Economics
Trade, fiscal policy, banking, agriculture and economic indicators
Imports power growth: February GST collections rise 8.1% to ₹1.84 lakh crore
Gross GST revenue for February 2026 stood at ₹1,83,609 crore, marking 8.1% year-on-year growth compared to February 2025. Import-linked GST (IGST on imports)...
War in West Asia: As ships halt Hormuz transits, why insurers are rushing to cancel war risk covers
As hostilities in West Asia escalate, global insurers are rushing to cancel or refuse renewal of war risk insurance covers for vessels transiting the Strait ...
Union Cabinet expected to take up proposal for Modified UDAN
The Union Cabinet is expected to take up a proposal for a Modified UDAN (Ude Desh ka Aam Nagrik) scheme, marking a significant expansion of India's regional ...
Work to lay concrete for two new Kaiga units launched
Work to lay concrete (first pour — the formal start of civil construction) for two new nuclear units at Kaiga Generating Station in Karnataka has been launch...
Iran-Israel conflict: Oil tanker hit off Oman coast after drones strike Duqm port; crew with 15 Indians evacuated
An oil tanker was struck off Oman's Musandam Peninsula, injuring four crew members; the full crew of approximately 20, including 15 Indian nationals, was eva...
Why the closure of Strait of Hormuz is causing fears about elevating crude oil prices
Global oil markets are bracing for an upward price shock as hostilities escalate between Iran and a US-Israeli coalition in West Asia. Iran has the military ...
Indian airlines cancel 350 flights on Sunday
Indian airlines cancelled approximately 350 flights on a single day as UAE, Bahrain, Kuwait, and Qatar closed their airspace to all civil aviation following ...
Escalation in West Asia can disrupt global oil markets and affect India’s economy, says CPI leader Narayana
Political leaders and economic analysts across India have raised concerns that the escalation of conflict in West Asia — involving Iran, the US, and Israel —...
Adani confirms Israel-based Haifa Port fully secure, operational
Adani Ports and Special Economic Zone Ltd (APSEZ) confirmed that Haifa Port in Israel remains fully operational, with all employees safe and all port assets ...
GST collection in February rose by over 8%
India's overall GST collection in February 2026 rose by over 8% compared to February 2025, continuing the sustained growth momentum in indirect tax revenues....
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...