Economics
Trade, fiscal policy, banking, agriculture and economic indicators
Evening news wrap: UPSC announces CSE 2025 results; Qatar warns Gulf energy exports could halt if US-Iran conflict continues & more
The Union Public Service Commission (UPSC) on March 6, 2026, declared the final results of the Civil Services Examination (CSE) 2025, recommending 958 candid...
Piyush Goyal in talks with shipping ministry, companies to tackle stuck cargoes as Middle East crisis stalls trade
Commerce Minister Piyush Goyal announced active discussions with the Ministry of Shipping and shipping companies to resolve the crisis of stranded Indian car...
Indian refiners snap up Russian oil cargoes at sea after US waiver; seek legal clarity
The US Treasury's Office of Foreign Assets Control (OFAC) issued Russia-related General License 133, granting a 30-day waiver (effective March 5 to April 4, ...
Govt invokes ESMA powers, orders refiners to ramp up LPG production
The Ministry of Petroleum and Natural Gas issued an emergency order on March 5, 2026, invoking powers under the Essential Commodities Act, 1955 (commonly ref...
Amid conflicts, countries will have to build their industrial complex, upgrade tech: Navy chief
Navy Chief Admiral Dinesh K Tripathi, speaking at the Raisina Dialogue during a panel on "Forgers of Peace: Ordnance Factories for the Liberal Order," stated...
Prolonged Middle East crisis can impact exchange rate, fuel inflation: FinMin report
The Finance Ministry's February 2026 Monthly Economic Review cautioned that a prolonged Middle East crisis could have significant adverse implications for In...
Prolonged Iran war could impact rupee, inflation says BoB
Bank of Baroda (BoB) economists released an analysis warning that a prolonged US-Iran conflict and sustained high oil prices could weaken the Indian rupee si...
'Won’t repeat China mistake with India': US Deputy Secretary Landau says trade deal will keep ‘America First’
US Deputy Secretary of State Christopher Landau, speaking at the Raisina Dialogue 2026 in New Delhi, stated that the upcoming India-US trade deal is "close t...
Shift from traditional to technology-driven farming - UP sees surge in agricultural productivity
Uttar Pradesh has experienced a dramatic agricultural transformation, with productivity surging by over 42% since 2016-17, driven by technology adoption, hyb...
India enters FY27 on strong footing but FinMin warns of 'long-lasting' impact from West Asia conflict
India's Finance Ministry released its monthly economic review for February 2026, noting that the country enters FY2026-27 on solid macroeconomic ground — dri...
Fertiliser stocks at record high, insulated from Middle East supply risks: Govt
India's overall fertiliser reserves reached 177.31 LMT (Lakh Metric Tonnes) as of March 6, 2026 — a 36.5% year-on-year jump from 129.85 LMT on the same date ...
RBI announces OMO Purchase of Government of India Securities
The Reserve Bank of India announced Open Market Operation (OMO) purchase auctions of Government of India securities for an aggregate amount of Rs 1,00,000 cr...
RBI Issues Draft Amendment Directions for ‘Review of Framework of Limiting Customer Liability in Digital Transactions’
The Reserve Bank of India (RBI) issued draft amendment directions on March 6, 2026, proposing to revise its 2017 framework on customer liability in unauthori...
As China revises GDP target to lowest figure in 30-plus years, is the country tired of chasing growth?
China set its 2026 GDP growth target at 4.5-5%, the most modest target since 1991, announced at the National People's Congress (NPC) session. Premier Li Qian...
Russian oil ‘waiver’ explained: How war in West Asia forced Trump’s hand, giving India short-term relief
The US, after months of pressuring India to stop buying Russian oil, granted a 30-day waiver (March 5 to April 4, 2026) allowing Indian refiners to purchase ...
West Asia Crisis: How the Strait of Hormuz threatens India’s economy
Iran's blockade of the Strait of Hormuz amid the escalating West Asia conflict has placed India's economy under acute stress, threatening energy supplies, fe...
Fuel and remittances: How Iran conflict hits India at home
The escalation of the US-Israel conflict with Iran has triggered a cascade of economic consequences for India, hitting simultaneously through energy prices, ...
US eases sanctions on Russian oil sales to India during Iran conflict
The United States eased secondary sanctions on Russian oil sales to India by issuing a temporary 30-day waiver (OFAC General License 133), allowing Indian re...
Govt asks refiners to maximise LPG production, OMCs to prioritise supply to domestic consumers
The government issued a directive ordering all refiners to maximise LPG production, with Oil Marketing Companies (OMCs) instructed to prioritise supply exclu...
From fertilisers to rice, pulses, tea and apples: Middle East conflict threatens India-Iran agri trade
The escalating conflict in West Asia involving Iran threatens shipments of key agricultural commodities between India and Iran, including rice, pulses, tea, ...