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    India, US remain engaged for a mutually beneficial trade pact: Commerce ministry
    EXPLAINER: Why kerosene and coal are making a temporary comeback in India
    Lok Sabha approves supplementary demands for grants for additional Rs 2.01 lakh cr spending in FY26
    Economic Stabilisation Fund to help govt respond to global challenges: Sitharaman
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    NXT Conclave 2026: PM Modi Unveils India’s Energy Strategy
    DRI raids illegal Alprazolam factory in Andhra Pradesh under Operation “White Hammer”; 237 kg drugs worth ₹47 crore and over 3.5 tonnes of c...
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March 13, 2026
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Trade investigations drive continued India-US engagement on a bilateral trade pact amid parallel tariff measures and policy scrutiny.
India's commerce ministry has denied reports of a pause in bilateral talks with the United States, confirming continued engagement toward a mutually beneficial trade agreement. This diplomatic position arises as the US launches new Section 301 trade investigations into policies of several economies, including India, and implements broad tariff measures following a domestic court decision, creating the policy context for negotiations.
March 13, 2026
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Emergency fuel measures temporarily reintroduce kerosene and permit alternate fuels for hospitality to protect household cooking supplies.
India has introduced temporary emergency measures to manage an energy supply shock from disrupted Strait of Hormuz transit: additional kerosene allocations for households, temporary permission for hotels and restaurants to use biomass, RDF and coal, limited commercial LPG allocation, extended LPG refill intervals, expanded delivery authentication to curb hoarding, and a committee to assess genuine commercial demand, while sourcing cargoes from diverse suppliers and increasing domestic LPG output.
March 13, 2026
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Supplementary demands approval permits additional government expenditure while keeping the fiscal deficit within revised estimates.
Passage of the second batch of supplementary demands for grants authorises additional net cash expenditure for the current fiscal year by increasing gross authorised outlays while offsetting part of that increase through estimated additional receipts, yielding a stated net additional cash requirement. The government states the additional authorised spending will be managed within the fiscal deficit projected in the Revised Estimates and does not raise total expenditure above the original Budget Estimates.
March 13, 2026
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Economic Stabilisation Fund created to provide fiscal headroom and buffer for global shocks; supplementary spending approved.
An Economic Stabilisation Fund of one lakh crore is proposed as a contingency buffer to provide fiscal headroom and absorb unforeseen global shocks; its allocation is included in the second batch of supplementary demands for grants alongside additional spending on fertiliser subsidies, PMGKAY, defence and other heads. The Finance Minister affirmed that the fiscal deficit for 2025-26 will remain within the Revised Estimates and that the supplementary does not increase total expenditure beyond the Budget Estimates.
March 13, 2026
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Tariffs under trade statutes shift import costs to consumers, increasing household burdens and prompting broad trade investigations.
The administration is replacing invalidated emergency tariffs by pivoting to alternative statutory authorities to sustain tariff revenue, using short-duration emergency levies, broader trade-investigation powers to target unfair or excessive foreign production, and national-security based tariffs after Commerce inquiries. Procedural limits and legal challenges constrain some measures, while analysts and Democratic reports conclude tariff costs will be passed to consumers-through importer pass-through and higher domestic prices-so households will bear the economic burden.
March 13, 2026
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Energy strategy emphasizes infrastructure expansion and self reliance to mitigate war driven supply shocks and strengthen strategic reserves.
India's energy policy adopts a two pronged strategy of expanding domestic energy infrastructure and strengthening self reliance to reduce import dependence. Key operative elements include enlargement of strategic petroleum reserves, expansion of LNG terminals and pipeline networks, increased LPG, PNG and CNG penetration, rapid growth in renewable capacity and railway electrification, and demand substitution measures such as ethanol blending and bio gas. Concurrently, authorities are urged to monitor markets and take strict action against black marketing and misinformation to preserve supply chain integrity.
