Economy

Oil marketing companies raise domestic LPG cylinder price by Rs 29 effective June 7, taking Delhi price to Rs 942. Government reveals supply cost has crossed Rs 1,600 per cylinder with under-recovery of Rs 700 amid 46% surge in Saudi CP benchmark. [...]

The Indian government issued the Income Tax (Amendment) Ordinance 2026, exempting Foreign Institutional Investors (FIIs) from both capital gains tax and withholding tax [...]

The Reserve Bank of India kept the policy repo rate unchanged at 5.25% on Friday after the conclusion of its three-day Monetary Policy [...]

The Reserve Bank of India and the central government have officially denied reports that the RBI sold nearly $12 billion worth of gold reserves to defend the rupee and protect forex reserves. The PIB fact-checked the Bloomberg report, calling it misleading and factually incorrect. [...]

The Union Cabinet approved a Rs 10,000 crore Aviation Turbine Fuel (ATF) Price Stabilization Fund to protect airlines, oil marketing companies, and passengers from soaring fuel prices triggered by the West Asia conflict. The self-sustaining revolving fund will be channelled through interest-free loans. [...]