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RBI revises counterparty credit risk rules to align with Basel normsIn March 2026, the Reserve Bank of India (RBI) released the RBI (Commercial Banks – Prudential Norms on Capital Adequacy) Third Amendment Directions, 2026, revising its capital adequacy framework for commercial banks.The amendment introduces clearer guidelines for how banks should calculate and maintain capital to cover counterparty credit risk (CCR) exposures.Key HighlightsConsolidated Basis: A commercial bank needs to comply with the capital adequacy ratio requirements at two levels – the standalone level and the consolidated level.The Amendment provides that for computation of capital requirement on a consolidated basis, a bank shall include the CCR exposures of all such entities.Note: Counterparty Credit Risk (CCR) is the risk that the other party in a financial transaction (like derivatives or swaps) may default before the contract is settled.Add-on Factors: The most significant operational change is the revision of a table specifying add-on factors used to calculate Potential Future Exposure (PFE) for derivative contracts.
RBI revises counterparty credit risk rules to align with Basel normsIn March 2026, the Reserve Bank of India (RBI) released the RBI (Commercial Banks – Prudential Norms on Capital Adequacy) Third Amendment Directions, 2026, revising its capital adequacy framework for commercial banks.The amendment introduces clearer guidelines for how banks should calculate and maintain capital to cover counterparty credit risk (CCR) exposures.Key HighlightsConsolidated Basis: A commercial bank needs to comply with the capital adequacy ratio requirements at two levels – the standalone level and the consolidated level.The Amendment provides that for computation of capital requirement on a consolidated basis, a bank shall include the CCR exposures of all such entities.Note: Counterparty Credit Risk (CCR) is the risk that the other party in a financial transaction (like derivatives or swaps) may default before the contract is settled.Add-on Factors: The most significant operational change is the revision of a table specifying add-on factors used to calculate Potential Future Exposure (PFE) for derivative contracts.
RBI revises counterparty credit risk rules to align with Basel normsIn March 2026, the Reserve Bank of India (RBI) released the RBI (Commercial Banks – Prudential Norms on Capital Adequacy) Third Amendment Directions, 2026, revising its capital adequ...
WHO Foundation and Novo Nordisk Partner to Combat Childhood Obesity in IndiaIn March 2026, the WHO Foundation, an independent organization established to support the mission of the World Health Organization (WHO), partnered with Novo Nordisk, a Danish multinational pharmaceutical company, to raise awareness and address the growing challenge of childhood obesity in India. Key Details of Partnership:Purpose:The partnership aims to reduce childhood obesity by promoting healthier lifestyles, strengthening early risk identification, and supporting obesity prevention and health-system readiness through a scalable school-based health programme.Key Focus Areas: The initiative will focus on selected districts in India and integrate health screening, lifestyle education, physical activity promotion and mental health support within school environments.Alignment: The programme aligns with the Ayushman Bharat – School Health and Wellness Programme, launched in 2018 under the Ministry of Health and Family Welfare (MoHFW) and Ministry of Education (MoE), and the WHO Health Promoting Schools framework.About WHO Foundation: It is an independent organisation established in 2020 and headquartered in Geneva, Switzerland.
WHO Foundation and Novo Nordisk Partner to Combat Childhood Obesity in IndiaIn March 2026, the WHO Foundation, an independent organization established to support the mission of the World Health Organization (WHO), partnered with Novo Nordisk, a Danish multinational pharmaceutical company, to raise awareness and address the growing challenge of childhood obesity in India. Key Details of Partnership:Purpose:The partnership aims to reduce childhood obesity by promoting healthier lifestyles, strengthening early risk identification, and supporting obesity prevention and health-system readiness through a scalable school-based health programme.Key Focus Areas: The initiative will focus on selected districts in India and integrate health screening, lifestyle education, physical activity promotion and mental health support within school environments.Alignment: The programme aligns with the Ayushman Bharat – School Health and Wellness Programme, launched in 2018 under the Ministry of Health and Family Welfare (MoHFW) and Ministry of Education (MoE), and the WHO Health Promoting Schools framework.About WHO Foundation: It is an independent organisation established in 2020 and headquartered in Geneva, Switzerland.
