March 14, 2026

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CUSTOMS

12
Mar

Circular No. 09/2026 (Delhi)
Return of export cargo from international waters due to closure of the Strait of Hormuz – Section 143AA of the Customs Act, 1962 – reg.

12
Mar

Circular No. 10/2026 (Delhi)
Levy of fee for amendment or cancellation of export documents in cases of withdrawal of export consignments due to force majeure circumstances - Section 143AA of the Customs Act, 1962-reg.

RBI

13
Mar

RBI/2025-26/231 (Delhi)
Reserve Bank of India (Asset Reconstruction Companies) Amendment Directions, 2026

13
Mar

RBI/DOR/2025-26/237 (Delhi)
Reserve Bank of India (Local Area Banks – Prudential Norms on Declaration of Dividends) Repeal Directions, 2026

13
Mar

RBI/2025-26/238 (Delhi)
Reserve Bank of India (Commercial Banks - Prudential Norms on Capital Adequacy) Third Amendment Directions, 2026

13
Mar

RBI/2025-26/239 (Delhi)
Reserve Bank of India (Small Finance Banks - Prudential Norms on Capital Adequacy) Third Amendment Directions, 2026

13
Mar

RBI/2025-26/240 (Delhi)
Reserve Bank of India (Payments Banks - Prudential Norms on Capital Adequacy) Amendment Directions, 2026

13
Mar

RBI/2025-26/232 (Delhi)
Reserve Bank of India (Standalone Primary Dealers) Amendment Directions, 2026

13
Mar

RBI/DOR/2025-26/233 (Delhi)
Reserve Bank of India (Setting Up of Wholly Owned Subsidiaries by Foreign Banks) Amendment Guidelines, 2026

13
Mar

RBI/DOR/2025-26/236 (Delhi)
Reserve Bank of India (Payment Banks – Prudential Norms on Declaration of Dividends) Repeal Directions, 2026

13
Mar

RBI/2025-26/241 (Delhi)
Reserve Bank of India (All India Financial Institutions (AIFIs) - Prudential Norms on Capital Adequacy) Second Amendment Directions, 2026

13
Mar

RBI/2025-26/242 (Delhi)
Implementation of Section 51A of UAPA, 1967: Updates to UNSC’s 1988 (2011) Taliban Sanctions List: Amendment of 22 Entries: UAPA Update 02 of 2026

13
Mar

RBI/DOR/2025-26/235 (Delhi)
Reserve Bank of India (Small Finance Banks – Prudential Norms on Declaration of Dividends) Repeal Directions, 2026

13
Mar

RBI/DOR/2025-26/234 (Delhi)
Reserve Bank of India (Commercial Banks – Prudential Norms on Declaration of Dividend and Remittance of Profit) Repeal Directions, 2026

12
Mar

RBI/2025-26/230 (Delhi)
Reserve Bank of India (Mortgage Guarantee Companies) Amendment Directions, 2026

12
Mar

RBI/2025-26/228 (Delhi)
Reserve Bank of India (Housing Finance Companies) Amendment Directions, 2026

12
Mar

RBI/2025-26/226 (Delhi)
Reserve Bank of India (Non-Banking Financial Companies – Prudential Norms on Capital Adequacy) Second Amendment Directions, 2026

12
Mar

RBI/2025-26/227 (Delhi)
Reserve Bank of India (Non-Banking Financial Companies - Concentration Risk Management) Second Amendment Directions, 2026

12
Mar

RBI/2025-26/229 (Delhi)
Reserve Bank of India (Core Investment Companies) Amendment Directions, 2026

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INDIAN ECONOMY

Food inflation rises to 3.47% in February

Retail food inflation remained in the positive zone for the second consecutive month in February, with a year-on-year rise in the relevant index rising 3.47% year-on-year as tomatoes and coconuts became costlier. Food inflation was in the deflation territory for seven months through December. Food inflatio...

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India’s West Asia trade artery under strain with up to $4 billion in monthly exports at risk

A war in the Gulf does not just jolt oil markets — it can also choke the sea lanes that ferry billions of dollars’ worth of Indian goods every month. The latest escalation in West Asia — triggered after Iran’s Supreme Leader Ayatollah Ali Khamenei was killed in US–Israeli strikes and followed by Tehran’s d...

