April 08, 2026

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CUSTOMS

7
Apr

Notification No. 35/2026 (Delhi)
S.O. … (E).– In exercise of the powers conferred by sub-section (2) of section 14 of the Customs Act, 1962

INCOME TAX

7
Apr

Notification No. 40/2026 (Delhi)
S.O. 1657(E).— In exercise of the powers conferred by clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961

7
Apr

Notification No. 43/2026 (Delhi)
S.O. 1659(E).— In exercise of the powers conferred by clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961

7
Apr

Notification No. 41/2026 (Delhi)
S.O. 1653(E).—In exercise of the powers conferred by sub-clause (b) of clause (46A) of section 10 of the Income-tax Act, 1961

7
Apr

Notification No. 44/2026 (Delhi)
S.O. 1656(E).— In exercise of the powers conferred by clause (46) of section 10 of the Income-tax Act, 1961

7
Apr

Notification No. 42/2026 (Delhi)
S.O. 1658(E).— In exercise of the powers conferred by clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961

7
Apr

Notification No. 45/2026 (Delhi)
G.S.R. 226(E).— In exercise of the powers conferred by section 139 read with section 295 of the Income-tax Act, 1961

7
Apr

Notification No. 46/2026 (Delhi)
G.S.R. 227(E).— In exercise of the powers conferred by section 139 read with section 295 of the Income-tax Act, 1961

7
Apr

Notification No. 47/2026 (Delhi)
G.S.R. 228(E).—In exercise of the powers conferred by section 139 read with section 295 of the Income-tax Act, 1961

7
Apr

Notification No. 39/2026 (Delhi)
S.O. 1647(E).—Whereas, the Protocol, amending the Convention and the Protocol between the Government of the Republic of India and the Government of the Federative Republic of Brazil for the avoidance

3
Apr

Notification No. 33/2026 (Delhi)
S.O. 1622(E).—In exercise of the powers conferred by sub-clause (b) of clause (46A) of section 10 of the Income-tax Act, 1961

3
Apr

Notification No. 34/2026 (Delhi)
S.O. 1623(E).—In exercise of the powers conferred by sub-clause (b) of clause (46A) of section 10 of the Incometax Act, 1961

3
Apr

Notification No. 36/2026 (Delhi)
S.O. 1624(E).—In exercise of the powers conferred by sub-clause (b) of clause (46A) of section 10 of the Income-tax Act, 1961

3
Apr

Notification No. 37/2026 (Delhi)
S.O. 1626(E).— In exercise of the powers conferred by clause (46) of section 10 of the Income-tax Act, 1961

3
Apr

Notification No. 38/2026 (Delhi)
S.O. 1627(E).— In exercise of the powers conferred by clause (46) of section 10 of the Income-tax Act, 1961

3
Apr

Notification No. 35/2026 (Delhi)
S.O. 1625(E).— In exercise of the powers conferred by clause (46) of section 10 of the Income-tax Act, 1961

3
Apr

Notification No. 28/2026 (Delhi)
S.0. 1535(E).—In exercise of the powers conferred by clause (46) of section 10 of the Income-tax Act, 1961

3
Apr

Notification No. 29/2026 (Delhi)
S.O. 1576(E).— In exercise of the powers conferred by sub-clause (b) of clause (46A) of section 10 of the Income-tax Act, 1961

3
Apr

Notification No. 30/2026 (Delhi)
S.O. 1577(E).— In exercise of the powers conferred by sub-clause (b) of clause (46A) of section 10 of the Income-tax Act, 1961

3
Apr

Notification No. 31/2026 (Delhi)
S.O. 1578(E).— In exercise of the powers conferred by sub-clause (b) of clause (46A) of section 10 of the Income-tax Act, 1961

3
Apr

Notification No. 32/2026 (Delhi)
S.O. 1579(E).— In exercise of the powers conferred by clause (46) of section 10 of the Income-tax Act, 1961

RBI

7
Apr

RBI/2026-27/01 (Delhi)
Implementation of Section 51A of UAPA, 1967: Updates to UNSC’s 1267/ 1989 ISIL (Da'esh) & Al-Qaida Sanctions List: Listing of 01 Entry

7
Apr

RBI/2026-27/02 (Delhi)
Reporting under Foreign Exchange Management Act, 1999 – Returns pertaining to Foreign Exchange Management (Guarantees) Regulations, 2026

7
Apr

RBI/2026-27/06 (Delhi)
Floating Rate Savings Bonds, 2020 (Taxable) - FRSB 2020 (T) - Operational Guidelines

7
Apr

RBI/2026-27/03 (Delhi)
Overseas Investment – Submission of References to the Reserve Bank

