April 12, 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

Wholesale rice prices up 7% as West Asia ceasefire fuels export rush

Rice prices in India increased up to 7% at the wholesale level in the past two days, after the US-Iran ceasefire triggered a rush of orders for exports to the Middle East and the US. The rebound follows an up to 6% fall in prices after the Iran war caused disruptions in maritime traffic. "The impact wil...

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Government plans weekly system to track EXIM trends

The government will create a monitoring mechanism to track export-import trends and sectoral stress weekly indicators amid concerns that supply chain disruptions, logistics constraints, and rising input costs due to the geopolitical tensions sparked by the Iran war could impact domestic industries. The com...

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India engages Bahrain, Gulf Cooperation Council on stability and supply chains; Piyush Goyal holds virtual talks

Union Commerce and Industry Minister Piyush Goyal held separate virtual meetings on Friday with Bahrain's Industry and Commerce Minister Abdulla Bin Adel Fakhro and Gulf Cooperation Council (GCC) Secretary General Jasem Mohamed Al Budaiwi, focusing on regional stability, supply chain resilience, and strengthe...

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Electric cooking boom to push peak demand; govt readies 10 GW buffer

A surge in induction cooktop adoption, triggered by LPG shortages and global energy disruptions, could add 13–27 GW to India’s peak power demand by FY27, forcing policymakers to recalibrate supply planning ahead of a record summer load. “…we are expective that the additional demand would be in the range of...

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Critical mineral processing policy in works; Chile copper, lithium in focus

India is in the advanced stages of framing a policy for processing critical minerals and has shortlisted two such minerals critical for electric vehicles, as it sharpens its strategy to secure supply chains amid surging global demand. Experts say lithium and cobalt, essential for EV batteries, are at the c...

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‘Nominal GDP may grow by 11.5% in FY27’: Mahendra Dev, Chairman of the Economic Advisory Council to the Prime Minister

Despite rising global uncertainties from the West Asia conflict, India’s economy remains resilient, supported by strong fundamentals, stable inflation, and domestic demand, said Mahendra Dev, Chairman of the Economic Advisory Council to the Prime Minister. While growth may moderate slightly and risks persist,...

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E-way bills hit record 140.6 million in March

E-way bill generation surged to a record 140.6 million in March, reflecting buoyant business activity and improved compliance under the Goods and Services Tax (GST) regime, according to data from the GST Network portal. The figure marks a 12.9% year-on-year increase. It surpassed the previous all-time high of...

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West Asia crisis slowing India growth: Crisil

Amidst the ongoing conflict in West Asia, rating agency Crisil on Friday said that India’s gross domestic product (GDP) expansion is expected to moderate to 6.8% in “alternative case” and the growth could slow further to 6.5% in a more prolonged conflict scenario. The rating agency said the ongoing disrupt...

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Centre offers pulses from buffer to states’ welfare schemes

To offload surplus stock in the buffer, the centre has urged states to source varieties of pulses – tur, chana, masur and moong – from it instead of buying them in the open market, for their welfare schemes. In a communication to states, the department of consumer affairs has stated “sourcing pulses from t...

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GLOBAL CORPORATE

EV demand is getting a boost from the Iran war — just as auto giants pivot back to combustion engines

The sprawling Middle East crisis is expected to spur drivers to abandon traditional internal combustion engine vehicles in favor of EVs, analysts told CNBC, although early evidence suggests this will be a gradual gearshift. The Iran war has severely disrupted oil exports through the strategically vital Str...

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Wall Street banks try out Anthropic’s Mythos as US urges

Anthropic has said that it has been in discussions prior to its recent release with US officials Wall Street banks are starting to test Anthropic PBC’s Mythos model internally as Trump administration officials encourage them to use it to detect vulnerabilities....

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Middle East conflict drains Singapore’s marine fuel supplies

The growing number of ships seeking refuge from war in the Middle East in the waters around Singapore is beginning to drain its marine fuel supplies, raising concerns about disruption to global shipping. Singapore is the world’s biggest refuelling port, a crucial hub where ships take on the petroleum-based...

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Japan Approves Additional $4 Billion for Chipmaker Rapidus

Japan's industry ministry said on Saturday it has approved an additional 631.5 billion yen ($3.96 billion) to accelerate research and development at chipmaker Rapidus. The support is part of the government's efforts to boost domestic production of advanced semiconductors and strengthen chip supply chains. ...

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Drugmaker Granules to tighten oversight after US FDA warning, executive says

Granules India is increasing oversight at its manufacturing facilities and digitising documents after the U.S. drug regulator flagged violations, including issues with record-keeping and contamination control practices, at its largest plant, a top executive said. The company, which is globally one of the l...

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US' Russian oil waiver set for an extension

US President Donald Trump's administration is likely to extend as soon as Friday a waiver allowing countries to buy some sanctioned Russian oil and petroleum products, two sources familiar with the matter said. Russia's presidential envoy Kirill Dmitriev had said the original waiver would free 100 million ...

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Canada announces plan to scrap Express Entry program; new high-skilled visa to be introduced

Canada’s Express Entry program may be phased out and replaced by a new immigrant program aimed at attracting talented foreign workers. Immigration, Refugees and Citizenship Canada’s (IRCC) Forward Regulatory Plan has proposed to introduce a new federal high-skilled immigration class with streamlined eligibili...

