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    Union Minister Of Commerce And Industry Shri Piyush Goyal Urges Industry To Leverage India–EFTA TEPA; Highlights $100 Billion FDI Commitment And Pot...
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March 13, 2026
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Legally binding investment commitment spurs FTA-driven investment and enhanced market access while preserving sensitive sector protections.
The India-EFTA TEPA embeds a legally binding investment commitment within an FTA, paired with a safeguard clause allowing India to claw back FTA benefits if investment pledges are unmet. The agreement furnishes near-complete services market access across EFTA parties, enables technology collaboration and capacity building, and maintains protections for sensitive sectors such as agriculture and dairy. A dedicated FTA facilitation desk and stakeholder engagement are promoted to convert treaty commitments into investment, trade and employment outcomes.
March 13, 2026
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Geographical Indication protection enabled first exports of Joha rice to the UK and Italy, expanding premium market access.
APEDA facilitated the first export consignments of Geographical Indication-tagged Joha rice to the United Kingdom and Italy by coordinating certification, exporter registration, processing and packing with state agriculture and plant quarantine authorities to ensure compliance with export standards.
March 13, 2026
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Economic Stabilization Fund to provide fiscal headroom for unanticipated crises and preserve the year's fiscal deficit within revised estimates.
The government proposes an Economic Stabilization Fund established via inter-account transfers in the second batch of supplementary demands for grants to create fiscal headroom for unanticipated crises and supply-chain disruptions; the fund is to be financed by a mix of net cash outgo and savings, and the additional expenditure is stated not to alter the fiscal deficit relative to the Revised Estimates.
March 13, 2026
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Foreign exchange reserves decline as central bank reports weekly reductions across foreign currency assets, gold, SDRs and IMF position.
India's foreign exchange reserves declined by USD 11.683 billion to USD 716.810 billion for the week ended March 6. The change comprised a USD 9.880 billion fall in foreign currency assets to USD 563.245 billion, a USD 1.612 billion decrease in gold reserves to USD 130.017 billion, a USD 0.146 billion reduction in SDRs to USD 18.720 billion, and a USD 0.045 billion drop in the IMF reserve position to USD 4.828 billion; foreign currency assets are stated in dollar terms including valuation effects of non US currencies.
March 13, 2026
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Presale utility claim: DeepSnitch AI touts a live verification network and presale mechanics with investor disclosures.
DeepSnitch AI is presented as an operational presale with a live verification intelligence network monitoring smart contracts, whale activity, liquidity changes, and suspicious on chain behaviour, contrasted with competitors whose promised features remain undeveloped; the article specifies presale stage, per token pricing, a confirmed presale deadline, a claim period before DEX listing, promotional early buyer bonuses, and a closing risk disclaimer advising independent financial advice and disavowing editorial responsibility.
March 13, 2026
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Monetary policy stance maintained; rates expected steady while inflation risk rises amid higher oil prices and trade shifts.
Fitch raised India's near-term GDP forecasts, attributing growth to domestic demand and investment, noted national accounts rebasing that smooths GDP estimates, and projected a short-term easing then recovery in investment linked to looser financial conditions. The report warns that higher global oil prices raise inflation risk while the Reserve Bank's neutral stance and expectation of unchanged policy rates are likely to persist. It also highlights that weaker domestic demand may boost net trade contribution and that external legal/regulatory changes, including a lower US effective tax rate and Section 122 tariffs, will affect external demand.
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
Show AI Summary
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
Show AI Summary
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
Show AI Summary
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.

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News and Press Release

PLI Schemes attract over ₹2.16 lakh crore investment, drive ₹20.41 lakh crore production and generate 14.39 lakh jobs

March 27, 2026

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Govt of India launched the ‘Make in India’ initiative on 25th September 2014 to facilitate Investment, foster Innovation, build best in class Infrastructure, and make India a hub for manufacturing, design, and innovation. Presently, Make in India 2.0 focuses on 27 sectors including 15 manufacturing sectors, implemented across various Ministries and Departments and State Governments. The list of sectors under Make in India 2.0 is enclosed at Annexure I.