WHO Foundation and Novo Nordisk Partner to Combat Childhood Obesity in IndiaIn March 2026, the WHO Foundation, an independent organization established to support the mission of the World Health Organization (WHO), partnered with Novo Nordisk, a Danis...
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DPIIT and Voltas Limited Sign MoU for Cooling and Smart Appliance InnovationIn March 2026, the Department for Promotion of Industry and Internal Trade (DPIIT) under the Ministry of Commerce and Industry (MoC&I) signed a Memorandum of Understanding (MoU) with Voltas Limited, a Tata Enterprise, to promote collaboration between industry and start-ups in the cooling and smart appliance ecosystem.The MoU was signed by Sumeet Kumar Jarangal, Director at DPIIT, and Mukundan Menon, Managing Director of Voltas Limited, in New Delhi, Delhi.About Industry–Start-up collaboration:Focus Areas:The partnership targets technologies in Heating, Ventilation and Air Conditioning (HVAC), advanced control systems, power electronics, Artificial Intelligence (AI) and Machine Learning(ML) diagnostics, Internet of Things (IoT)-enabled appliances, and manufacturing digitalisation.Initiatives: Startup India initiative under DPIIT and Voltas will organise ‘Bharat Startup Grand Challenge(BSGC) innovation challenges’ and hackathons addressing industry problems.Support and PoC:Selected start-ups will receive mentorship, technical guidance, testing infrastructure access, and market linkages, and may participate in Proof-of-Concept (PoC) programmes and field trials with Voltas engineering teams.
DPIIT and Voltas Limited Sign MoU for Cooling and Smart Appliance InnovationIn March 2026, the Department for Promotion of Industry and Internal Trade (DPIIT) under the Ministry of Commerce and Industry (MoC&I) signed a Memorandum of Understanding (MoU) with Voltas Limited, a Tata Enterprise, to promote collaboration between industry and start-ups in the cooling and smart appliance ecosystem.The MoU was signed by Sumeet Kumar Jarangal, Director at DPIIT, and Mukundan Menon, Managing Director of Voltas Limited, in New Delhi, Delhi.About Industry–Start-up collaboration:Focus Areas:The partnership targets technologies in Heating, Ventilation and Air Conditioning (HVAC), advanced control systems, power electronics, Artificial Intelligence (AI) and Machine Learning(ML) diagnostics, Internet of Things (IoT)-enabled appliances, and manufacturing digitalisation.Initiatives: Startup India initiative under DPIIT and Voltas will organise ‘Bharat Startup Grand Challenge(BSGC) innovation challenges’ and hackathons addressing industry problems.Support and PoC:Selected start-ups will receive mentorship, technical guidance, testing infrastructure access, and market linkages, and may participate in Proof-of-Concept (PoC) programmes and field trials with Voltas engineering teams.
DPIIT and Voltas Limited Sign MoU for Cooling and Smart Appliance InnovationIn March 2026, the Department for Promotion of Industry and Internal Trade (DPIIT) under the Ministry of Commerce and Industry (MoC&I) signed a Memorandum of Understanding (M...
MoAFW Releases 2nd Advance Estimates of Production of Major Agricultural Crops 2025-26On March 10 2026, Union Minister Shivraj Singh Chouhan, Ministry of Agriculture and Farmers Welfare (MoAFW) released the data of 2nd Advance Estimates of production of major agricultural crops (including Kharif and Rabi crops)for the year 2025-26.The crop area data received from the states has been validated and cross-verified using information from remote sensing, the Weekly Crop Weather Watch Group(WCWWG), and other agencies, while yield estimates are based on Crop Cutting Experiments (CCEs), past production trends, and other relevant factors.Key Estimates:Food Grain Production: As per the newly released data, Kharif foodgrain production is estimated at 1741.44 Lakh Metric Tonnes (LMT) and Rabi food grain production at 1745.13 LMT.Rice Production: For Kharif, rice production is estimated at 1239.28 LMT (for 2025-26) and for Rabi rice production is projected at 167.20 LMT for the same time period.Pulses Production: Among pulses, tur production is estimated at 34.55 LMT; gram at 117.92 LMT; and lentil at 17.33 LMT.Oilseeds Production: The production of oilseeds is pegged at 265.33 LMT (in the Kharif season) and 144.65 LMT (in the Rabi season).Commercial Crops: Some of the major commercial crops production projections: 5001.97 LMT (sugarcane ); 290.91 lakh Bales (170 kilograms, kgs each) (cotton) and 81.27 lakh Bales (180 kgs each) (jute).
