April 09, 2026

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CUSTOMS

7
Apr

Notification No. 35/2026 (Delhi)
S.O. … (E).– In exercise of the powers conferred by sub-section (2) of section 14 of the Customs Act, 1962

INCOME TAX

7
Apr

Notification No. 40/2026 (Delhi)
S.O. 1657(E).— In exercise of the powers conferred by clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961

7
Apr

Notification No. 43/2026 (Delhi)
S.O. 1659(E).— In exercise of the powers conferred by clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961

7
Apr

Notification No. 41/2026 (Delhi)
S.O. 1653(E).—In exercise of the powers conferred by sub-clause (b) of clause (46A) of section 10 of the Income-tax Act, 1961

7
Apr

Notification No. 44/2026 (Delhi)
S.O. 1656(E).— In exercise of the powers conferred by clause (46) of section 10 of the Income-tax Act, 1961

7
Apr

Notification No. 42/2026 (Delhi)
S.O. 1658(E).— In exercise of the powers conferred by clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961

7
Apr

Notification No. 45/2026 (Delhi)
G.S.R. 226(E).— In exercise of the powers conferred by section 139 read with section 295 of the Income-tax Act, 1961

7
Apr

Notification No. 46/2026 (Delhi)
G.S.R. 227(E).— In exercise of the powers conferred by section 139 read with section 295 of the Income-tax Act, 1961

7
Apr

Notification No. 47/2026 (Delhi)
G.S.R. 228(E).—In exercise of the powers conferred by section 139 read with section 295 of the Income-tax Act, 1961

7
Apr

Notification No. 39/2026 (Delhi)
S.O. 1647(E).—Whereas, the Protocol, amending the Convention and the Protocol between the Government of the Republic of India and the Government of the Federative Republic of Brazil for the avoidance

RBI

7
Apr

RBI/2026-27/01 (Delhi)
Implementation of Section 51A of UAPA, 1967: Updates to UNSC’s 1267/ 1989 ISIL (Da'esh) & Al-Qaida Sanctions List: Listing of 01 Entry

7
Apr

RBI/2026-27/02 (Delhi)
Reporting under Foreign Exchange Management Act, 1999 – Returns pertaining to Foreign Exchange Management (Guarantees) Regulations, 2026

7
Apr

RBI/2026-27/06 (Delhi)
Floating Rate Savings Bonds, 2020 (Taxable) - FRSB 2020 (T) - Operational Guidelines

7
Apr

RBI/2026-27/03 (Delhi)
Overseas Investment – Submission of References to the Reserve Bank

7
Apr

RBI/2026-27/04 (Delhi)
Risk Management and Inter-Bank Dealings (Revised)

7
Apr

RBI/2026-27/05 (Delhi)
Memorandum of Instructions governing money changing activities – Location of Forex Counters in International Airports in India

7
Apr

RBI/2026-27/07 (Delhi)
Limits for investment in debt and sale of Credit Default Swaps by Foreign Portfolio Investors (FPIs)

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INDIAN ECONOMY

India Weighs Austerity Steps, Sees No Immediate Risk to FY27 Deficit Goal, Sources Say

India sees no immediate risks to its fiscal deficit target for the financial year that began on April 1, and will continue to prioritise capital spending, two government sources said, as New Delhi assesses the fallout from the Middle East crisis. Officials are considering austerity measures, including spen...

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Crude oil, remittances & exports: RBI spells out where the Iran war bites India

India’s central bank has offered one of its most detailed assessments yet of how the West Asia conflict is feeding into the domestic economy, outlining a web of interconnected risks that run through energy markets, trade flows, capital movements, and financial conditions. While reaffirming that India’s mac...

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RBI GDP outlook FY26: India retains FY26 GDP at 7.6%, sets FY27 growth at 6.9% as Iran war, oil risks mount

The Reserve Bank of India kept FY26 growth unchanged at 7.6% but pencilled in a slower 6.9% expansion for FY27, projecting growth at 6.8% in Q1, 6.7% in Q2, before picking up to 7% in Q3 and 7.2% in Q4, even as it warned that the Iran war, higher oil prices and geopolitical tensions could weigh on the outlook...

