NEW DELHI: The Centre has raised its wheat procurement target from 30.33 million tonnes to 34.5 million tonnes for the 2026–27 marketing season, amid crop damage from unseasonal rains and…
Category: Economy
Oil prices up 1% amid continued stalemate on US-Iran talks, closure of Strait of Hormuz
Global crude oil prices continued to trade higher on Friday morning amid ongoing supply disruptions through the Strait of Hormuz and little progress in US-Iran peace talks. At 7:08 am,…
RBI sees growth, inflation risks from escalating US-Iran war
Escalating geopolitical tensions and supply disruptions stemming from the US-Iran war are casting a long shadow over the global and domestic economic outlook, even as a temporary ceasefire offers short-term…
Power demand spikes even before peak summer, seen at record high this year
New Delhi: India’s early and intense summer is already pushing electricity demand towards the highest levels seen during peak summer last year, challenging the country’s power system for the weeks…
Oil prices up amid stalemate over next round of peace talks, continued blockade of Strait of Hormuz
Global oil prices traded marginally higher on Thursday morning as a stalemate over the next round of peace talks between the US and Iran persisted, with both countries continuing their…
Mint Explainer | Is India’s wheat export push a good idea?
The government’s decision to reopen wheat exports in February after nearly four years—and then scaling up the quota from 2.5 million tonnes to 5 million—comes as India sits on a…
Indian private sector output growth accelerates in April as manufacturing grows faster: HSBC Flash India PMI
After losing some momentum in March due to the West Asia conflict, growth across India’s private sector expanded at a faster pace at the start of the new fiscal year…
UK inflation jumps to 3.3% in March as Iran war sends fuel prices to highest rise since Ukraine invasion
accelerated in March, as a surge in energy costs triggered by the Iran war started to hit consumers in the pocket. The consumer prices index rose 3.3% from a year…
Caution at MPC as war muddies view
As the West Asia war raged and supply shocks rippled across the globe, the central bank’s monetary policy committee (MPC) chose to wait and watch as they kept the repo…
India likely to grow 7% in FY27 on domestic demand, investments; inflation to remain in range: EAC-PM chairman Dev
NEW DELHI: The West Asia war is likely to have a limited impact on India’s economy and although inflation could accelerate from the level in March, it will stay within…