Higher securities transaction tax (STT) on futures and options (F&O) will take effect with the start of the new fiscal year on April 1, 2026, which will alter the derivatives market in India. The Finance Minister announced the action in Budget 2026 with the intention of lowering speculative trading. The futures STT has been raised…
In an effort to reduce exports and prioritize domestic fuel supplies in the face of a severe global oil shock, the Center imposed an export tax of Rs 21.5 per litre on diesel and Rs 29.5 per litre on aviation turbine fuel (ATF). Every two weeks, the action will bring in almost Rs 1,500 crore…
On March 30, the rupee fell 0.3% to 95.2 per dollar, breaking the 95 per dollar level for the first time. The rupee lost 4.4% of its value in relation to the US dollar during the March quarter. The rupee closed at a record low of 94.83 per US dollar, down from 94.81 per US…
Because of rising tension in West Asia, Iran has taken an important decision. Instead of fully closing the Strait of Hormuz—one of the world’s most important sea routes—it has allowed ships from a few “friendly countries,” including India, to pass through. This route connects the Persian Gulf to the Gulf of Oman, and about 20%…
Due to the ongoing US-Israeli war on Iran and Tehran’s efforts to limit shipping via the Strait of Hormuz, the government has lowered the special supplementary excise charges on gasoline and diesel in the midst of the world oil crisis. The excise tax on petrol has been lowered from Rs 13 to Rs 3 per…
For the next five years, concluding on March 31, 2031, the Center announced the inflation target on Wednesday, maintaining it at 4% with a tolerance range of two percentage points on either side. This target band has successfully anchored inflation expectations between 2016 and 2026, according to evaluations of the framework. The administration maintained the…
On Wednesday, the major equity indices Sensex and Nifty continued their upward trend for a second day in a row, increasing by as much as 2%. A significant drop in crude oil prices and encouraging signals from Asian markets about expectations of a de-escalation in the war in West Asia bolstered the gains. The Sensex…
Even if the macroeconomic foundations of the Indian economy are still solid, rising crude oil prices in the midst of the ongoing crisis in the Middle East have put further pressure on the rupee, Minister of State for Finance Pankaj Chaudhary told parliament on Tuesday. Up until March 17, 2026, the Rupee (INR) had lost…
The Reserve Bank of India (RBI) stated on Monday that new US trade investigations and the military war in the Middle East, which was sparked by combined US and Israeli assaults on Iran, have raised volatility in international financial markets. In its State of the Economy report, the central bank stated that the global economic…
State governments’ capital expenditures from April to February indicate a varied but steadily improving investment cycle, with some large states continuing to invest in infrastructure while others falter due to budgetary constraints. In the first eleven months of 2025–2026, the total capital outlay by 18 main states increased 9.5% year over year to Rs 4.76…