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RBI Inflation 2026–27: Sanjay Malhotra & Co peg FY27 inflation projection at 4.6% as war risks cloud outlook

The Reserve Bank of India’s Monetary Policy Committee (MPC) on Wednesday set its inflation forecast for FY27. For the new fiscal year, CPI inflation is projected at 4.6%, with quarterly estimates of 4.0% in Q1, 4.4% in Q2, 5.2% in Q3, and easing to 4.7% in Q4. Core inflation is projected at 4.4%. The central ...

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Morgan Stanley cuts India growth forecast to 6.2%

Morgan Stanley has cut India’s growth forecast to 6.2% from 6.5% for FY27 and increased the inflation forecast to 5.1% from 4% citing the ongoing war in West Asia might lead to elevated energy prices and supply-side constraints. It had previously tracked upside risks, forecasting real GDP growth at 7.4% for Q...

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RBI cautious on Middle East crisis hitting India’s exports, remittances, supply chain – Key points

The Reserve Bank of India (RBI) decided on Wednesday to keep its key policy rate unchanged as it waits for clearer evidence of how the ongoing Iran war could affect India’s economy. The development came after US President Donald Trump announced a temporary two-week ceasefire with Iran, as the Middle East conf...

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5 RBI Policy takeaways: GDP forecast cut to 6.9% – Why Governor Malhotra is bracing for ‘West Asia Supply Shock’

The Reserve Bank of India (RBI) kept the repo rate unchanged at 5.25% and retained its ‘Neutral’ stance, as the Monetary Policy Committee (MPC) opted for a cautious approach amid rising global uncertainties including Iran-US war. The RBI has assumed an average crude rate of $85/bbl for this year and $75/bbl f...

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MARKET & FINANCE

GTF emerging as one of India’s most structured stock market institutes

In recent years, India has seen a noticeable rise in stock market participation. What was once limited to a small group of experienced traders is now becoming more mainstream. Students, working professionals, homemakers, and even small business owners are exploring trading and investing as part of their finan...

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India's 10-year bond yield nears 6.90% on Iran ceasefire, RBI decision awaited

Indian government bonds surged on Wednesday, as oil prices plunged after the U.S. agreed to a two-week Iran ceasefire, calming fears of an immediate escalation in the war, and resulting in bullish momentum before the central bank policy. The benchmark 6.48% 2035 bond yield was at 6.9177% as of 9:40 a.m. IS...

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MPC Forex Level: India forex reserves rebound to $697.1 bn as RBI flags volatility management

India’s foreign exchange reserves rose to $697.1 billion as of April 3, RBI Governor Sanjay Malhotra said during the Monetary Policy Meeting on Wednesday, indicating a recovery after recent sharp declines driven by currency market interventions. The uptick follows two consecutive weeks of depletion, during...

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No slowdown in India's remittances as West Asia crisis fans growth, inflation risks

India's central bank has sought to allay concerns over the impact of the West Asia conflict on remittance inflows, even as it flagged broader risks to external demand, trade, and the current account stemming from global uncertainties and elevated energy prices. Speaking after the Monetary Policy Committe...

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GLOBAL CORPORATE

Russia Says Middle East War Disruption Opens up New Trade Opportunities

Global supply disruptions caused by the war in the Middle East have opened up new trade opportunities for Russia, but price stability in the domestic market remains a priority, Russian Prime Minister Mikhail Mishustin said on Tuesday. Russia, the world's second-largest oil exporter, the largest wheat expor...

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Intel Joins Musk's Terafab AI Chip Project to Power Humanoid, Data Center Goals

Intel said on Tuesday it will join Elon Musk's Terafab AI chip complex project with SpaceX and Tesla to make processors powering the tech billionaire's robotics and data center ambitions. Intel's shares jumped more than 2% after the announcement. The company also posted a photo of CEO Lip-Bu Tan and Musk s...

