Economy

The rupee was already under pressure before the war, weighed down by widening external balances and capital outflows.

Commercial liquefied petroleum gas rates were last increased by Rs 114.5 per 19-kg cylinder on March 1.

The programme has expanded significantly over the past 14 years.

The central bank said that it will continue to monitor the situation closely and intervene in an appropriate manner as and when required.

New Delhi pushed for consensus on long-pending agriculture issues, including public stockholding for food security and a special safeguard mechanism, particularly in cotton.

Under the previous rules, many service providers were classified as "intermediaries", which meant the "place of supply" was considered the supplier's location in India rather than the client's location overseas.

One of the most significant changes is the removal of the Rs 10 lakh cap on courier export consignments.

Meanwhile, Faiz Ahmed Kidwai has been appointed as Additional Secretary in the Department of Personnel and Training (DoPT).

It said the Indian economy, which imports nearly 90% of its crude oil requirements, is also highly dependent on imports of natural gas and fertilisers, and is particularly vulnerable to such external shocks

Global energy price surges and weakened growth forecasts have boosted the dollar as a safe haven, with traders holding over seven billion dollars in bullish derivative bets.

Oil prices fell below $102 after reports that President Trump may end the Iran conflict even if the Strait of Hormuz remains closed, following recent tanker attacks.

Stocks rose and oil prices fell after reports that President Trump is open to ending the US military campaign against Iran despite the Strait of Hormuz remaining closed.

A key highlight of the visit was the delegation's engagement with the secretary to the Sri Lankan president.

As banks attempt to unwind their positions, liquidity shortages are likely to emerge, creating a vicious cycle where offshore premiums could witness a sharp rise.

According to the RBI's data released on Monday, the ratio of India's international assets to international liabilities continued to improve to 82.1% as at end-December 2025 from 81.4% in the previous quarter and 74.6% a year ago.

Powell noted that tariffs typically have a one-time impact on inflation and said there is no evidence that the Federal Reserve's past bond-buying programmes significantly contributed to inflation.

IMF noted that war raises not only current inflation but also a risk of expectations becoming less firmly anchored.

The tax is to be deducted at source if the interest income from bank/post office deposits exceeds Rs 50,000 for ordinary citizens, or Rs 1 lakh for senior citizens, in a financial year.

It expects India's current account deficit (CAD) to widen sharply to 1.7% of GDP in fiscal 2027 (from 1% in current fiscal).

Employers may offer flexible working schedules, and additional overtime options will be available depending on weekly work-hour management.