Economy news

• Senior citizen wrongly paid tax on Rs 25.42 lakh bond interest; ITAT orders Rs 9.91 lakh refund

  30-09-2026 23:25 via timesofindia.indiatimes.com
  
  Each year, the senior citizen reported the interest earned from his investments in tax-free bonds under the ‘exempt income’ category in his income tax return (ITR). But made a mistake in one year. The man realised the error only after the deadline for filing a revised ITR had passed. He therefore approached the jurisdictional assessing officer (JAO) and filed a rectification application.
  
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• 5 money changes in Oct: Bulk FD rates, UPI MDR, SBI ATM limit cut, LPG KYC & more

  30-09-2026 19:25 via timesofindia.indiatimes.com
  
  The money changes include a reduction in the number of free ATM transactions for certain State Bank of India (SBI) salary account customers, new disclosure norms for interest rates on bulk fixed deposits (FDs), revised charges under the National Pension System (NPS) and mandatory Aadhaar authentication for receiving LPG subsidies.
  
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• Mother and nominee son died; bank delayed funds to father, ordered to pay Rs 15,000

  30-09-2026 16:37 via timesofindia.indiatimes.com
  
  A woman had Rs 62,541 in her savings account. Her son was registered as the nominee. Both the mother and son passed away, leaving her 83-year-old husband as the only surviving member of the family. The man was a farmer and was not very familiar with English.
  
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• Switched to the new income tax regime? Why these older tax-saving instruments still make sense

  30-09-2026 14:32 via timesofindia.indiatimes.com
  
  While the usual go-to avenues may have lost some of their appeal as tax-saving instruments, they still hold great financial value in terms of long-term financial security. Many taxpayers view life insurance as a tax-saving tool, but its value is far greater. PPF may not have the growth of equity investing, but it remains one of the best avenues for long-term stable returns.
  
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• Nitin Gadkari: 100% ethanol flex-fuel engines being developed

  30-09-2026 12:36 via timesofindia.indiatimes.com
  
  India currently imports petroleum worth around Rs 22 lakh crore, Gadkari said, underlining the need to reduce the country's dependence on imported fuels through greater use of ethanol, electricity, hydrogen and other alternative energy sources. The government is also encouraging the adoption of electric vehicles and flex fuel vehicles are being developed.
  
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• Delhi traffic gets ‘brain’: How new Rs 1,789cr traffic system will change your commute

  30-09-2026 12:24 via timesofindia.indiatimes.com
  
  Delhi will soon introduce an Intelligent Traffic Management System to improve traffic management across the capital. The project aims to adjust traffic signals based on real-time conditions and reduce congestion. Emergency vehicles, such as ambulances, will receive priority during peak traffic times. Traffic violations will be monitored using automated systems for enforcement and safety. The rollout will occur in three phases, evaluated to ensure effectiveness and integration.
  
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• Rabi MSP hike, Rs 1.86 lakh crore green corridor, Delhi AI traffic system: Cabinet clears 3 key measures

  30-09-2026 12:15 via timesofindia.indiatimes.com
  
  The Union Cabinet has sanctioned increased Minimum Support Prices for Rabi crops, fostering agricultural growth for farmers across the country. Additionally, a new financial boost for the Green Energy Corridor-III scheme aims to enhance renewable energy transmission between states. In a bid to alleviate urban traffic woes, Delhi will introduce an Intelligent Traffic Management System, leveraging real-time data for improved road safety and optimized traffic flow.
  
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• Bank holidays in October: When and where will banks remain closed?

  30-09-2026 11:48 via timesofindia.indiatimes.com
  
  Bank customers are advised to organize their visits in light of several upcoming regional and national holidays that will lead to branch closures. Key dates to remember include Mahatma Gandhi Jayanti on October 2 and Dussehra on October 19, which will affect various states. Furthermore, expect closures on the second and fourth Saturdays of October. However, customers can still leverage digital banking for regular transactions during these periods.
  
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• New CAFE-III fuel-efficiency rules: What changes for EVs, hybrids and small cars

  30-09-2026 10:43 via timesofindia.indiatimes.com
  
  As of April 1, 2027, India will roll out new Corporate Average Fuel Economy (CAFE) regulations aimed at passenger vehicles, demanding increasing fuel-efficiency targets that will evolve each year until 2032. These rules support credit trading, promote cleaner technologies, and incentivize alternatives like electric vehicles. Manufacturers will need to submit annual data to confirm adherence to these environmental standards and ensure a significant reduction in carbon emissions.
  
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• RBI rate hikes ahead? BofA sees 100 bps repo rate increase through H1 2027

  30-09-2026 10:29 via timesofindia.indiatimes.com
  
  Bank of America Securities anticipates that the Reserve Bank of India will implement significant interest rate hikes by mid-2027. They have adjusted their forecast for the initial hike to October instead of December, predicting a cumulative increase of 100 basis points, resulting in a terminal rate of 6.25 percent. This expectation is bolstered by economic growth and inflation concerns, but any slowdown in the economy could impact the RBI's strategy.
  
