Economy news

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• Over 10.3 Crore Poor Families Getting LPG At Subsidised Price: Minister

  03-04-2025 15:49 via zeenews.india.com
  
  The PMUY was launched in May 2016 with the objective of providing a deposit-free LPG connection to adult women from poor households across the country. 
  
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• Govt raises LPG price for all categories; special excise duty on petrol, diesel

  07-04-2025 20:51 via timesofindia.indiatimes.com
  
  The government has increased LPG prices for all categories, including Ujjwala beneficiaries, and raised the special additional excise duty on petrol and diesel by Rs 2 per litre.
  
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• Goldman Sachs upgrades US recession risk to 45% amid escalating trade war tensions

  07-04-2025 18:34 via timesofindia.indiatimes.com
  
  Goldman Sachs has increased the probability of a US recession to 45% due to concerns over President Trump's proposed tariffs and their potential disruption to the global economy. Several other major investment banks, including JP Morgan, have also raised their recession risk predictions. Consequently, Goldman Sachs now anticipates the Federal Reserve to begin cutting interest rates in June.
  
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• Warren Buffett defies market trend! World’s 6th richest person gains $12.7 billion in net worth even as other billionaires lose money in crash

  07-04-2025 18:22 via timesofindia.indiatimes.com
  
  Amidst a tumultuous 2025 marked by a significant stock market crash triggered by Trump's tariffs, Warren Buffett's net worth has uniquely increased by $12.7 billion, reaching $155 billion. While other billionaires experienced substantial losses, Buffett's Berkshire Hathaway strategically reduced tech holdings.
  
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• Bond yields across the world tumble as tariff war fears drive investor to seek safe havens

  07-04-2025 17:47 via timesofindia.indiatimes.com
  
  Global bond yields have significantly decreased following President Trump's tariff announcement, triggering a flight to safe-haven assets amidst stock market volatility. Germany's 10-year bund yield dropped, mirroring similar declines in US Treasury and Japanese bond yields. Investors are increasingly concerned about a potential global growth slowdown or even a US recession due to unpredictable trade policies.
  
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• 'Don’t sell, just hold': Jim Cramer advises investors amid swinging US market

  07-04-2025 17:19 via timesofindia.indiatimes.com
  
  Amidst market turbulence triggered by President Trump's tariff announcement, CNBC's Jim Cramer advised long-term investors to hold steady. Drawing parallels to the 2007-2008 financial crisis, Cramer assured that markets would eventually recover, though it might take time. He viewed the current downturn as a buying opportunity, cautioning against panic selling.
  
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• Stock market crash: What’s the road ahead for Sensex, Nifty? Top 5 reasons investors shouldn’t panic about short-term ‘noise’ due to Trump tariffs

  07-04-2025 16:25 via timesofindia.indiatimes.com
  
  Indian stock markets experienced a significant downturn, mirroring global market anxieties fueled by US tariffs and recession fears. The Sensex and Nifty witnessed their steepest single-day fall in months, eroding investor wealth substantially. While experts anticipate continued volatility, they remain optimistic about India's long-term growth, citing strong macroeconomic fundamentals and domestic institutional support.
  
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• Gold prices drop by 1,550 to Rs 91,450 as trade war triggers global selloff and recession fears

  07-04-2025 16:17 via timesofindia.indiatimes.com
  
  Gold prices plummeted by Rs 1,550 to Rs 91,450 per 10 grams in Delhi, influenced by jewellers' selling and a weak global trend. Silver also declined sharply, dropping by Rs 3,000 to Rs 92,500 per kg. Investors are closely monitoring US CPI data and the RBI's monetary policy meeting for future direction.
  
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• US Tariffs: Gold, Crude Oil Prices Tumble Amid Global Uncertainty

  07-04-2025 15:45 via zeenews.india.com
  
  On Monday, Brent crude was trading 2.12 per cent lower at $64.24 per barrel, while West Texas Intermediate (WTI) crude dropped 2.24 per cent to $60.61 per barrel.  
  
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• US stock markets crash: Dow Jones plummets, S&P 500 down 4% as Donald Trump tariffs, recession fears loom large

  07-04-2025 15:43 via timesofindia.indiatimes.com
  
  Global markets are reeling following President Trump's tariff announcements, with significant losses across Europe and Asia. The S&P 500 index futures also declined sharply. Concerns over a potential recession are mounting.
  
