🏦 Economy / Policy
• India replaces the 1961 Income Tax Act with the new Income Tax Act 2025 from today, marking a major overhaul of the direct tax regime for FY27 📊
• A set of new financial rules effective April 1—including PAN requirements, revised banking/ATM charges, labour code-linked salary changes, and higher tax-free income limits—reset the framework for salaried taxpayers 💹
• Brent crude eased ~3% to around $104/barrel after de-escalation signals, but remains elevated, keeping imported inflation risks intact 🛢️⚠️
🏢 Companies / Sectors
• Jet fuel prices more than doubled to ₹2.07 lakh/kl, while commercial LPG rose ₹195.50, increasing cost pressures for airlines and businesses ✈️📈
• Electric 4-wheeler registrations surged 88% in FY26, though Tata Motors’ market leadership is narrowing amid rising competition 🚗⚡
• Oracle has laid off around 12,000 employees in India, with another round expected, signalling continued cost optimisation in the tech sector 💻📉
🌍 Global / World
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