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    Tripura CM declares 5 pc DA hike for govt employees
    India's exports to US fall 13 pc in Feb; trade gap with China crosses USD 100 bn
    City gas firms push piped cooking gas with incentives amid LPG supply worries
    Exports dip marginally in Feb; trade gap narrows
    Advisory regarding confirmation of “Tax Liability Breakup, As Applicable” in GSTR-3B
    Wholesale price inflation at 11-month high of 2.13 pc; higher crude prices to push WPI higher
    India, US trade deal to be signed once tariff architecture is in place: Official
    Ministry of Statistics and Programme Implementation is in process of revising base year of Index of Industrial Production from 2011-12 to 2022-23
    National Statistics Office has planned to conduct “Rapid Survey on Functional Cooperatives” from April, 2026
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    Ministry of Statistics and Programme Implementation has revised base year of Gross Domestic Product from 2011-12 to 2022-23
    MoSPI has initiated several measures to strengthen accountability in data collection and dissemination
    GoIStats mobile application has 17,475 downloads and 3,66,390 hits till February, 2026
    Rupee falls 10 paise to close at all-time low of 92.40 against US dollar
    Bleevo Marks Its First Brand Anniversary
    ED arrests MP food company promoter in dairy products 'adulteration' case
    Gujarat hikes LPG supply by 20 pc; prioritises PNG connections
    WeBank Wins Four Awards from The Asian Banker, Gaining International Recognition for its Digital Inclusive Finance Practices
    Exports dip marginally to USD 36.61 billion in February
    Wholesale price inflation rises 2.13 pc in February
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March 16, 2026
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Dearness allowance increase raises state allowance level effective April for government employees and pensioners with fiscal implications.
Tripura raised state dearness allowance to 41 per cent for government employees and pensioners, effective April 1, covering 1,02,563 regular employees and 81,019 pensioners, with an estimated additional recurring annual cost of about Rs 500 crore; the move aims to narrow the gap with central DA levels and was announced by the Chief Minister immediately after the finance minister's budget speech.
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.
March 16, 2026
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Tax Liability Breakup confirmation required in GSTR 3B: confirm or edit auto populated breakup to proceed with filing.
From February 2026 the portal auto populates the Tax Liability Breakup in GSTR 3B for supplies dated to previous tax periods when tax is paid in the current period; taxpayers must open the payment page tab, confirm or edit and save that breakup after offsetting liability, and only then proceed with filing using EVC or DSC, with the current confirmation requirement being applied in all cases pending portal resolution.
March 16, 2026
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Wholesale price inflation set to rise as crude oil surge pushes wholesale costs higher, affecting manufacturing and non-food goods.
Wholesale price inflation rose to 2.13% in February 2026, led by higher prices in food and non-food articles and an uptick in manufactured goods; fuel and power deflation narrowed as global oil prices increased. Analysts warn that persistent crude oil price rises from geopolitical conflict will transmit more to WPI than retail CPI, likely pushing wholesale inflation higher in subsequent months. The report identifies basic metals, textiles and other manufacturing segments as contributors and stresses supply-chain, logistics and domestic manufacturing measures to contain cost-push pressures.
March 16, 2026
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Tariff architecture uncertainty delays signing of interim trade agreement until US restores a stable global tariff framework.
The interim India-US trade framework remains unsigned pending establishment of a new US global tariff architecture; the previously agreed preferential tariff of 18 per cent for India is contingent on how the US restructures tariffs after a Supreme Court decision altered the prior emergency tariff regime. Negotiators have postponed final legalisation to ensure India's comparative advantage is preserved and to resolve outstanding non tariff and national security tariff issues before signing.
March 16, 2026
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Base year revision of industrial production index to update methodology and weights, release planned soon.
Revision of the Index of Industrial Production base year involves updating the item basket, item weights, data sources, and factory list, and proposes adoption of a chain-linked approach to better capture emerging sectors and changes in industrial composition. A Technical Advisory Committee (TAC-IIP) will advise on methodological improvements, and the Ministry plans to release the revised IIP series under the new methodology in the near term.
March 16, 2026
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Cooperative sector survey to estimate GVA and employment, collecting financial and labour data across cooperatives.
The National Statistics Office will use the National Cooperative Database to survey primary cooperatives, their federations and multistate societies across major sectors to estimate GVA/GVO and employment, collecting financial, tax, subsidy, distributive expense, depreciation and labour cost data for FY 2020 21 and FY 2023 24, while banking cooperatives will supply only employment data.
March 16, 2026
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Project monitoring threshold revised; mandated projects are monitored via integrated portals with automated API data flows.
The Ministry released updated CPI and GDP series and will release a revised IIP series; NIC-2025 aligns with ISIC Revision 5. Under the Allocation of Business Rules, 1961, the Ministry monitors projects above the prescribed cost threshold using the PAIMANA portal, integrated with IPMP; line ministries and implementing agencies must update IPMP, and data are fetched into PAIMANA via APIs for online monitoring.
March 16, 2026
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Base year revision of GDP and statistical modernisation enables nowcasting and real-time economic monitoring for policy guidance.
