Economy News

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 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

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

Big change in UPI, card payments from April 1: RBI makes 2FA compulsory

Under the new rules, OTP alone will not be enough — users must complete at least two layers of verification, such as PIN, password, or biometrics. The move aims to curb rising online fraud like phishing and SIM swap scams.

Mar 29, 2026

Finance Bill 2026 gets Parliament nod, budget implementation from April 1

The budget outlines a total expenditure of ₹53.47 lakh crore, marking a 7.7% increase from the current fiscal year. The government aims to boost growth, job creation, and manufacturing across key sectors, including support for MSMEs.

Mar 28, 2026

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

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

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

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

Gold dips 0.73 pc this week amid profit booking, dollar surge

Gold falls 5.89% this week amid profit booking and dollar surge; silver prices decline

The price of 10 grams of 24-carat gold was at Rs 1,47,218 on Friday, down from Rs 1,56,436 seen on Monday, according to data published by the India Bullion and Jewellers Association (IBJA).

Mar 21, 2026

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 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

Indian rupee crosses 93 against US dollar for 1st time

At the interbank foreign exchange, the local unit opened at 92.92 against the greenback before breaching the 93-mark for the first time to trade at 93.08.

Mar 20, 2026

Gold prices rise for 5th day over Middle East tensions

India's Rs 5 trillion gold hoard fuels boom in fast-growing gold loan market, draws global investors

RBI data shows that gold loans more than doubled in a year, reaching Rs 4 trillion in January from Rs 1.75 trillion a year earlier. Experts, however, estimate the actual market size to be around Rs 14 trillion, considering lending by NBFCs, which account for nearly half of the sector.

Mar 19, 2026

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Economy News

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

Lok Sabha approves Insolvency and Bankruptcy Code (Amendment) Bill

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

Big change in UPI, card payments from April 1: RBI makes 2FA compulsory

Finance Bill 2026 gets Parliament nod, budget implementation from April 1

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

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

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

Indian rupee opens higher against US dollar

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

Gold falls 5.89% this week amid profit booking and dollar surge; silver prices decline

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

Flipkart CFO Sriram Venkataraman resigns ahead of IPO plans

Indian rupee crosses 93 against US dollar for 1st time

India's Rs 5 trillion gold hoard fuels boom in fast-growing gold loan market, draws global investors

Time for India to follow suit? France, Germany, Netherlands, US banned use of EVMs [here's why]

Dhanush's Captain Miller has no buyers in Telugu states? Here's why

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