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NEW DELHI, April 9 (Reuters) - India's expected economic growth of 6.6% for fiscal 2027 could face significant risks as the Iran war fans inflation worries, but ample foreign exchange buffers and a well-capitalised banking system could help mitigate some of it, the World Bank said. Doubts lingered over a fragile two-week Middle East ceasefire, raising concerns that energy flows through the crucial Strait of Hormuz will remain restricted. India, which imports about 90% of its oil, is among econo ...Read More >
NEW DELHI: India's expected economic growth of 6.6% for fiscal 2027 could face significant risks as the Iran war fans inflation worries, but ample foreign exchange buffers and a well-capitalised banking system could help mitigate some of it, the World Bank said. Doubts lingered over a fragile two-week Middle East ceasefire, raising concerns that energy flows through the crucial Strait of Hormuz will remain restricted. India, which imports about 90% of its oil, is among economies most exposed to ...Read More >
New Delhi [India], April 9 (ANI): A Public Interest Litigation (PIL) has been filed before the Supreme Court seeking directions to restrict the issuance of Aadhaar cards only to children up to the age of six years and to frame stringent guidelines for adolescents and adults, alleging that the present system enables illegal infiltrators to obtain Aadhaar and pass off as Indian citizens. The petition has been filed by advocate and social activist Ashwini Kumar Upadhyay through Advocate-on-Record ...Read More >
Ludhiana, Apr 9 (PTI) The country's merchandise exports are expected to register a fall of 2-3 per cent in 2025-26 due to global economic uncertainties, aggravated by the West Asia crisis, according to FIEO. Federation of Indian Export Organisations (FIEO) President S C Ralhan said that the crisis may have led to a decline in shipments by 7-8 per cent in March. The joint attack launched by the US and Israel on Iran on February 28 severely disrupted the country's exports to West Asia, pushed up ...Read More >
New Delhi [India], April 9 (ANI): India's power sector is witnessing a rise in demand and a strong shift towards renewable energy, led by solar installations, even as solar manufacturing companies may face near-term margin pressure due to rising costs and competition, according to a report by YES Securities. The report noted that India's energy mix is gradually transitioning towards renewables, with solar emerging as the key driver of capacity additions. "India's power sector continues to tran ...Read More >
New Delhi, Apr 9 (PTI) The World Bank has marginally raised India's growth projections for 2026-27 fiscal to 6.6 per cent and said that although GST rate cuts would boost consumer demands in the initial months of the fiscal, headwinds arising from the Middle East crisis could dent growth. The FY27 projection compares with estimates of 6.9 per cent by the RBI, 6.1 per cent by the OECD, and 6 per cent by Moody's Ratings. In its South Asia Economic Update report released on Wednesday, the World B ...Read More >
Amid concerns of a possible increase in fertilizer prices on account of the situation in West Asia, the Union Cabinet here on Monday approved an increase of about 12% in nutrient-based subsidy for Phosphatic and Potassic (P&K) fertilizers for the ongoing kharif crop season. Effective April 1 and up to September 30 this year, the tentative budgetary requirement for the subsidy will be ₹ 41,533.81 crore. "This is approximately ₹4,317 crore more than the budgetary requirement for kharif 2025 sea ...Read More >
Moody's Ratings has slashed India's economic growth estimates for the current fiscal to 6% from 6.8% 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 imported fertilisers. Moody' ...Read More >
Cabinet approves revised Rs 79,459 crore cost for HPCL Rajasthan refinery, boosting petrochemical output and supporting energy security and import substitution The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, on Wednesday approved the revision of HPCL Rajasthan Refinery Ltd (HRRL) project cost from ₹43,129 crore to ₹79,459 crore and additional equity investment of ₹8,962 crore by Hindustan Petroleum Corporation (HPCL). The total equity investment ...Read More >
New Delhi: The Union cabinet on Wednesday approved nutrient-based subsidy (NBS) rates for phosphatic and potassic (P&K) fertilisers for the upcoming kharif 2026 season, allocating Rs 41,534 crore to support farmers. The allocation is higher than the Rs 37,216 crore earmarked for kharif 2025, reflecting increased global prices of key inputs such as urea, DAP, MOP and sulphur, the government said in a statement. Also Read: Key fertiliser buyer India issues tender as war hits supply The approved ...Read More >
