Economy & Policy News

Global corporation tax system has become complex, ineffective: Devereux

Economist Michael Devereux calls for moving beyond incremental reforms, arguing current global tax rules are complex, ineffective, and ill-suited to taxing multinationals

Datanomics: Excise duty maths likely to skew if fuel duty cuts stay

Prolonged fuel duty cuts could derail FY27 excise projections, with petroleum taxes - a key revenue pillar - facing a potential ₹1.32 trillion hit

Services PMI falls to 14-month low in March amid West Asia conflict

Growth momentum eased for a second month as output and sales slowed, while rising input costs and the West Asia crisis weighed on demand and business activity

GeM records ₹18.4 trillion GMV since inception; MSMEs dominate FY26

Government e-Marketplace records strong procurement growth, with MSMEs leading participation and AI-driven tools enhancing transparency, efficiency, and monitoring across transactions

APAs to stay relevant despite expanded safe harbour regime: Experts

Experts say advance pricing agreements will continue to be preferred by large firms for flexibility, certainty, and cross-border alignment despite simplified safe harbour rules

Current year more challenging amid West Asia crisis concerns: FM Sitharaman

She said the current year is likely to be more challenging due to the escalating conflict in the West Asia, which has heightened regional security concerns

Sebi wants independent directors to adopt 'constructive approach'

The career bureaucrat-turned-regulator said there is a need for capacity building among independent directors, and announced an initiative to work towards the goal jointly with other stakeholders

RBI MPC begins policy meet amid West Asia crisis; decision on Wednesday

The decision of the six-member Monetary Policy Committee (MPC), headed by Reserve Bank Governor Sanjay Malhotra, will be announced on Wednesday

West Asia crisis: Two more Indian-flagged LPG ships exit the Gulf

A third vessel, Jag Vikram, is still in the west of the Strait of Hormuz, according to ship tracking data

India issues tender to buy 2.5 mn tonnes of urea as Iran war hits supply

India regularly imports urea through global tenders to meet local demand

Services PMI hits 14-month low to 57.5 in March as cost pressures intensify

The Services PMI fell to 57.5 in March from 58.1 in February, marking the weakest expansion in 14 months, though it remained above the long-run average of 54.4

RBI may maintain status quo on repo rate, stance: Business Standard Poll

FY27 growth projection seen 6.5-7%; Inflation 4-4.9%

West Asia conflict: Fear arrives early in fields of Haryana and Punjab

In third part of series on West Asia impact, wholesalers warn of thin stocks as hoarding fears drive early fertiliser buying

West Asia conflict: Predictable expenses likely to boost EV demand

CSEP study says high crude prices may accelerate EV transition, but electric cars will continue to rely on fiscal incentives to remain competitive with ICE vehicles till 2030

Moody's cuts India's FY27 GDP growth forecast to 6% amid West Asia war

Moody's said prolonged disruptions, particularly LPG shipments due to the conflict, would lead to near-term household shortages, higher fuel and transport costs

West Asia conflict: Another Indian LPG vessel crosses Strait of Hormuz

7 Indian-flagged ships have crossed the strait so far; number of stranded vessels down to 17 from 28 at start of war

US pharma tariffs: CDMOs with innovator exposure likely to take a hit

Branded, patented pharma companies that have not agreed to lower drug prices via MFN agreements will face 100 per cent tariffs

India extends duty-free yellow peas import window until March 2027

All other terms and ​conditions ‌governing such imports would remain ​unchanged, the government said

Govt says India has bought Iranian oil, rejects reports of payment issues

Amid vessel-diversion rumours, the petroleum ministry also said that Indian refiners have secured crude and LPG imports, including from Iran

Costly LNG terminals in India hit by low utilisation amid supply shock

Newer LNG terminals face viability risks as West Asia conflict cuts supplies, raises prices and weakens demand, even as India expands import capacity and dependence on overseas gas