From LPG reforms and aviation updates to auto emission penalties and Lloyd’s GIFT City entry — here are today’s top energy, business, and finance stories you need to know.
Oil Ministry offers 10% more commercial LPG to states promoting PNG connections
The Oil Ministry is offering states 10 percent more LPG if they promote piped natural gas and reduce cylinder use. Due to supply issues, LPG is being rationed, with limited supply for commercial use. States can raise their allocation from 20 to 30 percent by implementing reforms and easing gas infrastructure rules. GAIL has increased PNG supply, but high local charges still hinder expansion.
By Rishi Ranjan Kala
Centre nudges airlines on free seat allocation, transparency norms
The Centre has directed airlines to improve transparency and standardisation in passenger services. Airlines must now offer at least 60 percent of seats free of charge and try to seat passengers on the same booking together. They are also required to clearly communicate policies on baggage like sports equipment, instruments, and pets, while strictly following passenger rights during delays or cancellations. These measures aim to ensure fair access, better awareness, and a more consistent travel experience across airlines.
By Rohit Vaid
CAFE-3: PMO asks concerned Ministries to first come back with resolution on penalties levied under CAFE-2
A government meeting reviewed pending penalties under CAFE-2 emission norms, totaling around ₹8,800 crore on major automakers. Hyundai, Mahindra & Mahindra, and Kia have the highest penalties, while several others have complied. Officials debated how to recover these dues, with no clear agreement between ministries. The PMO has asked for consensus on past penalties before moving ahead with CAFE-3 norms, and the meeting ended without a final decision.
By Ronendra Singh
Lloyd’s of London to anchor global reinsurance presence in GIFT City
Lloyd’s of London is set to establish operations in GIFT City, marking a major step in making India a hub for global reinsurance. The move is expected to boost access to international underwriting capital and strengthen risk management capabilities. However, experts highlight that while contracts may be signed in India, legal control and dispute resolution will often remain overseas. With more global players entering and strong growth in premiums and offices, GIFT City is rapidly emerging as a key reinsurance destination.
By Avinash Nair
Script & VO: Prethicshaa Gurumoorthy
Published on March 19, 2026