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April 6, 2026
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Essential commodity price monitoring continues as officials report stable supplies and urge action against hoarding and black marketing.
Government monitoring of essential commodity prices remains continuous amid West Asia-related market concerns, with officials reporting no unusual volatility in wholesale or retail prices. The consumer affairs machinery is tracking daily rates of 40 commodities from 528 centres, maintaining a control room for coordination with states, and watching complaints through the National Consumer Helpline. States have been urged to act against hoarding and black marketing under the Essential Commodities Act, while the department continues efforts to safeguard food supply and market stability.
April 6, 2026
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Inflation targeting and cautious monetary policy shape RBI review amid crude oil shocks, currency weakness and geopolitical tensions.
The Reserve Bank of India's Monetary Policy Committee began its review amid expectations of an unchanged benchmark lending rate, as policymakers assess inflation risks from the West Asia crisis, volatile crude oil prices and currency weakness. The policy stance is expected to remain neutral, cautious and watchful, with liquidity conditions, transmission of past rate changes, financial market stability, capital flows and bond market dynamics also under consideration. The inflation-targeting framework continues to aim at 4% retail inflation with a 2% tolerance band on either side.
April 6, 2026
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Insolvency-linked acquisition bid stays on appellate track as the Supreme Court seeks expedited NCLAT decision.
The Supreme Court declined to interfere with the National Company Law Appellate Tribunal's order refusing to stay Adani Group's bid to acquire Jaiprakash Associates Ltd. It directed the NCLAT to decide the matter expeditiously, in relation to the insolvency-linked acquisition and interim relief sought in the appellate process.
April 6, 2026
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Insolvency resolution plan challenge continues as the appellate tribunal is directed to decide the JAL acquisition dispute expeditiously.
In the insolvency proceedings concerning Jaiprakash Associates Ltd., the Supreme Court declined to interfere with the appellate order that had refused to stay Adani Enterprises Ltd.'s resolution plan for acquisition of JAL. The Court directed the parties, including Vedanta Ltd. and the successful resolution applicant, to place their contentions and counterclaims before the National Company Law Appellate Tribunal, and asked the tribunal to decide the dispute expeditiously after taking up final hearing on the pending challenge to the acquisition plan.
April 6, 2026
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Fabricated passport allegations and shell company claims were said to rely on altered documents and false social media sources.
Allegations concerning the Assam chief minister's wife's passports, foreign properties and shell companies were described as fabricated and based on false information sourced from a Pakistani social media group. The chief minister asserted that Congress leaders circulated morphed or altered documents, including passport images and company records, to suggest ownership of assets in Dubai and links to companies in Wyoming, and said these materials contained internal anomalies such as mismatched numbers, inconsistent identity details and facial discrepancies.
April 6, 2026
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Rupee gains after tighter forex rules curb speculation and prompt banks to unwind dollar positions.
The rupee strengthened in early trade after the Reserve Bank of India tightened foreign exchange rules to curb speculative positions and cap banks' net open positions at USD 100 million. The reported movement reflected banks unwinding dollar positions ahead of the compliance deadline, while the measures were supporting the domestic currency in the short term. The currency remained under pressure from foreign capital outflows, a stronger dollar, higher crude oil prices, and broader geopolitical tensions.
April 6, 2026
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GST fraud racket exposed through fake firms, false invoices, and e-way bill manipulation linked to tax evasion.
Police in Meerut district unearthed a GST fraud racket involving fictitious firms, fake invoices, and wrongful accumulation of input tax credit. The gang allegedly used fake Aadhaar and PAN cards to set up companies, filed fraudulent GST returns, and manipulated e-way bills to evade tax and cause a revenue loss of about Rs 17 crore. One accused was arrested on the basis of a tip-off and technical evidence, and the investigation disclosed collusion with an accomplice and other persons involved in the racket.
April 6, 2026
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Geopolitical uncertainty lifts Asian shares as rising oil prices and Strait of Hormuz fears dominate markets.
Asian shares mostly rose as investors monitored rising oil prices and uncertainty surrounding the Iran war and the Strait of Hormuz. Japanese and South Korean benchmarks advanced, while crude prices climbed on fears that the conflict could prolong global supply risks. Market sentiment remained dominated by geopolitical uncertainty and expectations of further developments from the United States.
April 5, 2026
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Director disqualification breach and company control led to suspended prison sentences, fresh bans and confiscation proceedings.
Director disqualification was imposed after unchallenged findings that a company had wrongfully claimed funds from HM Revenue and Customs in connection with a tax fraud scheme. Despite the ban on running, managing, promoting or otherwise being involved in UK-registered companies, the director continued to control two pharmaceutical-related companies, and a spouse was found to have aided and abetted the breach while acting as the formal director of one company. The article also notes suspended prison sentences, fresh disqualifications and confiscation proceedings under the Proceeds of Crime Act 2002.
April 5, 2026
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Inflation risks from crude oil and currency volatility may keep the repo rate unchanged in the April review.
