Economy

West Asia conflict: US expands India-like waiver on Russian crude oil

India was also granted a similar 30-day waiver on March 5 for purchase of Russian oil

Two gas tankers said to be sailing to India through Strait of Hormuz

Iran permits two Indian-flagged LPG carriers to pass through the Strait of Hormuz, offering limited relief to India's cooking gas supply concerns

Oil prices decline as Indian tanker sails out of Strait of Hormuz

An India-flagged oil tanker moved out from the east of the Strait of Hormuz carrying gasoline bound for Africa, an Indian government official said on Friday

Eco Stabilisation Fund to give fiscal headroom to tackle global shocks: FM

Finance Minister Nirmala Sitharaman told Lok Sabha the Rs 1 trillion Economic Stabilisation Fund will help India respond to global shocks while keeping fiscal consolidation targets intact

West Asia conflict unlikely to dent India's macro outlook: Economists

Economists say a brief West Asia conflict may have limited impact on India's macro outlook, though risks could emerge if crude oil prices stay elevated for a prolonged period

US, India moving close to finalising critical minerals deal: Sergio Gor

Gor also said that under President Donald Trump, the relationship between the two countries has the "potential to reach historic heights and deliver results on a scale we have never seen before"

India's forex reserves down $11.7 bn at $716.8 bn on drop in foreign assets

India's foreign exchange reserves fell by $11.7 billion to $716.8 billion in the week ended March 6, mainly due to a decline in foreign currency assets, RBI data showed

Fitch warns higher oil could lift inflation, slow India growth in H1 FY27

Persistently high oil prices could push up retail inflation faster than expected and slow India's economic growth in the first half of FY27, Fitch Ratings said in its latest outlook

India will perform better than many nations amid Iran crisis: CEA

He said that how the crisis ends is an equally important question to know whether both sides voluntarily end the conflict, or one side withdraws due to fatigue or exhaustion

USTR probes India, 59 others over imports linked to forced labour

The US Trade Representative has initiated Section 301 investigations into 60 trading partners, including India, to examine whether they failed to curb imports of goods produced with forced labour

West Asia disruptions to impact daily CGD sales volumes by 8-10%: CRISIL

Ongoing Middle East conflict may reduce India's city gas distribution sales volumes by 8-10 per cent due to LNG supply disruptions, though price pass-through may cushion margins

Parliament panel urges NFRA to study sector-specific audit issues

In a report tabled in the Lok Sabha on Thursday on the corporate affairs ministry's demand for grants 2026-27, the Standing Committee on Finance has made certain recommendations in relation to NFRA

India-UK free trade agreement to come into force in a month: Piyush Goyal

Commerce Minister Piyush Goyal said the India-UK free trade agreement will come into force in about a month and will be the fastest trade pact approved by the UK Parliament

Fitch Ratings increases India's GDP growth estimate for FY26 to 7.5%

Fitch expects growth to slow in first half of FY27, with rising inflation constraining real incomes and limiting consumer spending growth

Historic release of strategic oil reserves a limited solution, says S&P

Historic release of strategic oil reserves may only partly ease global supply disruption if the Strait of Hormuz remains closed, as the oil market remains severely unbalanced

India, US remain engaged for a mutually beneficial trade pact: Govt

The ministry has denied reports about a hold off on bilateral engagement

India holds off US trade deal for several months amid fresh probe

New Delhi expected to sign an interim pact in March, but fresh US investigations and uncertainty over tariffs have slowed negotiations, government sources say

Lok Sabha approves ₹2.81 trn gross additional expenditure in FY26

The Lok Sabha was adjourned for the day after the passage of the supplementary demands

Economic Stabilisation Fund to help India tackle global headwinds: FM

Finance Minister Nirmala Sitharaman said the proposed Economic Stabilisation Fund will create fiscal headroom for India to respond to global shocks such as supply chain disruptions and energy crises

Govt to delay signing US trade deal amid fresh tariff, energy concerns

Complicating matters is a new US investigation into what it calls "structural excess capacity and production in manufacturing sectors" in 16 trading partners, including India