Economy

The BOE held a public consultation on refreshing its money last year and found nature emerged as the 44,000 responses' most popular theme.

India bought about 1.5 million barrels of Russian oil this month, up from 1.04 million bpd in February, ship tracking data showed.

This auction is part of the Rs 1-lakh crore OMO purchase of G-Sec announced by the central bank on March 6.

This year, coal production and supply have outpaced consumption, leading to record-high stocks at thermal power plants and coal mines.

Oil soared to almost $120 a barrel in London earlier this week as flows through the Persian Gulf's critical Strait of Hormuz remained essentially halted, though futures have since eased — in part on expectations that governments would tap their oil reserves.

"Some panic booking and hoarding has increased due to misinformation.There is no need for customers to rush and book cylinder," an official said.

The pullback in underlying inflation also reflected tamer housing costs — one of the biggest components of the CPI.

Blinkit and Swiggy Instamart users noted that when they attempted to buy induction cooktops, the products were flagged as "sold out", "out of stock" or "coming soon".

India's per day gas consumption stands at around 189 Mmsmd, officials said.

The IEA has said its 32 members hold more than 1.2 billion barrels in public emergency stockpiles, including the largest buffer, the US Strategic Petroleum Reserve.

India imports 88 per cent of its crude oil, making it the third-largest oil importer in the world. The country consumes 5.8 million bpd, of which 2.5-2.7 million passes through the Strait of Hormuz.

In a post on X, US Ambassador Gor said, India had been "a great partner in maintaining stable oil prices around the world".

The Jal Jeevan Mission's Rs 1.51 lakh crore extension acts as a vital reset to fix bottlenecks and deliver 24/7 water to rural India.

LPG prices in India have risen as Middle East tensions disrupt imports from Gulf countries.

Iran's Parliament Speaker Mohammad Bagher Ghalibaf took potshots at US after Energy Secretary Chris Wright claimed the American Navy had escorted an oil tanker through the Strait of Hormuz

Press Note 3 is a FDI policy mandate requiring prior government approval for all investments from countries sharing a land border with India.

Gita Gopinath said the world economy is already facing a slowdown in growth in 2026 due to higher oil prices in the wake of the conflict that erupted less than two weeks ago.

The facility will be America's first new oil refinery in 50 years with a record investment of $300 billion, Trump said, while thanking Indian partner Reliance.

Trump's comments and the related reports underscored the emphasis the administration is putting on destroying Iranian naval vessels in its effort to keep Tehran from disrupting tanker traffic through the passage.

Some manufacturers, like Indian Farmers Fertiliser Cooperative Ltd., have started reductions at certain urea plants, according to people familiar with the matter, who asked not to be identified.