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March 6, 2026
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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.
March 6, 2026
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Power tariff reduction implemented from April eases rates for domestic, commercial, industrial consumers and lowers EV charging costs.
Power tariff reductions will take effect from April 1: domestic consumers receive a per-unit cut beyond the existing monthly 300-unit concession and reduced fixed charges per kilowatt; commercial traders and shopkeepers obtain per-unit reductions by load capacity; a low fixed per-unit charge is set for electric vehicle charging; fixed charges for industrial connections up to a specified capacity are reduced and the industrial segment faces no tariff increase in the coming financial year; advocates are reclassified to residential tariff.
March 6, 2026
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Mandatory Biometric Update urged for children as new Aadhaar Seva Kendra expands regional enrolment and service access.
An advanced Aadhaar Seva Kendra has been inaugurated in Ranchi to enhance Aadhaar service delivery. Authorities urged completion of the Mandatory Biometric Update for children at prescribed ages to ensure access to government schemes and avoid registration problems; schools were asked to help reduce pending MBUs. UIDAI currently operates ASKs in three Jharkhand districts and plans a phased expansion of new centres to additional districts to increase regional enrolment capacity.
March 6, 2026
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PMLA investigation prompts raids at locations linked to corporate group; company denies premises were targeted.
Enforcement Directorate teams conducted coordinated searches at multiple locations linked to a corporate group under a PMLA probe into alleged bank loan fraud and associated money laundering, with parallel allegations of financial irregularities under FEMA. The agency has filed three money laundering cases and formed a special investigation team; the principal individual has been questioned twice. The company denies any raids at its offices.
March 6, 2026
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NBFC middle layer classification underscores diversified funding through multiple debt instruments and strengthened risk and tech-based underwriting.
The company, an RBI registered NBFC categorised as an NBFC middle layer under Scale Based Regulations, emphasised technological underwriting, risk management, and collections platforms to support disciplined scaling. Since April 2025 it mobilised diversified capital across instruments including Non Convertible Debentures, Commercial Papers, Term Loans, Securitisation, Direct Assignment and Co Lending Arrangements to strengthen its capital base while prioritising sustainability and asset quality.
March 6, 2026
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Export-oriented agriculture: scale high-value production, strengthen missions, technology and market linkages for global competitiveness growth.
Transition agriculture to an export-oriented model by scaling high-value crop production, strengthening value addition, processing and storage, and aligning output with global quality and branding standards through national missions, budgetary support and coordinated engagement of experts, industry and farmers; promote chemical-free natural farming and crop diversification to access global markets and mitigate risks.
March 6, 2026
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Money laundering investigation triggers Enforcement Directorate searches at company locations, probing alleged bank loan fraud and FEMA irregularities.
Enforcement Directorate teams searched multiple locations linked to Reliance Power Ltd. and its executives in Mumbai and Hyderabad in an investigation into alleged money laundering connected to suspected bank loan fraud and related financial irregularities under the Foreign Exchange Management Act. The ED has filed multiple money laundering cases against the group, constituted a special investigation team on the Supreme Court's direction, and has questioned the principal corporate figure under the anti money laundering law.
March 6, 2026
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Pay commission representations invited for stakeholders; online submissions required by deadline, paper copies may be disregarded.
The Eighth Central Pay Commission invites representations from employees, pensioners, associations and organizations through a prescribed structured memorandum format available on innovateindia.mygov.in and 8cpc.gov.in, with online submissions to be received up to 30th April, 2026; paper-based copies, emails or PDFs submitted by other means may not be considered.
March 5, 2026
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Currency intervention stabilizes local currency amid geopolitical-driven oil price shock and capital outflows.
Central bank intervention to curb exchange-rate volatility is identified as the primary operative mechanism: suspected Reserve Bank purchases supported a rebound in the rupee, with the RBI expected to sterilise these operations to maintain liquidity. Geopolitical conflict and rising crude prices increased import-cost risk and safe-haven flows, while a firm dollar and foreign portfolio outflows added depreciation pressure even as domestic equities recovered.
