The government on Wednesday sharply raised import duties on gold and silver to 15 per cent from 6 per cent,.

U.S. consumer inflation in April to its highest annual level in nearly three years, has raised fresh concerns not only for the American economy but also for countries such as India that remain heavily dependent on crude oil imports.

The domestic share market indices recorded marginal gains to close in the green on Wednesday, with Sensex and Nifty snapping a four-session losing streak.

India’s unemployment rate in urban areas eased marginally to 6.6 per cent during the January-March 2026 quarter from 6.7 per cent in the preceding quarter.

The domestic share market ended lower on Tuesday falling nearly 2% to extend sharp losses,amid rising crude oil prices and concerns over the ongoing US-Iran tensions.

Union Minister Ashwini Vaishnaw  said India must move quickly to take advantage of the ongoing global technological transformation,asserting that the country has a significant opportunity to emerge as a leader.