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• IDBI Bank's Insolvency Appeal Against ZEEL Dismissed By NCLAT; Know Why

  07-04-2025 14:47 via zeenews.india.com
  
  IDBI vs ZEEL Case: In May 2023, the Mumbai arm of the bankruptcy court dismissed IDBI Bank's petition against ZEEL, ruling that the alleged default fell within the protected period under Section 10A IBC. 
  
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• Pakistan stock market crash: Trading suspended after KSE-100 index plummets by 8,600 points

  07-04-2025 14:44 via timesofindia.indiatimes.com
  
  Trading at the Pakistan Stock Exchange was halted for an hour as the KSE-100 index plunged over 8,000 points, driven by US tariffs and fears of a global recession. Despite the halt, the PSX saw an additional 2,000-point drop, closing at 114,909.48 points, down 3.27%. Analysts attribute the sharp decline to panic selling amid economic uncertainty.
  
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• Tata Power To Set Up 100 MW Battery Energy Storage System In Mumbai

  07-04-2025 14:34 via zeenews.india.com
  
  The company’s future plans include the integration of BESS into the Distributed Energy Resource Management System (DERMS) to enhance operational efficiency.  
  
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• EU seeks tariff elimination on car imports from India, domestic industry remains cautious

  07-04-2025 14:06 via timesofindia.indiatimes.com
  
  The European Union urges India to significantly lower tariffs on car imports from over 100% to 10% amid trade deal negotiations. Despite domestic automakers' concerns, the potential agreement would benefit European carmakers like Volkswagen and Tesla. Both sides are showing flexibility to finalize the deal by year-end to prevent economic repercussions.
  
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• Rupee slips 38 paise to close at 85.82 against US dollar after Monday mayhem

  07-04-2025 13:32 via timesofindia.indiatimes.com
  
  The Indian rupee experienced a substantial decline, falling 38 paise to settle at 85.82 against the US dollar due to global market volatility linked to trade tensions and economic slowdown fears. Despite falling crude oil prices, the rupee weakened as both FIIs and domestic investors withdrew. The RBI's monetary policy decision and lower crude prices may influence future rupee trends.
  
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• Domestic LPG Prices Hiked By Rs 50 Per Cylinder, Check How Much You Need To Pay For LPG In Your City

  07-04-2025 13:18 via zeenews.india.com
  
  The price of 14.2-kg LPG cylinder will increase from Rs 803 to Rs 853 for general users and from Rs 503 to Rs 553 per 14.2 kg cylinder for users under the Ujwalla scheme.
  
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• Monday Mayhem: Sensex Sinks 2,227 Points As Trade War Fears Engulf Global Markets

  07-04-2025 13:14 via zeenews.india.com
  
  The 30-share BSE Sensex crashed 2,226.79 points or 2.95 per cent to settle at 73,137.90, recording its third day of decline. During the day, the index slumped 3,939.68 points or 5.22 per cent to 71,425.01.
  
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• No panic selling in Gold, fundamentals stay strong despite recent price dip: WGC

  07-04-2025 12:59 via timesofindia.indiatimes.com
  
  The World Gold Council reassures investors that gold remains a strong asset despite recent price drops due to geopolitical tensions and market fluctuations. WGC's Regional CEO for India, Sachin Jain, noted the decline was anticipated and is not panic selling. Gold remains in demand, driven by central banks and geopolitical instability, making it a reliable long-term investment.
  
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• Petrol, Diesel Excise Duty Hiked By Rs 2 Per Litre; No Impact On Retail Prices Of Fuel

  07-04-2025 12:56 via zeenews.india.com
  
  The excise duty on petrol was increased to Rs 13 per litre and that on diesel to Rs 10, however the PSU companies have clarified that there will be no increase in the retail price of fuel due to this.
  
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• Female AIS Officers, Pensioners Can Nominate Her Children For Family Pension Instead Of Husband If...

  07-04-2025 12:47 via zeenews.india.com
  
  The DoPT rule issued on 28 March 2025 allows female AIS officers/pensioners to nominate her child/children or family pension in precedence to her husband in due to the following reasons.
  
