Business – Artifex.News https://artifex.news Stay Connected. Stay Informed. Fri, 16 Oct 2026 09:21:00 +0000 en-US hourly 1 https://wordpress.org/?v=7.1.3 https://artifex.news/wp-content/uploads/2026/05/cropped-cropped-app-logo-32x32.png Business – Artifex.News https://artifex.news 32 32 What changes under India’s proposed BS-VII vehicle emission rules | Explained https://artifex.news/article71591595-ece/ Fri, 16 Oct 2026 09:21:00 +0000 https://artifex.news/article71591595-ece/ Read More “What changes under India’s proposed BS-VII vehicle emission rules | Explained” »

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India’s next vehicle emission standards would look beyond the smoke coming out of a vehicle’s exhaust. The proposed Bharat Stage VII (BS-VII) rules would also address pollution from brakes and tyres, check how well electric-vehicle batteries hold up over time, and require manufacturers to test vehicles under more realistic driving conditions.

The Ministry of Road Transport and Highways has proposed bringing in the standards gradually, starting with passenger cars from April 1, 2029, light commercial vehicles from April 2030, and buses and heavy trucks from April 2031. The draft notifications were published in October 2026. They invite public comments for 30 days from the date copies of the notifications are made available to the public. The standards could change before they are finalised.

What is changing from BS-VI to BS-VII?

India moved to Bharat Stage VI (BS-VI) emission standards nationwide in April 2020. Those rules tightened limits on pollutants such as nitrogen oxides and particulate matter and introduced real-driving emissions tests for applicable vehicles.

The proposed BS-VII standards would go beyond exhaust emissions measured in tests. They propose measuring smaller particles, checking emissions under real-world driving conditions and monitoring how vehicles’ emissions-control systems perform over time.

For passenger cars, the draft retains the principal tailpipe emission limits for carbon monoxide, nitrogen oxides and exhaust particulate matter. The proposed changes focus instead on additional emissions testing and monitoring, along with controls on pollution beyond the exhaust.

The draft proposes on-road testing with portable equipment as part of type approval from April 2030. It also provides for monitoring emissions and fuel or electric energy consumption, with requirements phased in over time.

In effect, BS-VII would place greater emphasis on how vehicles perform under real-world driving conditions and how their emissions-control systems behave over time, rather than relying only on laboratory tests.

How will exhaust emissions and particulate pollution be curbed?

For cars, the draft retains the principal limits on three main exhaust pollutants: carbon monoxide (CO), nitrogen oxides (NOx) and particulate matter (PM). For particulate emissions, it proposes lowering the particle-number measurement threshold from 23 nanometres to 10 nanometres, bringing smaller particles within the measurement regime.

The proposed standards also strengthen the focus on emissions under real-world driving conditions, through on-road testing with portable equipment and monitoring of emissions-control systems over time.

Under the proposed standards, a petrol car would be allowed to emit up to 1,000 mg of carbon monoxide and 60 mg of nitrogen oxides per kilometre. For a diesel car, the respective limits would be 500 mg and 80 mg per kilometre. For both types of car, the proposed limit for particulate matter would be 4.5 mg per kilometre.

Cars would also face a limit on fuel vapour escaping from the fuel system. An on-board monitoring system would have to detect specified emissions exceedances, including levels at least 2.5 times the relevant limit. The draft says the monitoring data must be available through the vehicle’s diagnostic port for vehicles manufactured from April 1, 2032.

The proposal also seeks to address particles released by brakes and tyres, rather than just vehicle exhausts. Brakes release particles as their surfaces wear down, while tyres shed material as they rub against the road.

For passenger cars, the draft proposes brake-particle limits of 3 mg per km for pure electric cars and 7 mg per km for other specified vehicle types from April 2031. The limit would be 3 mg per km across powertrains from April 2035. Tyre-abrasion requirements are proposed from April 2031, but the numerical limits are to be notified separately.

Will car engines have to change?

The draft sets emission limits and testing requirements but does not prescribe a particular engine design. The changes manufacturers may need to make to meet the proposed standards will depend on the vehicle and its existing technology.

