Weekly News Platter
The Economic Times

Weekly News Platter

4 Apr, 2026, 06:24PM IST, PTI


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In case you had a busy week, these are the top stories you need to get caught up to speed...
India plans ₹2-2.5 lakh crore credit guarantee scheme amid West Asia conflictIndia plans ₹2-2.5 lakh crore credit guarantee scheme amid West Asia conflict
India is introducing a new credit guarantee scheme to help industries facing higher costs due to the West Asia conflict. This initiative aims to ensure companies can access funding, easing concerns about rising input and logistics expenses. The government is proactively preparing to mitigate any economic stress. Read more
Govt imposes import curbs on all articles of gold, silver, platinumGovt imposes import curbs on all articles of gold, silver, platinum
These restrictions will apply irrespective of any prior contract, irrevocable letter of credit, advance payment, shipment status, or any other commitment, the Directorate General of Foreign Trade (DGFT) said in a notification. Read more
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Dubai regulator probe found HDFC’s DIFC branch kept quiet for 5 years, failed to meet integrity standardsDubai regulator probe found HDFC’s DIFC branch kept quiet for 5 years, failed to meet integrity standards
Banks own ethics panel found high number of regulatory breaches while onboarding clients; Deloitte, Kroll also had conducted probe. Funding is at odds with bank CEO's statement that these were technical lapses. Read more
ITR changes from April 2026: 5 key updates for Tax Year 2026–27 explainedITR changes from April 2026: 5 key updates for Tax Year 2026–27 explained
Starting April 1, 2026, new Income Tax Act and Rules bring significant changes for Tax Year 2026-27. Key updates include extended ITR due dates for certain taxpayers, revised timelines for updated and revised returns, and mandatory PAN quoting for more transactions. These amendments aim to streamline tax filing and compliance. Read more
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Tata Steel gets Rs 1,755 crore demand notice from Jharkhand mining office over alleged excess coal extractionTata Steel gets Rs 1,755 crore demand notice from Jharkhand mining office over alleged excess coal extraction
Tata Steel has been issued a demand notice of Rs1,755.10 crore by the District Mining Office in Ramgarh, Jharkhand. The notice alleges excess coal extraction of over 1.62 crore metric tonnes from its West Bokaro Colliery between FY2000-01 and FY2006-07, citing grounds similar to a Supreme Court ruling on illegal mining. Read more
China aims to show global leadership with Iran war diplomacy. US appears uninterestedChina aims to show global leadership with Iran war diplomacy. US appears uninterested
China is actively pursuing a diplomatic role in the Iran war. It has proposed a five-point plan with Pakistan and is seeking support from Gulf nations. China opposes a UN proposal for military action to open Strait of Hormuz. The United States have shown little interest in China's mediation efforts. Read more
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Delhi snack scam: Expiry dates altered on biscuits, chips, soft drinks in cityDelhi snack scam: Expiry dates altered on biscuits, chips, soft drinks in city
Dwarka police busted an expired food racket, uncovering a godown where expired products were repackaged with forged labels. Simultaneously, a counterfeit toothpaste factory was raided in Outer Delhi. These operations highlight serious public health risks from fake consumer goods circulating in the city. Investigations are ongoing to trace supply chains. Read more
Gulf countries planning new oil routes, including one backed by PM Modi, to bypass Strait of HormuzGulf countries planning new oil routes, including one backed by PM Modi, to bypass Strait of Hormuz
Gulf planning new pipeline to bypass Hormuz: Gulf countries are exploring new oil transport routes to bypass the Strait of Hormuz due to growing concerns over potential disruptions linked to Iran. Officials and industry leaders believe alternative pipelines and transport links are crucial for securing steady exports from the region. Read more
HAL imposes penalties on GE for F404 delaysHAL imposes penalties on GE for F404 delays
GE Aerospace is facing penalties for late deliveries of F404 engines for India's Light Combat Aircraft program. Liquidated damages are being applied to each delayed engine. HAL has received only six of the 99 ordered engines. Discussions are ongoing for technology transfer of the more advanced F414 engines for the upcoming LCA Mk2 fighter jet. Read more
India moves to boost defence indigenisation with EoI for 1,000-kg aerial bombIndia moves to boost defence indigenisation with EoI for 1,000-kg aerial bomb
India is developing its own 1000-kg aerial bomb, similar to the Mk-84. This initiative aims to boost self-reliance in defence manufacturing. The project involves designing and developing prototypes, followed by procurement. The new bomb will be compatible with both Russian and Western aircraft used by the Indian Air Force. This move signifies a significant step towards indigenous defence capabilities. Read more
