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Business

India Doubled Its Subsidy to Refine Lithium and Nickel It Barely Mines

The Cabinet's Rs 2,814 crore scheme pays 30 per cent of plant costs, double the rate floated in February. It funds refining, not ore, and India's ore supply is the part the scheme does not touch.

November 5, 2026

Flames and smoke at an industrial steel furnace, seen from beside a machine cab, in a duotone treatment

Business

India Makes More Steel Than the US and Japan Combined and Still Imports More Than It Exports

India made 13.9 million tonnes of crude steel in September 2026, more than the US and Japan together. But consumption is rising 8 percent a year against output growth of 1.9 percent, and the gap is being filled by imports.

November 5, 2026

Customers crowd the counter of a small grocery shop on a street in India, with motorcycles parked in front

Business

India's Edible Oil Imports Hit a Two-Year High Right After a Duty Cut

The government cut duties on crude edible oils to lower prices. October imports then jumped 13% to about 1.74 million tonnes, with soyoil at a record. The cheaper oil comes with a bigger import bill.

November 4, 2026

Rows of black server cabinets with mesh doors and red and blue network cables in a data centre

Technology

India Runs 500 Million Bank Data Consents and Now Calls Consent Impractical for AI

India's banking data network asks for a consent every time data moves. A new government handbook for AI training says that step is impractical at scale and moves the safeguard elsewhere.

November 4, 2026

A white high-rise rises behind the colonnaded Asiatic Society building in Mumbai's Fort district, with taxis and pedestrians crossing the street in front

Markets

The RBI Aimed at Rupee Speculators and Dollar Hedging Fell by a Third

The RBI's 10 October curbs helped the rupee recover. They also made every dollar hedge costlier, and forward buying fell from a record $77 billion to $49.5 billion in a month.

November 4, 2026

Women and two men sitting in a circle on bare ground under trees at a community meeting in rural Nagpur, Maharashtra

Geopolitics

Most States That Still Penalise a Third Child Already Sit Below Replacement Fertility

On 4 November 2026 the Supreme Court said laws penalising a third child have lost their relevance. The fertility data says the laws are stranger than outdated: they sit almost entirely where the problem they target has already gone.

November 4, 2026

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