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    CCI Organises 11th Edition of National Conference on Economics of Competition Law
    The cumulative exports (merchandise & services) during April-February 2025-26 is estimated at US$ 790.86 Billion, as compared to US$ 747.58 Billion in...
    Rupee gains 2 paise to 92.28 against US dollar
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    Telangana's GSDP for 2025-26 stands at Rs 17.82 lakh cr: Governor Shiv Pratap Shukla
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March 17, 2026
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Competition law: adapt enforcement and regulation for digital markets and AI to prevent ecosystem entrenchment and ensure interoperability.
The Conference emphasised the central role of competition law and economics in preventing concentration and exclusion, identifying four institutional pillars-contestability, information symmetry, non discriminatory infrastructure access, and independent enforcement-and called for adaptation of the competition toolkit for digital markets and AI to prevent ecosystem entrenchment and ensure data portability and interoperability. It noted regulatory steps including operationalising 2023 amendments, a revised cost of production regulation for predatory pricing, a proactive approach to combinations, use of a settlement mechanism, and a market study plus guidance on AI risks and self audit measures.
March 17, 2026
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Trade Growth: combined exports rising with widening import-driven deficit as services surplus offsets merchandise shortfall.
Combined merchandise and services exports for April-February 2025-26 are estimated at US$ 790.86 billion, up from US$ 747.58 billion, while combined imports are estimated at US$ 900.51 billion, producing a widened trade deficit. Merchandise exports rose modestly to US$ 402.93 billion against imports of US$ 713.53 billion, increasing the merchandise deficit. Services exports of US$ 387.93 billion and services imports of US$ 186.98 billion generate a sizeable services surplus that partially offsets the merchandise shortfall.
March 16, 2026
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Foreign exchange intervention stabilisation: RBI action counters pressures from crude-led trade shock and capital outflows.
The rupee strengthened marginally as equity gains and a softer US dollar offset pressures from rising crude prices and foreign outflows; analysts cited elevated oil import demand widening the trade deficit and placed part of the currency stabilisation on foreign exchange intervention by the Reserve Bank, with near term exchange rate direction to be influenced by global central bank decisions, US data, energy prices, and portfolio flows.
March 16, 2026
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Hoarding enforcement intensifies to curb illegal LPG stockpiling and stabilise supplies amid import-route disruptions.
State and local authorities increased enforcement against illegal LPG stockpiling and black marketing, conducting coordinated raids and inspections, registering cases under the Essential Commodities Act, seizing cylinders and detaining suspects, while governments and petroleum entities emphasised coordination among enforcement, distributors and oil-marketing companies and rolled out incentives to shift consumers from LPG to piped natural gas to stabilise supplies amid import-route disruptions.
March 16, 2026
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CURE Act statutory framework proposed to unify agencies and guide Telangana's urban development and economic transformation.
The state advances a spatially differentiated development strategy under the CURE-PURE-RARE framework and proposes a statutory governance structure through the CURE Act to replace the existing municipal framework, unify multiple agencies, and coordinate urban planning and infrastructure delivery to realise the Telangana Rising Vision 2047 and interim economic targets.
March 16, 2026
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Freedom of navigation: attacks on shipping and chokepoint security disrupt energy transit and prompt military protection measures.
Cross-border strikes and missile/drone barrages have produced damage to religious and civilian sites and disrupted maritime transit through the Strait of Hormuz, prompting military measures to protect freedom of navigation. The conflict has caused energy-market volatility and operational responses including alternative export routing and calls for allied naval presence. Incidents involving non state armed groups have prompted government statements prohibiting unauthorized armed activity and raised displacement and peacekeeping protection issues.
March 16, 2026
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Energy and trade security risks may disrupt exports and rural employment, prompting calls for contingency fiscal measures.
Parliamentary debate on the Appropriation Bill warned that the West Asia conflict and strained ties could disrupt Gulf trade routes, reduce exports, and displace millions of rural and semi urban workers, urging contingency plans for returning workers and protection of dependent families. The discussion flagged supply risks to LPG and fertilisers due to import dependence, noted a supplementary demand for additional nutrient based subsidy allocation, and criticised replacement livelihood frameworks for weakening existing employment guarantees, calling for targeted fiscal measures and timely notification of support schemes.
March 16, 2026
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Trade investigations risk harming bilateral economic relations as tariff measures prompt diplomatic concern ahead of planned visit.
China warned that US trade investigations into foreign manufacturing, launched after the US Supreme Court struck down earlier tariffs, could interfere with or damage bilateral economic and trade relations, and conveyed serious concern that investigation outcomes and subsequent tariff actions might undermine recently stabilised China-US economic ties reached after a prior tariff war and truce.
March 16, 2026
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War risk insurance denial halts rice exports, prompting calls for emergency relief to sustain mills and protect workers.
The West Asia conflict has caused export holds and storage backlogs for Bundi-Kota Basmati rice, with shipping companies denied war risk insurance and imposing steep surcharges, depressing local prices and creating storage and employment risks; millers request special government concessions and a targeted relief package to sustain production and protect workers.
