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March 12, 2026
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Priority supply of domestic LPG sought to enforce export restrictions and secure household allocations amid supply disruption.
Six LPG distributors allege a supplier refused to reallocate LPG from export channels to the domestic market despite Ministry directions prioritising household supplies; they seek orders compelling the supplier to halt exports and increase domestic allocations, identifying the petroleum ministry as policy authority and the trade directorate as competent on export restrictions.
March 12, 2026
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FDI relaxation for land-border ownership reduces mandatory approval requirements, enabling limited bordering-country stakes to invest.
India amended its FDI rules to exempt from mandatory approval overseas firms incorporated outside land-bordering countries that have non-controlling beneficial owners from those countries below a specified threshold, while continuing mandatory approval for entities domiciled in bordering countries; sectoral caps and entry routes remain applicable and large-scale or controlling investments follow the previous approval process, with a limited fast-track approval available for certain sectors.
March 12, 2026
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Economic Stabilisation Fund seeks parliamentary approval as a fiscal reserve to shield the economy against future shocks.
The government has tabled a second batch of Supplementary Demands for Grants for 2025-26 requesting parliamentary approval to create an Economic Stabilisation Fund as a reserve for future shocks and to provide additional allocations for fertiliser and food subsidies and defence expenditure, with debate reflecting both support for fiscal preparedness and objections on transparency and social impact.
March 12, 2026
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LPG supply prioritisation may restrict commercial fuel access, disrupting restaurants and raising input costs for consumer firms.
Government prioritisation of LPG for domestic cooking and essential services has produced restrictions on commercial supplies, limiting fuel access to non-essential enterprises like quick-service restaurants. High import dependence and transit concentration through the Strait of Hormuz, absence of strategic LPG reserves, and regulatory storage licensing combine with limited channel inventory to create operational risk that can impact commercial operations within 48-72 hours and contribute to higher input costs for glass, plastics, FMCG and related sectors.
March 12, 2026
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RRB reforms prioritize IT modernization and vernacular digital services to boost inclusion and operational resilience across rural banking.
A reform roadmap for Regional Rural Banks focused on strengthening governance, operational resilience and technology adoption through consortium approaches and IT modernization. Emphasis was placed on vernacular digital offerings and structured customer feedback to improve engagement and financial inclusion, alongside targeted measures in agri financing innovation, human resource development, and stakeholder collaboration.
March 12, 2026
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Aadhaar authentication questioned; court orders Railway Board to file response on mandatoriness for tatkal bookings within three weeks
The Kerala High Court directed the Railway Board to file a response within three weeks on whether Aadhaar based authentication is mandatory for tatkal bookings, in a public interest litigation challenging a central government circular, and reprimanded the Board for months of unexplained delay.
March 12, 2026
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Section 301 investigations target foreign industrial policies, enabling potential retaliatory trade measures after public review and hearings.
Section 301 investigations have been initiated to determine whether the industrial policies and practices of certain trading partners are unreasonable or discriminatory and burden US commerce, focusing on sectors such as steel, autos, batteries, electronics, chemicals, machinery, semiconductors and solar modules; the process includes public submissions, hearings and consultations, and may lead to retaliatory trade measures tied to identified practices such as state subsidies, state-owned enterprise activity, market-access barriers, currency practices or suppressed domestic demand.
March 12, 2026
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Security protocol: Blue Book and SPG rules govern dais attendance and identity checks at official inaugurations.
Attendance and access to the Prime Minister's public programme were governed by the Blue Book protocol and the Special Protection Group's operational limits on dais attendance; organisers stated that requests to include particular state ministers could have been accommodated if made in advance, and SPG identity and security procedures, including presentation of identity documents, were routine and applied regardless of an attendee's office.
March 12, 2026
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Industry-start-up collaboration to enable mentorship, testing, PoC programmes and field trials for cooling and smart-appliance technologies.
A government ministry and a private enterprise entered a Memorandum of Understanding to facilitate industry-start-up collaboration by identifying start-ups in cooling and smart-appliance technologies and providing mentorship, technical guidance, access to testing infrastructure, market linkages, innovation challenges, and participation in structured Proof-of-Concept programmes and field trials for product validation and technology integration.
March 11, 2026
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Energy supply diversification: India shifts toward Russian crude to offset Strait of Hormuz disruptions and protect fuel flows.
India increased Russian crude imports to offset shipments halted through the Strait of Hormuz, reducing the immediate shortfall from Middle Eastern supplies while maintaining refined product availability. The Strait of Hormuz is identified as a critical chokepoint for crude, LPG and LNG; mitigation measures include supplier diversification, enhanced Russian flows, and refinery adjustments to maximise LPG recovery, though such optimisations yield only marginal increases and leave a significant import dependency.
March 11, 2026
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LPG supply assurance: household supplies prioritized, measures to prevent hoarding and secure alternate imports and maintain continuity.
