Economy

West Asia war: Shivalik, Nanda Devi can meet just a day's LPG demand

War-hit routes and contract-locked supplies squeeze availability

FY26 advance tax collection up 6.42% at ₹11.13 trn, shows I-T data

Net direct tax collection for FY26 as of March 17 grew 7.19 per cent to ₹22.80 trillion, driven by higher corporate and non-corporate taxes

Over 1.7 million tonnes of India's oil, LNG, LPG stuck in Strait of Hormuz

There are now 3 vessels on the east side after one more Indian-flagged ship joined them

Parliamentary Committee urges expedited WPI base revision to 2022-23

Committee asks DPIIT to align WPI with revised GDP, CPI and IIP series, and roll out producer price indices to improve price measurement and data accuracy

MCA aligns accounting standards with OECD's Pillar Two Model Rules

Companies must disclose exposure to Pillar Two income taxes under revised AS 22, while small and medium-sized firms are exempt from the new requirements

Gulf war jitters disrupt art routes, but India market remains resilient

Galleries rethink Art Dubai participation amid uncertainty, while strong domestic demand cushions impact

India blends sustainability with growth in twin-track model: Mospi

Mospi bulletins highlight gains in sanitation, electrification and inequality reduction as India aligns economic expansion with environmental sustainability under SDG framework

Cabinet clears ₹2,585 crore scheme for small hydro power projects

Scheme aims to add 1,500 MW capacity and attract ₹15,000 crore investment while supporting states and improving grid reliability and clean energy output

Why India built crude reserves but not LPG buffers despite demand surge

India built crude reserves for energy security but LPG was never treated the same way even as demand surged. Experts explain what held back storage planning

The minerals that will power tomorrow must be mined differently today

As demand for critical minerals surges with the clean energy transition, mining must adopt sustainable, technology-led practices to balance growth, environmental responsibility, community expectations

India's privatisation drive derails because of weak investor interest

The privatisation plan, delayed for years, is now facing fresh setbacks that include dwindling interest in state-run firms

Iran war flags rupee's vulnerability, banks pitch cross-currency trades

Brent crude is up nearly 40 per cent since the conflict in the West Asia began, threatening India's external balances and weighing on its inflation-growth balance

Panel calls for Centre-state board to oversee rollout of four labour codes

Parliament panel urges a Centre-State board to fast-track labour codes and calls for stronger social security for gig workers and streamlined skilling schemes

HCs tighten scrutiny of GST enforcement actions amid due process concerns

High courts are tightening scrutiny of GST enforcement actions, emphasising due process and procedural fairness in cases involving registration suspensions and bank account attachments

Two-thirds of unemployed youth are graduates: State of Working India report

Graduate unemployment is rising in India despite higher education levels, with job creation lagging behind the addition of degree holders, says State of Working India 2026 report

Concerns grow over Darjeeling first flush amid shortage of commercial LPG

Industry bodies warn fuel curbs may disrupt processing of premium first flush tea, which drives a large share of Darjeeling's annual revenue

India plans ₹600 crore war chest to boost LNG supply for fertiliser units

With the West Asia war showing no sign of an early end, the government has started working on alternative plans to keep fertiliser units running once they resume operations

China overtakes Netherlands as India's third-largest export market

China became India's third-largest export destination in February, overtaking the Netherlands, even as overall exports declined and shipments to key markets weakened

LPG supplies remain a concern for India amid West Asia crisis: Govt

An LPG vessel Nanda Devi arrived at Kandla port early Tuesday, safely crossing the Strait of Hormuz, offering some relief amid ongoing supply concerns

FY27 funds won't be enough to meet targets under key programmes: Mospi

Mospi flags FY27 fund shortfall despite years of underspending and large surrenders, as a parliamentary panel highlights gaps in utilisation and fiscal planning