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Jaipur (Rajasthan) [India], April 7 (ANI): Union Minister Shivraj Singh Chouhan on Tuesday participated in the Regional Agriculture Conference held in Jaipur, Rajasthan. Speaking on the occasion, he said, "Regarding agriculture, the regional conference of our five states is being held today in Jaipur, the capital of Rajasthan. Ministers from all five states, Rajasthan, Madhya Pradesh, Maharashtra, Gujarat, and Goa, are present here. All senior officials from the states are here. All senior offi ...Read More >
Jaipur (Rajasthan) [India], April 7 (ANI): Union Minister Shivraj Singh Chouhan on Tuesday participated in the Regional Agriculture Conference held in Jaipur, Rajasthan. Speaking on the occasion, he said, "Regarding agriculture, the regional conference of our five states is being held today in Jaipur, the capital of Rajasthan. Ministers from all five states, Rajasthan, Madhya Pradesh, Maharashtra, Gujarat, and Goa, are present here. All senior officials from the states are here. All senior offi ...Read More >
Mumbai (Maharashtra) [India], April 7 (ANI): Ahead of the Reserve Bank of India's (RBI) Monetary Police Committee (MPC) announcement of decisions taken in its first meeting of the financial year 2026-27 on Wednesday, economists have opined that the central bank is most likely to maintain the 'status quo' on repo rates. There would, however, be several policy decisions that will be announced, addressing key macro issues, they said. Speaking exclusively to ANI, Dipti Deshpande, Principal Economi ...Read More >
New Delhi: Crude oil prices are unlikely to decline to USD 70 per barrel this year and are expected to remain in the range of USD 80-85 per barrel in 2026, according to a report by Union Bank of India. The report noted that while oil prices may moderate from current elevated levels, a sharp decline is unlikely given ongoing global uncertainties. Click here to track live developments on Iran war "We do not think oil will get back to USD 70 this year... our base case for oil price is USD 80-85 ...Read More >
New Delhi: Crude oil prices are unlikely to decline to USD 70 per barrel this year and are expected to remain in the range of USD 80-85 per barrel in 2026, according to a report by Union Bank of India. The report noted that while oil prices may moderate from current elevated levels, a sharp decline is unlikely given ongoing global uncertainties. Click here to track live developments on Iran war "We do not think oil will get back to USD 70 this year... our base case for oil price is USD 80-85 ...Read More >
Gandhi said India should be at the forefront of the global technology race but is instead being "kept in the dark" about critical issues related to data protection and usage. Leader of Opposition Rahul Gandhi on Monday raised concerns over India's data sovereignty, alleging a lack of transparency from the government on how citizens' data will be protected amid ongoing digital trade negotiations with the United States. Gandhi said India should be at the forefront of the global technology race b ...Read More >
Mumbai: India's central bank is expected to keep interest rates on hold on Wednesday as policymakers assess the fallout from the war in Iran, which threatens the South Asian economy and has battered its currency and bond markets. Instead, the focus is likely to be on calming financial markets, with assurances of readiness to support the weakening rupee and inject liquidity to keep bond yields in check, economists and traders said. Also Read: RBI may keep rates unchanged, focus on rupee stabili ...Read More >
New Delhi: Congress leader Rahul Gandhi on Monday raised concerns over India's data sovereignty and asserted that the country should be leading the global tech race, but instead it is being kept in the dark about how its data will be protected. The Leader of Opposition in the Lok Sabha said India's data belongs to its people and in the AI economy, it can be one of its biggest strengths - to build AI, grow companies, and create jobs. "So I asked the government some important questions about the ...Read More >
MUMBAI, April 6 (Reuters) - India's central bank is expected to keep interest rates on hold on Wednesday as policymakers assess the fallout from the war in Iran, which threatens the South Asian economy and has battered its currency and bond markets. Instead, the focus is likely to be on calming financial markets, with assurances of readiness to support the weakening rupee and inject liquidity to keep bond yields in check, economists and traders said. All but two of 71 economists in a March 23- ...Read More >
MUMBAI, April 6 (Reuters) - India's central bank is expected to keep interest rates on hold on Wednesday as policymakers assess the fallout from the war in Iran , which threatens the South Asian economy and has battered its currency and bond markets. Instead, the focus is likely to be on calming financial markets, with assurances of readiness to support the weakening rupee and inject liquidity to keep bond yields in check, economists and traders said. All but two of 71 economists in a March 23 ...Read More >
