The finance ministry on Saturday announced a sharp increase in export duties on diesel and Aviation Turbine Fuel (ATF), while keeping the duty on petrol unchanged.According to the ministry, the export duty on diesel has been raised from Rs 21.5 per litre to Rs 55.5 per litre, while that on ATF has been increased from … Read more
India’s forex reserves have become more balanced over time, with more gold and some diversification beyond the US dollar. (AI image) A country’s foreign exchange reserves act as the first line of defence against external volatility. In times of global economic turmoil such as the present Middle East conflict, forex reserves are the armour that … Read more
India’s financial ecosystem has undergone a major transformation in recent years, with the Unified Payments Interface (UPI) emerging as the centrepiece of the country’s digital payments revolution. Just ten years ago, financial transactions in the country were slow and largely cash-dependent but now, they are just a touch or click away, enabling instant, seamless and … Read more
Securities and Exchange Board of India (Sebi) chairman Tuhin Kanta Pandey hailed India’s financial landscape and assured global investors that the country continues to be an open and attractive destination. In a bid to draw in global capital from across the globe, he further pitched India’s strong macroeconomic fundamentals, rapidly expanding investor base, and a … Read more
The Delhi government has unveiled the draft Electric Vehicle (EV) Policy 2026–2030, outlining a roadmap to curb air pollution and promote clean mobility in the national capital. With vehicular emissions contributing nearly 23% of the city’s pollution, the policy focuses on accelerating the shift to electric vehicles while strengthening the ecosystem needed to support their … Read more
US President Donald Trump reacted to a social media post suggesting that a “wave of empty tankers” is heading towards the United States to collect crude oil. Sharing the post on Truth Social on Saturday, Trump wrote, “Great!!!”The post, by oil market researcher Rory Johnston, read, “Very cool seeing the wave of empty tankers heading … Read more
Two US senators have called for a federal probe into suspicious oil trading activity that took place shortly before major announcements by US President Donald Trump on the Iran conflict, raising concerns about potential insider trading.On Friday (local time), Democratic senators Elizabeth Warren of Massachusetts and Sheldon Whitehouse of Rhode Island urged the US Commodity … Read more
NEW DELHI: As the world scrambles to recover from the biggest energy shock in decades triggered by the West Asia conflict, India should be cautious about relying on traditional supply assumptions, particularly its proximity to the West Asia for sourcing oil and gas, ONGC chairman and CEO Arun Kumar Singh said on Friday. India, which … Read more
NEW DELHI: After months of haggling, the auto industry seems to have been comforted by the latest draft of the Corporate Average Fuel Efficiency (CAFE 3) norms, which encourage the use of new technologies and target major improvements, starting April 2027. CAFE are govt-mandated norms to reduce fuel consumption and carbon dioxide across a carmaker’s … Read more
Commerce and Industry Minister Piyush Goyal on Friday held separate discussions with his Kuwaiti and UAE counterparts, as well as with the GCC Secretary General, on containing disruptions in energy supplies and restoring trade flows at the earliest amid the ongoing West Asia crisis. India’s trade with West Asia has been disrupted severely because of … Read more