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    India, US trade deal to be signed once tariff architecture is in place: Official
    Ministry of Statistics and Programme Implementation is in process of revising base year of Index of Industrial Production from 2011-12 to 2022-23
    National Statistics Office has planned to conduct “Rapid Survey on Functional Cooperatives” from April, 2026
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March 16, 2026
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Tariff architecture uncertainty delays signing of interim trade agreement until US restores a stable global tariff framework.
The interim India-US trade framework remains unsigned pending establishment of a new US global tariff architecture; the previously agreed preferential tariff of 18 per cent for India is contingent on how the US restructures tariffs after a Supreme Court decision altered the prior emergency tariff regime. Negotiators have postponed final legalisation to ensure India's comparative advantage is preserved and to resolve outstanding non tariff and national security tariff issues before signing.
March 16, 2026
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Base year revision of industrial production index to update methodology and weights, release planned soon.
Revision of the Index of Industrial Production base year involves updating the item basket, item weights, data sources, and factory list, and proposes adoption of a chain-linked approach to better capture emerging sectors and changes in industrial composition. A Technical Advisory Committee (TAC-IIP) will advise on methodological improvements, and the Ministry plans to release the revised IIP series under the new methodology in the near term.
March 16, 2026
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Cooperative sector survey to estimate GVA and employment, collecting financial and labour data across cooperatives.
The National Statistics Office will use the National Cooperative Database to survey primary cooperatives, their federations and multistate societies across major sectors to estimate GVA/GVO and employment, collecting financial, tax, subsidy, distributive expense, depreciation and labour cost data for FY 2020 21 and FY 2023 24, while banking cooperatives will supply only employment data.
March 16, 2026
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Project monitoring threshold revised; mandated projects are monitored via integrated portals with automated API data flows.
The Ministry released updated CPI and GDP series and will release a revised IIP series; NIC-2025 aligns with ISIC Revision 5. Under the Allocation of Business Rules, 1961, the Ministry monitors projects above the prescribed cost threshold using the PAIMANA portal, integrated with IPMP; line ministries and implementing agencies must update IPMP, and data are fetched into PAIMANA via APIs for online monitoring.
March 16, 2026
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Base year revision of GDP and statistical modernisation enables nowcasting and real-time economic monitoring for policy guidance.
Revision of the GDP base year to 2022-23 integrates new data sources, NIC-2025 classification, and methodological improvements to improve national accounts measurement; the IIP series and price indices have been modernized (CAPI for CPI and secure online WPI transmission) and a nowcasting framework using high-frequency indicators and data dashboards provides near real-time assessments of economic activity for policy support.
March 16, 2026
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Statistical data accountability strengthened through digital collection platforms and harmonised standards for reliable public dissemination.
MoSPI strengthened statistical data accountability by deploying digital collection tools-CAPI integrated with e SIGMA, AI enabled chatbots and multilingual interfaces-with in built validation for real time submission and automated checks. Measures include physical scrutiny by senior officers, regular training, state/UT capacity building under the Support for Statistical Strengthening sub scheme, and improved dissemination via an Advance Release Calendar, revamped portals and API exchange. Alignment with international and national standards is reflected in adoption of the United Nations Fundamental Principles of Official Statistics, the Statistical Quality Assessment Framework, harmonised classifications, and circulation of a National MetaData Structure to enhance clarity and discoverability.
March 16, 2026
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Digital data dissemination: GoIStats app provides selected socio economic indicators on the go with standalone platform policy and feedback.
The GoIStats mobile application serves as a digital data dissemination channel providing selected socio economic indicators and visualisations from nine statistical products and 178 infographics, with ongoing dataset onboarding, active user engagement metrics and an inbuilt feedback mechanism; there is no proposal to integrate the app with other national data platforms at this stage.
March 16, 2026
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RBI intervention follows sharp rupee depreciation amid oil-driven trade pressures and foreign fund outflows to stabilise markets.
The rupee weakened to a record low against the US dollar amid high crude prices, sustained foreign portfolio outflows and a widening merchandise trade deficit; the Reserve Bank of India intervened in FX markets to stabilise the currency and limit excessive volatility, while market participants noted domestic equity recovery and imminent international monetary policy decisions as key near term influences on USD INR dynamics.
March 16, 2026
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Brand marketing strategy: Bleevo marks first anniversary, emphasizing pan-India expansion, creative talent, and integrated branding services.
Bleevo marks its first anniversary as a women-led Out-of-Home and integrated marketing agency from Chennai, focused on pan-India expansion and offering full-service branding, outdoor advertising, public relations, performance marketing, and brand experiences. The agency emphasizes a people-first approach, a young predominantly female team, and guiding clients through discovery to translate brand essence into design, strategy, and storytelling while building nationwide recall.
March 16, 2026
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Money laundering probe leads to arrest of food company promoter over alleged dairy product adulteration and forged export test reports.
