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    Sensex, Nifty soar nearly 4 pc on US-Iran ceasefire, correction in crude prices
    US-Iran ceasefire set to ease pressure on India's energy supplies
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April 8, 2026
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Crude price correction and ceasefire-led sentiment drive a broad equity rally as the central bank holds policy steady.
Equity benchmark indices rallied sharply as global risk sentiment improved following a temporary US-Iran ceasefire, which triggered a steep correction in crude oil prices and eased concerns over inflation, growth and energy supply disruptions. Broad-based buying across sectors, stronger global markets and a firmer rupee supported the advance, while Indian volatility eased and sectoral indices, mid-cap stocks and small-cap stocks also moved higher. Brent crude fell sharply and Asian and European markets recorded strong gains, reflecting the wider recovery in market sentiment.
April 8, 2026
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Strait of Hormuz supply disruption eases as ceasefire improves tanker movement and steadies India's energy imports.
A conditional ceasefire between the United States and Iran eased pressure on India's energy supplies by lowering crude prices and improving prospects for transit through the Strait of Hormuz. India had earlier reduced LPG and natural gas supplies, then partially restored them as alternative sources were secured, while directing city gas distributors to prioritise piped natural gas connections for commercial users. Shipping authorities aimed to move stranded vessels before resuming trade.
April 8, 2026
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Hydro electric project investment approval strengthens power supply, enables infrastructure development, and provides free power and local area benefits.
Investment approval is granted for construction of the Kalai-II Hydro Electric Project on the Lohit river in Anjaw District of Arunachal Pradesh, with an installed capacity of 1200 MW and an estimated completion period of 78 months. The project is expected to generate annual energy output and to strengthen power supply in the State, assist in peak demand management, and contribute to balancing the national grid. The arrangement provides for 12% free power to the State and an additional 1% earmarked for the Local Area Development Fund.
April 8, 2026
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Hydroelectric project approval strengthens power supply, grid balancing and regional infrastructure development in Arunachal Pradesh.
Cabinet approval was granted for investment in the construction of the Kamala Hydro Electric Project in Arunachal Pradesh through a joint venture between NHPC Limited and the Government of Arunachal Pradesh. The project is intended to generate energy, support power supply and peak demand management, contribute to grid balancing and provide flood moderation benefits, while also including budgetary support for flood moderation and enabling infrastructure. The State is stated to receive free power, a Local Area Development Fund share and wider infrastructure and socio-economic benefits.
April 8, 2026
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Refinery cost revision and equity investment support a greenfield petrochemical complex aimed at energy security and import reduction.
Revision of the project cost for HPCL Rajasthan Refinery Limited at Pachpadra, District Balotra, Rajasthan, has been approved, along with additional equity investment by Hindustan Petroleum Corporation Limited. The project is a 9 MMTPA greenfield refinery-cum-petrochemical complex with 2.4 MMTPA petrochemical production capacity, implemented through a joint venture between HPCL and the Government of Rajasthan. The refinery is intended to support energy and industrial requirements, reduce import dependence, use locally available Mangala crude, and promote India as a refining hub.
April 8, 2026
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Rupee stability and macroeconomic resilience support expectations of steady growth, manageable deficits and appropriate policy rates.
Indian rupee is expected to stabilise around the 92-93 level against the US dollar, after pressure from global uncertainties, geopolitical tensions and foreign institutional investor withdrawals. India's economic resilience, strong macroeconomic fundamentals and fiscal space were described as cushioning the economy against external shocks. The current account deficit was described as remaining manageable, the Reserve Bank of India Monetary Policy Committee's decision to keep policy rates unchanged was described as appropriate, and growth expectations were stated to remain positive.
