Economics
Trade, fiscal policy, banking, agriculture and economic indicators
New income-tax act takes effect today
From April 1, 2026, the Income Tax Act, 2025 replaces the 1961 Act, bringing the most comprehensive overhaul of India's direct tax law in six decades. Share ...
RBI's net short position rises to $77 billion in Feb as it defends rupee
The Reserve Bank of India's net short dollar position in its forward book rose to $77.5 billion in February 2026, a record high, up from $68.42 billion in Ja...
Centre plans sweeping reforms as West Asia war jolts supply chains
The Union government is preparing a comprehensive reform plan in response to supply chain disruptions caused by the West Asia war, with energy security and f...
On global tensions and India’s economy
The ongoing U.S.-Israel-Iran conflict has transmitted an acute external shock to India's economy through three primary channels: elevated crude oil prices, d...
Vegetable prices crash up to 80% since January, deepening farm distress
Since January 2026, vegetable prices in India have crashed sharply: potatoes down ~40%, onions ~50%, and tomatoes by up to 80% from recent highs. The crash i...
World Bank-funded health scheme in Kerala might need more scrutiny
Kerala's government received World Bank approval for the Kerala Health System Improvement Programme (KHSIP), a ₹3,464-crore ($280 million) project to be impl...
Japan to create special cell to push FDI into India
Japan's Ministry of Foreign Affairs is establishing a new dedicated center to assist Japanese companies in navigating India's regulatory environment and iden...
Courier export cap removed to boost ecomm shipments, cut logistics delays
From April 1, 2026, the Central Board of Indirect Taxes and Customs (CBIC) has abolished the ₹10 lakh (₹1 million) per-consignment value cap on courier expor...
Hormuz blocked, but India may get first delivery of Iranian crude oil after 7 years
An Iranian crude oil tanker is set to deliver its cargo to India for the first time in approximately seven years, even as the Strait of Hormuz remains effect...
Telangana Assembly passes Gig Workers Bill: What is the Bill about, and how other states with such laws have fared
The Telangana Assembly passed the Telangana Platform-based Gig Workers (Registration, Social Security and Welfare) Bill, 2026 on March 30, 2026, making Telan...
India signs record 219 Advance Pricing Agreements in FY26
India's Central Board of Direct Taxes (CBDT) signed a record 219 Advance Pricing Agreements (APAs) during FY2025-26, the highest annual total since the progr...
India may pivot to the US as conflict clouds availability of LPG from West Asia
India is actively diversifying LPG imports away from West Asia towards the United States, with US-origin supplies expected to remain competitive in Asian mar...
Popular duty remission scheme for exporters extended till September 30
The government extended the Remission of Duties and Taxes on Exported Products (RoDTEP) scheme to September 30, 2026, providing relief to Indian exporters fa...
India could face pressure as US pushes plurilateral e-commerce moratorium
The WTO's e-commerce customs duties moratorium — which has prevented WTO members from imposing customs duties on electronic transmissions since 1998 — expire...
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 ...