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    Exports dip marginally to USD 36.61 billion in February
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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.
March 15, 2026
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Strait of Hormuz access disrupted, prompting multinational responses and elevated risks to regional shipping and energy flows.
A civilian freight convoy returning from Afghanistan to Turkey was struck near Zanjan in northwest Iran, killing a Turkish truck driver and leaving his vehicle shredded by shrapnel with a large crater at the site. Concurrent regional developments include restrictions on Strait of Hormuz access for certain states, discussion of strikes on energy infrastructure, a planned phased partial shutdown by a major aluminum producer due to blocked exports, and humanitarian and ordnance-clearance responses to civilian impacts.
March 15, 2026
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Domestic gas priority may limit commercial hotel supplies; government seeks balanced approach to prevent operational disruptions.
The central advisory mandates uninterrupted household PNG and CNG supply and has led to regulated reductions in industrial and commercial gas deliveries, with commercial LPG allocated to states for priority distribution; Maharashtra will review hotel sector concerns and seek a balanced approach to protect domestic consumers while addressing commercial supply hardships.
March 15, 2026
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Maritime safety: Indian-flagged tanker sailed from UAE after terminal attack, ensuring crew safety and fuel supply continuity.
An Indian-flagged crude tanker departed Fujairah safely after an attack on the oil terminal, with all crew reported safe. The Directorate General of Shipping has activated a control room to monitor vessel movements, handle communications, facilitate repatriation and coordinate with ship owners, RPSL agencies, Indian Missions and central ministries to ensure maritime safety, seafarer welfare and continuity of fuel supplies amid disruptions to Gulf shipping routes.
March 15, 2026
Show AI Summary
Piped gas priority: consumers with PNG must surrender domestic LPG connections, suppliers barred from providing refills.
The Ministry amended the LPG (Regulation of Supply and Distribution) Order to require consumers with PNG connections to surrender domestic LPG connections and forbade Government oil companies and distributors from providing domestic LPG connections or refills to consumers who already own PNG, while PNGRB instructed CGD companies to prioritise and accelerate domestic PNG rollout, deployment, permissions, and last-mile connectivity to reduce pressure on LPG supplies.
March 14, 2026
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Energy security measures bolster fuel supply and exporter support amid West Asia supply disruptions with insurance cover and diversified imports.
The government has increased kerosene production as an alternative cooking fuel, diversified LPG/LNG and crude import sources to mitigate shipping-route disruptions, and maintained sufficient fuel stocks. The Commerce Ministry is engaging stakeholders through a 24-hour helpline and developing schemes that provide insurance cover for export cargo damaged, lost or delayed due to maritime disruptions, with a forthcoming concrete action agenda to support exporters.
March 14, 2026
Show AI Summary
Advance tax e campaign alerts: taxpayers told to ignore inaccurate emails and verify transactions on the Compliance Portal.
The tax authority advised taxpayers to ignore recent email alerts about significant transactions from the Advance Tax e Campaign because some messages contained inaccurate transaction details; it is coordinating with its service provider to resolve the issue and directed taxpayers to verify details using the e Campaign tab on the Compliance Portal via the e Filing portal to ensure appropriate advance tax compliance.
March 14, 2026
Show AI Summary
Attack on critical port infrastructure declared legitimate targets, prompting evacuation warnings and heightened risks to energy transit.
Iran threatened strikes on UAE ports, urging evacuation of Jebel Ali, Khalifa and Fujairah after alleging US forces operate from those civilian facilities and thereby designating them legitimate targets; the warning accompanies ongoing missile and drone exchanges, reported damage to Iran's Kharg Island oil export terminal and disruption of the Strait of Hormuz, while the UAE detained foreigners for posting alleged war-related disinformation.
March 14, 2026
Show AI Summary
Exhibition centres to be established to boost industry and exports, providing platforms for product showcases and value-added agriculture.
The Punjab government will establish three world-class exhibition centres at Ludhiana, New Chandigarh and Amritsar to give industry dedicated venues to showcase products, boost commerce, attract investment and support export-oriented growth as part of a wider strategy to expand food processing, encourage agricultural diversification, and increase farmer incomes through value addition.
March 14, 2026
Show AI Summary
Production Linked Incentive Scheme drives domestic manufacture of a critical antibiotic intermediate to reduce import dependence and boost supply resilience.
The project establishes domestic manufacture of the critical antibiotic intermediate Amino Cephalosporanic Acid (ACA) in Kathua, financed under the Production Linked Incentive Scheme with public facilitation, aiming to reduce import dependence, strengthen pharmaceutical supply resilience, generate local employment, and align with the Biopharma Shakti policy to expand national biopharmaceutical capacity.
March 14, 2026
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Police appointments: state upgrades and reassigns senior intelligence and economic offences officers, creating additional charges for related posts.
The state government upgraded and appointed B Bala Naga Devi from Additional DGP, Intelligence to DGP, Intelligence, while assigning additional charge to Santosh Kumar as Additional DGP, Economic Offences Wing and to Rupesh Kumar Meena as Additional DGP, Civil Supplies CID to maintain leadership continuity across those divisions.
March 14, 2026
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Industry support pledged to strengthen domestic manufacturing and reduce reliance on imports, with state backing for exporters.
Commitment to state-led industry support in Punjab to promote domestic manufacturing, reduce dependence on imported consumer goods, provide required environment and resources to enable local manufacturers to compete with foreign suppliers and begin exporting, and remove government interference to restore regional industrial competitiveness.
March 14, 2026
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Electricity tariff reduction sought to offset rising production costs amid fuel supply disruption and request for repayment moratorium.
Industrial associations in Chhatrapati Sambhajinagar formally sought a reduction in electricity tariffs to alleviate rising production costs from disrupted fuel supplies, alongside a moratorium on loan repayments and expedited permits for alternative fuels; these demands were compiled after an administrative request and presented to the State Industries Minister, who acknowledged limited gas stocks but urged continued operations.