Manufacturers will have to show that vehicles meet the proposed standards through testing and checks. Some may need to assess changes to sensors, engine controls, exhaust-treatment systems or software.

The rules also go beyond engines. Electric vehicles and plug-in hybrids would have to meet proposed battery-performance benchmarks, while manufacturers would need to demonstrate compliance with the proposed brake and tyre-particle requirements.

What about trucks, buses and light commercial vehicles?

Light commercial vehicles, such as small goods carriers, would follow a year after cars, from April 2030. The draft sets category-specific emission limits, with requirements varying by vehicle weight. Their brake-particle requirements would begin in April 2032, with a common limit across powertrains proposed from 2035. The numerical limits are to be notified separately.

Buses and heavy trucks are covered by a separate draft and would be brought in from April 2031. Because they do much heavier work than cars, their exhaust limits are expressed against the energy produced by the engine, rather than the distance driven. The draft sets limits for nitrogen oxides and particles, and also for gases such as ammonia, methane and nitrous oxide.

The heavy-vehicle rules would come in stages. Exhaust limits, on-road testing and onboard monitoring are proposed from April 2031. From April 2033, the draft proposes additional monitoring and brake-particle requirements. Tyre-abrasion requirements are proposed from April 2035. The numerical limits for brake particles, tyre wear and battery performance are to be notified separately.

The draft also proposes emissions-durability requirements for buses and trucks, with periods varying by vehicle category and weight. The longest proposed period extends to 875,000 km or 15 years.

What is in store for older vehicles?

The proposed BS-VII standards set new emission and testing requirements for vehicles manufactured from the specified dates. They do not set out a nationwide programme to retrofit or replace existing BS-VI cars.

For passenger cars covered by the draft, emissions compliance would be checked over the vehicle’s lifetime. The proposed main period is up to 160,000 km or eight years, whichever comes first, followed by an additional period extending to 200,000 km or 10 years.

What will the rules mean for electric cars?

The draft sets battery-energy performance benchmarks for applicable electric vehicles and plug-in hybrids. Batteries would have to retain at least 75% of their original energy capacity after five years or 1,00,000 km, and at least 67% after eight years or 1,60,000 km, whichever comes first at each stage. However, the detailed minimum-performance requirements and test procedures for battery durability are to be notified separately.

The proposal also includes an Environmental Vehicle Passport, which would give vehicle users access to up-to-date information on fuel consumption, traction-battery health and pollutant emissions, including data generated by onboard systems and monitors. The draft also requires the passport to be displayed inside the vehicle.

What have manufacturers said?

Automakers have reportedly been considering seeking a later start for the proposed BS-VII emission standards, along with a phased rollout in 2032 and 2035. They have cited the technological changes involved and what they view as inadequate lead time to prepare for the new requirements.

The proposed timelines could affect vehicle-launch schedules and add to the cost of testing, certification and compliance. Industry concerns have reportedly also included the possibility that engineering resources needed to meet BS-VII requirements could be diverted from electric-vehicle development.



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Non-tariff barriers are biggest hurdle in India-China trade, says Nirmala Sitharaman https://artifex.news/article71591327-ece/ Fri, 16 Oct 2026 06:33:00 +0000 https://artifex.news/article71591327-ece/ Read More “Non-tariff barriers are biggest hurdle in India-China trade, says Nirmala Sitharaman” »

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File photo of Union Finance Minister NIrmala Sitharaman.
| Photo Credit: The Hindu

Union Finance Minister Nirmala Sitharaman on Friday (October 16, 2026) expressed hope that the India-U.S. trade agreement would be concluded at the earliest, in the interest of global trade and bilateral economic ties between the two countries.

“I think recently the Indian Commerce Minister has also spoken that they expect and wish to have the agreement signed soon. Negotiations have been going on. I hope, in the interest of global trade and in the interest of trade between the two partners, India and U.S., the trade agreement gets concluded at the earliest,” she said.

Commerce and Industry Minister Piyush Goyal on Thursday (October 15, 2026) said the first phase of the India-U.S. trade pact has been finalised and is undergoing legal drafting.

