Economy

"Iran wants to make a deal, and I don't want to make it because the terms aren't good enough yet," Trump told NBC News in a phone interview, adding that any terms will have to be "very solid".

A critical shortage of LPG is pushing micro, small and medium enterprises towards an operational crisis, the Association of Indian Entrepreneurs said, calling for urgent intervention of central and state governments to prevent job losses in the sector.

Iran War News Live Updates: The US and Israel continued their attacks on Iran, with missiles striking multiple sites across the central Isfahan province. Sunday marks the 16th day of the Middle East conflict. President Donald Trump called on allied countries to deploy warships to protect shipping in the Strait of Hormuz.

The Iran war is the second time in just over a year that US President Donald Trump's policies have collectively jolted global central banks, after his so-called Liberation Day tariffs in April attempted to rewire world trade. That experience of uncertainty and risk will ensure that policymakers' nerves stay taut in the months ahead.

This comes after, on March 5, the US issued a 30-day waiver allowing India to buy Russian oil.

Paramjeet Kaur, owner of Flavours of China, said the restaurant has scaled back certain offerings and limited group bookings in order to manage LPG consumption.

Agriculture Minister K Atchannaidu and Oil Marketing Companies (OMCs) executives met officials from the Civil Supplies Department on Saturday to review the cooking gas situation.

Urea stocks currently stand at about 62 lakh tonnes, roughly 10 lakh tonnes higher than the level seen last year, while DAP stocks are at 25 lakh tonnes, almost double the year-ago level.

Amid US-Iran tensions, fear and panic has gripped India, which imports a large share of its energy.

Fuel prices for petrol and diesel have remained stable in major cities, even as international crude oil markets continue to experience fluctuations.

Veteran business strategist says China's dominance in key industries—from rare earths to solar—has reshaped global supply chains, leaving the US and its allies scrambling to rebuild manufacturing power.

Reduction in US tariff amid steady domestic demand will help Indian diamond polishers log a 6-7% y-o-y growth in revenue in FY27 to $15.0-15.5 billion, Crisil Ratings said in a report.

Inflation-adjusted consumer spending increased 0.1% from the prior month, according to Bureau of Economic Analysis data.

The remarks came after the United States Trade Representative (USTR) on March 11 launched a fresh round of Section 301 trade investigations targeting policies and industrial practices of 16 economies, including India and China.

The supply of PNG (Piped Natural Gas) to domestic consumers and CNG (Compressed Natural Gas) is being ensured without any interruptions or cuts, the ministry said.

Fitch ratings saw India's GDP growth at 7.5% for FY26, but expects it slowing down to 6.7% in FY27.

Through the second batch of supplementary demands, the government sought Lok Sabha approval for spending a gross Rs 2.81 lakh crore extra in the current fiscal year.

The petitioners have sought directions to ensure adequate supply of domestic LPG cylinders, contending that despite policy mandates prioritising household consumption, supplies to the domestic market have remained constrained.

American workers and firms have been forced to compete against foreign producers who may have an artificial cost advantage due to forced labour, said US Trade Representative Jamieson Greer.

The "forced labour" probe comes a day after the USTR said it has evidence of "structural excess capacity and production" in India and started probe under Section 301 for alleged unfair practices.