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    WeBank Wins Four Awards from The Asian Banker, Gaining International Recognition for its Digital Inclusive Finance Practices
    Exports dip marginally to USD 36.61 billion in February
    Wholesale price inflation rises 2.13 pc in February
    Rupee falls 13 paise to 92.43 against US dollar
    Advisory on the Payment of pre-deposit while filing of appeal before First Appellate authority
    Department of Commerce organizes Chintan Shivir on strengthening India’s Medical Devices export ecosystem
    IICA Convenes Fifth Inter-Ministerial Consultation on Responsible Business Conduct and Social Dimension of ESG
    IEPFA and SEBI to Organise ‘Niveshak Shivir’ in Bhubaneswar to Empower Investors and Simplify Grievance Redressal and Unclaimed Dividend Claims
    DRI cracks down on organised gold smuggling and illegal melting racket operating in Delhi and Kolkata; gold, silver and cash worth ₹14.13 crore ...
    Funeral held for Turkish truck driver killed in missile strike in Iran
    Maharashtra govt will look into hotel sector's commercial gas supply concerns: Bhujbal
    Indian crude tanker sails out of UAE's Fujairah safely
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    I-T deptt asks taxpayers to ignore 'significant transaction' alert on email
    The Latest: Iran threatens UAE ports as war enters third week
    Punjab govt to set up 3 exhibition centres: Chief Minister Bhagwant Mann
    Jitendra Singh lays foundation stone of Rs 600 cr pharma manufacturing facility in Kathua district
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March 16, 2026
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Digital inclusive finance recognition: WeBank's AI driven model advances accessibility and SME credit access across regions.
WeBank won four awards recognising its digital inclusive finance model and customer accessibility initiatives, retaining regional digital bank titles and adding awards for SME banking and a sign language service. The bank's AI native strategy strengthens infrastructure, toolchains, applications, governance and organisational design to integrate AI across business scenarios, deploying numerous AI applications and agents to enhance efficiency, risk management and customer experience. Its digital lending product Weiyedai and the Weilidai sign language service expand timely credit access for micro and small enterprises and provide accessible service for customers with hearing impairments.
March 16, 2026
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Trade deficit widens as merchandise exports dip and imports surge, signalling supply-chain and geopolitical risks to trade.
Merchandise exports fell marginally in February while imports rose sharply, producing a monthly trade deficit; year to date exports rose modestly but imports grew faster. The Commerce Secretary warns of expected export softness in March due to logistical disruptions from the West Asia crisis, with trade-route interruptions, notably in the Strait of Hormuz, cited as the principal constraint on outbound shipments.
March 16, 2026
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Wholesale price inflation rises driven by food and non-food articles, while retail inflation also edges upward.
Wholesale price inflation rose to 2.13% in February led by increases in food articles and manufactured products, with non-food articles spiking; fuel and power continued to record negative inflation. Retail inflation also rose to 3.2% in February, and the central bank has lowered policy rates in the current fiscal year while focusing on retail inflation for benchmark rate decisions.
March 16, 2026
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Foreign exchange stability: rupee weakened as capital outflows and reserves decline increased market pressure.
Foreign exchange stability: the rupee weakened against the US dollar as foreign portfolio outflows, higher global crude prices and volatile equity markets drove the currency to near intra day lows; exchange data showed significant FII net selling and a notable weekly decline in forex reserves reported by the central bank, highlighting interacting external and domestic drivers relevant to reserve management and market stability.
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.
Payments made through Form GST DRC-03 are not automatically recognised against a Demand ID for pre-deposit calculation. Taxpayers must file Form GST DRC-03A on the GST portal to map the DRC-03 payment to the relevant Demand ID so that the Electronic Liability Register reflects the adjustment and the automated pre-deposit check will not require duplicate payment when filing an appeal.
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.
The consultation advanced embedding Responsible Business Conduct and the social dimension of ESG across corporate, labour and financial frameworks by mapping national initiatives to the National Guidelines on Responsible Business Conduct, aligning SEBI's Business Responsibility and Sustainability Reporting with labour and social data, designing tiered compliance mechanisms for smaller enterprises, and exploring integration of employee wage protection and ESG considerations into insolvency and restructuring under the Insolvency And Bankruptcy Code.
March 16, 2026
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Unclaimed dividend facilitation enabling direct investor access to recovery, KYC update, and on site grievance redressal services.
