Economy
US starts tariff refunds; Indian exporters need to engage with buyers: GTRI
The Global Trade Research Initiative said that the engagement will be important as the refunded payments go only to US importers, and exporters have no legal right to claim them
 "US starts tariff refunds; Indian exporters need to engage with buyers: GTRI")
India's crude imports fall 13% as Hormuz disruption cuts West Asia supply
Imports from Russia nearly doubled from February to 2.25 million bpd in March while shipments from the West Asia slumped 61 per cent to 1.18 million bpd
 "India's crude imports fall 13% as Hormuz disruption cuts West Asia supply")
Foreign ownership can boost Indian financial firms' credit profile: Fitch
Fitch said recent greater interest from foreign investors indicates their rising confidence in India's long-term growth prospects, the financial sector's regulations, and improved risk governance
 "Foreign ownership can boost Indian financial firms' credit profile: Fitch")
India's economy projected to grow at 6.4% in 2026, 6.6% in 2027: UN report
In India, economic activities moderated in the second half of 2025 as exports to the United States declined by 25 per cent following the introduction of 50 per cent tariffs in August 2025
 "India's economy projected to grow at 6.4% in 2026, 6.6% in 2027: UN report")
Domestic production of oil, gas ramped up amid West Asia crisis: RBI Guv
He highlighted that the Indian economy has demonstrated resilient growth over the past decade, supported by robust policy frameworks, financial stability, and sound fiscal policies
 "Domestic production of oil, gas ramped up amid West Asia crisis: RBI Guv")
States' capex growth to slow to 8-10% in FY27 amid fiscal squeeze: Report
The moderation will primarily result from tighter fiscal headroom due to rising revenue expenditure commitments and a moderation in revenue growth, Careedge Ratings said
 "States' capex growth to slow to 8-10% in FY27 amid fiscal squeeze: Report")
Datanomics: Women's work remains largely unpaid in India's labour market
Women remain concentrated in unpaid helper roles and self-employment, with limited access to regular salaried jobs, mainly in rural areas
 "Datanomics: Women's work remains largely unpaid in India's labour market")
West Asia conflict: Govt reviews rural schemes, ₹17K cr for MGNREGA wages
On the rural housing, the ministry said it is implementing the Pradhan Mantri Awaas Yojana Gramin to construct 4.95 crore houses by March 2029
 "West Asia conflict: Govt reviews rural schemes, ₹17K cr for MGNREGA wages")
Focus on boosting shipbuilding ties: India, S Korea set $50 bn trade target
New Delhi and Seoul agree to deepen strategic cooperation, upgrade CEPA, and boost trade to $50 billion by 2030 amid global uncertainties
 "Focus on boosting shipbuilding ties: India, S Korea set $50 bn trade target")
Second-round effects of supply shocks a real concern, says RBI governor
Forex intervention as needed; not committing to indefensible peg: Malhotra
 "Second-round effects of supply shocks a real concern, says RBI governor")
India to build Korea industrial township, push for balanced trade: Goyal
Goyal said the two sides have agreed to upgrade the India-Korea Comprehensive Economic Partnership Agreement on a "fast-track, mission mode" basis
 "India to build Korea industrial township, push for balanced trade: Goyal")
Bombay High Court refers GST consolidated SCN issue to larger bench
Section 73 covers tax shortfalls/input tax credit errors without fraud, while Section 74 covers the same issues involving fraud or suppression
 "Bombay High Court refers GST consolidated SCN issue to larger bench")
Core sector contracts 0.4% in March amid fall in coal, power output
In February 2026, the eight core infrastructure sectors had expanded by 2.8 per cent
 "Core sector contracts 0.4% in March amid fall in coal, power output")
India seeks preferential market access in US for domestic goods: Goyal
About a dozen officers from India are in Washington for three-day trade talks with the US authorities
 "India seeks preferential market access in US for domestic goods: Goyal")
RBI partially withdraws restrictions on certain rupee derivative trades
The central bank had also stopped authorised dealers from entering into any FX derivative contract involving INR with their related parties
 "RBI partially withdraws restrictions on certain rupee derivative trades")
Truckers brace for first diesel price hike in four years amid Iran war
India is among the countries most exposed to the trade upheaval in the West Asia as the conflict extends into an eighth week
 "Truckers brace for first diesel price hike in four years amid Iran war")
Govt expands Russian marine insurers list as Iran war strains supply chains
India is relying on Russian oil to meet most of its demand using a temporary waiver as the US-Israeli war on Iran keeps the Strait of Hormuz effectively closed
 "Govt expands Russian marine insurers list as Iran war strains supply chains")
Weekly policy watch: US trade talks, infra output in focus this week
India's policy calendar for April 20-26 is packed with key events including US trade talks, flash PMI data and infrastructure output, offering cues on growth, demand and policy direction
 "Weekly policy watch: US trade talks, infra output in focus this week")
West Asia conflict: US renewal of Russian oil waiver a breather for India
US renews Russia oil waiver, offering relief to India amid Hormuz disruptions, as refiners rely on diversified crude sources to maintain supplies
 "West Asia conflict: US renewal of Russian oil waiver a breather for India")
Global crises reveal the limits of India's oil diversification strategy
The Iran-US-Israel conflict effectively shuttered the Strait of Hormuz, the artery of India's oil trade
 "Global crises reveal the limits of India's oil diversification strategy")