IBT Business Desk

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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
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