Revision of the GDP base year to 2022-23 integrates new data sources, NIC-2025 classification, and methodological improvements to improve national accounts measurement; the IIP series and price indices have been modernized (CAPI for CPI and secure online WPI transmission) and a nowcasting framework using high-frequency indicators and data dashboards provides near real-time assessments of economic activity for policy support.
March 16, 2026
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Statistical data accountability strengthened through digital collection platforms and harmonised standards for reliable public dissemination.
MoSPI strengthened statistical data accountability by deploying digital collection tools-CAPI integrated with e SIGMA, AI enabled chatbots and multilingual interfaces-with in built validation for real time submission and automated checks. Measures include physical scrutiny by senior officers, regular training, state/UT capacity building under the Support for Statistical Strengthening sub scheme, and improved dissemination via an Advance Release Calendar, revamped portals and API exchange. Alignment with international and national standards is reflected in adoption of the United Nations Fundamental Principles of Official Statistics, the Statistical Quality Assessment Framework, harmonised classifications, and circulation of a National MetaData Structure to enhance clarity and discoverability.
March 16, 2026
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Digital data dissemination: GoIStats app provides selected socio economic indicators on the go with standalone platform policy and feedback.
The GoIStats mobile application serves as a digital data dissemination channel providing selected socio economic indicators and visualisations from nine statistical products and 178 infographics, with ongoing dataset onboarding, active user engagement metrics and an inbuilt feedback mechanism; there is no proposal to integrate the app with other national data platforms at this stage.
March 16, 2026
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RBI intervention follows sharp rupee depreciation amid oil-driven trade pressures and foreign fund outflows to stabilise markets.
The rupee weakened to a record low against the US dollar amid high crude prices, sustained foreign portfolio outflows and a widening merchandise trade deficit; the Reserve Bank of India intervened in FX markets to stabilise the currency and limit excessive volatility, while market participants noted domestic equity recovery and imminent international monetary policy decisions as key near term influences on USD INR dynamics.
March 16, 2026
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Brand marketing strategy: Bleevo marks first anniversary, emphasizing pan-India expansion, creative talent, and integrated branding services.
Bleevo marks its first anniversary as a women-led Out-of-Home and integrated marketing agency from Chennai, focused on pan-India expansion and offering full-service branding, outdoor advertising, public relations, performance marketing, and brand experiences. The agency emphasizes a people-first approach, a young predominantly female team, and guiding clients through discovery to translate brand essence into design, strategy, and storytelling while building nationwide recall.
March 16, 2026
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Money laundering probe leads to arrest of food company promoter over alleged dairy product adulteration and forged export test reports.
Enforcement alleges the company manufactured and distributed adulterated dairy products by substituting milk fat with palm oil and other chemicals, supplied domestically and exported. Investigators allege multiple forged laboratory test reports were submitted to obtain export clearances while laboratories deny issuing them. The probe, which follows a local police complaint, targets proceeds from these activities as money laundering and has resulted in custodial remand of the company's principal for further PMLA investigative measures.
March 16, 2026
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LPG supply prioritisation and PNG conversion policy secures fuel availability while imposing sectoral allocation controls.
Gujarat expanded LPG distribution and prioritised PNG connections, directing district collectors to coordinate with city gas distribution companies to encourage LPG-to-PNG conversion and facilitate new PNG connections for domestic and commercial users, while maintaining rising buffer stocks and sectoral LPG allocation rules where PNG is unavailable.
March 16, 2026
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Digital inclusive finance recognition: WeBank's AI driven model advances accessibility and SME credit access across regions.
WeBank won four awards recognising its digital inclusive finance model and customer accessibility initiatives, retaining regional digital bank titles and adding awards for SME banking and a sign language service. The bank's AI native strategy strengthens infrastructure, toolchains, applications, governance and organisational design to integrate AI across business scenarios, deploying numerous AI applications and agents to enhance efficiency, risk management and customer experience. Its digital lending product Weiyedai and the Weilidai sign language service expand timely credit access for micro and small enterprises and provide accessible service for customers with hearing impairments.
March 16, 2026
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Trade deficit widens as merchandise exports dip and imports surge, signalling supply-chain and geopolitical risks to trade.
Merchandise exports fell marginally in February while imports rose sharply, producing a monthly trade deficit; year to date exports rose modestly but imports grew faster. The Commerce Secretary warns of expected export softness in March due to logistical disruptions from the West Asia crisis, with trade-route interruptions, notably in the Strait of Hormuz, cited as the principal constraint on outbound shipments.
March 16, 2026
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Wholesale price inflation rises driven by food and non-food articles, while retail inflation also edges upward.
Wholesale price inflation rose to 2.13% in February led by increases in food articles and manufactured products, with non-food articles spiking; fuel and power continued to record negative inflation. Retail inflation also rose to 3.2% in February, and the central bank has lowered policy rates in the current fiscal year while focusing on retail inflation for benchmark rate decisions.