The government affirms domestic LPG stocks and diversified procurement are sufficient to meet household cooking needs despite Strait of Hormuz disruptions. Refinery adjustments have boosted domestic LPG output and LNG cargoes have been secured; imports have been rerouted. Measures prioritise household distribution, curtail non-domestic deliveries, adjust pricing and refill intervals, and establish a committee to allocate commercial supplies. State and central authorities are directed to prevent hoarding and coordinate to maintain energy security and uninterrupted essential supplies.
March 11, 2026
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Money laundering probe under PMLA registered and searches conducted after alleged diversion of government funds into shell entities and real estate.
Enforcement Directorate registered a case under the Prevention of Money Laundering Act and searched multiple premises after a vigilance FIR alleging that bank employees and private associates diverted Haryana government funds, used accommodation (hawala) entries, transferred money to shell companies and small jewellery entities, and channelled proceeds into purported gold purchases and real estate, with significant cash withdrawals noted.
March 11, 2026
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Model policy for digital service delivery to standardise Maha e-Seva and Aadhaar centre operations, ensure timely services and operator viability.
Directed formulation of a model framework and comprehensive policy within one month to standardise delivery of government digital services through Maha e-Seva and Aadhaar service centres, ensuring timely citizen access while preserving operator viability. Immediate administrative measures include release of pending commissions, a joint meeting to address deposit refunds, and establishment of a study group to assess actual operational costs for centre operations.
March 11, 2026
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Money laundering probe targets alleged diversion of government deposits at a private bank, prompting searches and shell company tracing.
Enforcement Directorate searches under the Prevention of Money Laundering Act allege that government deposits at a private bank were diverted instead of being placed in fixed deposits; investigations target business entities, ex-bank officials, beneficiaries and real estate agents accused of providing accommodation entries. The agency alleges proceeds were routed through shell companies, layered through transactions, disguised as gold purchases and real estate investments, with substantial cash withdrawals and an identified absconder.
March 11, 2026
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Trade agreements expand market access while preserving domestic safeguards and promoting value-added food exports through targeted support.
India's export expansion strategy combines preferential market access through recently concluded Free Trade Agreements with calibrated domestic safeguards for farmers, fishermen and MSMEs - excluding concessions in sensitive sectors (notably dairy, certain cereals and pulses) and denying duty concessions or market access for genetically modified products - while promoting value addition via the Agriculture Infrastructure Fund and export handholding through the Export Promotion Mission and DGFT to integrate businesses into global value chains.
March 11, 2026
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Merger clearance: acquisition of additional stake in Curefit approved to bolster the Target's capital in the fitness sector.
The Competition Commission of India approved an additional stake acquisition by MacRitchie Investments Pte. Ltd., an investment holding company and indirect wholly owned subsidiary of Temasek, in Curefit Healthcare Private Limited to supplement the Target's capital requirements in the fitness sector; the Target is the ultimate parent of the Curefit Healthcare Group, which operates fitness management programmes, memberships, franchising and sales of fitness apparel and accessories in India, and a detailed order will follow.
March 11, 2026
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Competition approval for acquisition by Cube V of road concession businesses operating under governmental concessions.
The Competition Commission of India approved the proposed indirect acquisition by Cube Highways and Infrastructure V Pte. Ltd. of the road asset businesses housed in DYIPL, DVIPL, DGIPL and DTEHPL, comprising operations that manage roads and highways under governmental concessions. Cube V is registered as a foreign portfolio investor and operates, acquires and manages highway and transport infrastructure assets in India. A detailed order of the Commission will follow.
March 11, 2026
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Free Trade Agreements enabling preferential market access for Indian agricultural and processed food exports through standards and research.
The press release highlights that expanding Free Trade Agreements are enabling preferential market access for Indian agricultural and processed food exports and that APEDA, at AAHAR 2026, released research reports on key crops and launched packaging design solutions and technical standards with the Indian Institute of Packaging aimed at improving protection, shelf life and market presentation for region-specific, GI-tagged and organic products to support export competitiveness.
March 11, 2026
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Food safety standards underpin promotion of European flour in India, enabling market access and traceable supply chains.
Promotion of premium Italian soft wheat flour in India emphasises compliance with food safety regulations, full traceability and sustainability commitments as the core regulatory assurances supporting market entry and commercial outreach. The campaign presents European milling quality controls - careful wheat selection, computerised traceability, and independent accredited laboratory testing - as operative mechanisms ensuring conformity with EU standards and as commercial assurances to Indian buyers.
March 11, 2026
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UK-India free trade agreement expands market access for UK food and drink exporters, boosting trade engagement at AAHAR.
The UK-India Free Trade Agreement is positioned to enhance market access for UK food and drink exporters by reducing barriers and facilitating faster, cheaper trade. The UK Government, via the British High Commission and the GREAT campaign, is deploying a trade delegation and a UK Pavilion at AAHAR 2026 to translate improved market access into direct commercial engagement with Indian importers, distributors, modern retail and HoReCa operators, emphasising quality, safety and provenance to support long-term trade partnerships.

