Economy

CBDT extends I-T return filing deadline for audit cases to November 21

The tax department has also extended the deadline for furnishing tax audit reports to October 21 from September 30, giving taxpayers more time for compliance

Russia remains India's top crude supplier in September amid supply squeeze

Russia supplied 1.74 million barrels per day of crude to India in September through September 27, as constrained West Asian supplies limited alternatives for refiners

RBI completes ₹1 trillion net debt sale for first time in a decade

New Delhi recently reduced the supply ​of debt maturing in three and five years for the rest of the fiscal year, signalling more open-market ​operations (OMO) from the RBI, market participants said.

Uttar Pradesh EV Subsidy Portal: Eligibility, benefits, application process and implementation

The EV Subsidy Portal is an online system developed by the Uttar Pradesh Transport Department to receive, verify, process and track claims for electric-vehicle purchase incentives

Industrial output growth quickens to 8% in August on manufacturing, power

Manufacturing growth rose to 9 per cent, its second-highest level in 29 months, while electricity and gas supply expanded 12.3 per cent during August

Uttar Pradesh's ethanol supply chain attracts investments in distilleries

Uttar Pradesh is attracting over ₹1,000 crore in private investment from distillers, while rising ethanol output and excise exports are strengthening the state's sugarcane value chain

Coal stocks at power plants plunge as hydro, solar output weakens

The government has mandated companies with captive coal generation capacity of more than 50 megawatts to run the plants at full throttle and sell surplus electricity through exchanges

India less worried about AI job losses than richer nations, data shows

Pew Research Center found that expectations of AI-driven job losses and a widening wealth gap were generally higher in countries with higher GDP per capita

Weekly policy watch: Goyal-Greer meet, IIP, PMI and forex data in focus

India's policy calendar this week will track industrial output, manufacturing activity and fresh forex reserves data

Piyush Goyal likely to meet USTR Jamieson Greer amid tariff threat

The meeting comes amid US tariff threats and a Section 301 probe, while New Delhi and Washington remain engaged in negotiations to finalise their bilateral trade deal

Private sector capex projected to rise to ₹3.2 trn in FY27: RBI bulletin

The aggregate cost of projects hit a record ₹4.4 trillion in FY26, with infrastructure continuing to dominate the investment landscape

CBIC eases paperwork to claim concessional duty on imports from UK

A valid Origin Declaration will suffice to claim concessional duty under the India-UK CETA, while Form-I may be sought only when a shipment is flagged for scrutiny

Uttar Pradesh has emerged as preferred investment destination: Piyush Goyal

Addressing the UP International Trade Show in Greater Noida, he also said that significant increase in the state revenue collection has helped to push the development of the state

India's consumer durables market to touch ₹3-3.25 trillion by 2030

In comparison, China, the world's largest market, is expected to grow at 1-2 per cent annually through 2030, while the US is projected to expand by 3 per cent and Japan by 1-3 per cent

Centre directs captive coal plants to maintain stocks, boost supply

The directions, applicable from October 1 to December 31, require captive generators to offer surplus power through exchanges after meeting their own demand

Foundation stone laid for India's first port-based e-methanol plant

The ₹2,300-crore plant at Deendayal Port Authority in Kandla will be developed in two phases by DPA and Assam Petro-Chemicals

US happy to become provider as India diversifies energy sources: Official

US State Department official Bethany Morrison said India-US ties have expanded across energy, defence and trade, with the US emerging as a key LPG supplier

Uttar Pradesh Excise Policy, 2023-24: Key provisions, licensing framework and implementation

The Uttar Pradesh Excise Policy, 2023-24, was the state government's annual framework for regulating alcoholic beverages and collecting excise revenue during FY24

Maharashtra declares drought in 265 talukas, announces relief measures

The government will announce financial assistance for crop losses after the prescribed procedure

Replacing 1 mn bpd of Russian oil could cost India up to $3.7 bn a year

India may face higher crude costs and tighter supply as refiners look for alternatives to Russian barrels amid US tariff pressure and rising fuel demand