Page 12 - Economy

West Asia conflict: Govt may rework strategic oil and gas reserves

Amid the West Asia crisis, the government is considering expanding India's crude oil, gas and LPG reserves to strengthen long-term energy security

Rupee hits fresh low of 95.75 per dollar amid crude oil, FPI pressure

Worst-performing Asian currency in 2026, second-worst since Iran war

Unlock value of existing gold through GMS, says Gem & Jewellery Council

Jewellery industry bodies and retailers back push to mobilise India's large stock of idle household gold through a strengthened Gold Monetisation Scheme

India plans 500 delegations, outreach to industry to boost FTA utilisation

Since 2021, India has finalised trade deals with Mauritius, the UAE, Australia, Oman, New Zealand, EFTA bloc, UK and the EU.

Can India's cotton mission deliver without adopting new technology?

Experts argue that India's Mission for Cotton Productivity may struggle to revive yields and exports unless next-generation genetic technologies and science-led reforms are adopted

Uday Kotak asks India, India Inc to prepare for shocks from W Asian crisis

Kotak backs PM's austerity push; warns of navigation challenges amid a global tribal mindset

What is driving the volatility in India's spot power prices?

Rising renewable energy generation, erratic weather patterns and supply-demand mismatches are triggering sharp swings in India's spot electricity prices across market segments

How govt's E85, E100 push tests India's ethanol supply and storage limits

India is preparing the ground for E85 and E100 fuels, but moving beyond E20 will depend on whether the country can produce enough ethanol, store it safely, and distribute it efficiently at scale

Govt may soon assess oil firms' ₹2 trillion under-recoveries: Hardeep Puri

Oil Minister Hardeep Singh Puri said state-run oil companies are facing mounting losses from frozen fuel prices amid rising crude oil costs and geopolitical tensions

Govt revises release date for annual and Q4 GDP estimates to June 7

The ministry said the change was necessitated because some "critical datasets become available only after a lag of up to two months"

Uttar Pradesh govt approves thermal power project of ₹33,000 crore

Apart from ramping up thermal power, the state government is also boosting its solar and renewable energy portfolio

India, Russia in advanced talks for critical minerals agreement: Report

New Delhi has signed critical minerals agreements with Argentina, Australia and Japan, and is in talks with Peru and Chile on broader bilateral agreements that also include critical minerals

India has ample fuel stocks, but OMC losses may hit ₹1 trillion: Puri

At the same time, the minister acknowledged growing fiscal stress from keeping retail fuel prices unchanged

Revamped survey looks to finally crack India's household income puzzle

India's first dedicated household income survey aims to fill a decades-old statistical gap, but experts warn that under-reporting, informal work and non-response could still distort the picture

PSBs' net profit rises 11% to all-time high ₹1.98 lakh cr in FY26: FinMin

Improved asset quality, healthy credit expansion and higher income contributed to improved profitability of PSBs during 2025-26, the ministry said

India's April retail inflation rises to 3.48% as food prices increase

Food inflation, measured by the All India Consumer Food Price Index (CFPI), rose to 4.20 per cent in April from 3.87 per cent in March.

Indian banks resume gold, silver imports after month-long halt over 3% levy

The resumption is expected to boost the country's gold imports, widen ‌the trade deficit and put more pressure on the rupee, which is among Asia's worst-performing currencies this year

Gold curbs to IMF loans: How India protected its forex reserves in past

PM Modi's austerity appeal recalls how India used gold curbs, NRI deposits, bonds, and IMF loans to protect forex reserves in past crises

Oil Minister Puri rules out fuel shortage as LPG production raised sharply

Oil Minister said PM Narendra Modi's austerity appeal should be taken as a wake-up call and urged to start thinking of "measures" to lessen fiscal strain from West Asia conflict

Gold imports in focus as PM Modi calls for austerity amid West Asia crisis

India's gold imports rose over 24 per cent to an all-time high of $71.98 billion in 2025-26