7
Apr

RBI/2026-27/04 (Delhi)
Risk Management and Inter-Bank Dealings (Revised)

7
Apr

RBI/2026-27/05 (Delhi)
Memorandum of Instructions governing money changing activities – Location of Forex Counters in International Airports in India

7
Apr

RBI/2026-27/07 (Delhi)
Limits for investment in debt and sale of Credit Default Swaps by Foreign Portfolio Investors (FPIs)

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INDIAN ECONOMY

India plans sovereign guarantees on loans to businesses hit by Iran war, sources say

India plans to roll out sovereign credit guarantees on loans worth $26.7 billion, aimed at supporting businesses, particularly small firms, affected by the Middle East crisis, two government sources said. Businesses, such as textile and glass makers, have been hit by disruptions to supply from the Middle East...

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States likely to raise up to Rs 14 lakh crore in FY27, says ICRA

State governments are expected to raise between Rs 13.4 lakh crore and Rs 14 lakh crore in the current financial year FY2027, marking a growth of 5 to 9 per cent compared to the previous year, according to a report by ICRA. The report noted that after accounting for redemptions of Rs 4.2 trillion in FY2027...

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India's FY27 GDP growth forecast downgraded to 6.8-6.9% amid energy supply disruptions: Report

ICICI Bank has revised India's projected GDP growth for the 2027 fiscal year to a range of 6.8-6.9 per cent from a previous estimate of 7.2 per cent. This adjustment follows significant disruptions in energy supply and manufacturing momentum triggered by the ongoing conflict. According to a report by the b...

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Fitch unit cuts India's economic growth targets amid Iran war

India's GDP growth projection for financial year 2026-27 has been revised downward from 7 per cent to 7.7 per cent, as per India outlook report by BMI, a Fitch Solutions unit. GDP growth in the previous financial year was also downwardly revised from the earlier estimate of 7.8 per cent to 7.6 per cent, amid ...

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RBI MPC Meeting: Goldilocks confused as concerns loom large over imported inflation

With the monetary policy committee (MPC) meetings underway and the Reserve Bank of India (RBI) governor Sanjay Malhotra’s policy statement on April 8th, concerns are running high on the stance the central bank will take. This writer approached veteran banker Dinesh Kumar Khara, the former chairman of the S...

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Until the commercialisation gap narrows, private capital will stay wary of funding innovation

India’s ambition to become a high-income, technology-driven economy sits uneasily with a persistent truth: corporate India underinvests in research and development. The consequences are visible across sectors where domestic firms remain, at best, agile adapters of global technologies rather than originators. ...

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Hiring momentum builds as FY26 ends firmly

India’s white-collar job market closed FY26 on its strongest footing in three years, powered by a broad-based surge in non-IT hiring, rising demand for high-value talent, and a sharp premium for AI/ML roles, according to the latest Naukri JobSpeak report. The JobSpeak Index climbed to 2,858 in March, marki...

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No price volatility despite West Asia War: Govt

There is no “unusual volatility” in prices of essential agricultural commodities due to the West Asia war, a senior government official said on Monday. “We are keeping a close watch on the food security situation in the country and monitoring prices of food commodities while ensuring adequate supply,” said...

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March retail inflation seen at 3.5%: FE Poll, economists flag upside risks as energy prices firm up

Retail inflation in March is estimated to have edged higher, driven largely by rising fuel prices, economists said. Consumer Price Index (CPI) inflation is pegged at a 13-month high of 3.5% year-on-year for March, according to the median estimate of an FE poll of economists. Headline retail inflation stood at...

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Agri exports to Gulf region slow down due to high freight

India’s agricultural exports – rice, fruits and vegetables to the Gulf region have commenced but high freight and time-consuming clearances has severely impacted the volume of shipment, exporters said. In addition, the onward movement of perishable cargoes like fruits and vegetables through Dubai to Saudi ...

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‘India has room to counter war impact due to decade-old fiscal discipline,’ says FM Nirmala Sitharaman

Finance Minister Nirmala Sitharaman on Monday said the country has the fiscal space to support sectors impacted by the West Asia war, attributing the comfort to “decade-old fiscal prudence.” The minister also described the evolving economic challenges arising from the escalating conflict as something “moving ...

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MARKET & FINANCE

Rupee continues to gain as banks unwind arbitrage trades

The Indian rupee sustained its gains on Monday as banks continued to unwind arbitrage trades, said currency dealers. The domestic currency rose 4 paise to 93.061 against the dollar, according to Bloomberg. During the day, it moved in the range of 92.78-93.10. Followed by the Reserve Bank of India’s (RBI) m...

