Economy

India has got the "best deal" among all competing economies, the commerce minister said.

HSBC Chief India Economist Pranjul Bhandari warns that natural gas and LPG shortages could severely drag down India's economic growth over the coming year.

Oil markets remain under pressure due to reduced flows from the Gulf, particularly through the Strait of Hormuz, a key transit route for global energy supplies.

The Indian economy will have to go through a "Sagar Manthan", Saurabh Mukherjea, founder and chief investment officer on Marcellus Investment Advisors told NDTV Profit.

Goods and Services Tax (GST) collections have exceeded revised estimates, with CGST alone achieving 100.8% of its target.

Pranjul Bhandari, chief India economist at HSBC, said the easing of the manufacturing PMI to 53.9 reflected the impact of disruptions linked to the conflict in the Middle East, which are reverberating through the global economy.

Vora warned that the longer the Strait of Hormuz remains shut, the more severe the impact would be, particularly for Asia and India.

"We don't need oil from the Hormuz strait. Those who import from there must take care of the passage," Trump said in an address from the White House.

In a televised address from the White House, Trump said US operations are close to achieving their objectives, even as he set a two- to three-week window for either a deal or further attacks.

Donald Trump Speech Live: He said Iran's navy is gone, its air force is in ruins, most of its leaders are dead, and its ability to launch missiles has been curtailed.

RBI said banks should not allow customers to rebook any foreign exchange derivative contract.

These restrictions will operate irrespective of any prior contract, irrevocable letter of credit, advance payment, shipment status, or any other commitment, the Directorate General of Foreign Trade (DGFT) said in a notification.

Minister of State for Communications Pemmasani Chandra Sekhar, in a written reply to Lok Sabha, said that total imports in the telecom instruments category rose from $13,333 million in 2019-20 to $17,010 million in 2023-24.

As many as 3,195 applications were pending at the beginning of March, while 22,243 fresh applications were received during the month.

India and the US have established a framework for an Interim Agreement that reflects both nations' shared commitment to fostering an open and equitable digital trade environment.

Sources stated that the Centre undertook sectoral exclusions from the relief measures with regards to select sensitive sectors.

The latest development comes after the Supreme Court ruled against Mauritius-based Tiger Global International, upholding the Income Tax Department's right.

As the conflict evolves, an expert points to a shift in risks between key players, suggesting different paths ahead for countries involved in the crisis.

Gross collections rose 8.3% to Rs 22.27 lakh crore from Rs 20.55 lakh crore.

The feedback collected from these meetings will help the Commission decide how much salaries, pensions and benefits should be revised in the future.