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March 17, 2026
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Digital credit access expanded through personalised cards, instant credit to loan conversion, EMI options and fraud protection.
AU Small Finance Bank expands digital, personalised consumer credit through a diversified credit card portfolio including a fully customisable card, co branded professional cards, upgrade pathways without fees, instant paperless conversion of credit limits into personal loans, and EMI conversion of purchases supported by digital tools, instant card controls, and zero liability protection to promote responsible, technology enabled access for young and first generation credit users.
March 17, 2026
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Cross border payments compliance improved: one day USD to INR settlement with transparent FX pricing and automated remittance documentation.
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March 17, 2026
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Safe maritime passage secured through diplomacy enabled LPG carriers to transit the Strait of Hormuz and reach Indian ports.
Negotiations between Indian authorities and Iranian counterparts secured safe passage for Indian-flagged LPG vessels through the Strait of Hormuz amid conflict, enabling the Shivalik and Nanda Devi to transit from the west side of the strait and proceed to Indian ports. Vessels maintained standoff distances until receiving clearance from headquarters; cargo discharge was allocated across Mundra and Mangaluru with the other vessel expected at Kandla. The incident is set against India's significant dependence on West Asian energy supplies and the blockade-related stranding of multiple ships.
March 17, 2026
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March 17, 2026
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Trade Growth: combined exports rising with widening import-driven deficit as services surplus offsets merchandise shortfall.
Combined merchandise and services exports for April-February 2025-26 are estimated at US$ 790.86 billion, up from US$ 747.58 billion, while combined imports are estimated at US$ 900.51 billion, producing a widened trade deficit. Merchandise exports rose modestly to US$ 402.93 billion against imports of US$ 713.53 billion, increasing the merchandise deficit. Services exports of US$ 387.93 billion and services imports of US$ 186.98 billion generate a sizeable services surplus that partially offsets the merchandise shortfall.
March 16, 2026
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Foreign exchange intervention stabilisation: RBI action counters pressures from crude-led trade shock and capital outflows.
The rupee strengthened marginally as equity gains and a softer US dollar offset pressures from rising crude prices and foreign outflows; analysts cited elevated oil import demand widening the trade deficit and placed part of the currency stabilisation on foreign exchange intervention by the Reserve Bank, with near term exchange rate direction to be influenced by global central bank decisions, US data, energy prices, and portfolio flows.
March 16, 2026
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Hoarding enforcement intensifies to curb illegal LPG stockpiling and stabilise supplies amid import-route disruptions.
State and local authorities increased enforcement against illegal LPG stockpiling and black marketing, conducting coordinated raids and inspections, registering cases under the Essential Commodities Act, seizing cylinders and detaining suspects, while governments and petroleum entities emphasised coordination among enforcement, distributors and oil-marketing companies and rolled out incentives to shift consumers from LPG to piped natural gas to stabilise supplies amid import-route disruptions.
March 16, 2026
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CURE Act statutory framework proposed to unify agencies and guide Telangana's urban development and economic transformation.
The state advances a spatially differentiated development strategy under the CURE-PURE-RARE framework and proposes a statutory governance structure through the CURE Act to replace the existing municipal framework, unify multiple agencies, and coordinate urban planning and infrastructure delivery to realise the Telangana Rising Vision 2047 and interim economic targets.
March 16, 2026
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Freedom of navigation: attacks on shipping and chokepoint security disrupt energy transit and prompt military protection measures.
Cross-border strikes and missile/drone barrages have produced damage to religious and civilian sites and disrupted maritime transit through the Strait of Hormuz, prompting military measures to protect freedom of navigation. The conflict has caused energy-market volatility and operational responses including alternative export routing and calls for allied naval presence. Incidents involving non state armed groups have prompted government statements prohibiting unauthorized armed activity and raised displacement and peacekeeping protection issues.
March 16, 2026
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Energy and trade security risks may disrupt exports and rural employment, prompting calls for contingency fiscal measures.
