Modi on Pax Silica: India Building Critical Mineral Stockpiles
Prime Minister Narendra Modi announces India's mission to secure critical minerals and strengthen raw material supply chains through global partnerships like Pax Silica.
Category : Economy
Hailstorms Damage Wheat Crops in Punjab, Haryana; Farmers Seek Aid
Unseasonal rain and hailstorms hit Punjab and Haryana, flattening wheat crops before harvest. Farmers report heavy losses, demand compensation, and IMD warns of more bad weather ahead.
Powell on Iran War Inflation, Labor Market, and Fed Independence
Federal Reserve Chair Jerome Powell addresses inflation risks from energy price spikes due to the Iran war, highlights subdued hiring and AI's impact on jobs, and stresses Fed independence amid political pressures.
US Gasoline Prices Cross $4 Per Gallon Amid Iran War
US gasoline prices have exceeded $4 per gallon for the first time since 2022, driven by global oil supply disruptions from the Iran war, impacting inflation and daily costs.
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Middle East Conflict Could Cut India's FY27 GDP Growth by 1%: EY
A new EY Economy Watch report warns that escalating Middle East tensions could shave off 1 percentage point from India's FY27 GDP growth projections, impacting key employment-intensive sectors.
Lucknow Jewellery Sales Triple After Gold Price Drop
Lucknow's jewellery market experiences a buying frenzy as gold and silver prices drop significantly. Daily sales volumes have nearly tripled, with customers rushing to purchase ahead of potential price increases and the wedding season.
India's Economic Growth: Trends and Future Outlook
An in-depth analysis of India's economic performance, highlighting key growth drivers, challenges, and projections for the future based on recent data and expert opinions.
CAG Report Reveals Rs 30,000 Crore Arrears, Blocked Capex
A recent CAG report tabled in the legislature highlights Rs 24,917 crore in GST and excise arrears for FY 2024-25, with total arrears reaching Rs 30,000 crore and significant capital expenditure blocked, raising concerns over fiscal management.
Milk in Jalandhar to Cost Rs 5 More per Litre from April 1
Residents of Jalandhar will face a price hike of Rs 5 per litre for milk starting April 1, 2024, impacting household budgets and local dairy consumption patterns.
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Industrial Output Growth Hits 5.2% in February
India's industrial production growth accelerated to 5.2% in February 2026, driven by a robust 6% expansion in the manufacturing sector, according to latest government data.
Fuel Duty Cut Signals Budget Squeeze, Post-Poll Price Rise Likely
A fuel duty cut has been implemented to keep retail prices stable during Assembly elections in four states and a Union Territory, but this move indicates budget constraints and potential price hikes after the polls.
Fed's Powell: Can Weather Energy Shock, Ready to Act on Inflation
Federal Reserve Chair Jerome Powell says the central bank can look through Middle East conflict-driven energy price shocks but may need to respond if inflation expectations shift.
SBI Urges RBI to Use Forex Reserves for Rupee Support
A State Bank of India report recommends the RBI utilize foreign exchange reserves to stabilize the rupee, highlighting potential market divergence from recent regulatory changes.
Rupee's 9.88% FY26 Fall Marks Steepest Decline in 14 Years
The Indian rupee depreciated 9.88% against the US dollar in FY26, its sharpest annual drop since FY12. Persistent foreign fund outflows, high crude prices, and a strong dollar drove the decline amid global volatility.
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Rupee Breaches 95 vs Dollar, Hits 14-Year Depreciation Record
The Indian rupee plunged past 95 against the US dollar, marking its steepest annual decline in 14 years. RBI's new cap on bank positions offers temporary relief amid ongoing volatility driven by oil prices and geopolitical tensions.
India's External Liabilities Hit $260.5 Billion in Dec 2025
The Reserve Bank of India reports net claims of non-residents on India stood at $260.5 billion at the end of December 2025, reflecting the country's external financial position.
Rupee Posts Biggest Annual Decline in 14 Years, Tumbles 9.88% in FY26
The Indian rupee has experienced its most significant annual depreciation in 14 years, declining by 9.88% during FY26. This sharp drop was primarily triggered by US-imposed tariffs on India, which caused a surge in demand for US dollars.
India's Fiscal Deficit at 80.4% of Target for 2025-26
India's fiscal deficit reached Rs 12.52 lakh crore by February, accounting for 80.4% of the full-year target for 2025-26, as per CGA data. Total receipts and expenditure also show progress.
FM Sitharaman: Economic Fundamentals Strong, Rupee Stable
Finance Minister Nirmala Sitharaman highlights India's strong economic fundamentals, solid forex reserves, and global praise for fiscal deficit management, stating the rupee is performing 'absolutely fine'.
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India's Industrial Output Grows 5.2% in Feb, Manufacturing Up 6%
India's industrial production expanded 5.2% in February 2026, driven by strong manufacturing growth of 6%. The Index of Industrial Production showed significant improvement from last year's 2.7% growth.
Rupee Plunges to All-Time Low of 94.94 vs US Dollar
The Indian rupee collapsed to a historic low of 94.94 against the US dollar, erasing early gains from RBI's net open position cap, with a sharp 160 paise fall from opening levels.
Morgan Stanley: India's Economy Resilient Amid Global Risks
Morgan Stanley's report highlights India's strong domestic demand and improving indicators, but warns of stagflation risks from Middle East tensions affecting growth and stability.
Rupee Breaches 95-Level Against US Dollar for First Time
The Indian rupee has breached the 95-level against the US dollar for the first time ever, erasing early gains despite RBI intervention. The currency fell 160 paise from its opening level on March 30, 2026.
India's LPG Crisis: Kerosene Allocated, Vessels Arrive
India's LPG supply faces pressure from West Asia conflict, with Centre allocating PDS kerosene for 60 days. Two vessels carrying 94,000 tonnes arrive, easing immediate concerns, but shortages and black marketing persist.
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India Keeps Petrol, Diesel Prices Unchanged Despite Global Oil Crisis
Despite global crude prices hitting $120 per barrel due to Middle East tensions, India has maintained petrol and diesel rates by cutting excise duty. The government's measures aim to protect consumers and support oil marketing companies facing massive los
Rupee Rebounds 128 Paise from All-Time Low vs Dollar
The Indian rupee recovered sharply in early trade, gaining 128 paise from its record low to settle at 93.57 against the US dollar, driven by positive market sentiment and easing global pressures.
India's Emergency Kerosene Plan for Cooking Fuel Amid Crisis
The Indian government has announced a 60-day emergency plan to distribute additional kerosene for household cooking and lighting, responding to global energy supply strains from the Middle East conflict. The move includes reintroducing kerosene in 21 regi
Noida Airport Inauguration Sparks Job Fears for Local Workers
As Noida International Airport is inaugurated, local youths in Jewar face uncertainty as construction phase ends, with no permanent jobs, medical cover, or security offered despite promises of opportunities.
Oil Shock Puts Indian Economy Under Severe Pressure
The recent surge in global oil prices has placed significant strain on India's economy, impacting inflation, trade deficits, and growth prospects, with experts calling for strategic policy responses.
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6,000 LPG Connections Surrendered, PNG Adoption Rises
Government reports 6,000 piped gas consumers surrendered LPG connections in three days, with 2.9 lakh new PNG connections activated this month, easing cylinder stock pressure amid West Asia conflict disruptions.
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