On trade with China, Ms. Sitharaman said the growing trade imbalance and persistent restrictions on market access for Indian products remained major concerns, despite years of engagement with Beijing.

India has consistently sought market access in China for products such as generic medicines, bovine meat, vegetables and other perishable goods, but made little progress despite years of engagement, Sitharaman said in an interaction with the Atlantic Council on the sidelines of the IMF-World Bank annual meetings in Bangkok, Thailand.

“Non-tariff barriers are the biggest hurdle in the trade between India and China,” she said, adding that China had used phytosanitary measures and other non-tariff restrictions despite the potential for discussions and investigations to resolve such issues.

She said India had not adopted the approach of imposing punitive tariffs on trading partners to correct large trade imbalances, preferring instead to pursue negotiations, even if the process was time-consuming.

On BRICS, Ms. Sitharaman said the grouping should be viewed as a partnership aimed at improving the welfare of its people rather than as a platform to counter any country or bloc.

“I don’t think BRICS’s intention is to counter others. It is more to strengthen the partnership through the BRICS,” she added.

She noted that BRICS represented nearly 40 per cent of the world’s population and said cooperation among its member countries could improve trade, foster mutual understanding and expand economic opportunities.

With new members joining the grouping, 11 to 12 countries were actively engaging with one another, collectively accounting for around 45% of global trade, she said.

On India’s economic growth, Ms. Sitharaman said the country has sustained strong growth despite global disruptions and has been the world’s fastest-growing major economy over the past four to five years, particularly after COVID-19 pandemic.

She attributed India’s performance to inclusive growth, wider access to resources and skill development for young people, fiscal prudence and higher public capital expenditure.

The Finance Minister said public investment in infrastructure had generated a stronger multiplier effect than directly transferring equivalent amounts of money to people, while also creating employment and supporting economic activity.

Public spending on infrastructure helped channel money to people through economic activity without putting the same pressure on the fiscal deficit as some alternative forms of expenditure, she said.

Ms. Sitharaman added that government borrowing was broadly aligned with infrastructure expenditure, arguing that debt-financed asset creation was benefiting the economy.

“Borrowing goes for asset creation, and as a result, the economy has benefited,” she said.



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Air India sets up multi-disciplinary panel to identify cost-saving opportunities https://artifex.news/article71591329-ece/ Fri, 16 Oct 2026 06:26:00 +0000 https://artifex.news/article71591329-ece/ Read More “Air India sets up multi-disciplinary panel to identify cost-saving opportunities” »

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Loss-making Air India has set up a multi-disciplinary team to identify cost-saving opportunities, with the new CEO Tewolde Gebremariam urging the staff to embed a mindset of frugality and accountability in all their works.

Mr. Gebremariam, who officially took over the reins as CEO and MD on October 1, told the employees this week that every rupee saved creates an opportunity to reinvest in areas that matter the most, including operations and customer experience.

The airline will also be launching ‘PRABHAV – The Value Creator Award’, an initiative to gather cost-reduction ideas from the staff, and those providing ideas that can be implemented will be rewarded.

“A multidisciplinary, cross-functional Cost Savings Team has been established on full-time basis to identify cost-saving opportunities across the organisation,” he said in a message to the staff on October 12.

The team will systematically review all expenditure and identify cost-saving opportunities across functions, he said and mentioned that the airline was navigating an exceptionally challenging operating environment.

“Ongoing airspace closures, the conflict in the Middle East and its resulting operational disruptions, and persistently high jet fuel costs continue to place significant pressure on airlines across the industry,” he said.

Air India, which is jointly owned by Tata Group and Singapore Airlines, recorded a consolidated loss of Rs 22,238.23 crore for 2025-26 financial year.

According to Mr. Gebremariam, ‘PRABHAV’ will invite ideas from employees that reduce costs through smarter ways of working, improved utilisation, improved processes, contract optimisation and/or renegotiation, insourcing of outsourced activities and optimal use of resources.

Also, the ideas can be on cost effective and efficient procurement of goods and services and waste reduction, questioning the status quo or maximise revenue through new opportunities and deriving greater value from the existing products, services and capabilities, he added.

