Economy

Centre hikes export duty on diesel to ₹55.5/l, ATF to ₹42/l; petrol nil

The Finance Ministry effected the hike through five notifications by raising the Special Additional Excise Duty on diesel to ₹24 per litre and adjusting the Road and Infrastructure Cess

Remittance slowdown unlikely despite West Asia conflict: RBI DG Gupta

RBI Deputy Governor says remittances to India likely to remain stable as demand for migrant workers may rise despite ongoing conflict in West Asia

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

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

Ecommerce tariffs: India open to a longer extension of the moratorium

This will give businesses greater predictability, says Goyal

'₹12,754 cr misclassified, ₹54,282 cr in pending utilisation certificates'

CAG flags Rs 12,754 crore misclassification and Rs 54,282 crore pending utilisation certificates in FY25, raising concerns over transparency, budgeting gaps and fund transfers

Indian clearing house raises margin requirements for dollar-rupee forwards

CCIL said ‌it would levy a volatility margin of 20 per cent of initial margin with immediate effect under its foreign exchange forward segment regulations

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

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

Global risk aversion halts FPI momentum in FAR securities in FY26

In the financial year 2024-25, FPI inflows were supported by phased entry into JPMorgan's Government Bond - Emerging Market Index (GBO-EM)

Delhi Budget FY27 hikes capital outlay, but lags as share of GSDP

Delhi's FY27 Budget raises capital outlay and green spending, but capex remains below 1 per cent of GSDP, even as revenue surplus strengthens and fiscal deficit stays within limits

Bombay High Court halts GST action on 18% hotel restaurant levy

Court continues interim relief, stays show-cause notice in case challenging 18% GST rate on restaurants in high-tariff hotels, with hearing slated for June

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

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

Inflation dynamics: Ongoing Iran conflict will complicate policy choices

Research has shown that both the inflation rate and volatility moderated after the adoption of the flexible inflation-targeting framework

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

Finance Commission nudges CAG to override states on subsidy classification

The issue has drawn significant attention and public debate in recent times as states often announce a spate of freebies, particularly before Assembly elections

GST reforms have boosted economy, says FM Sitharaman in Lok Sabha

Sitharaman says rise in auto sales, tractors and cement output shows GST rate cuts supported demand, even as concerns remain over uneven price transmission