India's CPI Inflation Seen at 4.8% on USD 90/bbl Crude in FY27
India's CPI inflation is projected to rise 70 bps to 4.8% in FY27, with crude oil averaging USD 90/bbl, amid West Asia conflict and weak monsoon forecast, says 360 ONE Capital report.
India's CPI inflation is projected to rise 70 bps to 4.8% in FY27, with crude oil averaging USD 90/bbl, amid West Asia conflict and weak monsoon forecast, says 360 ONE Capital report.
India's industrial production growth slowed to 4.9% in April 2026 from 5.7% a year earlier, driven by a contraction in mining and slowdown in other sectors, according to new IIP data.
Telangana's post-settlement GST revenue rose 25% to ₹8,894 crore in April-May 2025-26, driven by strong IGST apportionment and economic growth.
NFHS-6 shows 94% of women in Goa use internet, property ownership rises to 21.4%, but spousal violence increases and family planning burden remains on women.
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RecommendedGoa experienced intense heat on June 1 with a heat index of 47.2°C. The southwest monsoon is delayed. IMD issued a yellow alert for thunderstorms from June 3-5.
Maharashtra CM Devendra Fadnavis orders MSRTC to fast-track statewide charging stations for e-buses, targeting 50% electric fleet by 2029 and 100% by 2047 under Viksit Maharashtra vision.
The Andhra Pradesh High Court has cleared the dismantling of a stuck tunnel boring machine in the Veligonda irrigation project, allowing the water resources department to complete the tunnel and release Krishna waters to drought-prone districts.
The government has increased the onion procurement price by 24% to support farmers. Know the new rates and how this benefits agricultural income.
EY report says India's long-term growth story remains intact, but short-term shocks from Middle East conflict necessitate strategic changes in energy security, reserves, and trade routes.
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RecommendedThe Indian government successfully met its fiscal deficit target of 4.4% of GDP for FY26, driven by robust tax revenues and controlled expenditure, signaling fiscal consolidation.
India met its fiscal deficit target of 4.4% of GDP for 2025-26, improving from 4.8% in FY25, as per provisional CGA data. Revenue collection reached Rs 33.42 lakh crore.
India has issued a second global tender to import 70 lakh tonne of urea for the kharif season, despite international prices rising from $447 to $947 per tonne, to ensure adequate supplies amid Middle East crisis disruptions.
Indian stock markets extended losses for the fourth consecutive session on Wednesday, dragged by fresh geopolitical tensions in the Middle East and selling in banking and IT stocks.
ITAT Mumbai rules that absence of a gift deed does not automatically make property purchase an unexplained investment if the source of funds is clear, providing relief to a homemaker.
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RecommendedIndian stock markets tumbled on fresh West Asia tensions, with Sensex dropping over 500 points and Nifty falling 0.70%. Investors turned cautious amid geopolitical risks.
Japan and South Korea stock markets reached new highs, while oil prices surged amid concerns over the fragile end of the Iran war and its impact on global supply.
India's power consumption increased 11.55% year-on-year to 164.98 billion units in May 2024, driven by high temperatures and increased economic activity.
Commercial LPG cylinder prices in Lucknow increased by Rs 42 from June 1, with 19-kg cylinder now at Rs 3,236. Domestic LPG prices unchanged. Hike linked to global fuel supply concerns.
Indian equity benchmarks surged on Tuesday, with the Sensex gaining 421 points and the Nifty rising over 100 points, tracking a rally in Asian markets amid easing trade war fears.
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RecommendedThe RBI is expected to keep policy rates unchanged in its upcoming meeting despite rising inflationary pressures, as it balances growth and inflation concerns.
The Yogi Adityanath government in Uttar Pradesh has mandated rigorous third-party inspections for industrial development works, entrusting RITES Ltd with quality testing to ensure transparency and timely completion.
Fuel prices rise over Rs 7 per litre due to West Asia crisis, causing vegetable prices in Kolkata to spike by 10-12% wholesale and more at retail, affecting daily budgets.
An Air India Express flight from Bengaluru to Jaipur was delayed by nearly 10 hours due to adverse weather conditions. Passengers were offered refunds or rescheduling.
India's service trade and remittances are expected to support the current account balance in FY27, according to the RBI's annual report, with services exports and inward remittances providing a cushion.
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RecommendedDalal Street faces a busy week with RBI interest rate decision, GDP data, crude oil prices, and US-Iran tensions driving market sentiment. Investors also watch PMI data, rupee movement, and foreign flows.
India has revised export levies on petrol, diesel, and ATF from June 1, responding to the West Asia crisis. The new rates aim to balance domestic supply and global market conditions.
The Indian government has reduced special additional excise duty on exports of diesel, petrol, and aviation turbine fuel effective June 1, with SAED on petrol cut to Rs 1.5 per litre and on diesel to Rs 13.5 per litre.
The finance ministry calls for agile policy amid global challenges and weak monsoon forecasts, cautioning that inflation risks may rise due to energy and food price pressures.
Telangana irrigation minister Uttam Kumar Reddy announced that the Congress government will provide necessary funds to fast-track pending irrigation projects in drought-prone Mahabubnagar district, including Palamuru-Rangareddy lift irrigation scheme.
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RecommendedIndia's finance ministry identifies Hormuz Strait disruption as a major threat to external price stability, impacting oil imports and inflation.