April 8, 2026
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Monetary policy caution kept the repo rate unchanged as conflict-driven energy and inflation risks weighed on the outlook.
The Reserve Bank of India kept the benchmark repurchase rate unchanged at 5.25 per cent, taking a cautious wait-and-watch stance amid uncertainty over the impact of the West Asia conflict on energy supplies, inflation and growth. The Monetary Policy Committee voted unanimously to retain the status quo, citing higher crude prices, pressure on the rupee and trade disruption.
April 8, 2026
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Monetary policy neutrality and forex stability shape rupee gains as West Asia tensions ease and inflation risks persist.
The rupee strengthened against the US dollar after easing geopolitical tensions in West Asia and supportive domestic market sentiment. The Reserve Bank of India kept the key policy rate unchanged and retained a neutral stance, taking a wait-and-watch approach amid uncertainty over energy supplies, inflation, growth and trade flows. The central bank's projections pointed to higher crude oil prices and a weaker exchange rate in the next financial year.
April 8, 2026
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Natural diamonds celebrated through World Diamond Day as a storytelling campaign on heritage, emotion, and craftsmanship.
The Natural Diamond Council launched World Diamond Day as a global awareness initiative to celebrate the personal, emotional, and heritage value of natural diamonds. The campaign invited artisans, manufacturers, retailers, consumers, and industry stakeholders to share authentic stories about diamonds as symbols of love, milestones, memory, legacy, and craftsmanship. A dedicated toolkit and optional creative assets were made available to participants, while the campaign message emphasised that natural diamonds are timeless heirlooms carrying meaning across generations.
April 8, 2026
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Auto-sweep banking product launches with higher returns on idle balances and anytime liquidity across savings, current and NRO accounts.
CSB Bank launched its Smart Save Account as its first retail offering after upgrading its core banking platform. The product is available in Savings, Current and NRO variants and is designed to improve returns on idle balances while preserving liquidity. It includes an auto-sweep mechanism that transfers surplus funds into fixed deposits, with interest of up to 7% on 13-month sweep-in deposits and no lock-in, so funds remain accessible when needed.
April 8, 2026
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Low interest rates and cautious monetary policy shape the Reserve Bank's stance amid inflation stability and market volatility.
Interest rates are expected to remain low in the medium to long term in view of benign inflationary conditions and strong macroeconomic fundamentals. The Reserve Bank has kept the benchmark repurchase rate unchanged while adopting a cautious wait-and-watch approach to assess the impact of the West Asia conflict on energy supplies, inflation, growth, the rupee and trade flows. Banks have transmitted earlier rate cuts to lending and deposit rates, and currency market steps were said to be temporary measures to curb excessive volatility.
April 8, 2026
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India's GDP growth projection stays resilient despite West Asia conflict, with exports and inflation facing downside risks.
Reserve Bank projected India's GDP growth for the current financial year at 6.9 per cent, noting downside risks from elevated commodity prices, higher energy costs, and supply-chain disruptions linked to the West Asia conflict. Merchandise exports may be affected by shipping, freight and insurance costs, while domestic demand is expected to be supported by services-sector momentum, GST rationalisation, manufacturing capacity utilisation, and healthy financial and corporate balance sheets.
April 8, 2026
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Governance and conduct review found no material concerns in HDFC Bank's supervisory assessment and board review.
The Reserve Bank stated that its supervisory inspection of HDFC Bank did not reveal any governance or conduct-related issues, and that review of the bank's meeting minutes also disclosed no matter of material concern. The RBI reiterated that there were no material concerns on record regarding the bank's conduct or governance, describing HDFC Bank as a Domestic Systemically Important Bank with sound financials, a professionally run board, and a competent management team.
