Rising oil prices, higher fertiliser costs and supply disruptions linked to the Iran war are beginning to cloud India’s economic outlook, with economists warning that prolonged tensions could push up inflation, slow growth and strain government finances.India, the world’s third-largest oil importer and consumer, imports about 90% of its crude oil requirements, making it among…
The government remains confident about India’s growth outlook despite rising fuel and fertiliser import costs triggered by the Middle East crisis, with official sources saying GDP momentum remains intact, domestic consumption is holding up and there is no immediate need for additional borrowing.Sources told news agency PTI the FY27 Budget had already factored in global…
In a step towards introducing market-based coal trading, the government on Tuesday notified rules for setting up coal exchanges aimed at improving price discovery, boosting transparency and modernising the country’s coal supply chain.The ministry of coal on Tuesday said the Coal Exchange Rules, 2026 have been published, creating a regulatory framework for establishing and operating…
China’s exports grew at a faster-than-predicted pace in May, supported by strong overseas demand for semiconductors, electric vehicles and other technology-related products, even as geopolitical tensions and elevated energy prices weighed on global trade.Data released by China’s customs agency on Tuesday showed exports rose 19.4 per cent year-on-year in May, up from April’s 14.1 per…
The disruption has resulted in a temporary supply bottleneck driven by logistics issues rather than a permanent reduction in oil production. (AI image) Oil prices may average at around $87 per barrel in 2026 as the reopening of Strait of Hormuz in the coming months would ease crude supplies globally, says Fitch Ratings. Global oil…
This financial year, India’s economic numbers might lose some points to the ongoing Middle East chaos. The conflict has dented consumer spending, as households are feeling the pinch of rising costs.Global analytics firm Fitch Ratings on Tuesday cut its FY27 GDP forecast for the country to 6.4% from 6.7% projected earlier. The ratings agency said…
Let’s understand what is Form 16, what does it tell the taxpayer, and where can employees get it from: (AI image) ITR filing FY 2025-26: The tax returns filing season is here and ahead of the July 31, 2026 deadline, taxpayers are compiling important documents that are needed every year to file the income tax…
Rupee began Tuesday on a stronger note, rising 20 paise against the US dollar in early trade, supported by a easing oil prices and the US dollar index, after the pause in hostilities between the United States and Iran. According to forex traders, the domestic currency opened on a stronger footing after Israel and Iran…
Oil prices eased on Tuesday after a volatile trading session, as Iran and Israel paused attacks on each other, reducing immediate concerns over disruptions to energy supplies. The pullback came after both countries said they had stopped attacking each other following an appeal from US President Donald Trump. However, Tehran warned that it would resume…
Railway officials said the nationwide catering network requires about 1,000 commercial LPG cylinders every day. (AI image) The Middle East crisis has hit the way Indian Railways prepares its meals for trains. A sharp shortage of commercial LPG cylinders has prompted the Indian Railway Catering and Tourism Corporation (IRCTC) to restart onboard meal preparation in…
