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    West Asia crisis: Govt provides certain relaxations to exporters to meet obligations
    Kerala: Five held for smuggling high-end used cars from Bhutan; DTO among accused
    Domestic LPG price hiked by Rs 60 per cylinder to Rs 913
    Implementation of Unique Identifiers for Aadhaar-based Authentication Transaction.
    Regarding the reimbursement of the amount equivalent to the State Goods and Services Tax (SGST) payable for the exhibition of the film "Shatak – 100...
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March 7, 2026
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Export obligation relief extends EO for specified advance and EPCG authorisations without composition fee to aid exporters facing shipping disruptions.
The DGFT has automatically extended the export obligation period, block-wise, for specified advance authorisations and EPCG authorisations expiring between March and May, until August 31, 2026, without payment of the composition fee, supplementing existing foreign trade policy extension mechanisms to assist exporters affected by shipping and supply-chain disruptions.
March 7, 2026
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Vehicle smuggling exposed; arrests follow forged registrations and alleged official complicity, customs pursue custody.
A cross border smuggling scheme brought high end used vehicles from Bhutan into India without payment of Customs duties, re registering them using forged documents; Customs' "Operation Numkhor," aided by state police, led to arrests, seizures and a planned court application for custody to further investigate alleged organiser conduct including involvement of a District Transport Officer and duplicate registrations identified by the auditor.
March 7, 2026
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Emergency powers invoked to boost domestic LPG production amid supply disruptions following Middle East conflict.
Retail LPG prices for household and commercial cylinders were increased, with non subsidised domestic cylinders and Ujjwala beneficiaries affected and commercial cylinders rising by a larger margin; the hikes are attributed to global energy price spikes and supply disruptions via the Strait of Hormuz. To augment domestic supplies, the government invoked Emergency Powers directing refineries to ramp up LPG production, while state taxes continue to cause regional price differences.
March 7, 2026
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Unique Transaction Identifiers mandated for each scheme to improve traceability; notify UIDAI and adopt LITE code where applicable.
REs implementing Aadhaar authentication must embed a Unique Transaction Identifier (up to five alphabetic characters appended to the transaction ID) for each scheme/service/use case, notify UIDAI using the Annexure III format before implementation, and follow Annexure I guidelines; low volume government entities may apply for a LITE Code via their AUA/KUA under the SOP in Annexure II, with secure logging, compliance obligations, and license/penalty consequences if thresholds are exceeded.
March 7, 2026
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SGST reimbursement for film exhibition approved subject to print week limits, ticket price restrictions, and treasury deposit compliance.
Reimbursement of the State Goods and Services Tax (SGST) equivalent for the film is approved subject to conditions: no increase in prevailing entry fees or changes to seating-class capacities; a statewide cumulative print week ceiling limiting the product of prints and weeks and an overall exhibition duration cap of three months; ticket sales must reflect reduction of the SGST component during the notified period; and multiplex/cinema owners must deposit the SGST amount into the treasury following the prescribed procedure.
March 7, 2026
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Free Trade Agreements expansion broadens market access and mobility, protecting sensitive sectors while promoting exports and investment.
India has expanded its network of Free Trade Agreements, implementing bilateral and plurilateral instruments that broaden preferential market access for agriculture, exporters of garments, leather and handicrafts, AYUSH and organic products, and digital services, while introducing mobility and post-study work pathways and measures to catalyse investment; negotiations are described as balancing market access with protections for sensitive sectors and domestic industry to align trade expansion with national self-reliance and economic transformation.
March 7, 2026
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Permission to import Russian-origin oil as a short-term supply waiver allows select deliveries to Indian ports under strict conditions.
The Treasury issued a time-limited authorization allowing sale, delivery and offloading in India of Russian-origin crude oil and petroleum products loaded on vessels on or before March 5, 2026, authorised through April 4, 2026, provided delivery/offloading occurs at an Indian port and the purchaser is an entity organised under Indian law; the general license is narrowly limited to those transactions and does not authorise other transactions prohibited by separate Executive orders or the Iranian Transactions and Sanctions Regulations.
March 7, 2026
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Labor market weakness deepens as employers cut jobs and unemployment rises, complicating monetary policy choices.
Significant net job losses and a rising unemployment rate signal renewed strain in the labour market: employers cut 92,000 jobs in February, pushing the unemployment rate to 4.4 percent and reversing January's stronger payroll gain. Job losses were broad-based across healthcare, restaurants and bars, construction, manufacturing, administrative support, and courier services, while average hourly wages increased modestly year over year.
March 6, 2026
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Free Trade Agreement delivery shifts to implementation, emphasising tariff liberalisation, procurement access and parliamentary ratification.
The Government has shifted focus to operationalising the India-UK Comprehensive Economic and Trade Agreement (CETA), advancing entry-into-force and parliamentary ratification while highlighting tariff liberalisation for UK exports and exclusive access to India's federal procurement market; peers urged attention to implementation mechanics, services and investment gaps, SME support, and comparative analysis with other India agreements.
March 6, 2026
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Supplementary demands for grants approved to enable presentation of upcoming budget estimates and statutory audit reports in the legislature.
