Business

Indian banks face widespread closures this week due to festivals and annual account settlements. Several states will see branches shut on March 31 for Mahavir Jayanti. April 1 sees a nationwide closure for accounting, with exceptions. Further closures are scheduled for April 2 and 3 for Maundy Thursday and Good Friday respectively.

India’s economy shows strength with robust domestic demand and positive high-frequency indicators. Auto sales and credit growth are up. GST collections remain steady. Manufacturing activity is improving. Labour markets are showing signs of strengthening. Corporate revenues are holding up. Financial flows are supportive. However, Middle East tensions create global uncertainty and a risk of stagflation.

The Lok Sabha has approved the Insolvency and Bankruptcy Code (Amendment) Bill, 2025, a move lauded by Finance Minister Nirmala Sitharaman for revitalizing India’s banking sector. The amendments aim to expedite case admissions and curb system misuse, building on the IBC’s success in resolving over half of stressed assets and improving corporate governance for rescued

The Middle East conflict’s global impact is escalating, disrupting supply chains and raising costs worldwide. From Australian farmers facing fertilizer shortages to South Koreans cutting shower times, nations are implementing energy-saving measures. This crisis, fueled by disruptions in vital shipping routes like the Strait of Hormuz, is reshaping daily lives and economies across continents, forcing

Liquefied petroleum gas is extensively used across industries such as automobiles and electronics, particularly in processes like brazing and paint shop operations, as well as in segments like food processing.

For salaried individuals, this transition marks more than just a procedural change. It signals quite a shift in how income is reported, assessed, and taxed. The reforms seek to simplify compliance, reduce ambiguity, and align India’s tax administration with global best practices.

Last week, the government announced a big excise duty cut on petrol and diesel prices, in effect cushioning consumers from a hike, while also reducing the blow for oil marketing companies.