Five major central banks—the US Federal Reserve, the European Central Bank, the Bank of England, the Reserve Bank of Australia, and the Bank of Japan—met this week to deliver their…
Category: Economy
Modi reviews fuel, fertilizer supplies amid escalating West Asia conflict
New Delhi: Prime Minister Narendra Modi on Sunday chaired a Cabinet Committee on Security (CCS) meeting to review and ensure the availability of critical resources such as food, energy and…
India to auction 19 critical mineral blocks amid supply concerns
NEW DELHI: The government will launch the auction of critical and strategic mineral blocks on Monday, as it aims to safeguard key sectors such as clean energy and defence from…
Govt codifies fabric, stitching, and colour standards for shirts, trousers
New Delhi: From the everyday shirts and pants worn by millions, the government has introduced a new set of quality norms to bring long-overdue uniformity to a segment that has…
Buying property in South Mumbai? Middle East conflict could make it costlier — here’s how
Escalating Middle East tensions have begun to spill over into India’s real estate sector, as disruptions in the choke a key global trade route, pushing up material costs, and threatening…
The week in charts: Iran war impact, US Fed decision, HDFC Bank crisis
From India doubling down on fertilizer imports from non-West Asia sources to the US Federal Reserve decision to pause rates, the leadership crisis at HDFC Bank and youth unemployment in…
India’s cotton acreage loses ground to rice, maize amid low productivity
New Delhi: India, which accounts for a quarter of global cotton production, is turning away from the major cash crop in favour of rice and maize, as farmers shift to…
Oil down 2% as US considers lifting sanctions on Iranian oil loaded on vessels
International oil prices fell over 2% on Friday after the US signalled potential easing of sanctions on Iranian oil and global powers backed efforts to secure shipping through the Strait…
India maps supply chain gaps in pharma, textiles, fertilizers amid West Asia war
New Delhi: As the war in West Asia disrupts global trade flows, the Indian government has launched a sweeping audit of critical supply chains to map vulnerabilities and reduce import…
Iran’s caused a rates crisis for the world’s central banks. Why the ECB should follow the Fed.
Just when Europe’s central bankers thought they had finally overcome stubborn inflation, the war in Iran sparked an oil rally that means the continent’s policymakers are once again fretting about…