Page 18 - Economy
Up to 40 GW wind projects at risk by 2030 due to grid delays: Industry
Industry flags transmission bottlenecks, substation delays and land issues as key hurdles to achieving India's 100 GW wind energy target by decade-end
 "Up to 40 GW wind projects at risk by 2030 due to grid delays: Industry")
Rupee falls 0.1% as West Asia truce pushes oil higher, dents stocks, bonds
Rupee slips to 92.65 per dollar as oil prices jump on Middle East tensions, dragging equities and bonds while foreign outflows and weak sentiment add pressure
 "Rupee falls 0.1% as West Asia truce pushes oil higher, dents stocks, bonds")
India well placed to handle energy shock, backed by strong buffers: WB
The US-based multilateral agency also appreciated the Indian government's strategy of handling that energy crisis that emanated due to the West Asia conflict
 "India well placed to handle energy shock, backed by strong buffers: WB")
Banks exit bulk of India rupee arbitrage positions ahead of RBI deadline
The measures were aimed specifically at curbing arbitrage trades between the onshore market and the non-deliverable forward (NDF) market, per bankers
 "Banks exit bulk of India rupee arbitrage positions ahead of RBI deadline")
Hardeep Puri heads to Qatar to secure LNG, LPG supply amid fuel crisis
Qatar is India's single-largest supplier of both LNG and LPG, providing 45 per cent and 20 per cent respectively
 "Hardeep Puri heads to Qatar to secure LNG, LPG supply amid fuel crisis")
India turns crises into opportunity, emerges stronger: Shaktikanta Das
He also noted that several factors underpin this resilience, including macroeconomic stability, policy consistency, infrastructure-led development and strong domestic demand
 "India turns crises into opportunity, emerges stronger: Shaktikanta Das")
India's projected 6.6% growth in FY27 skewed to downside: World Bank
Retail inflation is projected at 4.9% for the current fiscal year reflecting higher food and energy prices and exchange depreciation pressure
 "India's projected 6.6% growth in FY27 skewed to downside: World Bank")
Piyush Goyal talks to Kuwaiti counterpart after US-Iran ceasefire
India and Kuwait traditionally enjoy friendly relations, which are rooted in history and have stood the test of time
 "Piyush Goyal talks to Kuwaiti counterpart after US-Iran ceasefire")
Russia offers sanctioned LNG to energy-hungry Asia at 40% discount
The effective closure of the Strait of Hormuz - and attacks on the world's largest LNG export plant in Qatar - has throttled about a fifth of global supply, upending the gas market and lifting prices
 "Russia offers sanctioned LNG to energy-hungry Asia at 40% discount")
Tanker carrying 15,400 tonnes of LPG arrives at Navi Mumbai's JNPA
JNPA described the development as notable in the backdrop of the war involving Iran, the United States and Israel
 "Tanker carrying 15,400 tonnes of LPG arrives at Navi Mumbai's JNPA")
81% of SEZ domestic supplies not to get Customs duty relief concession
Most SEZ-to-DTA supplies may miss out on duty relief, with industry flagging limited benefits and lack of clarity in the Centre's one-time concession scheme
 "81% of SEZ domestic supplies not to get Customs duty relief concession")
Rupee likely to stabilise at 92-93 per dollar, says EAC-PM chairman
Rupee may stabilise at 92-93 against the dollar as foreign flows return, says EAC-PM Chairman, citing strong macroeconomic fundamentals and fiscal strength
 "Rupee likely to stabilise at 92-93 per dollar, says EAC-PM chairman")
World Bank raises India FY27 growth forecast to 6.6% amid headwinds
World Bank upgrades India's FY27 growth outlook to 6.6% on strong domestic demand, but flags inflation risks and slowdown due to West Asia conflict
 "World Bank raises India FY27 growth forecast to 6.6% amid headwinds")
India set to receive first Iranian oil cargo in 7 years: Report
State-run Indian Oil Corp purchased the cargo, currently on the Curacao-flagged very large crude carrier Jaya, which is heading to India's east coast and is set to arrive later this week
 "India set to receive first Iranian oil cargo in 7 years: Report")
Foreign Secretary Misri launches India-US trade Facilitation Portal
Misri on Wednesday began his three-day visit to the US to meet with senior officials to review bilateral trade and defence relations and discuss global developments, including the crisis
 "Foreign Secretary Misri launches India-US trade Facilitation Portal")
Remittance slowdown unlikely despite West Asia conflict: RBI DG Gupta
RBI Deputy Governor says remittances to India likely to remain stable as demand for migrant workers may rise despite ongoing conflict in West Asia
 "Remittance slowdown unlikely despite West Asia conflict: RBI DG Gupta")
Indian Oil buys first shipment of Iranian crude since 2019 sanctions
Curacao-flagged crude tanker Jaya, laden with Iranian oil, most recently indicated it is heading for India, according to ship-tracking data
 "Indian Oil buys first shipment of Iranian crude since 2019 sanctions")
Centrally funded infrastructure projects log 17.02% cost jump in February
Cost overruns in centrally funded infrastructure projects rose to 17.02 per cent in February, pushing revised estimates to Rs 42.5 trillion across 1,948 ongoing projects
 "Centrally funded infrastructure projects log 17.02% cost jump in February")
CCEA revises HPCL refinery cost, clears hydro, fertiliser projects
CCEA hikes HPCL refinery cost, clears hydro projects and Kharif fertiliser subsidy in a series of key approvals
 "CCEA revises HPCL refinery cost, clears hydro, fertiliser projects")
Rupee curbs due to excessive speculation, not a structural shift: RBI Guv
Deputy Governor T Rabi Sankar said there was an "artificial drying up" of supply in the market during those days, which led to the measures
 "Rupee curbs due to excessive speculation, not a structural shift: RBI Guv")