New Delhi, Apr 6 (PTI) Congress leader Rahul Gandhi on Monday raised concerns over India's data sovereignty and asserted that the country should be leading the global tech race, but instead it is being kept in the dark about how its data will be protected. The Leader of Opposition in the Lok Sabha said India's data belongs to its people and in the AI economy, it can be one of its biggest strengths - to build AI, grow companies, and create jobs. "So I asked the government some important questio ...Read More >
New Delhi: Moody's Ratings has slashed India's economic growth estimates for the current fiscal to 6 per cent from 6.8 per cent earlier, saying the ongoing conflict in West Asia will moderate growth momentum and raise inflation risks. In its credit opinion report on India, Moody's said prolonged disruptions, particularly LPG shipments due to the conflict, would lead to near-term household shortages, higher fuel and transport costs, and spillovers to food inflation through India's reliance on imp ...Read More >
The Indian Premier League (IPL) has evolved into a multi-billion-dollar economic engine, contributing significantly to India's economy and redefining the business of sport, according to a recent report by Kotak Mutual Fund. The report noted that the IPL ecosystem is currently valued at around USD 18 billion as of FY25, placing it among the world's leading sporting leagues. Remarkably, a tournament spanning just two months now generates economic value comparable to India's entire sports industry, ...Read More >
New Delhi, Apr 4 (PTI) Veteran industrialist Venu Srinivasan, a trustee on Tata Trusts, has resigned from the Bai Hirabai Jamsetji Tata Navsari Charitable Institution, according to sources. Although he cited other business commitments for his resignation from one of the smaller trusts in the Tata Trusts, the development followed a challenge from Mehli Mistry, a former trustee of the Tata Trusts. Comments from Srinivasan and Tata Trusts could not be obtained immediately. Mistry had challenged ...Read More >
New Delhi: In a significant move, the India-flagged LPG tanker Green Sanvi successfully transited the Strait of Hormuz on Friday evening. The vessel is the seventh Indian gas carrier to navigate the volatile waterway since a major conflict erupted in West Asia in late February 2026, which has paralysed global shipping in the region. The Green Sanvi, a Very Large Gas Carrier (VLGC) owned by MOL India, is reportedly carrying approximately 46,655 metric tonnes of Liquefied Petroleum Gas. It is ex ...Read More >
JAMMU, Apr 3: Jammu and Kashmir's Gross State Domestic Product (GSDP) growth moderated to 11.18 per cent in 2024-25, down from 12.51 per cent in the previous financial year, though it has remained in the 11-12 per cent range over the past four fiscals, according to the Comptroller and Auditor General (CAG). Follow the Daily Excelsior channel on WhatsApp The CAG report on Union Territory Finances for the year 2024-25 was tabled in the legislative Assembly by the Chief Minister Omar Abdullah on ...Read More >
Jammu: Jammu and Kashmir's Gross State Domestic Product (GSDP) growth moderated to 11.18 percent in 2024-25, down from 12.51 percent in the previous financial year, though it has remained in the 11-12 percent range over the past four fiscals, according to the Comptroller and Auditor General (CAG). The CAG report on Union Territory Finances for the year 2024-25 was tabled in the legislative Assembly by the Chief Minister Omar Abdullah on Thursday, also showing that Jammu and Kashmir's share in I ...Read More >
Jammu, Apr 3 (PTI) Jammu and Kashmir's Gross State Domestic Product (GSDP) growth moderated to 11.18 per cent in 2024-25, down from 12.51 per cent in the previous financial year, though it has remained in the 11-12 per cent range over the past four fiscals, according to the Comptroller and Auditor General (CAG). The CAG report on Union Territory Finances for the year 2024-25 was tabled in the legislative Assembly by the Chief Minister Omar Abdullah on Thursday, also showing that Jammu and Kashm ...Read More >
New Delhi: Foreign Secretary Vikram Misri on Thursday represented India at a high-level international meeting convened by the UK Foreign Secretary to address the escalating situation in West Asia, particularly disruptions affecting critical maritime routes like the Strait of Hormuz. The virtual gathering brought together representatives from more than 60 countries to discuss the regional crisis, which has raised serious concerns over global energy supplies and maritime security. India, a major ...Read More >
New Delhi [India], April 2 (ANI): Crude oil prices could rise to USD 150 per barrel in an extreme scenario if the ongoing geopolitical tensions persist, potentially prompting global intervention, according to Vandana Bharti, Research Head - Commodity, SMC Global Securities. "After USD 130, USD 150, I think many political alliance, they will come forward and they will stop it... USD 150 is itself a very alarming situation and many things are happening... otherwise, it will be a mayhem," Bharti t ...Read More >