New Delhi, Apr 8 (PTI) The World Bank on Wednesday marginally raised India's growth projections for the 2026-27 fiscal to 6.6 per cent and said although GST rate cuts would boost consumer demands in the initial months of the fiscal, but headwinds from the Middle-East crisis could dent growth. The FY'27 projection compares with 6.9 per cent estimated by the Reserve Bank of India (RBI), 6.1 per cent by the OECD and 6 per cent by Moody's Ratings. In its South Asia Economic Update report, the Worl ...Read More >
New Delhi [India], April 8 (ANI): The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, has approved investment proposals worth over Rs 40,000 crore for two major hydroelectric projects in Arunachal Pradesh aimed at boosting power generation and strengthening the national grid. According to the Cabinet briefing by Union Minister Ashwini Vaishnaw, the Cabinet approved an investment of Rs 14,105.83 crore for the construction of the 1200 MW Kalai-II Hydro Elect ...Read More >
New Delhi [India], April 8 (ANI): The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, has approved investment proposals worth over Rs 40,000 crore for two major hydroelectric projects in Arunachal Pradesh aimed at boosting power generation and strengthening the national grid. According to the Cabinet briefing by Union Minister Ashwini Vaishnaw, the Cabinet approved an investment of Rs 14,105.83 crore for the construction of the 1200 MW Kalai-II Hydro Elect ...Read More >
NEW DELHI: The Union Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday approved a series of decisions with a combined financial implication of over Rs 1.74 lakh crore, including an increase in Nutrient Based Subsidy (NBS) on fertiliser rates for the Kharif season by Rs 4,317 crore. The cabinet also approved two Hydroelectric projects in Arunachal Pradesh worth Rs 40,000 crore, the second phase of Jaipur Metro (42 Kms) with an outlay of Rs 13,000 crore and an upward cost revision to ...Read More >
New Delhi: The government announced on Wednesday that, based on available inventory and scheduled LNG cargo arrivals, the overall gas allocation to fertiliser plants is being further enhanced by 5 per cent to reach approximately 95 per cent of their six-month average consumption, with effect from April 9. The announcement comes in the wake of the ceasefire between the US and Israel, which is expected to open up the Strait of Hormuz for ships stranded in the Persian Gulf to sail through with the ...Read More >
New Delhi [India], April 8 (ANI): The Reserve Bank of India's decision to keep the repo rate unchanged in the latest Monetary Policy Committee (MPC) meeting was appropriate, Vivek Iyer, Partner and Leader Financial Services, Grant Thornton Bharat, has said, noting that any change in rates at this stage could have adversely impacted demand and financial stability. Also Read | Assembly Elections 2026: How To Check Name in Voter List and Download Voter Slip Online? Know Everything Ahead of Vidhan ...Read More >
New Delhi, Apr 8 (PTI) Prime Minister Narendra Modi on Wednesday hailed the Union Cabinet's approval of Phase-2 of the Jaipur Metro as a significant boost to urban mobility, while also commending the nod to two hydroelectric projects in Arunachal Pradesh and the increased subsidy for phosphate and potash fertilisers. In a series of posts on X, the prime minister said the cabinet's approval for Jaipur Metro Phase-2 is a significant step towards sustainable urban growth. "Jaipur is set for a maj ...Read More >
Nashik: Farmers are facing growing financial stress as fertiliser prices have increased from April 1, adding to their production costs. The recent hike of around ₹125 to ₹300 per bag has made farming more expensive at a time when many are already struggling. Bhaskarrao Bhagare has raised the issue with the Central Government and written to J P Nadda, seeking urgent action. In his letter, Bhagare said that the price rise in commonly used fertilisers like 10:26:26, 12:32:16, and 20:20:0:13 is di ...Read More >
New Delhi: The Union Cabinet, chaired by Prime Minister Narendra Modi Wednesday approved the proposal of the Department of Fertilisers for fixing the Nutrient Based Subsidy (NBS) rates worth Rs 41,534 crore for KHARIF Season, 2026 on Phosphatic and Potassic (P&K) fertilisers. The Kharif season stretches from April 1, 2026 to September 30, 2026. Speaking at the cabinet briefing, Union Minister Ashwini Vaishnaw said that under the Nutrient Based Subsidy (NBS) scheme for our 'Annadatas' and farmer ...Read More >
New Delhi [India], April 8 (ANI): The Union Cabinet, chaired by Prime Minister Narendra Modi, today has approved the proposal of the Department of Fertilisers for fixing the Nutrient Based Subsidy (NBS) rates for KHARIF Season, 2026 (from April 1, 2026 to September 30, 2026) on Phosphatic and Potassic (P&K) fertilisers. Speaking at the cabinet briefing, Union Minister Ashwini Vaishnaw said, "Under the Nutrient Based Subsidy (NBS) scheme for our 'Annadatas' and farmer brothers, a complete subsid ...Read More >
