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Erode (Tamil Nadu), Apr 2 (PTI) DMK President, Chief Minister M K Stalin, on Thursday, alleged that the NDA's betrayals include 'strangling' the MSMEs during the ongoing West Asia crisis. Addressing an election rally here, Stalin alleged AIADMK chief Edappadi K Palaniswami had no achievements to claim for his government during 2017-21; neither does PM Modi, who comes on "election tours" to Tamil Nadu. Ridiculing the slow pace of work to build Madurai AIIMS, as that project was announced by the ...Read More >
New Delhi: The Centre has decided to provide full customs duty exemption on critical petrochemical products for three months due to the ongoing West Asia crisis, providing the much-needed "temporary and targeted relief" to the industry. Addressing the Inter Ministerial Briefing on Recent Developments in West Asia, Sanjay Mangal, member CBIC said the move has been taken to provide continuous availability of critical petrochemical inputs for domestic industry, reduce cost pressures on downstream ...Read More >
As the West Asia war entered its fifth week, the government on Wednesday implemented concessions for Special Economic Zones (SEZs) announced during the Union Budget 2026-27. SEZ manufacturers have been facing pressures amid global geopolitical tensions and the US tariff impact from last year. This "one-time concession" will remain in place from April 1, 2026, to March 31, 2027, the government said. ".. to address the concerns faced by the manufacturing units in the SEZs due to ongoing global tr ...Read More >
New Delhi: The government has marginally exceeded its indirect tax collection target for 2025-26, buoyed by steady inflows from customs, excise and GST, even as collections from a key cess on pan masala fell short of expectations, an official said on Thursday. As per Revised Estimates (RE), total indirect tax collections -- comprising customs duty, excise duty and Central Goods and Services Tax (CGST) -- were pegged at over Rs 15.52 lakh crore for FY26. This included Rs 2.58 lakh crore from cus ...Read More >
These restrictions will operate irrespective of any prior contract, irrevocable letter of credit, advance payment, shipment status, or any other commitment, the Directorate General of Foreign Trade (DGFT) said in a notification. The government on Wednesday announced curbs on imports of gold, platinum and silver jewellery with immediate effect, a move aimed at checking misuse of free trade agreements (FTAs). These restrictions will operate irrespective of any prior contract, irrevocable letter ...Read More >
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. XRP began April sitting above the key support level at about $1.30, yet the token remains well below where it opened the year. Historically, however, April has been one of altcoin's strongest months, and a mix of on-chain data and a potentially decisive legislative event this month could result in a new turnaround. Market analyst Sam Daodu laid out the historical performance in a ...Read More >
New Delhi [India], April 2 (ANI): Congress Member of Parliament Manish Tewari on Thursday questioned the long-term effectiveness of the Government's decision to slash excise and customs duties, calling it a 'band-aid approach' for a much larger global energy crisis. Tewari, while speaking to the reporters, said, "... One can only manage a contingency by reducing excise and customs duty. The main point is up to what extent this band-aid approach would work, if we do not get sufficient crude oil ...Read More >
NEW DELHI, April 2 (Xinhua) -- The Indian government on Thursday announced full customs duty exemption on a range of critical petrochemical products to ensure supply stability and shield the domestic industry and consumers from the impact of disruptions caused by the ongoing conflict in the Middle East. The exemption, which covers 40 key products, including anhydrous ammonia, methanol, toluene, styrene, vinyl chloride monomer and polybutadiene, will remain in force until June 30. According to ...Read More >
NEW DELHI - India has abolished import tax on petrochemicals used for making plastics and pharmaceutical goods after the government invoked emergency powers and diverted local chemicals for production of cooking gas due to shortages caused by the Iran war. The import tax exemption on 40 products is valid till June 30, according to a government statement on April 2. "The government's decision to grant customs duty exemption on select petrochemical products appears aimed at easing cost pressures ...Read More >
NEW DELHI, April 2 (Reuters) - India has abolished import tax on petrochemicals used for making plastics and pharmaceutical goods after the government invoked emergency powers and diverted local chemicals for production of cooking gas due to shortages caused by the Iran war. The import tax exemption, opens new tab on 40 products is valid till June 30, according to a government statement on Thursday. "The government's decision to grant customs duty exemption on select petrochemical products ap ...Read More >