The other major measures taken up under the “Make in India” initiative include Start- up India, National Single Window System, GIS enabled Land Bank, Foreign Direct Investment (FDI) policy reforms, PM Gati Shakti National Master Plan for integrated planning of multimodal infrastructure, Project Monitoring Group to remove bottlenecks in setting up of major infrastructure projects, setting up of industrial parks, interventions to improve ease of doing business, measures for reduction in compliance burden, rationalization of labor laws, introduction of Goods and Services Tax, policy measures to boost domestic manufacturing through public procurement orders and Phased Manufacturing Programme (PMP).

As part of Make in India initiative, the Production Linked Incentive (PLI) schemes have been  implemented  across  14  key  sectors,  namely  Large-Scale  Electronics Manufacturing (LSEM), IT Hardware, Pharmaceuticals, Bulk Drugs, Medical Devices, Automobiles and Auto Components, Advanced Chemistry Cell Batteries, Solar PV modules, Telecom & Networking Products, Food Processing, Textiles, Specialty Steel, White Goods, Drones & Drone Components by incentivizing incremental production and sales,. The PLI schemes have facilitated fresh investments in the identified sectors and supported the expansion of manufacturing capacities.

The PLI schemes have generated investments exceeding ₹2.16 lakh crore as of 31th December 2025. The investments made under the PLI Schemes have led to incremental production and sales of over ₹20.41 lakh crore, as of 31st December, 2025. Further, the Schemes have resulted in an employment generation of over 14.39 lakh (direct and indirect), and 836 applications have been approved across all 14 sectors covered under the PLI framework.

The impact of PLI Schemes has been significant across various sectors in India. The Schemes have contributed substantially towards strengthening domestic manufacturing capacity, enhancing exports, generating employment and reducing the import dependence across multiple strategic sectors. Details of actual investments, increase in production and employment generation during the last three years is enclosed at Annexure II. The state-wise data under PLI is not centrally maintained.

To support the development of Micro Small and Medium Enterprises (MSMEs), the Central Government supplements the efforts of State/UT Governments through various schemes, programmes and policy initiatives. This inter alia includes various schemes and programmes such as:-

  1. Prime Minister's Employment Generation Programme (PMEGP): PMEGP provides margin money subsidy up to 35%, for setting up of new micro enterprises, in the non-farm sector with project cost of Rs. 50 lakh for Manufacturing and Rs. 20 lakh for Service enterprises.

  2. Credit Guarantee Scheme for Micro and Small Enterprises:The scheme is implemented through Credit Guarantee Fund Trust for Micro and Small Enterprises to provide credit guarantee for loans extended to MSEs. The ceiling for guarantee coverage under the scheme is Rs 10 crore.

  3. Self-Reliant India (SRI) Fund: The fund has been set up to infuse Rs. 50,000 crore as equity funding in MSMEs with a provision of Rs. 10,000 crore from the Government of India and Rs. 40,000 crore through Private Equity/Venture Capital Funds. The Budget 2026-27 has also announced a support of Rs 2000 crore to top up the Self-Reliant India Fund set up in 2021 to continue support to micro enterprises and maintain their access to risk capital.

  4. Under the Digital India programme, the Ministry of Electronics and Information Technology (MeitY) offers services on Digital Infrastructure as a Utility, Governance and Services on Demand, Digital Empowerment of Citizens and MSMEs. Digital payments are also done by MSMEs through different platforms.

To attract investments and provide an enabling eco-system for the overall development across states and sectors the Central Government in collaboration with State Governments implements various schemes such as National Industrial Corridor Development Programme, UNNATI for the North-eastern States, New Central Sector Scheme for Jammu and Kashmir, Startup India.

Under the National Industrial Corridor Development Programme (NICDP), various greenfield industrial areas/region/nodes are being developed across India with the objective of creating manufacturing and investment destinations that are globally competitive. Till date about 20 projects under NICDP have been approved. Moreover, Industrial parks are being developed in partnership with state governments and private sector. There are currently 306 plug-and-play industrial parks in India, and an additional 20 plug-and-play industrial parks and smart cities are being developed by the National Industrial Corridor Development Corporation (NICDC).