Facilitation of unclaimed dividends and shares via a one stop public outreach event connecting investors directly with companies and Registrars and Transfer Agents, offering on the spot KYC updates, nomination services, and immediate assistance for pending claims to streamline grievance redressal and recovery of long held unclaimed assets.
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.
An enforcement operation uncovered an organised syndicate smuggling foreign-origin gold into India, transporting it by rail to illegal melting facilities where the gold was defaced to remove identifying marks before sale; seizures under the Customs Act, 1962 recovered gold, silver and currency and six persons involved in the collection, transport, melting and disposal were arrested.
March 15, 2026
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Strait of Hormuz access disrupted, prompting multinational responses and elevated risks to regional shipping and energy flows.
A civilian freight convoy returning from Afghanistan to Turkey was struck near Zanjan in northwest Iran, killing a Turkish truck driver and leaving his vehicle shredded by shrapnel with a large crater at the site. Concurrent regional developments include restrictions on Strait of Hormuz access for certain states, discussion of strikes on energy infrastructure, a planned phased partial shutdown by a major aluminum producer due to blocked exports, and humanitarian and ordnance-clearance responses to civilian impacts.
March 15, 2026
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Domestic gas priority may limit commercial hotel supplies; government seeks balanced approach to prevent operational disruptions.
The central advisory mandates uninterrupted household PNG and CNG supply and has led to regulated reductions in industrial and commercial gas deliveries, with commercial LPG allocated to states for priority distribution; Maharashtra will review hotel sector concerns and seek a balanced approach to protect domestic consumers while addressing commercial supply hardships.
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.
The Ministry amended the LPG (Regulation of Supply and Distribution) Order to require consumers with PNG connections to surrender domestic LPG connections and forbade Government oil companies and distributors from providing domestic LPG connections or refills to consumers who already own PNG, while PNGRB instructed CGD companies to prioritise and accelerate domestic PNG rollout, deployment, permissions, and last-mile connectivity to reduce pressure on LPG supplies.
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.
The government has increased kerosene production as an alternative cooking fuel, diversified LPG/LNG and crude import sources to mitigate shipping-route disruptions, and maintained sufficient fuel stocks. The Commerce Ministry is engaging stakeholders through a 24-hour helpline and developing schemes that provide insurance cover for export cargo damaged, lost or delayed due to maritime disruptions, with a forthcoming concrete action agenda to support exporters.
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.
The tax authority advised taxpayers to ignore recent email alerts about significant transactions from the Advance Tax e Campaign because some messages contained inaccurate transaction details; it is coordinating with its service provider to resolve the issue and directed taxpayers to verify details using the e Campaign tab on the Compliance Portal via the e Filing portal to ensure appropriate advance tax compliance.
March 14, 2026
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Attack on critical port infrastructure declared legitimate targets, prompting evacuation warnings and heightened risks to energy transit.
Iran threatened strikes on UAE ports, urging evacuation of Jebel Ali, Khalifa and Fujairah after alleging US forces operate from those civilian facilities and thereby designating them legitimate targets; the warning accompanies ongoing missile and drone exchanges, reported damage to Iran's Kharg Island oil export terminal and disruption of the Strait of Hormuz, while the UAE detained foreigners for posting alleged war-related disinformation.
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.
The Punjab government will establish three world-class exhibition centres at Ludhiana, New Chandigarh and Amritsar to give industry dedicated venues to showcase products, boost commerce, attract investment and support export-oriented growth as part of a wider strategy to expand food processing, encourage agricultural diversification, and increase farmer incomes through value addition.
March 14, 2026
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Production Linked Incentive Scheme drives domestic manufacture of a critical antibiotic intermediate to reduce import dependence and boost supply resilience.
The project establishes domestic manufacture of the critical antibiotic intermediate Amino Cephalosporanic Acid (ACA) in Kathua, financed under the Production Linked Incentive Scheme with public facilitation, aiming to reduce import dependence, strengthen pharmaceutical supply resilience, generate local employment, and align with the Biopharma Shakti policy to expand national biopharmaceutical capacity.
March 14, 2026
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Police appointments: state upgrades and reassigns senior intelligence and economic offences officers, creating additional charges for related posts.
The state government upgraded and appointed B Bala Naga Devi from Additional DGP, Intelligence to DGP, Intelligence, while assigning additional charge to Santosh Kumar as Additional DGP, Economic Offences Wing and to Rupesh Kumar Meena as Additional DGP, Civil Supplies CID to maintain leadership continuity across those divisions.
