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    My marriage not a case of 'love-jihad', we did not convert : Viral Kumbh Mela girl
    Russia earns nearly USD 7 billion in fuel exports
    Finkurve Financial Services Limited (Arvog) Crosses Rs. 1,035 Crore+ AUM Milestone
    LPG distributors approach Bombay HC against supply crunch; notices issued to Centre, pvt firm
    China silent on India’s move to ease FDI norms; Chinese businesses say 'partial' opening
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    AAHAR 2026 inaugurated at Bharat Mandapam; Shri Piyush Goyal calls for stronger collaboration to position India as a global leader in agricultural and...
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March 12, 2026
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Religious conversion allegations dismissed as the couple present identity documents and registered marriage to affirm consent and age.
Allegations that the marriage constituted love-jihad and involved religious conversion were denied by the parties, who stated both remained in their respective faiths and that the wedding was solemnised according to Hindu customs. The couple produced identity documents and a marriage certificate to support the assertion that the bride was an adult and that the marriage was registered, emphasising consent and denying reports of underage marriage.
March 12, 2026
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Sanctions debate intensifies as advocacy groups cite increased fossil fuel export revenues influencing calls for tougher measures.
Analysis showing Russia earned nearly USD 7 billion from fossil fuel exports during the Iran war and that daily export revenues averaged materially higher prompted a German nonprofit and research groups to urge tougher sanctions on those exports while another government considers easing restrictions.
March 12, 2026
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NBFC registration: RBI-registered gold-loan lender reports strong AUM growth and emphasizes disciplined underwriting and technology investments.
Finkurve Financial Services Limited (Arvog), an RBI-registered non-deposit-taking middle-layer NBFC, has expanded its secured lending business predominantly through gold loans and crossed a notable AUM milestone. Growth is attributed to disciplined underwriting, prudent loan-to-value norms, collateral-backed lending, a branch-led phygital network, technology-enabled loan servicing, and strategic partnerships, with continued emphasis on asset quality, capital prudence, governance, and sustainable expansion.
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.

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WeBank Wins Four Awards from The Asian Banker, Gaining International Recognition for its Digital Inclusive Finance Practices

March 16, 2026

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SHANGHAI, March 16, 2026 /PRNewswire/ -- At The Asian Banker "Global Excellence In Retail Finance Awards Ceremony And Gala Dinner 2026"on 12 March, WeBank received four major awards in recognition of its technological innovation and inclusive finance capabilities. The Bank once again retained the titles of "Best Digital Bank in Asia Pacific"and "Best Digital Bank in China". It also secured two additional awards for the first time: "Best SME Bank in China (Digital Bank) "and "Best Customer Experience Initiative in Asia Pacific" for its Weilidai sign-language customer service initiative. WeBank Wins Four Awards from The Asian Banker The Asian Banker Excellence Award Programme is widely regarded as one of the most authoritative awards in the global financial industry, with assessment standards that align with the highest international benchmarks. Renowned for its professionalism, impartial and rigorous judging process, and broad industry coverage, the programme is consistently recognised by financial institutions and research bodies alike. It attracts extensive participation from banks and fintech platforms across the Asia Pacific region, and its influence now extends well beyond the region to financial markets worldwide.

Seven Consecutive Years of "Best in Asia Pacific": Demonstrating Digital Banking Excellence Over the past decade, digital banking has expanded rapidly worldwide. The number of licensed digital banks has surged from 48 in 2014 to more than 400 today, driven by flexible, efficient technological frameworks and innovative service models. These institutions have increasingly moved beyond the constraints of traditional financial services, establishing a distinctive path for digital-inclusive development.

As China's first digital bank, WeBank has placed technology at the centre of its strategy, and through its innovative business practices has positioned itself as a widely recognised global leader in digital banking.Leveraging its technological strengths, the Bank continues to broaden and deepen inclusive finance, addressing the financing challenges faced by small and micro enterprises, self-employed businesses and individual customers. As of the end of 2025, WeBank had served more than 430 million individual customers and over 7 million small and micro enterprises, using technology to bridge the "last mile" in inclusive financial services.

