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    Regarding the reimbursement of the amount equivalent to the State Goods and Services Tax (SGST) payable for the exhibition of the film "Shatak – 100...
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March 7, 2026
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SGST reimbursement for film exhibition approved subject to print week limits, ticket price restrictions, and treasury deposit compliance.
Reimbursement of the State Goods and Services Tax (SGST) equivalent for the film is approved subject to conditions: no increase in prevailing entry fees or changes to seating-class capacities; a statewide cumulative print week ceiling limiting the product of prints and weeks and an overall exhibition duration cap of three months; ticket sales must reflect reduction of the SGST component during the notified period; and multiplex/cinema owners must deposit the SGST amount into the treasury following the prescribed procedure.
March 7, 2026
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Free Trade Agreements expansion broadens market access and mobility, protecting sensitive sectors while promoting exports and investment.
India has expanded its network of Free Trade Agreements, implementing bilateral and plurilateral instruments that broaden preferential market access for agriculture, exporters of garments, leather and handicrafts, AYUSH and organic products, and digital services, while introducing mobility and post-study work pathways and measures to catalyse investment; negotiations are described as balancing market access with protections for sensitive sectors and domestic industry to align trade expansion with national self-reliance and economic transformation.
March 7, 2026
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Permission to import Russian-origin oil as a short-term supply waiver allows select deliveries to Indian ports under strict conditions.
The Treasury issued a time-limited authorization allowing sale, delivery and offloading in India of Russian-origin crude oil and petroleum products loaded on vessels on or before March 5, 2026, authorised through April 4, 2026, provided delivery/offloading occurs at an Indian port and the purchaser is an entity organised under Indian law; the general license is narrowly limited to those transactions and does not authorise other transactions prohibited by separate Executive orders or the Iranian Transactions and Sanctions Regulations.
March 7, 2026
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Labor market weakness deepens as employers cut jobs and unemployment rises, complicating monetary policy choices.
Significant net job losses and a rising unemployment rate signal renewed strain in the labour market: employers cut 92,000 jobs in February, pushing the unemployment rate to 4.4 percent and reversing January's stronger payroll gain. Job losses were broad-based across healthcare, restaurants and bars, construction, manufacturing, administrative support, and courier services, while average hourly wages increased modestly year over year.
March 6, 2026
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Free Trade Agreement delivery shifts to implementation, emphasising tariff liberalisation, procurement access and parliamentary ratification.
The Government has shifted focus to operationalising the India-UK Comprehensive Economic and Trade Agreement (CETA), advancing entry-into-force and parliamentary ratification while highlighting tariff liberalisation for UK exports and exclusive access to India's federal procurement market; peers urged attention to implementation mechanics, services and investment gaps, SME support, and comparative analysis with other India agreements.
March 6, 2026
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Supplementary demands for grants approved to enable presentation of upcoming budget estimates and statutory audit reports in the legislature.
The state cabinet approved the presentation of supplementary demands for grants for the current year and the forthcoming year's budget estimates, and authorized laying the Comptroller and Auditor General's audit reports along with the government's Finance and Appropriation Accounts in the legislature, constituting executive clearance for budget supplementation, upcoming fiscal planning, and statutory audit disclosure.
March 6, 2026
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Electricity tariff revision reduces consumer rates while preserving utility financial viability and promoting EV charging affordability.
The Punjab State Electricity Regulatory Commission's 2026-27 tariff order reduces energy and fixed charges across domestic, commercial and industrial categories while maintaining PSPCL's financial viability; it preserves a 300-unit-per-month free domestic entitlement, lowers per-unit and fixed charges for specified load and consumption bands, reclassifies lawyers' chambers to domestic tariff treatment, and sets a low tariff for electric vehicle charging to encourage clean mobility.
March 6, 2026
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Money laundering: Discharge sought after predicate offence closure; enforcement agency ordered to respond to the challenge.
A public representative has moved a discharge application under money laundering law, arguing no money laundering offence is made out because the predicate offence has been closed. The Enforcement Directorate's prosecution follows an FIR alleging that a cooperative bank, after taking possession under SARFAESI, conducted an allegedly undervalued auction of a sugar mill asset based on a questionable valuation and disputed bidder disqualifications, and the court has directed the agency to respond to discharge applications.
March 6, 2026
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Exchange rate risk may rise from prolonged Middle East crisis, potentially stoking inflation and straining energy dependent sectors.
Prolonged Middle East escalation can transmit higher energy prices into the domestic economy, creating exchange rate pressure and inflationary impulses via shipping disruptions and damage to regional energy infrastructure; subdued capital flows and a flight-to-safety may aggravate currency weakness, while energy dependent sectors like fertilisers and petrochemicals face vulnerability. Offsetting these risks are ample foreign exchange reserves, a low current account deficit in H1 FY26, still-moderate inflation, strong GDP momentum, and policy measures-including trade diversification and Budget 2026-27 fiscal-capex initiatives-expected to strengthen external resilience.
March 6, 2026
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Rupee depreciation risks persist as energy-driven pressures and fund outflows may prompt central bank intervention.
Rupee depreciation to 91.82 was driven by rising crude prices, Middle East geopolitical tensions, foreign fund outflows and weak domestic equities; the US allowance for limited Russian oil purchases provided temporary relief. Rating commentary highlighted risks of higher inflation and a wider current account deficit if energy prices remain elevated. Analysts signalled that sustained oil-price spikes could compel stronger central bank intervention in spot and offshore non-deliverable forward markets to contain volatility.
