Page 22 - Economy

More measures on anvil to help exporters tackle West Asia crisis: Goyal

Government is considering fresh measures, including freight support, to help exporters manage rising costs and disruptions caused by the ongoing West Asia crisis, says Goyal

IMF, IEA, World Bank join hands to manage West Asia crisis impact

IMF, IEA and World Bank form coordination group to assess and manage energy and economic fallout of West Asia crisis, focusing on supply disruptions and global stability

Agro-chemical sector sees input costs falling 8-9% after customs duty cut

The duty exemption will start from April 2 and continue till June 30, 2026, an official order said

West Asia crisis: More measures on anvil to support exporters, says Goyal

An US-Israel attack launched on Iran in February has disrupted movement of ships in the international waters. It has also pushed air freight and insurance cost for traders

Centre, RBI aligned on curbing currency speculation amid rupee fall

State-run banks should refrain from speculative positions in offshore markets when the rupee is under pressure, a person familiar with the matter said

Govt exceeds FY26 indirect tax collection estimates of ₹15.52 trillion

However, the collection from health and national security cess, which is levied on pan masala manufacturing has missed the target

No dearth of fuel or gas in country: Defence Minister Rajnath Singh

The defence minister further said that Prime Minister Narendra Modi was using his diplomatic skills to protect Indian interests in the Gulf region

Manufacturing PMI at 4-year low in March as West Asia war hits demand

Input cost inflation hit a 43-month high in March, while softer demand, market uncertainty and the West Asia war slowed new orders and output growth

Centre uses LPG import crunch to speed up piped gas adoption, cut imports

In March, India added 580,000 new households to its piped gas network, up from 342,300 a year earlier

Venezuelan crude exports surge to 6-year high as India fills China gap

Indian refiners, including Reliance Industries Ltd, Hindustan Petroleum Corp and Indian Oil Corp have purchased a combined 343,000 barrels a day for loading in March

India, US to continue to work towards finalising interim trade deal: USTR

India and the US will continue efforts to finalise an interim trade deal, even as a USTR report flags high tariffs and non-tariff barriers

Railways freight grows 3.3% in FY26 as coal cargo records rare contraction

Indian Railways missed its FY26 freight target by about 30 mt as coal cargo declined, even as overall freight volumes and earnings grew

Tiger Global ruling concerns: CBDT exempts pre-FY18 investments from Gaar

CBDT clarifies GAAR provisions to exempt pre-2017 investments from scrutiny, aiming to boost investor confidence and ensure tax certainty

Crisil to Icra: Rating upgrades tempered in FY26 as downgrades edged up

West Asia conflict to test India Inc's balance-sheet strength and margins in FY27

Restaurant industry staring at ₹79,000 crore hit amid LPG shortage

LPG supply constraints are forcing restaurants to shut outlets, cut menus, and reduce hours, with industry losses estimated at up to ₹79,000 crore

Gross GST growth in FY26 least since Covid-hit 2020-21, net up 7.1%

Net GST collections rose 8.2 per cent year-on-year to ₹1.78 trillion in March, supported by strong import growth, steady compliance, and rising domestic consumption trends

Govt allows temporary customs duty relief for SEZ units sold domestically

One-year relief aims to boost SEZ manufacturing by allowing eligible units to utilise idle capacity in the domestic market amid global export volatility

Shipbuilding ties to be in focus during South Korea President's visit

India and South Korea to prioritise shipbuilding cooperation during Lee Jae Myung's visit, alongside talks on semiconductors and small modular reactors

Coal demand rises in India as West Asia crisis disrupts gas supply

Coal demand in India is rising as the West Asia crisis disrupts gas supplies, prompting higher auctions by Coal India and pushing industries to reconsider fuel choices amid tightening energy markets

Coal India's output falls by 1.5%, ample stockpiles ready to meet demand

Output dropped from a year earlier to 84.5 million tons, while sales grew 0.7%, the company said