Economy

Super-rich tax may address inequality, says former CEA Kaushik Basu

Kaushik Basu says progressive taxation on very high incomes can reduce inequality without weakening enterprise, while experts stress restoring trust through jobs and welfare systems

Updated On: 21 Mar 2026 | 12:11 AM IST

West Asia conflict: Stranded vessels running out of fresh water, food

DG Shipping warns of supply shortages on stranded vessels, rising freight and insurance costs, and potential disruptions to India's trade and energy security

Updated On: 21 Mar 2026 | 12:01 AM IST

New I-T rules notified; new Act to ease compliance, cut litigation, says FM

New rules expand HRA benefits to more cities, clarify EV taxation, tighten reporting norms and streamline transfer pricing and foreign tax credit processes

Updated On: 20 Mar 2026 | 11:39 PM IST

How distorted West Asia crude pricing hurts India as war lifts import costs

System adds hundreds of millions of dollars to India's fuel import bill; ministry aware

Updated On: 20 Mar 2026 | 9:30 PM IST

New I-T Act to ease compliance for small taxpayers: FM Nirmala Sitharaman

Finance Minister says expanded presumptive taxation and simplified provisions under the new law will reduce compliance burden and litigation for small businesses and professionals

Updated On: 20 Mar 2026 | 7:58 PM IST

India's forex reserves fall $7 billion to $709.76 billion, shows RBI data

India's forex reserves dropped USD 7.052 billion to USD 709.759 billion during the week ended March 13, the RBI said on Friday.

Updated On: 20 Mar 2026 | 5:29 PM IST

Iran conflict threatens fresh food-price surge across developing world

Developing countries were gaining after pandemic and Ukraine shocks, but the Iran conflict now threatens food, fuel and finance gains and could leave households struggling

Updated On: 20 Mar 2026 | 1:20 PM IST

Oil surges to $108 per barrel amid West Asia war; India denounces strikes

To secure supplies, 13 tankers carrying around 3.5 lakh tonnes of LPG are currently headed from the US to India

Updated On: 20 Mar 2026 | 12:09 AM IST

India-UK FTA likely to be implemented by early May; EU by year-end

According to officials, the EU has indicated November as the timeline for the ratification of the trade pact with India, and its implementation is expected this year

Updated On: 19 Mar 2026 | 11:33 PM IST

Fertiliser stocks enough for kharif season; govt reaches out to nations

Warns against needless speculation

Updated On: 19 Mar 2026 | 10:56 PM IST

₹10,000 crore container scheme under appraisal: Sarbananda Sonowal

Government's Rs 10,000 crore container manufacturing scheme is under appraisal, aiming to boost domestic capacity, cut import dependence and strengthen supply chains

Updated On: 19 Mar 2026 | 10:41 PM IST

WTO reforms, e-commerce, investment facilitation to dominate MC14 talks

WTO's MC14 will see discussions on reforms, e-commerce rules, fisheries subsidies and public stockholding, with India expected to push for policy space and clarity

Updated On: 19 Mar 2026 | 9:37 PM IST

The missing piece: A cohesive national framework on India's urbanisation

India's 2026 policy framework recognises the importance of urban growth, but falls short of offering a cohesive, data-driven national urbanisation strategy to guide planning and investment

Updated On: 19 Mar 2026 | 8:01 PM IST

Domestic consumption priority, may review fuel exports plan: Govt

India may curb fuel exports to secure domestic supply as West Asia conflict disrupts energy flows and triggers LPG shortages

Updated On: 19 Mar 2026 | 7:07 PM IST

Labour ministry taps influencers to promote pension scheme for workers

Labour ministry invites digital influencers to promote PM-SYM pension scheme, aiming to boost awareness and expand social security coverage among informal workers

Updated On: 19 Mar 2026 | 4:41 PM IST

No gain from India-EU FTA as plug-in hybrids not included: Lamborghini CEO

Last year Lamborghini closed again with over 100 cars in India, he said, adding, our forecast is to, so far with the knowledge I have today, have a stable situation in the Indian market

Updated On: 19 Mar 2026 | 1:05 PM IST

Tamil Nadu surpasses Gujarat, Maharashtra to become top textile exporter

The state has witnessed a 29 per cent increase in export value in the last four years, an official release said

Updated On: 19 Mar 2026 | 12:22 PM IST

US national debt surges past $39 trillion just weeks into war with Iran

Federal debt has surged under both Republican and Democratic presidents, most recently fueled by wars, large-scale pandemic spending and tax cuts

Updated On: 19 Mar 2026 | 7:07 AM IST

Indian cities need governance, planning and finance reforms: Rajiv Gauba

India must overhaul urban governance, planning, and finance to support rapid urbanisation and achieve Viksit Bharat by 2047, says NITI Aayog's Rajiv Gauba

Updated On: 18 Mar 2026 | 11:46 PM IST

West Asia war: Shivalik, Nanda Devi can meet just a day's LPG demand

War-hit routes and contract-locked supplies squeeze availability

Updated On: 18 Mar 2026 | 11:32 PM IST