The airline has also made changes to the approval matrix for SOD (Staff On Duty).

From October 1, all approvals will now be routed through the HOD, CXO, and CEO, ensuring greater rigour, transparency, and alignment in decision-making across the organisation, Mr. Gebremariam said in the message.

Air India’s consolidated loss widened to Rs 22,238.23 crore in the fiscal year ended March 2026 from Rs 10,858.83 crore a year ago amid multiple headwinds.

During the same period, total income declined to Rs 71,869.94 crore from Rs 78,635.61 crore, according to regulatory filings. The consolidated figures include financials of Air India Express.

Stressing the importance of being cost consciousness, the CEO said that alongside operational excellence, “we need to embed a mindset of frugality, accountability, and thoughtful decision-making in everything that they do”.

“By embracing a culture of accountability, prudent spending, and operational excellence, each of us can play a meaningful role in shaping Air India’s long-term success,” he said.

He also said that cost savings cannot be driven by a single team and requires the active participation and commitment of every employee.

An Ethiopian Airlines veteran, Mr. Gebremariam is the second foreigner to head Air India, which was acquired by the Tata Group from the government in January 2022.

Published – October 16, 2026 11:56 am IST



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Rupee rises 20 paise to 94.79 against U.S. dollar in early trade https://artifex.news/article71591138-ece/ Fri, 16 Oct 2026 04:58:00 +0000 https://artifex.news/article71591138-ece/ Read More “Rupee rises 20 paise to 94.79 against U.S. dollar in early trade” »

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Image used for representational purposes only.
| Photo Credit: Getty Images/iStockphoto

The rupee appreciated 20 paise to 94.79 against the U.S. dollar in early trade on Friday (October 16, 2026) on the softening of the American currency and the positive impact of the RBI’s structural forex interventions.

Lower U.S. Treasury yields also supported the domestic currency. However, elevated crude oil prices and a decline in equity markets restricted the rupee’s sharp gains.

Also Read: Explained | RBI’s worries about pressure on rupee and measures to curb volatility in forex market

In the interbank foreign exchange market, the rupee opened at 94.75, touched 94.79, and gained 20 paise from its previous close.

On Thursday (October 15), the rupee had appreciated 18 paise to close at 94.99 against the U.S. dollar.

“ Decline in the dollar index and softening of U.S. Treasury yields also supported the rupee. However, a surge in crude oil prices capped sharp gains. On the data front, U.S. PPI (Producer Price Index) was hotter than expected. At the same time, retail sales topped forecast. Weekly unemployment claims were in line with expectations,” said Anuj Choudhary, Research Analyst, Mirae Asset Sharekhan.

The dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading lower by 0.54% at 102.

Brent crude, the global oil benchmark, was trading lower by 0.54%t at $105.35 per barrel in futures trade.

On the domestic equity market front, Sensex declined 113 points to 74,187 in early trade, while Nifty dipped 27.20 points to 22,967.15.

Foreign Institutional Investors (FIIs) offloaded equities worth ₹5,285.37 crore on a net basis on Thursday (October 16), according to exchange data.



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Stock markets trade lower during early session amid profit-taking https://artifex.news/article71591139-ece/ Fri, 16 Oct 2026 04:48:00 +0000 https://artifex.news/article71591139-ece/ Read More “Stock markets trade lower during early session amid profit-taking” »

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Image used for representation purpose only.
| Photo Credit: Getty Images/iStockphoto

Benchmark indices Sensex and Nifty drifted lower in early trade on Friday (October 16, 2026) amid profit-taking, a day after recording a sharp rally.

Relentless foreign fund outflows and a decline in blue-chip Reliance Industries after a 4% rally in the previous trade added to the overall bearish trend in equities during the initial trading session.

However, strong buying in IT stocks cushioned the fall to a great extent in the market.

The 30-share BSE Sensex declined 113 points to 74,187 in early trade. The 50-share NSE Nifty dipped 27.20 points to 22,967.15.

From the 30 Sensex firms, Reliance Industries, Bajaj Finserv, Hindustan Unilever, Larsen & Toubro, Asian Paints and State Bank of India were among the biggest laggards.

