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    Trump's tariffs hurting American manufacturers instead of helping them
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    Indian vessel 'Jag Laadki' carrying over 80,000 MT crude oil reaches Gujarat's Mundra Port
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March 18, 2026
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Tariff policy uncertainty driving higher input costs and deterring investment, worsening supply chain disruptions for manufacturers.
Tariff measures enacted and announced by the executive have raised input costs for many US manufacturers, producing supply chain disruption, higher downstream prices, and employment contraction among small and medium producers. Uncertainty from frequent proclamations, reversals, exemptions and litigation has deterred capital investment and relocation decisions. While some construction and sectoral gains are cited by the administration, those reflect earlier subsidy driven projects rather than a broad manufacturing revival attributable to tariffs, and stakeholders call for targeted relief and clearer, coordinated trade strategies.
March 18, 2026
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Digital data collection for national surveys streamlines submission and reduces processing time via CAPI and AI tools.
Modernisation of NSS data collection uses CAPI and web applications with in-built validation, bilingual interfaces, and chatbot features to enable near real-time submission, supervisory digital monitoring, and reduced processing time for survey outputs; MoSPI publishes an Advance Release Calendar for report schedules and is integrating AI into portals and a website chatbot without a fixed full-implementation timeline.
March 18, 2026
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Cluster rejuvenation for export competitiveness: integrated infrastructure, MSME centric reforms and industry led governance drive implementation.
Rejuvenation of export oriented industrial clusters requires integrated infrastructure upgradation, technology adoption, capacity building and strengthened domestic manufacturing. Emphasis on enhanced testing, certification and quality infrastructure, promotion of innovation and technology commercialisation, and sustainable financing models. MSMEs are central, needing improved access to finance, capability enhancement and integration into global value chains. Implementation should adopt industry led governance via Special Purpose Vehicles, cluster level facilitation systems, regulatory simplification, and greater state and district flexibility to translate policy into actionable, demand aligned interventions.
March 18, 2026
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Energy security: port maritime coordination ensured safe crude handling to sustain imports despite regional supply-route disruptions.
Arrival of tanker Jag Laadki at Mundra Port demonstrates the port operator's role in ensuring safe berthing and maritime coordination to maintain crude import handling amid regional hostilities. The event highlights legal-regulatory implications for port responsibilities in maritime safety and security, the impact of Strait of Hormuz disruptions on India's import-dependent energy supply, and the consequent need for sourcing diversification and resilient port governance to uphold refinery feedstock continuity.
March 18, 2026
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NBFC registration permits deposit-taking and consumer EMI lending after KYC and instant credit limit approval.
Bajaj Finance Limited is a registered NBFC-D and classified as an NBFC-ICC, authorised to lend and accept deposits. It markets the Bajaj Finserv Easy EMI Loan to convert retail appliance purchases into monthly instalments: customers complete basic KYC (mobile number and PAN), receive an instant approved limit, and finalise EMI tenure and paperwork at partner stores. Promotional terms such as zero down payment and cashback vary by store and offers, and standard disclaimers apply.
March 18, 2026
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Trade surplus driven by export growth offsets rising import costs as tariffs and energy shocks shape trade dynamics.
Japan swung to a February trade surplus as stronger-than-expected export growth, supported by Europe and other Asian markets and aided by currency depreciation, offset rising import costs driven by higher energy prices and geopolitical tensions; shipments to China and the US fell, with auto exports hit by US tariffs, while markets watch central bank policy and impending bilateral talks that may affect trade dynamics.
March 17, 2026
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Domestic LPG production increased to secure household cooking fuel supplies amid supply-route disruptions and import risks.
Domestic LPG production has been increased by diverting propane, butane, propylene and butane streams from refineries and petrochemical complexes into the LPG pool, raising domestic capacity by about twenty-five percent and allocating the full increment to domestic consumers to ensure steady household cooking gas supplies amid Strait of Hormuz-related supply risks; fertiliser stocks are adequate for Kharif and global bidding for Rabi nutrient imports will commence.
March 17, 2026
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Women representation in startups highlighted as government schemes channel targeted funding and guarantees to women-led ventures.
Women representation in DPIIT recognised startups is quantified alongside MCA corporate status data identifying closed entities with female participation. Government support schemes-FFS, SISFS, and CGSS-are described with scheme mechanics, cumulative amounts channelled through AIFs, incubators, and guarantee arrangements, and specified allocations reported to women led startups. Scheme selection counts and corresponding numbers of supported startups later categorized as closed are tabulated, while State/UT and year wise annexures detail recognised and closed entities with at least one woman director/partner.
March 17, 2026
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Disclosure of deceased account details: call for policy to enable legal heirs to access information on unclaimed accounts.
The Supreme Court queried the Centre and the Reserve Bank of India on why details of deceased persons' bank accounts cannot be disclosed to legal heirs and directed the government to devise a policy. A PIL seeks a mechanism to inform heirs about unclaimed deposits and creation of a Centralised and Searchable Database under RBI control to trace accounts; the petition also asks for procedures to minimise litigation and notes the Depositor Education and Awareness Fund as a source for refunding genuine heirs.
March 17, 2026
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Focused sourcing platform connects verified international buyers with export-ready manufacturers for streamlined finished-plastics trade.
