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    Power tariff for domestic, commercial consumers in Punjab slashed
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March 6, 2026
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Power tariff reduction implemented from April eases rates for domestic, commercial, industrial consumers and lowers EV charging costs.
Power tariff reductions will take effect from April 1: domestic consumers receive a per-unit cut beyond the existing monthly 300-unit concession and reduced fixed charges per kilowatt; commercial traders and shopkeepers obtain per-unit reductions by load capacity; a low fixed per-unit charge is set for electric vehicle charging; fixed charges for industrial connections up to a specified capacity are reduced and the industrial segment faces no tariff increase in the coming financial year; advocates are reclassified to residential tariff.
March 6, 2026
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Mandatory Biometric Update urged for children as new Aadhaar Seva Kendra expands regional enrolment and service access.
An advanced Aadhaar Seva Kendra has been inaugurated in Ranchi to enhance Aadhaar service delivery. Authorities urged completion of the Mandatory Biometric Update for children at prescribed ages to ensure access to government schemes and avoid registration problems; schools were asked to help reduce pending MBUs. UIDAI currently operates ASKs in three Jharkhand districts and plans a phased expansion of new centres to additional districts to increase regional enrolment capacity.
March 6, 2026
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PMLA investigation prompts raids at locations linked to corporate group; company denies premises were targeted.
Enforcement Directorate teams conducted coordinated searches at multiple locations linked to a corporate group under a PMLA probe into alleged bank loan fraud and associated money laundering, with parallel allegations of financial irregularities under FEMA. The agency has filed three money laundering cases and formed a special investigation team; the principal individual has been questioned twice. The company denies any raids at its offices.
March 6, 2026
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NBFC middle layer classification underscores diversified funding through multiple debt instruments and strengthened risk and tech-based underwriting.
The company, an RBI registered NBFC categorised as an NBFC middle layer under Scale Based Regulations, emphasised technological underwriting, risk management, and collections platforms to support disciplined scaling. Since April 2025 it mobilised diversified capital across instruments including Non Convertible Debentures, Commercial Papers, Term Loans, Securitisation, Direct Assignment and Co Lending Arrangements to strengthen its capital base while prioritising sustainability and asset quality.
March 6, 2026
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Export-oriented agriculture: scale high-value production, strengthen missions, technology and market linkages for global competitiveness growth.
Transition agriculture to an export-oriented model by scaling high-value crop production, strengthening value addition, processing and storage, and aligning output with global quality and branding standards through national missions, budgetary support and coordinated engagement of experts, industry and farmers; promote chemical-free natural farming and crop diversification to access global markets and mitigate risks.
March 6, 2026
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Money laundering investigation triggers Enforcement Directorate searches at company locations, probing alleged bank loan fraud and FEMA irregularities.
Enforcement Directorate teams searched multiple locations linked to Reliance Power Ltd. and its executives in Mumbai and Hyderabad in an investigation into alleged money laundering connected to suspected bank loan fraud and related financial irregularities under the Foreign Exchange Management Act. The ED has filed multiple money laundering cases against the group, constituted a special investigation team on the Supreme Court's direction, and has questioned the principal corporate figure under the anti money laundering law.
March 6, 2026
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Pay commission representations invited for stakeholders; online submissions required by deadline, paper copies may be disregarded.
The Eighth Central Pay Commission invites representations from employees, pensioners, associations and organizations through a prescribed structured memorandum format available on innovateindia.mygov.in and 8cpc.gov.in, with online submissions to be received up to 30th April, 2026; paper-based copies, emails or PDFs submitted by other means may not be considered.
March 5, 2026
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Currency intervention stabilizes local currency amid geopolitical-driven oil price shock and capital outflows.
Central bank intervention to curb exchange-rate volatility is identified as the primary operative mechanism: suspected Reserve Bank purchases supported a rebound in the rupee, with the RBI expected to sterilise these operations to maintain liquidity. Geopolitical conflict and rising crude prices increased import-cost risk and safe-haven flows, while a firm dollar and foreign portfolio outflows added depreciation pressure even as domestic equities recovered.
March 5, 2026
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Political risk insurance sought to secure maritime energy shipments, with premiums borne by contracting parties to maintain supply continuity.