March 16, 2026
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Free Trade Agreement implementation advances, coupled with Security and Defence Partnership to prioritise efficient delivery and regional stability.
The EU and India are concentrating on operationalising the recently concluded Free Trade Agreement and the signed Security and Defence Partnership, prioritising efficient implementation to deliver benefits to both populations; discussions also identified de escalation, stability and energy security as shared objectives while advancing practical trade measures and defence cooperation.
March 16, 2026
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Safe passage of Indian-flagged vessels ensured amid Strait of Hormuz disruptions through coordinated maritime measures and port relief.
Indian-flagged vessels faced disruption after an attack on the Fujairah oil terminal; the tanker Jag Laadki sailed safely from Fujairah and is due at Mundra. A DG Shipping Control Room and an inter-ministerial group are coordinating with ports and Customs to monitor movements, repatriate crew, and ensure seafarer welfare. Ports have offered operational and commercial relief-priority discharge, concessions on anchorage, berth hire and storage, temporary transshipment storage, and rebates on reefer plug-in charges-to maintain continuity of crude, gas and LPG supply chains and maritime trade.
March 16, 2026
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Digital payments governance reinforces technical safeguards and reporting avenues, enhancing adoption while addressing fraud and inclusion challenges.
Unified Payments Interface drives the majority of retail digital transactions, underpinned by incentives, interoperability and inclusion measures, while technical and procedural safeguards - including device binding, two factor authentication, transaction limits and AI/ML fraud monitoring - together with awareness campaigns and national reporting platforms, form the framework for fraud mitigation and secure adoption across urban and rural users.
March 16, 2026
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Financial inclusion expanded through flagship schemes broadening access to banking, insurance, pensions and credit for underserved groups.
The central effort advances financial inclusion via flagship schemes that expand access to banking, insurance, pensions and collateral free credit for underserved households and micro enterprises, leveraging the JAM (Jan Dhan Aadhaar Mobile) digital pipeline to deliver welfare benefits through Direct Benefit Transfer.
March 16, 2026
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Dearness allowance increase raises state allowance level effective April for government employees and pensioners with fiscal implications.
Tripura raised state dearness allowance to 41 per cent for government employees and pensioners, effective April 1, covering 1,02,563 regular employees and 81,019 pensioners, with an estimated additional recurring annual cost of about Rs 500 crore; the move aims to narrow the gap with central DA levels and was announced by the Chief Minister immediately after the finance minister's budget speech.
March 16, 2026
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Tariff measures on Indian goods altered bilateral flows, reducing exports to the US while imports and trade deficits expanded.
India's merchandise exports to the United States contracted in February amid elevated US tariff measures on Indian goods, while US imports into India rose; a subsequent change in US duties is expected to affect future monthly data. Over the 11-month fiscal period, imports from China surged faster than exports, driving a substantial bilateral trade deficit. The notice also records country-specific import and export movements, including a marked increase in imports from Switzerland driven by gold.
March 16, 2026
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Promotion of piped natural gas to relieve LPG supply pressure, with regulatory guidance and incentives to switch.
City gas distributors and the petroleum ministry are promoting conversion from LPG to piped natural gas through incentives and regulator guidance; CGD companies are to deploy additional resources and expedite connections via customer portals, call centres or other channels where pipelines exist, while the ministry urges online bookings, voluntary surrender of LPG where consumers have PNG, and state enforcement against hoarding and black marketing to manage LPG supply pressure.
March 16, 2026
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Trade Balance narrows as merchandise exports dip amid geopolitical disruptions and surge in gold imports, now affecting shipments.
Merchandise exports declined 0.81% to USD 36.61 billion in February while the trade deficit narrowed to USD 27.1 billion month on month. Imports rose sharply-led by gold, silver, and oil-contributing to a wider year on year gap. Geopolitical conflict in West Asia has disrupted maritime and air logistics, raising freight and insurance costs and expected to suppress March exports. The government is consulting exporters to mitigate impacts, and a prospective bilateral trade pact awaits a new tariff architecture.
March 16, 2026
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Tax Liability Breakup confirmation required in GSTR 3B: confirm or edit auto populated breakup to proceed with filing.
From February 2026 the portal auto populates the Tax Liability Breakup in GSTR 3B for supplies dated to previous tax periods when tax is paid in the current period; taxpayers must open the payment page tab, confirm or edit and save that breakup after offsetting liability, and only then proceed with filing using EVC or DSC, with the current confirmation requirement being applied in all cases pending portal resolution.
March 16, 2026
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Wholesale price inflation set to rise as crude oil surge pushes wholesale costs higher, affecting manufacturing and non-food goods.
Wholesale price inflation rose to 2.13% in February 2026, led by higher prices in food and non-food articles and an uptick in manufactured goods; fuel and power deflation narrowed as global oil prices increased. Analysts warn that persistent crude oil price rises from geopolitical conflict will transmit more to WPI than retail CPI, likely pushing wholesale inflation higher in subsequent months. The report identifies basic metals, textiles and other manufacturing segments as contributors and stresses supply-chain, logistics and domestic manufacturing measures to contain cost-push pressures.
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.