Tech Mahindra surged 5% after the IT services firm reported a 32.74% jump in consolidated net profit to ₹1,585.6 crore for the July-September quarter of FY27 as strong volume growth, cost savings and rupee depreciation lifted operating profit.

Infosys, Tata Consultancy Services, Bharti Airtel and Titan were among the winners.

Foreign Institutional Investors (FIIs) offloaded equities worth ₹5,285.37 crore on Thursday, according to exchange data.

Brent crude, the global oil benchmark, traded 0.61% lower at $105.3 per barrel.

In Asian markets, South Korea’s Kospi, Japan’s 225 index, Shanghai’s SSE Composite index and Hang Seng index rebounded and were trading in positive territory.

U.S. markets ended higher on Thursday.

On Thursday (October 15, 2026), the Sensex jumped 1,533.72 points, or 2.11%, to settle near the day’s high at 74,315.61. The Nifty climbed 374.65 points, or 1.66%, to close at 22,997.35, its highest level since September 25.



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Tata Trusts case: Mehil Mistry matter hearing postponed to Nov 5 https://artifex.news/article71589584-ece/ Fri, 16 Oct 2026 00:04:00 +0000 https://artifex.news/article71589584-ece/ Read More “Tata Trusts case: Mehil Mistry matter hearing postponed to Nov 5” »

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The hearing of former Tata Trusts trustee Mehil Mistry’s matter at the Maharashtra Charity Commissioner’s office was postponed to November 5, 2026.

Mr. Mistry, a close confidant of the late Ratan Tata, stepped down as a trustee from three trusts last October after other trustees voted against his reappointment. Today he serves as a trustee in only one of the trusts that is Tata Education & Development Trust. 

Soon after he had filed a complaint that there was a violation of the composition of the Bai Hirabai Trust, whose trust deed explicitly states that its trustees must be of the Parsi Zoroastrian faith and residents of Mumbai or Navsari region. 

He has stated that two trustees, Vijay Singh and Venu Srinivasan, were appointed in violation of the trust deed.

On Thursday Bai Hirabai Trust filed an application naming Noel Tata as reporting trustee for the complaints. 

In response, Mr. Mistry’s lawyer said the application should be accompanied by an affidavit from Tata, which states that he is qualified to be a trustee of Bai Hirabai Trust. 

Mr. Mistry has sought directions from the Charity Commissioner in the matter. 



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Land shortage cripples Agriculture Ministry’s weather network rollout https://artifex.news/article71588890-ece/ Thu, 15 Oct 2026 19:30:00 +0000 https://artifex.news/article71588890-ece/ Read More “Land shortage cripples Agriculture Ministry’s weather network rollout” »

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An ambitious public-private partnership project by an Agriculture Ministry body to install automatic rain gauges and automatic weather stations in States is proceeding at a crawl, with completion rates in the single digits and at least a year behind deadline. Over 96% of planned sensors are yet to be installed.

The reason, companies tasked with the implementation say, is a paucity of land to install these weather stations and an alleged “retrospective” insistence by the India Meteorological Department (IMD) that these sensors be set up on the ground rather than on rooftops.

The Weather Information Network and Data System (WINDS) is a programme to set up a nationwide network of weather sensors to supply hyper-local weather data. This is mainly to aid in computing insurance estimates and payouts under the Pradhan Mantri Fasal Bima Yojana (PMFBY). It is run by the Ministry of Agriculture and Farmers Welfare, and executed through the Mahalanobis National Crop Forecast Centre (MNCFC). 

Over 50,000 sensors planned

Under the WINDS network, the States, through their implementing private partners, are required to set up the sensor network. The Hindu could confirm that three companies — Skymet Weather Services; Ingen Technologies Private Limited, a wholly-owned subsidiary of Weather Risk Management Services; and Azista Industries — were collectively asked to instal 1,197 automatic weather stations (AWSs) and 49,313 automatic rain gauges (ARGs), or about 50,500 sensors in all. 

