Amid tensions in West Asia, Iran has allowed India‑flagged ships to pass safely through the Strait of Hormuz, while 28 Indian vessels carrying 778 seafarers are being closely monitored by the Ministry of Shipping and a 24‑hour control room.
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US starts Section 301 probe against India, 15 other economies
The US Trade Representative has launched a Section 301 investigation into the trade practices of 16 economies, including India and China, targeting sectors such as steel, solar modules, and automobiles, to assess whether unfair policies harm US commerce and could lead to retaliatory trade measures.
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Retail inflation rose to 3.21% in February
Retail inflation based on the Consumer Price Index rose to 3.21 per cent in February from 2.74 per cent in January, with rural inflation at 3.37 per cent and urban at 3.02 per cent, while food and housing prices also saw notable increases, and Telangana recorded the highest state-level inflation at 5.02 per cent.
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Russian ‘shadow fleet’ tankers divert to India after US waiver on crude imports
India could see near-term relief in crude supplies as several Russian tankers, including shadow‑fleet vessels, are diverting mid-voyage to Indian ports following a US waiver, with around 60 million barrels currently en route and more diversions expected in the coming weeks.
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Research &VO: Shakthi
Published on March 13, 2026