India is seeking political risk insurance and financial guarantees from the International Development Finance Corporation to secure maritime transit for oil, LPG and LNG through the Strait of Hormuz; a dedicated corpus must be established before cover can be provided and premiums will be paid by contracting parties. The government is also diversifying suppliers and considering reprioritisation of domestic gas allocation to manage LNG shortfalls caused by route disruption and force majeure.
March 5, 2026
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Trade disruption risk from Strait closure threatens Indian tea exports and underscores maritime chokepoint vulnerability.
Escalating tensions in West Asia threaten India's tea exports by imperilling shipping through the Strait of Hormuz, a key maritime chokepoint for consignments to Gulf markets. A substantial share of Indian tea shipments to the Persian Gulf - notably consignments to the UAE, Iran and Iraq - transit this route, making export flows sensitive to any closure or suspension of passage. The Tea Association of India emphasises that recent export growth, driven by orthodox teas from Assam, is concentrated in markets served via the strait, increasing sectoral exposure to disruption.
March 5, 2026
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Climate innovation competition expands to Asia, with Singapore hosting finals and partners supporting early-stage green ventures.
Applications are open for ClimateLaunchpad 2026, which expands into Asia with Singapore hosting regional and Global Grand Finals. The programme offers a staged accelerator curriculum-mini-course, Boot Camp, coaching, national/regional pitches and a Global Grand Final-aimed at turning early-stage climate ideas into scalable ventures. Climate KIC partners with Better Earth Ventures and TPC/NO.17 Foundation to provide local delivery, systems-oriented support, capital linkage and ecosystem access, while long-term supporters such as Bank of America and Irish Aid bolster funding and market connectivity.
March 5, 2026
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Economic growth slowdown signals structural pressures; export strength and trade surplus reshape bilateral trade imbalances and strategy.
China's lowered GDP target signals slower, quality oriented growth due to structural domestic constraints - notably property market decline, unemployment and weak consumption - while policy focuses on technological innovation to raise productivity. At the same time, robust exports sustain a record trade surplus, producing rising bilateral trade imbalances as export strength contrasts with domestic weakness.
March 5, 2026
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Ease of doing business reforms streamline compliance, expand credit access, modernise customs and simplify tax certainty for investors.
The Union Budget 2026-27 and related policy measures present a coordinated reform package to enhance ease of doing business by reducing compliance complexity, improving tax certainty and rationalising penalties, expanding access to finance through credit guarantee schemes and a digital Credit Assessment Model, liberalising insurance sector investment norms, modernising customs and trade facilitation with AEO benefits and electronic cargo clearances, and consolidating regulatory frameworks including master directions and a unified securities code to improve predictability and transparency.
March 5, 2026
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GST-IBC interplay clarifies tax compliance and moratorium effects on statutory claims during insolvency resolution.
Interplay between GST and insolvency law addressed tax liability treatment, compliance by interim administrators and resolution professionals (fresh registration, return filing, availability of input tax credit), and the moratorium's effect on recovery; judicial authority was noted that claims not included in approved resolution plans may be extinguished. The relationship between insolvency processes and anti money laundering enforcement was examined, focusing on proceeds of crime, asset attachment during CIRP, jurisdictional friction with enforcement agencies, and statutory protections designed to preserve resolution objectives while reconciling PMLA enforcement with insolvency aims.
March 5, 2026
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Governance-first fintech infrastructure expands via enterprise expense cards, closed-loop clean mobility payments and premium leadership engagement.
Zaggle is shifting toward a governance-first fintech infrastructure model by integrating Corporate Expense Cards with its Spend Management Platform for marquee enterprises, deploying a closed-loop CNG fleet payment solution aligned with clean-mobility regulatory and operational requirements, and expanding premium engagement through its ZGolf leadership platform. These platform-led integrations prioritise real-time visibility, structured controls, compliance alignment and recurring enterprise wallet share rather than standalone transactions.
March 5, 2026
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RBI intervention stabilizes rupee amid strong dollar, rising crude and foreign fund outflows constraining gains.
Reports of Reserve Bank intervention supported a rebound in the rupee, with domestic equity buying also contributing; however, a strong dollar, rising crude oil prices and foreign institutional outflows continued to limit gains and pose downside risk to the currency and India's import bill.
March 5, 2026
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AI governance and process automation recognized for enabling responsible, scalable GenAI deployments and compliance improvements in banking.
