Economy & Policy News

Call on standards within 6 months of trade pact rollout: USTR report

The Report said India will address longstanding non-tariff barriers to trade in US food and agricultural products

Datanomics: India's crude flows via Hormuz at risk amid West Asia crisis

India's dependence on the Strait of Hormuz for crude oil imports has declined, with its share falling from 55 per cent in 2020 to 41 per cent in Q1 2025

Enhancing maturity of accounts of local bodies to get priority: CAG

CAG Sanjay Murthy says improving local body accounts and standardising how states report fiscal transfers is essential as Finance Commission grants expand and accountability demands grow

Hookah served with food in restaurants to be taxed separately: WB AAR

Tobacco-based hookah will attract 40 % GST, while non-tobacco (herbal) hookah will be taxed at 18%

West Asia conflict: Govt forms panel for supply chain resilience

The committee, comprising officials from the FM, MEA, shipping ministry and oil ministry, is expected to ensure coordination among departments and engage with export promotion councils

India 'well stocked' with crude oil to meet supply disruptions: Puri

India holds around 25 days of crude and petroleum products and may diversify crude sourcing as the Strait of Hormuz faces disruptions, Oil Minister Puri said

Chatroom: Consider ICC Code and local laws before advertising abroad

TNC Rajagopalan answers SME queries related to GST, export and import matters

PM Narendra Modi asks industry to make the most of trade deals

Modi tells India Inc to ramp up investments in R&D and never compromise on quality

India grapples with grid curtailment, biggest test yet on energy transition

Rising renewable energy capacity is straining India's grid, forcing curtailments and raising concerns over stability, storage gaps and the need for flexible thermal operations

Productive capital, inclusion key to next growth phase: RBI Dy Guv

RBI Deputy Governor Swaminathan J says India's path to Viksit Bharat@2047 depends on productive capital allocation, meaningful financial inclusion and strong customer protection

Japan in talks with India to jointly explore rare earths in Rajasthan

Following on a preliminary pact on critical minerals that Japan and India signed last year, Tokyo has expressed interest in the Rajasthan deposits and plans to send experts to the site

Ongoing conflict in West Asia to discourage investment into India: BMI

Despite the favourable readings of policy uncertainty so far in 2026, BMI kept the FY2026/27 growth outlook unchanged, projecting a 7 per cent GDP expansion

India most vulnerable to prolonged disruptions to West Asian oil: Analysts

Both ​China and India, Asia's top energy consumers, source around half of their crude imports from the West Asia, but India has far less oil in storage than its neighbor

Govt moves to shield trade as West Asia conflict chokes sea routes

The Centre has set up a multi-ministry support desk to assist exporters and importers as the West Asia conflict disrupts cargo movement, congests ports and heightens logistics challenges

Manufacturing PMI climbs to four-month high in Feb, rises to 56.9

However, the latest figure was significantly lower than the Flash India Manufacturing PMI of 57.5, released last month

India, Canada sign $1.9 bn uranium pact to strengthen energy cooperation

India has signed a $1.9 billion uranium supply deal with Canada's Cameco for deliveries from 2027 to 2035, part of a wider strategic energy partnership spanning renewables and fuels

India's CAD widened to 1.3% of GDP in Q3FY26 on higher trade deficit

India's current account deficit widened to $13.2 billion in Q3FY26 as the trade gap expanded, though higher services receipts, lower investment outflows and stronger remittances provided some support

Datanomics: How the West Asia conflict risks inflating India's oil bill

A major proportion of India's crude oil imports flows through the Strait of Hormuz, which remains an important trade point in the Gulf

FMCG companies worried about price pressure amid West Asia conflict

FMCG firms exporting to West Asia are monitoring the Iran conflict as rising crude prices and supply chain risks threaten higher packaging and freight costs, with exporters bracing for volatility

India's CAD widens to ₹13.2 billion in Q3 on higher trade deficit: RBI

The current account deficit stood at $11.3 billion, or 1.1 per cent of GDP, in the corresponding quarter of 2024-25