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Focus on rural growth, Haryana budget proposes 'Agri Discom'; 20 pc reservation for Agniveers in state police

March 2, 2026

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Chandigarh, Mar 2 (PTI) Haryana Chief Minister Nayab Singh Saini on Monday presented the budget for 2026-27 with an outlay of Rs 2.23 lakh crore, with several initiatives including a new electricity distribution company for the agriculture sector, a Rs 100 crore green climate resilience fund and 20 per cent reservation for Agniveers in the state police force.

A slew of announcements have also been made in the budget for women.

Saini also announced setting up of 'Adarsh Pariksha Kendra' on a public-private partnership model, Anti-Terrorist Squad (ATS) under IG rank police officer, 'Wedding City' each in Gurugram, Kharkhoda and Pinjore on the concept of 'Wed in India', a modern film city at Pinjore, besides stating that Rajiv Gandhi Sports Complex, Daulatabad, will be upgraded to the state's first 'Para Sports Stadium'.

Sporting a saffron turban, Saini said 5,000 suggestions were received from various quarters, and these have been incorporated in the budget, which he described as "people's budget".

Haryana remains committed to serving as an uninterrupted and tireless engine of development in the journey towards fulfilment of Prime Minister Narendra Modi's vision of 'Viksit Bharat' @ 2047, he said.

"Therefore, we have set an ambitious goal of transforming Haryana into a one trillion-dollar economy by the year 2047," Saini said.

This will be for the first time in the state's history that 98 per cent of the total budget has been spent, Saini said referring to the current fiscal. Describing the state budget as the "non-stop government's" 12th budget, Saini said his government has fulfilled 60 out of 217 promises made in his party's poll manifesto.

Reacting to the budget, Leader of Opposition and Congress leader Bhupinder Singh Hooda said, "This is not a budget, just rhetoric, containing no reality." Sharing details of the budget proposals, the chief minister announced a capital expenditure of Rs 28,205 crore for 2026-27, which is 12.6 per cent of the total allocation.

Saini presented a tax-free budget, which envisages an outlay of Rs 2,23,658.17 crore for the year 2026-27, which is 10.28 per cent higher than the revised estimates of Rs 2,02,816.66 crore for the year 2025-26.

The state debt is projected at Rs 3.91 lakh crore in 2026-27 against Rs 3.51 lakh crore in 2025-26 (revised estimates). Salary and pension expenditure is estimated at Rs 52,419 crore in 2026-27 as against Rs 47,549 crore in 2025-26 (revised estimates).

Inspired by the spirit of sacrifice that emerged from the successful celebrations of "Veer Bal Diwas" last December, Saini said and proposed a "Veer Bal Memorial Initiative Scheme" at a cost of Rs 6 crore.

In case of accidental death of a student, Rs 5 lakh will be given to the family, and in case of disability, Rs 3 lakh will be given, Saini said.

In this budget, the fiscal deficit is estimated at Rs 40,293.17 crore, which is 2.65 per cent of GDP. The revenue deficit is 0.87 per cent, the effective revenue deficit is 0.41 per cent, capital expenditure stands at 1.86 per cent, and effective capital expenditure at 2.32 per cent, said Saini, who also holds the finance portfolio.

Haryana's per capita income in 2025-26 is estimated at Rs 3,95,618. This represents a 2.7-fold increase in the state's per capita income over the last 11 years, he said.

