Economy News ( English version)

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  • Exports during 2025-26 to record positive growth despite global challenges: Official April 3, 2026
    India's exports are showing strong resilience. Despite global challenges, positive growth is anticipated for the fiscal year 2025-26. Merchandise exports have maintained momentum. Data for March and the full fiscal year will be released soon. This indicates a positive outlook for India's trade performance in the coming period.
  • Manmade fibre exporters flag concerns arising from West Asia conflict April 3, 2026
    Rising crude oil prices due to the West Asian conflict are significantly increasing the cost of manmade fibre raw materials. This is creating immense pressure across the entire textile value chain. Customers are unable to absorb these higher costs, leading to a cautious approach from spinners and weavers.
  • Income tax dept opposes benefits to Jane Street Singapore April 2, 2026
    India's tax office has challenged treaty benefits claimed by Jane Street's Singapore arm, suspecting ₹8000 crore in escaped income. The department invoked the MLI-Principal Purposes Test, questioning if obtaining treaty benefits was a primary purpose of the arrangement. This move could impact tax exemptions on derivative profits for Singapore-based […]
  • Key petrochemical products get 3 month import duty relief April 2, 2026
    India has waived customs duty on key petrochemical imports until June 30. This move provides relief to sectors like pharmaceuticals, chemicals, and textiles. The government aims to ensure stable domestic supplies and control prices. This exemption is a temporary measure to support industries and consumers.
  • India Inc seeks export ban on key inputs, QCO relief amid Iran war April 2, 2026
    Iran War: Industry is urging the government to consider an export ban on key raw materials like sulphur and helium, alongside temporary relaxations on quality control orders to ease sourcing. Suggestions also include a targeted work-from-home policy and higher ethanol blending in petrol to counter West Asian conflict impacts. The government is actively engag […]

 

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