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Government of India invokes the Essential Commodities Act, 1955, to regulate the availability, supply and equitable distribution of petroleum and petroleum products and natural gas

#Policy #Petroleum #Oil
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India's finished steel #exports jump 36.6% in April-February #MakeInIndia
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Bengaluru finally plans to revive municipal bonds to fund city infrastructure.

Bengaluru was among Indiaโ€™s early issuers (1997) but hasnโ€™t meaningfully used this route since. May be because of weak municipal balance sheets, poor revenue buoyancy (especially property tax) and fragmentation of local governance across multiple civic agencies

Under the plan:
โ€ข 5 city corporations will tap markets
โ€ข โ‚น200 crore each
โ€ข โ‚น1,000 crore total in the first phase

Municipal bonds can provide cheaper, market-based financing and reduce dependence on state grants. And a model used globally for urban infrastructure. #Economy #Policy
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Exclusive: Pakistan demolishes unrepairable Command and Control building at Murid airbase, hit by IAF during #OpSindoor (May 10, 2025). Reconstruction FAILED.

https://www.ndtv.com/world-news/failed-repairs-pakistan-demolishes-murid-air-base-building-hit-during-operation-sindoor-11193438
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DRDO has received an AoN for the Long Range Air-to-Surface Supersonic Cruise Missile (LRASSCM) aimed at giving the IAF a long-range stand-off precision strike capability.

#defence
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๐Ÿ”ด New ayatollah Mojtaba Khamenei owns luxury flats next to Israeli embassy in London ๐Ÿ‡ฌ๐Ÿ‡ง

Read more:

https://www.telegraph.co.uk/news/2026/03/09/irans-new-ayatollah-owns-flats-next-israeli-embassy-london/?WT.mc_id=tmgoff_tw_post_flats-next-israeli-embassy-london/
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Cabinet approves extension of Jal Jeevan Mission (JJM) period up to December 2028 with enhanced outlay and restructured implementation focusing on structural reforms in rural drinking #water supply sector under JJM 2.0 #Policy
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India eases investments from China

India Cabinet statement says they have approved changes in guidelines on investments from "countries sharing land borders with India"

#Geopolitics
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๐Ÿ‡ฆ๐Ÿ‡ช The largest oil refinery in the UAE in Ruwais stopped its operations after a drone attack

The refinery's capacity is 922,000 barrels per day, making it the 4th largest in the in the world.

#Energy
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A 26-year timeline of LPG prices in India across governments. #Energy #Economy
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No Indian distributor has run dry, no change in wait time for cylinders. India has 70 days of LPG storage: Government Sources on India's LPG stock

#Energy
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Hardeep Singh Puri will do a press conference to deny allegations on Epstein files but won't do one in an international crisis, while lying through "govt. sources"
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Indigo CEO Peter Elbiers resigns with immediate effect.

Indigo MD Rahul Bhatia to take over on an interim basis. #Aviation
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