Economy & Policy News

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

FY26 advance tax collection up 6.42% at ₹11.13 trn, shows I-T data

Net direct tax collection for FY26 as of March 17 grew 7.19 per cent to ₹22.80 trillion, driven by higher corporate and non-corporate taxes

Updated On: 18 Mar 2026 | 10:49 PM IST

Over 1.7 million tonnes of India's oil, LNG, LPG stuck in Strait of Hormuz

There are now 3 vessels on the east side after one more Indian-flagged ship joined them

Updated On: 18 Mar 2026 | 8:30 PM IST

Parliamentary Committee urges expedited WPI base revision to 2022-23

Committee asks DPIIT to align WPI with revised GDP, CPI and IIP series, and roll out producer price indices to improve price measurement and data accuracy

Updated On: 18 Mar 2026 | 8:23 PM IST

MCA aligns accounting standards with OECD's Pillar Two Model Rules

Companies must disclose exposure to Pillar Two income taxes under revised AS 22, while small and medium-sized firms are exempt from the new requirements

Updated On: 18 Mar 2026 | 8:03 PM IST

Gulf war jitters disrupt art routes, but India market remains resilient

Galleries rethink Art Dubai participation amid uncertainty, while strong domestic demand cushions impact

Updated On: 18 Mar 2026 | 7:14 PM IST

India blends sustainability with growth in twin-track model: Mospi

Mospi bulletins highlight gains in sanitation, electrification and inequality reduction as India aligns economic expansion with environmental sustainability under SDG framework

Updated On: 18 Mar 2026 | 6:30 PM IST

Cabinet clears ₹2,585 crore scheme for small hydro power projects

Scheme aims to add 1,500 MW capacity and attract ₹15,000 crore investment while supporting states and improving grid reliability and clean energy output

Updated On: 18 Mar 2026 | 5:55 PM IST

Why India built crude reserves but not LPG buffers despite demand surge

India built crude reserves for energy security but LPG was never treated the same way even as demand surged. Experts explain what held back storage planning

Updated On: 18 Mar 2026 | 5:30 PM IST

India's privatisation drive derails because of weak investor interest

The privatisation plan, delayed for years, is now facing fresh setbacks that include dwindling interest in state-run firms

Updated On: 18 Mar 2026 | 3:12 PM IST

Iran war flags rupee's vulnerability, banks pitch cross-currency trades

Brent crude is up nearly 40 per cent since the conflict in the West Asia began, threatening India's external balances and weighing on its inflation-growth balance

Updated On: 18 Mar 2026 | 2:40 PM IST

Panel calls for Centre-state board to oversee rollout of four labour codes

Parliament panel urges a Centre-State board to fast-track labour codes and calls for stronger social security for gig workers and streamlined skilling schemes

Updated On: 17 Mar 2026 | 11:49 PM IST

HCs tighten scrutiny of GST enforcement actions amid due process concerns

High courts are tightening scrutiny of GST enforcement actions, emphasising due process and procedural fairness in cases involving registration suspensions and bank account attachments

Updated On: 17 Mar 2026 | 11:46 PM IST

Two-thirds of unemployed youth are graduates: State of Working India report

Graduate unemployment is rising in India despite higher education levels, with job creation lagging behind the addition of degree holders, says State of Working India 2026 report

Updated On: 17 Mar 2026 | 11:44 PM IST

Concerns grow over Darjeeling first flush amid shortage of commercial LPG

Industry bodies warn fuel curbs may disrupt processing of premium first flush tea, which drives a large share of Darjeeling's annual revenue

Updated On: 17 Mar 2026 | 11:31 PM IST

India plans ₹600 crore war chest to boost LNG supply for fertiliser units

With the West Asia war showing no sign of an early end, the government has started working on alternative plans to keep fertiliser units running once they resume operations

Updated On: 17 Mar 2026 | 11:30 PM IST

China overtakes Netherlands as India's third-largest export market

China became India's third-largest export destination in February, overtaking the Netherlands, even as overall exports declined and shipments to key markets weakened

Updated On: 17 Mar 2026 | 11:11 PM IST

LPG supplies remain a concern for India amid West Asia crisis: Govt

An LPG vessel Nanda Devi arrived at Kandla port early Tuesday, safely crossing the Strait of Hormuz, offering some relief amid ongoing supply concerns

Updated On: 17 Mar 2026 | 11:06 PM IST

FY27 funds won't be enough to meet targets under key programmes: Mospi

Mospi flags FY27 fund shortfall despite years of underspending and large surrenders, as a parliamentary panel highlights gaps in utilisation and fiscal planning

Updated On: 17 Mar 2026 | 11:00 PM IST

West Asia crisis: Ramping up domestic LPG output, says FM Sitharaman

Shipping constraints through the Strait are expected to persist in the near term, with global supply adjustments taking time

Updated On: 17 Mar 2026 | 10:53 PM IST