PlastiWorld 2026 is a dedicated sourcing platform for finished plastic products that connects verified international buyers with India's export-ready manufacturers by excluding upstream suppliers and employing category-wise product zoning to streamline supplier discovery, enable targeted comparisons within product segments, and enhance trade engagement to support export growth.
March 17, 2026
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CSR compliance obligations: statutory penalties apply for company and officer defaults, enforcement follows Companies Act procedures.
The statutory CSR regime obliges certain profitable companies to allocate prescribed portions of profit to CSR; boards decide amounts and projects, and both companies and officers in default face penalties under the Companies Act and CSR Rules. Enforcement is initiated after examination and due process upon reported violations, and while the ministry may request companies to undertake projects in particular states, directing board spending raises legal limits.
March 17, 2026
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Capacity building for SDG monitoring and environmental and gender statistics to enhance evidence-based policymaking and accounting.
Capacity-building workshop to strengthen monitoring frameworks for Sustainable Development Goals, Environment Accounts, and Gender Statistics by aligning national and state indicator frameworks, enhancing use of SDG data for evidence-based policymaking, building institutional capacities for gender-responsive governance through improved gender statistics, and operationalising the System of Environmental-Economic Accounting with methods for valuing forest services, biodiversity, and ecosystem services.
March 17, 2026
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Indian Sign Language access required to ensure communication and inclusive financial services for persons with hearing and speech impairments.
The Department of Financial Services directs financial institutions to facilitate communication with persons with hearing and speech impairments by adopting Indian Sign Language and technology-enabled tools, including AI, and to use volunteers for sign language interpretation while training frontline staff to assist customers using sign language.
March 17, 2026
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Digital lending regulation tightens app vetting and reporting mechanisms to curb fraudulent loan apps nationwide.
Digital lending regulation is reinforced via RBI guidelines requiring Regulated Entities to comply, with supervisory checks and possible enforcement for non-compliance. RBI operates a Digital Lending Apps (DLA) directory for consumer verification. MeitY can block fraudulent apps under the IT framework, intermediaries must implement technology-driven vetting to curb malicious advertisements, and national cybercrime reporting and helpline channels enable public reporting. States lead investigation and prosecution, supported by central advisories, capacity-building and public awareness efforts.
March 17, 2026
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Priority sector lending targets and Kisan Credit Card expansion improve institutional credit access for agriculture and allied sectors.
Ground Level Credit targets are set annually by region, agency and loan category with dedicated allied activity targets; Priority Sector Lending mandates a specified allocation of Adjusted Net Bank Credit to agriculture including a sub target for Small and Marginal Farmers, supported by district incentive/dis incentive measures; Kisan Credit Card coverage and the Modified Interest Subvention Scheme provide concessional short term finance with prompt repayment incentives; collateral free short term loan limits were raised; NABARD prepares district Potential Linked Credit Plans and extends short and long term refinance and concessional support to rural financial institutions and targeted subsectors.
March 17, 2026
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Currency depreciation pressures foreign exchange stability and may prompt central bank intervention to stabilise markets.
Sharp currency depreciation against the US dollar, driven by rising crude prices and continued foreign institutional investor outflows, has tightened external balances and coincided with rising wholesale inflation. The central bank may deploy market-stabilising tools-including forex intervention and reserve management-while monitoring international monetary policy and domestic macro indicators to calibrate responses and guide short-term USD-INR trading ranges.
March 17, 2026
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Priority handling of incoming LPG vessels mandated to ensure expedited, safe ship-to-ship transfers and uninterrupted domestic fuel supply.
Ministry directive mandates priority handling of incoming LPG vessels at Vadinar, requiring expedited ship-to-ship transfers to daughter vessels and strict adherence to safety protocols. Vadinar port authority must ensure maximum operational efficiency, rigorous multi-agency monitoring, and elimination of procedural bottlenecks so transfers and subsequent discharges at eastern ports are completed as expeditiously as possible.
March 17, 2026
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Power tariff stability with ToD concessions and storage-driven renewable integration to meet industrial and data centre demand.
Maharashtra maintains a stable tariff regime while revising the Time-of-Day (ToD) tariff to align with solar generation-offering daytime concessions-and plans further tariff reductions to support industry and data centre growth. The policy pairs renewable targets (52% by 2030; 65% by 2035) with large-scale battery and pumped storage investments to ensure grid stability and round-the-clock cheaper power, and notes regulatory procurement estimate corrections that avoided potential financial stress.
March 17, 2026
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Digital credit access expanded through personalised cards, instant credit to loan conversion, EMI options and fraud protection.
AU Small Finance Bank expands digital, personalised consumer credit through a diversified credit card portfolio including a fully customisable card, co branded professional cards, upgrade pathways without fees, instant paperless conversion of credit limits into personal loans, and EMI conversion of purchases supported by digital tools, instant card controls, and zero liability protection to promote responsible, technology enabled access for young and first generation credit users.
March 17, 2026
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Cross border payments compliance improved: one day USD to INR settlement with transparent FX pricing and automated remittance documentation.
ECL Flow is a cross border payments platform for AI and SaaS companies that provides one business day USD to INR settlement, transparent foreign exchange pricing, automated compliance documentation including foreign inward remittance certificates, and real time payment tracking to reduce delays, clarify FX costs, and improve cash flow predictability for payroll and vendor payments.

