Economics
Trade, fiscal policy, banking, agriculture and economic indicators
TN government notifies Parandur airport under special projects act
The Tamil Nadu government formally notified the proposed Parandur greenfield airport as a "Special Project" through a gazette notification on March 2, 2026. ...
Govt will use all policy tools to help exporters tackle West Asia crisis: Goyal
Commerce and Industry Minister Piyush Goyal stated that the government would use every policy tool available to support Indian exporters dealing with trade d...
India plans ₹3 lakh crore investment to boost shipbuilding under Maritime Vision 2030
Defence Minister Rajnath Singh announced plans to invest over ₹3 lakh crore to develop world-class shipbuilding clusters under Maritime India Vision 2030 and...
₹2,000 crore electric bus programme in support of World Bank announced in Karnataka Budget 2026
The Karnataka Budget 2026-27 allocated Rs 2,000 crore for the Karnataka Electric Bus Programme, supported by a World Bank low-interest loan of Rs 3,000 crore...
Maharashtra Budget 2026: Government waives crop loans up to ₹2 lakh for farmers
Maharashtra Chief Minister Devendra Fadnavis presented the state Budget 2026-27 on March 6, 2026, announcing a crop loan waiver of up to Rs 2 lakh for farmer...
Revised CPI basket signals shift toward services, inflation trend unchanged: SBI
India's National Statistical Office (NSO) released a new Consumer Price Index (CPI) series with base year 2024=100, replacing the decade-old 2012 base, on Fe...
India invokes emergency powers, directs refiners to maximise LPG production amid Middle East crisis
The Indian government invoked emergency powers under the Essential Commodities Act, 1955 (ECA/ESMA) to direct all public and private sector refiners to maxim...
Implications of US-Israel-Iran conflict for India significant, says Finmin report
The Finance Ministry's February 2026 Monthly Economic Review warns that the implications of the US-Israel-Iran conflict could be "deeper and longer-lasting" ...
Will US waiver on Russian crude help India offset Middle East losses? What market analysts say
The US Treasury Department's Office of Foreign Assets Control (OFAC) issued a 30-day waiver (starting 5 March 2026, expiring 4 April 2026) permitting transac...
Essential Commodities Act: When and why did Centre invoke it last?
The Essential Commodities Act (ECA), 1955 remains one of the government's key instruments for managing food price surges, preventing hoarding, and ensuring s...
India says it needs to build resource buffers, reprioritise fiscal spending
India has flagged its vulnerability to energy supply shocks, citing that crude oil stocks cover only approximately 25 days of demand, while around 40% of pet...
Mobile soil testing vans help farmers improve soil health across eastern India: Matix
Matix Fertilisers and Chemicals Limited launched its second Mobile Soil Testing Van (MSTV) to strengthen soil health support for farmers across eastern India...
High war-risk premiums for airline insurance to push up airfares
War-risk insurance premiums for airlines operating on Gulf routes have spiked following the West Asia conflict, with additional costs of Rs 30-40 lakh per na...
US-Israel-Iran war: JMIC data shows ‘near-total temporary pause in routine commercial traffic’ through Strait of Hormuz
The Joint Maritime Information Center (JMIC) confirmed a near-total temporary pause in routine commercial shipping through the Strait of Hormuz, with only tw...
India's forex reserves up by $4.88 bn to record high of $728.5 bn for week ending Feb 27
India's foreign exchange reserves surged by $4.88 billion to reach a record high of $728.5 billion for the week ending 27 February 2026, according to data re...
India weighs steps to free stranded cargo as West Asia conflict disrupts trade routes
Commerce and Industry Minister Piyush Goyal stated that the government is holding discussions with the Ministry of Ports, Shipping and Waterways and companie...
Prolonged Iran crisis could affect rupee, CAD, inflation, but reforms, trade deal raise FY27 GDP outlook to 7-7.4%: Govt
Geopolitical tensions in West Asia, driven by the Iran conflict, are keeping crude oil prices elevated and threatening India's macroeconomic stability across...
A.P.’s revenue deficit exceeded FRBM target of 2.7% in 2024-25, says report
The "Accounts at a Glance for 2024-25" report prepared by the Principal Accountant General (PAG) of Andhra Pradesh shows that the state's revenue deficit exc...
India faces rupee, inflation risks from Middle East energy disruption: Moody's
Moody's Ratings warned that India faces pressure on the rupee, higher inflation, and a widening current account deficit if the West Asia conflict continues t...
'No shortage of energy in India': Union minister Hardeep Singh Puri amid supply concerns due to US-Iran war
Union Petroleum Minister Hardeep Singh Puri assured that India faces no energy shortage despite the ongoing US-Iran conflict and volatility in West Asia Indi...