AI is reshaping the global financial sector. In response, WeBank took the lead in 2025 by advancing its "AI-native Bank"strategy, placing itself at the forefront at the next phase of technological transformation. The Bank has strengthened its AI foundation across infrastructure, toolchain development and diversified application frameworks, while deepening integration of AI across all business scenarios. This included reshaping organisational structures and governance systems to support a shift from a "digital-native" to an "AI-native" operating model. Powered by AI, WeBank is driving end-to-end business transformation and setting the direction for the future of digital banking. The Bank has already deployed more than 100 AI application scenarios, supported by over 800 AI agents and more than 60 digital employees. These capabilities underpin a full-process upgrade of financial services, improving operational efficiency, enhancing risk management and optimising customer experience.

At the awards ceremony, WeBank was recognized for its outstanding digital banking capabilities, retaining the titles of "Best Digital Bank in Asia Pacific" and "Best Digital Bank in China". This marks the Bank's seventh consecutive win of the Asia-Pacific award and its eighth win of the China accolade, prestigious international distinctions that underscore its leading position in the digital banking sector.

The Asian Banker noted that, underpinned by its leading digital technology capabilities, WeBank has developed a distinctive and differentiated model for inclusive financial services, establishing a commercially sustainable approach to digital inclusion. This model enables a broader segment of small and micro enterprises, as well as individual customers, to access financial services on an equal footing, supporting the high-quality development of inclusive finance.

Finance for Good, Staying True to Its Original Mission: Inclusive Finance and Warmth Gain International Recognition During the panel, WeBank's strong track record in serving micro, small and medium-sized enterprises (MSMEs) and its commitment to barrier-free innovation received high recognition during the selection, earning two major awards for the first time: "Best SME Bank in China (Digital Bank)" and "Best Customer Experience Initiative in Asia Pacific" for its Weilidai sign-language customer service project.

Small and micro enterprises are the capillaries of the real economy and core beneficiaries of inclusive finance. Since launching China's first digital, unsecured working-capital business loan product "Weiyedai" in 2017, WeBank has continued to explore a commercially sustainable model for digital inclusive finance. By leveraging technology to address the "short, small, frequent and urgent" funding needs that often constrain micro and small enterprises, the Bank has broadened access to timely, affordable credit and strengthened support for the real economy.

As of the end of 2025, Weiyedai had covered 30 provincial administrative regions in China, received more than 7 million applications from MSMEs and sole proprietors, and provided credit services to more than 1.8 million clients for a total amount of RMB 1.8 trillion. The Asian Banker noted that these results reflect WeBank's ability to harness digital technology to allocate financial resources with precision and efficiency, enabling countless micro and small enterprises across diverse industries to access timely funding.

Technology provides the engine, but WeBank aims to ensure the experience remains distinctly human. Guided by its mission of "Better Banking for All", WeBank embeds a customer-centric philosophy throughout its service model and actively advances accessibility in financial services. As early as 2015, WeBank established a dedicated accessibility task force, launched remote video identity verification for "Weilidai", and appointed full-time sign-language specialists to support customers with hearing impairments, ensuring they receive fast, convenient and secure financial services. "Weilidai" became the first bank-affiliated financial product in the industry to offer sign-language video customer service. To date, it has issued more than 265,000 loans to customers with hearing impairments, amounting to over RMB 1.17 billion.

Winning four major awards this year reflects strong international recognition of WeBank's achievements in technological innovation, inclusive finance and customer service. It also underscores the Bank's contributions to the wider community. Looking ahead, WeBank will continue to use technology as its core growth engine and inclusiveness as its guiding principle, further deepening financial innovation, enhancing service quality and efficiency, and providing sustained financial momentum to support the high-quality development of the real economy.

(Disclaimer: The above press release comes to you under an arrangement with PRNewswire and PTI takes no editorial responsibility for the same.). PTI PWR PWR

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