Finance Minister Nirmala Sitharaman has presented the Finance Bill, 2026, in the Lok Sabha. This bill enacts the government’s financial plans for the 2026-2027 fiscal year. Key proposals focus on growth, job creation, and inclusive development. The budget emphasizes infrastructure, … Read More
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India's limited oil buffers, reliance on subsidies heighten risks from Middle East conflict, Moody's warns
The agency flagged that while some Asia-Pacific economies are cushioned by sizeable strategic reserves, India depends more on administrative measures to shield consumers, making it vulnerable to sustained spikes in global energy prices.
Rupee hits all-time low of 93.84 vs USD amid Mideast tensions
The Indian rupee has reached a historic low against the US dollar. This decline is driven by escalating Middle East conflict and concerns over disrupted energy supplies. Asian currencies are also experiencing a downturn. The ongoing crisis has significantly boosted … Read More
Global economy under 'major threat' from Strait of Hormuz crisis: IEA chief
The global economy is under “major threat” from the energy crisis caused by the Middle East war and “no country will be immune” to its effects, International Energy Agency chief Fatih Birol said Monday. “No country will be immune to … Read More