Central government has made an ad hoc allocation of Public Distribution System (PDS) kerosene to States and Union Territories for household use, introducing a 60-day emergency measure to ease pressure on cooking gas LPG. File | Photo Credit: B. Jothi Ramalingam The Central government has made an ad hoc allocation of Public Distribution System (PDS)…
Washington DC The U.S. and India are not “far off” from finalizing an interim trade deal, but need to bridge some negotiating gaps, such as over discussions on pulses and the staging of tariff reductions, according to a U.S. official. “We’re not that far off from finalizing the interim trade deal, but some gaps remain,”…
India’s manufacturing ecosystem is deeply embedded in global supply chains. From energy and fertilizers to electronics and chemicals, several sectors rely heavily on imported raw materials and intermediates. The recent geopolitical development in West Asia has shown how quickly supply disruptions can ripple through the economy, underscoring a stark reality that while global interdependence is…
Image for representational purposes only. Photo credit: Special arrangement Seeking to improve the quality of their coking coal, state-owned miner Coal India informed it would be setting up eight new coking coal washeries, with a combined washing capacity of 21.5 million tonnes a year, at an estimated capital outlay of ₹3,300 crores. Of the eight…
The government will review the special additional excise duty on diesel and ATF. File picture | Photo Credit: Getty Images/iStockphotos CBIC Chairman Vivek Chaturvedi on Friday (March 27, 2026) said the government will review the special additional excise duty or windfall tax on diesel and ATF (Aviation Turbine Fuel) every fortnight. The move to levy…
Offering further respite to commercial entities seeking supplies of liquified petroleum gas (LPG), the Ministry of Petroleum and Natural Gas (MoPNG) Friday (March 27, 2026) called to increase allocation of the hydrocarbon gas to States and Union Territories (UTs) by another 20%. Thus, taking the total allocation of commercial LPG to 70% of the pre-crisis…
Long queues seen before petrol pumps in Belagavi. FIle | Photo Credit: The Hindu India slashed its special excise duties on petrol and diesel, as fuel prices stay volatile with supplies choked by the Iran war. In a government order on Thursday (March 26, 2026), Union Finance Ministry reduced the special excise duty on petrol…
A crude oil tanker, ‘Shenlong’, that passed through the Strait of Hormuz, has arrived at Mumbai Port. File picture | Photo Credit: Special Arrangement The Indian government is “experimenting” with conducting trade with the West Asian countries in local currencies, in a bid to mitigate the fiscal double-hit of surging oil prices and a depreciating…
People throng the fuel station amid rumours of fuel shortage in the wake of the West Asian conflict, in Srinagar, Jammu and Kashmir, on March 26, 2026 | Photo Credit: Imran Nissar India has about 60 days of fuel stock cover, the government said on Thursday (March 26, 2026), adding that there is no shortage…
The Iran war is upending the global LNG outlook as soaring prices, damage to major supplier Qatar’s export infrastructure and potential delays to new supply raise doubts about previously expected demand from price-sensitive Asian buyers. Before the war, analysts expected global liquefied natural gas supply to rise as much as 10% this year to between…
