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    Government Strengthens Institutional Credit Framework for Agriculture and Allied Sectors
    Rupee falls 12 paise to settle at record low of 92.40 against US dollar
    West Asia crisis: India's second LPG carrier 'Nanda Devi' arrives at Gujarat port
    Maharashtra is power surplus, prepared for industry demand: Fadnavis
    AU Small Finance Bank Strengthens Access to Smart Credit Solutions as India''s Digital Spending Accelerates
    Efficient Capital Labs Unveils ECL Flow to Simplify Cross Border Payments Between the US and India for AI and SaaS Companies
    Jamshedpur man among crew of LPG vessel back from West Asia, family heaves sigh of relief
    CCI Organises 11th Edition of National Conference on Economics of Competition Law
    The cumulative exports (merchandise & services) during April-February 2025-26 is estimated at US$ 790.86 Billion, as compared to US$ 747.58 Billion in...
    Rupee gains 2 paise to 92.28 against US dollar
    LPG supply: Oppn raises issue in Parliament; crackdown on hoarding in multiple states
    Telangana's GSDP for 2025-26 stands at Rs 17.82 lakh cr: Governor Shiv Pratap Shukla
    Shrapnel from Iranian missile barrage falls near Church of Holy Sepulchre in Jerusalem
    Opposition slams govt on West Asia crisis; warns of trade, jobs and energy fallout
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    West Asia conflict hits export of Bundi Basmati as rice worth Rs 300 cr stuck at ports, say millers
    EU, India focus on implementing FTA, defence deal: von der Leyen
    Indian oil tanker to arrive Tuesday after sailing from attacked UAE port
    Coordinated Efforts of Government, RBI and NPCI Accelerate Growth in Digital Payments
    Government Strengthens Financial Inclusion Ecosystem Through Flagship Schemes
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March 17, 2026
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Priority sector lending targets and Kisan Credit Card expansion improve institutional credit access for agriculture and allied sectors.
Ground Level Credit targets are set annually by region, agency and loan category with dedicated allied activity targets; Priority Sector Lending mandates a specified allocation of Adjusted Net Bank Credit to agriculture including a sub target for Small and Marginal Farmers, supported by district incentive/dis incentive measures; Kisan Credit Card coverage and the Modified Interest Subvention Scheme provide concessional short term finance with prompt repayment incentives; collateral free short term loan limits were raised; NABARD prepares district Potential Linked Credit Plans and extends short and long term refinance and concessional support to rural financial institutions and targeted subsectors.
March 17, 2026
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Currency depreciation pressures foreign exchange stability and may prompt central bank intervention to stabilise markets.
Sharp currency depreciation against the US dollar, driven by rising crude prices and continued foreign institutional investor outflows, has tightened external balances and coincided with rising wholesale inflation. The central bank may deploy market-stabilising tools-including forex intervention and reserve management-while monitoring international monetary policy and domestic macro indicators to calibrate responses and guide short-term USD-INR trading ranges.
March 17, 2026
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Priority handling of incoming LPG vessels mandated to ensure expedited, safe ship-to-ship transfers and uninterrupted domestic fuel supply.
Ministry directive mandates priority handling of incoming LPG vessels at Vadinar, requiring expedited ship-to-ship transfers to daughter vessels and strict adherence to safety protocols. Vadinar port authority must ensure maximum operational efficiency, rigorous multi-agency monitoring, and elimination of procedural bottlenecks so transfers and subsequent discharges at eastern ports are completed as expeditiously as possible.
March 17, 2026
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Power tariff stability with ToD concessions and storage-driven renewable integration to meet industrial and data centre demand.
Maharashtra maintains a stable tariff regime while revising the Time-of-Day (ToD) tariff to align with solar generation-offering daytime concessions-and plans further tariff reductions to support industry and data centre growth. The policy pairs renewable targets (52% by 2030; 65% by 2035) with large-scale battery and pumped storage investments to ensure grid stability and round-the-clock cheaper power, and notes regulatory procurement estimate corrections that avoided potential financial stress.
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.
ECL Flow is a cross border payments platform for AI and SaaS companies that provides one business day USD to INR settlement, transparent foreign exchange pricing, automated compliance documentation including foreign inward remittance certificates, and real time payment tracking to reduce delays, clarify FX costs, and improve cash flow predictability for payroll and vendor payments.
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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Competition law: adapt enforcement and regulation for digital markets and AI to prevent ecosystem entrenchment and ensure interoperability.
The Conference emphasised the central role of competition law and economics in preventing concentration and exclusion, identifying four institutional pillars-contestability, information symmetry, non discriminatory infrastructure access, and independent enforcement-and called for adaptation of the competition toolkit for digital markets and AI to prevent ecosystem entrenchment and ensure data portability and interoperability. It noted regulatory steps including operationalising 2023 amendments, a revised cost of production regulation for predatory pricing, a proactive approach to combinations, use of a settlement mechanism, and a market study plus guidance on AI risks and self audit measures.
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.
March 16, 2026
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Digital payments governance reinforces technical safeguards and reporting avenues, enhancing adoption while addressing fraud and inclusion challenges.
Unified Payments Interface drives the majority of retail digital transactions, underpinned by incentives, interoperability and inclusion measures, while technical and procedural safeguards - including device binding, two factor authentication, transaction limits and AI/ML fraud monitoring - together with awareness campaigns and national reporting platforms, form the framework for fraud mitigation and secure adoption across urban and rural users.
March 16, 2026
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Financial inclusion expanded through flagship schemes broadening access to banking, insurance, pensions and credit for underserved groups.
The central effort advances financial inclusion via flagship schemes that expand access to banking, insurance, pensions and collateral free credit for underserved households and micro enterprises, leveraging the JAM (Jan Dhan Aadhaar Mobile) digital pipeline to deliver welfare benefits through Direct Benefit Transfer.