MoAFW Releases 2nd Advance Estimates of Production of Major Agricultural Crops 2025-26On March 10 2026, Union Minister Shivraj Singh Chouhan, Ministry of Agriculture and Farmers Welfare (MoAFW) released the data of 2nd Advance Estimates of production of major agricultural crops (including Kharif and Rabi crops)for the year 2025-26.The crop area data received from the states has been validated and cross-verified using information from remote sensing, the Weekly Crop Weather Watch Group(WCWWG), and other agencies, while yield estimates are based on Crop Cutting Experiments (CCEs), past production trends, and other relevant factors.Key Estimates:Food Grain Production: As per the newly released data, Kharif foodgrain production is estimated at 1741.44 Lakh Metric Tonnes (LMT) and Rabi food grain production at 1745.13 LMT.Rice Production: For Kharif, rice production is estimated at 1239.28 LMT (for 2025-26) and for Rabi rice production is projected at 167.20 LMT for the same time period.Pulses Production: Among pulses, tur production is estimated at 34.55 LMT; gram at 117.92 LMT; and lentil at 17.33 LMT.Oilseeds Production: The production of oilseeds is pegged at 265.33 LMT (in the Kharif season) and 144.65 LMT (in the Rabi season).Commercial Crops: Some of the major commercial crops production projections: 5001.97 LMT (sugarcane ); 290.91 lakh Bales (170 kilograms, kgs each) (cotton) and 81.27 lakh Bales (180 kgs each) (jute).
MoAFW Releases 2nd Advance Estimates of Production of Major Agricultural Crops 2025-26On March 10 2026, Union Minister Shivraj Singh Chouhan, Ministry of Agriculture and Farmers Welfare (MoAFW) released the data of 2nd Advance Estimates of production...
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NITI Aayog Releases Fiscal Health Index 2026; Odisha Ranks FirstIn March 2026, Suman Bery, Vice-Chairman of the National Institution for Transforming India (NITI Aayog), and Nidhi Chhibber, Chief Executive Officer (CEO, Additional Charge) of NITI Aayog, released the second annual edition of the “Fiscal Health Index (FHI) 2026” in New Delhi, Delhi.FHI 2026 evaluates the fiscal performance and financial soundness of Indian states for the Financial Year 2023-24 (FY24), based on data from the Comptroller and Auditor General of India (CAG).Odisha secured the top rank with an FHI score of 73.1, followed by Goa (54.7) and Jharkhand (50.5).Performance of Major States:Front-Runners: The Front-Runner category includes Gujarat, Maharashtra, Chhattisgarh, Telangana, Uttar Pradesh (UP) and Karnataka.Performers: Madhya Pradesh (MP), Haryana, Bihar, Tamil Nadu (TN) and Rajasthan fall under the Performer category, reflecting moderate fiscal management with scope for improvement.Aspirational: West Bengal (WB), Kerala, Andhra Pradesh (AP) and Punjab are placed in the Aspirational category, characterised by higher fiscal deficits, elevated debt levels (35–45 percent of GSDP), and large committed expenditures.
NITI Aayog Releases Fiscal Health Index 2026; Odisha Ranks FirstIn March 2026, Suman Bery, Vice-Chairman of the National Institution for Transforming India (NITI Aayog), and Nidhi Chhibber, Chief Executive Officer (CEO, Additional Charge) of NITI Aayog, released the second annual edition of the “Fiscal Health Index (FHI) 2026” in New Delhi, Delhi.FHI 2026 evaluates the fiscal performance and financial soundness of Indian states for the Financial Year 2023-24 (FY24), based on data from the Comptroller and Auditor General of India (CAG).Odisha secured the top rank with an FHI score of 73.1, followed by Goa (54.7) and Jharkhand (50.5).Performance of Major States:Front-Runners: The Front-Runner category includes Gujarat, Maharashtra, Chhattisgarh, Telangana, Uttar Pradesh (UP) and Karnataka.Performers: Madhya Pradesh (MP), Haryana, Bihar, Tamil Nadu (TN) and Rajasthan fall under the Performer category, reflecting moderate fiscal management with scope for improvement.Aspirational: West Bengal (WB), Kerala, Andhra Pradesh (AP) and Punjab are placed in the Aspirational category, characterised by higher fiscal deficits, elevated debt levels (35–45 percent of GSDP), and large committed expenditures.