Parliamentary debate on the Appropriation Bill warned that the West Asia conflict and strained ties could disrupt Gulf trade routes, reduce exports, and displace millions of rural and semi urban workers, urging contingency plans for returning workers and protection of dependent families. The discussion flagged supply risks to LPG and fertilisers due to import dependence, noted a supplementary demand for additional nutrient based subsidy allocation, and criticised replacement livelihood frameworks for weakening existing employment guarantees, calling for targeted fiscal measures and timely notification of support schemes.
March 16, 2026
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Trade investigations risk harming bilateral economic relations as tariff measures prompt diplomatic concern ahead of planned visit.
China warned that US trade investigations into foreign manufacturing, launched after the US Supreme Court struck down earlier tariffs, could interfere with or damage bilateral economic and trade relations, and conveyed serious concern that investigation outcomes and subsequent tariff actions might undermine recently stabilised China-US economic ties reached after a prior tariff war and truce.
March 16, 2026
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War risk insurance denial halts rice exports, prompting calls for emergency relief to sustain mills and protect workers.
The West Asia conflict has caused export holds and storage backlogs for Bundi-Kota Basmati rice, with shipping companies denied war risk insurance and imposing steep surcharges, depressing local prices and creating storage and employment risks; millers request special government concessions and a targeted relief package to sustain production and protect workers.
March 16, 2026
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Free Trade Agreement implementation advances, coupled with Security and Defence Partnership to prioritise efficient delivery and regional stability.
The EU and India are concentrating on operationalising the recently concluded Free Trade Agreement and the signed Security and Defence Partnership, prioritising efficient implementation to deliver benefits to both populations; discussions also identified de escalation, stability and energy security as shared objectives while advancing practical trade measures and defence cooperation.
March 16, 2026
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Safe passage of Indian-flagged vessels ensured amid Strait of Hormuz disruptions through coordinated maritime measures and port relief.
Indian-flagged vessels faced disruption after an attack on the Fujairah oil terminal; the tanker Jag Laadki sailed safely from Fujairah and is due at Mundra. A DG Shipping Control Room and an inter-ministerial group are coordinating with ports and Customs to monitor movements, repatriate crew, and ensure seafarer welfare. Ports have offered operational and commercial relief-priority discharge, concessions on anchorage, berth hire and storage, temporary transshipment storage, and rebates on reefer plug-in charges-to maintain continuity of crude, gas and LPG supply chains and maritime trade.
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Dearness allowance increase raises state allowance level effective April for government employees and pensioners with fiscal implications.
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March 16, 2026
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Tariff measures on Indian goods altered bilateral flows, reducing exports to the US while imports and trade deficits expanded.
India's merchandise exports to the United States contracted in February amid elevated US tariff measures on Indian goods, while US imports into India rose; a subsequent change in US duties is expected to affect future monthly data. Over the 11-month fiscal period, imports from China surged faster than exports, driving a substantial bilateral trade deficit. The notice also records country-specific import and export movements, including a marked increase in imports from Switzerland driven by gold.
March 16, 2026
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Promotion of piped natural gas to relieve LPG supply pressure, with regulatory guidance and incentives to switch.
City gas distributors and the petroleum ministry are promoting conversion from LPG to piped natural gas through incentives and regulator guidance; CGD companies are to deploy additional resources and expedite connections via customer portals, call centres or other channels where pipelines exist, while the ministry urges online bookings, voluntary surrender of LPG where consumers have PNG, and state enforcement against hoarding and black marketing to manage LPG supply pressure.
March 16, 2026
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Trade Balance narrows as merchandise exports dip amid geopolitical disruptions and surge in gold imports, now affecting shipments.
Merchandise exports declined 0.81% to USD 36.61 billion in February while the trade deficit narrowed to USD 27.1 billion month on month. Imports rose sharply-led by gold, silver, and oil-contributing to a wider year on year gap. Geopolitical conflict in West Asia has disrupted maritime and air logistics, raising freight and insurance costs and expected to suppress March exports. The government is consulting exporters to mitigate impacts, and a prospective bilateral trade pact awaits a new tariff architecture.

