Economy news

• Third edition of Green Energy Corridor to add 51,126 ckm transmission lines, 50 GWh BESS

  03-10-2026 18:48 via timesofindia.indiatimes.com
  
  The Indian government has approved the third phase of the Green Energy Corridor to enhance renewable energy transmission. This phase will create over 51,000 circuit kilometres of transmission lines and significant transformation capacity. It also includes the installation of Battery Energy Storage Systems to store excess renewable energy. The implementation involves a mix of new projects and network upgrades managed by state transmission utilities.
  
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• Bulk diesel price up Rs 14.6/litre as crude surge squeezes oil cos' margins

  03-10-2026 18:40 via timesofindia.indiatimes.com
  
  Nayara raises petrol price by Rs 5/litre, diesel by Rs 3 as crude surge hits margins
  
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• How landlord won tax relief on Rs 14.96 lakh demonetisation cash deposit

  03-10-2026 18:31 via timesofindia.indiatimes.com
  
  The Bangalore bench of the Income Tax Appellate Tribunal (ITAT) recently held that rental income already disclosed to the income tax authorities can be considered as an identifiable source of cash deposited into a bank account at a later date. Even where a landlord claims to have collected rent in cash, the subsequent deposit of that money cannot be disregarded merely because the rental earnings have already been taxed.
  
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• Rate hike may hurt select NBFC segments, but broad asset stress unlikely: Report

  03-10-2026 12:23 via timesofindia.indiatimes.com
  
  Nuvama Institutional Equities suggests that an RBI rate hike may not broadly impact NBFC asset quality. The report indicates that past rate increases did not lead to widespread deterioration. Current risks, including the West Asia conflict, appear limited to specific NBFC segments. Healthy capital buffers and liquidity may support overall asset quality for most NBFCs. Any future deterioration is expected to be specific, contingent on external shocks.
  
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• Over 3,500 responses on CAS: Sebi to quickly move ahead with proposals

  03-10-2026 11:46 via timesofindia.indiatimes.com
  
  In a significant announcement, Sebi chairman Tuhin Kanta Pandey revealed transformative changes to the Closing Auction Session mechanism. This initiative is driven by the feedback of over 3,500 participants who responded to the consultation paper. Apart from updating settlement prices for index and stock derivatives, Sebi aims to invigorate the corporate bond derivatives market, fostering both participation and support for regulatory practices.
  
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• Tenant claims eviction protection with unregistered rent agreement; HC denies relief

  03-10-2026 11:19 via timesofindia.indiatimes.com
  
  In this case of tenancy, the property owner’s counsel argued that the alleged unregistered rental agreement could not be admitted as evidence to establish the tenant's claim. The argument was that the owner’s brother himself occupied the premises only through 'permissive possession'. Therefore, he had no authority to let it out to another person.
  
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• Need cash but don’t want to sell stocks? Here’s a way, explained in 10 points

  03-10-2026 11:11 via timesofindia.indiatimes.com
  
  Investors have the option to leverage their shares in a demat account for borrowing, providing them access to immediate cash flow. The borrowing capacity hinges on the type of securities held and the lender's guidelines. It's vital for borrowers to grasp the risks associated with fluctuating share prices and the consequences of defaults. Additionally, understanding tax implications and benefits remains crucial, alongside meticulously reviewing the loan's terms before commitment.
  
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• Nayara hikes petrol by Rs 5, diesel by Rs 3 amid pressure from rising oil prices

  03-10-2026 11:11 via timesofindia.indiatimes.com
  
  Nayara Energy has announced an increase in fuel prices, raising petrol rates by Rs 5 and diesel by Rs 3 per litre. This decision comes in response to climbing international crude oil costs. Notably, Nayara had previously reduced prices for the first time in two years as global tensions subsided.
  
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• Today’s resilience no guarantee for tomorrow: RBI Guv flags emerging financial risks

  03-10-2026 10:50 via timesofindia.indiatimes.com
  
  During the Kautilya Economic Conclave, Reserve Bank governor Sanjay Malhotra emphasized the critical need for a resilient financial infrastructure. He pointed out the significance of monitoring new vulnerabilities to ensure the system can withstand diverse shocks. Malhotra acknowledged that systemic risks are now more global and interconnected, leading to unique challenges.
  
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• Goyal pitches India as global trade hub, eyes 75-80% of world economy

  03-10-2026 08:41 via timesofindia.indiatimes.com
  
  India is actively pursuing free trade agreements with 31 nations to boost its global trade ties. Commerce Minister Piyush Goyal underscored the possibility of achieving a $30 trillion economy by 2047. He pointed out significant opportunities for both American and Indian-American entrepreneurs to engage in this economic growth. In Chicago, Goyal held talks with U.S.
  
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• 'Oil's' well in September: How India kept crude flowing amid the energy crisis

  03-10-2026 07:29 via timesofindia.indiatimes.com
  
  September marked a significant high in India's crude oil imports, mainly spurred by boosted supplies from Gulf nations. The reintroduction of Iraqi and Kuwaiti crude has notably changed the dynamics of India's import sources, ensuring better supply availability. This surge assists Indian refiners in reducing their dependency on Russian oil amidst global pressure.
  
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• UPI transactions rise 27% to 145 billion in H1 FY27 ahead of new MDR

  03-10-2026 06:34 via timesofindia.indiatimes.com
  
  UPI has recorded significant transaction growth, processing 145 billion transactions in the first half of the financial year. The value of these transactions increased to Rs 177 lakh crore, reflecting a notable rise. A new merchant discount rate will be introduced on October 15, applying to high-value UPI transactions. Most everyday merchant transactions will remain free, with certain services facing a flat fee structure.
  
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• G7’s 100-million-barrel diesel fix: What happens after the emergency release

  03-10-2026 05:41 via timesofindia.indiatimes.com
  
  The G7 announced an urgent release of 100 million barrels of oil and fuel products to counteract the ongoing diesel shortages, starting now and extending over the upcoming four months. Yet, experts warn that this withdrawal from emergency reserves could jeopardize future preparedness. Additionally, with supply routes still facing disruptions from geopolitical issues, the overall impact on fuel pricing and market dynamics remains ambiguous.
  
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• Irdai plan to help check mis-selling, raise returns

  03-10-2026 04:30 via timesofindia.indiatimes.com
  
  Irdai has introduced proposed guidelines aimed at reshaping the commission and expense structures for insurance distribution. This shift focuses on reducing reliance on high commission models, favoring a more customer-oriented strategy. Key proposals include imposing limits on commissions for products and introducing remuneration based on distributors' efforts. This pivotal change could greatly affect brokers and online platforms, with shares already experiencing a decline.
  
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