The Income Tax department on Saturday asked taxpayers to ignore emails, if any, received alerting them about ‘significant transactions’ as part of the Advance Tax e-campaign.In a post on X, the Central Board of Direct Taxes (CBDT) said certain taxpayers have received emails containing inaccurate details regarding ‘significant transactions’ undertaken by them under the ongoing…
Distribution of commercial LPG cylinders has begun across 29 states and Union Territories, while enforcement agencies have stepped up raids and surprise inspections nationwide to check hoarding and black-marketing amid pressure on cooking gas supplies, a senior oil ministry official said on Saturday.Joint Secretary in the Ministry of Petroleum and Natural Gas Sujata Sharma said…
Union Coal and Mines Minister G Kishan Reddy on Saturday said coal demand could rise further in the coming weeks with temperatures climbing, but asserted that the government is prepared to manage the situation through higher domestic production, PTI reported.He said coal companies are stepping up output and the Centre is in constant coordination with…
NEW DELHI: The Ministry of Petroleum and Natural Gas on Saturday said consumers with piped natural gas (PNG) connections will no longer be allowed to retain, obtain or refill domestic LPG cylinders under an amended supply order.The ministry, in amendment order, said that it will bar government-run oil marketing companies from issuing new LPG connections…
The persistence and sustainability of high oil prices will play a key role in shaping the scale of the economic impact on countries. (AI image) Inflation at a benign 2.2% and growth at 8.0% in the first half of 2025-26 present a rare goldilocks period – that’s what RBI governor Sanjay Malhotra said in the…
MUMBAI: The rupee closed at 92.46 on Friday after touching a record low of 92.48, down 27 paise from the previous close of 92.19, as high crude prices and weekend demand for dollars weighed on sentiment. Market participants said currency losses were partly limited by likely central bank intervention.Energy prices remain elevated as the Gulf…
MUMBAI: India’s foreign exchange reserves fell to $716.8 billion in the week ended March 6 from $728.5 billion in the previous week, RBI data showed. The $11.7 billion decline in reserves last week came amid dollar sales of about $6.1 billion by the central bank to support the rupee against pressure stemming from the Iran…
In a boost to domestic energy supplies amid disruptions in West Asia, two Indian-flagged LPG carriers safely crossed the conflict-hit Strait of Hormuz early Saturday and are now on course for ports in Gujarat. LPG carriers Shivalik and Nanda Devi are heading to Mundra and Kandla, respectively, Rajesh Kumar Sinha, Special Secretary in the Ministry…
Mumbai: Net FPI selling on Indian exchanges reached around Rs 54,455 crore ($5.9 bn) by 13 Mar 2026 as global risk sentiment turned negative after a brief recovery in foreign flows earlier in the year.The earlier improvement in flows followed the India–US tariff deal, which reduced tariffs on Indian exports to the US and improved…
NEW DELHI: Faced with supply constraints in industrial gases and disruption in global shipping routes triggered by the West Asia conflict, steel companies across the country are cutting production, senior company officials said.They said the steel sector is facing pressure on several fronts, including shortages of LPG and LNG, which has started to affect production…
