Economy & Policy News

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

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

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

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

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

Finance Minister Nirmala Sitharaman, in a written statement, said that the medium-term impact of global crude oil price rise on inflation would depend upon several factors

SC refused to examine a plea challenging Income Tax Act provisions permitting digital access during search operations, calling the concerns speculative and allowing withdrawal of the petition

The field offices under the CBIC will recover all export incentives, including IGST, drawback, etc., manually from such cargo, if they have already been disbursed

If global crude averages $110-115 per barrel in FY27, India's net oil imports could rise by $56-64 billion annually, worsening the current account deficit and fuelling inflation

However, the move, he said, is a short-term, pragmatic effort to stabilise the market and did not signal any change in Washington's policy towards Russia

Strategic reserves offer limited cover as shipping disruptions slow the arrival of replacement barrels

Exporters stare at either a diversion in routes, or a U-turn to India

Rising tensions in West Asia are slowing recruitment of Indian workers to Gulf countries, potentially delaying over 300,000 overseas job placements in the coming months

Some ministries are over 45% short of revised estimates

Alternative routes for LPG, LNG supplies being explored, say officials

States spent only 51.8 per cent of their combined FY26 capital expenditure budget during April-January, trailing the Centre's capex pace, according to CAG data

CBIC has issued temporary relaxations for handling export cargo returning to Indian ports due to the Strait of Hormuz disruption, outlining simplified processes to speed up clearances

Centre explores PPP model for at least one of seven proposed bullet train corridors as India plans ₹16-trillion high-speed rail expansion

As The Wealth of Nations turns 250, debates over tariffs, inequality and monopolies show how Adam Smith's ideas remain strikingly relevant to today's economic battles

India's trade deals with the US and Europe promise market access and investment flows, but industry readiness and new regulatory barriers may shape their real impact