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Analysis-How the Math Works on a $1.75 Trillion SpaceX Valuation

Elon Musk’s SpaceX is seeking a $1.75 trillion valuation in its forthcoming initial public offering. How far into the stratosphere is that? Going by common Wall Street metrics, the answer is, way out there. SpaceX would immediately become the sixth most-valuable publicly listed U.S. firm, worth more than t...

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US-Iran ceasefire, Hormuz reopening to ease shipping disruptions: FIEO

The announcement of a ceasefire, between the US and Iran, along with the reopening of the Strait of Hormuz, will provide immediate relief to exporters by easing shipping disruptions, FIEO said on Wednesday. US President Donald Trump announced a two-week suspension of military strikes against Iran. Iran ...

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US govt rejects aluminum tariff relief request from Ford, US automakers: Report

The US government has reportedly rejected aluminum tariff relief requests raised by Ford Motor and other American automakers. The news comes after multiple fire tragedies at Novelis aluminum rolling plant in late 2025 severely impacted US auto aluminum supply. The report was first broken as an “exclusive” by ...

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INCOME TAX

Direct tax collections miss estimate in FY26; Iran war to raise more revenue challenges in FY27: Govt sources

The direct tax collections for FY26 fell short of the revised estimates target of Rs 24.21 lakh crore, by over Rs 10,000 crore, mainly due to a lower-than-expected income tax mop-up, a senior government official told Moneycontrol, adding that indirect tax collections were achieved. The shortfall in tax rev...

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RBI

RBI eases NPA-linked capital rules, scraps IFR buffer for banks

The Reserve Bank of India has relaxed capital computation norms for banks, removing a key NPA-linked condition for including quarterly profits in capital adequacy calculations, while also proposing to do away with the Investment Fluctuation Reserve (IFR), RBI Governor Sanjay Malhotra said in the first bi-mont...

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RBI MPC Meet Highlights: RBI Gov says rates may stay low for short to medium-term; don’t see need for further revision of governance norms for banks yet

RBI Monetary Policy Meeting Highlights: The Reserve Bank of India (RBI) has kept policy repo rate unchanged at 5.25% and continues with ‘Neutral’ stance. The six-member Monetary Policy Committee (MPC) headed by RBI Governor Sanjay Malhotra began meeting on April 6. RBI voted to keep policy repo rates u...

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Banking

RBI to review board agendas, push focus on policy over operations

The Reserve Bank of India will undertake a comprehensive review of the matters placed before bank boards, aiming to sharpen their focus on policy issues rather than routine operational concerns. “To facilitate better utilisation of bank boards’ time—an issue raised by banks themselves—we have carried out a...

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RBI Governor on HDFC Bank: No governance concerns – Says India’s banking system remains resilient

Governor Sanjay Malhotra said that the Reserve Bank did not come across any governance or conduct-related issues during the supervisory inspection of HDFC Bank. Responding to a question at the post-monetary policy press conference on the sudden resignation of HDFC Bank Chairman Atanu Chakraborty and the su...

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GLOBAL ECONOMY

Italy Service Sector Contracts for First Time in 16 Months, Survey Shows

Italy's service sector contracted in March for the first time in 16 months, a business survey showed on Tuesday, as domestic and foreign demand declined and costs surged in connection with the conflict in the Middle East. S&P G...

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Spain Services Sector Grows but Costs Soar, Confidence Weakens Amid War, PMI Shows

Spain's services sector expanded faster in March but demand softened, costs rose at the fastest pace in nearly three years and confidence weakened amid the war in the Middle East, a business survey showed on Tuesday. The Spain ...

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German Service Sector Growth Slows to Seven-Month Low, PMI Shows

Business activity growth in Germany's service sector abruptly lost momentum in March as demand weakened amid fallout from the war in the Middle East, a survey showed on Tuesday. The final S&P Global services PMI for Germany fel...

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Canada's Ivey PMI Shows Activity Shrinking for First Time in Four Months

Canadian economic activity contracted in March for the first time in four months as a measure of inflation pressures increased, Ivey Purchasing Managers Index (PMI) data showed on Tuesday. The seasonally adjusted index fell to ...

