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March 16, 2026
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Foreign exchange stability: rupee weakened as capital outflows and reserves decline increased market pressure.
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March 16, 2026
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Pre-deposit linkage: link DRC-03 payments via DRC-03A on portal to avoid duplicate pre-deposit when filing appeal.
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March 16, 2026
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Regulatory harmonization for medical devices drives export policy to expand global market access and manufacturing competitiveness.
Strengthening India's medical devices export ecosystem focuses on regulatory harmonization, streamlining approval processes, and coordination between industry and regulators to reduce compliance bottlenecks and facilitate exports, supported by trade policy measures to improve market access. Complementary measures include development of manufacturing clusters, expansion of testing and certification capacity, and incentives for research and development and innovation to build global brand recognition and scale high value manufacturing.
March 16, 2026
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Responsible Business Conduct: integrating ESG into corporate reporting, labour protections and insolvency frameworks for better market alignment.
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March 16, 2026
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Unclaimed dividend facilitation enabling direct investor access to recovery, KYC update, and on site grievance redressal services.
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March 16, 2026
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Smuggling of foreign-origin gold disrupted with seizures and arrests under customs enforcement, highlighting illegal melting and transport.
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March 15, 2026
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March 15, 2026
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Domestic gas priority may limit commercial hotel supplies; government seeks balanced approach to prevent operational disruptions.
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March 15, 2026
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Maritime safety: Indian-flagged tanker sailed from UAE after terminal attack, ensuring crew safety and fuel supply continuity.
An Indian-flagged crude tanker departed Fujairah safely after an attack on the oil terminal, with all crew reported safe. The Directorate General of Shipping has activated a control room to monitor vessel movements, handle communications, facilitate repatriation and coordinate with ship owners, RPSL agencies, Indian Missions and central ministries to ensure maritime safety, seafarer welfare and continuity of fuel supplies amid disruptions to Gulf shipping routes.
March 15, 2026
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Piped gas priority: consumers with PNG must surrender domestic LPG connections, suppliers barred from providing refills.
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March 14, 2026
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Energy security measures bolster fuel supply and exporter support amid West Asia supply disruptions with insurance cover and diversified imports.
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March 14, 2026
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Advance tax e campaign alerts: taxpayers told to ignore inaccurate emails and verify transactions on the Compliance Portal.
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March 14, 2026
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Attack on critical port infrastructure declared legitimate targets, prompting evacuation warnings and heightened risks to energy transit.
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March 14, 2026
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Exhibition centres to be established to boost industry and exports, providing platforms for product showcases and value-added agriculture.
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March 14, 2026
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March 13, 2026
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Currency depreciation driven by strong dollar, foreign outflows and rising oil prices pressures domestic exchange rate stability.
The rupee fell to a fresh record low against the US dollar amid a stronger dollar, heavy foreign portfolio outflows and sustained equity market selling. Rising crude oil prices, higher US treasury yields and geopolitical risk heightened market risk aversion, while RBI data showed a notable weekly decline in gross forex reserves; analysts warned these factors collectively impart a negative near term bias on the currency and provided a projected trading range.
March 13, 2026
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Bilateral trade agreement talks continue amid US tariffs and Section 301 investigations affecting timing of formal signing.
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Customs & Trade

Opposition slams govt on West Asia crisis; warns of trade, jobs and energy fallout

March 16, 2026

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New Delhi, Mar 16 (PTI) Opposition parties in the Rajya Sabha on Monday criticised the government over its handling of the West Asia crisis, warning of severe repercussions for India’s trade, employment, energy security and rural economy.

Participating in a debate over the Appropriation Bill, CPI’s Sandosh Kumar P said the conflict was not a distant political issue but the one with “direct consequences” for India.

AAP’s Sanjay Singh alleged the crisis was “self-imposed” due to strained ties with Iran. BJD’s Sulata Deo flagged LPG shortages, and YSRCP’s S Niranjan Reddy cautioned about looming fertilizer challenges, underscoring the vulnerability of India’s agriculture sector.

Sandosh Kumar said the ongoing conflict in West Asia is not a distant political issue for India.

"It has direct consequences for our trade, employment, and energy security. Unfortunately, despite the gravity of the situation, the Union Government appears unprepared," he said.

Over India's economic dependence on the Gulf region, the CPI member said India's total trade with the Gulf Cooperation Council (GCC) is about USD 178 billion and exports to these countries are USD 56-57 billion annually. India's exports include agricultural products, food items, textiles, engineering goods, and pharmaceuticals.

Moreover, it employs millions of workers across rural and semi-urban India.

"If the conflict continues and trade routes are disrupted, these exports will decline. This will directly affect farmers, small producers, and workers, leading to unemployment, particularly in the rural economy," he said.

At such times, the rural economy earlier had a cushion in MGNAREGA, a programme that provided livelihood security. But this government has systematically weakened it with another VB-G RAM G (Viksit Bharat - Guarantee for Rozgar and Ajeevika Mission Gramin) framework, which is still not even notified.

He asked what contingency plans does the government have to deal with such a situation? "How will it support returning workers and protect the families that depend on these incomes? Another concern is energy security. India imports more than 85 per cent of crude oil requirements. Much of it is linked to supplies from West Asia," he said.

Kumar said there is a need to understand the reality and address it.

AAP member Sanjay Singh said the Leader of House has said that the Opposition is not cooperating in this crisis. However, Singh asked who brought this crisis to India.

He called this a self-imposed crisis. The government knew that 60 per cent of the crude and 50 per cent gas meant for India passes through Strait of Hormuz.

When over 60 per cent of the strait comes under control of Iran, then what was the need to have adverse relationship with Iran, he alleged.

Singh alleged that this crisis, which the nation is facing today, is sponsored by the Prime Minister.

"Iran was our traditional friend, this was also mentioned by our Prime Minister, when he had earlier visited Iran," he said.

"However when Khamenei was killed, he remains silent. 160 school children are killed and we remained silent." Not only this, one of the Iranian ships which was returning after participating in a military exercise hosted by India was torpedoed by the US. In this more than 100 of its crew members died and the Prime Minister remained silent.

Sulata Deo of BJD also raised concerns over the shortage of LPG gas. She also questioned the timing of government's decision to send 5,000 tonne of diesel to Bangladesh, when the country itself is facing crisis.

Deo said the current crisis shows the government has no vision.

S Niranjan Reddy of YSRCP highlighted the challenges faced by the agri sector and raised the potential crisis of fertiliser.

Ministry of Chemicals and Fertilisers, in the supplementary demands, sought Rs 15,000 crore additional allocation under the nutrient-based subsidy.

India imports 100 per cent of potash, and 90 per cent of phosphatic raw materials. PTI KRH KRH ANU ANU

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