A severe LPG shortage in Kerala has forced hotels and restaurants to close, prompting migrant workers to return home early for Ramzan and upcoming elections in West Bengal and Assam, causing a labor crisis.
India's corporate profitability is under scrutiny as crude oil price swings and supply disruptions threaten the economy, with oil and gas making up over a third of the energy mix.
A LocalCircles survey reveals 11% of Bhopal households bought domestic LPG cylinders on the black market last week due to supply chain disruptions linked to global geopolitical tensions.
Precious metal prices fell sharply on Friday, with silver tumbling 4% to Rs 2.7 lakh/kg and gold sliding to Rs 1.6 lakh/10g due to a robust US dollar and global monetary policy concerns.
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Fitch Ratings has upgraded India's GDP growth projection for fiscal year 2026 to 7.5%, citing robust economic momentum and strong domestic demand. This revision reflects confidence in India's economic resilience and policy framework amid global uncertaint
India's foreign exchange reserves fell sharply to $716.8 billion, with the RBI selling dollars to support the rupee amid Iran-Israel conflict pressures and rising oil prices.
The Indian rupee closed at 92.46 on Friday, down 27 paise, after touching a record low of 92.48. High crude prices, weekend dollar demand, and geopolitical tensions from the Iran-Israel war pressured the currency, with RBI intervention limiting losses.
Finance Minister Nirmala Sitharaman announces a Rs 1 lakh crore Economic Stabilisation Fund to tackle global headwinds from the West Asia conflict, ensuring fiscal resilience and support for key sectors like fertilizers and food security.
India faces LPG cylinder shortages due to West Asia tensions disrupting imports. Govt urges households and businesses to switch to PNG, prioritizes domestic supply.
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Hundreds of food vendors in Gurgaon are on the brink of closure due to a severe LPG supply crunch, triggered by global conflicts disrupting energy routes. Many are forced to consider returning to their hometowns as suppliers fail to deliver.
The closure of the Strait of Hormuz due to West Asia conflict is severely impacting India's crude oil and gas imports, leading to inflation and supply chain disruptions across households and industries.
Despite a sharp decline in wholesale egg prices in Karnataka due to export disruptions from the West Asia conflict, consumers in Bengaluru see no relief as retailers maintain high rates, highlighting supply chain issues.
NITI Aayog's Fiscal Health Index ranks Punjab as the most fiscally stressed major state, with Himachal Pradesh facing structural pressures, while Haryana shows moderate stability amid rising debt concerns.
India's foreign exchange reserves decreased by $11.68 billion to $716.81 billion in the week ending March 6, 2026, with gold reserves also dipping by $1.612 billion, as reported by the Reserve Bank of India.
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Amid a severe LPG shortage, villagers in Punjab and Himachal Pradesh are returning to traditional chullahs for cooking, with government approval for alternative fuels like coal and firewood easing the transition.
A severe shortage of LPG cylinders due to the Iran-US-Israel conflict is causing deaths, black marketing, restaurant closures, and widespread disruption across India, from Tamil Nadu to Punjab.
Residents across Uttarakhand face severe LPG shortages with failed online bookings and long queues. Small businesses are hit hardest, resorting to alternative cooking methods as authorities crack down on black marketing.
India's foreign exchange reserves fell sharply by $11.683 billion to $716.810 billion in the week ended March 6, reversing the previous week's surge to a record high, as per RBI data.
India faces LPG supply concerns as Iran's actions in the Strait of Hormuz disrupt energy imports, leading to long queues and government interventions to ensure domestic household supply.
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A severe cooking gas shortage in Idukki district has forced 20 hotels to shut down, disrupted funeral rites, and sparked household concerns. With 30 LPG agencies serving 3.5 lakh consumers, distribution issues threaten daily life.
Amid West Asia conflict, the Centre urges households to switch to piped natural gas and warns of strict action against LPG hoarding as bookings surge due to panic buying.
Finance Minister Nirmala Sitharaman informed Lok Sabha that total supplementary demands for grants reached Rs 4.13 lakh crore, with Rs 1.71 lakh crore being technical adjustments. She emphasized expenditure remains within budget limits, highlighting alloc
India temporarily reverts to kerosene, coal, and biomass for cooking as Middle East tensions disrupt LPG imports through Strait of Hormuz, affecting 60% of supplies.
A recent survey indicates that more than half of Indian households experienced delays in LPG cylinder deliveries last week, with some paying extra due to supply chain disruptions from the West Asia conflict.
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A severe LPG availability crisis in Delhi is devastating street vendors' livelihoods, forcing many to borrow money, use savings, or turn to expensive black market cylinders to keep their food stalls operational.
Finance Minister Nirmala Sitharaman introduced an Economic Stabilisation Fund of Rs 57,381.84 crore to protect India from external economic shocks. The Lok Sabha approved supplementary demands for grants, enabling Rs 2.01 lakh crore in additional spending
The Indian government held inter-ministerial briefings to address LPG supply concerns amid the Israel-Iran conflict. Officials reported a 30% increase in domestic LPG production and urged consumers to book cylinders online, while denying any distributor s
The US has issued a 30-day waiver for Russian oil sales and plans to release strategic reserves as the Iran-Israel conflict disrupts Middle East energy flows, pushing crude prices above $100 a barrel.
Finance Minister Nirmala Sitharaman announced the Economic Stabilisation Fund in Lok Sabha, designed as a buffer to absorb shocks from unforeseen global challenges like the West Asia crisis.
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The Indian rupee depreciated by 20 paise to close at a historic low of 92.45 against the US dollar, driven by a stronger greenback, foreign fund outflows, and domestic equity market selling.
