Economy

India has sharply increased the windfall tax on fuel exports, raising the levy on diesel to Rs 55.5 per litre from Rs 21.5 per litre and on aviation turbine fuel to Rs 42 per litre from Rs 29.5 per litre.

US officials who stated that Iran's limited capacity to detect and remove the mines is a significant factor in its inability to heed US warnings.

From oil to mangoes, a weekly decode of the hidden economics shaping what you use, eat and pay for.

Ray Dalio says control of the Strait of Hormuz may decide U.S.Iran conflict outcome.

Goyal appreciated the UAE's proactive logistics measures, including the opening of alternate routes and multimodal transport

The current account deficit can be adversely impacted because of a cut in the diaspora's incomes, it said in a note on the West Asia conflict.

The overall reserves had dropped by $10.288 billion to $688.058 billion in the week ended March 27.

Innovative operational measures, enhanced yard capacity and coordinated logistics planning played a crucial role in addressing the backlog.

India, which relied on the Middle East to meet nearly half of its crude oil imports, 30% of its gas and 85-90% of LPG, must invest in building strategic storages as an insurance against price and supply disruptions, he said.

A record increase in gas prices was responsible for nearly three-quarters of the monthly advance, the Bureau of Labor Statistics said.

The Power Ministry has already issued Section 11 directions to plants which ensures power plants to run at full capacity.

RBI attaches high importance to its medium-term strategy and monitors its implementation and progress through a sub-committee of its Central Board.

Additionally, the top 50 NBFCs based on total exposure would automatically be considered for inclusion in the upper layer.

The six-week conflict has all but shut down energy exports from the Gulf countries, leaving India to grapple with industrial supply shortages and the knock-on impact of rising prices.

Executives at leading refiners said they expected a US waiver allowing the purchase of Russian oil to be extended before it expires in the coming days.

Republican Senator Thom Tillis has publicly declared he will not vote to confirm Warsh until a separate federal investigation into current Fed Chair Jerome Powell is resolved.

This transition towards induction cooking expected to create additional demand of 13-27 GW.

The mango economy today is shaped by multiple forces, such as limited exports, uneven domestic supply chains that affect quality, and rising volatility from climate and geopolitics.

The Greed And Fear note by Jefferies notes that geopolitical relief has calmed markets, but the underlying risks for India remain far from resolved.

The IMF chief said if inflation expectations threaten to break the anchor and ignite a costly inflation spiral, then central banks should step in firmly with rate hikes.