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• Rs 1.54 lakh crore and counting: Why Indians still choose PPF, SSY, SCSS

  30-09-2026 09:34 via timesofindia.indiatimes.com
  
  The net collections under small savings schemes are expected to surpass the budgeted Rs 3.59 lakh crore target for financial year 2026-27 by a comfortable margin, with inflows during the first four months of the fiscal already 56% higher than in the corresponding period last year. Officials expect FY27 collections to come in significantly above the original target, particularly because a substantial share of small savings typically comes in during the March quarter.
  
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• Anthropic Ipo Prospectus: firm seeks $2trn valuation with 12x 2025 revenue; $518bn capex fuels AI trade

  30-09-2026 09:02 via timesofindia.indiatimes.com
  
  Aiming for a valuation surpassing $2 trillion, Anthropic has pledged an impressive $518 billion in infrastructure investments. In 2025, the company saw its revenue multiply by twelve times, capturing the attention of investors. However, the persistent losses may cause some hesitation regarding its valuation. This bold spending strategy underscores confidence in the anticipated AI technology demand, with investors staying hopeful and eager for AI-focused investment opportunities despite conceivab
  
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• Gold price prediction today: Gold sinks to seven-week low; analyst says bias stays cautious

  30-09-2026 08:13 via timesofindia.indiatimes.com
  
  Gold price prediction today: Gold has had a rough month. It's fallen nearly 12% from its August highs, touching a seven-week low of $4,111 an ounce. Treasury yields have been the biggest headwind, with the 30-year touching its highest level since 2002 and the 10-year near its highest since 2007.
  
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• Economy Showing Strength: Das says India stays robust on demand; warns Global South on risks

  30-09-2026 06:54 via timesofindia.indiatimes.com
  
  The Indian economy showcases resilience, buoyed by strong domestic demand and ongoing sectoral activity. High-frequency indicators reveal a widespread economic uptick, particularly driven by increased rural demand. Nevertheless, the crisis in West Asia has led to rising energy costs and inflation challenges, influencing global economic growth. To tackle issues like food security and energy transition, coordinated efforts among Global South nations are essential.
  
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• Rupee Slips To 95.97: currency hovers near 96 amid oil demand, FPI outflows; RBI caps slide

  30-09-2026 06:43 via timesofindia.indiatimes.com
  
  In the early trading session, the rupee opened at 95.87 against the US dollar but quickly fell to 95.97. This decline is attributed to strong demand for dollars from oil marketing companies. To curb the rupee's decline below the 96 mark, state-run banks are stepping in. Additionally, foreign portfolio outflows totaling around $2.2 billion this month are further straining the currency.
  
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• Rupee slips to 95.97: Currency hovers near 96 amid oil demand, FPI outflows

  30-09-2026 06:43 via timesofindia.indiatimes.com
  
  In the early trading session, the rupee opened at 95.87 against the US dollar but quickly fell to 95.97. This decline is attributed to strong demand for dollars from oil marketing companies. To curb the rupee's decline below the 96 mark, state-run banks are stepping in. Additionally, foreign portfolio outflows totaling around $2.2 billion this month are further straining the currency.
  
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• Son claims share in mother’s house, cites Rs 2.1 lakh given; couple ordered to vacate

  30-09-2026 06:27 via timesofindia.indiatimes.com
  
  The case involved a son who continued living in his mother's house after his marriage despite having no independent title over the property. His mother, meanwhile, relied on a General Power of Attorney (GPA), an Agreement to Sale and a Will as documents establishing her ownership of the house.
  
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• CJ Desai to lead Meta’s enterprise AI business

  30-09-2026 06:00 via timesofindia.indiatimes.com
  
  Chirantan CJ Desai has taken the helm of Meta’s innovative enterprise platform, a significant step in enhancing their AI capabilities for businesses. Reporting directly to CEO Mark Zuckerberg, Desai's impressive background in business software includes pivotal roles at MongoDB and ServiceNow. His transition to Meta has also triggered notable leadership adjustments at MongoDB as the company adapts to this industry shift.
  
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• Top stocks: What are the stock recommendations for September 30, 2026?

  30-09-2026 04:52 via timesofindia.indiatimes.com
  
  Stock market recommendations: Mehul Kothari, DVP of Technical Research at Anand Rathi Shares recommends Mangalore Refinery And Petrochemicals Ltd (MRPL), Chennai Petroleum Corporation Ltd, and R R Kabel as the top stocks to buy today on September 30, 2026.
  
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• Oil stays above $103 after Trump denies easing sanctions on Iran

  30-09-2026 03:54 via timesofindia.indiatimes.com
  
  Rising oil prices are reflecting a renewed uncertainty over US sanctions on Iran, with Brent crude surpassing $103 a barrel and WTI hovering around $89. As Qatar works hard to ease tensions between the United States and Iran, Saudi Arabia has resumed oil exports from the Red Sea, aiding recovery in regional supply.
  
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• Walking a tightrope: 5 hurdles facing Noel Tata and an unlisted Tata Sons

  30-09-2026 03:34 via timesofindia.indiatimes.com
  
  Noel Tata's plan for merging Tata companies seeks to maintain the private status of Tata Sons, avoiding any public listing. However, the Reserve Bank of India has already rejected previous requests to ease regulatory restrictions on Tata Sons. Additionally, potential dissent within the Tata Sons board may question the validity of this merger initiative, amplified by the Shapoorji Pallonji Group's counterarguments.
  
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