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Customs, DGFT & SEZ

Union Minister of Commerce & Industry Shri Piyush Goyal Calls for Making India’s IP Approval System Among Top Five Globally in Speed, Transparency and Efficiency

March 10, 2026

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Shri Piyush Goyal Calls for Collective Efforts to Foster Innovation Culture; Highlights 50,000 New Innovation Labs in Schools

India Registers 215% Growth in Patent Filings in a Decade; GII Ranking Improves from 81 to 38: Shri Piyush Goyal

Government Recruiting Personnel to Accelerate IP Approvals; Shri Goyal Stresses Transparency and Integrity

Union Minister of Commerce and Industry Shri Piyush Goyal today called for making India’s Intellectual Property (IP) approval system among the top five in the world in terms of speed, transparency and efficiency, while emphasising the need to strengthen the country’s innovation ecosystem and encourage wider participation from innovators, startups, MSMEs, women and youth.

Addressing the National IP Awards & IP Conference in New Delhi today, Shri Goyal said that faster and more efficient disposal of applications related to trademarks, patents, copyrights, designs and Geographical Indications (GI) would help promote a strong culture of innovation and enable innovators to bring their ideas to market more quickly.

Congratulating the award winners for their outstanding achievements, the Minister said the awards recognise the valuable contributions of scientists, innovators, technocrats, MSMEs, entrepreneurs, agricultural institutes and IITs who are playing a key role in shaping India’s innovation-driven growth. He said the awardees represent the spirit of New India—an India that embraces technology and seeks to remain at the cutting edge of global innovation.

Shri Goyal said that recognising such achievements sends a powerful message to the wider IP ecosystem to take up similar challenges and develop path-breaking ideas. He expressed confidence that the awards will encourage the winners to achieve even greater success in the future while inspiring others to aspire for similar recognition.

The Minister stressed the importance of nurturing curiosity, inquisitiveness and the spirit of inquiry among children from a young age. Encouraging young minds to explore new ideas and think beyond conventional boundaries, he said, is essential for building a culture of innovation.

Referring to the government’s initiative to establish 50,000 new innovation labs in schools, announced in the Union Budget, Shri Goyal said these initiatives are aimed at fostering creativity, experimentation and problem-solving among students.

He urged professionals, innovators and industry stakeholders to contribute to this effort by engaging with their schools and colleges as alumni, interacting with students through webinars or video conferences, and encouraging them to understand the value of innovation, entrepreneurship and problem-solving.

Referring to the recently celebrated International Women’s Day, the Minister highlighted the importance of integrating women more deeply into the innovation and IP ecosystem. He said that more women are entering the research field with science and technology as their focal areas, and emphasised that the participation of youth and women is critical in ensuring technological advancement and improving quality of life for citizens.

The Minister said India’s talent pool, strong skill base and large number of STEM graduates produced every year will significantly contribute to making the country’s innovation and intellectual property ecosystem among the best in the world.

