Economics
Trade, fiscal policy, banking, agriculture and economic indicators
Mint Explainer: What income tax changes will kick in from 1 April?
April 1, 2026 marks the commencement of the Income Tax Act, 2025, which replaces the Income Tax Act, 1961 — the most significant structural reform of India's...
Developing countries, LDCs can no longer be rule-takers at WTO: Commerce Secretary
India's Commerce Secretary, speaking in the context of the WTO's 14th Ministerial Conference (MC14) held in Yaoundé, Cameroon, asserted that developing count...
GST liability on intermediary services shifts to recipient from supplier
The Central Board of Indirect Taxes and Customs (CBIC) has effected two major reforms effective April 1, 2026: a structural change in GST liability for inter...
New Income Tax Act explained: What changes for salaried taxpayers from April 2026
The Income-tax Act, 2025 comes into effect from April 1, 2026, replacing the Income-tax Act, 1961 — a law that had been in operation for over six decades wit...
ACME signs ₹20,000 crore green ammonia deal with SECI for 10 years
ACME Cleantech Solutions has signed a ₹20,000 crore Green Ammonia Purchase Agreement (GAPA) with the Solar Energy Corporation of India (SECI) for a 10-year t...
West Asia conflict could shave off 1% point from India's FY27 GDP growth projections: EY
EY's Economy Watch report has warned that if the West Asia conflict persists through FY27, India's real GDP growth could erode by approximately 1 percentage ...
Sanand stands as a ‘bridge’ to Silicon Valley: PM on Gujarat town’s rise in semiconductor ecosystem
Prime Minister Narendra Modi inaugurated the semiconductor assembly and test facility of Kaynes Semicon at Sanand GIDC, Gujarat, describing Sanand as a "brid...
Indian refiners face prospect of margin squeeze as govt reinstates export duties
The government cut excise duty on petrol and diesel by ₹10 per litre while simultaneously reimposing export duties on diesel (₹21.50/litre) and aviation turb...
New I-T law, higher securities transaction tax on F&O trade to kick in from April 1
From April 1, 2026, India's six-decade-old Income Tax Act, 1961 is replaced by the Income-tax Act, 2025, representing the most comprehensive overhaul of Indi...
US tariffs drag India apparel export growth to modest 1.5%: ICRA
India's apparel exports recorded only modest growth of ~1.5% in the recent period, constrained significantly by high US tariffs imposed under the Trump admin...
10 foreign ships with energy cargo for India stranded in Persian Gulf
At least 10 foreign-flagged ships carrying energy supplies destined for India remain stranded in the Persian Gulf as Iran's de facto blockade of the Strait o...
India’s 1st Iranian oil cargo since 2019 headed to Gujarat coast
India's first Iranian crude oil cargo since May 2019 is heading to a Gujarat port, based on ship-tracking data, with Reliance Industries reportedly purchasin...
‘India reliable supplier globally’: PM Modi inaugurates Rs 3,300 crore semiconductor plant in Gujarat
Prime Minister Narendra Modi inaugurated the ₹3,300 crore semiconductor assembly and testing facility of Kaynes Semicon at Sanand GIDC, Ahmedabad district, G...
Govt notifies Finance Act 2026 that changes tax provisions from April 1
The government has officially notified the Finance Act 2026, giving legal force to the tax proposals announced in the Union Budget 2026-27, with changes effe...
Congress waiting like 'political vulture' to exploit West Asia war: PM Modi
Prime Minister Narendra Modi inaugurated the Kaynes Semicon semiconductor facility at Sanand GIDC, Ahmedabad (Gujarat) on March 31, 2026 — India's second ope...
Iran war shock: Middle East conflict could cut 1 ppt from India’s FY27 GDP outlook
A persistent Middle East conflict — triggered by the US-Israel war on Iran that began February 28, 2026 — could reduce India's real GDP growth for FY2026-27 ...
Trade Relief Measures for Exporters
The Reserve Bank of India issued "The Reserve Bank of India (Trade Relief Measures) Directions, 2026" (Press Release 2025-2026/2362, March 31, 2026), formall...
Reserve Bank of India (Trade Relief Measures) Directions, 2026
The Reserve Bank of India (RBI) on March 31, 2026, issued the RBI (Trade Relief Measures) Directions, 2026 (Reference: RBI/2025-26/263, DOR.STR.REC.No.455/21...
10 India-bound ships carrying energy cargo stuck in Persian Gulf
At least 10 India-bound ships carrying energy cargo — crude oil, LPG, and LNG — are stranded in the Persian Gulf, unable to transit the Strait of Hormuz due ...
As the US talks of seizing Kharg, 3 problems and an ominous precedent
US President Trump publicly mused about seizing Kharg Island, Iran's main oil export terminal in the Persian Gulf, as a way to pressure Tehran and gain lever...