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Net direct tax collection grows 13% to ₹13.38 lakh crore till October 14
Collection from securities transaction tax (STT) swelled 52% to ₹46,840 crore till October 14 of FY27. (Image used for representational purpose only) | Photo Credit: Gettyimages/iStockphoto Net direct tax collection rose 13.21% to about ₹13.38 lakh crore between April 1 and October 14, driven by a healthy pick-up in corporate taxes. Net corporate tax mop-up…
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2026 Economics Nobel Prize: Putting the humanity in macroeconomics
Most people view macroeconomics as a result of the mechanical tweaking of some variables to alter other variables. For example, if aggregate consumer demand is down, there is immediately a call for lower interest rates and higher government doles. Similarly, when demand outstrips supply, then the call is the opposite: raise interest rates and cut…
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Govt. to roll out National Electricity Data Sharing framework in October: Power Secretary
Pankaj Agarwal, Secretary at the Union Power Ministry. Source: Special Arrangement. The government is set to roll out the National Electricity Data Sharing Framework in October to facilitate structured and secure data sharing in the power sector, Pankaj Agarwal, Secretary at the Union Power Ministry, said on Wednesday. A national-level data governance committee, comprising government…
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Rupee rises 19 paise to close at 95.17 against U.S. dollar
A cashier holds Indian currency notes. File | Photo Credit: Reuters The rupee appreciated by 19 paise to close at 95.17 (provisional) against the U.S. dollar on Wednesday (October 14, 2026), registering the fourth straight session of gains, supported by Reserve Bank of India interventions aimed at easing near-term dollar demand and limiting speculative foreign…
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Stock markets close lower amid elevated crude oil, rising inflation
Benchmark stock indices Sensex and Nifty closed lower on Wednesday (October 14, 2026) amid profit-taking after a sharp rally in the previous session, as a spike in wholesale price-based inflation and firm crude oil prices hit investor sentiment. The 30-share BSE Sensex declined 251.89 points, or 0.34% to settle at 72,781.89. During the day, it…
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Why have Central banks around the world started hiking rates? | Explained
The story so far: Geopolitical tensions in West Asia, elevated crude oil prices, rising U.S. Treasury yields and persistent inflation are complicating the global monetary policy outlook. After a period of monetary easing, central banks may have less room to cut interest rates further, with renewed inflationary pressures potentially forcing some to reconsider their policy…