Economy News

RBI allows banks to offer higher interest on NRI deposits to draw more foreign funds

The RBI has temporarily relaxed interest rate restrictions on fresh FCNR(B) and NRE deposits until September 30, allowing banks to offer higher returns to non-resident Indians. The move is aimed at attracting more foreign currency inflows, boosting India's forex reserves and supporting the rupee.

Jun 17, 2026

Roadmap to Energy Security: How India Can Reduce Dependence on the Strait of Hormuz

India's Strategic Oil Reserves Cover Just 10 Days Of Imports, Far Behind Japan And South Korea's 200-Plus Days Buffer: Report

India's limited emergency crude reserves have come under scrutiny as global energy security concerns intensify amid geopolitical tensions.

Jun 17, 2026

No Monsoon Yet: India Banks on Reservoirs, Foodgrain Stocks as El Niño Risks Emerge; Govt Ramps Up Kharif Planning

El Niño is a climate phenomenon that occurs when surface waters in the central and eastern tropical Pacific Ocean become unusually warm. This warming disrupts global weather patterns and can significantly affect rainfall, temperatures, agriculture and water availability across many countries, including India.

Jun 16, 2026

No Monsoon Yet: India Banks on Reservoirs, Foodgrain Stocks as El Niño Risks Emerge; Govt Ramps Up Kharif Planning

Jun 16, 2026

Navi Mumbai, Guwahati airports earn global honour for design and sustainability

Other airports included in the 2026 list are located in Guangzhou, China; Frankfurt am Main, Germany; Kandal Stueng, Cambodia; Pittsburgh, United States; and San Diego, United States.

Jun 16, 2026

OMC under-recoveries shrink sharply as crude oil prices tumble on US-Iran peace deal

Centre hikes fuel export levies; diesel duty at Rs 14/litre, ATF at Rs 12.5/litre

The special additional excise duty (SAED) on diesel exports has been raised to Rs 14 per litre from Rs 13.5 per litre, and on ATF exports to Rs 12.5 per litre from Rs 9.5 per litre

Jun 16, 2026

Govt Clarifies No Plan To Monetise Gold Held By Temples

Gold, silver prices jump up to 3 pc despite easing West Asia tensions

The gains came even as geopolitical tensions eased after US President Donald Trump announced that Washington and Tehran had reached a peace agreement and that the deal is expected to be formally signed on June 19.

Jun 15, 2026

Global crude oil prices rally up to 3 pc as US-Iran tensions escalate

OMC under-recoveries shrink sharply as crude oil prices tumble on US-Iran peace deal

Petrol under-recoveries have fallen 83 per cent from Rs 24 per litre to Rs 3 per litre, while diesel under-recoveries have declined 75 per cent from Rs 105 per litre to Rs 27 per litre since April. Global crude oil prices dropped nearly 5 per cent after the US and Iran announced a peace deal

Jun 15, 2026

Rebel TMC MPs met Lok Sabha Speaker Om Birla at his residence, in Delhi today

20 Rebel TMC MPs Seek Merger With Little-Known NCPI, Speaker Om Birla Reviewing

The Nationalist Citizens Party of India (NCPI), a registered but unrecognised political party with no MPs or MLAs, could become the Lok Sabha's fifth-largest party if the proposed merger of 20 rebel TMC MPs is approved.

Jun 15, 2026

India's WPI inflation stays in negative zone in Nov, overall outlook benign

El Nino likely to impact food prices, inflation projected to settle in 5.2–5.5 pc range in FY27

There is an 80% chance of El Niño during June–August and over a 90% probability that it will continue until at least November. While reservoir levels remain above normal and vegetable supplies are currently adequate.

Jun 14, 2026

Approved 100 pc ethanol fuel use to cut fossil fuel imports: Nitin Gadkari

The announcement follows the government's recent introduction of E85 fuel for flex-fuel vehicles. Petroleum Minister Hardeep Singh Puri highlighted that India achieved its 20% ethanol blending target in petrol ahead of schedule, reaching the milestone in 2024 instead of 2030.

