable the injection of Compressed Biogas (CBG) into the national natural gas pipeline (NGPL) and City Gas D...
EU lawmakers vote to advance U.S. trade deal
The European Parliament's trade committee voted 29 in favour on March 19, 2026 to advance the EU-US trade deal (the "Turnberry deal"), paving the way for eli...
24 States, U.T.s set aside funds for new rural jobs scheme
Twenty-four states and Union Territories have set aside funds in their FY2026–27 state budgets for the Viksit Bharat–Guarantee for Rozgar and Ajeevika Missio...
Israel, GCC trade pact talks lose steam, UK FTA likely to be implemented by May
The India–UK Free Trade Agreement (FTA), signed in July 2025 after three years of negotiations, is on track for implementation by early May 2026, with offici...
Oil, power, and politics of disruption
The ongoing US-Israel war against Iran (initiated February 28, 2026, under Operation Epic Fury) has effectively disrupted transit through the Strait of Hormu...