NITI Aayog Releases Fiscal Health Index 2026; Odisha Ranks FirstIn March 2026, Suman Bery, Vice-Chairman of the National Institution for Transforming India (NITI Aayog), and Nidhi Chhibber, Chief Executive Officer (CEO, Additional Charge) of NITI Aay...
Union Textiles Minister Giriraj Singh Launches Bharat Tex 2026On 11 March 2026, Union Minister Giriraj Singh, Ministry of Textiles (MoT), launched Bharat Tex 2026, India’s flagship global textile event, expected to become one of the world’s largest integrated textile fairs, aimed at positioning India as a reliable sourcing destination and investment hub for the global textile industry.Overview of Bharat Tex 2026:Event: Bharat Tex 2026 will be held from July 14 to 17, 2026 at Bharat Mandapam, New Delhi (Delhi).Organiser: The event is organised by the Bharat Tex Trade Federation (BTTF), an umbrella body of 11 textile-related Export Promotion Councils (EPCs) and industry organisations, with support from MoT.Vision Alignment: The event supports the Prime Minister’s (PM) 5F Vision—Farm to Fibre, Fibre to Factory, Factory to Fashion, and Fashion to Foreign markets, under the Make in India, aiming to strengthen the entire textile value chain from raw material production to global exports.
Union Textiles Minister Giriraj Singh Launches Bharat Tex 2026On 11 March 2026, Union Minister Giriraj Singh, Ministry of Textiles (MoT), launched Bharat Tex 2026, India’s flagship global textile event, expected to become one of the world’s largest integrated textile fairs, aimed at positioning India as a reliable sourcing destination and investment hub for the global textile industry.Overview of Bharat Tex 2026:Event: Bharat Tex 2026 will be held from July 14 to 17, 2026 at Bharat Mandapam, New Delhi (Delhi).Organiser: The event is organised by the Bharat Tex Trade Federation (BTTF), an umbrella body of 11 textile-related Export Promotion Councils (EPCs) and industry organisations, with support from MoT.Vision Alignment: The event supports the Prime Minister’s (PM) 5F Vision—Farm to Fibre, Fibre to Factory, Factory to Fashion, and Fashion to Foreign markets, under the Make in India, aiming to strengthen the entire textile value chain from raw material production to global exports.
Union Textiles Minister Giriraj Singh Launches Bharat Tex 2026On 11 March 2026, Union Minister Giriraj Singh, Ministry of Textiles (MoT), launched Bharat Tex 2026, India’s flagship global textile event, expected to become one of the world’s largest i...
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Overview of PM Narendra Modi’s Visit to Kerala, TN on March 11, 2026On 11 March 2026, Prime Minister (PM) Narendra Modi visited Ernakulam (Kerala) and Tiruchirappalli (Tamil Nadu, TN), where he inaugurated, dedicated to the nation and laid the foundation stone for multiple development projects worth around Rs 16,450 crore across sectors such as petroleum and natural gas infrastructure, highways, rural connectivity and railways.Highlights of the Visit:Kerala: During the visit to Ernakulam, Kerala, PM Narendra Modi inaugurated, dedicated to the nation, laid foundation stones and flagged off multiple development projects worth around Rs 10,800 crore.He laid the foundation stone for a Polypropylene Unit at the Kochi Refinery of Bharat Petroleum Corporation Limited (BPCL) with an investment of over Rs 5,500 crore and a capacity of 400 Kilo Tons Per Annum (KTPA) to boost domestic polymer production and reduce import dependence.TN: During the visit to Tiruchirappalli (TN), PM Modi inaugurated, dedicated to the nation and laid foundation stones for development projects worth about Rs 5,650 crore across petroleum, infrastructure, rural connectivity and railway sectors.The foundation stone was laid for the City Gas Distribution Network (CGD) of BPCL in The Nilgiris and Erode districts with an investment of over Rs 3,680 crore, which will provide Piped Natural Gas (PNG) connections to over 8.8 lakh households, supply gas to 200+ commercial establishments, and establish 201 Compressed Natural Gas (CNG) stations.