March 14, 2026
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Industry support pledged to strengthen domestic manufacturing and reduce reliance on imports, with state backing for exporters.
Commitment to state-led industry support in Punjab to promote domestic manufacturing, reduce dependence on imported consumer goods, provide required environment and resources to enable local manufacturers to compete with foreign suppliers and begin exporting, and remove government interference to restore regional industrial competitiveness.

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The Banker Media Announces Asia’s Leading Annual Summit for Urban Cooperative Banks in Lucknow

March 24, 2026

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New Delhi [India], March 24: The Bharat Cooperative Banking Summit & Awards 2026, organised by The Banker Media, a flagship annual urban cooperative banks summit will be held from 5th to 7th June 2026 at Hotel Ramada, Lucknow. RUGR SIL Pvt. Ltd. joins BharatCoop 2026 as the Presenting Partner, reinforcing its leadership in regulatory technology, risk management solutions, and AI-driven compliance systems tailored to the unique needs of cooperative banks. The three-day event will convene CXOs, senior leaders, policymakers, technology experts, and innovators from cooperative banks across India to deepen strategic dialogue on the future of cooperative banking. Now recognised as a premier platform in the Indian financial ecosystem, BharatCoop 2026 embraces the theme “Empowering Cooperative Banks for an AI-Driven Future.” The Cooperative Banking Summit 2026 will explore how cooperative banks can leverage artificial intelligence, digital innovation, cybersecurity, and leadership strategies to enhance operational resilience, regulatory compliance, and customer-centric growth. Vivek Gupta, Chief Executive Officer, National Federation of Urban Cooperative Banks & Credit Societies Ltd. (NAFCUB) said, “The Bharat Cooperative Banking Summit 2026 is a platform for the sector to collaborate, innovate, and align with the evolving regulatory and digital landscape shaping the future of urban cooperative banking in India. It brings together leaders, regulators and technovators (technology innovators) offering a pivotal platform for knowledge exchange, and collective progress under one roof." Organised as one of the country’s most focused platforms dedicated exclusively to cooperative banks, the summit will convene chairpersons, CEOs, board members, regulators, fintech partners, and technology solution providers for three days of dialogue, strategy, and collaboration. This cooperative bank summit will spotlight the transformation of cooperative banking in an era increasingly shaped by artificial intelligence, digital infrastructure, cybersecurity resilience, and evolving regulatory expectations. The event will feature keynote addresses from sector leaders, high-level panel discussions, closed-door CXO roundtables, and solution showcases designed to bridge the gap between traditional banking models and future-ready digital operations. This Banking Summit and Awards 2026 will also recognise excellence within the cooperative movement through its awards segment, celebrating institutions and leaders who have demonstrated measurable impact in governance, innovation, financial inclusion, and digital transformation. With participation expected from cooperative banks across multiple states, the June summit aims to strengthen inter-state collaboration while aligning the sector with national priorities around financial inclusion, secure digital payments, and responsible AI adoption. Set against the cultural and administrative prominence of Lucknow, this cooperative banking summit event is positioned to play a pivotal role in shaping the next phase of cooperative banking reform and innovation in India. This cooperative banking summit and awards 2026 will also honour outstanding contributions to the cooperative movement through the Bharat Ratna Sahakarita Samman Awards 2026, recognising excellence in leadership, innovation, and service within the sector. Professionals, sponsors, exhibitors, and thought leaders interested in participating can visit the official event website for registration details, sponsorship packages, and speaking opportunities. About Bharat Cooperative Banking Summit & Awards (BharatCoop) Established as a transformative annual forum, the BharatCoop Summit brings together decision-makers and innovators to accelerate digital and strategic initiatives within India’s cooperative banking sector. Over the years, the event has emerged as a leading platform for industry collaboration, policy discourse, and tech-driven solutions tailored to cooperative banking challenges. About The Banker Media The Banker Media is a premier media platform dedicated to covering the banking, fintech, and financial services ecosystem in India. It delivers timely news, in-depth articles, expert interviews, and analysis on trends shaping the world of finance, technology adoption in banking, digital transformation, regulation, and market performance. The platform brings together leaders, innovators, decision-makers, and practitioners through insightful content, impactful storytelling, and strategic networking opportunities aimed at empowering professionals across the BFSI sector. For more information, you can visit: https://bharatcoop.com (Disclaimer: The above press release comes to you under an arrangement with PNN and PTI takes no editorial responsibility for the same.). PTI PWR

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