An ARG measures rainfall only, though about 10% of ARGs at the gram panchayat level also carry a temperature sensor. An AWS measures rainfall along with air temperature, relative humidity, wind speed, and wind direction. Data from these sensors flow into data centres run by government agencies, to prepare hourly, daily, and fortnightly forecasts.

Majority of proposed sites rejected

According to documents viewed by The Hindu, Uttar Pradesh was to have installed 27,487 ARGs — over half the ARG target — followed by Uttarakhand (7,983), Odisha (7,286), Assam (2,140), and Himachal Pradesh (about 3,550). 

For AWSs, Odisha’s target was the largest at 434, ahead of Assam (196), U.P. (157), and Kerala (148). According to a status update on September 9 — the latest that The Hindu was able to confirm — the network has delivered 113 AWSs (9.4% of target) and 1,730 ARGs (4%), leaving a shortfall of about 48,700 (96%). 

The bottleneck is mostly site selection rather than hardware, the documents reveal. Of the 27,644 sites in U.P., 16,478 were rejected. In Odisha, 5,666 of 7,720 sites were rejected, while 524 of 946 sites were rejected in Kerala. The documents also flag hundreds of “duplicate sites” that were approved at the panchayat and block level but need re-checking, sites pending clearances, and those which the States have yet to share with the implementing partners.

Retrospective changes

A representative of one of the private partner companies, who asked not to be named, told The Hindu that the delays stem from a shortage of suitable land and from the requirement that rain gauges be placed on the ground rather than on rooftops. He blamed changes made to the WINDS guidelines “retrospectively.”

The manual published on September 1, 2023 allowed an ARG to be placed on the roof of a single-storey building where siting requirements could not be met or in flood-prone areas, he claimed, adding that the IMD had approved this as a member of the WINDS Committee. About two and a half years later, and after six States had already issued tenders or work orders, the Agriculture Department amended the manual on the IMD’s advice on December 3, 2025, to retroactively limit rooftop ARGs to just 10% to 15% of the total, he said. 

‘Height affects weather data’

IMD officials contend that the requirement that ARGs and AWSs be located on the ground is “essential” to ensure that the data collected is accurate.

“The underlying principle – and this is a requirement of the World Meteorological Organisation whose guidelines we adhere to – is that sensors must be on the ground and only in exceptional situations be situated on rooftops. Height significantly affects weather data,” S. Hosalikar, a former senior meteorologist with the IMD and a member of the 2023 committee, told The Hindu.

The 2023 document says: “ARGs shall be located on a level piece of ground, covered with short grass or natural earth,” ideally 4×3 metres in size. “If suitable siting requirements are not met or in case of flood prone areas,” the ARG can go on “the rooftop of the one-story building… rooftop units need a stable foundation and a tamper-proof setup,” adds the document, which was perused by The Hindu.

Cap on rooftop sensors

The manual sets no numerical cap on rooftop units. This only appears in the 2025 amendment which specifies a 10% cap. It also requires that rooftop installations be allowed only if States issue a justification note saying there is no suitable ground space. In flood- or landslide-prone regions, the ceiling is 15%, with prior State recommendation and approval sent to the WINDS Committee.

“Measuring rainfall from the top of the building and from the ground makes a significant difference as some part of falling rain evaporates. Secondly, a consistent network of ground-based sensors is necessary to ensure standardised data, which is difficult to achieve if sensors are on rooftops (with variable heights). India lives in its villages and it should not be that challenging to get small plots of land,” IMD director general M. Mohapatra told The Hindu. He underlined that the IMD was only a technical partner for the project and was not administering it.

The Hindu reached out to Soumya Bandopadhyay, director of the MNCFC, the nodal agency in charge of the project, seeking a comment but did not get any response till the time of going to press.

Published – October 15, 2026 11:02 pm IST



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India sourced more than two-thirds of its August oil imports from just three countries https://artifex.news/article71587667-ece-2/ Thu, 15 Oct 2026 17:37:00 +0000 https://artifex.news/article71587667-ece-2/ Read More “India sourced more than two-thirds of its August oil imports from just three countries” »

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India’s oil imports from both the U.S. and the UAE surged in August, with the American oil coming at a substantial premium compared to the average price India paid for oil imports. File
| Photo Credit: Getty Images/iStockphoto

In a sign of increasing concentration of India’s oil supplies and its limited options to source from, latest data shows that more than two-thirds of the country’s oil imports came from just three countries — Russia, the U.S., and the UAE — marking a record high share. 

