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    Rupee crashes 41 paise to settle at 91.49 against US dollar
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    West Asia crisis: TCS, Wipro halt travel to Middle East, Nasscom urges remote work
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March 2, 2026
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Currency depreciation worsened as geopolitical strikes and oil price surge prompted safe-haven flows and foreign fund outflows.
The rupee sharply depreciated against the US dollar due to geopolitical escalation and a crude oil price spike, which triggered safe-haven dollar demand and foreign institutional equity outflows. Higher oil prices threaten to widen India's import bill and current account pressures, producing defensive market positioning and a negative bias for the currency, even as the Reserve Bank of India intervened in the interbank market to limit further depreciation.
March 2, 2026
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Comprehensive Economic Partnership Agreement negotiations launched to cover goods and services and pursue an ambitious bilateral trade pact.
Launch of negotiations for a Comprehensive Economic Partnership Agreement (CEPA) between India and Canada, with signed Terms of Reference to set the format, frequency and approach for talks covering trade in goods, services and other policy areas. The ToR aim to guide negotiators toward an ambitious, balanced pact, resuming talks from the start after a prior pause. Negotiations target expanded market access and increased bilateral trade, identifying key goods and services sectors and naming chief negotiators for each country.
March 2, 2026
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Fuel pricing policy shields consumers by using company-held margins to stabilize retail petrol and diesel amid global crude spikes.
India's fuel pricing policy freezes retail petrol and diesel prices by allowing public sector oil companies to absorb losses when international crude prices rise and build margins when prices fall; this cushion-based approach, overseen by the Oil Ministry, will continue unless a sustained, very large spike in crude or prolonged disruptions (notably via the Strait of Hormuz) make it untenable, exposing vulnerabilities from high import dependence and increased procurement, freight, and insurance costs.
March 2, 2026
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Travel suspension to Middle East prompts IT firms to enforce employee safety measures and remote work arrangements.
Indian IT firms have suspended or deferred travel to the Middle East and implemented employee safety measures: TCS suspended all incoming and outgoing travel, advised associates to stay indoors, activated a call tree, and is coordinating with local authorities and embassies; Wipro issued a no travel advisory for multiple countries and directed regional staff to follow local guidance. Nasscom advised members to defer travel and enable work from home arrangements as a precaution while monitoring operations and preparing further measures if required.
March 2, 2026
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Customs enforcement against areca nut smuggling intensified, emphasising prosecution under prohibitory orders and strengthened border surveillance.
Intensified enforcement targets areca nut smuggling from Myanmar due to evasion of import duties and market harm to local growers. Authorities have registered numerous cases and made arrests under prohibitory-order offences prosecuted via the Indian Penal Code and the Bharatiya Nagarik Suraksha Sanhita, and separate prosecutions under the Customs Act. The government affirms continued prohibition, enhanced border surveillance, and a zero-tolerance stance including probes into alleged official complicity.
March 2, 2026
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Energy supply disruption risks push global markets lower as oil and gas price spikes strain trade and inflation expectations.
Energy supply disruptions from Middle East hostilities sharply pushed up oil, gas and fuel prices, driving marketwide volatility as investors rotated into safe havens. Attacks affecting transit through the Strait of Hormuz threaten continuity of crude and LNG exports, prompting buyers to seek alternate sources and tightening physical markets. Higher wholesale inflation readings increase the prospect of delayed monetary easing, reinforcing downward pressure on risk assets and elevating short term downside risk to trade and investment flows.
March 2, 2026
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Trade continuity secured through coordinated facilitation and procedural flexibility to protect exporters and sustain EXIM logistics.
The Department of Commerce convened a multi stakeholder consultation to coordinate regulatory and operational measures for EXIM logistics amid geopolitical developments, focusing on real time monitoring of routing, capacity, surcharges and equipment availability, and strengthening facilitation at ports and ICDs to prevent congestion. The Government emphasised a facilitative, coordinated approach prioritising supply chain resilience and exporter interests, agreeing measures including procedural flexibility for export authorisations, Customs coordination for smooth clearance, financial and insurance engagement, and prioritisation of time sensitive export segments.
March 2, 2026
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Current account deficit rises due to widening trade deficit; services surplus partially offsets external imbalance.
