Economy News

Income-tax rules 2026 notified: Govt tightens compliance, makes filing simpler

Income-tax rules 2026 notified: Govt tightens compliance, makes filing simpler

New rules aim to simplify procedures while strengthening transparency, compliance, and reporting standards. A key change relates to house rent allowance (HRA). While exemption limits remain unchanged—50% of salary for metro cities and 40% for non-metros—taxpayers must now disclose their relationship with landlords. Mar 20, 2026
Flipkart CFO Sriram Venkataraman resigns ahead of IPO plans

Flipkart CFO Sriram Venkataraman resigns ahead of IPO plans

Flipkart CFO Sriram Venkataraman has resigned after over a decade, just ahead of the company's planned India IPO. He will assist during the transition period. Ravi Iyer will take interim charge, while leadership changes signal restructuring as Flipkart prepares for its next growth phase. Mar 20, 2026
No material concerns, HDFC Bank has sound financials: RBI

No material concerns, HDFC Bank has sound financials: RBI

The RBI confirmed that the bank is well-capitalised, has sufficient liquidity, and continues to be managed by a professional board and competent leadership. It also approved a temporary transition arrangement, appointing Keki Mistry as interim part-time chairman for three months starting March 19. Mar 19, 2026
US‑Iran‑Israel war: Rupee hits record low of ₹92.18 against US dollar amid surging oil prices and geopolitical tensions

Rupee hits record low of 92.63 amid firm dollar, import pressures

The Indian rupee weakened to a record low of 92.63 against the US dollar, surpassing its previous all-time low amid ongoing Middle East tensions. Elevated oil prices driven by the conflict have increased import costs, triggered capital outflows, and heightened macroeconomic risks for India Mar 18, 2026
Gold, silver prices climb ahead of key US Fed meet

Gold, silver prices climb ahead of key US Fed meet

Gold and silver prices rose on Tuesday ahead of the US Federal Reserve's two-day policy meeting starting March 17. On the MCX, gold futures (April 2) traded at Rs 1,57,145 per 10 grams, up Rs 1,409 (1%), while silver futures (May 5) climbed 2.4% to Rs 2,62,899 per kg. Mar 17, 2026
India on course to become world's 3rd largest economy: CEA Nageswaran

India on course to become world's 3rd largest economy: CEA Nageswaran

Chief Economic Advisor V. Anantha Nageswaran said India is on track to become the world's third-largest economy, with Q3 FY26 GDP at 7.8% and full-year growth at 7.6%. He noted India's strong post-Covid growth and the AI ecosystem as drivers of sustained 7% real and 10–11% nominal growth. Feb 27, 2026
SEBI Check

SEBI warns investors about fake STT Notices, 'account handling' services

SEBI clarified that STT is automatically collected by brokers under the Finance Act, 2004, and it does not issue demand notices. SEBI warned investors about rising fraud involving fake Securities Transaction Tax (STT) notices and so-called "account handling" services promising risk-free profits. Feb 27, 2026
Earlier in the day, gold had jumped 2 per cent while silver soared 6 per cent. Analysts attributed the surge to geopolitical tensions as US President Donald Trump's 10-day deadline for a

Gold, silver prices surge amid US-Iran tensions

MCX gold April futures gained 0.43 per cent to Rs 1,60,399 per 10 grams around 12.30 am on an intra-day basis. Meanwhile, MCX silver March futures gained 3.05 per cent to Rs 2,67,600 per kg. Feb 27, 2026
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