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    Rupee falls 13 paise to 92.43 against US dollar
    Advisory on the Payment of pre-deposit while filing of appeal before First Appellate authority
    Department of Commerce organizes Chintan Shivir on strengthening India’s Medical Devices export ecosystem
    IICA Convenes Fifth Inter-Ministerial Consultation on Responsible Business Conduct and Social Dimension of ESG
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March 16, 2026
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Foreign exchange stability: rupee weakened as capital outflows and reserves decline increased market pressure.
Foreign exchange stability: the rupee weakened against the US dollar as foreign portfolio outflows, higher global crude prices and volatile equity markets drove the currency to near intra day lows; exchange data showed significant FII net selling and a notable weekly decline in forex reserves reported by the central bank, highlighting interacting external and domestic drivers relevant to reserve management and market stability.
March 16, 2026
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Pre-deposit linkage: link DRC-03 payments via DRC-03A on portal to avoid duplicate pre-deposit when filing appeal.
Payments made through Form GST DRC-03 are not automatically recognised against a Demand ID for pre-deposit calculation. Taxpayers must file Form GST DRC-03A on the GST portal to map the DRC-03 payment to the relevant Demand ID so that the Electronic Liability Register reflects the adjustment and the automated pre-deposit check will not require duplicate payment when filing an appeal.
March 16, 2026
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Regulatory harmonization for medical devices drives export policy to expand global market access and manufacturing competitiveness.
Strengthening India's medical devices export ecosystem focuses on regulatory harmonization, streamlining approval processes, and coordination between industry and regulators to reduce compliance bottlenecks and facilitate exports, supported by trade policy measures to improve market access. Complementary measures include development of manufacturing clusters, expansion of testing and certification capacity, and incentives for research and development and innovation to build global brand recognition and scale high value manufacturing.
March 16, 2026
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Responsible Business Conduct: integrating ESG into corporate reporting, labour protections and insolvency frameworks for better market alignment.
The consultation advanced embedding Responsible Business Conduct and the social dimension of ESG across corporate, labour and financial frameworks by mapping national initiatives to the National Guidelines on Responsible Business Conduct, aligning SEBI's Business Responsibility and Sustainability Reporting with labour and social data, designing tiered compliance mechanisms for smaller enterprises, and exploring integration of employee wage protection and ESG considerations into insolvency and restructuring under the Insolvency And Bankruptcy Code.
March 16, 2026
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Unclaimed dividend facilitation enabling direct investor access to recovery, KYC update, and on site grievance redressal services.
Facilitation of unclaimed dividends and shares via a one stop public outreach event connecting investors directly with companies and Registrars and Transfer Agents, offering on the spot KYC updates, nomination services, and immediate assistance for pending claims to streamline grievance redressal and recovery of long held unclaimed assets.
March 16, 2026
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Smuggling of foreign-origin gold disrupted with seizures and arrests under customs enforcement, highlighting illegal melting and transport.
An enforcement operation uncovered an organised syndicate smuggling foreign-origin gold into India, transporting it by rail to illegal melting facilities where the gold was defaced to remove identifying marks before sale; seizures under the Customs Act, 1962 recovered gold, silver and currency and six persons involved in the collection, transport, melting and disposal were arrested.
March 15, 2026
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Strait of Hormuz access disrupted, prompting multinational responses and elevated risks to regional shipping and energy flows.
A civilian freight convoy returning from Afghanistan to Turkey was struck near Zanjan in northwest Iran, killing a Turkish truck driver and leaving his vehicle shredded by shrapnel with a large crater at the site. Concurrent regional developments include restrictions on Strait of Hormuz access for certain states, discussion of strikes on energy infrastructure, a planned phased partial shutdown by a major aluminum producer due to blocked exports, and humanitarian and ordnance-clearance responses to civilian impacts.
March 15, 2026
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Domestic gas priority may limit commercial hotel supplies; government seeks balanced approach to prevent operational disruptions.
The central advisory mandates uninterrupted household PNG and CNG supply and has led to regulated reductions in industrial and commercial gas deliveries, with commercial LPG allocated to states for priority distribution; Maharashtra will review hotel sector concerns and seek a balanced approach to protect domestic consumers while addressing commercial supply hardships.
March 15, 2026
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Maritime safety: Indian-flagged tanker sailed from UAE after terminal attack, ensuring crew safety and fuel supply continuity.
An Indian-flagged crude tanker departed Fujairah safely after an attack on the oil terminal, with all crew reported safe. The Directorate General of Shipping has activated a control room to monitor vessel movements, handle communications, facilitate repatriation and coordinate with ship owners, RPSL agencies, Indian Missions and central ministries to ensure maritime safety, seafarer welfare and continuity of fuel supplies amid disruptions to Gulf shipping routes.
March 15, 2026
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Piped gas priority: consumers with PNG must surrender domestic LPG connections, suppliers barred from providing refills.
