Economy News

Locker loss cover fixed at 100 times annual rent: Nirmala Sitharaman

Locker loss cover fixed at 100 times annual rent: Nirmala Sitharaman

Nirmala Sitharaman clarified in the Lok Sabha that standard insurance coverage for bank lockers is fixed at 100 times the annual locker rent in case of loss, theft, or damage. Banks cannot inspect locker contents due to privacy and regulatory rules, making it impractical to offer coverage based on the actual value of stored items Mar 30, 2026
Lok Sabha approves Insolvency and Bankruptcy Code (Amendment) Bill

Lok Sabha approves Insolvency and Bankruptcy Code (Amendment) Bill

Lok Sabha approved the Insolvency and Bankruptcy Code (Amendment) Bill, 2025, aimed at speeding up insolvency proceedings for defaulting companies. The Bill mandates a 14-day timeline for admitting insolvency applications once defaults are established and proposes 12 amendments to strengthen the resolution ecosystem Mar 30, 2026
Crude oil prices jump over 3 pc, nears 52-week high

Crude oil prices jump over 3 pc, nears 52-week high

Global crude oil prices surged over 3% on Monday, nearing a 52-week high, as tensions in West Asia escalated following the involvement of Yemen's Iran-backed Houthi group. Brent crude rose to $116.70 per barrel, while West Texas Intermediate crossed $103. Mar 30, 2026
Govt to borrow Rs 8.20 lakh crore during first half of FY 2026-27

Govt to borrow Rs 8.20 lakh crore during first half of FY 2026-27

The government will also conduct buybacks to manage its redemption profile and may use a greenshoe option to raise an additional Rs 2,000 crore per security. The RBI has fixed the Ways and Means Advances limit at Rs 2.50 lakh crore to address temporary cash mismatches. Mar 27, 2026
Jefferies rejigs key portfolios, removes HDFC Bank; bank shares slip 3 pc

Jefferies rejigs key portfolios, removes HDFC Bank; bank shares slip 3 pc

Global brokerage Jefferies has removed HDFC Bank from multiple key global and Asia-focused portfolios following the resignation of its part-time chairman Atanu Chakraborty. The move comes amid governance concerns flagged after Chakraborty cited differences over "values and ethics" in his exit Mar 27, 2026
Gold, silver surge on safe-haven demand amid West Asia tensions

Gold, silver surge on safe-haven demand amid West Asia tensions

Prices of Gold and Silver surged sharply as investors turned to safe-haven assets amid ongoing West Asia tensions and weak risk sentiment. On the Multi Commodity Exchange, gold climbed above ₹1.42 lakh per 10 grams, while silver jumped over 3% to near ₹2.28 lakh per kg Mar 27, 2026
Indian rupee opens higher against US dollar

Indian rupee opens higher against US dollar

The Indian rupee opened slightly stronger against the US dollar after Donald Trump announced a temporary pause in strikes on Iran, easing immediate geopolitical concerns. However, gains remain limited as rising crude oil prices and ongoing tensions continue to pressure the currency. Mar 24, 2026
Gold slips on strong dollar, silver rebounds on MCX; Rupee hits record low

Gold down 9.4%, silver 10.2% amid global sell-off and rising interest rate concerns

Gold and silver prices plunged sharply despite the West Asia conflict, with gold falling 9.41% and silver 10.21%. The decline was driven by profit booking, rising interest rate expectations, and global market sell-offs. Experts say this is a temporary correction, not a trend reversal, and advise investors to remain cautious. Mar 23, 2026
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
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