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    India got best trade deal with US among competing nations; both share powerful relationship: Goyal
    Gujarat: Three held for exporting etomidate disguised as aloe vera powder, personal care ingredient
    LPG price hiked by Rs 60; govt says impact just 20 paise/person/day, no petrol or diesel hike
    West Asia crisis: Ministry asks ports to consider waiving charges, issues SoP
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March 7, 2026
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Trade preference: India secured preferential market access under a bilateral framework with the US, affecting tariffs and procurement.
A bilateral trade framework with the US sets reciprocal tariff adjustments and market-access commitments, with India agreeing to reduce or eliminate tariffs on a broad set of US industrial and agricultural products and declaring procurement commitments for US goods; final legalisation is pending after changes in US tariff policy and postponement of negotiators' talks.
March 7, 2026
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Illicit export of controlled drug by mislabelling and forged customs papers exposed, forensic testing confirmed substance.
Three individuals were arrested for exporting etomidate by mislabelling consignments as aloe vera powder and a personal care ingredient, using forged customs documents and air cargo from Mumbai; Raman spectrography confirmed etomidate, the suspects admitted contacts with overseas drug-cartel members, and shipments were bound for jurisdictions where etomidate is treated as a controlled or prohibited substance.
March 7, 2026
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Government emergency power to direct refineries ensures LPG supply while domestic cooking gas prices rise.
Domestic cooking gas prices were raised significantly and commercial LPG rates were increased separately; state differentials reflect local tax incidence. The rise was linked to global energy price spikes and supply disruptions through the Strait of Hormuz. The government invoked emergency powers to direct refineries to boost LPG production and indicated petrol and diesel prices will not be raised immediately because state oil companies can absorb short term cost pressures.
March 7, 2026
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Port facilitation measures urged to permit charge waivers and operational steps to manage disruption from West Asia crisis.
The Ministry's Standard Operating Procedure requires each port to appoint a nodal officer as single point of contact to secure timely action and mandates that ports consider, case by case and depending on circumstances, requests for reduction, waiver or remission of charges including storage rent and change of vessel charge; permit storage of Middle East bound cargo as transshipment cargo; allot additional storage; facilitate ad hoc berthing and expedited return movement of export cargo; prioritise perishable cargo handling; and coordinate with Customs and DGFT for implementation.
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.

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Customs & Trade

How Energy Star Ratings Affect the Price of Window Air Conditioners

March 25, 2026

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Energy-efficient home cooling has become increasingly important as households try to manage electricity expenses without compromising comfort. Among the many ways to evaluate an AC, the Energy Star label remains one of the clearest indicators of long-term savings and environmental performance. Yet, few buyers understand how these ratings directly influence the price of a window air conditioner. Understanding what level of efficiency is ideal for practical use, and how costs compare to other alternatives is vital.

This blog explains how Energy Star ratings work, why they matter, and how they affect both the upfront investment and lifetime ownership cost of window ACs.

What Energy Star Ratings Really Mean Energy Star ratings are awarded to air conditioners that meet strict energy-efficiency standards defined by the Bureau of Energy Efficiency (BEE). These ratings, given in stars, represent how much cooling an AC can deliver per unit of electricity consumed.

• More stars mean higher efficiency.

• Higher efficiency means lower electricity bills.

• Lower energy waste means better environmental performance.

A higher-rated AC typically uses advanced components such as high-density air filters, blue fin coating for heat-exchange efficiency, improved airflow systems, and smart, eco-friendly modes. These enhancements improve performance and can significantly affect the window air conditioner price.

How Energy Star Ratings Affect the Upfront Price Energy Star ratings often increase upfront costs because higher-rated window ACs are built with more efficient components, smarter controls, and tighter performance standards. This section explains what drives that initial premium and how it connects to real-world cooling and power use.

Higher-rated ACs Use More Advanced Components A 3-Star or 5-Star window AC includes components engineered for optimized energy use. These may include: • High-density Filter for improved air purification • 100% copper tubing with Inner Grooved Tube (IGT) for better thermal conductivity • Blue fin or hydrophilic coating to reduce corrosion and enhance cooling efficiency • Turbo cooling operations that maintain efficiency even at higher fan speeds These features naturally raise the price of a window air conditioner because they cost more to produce.

Enhanced Power Management Systems Energy-efficient units often include: • Auto Drain • Self-diagnosis and Memory Function • Timer On/Off • Multiple Fan Speeds • Auto Restart Protection The combination of smart features improves ease of use while ensuring minimal energy loss, but it also increases manufacturing costs. This pushes up the price of a window air conditioner compared to non-rated or lower-rated models.

Better Motors and Compressors Higher Energy Star ratings require motors that work more efficiently. These motors: • Maintain airflow without drawing excess power • Reduce heat buildup • Support modes like Turbo, Sleep, Dry, and Fan modes • Enable quieter, long-lasting performance.

As a result, the price of a window air conditioner with a better motor will naturally be higher.

Impact of Energy Star Ratings on Long-term Operating Cost Even though a higher star rating increases the upfront price of a window air conditioner, the long-term savings can be substantial.

• Lower Monthly Electricity Bills Consider a window AC with 1525W power consumption and a 3-Star BEE rating. A similar 1-Star AC might consume more power. Over a full summer, the energy savings can be significant.

• Better Durability and Lower Maintenance High-efficiency ACs often use corrosion-resistant technologies such as blue fin coating. This improves heat transfer and protects the coils, extending AC life and reducing repairs.

• Reduced Wear and Tear Efficient systems cool faster, so they operate under lower strain. Less strain means longer lifespan.

When you factor in these benefits, the price of a window air conditioner with a higher Energy Star rating becomes justified.

How to Choose the Right Star Rating for Your Home When deciding how star ratings influence the price of a window air conditioner, consider: 1. Usage Patterns If your AC runs daily for long hours, a 3-Star or higher rating helps control power bills over time. For occasional use, a 2-Star model can balance comfort with reasonable upfront costs.

2. Room Size Window ACs suit small to medium rooms where cooling demand stays predictable. In larger spaces, efficiency drops faster, so sizing correctly matters to avoid higher running costs and uneven cooling.

3. Budget vs. Long-term Savings A lower star rating can reduce the initial spend, but it may raise monthly electricity costs. Higher-rated models cost more upfront yet often deliver better payback through lower consumption and longer durability.

4. Electricity Tariffs in Your Region In areas with higher electricity tariffs, efficient ACs deliver stronger savings because every unit of power costs more. Higher star ratings help cut usage, making your operating expenses easier to manage.

Beyond star ratings, you can choose other models based on room size, noise preference, installation limits, and maintenance needs. If you want quieter cooling and premium efficiency, a split air conditioner 1.5 ton can be a strong alternative. Compare features, service support, and operating costs before finalising.

Buy Smarter Today, Spend Less All Season Choosing a higher star rating is ultimately a decision about long-term comfort and cost control, not just the sticker tag. When you evaluate the price of a window air conditioner, treat energy efficiency as an investment that can protect you from rising power bills and performance drop-offs over time.

Compare star ratings alongside real-use factors like room size, daily runtime, and local electricity tariffs, then shortlist models that match your routine without overpaying for capacity you will not use.

Electronic brands such as Kelvinator offer multiple efficiency tiers, so you can pick the right balance of upfront spend, dependable cooling, and ownership value.

(Disclaimer: The above press release comes to you under an arrangement with NRDPL and PTI takes no editorial responsibility for the same.). PTI PWR PWR

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