Enforcement alleges the company manufactured and distributed adulterated dairy products by substituting milk fat with palm oil and other chemicals, supplied domestically and exported. Investigators allege multiple forged laboratory test reports were submitted to obtain export clearances while laboratories deny issuing them. The probe, which follows a local police complaint, targets proceeds from these activities as money laundering and has resulted in custodial remand of the company's principal for further PMLA investigative measures.
March 16, 2026
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LPG supply prioritisation and PNG conversion policy secures fuel availability while imposing sectoral allocation controls.
Gujarat expanded LPG distribution and prioritised PNG connections, directing district collectors to coordinate with city gas distribution companies to encourage LPG-to-PNG conversion and facilitate new PNG connections for domestic and commercial users, while maintaining rising buffer stocks and sectoral LPG allocation rules where PNG is unavailable.
March 16, 2026
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Digital inclusive finance recognition: WeBank's AI driven model advances accessibility and SME credit access across regions.
WeBank won four awards recognising its digital inclusive finance model and customer accessibility initiatives, retaining regional digital bank titles and adding awards for SME banking and a sign language service. The bank's AI native strategy strengthens infrastructure, toolchains, applications, governance and organisational design to integrate AI across business scenarios, deploying numerous AI applications and agents to enhance efficiency, risk management and customer experience. Its digital lending product Weiyedai and the Weilidai sign language service expand timely credit access for micro and small enterprises and provide accessible service for customers with hearing impairments.
March 16, 2026
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Trade deficit widens as merchandise exports dip and imports surge, signalling supply-chain and geopolitical risks to trade.
Merchandise exports fell marginally in February while imports rose sharply, producing a monthly trade deficit; year to date exports rose modestly but imports grew faster. The Commerce Secretary warns of expected export softness in March due to logistical disruptions from the West Asia crisis, with trade-route interruptions, notably in the Strait of Hormuz, cited as the principal constraint on outbound shipments.
March 16, 2026
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Wholesale price inflation rises driven by food and non-food articles, while retail inflation also edges upward.
Wholesale price inflation rose to 2.13% in February led by increases in food articles and manufactured products, with non-food articles spiking; fuel and power continued to record negative inflation. Retail inflation also rose to 3.2% in February, and the central bank has lowered policy rates in the current fiscal year while focusing on retail inflation for benchmark rate decisions.
March 16, 2026
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Foreign exchange stability: rupee weakened as capital outflows and reserves decline increased market pressure.
Foreign exchange stability: the rupee weakened against the US dollar as foreign portfolio outflows, higher global crude prices and volatile equity markets drove the currency to near intra day lows; exchange data showed significant FII net selling and a notable weekly decline in forex reserves reported by the central bank, highlighting interacting external and domestic drivers relevant to reserve management and market stability.
March 16, 2026
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Pre-deposit linkage: link DRC-03 payments via DRC-03A on portal to avoid duplicate pre-deposit when filing appeal.
Payments made through Form GST DRC-03 are not automatically recognised against a Demand ID for pre-deposit calculation. Taxpayers must file Form GST DRC-03A on the GST portal to map the DRC-03 payment to the relevant Demand ID so that the Electronic Liability Register reflects the adjustment and the automated pre-deposit check will not require duplicate payment when filing an appeal.
March 16, 2026
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Regulatory harmonization for medical devices drives export policy to expand global market access and manufacturing competitiveness.
Strengthening India's medical devices export ecosystem focuses on regulatory harmonization, streamlining approval processes, and coordination between industry and regulators to reduce compliance bottlenecks and facilitate exports, supported by trade policy measures to improve market access. Complementary measures include development of manufacturing clusters, expansion of testing and certification capacity, and incentives for research and development and innovation to build global brand recognition and scale high value manufacturing.
March 16, 2026
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Responsible Business Conduct: integrating ESG into corporate reporting, labour protections and insolvency frameworks for better market alignment.
The consultation advanced embedding Responsible Business Conduct and the social dimension of ESG across corporate, labour and financial frameworks by mapping national initiatives to the National Guidelines on Responsible Business Conduct, aligning SEBI's Business Responsibility and Sustainability Reporting with labour and social data, designing tiered compliance mechanisms for smaller enterprises, and exploring integration of employee wage protection and ESG considerations into insolvency and restructuring under the Insolvency And Bankruptcy Code.
March 16, 2026
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Unclaimed dividend facilitation enabling direct investor access to recovery, KYC update, and on site grievance redressal services.
Facilitation of unclaimed dividends and shares via a one stop public outreach event connecting investors directly with companies and Registrars and Transfer Agents, offering on the spot KYC updates, nomination services, and immediate assistance for pending claims to streamline grievance redressal and recovery of long held unclaimed assets.
March 16, 2026
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Smuggling of foreign-origin gold disrupted with seizures and arrests under customs enforcement, highlighting illegal melting and transport.
An enforcement operation uncovered an organised syndicate smuggling foreign-origin gold into India, transporting it by rail to illegal melting facilities where the gold was defaced to remove identifying marks before sale; seizures under the Customs Act, 1962 recovered gold, silver and currency and six persons involved in the collection, transport, melting and disposal were arrested.