March 13, 2026
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Illicit manufacture of psychotropic drugs exposed, large-scale seizure and arrests disrupt organised production and supply networks.
Operation White Hammer uncovered an organised clandestine industrial facility manufacturing Alprazolam, a psychotropic substance under the NDPS Act, 1985, disguised as a chemical unit. Searches recovered a large commercial quantity of finished Alprazolam, extensive precursor chemicals and industrial-scale processing equipment, evidencing systematic production and distribution capabilities and supporting investigation of offences including manufacture and possession for supply.
March 13, 2026
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Regulatory engagement with NBFCs to coordinate interagency solutions and strengthen KYC and sector reforms.
Department of Financial Services convened NBFCs with RBI, Department of Revenue and UIDAI to discuss operational issues and pursue stakeholder consultation for practical solutions. The Secretary urged NBFCs to enhance financial robustness and serve underserved customers, proposed a workshop with UIDAI and NPCI on effective KYC, and requested SROs to design a reform framework to strengthen the sector and coordinate interagency responses.
March 12, 2026
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Tourist tax imposed on hotel stays linked to GST status, applying distinct rates for domestic and foreign travellers.
The Jharkhand City Tourist Tax Rules, 2025 impose a tourist levy on travellers staying in urban hotels, calculated on the total invoice value, with differentiated rate bands tied to a hotel's GST status and separate rates for domestic and foreign tourists, establishing a GST-linked municipal tax on hotel stays within urban areas.
March 12, 2026
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Budgetary transparency concerns allege fiscal mismanagement and contested tax attribution, challenging infrastructure and employment claims.
The article alleges financial and intellectual bankruptcy of the 2026-27 Karnataka Budget, criticizing it for substituting blame of the Central Government for substantive policy action, failing in revenue collection, and resorting to increased borrowing that allegedly burdens the state. It disputes asserted achievements-staffing, infrastructure, housing, and employment-due to lack of supporting details, and challenges the government's tax-attribution claims by noting corporate multi-state operations and central expenditures that complicate simple measures of fiscal return to the state.
March 12, 2026
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Director disqualification for persistent non filing bars reappointment and requires state action and regulatory penalties.
The court ruled that non filing of financial statements and annual returns for consecutive years triggered statutory disqualification under the Companies Act and barred reappointment, and that absence of valid Director Identification Numbers constituted an independent disqualification. It quashed the prior administrative finding that excused disqualification for certain years, directed the state to facilitate appointment of directors and immediate elections, and instructed the Inspector General of Registration to take action including statutory penalties; the court held that an amnesty scheme did not remove disqualification.
March 12, 2026
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Asset attachment under PMLA triggers provisional seizure of properties linked to alleged diversion of public funds.
Provisional attachment proceedings under the Prevention of Money Laundering Act were issued to seize multiple land parcels linked to RHFL and RCFL following searches and an investigation that alleges public funds raised by those companies were diverted into group entities through numerous shell entities, converting substantial lending into non-performing assets and prompting action based on a predicate FIR and bank complaints.
March 12, 2026
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Rural credit mobilisation expands refinance and direct lending to strengthen women-led enterprises and farmer producer organisations.
Launch of rural financing and support initiatives to strengthen women-led enterprises, FPOs and rural livelihoods through credit linkages, infrastructure support and value-addition units. The package combines refinance and direct lending channels, supplemented by Rural Infrastructure Development Fund allocations, and includes distribution of sanction letters and disbursements to JLGs and FPOs alongside credit outreach to banks, implementing agencies and beneficiaries.
March 12, 2026
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Inflation target band preserved as CPI edges higher due to food-led pressures, keeping rate policy pause plausible.
Retail inflation rose but remained within the central bank's inflation target band, driven mainly by food prices while core inflation stayed unchanged; analysts cautioned that geopolitical-driven crude price rises could transmit into CPI and support a near-term pause in policy easing. Data use the 2024 CPI base and show regional variation, compiled from urban and village price collection.
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.

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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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