Food crops are becoming increasingly vulnerable to the energy supply crunch caused by war in the Middle East, with farmers across Asia and Europe facing a scarcity of fuel needed…
Category: Economy
The week in charts: Crude oil shock, India’s EM rank, e-way bill generations
NEW DELHI: From a spike in crude oil prices amid the conflict in West Asia to the tightening economic race between India and Vietnam, logistics activity reflected in e-way bill…
Tax nudges lead 5 million taxpayers to revise returns; refund claims drop ₹2,000 crore
More than five million income tax returns were revised after the tax department flagged incorrect or bogus deduction claims last year, lowering refund claims by ₹2,000 crore, Central Board of…
India, US on the heels of finalising a critical minerals agreement, ‘big announcement in few months’, says Sergio Gor
US ambassador to India, Sergio Gor, on Friday announced that India and US are close to finalising a minerals agreement, with a “big announcement” expected in the “next few months”.…
Goa ranks second in Niti Aayog fiscal health Index 2026 — Who is No 1?
Goa has improved its performance in the NITI Aayog Fiscal Health Index (FHI) 2026, rising from third to second position among 18 major Indian states with a composite score of…
Oil prices slightly lower after US allows all countries to purchase Russian oil for 30 days
Global crude prices were trading marginally lower after the US Treasury Department announced a 30-day waiver allowing all countries to purchase Russian oil currently stranded at sea. The development comes…
Russian oil purchase allowed… for now — Scott Bessent announces ‘short-term’ licence as crude prices rise amid Iran war
US Treasury Secretary Scott Bessent on Thursday (local time) announced a temporary authorization for nations to purchase Russian oil stranded at sea in a bid to contain skyrocketing oil prices…
US-Israel war with Iran sends oil soaring, raises alarms for India Inc
The war between the US and Israel on one side and Iran on the other, now in its eleventh day, shows no signs of abating, sending crude prices soaring and…
Oil prices fall after Trump says Iran war will be short lived, US will remove oil-related sanctions
Crude oil prices slumped nearly 10% on Tuesday morning after US president Donald Trump indicated the Iran war could be short-lived and signalled the possibility of easing oil-related sanctions on…
Oil at $100: Iran war puts India’s fuel prices and inflation outlook at risk
The worst-case scenario in the oil market appears to be unfolding: Brent crude has breached $100 per barrel as the conflict involving the US and Israel and Iran continues to…