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Customs & Trade

EXPLAINER: Why kerosene and coal are making a temporary comeback in India

March 13, 2026

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New Delhi, Mar 13 (PTI) India has temporarily reintroduced kerosene for household use and permitted the use of coal and other alternate fuels for hotels and restaurants as the escalating West Asia crisis disrupts the country's energy supply chains.

The move comes after the conflict effectively shut the Strait of Hormuz, through which a large share of India's crude oil, LPG and LNG imports normally pass.

Why is India facing fuel supply pressure? -------------------------------------------- The Strait of Hormuz - a narrow passage of water between Iran and Oman - is one of the world's most critical energy transit routes. The 21-mile-wide choke point, where shipping lanes for incoming and outgoing traffic are restricted to just 2 miles wide each, separated by a 2-mile buffer zone, is the only sea exit for oil- and gas- producing countries, such as Saudi Arabia, Kuwait, Iran, Iraq, Qatar and the United Arab Emirates (UAE).

The narrow, 50-mile-long passage that connects the Gulf with the Arabian Sea carries about a fifth of the world's oil and liquefied natural gas (LNG).

India imports roughly 88 per cent of its crude oil, 50 per cent of its LNG needs and 60 per cent of its LPG requirement, most of which transits through the strait.

The widening conflict in West Asia, which began on February 28 when the United States and Israel carried out strikes on Iran, followed by retaliatory attacks from Tehran, has stopped energy flows through the strait.

For India, the route is particularly important: ------------------------------------------------ * More than half of India's crude oil imports pass through the strait.

* About 55 per cent of LPG supplies used for cooking arrive through the route.

* Nearly 30 per cent of LNG imports also move through the corridor.

India consumed 31.3 million tonnes of LPG in 2024-25, of which only 12.8 million tonnes were produced domestically, with the remainder imported. 85-90 per cent of imports came from countries, like Saudi Arabia, that rely on the strait for transit.

While there is enough crude oil available from alternative sources, such as Russia, replacing any loss of LPG supplies is more time-consuming, as other alternative sources are largely located in the United States and Canada.

The disruption has forced oil companies to prioritise household cooking gas supplies, leading to restrictions on commercial users, such as hotels and restaurants.

Measures taken by the government --------------------------------------- To manage the supply disruption, the government has introduced a series of temporary measures: * Additional kerosene allocation: States have been given 48,000 kilolitres of additional kerosene, over and above the regular monthly quota of about 1 lakh kilolitres, for household cooking needs.

* Alternate fuels for hospitality sector: Environmental regulators have been asked to permit biomass, refuse-derived fuel (RDF) pellets and coal as alternate fuels for hotels and restaurants for one month.

* Limited commercial LPG supply: Oil marketing companies will allocate 20 per cent of the average monthly commercial LPG demand to ensure essential businesses continue to receive supplies.

* Demand management: The minimum refill interval for LPG cylinders has been increased to 25 days in urban areas and 45 days in rural areas.

Why is kerosene being used again? ------------------------------------- The increase in kerosene allocation is notable because India has spent the past decade attempting to phase out the fuel due to pollution concerns and its misuse for adulterating petrol.

Delhi was officially declared the first kerosene-free city in India on June 17, 2014. The initiative, launched in 2012, replaced kerosene usage with LPG connections for households, aiming to reduce pollution and fire risks.

Mass roll-out of LPG through grant of free connections to the poor under the Pradhan Mantri Ujjwala Yojana was intended to cut the usage of firewood and coal for cooking, especially in rural households.

However, with LPG supplies under pressure, officials said kerosene is being temporarily reintroduced to ensure households continue to have access to cooking fuel.

Is there a fuel shortage? -------------------------- The government says the country is not facing a shortage of petrol or diesel despite the global disruption.

* Refineries are operating at high capacity utilisation, in some cases exceeding 100 per cent.

* No petrol pump or LPG distributor has run dry.

* Crude oil supplies have been secured from multiple sources. India has diversified its crude sources to around 40 countries from 27 previously.

Why are LPG supplies under pressure? ---------------------------------------- Before the crisis, about 60 per cent of LPG imports came from Gulf countries such as Qatar, Saudi Arabia, the UAE and Kuwait. Those supplies are blocked.

The government says LPG cargoes are now being sourced from the United States, Norway, Canada, Algeria and Russia, in addition to available Gulf supplies.

Domestic LPG production has also been increased by 28 per cent by redirecting refinery output.

How the government is preventing hoarding ----------------------------------------------- Officials say a surge in LPG bookings has largely been driven by panic buying rather than actual supply shortages.

To curb hoarding and diversion, delivery authentication codes will be expanded to 90 per cent of consumers, requiring confirmation before cylinders are marked delivered.

A three-member committee will assess genuine commercial demand across sectors and regions.

Commercial LPG sales are being regulated temporarily to prevent black-market diversion.

What Next? ------------ Officials say the measures are temporary responses to an extraordinary global energy disruption.

The government is monitoring supply flows and alternative import routes while prioritising household cooking fuel and essential sectors such as hospitals and educational institutions.

The Strait of Hormuz has remained disrupted for nearly two weeks, making the current situation one of the most severe energy supply shocks in recent decades. PTI ANZ BAL BAL

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