Economy

Austerity and symbolism: Matching intent with action amid crises

Following through announcements with enforcement of measures is key, as a run through recent Indian economic history shows

Indian OMCs source crude at competitive rates in March amid Iran war

March crude procurement costs for Indian OMCs remained steady year-on-year in dollar terms and rose only slightly from February, despite the West Asia conflict

From crude to pump: How petrol is priced in India and who gets what share

Petrol and diesel prices are rising again amid the West Asia crisis. Here's how fuel prices are calculated in India and who earns what from every litre sold at the pump

OMCs hike petrol, diesel prices by Rs 3 per litre amid mounting losses

Petrol now costs ₹97.77 per litre in Delhi, up from ₹94.77 a litre earlier, while diesel prices have been raised to ₹90.67 per litre

After Mumbai, CNG prices hiked in Delhi by ₹2 amid fuel supply concerns

CNG in the national capital will now cost ₹79.09 per kg, up from ₹77.09, while in Mumbai, the fuel is now priced at ₹84 per kg

OMCs hike petrol, diesel prices in four metros amid West Asia crisis

Petrol in the national capital will now cost ₹97.77 per litre, up from ₹94.77, while diesel will be priced at ₹90.67 per litre, compared with ₹87.67 earlier

Regulators, officials keep close watch on heightened geopolitical frictions

Says, it will keep a close watch on the emerging situation

India to invest over $20 bn in offshore energy mapping: Hardeep Singh Puri

The state-run upstream companies have invested over $0.5 billion in seismic data acquisition in the last eight years

FinMin confident of coping with West Asia crisis with adequate fiscal room

The Centre says fiscal prudence and timely interventions have helped India cushion the economic fallout of the prolonged West Asia conflict

Energy cost spike pushes wholesale inflation to 8.3%, a 42-month high

Sharp rise in fuel and energy prices amid the West Asia crisis pushes wholesale inflation to its highest level since October 2022

Datanomics: India's informal sector wages below minimum benchmarks

ASUSE data shows informal sector earnings remain below minimum wage levels, with own-account and mobile enterprises continuing to dominate

IFAD looking to make 3-4 direct investments in India in next one year: AVP

IFAD's AVP Donal Brown said that the funding agency is now increasingly looking to fund 3-4 direct investments in the private sector over the next year

Gold imports under advance authorisation capped at 100 kg per licence

Importers must fulfil 50 per cent export obligation before fresh licences as government tightens gold import monitoring norms

India caps gold imports under Advance Authorisation scheme at 100 kg

The government has tighetend conditons for the issuance and monitoring of advance authorisation for import of gold. Earlier, there was no limit on gold imports under the scheme

Geothermal energy has 450 GW power potential in India, says report

CEEW and Project InnerSpace report highlights vast geothermal potential for electricity, cooling and industrial applications across several Indian states

Road InvIT AUM to grow by 30% to ₹3.9 trillion in FY27: Crisil Ratings

Crisil says toll road monetisation by NHAI and HAM asset sales will continue driving growth in road sector infrastructure investment trusts

EU includes India in eligible list of countries for marine exports

The EU has added India to its updated list of countries eligible to export marine products, safeguarding seafood shipments to the bloc beyond September 2026

Why India's ₹37,500 cr coal gasification push matters for its energy future

India's ₹37,500 crore coal gasification scheme aims to cut import dependence, boost industrial growth and strengthen energy security by turning domestic coal into strategic fuel and chemicals

India bans sugar exports for current season: What it means for the industry

Industry players said the government may have adopted a precautionary approach due to climatic uncertainties, with some hinting at wrong production estimates

India's wholesale inflation rises to 42-month high of 8.3% in April

India's factory-gate inflation accelerated sharply in April as rising fuel, diesel, and crude oil prices linked to the West Asia crisis pushed wholesale prices to a multi-year high