The government on Thursday (April 2, 2026) exempted import of critical petrochemical products from customs duty to ensure supply stability and provide relief to consumers of final products amid the crisis in West Asia. The duty exemption, which is valid till June 30, will benefit sectors dependent on petrochemical feedstock and intermediates such as plastics, packaging, textiles, pharmaceuticals, chemicals, automotive components and other manufacturing segments. On global tensions and India's ...Read More >
New Delhi: The Centre has exempted 40 critical petrochemical feedstocks and intermediates from customs duties until June end to shield domestic industries from supply issues caused by the Iran war, the Finance Ministry announced on Thursday. This includes vital inputs such as ammonia, which plays a key role in fertilizer production and supports India's food security needs. The ministry described the action as a "targeted relief" aimed at guaranteeing the steady flow of essential petrochemicals ...Read More >
NEW DELHI: The government on Thursday exempted import of critical petrochemical products from customs duty to ensure supply stability and provide relief to consumers of final products amid the crisis in West Asia. The duty exemption, which is valid till June 30, will benefit sectors dependent on petrochemical feedstock and intermediates such as plastics, packaging, textiles, pharmaceuticals, chemicals, automotive components and other manufacturing segments. In a statement, the finance ministry ...Read More >
In the fiscal year 2025-26 that ended on Tuesday, the state government's own internal resources through revenue collection from major departments looked positive with an estimated collection of ₹56,000 crore as against the target of ₹59,520 crore for the current FY, officials in the state finance department said. The highest collection is from commercial taxes department, which has achieved a growth of 9.20% in state GST collection in FY 25-26 from last year FY 24-25. The total revenue colle ...Read More >
Will the RBI hike rate as crude crosses $100 and the rupee weakens -- or hold steady to protect growth? The Reserve Bank of India will hold its first monetary policy meeting of FY27 from April 6 to April 8. The meeting comes at a time when India is grappling with global uncertainties, including escalation in tension in the Middle East, crude prices surging and the rupee at all-time low. Crude prices above $100 per barrel have led to a sharp spike in LPG prices. Supply disruptions in the Strait ...Read More >
New Delhi: Amid the West Asia conflict, the Government of India exempted customs duty on key petrochemical products till June 30, 2026, Finance Ministry said on Thursday. Import duty was cut to benefit including plastics, packaging, textiles, pharmaceuticals, chemicals, automotive components and other manufacturing segments and also provide relief to the end users, i.e, the consumers, the ministry said. The government took the decision to remove customs duty on critical petrochemical products ...Read More >
New Delhi, Apr 2 (PTI) The government on Thursday exempted import of critical petrochemical products from customs duty to ensure supply stability and provide relief to consumers of final products amid the crisis in West Asia. The duty exemption, which is valid till June 30, will benefit sectors dependent on petrochemical feedstock and intermediates such as plastics, packaging, textiles, pharmaceuticals, chemicals, automotive components and other manufacturing segments. In a statement, the fina ...Read More >
New Delhi: Delhi power minister Ashish Sood on Monday indicated that the government was examining ways to avoid residents having to pay higher electricity bills even as the Delhi Electricity Regulatory Commission (DERC) continued deliberations to finalise a plan for liquidating regulatory asset dues totalling over ₹38,000 crore, following directions from the Supreme Court. "The Delhi government will not allow the burden of increased power tariffs to fall on customers," Sood said. Officials, on ...Read More >
NEW DELHI: Goods and services tax (GST) collections rose 8.8% in March to cross the Rs 2 lakh crore mark for the first time since rates were lowered in Sept.Latest data showed that collections from domestic sources, based on transactions in Feb, went up nearly 6% to Rs 1,46,202 crore. The kitty based on imports expanded nearly 18% to Rs 53,861 crore, pointing to the impact of higher gold and silver imports, amid hardening of global oil prices towards the end of Feb when tension in West Asia was ...Read More >
NEW DELHI: As a one-time relief for SEZ (Special Economic Zone) units, govt has allowed them to sell up to 30% of their turnover in the domestic tariff area, or the Indian market, by paying concessional duty.A minimum 20% value addition within the SEZ has been prescribed for units to get the concession that is available during the current financial year. A list of sectors has also been notified, covering major sectors and keeping sensitive sectors out."The measure is expected to benefit around 1 ...Read More >