Kash Patel and Tulsi after Bondi? Why Trump keeps losing his A-teamKash Patel and Tulsi after Bondi? Why Trump keeps losing his A-team
US Attorney General Pam Bondi's abrupt dismissal by President Trump signals a return to his administration's characteristic high turnover. This pattern, seen in his first term, suggests that even unwavering loyalty is insufficient to guarantee survival, as performance and personal chemistry remain critical factors. Read more
India’s Russian oil imports surge 90% amid Hormuz disruptionIndia’s Russian oil imports surge 90% amid Hormuz disruption
India's oil imports from Russia saw a significant 90% jump in March. This occurred as overall oil imports dropped due to supply issues in West Asia. Disruptions in the Strait of Hormuz impacted LPG and LNG supplies. India is now actively seeking new sources for its energy needs. Imports from African nations also increased. Read more
West Asia crisis: How a war meant to break Iran could leave Tehran stronger, and Gulf exposedWest Asia crisis: How a war meant to break Iran could leave Tehran stronger, and Gulf exposed
Iran war: Instead of crushing Iran's theocratic rulers, it ​could leave them stronger, emboldened by surviving weeks of U.S.-Israeli attacks, firing on Arab Gulf states and rattling global energy markets by effectively shutting the Strait of Hormuz. Read more
AAP removes Raghav Chadha as Deputy Leader of Rajya SabhaAAP removes Raghav Chadha as Deputy Leader of Rajya Sabha
The Aam Aadmi Party has made significant changes in the Rajya Sabha. MP Raghav Chadha will no longer get speaking time in Parliament. The party has formally communicated this to the Rajya Sabha Secretariat. MP Ashok Mittal will now serve as the new Deputy Leader of AAP in the Upper House. Read more
Tariff therapy: Trump nudges pharma cos to make drugs in US or face 100% tariffTariff therapy: Trump nudges pharma cos to make drugs in US or face 100% tariff
America is set to impose hefty 100% tariffs on imported medicines. This move targets drug companies that do not agree to government pricing deals or commit to manufacturing in the US. Companies have a limited time to comply. This aims to lower prescription drug costs for Americans. Exemptions and reduced rates are available for those meeting specific criteria. Read more
Pakistan to repay USD 2 billion loan to UAE on its demand: ReportPakistan to repay USD 2 billion loan to UAE on its demand: Report
Pakistan will return two billion US dollars to the United Arab Emirates by the end of this month. The UAE had provided the funds to support Pakistan's balance of payment. This repayment comes after the UAE requested the immediate return of the money. Pakistan has over twenty-one billion US dollars in reserves. Read more
'Taragiri' warship joins Navy fleet with BrahMos strike capability'Taragiri' warship joins Navy fleet with BrahMos strike capability
India's defense prowess is highlighted with the commissioning of its fourth stealth frigate, Taragiri (F41). Built with over 75% indigenous content by Mazagon Dock Shipbuilders Limited, this 6,670-tonne warship signifies a major advancement in naval engineering and the 'Make in India' initiative. Taragiri boasts enhanced stealth, a powerful weapon suite, and advanced systems for versatile maritime operations. Read more
33 possible air pollution solutions progress to trial phase under challenge set by Delhi government33 possible air pollution solutions progress to trial phase under challenge set by Delhi government
Delhi government's innovation challenge is moving to its next phase. Thirty-three prototypes designed to combat air pollution will undergo trials. These innovations include solar-powered dust traps and advanced mist sprayers. Trials are expected to begin in early May and last for three months. An expert committee will evaluate the technologies for practical and cost-effective solutions. Read more
Fly91 to expand network to 12 cities, add 30,000 seats per monthFly91 to expand network to 12 cities, add 30,000 seats per month
Fly91 is expanding its regional network. New services will connect Rajahmundry, Vijayawada, and Hubballi starting April 10. Flights will increase on several key routes. This expansion adds nearly 30,000 seats monthly. More destinations like Indore and Nanded are coming soon. This move aims to boost regional economic activity and domestic travel. Read more
Delhi ‘a mandi for child trafficking’, says HCDelhi ‘a mandi for child trafficking’, says HC
Delhi High Court has expressed grave concern over child trafficking in the capital. The court described Delhi as a 'mandi' for such activities. Notices have been issued to Indian Railways, Delhi government, Delhi Police, and NCPCR. The court noted that despite earlier interventions, child trafficking continues unabated. Implementation gaps and SOP violations were highlighted. Read more

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