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April 6, 2026
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Electoral allegations over ideological compromise, minority targeting and tax pressure shape Kerala campaign criticism and poll promises.
Allegations were made that the CPI(M)-led LDF had entered into a secret deal with the BJP and compromised ideology, accountability and responsibility to remain in power. The speech also accused the governments of suppressing dissent, targeting minorities, pressuring Christian institutions through Income Tax scrutiny, and favouring corporates through corruption and contract awards. The UDF's poll promises included five guarantees and a proposed increase in human-wildlife conflict compensation, with payment within seven days.
April 6, 2026
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Equity markets rebound as softer crude prices, stronger rupee and banking-led buying lift benchmark indices.
Equity markets staged a broad-based rebound as softening crude oil prices, reports of ceasefire efforts in West Asia, and improved global risk sentiment supported benchmark indices. Strong buying in banking and IT stocks, together with a firmer rupee, helped offset early intraday weakness and profit booking, while sectoral gains were led by PSU banks, private banks, financial services, consumer durables, and utilities. Energy and oil & gas stocks lagged.
April 6, 2026
Show AI Summary
Incorporated services sector survey expands official data coverage through a user guide, clearer reporting, and transparent compliance support.
Launch of the first Annual Survey of Incorporated Services Sector Enterprises (ASISSE) establishes a nationwide statistical exercise covering incorporated services enterprises for the financial year 2024-25. The survey is intended to build a comprehensive database for the incorporated services sector and to generate operational and economic indicators relevant to evidence-based policymaking and economic analysis. An accompanying user guide explains the survey's objectives, coverage, concepts, definitions, reporting requirements, and respondent queries in a reader-friendly form.
April 6, 2026
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Digital public procurement platform GeM expands inclusive access with technology-driven transparency, efficiency and anomaly detection across government purchasing.
Government e Marketplace (GeM) has expanded as a digital public procurement platform with cumulative gross merchandise value reaching Rs.18.4 lakh crore and strong turnover in the financial year 2025-26, reflecting its role in enabling transparent, efficient and inclusive procurement across government entities. GeM has adopted an inclusive procurement framework to widen access for Micro and Small Enterprises, women-led enterprises, SC/ST enterprises and startups. Technology-driven tools using artificial intelligence, machine learning and advanced analytics support catalogue validation, anomaly detection, Bid Health Scores and monitoring of suspected collusion.
April 6, 2026
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Insolvency resolution plan stays subject to appellate review as the Supreme Court seeks an early NCLAT hearing.
In insolvency proceedings concerning Jaiprakash Associates Limited, the Supreme Court declined to stay implementation of the resolution plan approving the Adani Group's acquisition, while requiring that any major policy decision by the monitoring committee be taken only with prior leave of the National Company Law Appellate Tribunal. The Court requested the NCLAT to hear the competing appeals and counterclaims on an out-of-turn basis at the earliest, noting that the matter was already listed for final hearing and that the interests of the objecting bidder were sufficiently protected for the interim stage.
April 6, 2026
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Foreign exchange volatility curbed as RBI tightens bank exposure rules and supports rupee stability against the dollar.
Rupee appreciation against the US dollar followed Reserve Bank of India measures aimed at curbing speculative positions and reducing volatility in the foreign exchange market. The RBI tightened restrictions on banks' open foreign exchange exposures and onshore forward market activity, with traders describing the steps as supportive of the rupee. Market conditions nevertheless remained influenced by foreign capital outflows, a firm dollar, and crude oil prices amid geopolitical tension.
April 6, 2026
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Essential commodity price monitoring continues as officials report stable supplies and urge action against hoarding and black marketing.
