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    US has given 'permission' to India to accept Russian oil, says Treasury Secretary Bessent
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    UK’s focus has 'decisively shifted' to delivery of India FTA, Parliament told
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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.
March 6, 2026
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RBI co-lending framework enables joint gold loans with lead originator handling sourcing and servicing, and shared underwriting oversight.
A co-lending arrangement under the Reserve Bank of India's co-lending framework establishes a participation-based funding structure where the NBFC leads loan sourcing, onboarding, KYC, gold valuation, collections and servicing, while credit assessment and sanctioning occur under a mutually agreed credit framework; risks and rewards are shared in line with regulatory guidance and structured governance, compliance oversight and joint portfolio monitoring are implemented to ensure transparency and prudent portfolio management.
March 6, 2026
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Export support measures to mitigate shipping disruptions and enable exporters to manage surcharges, insurance and contractual risks.
Government will use coordinated policy tools and the export promotion machinery, via an inter ministerial group, to engage shipping stakeholders and mitigate elevated freight rates, war risk surcharges and insurance premiums affecting exporters. Measures under consideration include fiscal and credit support, restraint on insurance premium increases, waivers of port charges where cargo is rolled, and customs and central bank facilitation for returning, redirecting or diverting in transit cargo; exporters also seek formal recognition of disruption as a force majeure type event to prevent contractual penalties.
March 6, 2026
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Education as a service can broaden India's export reach by internationalising higher education and promoting dual degrees.
Education as a service is presented as a strategic export sector enabled by the National Education Policy, which permits international campuses, dual degree arrangements and cross-border student exchanges. The document advocates modular dual-degree models, curriculum updates incorporating international trade and emerging technologies, faculty retraining, and infrastructure upgrades to retain outbound students and attract inbound students. It calls for coordinated action among government, academia and industry to operationalise internationalisation, expand student mobility and strengthen the global competitiveness of Indian higher education institutions.
March 6, 2026
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RBI intervention may cap currency depreciation amid energy-driven pressure on the rupee and balance of payments.
Rupee depreciation pressures from higher crude prices and capital outflows led to an intraday decline, with indications of RBI intervention in spot and offshore NDF markets to curb volatility; a temporary external allowance for refiners eased immediate supply stress, while analysts warn that persistent energy shocks could raise inflation, widen the current account deficit and complicate monetary and fiscal management.
March 6, 2026
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Power tariff reduction implemented from April eases rates for domestic, commercial, industrial consumers and lowers EV charging costs.
Power tariff reductions will take effect from April 1: domestic consumers receive a per-unit cut beyond the existing monthly 300-unit concession and reduced fixed charges per kilowatt; commercial traders and shopkeepers obtain per-unit reductions by load capacity; a low fixed per-unit charge is set for electric vehicle charging; fixed charges for industrial connections up to a specified capacity are reduced and the industrial segment faces no tariff increase in the coming financial year; advocates are reclassified to residential tariff.
March 6, 2026
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Mandatory Biometric Update urged for children as new Aadhaar Seva Kendra expands regional enrolment and service access.
An advanced Aadhaar Seva Kendra has been inaugurated in Ranchi to enhance Aadhaar service delivery. Authorities urged completion of the Mandatory Biometric Update for children at prescribed ages to ensure access to government schemes and avoid registration problems; schools were asked to help reduce pending MBUs. UIDAI currently operates ASKs in three Jharkhand districts and plans a phased expansion of new centres to additional districts to increase regional enrolment capacity.

