March 31, 2026

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4
Apr

ECAMEX26

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CUSTOMS

30
Mar

Circular No. 15/2026 (Delhi)
International Tran shipment of FCULCL cargo from all Ports/Airports, in view of disruption in maritime routes due to closure of the Strait of Hormuz Section 143AA of the Customs Act, 1962- reg.

30
Mar

Circular No 14/2026 (Delhi)
Clarification regarding validity period for self-sealing permission to exporters under Circular No. 26/2017-Customs and Circular No.36/2017-Customs.

INCOME TAX

31
Mar

ITR filing 2026: Government releases ITR forms for AY 2026-27; check details of ITR-U and ITR-V (Delhi)
The Income Tax (1-T) Department has notified new Income Tax Return (ITR) forms along with the updated ITR-U (updated ITR) form and the ITR-V (ITR verification) form for the assessment year 2026-27.

RBI

30
Mar

RBI/2025-26/252 (Delhi)
NOP-INR position of Authorised Dealers

30
Mar

RBI/2025-26/251 (Delhi)
Implementation of Section 51A of UAPA, 1967: Updates to UNSC’s 1267/ 1989 ISIL (Da'esh) & Al-Qaida Sanctions List: Listing of 02 Entries

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INDIAN ECONOMY

India diversifies fertiliser sourcing amid strait of Hormuz disruption; govt assures adequate stocks for Kharif

After the supply of fertiliser was impacted in the country due to the choking of the Strait of Hormuz, the government on Monday said it is diversifying its sourcing base beyond the Gulf countries. Aparna S Sharma, joint secretary, Department of Fertilisers, said that fertiliser is being sourced from other ...

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Iran war shock: Middle East conflict could cut 1 ppt from India’s FY27 GDP outlook

India's real GDP growth for the next fiscal could erode by around 1 percentage point, while retail inflation could rise by about 1.5 percentage points from their baseline estimates if the Middle East conflict persists through the next fiscal, an EY report said. The EY Economy Watch report said that several...

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IIP growth accelerates to 5.2% in Feb

India’s factory output growth accelerated to 5.2% year-on-year (Y-o-Y) in February from an upward revision of 5.1% in January, primarily driven by 6% growth in manufacturing sector and also aided by a favourable base, according to data released by Ministry of Statistics and Programme Implementation (MoSPI) on...

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Centre’s fiscal deficit at 80.4% of FY26 target in April-Feb

The Centre’s fiscal deficit stood at 80.4% of the annual target (Revised Estimates for FY26) during April-February period, compared to 85.8% of the respective target a year ago, according to the government data released on Monday. The fiscal deficit in April-February of FY26 stood at Rs 12.52 lakh crore co...

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Agri-credit flow set to exceed a record Rs 32.5 lakh crore in FY26: Nabard

Credit to the agriculture sector from commercial banks and regional rural banks is set to cross a record Rs 32.5 lakh crore in FY26, driven by greater formalisation of rural lending and rising credit demand, Shaji KV, Chairman, Nabard, said “The credit flow is robust, we will cross Rs 32.5 lakh crore in th...

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MARKET & FINANCE

India’s soaring oil bill shows limits of RBI’s rupee defense

India’s heavy reliance on oil imports is straining the country’s current account deficit as the Iran war drags on, making it difficult for the central bank to steady the rupee despite the aggressive measures it’s taken so far to halt the slide. The Reserve Bank of India took a dramatic step late last week ...

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INCOME TAX

All banking companies to deduct TDS on interest income beyond Rs 50,000 a year

The income tax department on Monday said "banking company" governed by the provisions of the Banking Regulation Act, 1949, will deduct TDS on interest income beyond the prescribed threshold. Under the Income Tax law, the tax is to be deducted at source if the interest income from bank/post office deposits ...

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ITR filing 2026: Government releases ITR forms for AY 2026-27; check details of ITR-U and ITR-V

The Income Tax (1-T) Department has notified new Income Tax Return (ITR) forms along with the updated ITR-U (updated ITR) form and the ITR-V (ITR verification) form for the assessment year 2026-27. The ITR-V form will come into effect on March 31, 2026, and will apply in respect of returns filed for the As...

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I am an OCI cardholder, will I need to pay tax on inherited assets in India?

These are a set of queries raised by ET Wealth readers, which have been answered by our panel of experts. I am a German citizen, and have an OCI card. How will inheritance of assets located in India be taxed for me Is the inheritance itself taxable in India, or only the income generated from the inherited ...

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Banking

Banks' gold loan portfolio surged 128% in Feb

Loans against gold jewellery surged 128 per cent year-on-year (Y-o-Y) to nearly Rs 4.28 trillion in February 2026, latest Reserve Bank of India (RBI) data shows. This compares with slightly over 103 per cent growth in the segment during the same period last year, when the outstanding portfolio stood at Rs ...

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IBC helped banks recover 52% bad loans: Nirmala Sitharaman

Finance and corporate affairs minister Nirmala Sitharaman on Monday said the decade-old insolvency law has been instrumental in improving the health of the country's banking sector by rescuing stressed firms and ensuring recovery of bad loans, as the Lok Sabha passed a bill to amend the legislation. Replyi...

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Credit growth at 13.9% y-o-y; deposit growth dips to 10.8% as on mid-March

The annual credit growth of scheduled commercial banks stood at 13.9%, from 14.5% as of February-end, Reserve Bank of India (RBI) data released on Monday showed. The total bank credit as of March 15 stood at Rs 207.69 lakh crore, up merely 0.1% from a fortnight ago. The growth in deposits dipped to 10.8% ...

