Economy Archives - Page 3 of 8

India and UAE Sign Seven Key Agreements Including USD 5 Billion Investment Package and LPG Supply Deal During PM Modi Abu Dhabi Visit

May 16, 2026Gaurav Thakur

India and the UAE signed seven major agreements during PM Modi’s visit to Abu Dhabi, including a $5 billion investment commitment, an LPG supply deal to cushion the Iran war energy shock, a defence pact, and a ship repair cluster at Vadinar port — marking a significant deepening of the strategic partnership. [...]

Amul and Mother Dairy Hike Milk Prices by Rs 2 Per Litre Across India Effective May 14 as Rising Input Costs Squeeze Dairy Sector and Household Budgets

May 15, 2026Anjali K.

India’s two largest dairy brands Amul and Mother Dairy have raised milk prices by Rs 2 per litre across all major variants effective May 14, citing a 6% rise in farmer procurement costs over the past year. The hike affects popular products including Gold, Taaza, Cow Milk and Full Cream variants. [...]

Petrol and Diesel Prices Hiked by Rs 3 Per Litre Across India as Government Raises Fuel Rates for First Time in Four Years Amid Iran War Oil Crisis

May 15, 2026Gaurav Thakur

State-run oil marketing companies on Friday raised petrol and diesel prices by Rs 3 per litre across India — the first fuel price revision in nearly four years — as mounting losses from the Iran war-driven crude oil surge forced the government’s hand. CNG prices in Delhi were also hiked by Rs 2 per kg. [...]

US Senator Eric Schmitt Drags India Visa Temple Into Scathing Attack on H-1B Programme Calling It a Global Visa Cartel That Disadvantages American Workers

May 14, 2026May 14, 2026Gaurav Thakur

Republican US Senator Eric Schmitt has launched a blistering attack on the H-1B visa programme, citing India’s famous Chilkur Balaji Visa Temple as evidence of a global visa cartel that he claims systematically favours Indian nationals over American workers. [...]

RBI Governor Sanjay Malhotra Warns Petrol and Diesel Price Hike Inevitable If West Asia Crisis Persists as Crude Oil Stays Above 100 Dollars Per Barrel

May 14, 2026May 14, 2026Gaurav Thakur

RBI Governor Sanjay Malhotra has warned that India may eventually have to raise petrol and diesel prices if elevated crude oil prices persist due to the ongoing West Asia conflict, saying it is just a matter of time before the government passes on some of the price increases. [...]

India Hikes Gold and Silver Import Duty From 6 to 15 Percent in Emergency Move to Protect Forex Reserves Amid Global Energy Crisis

May 13, 2026Gaurav Thakur

The Indian government on Wednesday sharply raised customs duties on gold and silver from 6 per cent to 15 per cent, marking the biggest single increase in over a decade, as it moves to conserve foreign exchange reserves that have fallen by nearly $38 billion since February. [...]

Indian household items with rising price tags including LPG cylinder cooking oil and vegetables with inflation arrows

India April CPI Inflation Expected to Rise to 3.8 Percent as LPG Price Hike and Fuel Costs Push Household Budgets Higher Amid Global Energy Crisis

May 12, 2026Gaurav Thakur

India’s April 2026 consumer price inflation is expected to rise to 3.8 percent from 3.4 percent in March as higher LPG prices and fuel costs weigh on household budgets, with CPI data due for release on May 12. [...]

US gas station with high fuel price signs showing over 5 dollars per gallon with American flag and Congress building

Trump Pushes to Suspend Federal Gas Tax as Iran War Enters 11th Week and US Fuel Prices Hit Four-Year Highs Amid Strait of Hormuz Disruption

May 12, 2026Rohit Joshi

President Trump announces plans to suspend the 18.4 cent federal gas tax to provide relief as the Iran war drives fuel prices higher, but the move requires Congressional approval and faces fiscal concerns. [...]

Indian stock market crash with Sensex and Nifty showing red downward arrows on trading screens at Bombay Stock Exchange

Sensex Crashes Over 3000 Points in Four Days as IT Stocks Plunge and FII Selling Intensifies Amid Crude Oil Surge and Rupee Crisis

May 12, 2026Gaurav Thakur

BSE Sensex loses over 3,000 points in four consecutive sessions, wiping out Rs 6.4 lakh crore in investor wealth as IT stocks plunge nearly 4 percent and FII selling continues amid crude oil surge. [...]

Indian rupee crashes against US dollar as crude oil surges past 105 dollars

Indian Rupee Crashes 139 Paise to 94.90 Against US Dollar as Crude Oil Surges and Trump Rejects Iran Ceasefire Proposal

May 11, 2026Gaurav Thakur

The Indian rupee crashed 139 paise to 94.90 against the US dollar in early Monday trade as crude oil surged past $105 per barrel following Trump’s rejection of Iran’s ceasefire response, with the RBI intervening to stabilise the currency. [...]