Overview of PM Narendra Modi’s Visit to Kerala, TN on March 11, 2026On 11 March 2026, Prime Minister (PM) Narendra Modi visited Ernakulam (Kerala) and Tiruchirappalli (Tamil Nadu, TN), where he inaugurated, dedicated to the nation and laid the foundation stone for multiple development projects worth around Rs 16,450 crore across sectors such as petroleum and natural gas infrastructure, highways, rural connectivity and railways.Highlights of the Visit:Kerala: During the visit to Ernakulam, Kerala, PM Narendra Modi inaugurated, dedicated to the nation, laid foundation stones and flagged off multiple development projects worth around Rs 10,800 crore.He laid the foundation stone for a Polypropylene Unit at the Kochi Refinery of Bharat Petroleum Corporation Limited (BPCL) with an investment of over Rs 5,500 crore and a capacity of 400 Kilo Tons Per Annum (KTPA) to boost domestic polymer production and reduce import dependence.TN: During the visit to Tiruchirappalli (TN), PM Modi inaugurated, dedicated to the nation and laid foundation stones for development projects worth about Rs 5,650 crore across petroleum, infrastructure, rural connectivity and railway sectors.The foundation stone was laid for the City Gas Distribution Network (CGD) of BPCL in The Nilgiris and Erode districts with an investment of over Rs 3,680 crore, which will provide Piped Natural Gas (PNG) connections to over 8.8 lakh households, supply gas to 200+ commercial establishments, and establish 201 Compressed Natural Gas (CNG) stations.
Overview of PM Narendra Modi’s Visit to Kerala, TN on March 11, 2026On 11 March 2026, Prime Minister (PM) Narendra Modi visited Ernakulam (Kerala) and Tiruchirappalli (Tamil Nadu, TN), where he inaugurated, dedicated to the nation and laid the founda...
Uttarakhand CM Pushkar Singh Dhami Presents Rs 1.11 lakh crore Budget for FY27 In March 2026, Pushkar Singh Dhami, Chief Minister(CM) of Uttarakhand, presented a Rs 1,11,703.21 crore Budget for the Financial Year 2026-27 (FY27) at Uttarakhand Legislative Assembly Bhararisain (Gairsain) in Uttarakhand. The budget focuses on development through the GYAN model (Garib, Yuva, Annadata, Nari Shakti), prioritising welfare of the poor, youth, farmers and women.The FY27 budget is 10.41% higher than the previous financial year and emphasises inclusive growth, infrastructure development and social welfare.
Uttarakhand CM Pushkar Singh Dhami Presents Rs 1.11 lakh crore Budget for FY27 In March 2026, Pushkar Singh Dhami, Chief Minister(CM) of Uttarakhand, presented a Rs 1,11,703.21 crore Budget for the Financial Year 2026-27 (FY27) at Uttarakhand Legislative Assembly Bhararisain (Gairsain) in Uttarakhand. The budget focuses on development through the GYAN model (Garib, Yuva, Annadata, Nari Shakti), prioritising welfare of the poor, youth, farmers and women.The FY27 budget is 10.41% higher than the previous financial year and emphasises inclusive growth, infrastructure development and social welfare.
Uttarakhand CM Pushkar Singh Dhami Presents Rs 1.11 lakh crore Budget for FY27 In March 2026, Pushkar Singh Dhami, Chief Minister(CM) of Uttarakhand, presented a Rs 1,11,703.21 crore Budget for the Financial Year 2026-27 (FY27) at Uttarakhand Legisla...
