Bihar is set for a leadership transition as Nitish Kumar is expected to step down after the Khadmas period ends.

India and the US had announced a bilateral trade deal on February 2 this year, following months of negotiations between the two sides. Under the deal, US tariffs on Indian goods have been lowered from 50 percent to 18 percent.

Higher oil prices could push inflation beyond 6%, weakening the rupee and eroding GDP growth by 1%. As energy demand spikes loom, is India ready for the oil shock?