The UAE, in a startling announcement, said that it will withdraw from OPEC and the wider OPEC alliance, effectively ending nearly six decades of cooperation, in a move carrying potentially …
Energy
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Energy Prices Projected to Surge 24% in 2026 on Middle East Supply Shock
by R. Suryamurthy 3 minutes readA projected 24% surge in global energy prices this year is set to anchor a broader, longer-lasting commodity shock, with inflationary pressures and slower growth likely to persist into 2027 …
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Iran Says Talks in Islamabad Possible Only After US Lifts Naval Blockade
by UNIby UNI 3 minutes readIran on Wednesday said it would come to the negotiating table in Islamabad only if the United States ends its naval blockade of the Iranian ports, calling it a violation …
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U.S.-India Insight: Potted Plants are Pretty but the Jungle Teems with Life
by Richard M. Rossow, CSIS 5 minutes readAt both the Union and state level, India’s policy reform priorities tend to focus around a “potted plant approach” to growth – creating special incentives for targeted sectors. Many economies …
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Trump Says Talks with Iran Moving Forward, Calls Backchannel Diplomacy ‘Very Good’
by UNIby UNI 2 minutes readPresident Donald Trump said on Saturday that talks with Iran are moving forward, calling the ongoing backchannel diplomacy “very good conversations” with efforts ongoing to turn the fragile ceasefire into …
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Against the backdrop of escalating tensions in West Asia and mounting risks around the Strait of Hormuz, the Union Cabinet on Saturday approved the creation of a government-backed ‘Bharat Maritime …
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India’s Digital Energy Initiative Takes Center Stage at World Bank Spring Meetings
by T. Vishnudatta Jayaraman 3 minutes readAt the 2026 World Bank Group Spring Meetings in Washington, D.C., India’s Secretary of Finance for the Department of Economic Affairs, Anuradha Thakur, delivered keynote remarks at the “Smart, Connected, Customer-Centric: …
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IMF Urges South Asia to Use Fiscal Buffers Prudently Amid Global Commodity Volatility
by T. Vishnudatta Jayaraman 5 minutes readThe International Monetary Fund (IMF) has urged South Asian nations to deploy their fiscal buffers judiciously, emphasizing that countries such as India have demonstrated “prudent” fiscal management. “I think they …
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India on Friday stepped up its diplomatic and domestic response to the escalating crisis in West Asia, using the sidelines of the G7 Foreign Ministers’ Meeting to press for global …
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Fuel Duty Cut Turns Oil Shock into Fiscal Crisis for Centre
by R. Suryamurthy 6 minutes readThe Union government’s decision to cut excise duties on petrol and diesel by ₹10 per liter — even as it reimposes export levies on refined fuels — represents a calculated …