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Original analysis, derived from public data. India-anchored.

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Silhouetted construction workers on a rooftop beside a tall crane against a cloudy sky in Moscow, in black and white

Geopolitics

Russia's New Offer to Indian Workers Is Smaller Than Last Year's Reserved Slots

Delhi calls it a new corridor for Indian labour. Moscow's own numbers say the 2026 offer matches what it had already set aside, and sits far below what it needs.

October 4, 2026

Nine red and white Suryakiran aerobatic jets of the Indian Air Force in formation against a clear blue sky, with white smoke trails

Geopolitics

India's Air Force Needs 36 Fighters a Year and Its Tejas Maker Can Build 24

The air chief says the IAF must induct 36 to 40 fighters a year just to stop shrinking. Even at full capacity HAL's Tejas lines build 24, and the first jet from the 2021 order is still to arrive.

October 4, 2026

A white passenger jet connected to an airport terminal by an airbridge at dusk, seen through glass under a purple and orange sky

Business

Mumbai Airport Is Cutting a Third of Its International Flights to Fit Domestic Ones

Mumbai wants 265 of its 770 weekly international departure slots gone from October 25 to make room for domestic flyers. The cut is the bill for a schedule that slipped, and airlines are the ones paying it.

October 4, 2026

A shopkeeper reads a newspaper inside a brightly lit stall hung with beaded necklaces and stacked with bangles in an Indian market

Business

India's GST Rate Cut Has Not Yet Paid for Itself

A year after the GST rate cut, domestic collections grew 2.8 percent in April to June while consumer spending grew 9.9 percent. Imports and a re-labelled cess made the headline look stronger than the shop floor.

October 3, 2026

A pile of Indian 500-rupee notes bearing the Reserve Bank of India name, photographed close up in dark tones

Markets

Jefferies' Bond Portfolio Holds India's 15-Year Debt While Foreign Funds Sell It

A 7.38% yield on India's 15-year bond looks like a bargain on paper. In September, foreign funds sold FAR bonds for the first time since March, and the RBI's reserves paid for the gap.

October 3, 2026

A petrol pump attendant in a teal uniform fuelling a black and yellow auto rickshaw in India

Geopolitics

India Held Pump Prices Flat and Its Excise Revenue Fell 23 Percent

The UN expects fuel subsidies worldwide to pass $1 trillion in 2026. India's share hides in a tax cut, not the subsidy budget, and the first five months of accounts show the bill arriving.

October 2, 2026

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