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HIGHLIGHTS

March 27, 2026

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New Delhi, Mar 27 (PTI) Following are the top stories at 5.10 pm: TOP STORIES DEL34 BIZ-3RDLD PETROL-EXCISE CUT (3.38 PM) Govt cuts excise duty on petrol, diesel; slaps windfall tax on fuel exports New Delhi: The government has slashed excise duty on petrol and diesel by Rs 10 per litre, averting a pump price hike that had become necessary because of soaring global oil prices.

FGN34 NEPAL-BALEN-2NDLD OATH (4.56 PM) Rapper-turned-politician 'Balen' sworn in as Nepal's 47th PM Kathmandu: Rapper-turned-politician Balendra Shah 'Balen,' took oath as Nepal's democratically elected prime minister on Friday, around six months after the K P Sharma Oli-led government was ousted in a Gen-Z protest that shook the nation. By Shirish B Pradhan LGD8 UP-HC-LIVE IN RELATIONSHIP (4.45 PM) Live-in relationship between married man, consenting adult woman not a crime: Allahabad HC Prayagraj: The Allahabad High Court has said that a married man living in a consensual live-in relationship with an adult woman does not amount to a criminal offence under law.

NATION DEL28 PM-NEPAL-BALEN (1.56 PM) Modi congratulates Balendra Shah on becoming Nepal's new PM New Delhi: Prime Minister Narendra Modi on Friday congratulated Balendra Shah 'Balen' on being sworn in as Nepal's new prime minister, saying that he looks forward to working closely with him to deepen India-Nepal ties for the mutual benefit of both nations.

DEL26 ED-RELIANCE-CHARGESHEET (1.23 PM) ED to file chargesheet in Rs 40,000 crore loan 'fraud' involving ex-RCOM president New Delhi: The Enforcement Directorate may on Friday file a chargesheet as part of its money laundering probe into an alleged Rs 40,000 crore loan fraud involving Reliance Group chairman Anil Ambani's group company RCOM and its past executives, official sources said.

DEL35 CONG-EXCISE-3RDLD FUEL (3.36 PM) Excise duty cut on petrol-diesel due to assembly polls: Congress slams govt New Delhi: The Congress on Friday alleged that the government's excise cuts on petrol and diesel were because of assembly elections and pointed out that consumer prices in India were not reduced even when global crude oil prices fell on seven different occasions in the past 12 years.