The Reserve Bank of India is expected to keep the benchmark repo rate unchanged in its April monetary policy review, with economists attributing the likely pause to rising inflation risks from geopolitical tensions in West Asia, firm crude oil prices, and sharp currency volatility. The expected policy approach is cautious and watchful, with the monetary policy stance likely to remain neutral amid uncertain global conditions and closer monitoring of inflation data before any further action. Economists also expect the review to focus more on inflation management, with possible upward revision of inflation projections if elevated crude prices persist.
April 5, 2026
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Refinery transfer pricing discount squeezes standalone refiners as fuel price freeze keeps retail rates unchanged.
State-run oil marketing companies have fixed discounted refinery transfer prices for petrol, diesel, aviation turbine fuel and kerosene in response to a freeze on retail fuel prices and rising global crude oil costs. The revised pricing reduces refinery receipts below import-parity-linked costs and is expected to affect standalone refiners more sharply than integrated oil companies, because the latter can partly offset losses across refining and marketing operations.
April 4, 2026
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Pharmaceutical exports continue steady growth as India targets wider markets, stronger regulation and long-term expansion.
India's pharmaceutical exports continued to grow, with exports up to February exceeding USD 28 billion and rising 5.6 per cent year-on-year, led by formulations, biologicals, vaccines and AYUSH products. Industry representatives said the sector is likely to end the financial year broadly in line with the previous year, despite global pricing pressure and trade volatility, while future growth is expected through policy prioritisation, market diversification, foreign direct investment and improved regulatory efficiency.
April 4, 2026
Show AI Summary
Supply chain disruption from West Asia crisis threatens Indian exports, imports, and pharma inputs as government diversifies sourcing.
The West Asia crisis is disrupting Indian imports and exports, with energy and regional trade flows under pressure. A prolonged conflict could also affect exports to other regions by altering supply chains and value chains, while the government seeks to minimise disruption and diversify imports. The pharma sector is facing impact from shortages of intermediates and solvents, and supply chain resilience is being prioritised.
April 4, 2026
Show AI Summary
Maritime supply continuity keeps LPG inflows moving despite Strait of Hormuz disruption and regional shipping tensions.
Continued LPG inflows to India are reported despite disruption in the Strait of Hormuz, with an Indian-flagged tanker safely transiting the waterway and an Iranian LPG cargo reaching Mangalore for discharge. Maritime authorities are monitoring vessel movements, port operations and crew safety, while coordinating with ship owners, Indian missions and the Directorate General of Shipping. Several Indian-flagged vessels remain stranded on the western side of the strait, though seafarers are safe and port operations across India remain normal.
April 4, 2026
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Identity misuse in tax notices triggers fraud and forgery inquiry over alleged business run using Aadhaar and PAN details.
Identity misuse was alleged after a farmer received income tax and GST notices for dues linked to a firm allegedly operated in his name in Delhi. He said he had never travelled to Delhi or formed any business enterprise, and preliminary inquiry reportedly found that the firm used his Aadhaar and PAN details. A complaint was submitted to the district administration, which constituted a two-member team to investigate the suspected fraud and forgery involving misuse of identity documents and resulting tax demands.
April 4, 2026
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Pharmaceutical exports growth reflects strong global demand, diversified markets and compliance-led expansion despite pricing pressures.
India's pharmaceutical exports continued to expand despite global pricing pressure and trade volatility, with outbound shipments reaching over USD 28 billion up to February of the current financial year and recording growth of 5.6 per cent over the corresponding period in the previous year. Export growth was led by formulations, biologicals, vaccines and AYUSH products, while the sector's total export performance in the preceding financial year also showed strong year-on-year growth. Pharmexcil indicated that export expansion would depend on policy prioritisation, market diversification, increased foreign direct investment inflows and improved regulatory efficiency, with a medium-term export target of USD 65 billion by 2030.
April 4, 2026
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Crude import flexibility keeps India's fuel supply secure despite reports of Iranian cargo diversion.
India said there are no payment hurdles for Iranian crude imports and that refiners continue to secure oil from Iran and a wide range of global suppliers. It rejected reports of an Iranian cargo diversion as factually incorrect, stating that destination changes during transit are common in oil trade for commercial and operational reasons. The ministry said crude oil requirements remain fully secured for the coming months, and noted that an LPG vessel carrying Iranian LPG has berthed at Mangalore and is discharging cargo.
April 4, 2026
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Global export hub logistics for Lalitpur Pharma Park strengthened through port connectivity and freight corridor integration.
Uttar Pradesh State Industrial Development Authority and Jawaharlal Nehru Port Authority have entered into a memorandum of understanding to develop the proposed Lalitpur Pharma Park as a global export hub by linking the industrial cluster to international maritime trade routes. The cooperation contemplates use of the Dadri-Khurja rail link with the Western Dedicated Freight Corridor and Eastern Dedicated Freight Corridor to create a multi-modal rail network for movement of pharmaceutical goods to JNPA, supporting import of raw materials and export of finished pharmaceutical products.
April 4, 2026
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Indian pharmaceutical exports maintain growth momentum as formulations, biologicals, vaccines and Ayush products lead performance.
Indian pharmaceutical exports maintained growth momentum despite global pricing pressures and trade volatilities, with shipments reaching over USD 28 billion up to February in FY26 and registering year-on-year growth of 5.6 per cent over the corresponding period in FY25. Export performance was led by formulations, biologicals, vaccines and Ayush products.
April 4, 2026
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Customs & Trade