The state cabinet approved the presentation of supplementary demands for grants for the current year and the forthcoming year's budget estimates, and authorized laying the Comptroller and Auditor General's audit reports along with the government's Finance and Appropriation Accounts in the legislature, constituting executive clearance for budget supplementation, upcoming fiscal planning, and statutory audit disclosure.
March 6, 2026
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Electricity tariff revision reduces consumer rates while preserving utility financial viability and promoting EV charging affordability.
The Punjab State Electricity Regulatory Commission's 2026-27 tariff order reduces energy and fixed charges across domestic, commercial and industrial categories while maintaining PSPCL's financial viability; it preserves a 300-unit-per-month free domestic entitlement, lowers per-unit and fixed charges for specified load and consumption bands, reclassifies lawyers' chambers to domestic tariff treatment, and sets a low tariff for electric vehicle charging to encourage clean mobility.
March 6, 2026
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Money laundering: Discharge sought after predicate offence closure; enforcement agency ordered to respond to the challenge.
A public representative has moved a discharge application under money laundering law, arguing no money laundering offence is made out because the predicate offence has been closed. The Enforcement Directorate's prosecution follows an FIR alleging that a cooperative bank, after taking possession under SARFAESI, conducted an allegedly undervalued auction of a sugar mill asset based on a questionable valuation and disputed bidder disqualifications, and the court has directed the agency to respond to discharge applications.
March 6, 2026
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Exchange rate risk may rise from prolonged Middle East crisis, potentially stoking inflation and straining energy dependent sectors.
Prolonged Middle East escalation can transmit higher energy prices into the domestic economy, creating exchange rate pressure and inflationary impulses via shipping disruptions and damage to regional energy infrastructure; subdued capital flows and a flight-to-safety may aggravate currency weakness, while energy dependent sectors like fertilisers and petrochemicals face vulnerability. Offsetting these risks are ample foreign exchange reserves, a low current account deficit in H1 FY26, still-moderate inflation, strong GDP momentum, and policy measures-including trade diversification and Budget 2026-27 fiscal-capex initiatives-expected to strengthen external resilience.
March 6, 2026
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Rupee depreciation risks persist as energy-driven pressures and fund outflows may prompt central bank intervention.
Rupee depreciation to 91.82 was driven by rising crude prices, Middle East geopolitical tensions, foreign fund outflows and weak domestic equities; the US allowance for limited Russian oil purchases provided temporary relief. Rating commentary highlighted risks of higher inflation and a wider current account deficit if energy prices remain elevated. Analysts signalled that sustained oil-price spikes could compel stronger central bank intervention in spot and offshore non-deliverable forward markets to contain volatility.
March 6, 2026
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OFAC waiver for stranded Russian oil permits deliveries to Indian entities but legal clarity on dealings with sanctioned entities is sought.
A US Treasury licence allows delivery, sale and offloading of Russian-origin crude and petroleum products loaded before March 5, 2026, to purchasers organised under Indian law until April 4, 2026; it permits purchases of cargoes stranded at sea, including on sanctioned vessels, but is silent on whether transactions with sanctioned entities are allowed, prompting Indian refiners to seek legal opinion while acquiring mainly non sanctioned cargoes to rebuild inventories amid regional supply disruptions.
March 6, 2026
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Inclusive public procurement expands market access for startups, women entrepreneurs and MSEs through digital storefronts and capacity building.
SWAYATT expands direct access of startups, women entrepreneurs, youth, MSEs and SHGs to public procurement via GeM by using digital infrastructure, dedicated storefronts, capacity building and ecosystem partnerships to reduce market entry barriers, improve discoverability among government buyers and promote transparent transactions; GeM reports sustained increases in participation and order volumes for these seller segments over the seven-year period, attributing growth to platform-driven inclusivity, outreach and targeted support measures.
March 6, 2026
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Energy security through alternative fuels faces entrenched petroleum resistance, challenging policy efforts to transition transport to greener fuels.
The article identifies resistance from petroleum interests as a primary obstacle to achieving Energy Security by promoting non-polluting indigenous fuels, compressed bio-gas and other alternative fuels. It describes government commitments to make the transport ecosystem smart, safe and sustainable by 2030 through support for technology, market entry and rural economic benefits, while warning that vested commercial interests may impede regulatory deployment and market scaling of green fuels.
March 6, 2026
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Token presale utility signals promising demand and positions traders ahead of listing, subject to investor risk disclosures.
The commentary promotes DeepSnitch AI's token presale as a superior speculative opportunity based on live on chain utilities (Feed, Scan, Cast GPT, Audit, Explorer), a small cap and presale pricing with a 300% bonus ahead of a March 31 launch. It contrasts DeepSnitch's live product driven demand with ONDO's RWA tokenization fundamentals and Kaspa's PoW architecture, stresses a limited window to access the presale before listings, and includes a risk disclaimer urging independent financial advice.
March 6, 2026
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Foreign exchange reserves rise as central bank reports gains across foreign currency assets, gold, SDRs and IMF reserve position.
The central bank's weekly reserves report records an increase in foreign exchange reserves driven by growth in foreign currency assets, a rise in gold reserves, a marginal uptick in Special Drawing Rights, and an improved reserve position with the IMF, with part of the foreign currency assets movement attributable to valuation effects from non US currencies.
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.

