Page 19 - Economy & Policy News

Govt bond yields rise as crude surges; RBI steps in with OMO purchases

Government bond yields rose on Friday as crude and OIS rates climbed, before the RBI announced ₹1 trillion of bond purchases to ease liquidity tightness expected from March tax outflows

ADB flags India's oil vulnerability amid rising West Asia tensions

ADB says India's crude oil reserves of about 100 million barrels-enough for 40-45 days-leave the country exposed to potential supply disruptions through the Strait of Hormuz

Will formalise ways to give comfort to Indian exporters, says Piyush Goyal

Piyush Goyal says the government is formalising steps to support exporters facing disruptions from the West Asia crisis, with an inter-ministerial group tracking risks and logistics challenges

Govt orders refiners to boost LPG output as Hormuz disruption worsens

Government directs refiners to maximise LPG production and supply extra volumes only to state-run OMCs for domestic use, as Hormuz closure tightens India's already import-heavy LPG supply

Govt amends I-T rules: Crypto, digital money now under reporting framework

From January 2026, crypto-assets, CBDCs and electronic money products will fall under India's expanded FATCA-CRS reporting regime, strengthening tax transparency and compliance

Karnataka Budget 2026: Social media ban, education boost, and more

Karnataka CM Siddaramaiah presented the state Budget with a focus on school infrastructure boost, women welfare schemes, and a ₹2,000 crore electric bus programme

India faces rupee, inflation risks from West Asia conflict: Moody's

Energy-importing regions in Asia and Europe would sustain the most immediate stress from $100-plus Brent crude

Indian refiners move quickly to buy Russian oil after US relaxes curbs

There's around 15 million barrels of Russian crude on tankers in the Arabian Sea and the Bay of Bengal, while vessels carrying another 7 million are idling near Singapore

Adani Gas keeps CNG, PNG prices unchanged; curbs supply for few industries

A company official said about 70 per cent of ATGL's gas volumes are sourced domestically and supplied to CNG users and domestic kitchens (called piped natural gas (PNG)-domestic) customers

India's 2025-26 sugar output estimate cut 4.4% to 28.3 mn tonne: AISTA

Gross sugar production is expected at 31.5 million tonnes, with 3.2 million tonnes likely to be diverted for ethanol production, the All India Sugar Trade Association said

Uttarakhand's GSDP rises to ₹3.82 trn in FY25; FY27 growth pegged 8.2%

Uttarakhand's GSDP rose to ₹3.82 trillion in FY25 from ₹2.54 trillion in FY22, with higher per capita income, lower poverty levels and growth projected at 8.2 per cent for FY27

US issues temporary licence to allow some Russian oil sales to India

Move comes months after President Donald Trump slapped tariffs on Indian goods in a bid to pressure Prime Minister Narendra Modi's government to abandon energy purchases from Russia

West Asia crisis triggers severe LNG, LPG supply shock for Indian firms

LNG tenders fail, tankers stranded, storage at 30%; naphtha back in the mix

Rice exporters seek urgent relief as Iran crisis disrupts exports, shipping

International freight rates have risen by an estimated 15-20 per cent, while war-risk surcharges and insurance premiums for Gulf-bound shipments have increased significantly

Iran war set to hit output in sectors dependent on oil and gas: Crisil

CRISIL cautions that continued West Asia tensions could disrupt LNG and crude supplies, pressuring fertilisers, refineries, chemicals and other energy-intensive sectors in India

Centre reviewing Rodtep scheme to assess and justify its continuation

Reassessment is a part of exercise to rationalise central-sector schemes to enhance efficiency

'Excited' about India trade deal: US dy secy of state Christopher Landau

Says US not to make same mistakes with India as it did with China

India seeks to retain tariff edge over Asian peers in US trade deal

Goyal said India is closely watching the evolving situation following the US SC's verdict, and will continue to engage with Washington for best possible opportunities in the interim trade deal

Maharashtra's economy likely to grow 7.9% in 2025-26: Economic Survey

Maharashtra's economy is projected to grow 7.9% in 2025-26 with per capita income rising to ₹3.47 lakh, driven largely by strong services sector growth

Indian gas firms may cut industrial supply if Qatar halt persists

QatarEnergy has halted production of liquefied natural gas (LNG) amid attacks on its facilities as tensions rise in West Asia