IRTSA Proposes Different Fitment Factors for Railway Staff
IRTSA has proposed a separate fitment factor structure for railway employees under the 8th Pay Commission, ranging from 2.92 to 4.38, to better compensate technical and safety staff.
Category : Economy
Air India to Cut 22% Domestic Flights Over ATF Prices
Air India announces 22% reduction in domestic flights due to skyrocketing ATF prices. The airline cites unsustainable operational costs as the primary reason for the cutback.
Goldman Sachs Hikes S&P 500 Forecast to 8000 on Earnings
Goldman Sachs raised its S&P 500 year-end target to 8000, citing robust corporate earnings and economic resilience, up from 6500. The revised forecast reflects optimism in tech and AI sectors.
Indian Travellers Opt for Offbeat Domestic Destinations Globally
Amid global uncertainty and rising costs, Indian travellers are increasingly exploring offbeat domestic destinations, boosting local tourism and economy.
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Oil Prices Elevated as Markets Eye US-Iran Ceasefire
Oil prices remained elevated on Wednesday as markets watched for signals on the US-Iran ceasefire. Brent crude traded near $95.39, while US crude fell. Asian shares rose, with Japan's Nikkei hitting a record high.
Panic Fuel Buying Sweeps Maharashtra: Sales Surge Up to 154%
Panic buying of fuel in Maharashtra led to a 52% spike in diesel and 23% in petrol sales on May 23, with Akola seeing a 154% rise. Officials assure no shortage, warn against hoarding.
Fuel Price Surge in Odisha Raises Concerns of Inflation
Fuel prices in Odisha have risen for the fourth time in 10 days, with diesel crossing Rs 100 per litre. Traders warn of potential price hikes in vegetables and groceries as transportation costs increase.
AP Plans Major Liquor Policy Reforms to Boost Revenue
Andhra Pradesh government plans major liquor policy reforms, including price revisions, retail restructuring, and technology integration to boost revenue and modernize excise administration.
India crude processing falls in April amid Middle East disruptions
India's crude oil processing dropped 8.9% in April from March due to Middle East supply disruptions and refinery maintenance. Throughput fell to 21.39 million tonnes, with refiners turning to Latin America and Africa for crude.
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Don't Panic: Economy Not Like 1991 or 2013
Economists reassure that India's current economic challenges are not as severe as the 1991 crisis or 2013 taper tantrum, with strong fundamentals and policy buffers in place.
US-Iran War Fallout: Fuel Price Hikes Hit India's Economy
Three months after US-Iran war, India faces fuel price hikes impacting inflation, growth, and fiscal deficit. Experts analyze RBI's rate decision and economic resilience.
Rs 25 Lakh Package: India's New Middle Class Struggles
India's new middle class earns more than ever but faces rising rents, housing costs, job insecurity due to AI, and social media pressure, reshaping financial success.
Rising Petrol Prices Shift Indians to Public Transport Survey
A new survey reveals rising petrol prices are driving Indians away from personal vehicles, with 60% considering switching to public transport. The shift has major implications for urban mobility and policy.
FPI Flows to India Likely Subdued as Appeal Wanes: Kotak
Foreign portfolio investment flows into India are expected to remain subdued as the country loses its relative appeal compared to other emerging markets, according to a Kotak report.
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India Emerges as APAC Hub for AI and Energy Security
A Colliers report highlights India's emergence as a key Asia-Pacific growth hub for AI talent and energy security, driven by policy support and infrastructure investments.
CNG Price Hiked by Rs 2/kg in Delhi, Fourth Increase in 15 Days
CNG prices in Delhi increased by Rs 2 per kg, the fourth hike in under 15 days. Petrol and diesel also rose, with petrol crossing Rs 100 per litre. The hikes are due to global crude volatility and West Asia tensions.
Sitharaman Flags Fuel, Fertiliser, Gold Imports Challenges
Finance Minister Nirmala Sitharaman highlighted that imports of fuel, fertiliser, and gold are creating external challenges for India amid the West Asia conflict, urging a focus on the three 'Fs'.
FM: Indian economy robust despite West Asia conflict challenges
Finance Minister Nirmala Sitharaman said the Indian economy remains robust amid West Asia conflict, but rising prices of fuel, fertiliser, and forex pose challenges. She highlighted calibrated policy responses and government support for MSMEs and exporter
Time to Stop Slipping on Oil
India must reduce its dependence on imported oil to achieve energy security. The article discusses strategies like boosting domestic production, adopting renewables, and enhancing energy efficiency.
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UP Power Demand Hits Record 31,824 MW, Doubles in 15 Years
Uttar Pradesh's electricity demand has more than doubled over 15 years, reaching a record 31,824 MW in May 2026. Thermal power remains the backbone, with solar and hydro contributing. The BJP government accelerated procurement, with 62% of tie-ups in last
RBI's Rupee Defence Strategy Carries Hidden Risks for Economy
The RBI's intervention to defend the rupee may lead to reduced foreign reserves and inflationary pressures, posing risks to India's economic stability.
India Has 78 Days of Crude Stock, No LPG Shortage: Panel Told
Petroleum ministry assured a parliamentary panel of 78 days of crude stock and no LPG shortage amid concerns over long queues at fuel stations. The panel also discussed the impact of the West Asia crisis on maritime trade and stranded ships.
Fuel Price Hike Disrupts Household Budgets
Rising fuel prices in Delhi strain household budgets, forcing families to cut spending on essentials and adjust daily routines.
Fuel Price Hikes in Patna Trigger Inflation Fears
Petrol and diesel prices in Patna have been hiked for the fourth time in 12 days, pushing fuel rates to new highs and raising fears of cascading hikes in essential commodities and transport services.
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Kerala Regulator Proposes Dynamic Power Pricing for Homes
KSERC recommends dynamic electricity pricing for all domestic consumers in Kerala, potentially ending the benefit of swapping cheap solar power for costly night power.
Tripura Govt Adopts Five-Day Work Week for State Offices
Tripura government introduces a five-day work week for state offices, with Saturdays and Sundays as holidays, effective immediately to cut costs amid rising fuel prices.
Fuel Prices Surge Across India, Petrol Crosses Rs 105
Fuel prices have risen sharply across India, with petrol crossing Rs 100 in Guwahati. In two weeks since May 14, petrol and diesel prices increased by Rs 7.59 and Rs 7.85 per litre respectively.
Yamuna Water Level Drop Disrupts Delhi Water Supply
A drop in Yamuna water level at Wazirabad during peak summer has disrupted operations at two Delhi Jal Board water treatment plants, affecting supply in several parts of the capital.
Bus fares may rise in Karnataka as diesel price hike adds Rs 480 crore burden
Karnataka state-run bus corporations face Rs 480 crore annual burden due to diesel price hikes. Officials hint at fare revision if trend continues. Cumulative liabilities exceed Rs 7,130 crore.
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India Mulls Standard Pack Sizes for Edible Oils
The Indian government is exploring standard pack sizes for edible oils to prevent consumer confusion and ensure fair trade practices across the industry.
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