Economics
Trade, fiscal policy, banking, agriculture and economic indicators
Indian airlines cancel 350 flights to West Asia and beyond
Indian airlines — including Air India, IndiGo, Air India Express, SpiceJet, and Akasa Air — cancelled over 350 flights to West Asia on March 1, 2026 as airsp...
OPEC+ to raise oil output slightly even as U.S.-Israeli strikes on Iran disrupt shipments
OPEC+, the expanded oil producers' alliance, agreed in principle to increase collective oil production by 206,000 barrels per day (bpd) starting April 2026. ...
Andhra Pradesh achieves record GST collection in February 2026
Andhra Pradesh achieved its highest-ever GST collection in February 2026, recording a 5.45% growth compared to February 2025. The record collection was annou...
Why politicians in Bihar are not saying ‘cheers’ to prohibition
Ten years after Bihar Chief Minister Nitish Kumar imposed a total prohibition on alcohol in the state (effective April 2016), parties across the political sp...
GST eroding financial freedoms of States: K.N. Harilal
K.N. Harilal, Chairman of Kerala's 7th State Finance Commission, stated that GST is eroding the financial freedoms of states by concentrating indirect tax de...
Iran crisis: No immediate oil disruption for India; price volatility, macro impact seen
Despite escalating hostilities involving Iran, Indian refiners currently hold enough crude inventories to meet at least 10 days of requirements, with fuel st...
Rice exporters asked to shift shipping cost risks to buyers amid Iran tensions
The Indian Rice Exporters Federation (IREF) advised its members to conclude new sales on Free on Board (FOB) terms rather than Cost, Insurance, and Freight (...
Rising tensions in Middle East may impact trade, push up freight, insurance costs
Escalating hostilities in West Asia have triggered fears of significant disruptions to global maritime trade, particularly through the Strait of Hormuz. Expe...
We expect policy rate to be at current level or lower for a long time: Sanjay Malhotra, Governor, RBI
RBI Governor Sanjay Malhotra stated that policy rates in India are likely to stay at current levels or go even lower for an extended period of time. He noted...
Iran crisis: Price volatility, macro impact seen on India, no structural oil supply risk yet
The US-Israel attack on Iran on February 28, 2026, and Iran's subsequent restrictions on the Strait of Hormuz have pushed international crude oil prices shar...
GST mop-up grows 8.1% to over ₹1.83 lakh crore in Feb
Gross GST revenue for February 2026 reached ₹1,83,609 crore — an 8.1% rise year-on-year, driven by a 17.2% surge in import-linked GST revenue (₹47,837 crore)...
Centre, states collect GST revenue of ₹1.61 trillion in February after refunds
Net GST revenue for February 2026 — after deducting refunds — stood at ₹1,61,014 crore (approximately ₹1.61 trillion), a 7.9% year-on-year increase. The gros...
What does the US-Israel attack on Iran mean for China?
Following the US-Israeli airstrikes on Iran on February 28, 2026 — which killed Iran's Supreme Leader — Iran retaliated by attacking US military bases across...
Price crash: Tobacco Board to meet in Mysuru on Monday
Following the Centre's hike in GST on tobacco products from 28% to 40% (effective February 1, 2026), FCV (Flue-Cured Virginia) tobacco auction prices at Karn...
India's GST collections rise 8.1% YoY to Rs 1.83 lakh crore in February
Gross GST revenue for February 2026 stood at ₹1,83,609 crore — an 8.1% year-on-year increase over February 2025. The cumulative GST collection for FY2025-26 ...
Iran tensions threaten India rice exports with shipping snags, payment risks
The Iran conflict that began on February 28, 2026 has severely disrupted India's basmati rice exports to Iran and the broader Middle East, with approximately...
New fuel emission norms: Govt to take consensual view before implementation for automakers
The Indian government announced it will take a "consensual view" by consulting all stakeholders — automobile manufacturers, consumer groups, and industry bod...
Iran conflict: Airspace closures force Air India to cancel 50 Europe, North America flights; IndiGo cancels Europe flights
Following the escalation of the Iran-Israel-U.S. conflict and the resulting closure of large swathes of Middle Eastern airspace, Air India cancelled 50 inter...
FPIs inflow hit 17-month high at ₹22,615 crore in February
Foreign Portfolio Investors (FPIs) pumped ₹22,615 crore into Indian equities in February 2026 — the highest monthly inflow in 17 months (since September 2024...
Women to move from drudgery to decision-making in agriculture: Agri Secretary at businessline’s Agri Summit
Agriculture Secretary Devesh Chaturvedi, speaking at an agri-summit, emphasised the government's focus on shifting women from drudgery-intensive field tasks ...