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The Hindu Businessline

Economy / The Hindu Businessline

CBDT's Nudge campaign results in 1.25 crore updated ITRs, 9,494 crore additional tax payment

The taxpayers are selected on the basis of advanced risk analysis identifying incorrect or non-reporting of assets or income, or excess claims of deductions or exemptions in their ITRs

3 Aug 2026 3:24 pm
Rise in wholesale price inflation driven by global commodity, energy costs: Govt

Minister of State for Finance Pankaj Chaudhary informed the Lok Sabha that the government is taking steps to control inflation and reduce its impact on consumers

3 Aug 2026 3:24 pm
India proposes extending tax breaks for contract manufacturing in a boost for Apple

The tax exemptions would be extended until 2041 for foreign companies that provide machinery to contract manufacturers

3 Aug 2026 3:15 pm
India, Uzbekistan should look at doubling bilateral trade in next 3 yrs: Goyal

Goyal also called upon businesses of both sides to invest in each other's economies.

3 Aug 2026 2:39 pm
Spotlight: Willie Walsh to pilot IndiGos global ambitions

Walsh will lead IndiGos overall management and strategic direction with a focus on accelerating its global growth trajectory

3 Aug 2026 1:48 pm
In Kerala's rubber-growing belt, spiky red fruit is raising hopes for new farming future

Once considered an exotic fruit seen only in home gardens, rambutan has quietly grown into one of Kerala's fastest-expanding commercial fruit crops

3 Aug 2026 1:39 pm
Rising cotton costs and shrinking supply strengthen the case for man-made fibres: Nuvama

Production has declined from a peak of 6.31 billion kg in CS21 to an estimated 4.95 billion kg in CS26, while imports have tripled from 0.26 billion kg to 0.80 billion kg

3 Aug 2026 12:53 pm
Cardamom exports lose aroma as prices surge

Instead of building large inventories, many importers are opting for smaller, more frequent purchases

3 Aug 2026 11:57 am
Fish workers urge Centre to consult coastal states before finalising shipping law

Draft policy places emphasis on industrial fishing, which could lead to the concentration of the sector in the hands of a few large operators, the Kerala Fishworkers panel said

3 Aug 2026 11:56 am
Monsoon set to weaken at half way, head north and east under El Nino shadow

With August, second rainiest month, and September, when the monsoon begins its withdrawal, still to come, global models indicate El Nio may finally begin to exert its full influence on monsoon

3 Aug 2026 11:56 am
Willie Walsh assumes charge as IndiGo CEO

A pilot and an aviation industry leader who just completed his tenure as the Director General of the global airlines' grouping IATA, Walsh's appointment as the CEO was announced by IndiGo on March 31.

3 Aug 2026 11:47 am
PMI Manufacturing slips to near 5-year low in July

While demand remained resilient in July, growth cooled across metrics such as total sales, input purchasing and employment

3 Aug 2026 11:06 am
PVV Infra bags two wayside amenities projects on national highway in MP

The corridor is expected to witness substantial growth in vehicular and pilgrim traffic in the lead-up to the Simhastha Purna Kumbh Mela 2028

3 Aug 2026 10:37 am
CERC proposes transmission charge relief for delayed renewable projects

The move would mark a policy roll-back. India had begun phasing out interstate transmission charge waivers for new solar, wind and hybrid projects from July 2025.

3 Aug 2026 7:24 am
Cabinet note in the works to end forex rule for SEZ services

A proposal to amend the SEZ Act could boost MRO, defence, engineering and IT services by allowing INR payments for services to domestic clients

2 Aug 2026 9:06 pm
RBI MPC likely to stay on hold amid inflation risks, global uncertainty

The MPC has left the repo rate unchanged in its last three meetings while maintaining a neutral policy stance for six consecutive meetings

2 Aug 2026 8:56 pm
Warehouse automation to humanoids: Addverb bets on India, CEO says physical AI race has begun

On the widespread fears of job losses, Kumar said although some repetitive and physically demanding tasks would inevitably be automated, robotics would create new jobs as it boosts industrial productivity

2 Aug 2026 5:28 pm
Govt to introduce Bill to replace 125-year-old law on presenting bank records as evidence in courts

Finance Minister Nirmala Sitharaman will introduce the Bankers Books Evidence Bill, 2026 in Parliament on Monday, replacing the 125-year-old Bankers Books Evidence Act, 1891

2 Aug 2026 4:43 pm
Kerala Agri Varsity launches home garden model to promote nutritious vegetables

The Panchakam initiative recommends cultivating five crops: drumstick, papaya, chilli, curry leaf, and cowpea

2 Aug 2026 3:45 pm
Air freight rises 16% in June, Delhi tops with 1 lakh tonnes for 3rd straight month

Total cargo handling crosses one million in June quarter led by international cargo growth despite West Asia crisis

2 Aug 2026 3:27 pm
IndiGo at 20: How Indias largest airline took flight, and where it plans to go

IndiGo, with a domestic market share of more than 66%, is set to induct Airbus A321 XLR aircraft before taking delivery of wide-body A350s from 2028

2 Aug 2026 3:25 pm
RBI likely to hold rates in August, retain hawkish tone: Economists

The MPC will meet between August 3 and August 5 to decide on the policy rates.

2 Aug 2026 2:23 pm
Power consumption rises nearly 11% in July

The power demand in May last year was 230.99 GW.

