Macro

The Union Budget 2026-27 tabled on Feb. 1 by Finance Minister Nirmala Sitharaman envisages a total expenditure of Rs 53.47 lakh crore.

The oil shock is feeding into inflation through fuel, fertiliser and currency channels, raising the risk that the Reserve Bank of India may need to tighten policy even as demand weakens.

The proposed amendments aim to expand the powers of the tax department to reopen assessment cases based on orders passed by courts and appellate tribunals.

Rupee is set to reach 96 against the dollar, while the 10-Year yields could drift higher and touch 6.95%, Emkay warned.

The on-going Iran conflict will navigate through its fourth week and determine key market movements in the coming week.

Currently, the liquidity in the banking system is estimated to be in surplus of around Rs 16,875.36 crore.

The assessment also indicates that wholesale price index-based inflation could climb 0.3-0.7%, while exports may face a 2-4% impact due to weakening global demand and logistics hurdles.

On the trade policy front, India is looking at key milestones in its free trade agreement (FTA) pipeline. The proposed agreement with the United Kingdom could enter into force by end-April or early May, the sources said.

The impact of the West Asia conflict is now showing up in an unexpected place — the systems that keep global trade moving. A hidden layer of risk is quietly reshaping shipping activity.

Temporary unloading and storage of diverted liquid and bulk cargo will be permitted within a customs area.

As fuel supply risks rise, an alternative cooking fuel is back in focus. But scaling it may depend less on technology — and more on policy support and sustained demand.

Exports jumped 11% year-on-year to $76.13 billion, largely due to services, according to data from the Ministry of Commerce and Industry on Monday.

A key government decision on a major bank disinvestment has altered expectations around potential consolidation in the banking sector, triggering sharp stock reactions.

WPI inflation stands at 2.13% in February.

Markets have reacted sharply to rising geopolitical tensions, but Kotak Securities believes the selloff may be overstating the long-term impact. The current volatility could offer a chance to rethink portfolios.

A critical shortage of LPG is pushing micro, small and medium enterprises towards an operational crisis, the Association of Indian Entrepreneurs said, calling for urgent intervention of central and state governments to prevent job losses in the sector.

The ongoing conflict has led to disruptions in shipping routes around the Strait of Hormuz, a key global energy corridor, raising concerns over potential supply disruptions and higher freight costs.

Crude oil prices had spiked close to $120 per barrel on Monday in the largest intraday jump on record before easing from the highs later in the session.

India has more than 250 million barrels of crude oil and petroleum products in reserve. This is equal to about 4,000 crore litres.

Oil markets have moved sharply in recent days as attacks linked to the conflict affect energy infrastructure and raise concerns over supply.