PAR15 LS-SULE-CRASH (4.08 PM) Supriya Sule raises Ajit Pawar plane crash in LS, seeks time-bound probe New Delhi: NCP-SP leader Supriya Sule on Friday demanded a time-bound probe into the plane crash that killed former Maharashtra Deputy Chief Minister Ajit Pawar and criticised the state government for not filing an FIR in the matter.

DEL45 DEF-CONTRACTS (4.20 PM) Govt inks twin defence deals worth Rs 858 crore New Delhi: The defence ministry on Friday signed a Rs 445 crore contract with Russia's Rosoboronexport for procurement of an air defence missile system for the Indian Army.

DEL27 DL-SONIA GANDHI-HOSPITAL (1.23 PM) Sonia Gandhi's health shows improvement, will be discharged from hospital soon: Doctors New Delhi: Senior Congress leader Sonia Gandhi's health is showing steady improvement, and she will be discharged from the hospital within one to two days, her doctors said on Friday.

CAL20 WB-POLLS-ABHISHEK (4.43 PM) Modi govt may hike fuel prices after assembly polls: Abhishek Banerjee Kolkata: Senior Trinamool Congress leader Abhishek Banerjee on Friday said there is a strong possibility that the BJP-led central government will increase the prices of cooking gas and transport fuel after the assembly elections are over on April 29.

CAL19 WB-MAMATA-LPG (4.38 PM) LPG cylinders produced in Bengal should not be sent outside: Mamata Kolkata: West Bengal Chief Minister Mamata Banerjee on Friday reiterated her demand that cooking gas produced in the state should not be diverted elsewhere in the country, citing concerns over a perceived LPG shortage amidst the ongoing West Asia conflict.

MDS16 TN-POLLS-AIADMK-LIST (4.01 PM) AIADMK announces second list of party candidates for Apr 23 TN Assembly polls Chennai: The Opposition AIADMK in Tamil Nadu on Friday announced the second list of its party candidates for the April 23 Assembly election, retaining some of its MLAs.

DEL30 PREZ-ECONOMIC-POLICY (3.21 PM) 'Behind every statistic lies human story', economic policy should improve people's lives: Murmu New Delhi: Asserting that behind every statistic lies a human story, President Droupadi Murmu on Friday said that the true measure of economic policy is not merely in numbers, but in its outcome.

BOM9 MH-ZIRWAL-FADNAVIS (2.44 PM) Will take appropriate decision on Zirwal issue after verifying facts: Fadnavis (2.44 PM) Mumbai: Maharashtra Chief Minister Devendra Fadnavis on Friday said an “appropriate decision” on minister Narhari Zirwal will be taken after verification of facts in connection with a viral video showing the NCP leader with a trans-person in a bedroom.

LEGAL BOM6 MH-HC-AMBANI-PIL (1.23 PM) HC junks plea seeking CBI probe against Mukesh Ambani, RIL over ‘illegal’ gas extraction Mumbai: The Bombay High Court on Friday dismissed a petition seeking a CBI probe against Reliance Industries Limited and its chairman and managing director Mukesh Ambani for alleged unlawful extraction of natural gas from ONGC’s Krishna-Godavari basin fields.

LGD7 CJI-JUDGES VACANCY (3.56 PM) CJI writes to HCs for expeditious filling of vacant posts, prioritising elevation of women judges New Delhi: Chief Justice of India Surya Kant has written to chief justices of high courts for expeditious filling up of judicial vacancies with special focus on elevation of women judges for ensuring diversity in the benches.

BUSINESS DEL24 BIZ-LPG-ALLOCATION (1.15 PM) Govt raises commercial LPG supply to 70 pc of pre-war demand, prioritises key industries New Delhi: The central government has increased commercial LPG allocations to states by 20 per cent, raising the quota to 70 per cent of pre-war demand to meet industrial requirements, including steel and automobiles.

FOREIGN FES20 LANKA-HEALTH SCAM (3.47 PM) Former Sri Lanka health minister fined LKR 75 million for purchasing substandard medicines Colombo: The Supreme Court on Friday fined a former health minister Sri Lanka rupees 75 million for violating fundamental rights by importing medicines under an Indian credit line in 2022 through a company not registered for the purpose. PTI AMJ AMJ

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