2 Aug 2026 2:10 pm
IndiGo operates Navi Mumbai airports first cargo flight, plans regular freighter service

The shift comes as Mumbai International Airport Ltd intends to suspend freighter flights in order to carry out airside improvement works

2 Aug 2026 1:36 pm
Call to seek Centres intervention to revive, modernize FACT

The sharp increase in raw material prices has substantially raised the production cost of phosphatic fertilizers and ammonium sulphate, undermining the companys financial viability

2 Aug 2026 12:38 pm
Fertiliser demand rebounds with revival in kharif sowing; urea continues to dominate sales

Fertiliser sales touch 41.09 lt by July 17, against an estimated demand of 74.28 lt for the entire month

2 Aug 2026 11:16 am
Agricultural waste holds the key to Indias clean energy future

Turning crop residue from a seasonal pollution crisis into a reliable clean energy feedstock could reshape rural incomes, energy security, and Indias climate commitments, if policy and infrastructure catch up with the opportunity

2 Aug 2026 9:23 am
Why input costs, not demand, will decide Indias dairy inflation story

The real challenge is going to be whether the industry can supply the required amounts of milk in an efficient, sustainable, and affordable manner

2 Aug 2026 9:21 am
From weather forecasts to climate resilience: The future of farming in India

A single platform-observed flood, heatwave, landslide or drought can replace slow field surveys, putting money in farmers hands within days instead of seasons

2 Aug 2026 8:55 am
Why biofortified crops could shape the next phase of Indian agriculture

The next phase of Indian agriculture should help India nourish itself and biofortified crops offer us an opportunity

2 Aug 2026 8:53 am
PE-VC investments rebound sharply in July 2026 on infra and energy deals

Early-stage funding gained momentum despite a moderation in late-stage investments

1 Aug 2026 8:29 pm
Carmakers post strong July sales, driving 33% YoY industry growth

Strong consumer demand, new launches and lower borrowing costs drove robust sales growth across passenger vehicle and two-wheeler manufacturers.

1 Aug 2026 8:17 pm
PM inaugurates Alluri Sitarama Raju Intl Airport in Bhogapuram

`The spoke airport model to expand civil aviation is showing success]

1 Aug 2026 7:53 pm
Centre reviews pilot recruitment rules to make entry easier for new airlines

MoCA to review notice periods, NOC requirements, DGCA staffing norms and airport slot allocation as part of broader market entry reforms

1 Aug 2026 7:30 pm
India eyes Rwandas critical minerals as both sides expand trade agenda

Both sides noted that the MoU between the health authorities of the two countries is at an advanced stage of finalisation for signature

1 Aug 2026 7:22 pm
Odisha's export can reach $50 billion by FY 2029-30: Study

Odishas merchandise exports reached $10.8 billion in FY 2025-26, accounting for 2.4% of Indias total exports

1 Aug 2026 6:43 pm
Indias passenger vehicle sales surge 33% in July, led by Maruti Suzuki and Hyundai

Strong consumer demand and policy support drove Indias passenger vehicle market to one of its best monthly performances in July.

1 Aug 2026 5:43 pm
Over 5.9 crore ITRs filed by July 31; more than 40% already processed

Beyond the late fee, missing the income tax return deadline can result in losing valuable tax options and loss carry-forward benefits.

1 Aug 2026 4:39 pm
Indias soyabean acreage recovers as July rains boost sowing

Madhya Pradesh, Gujarat, Uttar Pradesh see a rise in acreage

1 Aug 2026 4:33 pm
Air India adds Canada flights

With this launch, Air India will be only carrier operating non stop flights from Mumbai to Canada adding nearly 2,000 seats on the route

1 Aug 2026 4:31 pm
Real-time tracking, improved services key features of proposed Maharashtra Ambulance Policy

The citizen application will enable users to locate the nearest available ambulance, track its live location and estimated arrival time, receive preliminary guidance via video calls and check the estimated fare before booking

1 Aug 2026 3:46 pm
Maharashtra extends PMFBY enrolment deadline to Aug 10; 61.82 lakh farmers registered so far

The extension was granted because some farmers faced technical issues, pending documentation, and personal reasons, Bharane stated

1 Aug 2026 3:42 pm
Centre releases additional 1.09 lakh crore in tax devolution to states

The advance transfer gives states additional fiscal resources ahead of the scheduled monthly devolution to support spending and development programmes.

1 Aug 2026 3:33 pm
Manish Agarwal takes charge as General Manager of ICF

Agarwal succeeds U Subba Rao, who has assumed charge as General Manager of Southern Railway

1 Aug 2026 2:52 pm
U Subba Rao assumes charge as Southern Railway General Manager

An officer belonging to the 1987 batch of the Indian Railway Service of Mechanical Engineering (IRSME), Rao has held key leadership positions across various Zonal Railways and Production Units

1 Aug 2026 2:38 pm
PM Modi inaugurates Alluri Sitarama Raju International Airport in Bhogapuram in Andhra Pradesh

The Greenfield airport has been designed to handle 6 million passengers annually which can be scaled up to 40 million passengers

1 Aug 2026 2:36 pm
Gross GST collection rose over 15% in July

According to data made public on GST portal, collection from domestic sources rose over 10% to around 1.45 lakh crore reflecting consumption picking up

1 Aug 2026 2:18 pm
ITR last date 2026: Over 5.9 crore returns filed by July 31

Last year, over 7.3 crore ITRs were filed by September 16, 2025, which was the extended date for filing tax returns for AY 2025-26

1 Aug 2026 12:46 pm
Bhogapuram airport to start commercial flight service from August 17: GMR

GMR group said the airport has been completed several months ahead of schedule; initially, the annual passenger handling capacity will be six million and this will be scaled up to 40 million

1 Aug 2026 12:18 pm