India is shielding consumers from rising global oil prices, but OMC losses are surging. How long can fuel prices stay frozen before fiscal pressure forces tough decisions?
His remarks came after Prime Minister Narendra Modi urged voluntary austerity, including cutting down on petrol and diesel use and putting off gold purchases, to preserve foreign exchange reserves
IFAD's VP 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
India raises gold, silver and platinum import duties to curb overseas demand, ease pressure on forex reserves and narrow current account deficit amid global uncertainty
Speaking at the CII Annual Summit, Union Minister Hardeep Singh Puri said India's oil companies are losing ₹1,000 crore every day and the under recovery is going to be ₹1,98,000 crore
The purchases, equivalent to about a quarter of India's annual DAP imports, are likely to tighten global supplies and support prices
The higher duties could dampen demand in the world's second-largest consumer of precious metals, although they may help narrow India's trade deficit and support the rupee
OMCs losing ₹1K cr a day, says Puri; doesn't rule out fuel price hike
Govt looking to clear regulatory 'cholesterol': Gauba
PFRDA's proposed NPS Swasthya Pension Scheme seeks to combine retirement savings with healthcare financing, potentially reshaping elderly-care funding beyond traditional insurance models
Retail inflation inched up to 3.48% in April as food prices rose further, while experts warned of indirect pressure from higher global energy costs and a potentially weak monsoon
Mandaviya said the government has readied the facility for withdrawal of 75 per cent of provident fund (PF) balance through ATMs and will soon roll it out
Moody's said India is 'particularly vulnerable' to high oil prices given its heavy reliance on imported crude and LNG
Amid the West Asia crisis, the government is considering expanding India's crude oil, gas and LPG reserves to strengthen long-term energy security
Worst-performing Asian currency in 2026, second-worst since Iran war
Jewellery industry bodies and retailers back push to mobilise India's large stock of idle household gold through a strengthened Gold Monetisation Scheme
Since 2021, India has finalised trade deals with Mauritius, the UAE, Australia, Oman, New Zealand, EFTA bloc, UK and the EU.
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
Kotak backs PM's austerity push; warns of navigation challenges amid a global tribal mindset
Rising renewable energy generation, erratic weather patterns and supply-demand mismatches are triggering sharp swings in India's spot electricity prices across market segments