HOME > MARKETS > ECONOMY NEWS
  ECONOMY NEWS
ECONOMY
Govt may introduce additional relief measures for vulnerable segments amid West Asia crisis
Mar-30-2026

If the ongoing West Asia crisis continues, the government is reportedly to introduce additional relief measures for vulnerable segments of the country, including for MSMEs, with an aim to protect the economy from rising costs and potential disruptions.

A slew of measures like excise duty cuts on fuel have already announced by the government amid a sharp spike in global crude oil prices triggered by the ongoing geopolitical conflict in the West Asia. The Finance ministry had cut excise duty on petrol to Rs 3 a litre, from Rs 13 a litre earlier, while the levy on diesel has been slashed to nil from Rs 10 earlier, offering relief to oil marketing companies (OMCs).

Apart from this, the government of India had restored full benefits under the Remission of Duties and Taxes on Exported Products (RoDTEP) scheme to exporters till March 31. The Directorate General of Foreign Trade (DGFT) in a notification informed that RoDTEP rates and value caps have been restored with effect from February 23, 2026, to March 31, 2026, for all eligible export products. Besides, the RELIEF (Resilience & Logistics Intervention for Export Facilitation) scheme with an outlay of Rs 497 crore has been rolled out by the government. 


  RELATED NEWS >>