Govt says ample stock of fertilisers to meet Kharif demand, no need for panic buying

May 11, 2026

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New Delhi, May 11 (PTI) India has "ample" stocks of fertilisers to meet demand for the upcoming Kharif sowing season, the government said on Monday, as it appealed to farmers not to engage in panic buying.

In an inter-ministerial briefing on recent developments in West Asia, Aparna S Sharma, Additional Secretary in the Department of Fertilizers, informed that the government is importing urea as well as other soil nutrients to supplement domestic production and ensure adequate availability during the upcoming Kharif (summer-sown) season.

The maximum retail prices (MRP) of major fertilisers have remained constant, she said.

Sharma emphasised that the Central and state governments are making efforts to promote the balanced use of fertilisers and curb excessive use. States are taking action to curb hoarding and check the diversion of soil nutrients for commercial use.

"India's fertiliser security remains comfortable and well managed," Sharma said.

The additional secretary informed that "as on date for the season of Kharif 2026, based on the fertiliser requirement that has been assessed by the Department of Agriculture, the stock is more than 51 per cent".

She noted that the stock position is significantly higher than the usual level, which is 33 per cent of the demand.

The Department of Agriculture has assessed the fertiliser requirement for kharif 2026 at 390.54 lakh tonnes.

"So the fertiliser stock is comfortable, and the MRP of major fertiliser remains very much the same," Sharma said.

After the crisis period, she said the domestic production was 76.78 lakh tonnes while imports were 19.94 lakh tonnes.

"So a total of 97 lakh metric tonnes of fertiliser has been added to the availability after the crisis situation," the additional secretary informed.

Elaborating, Sharma said India has secured 7 lakh tonnes of NPK complexes from global sources.

"Further 12 lakh tonnes of DAP (di-ammonium phosphate), 4 lakh tonnes of triple super phosphate, and 3 lakh tonnes of ammonium sulfate have been secured for the country. This will ensure adequate availability for the peak season that will start in about 15-20 days time," she said.

Sharma said an empowered group of secretaries is reviewing the situation on a weekly basis.

Last week, the Department of Fertilizers informed that domestic production for March-April stood at 67.76 lakh tonnes - comprising urea (40.72 lakh tonnes), Di ammonium Phosphate (5.39 lakh tonnes), NPK (13.65 lakh tonnes) and SSP (8 lakh tonnes).

Asked about the price of fertilisers, Sharma said the rate of urea bag is fixed, while the price of DAP right now is at Rs 1,350 per 50 kg bag. The MRPs of other complexes are free.

At present, the MRP of neem-coated Urea is Rs 242 per bag (45kg).

"The government has been promoting balanced use of fertiliser across the country," she said, adding that States have also taken several steps.

States are also making efforts to check diversion and hoarding of fertilisers.

"There has been some panic buying initially. Our appeal is that ample stock is available," Sharma said.

"About 51 per cent of the stock for the season is available. More imports are in pipeline and the production is as per the normal schedule," she said.

Urea plants are running in full steam while P&K (phosphatic and potassic) fertilisers are also being produced in the country.

Regarding the availability of ammonia and sulphur, she said the government is doing its best to ensure the management of surplus ammonia.

She pointed out that the price of some of the fertilisers, like urea, has nearly doubled in the global market.

The government will be clearing subsidy bills in due course to maintain the liquidity of fertiliser companies, the additional secretary said.

In the Budget this year, the Centre projected fertiliser subsidy at Rs 1,70,805 crore for 2026-27. The subsidy bill is likely to rise due to costlier imports.

"Regarding the demand management measures, the state level already efforts are being made, and we have the state level interventions to ensure that the fertilisers are not misused or hoarded, or they are not black-marketed," she said.

That apart, Sharma said the use of alternative fertilisers is already being promoted through agricultural universities and Krishi Vigyan Kendras.

"So the efforts are being made at the state level to ensure that balanced use of fertiliser is done and the excessive use is curtailed," she added.

India's urea production has increased from 225 lakh tonnes during 2014-15 to 306.67 lakh tonnes in 2024-25. The country imported more than 100 lakh tonnes of urea last fiscal to meet local demand. PTI MJH MJH MR

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