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• PM Mudra Yojana Crosses Key Milestone Of 52 Crore Loans To Poors In 10 years

  07-04-2025 12:32 via zeenews.india.com
  
  The scheme has led to the empowerment of women, as nearly 70 per cent of Mudra loans have been availed by women entrepreneurs, enhancing their financial independence and contributing to gender equality. 
  
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• Petrol, Diesel Excise Duty Hiked By Rs 2 Per Litre; Will It Impact Retail Prices Of Fuel?

  07-04-2025 12:08 via zeenews.india.com
  
  The excise duty on petrol was increased to Rs 13 per litre and that on diesel to Rs 10, the order said.
  
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• Petrol, diesel to get costlier? Govt hikes excise duty by Rs 2

  07-04-2025 12:07 via timesofindia.indiatimes.com
  
  The Central government increased excise duty by Rs 2 each on petrol and diesel, with petrol duty reaching Rs 13 per litre and diesel Rs 10. Retail prices are unlikely to change as the hike will likely offset the decrease in international oil prices. New rates are effective from April 8.
  
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• Fuel excise duty hiked by Rs 2: Why it won't impact consumers

  07-04-2025 12:07 via timesofindia.indiatimes.com
  
  The Central government increased excise duty by Rs 2 each on petrol and diesel, with petrol duty reaching Rs 13 per litre and diesel Rs 10. Retail prices are unlikely to change as the hike will likely offset the decrease in international oil prices. New rates are effective from April 8.
  
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• Bitcoin, Ethereum, and major cryptocurrencies plunge as US tariff plans fuel recession fears

  07-04-2025 11:53 via timesofindia.indiatimes.com
  
  Cryptocurrencies, including Bitcoin and Ethereum, are experiencing significant declines due to heightened global risk sentiment following new US tariff announcements by President Trump. Bitcoin fell below $75,000, while Ethereum dropped 18.4%. The market cap of cryptocurrencies shrank by 8.59% to $2.44 trillion, amid fears of a potential recession and speculative interest rate cuts.
  
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• India's exports to US could face $5.76 billion decline in 2025

  07-04-2025 11:18 via timesofindia.indiatimes.com
  
  India’s merchandise exports to the US are set to drop by USD 5.76 billion in 2025 due to increased US tariffs. Key sectors like electronics, seafood, and gold will be most impacted. However, India's textiles and pharmaceuticals may see gains. The new tariffs significantly affect a broad range of goods valued at USD 67.2 billion.
  
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• India’s richest 4 persons lose over $10 billion in today’s stock market crash! From Ambani to Adani - check impact on net worth

  07-04-2025 11:17 via timesofindia.indiatimes.com
  
  India's top billionaires, including Mukesh Ambani and Gautam Adani, faced a combined $10.3 billion hit due to a major stock market crash driven by global trade conflicts and US recession concerns.
  
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• Gems, gadgets and groceries: Which goods will get costlier after Trump’s tariff move?

  07-04-2025 10:25 via timesofindia.indiatimes.com
  
  US President Trump has initiated a 10 per cent tariff on global imports, significantly impacting trade with 180 countries. Indian exports, notably gems and jewellery, face a flat 26 per cent duty. Numerous industries worldwide, from tech giants to automotive companies, are bracing for price hikes and supply chain disruptions.
  
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• Tata group to raise $1.3 billion for BigBasket and 1mg: Report

  07-04-2025 10:05 via timesofindia.indiatimes.com
  
  The Tata group aims to raise $1.3 billion for digital ventures BigBasket and Tata 1mg, with $1 billion allocated to BigBasket and $300 million to Tata 1mg. This move is intended to boost their competitiveness in quick commerce and online healthcare. Despite significant investments, the group seeks profitability and growth across its digital platforms.
  
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• Stock Market Turbulence Draws Similarities To 1987 Black Monday Disaster; What Exactly Happened Back In History?

  07-04-2025 09:58 via zeenews.india.com
  
  What Is Black Monday? What Exactly Happened Back In History? Why Stock Market Meltdown Is A Reminder Of Black Monday 1987?
  
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