Economy

While the aviation industry braces for a Rs 18,000-crore hit, the food services sector will by impacted by a massive Rs 79,000 crore, according to PHDCCI.

Fatih Birol says flight disruptions could begin soon if Middle East oil flows are not restored, as Europe's fuel reserves come under mounting pressure.

S&P said energy supply disruptions that lead to fuel rationing or shortages of related products, such as fertilisers, would be a risk.

The free trade pact between India and New Zealand aims to provide tariff-free access to the island nation's market for domestic exporters' goods and will bring in $20 billion in investment over the next 15 years.

Chinese Foreign Minister Wang Yi urged Iran to guarantee freedom and safety of navigation through the Strait of Hormuz amid rising tensions and US blockade.

China's luxury boom was built on broad income growth and strong urban infrastructure. On the other hand, India's luxury market depends on a smaller, globally connected elite scattered in smaller pockets around the cities, where infrastructure is poor.

In February, India and the US announced finalisation of a framework for the first phase of the bilateral trade agreement. According to that framework, the US had agreed to reduce tariffs on India to 18%.

India rejects US Trade Representative allegations on excess structural capacity, stating the initiation notice lacks specific evidence and requests termination of the investigation.

The waiver was only for oil that was on the water prior to March 11, the US Treasury Secretary said.

The world's top 100 energy firms raked in nearly $23 billion in additional profits during March, as crude prices climbed over $100 per barrel.

In his remarks, Jaishankar said global growth demands that energy markets are "not constricted".

India's exports to China rose 36.66% to $19.47 billion during the last fiscal year, while imports increased 16% to $131.63 billion.

India and the UK signed the CETA, under which 99% of Indian exports will enter the British market at zero duty, while tariffs on British products, such as cars and whisky, will be reduced in India.

The top government employees' body has also sought a 6% annual increment during the entire tenure of 8th Pay Commission.

The arrival of the wheat crop into mandis and procurement was affected due to recent unseasonal rainfall and hailstorms.

A statement on the PLFS stated that the UR among persons aged 15 years and above rose slightly to 5.1% in March 2026 from 4.9% in February 2026.

In the past, Trump has repeatedly attempted firing Powell before his term as chair ends in May.

The cumulative exports slipped by 7.5% to $38.92, as against $42.05 billion in the year-ago period.

The BTA discussions come at a crucial time, as both economies look to strengthen supply chain resilience and diversify trade partnerships amid global uncertainties.

The government is working to release the app soon in order to prevent diversion and hoarding of urea.