News
US-Iran Tensions Push Pakistan Toward Economic Crisis, Say Islamabad Residents
11+ hour, 3+ min ago (68+ words) Open Magazine US-Iran Tensions Push Pakistan Toward Economic Crisis, Say Islamabad Residents Growing tensions between the United States and Iran are fuelling fears of a fresh inflation crisis in Pakistan, with residents of Islamabad expressing deep concern over soaring fuel…...
SBI Research Urges RBI to Intervene as Rupee Fall Outpaces Economic Fundamentals
10+ hour, 56+ min ago (755+ words) The Indian rupee has come under significant pressure in recent months, prompting SBI Research to call for stronger intervention by the Reserve Bank of India (RBI). According to the report, the currency's recent decline against the US dollar appears disproportionate…...
Cautious Resilience: Govt Flags Inflation, Oil Risks Despite Strong Fundamentals
1+ day, 15+ hour ago (360+ words) India's near-term economic outlook remains one of "cautious resilience" as domestic fundamentals hold up despite intensifying global shocks from the West Asia conflict, the Department of Economic Affairs said Saturday in its Monthly Economic Review for May. While PMIs, labour…...
RBI Sees India Growing at 6. 9% in FY27 Despite West Asia Risks
2+ day, 13+ hour ago (367+ words) India's economy is expected to remain resilient in 2026-27 despite rising geopolitical tensions and inflationary risks emanating from the West Asia conflict, the Reserve Bank of India (RBI) said in its Annual Report 2025-26. The central bank projected India's real GDP growth…...
India's New Growth Mantra Amid Oil Shock: BHAVYA Industrial Parks, FDI Reality Check and a Government-Led Manufacturing Push
2+ day, 17+ hour ago (1556+ words) The New Growth Mantra in the Time of Oil Shock Open Magazine The New Growth Mantra in the Time of Oil Shock WHEN THE BHARAT Audyogik Vikas Yojana (BHAVYA) was announced by Finance Minister Nirmala Sitharaman as part of her…...
RBI Says India's Economy Remained Resilient in April Despite Global Uncertainty
1+ week, 1+ day ago (773+ words) India's domestic economy remained resilient in April despite rising geopolitical tensions and volatility in global markets, according to the May 2026 Bulletin released by the Reserve Bank of India. The central bank noted that the global economy continued to face uncertainty…...
India's oil import surge threatens to widen trade deficit in FY27: Crisil report
1+ week, 5+ day ago (451+ words) A new report by Crisil, titled "Oil's not well", warns that India's oil trade deficit is set to widen significantly in FY27. The core issue is simple but structural: India depends heavily on imported crude oil, and that dependence is becoming…...
Common Man Hit Hard as Fuel Prices Surge Across India
1+ week, 5+ day ago (529+ words) Fuel prices across India have gone up once again, adding to the financial strain on households. In New Delhi, petrol prices rose from Rs 97. 77 to Rs 98. 64 per litre, while diesel increased from Rs 90. 67 to Rs 91. 58 per litre. Similar hikes have…...
Retail Inflation May Rise To 5. 1% In Current Fiscal From 2% In Last Fiscal: Crisil
2+ week, 2+ day ago (76+ words) Open Magazine Retail Inflation May Rise To 5. 1% In Current Fiscal From 2% In Last Fiscal: Crisil Retail inflation in India is expected to rise to 5. 1 per cent in the current fiscal year as higher wholesale prices, elevated crude oil costs and…...
India Raises Gold, Silver, Platinum Import Duty to 15% to Conserve Forex Amid West Asia Crisis
2+ week, 4+ day ago (328+ words) The Indian government has sharply hiked customs duties on precious metals like gold, platinum and silver, citing the need to conserve foreign exchange and protect the economy from growing global pressures stemming from the ongoing West Asia crisis. Import duty…...