April 8, 2026
Show AI Summary
Market rally and unchanged RBI policy follow easing geopolitical stress and a sharp fall in crude oil prices.
Equity markets rallied sharply after a US-Iran ceasefire and a fall in crude oil prices reduced concerns over energy supply disruption and inflation pressure. The Reserve Bank of India kept the benchmark repurchase rate unchanged and maintained a cautious wait-and-watch stance, citing uncertainty from the West Asia conflict, its impact on energy supplies, inflation, growth, the rupee, and trade flows.
April 8, 2026
Show AI Summary
Monetary policy stance remains neutral as the policy repo rate is held unchanged amid supply shocks and inflation risks.
The Monetary Policy Committee kept the policy repo rate unchanged at 5.25 per cent, retained the standing deposit facility rate at 5.00 per cent, the marginal standing facility rate and Bank Rate at 5.50 per cent, and continued a neutral stance. The decision was based on resilient domestic growth, contained headline inflation, and heightened uncertainty from geopolitical tensions, supply-chain disruption, energy price pressures, and weather-related risks affecting the inflation and growth outlook.
April 8, 2026
Show AI Summary
Personal jurisdiction and extraterritorial reach challenged in SEC fraud action over Indian bond offering and alleged misstatements.
Personal jurisdiction and extraterritorial reach were challenged in a US SEC fraud action arising from an Indian solar-energy bond offering. The defendants argued that the securities were sold outside the United States under Rule 144A and Regulation S, the issuer and alleged conduct were Indian, and the complaint failed to plead a domestic transaction, minimum contacts, or an actionable US nexus. They also denied credible evidence of bribery, asserted no investor losses, and contended that the relied-upon statements were non-actionable corporate puffery.
April 8, 2026
Show AI Summary
Monetary policy stance held steady as the RBI weighs energy shocks, inflation risks and growth uncertainty from geopolitical tensions.
The Reserve Bank of India retained the benchmark repurchase rate and the neutral monetary policy stance, adopting a wait-and-watch approach in view of heightened geopolitical uncertainty arising from the West Asia conflict. The central bank assessed the possible effects of disrupted energy supplies, higher crude prices, rupee weakness, supply-chain disruptions and freight-cost pressures on inflation, growth and the current account, while noting that inflation remained within the target band for the time being. It also indicated that the economy faced a supply shock and that the full impact of the conflict would become clearer over the coming months.
April 8, 2026
Show AI Summary
Monetary policy remains neutral as the repo rate stays unchanged, with growth and inflation projections set for FY27.
The Reserve Bank's first bi-monthly monetary policy for fiscal 2026-27 kept the repo rate unchanged at 5.25 per cent and retained a neutral monetary policy stance. It projected GDP growth at 6.9 per cent for FY27 and inflation at 4.6 per cent, while noting that the West Asia crisis and elevated energy and commodity prices may weigh on domestic economic activity and production. The Reserve Bank said it would remain proactive in ensuring sufficient liquidity in the banking system.
April 8, 2026
Show AI Summary
Retail inflation outlook remains within target as the repo rate stays unchanged amid supply and price pressures.
Retail inflation is projected at 4.6 per cent for the current financial year, within the government-mandated target range. Quarterly CPI-based inflation is estimated at 4 per cent in the first quarter, 4.4 per cent in the second, 5.2 per cent in the third and 4.7 per cent in the fourth, while headline inflation remains contained and below target. The Monetary Policy Committee kept the repo rate unchanged at 5.25 per cent amid geopolitical uncertainty, energy price pressures, weather-related food risks and supply chain dislocations.
April 8, 2026
Show AI Summary
School meal partnership expands nutritious mid-day meals through a centralised kitchen, improving classroom attendance and child nutrition.
Deutsche Bank, under its CSR programme in India, partnered with The Akshaya Patra Foundation to inaugurate a centralised kitchen in Pune for the PM POSHAN initiative. The facility is designed to provide hot, nutritious mid-day meals to 25,000 children in 29 government and government-aided schools, supporting classroom attendance, nutrition outcomes, and access to education. The kitchen operates as a food-safe and hygiene-compliant unit with electric meal-delivery vehicles, reflecting environmental sustainability alongside social impact.

