Economics
Trade, fiscal policy, banking, agriculture and economic indicators
Centre approves MSP procurement of ₹894 crore worth of pulses and oilseeds from Telangana farmers
Union Agriculture and Farmers' Welfare Minister Shivraj Singh Chouhan approved procurement of 1,25,855 metric tonnes of crops at Minimum Support Price (MSP) ...
War risk surcharges hit exporters as Gulf freight rates surge
Indian exporters, particularly of agricultural commodities, have been severely hit by war-risk surcharges of USD 1,500–4,000 per container levied by global s...
'The situation is dire': War on Iran squeezes India's cooking-gas supplies
The US-Israeli military strikes on Iran (Operation Epic Fury, launched February 28, 2026) have severely disrupted India's Liquefied Petroleum Gas (LPG) suppl...
India reviewing requests from Bangladesh, Sri Lanka, Maldives for diesel, petroleum supplies: Ministry
India's Ministry of External Affairs confirmed that India had received requests from Bangladesh, Sri Lanka, and the Maldives for emergency supplies of diesel...
Floundering PM Internship Scheme used less than 1% of Rs 10,831 crore set aside for it in FY25-26
The Prime Minister's Internship Scheme (PMIS), which received a massive ₹10,831 crore allocation in Union Budget 2025-26 (up from ₹380 crore in 2024-25), has...
Hospitality sector to get 20% of average monthly Commercial LPG requirement
The Union Minister for Petroleum and Natural Gas announced in Parliament that 20% of the average monthly commercial LPG requirement will be allocated to the ...
Oil tops $100 as conflict disrupts supply; IEA announces record release; India moves to stabilise LPG supply
Global crude oil prices crossed $100 per barrel for the first time since 2022, with Brent crude reaching approximately $100.50 and WTI approximately $95, rep...
Govt allows commercial use of biomass, kerosene, coal to ease LPG pressure amid West Asia conflict
The Ministry of Environment, Forest and Climate Change (MoEFCC) advised State Pollution Control Boards to permit, for a period of one month, the use of bioma...
West Asia, Black Sea tensions create supply concerns for Indian edible oil market: SEA
The Solvent Extractors' Association of India (SEA) flagged escalating supply concerns for India's edible oil market due to simultaneous disruptions in two cr...
India may extend duty-free pulses imports beyond March 31 on Iran war, El Nino possibility
Industry stakeholders expected the Indian government to extend the zero-customs-duty import window for pigeon pea (tur/arhar) and black matpe (urad/black gra...
High-Level Committee on Banking may suggest review of CRR, SLR, licensing norms
A government-appointed High-Level Committee on Banking — proposed in Union Budget 2026 — is considering recommendations to review the Cash Reserve Ratio (CRR...
India's retail inflation firms up to 3.21% in February as food & beverage, clothing prices rise
India's retail inflation (CPI-based) rose to 3.21% in February 2026, up from a revised 2.74% in January 2026 Data was released by the Ministry of Statistics ...
India in talks with Iran to secure safe passage for over 20 tankers through Hormuz
India is in active diplomatic negotiations with Iran to secure safe passage for more than 20 oil tankers stranded near the Strait of Hormuz, carrying crude o...
India caps commercial LPG supply at 20% to curb price rise, hoarding amid West Asia crisis
The Union government imposed a 20% cap on commercial LPG supply by oil marketing companies (OMCs) from March 12, 2026, effective immediately — an 80% reducti...
Anatomy of the India LPG crisis and how to tackle it -- explained
The West Asia conflict, involving US-Israel strikes on Iran from February 28, 2026, effectively shut the Strait of Hormuz to commercial shipping for the firs...
Retail inflation rose to 3.21% in February, war impact likely from next month
India's Consumer Price Index (CPI)-based retail inflation rose to 3.21% in February 2026 — an 11-month high — up from 2.74% in January 2026 The uptick was pr...
Trump says U.S. benefits from high oil prices; Iran, Israel continue to exchange fire
The US-Israel military campaign against Iran, which began in late February 2026 with the killing of Supreme Leader Ali Khamenei, has entered its third week, ...
Russian ‘shadow fleet’ tankers divert to India after US waiver on crude imports
At least four Russian "shadow fleet" tankers have diverted their course to India after the US Treasury Department issued a 30-day sanctions waiver permitting...
Brent at $100 may widen India’s fiscal burden by ₹3.6 lakh crore annually: Report
An Elara Securities report projects that if Brent crude oil sustains at $100 per barrel, India's annual fiscal expenditure could rise by ₹3.6 lakh crore (~$3...
The long shadow of Hormuz: Why the energy shock will haunt India long after the guns fall silent
The disruption of energy flows through the Strait of Hormuz since late February 2026 has produced a severe and multi-sectoral economic shock for India and th...