Economics
Trade, fiscal policy, banking, agriculture and economic indicators
‘We had asked India to stop buying sanctioned Russian oil this fall, they did,’ says U.S. Treasury Secretary Bessent
US Treasury Secretary Scott Bessent revealed that the US had earlier asked India to stop buying sanctioned Russian oil, but subsequently "agreed to let India...
West Asia war may slow down India’s economic growth, SBI Research warns
SBI Research issued a warning that the prolonged West Asia conflict could slow India's GDP growth, widen the Current Account Deficit (CAD), and push up domes...
Can India balance ethanol ambitions with livestock sustainability?
India achieved 20% ethanol blending in petrol (E20) in 2025 — five years ahead of the original 2030 target — marking a major milestone in the Ethanol Blended...
Government fixes wheat procurement target at 30.3mn tonne for 2026-27
The government finalised a wheat procurement target of 30.3 million tonnes for the 2026-27 Rabi Marketing Season (RMS), at a meeting of State Food Secretarie...
Indian Railways’ electrification push gains significance as West Asia war threatens oil supply
Indian Railways' drive toward 100% broad-gauge electrification has acquired renewed strategic significance as West Asia tensions threaten global oil supply c...
Oil prices surge as West Asia conflict rages, stocks fall on U.S. jobs
Global oil prices surged sharply following the escalation of the West Asia conflict, with Brent crude climbing toward $92–93 per barrel — a rise of over 25% ...
The week in charts: Stranded ships, GDP overhaul, GST mop-up, India EV push
A data-rich review of the week ending March 7, 2026 highlighted four key economic stories: ships stranded in the Persian Gulf due to the Hormuz crisis, India...
India says to push ahead with Russian oil imports
India's government confirmed it will continue and expand Russian crude oil imports in response to the supply disruption caused by the West Asia conflict, whi...
Commerce Ministry assures of restoration of full RoDTEP benefits to exporters from April 1: FIEO
The Commerce Ministry assured the Federation of Indian Export Organisations (FIEO) that full RoDTEP (Remission of Duties and Taxes on Exported Products) sche...
Karnataka Budget 2026: ₹4,291 crore earmarked to address regional imbalance
Chief Minister Siddaramaiah presented Karnataka's Budget 2026-27 with a total expenditure of ₹4,48,004 crore, earmarking ₹4,291 crore specifically to address...
Russia will not disclose data on its crude export to India: Kremlin
Kremlin spokesman Dmitry Peskov stated on March 7, 2026 that Russia would not publicly disclose quantitative data on its crude oil exports to India, saying: ...
Women in Indian Agriculture: From participation to systemic leadership
A growing body of policy attention is now recognising Indian women's roles in agriculture not merely as labour but as leaders, knowledge custodians, and inno...
Japan seeks exemption from US tariff hike amid trade concerns
Japan's Trade Minister Ryosei Akazawa met US Commerce Secretary Howard Lutnick in Washington and formally requested that Japan be excluded from a proposed US...
"Cowardly, compromised 56-inch chest": Congress MP Jairam Ramesh slams Centre over US' "permission" to buy Russian oil
The US Treasury Department, led by Secretary Scott Bessent, issued a 30-day temporary waiver allowing Indian oil refiners to purchase Russian crude stranded ...
TN Hotels’ body requests Centre to withdraw order on supply of commercial LPG cylinders
Amid the ongoing West Asia conflict and Strait of Hormuz disruptions, the Central Government invoked emergency powers directing oil marketing companies (OMCs...
Barring eight days, Andhra relied on borrowings from RBI during 2024-25, says CAG report
A Comptroller and Auditor General (CAG) report has revealed that the Andhra Pradesh government availed Rs 1.72 lakh crore through RBI's short-term liquidity ...
Government sets 30.3 million tonne wheat procurement target
The government set an ambitious wheat procurement target of 30.3 million tonnes for the 2026-27 Rabi Marketing Season (RMS), established at a meeting of Stat...
PM Modi: Make our agriculture export-oriented
Prime Minister Narendra Modi, speaking at a post-budget webinar on 'Agriculture and Rural Transformation', emphasised that the time is ripe for India to shif...
Customers to have zero liability in case of lender negligence: RBI’s draft guidelines on digital fraud
The Reserve Bank of India (RBI) released draft guidelines — the "Draft Reserve Bank of India (Commercial Banks — Responsible Business Conduct) Third Amendmen...
Explained: Not just oil and gas, the West Asia conflict is hitting core Indian industries
While oil prices have attracted the most attention, the West Asia conflict is disrupting a far wider range of commodity flows — including fertilizers, LNG, a...