Trump announced the opening of a new oil refinery in Texas, calling it the first new US refinery in 50 years and part of a $300 billion deal while thanking Reliance Industries for its investment

US President Donald Trump

Business Standard

Industry face double whammy, input costs rising amid LPG shortage

Restaurant

Industry body asks 500,000 eateries to scale down cooking-intensive dishes

Central Consumer Protection Authority, Consumer protection act, restaurants, Delhi High Court, Service charge, levy

Packaged food makers face production pressure as PNG and LPG supply disruptions linked to West Asia tensions force factories to cut gas usage, raising concerns over output and supplies

Gas plan caught in regulatory minefield, New Delhi's ambitious targets to clean its air by decarbonising energy sector will be underpinned by its success in building nascent natural gas segment

Government prioritises LPG and LNG supply for domestic use as West Asia conflict disrupts shipments; India also secures alternative supplies that bypass the Strait of Hormuz

crude oil, oil sector

Union Cabinet clears amendments to IBC, Companies Act and LLP Act to ease compliance, strengthen insolvency processes and improve ease of doing business

IBC, Insolvency and Bankruptcy Code

ASSOCHAM warns that a prolonged West Asia conflict could disrupt global trade routes, push up oil prices and affect India's energy supplies, trade flows and supply chains

Trade, ports, export

Renault names India a key global production and growth hub in its futuREady strategy, with plans to launch four new models in the country by 2030 as part of a global rollout of 36 vehicles

Renault futuREady, Renault India strategy, Renault global roadmap, Renault new models India, François Provost, Renault electric vehicles

Auto component makers warn Red Sea shipping disruptions and LPG/PNG supply concerns are raising costs, delaying exports and threatening production across the supply chain

President Vikrampati Singhania said that shipments to key markets were already being affected due to vessel rerouting, port congestion, and rising freight costs linked to the Red Sea shipping disruptions

Siam asks MoPNG to give clarity on availability

SUVs, automobile industry, cars

Hyundai Motor India on Monday launched the updated Verna sedan with over 25 upgrades across design, tech, comfort and safety. Prices start at ₹10.98 lakh for the 1.5-litre MPi petrol variant

Hyundai Verna

Compared with last year's Budget, the Union Budget 2026-27 builds on the credit framework while moving decisively towards equity funding, market-linked liquidity, and structured compliance support

MSMEs

TNC Rajagopalan answers SME queries related to GST, export and import matters

export

Union Minister H D Kumaraswamy unveiled third round of speciality steel PLI scheme with relaxed thresholds, updated pricing benchmarks, and wider MSME participation to boost steel manufacturing

H D Kumaraswamy (Photo: X/@hd_kumaraswamy)

Base year revised, thresholds relaxed to reflect current market trends

Trade expert cites FTP Para 1.08 and CBIC circulars requiring that export consignments not be detained beyond three days, and clarifies documentation norms under the Advance Authorisation scheme

trade

Profitability in the banking sector is expected to remain healthy, supported by stronger core earnings

Reserve Bank of India (RBI) data also suggest a sharp pickup in corporate credit growth, with credit to industry growing 9.6 per cent as of November 2025, compared with 8.3 per cent in the corresponding fortnight of last year

RBI says banks can declare dividends based on capital adequacy levels, with payouts capped at 75 per cent of profit after tax and subject to CET1 buffers and supervisory conditions

RBI, Reserve bank

About 72 crore Basic Savings Bank Deposit Accounts (BSBDA), including those under the PM Jan Dhan scheme, are not subject to any penal charges for non-maintenance of minimum balance, Finance Minister Nirmala Sitharaman said on Monday.
In a written reply to a question in the Lok Sabha, she said banks offer zero-balance savings accounts facility in Basic Savings Bank Deposit Accounts (BSBDAs), including the accounts opened under the Pradhan Mantri Jan Dhan Yojana (PMJDY), to ensure universal access to banking facilities, particularly for unbanked, vulnerable and small depositors, and to promote financial inclusion.
These accounts do not require maintenance of any minimum balance, and the account holders are provided basic banking services such as deposits, withdrawals and ATM access free of charge, without levy of any penal charges.
"Approximately 72 crore BSBDAs, including PMJDY accounts, are not subject to any penal charges for non-maintenance of minimum balance," Sitharaman said.


Nirmala Sitharaman

During FY 202223 to FY 202425, Public Sector Banks (PSBs) have collected ₹8,092.83 crore from current account and savings account holders on account of non-maintenance of MAB

Press Trust of India

The RBI has announced Rs 1 trillion in OMO purchases to cushion tightening from advance tax outflows, even as broader pressures on durable liquidity persist due to forex interventions

Reserve Bank of India, RBI

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