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News and Press Release

Flash Report on Central Sector Infrastructure Projects worth ₹150 crore and above

April 25, 2026

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PAIMANA Portal Tracks 1,941 Infrastructure Projects worth ₹41.50 lakh crore as of March 2026

The Ministry of Statistics and Programme Implementation (MoSPI) continues to strengthen monitoring of Central Sector infrastructure projects through its PAIMANA platform, enabling improved tracking, timely reviews, and data-driven decision-making across Ministries. The portal tracks 1,941 Infrastructure Projects worth of ₹41.50 lakh crore as of March 2026.

Key Highlights

  • As of March 2026, 1,941 ongoing infrastructure projects, with a total revised cost of ₹41.50 lakh crore, are being monitored across 17 Central Ministries/Departments. The cumulative expenditure incurred on these projects stands at ₹19.93 lakh crore, accounting for approximately 48.02 per cent of the revised project cost, indicating steady progress in project implementation.
  • A significant proportion of projects are at advanced stages, with 777 projects (~40%) achieving over 80% physical progress, while 261 (~13%) have crossed 80% financial completion. The data also reflects a balanced pipeline, with projects distributed across early and advanced stages of implementation.
  • The Transport & Logistics sector (as per the DEA’s Harmonized Master List) accounts for the highest number of ongoing projects (1428 projects), with revised estimates of ₹22.66 lakh crore underscoring priority to connectivity-driven infrastructure growth.
  • 1,941 ongoing infrastructure projects include 786 Mega projects (project cost of ₹1,000 crore & above) with an original cost of ₹30.48 lakh crore, and 1,155 Major projects (project cost below ₹1,000 crore and up to ₹150 crore) amounting to ₹5.41 lakh crore.
  • Physical and financial progress broadly move in tandem, with a large number of projects clustered at the initial (0–20%) and advanced (81–100%) stages, indicating a pipeline of newly-started projects alongside many nearing completions. While physical progress exceeds financial progress in the 81–100% range, financial progress is relatively higher in the early stages, reflecting upfront expenditure patterns in project implementation.

2.   Ministry/ Departments-wise progress of Infrastructure Projects

  • Ministry of Road Transport & Highways accounts for the highest number of projects, with 1120 projects (58%), and a share of total revised project cost of ₹10.61 lakh crore (26%), highlighting its central role in national infrastructure development.
  • Ministry of Railways is implementing 244 projects (13%), and also commands the largest share of total revised project cost at ₹8.37 lakh crore (20%).
  • Ministry of Coal accounts for implementing 127 projects (6%), with a total revised project cost of ₹2.46 lakh crore (6%).
  • The Ministry of Petroleum & Natural Gas, Ministry of Power, Ministry of Housing & Urban Affairs, and the Department of Water Resources, River Development & GR are implementing 108, 98, 53, and 49 projects, with associated revised costs of ₹5.11 lakh crore, ₹5.14 lakh crore, ₹3.6 lakh crore, and ₹2.26 lakh crore, respectively.
  • The remaining 142 projects (7%), with a total revised cost of ₹3.96 lakh crore (10%), are distributed across various Ministries/Departments including Higher Education, Civil Aviation, Steel, Telecommunications, Labour & Employment, Ports, Shipping & Waterways, Health & Family Welfare, Mines, DPIIT, and Sports. (Refer Annexure I)

3.   Sector-wise (as per DEA’s Harmonized Master List of Infrastructure) Progress of Infrastructure Projects

  • Transport & Logistics remains the dominant sector, accounting for 55% of total revised cost (₹22.66 lakh crore) across 1,428 projects (73 % of the total Projects), underscoring the central role of Roads & Highways, Railways, Aviation, Urban Public Transport, Shipping, and Inland Waterways in economic integration and logistics efficiency.
  • The Energy sector follows with 26% of aggregated revised cost (₹10.79 lakh crore) across 212 projects, reflecting sustained emphasis on Oil & Gas infrastructure, electricity generation, transmission and distribution networks, and energy storage systems.
  • Communication infrastructure, with a revised cost of ₹2.73 lakh crore (7%) across 12 projects, represents targeted interventions aimed at strengthening digital connectivity.
  • Water & Sanitation projects account for ₹2.31 lakh crore (5%) across 71 projects, highlighting continued focus on essential urban services.
  • Social & Commercial infrastructure, comprising 73 projects with a revised cost of ₹0.79 lakh crore (2%), reflects selective investments in education, healthcare, real estate, and tourism, hospitality and wellness.
  • Projects classified under ‘Others’, amounting to ₹2.20 lakh crore (5%) across 145 projects, indicate diversification across sectors such as coal, steel, metals, and mining.

