Economics
Trade, fiscal policy, banking, agriculture and economic indicators
E-KYC now mandatory for all domestic LPG consumers amid supply shortage
The Ministry of Petroleum and Natural Gas has made biometric Aadhaar authentication (E-KYC) mandatory for all domestic LPG consumers. The E-KYC mandate comes...
Return of Russian oil signals US pragmatism
The US Treasury Department issued a 30-day temporary waiver (codified as General License 133) allowing Indian state and private refiners to purchase Russian ...
Why Iran differs from Ukraine in terms of economic fallout for India and the world
Economists and policy analysts are drawing comparisons between the economic fallout of the current Iran conflict (2026) and the Russia-Ukraine war (2022), fi...
Why gold prices have remained subdued in India despite raging West Asian conflict
Despite the West Asia conflict that began on 28 February 2026 driving safe-haven gold demand globally, domestic gold prices in India have remained relatively...
How India’s tough spot between Iran and US can dent the economy
India faces acute economic stress from the Strait of Hormuz closure: disruption to LPG supply chains, rising crude oil prices, and inflationary pressures on ...
Surge in crude prices could raise global inflation by 60 bps, cut growth by up to 0.4 pp in 2026: Gita Gopinath
Gita Gopinath, former Chief Economist of the International Monetary Fund (IMF), warned that if crude oil prices average around $85 per barrel for 2026, headl...
Trump demands others help secure Strait of Hormuz, Japan and Australia say no plans to send ships
US President Donald Trump publicly called on other nations — specifically naming China, Japan, and Australia — to contribute naval assets to secure the Strai...
Dubai halts flights at main Airport after fuel tank attack
Operations at Dubai International Airport (DXB) were temporarily suspended after a drone strike caused a fire at a nearby fuel storage tank. The attack is pa...
Plugging in: Why India must electrify its kitchens at scale
A study by the Institute for Energy Economics and Financial Analysis (IEEFA) published in October 2025 found that electric cooking costs approximately 37% le...
Oil prices trade mixed as IEA says crude from reserves will start flowing in soon
The International Energy Agency (IEA) announced the release of 400 million barrels of oil from member countries' emergency strategic reserves — the largest s...
Kharg Island: Iran’s energy lifeline that has so far escaped attack
Kharg Island, which handles approximately 90% of Iran's crude oil exports, has remained untouched despite sustained US-Israeli strikes on Iranian military an...
India’s wholesale inflation hits 11-month high of 2.13% in February
India's wholesale price inflation (WPI) accelerated to 2.13% in February 2026 from 1.81% in January 2026, marking the highest reading in 11 months and the fo...
Modi-govt walks fine line between Iran and US as war hits economy
India is intensifying diplomatic engagement with Iran to manage severe gas shortages triggered by the closure of the Strait of Hormuz following US-Israeli st...
Wholesale price inflation rises 2.13 pc in February
India's Wholesale Price Index (WPI)-based inflation rose for the fourth consecutive month to 2.13% in February 2026 (year-on-year), up from 1.81% in January ...
'Reason and coordinate': Jaishankar reveals how India secured passage for 2 tankers in Strait of Hormuz amid Iran war
External Affairs Minister S. Jaishankar confirmed that India secured safe passage for two Indian-flagged LPG tankers through the Strait of Hormuz following d...
Emergency stockpile oil coming soon to Iran-wracked markets, IEA says
The IEA confirmed that emergency oil stockpile releases from Asia-Oceania member countries would flow immediately to markets disrupted by the Iran conflict, ...
It’s ironic welfare schemes implemented in T.N. are portrayed as fiscally irresponsible: Thangam Thennarasu
Tamil Nadu Finance Minister Thangam Thennarasu pushed back against characterisations of the state's welfare schemes as fiscally irresponsible, arguing that d...
LPG bookings fall to 77 lakh; Indian crude tanker sails out of UAE’s Fujairah safely
LPG cylinder refill bookings have declined to approximately 77 lakh from a peak of 88.8 lakh, indicating an easing of panic-buying behaviour triggered by sup...
Why is the U.S. investigating India? | Explained
The United States Trade Representative (USTR) launched two separate Section 301 investigations targeting India and 15 other trading partners in March 2026. T...
Industry seeks concessional imports via SEZs
Industry associations representing Special Economic Zone (SEZ) units and developers submitted a proposal to allow concessional-duty imports on approximately ...