Government monitoring of essential commodity prices remains continuous amid West Asia-related market concerns, with officials reporting no unusual volatility in wholesale or retail prices. The consumer affairs machinery is tracking daily rates of 40 commodities from 528 centres, maintaining a control room for coordination with states, and watching complaints through the National Consumer Helpline. States have been urged to act against hoarding and black marketing under the Essential Commodities Act, while the department continues efforts to safeguard food supply and market stability.
April 6, 2026
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Inflation targeting and cautious monetary policy shape RBI review amid crude oil shocks, currency weakness and geopolitical tensions.
The Reserve Bank of India's Monetary Policy Committee began its review amid expectations of an unchanged benchmark lending rate, as policymakers assess inflation risks from the West Asia crisis, volatile crude oil prices and currency weakness. The policy stance is expected to remain neutral, cautious and watchful, with liquidity conditions, transmission of past rate changes, financial market stability, capital flows and bond market dynamics also under consideration. The inflation-targeting framework continues to aim at 4% retail inflation with a 2% tolerance band on either side.
April 6, 2026
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Insolvency-linked acquisition bid stays on appellate track as the Supreme Court seeks expedited NCLAT decision.
The Supreme Court declined to interfere with the National Company Law Appellate Tribunal's order refusing to stay Adani Group's bid to acquire Jaiprakash Associates Ltd. It directed the NCLAT to decide the matter expeditiously, in relation to the insolvency-linked acquisition and interim relief sought in the appellate process.
April 6, 2026
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Insolvency resolution plan challenge continues as the appellate tribunal is directed to decide the JAL acquisition dispute expeditiously.
In the insolvency proceedings concerning Jaiprakash Associates Ltd., the Supreme Court declined to interfere with the appellate order that had refused to stay Adani Enterprises Ltd.'s resolution plan for acquisition of JAL. The Court directed the parties, including Vedanta Ltd. and the successful resolution applicant, to place their contentions and counterclaims before the National Company Law Appellate Tribunal, and asked the tribunal to decide the dispute expeditiously after taking up final hearing on the pending challenge to the acquisition plan.
April 6, 2026
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Fabricated passport allegations and shell company claims were said to rely on altered documents and false social media sources.
Allegations concerning the Assam chief minister's wife's passports, foreign properties and shell companies were described as fabricated and based on false information sourced from a Pakistani social media group. The chief minister asserted that Congress leaders circulated morphed or altered documents, including passport images and company records, to suggest ownership of assets in Dubai and links to companies in Wyoming, and said these materials contained internal anomalies such as mismatched numbers, inconsistent identity details and facial discrepancies.
April 6, 2026
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Rupee gains after tighter forex rules curb speculation and prompt banks to unwind dollar positions.
The rupee strengthened in early trade after the Reserve Bank of India tightened foreign exchange rules to curb speculative positions and cap banks' net open positions at USD 100 million. The reported movement reflected banks unwinding dollar positions ahead of the compliance deadline, while the measures were supporting the domestic currency in the short term. The currency remained under pressure from foreign capital outflows, a stronger dollar, higher crude oil prices, and broader geopolitical tensions.
April 6, 2026
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GST fraud racket exposed through fake firms, false invoices, and e-way bill manipulation linked to tax evasion.
Police in Meerut district unearthed a GST fraud racket involving fictitious firms, fake invoices, and wrongful accumulation of input tax credit. The gang allegedly used fake Aadhaar and PAN cards to set up companies, filed fraudulent GST returns, and manipulated e-way bills to evade tax and cause a revenue loss of about Rs 17 crore. One accused was arrested on the basis of a tip-off and technical evidence, and the investigation disclosed collusion with an accomplice and other persons involved in the racket.
April 6, 2026
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Geopolitical uncertainty lifts Asian shares as rising oil prices and Strait of Hormuz fears dominate markets.
