Oil prices fall below $80 per barrel, while U.S. stocks drift
The article discusses a significant drop in global oil prices below $80 per barrel, influenced by optimism surrounding a potential U.S.-Iran deal that could reopen the Strait of...
Current Affairs
News & Analysis · Week 25, 2026 · Indian Economy
17 June 2026
16 June 2026
Odisha marine fishers stop going to sea for fishing due to “abnormal” diesel cost
Marine fishers in Odisha, under the Odisha Marine Fish Producers Association (OMFPA), have halted fishing operations due to an 'abnormal' increase in diesel costs. They are forc...
Export duty on diesel, ATF hiked with petrol unchanged
The government has increased the export duty on diesel to ₹14 per litre and on aviation turbine fuel (ATF) to ₹12.5 per litre, while keeping the levy on petrol unchanged at ₹1.5...
15 June 2026
The price of prestige: Is status up for sale?
The article explores the 'Veblen Effect,' where certain goods become more desirable as their price increases, driven by the pursuit of visibility, prestige, and status rather th...