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Latest News on Economy Policy, Government, Trade Policy | The HinduBusinessLine

MSME Ministry reviews impact of West Asia crisis on small businesses MoSPI releases uniform guidelines for district domestic product estimates Govt notifies changes in Immigration and Foreigners Rules, 2025 Hindustan Copper approves Lohum deal to restart Gujarat Copper Plant Govt notifies two special economic zones in Puducherry India Inc gets a new CSR avenue through the Zero Coupon Zero Principal instrument Social security push gathers pace as India’s gig workforce expands rapidly Government to launch coal gasification-based urea policy within a month Centre forms panel on demographic change linked to illegal immigration Telangana Cabinet clears new life sciences policy 2026-30 NCLAT says NCLT cannot directly order SFIO investigation under Companies Act CAG urges AI-driven monitoring to detect corruption and bid rigging in government tenders CAFE III norms likely by May-end despite E25 recalibration Centre appoints new senior officials in NTA amid NEET-UG paper leak probe Indian government hikes minimum support prices for kharif crops; raises paddy rate by 3% Government may allow firms to engage up to 25% apprentices with safeguards Government rules out curbs on international card use and gold imports IFGE welcomes Maharashtra Compressed Biogas Policy 2026 India must integrate crude, gas, LPG and battery storage under one policy: S&P Global's Gauri Jauhar India may take middle path, unlikely to remove import duty on cotton India extends MIP on virgin multi-layer paper board till September 2026 Centre appoints Joram Aniya, R Balasubramaniam as NITI Aayog members India allows FDI via automatic route for firms with up to 10% Chinese stake Power Ministry mandates phased rollout of local content in HVDC substations Govt reduces diesel, ATF export duties; no change in petrol duty Vodafone Idea AGR dues cut to ₹64,046 crore as government grants 27% relief India to notify eased FDI norms under FEMA, allows firms with up to 10% China stake Railways, Military, FCI should buy food products from FPOs, recommends NAAS study CII calls for comprehensive reform of industrial land management Cabinet extends PMGSY-III till 2028 with Rs 83,977 crore outlay Govt hikes DA to 60% for central employees and pensioners Govt forms high-level inter-ministerial body to steer AI governance strategy Women’s Reservation Act 2023 comes into force, implementation tied to census and delimitation Green energy players in a fix over ‘retrospective’ component in mechanism to maintain grid discipline EV purchases may be deferred in near term but see sharp uptick in sales after EV policy implementation: Axis Direct Govt enhances C3, C4 allocation for pharma, packaging chemical sectors to 1,000 tonnes/day Lok Sabha expansion to 850 seats: ‘delimitation-first’ model triggers federal concerns China says policy to improve relations with India remains unchanged amid Arunachal naming row West Asia Conflict: Govt hints at 21% ethanol blending PM Modi says Parliament set to amend Women’s Reservation Act for 2029 implementation Delhi EV Policy: Electric 3-Wheelers Only by 2027, 2-Wheelers by 2028 India withdraws bid to host COP33 climate summit in 2028 Coal Ministry allows insurance surety bonds to replace bank guarantees Centre plans ₹2.5 lakh crore credit guarantee scheme to support stressed sectors Government amends mining rules to boost critical mineral exploration and self-reliance West Asia conflict: Centre doubles supply of 5 kg cylinders for migrant labourers India delays induction hob star labelling norms to January 2027 to boost electric cooking Govt raises gas supply to fertiliser units, industries to 90% from April 6 Govt to release ₹17,500 crore LPG compensation to OMCs in FY27 West Asia war may impact India’s exports, Centre works to stabilise supply chains Centre mandates annual iGOT training for employees, links it to appraisal India may cut import duties, regulate exports to ensure domestic supply Scindia sets one-week deadline for postal pension integration with SAMPANN India restricts imports of gold and silver jewellery to curb FTA misuse India exempts pre-2017 investments from GAAR, easing concerns after Tiger Global ruling LS passes insolvency law amendments; FM says bill will help maximise value for stakeholders Govt clears 29 investment proposals worth ₹7,104 cr under Electronics Component Mfg Scheme Centre notifies TV Rating Policy with focus on transparency India notifies gas pipeline order to boost infrastructure and energy security amid Hormuz concerns Government plans bills to implement women’s reservation before delimitation Nirmala Sitharaman to introduce Corporate Laws (Amendment) Bill in Lok Sabha India orders Tata Power's Gujarat plant to run at full capacity amid rising summer demand Government expands CBG scheme to boost gas supply and cut LNG imports Domestic Strength Shields India from $114 Oil Shock: PMEAC Chairman S Mahendra Dev India explores joining FCAS or GCAP sixth-generation fighter jet programmes Cabinet approves ₹33,660 crore BHAVYA scheme to develop 100 industrial parks Cabinet approves ₹2,584 crore small hydro power scheme to add 1,500 MW capacity Parliamentary panel urges MEA to publish formal foreign policy strategy document India aims for universal health insurance by 2033, 58 crore lives covered in 2024-25 India eases FDI rules, allows firms with up to 10% Chinese shareholding under automatic route TN AVGC policy envisions 2 lakh jobs in emerging industries India plans relief for West Asia exporters Govt asked to explore better substitute for pulses farmers amid complains over lower prices India bars PNG users from keeping or refilling LPG cylinders amid supply concerns Govt rethinks plan to float tenders for 1 GW wind energy projects amid weakening interest India fast-tracks Chinese investment approvals in electronics, solar and battery sectors Union Cabinet approves amendments to insolvency law and Companies Act 2026 Government invokes Essential Commodities Act to secure LPG supply amid West Asia tensions India’s wheat output pegged at record high 120 mt on higher acreage, conducive weather India may set up labs to certify natural farming produce, says Narendra Modi Govt will use every policy tool to help exporters deal with West Asia crisis: Goyal Defence Acquisition Board clears ₹1 lakh crore plan for 60 IAF transport aircraft NSIC upgraded to Schedule A CPSE by MSME Ministry CDSCO eases drug testing approvals, new fast-track system from June 1, 2026 Macron backs 114 Rafale deal, promises higher Indian content and localisation Accountability of agritech companies in issuing advisories a big challenge India to finalise legal text of interim trade agreement with US in March India maintains ban on e-cigarettes in blow to Philip Morris India to continue importing oil from cheapest sources; US, EU trade deals discussed India may allow US pulses like ‘masur’ at zero duty India and Canada agree on shared security and law enforcement work plan Maharashtra will unveil seven new industrial policies to boost growth: Fadnavis Micro-Economic Impact of Budget: Panelists concerned over state finances, laud fiscal consolidation MoSPI launches beta MCP server on eSankhyiki portal for AI-based access to official statistics Govt mulls raising FDI limit in PSB to 49%: Secretary Nagaraju Sitharaman on SGBs: Profits in secondary market justify government levy India allows 40 gms jewellery duty-free in new baggage rules with no value cap IBC Bill likely during second part of budget session, says FM Sitharaman India auctions 136 coal blocks since 2020; Telangana proposal under review Govt to introduce IBC Amendment Bill in second half of Budget session starting Mar 9: FM
India activates 1.2 lakh PNG connections as LPG supply faces West Asia disruption
By Rishi Ranjan Kala · 2026-03-18 · via Latest News on Economy Policy, Government, Trade Policy | The HinduBusinessLine
India has activated over 1.2 lakh PNG connections in two weeks to counter LPG supply disruptions caused by the West Asia conflict.