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Gold share in forex reserves off January peak

After touching an all-time high of 19% in January 2026, the share of gold in India’s total foreign exchange reserves dipped marginally to 18.1% in February, as foreign currency assets grew at a faster clip. Comparing Gold and Foreign Currency While foreign currency assets grew 1.9% month-on-month to $573....

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India receives 8 LNG cargoes in early March; 19 more expected soon

India received about eight liquefied natural gas (LNG) cargoes totalling roughly 0.56 million tonnes (mt) between March 1 and March 10 — mostly from Oman — about 15% lower than the same period last month, as tensions around the Strait of Hormuz disrupt global LNG shipments, according to data from ship-trackin...

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MARKET & FINANCE

Explainer: Why sovereign wealth funds’ money is critical for India

Sovereign wealth funds (SWF) from Gulf countries may reassess their global investments if the Iran war continues for long. India’s technology and infrastructure sectors have been prime destinations for such funds. V Shunmugam explains how SWFs identify and seek value and what India can do to continue attracti...

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GLOBAL CORPORATE

How 'collapse' of Trump's tariff strategy led to US launching trade policy investigation - what it means for India

The Donald Trump administration's move to launch investigations into the trade practices of sixteen economies, including India, sends the signal that the US trade policy is entering a new phase. On March 11, 2026, the Office of the United States Trade Representative (USTR) initiated a new series of investigat...

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Chinese Banks Boost Loans to Tech Sector as Beijing Ramps up AI Push

Chinese lenders plan to steer more money toward technology and innovation-oriented firms, bankers say, responding to Beijing's pledge to aggressively adopt artificial intelligence throughout the economy and dominate emerging sectors. The credit-allocation shift toward tech is well underway and is set to ac...

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China's ByteDance Gets Access to Top Nvidia AI Chips, WSJ Reports

TikTok's Chinese parent ByteDance is assembling computing power with top Nvidia chips outside China, the Wall Street Journal reported on Thursday. ByteDance is working with Southeast Asian firm Aolani Cloud to deploy about 500 Nvidia Blackwell computing systems in Malaysia, totaling roughly 36,000 B200 chi...

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Asia set to pledge $30 billion in energy, mineral deals with US

Japan and several Asia-Pacific countries are expected to announce more than $30 billion worth of agreements with U.S. companies this weekend, Bloomberg news reported on Thursday. The packages will include purchase commitments and other deals across coal, oil, liquefied natural gas and nuclear power, the re...

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Moscow turns up heat on Washington over oil sanctions

Moscow said on Friday that the global energy market "cannot remain stable" without its oil, piling pressure on Washington to lift more sanctions as the Middle East war strangles supplies. The United States has eased some oil sanctions on Russia imposed over its invasion of Ukraine, prompting backlash from ...

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How US-Israeli war on Iran is upending global business

The U.S.-Israeli war on Iran is rattling businesses worldwide, driving up energy prices, squeezing supplies of critical raw materials and raising questions about the reliability of trade routes critical to the flow of goods from food to car parts. Below are the main disruptions so far: TRAVEL CHAOS T...

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Oil price spike: Trump admin may ease US shipping rules

The Trump administration is considering a potential waiver of the century-old Jones Act that requires American ships be used to transport goods between US ports as it seeks to blunt surging oil and gasoline prices, said White House secretary Karoline Leavitt. “In the interest of national defense, the White...

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INCOME TAX

Banks to seek more details from account holders under amended Income Tax Rules, 1962; check what new information you may have to share

A new amendment has been made to the Income Tax Rules, 1962, which now requires banks to collect and report more detailed information on account holders and controlling individuals. Specifically, financial institutions must now provide additional information regarding reportable accounts. This includes the...

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Relief for taxpayers: Tax additions cannot be based solely on statements recorded during inquiry, says ITAT

A tax addition under Section 68 of the Income-tax Act cannot be sustained merely on the basis of statements recorded during departmental inquiries without allowing the taxpayer an opportunity to cross-examine the witnesses, the Income Tax Appellate Tribunal (ITAT) has held. In a case involving alleged unex...

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RBI

RBI unlikely to hike rates now despite crude inflation as it is supply-driven shock, not demand: Natixis Economist

The Reserve Bank of India (RBI) is unlikely to immediately raise interest rates despite inflationary pressures from rising crude oil prices, as the current situation reflects a supply-side shock rather than demand-driven inflation, according to Trinh Nguyen, Senior economist, Emerging Asia at Natixis. In a...

