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.
The Indian government is prepared to roll out additional support measures for vulnerable sectors like MSMEs if the Middle East conflict worsens, aiming to control inflation and help businesses survive.
The West Asia conflict has triggered an LPG shortage in Jamshedpur, forcing food vendors to shut shops or find alternative incomes due to extended refill cycles and black market prices.
Precious metals face a corrective phase with Middle East developments, Fed Chair Powell's speeches, and global economic data setting the tone. Domestic markets see mixed trends amid rupee weakness.
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The Indian government is considering further relief packages for vulnerable sectors should the West Asia crisis extend, as oil prices surged to $119 per barrel earlier this month before stabilizing around $100.
Union Minister Piyush Goyal highlights that India's fisheries sector provides livelihood support to approximately 9 million fishermen, emphasizing its crucial role in the economy and food security.
Vinod Khosla advocates eliminating federal income tax for Americans earning under $100,000, funded by higher capital gains taxes, to address AI-driven job displacement concerns ahead of the 2028 election.
A report by SBI Funds Management highlights that the ongoing conflict in West Asia could negatively impact India's remittance inflows, rupee stability, and fiscal balance, urging close monitoring of the situation.
Onions, tomatoes, and potatoes in Chennai retail markets have stayed under 35 per kg for nearly three weeks due to high availability and low demand, with wholesale prices as low as 12 per kg.
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India's finance ministry report warns of significant economic impact from West Asia conflict via oil, trade, and remittance channels, calling for targeted relief and long-term reforms.
A Central Electricity Authority report forecasts Andhra Pradesh's electricity demand will surge nearly 180% by 2035-36, with peak demand hitting 44,540 MW. The state's growth outpaces the national average, requiring major infrastructure upgrades and renew
The Centre's Rs 10 per litre excise duty reduction on petrol and diesel has not translated to lower retail prices in Mumbai, with oil marketing companies absorbing the benefit through depot price adjustments.
A new report warns that escalating conflict in West Asia and rising global energy prices could pose significant risks to India's economic growth trajectory and inflation management.
Russia has begun selling physical gold from its central bank reserves for the first time in 25 years to address a widening budget deficit driven by military spending and sanctions pressure.
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Despite wars, oil spikes, and inflation, gold prices have dipped. Explore why Federal Reserve policies and algorithmic trading are pressuring the safe-haven metal, with historical data showing strong rebounds.
A recent report indicates the central government might face a revenue shortfall of approximately Rs 1.1 lakh crore following excise duty reductions on petrol and diesel, impacting fiscal planning.
Bernstein report warns that escalating geopolitical conflicts could derail India's economic growth, potentially causing a setback of 3-4 years. The analysis highlights risks to trade, investment, and inflation.
Remittance inflows to India have doubled over the past 10 years, with the US, UK, Canada, and Australia contributing a growing share. The $138 billion annual flow surpasses FDI, supporting households and enhancing financial resilience.
Petrol and diesel prices remain stable in major Indian cities despite global crude surges from the US-Iran conflict. Government cuts excise duties and implements strategic reserves to shield consumers from volatility.
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The government announced plans to borrow Rs 8.2 lakh crore between April and September 2027, roughly half of the total Rs 16.2 lakh crore budget. This move aims to stabilize markets amid global uncertainties.
India's excise duty cuts and windfall tax on diesel and aviation fuel could cost the government Rs 1.3 lakh crore annually if the Middle East conflict persists, impacting fiscal stability and oil companies.
Indian rupee breaches 94 level for first time, closing at record low of 94.81 per dollar. Heavy foreign investor selloffs drive currency decline, with outflows hitting $13 billion this month.
The Indian government has reduced excise duty on petrol and diesel by Rs 10 each to shield consumers and oil companies from high crude prices, while imposing export duties on diesel and ATF to curb windfall gains.
India's unemployment rate has seen a marginal decline to 3.1% in 2025, as per the latest government survey, indicating a slight improvement in the labor market amid ongoing economic challenges.
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The Indian government is set to borrow Rs 8.20 lakh crore in the first half of the 2025-26 fiscal year, as per official announcements. This borrowing plan aims to meet expenditure needs and manage fiscal targets.
The Indian government aims to raise Rs 8.20 lakh crore through dated securities in the first half of FY27, covering 51% of its revised annual borrowing target of Rs 16.09 lakh crore to finance the fiscal deficit.
The Indian government has increased commercial LPG supply to 70% of pre-war demand, easing restrictions for hotels and restaurants amid global disruptions.
Finance Minister Nirmala Sitharaman announced the government will borrow Rs 8.20 lakh crore from the market in the first half of FY27, part of a total Rs 17.2 lakh crore borrowing plan to fund a 4.3% fiscal deficit.
Oil Minister Hardeep Singh Puri dismisses lockdown rumors as false. Government reduces excise duty on petrol and diesel by Rs 10 amid Middle East conflict disruptions.
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India's foreign exchange reserves fell by $11.413 billion to $698.346 billion in the week ended March 20, driven by a sharp drop in gold holdings, according to RBI data.