Current account deficit widened to USD 13.2 billion in the December quarter, driven mainly by a larger merchandise trade deficit, while net services receipts rose and partially offset the deterioration; the April-December current account deficit moderated compared with the prior year, reflecting goods and services flow dynamics within the balance of payments.
March 2, 2026
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GST revenue collections: gross receipts, refunds and net receipts reported, with state settlements and cess treatment noted.
Statement of February 2026 GST revenues detailing gross receipts by CGST, SGST and IGST (domestic and import), reported refunds (domestic and export/ICEGATE) and resulting net GST revenue split into net domestic and net customs receipts. It separately reports compensation and import cess inflows and refunds, noting compensation cess remains transitory until loan liabilities are discharged. State/UT pre- and post-settlement SGST distributions and Apr-Feb collection breakdowns by Central and State formations are included for inter-year comparison.
March 2, 2026
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Trade facilitation measures to mitigate West Asia crisis impact on exports, including customs coordination and logistical support.
The consultation assessed risks to EXIM cargo flows from West Asian hostilities and committed a facilitative, coordinated response focused on preserving trade continuity. Agreed measures include real-time monitoring of routing, capacity, surcharges and equipment availability; strengthened port/ICD facilitation to avoid congestion; targeted support for time-sensitive exports such as perishables and pharmaceuticals; procedural flexibility for export authorisations in genuine disruption; Customs coordination for smooth clearance; and engagement with financial and insurance institutions to protect exporter interests, with emphasis on MSMEs and essential imports.
March 2, 2026
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Exchange rate pressure intensified as geopolitical conflict, crude price spikes and capital outflows pushed the currency lower despite central bank support.
Severe exchange rate pressure drove the rupee sharply lower amid geopolitical conflict, FII outflows and rising crude prices, increasing India's import bill vulnerability; the Reserve Bank of India's visible market presence capped deeper intraday depreciation while analysts warned that geopolitical developments, crude trends, capital flows and key US data will determine near term exchange rate direction.
March 2, 2026
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Genetic upgrade initiative boosts local mutton and wool production via import of elite sheep and goat breeds.
Importation of Romanov and Finn sheep and Boer and Swiss Alpine goats aims to implement a genetic upgrade of Jammu and Kashmir's small ruminant population to improve growth rates, carcass yield, reproductive efficiency and overall flock productivity. Imported germplasm will be multiplied at government breeding farms and progeny distributed to farmers in phases, with farmer-level distribution starting in the third quarter of 2026-27, as part of Project 24 under the Holistic Agriculture Development Programme alongside complementary livestock and rural productivity measures.
March 2, 2026
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Oil supply disruption risk drives markets as geopolitical attacks push energy prices up and equities downward.
Attacks on Iran caused equity declines and sharp rises in oil and gold as traders priced in disruption to energy flows through the Strait of Hormuz; sustained interruptions to Iranian exports and regional shipping could tighten global supply, elevate fuel and production costs, affect major importers' sourcing strategies, and influence inflation dynamics and central bank rate decisions.
March 2, 2026
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Manufacturing activity growth driven by stronger domestic demand despite slower export orders, prompting higher input buying and hiring.
Manufacturing activity accelerated to a four-month high as stronger domestic demand supported faster output growth and higher new business intakes; firms increased input purchasing, inventories and hiring. New export orders continued to slow, somewhat constraining employment creation. Cost pressures remained moderate, and forward-looking sentiment was positive with many manufacturers expecting higher output over the year ahead.
March 2, 2026
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Compliance with IS-17900 drives local manufacturing of advanced lift control systems, reducing import dependence and strengthening supply chains.
A Phase 1 manufacturing facility invests in local production of advanced lift electronic control systems designed to comply with IS-17900, reduce import dependency, and enable component to finished product localisation. The plant will operate automated PCB and semi automatic panel lines to produce MR, MRL and Slim Panels, emphasise controlled environment quality, IoT features, and support supply chain resilience and national industrial policy objectives under the Make in India framework.
March 2, 2026
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Reservation policy implementation strengthened across public financial institutions to improve accessibility and uniform compliance measures.
Strengthening institutional capacity for uniform implementation of the Government of India's reservation policy across public financial institutions and enhancing accessibility for Persons with Disabilities were the primary objectives. The programme combined a Sugamya Bharat sensitisation session on accessibility standards and compliance requirements, a roundtable on legal provisions and practical challenges, exchange of best practices, and an interactive question-and-answer session to identify operational measures for inclusivity, accessibility and reservation policy compliance.