March 5, 2026
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Political risk insurance sought to secure maritime energy shipments, with premiums borne by contracting parties to maintain supply continuity.
India is seeking political risk insurance and financial guarantees from the International Development Finance Corporation to secure maritime transit for oil, LPG and LNG through the Strait of Hormuz; a dedicated corpus must be established before cover can be provided and premiums will be paid by contracting parties. The government is also diversifying suppliers and considering reprioritisation of domestic gas allocation to manage LNG shortfalls caused by route disruption and force majeure.
March 5, 2026
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Trade disruption risk from Strait closure threatens Indian tea exports and underscores maritime chokepoint vulnerability.
Escalating tensions in West Asia threaten India's tea exports by imperilling shipping through the Strait of Hormuz, a key maritime chokepoint for consignments to Gulf markets. A substantial share of Indian tea shipments to the Persian Gulf - notably consignments to the UAE, Iran and Iraq - transit this route, making export flows sensitive to any closure or suspension of passage. The Tea Association of India emphasises that recent export growth, driven by orthodox teas from Assam, is concentrated in markets served via the strait, increasing sectoral exposure to disruption.
March 5, 2026
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Climate innovation competition expands to Asia, with Singapore hosting finals and partners supporting early-stage green ventures.
Applications are open for ClimateLaunchpad 2026, which expands into Asia with Singapore hosting regional and Global Grand Finals. The programme offers a staged accelerator curriculum-mini-course, Boot Camp, coaching, national/regional pitches and a Global Grand Final-aimed at turning early-stage climate ideas into scalable ventures. Climate KIC partners with Better Earth Ventures and TPC/NO.17 Foundation to provide local delivery, systems-oriented support, capital linkage and ecosystem access, while long-term supporters such as Bank of America and Irish Aid bolster funding and market connectivity.
March 5, 2026
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Economic growth slowdown signals structural pressures; export strength and trade surplus reshape bilateral trade imbalances and strategy.
China's lowered GDP target signals slower, quality oriented growth due to structural domestic constraints - notably property market decline, unemployment and weak consumption - while policy focuses on technological innovation to raise productivity. At the same time, robust exports sustain a record trade surplus, producing rising bilateral trade imbalances as export strength contrasts with domestic weakness.
March 5, 2026
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Ease of doing business reforms streamline compliance, expand credit access, modernise customs and simplify tax certainty for investors.
The Union Budget 2026-27 and related policy measures present a coordinated reform package to enhance ease of doing business by reducing compliance complexity, improving tax certainty and rationalising penalties, expanding access to finance through credit guarantee schemes and a digital Credit Assessment Model, liberalising insurance sector investment norms, modernising customs and trade facilitation with AEO benefits and electronic cargo clearances, and consolidating regulatory frameworks including master directions and a unified securities code to improve predictability and transparency.
March 5, 2026
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GST-IBC interplay clarifies tax compliance and moratorium effects on statutory claims during insolvency resolution.
Interplay between GST and insolvency law addressed tax liability treatment, compliance by interim administrators and resolution professionals (fresh registration, return filing, availability of input tax credit), and the moratorium's effect on recovery; judicial authority was noted that claims not included in approved resolution plans may be extinguished. The relationship between insolvency processes and anti money laundering enforcement was examined, focusing on proceeds of crime, asset attachment during CIRP, jurisdictional friction with enforcement agencies, and statutory protections designed to preserve resolution objectives while reconciling PMLA enforcement with insolvency aims.
March 5, 2026
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Governance-first fintech infrastructure expands via enterprise expense cards, closed-loop clean mobility payments and premium leadership engagement.
Zaggle is shifting toward a governance-first fintech infrastructure model by integrating Corporate Expense Cards with its Spend Management Platform for marquee enterprises, deploying a closed-loop CNG fleet payment solution aligned with clean-mobility regulatory and operational requirements, and expanding premium engagement through its ZGolf leadership platform. These platform-led integrations prioritise real-time visibility, structured controls, compliance alignment and recurring enterprise wallet share rather than standalone transactions.

