New Delhi: India and Austria on Friday operationalised a bilateral fast-track mechanism (FTM) to facilitate investments and ensure time-bound resolution of business issues, while also underscoring the importance of the…
Category: Economy
Oil prices fall as Israel-Lebanon ceasefire comes into effect, Trump says ‘very close’ to Iran deal
Global oil prices declined on Friday morning as the 10-day ceasefire between Israel and Lebanon came into effect late on Thursday. Further weighing on prices was US president Donald Trump’s…
From protests to paychecks: How state unrest triggered a wage rethink
The Centre is exploring plans to sharply raise the national daily minimum wage to ₹350-450, at a time workers’ protests have prompted wage hikes in Uttar Pradesh and Haryana. The…
India to continue buying Russian crude, LPG despite end of US sanctions waiver
India will continue to buy crude oil and cooking gas (liquefied petroleum gas or LPG) from Russia, even after the US’s one-month waiver of sanctions on such imports has expired,…
Europe to face fuel shortage? Energy agency head warns ‘maybe 6 weeks of jet fuel left’ — Here’s all we know
International Energy Agency (IEA) executive Fatih Birol has warned that Europe has “maybe six weeks or so” of jet fuel remaining, adding that flight cancellations were possible “soon” if the…
The decades-old legal question at the heart of the Fed chair showdown
At the heart of President Trump’s threat to fire Jerome Powell lies an unsettled legal question: When the Fed chair’s term expires without a confirmed successor, who gets to decide…
Up to 66% crash: How West Asia war battered India’s top Gulf trade
The West Asia war has taken a toll on India’s trade. Exports declined 7.4% year-on-year in March, and imports fell 6.5%, per the commerce ministry data. Trade figures with India’s…
Oil prices trade subdued amid fragile ceasefire, peace deal hopes
Global oil prices traded marginally lower on Thursday morning despite continued tensions over curtailed traffic through the Strait of Hormuz. While market sentiment remains impacted by supply concerns, hopes of…
India’s unemployment rate edges up to 5.1% in March as urban joblessness rises
India’s unemployment rate for people aged 15 years and above rose to 5.1% in March 2026 from 4.9% in the previous month, owing to a rise in joblessness in urban…
India’s March trade deficit narrows to $20.67 billion on year
India’s merchandise trade deficit narrowed to $20.67 billion in March as imports eased from the previous year, though elevated purchases of energy, gold and electronics continued to weigh on the…