(Refer Annexure II)

4.   Completed Projects and New Additions

  • During March 2026, 25 projects were commissioned, including major assets in Road Transport & Highways, Petroleum & Natural Gas, Housing & Urban Affairs, Railways, Power, Ports, Shipping and Waterways, Telecommunications, Steel and Labour and Employment. Notable commissioned projects include the “Delhi-Ghaziabad-Meerut Regional Rapid Transit System [RRTS] corridor” (₹ 30,274 crore) from Ministry of Housing & Urban Affairs, and the “Tehri Pumped Storage Plant Project [4x250 MW] (₹ 8,339 crore) from Ministry of Power.
  • During March 2026, 12 additional projects from MoRTH were brought under the monitoring of PAIMANA.

5.    Next date of Press Release: Flash Report for the month of April 2026 would be released on 25th May 2026.

Note

  1. The press release summarizes highlights from the MoSPI’s Flash Report (March 2026) on Central Sector Infrastructure Projects (₹150 crore and above), available at https://www.ipm.mospi.gov.in/ or via the QR code.

 

  1. PAIMANA is a centralized web-based portal for monitoring of Central Sector Infrastructure Projects worth ₹150 crore and above. Operating on the "one data, one entry" principle, it integrates with DPIIT’s IPMP portal via APIs to automatically update more than 70% of project data from various Ministries/Departments. PAIMANA also serves as a national repository designed to standardize infrastructure monitoring and support informed decision-making for nation-building.

Annexure I

Ministry/ Departments-wise progress of Central Sector Infrastructure Projects

S. No

Ministry/ Department

Project Count

Revised Cost

(₹ Lakh cr.)

Cumulative Expenditure           (₹ Lakh cr.)

1

Ministry of Road Transport & Highways

1120

10.61

3.52

2

Ministry of Railways

244

8.37

5.69

3

Ministry of Coal

127

2.46

0.80

4

Ministry of Petroleum & Natural Gas

108

5.11

2.99

5

Ministry of Power

98

5.14

1.94

6

Ministry of Housing & Urban Affairs

53

3.60

1.98

7

Department of Water Resources, River Development & GR

49

2.26

1.61

8

Department of Higher Education

29

0.14

0.08

9

Ministry of Civil Aviation

26

0.23

0.11

10

Ministry of Health & Family Welfare

23

0.21

0.08

11

Ministry of Steel

19

0.23

0.10

12

Ministry of Labour and Employment

12

0.03

0.02

13

Department of Telecommunications

12

2.73

0.77

14

Ministry of Ports, Shipping and Waterways

11

0.22

0.15

15

Ministry of Mines

6

0.10

0.07

16

Department for Promotion of Industry & Internal Trade

3

0.05

0.01

17

Department of Sports

1

0.01

0.01

 

Total

1941

41.50

19.93

 

Annexure II

Sector-wise (as per DEA’s Harmonized Master List of Infrastructure) progress of Central Sector Infrastructure Projects

S. No

HML Category

Project Count

Revised Cost      (₹ Lakh cr.)

Cumulative Expenditure      (₹ Lakh cr.)

1

Transport & Logistics

1428

22.66

11.28

2

Energy

212

10.79

5.21

3

Water & Sanitation

71

2.31

1.65

4

Communication

12

2.73

0.77

5

Social & Commercial

73

0.79

0.34

6

Others

145

2.21

0.67

 

Total

1941

41.50

19.93

 

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