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G7 to release 100 million barrels of oil reserves through IEA

• The co-ordinated release includes frontloaded diesel supplies to stabilise global energy markets
• Lower crude and diesel prices could ease costs for Indian refiners and fuel retailers

G7 agrees to release 100 million barrels of oil and diesel from emergency reserves

• G7 countries agreed to release 100 million barrels of diesel and crude oil
• The release will come from emergency reserves
• More oil supply could ease fuel costs for Indian refiners and oil marketing companies

India extends RoDTEP export support till Dec 2026; raises insurance cover to 95% amid West Asia disruption

• RoDTEP export support extended until December 31, 2026
• Insurance risk coverage raised to 95% for eligible shipments amid West Asia disruption
• Export support and higher shipment cover benefit Indian exporters and insurers

PMEGP may get 5-year extension till 2030-31 with Rs 15,000 crore outlay; govt weighs easier norms

• Government is considering extending PMEGP until 2030-31
• The proposed extension has an estimated Rs 15,000 crore outlay
• A larger PMEGP could support Indian micro-enterprises and employment

GST relief for gaming companies raises hopes across the sector

• Tax authorities took a softer approach in the first four final GST orders after the Supreme Court ruling
• Gaming companies may benefit from lower GST-related uncertainty

West Bengal finance minister calls for scrapping Urban Land Ceiling Act

• Swapan Dasgupta urged organised real-estate players to invest in West Bengal
• He cited land laws and tenancy issues as impediments to the state’s development
• Land-law changes could open development opportunities for Indian real-estate companies active in West Bengal

Bets on an October Fed rate hike fall as US job market cools

• The US added 29,000 jobs last month, below economists’ forecast of 90,000
• The unemployment rate rose to 4.2%

SBI economists expect RBI to raise repo rate 25 bps to 5.50%

• The MPC meets October 5-7 to decide on interest rates
• Economists cite rising inflation and global concerns behind the expected hike
• A rate hike would lift borrowing costs for Indian banks, autos and other rate-sensitive sectors

PFRDA appoints Bank of Baroda as pension fund sponsor; bank becomes second PSU lender in business

• PFRDA appointed Bank of Baroda as a pension fund sponsor
• The appointment marks the bank’s entry into the pension fund business
• Pension-fund entry expands Bank of Baroda’s business scope

RBI Rate Hike Ahead? SBI Research Flags Inflation, Rupee Risks For October MPC

• SBI Research expects the RBI to begin raising rates in October
• It cites inflation, rupee weakness, global risks and tighter liquidity
• Higher-rate expectations may weigh on Indian borrowers and rate-sensitive stocks

Centre fortifies India’s AI mission with Sovereign Compute Pool amid rising GPU costs

Bonded warehouses may face 24-hour discrepancy reporting, five-year digital records under proposed customs overhaul

• Proposed customs overhaul may require bonded warehouses to report shortages or discrepancies electronically within 24 hours
• Warehouses may also need to keep digital records for five years
• Tighter compliance could raise costs for Indian warehousing and logistics operators

Earning in dollars? New FEMA rules from October 1: How freelancers and YouTubers need to file EDF declaration with banks

• From 1 October, a new RBI rule changes reporting for service exporters receiving overseas payments

Inflation target should align with advanced economy average of 2%: Patra

• Patra says India’s inflation target should align with the advanced-economy average of 2%
• He says anti-inflationary monetary policy makes the biggest contribution to growth
• A 2% target could affect RBI rate policy and Indian banks, lenders and rate-sensitive stocks

10 years of inflation targeting: How elephant was driven away to the jungle

• India’s inflation-targeting framework has anchored price expectations
• Economists see scope to refine the framework’s mandate
• Inflation-targeting changes could affect rate expectations for Indian banks and rate-sensitive stocks

Govt should have made RBI's 2022 inflation failure report public: Janak Raj

• Janak Raj said the government should have made public the RBI’s 2022 inflation failure report
• He said India is still early in reaping the benefits of flexible inflation targeting
• Inflation-targeting credibility matters for Indian banks and rate-sensitive stocks

MPC external members should be appointed full-time, says Chetan Ghate

• Chetan Ghate said external members of the MPC should be appointed full-time
• He said flexible inflation targeting has established a credible nominal anchor
• MPC appointment and coordination proposals matter to Indian rate expectations and interest-sensitive sectors

Invested in gold, silver, debt or equity ETFs? Check how capital gains tax maths differs across these mutual funds

• Gold, silver, equity and debt ETFs have different capital-gains tax treatment
• Holding period, ETF type and gain size can affect tax due
• Tax treatment affects after-tax returns for Indian ETF investors

India auctions two maiden mineral blocks in J&K for estimated limestone

• India auctioned two maiden mineral blocks in Jammu & Kashmir for estimated limestone
• The Mines Ministry called the auction an important step towards unlocking Jammu & Kashmir’s mineral potential
• New limestone supply may benefit Indian cement producers and mining companies

Tamil Nadu Free Bus Travel: 84 Lakh Women To Benefit As Vijay Expands Scheme

• Tamil Nadu expands free bus travel to 84 lakh women across additional bus services and routes
• Free travel could affect Tamil Nadu transport operators and commercial-vehicle demand

Mines ministry auctions 2 J&K limestone blocks to spur mineral development

• The Koot-Kapran and Wantrag blocks in Anantnag have estimated limestone resources of 4.75 million tonnes and 10.853 million tonnes, respectively

GOBARdhan eyes 10-fold increase in CBG output: Hardeep Singh Puri

• GOBARdhan aims for a 10-fold increase in CBG output
• The scheme provides capital assistance and guaranteed offtake for renewable fuel made from organic waste
• CBG expansion could benefit Indian biofuel players, including Godavari Biorefineries

Govt preparing new affordable housing policy, expected to come in next six months, says Credai

• A new affordable housing policy is expected within six months
• Credai urged the government to remove the ₹45 lakh per-unit price cap
• A revised affordability definition could affect Indian housing developers and home-finance companies

ASCI issues AI labelling guidelines for ads, rules to take effect in three months

• ASCI guidelines require disclosure of synthetic content when concealing its AI origin could materially affect audience perception
• AI-generated advertising disclosures affect Indian advertisers, agencies and digital platforms