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Customs & Trade

No change in trade deal with India; it is on: Trump after SC verdict

February 21, 2026

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New York/Washington, Feb 20 (PTI) In the wake of the US Supreme Court’s decision on tariffs, President Donald Trump said there is no change in the trade deal with India and emphasised that the “India deal is on". “I think my relationship with India is fantastic and we're doing trade with India. India pulled out of Russia. India was getting its oil from Russia. And they pulled way back at my request, because we want to settle that horrible war where 25,000 people are dying every month,” Trump said at a news conference Friday in the White House hours after the US Supreme Court verdict striking down his sweeping tariffs.

He said his relationship with Prime Minister Narendra Modi “is, I would say, great.” Trump then went on to repeat the claim that he stopped the war between India and Pakistan last summer using tariffs.

“I also stopped the war between India and Pakistan. As you know, there were 10 planes were shot down. That war was going and probably going nuclear. And just yesterday, the Prime Minister of Pakistan said President Trump saved 35 million lives by getting them to stop,” Trump said.

“And I did it largely with tariffs. I said, ‘Look, you're going to fight, that's fine, but you're not going to do business with the United States, and you're going to pay a 200 per cent tariff, each country’. And they called up and they said, ‘we have made peace’,” Trump said.

Earlier this month, as the US and India announced they reached a framework for an Interim Agreement on trade, Trump issued an Executive Order removing the 25 per cent punitive tariffs imposed on India for its purchases of Russian oil, with the US President noting the “commitment” by New Delhi to stop directly or indirectly importing energy from Moscow and purchase American energy products.

Under the trade deal, Washington will charge a reduced reciprocal tariff on New Delhi, lowering it from 25 per cent to 18 per cent.

When asked about the deal with India, Trump said “nothing changes”.

“Nothing changes. They'll be paying tariffs, and we will not be paying tariffs. So deal with India is they pay tariffs. This is a reversal for what it used to be, as you know, India and I think Prime Minister Modi is a great gentleman, a great man, actually, but he was much smarter than the people that he was against in terms of the United States, he was ripping us off. So we made a deal with India. It's a fair deal now, and we are not paying tariffs to them, and they are paying tariffs. We did a little flip,” Trump said.

“The India deal is on…all the deals are on, we're just going to do it” in a different way.

Earlier, Trump said he used tariffs to end the war between India and Pakistan, as he lashed out at the Supreme Court for its decision to strike down his sweeping tariffs imposed on countries around the world.

“Tariffs have likewise been used to end five of the eight wars that I settled. I settled eight wars, whether you like it or not, including India, Pakistan, big ones, nuclear, could have been nuclear,” Trump said during a news conference Friday just hours after the Supreme Court verdict.

“Prime Minister of Pakistan said yesterday at the great meeting that we had the peace board. He said yesterday that President Trump could have saved 35 million lives by getting us to stop fighting. They were getting ready to do some bad things. But they've given us great national security, these tariffs have,” he said. PTI YAS MNK MNK

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