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    Have fiscal space to support sectors affected by West Asia crisis: FM
    US markets are mixed, oil prices fall as Trump's deadline for Iran to open Strait of Hormuz looms
    LDF in 'secret deal' with BJP, compromised ideology to stay in power: Priyanka Gandhi
    Sensex jumps 787 points; Nifty nears 23k level on softening crude oil prices
    Launch of the first ever Annual Survey of Incorporated Services Sector Enterprises (ASISSE)
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    Cong concocted charges against my wife using false info from Pak social media group: Assam CM
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April 6, 2026
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Fiscal space supports targeted relief, capital spending, and potential rate cuts amid West Asia crisis pressure.
Fiscal prudence and debt management have created fiscal space to support sectors affected by the West Asia crisis, maintain the capital expenditure programme, and permit targeted relief measures in response to external volatility. The discussion also notes that the Reserve Bank has room to cut interest rates to address wider global challenges, with emphasis on maintaining policy flexibility, supporting affected sectors, and cushioning price pressures arising from the crisis.
April 6, 2026
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Strait of Hormuz supply risk keeps oil markets volatile as countries seek alternative energy routes.
Global oil markets remained volatile amid escalating military action involving Iran, Israel and the United States, with attention focused on the threatened reopening of the Strait of Hormuz and the wider disruption risk to energy supply routes. The shipping and trade implications of the Strait of Hormuz were highlighted as especially significant for countries dependent on imported energy, including Japan and South Korea, which were reported to be seeking reserve releases and alternative transport routes.
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
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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.

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LDF in 'secret deal' with BJP, compromised ideology to stay in power: Priyanka Gandhi

April 6, 2026

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Kannur (Kerala), Apr 6 (PTI) Congress leader Priyanka Gandhi Vadra on Monday alleged that the CPI(M)-led LDF has struck a "secret deal" with the BJP for the April 9 Assembly polls in Kerala.

She also accused both the state and the Centre of "suppressing dissent and targeting minorities".

Addressing a corner meeting at Peravoor in this northern district as part of the poll campaign, the Wayanad MP claimed that the LDF had aligned with the BJP despite the latter "harassing minorities", especially the Christian community and their nuns.

"And now that elections are coming closer, it's pretty obvious that there has been a secret deal between the LDF and the BJP," she alleged.

Citing an example, Vadra said Prime Minister Narendra Modi did not utter a word on the alleged "massive theft" at Sabarimala.

"When anyone raises a voice against the Prime Minister, they are faced with CBI, ED or Income Tax cases. There is no such single case against Kerala Chief Minister Pinarayi Vijayan," she claimed.

Vadra said the BJP-led Centre and the LDF government "oppress anyone who speaks against them or asks questions". It is not healthy for a democracy, she added.

Referring to the reported attacks on Catholic nuns from Kerala in Chhattisgarh, she alleged that minorities were being ill-treated under BJP rule.

Recalling her association with institutions like the Missionaries of Charity in New Delhi, she said the nuns there recently recounted to her the increasing pressure they are facing from authorities now-a-days.

"They are being constantly harassed by the Income Tax department. The Centre is trying to stop their work by any means," she alleged, describing the nuns as "brave and courageous women who choose the path of service".

"The LDF chose to make a deal with the BJP who harass them like this. Ideology has been compromised. Accountability has been compromised. Responsibility has been compromised. Everything has been compromised in the name of staying in power," she alleged.

The Congress leader further alleged that a sense of "arrogance" had crept into the LDF government, its ministers and leaders over the past 10 years.

"The sense of responsibility or accountability that every leader should have for the people is absent today. Not just ideology is absent," she said.

She also accused the Left government of "corruption" and favouring corporates.

"We all know how contracts are awarded in Kerala today. You have seen greed and corruption rule in the last 10 years," she said, alleging that the government had worked more for corporates than for the people.

Vadra questioned whether people's lives had improved under the Left rule and whether issues such as unemployment and price rise had been effectively addressed, adding that the government had become "an impediment" instead of a support system.

She also claimed that she had faced non-cooperation from the state government on several issues as an MP.

Calling for a change, she said the state needs "a government with a vision" and leadership that people can trust, while cautioning voters to remain alert when any political leadership tries to stay in power at any cost.

Describing Kerala as a "jewel" with immense resources, tourism potential and opportunities, she said its people were an "ideal for the rest of the country" and praised its long-standing secular fabric.

Referring to the UDF's poll promises, Vadra said the front had announced five guarantees and added that compensation in human-wildlife conflict cases would be increased by 50 per cent if it comes to power. Steps would also be taken to ensure that compensation is provided within seven days of an incident, she added. PTI LGK KH

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