In his over three-hour-long budget address, Saini announced a 20 per cent reservation in recruitment to various posts in Haryana Police for 'Agniveers' returning after service in the Indian Army.

"To strengthen the state's disaster preparedness, I propose the formation of the Haryana State Disaster Response Force comprising 1,149 personnel. Maximum participation of Agniveers will be ensured in it," he said.

Saini also informed the House that the government of India has recently strengthened MGNREGA by launching it as the Viksit Bharat Guarantee for Rozgar and Ajeevika Mission (Gramin) (VBG RAM G).

“ I have made a provision of Rs 610 crore for 125 days of wage-based employment guarantee annually to every rural family in Haryana,” he said.

Among new proposals, the budget proposed setting up a 'Haryana Agri Discom' - a third power distribution company aimed to ensure faster release of connections and reliable and uninterrupted electricity supply for farmers.

"This will serve all 5,084 agricultural feeders and 7.12 lakh agricultural consumers across Haryana. This initiative will ensure uninterrupted power supply to every farm and significantly accelerate services, from providing new tubewell connections to replacement of faulty transformers," he said.

This initiative will prove to be a milestone in enhancing farmers' income, he noted.

Saini proposed that, from the upcoming fiscal year, discussion of six new works will be made mandatory in every Gram Sabha meeting. These works will cover village drinking water supply, wastewater management, review of drug addiction in the village; among other things.

He also announced introducing major overhaul for primary agricultural credit societies (PACS) and said a target has been set to bring at least 300 loss making PACS into profit in 2026-27.

Under the state's flagship Deen Dayal Lado Lakshmi Yojana, in which eligible women aged 23 years and above get a monthly assistance of Rs 2,100, Saini proposed that on the occasion of Deen Dayal Upadhyaya's 110th birth anniversary in September, the state government will will increase the eligibility annual income limit under this scheme to Rs 1.80 lakh (from Rs 1 lakh).

"Therefore, this time, I have proposed Rs 6,500 crore for this scheme," he said announcing increased outlay for the scheme, which was Rs 5,000 crore in FY 2025-26.

The chief minister also proposed the setting up of the 'Haryana Green Climate Resilience Fund' with an initial provision of Rs 100 crore which is in line with the goal of net-zero emissions by 2070.

This fund will accelerate investments in zero-emission vehicles, renewable energy, energy efficiency, water conservation, urban greening, climate-resilient agriculture, and nature-based solutions across the state.

By upgrading Rajiv Gandhi Sports Complex, Daulatabad, the state's first para sports stadium, equipped with international-level facilities, will be established, where sports infrastructure suited to their special needs will be made available for training, Saini said.

In collaboration with the Department of Future and Higher Education, an Autonomous AI and Digital College will be started.

Saini also proposed setting up 'Adarsh Pariksha Kendra' in every assembly constituency under a public-private partnership (PPP) model.

On the agriculture front, Saini proposed to provide an additional bonus of Rs 2,000 per acre to such farmers who choose to cultivate pulses, oilseeds, and cotton in place of paddy.

He also said biomass power projects based on paddy straw, with capacities ranging from 9.9 MW to 25 MW and totalling 200 MW, will be established in 13 districts.

Under the Mukhyamantri Bagwani Bima Yojana, Saini proposed to increase compensation for fruit crop damage due to natural disasters from Rs 40,000 per acre to Rs 50,000 per acre, and for vegetables and spices from Rs 30,000 per acre to Rs 40,000 per acre.

In another new initiative, Saini proposed to set up one 'Wedding City' each at Gurugram and Kharkhoda by HSIIDC, and at Pinjore by the tourism department, advancing Prime Minister Narendra Modi's vision of "Wed in India." These will function on the concept of 'Sagaai se Vidaai', thereby promoting "Vocal for Local" and generating numerous new employment opportunities, he said.

To accelerate the pace of making women 'Lakhpati Didi', a Pink Cab scheme will be launched under which women will be given driving training and provided interest-free loans up to Rs 10 lakh for the purchase of electric vehicles.

A rebate of 1 per cent in motor vehicle tax will be provided for non-transport vehicles registered in the name of women.

A daily yoga break will be introduced for employees in all industrial units in the state.

On the police front, Saini announced that to effectively deal with and prevent terrorist activities, a Anti Terrorist Squad (ATS) will be constituted under an officer of the rank of Inspector General of Police.

Twenty-one new sports stadiums will be constructed in Kaithal, Jhajjar, Charkhi Dadri, Gurugram, Kurukshetra, Jind, Rohtak, Faridabad, Yamunanagar, Sonipat, Fatehabad, and Palwal, he said. PTI SUN CHS VSD MR

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