Economy

Only 54 forms ready as new Income-Tax Act rolls out from April 1

India will roll out the new Income-tax Act, 2025 from April 1 with 54 forms operational initially, while the rest will be introduced in phases during FY27

USTR launches tariff investigation into 16 countries, including India

USTR opens Section 301 investigations into 16 economies, including India, over excess manufacturing capacity that Washington says undermines US industrial revival

February retail inflation rises to 3.21% from 2.74% in Jan on new series

CPI inflation increased by 47 basis points year-on-year in February, data showed

Stainless steel industry to push for separate policy in meeting with govt

Industry body to seek higher import duty, safeguard measures and life-cycle cost analysis in infrastructure procurement as it pushes for a dedicated national policy for stainless steel

Aluminium industry seeks exemption from 50% RoDTEP rate cut on exports

Industry body urges DGFT to exclude aluminium products from 50% RoDTEP rate reduction, citing rising tariff barriers, shrinking export opportunities and growing global competition

Oil reserve release had 'strong impact' on energy markets: IEA head

IEA's record 400-million-barrel reserve release aims to stabilise global oil markets after the Strait of Hormuz closure triggered one of the biggest energy shocks in decades

How persistently high oil prices could impact India's vulnerable economy

The most immediate impact would be on India's current account deficit. This concern has pushed the rupee to a record low and forced the central bank to sell dollars from its reserves

Govt plans new smartphone export incentives in a boost for Apple, Samsung

The policy design, size of the incentives and the overall budget are still being finalised and may change during the inter-ministerial consultations

Cooking gas crunch in India fuels inflation fear as Iran war widens

The gas crunch is rippling through the economy, raising fears about a spike in prices and a drop in output in some sectors

Trump admin launches trade probes into 16 nations including India, China

The US has launched fresh trade investigations into 16 major trading partners, including India, under Section 301 of the Trade Act of 1974, after the SC struck down much of Trump's tariff programme

Don't panic, fuel cargoes on the way, says govt as supplies tighten

India will soon receive two cargoes each of crude oil and LNG via routes bypassing the Strait of Hormuz as refiners boost LPG production to ease supply pressures

Niti Aayog urges states to follow fiscal deficit norms under FRBM Act

The Fiscal Responsibility and Budget Management (FRBM) Act aims to regulate the country's debt level by restricting fiscal and revenue deficits as a percentage of GDP

Across workshop lanes of Punjab, the workbench warms as exports recover

Textile mills, engineering units, and sports goods makers across Ludhiana and Jalandhar test a fragile export revival

Manufacturing-led capacity additions likely to touch Rs 3.6 trn in FY26

India's capacity additions are expected to touch nearly Rs 3.6 trillion in March FY26, led by manufacturing projects, though geopolitical tensions in West Asia could cloud future private investments

Startups may get to access 'stalled' capital under new PN3 regime

Revised policy may ease startup funding and support IPO-bound companies while maintaining security oversight

Iran war: Fiscal pressures on govt may mount next FY, say experts

A prolonged West Asia conflict could strain India's fiscal position through higher fertiliser subsidies, rising import costs and weaker revenue growth

FDI easing under Press Note 3 not meant for Chinese firms, clarifies govt

Automatic-route investment applies only to global entities with up to 10% Chinese ownership; firms registered in China must still seek government approval

FATF: India building tools to detect unregistered virtual asset firms

India plans an indigenous Virtual Asset Lab to detect unregistered offshore crypto platforms as regulators tighten oversight following FATF concerns over money-laundering risks

FDI restrictions relaxed for China, other countries under Press Note 3

Automatic route allowed for stakes below 10%

High oil prices may intensify pressure on Indian oil companies: Moody's

Rising global oil prices may intensify financial pressure on India's state-owned oil companies as retail fuel prices remain largely unchanged, says Moody's