Page 33 - Economy

In crisis created by the Iran war, survival won't be enough for businesses

Beyond firefighting, leaders must leverage shifting market dynamics and deepen relationships to secure a long-term competitive advantage

Maharashtra ignored over 10k audit queries, ₹891 crore lapses possible: CAG

The CAG has raised queries over the accounts, some dating back over a decade, but the departments have left them unanswered

Iran war could shave off 1% point from India's FY27 GDP growth forecast: EY

EY in its February report had projected India's GDP could to be between 6.8 and 7.2 per cent in the 2026-27 fiscal

New I-T law, higher securities transaction tax to kick in from April 1

The Income-tax Act, 2025, will replace the Income-tax Act, 1961, with effect from April 1, 2026

Why closure of Strait of Hormuz leaves Asian nations most vulnerable

Wealthier economies like China, Japan and Singapore, with deep pockets and strategic reserves, can cushion the blow - in the short term at least - but others are more exposed

IIP growth rose to 5.2% in February as manufacturing output climbs

Industrial output growth edges up to 5.2% in February, led by manufacturing recovery, while electricity and mining output show mixed trends amid global pressures

Datanomics: Delhi's revenue surplus intact, priorities seeing a shift

Delhi retains revenue surplus in FY27 Budget, but low capital outlay and shifting spending priorities raise questions on long-term growth

Centre's fiscal deficit in April-February at 80% of FY26 target: CGA

Fiscal deficit narrows to 80.4% of revised estimates in April-February FY26, aided by higher revenues and steady capex, though global risks may pressure FY27 outlook

WTO's MC14 concludes without declaration as countries 'ran out of time'

Ministerial ends without consensus on key issues including e-commerce tariffs and TRIPS, with talks set to continue in Geneva amid deep divisions among members

FY26 marks sweeping tax overhaul with new income tax law, GST reforms

Union Budget-driven changes introduce new Income Tax Act, GST 2.0 rationalisation, and compliance reforms aimed at simplifying taxation and boosting transparency

Bank credit to industry rises 13.5% in Feb on infra demand: RBI data

Credit to industry recorded a year-on-year growth of 13.5 per cent, compared with 7.5 per cent in the corresponding fortnight of last year, the RBI said

Centre's fiscal deficit touches 80.4% of full-year target at Feb-end: CGA

The central government estimates the fiscal deficit (the gap between expenditure and revenue) during 2025-26 at 4.4 per cent of GDP, or Rs 15.58 trillion

Govt has taken steps to counter West Asia crisis impact: MoS Finance

Global crude prices have risen almost 50 per cent since the US and Israel launched military strikes against Iran on February 28, triggering sweeping retaliation from Tehran

India's industrial output grows 5.2% in Feb led by manufacturing growth

The factory output, measured in terms of the Index of Industrial Production (IIP), expanded by 2.7 per cent in February 2025, an official statement said

A weak rupee, high oil prices pose a double whammy for India's import bill

A weaker rupee and a war-led jump in crude may make India pay more for imports, affecting headline inflation as well as the trade deficit

Why Iran war has forced India to bring kerosene back to the kitchens

Kerosene, once widely subsidised and used in India, was phased out with LPG expansion; now, amid global supply disruptions, the fuel is making a temporary return to households

Centre relaxes kerosene supply rules for 60 days amid LPG shortage

The government has granted temporary permission to OMCs to store kerosene up to 2,500 litres to ensure fuel availability for cooking purposes

Govt okays PDS kerosene allocation to states, UTs amid energy crisis

Earlier in the day, the Ministry of Petroleum & Natural Gas released a statement updating important steps undertaken to sustain uninterrupted energy supplies

WTO debates five-year extension of global ban on ecommerce tariffs

India has been resisting a long-term ecommerce duty moratorium citing concerns over revenue loss

US-India partnership set for 'win-win' economic growth: Sergio Gor

The envoy's remarks came amid efforts by New Delhi and Washington to solidify bilateral ties following a turbulent spell triggered by the US policy on tariffs