Economy

PM Modi calls for cushioning West Asia crisis impact amid supply fears

Modi's message to ministers to ensure that any inconvenience to citizens is minimised, and to gear up for potential disruptions, was conveyed at the Union Cabinet meeting

FDI restrictions relaxed for China, other countries under Press Note 3

Automatic route allowed for stakes below 10%

Flexi-staffing industry growth falls to three-quarter low in Q3FY26

Sequential growth in India's flexi-staffing sector slowed to 0.5 per cent in Q3 FY26 as firms paused hiring amid labour code implementation, according to an ISF report

Tariffs, West Asia crisis get under the skin of Kolkata's leather hub

Every crease and fold tells the story of the city's leather industry, stretched thin by tariffs, disrupted consignments, and a fragile global market

E-way bill generation rose 18.8% in February to third-highest tally

An e-way bill is an electronically generated document mandated under the GST regime for the movement of goods valued at more than Rs 50,000

Govt seeks LS nod for additional expenditure of ₹2.81 trillion in FY26

Finance Ministry seeks Parliament approval for Rs 2.01 trillion net additional FY26 spending through the second supplementary demand for grants, with allocations for subsidies and reserve funds

Oil could hit $150/bbl, $200 possible on demand destruction: WoodMac

Oil prices could rise to $150 per barrel as a massive Gulf supply disruption forces demand destruction, with $200 possible if the conflict persists, says Wood Mackenzie

India secures additional LPG, LNG supplies from non-Hormuz routes

Indian refiners report 10 per cent increase in LPG production since government order

JNPA waives charges on stuck cargo, exporters to get ₹12 crore relief

JNPA waives dwell time and reefer plugin charges for Middle East-bound export cargo stuck amid the West Asia crisis, while DG Shipping asks shipping lines to avoid opportunistic pricing

IBBI pushes transparency as CoC decisions in bankruptcy cases draw scrutiny

Recent proposals by the insolvency regulator aim to increase transparency and accountability in the Committee of Creditors' decisions after the Supreme Court flagged gaps in the IBC process

Govt revises fiscal deficit ratios for FY23-FY25 after GDP base year update

The fiscal deficit was earlier estimated at 4.8 per cent for FY'25, 5.63 per cent for FY'24 and 6.4 per cent for FY'23

West Asia conflict jolts oil markets as analysts weigh future energy shock

Brent crude briefly surged to $120 a barrel amid supply disruptions in West Asia. Analysts warn that the Iran war could reshape oil price trajectories and pose fresh risks to India's energy security

GIC Re war-risk curbs over West Asia war expose cracks in marine insurance

GIC Re's decision to withdraw war-risk cover in sensitive maritime zones highlights the fragile economics of marine insurance and raises concerns for Indian refiners dependent on global oil shipments

Govt eases China-linked FDI curbs under Press Note 3: What it means

The Union Cabinet has reportedly eased FDI norms under Press Note 3, which requires prior government approval for investments from entities in countries sharing a land border with India

Govt relaxes FDI norms for China, other countries sharing land border

The decision was taken in a meeting of the Union Cabinet chaired by Prime Minister Narendra Modi

RBI steps up support for rupee, bond markets as crude oil prices surge

Central bank steps into forex and bond markets as rising crude prices threaten inflation, the rupee and government finances

Datanomics: India-Canada seek to reboot bilateral energy relations

India and Canada step up energy cooperation with a $1.9-billion uranium deal as New Delhi pushes its nuclear expansion under the Nuclear Energy Mission for Viksit Bharat

Hike in pump prices unlikely for now even as Brent tests $120 per barrel

Oil prices spike past $100 amid Iran war and supply cuts, raising fears of a sharply higher import bill, inflation and current account deficit for India

Active job vacancies on govt job portal falls to 16-month low in Feb

The count of active jobs in February was the lowest since October 2024, when it was 14.12 lakh, according to the NCS performance dashboard

West Asia war: Refiners asked to maximise LPG output for local consumption

Facing supply risks from the West Asia conflict, the government has ordered all refiners to channel full C3-C4 streams into LPG production to ensure adequate supply for households