Macro

Officials said the GST Council is likely to convene only after the new state governments are in place.

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.

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.

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.

It said the Indian economy, which imports nearly 90% of its crude oil requirements, is also highly dependent on imports of natural gas and fertilisers, and is particularly vulnerable to such external shocks

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.