India’s domestic demand, resilient financial system provide some insulation amid global crisis: Eco Review

IANS | April 29, 2026 6:47 PM

New Delhi, April 29 (IANS) While the West Asia conflict constitutes a significant supply shock with rising risks to inflation, trade, and financial flows, India's domestic demand, policy buffers, resilient financial system, and sustained public investment provide some insulation, the Finance Ministry’s Monthly Economic Review for the month of April said on Wednesday.

SC sets aside rulings quashing JAO notices, remits reassessment cases to High Courts

IANS | April 29, 2026 5:44 PM

New Delhi, April 29 (IANS) In a significant ruling impacting thousands of reassessment cases under the Income Tax Act, the Supreme Court has set aside a series of High Court rulings that had quashed reassessment notices issued by Jurisdictional Assessing Officers (JAOs) and remitted the matters back for fresh adjudication in light of the Finance Act, 2026.

92 pc monsoon forecast, 35 pc deficit risk cloud FY27 farm outlook

IANS | April 29, 2026 5:32 PM

New Delhi, April 29 (IANS) India’s agricultural outlook for FY27 likely to remain uneven despite underlying stability, with a 92 per cent monsoon forecast and a 35 per cent probability of deficient rainfall emerging as key risks, though strong government support is expected to provide some cushion, a report said on Wednesday.