The UNNATI (Uttar Poorva Transformative Industrialization) Scheme provides support to industries to enhance regional infrastructure, generate employment, and promote resilience and economic growth in the North-eastern States. Under this scheme, incentives like Capital Investment Incentive (CII), Capital Interest Subvention (CIS) and Manufacturing & Services linked incentive (MSLI) are being provided.

For the Industrial Development of Jammu and Kashmir, the Government of India is implementing the New Central Sector Scheme (NCSS), 2021 with a financial outlay of ₹28,400 Crore for encouraging new investments. Incentives like Capital Investment Incentive (CII), Capital Interest Subvention (CIS), Goods & Services Tax Linked Incentive (GSTLI) and Working Capital Interest Subvention (WCIS) are being provided under this scheme.

Further, the Government has approved the Employment Linked Incentive (ELI) Scheme to support employment generation, enhance employability and social security across all sectors, with special focus on manufacturing sector. With an outlay of Rs 99,446 Crore, the ELI Scheme aims to incentivize the creation of more than 3.5 Crore jobs in the country, over a period of 2 years. Out of these, 1.92 Crore beneficiaries will be first timers, entering the workforce.

The Government has been implementing the PM Internship Scheme with an objective to enhance industry-relevant skills, improve job readiness, and foster professional exposure through structured internships in India’s top-performing companies and institutions. In Round I of the Pilot Project, more than 1.81 lakh candidates have applied and the partner companies made over 82,000 internship offers to over 60,000 candidates. In Round II, more than 2.14 lakh candidates have applied and the partner companies made over 83000 internship offers to over 71000 candidates.

The Government has also been taking up various measures for facilitating and promoting investments across sectors through interventions to improve ease of doing business and policy measures to boost domestic manufacturing, which include National Single Window System, GIS enabled Land Bank, Foreign Direct Investment (FDI) policy reforms, PM Gati Shakti National Master Plan for integrated planning of multimodal infrastructure, Project Monitoring Group to remove bottlenecks in setting up of major infrastructure projects.

This information was given by the Minister of State for Ministry of Commerce & Industry, Shri Jitin Prasada, in Rajya Sabha today.

ANNEXURE-I

ANNEXURES REFERRED TO IN REPLY TO PARTS (a) to (c) OF THE RAJYA SABHA UNSTARRED QUESTION NO. 3880 FOR ANSWER ON 27.03.2026

Manufacturing Sectors

  1. Aerospace and Defence

  2. Automotive and Auto Components

  3. Pharmaceuticals and Medical Devices

  4. Bio-Technology

  5. Capital Goods

  6. Textile and Apparels

  7. Chemicals and Petro chemicals

  8. Electronics System Design and Manufacturing (ESDM)

  9. Leather & Footwear

  10. Food Processing

  11. Gems and Jewellery

  12. Shipping

  13. Railways

  14. Construction

  15. New and Renewable Energy

Service Sectors

  1. Information Technology & Information Technology enabled Services (IT & ITeS)

  2. Tourism and Hospitality Services

  3. Medical Value Travel

  4. Transport and Logistics Services

  5. Accounting and Finance Services

  6. Audio Visual Services

  7. Legal Services

  8. Communication Services

  9. Construction and Related Engineering Services

  10. Environmental Services

  11. Financial Services

  12. Education Services

 

ANNEXURE-II

ANNEXURES REFERRED TO IN REPLY TO PARTS (a) to (c) OF THE RAJYA SABHA UNSTARRED QUESTION NO. 3880 FOR ANSWER ON 27.03.2026

Details of actual investments, increased in production and employment generation under PLI Schemes

Details/Year

Upto FY 2022-23

Upto FY 2023-24

Upto FY 2024- 2025

Upto FY 2025-26*

Investments

0.51 lakh crore

1.18 lakh crore

1.76 lakh crore

2.16 lakh crore

Sales/Production

4.50 lakh crore

9.71 lakh crore

16.50 lakh crore

20.41 lakh crore

Employment

3 lakhs

8 lakhs

12 lakhs

14.39 lakhs

*upto 31st December 2025

Topics

Acts Income Tax