March 6, 2026
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OFAC waiver for stranded Russian oil permits deliveries to Indian entities but legal clarity on dealings with sanctioned entities is sought.
A US Treasury licence allows delivery, sale and offloading of Russian-origin crude and petroleum products loaded before March 5, 2026, to purchasers organised under Indian law until April 4, 2026; it permits purchases of cargoes stranded at sea, including on sanctioned vessels, but is silent on whether transactions with sanctioned entities are allowed, prompting Indian refiners to seek legal opinion while acquiring mainly non sanctioned cargoes to rebuild inventories amid regional supply disruptions.
March 6, 2026
Show AI Summary
Inclusive public procurement expands market access for startups, women entrepreneurs and MSEs through digital storefronts and capacity building.
SWAYATT expands direct access of startups, women entrepreneurs, youth, MSEs and SHGs to public procurement via GeM by using digital infrastructure, dedicated storefronts, capacity building and ecosystem partnerships to reduce market entry barriers, improve discoverability among government buyers and promote transparent transactions; GeM reports sustained increases in participation and order volumes for these seller segments over the seven-year period, attributing growth to platform-driven inclusivity, outreach and targeted support measures.
March 6, 2026
Show AI Summary
Energy security through alternative fuels faces entrenched petroleum resistance, challenging policy efforts to transition transport to greener fuels.
The article identifies resistance from petroleum interests as a primary obstacle to achieving Energy Security by promoting non-polluting indigenous fuels, compressed bio-gas and other alternative fuels. It describes government commitments to make the transport ecosystem smart, safe and sustainable by 2030 through support for technology, market entry and rural economic benefits, while warning that vested commercial interests may impede regulatory deployment and market scaling of green fuels.
March 6, 2026
Show AI Summary
Token presale utility signals promising demand and positions traders ahead of listing, subject to investor risk disclosures.
The commentary promotes DeepSnitch AI's token presale as a superior speculative opportunity based on live on chain utilities (Feed, Scan, Cast GPT, Audit, Explorer), a small cap and presale pricing with a 300% bonus ahead of a March 31 launch. It contrasts DeepSnitch's live product driven demand with ONDO's RWA tokenization fundamentals and Kaspa's PoW architecture, stresses a limited window to access the presale before listings, and includes a risk disclaimer urging independent financial advice.
March 6, 2026
Show AI Summary
Foreign exchange reserves rise as central bank reports gains across foreign currency assets, gold, SDRs and IMF reserve position.
The central bank's weekly reserves report records an increase in foreign exchange reserves driven by growth in foreign currency assets, a rise in gold reserves, a marginal uptick in Special Drawing Rights, and an improved reserve position with the IMF, with part of the foreign currency assets movement attributable to valuation effects from non US currencies.
March 6, 2026
Show AI Summary
Emergency powers under Essential Commodities Act direct refiners to prioritise LPG production for domestic household cooking supply.
Government, exercising emergency powers under the Essential Commodities Act, ordered all refiners to maximise utilisation of propane and butane streams for LPG production, to supply that LPG only to three public sector oil marketing companies for sale to domestic households for cooking, and prohibited diversion of those streams to petrochemical manufacture, with penal consequences for contravention.
March 6, 2026
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RBI co-lending framework enables joint gold loans with lead originator handling sourcing and servicing, and shared underwriting oversight.
A co-lending arrangement under the Reserve Bank of India's co-lending framework establishes a participation-based funding structure where the NBFC leads loan sourcing, onboarding, KYC, gold valuation, collections and servicing, while credit assessment and sanctioning occur under a mutually agreed credit framework; risks and rewards are shared in line with regulatory guidance and structured governance, compliance oversight and joint portfolio monitoring are implemented to ensure transparency and prudent portfolio management.
March 6, 2026
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Export support measures to mitigate shipping disruptions and enable exporters to manage surcharges, insurance and contractual risks.
Government will use coordinated policy tools and the export promotion machinery, via an inter ministerial group, to engage shipping stakeholders and mitigate elevated freight rates, war risk surcharges and insurance premiums affecting exporters. Measures under consideration include fiscal and credit support, restraint on insurance premium increases, waivers of port charges where cargo is rolled, and customs and central bank facilitation for returning, redirecting or diverting in transit cargo; exporters also seek formal recognition of disruption as a force majeure type event to prevent contractual penalties.
March 6, 2026
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Education as a service can broaden India's export reach by internationalising higher education and promoting dual degrees.
Education as a service is presented as a strategic export sector enabled by the National Education Policy, which permits international campuses, dual degree arrangements and cross-border student exchanges. The document advocates modular dual-degree models, curriculum updates incorporating international trade and emerging technologies, faculty retraining, and infrastructure upgrades to retain outbound students and attract inbound students. It calls for coordinated action among government, academia and industry to operationalise internationalisation, expand student mobility and strengthen the global competitiveness of Indian higher education institutions.
March 6, 2026
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RBI intervention may cap currency depreciation amid energy-driven pressure on the rupee and balance of payments.
Rupee depreciation pressures from higher crude prices and capital outflows led to an intraday decline, with indications of RBI intervention in spot and offshore NDF markets to curb volatility; a temporary external allowance for refiners eased immediate supply stress, while analysts warn that persistent energy shocks could raise inflation, widen the current account deficit and complicate monetary and fiscal management.

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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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