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Fintech Platform Endl Secures 1.5 Million Dollar Investment to Scale Global Payment Infrastructure

February 16, 2026

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Fintech platform Endl has raised 1.5 million dollars in pre-seed funding with participation from Iterative Singapore, 500 Global, and the XRPL Accelerator by Tenity. The investment marks a significant step in the company’s mission to modernise cross border payments for businesses operating in emerging markets. The funding will support Endl’s expansion across South East Asia, the Middle East, and India, while strengthening its product capabilities and regulatory infrastructure. As global commerce becomes increasingly digital, the company is positioning itself at the intersection of traditional finance and blockchain powered payments.

Reimagining how global payments work Endl offers businesses a unified platform to manage multi currency accounts, hold and convert fiat and stablecoins, and execute international payouts with speed and transparency. In addition to its banking and settlement tools, the company also provides Endl Corporate Cards, enabling businesses to directly spend their global balances across online and offline merchants worldwide.

These cards are linked to users’ multi currency and stablecoin wallets, allowing seamless conversion at the point of transaction and giving companies greater control over international expenses, subscriptions, and operational spending. By integrating regulated banking rails, stablecoin infrastructure, and corporate spending tools, Endl is creating a complete financial operating system for modern businesses.

Unlike conventional fintech solutions that treat digital assets as add ons, Endl has built its architecture with stablecoins at the core. This allows the platform to optimise liquidity, reduce intermediaries, and deliver near real time settlements while maintaining full compliance.

Reflecting on this approach, Co Founder Ashita Batra said, “Endl empowers both Web3 and Web2 organizations with USD, EUR, CAD and GBP fiat accounts, access to compliant stablecoin payments, stablecoin to fiat cross border remittances, treasury management and yield products. Our focus has always been on giving businesses institutional grade tools without complexity.” Leadership rooted in practical innovation Endl is led by founders with deep experience in banking, payments, and financial technology.

Ashita Batra, Co Founder and Chief Executive Officer, brings a strong background in economics and digital finance. Her leadership philosophy centres on making global money movement intuitive and reliable for businesses that are often underserved by traditional banks.

Co Founder and Chief Technology Officer Tejas Arun leads the company’s technology strategy, building scalable and secure infrastructure designed for multi market operations. Under his leadership, Endl supports multiple blockchain networks while ensuring enterprise grade security and compliance.

Together, the founders share a long term vision of rebuilding global financial infrastructure around speed, transparency, and accessibility.

This thinking is echoed in a recent company post, where Endl noted, “Traditional banking was designed for a single nation and currency. Modern teams are global in scope, and Endl is moving the needle by making global business banking simpler with stablecoin efficiency and multi currency tools.” Solving a real problem in emerging markets Across many emerging economies, businesses rely on informal peer to peer exchanges to convert stablecoins. These channels are often unreliable, unregulated, and exposed to operational and fraud risks.

Endl addresses this gap by offering a compliant alternative that does not require users to understand complex blockchain mechanics. Businesses can collect payments from clients in the United States and Europe, manage funds securely, and use their Endl Corporate Cards for day to day spending, travel, and digital services, all within a regulated framework.

This integrated approach reduces dependency on fragmented financial tools and enables smoother global operations.

Accelerating growth after fundraising With the new capital, Endl plans to expand its product ecosystem, including enhancements to its corporate card program, advanced payout solutions, and deeper integrations with regulated financial partners. The company will also continue investing in compliance systems and regional partnerships to ensure sustainable growth. Its participation in programs such as 500 Global’s Sanabil Accelerator and the XRPL Accelerator by Tenity reflects strong institutional confidence in its business model and leadership.

Building the future of borderless banking Endl’s long term vision is to create a comprehensive compliant banking suite around stablecoin wallets, cross border payment rails, and global corporate cards. The objective is to give businesses in emerging markets access to the same financial capabilities as enterprises in developed economies.

By combining regulatory discipline with digital asset innovation, Endl is shaping a new model of business banking, one where speed, security, and accessibility coexist. As cross border commerce continues to accelerate, Endl is positioning itself not just as a payments provider, but as a foundational partner for businesses navigating the digital economy.

(Disclaimer: The above press release comes to you under an arrangement with NRDPL and PTI takes no editorial responsibility for the same.). PTI PWR

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