Economy
OMCs raise petrol, diesel price by 90 paise per litre, 2nd hike in a week
Petrol now costs ₹98.64 a litre in the national capital, from earlier ₹97.77 a litre and diesel is priced higher at ₹91.58 per litre
 "OMCs raise petrol, diesel price by 90 paise per litre, 2nd hike in a week")
Overlaps in labour codes, state laws create compliance grey zone for firms
Experts say overlaps between Labour Codes and state Shops and Establishments Acts may create compliance uncertainty for companies across working hours and leave rules
 "Overlaps in labour codes, state laws create compliance grey zone for firms")
West Asia crisis: Russian oil waiver extension a huge relief, say experts
he US has extended sanctions waiver on Russian oil purchases till June 17, easing pressure on Indian refiners reliant on discounted crude imports
 "West Asia crisis: Russian oil waiver extension a huge relief, say experts")
Tighter DSM rules for grid stability raise concerns over RE viability
India's tighter DSM rules aim to improve grid discipline amid rising renewable energy penetration, but industry experts say wider reforms are needed to balance stability and project viability
 "Tighter DSM rules for grid stability raise concerns over RE viability")
As India's thirst for edible oil grows, import curbs look unlikely
India's edible oil demand continues to rise on the back of population growth and improving incomes, making import dependence difficult to curb unless domestic oilseed production rises sharply
 "As India's thirst for edible oil grows, import curbs look unlikely")
Assam, UP and Meghalaya India's fastest-growing states, says study
Smaller and mid-sized states are emerging as India's fastest-growing economies, signalling a broader and more balanced growth story beyond traditional industrial hubs
 "Assam, UP and Meghalaya India's fastest-growing states, says study")
India to host Africa summit after 11 years amid strategic outreach
New Delhi seeks to deepen trade, investment, energy, and strategic ties with African nations as it hosts the fourth India Africa Forum Summit after an 11-year gap
 "India to host Africa summit after 11 years amid strategic outreach")
India is trying to secure fertiliser supplies from 28 countries: Chouhan
Shivraj Singh Chouhan said India is engaging with 28 countries for fertiliser supplies while urging farmers to adopt organic and climate-resilient farming practices
 "India is trying to secure fertiliser supplies from 28 countries: Chouhan")
FTAs must drive exports, not just imports: Commerce Minister Piyush Goyal
Commerce Minister Piyush Goyal urged Indian industry to use upcoming FTAs to boost exports and avoid a surge in imports
 "FTAs must drive exports, not just imports: Commerce Minister Piyush Goyal")
Datanomics: Modi's visit may further boost trade ties with five countries
PM Narendra Modi's five-nation tour underscores India's push to deepen trade ties as exports to these countries outpace imports despite a cumulative trade deficit
 "Datanomics: Modi's visit may further boost trade ties with five countries")
RBI likely to hold repo rate at 5.25% through FY27, says India Ratings
India Ratings projects GDP growth at 6.7% and inflation at 4.4%, warning that higher crude prices and West Asia tensions may pressure growth and trade deficit
 "RBI likely to hold repo rate at 5.25% through FY27, says India Ratings")
India notifies standards for petrol blends with up to 30% ethanol
The move is part of the government's preparedness for the next phase of its ethanol-blending programme beyond E20, after advancing the deadline for 20% ethanol blending in petrol from 2030 to 2025-26
 "India notifies standards for petrol blends with up to 30% ethanol")
India's oil trade deficit set to balloon to new high in FY27: Crisil
Crisil expects India's oil trade deficit and current account deficit to widen sharply in FY27 as Brent crude prices rise amid the West Asia crisis
 "India's oil trade deficit set to balloon to new high in FY27: Crisil")
PM Modi in Rome: Why India, Italy need to build a strategic future together
Rome increasingly understands that the future of European competitiveness, economic resilience and strategic diversification will depend upon trusted industrial partnerships beyond the Continent
 "PM Modi in Rome: Why India, Italy need to build a strategic future together")
India's two largest aviation hubs cut ATF tax. How much can airlines gain?
Experts said lower ATF taxes at India's two biggest aviation hubs could improve airline operating economics and margins, though passengers may not see meaningful fare cuts immediately
 "India's two largest aviation hubs cut ATF tax. How much can airlines gain?")
Edible oil imports rise 3% in FY26 on Nepal duty-free surge: Industry body
Refined soybean oil made up the bulk of Nepal's exports to India, with smaller volumes of sunflower oil, RBD Palmolein and rapeseed oil also traded
Petrol, diesel prices raised by 90 paise in second rate hike in a week
In Delhi, petrol now retails at ₹98.64 per litre, up by 87 paise, while diesel is priced at ₹91.58 per litre, higher by 91 paise
 "Petrol, diesel prices raised by 90 paise in second rate hike in a week")
Rupee slides to new low of 96.4/$; bond yield surge 7 bps to 7.13%
The rupee weakened to a fresh low and bond yields climbed sharply as rising crude oil prices and higher US Treasury yields rattled financial markets
 "Rupee slides to new low of 96.4/$; bond yield surge 7 bps to 7.13%")
West Asia crisis: India to buy Russian oil despite US waiver lapse
India will continue purchasing Russian crude oil despite the expiry of the US waiver, while fuel retailers' under-recoveries have narrowed after the recent price hike
 "West Asia crisis: India to buy Russian oil despite US waiver lapse")
Piyush Goyal urges industry to cut dependence on capital goods imports
Goyal urges industry to cut import dependence as rupee hits fresh low and exports push intensifies
 "Piyush Goyal urges industry to cut dependence on capital goods imports")