Shrimi Choudhary
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Govt Shielding Citizens From Full Global Oil Shock Despite Massive OMC Losses: Sources
Petrol under-recoveries are currently estimated at around Rs 26 per litre, while diesel under-recoveries are as high as Rs 82 per litre. In that context, officials indicated that even a modest Rs 3 hike would account for only a fraction of the financial burden currently being borne by OMCs.
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Govt's New Dollar-Saving Push: Think Twice Before Your Next Foreign Trip
Officials privately describe outbound tourism as the 'softest dollar-saving lever' available to policymakers because reducing discretionary overseas spending can help conserve foreign exchange without causing widespread economic pain at home.
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Govt Weighs Allowing OMCs To Borrow Overseas In Foreign Currency To Ease Forex Pressure
The measure is also expected to reduce borrowing costs for the state-run oil retailers, given that international borrowing rates may prove more competitive than current domestic alternatives.
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Behind The Gold Duty Hike: West Asia Crisis Prompts Government Move To Protect Forex, CAD
According to government sources, the duty revision on precious metals is a calibrated move to ringfence forex for crude oil, fertilisers and defence as West Asia tensions and the US-Iran war reshape India's external calculus.
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DFS Secy Says All West Asia-Bound Cargo Will Be Insured; BMI Pool To Provide $100M Underwriting
The announcement comes in the backdrop of no definitive resolution to the on-going war in the region.
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India Eyes Up To 20% Cut In Fuel Consumption Amid Oil Shock Fears
The Centre's broader objective is to build a nationwide voluntary public movement to help India navigate global economic disruptions and energy market volatility.
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I-T Dept Eyes Wider Crypto Reporting Net In FY27 | Profit Exclusive
CBDT plans pilot projects, wider SFT coverage and tech-driven surveillance to tighten oversight of crypto transactions from FY27
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Tax Compliance Drive: CBDT Targets Top 10,000 Arrear Cases to Recover Rs 2.57 Lakh Crore In FY27 | Exclusive
The tax department will monitor top advance-tax payers and identify misuse of exemptions and deductions.
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Gaming Platform GamesKraft's Three Founders Arrested, ED Raids 17 Locations In Delhi-NCR, Karnataka
According to ED sources, a case under the Prevention of Money Laundering Act (PMLA) was registered against Gameskraft and associated entities based on multiple FIRs filed against the company and its founders.
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HDFC Bank May Appoint New Chairman in June; Mistry Unlikely For Full-Term Role
Sources say Keki Mistry's role was intended as a "stop-gap" arrangement, and the chairman's position—by design—needs to be independent.
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Rs 2.5 Lakh Crore-Worth MSME, Aviation Credit Scheme Likely To Get Cabinet Nod Today
The scheme aims to expand the government's credit backstop framework, enabling lenders to extend collateral-free or partially guaranteed loans to stressed but viable businesses facing disruptions due to geopolitical tensions.
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Govt Plans Rs 5,000-Crore Airline Credit Scheme Under ECLGS To Cushion Sectors Hit By Iran War
This will be under a broader Emergency Credit Line Guarantee Scheme (ECLGS) framework worth Rs 2.5 lakh crore which is being worked out for multiple affected sectors.
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DA Hike: Cabinet Approves 2% Dearness Allowance Hike For Government Employees And Pensioners
The Cabinet on Saturday cleared a 2% hike in Dearness Allowance (DA) for central government employees, providing an increase in takehome pay amid rising living costs
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NSE IPO: Government Nudges LIC, SBI, Other PSUs For Stake Sale Under OFS
A majority of PSU shareholders are in the process of making submission for stake dilution in the NSE IPO, sources said.
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ED Arrests Two Former Anil Ambani Group Executives Under PMLA
Amitabh Jhunjhunwala and Amit Bapna have been taken into custody under provisions of the Prevention of Money Laundering Act as part of a probe into alleged financial irregularities involving entities of the group.