The Ministry amended the LPG (Regulation of Supply and Distribution) Order to require consumers with PNG connections to surrender domestic LPG connections and forbade Government oil companies and distributors from providing domestic LPG connections or refills to consumers who already own PNG, while PNGRB instructed CGD companies to prioritise and accelerate domestic PNG rollout, deployment, permissions, and last-mile connectivity to reduce pressure on LPG supplies.
March 14, 2026
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Energy security measures bolster fuel supply and exporter support amid West Asia supply disruptions with insurance cover and diversified imports.
The government has increased kerosene production as an alternative cooking fuel, diversified LPG/LNG and crude import sources to mitigate shipping-route disruptions, and maintained sufficient fuel stocks. The Commerce Ministry is engaging stakeholders through a 24-hour helpline and developing schemes that provide insurance cover for export cargo damaged, lost or delayed due to maritime disruptions, with a forthcoming concrete action agenda to support exporters.
March 14, 2026
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Advance tax e campaign alerts: taxpayers told to ignore inaccurate emails and verify transactions on the Compliance Portal.
The tax authority advised taxpayers to ignore recent email alerts about significant transactions from the Advance Tax e Campaign because some messages contained inaccurate transaction details; it is coordinating with its service provider to resolve the issue and directed taxpayers to verify details using the e Campaign tab on the Compliance Portal via the e Filing portal to ensure appropriate advance tax compliance.
March 14, 2026
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Attack on critical port infrastructure declared legitimate targets, prompting evacuation warnings and heightened risks to energy transit.
Iran threatened strikes on UAE ports, urging evacuation of Jebel Ali, Khalifa and Fujairah after alleging US forces operate from those civilian facilities and thereby designating them legitimate targets; the warning accompanies ongoing missile and drone exchanges, reported damage to Iran's Kharg Island oil export terminal and disruption of the Strait of Hormuz, while the UAE detained foreigners for posting alleged war-related disinformation.
March 14, 2026
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Exhibition centres to be established to boost industry and exports, providing platforms for product showcases and value-added agriculture.
The Punjab government will establish three world-class exhibition centres at Ludhiana, New Chandigarh and Amritsar to give industry dedicated venues to showcase products, boost commerce, attract investment and support export-oriented growth as part of a wider strategy to expand food processing, encourage agricultural diversification, and increase farmer incomes through value addition.
March 14, 2026
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Production Linked Incentive Scheme drives domestic manufacture of a critical antibiotic intermediate to reduce import dependence and boost supply resilience.
The project establishes domestic manufacture of the critical antibiotic intermediate Amino Cephalosporanic Acid (ACA) in Kathua, financed under the Production Linked Incentive Scheme with public facilitation, aiming to reduce import dependence, strengthen pharmaceutical supply resilience, generate local employment, and align with the Biopharma Shakti policy to expand national biopharmaceutical capacity.
March 14, 2026
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Police appointments: state upgrades and reassigns senior intelligence and economic offences officers, creating additional charges for related posts.
The state government upgraded and appointed B Bala Naga Devi from Additional DGP, Intelligence to DGP, Intelligence, while assigning additional charge to Santosh Kumar as Additional DGP, Economic Offences Wing and to Rupesh Kumar Meena as Additional DGP, Civil Supplies CID to maintain leadership continuity across those divisions.
March 14, 2026
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Industry support pledged to strengthen domestic manufacturing and reduce reliance on imports, with state backing for exporters.
Commitment to state-led industry support in Punjab to promote domestic manufacturing, reduce dependence on imported consumer goods, provide required environment and resources to enable local manufacturers to compete with foreign suppliers and begin exporting, and remove government interference to restore regional industrial competitiveness.
March 14, 2026
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Electricity tariff reduction sought to offset rising production costs amid fuel supply disruption and request for repayment moratorium.
Industrial associations in Chhatrapati Sambhajinagar formally sought a reduction in electricity tariffs to alleviate rising production costs from disrupted fuel supplies, alongside a moratorium on loan repayments and expedited permits for alternative fuels; these demands were compiled after an administrative request and presented to the State Industries Minister, who acknowledged limited gas stocks but urged continued operations.
March 13, 2026
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Currency depreciation driven by strong dollar, foreign outflows and rising oil prices pressures domestic exchange rate stability.
The rupee fell to a fresh record low against the US dollar amid a stronger dollar, heavy foreign portfolio outflows and sustained equity market selling. Rising crude oil prices, higher US treasury yields and geopolitical risk heightened market risk aversion, while RBI data showed a notable weekly decline in gross forex reserves; analysts warned these factors collectively impart a negative near term bias on the currency and provided a projected trading range.
March 13, 2026
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Bilateral trade agreement talks continue amid US tariffs and Section 301 investigations affecting timing of formal signing.
India and the United States continue negotiations on a first-phase bilateral trade agreement with chief negotiators finalising contours and legal text, but signing is deferred until US tariff policy and related measures are clarified. Recent US actions - including a court-affected tariff decision, the imposition of temporary across-the-board levies, and initiation of Section 301 investigations into multiple economies - have affected timing though not the ongoing engagement; Indian officials say the US intends to calibrate tariffs to preserve India's comparative advantage and preferential access under the proposed pact.

