Farmers, truckers hit by diesel shortage in Gujarat
Despite government claims of no fuel shortage, farmers and heavy vehicle drivers across Gujarat face severe diesel scarcity, leading to protests, road blockades, and clashes at petrol pumps.
Category : Economy
Goyal on Rupee, CAD, and US-India Trade Deal
Union Minister Piyush Goyal addressed concerns on rupee decline, widening current account deficit, and shared updates on the proposed US-India trade deal, expressing confidence in navigating global challenges.
War, Monsoon Risks to Hit FMCG Volume Growth
FMCG volume growth may drop to 3-4% due to energy volatility, food inflation risks, and below-normal monsoon, says Worldpanel by Numerator, as consumer spending tightens.
Renewables Need 700k Acres for 2030 Goal
India's renewable energy sector requires 700,000 acres of land to achieve its 2030 target of 500 GW capacity, according to a new report highlighting land use challenges.
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Railway Suppliers Seek Uniform Relief After Force Majeure
Railway suppliers have sought additional guidelines from the Union finance minister to ensure uniform relief after the Force Majeure clause was invoked due to the West Asian war.
Telangana RERA Chairman Resigns Due to Health Problems
Telangana RERA chairman N Satyanarayana resigned nearly two years before his term ended, citing health issues. The state government is expected to appoint a new chairman via a search committee.
Nashik-Mumbai Highway Expansion Triggers Gridlock
Ongoing six-laning project on Mumbai-Agra highway creates bottlenecks, doubling travel time. Commuters fear monsoon will worsen conditions. NHAI expects completion by 2027.
Noida Power Demand Surges to 2,609 MW as Temperatures Soar
Noida and Greater Noida see major spike in power demand with temperatures touching 44°C. Noida's consumption rose to 2,609 MW, while Greater Noida reached 852 MW. Officials expect peak demand to cross 3,000 MW in July-August.
NTPC's Rs 30,000 Crore Expansion to Boost Nabinagar Power Plant
NTPC is investing Rs 30,000 crore to add 2,400 MW capacity at Nabinagar in Aurangabad, making it eastern India's largest thermal power station, boosting Bihar's power supply and local economy with thousands of jobs.
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Two Killed, Four Injured in Road Accident Near Adoni
Two persons died and four were injured in a road accident near Siriguppa road junction in Adoni, Kurnool district. A speeding SUV hit a bike, killing two on the spot. Police are investigating.
Mango Flyover Delay: Now Expected by August in Jamshedpur
The Mango flyover project in Jamshedpur, delayed from March to June, is now expected to be functional by August due to time-consuming girder work near Payal Cinema.
Kerala Milk Prices to Rise by Rs 4 Per Litre from June 1
Milma approves Rs 4/litre milk price hike from June 1, citing rising costs. Farmers to get Rs 3.35 of the increase, benefiting dairy producers.
UN Cuts India's 2026 GDP Forecast to 6.4%
The UN has revised India's GDP growth forecast for 2026 down to 6.4%, yet the country remains one of the fastest-growing major economies globally.
UDAN 2.0: 100 New Airports for India Soon
Civil Aviation Minister K. Rammohan Naidu announced UDAN 2.0, aiming to establish 100 new airports across India to enhance regional connectivity and boost economic growth.
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Rating Agencies Cut India's GDP Growth Forecasts Again
ICRA and India Ratings have revised India's GDP growth estimates downward due to West Asia tensions, high crude prices, and potential El Nino impact, with FY27 growth seen at 6.7%.
Gadkari Reviews 6-Lane DND-Faridabad-Sohna Highway
Union Minister Nitin Gadkari inspected the 6-lane DND-Faridabad-Sohna highway project, aimed at decongesting Delhi-NCR. The project includes a 4.6 km elevated corridor and a 5.2 km tunnel, with completion expected by 2025.
Fuel Price Hike Sparks Political Row in Pune, Opposition Slams Centre
Petrol and diesel prices were hiked by nearly 90 paise on Monday, the second hike in a week. Opposition parties criticize the Centre for failing to control inflation and warn of statewide agitation.
Fuel Prices Surge Again in Tricity: Up Rs 4/Litre in 5 Days
For the second time in five days, petrol and diesel prices have increased in Chandigarh, Mohali, and Panchkula, with cumulative hikes up to Rs 4 per litre. CNG prices also rose.
Fuel price hike in Mumbai pushes up food costs, budgets
With petrol at Rs 107.59/litre and diesel at Rs 94.08, Mumbai sees a Rs 4/litre cumulative hike in four days, impacting transport and essential goods prices.
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India's Inflation Puzzle: Fuel Price Impact
India faces a complex inflation scenario with fuel prices playing a key role. This article analyzes the dynamics and potential outcomes for the economy.
India Faces Live Balance of Payments Stress Test
India's economy is under severe pressure from elevated commodity prices, FPI outflows, and a depreciating rupee, leading to a 'live balance of payments stress test' as warned by the CEA.
India FY27 Growth Seen at 6-7%, CAD at 2.1% of GDP: Economists
Economists project India's FY27 GDP growth at 6-7% amid widening West Asia crisis, with current account deficit expected to reach 2.1% of GDP, impacting trade and investment.
ICRA Cuts India's FY27 Growth Forecast to 6.2% on Oil Surge
ICRA has lowered India's GDP growth forecast for FY27 to 6.2% due to rising oil prices amid the West Asia crisis. For FY26, growth is estimated at 7.5%.
US-Israel-Iran Conflict Costs Global Firms $25 Billion
The US-Israeli war with Iran has caused at least $25 billion in losses for global companies due to rising oil prices, disrupted trade routes, and higher operating costs.
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Emkay Bullish on Indian Equities, Nifty 29K by 2027
Emkay Global Financial Services maintains a bullish stance on Indian equities, projecting the Nifty 50 to reach 29,000 by 2027, driven by strong economic fundamentals and corporate earnings.
Rupee Hits Record Low of 96.47 Against US Dollar
The Indian rupee fell to an all-time low of 96.47 against the US dollar during intraday trade on Friday, driven by strong dollar demand and risk aversion.
Fuel Price Hike: Rs 3.9 Cannot Mask Modi Govt's Mismanagement
The recent fuel price hike of Rs 3.9 per litre is insufficient to cover the Modi government's gross mismanagement of the energy sector, leading to long-term economic consequences.
India's Oil Imports Push Trade Deficit Into Dangerous Zone: CRISIL
CRISIL warns that India's surging oil imports are widening the trade deficit, posing risks to economic stability. The deficit may exceed $300 billion in FY24 if crude prices remain high.
Fuel Prices Hiked by 90 Paise Per Litre Across India
Petrol and diesel prices in India have increased by around 90 paise per litre, the second hike in a week, driven by rising global crude oil prices due to West Asia tensions.
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Sensex Rises 126 Points, Nifty Above 23,650 on Oil Drop
Indian stock markets opened higher on Tuesday with Sensex up 126 points and Nifty above 23,650, driven by cooling crude oil prices and positive global cues.
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