Not a single retail outlet ran dry. Every household that wanted a cylinder got one. India faced neither a 1991 moment nor a 2013 one. Macroeconomic stability held. This was not an accident, and it was not luck alone. It was the work of a government that chose to act as it had during the pandemic -- deliberately and gradually, building one measure upon another rather than reaching for a single dramatic lever, explains V Anantha Nageswaran, chief economic advisor to the Government of India.
That means making it easier to invest, protecting investors through predictable rules, and avoiding policy reversals after investments have been made, notes Rajeswari Sengupta.
Following Education Minister Dharmendra Pradhan's resignation amidst widespread student protests over the NEET paper leak, Congress leader Rahul Gandhi congratulated the youth, calling it a crucial step for education reform, and urged broader public action to hold the government accountable, demanding an apology from Prime Minister Narendra Modi.
India's dual pursuit of a robust strategic partnership with Washington and a pragmatic, tension-management policy with Beijing represents the essence of modern multi-alignment. By embracing economic pragmatism, learning to compartmentalize political differences, and engaging in continuous dialogue, India can secure its borders, grow its economy, and contribute to a stable, multipolar Asian century, points out Ambassador Rajasekhar.
Fitch Ratings has affirmed India's sovereign credit rating at 'BBB-' with a stable outlook, acknowledging robust growth prospects and strong external finances. However, the agency highlighted concerns over elevated government debt, lagging structural metrics, and potential fiscal spending pressures due to rising youth unemployment.
BJP leaders Rajeev Chandrasekhar and B B Gopakumar have accused both the UDF and LDF governments of pushing Kerala into an economic crisis. They criticised the lack of solutions from the ruling fronts, highlighted the state's high public debt, and questioned the allocation of revenue for development versus salaries and pensions.
A fresh clash erupted between protesters from Assam and Arunachal Pradesh in Dhemaji district, leading to police firing in the air, as an indefinite economic blockade against Arunachal Pradesh entered its second day over land encroachment issues and an earlier firing incident.
Supreme Leader Mojtaba Khamenei has reshuffled Iran's political and national-security establishment, appointing former SNSC Secretary Mohammad Bagher Zolghadr as his political adviser and veteran IRGC commander Mohsen Rezaei as his representative on the Supreme National Security Council, consolidating power amid the West Asia crisis and Strait of Hormuz tensions.
Chief Economic Advisor V Anantha Nageswaran has stressed the urgent need for India's financial sector to proactively address the safety and security risks of artificial intelligence, stating that waiting for problems to materialise is not an option.
NPCI International Payments Ltd (NIPL) and Maldives Monetary Authority (MMA) have successfully integrated the Maldives' instant payment system 'Favara' with India's Unified Payments Interface (UPI). This enables real-time fund transfers from Maldives to UPI-enabled Indian bank accounts, marking a significant step in cross-border digital financial connectivity and bilateral economic cooperation.
A research paper by the National Council of Applied Economic Research (NCAER) recommends that Bihar revoke its alcohol ban, citing its failure to reduce violence against women and a rise in illicit drug and alcohol consumption. The report suggests that reinstating the liquor excise tax would significantly increase state revenues and decrease enforcement costs.
FICCI FLO and UP BJP MLA Rajeshwar Singh are collaborating to train 100 women as 'drone pilots' in Lucknow. This initiative aims to provide employment and entrepreneurship opportunities in the burgeoning drone economy. The announcement was made at an event where MLA Singh also highlighted his efforts in public grievance redressal and establishing women's empowerment centres in his constituency.
India's 10 most valuable families had a combined valuation of Rs 70.5 trillion.
The Indian government has approved the introduction of one billion polymer banknotes in Rs 10 and Rs 20 denominations for field trials, aiming to enhance durability. This move comes as the Finance Minister also addressed Parliament on declining retail inflation, GST reforms, and other fiscal measures taken to support the economy and household consumption.
The Indian Embassy in the US strongly refuted a New York Times headline referring to "Pakistani Kashmir," asserting that there is only Pakistan-occupied Kashmir (PoK) and that Jammu & Kashmir and Ladakh are integral parts of India. The embassy highlighted Pakistan's illegal occupation and exploitation of these territories, linking it to ongoing protests in PoK.
The Reserve Bank of India (RBI) maintained its key policy rates for the fourth consecutive time, keeping the repo rate at 5.25 per cent, while the benchmark BSE Sensex closed 152 points higher in a volatile session, recovering from an intraday dip.
The best time to buy health insurance is when you don't think you need it.