Asian shares mostly rose as investors monitored rising oil prices and uncertainty surrounding the Iran war and the Strait of Hormuz. Japanese and South Korean benchmarks advanced, while crude prices climbed on fears that the conflict could prolong global supply risks. Market sentiment remained dominated by geopolitical uncertainty and expectations of further developments from the United States.
April 5, 2026
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Director disqualification breach and company control led to suspended prison sentences, fresh bans and confiscation proceedings.
Director disqualification was imposed after unchallenged findings that a company had wrongfully claimed funds from HM Revenue and Customs in connection with a tax fraud scheme. Despite the ban on running, managing, promoting or otherwise being involved in UK-registered companies, the director continued to control two pharmaceutical-related companies, and a spouse was found to have aided and abetted the breach while acting as the formal director of one company. The article also notes suspended prison sentences, fresh disqualifications and confiscation proceedings under the Proceeds of Crime Act 2002.
April 5, 2026
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Inflation risks from crude oil and currency volatility may keep the repo rate unchanged in the April review.
The Reserve Bank of India is expected to keep the benchmark repo rate unchanged in its April monetary policy review, with economists attributing the likely pause to rising inflation risks from geopolitical tensions in West Asia, firm crude oil prices, and sharp currency volatility. The expected policy approach is cautious and watchful, with the monetary policy stance likely to remain neutral amid uncertain global conditions and closer monitoring of inflation data before any further action. Economists also expect the review to focus more on inflation management, with possible upward revision of inflation projections if elevated crude prices persist.
April 5, 2026
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Refinery transfer pricing discount squeezes standalone refiners as fuel price freeze keeps retail rates unchanged.
State-run oil marketing companies have fixed discounted refinery transfer prices for petrol, diesel, aviation turbine fuel and kerosene in response to a freeze on retail fuel prices and rising global crude oil costs. The revised pricing reduces refinery receipts below import-parity-linked costs and is expected to affect standalone refiners more sharply than integrated oil companies, because the latter can partly offset losses across refining and marketing operations.
April 4, 2026
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Pharmaceutical exports continue steady growth as India targets wider markets, stronger regulation and long-term expansion.
India's pharmaceutical exports continued to grow, with exports up to February exceeding USD 28 billion and rising 5.6 per cent year-on-year, led by formulations, biologicals, vaccines and AYUSH products. Industry representatives said the sector is likely to end the financial year broadly in line with the previous year, despite global pricing pressure and trade volatility, while future growth is expected through policy prioritisation, market diversification, foreign direct investment and improved regulatory efficiency.
April 4, 2026
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Supply chain disruption from West Asia crisis threatens Indian exports, imports, and pharma inputs as government diversifies sourcing.
The West Asia crisis is disrupting Indian imports and exports, with energy and regional trade flows under pressure. A prolonged conflict could also affect exports to other regions by altering supply chains and value chains, while the government seeks to minimise disruption and diversify imports. The pharma sector is facing impact from shortages of intermediates and solvents, and supply chain resilience is being prioritised.
April 4, 2026
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Maritime supply continuity keeps LPG inflows moving despite Strait of Hormuz disruption and regional shipping tensions.
Continued LPG inflows to India are reported despite disruption in the Strait of Hormuz, with an Indian-flagged tanker safely transiting the waterway and an Iranian LPG cargo reaching Mangalore for discharge. Maritime authorities are monitoring vessel movements, port operations and crew safety, while coordinating with ship owners, Indian missions and the Directorate General of Shipping. Several Indian-flagged vessels remain stranded on the western side of the strait, though seafarers are safe and port operations across India remain normal.