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INCOME TAX

2.22 lakh appeals disposed of during last fiscal: CBDT chairman

The Income Tax Department disposed of 2.22 lakh appeals during the last financial year, a nearly 29 per cent increase compared to the previous fiscal as part of its efforts to reduce disputes with taxpayers, according to official data. Officials told PTI that CBDT Chairman Ravi Agrawal wrote a fiscal-end l...

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New TDS TRACES 2.0 portal launched by Income Tax Department; know how it helps taxpayers & property buyers

Last week, the Income Tax Department rolled out a new TRACES (TDS Reconciliation Analysis and Correction Enabling System) 2.0 portal. This upgraded TRACES 2.0 portal is a digital platform designed to streamline TDS compliance in line with the Income Tax Act, 2025 which came into force from April 1, 2026....

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RBI

RBI's Utkarsh 2.0 places focus on better service

The Reserve Bank of India (RBI) has published a medium-term strategy framework called Utkarsh 2.0 to highlight multiple strategy pillars: Regulations, customer centricity, inclusive finance, competitive markets, effective technology, a future-ready organisation, and a global India focus. The RBI said the f...

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RBI proposes to include PSUs in upper-layer NBFCs

The Reserve Bank on Friday proposed changes in the criteria for identifying upper layer non-banking finance companies (NBFCs), pitching for an asset-size-based approach as against the earlier parametric system and inclusion of state-run entities. As per the draft 'Reserve Bank of India (Non-Banking Financi...

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GLOBAL ECONOMY

US CPI surges 0.9% in largest monthly jump since 2022 on skyrocketing gasoline prices

US inflation surged in March by the most in nearly four years as the war with Iran sent gasoline prices skyrocketing. The consumer price index rose 0.9% from February, according to data out Friday. From a year ago, it picked up...

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US inflation jumps to two-year high as Iran war ripples across economy

US inflation jumped to its highest level in two years in March driven by a historic surge in petrol prices, knocking consumer sentiment to record lows as the fallout from Donald Trump's war in Iran hits the world's top economy. S...

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IMF Retains Floor for Precautionary Balances at SDR 20 Billion

The International Monetary Fund said on Friday its executive board has agreed to retain the current floor for precautionary balances, which consist of general and special reserves, at 20 billion Special Drawing Rights, or nearly $...

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INDIAN CORPORATE

Vedanta signs MOUs for setting up downstream industries at its aluminium park

Vedanta Aluminium on Friday signed MoUs with two companies for setting up their manufacturing facilities in the upcoming Vedanta Aluminium Park in Odisha's Jharsuguda. The MoUs were signed by Singhal Steel & Power Pvt Ltd and S...

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Godrej Properties reports record Rs 34,171 crore booking in FY26, up 16% YoY

Indian real estate company, Godrej Properties, reported its highest-ever quarterly and annual bookings at Rs 34,171 crore, with its FY26 booking value rising by 16% YoY on strong sales with key contributions from major residential...

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‘We are rebuilding BHIM for meaningful growth, not market share chase’: Lalitha Nataraj, MD & CEO, of NPCI BHIM Services

BHIM is repositioning itself from a reference UPI app to a consumer-facing payments platform, with focus on product, partnerships and targeted use cases. Lalitha Nataraj, MD & CEO, of NPCI BHIM Services, explains the strategy to O...

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ICCPL Group eyes Rs 400-crore valuation by FY27 amid diversification push

ICCPL Group on Friday said it has set a target of achieving a valuation exceeding Rs 400 crore by FY 2027, driven by strong growth across its core PR & Communications business and strategic expansion into hospitality and real esta...

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Zepto nears final stages of SEBI’s in-principle nod for Rs 11,000 crore IPO

Quick commerce startup Zepto is nearing the final stages of receiving in-principle approval from the Securities and Exchange Board of India (SEBI) for its upcoming initial public offering, according to sources aware of the matter....

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Swiggy co-founder Nandan Reddy quits

Reddy is set to start his own venture and will spend more of his time building the new startup. He played a crucial role in setting up operations during Swiggy’s early days alongside co-founder and group CEO Sriharsha Majety. W...

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GST

Gujarat govt plans to deploy Al to detect ITC scams in GST

The state govt plans to create an Al defence as rising GST input tax credit (ITC) scams cost the state exchequer thousands of crores of rupees. The models based on Al and machine-learning (ML) will help the govt detect fraudulent entities and transactions. The commercial tax division of the state's finance d...

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Telangana’s GST revenue up 15% in last 3 months

Revenue from the Goods and Services Tax (GST) revenue in the Commercial Taxes Department in Telangana increased 15 percent over the past three months. Disclosing this at a meeting of a Cabinet Sub-Committee on revenue generation here on Friday, Deputy Chief Minister Bhatti Vikramarka Mallu said the Regist...

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Pre-deposit Percentage in the GST Portal

While filing an appeal in Form APL-01 on the GST portal, the pre-deposit percentage is auto-populated as 10% in accordance with Section 107(6) of the CGST Act, 2017, and was previously non-editable. Due to this restriction, taxpayers faced difficulties in cases where the pre-deposit had already been made thro...

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