New Delhi [India], April 2 (ANI): Crude oil prices could rise to USD 150 per barrel in an extreme scenario if the ongoing geopolitical tensions persist, potentially prompting global intervention, according to Vandana Bharti, Research Head - Commodity, SMC Global Securities. "After USD 130, USD 150, I think many political alliance, they will come forward and they will stop it... USD 150 is itself a very alarming situation and many things are happening... otherwise, it will be a mayhem," Bharti t ...Read More >
Mumbai: India's economic growth could slow and inflation may rise if crude oil prices remain elevated amid the ongoing West Asia conflict, according to a report by CareEdge Ratings. The report highlighted that if crude oil prices average around USD 100 per barrel, India's GDP growth for FY27 could decline to 6.5 per cent. At the same time, inflation is expected to rise above 5 per cent, reflecting the impact of higher energy costs on the economy. Also Read: India's economy shows early strain; ...Read More >
Mumbai (Maharashtra) [India], April 2 (ANI): India's economic growth could slow and inflation may rise if crude oil prices remain elevated amid the ongoing West Asia conflict, according to a report by CareEdge Ratings. The report highlighted that if crude oil prices average around USD 100 per barrel, India's GDP growth for FY27 could decline to 6.5 per cent. At the same time, inflation is expected to rise above 5 per cent, reflecting the impact of higher energy costs on the economy. Also Read ...Read More >
New Delhi: Unified Payments Interface (UPI) recorded 22.64 billion transactions in March 2026, reflecting continued growth in digital payments across the country, the Department of Financial Services (DFS) said on Wednesday. In a post on X, the department said, "UPI achieves 22.64 Bn transaction count in March'26! Thank you, India, for embracing digital payments and driving this revolution forward." Also Read: India's economy puts up brave front as GST, auto sales and UPI payments surge despit ...Read More >
Bengaluru: India's manufacturing sector grew at its slowest pace in nearly four years in March as the war in the Middle East stoked uncertainty, disrupted supply chains and dented demand, while higher oil prices drove up input costs, a private survey showed. Here are the key details: * The HSBC India Manufacturing Purchasing Managers' Index (PMI), compiled by S&P Global, fell to 53.9 in March from 56.9 in February, broadly in line with a preliminary estimate of 53.8. * New orders - a key ga ...Read More >
Will the RBI hike rate as crude crosses $100 and the rupee weakens -- or hold steady to protect growth? The Reserve Bank of India will hold its first monetary policy meeting of FY27 from April 6 to April 8. The meeting comes at a time when India is grappling with global uncertainties, including escalation in tension in the Middle East, crude prices surging and the rupee at all-time low. Crude prices above $100 per barrel have led to a sharp spike in LPG prices. Supply disruptions in the Strait ...Read More >
In the fiscal year 2025-26 that ended on Tuesday, the state government's own internal resources through revenue collection from major departments looked positive with an estimated collection of ₹56,000 crore as against the target of ₹59,520 crore for the current FY, officials in the state finance department said. The highest collection is from commercial taxes department, which has achieved a growth of 9.20% in state GST collection in FY 25-26 from last year FY 24-25. The total revenue colle ...Read More >
New Delhi: High-frequency indicators released at the end of the fiscal year signalled that India's economy has stayed resilient despite disruptions stemming from the Gulf war. Goods and services tax collections grew 8.8% year-on-year in March, while domestic passenger vehicle sales recorded a strong 16.3% increase. Power consumption rose 1.8% to 149.56 billion units during the month and railway freight loading climbed 3.4% to 166.2 million tonnes. Digital payments also remained robust, with UP ...Read More >
New Delhi, April 1 (SocialNews.XYZ) Prime Minister Narendra Modi, on Wednesday, chaired a special meeting of the Cabinet Committee on Security (CCS) at his residence to review the impact of the on-going West Asia conflict and assess measures to protect India's economy, energy security, and citizens from its ripple effects. This was the second such high-level review meeting since the conflict erupted on February 28, 2026. The meeting focused on ensuring uninterrupted supply of essential commodi ...Read More >
New Delhi [India], April 1 (ANI): The credit profile of Indian companies remained resilient in 2025-26 despite a challenging global environment marked by tariff-related disruptions and heightened geopolitical tensions, according to a report by ICRA. The report noted that timely policy interventions by the Government of India, aimed at supporting domestic consumption and sustaining infrastructure investment, helped anchor credit quality and mitigate external headwinds during the year. It stated ...Read More >
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