Economics
Trade, fiscal policy, banking, agriculture and economic indicators
New reality: On new series of national accounts data
On February 27, 2026, the Ministry of Statistics and Programme Implementation (MoSPI) released a new series of GDP estimates shifting India's base year from ...
The waning sheen: On prices, GST rationalisation
India's GST Council undertook a major rationalisation of the GST rate structure in September 2025, collapsing the earlier four-slab system (5%, 12%, 18%, 28%...
Iran-US-Israel war rattles financial markets, trade corridors
The Iran-US-Israel conflict — triggered by coordinated airstrikes on Tehran including the reported killing of Supreme Leader Khamenei — sent immediate shockw...
PF Board recommends retaining interest rate at 8.25%
EPFO's Central Board of Trustees (CBT) recommended retaining the interest rate on Employees' Provident Fund (EPF) deposits at 8.25% per annum for 2025-26 — u...
Russian crude back in focus for India as Iran war squeezes supply
With Iranian IRGC threats effectively halting tanker traffic through the Strait of Hormuz, Indian state refiners and government officials convened emergency ...
Iran vows to attack any ship trying to pass through Strait of Hormuz
Following coordinated US-Israel airstrikes on Iran — including the reported killing of Supreme Leader Ali Khamenei — Iran's Islamic Revolutionary Guard Corps...
India, US continue to work on agreement for enhanced market access: USTR
The United States Trade Representative (USTR) confirmed that India and the US are actively progressing toward a comprehensive Bilateral Trade Agreement (BTA)...
Govt reviews impact with exporters, assures help to mitigate disruptions
The Commerce Ministry held inter-ministerial deliberations with exporters and logistics firms on March 2, 2026, to assess the impact of escalating West Asia ...
India, Canada sign $2.6 billion uranium deal, target $50 billion trade by 2030 with CEPA push
India and Canada signed a $2.6 billion uranium supply deal through Canadian mining giant Cameco, covering approximately 22 million pounds of uranium deliveri...
Nearly 10m Indians in danger: How a wider Gulf conflict will hit close to home
More than 10 million Indians live and work in Gulf Cooperation Council (GCC) countries — the UAE (3+ million), Saudi Arabia (2.7+ million), Kuwait (1+ millio...
EPFO keeps interest rate unchanged for third year in a row at 8.25% for FY26
The Central Board of Trustees (CBT) of the Employees' Provident Fund Organisation (EPFO) decided to retain the interest rate on Employees' Provident Fund (EP...
As oil flows through Strait of Hormuz come to a halt, India may look at increasing Russian oil imports
Following joint US-Israel military strikes on Iran in late February 2026, tanker traffic through the Strait of Hormuz dropped by approximately 70%, with over...
Amid ongoing conflict in West Asia, Indian Exporters meet Commerce ministry to share concerns over UAE trade disruption, rise in freight rates
Indian exporters met with Commerce Minister Piyush Goyal on March 2, 2026, to discuss the implications of the escalating West Asia conflict on trade and ship...
India and Canada sign Uranium deal in bilateral ties reset, target $50bn trade by 2030
India and Canada signed a landmark uranium supply deal worth CAD 2.6 billion ($1.9 billion USD) during Canadian PM Mark Carney's visit to New Delhi on March ...
Pacts on uranium, critical minerals signed after Modi, Carney talks
India and Canada signed two landmark resource security pacts — a uranium supply agreement and a Critical Minerals MoU — following the summit between PM Modi ...
Stock market tanks over 1% as conflict intensifies in Middle East, crude prices surge. Will the impact be long-drawn?
Indian stock markets fell sharply in early March 2026 as the Iran-US-Israel war (begun February 28) and the looming Strait of Hormuz closure drove a surge in...
Farm sector larger than estimated, informal economy props up manufacturing: What India’s new GDP series reveals
The new GDP series released by the National Statistics Office (NSO/MoSPI) on February 27, 2026 — using the revised base year of 2022-23 — revealed that India...
Exporters seek support as goods to West Asia are stranded at ports
The Iran-US-Israel war beginning February 28, 2026 and the consequent near-halt of Strait of Hormuz traffic have left approximately 40,000–45,000 Indian expo...
AEC formulating safety standards before allowing private players in nuclear power sector in India
The Atomic Energy Commission (AEC) is formulating comprehensive safety standards and a regulatory framework before permitting private sector entities to part...
Iran war: Surcharges up to $4,000 per container on Arabian Peninsula sea trade
Major international shipping companies have imposed Emergency Conflict Surcharges (ECS) of up to $4,000 per container on cargo routes to and from the Arabian...