Mumbai: Billionaire banker Uday Kotak on Tuesday cautioned that Indians must prepare for the worst as the full impact of the oil price surge on account of the war in…
Category: Economy
Govt may have to eventually decide how long OMCs can keep incurring losses: Puri
New Delhi: India’s state-run oil marketing companies (OMCs) have been incurring significant losses by selling petrol, diesel, and gaseous fuels below cost amid a surge in international crude prices, and…
Moody’s cuts India’s 2026 growth forecast to 6% on high energy costs amid West Asia war
Moody’s Ratings on Tuesday cut India’s economic growth forecast for 2026 by 0.8 percentage points to 6% on subdued private consumption, capital formation, and industrial activity amid higher energy costs…
West Asia crisis a ‘live stress test’ for India’s balance of payments, says CEA V Anantha Nageswaran
India’s chief economic adviser V Anantha Nageswaran warned on Tuesday that the ongoing West Asia crisis has turned into a “live balance of payments stress test” for India with direct…
Quality standards key to manufacturing push; toy sector turned net exporter after QCOs: Consumer Affairs Secretary Nidhi
Consumer affairs secretary Nidhi Khare said on Tuesday that the country’s expanding use of Quality Control Orders (QCO), which now cover 723 goods, was not protectionism but an upgrade of…
India’s retail inflation stands at 3.48% in April on higher food prices
India’s retail inflation stood at 3.48% in April as prices of food and beverages, clothing, housing and utilities hardened amid rising energy costs linked to the West Asia conflict, according…
Mint Explainer | Why the GST Council plans to review taxation of ride-hailing app companies
NEW DELHI: Ride-hailing app companies are pitching for goods and services tax exemption for payments that customers make for transportation services availed through their online platforms. The Goods and Services…
West Bengal to join Digital Agriculture Mission soon
With the new Bharatiya Janata Party (BJP) government taking charge in West Bengal, the state is expected to shortly join the Centre’s Digital Agriculture Mission (DAM) in a major push…
Halfway to fragile: Why India’s deteriorating macros need strict curbs
The war in West Asia has exposed India to risks not seen in over a decade. The pressure on the current account deficit (CAD) is mounting, the rupee is depreciating,…
Oil prices rise amid fragile ceasefire, supply worries; Brent trades near $105/bbl
Global oil prices traded higher on Tuesday morning as supply worries persisted amid a fragile US-Iran ceasefire and concerns of renewed hostilities in West Asia. US president Donald Trump on…