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News and Press Release

Flash Report on Central Sector Infrastructure Projects worth ₹150 crore and above

March 25, 2026

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PAIMANA Portal Tracks 1,948 Infrastructure Projects worth ₹41.98 lakh crore as of February 2026

The Ministry of Statistics and Programme Implementation (MoSPI) continues to strengthen monitoring of Central Sector infrastructure projects through its PAIMANA platform, enabling improved tracking, timely reviews, and data-driven decision-making across Ministries. The portal tracks 1,948 Infrastructure Projects worth of ₹41.98 lakh crore as of February 2026.

Key Highlights

  • As of February 2026, 1,948 ongoing infrastructure projects, with a total revised cost of ₹41.98 lakh crore, are being monitored across 17 Central Ministries/Departments. The cumulative expenditure incurred on these projects stands at ₹19.71 lakh crore, accounting for approximately 46.95 per cent of the revised project cost, indicating steady progress in project implementation.
  • A significant proportion of projects are at advanced stages, with 740 projects (~38%) achieving over 80% physical progress, while 250 (~13%) have crossed 80% financial completion. The data also reflects a balanced pipeline, with projects distributed across early and advanced stages of implementation.
  • The Transport & Logistics sector (as per the DEA’s Harmonized Master List) accounts for the highest number of ongoing projects (1421 projects), with revised estimates of ₹22.96 lakh crore underscoring priority to connectivity-driven infrastructure growth.
  • 1,948 ongoing infrastructure projects include 793 Mega projects (project cost of ₹1,000 crore & above) with an original cost of ₹30.93 lakh crore, and 1,155 Major projects (project cost below ₹1,000 crore and up to ₹150 crore) amounting to ₹5.39 lakh crore.
  • Physical and financial progress broadly move in tandem, with a large number of projects clustered at the initial (0–20%) and advanced (81–100%) stages, indicating a pipeline of newly-started projects alongside many nearing completions. While physical progress exceeds financial progress in the 81–100% range, financial progress is relatively higher in the early stages, reflecting upfront expenditure patterns in project implementation.

2.   Ministry/ Departments-wise progress of Infrastructure Projects

  • Ministry of Road Transport & Highways accounts for the highest number of projects, with 1108 projects (56.88%), and a share of total project cost of ₹10.51 lakh crore (25.05%), highlighting its central role in national infrastructure development.
  • Ministry of Railways is implementing 245 projects (12.58%), and also commands the largest share of total project cost at ₹8.39 lakh crore (20%).
  • Ministry of Coal accounts for implementing 128 projects (6.57%), with a total project cost of ₹2.4 lakh crore (5.88%).
  • The Ministry of Petroleum & Natural Gas, Ministry of Power, Ministry of Housing & Urban Affairs, and the Department of Water Resources, River Development & GR are implementing 113, 101, 55, and 49 projects, with associated costs of ₹5.15 lakh crore, ₹5.25 lakh crore, ₹3.95 lakh crore, and ₹2.25 lakh crore, respectively.
  • The remaining 149 projects (7.64%), with a total cost of ₹3.98 lakh crore (10%), are distributed across various Ministries/Departments including Higher Education, Civil Aviation, Steel, Telecommunications, Labour & Employment, Ports, Shipping & Waterways, Health & Family Welfare, Mines, DPIIT, and Sports. (Refer Annexure I)

3.   Sector-wise (as per DEA’s Harmonized Master List of Infrastructure) Progress of Infrastructure Projects

  • Transport & Logistics remains the dominant sector, accounting for 55% of total revised project cost (₹22.96 lakh crore) across 1,421 projects (73 % of the total Projects), underscoring the central role of Roads & Highways, Railways, Aviation, Urban Public Transport, Shipping, and Inland Waterways in economic integration and logistics efficiency.
  • The Energy sector follows with 26% of aggregated revised cost (₹10.95 lakh crore) across 220 projects, reflecting sustained emphasis on Oil & Gas infrastructure, electricity generation, transmission and distribution networks, and energy storage systems.
  • Communication infrastructure, with a project cost of ₹2.74 lakh crore (7%) across 14 projects, represents targeted interventions aimed at strengthening digital connectivity.
  • Water & Sanitation projects account for ₹2.31 lakh crore (5%) across 71 projects, highlighting continued focus on essential urban services.
  • Social & Commercial infrastructure, comprising 74 projects with a revised project cost of ₹0.79 lakh crore (2%), reflects selective investments in education, healthcare, real estate, and tourism, hospitality and wellness.
  • Projects classified under ‘Others’, amounting to ₹2.22 lakh crore (5%) across 148 projects, indicate diversification across sectors such as coal, steel, metals, and mining.

