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Fuel Price Freeze, Fiscal Burden, and the OMC Stress Cycle: A Case-Cum-Research Study of India’s Under-Recovery Regime in FY2025–26

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  Fuel Price Freeze, Fiscal Burden, and the OMC Stress Cycle: A Case-Cum-Research Study of India’s Under-Recovery Regime in FY2025–26 Abstract India’s public-sector Oil Marketing Companies (OMCs)— Indian Oil Corporation , Bharat Petroleum Corporation Limited , and Hindustan Petroleum Corporation Limited —entered FY2025–26 under severe financial stress due to rising crude oil and liquefied petroleum gas (LPG) prices, partial retail price controls, and delayed compensation mechanisms. LPG under-recoveries crossed approximately ₹41,000 crore during FY2024–25 and continued accumulating into FY2025–26. Simultaneously, petrol and diesel pricing constraints amplified pressure on OMC profitability, liquidity, and investment capacity. This case-cum-research paper examines the structural causes of under-recoveries, macroeconomic and geopolitical triggers, financial implications for OMCs, and fiscal consequences for the Government of India. The paper integrates policy analysis, financial ...

From Export Quotas to Nutrition Security: India’s Agricultural Trade Strategy under the SEHAT Mission (2026–2029)

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  From Export Quotas to Nutrition Security: India’s Agricultural Trade Strategy under the SEHAT Mission (2026–2029) Abstract India’s agricultural export strategy between 2026 and 2029 is expected to balance three major objectives: foreign exchange earnings, domestic food price stability, and nutrition security under the proposed SEHAT (Sustainable Health and Agriculture Transformation) mission. This case-cum-research paper examines the export outlook for sugar, spices, and grains while analyzing the economic implications of sugar export quotas, domestic inflation management, and foreign exchange generation. The study uses secondary data from government reports, export statistics, commodity trends, and policy announcements to evaluate the relationship between export regulation and national food-security goals. The paper applies descriptive and comparative analysis to identify how export restrictions on sugar and grains influence domestic prices, farmer income, and India’s trade ...