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Banking

Banks urged to devise low-interest loans for retail, MSME clients

The government has asked banks to devise low-interest loan schemes for retail borrowers as well as micro and small enterprises, and explore credit products for tribals who may lack collateral. Banks are expected to share inputs by the end of this month and implement the schemes early next financial year, said...

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GLOBAL ECONOMY

Canada's Trade Deficit Widened in January, Missing Consensus Estimates

Canada's trade deficit in January surprisingly widened as exports fell more than imports, led by a meaningful drop in shipments of motor vehicles and parts due to seasonal production stoppages, data showed on Thursday. Statisti...

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US Trade Deficit Narrows in January as Exports Jump to Record High

The U.S. trade deficit narrowed sharply in January as exports surged to a record high and imports fell, a trend that if sustained, could see trade contributing to economic growth in the first quarter. The trade gap contracted 2...

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Brazil's Annual Inflation Slows Ahead of Key Rate Decision

Brazil's 12-month inflation slowed in February to its lowest level in almost two years, official data showed on Thursday, potentially paving the way for the central bank to kick off an easing cycle next week despite the recent spi...

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Argentina Inflation Holds Steady in February, Above Forecast

Argentina's monthly inflation rate was 2.9% in February, stable from the level registered in the first month of 2026 but a tick above analysts' forecast of 2.7%, official data showed on Thursday. In the 12 months through the se...

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Analysis-Debt-Burdened Europe Has Fewer Options to Buffer Energy Shock

The surge in energy prices triggered by the U.S.-Israeli war on Iran is putting European governments under pressure to help households and businesses, but strained finances in some major economies mean their firepower is limited. ...

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Vietnam Produces World's Largest Trade Surplus With US, Jan Data Shows

Vietnam produced the largest trade surplus with the United States in January, overtaking both Mexico and China, latest official U.S. data shows, as its exports rose sharply while Chinese direct shipments to the United States fell....

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Russia earns €6 bn from fossil fuels in 12 days of Iran conflict

Russia has earned an estimated €6 billion from fossil fuel exports in less than two weeks since the Iran conflict began on February 28, as global oil markets tightened and prices surged amid escalating geopolitical tensions, accor...

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US weekly jobless claims edge down

The number of Americans filing new applications for jobless benefits fell last week, which could help to assuage fears of a labor market deterioration after an unexpected decline in employment in February. Initial claims for st...

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INDIAN CORPORATE

Govt planning changes to EPF rules under new labour laws? Labour Ministry clarifies

The government is not currently planning any specific changes to the Employees’ Provident Fund Organisation (EPFO) scheme as part of the new labour codes, according to the Labour Ministry’s response in the Rajya Sabha. In a wri...

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India bonds dip, facing sustained oil rise, macro risks

Indian government bonds drifted lower in early Friday trade as oil held above $100 a barrel with no relent in Iran war-related supply disruptions, stoking inflation fears and clouding India's growth and rate outlook. The benchm...

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Tata Motors wins pan-India orders for over 5,000 buses from state transport undertakings

Tata Motors, India’s largest commercial vehicle manufacturer, has secured cumulative orders for more than 5,000 buses and bus chassis from multiple State Transport Undertakings (STUs) across the country, the company announced on F...

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ACME Solar secures 25-year PPA with SJVN for renewable energy, expands battery storage in Rajasthan

Solar energy sector company ACME Solar has signed multiple power purchase agreements (PPA) with public sector company SJVN. In an exchange filing, Acme Solar stated that it will deliver 450 MW/1800 MWh of power under a Firm and Di...

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HCLTech expands partnership with Google Cloud to build AI Agents using Gemini models

HCLTech has expanded its partnership with Google Cloud to integrate Google Gemini models to develop AI agents for its clients. In an exchange filing, the IT major stated that the collaboration is aimed at developing industry-speci...

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HFCL bags Rs 10,159 crore global fibre cable deal

HFCL has signed a five-year agreement worth approximately Rs 10,159 crore with a global multinational corporation to supply high-quality, high-fibre-count optical fibre cables (OFC). An Indian technology company operating in t...

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COMMERCIAL LAW

Why the government’s latest Press Note 3 changes matter for FDI flows

In the current environment of global uncertainty and volatile capital flows, foreign investment remains critical for India’s growth trajectory. Both Foreign Direct Investment (FDI) and Foreign Portfolio Investment (FPI) play an im...

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