(Refer Annexure II)

4.   Completed Projects and New Additions

  • During February 2026, 9 projects were commissioned, including major assets in Railway, and Petroleum & Natural Gas. Notable commissioned projects include the “Trivandrum - Kanyakumari” (₹ 3,785.45, crore), and the “PP Project, Pata” (₹ 1,299.02 crore).
  • During February 2026, 268 additional projects were brought under the monitoring of PAIMANA. Of these, 258 are from the Ministry of Road Transport & Highway, 6 are from Ministry of Petroleum & Natural Gas and 2 each from Department of Water Resources, River Development & GR and Ministry of Coal. These include:
    • Project - “Petro Resid Fluidized Catalytic Cracking [PRFCC] Unit and its associated facilities at Mumbai Refinery” (₹ 13,626 crore) of Ministry of Petroleum and Natural Gas.
    • Project – “Ken-Betwa Linking Development Project” (₹21,030 crore) of Department of Water Resources, River Development & GR.

5.   Next date of Press Release: Flash Report for the month of March 2026 would be released on 25th April 2026.

Note

  1. The press release summarizes highlights from the MoSPI’s Flash Report (February 2026) on Central Sector Infrastructure Projects (₹150 crore and above), available at https://www.ipm.mospi.gov.in/ or via the QR code.

 

  1. PAIMANA is a centralized web-based portal for monitoring of Central Sector Infrastructure Projects worth ₹150 crore and above. Operating on the "one data, one entry" principle, it integrates with DPIIT’s IPMP portal via APIs to automatically update more than 70% of project data from various Ministries/Departments. PAIMANA also serves as a national repository designed to standardize infrastructure monitoring and support informed decision-making for nation-building.

Annexure I

Ministry/ Departments-wise progress of Central Sector Infrastructure Projects

S. No

Ministry/ Department

Project Count

Revised Cost

Cumulative Expenditure           (₹ Thousand cr.)

(number)

(₹ Thousand cr.)

1

Ministry of Road Transport & Highways

1108

1051.57

323.51

2

Ministry of Railways

245

839.70

561.72

3

Ministry of Coal

128

247.07

78.07

4

Ministry of Petroleum & Natural Gas

113

515.65

290.68

5

Ministry of Power

101

525.31

194.61

6

Ministry of Housing & Urban Affairs

55

395.64

225.53

7

Department of Water Resources, River Development & GR

49

225.69

159.26

8

Department of Higher Education

29

14.45

7.93

9

Ministry of Civil Aviation

26

22.81

10.08

10

Ministry of Health & Family Welfare

23

21.47

8.03

11

Ministry of Steel

20

23.16

9.66

12

Department of Telecommunications

14

274.02

77.30

13

Ministry of Labour and Employment

13

3.47

1.85

14

Ministry of Ports, Shipping and Waterways

13

22.48

14.13

15

Ministry of Mines

7

10.98

7.20

16

Department for Promotion of Industry & Internal Trade

3

4.60

1.33

17

Department of Sports

1

0.61

0.57

 

Total

1,948

4,198.68

1,971.45

 

Annexure II

Sector-wise (as per DEA’s Harmonized Master List of Infrastructure) progress of Central Sector Infrastructure Projects

S. No

HML Category

Project Count

(number)

Revised Cost      (₹ Thousand cr.)

Cumulative Expenditure      (₹ Thousand cr.)

1

Transport & Logistics

1421

2,296.19

1,119.91

2

Energy

220

1,095.03

512.19

3

Water & Sanitation

71

231.14

163.21

4

Communication

14

274.02

77.29

5

Social & Commercial

74

79.51

32.9

6

Others

148

222.77

65.92

 

Total

1,948

4,198.68

1,971.45

***

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