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World Bank Says Nigerian Economy to Grow in 2026 but Iran War Lifts Inflation

Nigeria's economy is resilient and set to grow in the first half of 2026 despite the Iran war, the World Bank said on Tuesday, adding that rising fuel costs and persistently high inflation risk squeezing incomes and slowing povert...

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World Bank's Banga Sees Some Degree of Lower Growth, Higher Inflation Due to War

World Bank President Ajay Banga said on Tuesday the war in the Middle East would result in some degree of slower growth in the global economy and higher inflation, regardless of how quickly it ended. Banga, speaking at an event...

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China's Xi Urges Demand-driven Growth in Services Sector

China's President Xi Jinping has called for a demand-driven approach coupled with reform and technological empowerment to develop the service sector, the official Xinhua news agency reported on Wednesday. China will expand and ...

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Japan Business Mood Slumps, Bankruptcies Seen Rising as Iran War Lifts Costs

The Japanese business mood worsened in March to levels not seen since the start of the Ukraine war in 2022, a government survey showed, a sign surging oil costs and supply disruptions from the Middle East war were taking a toll on...

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Germany's February Industrial Orders Up, Albeit Far Below Forecasts

German industrial orders climbed in February from a month earlier but fell far short of expectations, underscoring less-than-robust business conditions for the country's manufacturers even before the start of the Iran war. Orde...

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UK Builders Report Biggest Leap in Cost Inflation on Record, PMI Shows

British construction firms reported the biggest rise in cost inflation from one month to the next on record in March and the Iran war also hit new orders and confidence in the sector, a survey showed on Wednesday. S&P Global's ...

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Global Banks Scale Back China Rate-Cut Calls, See Policy Rate on Hold This Year

Major global investment banks now expect China to keep official interest rates steady this year, scaling back earlier rate-cut calls, as the impact from the Middle East conflict appears limited, even as Beijing maintains a loose p...

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Fed Minutes of March Meeting Could Flesh Out How Policymakers View War Risks to Economy

U.S. Federal Reserve officials knew at their March meeting that the U.S.-Iran war was going to send inflation higher for the year, but minutes of the two-day session to be released Wednesday afternoon may flesh out even further th...

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INDIAN CORPORATE

Tata Steel hits record production in India due to surge in domestic demand

Tata Steel Ltd. has achieved record annual production in India, fueled by capacity expansions that helped one of the world's most geographically diversified producers navigate a shifting global landscape for industrial metals. ...

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With sights on huge gains, Biocon to scale up AI focus

Biopharma major Biocon is going full throttle on adoption of artificial intelligence and scaling up investments to embed the latest generation data science and analytical tools deeply into the entire spectrum of its operations ran...

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Adani Group announces Rs 33,081 crore investment in Odisha across data, power, cement projects

The Adani Group pledged three large-scale infrastructure projects in Odisha, focusing on digital infrastructure, energy security, and manufacturing. Karan Adani, Managing Director of Adani Ports and Special Economic Zone, detailed...

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TCS set for modest Q4 growth as demand holds

Tata Consultancy Services is expected to post 0.8% to 1.5% sequential constant currency (CC) revenue growth in the March quarter, analysts said, driven by resilience in the BFSI vertical, and ramp-up in some previously signed deal...

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Nxtra fundraise sharpens Airtel’s pivot beyond telecom

Bharti Airtel’s $1 billion fundraise for its data centre arm Nxtra marks a sharper pivot towards a multi-engine growth strategy, with digital infrastructure emerging as a central pillar alongside its core telecom operations, analy...

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Adani gets relief in US SEC case, court permits company to seek dismissal

A US federal court has allowed the Adani Group to move ahead with its attempt to seek dismissal in a civil securities fraud case filed by the US Securities and Exchange Commission (SEC), the company said. According to a court ...

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Insolvency

IBBI bats for reforms under IBC to improve the outcomes for MSMEs

To strengthen the insolvency framework for medium, small and micro enterprises (MSMEs), a latest Insolvency and Bankruptcy Board of India (IBBI) study suggests that the government should permit clubbing of the claims by operationa...

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