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March 5, 2026
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Inclusive finance expansion catalyses cooperative bank modernisation and AI-driven institutional transformation at national finance forum.
i-exceed Technology Solutions is Principal Partner of a national forum convening regulators, ministries, and financial stakeholders to accelerate inclusive finance, cooperative bank modernisation, and the emergence of AI-led financial institutions through three tracks focusing on cooperative banking, MSME capital access, and future AI-native systemic resilience, emphasising embedded finance, assisted banking models, and secure, scalable digital infrastructure to deepen credit access for underserved populations.
March 5, 2026
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RERA approval and statutory permits underpin award-winning residential project, emphasising sustainability, wellness certification, and compliance.
The Cascades Neopolis carries RERA approval (TS RERA No: P02400009538) and HMDA building permission (No: 003505/BP/HMDA/0728/SKP/2024); it emphasizes construction commencement, a planned handover timeline, and industry certifications-IGBC Platinum pre-certification and WELL Pre-Certification-as key compliance and performance credentials relied upon for award assessment and execution-readiness.
March 5, 2026
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Comprehensive Economic Partnership Agreement promotes diversified trade and investment, enhancing tariff certainty and regulatory predictability.
The Comprehensive Economic Partnership Agreement was reviewed with focus on implementation, using the Agreement to secure tariff certainty and regulatory predictability, facilitate movement of natural persons, and promote diversification of bilateral trade. Officials highlighted export potential in textiles, pharmaceuticals, agriculture and services and underlined domestic measures to improve ease of doing business that complement CEPA's facilitative framework for deeper trade and investment cooperation.
March 5, 2026
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Combination approval permits Central Bank of India to increase shareholding in Generali insurers, subject to a regulatory order.
The Competition Commission has granted combination approval for Central Bank of India to increase its equity stakes in Generali Central Insurance Company Limited (general insurance) and Generali Central Life Insurance Company Limited (life insurance), expanding the bank's ownership in entities that supply distinct insurance products in India; a detailed Commission order will follow.
March 5, 2026
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Merger control approval permits an investment firm to acquire shareholding in a national packaged foods manufacturer.
The Competition Commission of India approved the acquisition whereby General Atlantic Singapore BWP Pte. Ltd. will acquire certain fully diluted shareholding in Balaji Wafers Private Limited from existing shareholders, clearing the notified combination under the merger control framework; a detailed order will follow.
March 5, 2026
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Combination approval: REIT to acquire developers and issue units in exchange for target shareholdings.
The Commission approved a proposed combination where Bagmane Prime Office REIT will directly acquire Bagmane Developers Private Limited (including Bagmane Green Power LLP), indirectly acquire Bagmane Rio Private Limited and, through BDPL, acquire the Luxor asset from Bagmane Constructions; Sponsor and certain third party shareholders will receive units of the Acquirer REIT in consideration for transfer of their shareholdings. The Acquirer REIT is SEBI registered and the Target Entities operate in commercial real estate, hospitality and renewable power generation.
March 5, 2026
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Image-based underwriting using Generative AI standardizes income estimation and speeds credit decisions in underserved micro enterprise markets.
Aye Finance piloted an in house system using Generative AI and ML-including a Multimodal Large Language Model integrated with proprietary models-to estimate monthly sales of trading stores from store images and related parameters, automating income estimation to reduce manual fieldwork, lower cost to serve, increase processing speed, and standardise underwriting, thereby facilitating credit inclusion for micro scale MSMEs.
March 5, 2026
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Economic growth target lowered to prioritise consumption, jobs and fiscal measures amid global and domestic uncertainties.
China reduced its economic growth target and set accompanying macro targets-including urban unemployment, urban job creation, CPI moderation, income growth alignment, balance of payments stability, steady grain output, and lower carbon emissions intensity-while announcing demand-side fiscal measures: an income-growth plan, targeted support for low-income groups and property income, reforms to remuneration and social security, issuance of special treasury bonds for consumer trade-in schemes, and a fiscal-financial coordination fund to expand domestic consumption.
March 5, 2026
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Economic growth target provides policy leeway amid external trade risks and domestic demand pressures.
China sets an economic growth target modestly lower than recent practice and presents it as a tool to preserve policy flexibility for structural adjustment, risk prevention, and reform in the opening year of a new five year plan. The report links the target to responses to external trade and geopolitical risks and to domestic challenges including a supply demand imbalance, while emphasising strengthening the domestic economy and promoting technology development.
March 4, 2026
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Family Benefit Management System directive to build integrated household database and issue universal family cards across the state.
The administration directed creation of a Family Benefit Management System compiling twenty-six household attributes-such as family identity, Aadhaar, rice card identity, education, profession, and contact details-and integrating records from multiple public and utility sources to build a comprehensive beneficiary registry. Officials reported most data is already available and the government intends to issue a family card to every household, instructing continued interagency data integration to operationalize the system for welfare delivery.