Shri Goyal appreciated the efforts of the Controller General of Patents, Designs and Trade Marks (CGPDTM) for relentlessly working to bring global best practices to India’s IP ecosystem and aligning it with international standards, including learnings from developed economies and the World Intellectual Property Organization (WIPO). He noted that the office began its journey with several challenges including shortage of staff, outdated technology and a large backlog of applications, but significant efforts have been made to clear much of the backlog.

He said that while certain challenges still remain in some areas, the government is recruiting new talent, strengthening capacity and enhancing skills to deal with pending cases and improve efficiency.

Highlighting some of the award-winning institutions, Shri Goyal praised IIT Madras for its path-breaking work and its startup incubation hub, which he described as truly phenomenal. Recalling his visit to the facility, he said the incubation ecosystem created there could serve as a model for upgrading other incubation centres across the country, especially in Tier-2 and Tier-3 cities and remote regions including areas such as Sikkim and northern parts of India.

The Minister also noted the growing role of women in licensing of new designs and encouraged innovators to register new designs and traditional products under the Geographical Indications (GI) registry. Given India’s vast diversity and rich heritage, he said there is significant potential to increase GI registrations across the country.

Quoting Prime Minister Narendra Modi, Shri Goyal said that the rise in patent applications in India reflects the growing innovative zeal of the country’s youth, which is a very positive sign for the future. He said this growing enthusiasm among innovators is sending a strong message globally that India is emerging as a major centre of innovation and technology development.

Highlighting India’s progress in innovation indicators, Shri Goyal noted that the country has improved its position in the Global Innovation Index (GII) from 81st in 2015 to 38th currently. He also pointed out that patent filings in India have grown by nearly 215 percent in the last decade, with India’s global ranking improving from 14th to 6th.

Shri Goyal emphasised that innovation opportunities exist in everyday life and that identifying and solving such challenges requires an open mind and creative thinking.

Recalling the evolution of the national slogan “Jai Jawan, Jai Kisan”, later expanded by former Prime Minister Atal Bihari Vajpayee with “Jai Vigyan”, the Minister noted that Prime Minister Narendra Modi further added “Jai Anusandhan”, highlighting the central role of innovation and research in India’s development journey.

He said India enjoys several demographic advantages including a young population with an average age of under 30 years, a balanced gender ratio and increasing participation of women in the formal workforce across sectors.

Highlighting the remarkable rise in women-led innovation, Shri Goyal said patent filings by women have increased by 345 times over the past 12 years, demonstrating a transformational change in the innovation landscape.

The Minister said India is witnessing an IP revolution with tremendous opportunities for innovators. Echoing the Prime Minister’s vision, he emphasised that the path forward lies in “Innovate, Patent, Produce and Prosper.”

Reiterating the government’s commitment to supporting startups, women entrepreneurs and micro and small enterprises, Shri Goyal said the government has already reduced IP-related fees by about 50 to 80 percent. He suggested that an 80 percent fee reduction be extended for women entrepreneurs, startup innovators and micro and small enterprises for filings in order to make the system more affordable and accessible.

He also proposed exploring fast-track mechanisms to support these applicants and encourage greater participation in the IP ecosystem.

Speaking about India’s global economic engagement, Shri Goyal said the vision of Atmanirbhar Bharat (self-reliant India) does not mean closing doors to the world but strengthening international partnerships.

He noted that India has signed nine Free Trade Agreements (FTAs) in the last three and a half years, covering 38 prosperous and largely developed countries, giving India preferential market access to nearly two-thirds of global trade.

He urged innovators and entrepreneurs to take advantage of these opportunities by developing new products, services and export markets.

Shri Goyal assured stakeholders that the government is recruiting a large number of personnel to accelerate IP approvals and reiterated his goal of making India’s IP system among the top five globally in terms of clearance speed.

He emphasised that the system must remain transparent, fair and efficient, and encouraged stakeholders to raise concerns directly with the Chief Controller or the concerned department if they face any difficulties. He also urged citizens to report any irregular practices in government processes, assuring that the government is committed to maintaining high integrity and seamless interaction between innovators and government institutions.

Shri Goyal concluded with expressing confidence that the collective efforts of innovators, institutions and the government will help transform ideas into impactful creations and accelerate India’s journey towards becoming a developed and prosperous nation.

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