Economy News ( English version)

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  • Fuel shortages from Iran war threaten Asia’s biggest food staple April 11, 2026
    Iran War: Farmers across Southeast Asia face a crisis as missiles flew in th Middle East. Soaring fuel and fertilizer prices, driven by the Middle East conflict, are forcing many to abandon their rice fields. This situation threatens food supplies as planting for the next season becomes unaffordable.
  • RBI proposes upper layer NBFCs to be defined by absolute asset size of ₹1 lakh crore+ April 11, 2026
    Reserve Bank of India is proposing a new rule for identifying top NBFCs. A simple asset size of Rs 1 lakh crore will now determine classification. This change could affect Tata Sons' plans to avoid listing. Government-owned NBFCs may also face stricter regulations. The RBI aims for a clearer, simpler system for all.
  • RBI's Utkarsh 2.0 places focus on better service April 10, 2026
    RBI's new plan places emphasis on improving customer service and financial inclusion, alongside efforts to strengthen market infrastructure and pricing transparency, particularly in government securities. Technology adoption, including artificial intelligence and digitalisation of internal processes, is expected to play a central role.
  • Rice export rules relaxed for select European countries April 10, 2026
    India has eased rice export rules for many European nations. An inspection certificate from EIC/EIAs is now only required for exports to the EU, UK, Iceland, Liechtenstein, Norway, and Switzerland. Other European countries are exempt for six months. New rules also align feather and skin export policies with EU and UK regulations.
  • Wholesale rice prices up 7% as West Asia ceasefire fuels export rush April 10, 2026
    Indian rice prices have seen a significant jump at the wholesale level. This surge follows a recent ceasefire between the US and Iran, leading to a rush of export orders. The impact is expected to be felt by consumers soon. Disruptions had previously caused prices to fall.

 

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