Economics
Trade, fiscal policy, banking, agriculture and economic indicators
India adds 55,200 startups in FY26; job creation tops 23.36 lakh
The government recognised 55,200 startups in FY 2025-26, the highest number in any single financial year since the launch of the Startup India initiative in ...
Recovery of energy flows will be ‘gradual rather than immediate’ as Hormuz re-opens post ceasefire
Iran reopened the Strait of Hormuz on April 17, 2026, as part of a two-week ceasefire arrangement with the US, prompting a sharp drop in oil prices — Brent c...
Iran reopens Strait of Hormuz, but threatens to close it again as US maintains blockade
Iran announced it was reopening the Strait of Hormuz to commercial traffic after the April 8, 2026 ceasefire, but threatened to close it again as the US main...
MEA summons Iranian envoy after IRGC opens fire on Indian-flagged vessels in Hormuz
India's Ministry of External Affairs (MEA) summoned Iranian Ambassador Dr. Mohammad Fathali after the IRGC Navy opened fire on Indian-flagged vessels attempt...
Government strengthens DGFT Norms Committees to speed up export authorisations, cut delays
The Ministry of Commerce and Industry has undertaken reforms to strengthen Norms Committees (NCs) under the Directorate General of Foreign Trade (DGFT) to sp...
Strait of Hormuz tension: India protests after ships forced to turn back
India formally protested to Iran after Indian-flagged vessels were fired upon by IRGC gunboats and several ships were forced to abandon their Hormuz transit ...
Cabinet nod for continuation of Pradhan Mantri Gram Sadak Yojana-III till March 2028
The Union Cabinet has approved the continuation of Pradhan Mantri Gram Sadak Yojana-III (PMGSY-III) beyond March 2025, extending the timeline to March 2028 T...
Cabinet approves two rail multitracking projects in Uttar Pradesh and Andhra Pradesh, expanding network by 601 km
The Cabinet Committee on Economic Affairs (CCEA), chaired by the Prime Minister, approved two railway multitracking projects covering Uttar Pradesh and Andhr...
Trump says U.S. blockade of Iranian ports will ‘remain’ if no deal reached
The US administration stated that the American naval blockade of Iranian ports and shipping will remain in full force until Iran reaches a deal — specificall...
Union Cabinet approves ₹24,815 crore multi-tracking projects across 15 districts in U.P., Andhra Pradesh
The Cabinet Committee on Economic Affairs (CCEA), chaired by the Prime Minister, approved two railway multi-tracking projects worth ₹24,815 crore on April 18...
Gunfire in Hormuz: Indian-flagged tanker among ships targeted as Iran closes strait again
Indian-flagged crude tankers, including VLCCs Sanmar Herald and Jag Arnav, were intercepted and fired upon by Islamic Revolutionary Guard Corps (IRGC) gunboa...
Govt clears UP potato buy at Rs 6,500/ton, hikes gram cap in Andhra Pradesh
The government has approved procurement of 20 lakh metric tonnes of potatoes in Uttar Pradesh at ₹6,500 per tonne under the Price Support Scheme The gram (ch...
Below-normal monsoon and West Asia conflict cloud India's agriculture outlook: BoB
The Bank of Baroda's (BoB) economic research unit flagged that India's agricultural outlook for 2026–27 is threatened by a dual shock: a below-normal monsoon...
Another Indian oil tanker crosses Hormuz as Iran shuts Strait for US
The Indian oil tanker Desh Garima successfully crossed the Strait of Hormuz amid heightened tensions as Iran tightened passage restrictions against US-linked...
U.S. extends waiver allowing countries to buy Russian oil
The United States extended a temporary sanctions waiver allowing certain countries, including India, to purchase Russian crude oil, as global oil supply tigh...
India-flagged vessels start sailing out of Hormuz
India-flagged vessels began sailing out of the Strait of Hormuz following Iran's declaration that the waterway is now open for international shipping. Most o...
ET Graphics: India to become world's third-largest economy by 2031
According to the International Monetary Fund's (IMF) April 2026 World Economic Outlook, India is projected to become the world's third-largest economy by 203...
US Section 301 probe: India textile body TEXPROCIL pushes back on USTR excess capacity allegations
TEXPROCIL (The Cotton Textiles Export Promotion Council) formally responded to USTR (United States Trade Representative) investigations launched under Sectio...
Singapore emerges as top FDI source in Apr-Dec FY26, high inflows from tax havens
Singapore emerged as the largest source of FDI equity inflows into India during April–December FY26, contributing USD 17.65 billion — significantly ahead of ...
Strait of Hormuz crisis spotlights ship 'flagging' rules as India-flagged vessels face higher compliance burden
The ongoing Strait of Hormuz crisis has brought the issue of ship "flagging" rules into sharp focus, with India-flagged vessels facing higher compliance requ...