As Puducherry heads for Assembly polls on April 9, the battle for its 30 seats is increasingly being shaped by competitive populism, with all three major players -- the ruling All-India NR Congress (AINRC)-led NDA, the Congress alliance, and actor Vijay's Tamilaga Vettri Kazhagam -- rolling out expansive welfare promises in a high-stakes triangular contest. At the forefront is the ruling AINRC alliance, though only the BJP among the constituents has unveiled a manifesto packed with voter-focuse ...Read More >
Government faces higher subsidy costs due to rising oil prices India sees no immediate risks to its fiscal deficit target for the financial year that began on April 1, and will continue to prioritise capital spending, two government sources said, as New Delhi assesses the fallout from the Middle East crisis. Officials are considering austerity measures, including spending curbs in ministries with limited capacity to use allocated funds, but are keen to continue spending on roads, railways and ...Read More >
NEW DELHI: India sees no immediate risks to its fiscal deficit target for the financial year that began on April 1, and will continue to prioritize capital spending, two government sources said, as New Delhi assesses the fallout from the Middle East crisis. Officials are considering austerity measures, including spending curbs in ministries with limited capacity to use allocated funds, but are keen to continue spending on roads, railways and airports, which the government sees as critical to su ...Read More >
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. A 33-day dry spell for solo Bitcoin miners ended last week when one small operator cracked a block that, statistically, should not have been cracked for decades. The winning miner earned 3.139 BTC -- worth roughly $210,000 -- after successfully validating block 943,411 on April 3. The payout included the standard 3.125 BTC block subsidy and approximately 0.014 BTC in transaction ...Read More >
PwC India's Ranen Banerjee warns the government faces fiscal pressure if rising crude oil prices aren't passed to consumers. He says holding pump prices is unsustainable and could hit the fiscal deficit or force cuts in capital expenditure.Fiscal Pressure and Difficult Choices The government may face increasing fiscal pressure if rising global crude oil prices are not passed on to consumers, with the potential for a significant impact on the fiscal deficit, said Ranen Banerjee, Partner and Econ ...Read More >
New Delhi [India], April 7 (ANI): The government may face increasing fiscal pressure if rising global crude oil prices are not passed on to consumers, with the potential for a significant impact on the fiscal deficit, said Ranen Banerjee, Partner and Economic Advisory Leader at PwC India. Also Read | Powerball Winning Numbers for Monday, April 6, 2026: Who Won the USD 231 Million Powerball Jackpot?. Speaking to ANI, Banerjee said that the current strategy of holding pump prices despite rising ...Read More >
Chandigarh, Apr 7 (PTI) Indian National Lok Dal patron Sampat Singh on Tuesday lashed out at the BJP government in Haryana alleging gross fiscal management by the present dispensation. Singh, a former Haryana finance minister, alleged gross fiscal mismanagement by the Nayab Singh Saini government and betrayal of the trust of the people of the state. "The BJP says one thing and does another. The government is merely engaging in event management," he said. "During his budget speech on March 2, ...Read More >
NEW DELHI, April 7 (Reuters) - India sees no immediate risks to its fiscal deficit target for the financial year that began on April 1, and will continue to prioritise capital spending, two government sources said, as New Delhi assesses the fallout from the Middle East crisis. Officials are considering austerity measures, including spending curbs in ministries with limited capacity to use allocated funds, but are keen to continue spending on roads, railways and airports, which the government se ...Read More >
New Delhi, April 7 (SocialNews.XYZ) Global geopolitical tensions are beginning to weigh on India's economic outlook, but the country is still expected to maintain steady growth as GDP growth expected at 6.2 per cent for FY2027, a report said on Tuesday. The data compiled by Morgan Stanley projected India's growth, even as rising energy costs, supply disruptions, and external pressures pose fresh challenges. However, it is lower than earlier estimates of 6.5 per cent, the report stated. The dow ...Read More >
New Delhi [India], April 7 (ANI): India's digital payment infrastructure has entered a phase of deep structural maturity, with the Unified Payments Interface (UPI) now firmly at the core of the country's retail payments architecture, according to a new report by CareEdge. The report noted, "digital payments now account for 93 per cent of payment value and 99.8 per cent of transaction volume as of 9MFY26." Also Read | Bhavna Bhargava Honey Trap Case: Ex-Serviceman Lured, Threatened With False R ...Read More >
Stay updated with the latest None news, articles, and insights from trusted sources. Explore in-depth coverage and expert analysis on None topics.