March 2, 2026
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Deferred Customs Duty payment enables qualified manufacturers to clear imports and pay duties monthly, subject to compliance and eligibility.
A Deferred Customs Duty payment facility allows Eligible Manufacturer Importers to clear imports without immediate duty payment and to pay applicable customs duties monthly under the Deferred Payment of Import Duty Rules, 2016, subject to prescribed Customs and GST compliance, turnover, financial standing and track record; existing AEO T1 entities meeting eligibility may participate and applications are to be submitted via the AEO portal.
March 2, 2026
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Energy supply disruption risks trigger global market selloff and safe-haven flows, lifting oil and gold while bond yields fall.
Global markets moved to risk-off after US and Israeli attacks on Iran: equities opened lower while gold and government bonds rallied and oil prices surged on fears that strikes and incidents in the Strait of Hormuz could restrict oil and LNG exports, raising the prospect of higher energy and production costs; higher-than-expected wholesale inflation readings were identified as a factor that may affect the central bank's timing for interest-rate cuts.
March 2, 2026
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Rupee depreciation driven by crude price surge, dollar strength and foreign fund outflows pressures local currency lower.
Rupee depreciation in early trade reflected external pressures-higher crude prices, a stronger US dollar, and escalated Middle East tensions-compounded by negative domestic equity sentiment and significant foreign institutional outflows. Market indicators included a firmer dollar index, rising Brent crude futures, and a recent dip in forex reserves, while analysts warned of increased import bill risk due to India's reliance on fuel imports.
March 2, 2026
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Energy supply disruption threatens global oil flows, driving sharp price increases and straining fuel and goods markets worldwide.
Attacks and retaliatory strikes in the Middle East disrupted flows through the Strait of Hormuz and regional export infrastructure, triggering sharp crude price rises and heightened risk of sustained supply constraints; OPEC+ announced production increases, but analysts stress that constrained export routes limit the immediate effectiveness of added output.

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New Research by TeachBetter.ai Reveals How Teachers Are Using AI to Redefine Education

February 11, 2026

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Top 10 AI use cases based on real teacher usage, with actionable insights on the future of AI in Education Delhi, India — [11 February 2026] : As artificial intelligence rapidly enters education systems worldwide, a critical question remains unanswered: how are teachers actually using AI in real classrooms?Today, TeachBetter.ai released a landmark research report, “How Teachers Are Using AI to Transform Education,” highlighting top 10 teacher-led use cases of AI, alongside the launch of TeachBetter.ai Version 4.0, introducing a powerful Live Quiz & Poll Generator to enable real-time assessment, response capture, and immediate feedback, all done within seconds. Based on one year of anonymised platform usage data and qualitative feedback from thousands of educators, the report marks a shift in the AI-in-education conversation—from speculation to evidence, and from tools to teaching transformation. From Hype to Habit: What the Research Reveals The report’s most important finding is clear: AI adoption in education is already happening—but in very specific, teacher-led ways. Analysis of TeachBetter.ai platform usage, spanning over 115,000 resource generations and 30,000 users reveals that teachers are increasingly embedding AI into core instructional workflows such as lesson planning, assessment, and classroom preparation. This pattern of usage demonstrates that AI delivers its greatest value when it is applied to transform teaching through teacher-first platforms, rather than being used merely to automate or outsource isolated tasks via generic chatbots. Top 10 Teacher-Led AI Use Cases Identified in Real Classrooms Based on analysis of real usage data from the TeachBetter.ai platform, the research identifies ten recurring AI use cases that now define how teachers are integrating AI into everyday teaching. Below are the five most dominant patterns, representing the highest adoption among active teachers: • AI-powered lesson planning has become foundational, with 55% of teachers using AI to design lessons as part of their regular workflow. • Assessment design is scaling rapidly, as 48% of teachers rely on AI to create quizzes and worksheets efficiently. • Teaching is shifting toward visual-first instruction, with 35% of teachers using AI-generated presentations to explain concepts. • Academic and institutional writing is being streamlined, as 32% of teachers use AI for structured documentation and communication. • Concepts are increasingly taught through experiences rather than theory, with 28% of teachers using AI to design activities and projects. The full research report details all ten teacher-led