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News and Press Release

Release of publication “Energy Statistics India 2026”

March 30, 2026

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The National Statistics Office (NSO), Ministry of Statistics and Programme Implementation has released the annual publication “Energy Statistics India 2026”. The publication is available at the website of Ministry www.mospi.gov.in.

2.  The Publication comprises integrated dataset containing diverse key information about reserve, capacity, production, Consumption and import/export of all the energy commodities (like Coal, Lignite, Petroleum, Natural Gas, Renewable Energy, etc.) of India. The publication also contains different tables (like Energy Balance), graphs (like Sankey Diagram), and Sustainable Energy Indicators as per International Standards.

Improvements in the publication:

3. The 33rd edition of the publication has enhanced its’ coverage by incorporating aspects like Credit Flow to domestic energy-sectors, world energy-statistics etc.; have effectively addressed the major data gaps like consumption of domestic Coal through e-Auction, imported non-Coking Coal, sub-sectoral consumption pattern of electricity under Industry by utilizing the data from the Annual Survey of Industries (ASI) database. Further information like the industry-wise distribution of HSD through Retail/Reseller, the International Aviation and Marine Bunker Data have also been incorporated in the domestic supply/consumption of energy for the 1st time.

4. The publication has brought harmonization among the sectoral end-use consumption Statistics of all Energy Commodities by standardizing the end-use sectors.

Key Highlights

5. During the FY  2024-25, the Indian economy has depicted a healthy expansion in the Total Primary Energy Supply (TPES) registering a growth of 2.95% over the past year and stood at 9,32,816 KToE(Kilo Tonnes of oil Equivalent).

  • India has a huge potential for generation of renewable energy which stands at 47,04,043 Megawatt as on 31-Mar-25. In the total potential, the Solar Energy has witnessed a staggering growth from 748,990 Megawatt during FY: 2023-24 to 33,43,378 Megawatt during FY: 2024-25 and is having the highest share (around 71%) followed by Wind Power (11,63,856 Megawatt) and Large Hydro (1,33,410). More than 70% of the total potential for generation of renewable energy is concentrated in the following six(6) States viz. Rajasthan (23.70%), Maharashtra (14.26%), Gujarat (9.10%), Andhra Pradesh (9.1%), Karnataka (8.59%) and Madhya Pradesh(8.09%).  
  • The installed-capacity for generating electricity (including Utility and Non-Utility) from the Renewable resources has also experienced a significant growth over the past years. From 90,134 Mega Watt as on 31-Mar-2016, it has risen to 2,29,346 Mega Watt as on 31-Mar-2025, which is a CAGR of 10.93% over the years.
  • The gross generation of electricity from the Renewable resources (both Utility and Non-Utility together) has also increased significantly over the years. From an amount of 1,89,314 GWH of electricity generated during FY 2015-16, it has increased to 4,16,823 GWH during FY 2024-25, which is a CAGR of 9.17% over the years.

  • The per-capita consumption of energy over the years has gone up from 15,296 Mega Joule/person during FY 2015-16 to 18,096 Mega Joule/person during FY 2024-25 which is a CAGR of 1.89% over the years.

  • The utilization of the electricity has significantly improved over the years on account of reduction in the transmission and distribution losses. Percentage loss due to Transmission and Distribution which was around 22% during FY 2015-16 has gone down to around 17% during FY 2024-25.
  • Among all the major energy supply sources, coal has remained the dominant source, contributing the highest share to the total energy supply. Energy supply from coal (including lignite) has increased from 3,87,761 Ktoe in FY 2015-16 to 5,52,315 Ktoe in FY 2024-25. All other sources like Crude Oil, Natural Gas etc. have also registered a consistent growth over the periods.
  • The Total Final Consumption (TFC) of energy, into different end-use sectors, has also experienced a steady rise. TFC of energy surged by over 30.41 % from 4,69,212 Ktoe in FY 2015-16 to 608,578 Ktoe in FY 2024-25.
  • The Credit Flow to the energy sector in India has also experienced a steadfast growth over the years. From an amount of ₹ 1,688 Cr during 2021, it has gone up to ₹10,325 crore during 2025 which is a growth of over six times during this period.

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