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    India has enough fiscal space to push capex, support sectors impacted by West Asia crisis: FM
    Bihar govt aiming to attract Rs 50 lakh crore investments in 5 years: Minister
    2 LPG tankers sail through Strait of Hormuz, 16 still stranded
    CBI claims over Rs 73K crore bank 'fraud' in Anil Ambani Group probe; ED flags IBC irregularities
    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
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    SC does not interfere with order allowing Adani to acquire JAL, asks NCLAT to decide expeditiously
    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 prudence and capital expenditure strengthen India's room to support affected sectors and preserve macroeconomic stability.
Fiscal prudence has created room for the government to sustain capital expenditure, support sectors affected by the West Asia crisis, and permit further monetary easing if required. India's public finance framework is described as having shifted over the past decade from consumption-led deficits to productive investment-led consolidation, strengthening macroeconomic stability through efficient and transparent spending, comparatively low debt, strong foreign exchange reserves, and recent credit rating upgrades.
April 6, 2026
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Industrial development and credit support drive investment, entrepreneurship, and manufacturing growth across Bihar's priority sectors.
Industrial development is being prioritised through investment attraction, land allotment, project execution, and scheme-based financial support for startups, women-led ventures, micro-enterprises, and artisan sectors. The financing framework also includes efforts to increase bank lending, a committee to address credit concerns, higher lending through NABARD, and continued promotion of ethanol production and procurement alongside handloom, khadi, and handicraft initiatives.
April 6, 2026
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Strait of Hormuz transit remains open for Indian-flagged LPG tankers despite conflict disruptions
Indian-flagged LPG tankers continued to transit the Strait of Hormuz despite the West Asia conflict, with two additional vessels safely crossing and proceeding toward Indian ports while 16 other Indian-flagged vessels remained stranded in the Persian Gulf. Officials stated that maritime operations remained safe and uninterrupted, and that the vessels still in the region included LNG, LPG, crude, container, dredger, chemical, and bulk cargo ships. The report notes that no information was available regarding any fee for passage through the strait, and records that Iran has said non-hostile vessels may transit after coordination with Iranian authorities.
April 6, 2026
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Bank loan fraud and insolvency irregularities probe widens as agencies examine alleged collusion, NBFC funding, and discounted claims settlements.
Bank loan fraud allegations involving the Reliance Anil Ambani Group are under investigation by the CBI and the ED, with the CBI examining seven registered cases and the ED flagging a purported Project Help arrangement and possible insolvency irregularities. The agencies are pursuing connected cases involving financing through NBFCs, discounted settlement of claims, and the possible role of public servants, while being directed to coordinate, cooperate, and complete the inquiry in a fair, transparent, independent, and time-bound manner.
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
Show AI Summary
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.

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2 LPG tankers sail through Strait of Hormuz, 16 still stranded

April 6, 2026

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New Delhi, Apr 6 (PTI) Two more Indian-flagged LPG tankers have safely crossed the war-hit Strait of Hormuz and are headed for Indian ports even as 16 other vessels remain stranded in the Persian Gulf, officials said Monday.

LPG vessel Green Sanvi carrying 46,650 tonnes of LPG is scheduled to reach Indian port on April 7 while Green Asha with 15,500 tonnes of cargo is scheduled to touch Indian coast on April 9, said Mukesh Mangal, Additional Secretary in Ministry of Ports, Shipping & Waterways at a news briefing.

"Indian maritime operations remain safe and uninterrupted amid West Asia crisis. 16 Indian-flagged vessels with 433 seafarers are in the region; two LPG carriers, Green Sanvi and Green Asha, safely crossed Strait of Hormuz," he said.

With this, eight Indian-flagged LPG tankers have safely transited through the strategic waterway, which has remained effectively shut since the US and Israel launched attacks on Iran on February 28 and Tehran's sweeping retaliation.

Of the vessels still stuck in the Persian Gulf, one is of a loaded liquefied natural gas (LNG), two are LPG tankers (one loaded and one empty), six are crude carriers (five loaded, one empty), three are container ships, one is a dredger, one is carrying chemical cargo and two are bulk carriers, he said.

Asked about reports of Iran charging a fee for letting ships cross the strait, Mangal said, "we have no information of such payments." For a country that relies on imports from Gulf nations to meet as much as 60 per cent of its cooking gas needs, the arrivals will help ease the worst LPG shortage it is battling in decades. India consumed 33.15 million tonne of LPG last year, with imports accounting for about 60 per cent of demand. As much as 90 per cent of those imports came from West Asia.

The US-Israel attacks on Iran, and Tehran's sweeping retaliation have all but halted shipping through the strait - the narrow shipping lane that is the conduit for oil and gas exports from Gulf countries to the world. Iran has, however, stated that "non-hostile vessels" may transit the waterway after coordinating with Iranian authorities.

Last week, two LPG carriers, BW TYR and BW ELM, carrying combined LPG cargo of about 94,000 tonnes safely transited the region. While BW TYR reached Mumbai on March 31, BW ELM docked at New Mangalore on April 1.

Prior to that, four Indian-flagged LPG tankers had safely sailed through the strait. Pine Gas and Jag Vasant, carrying 92,612 tonnes of LPG, reached Indian ports between March 26 and March 28. MT Shivalik and MT Nanda Devi, carrying about 92,712 tonnes of LPG, had reached Mundra port in Gujarat on March 16 and Kandla port in the state on March 17.

Originally, there were 28 Indian-flagged vessels in the Strait of Hormuz when the war in West Asia broke. Of these, 24 were on the West side of the strait and four on the East side. Eight vessels from the west side and two from east have managed to sail to safety.

Besides the eight LPG tankers, the Indian-flagged oil tanker Jag Laadki, with 80,886 tonnes of crude oil from the UAE, reached Mundra on March 18.

Another tanker, Jag Prakash, carrying gasoline from Oman to Africa, had previously safely crossed the strait and is en route to Tanzania. PTI ANZ ANZ ANU ANU

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