India has activated over 1.2 lakh PNG connections in two weeks to counter LPG supply disruptions caused by the West Asia conflict.

The government has activated more than 1.20 lakh piped natural gas (PNG) connections for domestic, commercial, and industrial users, as well as CNG stations, over the last 2 weeks, as the conflict in West Asia continues to disrupt India’s LPG supplies, with commercial users bearing the brunt.

LPG supplies monitored, output increased

Besides, State governments have lifted almost 7,200 tonnes of liquefied petroleum gas (LPG) in the last four days. Sujata Sharma, Joint Secretary, Ministry of Petroleum and Natural Gas (MoPNG), during the briefing on West Asia on Wednesday, said that priority sectors continue to receive protected gas supplies, including 100 per cent supply to domestic PNG and compressed natural gas (CNG) transport, while supplies to industrial and commercial consumers are being regulated at around 80 per cent.

Commercial LPG consumers are being encouraged to switch to PNG, and establishments such as hotels, restaurants, hospitals and hostels can obtain PNG connections from authorised city gas distribution (CGD) entities. In the last two weeks, around 1.20 lakh new PNG connections have been issued, including domestic, commercial, industrial, and CNG stations, she added.

LPG supply continues to be monitored in view of the prevailing geopolitical situation, and no dry-outs have been reported at distributorships, said Sharma, adding that domestic LPG production from refineries has been increased by about 40 per cent.

Besides, no dry-outs have been reported at distributorships. This would mean that, compared to the average daily LPG production in February 2026 (37,929 tonnes), average daily output may have increased to roughly 53,100 tonnes.

States step up LPG allocation, supply stable

About 15 States/UTs, such as Bihar, Chhattisgarh, Delhi, Gujarat, Haryana, Himachal Pradesh, Jharkhand, Karnataka, Kerala, Manipur, Rajasthan, Uttarakhand, and others, have issued orders for the allocation of non-domestic LPG, and commercial LPG supply is being made available across the country. Sharma emphasised that domestic LPG cylinder deliveries are continuing as normal and instances of panic booking are reducing.

While online LPG bookings have increased from 83 per cent to 93 per cent, the delivery authentication code coverage has expanded from 53 per cent (February 2026) to about 81 per cent to prevent diversion. Regarding the supply of petrol and diesel, Sharma informed that all refineries are operating at high capacity and have adequate crude inventories. India has sufficient production of petrol and diesel, and no imports are required to meet domestic demand. No cases of fuel dry-outs have been reported.

Shipping and diplomatic efforts underway

On vessels idling around the Strait of Hormuz, Rakesh Kumar Sinha, Special Secretary at the Shipping Ministry, said there are 22 ships west of the Strait in the Persian Gulf. These vessels are loaded with roughly 3.2 lakh tonnes of LPG, two lakh tonnes of liquefied natural gas (LNG) and 16.7 lakh tonnes of crude oil.

Randhir Jaiswal, spokesperson for the Ministry of External Affairs, said the Ministry continues to closely monitor the evolving situation in West Asia and the Gulf region. The Ministry is in touch with Iran and other countries for the safe passage of these 22 vessels through the Strait.

Published on March 18, 2026