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275 former judges, officials slam US international religious freedom report

March 21, 2026

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New Delhi, Mar 21 (PTI) As many as 275 former judges, civil servants and armed forces veterans have criticised a recent report by the United States Commission on International Religious Freedom (USCIRF), which recommended a ban on the RSS.

Terming it "highly motivated", they said it displayed "intellectual bankruptcy and deranged calculations".

In a joint statement issued on Saturday, they urged the US government to carry out a strict background check of all the contributors to this "highly prejudiced and untenable report" in USCIRF, alleging vested interests aimed at vitiating their goodwill with the people of Bharat.

"USCIRF's recommendation to freeze assets, restricted movement of Bharatiya citizens and placing restrictions on those associated with RSS is highly motivated, and displays intellectual bankruptcy and deranged conclusions," the signatories said in a joint statement.

"All six commissioners of USCIRF are appointed by US Government and funded by American Taxpayers through the US Congress. We call upon the US Government to carry out a strict background check of all the contributors to this report in USCIRF.

"It will be an eye opener to the tax payers of US, whose funds are being used by USCIRF to produce highly prejudiced and untenable reports to promote hidden agenda of some anti-Bharat vested interests to vitiate their goodwill with the people of Bharat," they added.

The statement also raised concerns over what it termed USCIRF's recurring tendency to portray Indian institutions and socio-cultural organisations such as the RSS in a negative light without adequate context.

"It shows the recurring tendency of USCIRF to portray Indian state institutions and socio-cultural organizations such as the Rashtriya Swayamsevak Sangh (RSS) in an overwhelmingly negative aspects, often without proper macro-level evidence.

"It raises legitimate concerns about analytical balance. The RSS, with its extensive grassroots presence and contributions to social service and nation-building, may well be subject to critique, but such critique must be grounded in verifiable evidence and contextual understanding, not only on broad generalizations," it said.

They emphasised that India, as the world's largest democracy with a robust judicial system and institutional oversight, provides limited scope for violations of religious rights to go unaddressed.

"Bharat is the largest democracy of the world. Given the robust, time tested judicial system, vibrant democratic institutions and Parliamentary oversight, there's very less scope for individuals or organizations to go scot-free after violating someone's religious rights," the signatories added.

A total of 275 signatories include 25 retired judges, 119 retired bureaucrats, including 10 ambassadors, and 131 armed forces officers.

The signatories include former Supreme Court judges such as Justice Adarsh Kumar Goel (also former NGT chairman) and Justice Hemant Gupta, former chief election commissioners OP Rawat and Sunil Arora, former foreign secretary Kanwal Sibal, former NIA director Yogesh Chander Modi, and several retired IAS, IPS, and armed forces officers, among others.

The joint statement was coordinated by former ambassador Bhaswati Mukherjee and former additional chief secretary M Madan Gopal. PTI ADI MNK MNK

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