
The government is likely to take a call on extending import duty exemption on about 40 products beyond June 30, after analysing the evolving situation in West Asia and associated revenue implications, an official said on Thursday.

Sensex and Nifty decline as West Asia tensions and RBI meeting create market uncertainty; investors await crucial rate decision.
Kochi Tea auctions face cautious overseas buyers amid West Asia tensions, leading to increased unsold orthodox tea quantities.
India's economic horizon is looking promising, with the Reserve Bank of India forecasting a robust 6.9% GDP growth for the fiscal year 2026-27. Yet, challenges loom as global tensions, particularly in West Asia, and escalating energy costs could disrupt this …

COMEX gold traded around $4,655-$4,700 per ounce, while silver hovered near $79-$81 as investors evaluated the US-Iran conflict and potential oil market volatility
Strong domestic demand lifts PMI; new orders strengthen even as overseas demand weakens amid West Asia tensions
Highlighting enforcement measures to curb hoarding and black marketing, the ministry said, "more than 1900 raids were conducted across the country," while "penalties [were] imposed on 349 LPG distributorships, and 74 LPG distributorships have been suspended."