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Excise duty cut on petrol, diesel with eye on elections in four states: TMC member Saket Gokhale

March 27, 2026

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New Delhi, Mar 27 (PTI) The excise duty cut on petrol and diesel has been done with an eye on the upcoming assembly elections in four states and not because the government cared for consumers, TMC Rajya Sabha member Saket Gokhale.

Participating in a discussion on the Finance Bill 2026 in the Upper House, Gokhale demanded an assurance from Finance Minister Nirmala Sitharaman that fuel prices will not be increased after April 29, when voting is completed in four states -- Assam, West Bengal, Tamil Nadu, and Kerala.

After the excise cut was announced, he said ministers of the government have been saying "since morning how the Modi government is taking a hit at its own resources, to its own revenues, instead of increasing petrol and diesel prices".

"This is happening because four major states are going to elections. The only reason that this excise duty cut has been done today is because this government cannot, absolutely cannot, raise fuel prices when four major states are going into elections," Gokhale asserted.

If the government really cared for the welfare of people so much and did not want to burden them with high prices, he asked why the benefit of buying discounted crude from Russia in the last four years was not passed on to consumers.

"For the last four years the government was purchasing crude oil at extremely discounted prices, below USD 60 per barrel. We were purchasing discounted crude from Russia. In these four years, (out of) this benefit... not a single rupee was passed on to consumers at petrol and diesel pumps," Gokhale noted.

The TMC member asked if the finance minister will "give a commitment on the floor of this House that after April 29 when the voting is completed in all the four states, the government will promise that it will not increase the petrol and diesel prices at fuel pumps even by one rupee?" He further said, "That is the commitment that the finance minister should give today, that this excise duty is permanent. We are not going to raise prices after April 29." Gokhale alleged that "the government does not think about people, they only think about elections." Sanjay Seth of BJP, however, said the war in West Asia has spiked crude oil price and most countries in the world have hiked their domestic oil prices.

"But the government cut excise duty instead of passing the burden on common people... this shows how Prime Minister Narendra Modi is concerned about the common people," he asserted.

Taking part in the discussion, Shaktisinh Gohil of Congress said the Budget did not have anything for the poor and the middle class, while the benefits have only been provided to the rich and big corporate houses.

While flagging lack of steps to tackle high unemployment among the youth, he also lashed out at the government for removing import duty on items like soya bean and said the interest of Indian farmers has been compromised.

How will Indian farmers compete with those in the US who have large land parcels using modern machinery and are subsidised by the government there, Gohil asked.

He also questioned the rationale behind making zero import duty on critical minerals saying no foreign player will be willing to make large investments for exploration in the sector in India.

P Wilson of DMK in his remarks said the NDA government came to power promising 'Sabka Saath Sabka Vikas' but "what we have today (is) a regime 'Sabka Bojh Sirf Unka Vikas', which means burden on many and benefits for the chosen few." In the Budget, welfare expenditure has been slashed, gender budget has been cut and schemes that sustain the poor have been shortchanged, he added.

The members of the House also raised issues related to GST and defence budget allocation.

Ashok Kumar Mittal of AAP said on GST that while the government claimed ease of doing business has improved, the ground reality is different. It has become "ease of doing harassment and a mode of tax terrorism", he alleged.

"In 2024, 40,000 MSMEs and 10,000 startups were forced to shut," Mittal said, observing that first, the tax liability of a business is calculated, followed by raid on a shopkeeper and officials have the power of immediate arrest.

He also called for effective utilisation of public money, saying Rs 48,000 crore was allocated for Smart City Yojana but "we don't know of a single smart city".

He also alleged cost overruns and missed deadliness on the Ahmedabad-Mumbai bullet train project.

S Niranjan Reddy of YSRCP urged the government to "please do something out of the box for ensuring that the defence Budget and the defence allocation goes up".

He called for improvement in judicial infrastructure and justice delivery mechanism.

Pointing at several capacity constraints, Reddy highlighted the huge pendency of cases in various courts, saying the pendency is affecting justice delivery mechanism.

Suggesting a faster adoption away from oil and gas, he called for removal of GST on electric vehicles.

He also urged the government to consider increasing the speed of privatisation of PSUs.

Manas Ranjan Mangaraj of the BJD pointed to a "pattern of systematic neglect of Odisha", saying the state is not asking for charity but for its rightful share.

He also demanded fiscal incentives and a fair share of mineral royalties for the state, saying on Odisha tourism has immense untapped potential. PTI RKL RSN TRB

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