02 May 2026

India’s edible oil import strategy is expected to shift from price-led procurement to supply-driven sourcing amid geopolitical tensions in West Asia, climate uncertainties, and energy market linkages, according to the Indian Vegetable Oil Producers’ Association. Speaking at an international industry conference recently, a senior IVPA official highlighted that weak monsoons, elevated crude oil prices, and rising biofuel demand are tightening global edible oil availability. India, which imports nearly 60 per cent of its edible oil requirement, is projected to maintain imports at around 16.5 million tonnes in the current oil year. While palm oil is expected to dominate the import basket due to cost advantages, policy interventions and domestic production initiatives are likely to influence future trade patterns.Read more

28 Apr 2026

Indian government bond yields moved higher in recent sessions as crude oil prices crossed USD 100 per barrel following escalating tensions between the US and Iran. The disruption in the Strait of Hormuz, a key global energy route, has raised concerns over supply constraints and rising import costs for India. Market participants are factoring in higher inflation risks and potential pressure on economic growth. The rupee weakened, equity markets declined, and swap rates rose, reflecting broader market caution. The Reserve Bank of India has indicated a wait-and-watch approach, viewing the oil surge as a supply-driven shock.Read more

26 Apr 2026

The Union government has generated over INR 4,000 crore from scrap disposal over the past five years, highlighting the economic potential of recycling within India’s circular economy framework. Speaking at a global symposium on resource efficiency, Minister Jitendra Singh stated that recycling is emerging as a key growth driver for startups and MSMEs, moving beyond large industrial players. Policy measures such as the Extended Producer Responsibility (EPR) framework and revised Solid Waste Management Rules, effective from earlier this month, are strengthening compliance and digital monitoring. With participation from around 75,000 producers and 5,000 recyclers, the circular economy is increasingly influencing sectors including infrastructure, manufacturing and energy, supported by industry collaborations and pilot projects across key material streams.Read more

15 Apr 2026

Shri Narendra Modi and Donald Trump held a discussion on the West Asia crisis, focusing on ensuring the Strait of Hormuz remains open amid rising global energy concerns. The conversation, held in the past week, also covered progress in India US bilateral ties. US officials indicated that several big-ticket agreements, particularly in the energy sector, are expected to be finalised in the coming weeks. The development comes against the backdrop of tensions involving Iran and disruptions to global shipping routes. Both countries are also preparing for upcoming diplomatic engagements, including a planned visit by senior US officials to India, signalling continued efforts to stabilise and strengthen bilateral relations.Read more

14 Apr 2026

Escalating conflict in West Asia could push up to 2.5 million Indians into poverty and impact economic stability, according to a UNDP report. Rising fuel prices, higher freight costs and supply disruptions are reducing purchasing power, increasing food insecurity and straining public finances. India's strong dependence on the region for oil, fertilisers and trade makes it vulnerable to these shocks. Export delays, rising input costs and risks to the Kharif season may affect businesses and agriculture. Remittances from Gulf countries could also slow, impacting incomes, while job risks rise across key sectors, highlighting growing pressure on supply chains and economic resilience.Read more

14 Apr 2026

India has granted a one-time exemption for four vessels carrying Iranian crude to dock at Gujarat's Sikka port, following a request from Reliance Industries. The move comes after the US temporarily eased sanctions on Iranian oil trade to stabilise global prices amid supply disruptions in the Strait of Hormuz. India has not imported Iranian oil since 2019, making this a notable development. The permitted vessels, all older and under sanctions, have bypassed standard maritime requirements. The development reflects shifting global energy dynamics as India explores options to secure crude supplies while adhering to regulatory frameworks.Read more

13 Apr 2026

The Jammu and Kashmir government has set up a vacuum bag-based wool collection centre in Rajouri to improve wool handling and support local sheep breeders. The district produces around seven lakh kilograms of wool annually, but limited infrastructure has affected market access, especially for the Bakerwal community. The new facility uses vacuum technology to compress and protect wool, making storage and transport more efficient. Additional measures include distributing shearing machines and promoting farmer producer organisations to establish processing units with government support. The initiative aims to strengthen the supply chain and improve income opportunities for wool producers in the region.Read more

28 Mar 2026

Bhopal Municipal Corporation has presented a budget of about INR 3,938 crore for FY 2026-27, keeping property tax and water charges unchanged while increasing sewage fees. The budget focuses strongly on improving water supply and sewage infrastructure, with major investments in pipelines, treatment facilities and household tap connections. Projects under AMRUT 2.0 continue to drive expansion. Despite the relief on taxes, the civic body has projected a deficit of around INR 108 crore, reflecting financial pressure amid rising infrastructure needs and growing urban demand.Read more

27 Mar 2026

The Delhi government has presented a INR 1.037 lakh crore budget for FY27, outlining allocations across infrastructure, urban development, transport and social welfare. The budget designates 21 per cent of total spending towards environmental initiatives, while key sectors such as education, health, transport and urban development receive significant allocations. Measures include expansion of electric public transport, road upgrades, water and sewage infrastructure, and new urban facilities. The plan also introduces welfare schemes covering healthcare, women's support and education, alongside proposals for semiconductor policy development and disaster management infrastructure. The budget reflects a combined focus on urban infrastructure, environmental measures and service delivery improvements.Read more

26 Mar 2026

Delhi Chief Minister and Finance Minister Rekha Gupta presented the 2026-27 budget with a total outlay of around INR 1,03,700 crore, positioning it as a & green budget focused on infrastructure, connectivity, and urban development. The government projected tax revenue of INR 74,000 crore and significant allocations across sectors, including public works, power, water management, and municipal support. Key announcements included road upgrades, flyover expansion, dust-free road initiatives, and strengthened firefighting systems. The budget also emphasized development in trans-Yamuna areas and industrial zones.Read more