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Banks tighten norms as war puts small borrowers under stress

The West Asia conflict, now stretching beyond a month, has begun to worry banks about the vulnerability of small borrowers, particularly SMEs and MSMEs. Banks have shifted to a more structured and cautious lending mode as early signs of stress among small borrowers intensify, prompting lenders to reassess the...

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RBI relief for banks: Defers implementation of capital market exposure rules to July

The Reserve Bank of India (RBI) deferred the implementation of the amendment directions on capital market exposures of banks by three months to July 1, 2026. The lender of last resort said, in a press release, that it received representations from various industry associations to extend new directions. RB...

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GLOBAL ECONOMY

Iran War 'Shock' Is Dimming Outlook for Many Economies, IMF Says

The war in the Middle East has caused serious disruption to the economies of frontline countries, and is dimming the outlook for many economies that had just started to recover from previous crises, the International Monetary Fund...

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AfDB Says Africa's Growth Risks Were Tilted to Downside Even Before Iran Conflict

The shock of the Middle Eastern conflict to the African economy could be modest, the African Development Bank said on Monday, although it worsens an outlook already weakened by debt burdens, shrinking aid and global instability. ...

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Japan February Factory Output Falls 2.1% Month-On-Month

Japan's factory output was down 2.1% in February from the previous month, matching the median market forecast, government data showed on Tuesday. Manufacturers surveyed by the Ministry of Economy, Trade and Industry expect seas...

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Malaysian Central Bank Lifts 2026 Growth Forecast Slightly, Flags Risks From Prolonged Iran War

Malaysia's economy is on track to grow faster in 2026 than initially projected, the central bank said on Tuesday, despite trade disruptions and higher fuel prices caused by the conflict in the Middle East and U.S. tariffs. Bank...

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South Korea Proposes $17.3 Billion Extra Budget to Mitigate Middle East Shock

South Korea proposed a supplementary government budget of $17.3 billion on Tuesday to support consumers and companies hit by the war in the Middle East. A surge in oil prices sparked by the U.S.-Israeli war on Iran has raised g...

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China Must Balance Rising Inflation With Growth Risks, Central Bank Adviser Says

Imported inflation stemming from the Middle East conflict will put pressure on China's economy, requiring policymakers to juggle rising inflation alongside slowing growth, a Chinese central bank adviser said on Tuesday. While c...

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UK Economy Limped Into the End of Last Year Before Iran War

Britain's economy barely expanded at the end of 2025, official data confirmed on Tuesday, adding to the challenge for the government to keep growth on track this year with the Iran war likely to push up inflation and hit demand. ...

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French Preliminary Inflation at 1.9% in March, in Line With Forecasts

French consumer prices rose as expected in March, preliminary data from statistics agency INSEE showed on Tuesday. France's harmonized inflation rate, adjusted for comparison with other euro zone countries, was 1.9% year-on-yea...

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UK Grocery Inflation Sticks at 4.3% in March, Says Worldpanel

UK grocery inflation held at 4.3% in the four weeks to March 22, researcher Worldpanel by Numerator reported on Tuesday, maintaining pressure on consumers ahead of an expected further rise in food prices due to the Iran war. Th...

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German Unemployment Remains Unchanged in March

The number of unemployed people in Germany remained unchanged in March, labour office figures showed on Tuesday. In seasonally adjusted terms, the jobless figure remained the same as in February at 2.977 million. Analysts and e...

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Global shocks, $140-billion fuel bill push electrification pivot

An annual $140-billion oil & gas import bill, power demand projecting to grow 6.4% annually, and back-to-back global disruptions – from Russian oil to the Iran war – exposing vulnerabilities, electrification is emerging as a centr...

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INDIAN CORPORATE

JSW Steel: Japan’s JFE Steel Corporation invests Rs 7,875 crore for 25% stake in Kalinga Steel

JSW Steel share price is steady in trade today afterJapan’s JFE Steel Corporation invested Rs 7,875 crore to acquire a 25% stake in JSW Kalinga Steel, marking the first tranche of its investment under the joint venture agreement. ...

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Patanjali’s health insurance foray in limbo amid Irdai nod delay

Patanjali’s Ayurved’s foray into the health insurance segment remains uncertain, with Irdai yet to approve its proposed acquisition of Magma General Insurance even a year after the deal was announced. Sources attribute the dela...

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Airtel’s Nxtra raises $1 billion investment led by Alpha Wave Global, Carlyle Group

Bharti Airtel‘s data center arm, Nxtra has raised $1 billion, led by Alpha Wave Global along with existing investor Carlyle and Anchorage Capital, Airtel said in a regulatory filing. Alpha Wave will invest $435 million, Carlyle...

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NTPC Green Energy inks green ammonia deal with Solar Energy Corporation; crosses 10 GW capacity milestone

NTPC Renewable Energy (NTPC REL), a wholly owned subsidiary of NTPC Green Energy (NGEL), has signed a Green Ammonia Purchase Agreement (GAPA) with Solar Energy Corporation of India (SECI). The agreement is for the supply of gre...

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Insolvency

Insolvency Bill Explained – New rules introduced to promote investor confidence

The Lok Sabha on Monday approved a clutch of amendments to the Insolvency and Bankruptcy code (IBC) that will significantly reduce resolution timelines, and pave the way for structural reforms in the decade-old law. The IBC (Am...

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