Jun 14, 2026

Easy Money Can Lead To Jail: RBI Warns Public Against Becoming Money Mules Through Bank Accounts

RBI has warned people against becoming money mules by allowing others to use their bank accounts for money transfers. Fraudsters often offer easy money in return. Sharing banking details or facilitating suspicious transactions can lead to legal action, penalties and even imprisonment.

Jun 14, 2026

Monthly SIPs in India grow nearly 10 times over last decade: Report

Monthly SIPs growing nearly 10 times over last decade: Report

Despite market disruptions and global uncertainties, retail investor participation has remained strong, with SIP assets reaching Rs 17.12 lakh crore. However, the report also highlighted increasing churn, as SIP discontinuations nearly matched new registrations, while mutual fund assets under management stood at

Jun 13, 2026

Centre Removes Excise Duty on Higher Ethanol-Blended Petrol: What It Means for Consumers [explainer]

Centre Removes Excise Duty on Higher Ethanol-Blended Petrol: What It Means [explainer]

According to a government notification, cited in a Reuters report, petrol containing 22 per cent to 30 per cent ethanol will not attract excise duty. The exemption covers fuel variants such as E22, E25, E27 and E30, marking the first major fiscal incentive for ethanol blends above E20.

Jun 12, 2026

India's Retail Inflation Rises to 3.93% in May, Remains Below RBI's 4% Target

June policy review, the RBI raised its FY27 inflation forecast to 5.1% from 4.6%, while keeping the repo rate unchanged at 5.25%. Despite inflation concerns, India's economy remained resilient, with GDP growth at 7.8% in Q4 and 7.7% for FY26.

Jun 12, 2026

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Economy News

RBI allows banks to offer higher interest on NRI deposits to draw more foreign funds

India's Strategic Oil Reserves Cover Just 10 Days Of Imports, Far Behind Japan And South Korea's 200-Plus Days Buffer: Report

No Monsoon Yet: India Banks on Reservoirs, Foodgrain Stocks as El Niño Risks Emerge; Govt Ramps Up Kharif Planning

No Monsoon Yet: India Banks on Reservoirs, Foodgrain Stocks as El Niño Risks Emerge; Govt Ramps Up Kharif Planning

Navi Mumbai, Guwahati airports earn global honour for design and sustainability

Centre hikes fuel export levies; diesel duty at Rs 14/litre, ATF at Rs 12.5/litre

Gold, silver prices jump up to 3 pc despite easing West Asia tensions

OMC under-recoveries shrink sharply as crude oil prices tumble on US-Iran peace deal

20 Rebel TMC MPs Seek Merger With Little-Known NCPI, Speaker Om Birla Reviewing

El Nino likely to impact food prices, inflation projected to settle in 5.2–5.5 pc range in FY27

Approved 100 pc ethanol fuel use to cut fossil fuel imports: Nitin Gadkari

Easy Money Can Lead To Jail: RBI Warns Public Against Becoming Money Mules Through Bank Accounts

Monthly SIPs growing nearly 10 times over last decade: Report

Centre Removes Excise Duty on Higher Ethanol-Blended Petrol: What It Means [explainer]

India's Retail Inflation Rises to 3.93% in May, Remains Below RBI's 4% Target

Time for India to follow suit? France, Germany, Netherlands, US banned use of EVMs [here's why]

Dhanush's Captain Miller has no buyers in Telugu states? Here's why

Deepika Padukone is a sight to behold in velvet gown; attends Academy Museum Gala with Selena Gomez, Dua Lip [see pics]

Is exhibiting cleavage mandatory? Malaika Arora opts for low neck sleeveless outfit at event in Vrindavan, leaves netizens furious

'She is cruel…': Ankita Lokhande CRIES after fight with Mannara, tells Vicky she wants to go home; fans react