Notably, Russia’s share in India’s oil imports fell to around 44% in August 2026, the latest month for which official data is available, from a historic high of 51% in July. 

The data shows that India’s oil imports from both the U.S. and the UAE surged in August, with the American oil coming at a substantial premium compared to the average price India paid for oil imports. 

chart visualization

Russia’s share remains elevated

India’s total oil imports stood at 191.2 lakh tonnes in August 2026, which was 10.3% lower than in July, but 3.4% higher than in August last year. However, the elevated price of oil has meant that India’s oil import bill was nearly 25% higher in August this year than in the same month last year. 

Within this, Russian oil accounted for 84.8 lakh tonnes of Indian oil imports, or 44.3% of the total. In terms of India’s oil import bill of $12.2 billion in August 2026, payments to Russia accounted for 44.5%. 

That said, India imported 23% less oil from Russia in August 2026 than in July, although this figure was still 22.5% higher than in August last year. 

India’s elevated oil imports from Russia have been a sore point in its relations with the U.S. and its President Donald Trump, who in September signed into law an Act that could see tariffs of up to 100% being levied on countries that import large amounts of Russian oil and gas, as India does. 

Imports from the U.S., UAE surge

On the other hand, India’s oil imports from the U.S. once again surged in August 2026 to 9.7 lakh tonnes, making up 5.1% of India’s total oil imports that month. In terms of quantity, this was nearly 82% higher than in July, and more than 130% higher than in August last year. 

The data also shows that India paid an average of $810.6 per tonne of oil to the U.S., much higher than the average price of $640 per tonne it paid across all its oil imports in August. Oil from the U.S. has been costlier than average since June 2026.

Notably, India’s oil imports from the UAE also jumped in August 2026 as the two countries established alternate supply routes through ports relatively unimpacted by the war in West Asia. Oil imports from the UAE, at 33 lakh tonnes, made up 17.4% of India’s total oil imports and 16.9% of its oil import bill. 

Taken together, Russia, the U.S., and the UAE account for 66.8% of India’s total oil imports by volume and an even higher 67.8% of its oil import bill. 



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Unemployment rate in country stands at 5% in September, stable compared to August: NSO https://artifex.news/article71589002-ece/ Thu, 15 Oct 2026 17:34:00 +0000 https://artifex.news/article71589002-ece/ Read More “Unemployment rate in country stands at 5% in September, stable compared to August: NSO” »

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The overall Labour Force Participation Rate (LFPR), for persons aged 15 years and above, remained at 55.5% in September, compared to 55.6% in August.
| Photo Credit: Getty Images/iStockphoto

The Unemployment Rate (UR) in the country stood at 5% in September, stable compared to August, according to the Periodic Labour Force Survey (PLFS) conducted by the National Statistics Office (NSO). The Ministry of Statistics and Programme Implementation said here in a release on Thursday that the rural UR remained “broadly stable” at 4.2%, against 4.1% in August, while urban UR marginally rose from 6.8% in August to 6.9% in this month. “Compared with September 2025, the overall UR declined by 0.2 percentage points and reached at 5% in September 2026. Rural UR declined by 0.4 percentage points, from 4.6% in September, 2025 to 4.2% in September 2026. UR in urban areas remained broadly stable from 6.8% in September 2025 to 6.9% in September 2026,” the Ministry said.

Among females, the overall UR remained at 5.2%, up from 5.1% in August. Rural female UR stood at 3.9%, which, according to the government, is its lowest level in 2026, while urban female UR rose marginally from 8.9% to 9.2%. The government said unemployment rates declined year-on-year for both genders. The PLFS is the primary source of data on labour force participation and employment and unemployment conditions. At the all-India level, the monthly estimates are based on information collected from 3,70,513 persons surveyed.

