India’s gold imports from the United Arab Emirates (UAE) under the 2022 trade agreement are drawing fresh attention amid India’s push to curb bullion imports to conserve foreign reserves. Gems…
Category: Economy
Behind India’s abrupt sugar export ban, a worry over sufficient stocks
India on Wednesday banned exports of raw, white and refined sugar till 30 September 2026, marking a sharp shift from the earlier “restricted” export regime to a “prohibited” category. However,…
Wholesale inflation surges to 42-month high of 8.3% in April on crude spike
New Delhi: India’s wholesale inflation surged to a 42-month high of 8.3% in April from 3.88% in March, driven by a sharp rise in fuel, crude petroleum and manufactured product…
Kevin Warsh confirmed by Senate as 17th Federal Reserve chair
Kevin Warsh was approved by the Senate as the next chair of the Federal Reserve on Wednesday afternoon, inheriting an economy reckoning with persistent inflation and an increasingly divided group…
Oil prices subdued, investors await outcome of Trump-Xi meet
Global oil prices traded flat on Thursday morning ahead of the much-anticipated meeting between the US and Chinese presidents in Beijing. At 7:40 am, the July contract of Brent on…
India’s gold rush meets a speeding ticket, but industry fears smuggling and job loss
Days after Prime Minister Narendra Modi made a clarion call for austerity, the Centre sharply raised import duty on precious metals to save dollars, at a time when the Gulf…
Rupee may slide to 96-98 by December-end amid oil shock: Mint poll
Mumbai: The Indian rupee is sliding from one record low to another, but economists say assigning a precise trajectory to the currency has become increasingly difficult amid the US-Iran war…
India targets $1 trillion exports as FTAs now cover two-thirds of global trade: Piyush Goyal
New Delhi: The network of free trade agreements (FTAs) now covers more than two-thirds of global trade, as India pushes toward an ambitious $1 trillion export target for the current…
Mint Explainer | Why PM Modi is asking Indians to cut cooking oil consumption
In his recent public addresses, Prime Minister Narendra Modi has urged Indians to reduce the use of imported oils—both crude and edible—as part of broader austerity measures aimed at conserving…
Oil prices ease after rising in three consecutive sessions, Brent still around $107/bbl
Global crude prices traded on a subdued note on Wednesday morning after rising around 8% over the previous three sessions. Around 7:50 AM, the July contract of Brent on the…