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CISF Raising Day 2026 – March 10The Central Industrial Security Force (CISF) Raising Day is observed annually across India on 10 March to commemorate the establishment of the CISF in 1969 and to honour the service, dedication, and sacrifices of its personnel in safeguarding the nation’s critical infrastructure and industrial assets.10 March 2026 marks the 57th CISF Raising Day.CISF Background:Establishment: In 1969, CISF was established under the Central Industrial Security Force Act, 1968 (Act No. 50 of 1968). It functions under the Ministry of Home Affairs (MHA).Legislative Process: The CISF Bill was passed by the Parliament of India on 13 August 1968 and received Presidential assent on 2 December 1968.The Act came into force on 10 March 1969, marking the formation of CISF.2026 Celebrations: In 2019, the GoI decided to celebrate CISF Raising Day across different parts of India, instead of only in New Delhi, Delhi.
CISF Raising Day 2026 – March 10The Central Industrial Security Force (CISF) Raising Day is observed annually across India on 10 March to commemorate the establishment of the CISF in 1969 and to honour the service, dedication, and sacrifices of its personnel in safeguarding the nation’s critical infrastructure and industrial assets.10 March 2026 marks the 57th CISF Raising Day.CISF Background:Establishment: In 1969, CISF was established under the Central Industrial Security Force Act, 1968 (Act No. 50 of 1968). It functions under the Ministry of Home Affairs (MHA).Legislative Process: The CISF Bill was passed by the Parliament of India on 13 August 1968 and received Presidential assent on 2 December 1968.The Act came into force on 10 March 1969, marking the formation of CISF.2026 Celebrations: In 2019, the GoI decided to celebrate CISF Raising Day across different parts of India, instead of only in New Delhi, Delhi.
CISF Raising Day 2026 – March 10The Central Industrial Security Force (CISF) Raising Day is observed annually across India on 10 March to commemorate the establishment of the CISF in 1969 and to honour the service, dedication, and sacrifices of its p...
Veteran Congress Leader and Former Union Minister Biren Singh Engti Passed AwayIn March 2026, Veteran leader of Indian National Congress (INC) party and former Union Minister of State (MoS) Biren Singh Engti passed away at the age of 81 in Guwahati, Assam. He was born on March 02, 1945 in Karbi Anglong, Assam.About Biren Singh Engti:Parliamentary Career: He started his parliamentary career in the 1970s and was elected to the Lok Sabha (The Lower House of the Parliament) 5-times from Diphu constituency (Assam) ie. in 1977, 1984, 2009, and twice in 2014.Union MoS: During Rajiv Gandhi(former Prime Minister(PM) of India)-led central government , he served as MoS for various ministries such as: the Ministry of Personnel, Public Grievances and Pensions (MoPPG&P); and the Ministry of Planning and Programme Implementation between 1986 and 1989.Role in Autonomous Council: Other than his parliamentary role and MoS at the central government, he had also served as the Chief Executive Member (CEM) of Karbi Anglong Autonomous Council (KAAC).
Veteran Congress Leader and Former Union Minister Biren Singh Engti Passed AwayIn March 2026, Veteran leader of Indian National Congress (INC) party and former Union Minister of State (MoS) Biren Singh Engti passed away at the age of 81 in Guwahati, Assam. He was born on March 02, 1945 in Karbi Anglong, Assam.About Biren Singh Engti:Parliamentary Career: He started his parliamentary career in the 1970s and was elected to the Lok Sabha (The Lower House of the Parliament) 5-times from Diphu constituency (Assam) ie. in 1977, 1984, 2009, and twice in 2014.Union MoS: During Rajiv Gandhi(former Prime Minister(PM) of India)-led central government , he served as MoS for various ministries such as: the Ministry of Personnel, Public Grievances and Pensions (MoPPG&P); and the Ministry of Planning and Programme Implementation between 1986 and 1989.Role in Autonomous Council: Other than his parliamentary role and MoS at the central government, he had also served as the Chief Executive Member (CEM) of Karbi Anglong Autonomous Council (KAAC).
Veteran Congress Leader and Former Union Minister Biren Singh Engti Passed AwayIn March 2026, Veteran leader of Indian National Congress (INC) party and former Union Minister of State (MoS) Biren Singh Engti passed away at the age of 81 in Guwahati, ...
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