Waterlogging at the newly-built Noida International Airport in Jewar after heavy rains has ignited a political dispute between the Samajwadi Party and the BJP government. While SP chief Akhilesh Yadav criticised the infrastructure, airport authorities stated the temporary water accumulation was cleared within 30 minutes without disrupting operations. BJP MLA Dhirendra Singh defended the development, accusing the opposition of politicising the issue.
Tata Steel more than doubled its Indian capacity through acquisitions and expansion, strengthening cash generation as it pursued a costly restructuring of its European operations.
Understanding the most common mistakes during market downturns can help you protect your investments and stay focused on your long-term financial goals, says Ramalingam Kalirajan
The West Bengal government has revoked the Banga Bibhushan, its highest civilian award, from Rajya Sabha MP Nagendranath Roy (Ananta Maharaj) following his alleged derogatory remarks about Netaji Subhas Chandra Bose. The annulment came after Chief Minister Suvendu Adhikari's directive for stringent action against those making such comments, with the government citing the remarks as inconsistent with the honour's dignity and purpose.
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The era of 'randomly' scheduling bilateral series is over, but the ODI format can continue to survive and thrive with its place 'inextricably' linked to the World Cup, said ICC CEO Sanjog Gupta in an interview to PTI.
Mahindra Group Chairman Anand Mahindra announced the company would adopt an 'attack mode' strategy, accelerating investment, innovation, and execution to capitalise on opportunities arising from prolonged geopolitical and economic uncertainty.
Hangors are effectively 'dead-on-arrival' with Pakistanis saddled with deadweights that displace around 3,000 tons. Last time it was near Vishakhapatnam. This time, barnacles will clog the Hangors in Karachi port itself, points out Dr Abhishek Puri.
Air India has announced the appointment of Tewolde Gebremariam, former CEO of Ethiopian Airlines Group, as its new Managing Director and Chief Executive Officer, replacing Campbell Wilson. This strategic appointment comes as the airline navigates expansion amidst significant challenges.
Discover the top OTT releases this week, featuring a compelling mix of Hindi dramas like Imtiaz Ali's Main Vaapas Aaunga and Manoj Bajpayee's Governor, alongside regional and international titles.
'Having analysed the break up of the hospital billing structure the committee believes that rationalising of room charges needs to be done on an emergent basis.'
A Parliamentary Standing Committee on Commerce has urged the Indian government to swiftly conclude the proposed India-US Bilateral Trade Agreement (BTA), while ensuring India's interests are protected, recommending complete exemption for key export products like generic medicines and smartphones from future US tariff increases.
BMW India CFO Carsten Lammers has expressed surprise at the extensive scale and prolonged duration of tax and Customs litigation in India, advocating for faster dispute resolution and simpler procedures to ensure business stability.
The Tamil Nadu Assembly has adopted a resolution, moved by Chief Minister C Joseph Vijay, urging the Union government to permanently fix the Lok Sabha strength at 543 and implement 33 per cent women's reservation by 2029. The resolution also opposes delimitation that could disadvantage states successful in population control.
'...especially pressure on the rupee, the current account deficit, and foreign exchange outflows.' 'The key question over the next several months is whether the government can prevent external turbulence from feeding into domestic economic pessimism.'
'After announcing that she will return to Bangladesh, if she does not, her credibility will suffer.'
'The BJP has all the instruments with them and they do have a sense of purpose, so I don't think there will be a challenge.'
India's foreign exchange reserves increased by USD 6.118 billion, reaching USD 682.354 billion for the week ending July 24, according to the Reserve Bank of India.
From guns to handlooms. From forest trails to a public runway. Women who had once been associated with that conflict walked into the spotlight wearing Bastar's traditional textiles.
Generative artificial intelligence (AI) is beginning to alter hiring patterns in South Asia, with multinational companies (MNCs) and firms integrated into global value chains (GVCs) reducing recruitment more sharply than domestic firms, signalling the technology's early impact on the region's export-oriented services sector, according to the World Bank's World Development Report 2026.
'He wanted to know what products I'd brought along, so I showed him jackfruit flour, which research has linked to managing type 2 diabetes.' 'Then jackfruit seed flour, a strong source of protein that rural households have eaten for generations without it ever becoming a commercial product. I gave him ripe jackfruit chips too.'
"Our endeavour is to bring headline inflation in line with the target over the medium term," said RBI Governor Sanjay Malhotra, addressing concerns about the central bank's policy stance and economic outlook.
'Applying AI to change the lives of Indians and at population scale -- just like we did with DPI [digital public infrastructure] -- is really where it's going to go.'
