Economy News ( English version)

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  • Parliamentary panel advises MoSPI to optimise fund use, seek extra funds if needed March 17, 2026
    A Parliamentary panel has urged the Statistics Ministry to use allocated funds wisely. The ministry faces funding shortfalls for key schemes like Support for Statistical Strengthening. The panel advised seeking supplementary funds if necessary. It also recommended developing an integrated digital dashboard for consolidated data. Expediting the National Child […]
  • India oilmeal exports hit by US-Iran conflict, Red Sea disruptions March 17, 2026
    Escalating US-Iran tensions are disrupting India's oilmeal exports, with significant portions to the Middle East and Europe facing logistics challenges due to Red Sea and Strait of Hormuz instability. Shipping detours and increased costs are impacting overall export volumes, while a surge in Chinese demand for Indian rapeseed meal faces renewed competit […]
  • India growth outlook dims as oil tops $100, gas crisis deepens March 17, 2026
    A distant war is impacting India's economy. Soaring oil prices and gas shortages are affecting homes and businesses. This energy crisis threatens economic growth and raises inflation concerns. Industries are halting operations. The situation is creating strain for everyday citizens and impacting employment. The external sector faces significant risks as […]
  • What's key to India's forex defence? Patra suggests it's $1 trillion buffer March 17, 2026
    Former RBI Deputy Governor Michael Patra advocates for India to build foreign exchange reserves to at least $1 trillion. This substantial buffer is crucial for market intervention, covering external debt obligations and cushioning against portfolio investment outflows. Recent sharp declines highlight the pressure on reserves amid global uncertainties.
  • Biz chamber seeks RBI relief for exporters hit by West Asia disruptions March 17, 2026
    Indian exporters are facing significant challenges due to global shipping route disruptions. The Bharat Chamber of Commerce has requested the Reserve Bank of India to provide crucial banking support. This includes enhanced working capital, flexible credit, and extended repayment periods. The aim is to safeguard exporters from financial strain and ensure cont […]

 

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