Indian Economy
West Asia Crisis News: Indian Economy Faces Major Balance of Payments Test
The escalating West Asia crisis has triggered a "real stress test" for India's balance of payments, directly impacting inflation and the rupee, as oil marketing companies face losses of ₹1,000 crore daily.
Unemployment Rate in Urban India Falls to 6.6%: MoSPI Data Reveals Surprising Shift
New government data shows urban job markets are improving while rural areas face a slight uptick in unemployment, marking a significant transition in India’s labor force dynamics for the first quarter of 2026.
PSU Banks Record Profit: SBI Leads History With ₹1.98 Lakh Crore Surge
India’s state-owned banks achieve a historic milestone in FY 2025-26, recording an 11.12% growth in net profits as the State Bank of India maintains its dominant position in the banking sector’s massive financial rally.
Gold Import Duty Hike: India Raises Tax to 15% Amid Rupee Crisis
The Union Government has sharply increased the import duty on gold and silver to 15% to curb rising trade deficits and stabilize the rupee, following a record low against the US dollar.
Petrol Diesel Price Today: Crude oil spikes to $104 as rates fluctuate
Amid rising global tensions and Brent crude crossing the $104 mark, Indian oil companies have released the latest fuel rates for Delhi, Mumbai, Noida, and other major cities as PM Modi appeals for fuel conservation.
Himachal Minister Anirudh Singh Slams PM Modi Over Gold and Petrol Appeal
Himachal Pradesh Minister Anirudh Singh criticized Prime Minister Narendra Modi's advice to citizens to avoid buying gold and reduce fuel usage, calling it "anti-people" and an attempt to distract from the country's pressing economic challenges and falling rupee.
PMEGP Loan Crisis Deepens as MSME Job Creation Falls by 3.5 Lakh
Sharp decline in PMEGP loan approvals and applications has raised concerns over employment generation, MSME growth, and banks’ willingness to fund small businesses amid economic uncertainty.
Indian Economy faces new risks: West Asia conflict, inflation, and weather hurdles
The Union Finance Ministry’s latest monthly economic review identifies the ongoing West Asia conflict and potential El Niño-induced monsoon deficiencies as critical threats to India’s macroeconomic stability, trade, and financial flows in the current fiscal year.
Escalating Iran-Israel Tensions May Drive Future FD Rate Hikes
As the RBI MPC meeting begins, escalating Middle East tensions and rising crude oil prices fuel inflation fears. While analysts expect a status quo, persistent geopolitical instability may soon force the central bank to hike repo rates and bank FD interest.
Indian Railways Shatters Records in a Year of Transformation
Indian Railways concluded a historic fiscal year with record-breaking 1,670 million tonnes of freight. Highlighting safety, Minister Ashwini Vaishnaw confirmed the Kavach protection system now spans 3,100 kilometers, marking a massive leap in modernizing India’s vast rail infrastructure and logistics.