Arvind Rao, Senior Director & Head-Credit Policy Group at India Ratings and Research, adds that the strength built over the past few years continues to provide a buffer, especially for higher-rated companies. However, the impact is expected to be uneven, with mid-tier credits and sectors dependent on energy inputs more vulnerable.After a long stretch of upgrades, India's corporate credit story may be starting to turn. Rating agencies say the momentum is still holding for now, but early signs sug ...Read More >
India's gross Goods and Services Tax (GST) collections rose to a 10-month high of INR 2 lakh crore in March, up 8.8 per cent from a year-ago, the third highest monthly collection in the 2025-26 fiscal, buoyed by mop-ups from imports as well as domestic sales and purchases, according to official data. Gross domestic revenues rose 5.9 per cent to over INR 1.46 lakh crore, while those from imports grew 17.8 per cent to INR 53,861 crore during the month. The gross GST mop-up was INR 1.83 lakh cror ...Read More >
Mumbai, April 1: US tariff orders are likely to moderate India Inc's credit profiles in the second half of FY26, and the West Asia conflict, especially its duration, will play a crucial role in determining how it pans out in the future, rating agencies said on Wednesday. Crisil Ratings, which rates over 7,300 entities, conducted a stress test on the likely impact of the West Asia crisis on Indian companies, which revealed that 23 of the 30 sectors with exposure to the Gulf region will be resili ...Read More >
Hyderabad: Telangana is way behind other southern states in adopting renewable energy, ranks last in capacity addition over the past five years.According to data from the ministry of new and renewable energy tabled in the Rajya Sabha, the state added only 1,200 megawatt (MW) of renewable energy, , including solar, wind and biomass, between 2020-21 and 2024-25. This is significantly lower compared with Andhra Pradesh, Kerala, Tamil Nadu and Karnataka.The pace of addition has also slowed sharply. ...Read More >
The U.S. has reiterated that India maintains "high" import duties on a range of goods, including agricultural products, pharmaceuticals and alcoholic beverages, along with various non-tariff barriers. India has always maintained that its duties are in compliance with the rules of the World Trade Organisation (WTO). According to the U.S. Trade Representative's 2026 National Trade Estimate (NTE) Report on foreign trade barriers, released on March 31, given the large disparity between WTO bound a ...Read More >
Mumbai: To cushion exporters from the ongoing disruptions caused by the West Asia crisis, the RBI on Tuesday extended the enhanced export credit period of 450 days for pre- and post-shipment finance to June 30, 2026, from the earlier March deadline. The relaxation on realising and repatriating full export value from nine to 15 months will also remain in force, said the central bank. These measures, effective immediately, apply to all regulated entities involved in export financing, aiming to ea ...Read More >
New Delhi: In a relief to exporters, India has announced a one-time relief measure for units in special economic zones (SEZ), allowing them to sell goods in domestic markets at a lower customs duty for one year, and extended fiscal benefits under the Remission of Duties and Taxes on Exported Products (RoDTEP) by six months, until September 30, amid the conflict in West Asia. The government is working on a broader framework on harmonisation of various export promotion schemes with a key focus on ...Read More >
New Delhi: The US has listed India's preference for use of domestic satellites for direct-to-home (DTH) television services, the inability of American electronic payment services suppliers to participate in the UPI ecosystem, localised shutdown of internet and data localisation requirements as barriers to foreign trade. In its 2026 National Trade Estimate Report on Foreign Trade Barriers, the US Trade Representative (USTR) also cited high tariffs, particularly on agriculture products, surcharge ...Read More >
New Delhi: India's goods and services tax (GST) collections closed on a firm footing in the just-ended fiscal year, with March collections crossing ₹2 lakh crore mark for the third time, signalling resilient consumption despite significant cut in rates during the year. Experts however took a cautious stance for the coming months amid the global turmoil caused by the Iran war. Gross collections for March grew 8.8% from a year ago, reaching a 10-month high. This was led primarily by robust impor ...Read More >
COIMBATORE: Revised charges at 66 toll plazas on national highways in the state, including Kaniyur toll gate in Coimbatore district, came into effect on Wednesday. As part of the annual revision of tariffs based on the wholesale price index (WPI), the existing charges have been raised from 5% to 7% by the National Highways Authority of India (NHAI). The monthly pass will go up from Rs 300 to Rs 350, while the annual pass for private vehicles will be revised from Rs 3,000 to Rs 3,075, valid up to ...Read More >
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