Economy & Policy News

Iran war prompted India to change crude formula to fix 3-year inaccuracy

Old formula did not represent the price paid by Indian refiners

West Asia war: OMCs face renewed pressure as US-Iran peace talks collapse

Indian vessel carrying nearly 20,400 tonnes of LPG crossed Hormuz on April 11

CBDT urged to issue master circular on legacy tax guidance in new I-T law

Experts flag ambiguity over applicability of legacy circulars under the new Income-tax Act, 2025, seeking clarity to reduce disputes and ensure uniform compliance

Consumer durables' Q4 results may show impact of war, March rainfall

Rising input costs and unseasonal March rains hurt consumer durables demand in Q4FY26, with margin pressures expected to persist despite modest growth outlook

India's poverty map bends under climate pressure, finds NISER study

Niser analysis across 593 districts links erratic weather patterns to shifting livelihoods, unstable incomes

Coal imports slip 8.5% in Feb amid record stockpiles, firm global prices

India's coal imports fall 8.5% in February as high domestic stockpiles and firm global prices curb demand, with adequate supplies easing power concerns

'India-UK free trade pact may come into force from second week of May'

While India has opened its market to various consumer goods, including chocolates, biscuits, and cosmetics, it will gain greater access to export products, such as textiles, footwear

Centre hikes export duty on diesel to ₹55.5/l, ATF to ₹42/l; petrol nil

The Finance Ministry effected the hike through five notifications by raising the Special Additional Excise Duty on diesel to ₹24 per litre and adjusting the Road and Infrastructure Cess

Diesel duty raised to ₹55.5/l, ATF to ₹42/l; petrol remains nil: Centre

As per the notification, export duty on diesel has been raised to ₹55.5 per litre from ₹21.5 per litre, while duty on ATF has been increased to ₹42 per litre from ₹29.5 per litre

Energy, defence, and trade on agenda as Foreign Secy Misri heads to Europe

West Asia crisis and its impact on energy security are expected to figure prominently in Misri's talks with the interlocutors in Paris and Berlin

Vietnam's Vingroup signs pact to invest $6.5 billion in Maharashtra

Vietnam's Vingroup plans $6.5 billion investment in Maharashtra across urban infrastructure, EV mobility and renewable energy, boosting jobs and green growth

9.85 mn houses power rural-led unincorporated construction surge: NSO

NSO study shows household-led construction dominates unincorporated sector with strong rural skew, high labour intensity and reliance on internal funding

Oil prices set for biggest weekly loss in 10 months after US-Iran ceasefire

Brent crude futures were up 5 cents, or 0.05 per cent, at $95.97 a barrel by 1150 GMT

ADB pegs India FY27 growth at 6.9% supported by reforms, trade deals

Multilateral lender predicts economic growth to rebound to 7.3% in FY28 driven by EU trade pact and a rise in government staff's income

Weekly sectoral stress indicator in the works: Commerce Secretary

Government plans weekly sectoral stress indicator to track trade and logistics disruptions as West Asia crisis raises input costs and supply chain concerns

West Asia crisis must not become opportunity to profiteer: Sonowal

Shipping minister asks maritime players to avoid profiteering amid West Asia crisis, ensure transparency in charges and faster cargo clearance at ports

West Asia crisis: Govt to set up weekly system to track EXIM trends

Exporters highlighted that stress in supply chains, logistics constraints and rising input costs can impact industries, such as apparel, leather, telecom/optical fibre and medical devices

India's forex reserves jump $9 bn to $697.1 bn in week ended April 3

In the previous reporting week, overall forex reserves had dropped by $10.28 billion to $688.05 billion

India must rethink reliance on West Asia after current energy shock: ONGC

ONGC Chairman and CEO Arun Kumar Singh warned that a shifting global order and rising geopolitical tensions are undermining long-held assumptions about energy security

E-way bills hit record 140.6 million in March, up 13%, shows GSTN data

GSTN data shows e-way bill generation at record high in March, reflecting strong goods movement and compliance, though experts caution against treating it as a proxy for growth