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The World Famous American Pan-Asian Brand, P.F. Chang's, Debuts in the Tricity with Mohali Restaurant at HLP Gallerria

March 25, 2026

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Mohali, Punjab, India (NewsVoir) P.F. Chang’s, the globally celebrated culinary brand known for its elevated Pan-Asian cuisine and immersive dining experience, opens its first restaurant in Mohali at HLP Gallerria. Marking its debut in the Tricity region, the launch is in line with the brand’s strategic expansion plans in North India and the next chapter of its growth journey in the country. Founded in 1993, P.F. Chang’s has spent over three decades honoring the 2,000-year-old tradition of wok cooking, bringing high-heat technique, scratch preparation and layered Asian flavors to more than 300 restaurants across 20+ countries. With Mohali, the brand extends this global legacy to a new audience that appreciates bold flavors and contemporary Asian food served with honor. With seven restaurants already operating across Mumbai and Delhi-NCR, the Mohali restaurant is P.F. Chang’s eighth restaurant in India, extending the brand’s presence beyond established metro strongholds into high-potential Northern markets. Ramit Bharti Mittal, Executive Chairman & Director, Gourmet Investments Pvt. Ltd, said: “At P.F. Chang’s, we have built a loyal following in India by staying true to our culinary roots while evolving with the modern Indian diner. Mohali today is one of North India’s most happening food destinations, with guests who are eager to experiment. Our entry here today is therefore perfectly timed to fit into this vibrant food culture by offering bold, new flavors and globally benchmarked experiences.” Taylor Viersen, VP, Global Brand Development, P.F.Chang’s, stated: “Expanding into the Tricity market is a proud milestone in our strategic growth across India, a market that remains a top priority for P.F. Chang’s. We look forward to delivering our signature bold flavors, world-class standards, and ‘wok-first’ culinary heritage to Mohali.” At the heart of the experience lies the brand’s signature 700-degree wok fire, designed to preserve texture, flavor intensity and nutritional value. Guests can savor iconic American Pan-Asian dishes such as Chang’s Lettuce Wraps, Dynamite Shrimp and Kung Pao Chicken, alongside an expansive menu curated for Indian diners, including vegetarian and Jain selections. Guest favorites like the Great Wall of Chocolate, the always ordered Orange Chicken and the Lo Mein are also sure to attract new fans. All dishes are served completely MSG-free, reinforcing the brand’s commitment to quality and purposeful cooking. Recognizing Punjab’s affinity for robust, comforting flavors, the menu also highlights chicken-forward classics that showcase the brand’s layered approach to spice, heat and texture. Jerry Thomas, Culinary Head- Restaurants, said: “Our cuisine is built on technique and precision. High-heat wok cooking, fresh ingredients and sauces prepared from scratch every day are fundamental to what we do. Alongside globally loved classics, the Mohali menu introduces locally crafted expressions inspired by the P.F. Chang’s culinary legacy, including dishes such as Hunan Chili Chicken, Ring of Fire Shrimp and Crispy Lotus Root, each bringing bold flavor, balance and the signature wok-fired intensity the brand is known for.” In addition to its culinary offerings, P.F. Chang's is committed to delivering an exceptional dining experience characterized by attentive service and a warm, inviting atmosphere. The Mohali outpost will feature stylish interiors, making it an ideal setting for family gatherings, celebrations and casual dining. As P.F. Chang’s continues its measured expansion into key Northern markets, the focus remains clear: tradition, embrace innovation and deliver bold Asian flavors served with purpose. About P.F. Chang’s Website: pfchangs.in Instagram: www.instagram.com/pfchangsindia/?hl=en Founded in 1993 by Paul Fleming and Philip Chiang, P.F. Chang’s created a modern Asian dining experience within a premium casual format. The brand’s culinary foundation lies in traditional wok cooking and scratch preparation, with dishes cooked over high heat to retain texture and flavor balance. P.F. Chang’s operates more than 300 restaurants across 20+ countries and positions itself as a destination for social dining and shared meals. In India, P.F. Chang’s currently operates seven outlets: Mumbai — Lower Parel (Lodha), Khar, Andheri, Borivali (Sky City Mall) Delhi-NCR — DLF Mall of India (Noida), Ambience Mall (Vasant Kunj), CyberHub (Gurugram) Fact Sheet Where: Ground Floor, West Court HLP Gallerria, Sector 62, Mohali. Timings: Dine in operational hours - 12 to 11 pm (Disclaimer: The above press release comes to you under an arrangement with Newsvoir and PTI takes no editorial responsibility for the same.). PTI PWR

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