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GLOBAL CORPORATE

NY Fed Says March Supply Chain Pressures Highest Since Start of 2023

Supply chain pressures heated up in March to levels last seen at the start of 2023, data released by the Federal Reserve Bank of New York said on Monday. In its latest Global Supply Chain Pressure Index, the bank said that the measure rose to 0.68, a modest rise from the 0.54 seen in February. A reading of ze...

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Trump's Shipping Waiver Does Not Boost Oil Flows Within US; Fuel Exports Soar

U.S. President Donald Trump's move allowing foreign-flagged cargo ships to move fuel and other goods between domestic ports has so far had little impact on American oil supply, according to trade data and analysts who noted that U.S. refiners and shippers are earning more profits sending fuel overseas. Last m...

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OpenAI, Anthropic, Google unite to combat model copying in China

Rivals OpenAI, Anthropic PBC, and Alphabet's Google have begun working together to try to clamp down on Chinese competitors extracting results from cutting-edge US artificial intelligence models to gain an edge in the global AI race. The firms are sharing information through the Frontier Model Forum, an indu...

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Anthropic tops $30 billion run rate, seals deal with Broadcom

Anthropic PBC said its revenue run rate has now topped $30 billion, up from $9 billion at the end of 2025, and confirmed plans to work with Broadcom and Google to power its burgeoning operations. The AI startup said that demand for its Claude services has accelerated this year, with more than 1,000 business ...

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BMW overtakes Mercedes in Q1CY26

In the competition between the country’s leading luxury car makers, BMW Group India has overtaken Mercedes-Benz India India in the first quarter of 2026. However, the overall luxury car market has remained flat, with total registrations reaching 13,336 units from January to March 2026, compared to 13,322 unit...

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Banking

RBI proposes rehaul of business correspondent framework

The Reserve Bank of India (RBI) on Monday proposed a comprehensive restructuring of the Business Correspondent (BC) framework, introducing a differentiated structure for BC outlets, tightening governance norms and formalising remuneration standards to strengthen financial inclusion and oversight. The amendmen...

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RBI keeps FPI debt investment limits unchanged for FY26-27

The Reserve Bank of India (RBI) on Monday has kept the percentage limits for foreign portfolio investor (FPI) investment in government securities (G-Sec), state government securities (SGS) and corporate bonds unchanged for the financial year 2026-27. The FPI limits in G-Sec, SGS and corporate bonds will co...

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GLOBAL ECONOMY

Pakistan lines up $4.8 billion in external repayments by June, including $3.5 billion owed to UAE: Report

Pakistan has made arrangements to repay $4.8 billion in external obligations by June, including $3.5 billion payable to the United Arab Emirates through three different facilities, according to a local media report. The develop...

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JPMorgan's Dimon Warns Iran War May Drive Inflation and Interest Rates Higher

JPMorgan Chase CEO Jamie Dimon warned on Monday that the war in Iran risks oil and commodity price shocks that could keep inflation sticky and push interest rates higher than the market now expects. The warning came in an annua...

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Canada's Services Economy Shrinks as War Delays Client Decision-Making

Canada's services economy contracted for a fifth straight month in March as uncertainty related to the war in the Middle East contributed to a decline in new business and after higher fuel costs raised operating expenses, S&P Glob...

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US Service Sector Cools in March, Inflation Heating up Amid Iran War

U.S. services sector growth slowed in March, while prices paid by businesses for inputs increased by the most in more than 13 years, an early indication that the prolonged war with Iran was boosting inflation pressures. The Ins...

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Fed's Goolsbee, Hammack Say Inflation Is Flashing 'Orange,' or Worse

Cleveland Federal Reserve President Beth Hammack and Chicago Fed President Austan Goolsbee both see inflation as a far bigger problem than employment, underscoring their support for tighter rather than looser monetary policy as th...

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Middle East War Means 'All Roads' Lead to Higher Prices, Slower Growth, IMF Chief Says

The war in the Middle East will lead to higher inflation and slower global growth, the head of the International Monetary Fund told Reuters on Monday, ahead of a forecast for the world economy planned by the global lender for next...

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INDIAN CORPORATE

Air India, Tata Digital losses push Tata Sons’ new ventures towards Rs 29,000 crore hit: Report

A clutch of new businesses within Tata Sons is projected to post a combined loss of up to Rs 29,000 crore in FY26, far exceeding an earlier estimate of Rs 5,700 crore, according to a report by The Times of India’s Reeba Zachariah,...

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SEBI

Sebi to focus on capacity building of independent directors

Amid the debate on corporate governance following the resignation of HDFC Bank’s part-time chairman and independent director Atanu Chakraborty in the past month, SEBI Chairman Tuhin Kanta Pandey announced on Monday that the market...

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