Economy

Exporters reel under war-risk charges, freight surge amid West Asia crisis

Indian exporters continue to face steep war-risk and freight charges despite a ceasefire, with rising logistics costs eroding margins and disrupting supply chains

Retail inflation rises to 3.4% in March on higher food, fuel prices

India's retail inflation rose to 3.4% in March, driven by higher food and fuel prices, with economists warning of further upside risks amid global uncertainties

SVAMITVA boosts rural credit access, loan amounts rise 23%: EAC-PM

SVAMITVA scheme is boosting rural credit access, with property cards enabling households to use land as collateral and increasing sanctioned loan amounts by 23%

India receives first Iranian crude oil shipment after seven years

India was once among the largest importers of Iranian crude, attracted by favourable pricing, extended credit terms, and logistical advantages

RBI data shows slower sales growth for private firms at 11.4% in FY25

Sales growth in the manufacturing sector moderated marginally to 9.2 per cent in 2024-25 from 9.4 per cent in the previous year

Women account for 26% of India's credit, portfolio hits ₹76 trillion

Women now account for 26% of India's credit system, with outstanding portfolio rising to Rs 76 trillion, driven by digital lending and growth in entrepreneurship

I-T dept flags 'commercial receipts' in charitable registrations scrutiny

The Income Tax Department has issued notices to trusts and associations, flagging "commercial receipts" and questioning their eligibility for tax exemptions under the law

Southwest monsoon season rainfall likely to be below normal, says IMD

India is likely to receive 80 cm of rainfall during the season - the long period average (1971-2020) of the seasonal rainfall over India is 87 cm

Iran denies charging toll for Indian tankers transiting Strait of Hormuz

India says 15 India-flagged vessels remain stuck in the Persian Gulf

India gets first Iranian oil in 7 years, shows ship tracking data

The Iran-flagged Felicity has reached Sikka Port in western India, while the Curacao-flagged Jaya is at the eastern port of Odisha, the data shows

Edible oil imports in March grows 12% to 1.173 million tonne: SEA

As per the SEA data, imports of crude palm oil surged to 6,73,965 tonne last month from 3,43,949 tonne in March 2025

Commerce Minister Goyal holds talks with his Omani counterpart on trade

In the last few days, Goyal has held discussions with the trade ministers of Saudi Arabia, UAE, Bahrain and Kuwait

March retail inflation up at 3.4% vs 3.2% in Feb on rising food prices

Data showed rural inflation at 3.63 per cent, while urban inflation remained lower at 3.11 per cent

Switch Mobility completes India's largest electric bus export to Mauritius

Switch Mobility has delivered 100 electric buses to Mauritius under a government-backed initiative, marking India's largest such export and advancing clean public transport in the island nation

World Bank chief warns of looming jobs crisis even after Iran war ends

World Bank chief said governments must balance immediate crises with long-term priorities including job creation, clean water access and electrification

Palm oil imports fall 19% to three-month low in March amid price surge

India's palm oil imports in March fell to 689,462 metric tons, the lowest since December 2025, down from 847,689 tons in February

India got highest number of regressive tax recommendations from IMF: Oxfam

The report said 59% of the IMF's tax advice to low- and lower-middle-income countries was regressive, while 52% of its recommendations to high-income countries were progressive

Iran war prompted India to change crude formula to fix 3-year inaccuracy

Old formula did not represent the price paid by Indian refiners

West Asia war: OMCs face renewed pressure as US-Iran peace talks collapse

Indian vessel carrying nearly 20,400 tonnes of LPG crossed Hormuz on April 11

CBDT urged to issue master circular on legacy tax guidance in new I-T law

Experts flag ambiguity over applicability of legacy circulars under the new Income-tax Act, 2025, seeking clarity to reduce disputes and ensure uniform compliance