March 4, 2026
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Data protection breach: probe sought after mass discovery of identity cards, with UIDAI inquiry and legal action requested.
A data protection and public safety concern arose when a large number of Aadhaar identity cards were found on the Nethravathi riverbank, prompting the Karnataka Assembly Speaker to ask UIDAI Bengaluru for immediate intervention, a thorough investigation to determine how the cards were disposed and identify those responsible, and initiation of appropriate legal action through the concerned department.
March 4, 2026
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Bail refusal upholds detention of accused amid documentary evidence and witness-influence concerns, despite prior PMLA order.
Court denied bail to an accused in a cheating conspiracy who allegedly promised plots and flats from a government quota and used forged government documents; the magistrate found the chargesheet and documentary material crystallise his role, noted the seriousness of offences and risk of witness influence, and held that filing of the chargesheet and a separate money-laundering bail order did not by themselves justify release.
March 4, 2026
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Supply chain disruption delays exports from Sambhajinagar, raising transport costs and risking customer loss for manufacturers.
Supply chain disruption from the US Israel conflict has delayed containers at Jawaharlal Nehru Port Authority and suspended certain shipping services, causing longer transit times, higher transport costs, halted agricultural shipments to affected regions, and commercial risks such as customer attrition, repatriation of cargo, and potential post conflict surcharges that would raise export costs for manufacturers in Chhatrapati Sambhajinagar.
March 4, 2026
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Force majeure suspends LNG deliveries, disrupting contracted supplies and straining city gas distribution and industrial feedstock.
Reciprocal force majeure notices have been issued following attacks that prevent LNG tankers transiting the Strait of Hormuz, excusing non performance by the exporter and importer and prompting the importer to issue corresponding notices to downstream offtakers; the supply shortfall has reduced contracted gas availability for industrial and city gas distribution consumers, who seek confirmation on continued allocations while market participants assess costly spot replacements and insurance exclusions for acts of war.
March 4, 2026
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Tariff reduction boosts export prospects while domestic demand weakness keeps manufacturing contraction risk elevated in coming months.
China's official manufacturing PMI returned to contraction, driven by weak domestic consumption and real estate weakness, while private-sector PMI showed export-led expansion. A judicial reduction of reciprocal tariffs has lowered US tariff levels globally and is expected to provide a modest boost to exports. Upcoming high-level bilateral talks and China's national congress, which will set a growth target and approve a five-year plan focused on technology and self-reliance, are poised to influence near-term manufacturing prospects.
March 4, 2026
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Currency depreciation driven by crude oil price shock and capital outflows, worsening trade balance risk and market volatility.
Rupee depreciation accelerated as a spike in international crude prices amid geopolitical tensions prompted safe-haven flows and foreign portfolio outflows, driving the currency to a record low, pressuring equity markets and raising the risk of a larger fuel import bill that could strain the trade balance and market stability.
March 3, 2026
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GST input tax credit fraud exposed; arrests and shell company network identification trigger criminal and financial probes.
An organised racket used stolen identity documents to register shell firms, obtain GST numbers and open bank accounts to perform large-scale GST Input Tax Credit (ITC) fraud by issuing fake invoices and generating fraudulent e-way bills; funds were routed through multiple accounts, criminal cases for cheating and forgery filed, evidence recovered and coordination with tax authorities and banks is underway.
March 3, 2026
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Fraudulent GST registrations enabling Input Tax Credit misuse uncovered; coordinated raids, electronic forensics and an arrest followed.
A large-scale operation procured GST registrations for non-existent firms through forged and fraudulently obtained KYC documents, producing fake taxpayers and fraudulent invoices that enabled the wrongful availment and passing on of Input Tax Credit; coordinated IP tracking and searches led to seizure of electronic evidence and documents and to the arrest and judicial remand of a key suspect, with further investigation ongoing.
March 3, 2026
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Supply chain resilience measures initiated to monitor West Asia risks and coordinate trade, logistics and customs responses.
The government has set up an inter-ministerial group to monitor West Asia developments daily, assess vulnerabilities in shipping, logistics, exports and critical imports, and coordinate inter-ministerial actions. Measures include procedural flexibility in export authorisations, coordination with customs and port authorities to ensure smooth clearance, engagement with financial and insurance institutions to safeguard exporter interests, and a 24x7 DGFT help desk. The IMG for supply chain resilience includes departments of financial services, external affairs, shipping, petroleum and customs to facilitate coordination, monitoring and follow-up amid exporter concerns about surcharges, insurance gaps, route diversions and increased transit times.
March 3, 2026
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Force majeure declaration halts key LNG deliveries, prompting contractual supply cuts and reliance on pricier spot procurement.
Qatar declared force majeure on LNG deliveries after production halted due to regional hostilities and maritime disruptions, prompting curtailed supplies to industry and relief from supplier performance obligations. Importers are assessing long term contract entitlements, pursuing spot market purchases, and reallocating available cargoes while contending with higher war risk insurance, shipping costs, and transit constraints through the Strait of Hormuz.

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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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