LTM is recognized as a Leader in NelsonHall's NEAT Evaluation for GenAI & Process Automation in Banking based on its industry experience, investments in GenAI and agentic AI, and its BlueVerseTM platform. The platform supplies modular, composable agentic solutions and digital agents across banking segments, together with pre-built industry-specific AI agents, AI-enabled compliance and risk-monitoring tools, proprietary IP, partnerships, and AI governance to enable rapid, responsible deployment of AI for compliance, personalization, payments, and operational efficiency.
March 5, 2026
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Weekly petroleum price revision to preserve market liquidity and compensate fuel suppliers amid supply-route disruptions.
The government proposes immediate measures to keep markets liquid after Strait of Hormuz disruptions by shifting to weekly petroleum price revision, establishing a mechanism to compensate OMCs and refineries for surged insurance, freight and import premiums, and directing PSO to tender imports outside the Strait. Regulators will temporarily ration supplies to dealers and retailers based on an eight month sales track record to discourage hoarding, while considering mandatory work from home and alternative routing to maintain supply continuity.
March 5, 2026
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Energy security: Russia offers crude while India diversifies imports amid regional instability and external trade monitoring.
Russia affirms willingness to supply crude to India as West Asia instability and Strait of Hormuz disruptions threaten energy security. The article links recent military escalations to surging global prices, notes a fall in India's Russian oil purchases, and reports U.S. executive measures tying tariff relief to monitoring of India's Russian oil procurement. India emphasizes supplier diversification and protecting national interests in its procurement strategy.
March 5, 2026
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Regulatory frameworks evolving to support long-term value creation, prompting stronger governance and deeper domestic capital participation.
The IVCA Conclave 2026 focuses on aligning evolving regulatory frameworks and stronger governance standards with deeper domestic capital participation to support long-term value creation. Industry leaders, institutional allocators, and regulators will examine AIF growth, fund governance, liquidity pathways, and capital allocation priorities, with an emphasis on institutionalizing compliance and reporting practices that enable disciplined deployment and diversified exit mechanisms in India's alternate capital ecosystem.

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THE LEELA CONCLUDES THE FOURTH SEASON OF #POLOINTHEPINKCITY WITH A CELEBRATION OF THE ROYAL SPORT, CULTURE AND REFINED LUXURY

February 11, 2026

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The tournament featured a pre-finale gala at the newly unveiled Amber Terrace and an exhibition victory by The Leela Polo Team, bringing together gracious hospitality and Rajasthan's enduring polo heritage JAIPUR, India, Feb. 11, 2026 /PRNewswire/ -- The Leela Palaces, Hotels and Resorts marked the successful conclusion of #PoloInThePinkCity, as the fourth season of The Leela Maharaja Sawai Man Singh Polo Cup reaffirmed the brand's commitment to preserving and celebrating the royal sport of polo through thoughtfully curated experiences that blend heritage with contemporary luxury. L-R: Kr Vikramaditya Singh Barkan, Team Optiemus Achievers, Mr. Digvijay Singh, HH Sawai Padmanabh Singh of Jaipur, Mr. Anuraag Bhatnagar, Parul Rai, Maharaj Narendra Singh, Mr. Anoop Pandey, Mrs. Anjali Mehra, Team V Polo, IV Singh The season commenced on February 7 with an elegant pre-finale gala dinner at The Amber Terrace, the newly launched rooftop destination at The Leela Palace Jaipur. Overlooking the Aravalli Hills, the evening unfolded against the backdrop of the terrace's distinctive 'root-to-fruit' cocktail and culinary philosophy, offering guests an immersive introduction to the palace's newest social address. The gathering brought together visionaries from Jaipur's cultural landscape alongside leading voices from fashion and the arts, including singer Manasi Scott, designer Nikhil Mehra, director Prahlad Kakkar, actor and creator Monica Vaswani and actor Chayan Chopra, setting the tone for a weekend defined by elegance and anticipation - hallmarks of #PoloInThePinkCity. On February 8, the focus shifted to the polo field at the Rajasthan Polo Club. Ahead of the final, an exhibition match saw The Leela Polo Team take on the Jindal Polo Team, with The Leela Polo Team emerging victorious with a score of 4–3. Sawai Padmanabh Singh - Icon of India by The Leela and captain of The Leela Polo Team - delivered a standout performance, scoring two goals, alongside two goals by Rao