Business

At the same time, the export duty on diesel has been cut to Rs 8.5 per litre from Rs 14 per litre, while the levy on ATF exports has been reduced to Rs 7.5 per litre from the current Rs 12.5 per litre. The ministry said the revised duties will remain effective for the fortnight

India’s economy shows resilience despite global turbulence, with an interim Iran-US peace deal potentially boosting supply chains and easing geopolitical pressures, according to the RBI’s Financial Stability Report. While macroeconomic fundamentals are strong, the nation remains vulnerable to imported energy price shocks. The report highlights sustained economic activity but warns of inflation risks from supply

The ministry has decided to leave the rates unchanged across all small savings schemes for the July-September quarter. Interest rates across these schemes have remained unchanged for a prolonged period.

Indian equity markets dipped Tuesday, with IT stocks leading the decline. However, electric vehicle companies surged following Delhi’s new EV policy, signaling a boost for clean mobility. While benchmarks faltered, mid- and small-cap segments showed resilience. Analysts suggest the market is in a consolidation phase, with positive long-term prospects for EV adoption despite broader caution.

India’s push for domestic chip manufacturing has received a significant boost with the Expenditure Finance Committee clearing a Rs 1.25 lakh crore outlay for India Semiconductor Mission 2.0. This ambitious plan, awaiting Union Cabinet approval, aims to bolster indigenous chip design, production, and the entire value chain, a substantial increase from the previous phase.

India’s crude oil imports are nearing pre-conflict levels, thanks to refiners diversifying away from traditional Gulf suppliers. Purchases from Russia, the US, and other regions have compensated for Middle East disruptions. Russia remains a favored source due to attractive pricing. While the Strait of Hormuz has reopened, Asian refiners are cautious about immediate increases in

The government has granted taxpayers an extra month to file appeals with the Goods and Services Tax Appellate Tribunal (GSTAT), extending the deadline to July 31, 2026. This decision follows concerns over technical issues on the GSTAT portal due to a recent surge in filings. The extension aims to ensure a smoother transition and prevent