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Customs & Trade

Indian oil tanker to arrive Tuesday after sailing from attacked UAE port

March 16, 2026

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New Delhi, Mar 16 (PTI) An Indian-flagged crude oil tanker that sailed safely from the UAE's Fujairah port despite an attack on the terminal is scheduled to reach India on Tuesday, a senior official said, emphasizing that New Delhi is working to ensure the safe passage of remaining Indian-flagged vessels in the region.

The vessel, Jag Laadki, carrying about 80,800 tonnes of Murban crude from the UAE, and all 22 Indian seafarers onboard are reported safe, said Rajesh Kumar Sinha, Special Secretary in Ministry of Ports, Shipping and Waterways on Monday.

Jag Laadki is the fourth out of the 28 Indian ship that were stuck in the war-hit Strait of Hormuz for last two weeks.

Currently, 22 Indian-flagged vessels with 611 seafarers remain in the western Persian Gulf. Two LPG carriers started their journey on March 13 and crossed the Strait of Hormuz early on March 14.

The first ship, Shivalik reached Mundra Port in Gujarat where advance paper work and priority discharge was arranged, he said adding the other vessel, Nanda Devi is to reach Kandla port on Tuesday morning.

The two ships carry about 92,712 tonnes of LPG - equivalent to a day's requirement of cooking gas in the country. These were among the 24 ships stranded on the west side of the strait since the war broke out in the region.

Besides the 24 on the west side of the strait, four others were stranded on the east side.

One of the four on the east side, an India-flagged oil tanker, Jag Prakash, carrying gasoline from Oman to Africa, crossed the war-hit strait on Friday. Jag Prakash loaded gasoline from Sohar port in Oman and is now headed to Tanga in Tanzania. It is due to reach Tanga on March 21.

Besides Jag Prakash, Jag Laadki was the second tanker on the east coast that managed to move to safety, he said adding Jag Laadki is scheduled to reach Mundra on Tuesday.

As of now, there are 22 Indian ships on the east size of the Strait of Hormuz and 2 on the west side, he said adding efforts are on to secure safe passage for them.

Since activation of the DG Shipping Control Room, over 3,000 calls and 5,400 emails from seafarers, families, and maritime stakeholders have been handled, while 286 Indian seafarers have been safely repatriated, including 33 in the past 48 hours.

Major ports are closely monitoring vessel movements and facilitating cargo operations, offering concessions on anchorage, berth hire, storage charges, and temporary transshipment storage at Jawaharlal Nehru Port Authority (JNPA), which has also granted rebates on reefer container plug-in charges, Sinha said.

Export-bound containers at JNPA have fallen from 5,600 to 3,900, with no reported congestion, he said adding an inter-ministerial group under DG Shipping continues to coordinate with Customs, ports, and other stakeholders to ensure the safety and welfare of Indian seafarers while maintaining continuity of maritime trade.

On March 14, 2026, while the Indian-flag vessel Jag Laadki was loading crude oil at the Fujairah Single Point Mooring, the Fujairah oil terminal was attacked. The vessel sailed safely from Fujairah at 1030 hrs IST on Sunday carrying about 80,800 tonnes of Murban crude oil and is bound for India. The vessel and all Indian seafarers onboard are safe.

India imports about 88 per cent of its crude oil, 50 per cent of natural gas and 60 per cent of LPG needs. Before the US-Israel strikes on Iran on February 28 and Tehran's retaliation, more than half of India's crude imports, about 30 per cent of gas and 85-90 per cent of LPG imports came from Middle East countries such as Saudi Arabia and the UAE.

The conflict has led to a blockade of the Strait of Hormuz, the main transit route for Gulf energy supplies. While India has partly offset crude supply disruptions by sourcing oil from countries including Russia, gas supplies have been curtailed to industrial users and LPG availability to commercial establishments such as hotels and restaurants has been reduced. PTI ANZ ANZ ANU ANU

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