Himmat Singh Bedla. The highlight of the day was the grand finale of the 4-chukker The Leela Maharaja Sawai Man Singh Polo Cup 2026, contested between Team Optiemus Achievers and Team V Polo. In a closely fought match, Team Optiemus Achievers claimed the title with a final score of 7–5, bringing the fourth season of #PoloInThePinkCity to a thrilling close. Speaking on the occasion, Mr. Anuraag Bhatnagar, Chief Executive Officer, The Leela Palaces, Hotels and Resorts, said, "The Leela Maharaja Sawai Man Singh Polo Cup reflects our enduring commitment to honouring India's royal sporting heritage through experiences that embody true Indian luxury. As we conclude the fourth season of this association with the Rajasthan Polo Club, it is especially meaningful to see this journey unfold alongside the unveiling of the reimagined The Leela Palace Jaipur and The Amber Terrace - spaces that represent how we continue to evolve while remaining deeply rooted in culture, craftsmanship and gracious hospitality." The event was further elevated by the association of BMW Excellence Club, as Luxury Mobility Partner, and Hibiki Whisky, as Celebrations Partner, whose shared values of craftsmanship, precision and refined experiences resonated seamlessly with The Leela's philosophy. Mr. Vitesh Barar, Director Marketing BMW India , said, "We are proud to partner with the Leela Maharaja Sawai Man Singh Polo Cup through BMW Excellence Club, an experience that perfectly aligns with BMW's ethos of precision, craftsmanship, and refined luxury. Polo, much like BMW, is a sport that embodies heritage, elegance, and performance, qualities that resonate deeply with our brand. The seamless blend of tradition and modernity showcased at Polo Cup mirrors BMW's commitment to delivering driving experiences that combine cutting-edge technology with timeless sophistication. We celebrate this unique convergence of sport, culture, and luxury, and look forward to creating unforgettable moments for connoisseurs of excellence." "The Maharaja Polo Cup is a rare convergence of heritage and modern luxury - an environment where Hibiki feels instinctively at home. Through this association, Hibiki is experienced not merely as a whisky, but as an expression of balance, craftsmanship, and time. These are moments that cannot be bought, only experienced - true to the spirit of Hibiki, The Masterpiece of Japanese Artistry" commented Rohini Menezes, Category Manager, The House of Suntory, Suntory Global Spirits . As the curtain falls on its fourth season, this event stands as a testament to The Leela's role as a custodian of the royal sport - creating moments where heritage, sport and modern luxury converge with effortless grace. About The Leela Palaces, Hotels and Resorts The Leela Palaces, Hotels and Resorts is India's largest institutionally owned and managed pure-play luxury hospitality brand. Backed by the Brookfield Group, The Leela operates 14 award-winning properties across India's premier leisure and business destinations. Recognized globally for architectural excellence and bespoke services, The Leela has been ranked the #1 hospitality brand globally by Travel + Leisure World's Best Awards in 2020 and 2021, and among the top three in 2023 and 2024. The brand remains committed to delivering timeless Indian hospitality through world-class luxury experiences. For more information, please visit our website www.theleela.com and connect with us on Facebook , Twitter and Instagram . About The Leela Palace Jaipur Set against the Aravalli Hills, The Leela Palace Jaipur is a modern palace that blends Rajasthan's regal heritage with contemporary luxury. Spread across eight acres of landscaped gardens, the palace features 194 elegant rooms and suites, immersive cultural experiences, and Aujasya Spa by The Leela, rooted in ancient Indian wellness traditions. The palace's signature dining destinations include Jamavar, a fine-dining homage to India's royal kitchens; The Aravalli Dining Room, an elegant all-day restaurant inspired by Jaipur's regal heritage; The Peacock Lounge, an exclusive lounge offering refined Mediterranean cuisine; The Jharokha Bar, celebrating the spirited essence of Royal Rajasthan; and The Amber Terrace, overlooking the Aravalli Hills, offering root-to-fruit inspired cocktails paired with modern Asian cuisine. Celebrated as a preferred address for iconic celebrations and discerning travellers, The Leela Palace Jaipur has been recognised with Two Michelin Keys (2025), ranked among the Top Hotels in India by Condé Nast Traveller UK Readers' Choice Awards 2025, and named Favourite Indian Leisure Hotel at the Condé Nast Traveller India Readers' Travel Awards 2025. Photo: Embedded Media Logo: Embedded Media (Disclaimer: The above press release comes to you under an arrangement with PRNewswire and PTI takes no editorial responsibility for the same.). PTI

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