The United Nations has revised downward India's economic growth forecast for 2026 to 6.4 per cent from its earlier projection of 6.6 per cent, citing global uncertainties and economic shocks arising from the ongoing West Asia crisis.

As per the report released by the UN Department of Economic and Social Affairs (UN DESA) on Tuesday, India, however, remains one of the fastest-growing major economies.

Andhra Pradesh has approved the allocation of the 2,250 megawatt (Mw) Gandikota-2 Pumped Storage Project (PSP) in YSR Kadapa district to Adani Hydro Energy Eleven, strengthening the state’s position as India’s clean energy hub.

Gandikota-2 PSP – scheduled to be completed within 72 months – is one of the largest pumped storage projects in the country and a key pillar of Andhra Pradesh’s power infrastructure strategy.

Global investors expect the Indian rupee to weaken further, with some even gaming out scenarios where the currency falls to an unprecedented 100 per dollar.

Firms including Aberdeen Investments, MetLife Investment Management and Gamma Asset Management SA say the rupee hitting three digits versus the greenback remains a possibility.

Union Civil Aviation Minister Kinjarapu Rammohan Naidu on Wednesday said the country must be prepared to tackle any possible fallout of the escalating crisis in West Asia, although the situation was "not worrisome for India at present".

During his maiden visit to Ranchi, Naidu said every sector, including civil aviation, must plan proactively to minimise the impact of the cirsis on people and the country.

President Donald Trump threatened to resume strikes on Iran in the coming days as part of the push for a deal to end the war, after he said he had just called off a US attack.

“I hope we don’t have to do the war, but we may have to give them another big hit,” Trump told reporters on Tuesday.

Reliance Industries Limited (RIL) and two other foreign firms on Wednesday told the Supreme Court that they would write to the Centre for mediation in the Krishna-Godavari basin gas migration dispute.

The matter was mentioned before a bench of Chief Justice Surya Kant and Justices Joymalya Bagchi and Vipul M Pancholi.

The West Bengal government on Monday sanctioned the prosecution of former R G Kar Medical College and Hospital principal Sandip Ghosh in connection with a case of financial irregularities linked to the institution.

An order issued by the Department of Health and Family Welfare stated the governor, being the competent authority.

India is considering a request by the domestic vegetable oil industry to raise import duties, potentially increasing taxes on another major commodity just after a hike in gold tariffs.

The world’s top edible oil buyer is examining whether higher taxes would help local farmers fetch better prices for their crops, according to a person familiar with the matter.

The US Treasury will extend a sanctions waiver allowing purchases of Russian seaborne oil for another 30 days to aid “energy-vulnerable” countries cut off from Gulf oil supplies, Treasury Secretary Scott Bessent said on Monday.

Bessent said the Treasury was issuing the 30-day general licence after a previous waiver lapsed on Saturday.

Petrol and diesel prices were hiked by about 90 paise per litre on Tuesday, marking the second increase in fuel rates in less than a week after state-run oil firms ended a nearly four-year freeze on revisions.

The increase pushed petrol prices in New Delhi to ₹98.64 per litre from ₹97.77, while diesel rose to ₹91.58 from ₹90.67, according to industry sources.

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