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Customs & Trade

The ‘Perfect Colourants’ Growth Story: Driven by Mr. Madan Humad Since 1987 as India’s Leading Masterbatch and Compound Manufacturer & Exporter

April 1, 2026

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We believe in achieving 'Holy Profits' through innovation—creating products that meet our customers' needs while being safer for the environment. We maintain a zero-tolerance policy for quality, ensuring we add goodness to society. A Founder Journey Built on Purpose The story of Perfect Colourants & Plastics Pvt Ltd (PCPPL) began in 1987, driven by Mr. Madan Humad's vision to prove that Indian companies could offer world-class masterbatch solutions. Drawing on his direct experience of more than 45 years in the plastic industry, he understood the critical, yet often unmet, needs of plastic processors: the need for absolute consistency, regulatory compliance, and the assurance of reliable performance. This insight became the company's founding purpose. Through decades of dedication and a steadfast long-term vision, Mr. Humad transformed this purpose into reality, guiding PCPPL's evolution into a nationally and internationally respected name—synonymous with uncompromising quality, exceptional technical support, and a growing global footprint.

The ‘Perfect’ Growth Story For over 39 years, PCPPL has been a pioneer masterbatch manufacturer in India under its flagship brand, Concentra. From our earliest exports in the 1990s, we have grown into a Recognized Export House with a strong global footprint across Africa, the Middle East, and Asia—an honor bestowed by the Government of India.

Today, we serve customers worldwide with high-quality black, white, and additive masterbatches and compounds. Through continuous investment in manufacturing and technical expertise, we remain committed to solving evolving industry challenges and meeting rigorous international standards.

Building Capabilities Through Infrastructure and Science Infrastructure drives innovation at PCPPL. Our two full-fledged R&D laboratories—backed by a dedicated QA facility—enable us to develop standard and customized masterbatch solutions in India that meet stringent global regulations.

With 33 modern testing instruments, our structured quality system evaluates every batch for colour consistency, dispersion, mechanical performance, and stability. The result? Masterbatches engineered for reliable performance in the world's most demanding applications.

India’s Expanding Plastic Export Opportunities India is fast becoming a global sourcing hub for plastics and polymers. Competitive manufacturing, rising quality benchmarks, and regulatory progress are driving this shift.

PCPPL is strategically positioned to capitalize on this momentum. As a leading masterbatch supplier in India, we are continuously aligning our product development, testing systems, and compliance processes to deliver exactly what global customers expect—and demand.

Innovation-Driven Product Development Innovation remains at the core of PCPPL's strategy, driving the development of next-generation masterbatch solutions across multiple industries.

Our laser marking masterbatches (white and black) are creating waves in permanent marking applications—from cattle identification tags and electrical conductors to medical devices. These solutions offer precision, durability, and clarity for critical traceability requirements.

For applications demanding fire safety, our 100% non-halogen flame retardant (FR) masterbatches for engineering plastics (PE, PP, PC, PBT, Nylon, PET) meet stringent UL 94 standards, including V-0, V-1, and V-2 ratings at 3000µm.

In the automotive sector, our long glass fiber reinforced (LFT) compounds have become ideal metal replacement solutions, enabling significant weight reduction without compromising strength.

For pharmaceutical packaging, we offer amber colour masterbatches tailored to various colour shades, ensuring full compliance with global regulatory standards for light-sensitive product protection.

Social Responsibility Beyond Manufacturing Manufacturing excellence is our foundation. Social and environmental responsibility is our commitment.

At Plastindia 2026, PCPPL put this commitment into action—promoting environmental awareness and pledging a bold sustainability initiative: 10 trees planted for every invitation sent.

This is just the beginning. Our long-term goal is to plant one crore trees (10 million), ensuring that our growth leaves a green legacy for generations to come.

Looking Ahead From modest beginnings to a future-oriented manufacturing enterprise, the journey of Perfect Colourants & Plastics Pvt. Ltd. mirrors India's growing manufacturing strength on the global stage. With an unwavering focus on innovation, quality, and social responsibility, PCPPL aims to contribute meaningfully to the global plastics value chain—while remaining deeply rooted in its ethical foundations.

(Disclaimer: The above press release comes to you under an arrangement with NRDPL and PTI takes no editorial responsibility for the same.). PTI PWR PWR

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