AGP Executive Report
Last update: 5 hours agoGold-Silver Shock: India has more than doubled import duties on gold and silver to 15% (from 6%) from May 13, aiming to cool bullion demand and protect foreign-exchange reserves amid West Asia oil-price stress—prices jumped 6% after the move. Energy Austerity Push: Delhi is tightening fuel discipline: officials are told to cut official vehicle use and carpool, while a Delhi minister took the metro to back PM Modi’s conservation call. Transport Crackdown: Delhi will restart e-rickshaw registrations from May 15 with stricter rules, including a one e-rickshaw per licence holder cap and mandatory training. Inflation Watch: SBI says West Asia tensions haven’t yet hit India’s retail inflation much; the next direction hinges on fuel pass-through and summer crop coverage. Macro Headwind: Moody’s cut India’s 2026 growth forecast to 6%, citing higher energy costs. Geopolitics & Trade: India signalled a tough line to China over Operation Sindoor support to Pakistan, and expects the India–Oman FTA to start June 1.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result.
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