AI use cases. Download Full Report. “The evidence shows that teachers are not using AI to replace teaching, but to transform it,” the report notes. When delivered through teacher-first platforms, AI is helping classrooms shift away from rote memorisation toward deeper understanding and real-world application—aligned with the pedagogical direction of India’s NEP 2020. A key driver of this transformation is time recovery. Teachers using AI on TeachBetter.ai save an average of 4.7 hours per week, time that is largely reinvested into student mentoring, concept clarification, and differentiated instruction rather than administrative work. This finding reframes AI’s value proposition: “AI’s impact is not in saving time, but in expanding what teachers can do with it—making teaching transformation possible at scale.” — Binit Agarwalla, Founder, TeachBetter.ai TeachBetter.ai Version 4.0 Launch: Enabling Teachers to Create Online Quizzes in Seconds This research shows a clear shift: teachers are moving beyond using AI only for preparation and are beginning to embed it directly into everyday teaching. TeachBetter.ai Version 4.0 reflects this transition, prioritising application-driven instruction and real-time classroom use over simple task automation. The Live Quiz & Poll Generator exemplifies this shift—enabling teachers to create online quizzes and polls, instantly share links, capture responses, auto-grade, and deliver immediate feedback. What previously took hours can now be done in seconds. More broadly, TeachBetter.ai functions as quiet teaching infrastructure, reducing cognitive load while expanding classroom capability through: • 20+ AI tools spanning planning, instruction, assessment, creativity, and revision • 100+ interactive simulations across STEM subjects • 80+ language support, including Indian languages • Zero learning curve, with no prompt engineering or technical training required • A single, integrated platform, replacing fragmented tools and workflows Teachers Speak: What AI Adoption Really Looks Like on the Ground Across urban and rural schools in India and globally, teachers describe a consistent shift in how AI platforms like TeachBetter.ai are becoming part of everyday teaching: • From rote practice to conceptual mastery AI is valued for reducing preparation time while preserving academic rigor, allowing teachers to focus on deep understanding rather than memorisation. “AI helps me generate practice material faster, so I can focus on conceptual understanding.” — Dr. M. Gopalakrishnan, Senior Mathematics Teacher (30+ years) • Teacher-first design matters most in resource-constrained settings Guided AI workflows help schools maintain consistency and rigor even where time, resources, and technical capacity are limited. “Our teachers are creating deeper lessons and better assessments with confidence.” — Ajithra R, Teacher & School Administrator, Tamil Nadu • Curriculum alignment and time efficiency drive global adoption Teachers working across international curricula value AI that converts standards into classroom-ready lessons and assessments. “TeachBetter.ai is my go-to platform for daily teaching—faster and more precise.” — Surya Pratap, PGT Mathematics Teacher, Bahrain • AI succeeds when it becomes dependable classroom infrastructure Adoption accelerates when AI removes prompt complexity and reliably supports planning and assessment as part of daily teaching. “With TeachBetter.ai, Lesson planning and quizzes now take minutes, not hours.” — Kepha Otuke, Teacher, Kisii County, Kenya From Potential to Practice: The Path to Mass AI Adoption in Education The research makes one thing clear: while AI’s potential in education is evident, mass adoption remains the real challenge. Teachers continue to face barriers of cost, complexity, and poor alignment with classroom realities—keeping AI usage stuck at automation rather than true teaching transformation. The report frames AI adoption as a progression—from automation, to enhancement, and ultimately to transformation, where AI enables forms of teaching that were previously impractical or impossible. The greatest risk, therefore, is not AI replacing teachers, but educators treating AI only as an automation tool. This moment represents a critical inflection point. The next phase of AI adoption in education will be defined not by novelty, but by scale, simplicity, and sustainability, with teacher-first design and integrated infrastructure at its core. Realising this future will require collective effort across governments, institutions, and technology providers. TeachBetter.ai, founded by NIT and IIM alumnus Binit Agarwalla and Vipin Kumar, is contributing to this shift by building AI as quiet teaching infrastructure—comprehensive yet simple, affordable, and designed for mass adoption—helping classrooms move from rote memorization to deeper understanding and real-world application. The full research report details all ten teacher-led AI use cases and other insights around the future of AI in education. Download Full Report. Media Contact : Vipin Kumar • [email protected] • www.teachbetter.ai • +91 9676352590 (Disclaimer: The above press release comes to you under an arrangement with NRDPL and PTI takes no editorial responsibility for the same.). PTI

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