The overall Labour Force Participation Rate (LFPR), for persons aged 15 years and above, remained at 55.5% in September, compared to 55.6% in August. “In rural areas, LFPR was recorded at 58% against 58.2% in August 2026, while the urban LFPR registered a moderate increase of 0.3 percentage points, rising from 50.4% in August, 2026 to 50.7% in September 2026,” the Ministry said. Compared to September 2025, the overall LFPR increased by 0.2 percentage points, from 55.3% to 55.5%. The rural LFPR increased by 0.6 percentage points in one year, from 57.4% to 58%, while urban LFPR registered a marginal decline of 0.2 percentage points, from 50.9% to 50.7%. Overall female LFPR stood at 34.6% in September 2026, compared with 34.8% in August 2026. “Urban female LFPR recorded a notable month-on-month increase of 0.5 percentage points, rising from 25.4% to 25.9% and reaching its highest level since October 2025. Rural female LFPR estimated at 38.9% in September 2026 against 39.4% in the previous month,” the release added. Overall female LFPR increased by 0.5 percentage points, from 34.1% in September 2025 to 34.6% in September 2026.

The overall Worker Population Ratio (WPR) remained at 52.7% in September 2026, compared with 52.8% in August 2026. Overall WPR increased by 0.3 percentage points, from 52.4% in September 2025 to 52.7% in September 2026.



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India sourced more than two-thirds of its August oil imports from just three countries https://artifex.news/article71587667-ece/ Thu, 15 Oct 2026 17:27:00 +0000 https://artifex.news/article71587667-ece/ Read More “India sourced more than two-thirds of its August oil imports from just three countries” »

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India’s oil imports from both the U.S. and the UAE surged in August, with the American oil coming at a substantial premium compared to the average price India paid for oil imports. File
| Photo Credit: Getty Images/iStockphoto

In a sign of increasing concentration of India’s oil supplies and its limited options to source from, latest data shows that more than two-thirds of the country’s oil imports came from just three countries — Russia, the U.S., and the UAE — marking a record high share. 

Notably, Russia’s share in India’s oil imports fell to around 44% in August 2026, the latest month for which official data is available, from a historic high of 51% in July. 

The data shows that India’s oil imports from both the U.S. and the UAE surged in August, with the American oil coming at a substantial premium compared to the average price India paid for oil imports. 

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Russia’s share remains elevated

India’s total oil imports stood at 191.2 lakh tonnes in August 2026, which was 10.3% lower than in July, but 3.4% higher than in August last year. However, the elevated price of oil has meant that India’s oil import bill was nearly 25% higher in August this year than in the same month last year. 

Within this, Russian oil accounted for 84.8 lakh tonnes of Indian oil imports, or 44.3% of the total. In terms of India’s oil import bill of $12.2 billion in August 2026, payments to Russia accounted for 44.5%. 

That said, India imported 23% less oil from Russia in August 2026 than in July, although this figure was still 22.5% higher than in August last year. 

India’s elevated oil imports from Russia have been a sore point in its relations with the U.S. and its President Donald Trump, who in September signed into law an Act that could see tariffs of up to 100% being levied on countries that import large amounts of Russian oil and gas, as India does. 

Imports from the U.S., UAE surge

On the other hand, India’s oil imports from the U.S. once again surged in August 2026 to 9.7 lakh tonnes, making up 5.1% of India’s total oil imports that month. In terms of quantity, this was nearly 82% higher than in July, and more than 130% higher than in August last year. 

The data also shows that India paid an average of $810.6 per tonne of oil to the U.S., much higher than the average price of $640 per tonne it paid across all its oil imports in August. Oil from the U.S. has been costlier than average since June 2026.

Notably, India’s oil imports from the UAE also jumped in August 2026 as the two countries established alternate supply routes through ports relatively unimpacted by the war in West Asia. Oil imports from the UAE, at 33 lakh tonnes, made up 17.4% of India’s total oil imports and 16.9% of its oil import bill. 

Taken together, Russia, the U.S., and the UAE account for 66.8% of India’s total oil imports by volume and an even higher 67.8% of its oil import bill. 



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