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    CGST Gurugram busts fake GST registration racket
    Inter-ministerial group closely monitoring developments in West Asia: Goyal
    Qatar declares force majeure, gas supplies to Indian industry cut
    India has enough oil stock to weather West Asia crisis; coverage in place for 6-8 weeks
    Debt-to-GSDP ratio down 4 pc to 44.47 pc under AAP regime, says Punjab FM Cheema
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    West Asia crisis: Exporters seek support measures; govt ensures all facilitation
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    West Asia crisis: TCS, Wipro halt travel to Middle East, Nasscom urges remote work
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March 3, 2026
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Fraudulent GST registrations enabling Input Tax Credit misuse uncovered; coordinated raids, electronic forensics and an arrest followed.
A large-scale operation procured GST registrations for non-existent firms through forged and fraudulently obtained KYC documents, producing fake taxpayers and fraudulent invoices that enabled the wrongful availment and passing on of Input Tax Credit; coordinated IP tracking and searches led to seizure of electronic evidence and documents and to the arrest and judicial remand of a key suspect, with further investigation ongoing.
March 3, 2026
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Supply chain resilience measures initiated to monitor West Asia risks and coordinate trade, logistics and customs responses.
The government has set up an inter-ministerial group to monitor West Asia developments daily, assess vulnerabilities in shipping, logistics, exports and critical imports, and coordinate inter-ministerial actions. Measures include procedural flexibility in export authorisations, coordination with customs and port authorities to ensure smooth clearance, engagement with financial and insurance institutions to safeguard exporter interests, and a 24x7 DGFT help desk. The IMG for supply chain resilience includes departments of financial services, external affairs, shipping, petroleum and customs to facilitate coordination, monitoring and follow-up amid exporter concerns about surcharges, insurance gaps, route diversions and increased transit times.
March 3, 2026
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Force majeure declaration halts key LNG deliveries, prompting contractual supply cuts and reliance on pricier spot procurement.
Qatar declared force majeure on LNG deliveries after production halted due to regional hostilities and maritime disruptions, prompting curtailed supplies to industry and relief from supplier performance obligations. Importers are assessing long term contract entitlements, pursuing spot market purchases, and reallocating available cargoes while contending with higher war risk insurance, shipping costs, and transit constraints through the Strait of Hormuz.
March 3, 2026
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Fuel stock coverage ensures short-term supply continuity by using strategic reserves and diversified sourcing to mitigate disruptions.
India maintains sufficient crude and refined fuel inventories to manage short-term disruptions from West Asia hostilities, with strategic petroleum reserves and commercial stockpiles providing roughly six to eight weeks' coverage. The government has a 24x7 control room for continuous monitoring and contingency measures include drawing on strategic reserves, using commercial stocks, and diversifying sourcing from suppliers outside the Strait of Hormuz to sustain availability and affordability while managing price and freight risks.
March 3, 2026
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Debt-to-GSDP reduction signals fiscal consolidation as borrowings largely went to service prior liabilities under current administration.
The administration reports a reduction in the state's debt-to-GSDP ratio from its level at the start of the term and asserts that most recent borrowings were applied to servicing legacy debt, including repayment of significant portions of past principal and interest. The Finance Minister also highlights increased mobilisation of GST and excise revenues during the current four-year period relative to prior administrations, presented as strengthening fiscal capacity.
March 3, 2026
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Mandatory biometric update for children enables Aadhaar authentication for benefits, scholarships and examinations.
The UIDAI has implemented a mandatory biometric update (MBU) programme for school children aged 7-15, delivered through in-school camps and enrolment centres, with MBU made free for a limited period. Integration with UDISE+ enables identification of students due for updates and monitoring of MBU status. Initial enrolment below age five records demographic data only; fingerprints and iris biometrics are captured later via the MBU process once children reach the prescribed ages, enabling subsequent Aadhaar authentication for benefits, scholarships and examinations.
March 3, 2026
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Free trade agreements prompt industry to boost investment, research, and quality to expand manufacturing exports and access markets.
India aims to use free trade agreements to expand manufacturing exports by urging industry to increase investment, adopt new technologies, and prioritise research and quality to meet global standards. The budget supports this through record capital expenditure for infrastructure and logistics, reforms in MSME classification to improve credit and technology access, and sectoral missions including the BioPharma Shakti Mission and the Carbon Capture, Utilization, and Storage Mission to boost advanced manufacturing and sustainability-linked market access.
March 3, 2026
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Comprehensive Economic Partnership Agreement negotiations launched to set a negotiation framework and pursue an ambitious, balanced trade pact.
Terms of Reference for the India-Canada Comprehensive Economic Partnership Agreement establish the negotiation framework-setting format, frequency and approach-to guide talks toward an ambitious, balanced and mutually beneficial CEPA covering trade in goods, services and other mutually agreed policy areas, reflecting prior leader-level direction to advance negotiations.
March 3, 2026
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Quality standards and R&D investment urged to align industry with free trade agreement opportunities and export growth.
Industry is urged to accelerate investment and prioritise research and development to meet global quality standards and fully exploit opportunities from free trade agreements; early adoption of clean technologies, including carbon capture initiatives, and expanded infrastructure and logistics spending are presented as necessary complements to enhance export readiness and supply chain resilience.
March 2, 2026
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Reservation for Agniveers in police expands recruitment priority while a new Agri Discom targets uninterrupted farm power supply.
The budget creates a dedicated Haryana Agri Discom to deliver uninterrupted, reliable electricity and expedited services to all agricultural feeders and consumers, alongside biomass power projects and cropping incentives. Concurrently, it provides reserved recruitment access for returning defence personnel in the state police, forms a State Disaster Response Force with Agniveer participation, establishes an Anti Terrorist Squad under IG rank, and commits funds to rural employment guarantees, PACS reform, a Green Climate Resilience Fund, and enhanced crop compensation schemes.
March 2, 2026
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Trade facilitation to protect exporters amid West Asia crisis, focusing on logistics continuity and insurer coordination.
Government coordination aims to maintain continuity of export import logistics amid the West Asia crisis by monitoring routes, capacity, surcharges and equipment availability, directing facilitative measures including procedural flexibility in export authorisations, customs coordination, engagement with financial and insurance institutions, and targeted support for time sensitive exports; exporters sought restoration of higher RoDTEP rates, restraint on insurance premium increases by ECGC, broader insurance cover and sector specific timeline relief.
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.

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Zoho Reignites CRM for Acme Brick Company

February 11, 2026

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Zoho CRM helps Acme Brick reintroduce CRM by developing custom solutions in an effort to improve sales opportunities and customer solutions in less than a year CHENNAI, India, Feb. 11, 2026 /PRNewswire/ -- Zoho Corporation, a global technology company, today announced the successful deployment of Zoho CRM within Acme Brick Company, a subsidiary of Berkshire Hathaway. Acme Brick is one of the largest manufacturers of brick in the United States. With the help of Zoho's Enterprise Business Solutions (EBS) team, Acme Brick signed on with Zoho in March 2025 and activated Zoho CRM in August, completing a full migration from their previous CRM provider by October. Acme Brick has already developed custom functions and deeply integrated Zoho CRM with legacy systems and workflows. Solution adoption across the company's 40+ sales locations and 13 states has dramatically improved, leading to more interest and better engagement from prospective clients. "With our previous CRM provider, it felt like they didn't have any skin in the game regarding our success," said Stan McCarthy, Sr. Vice President of Sales at Acme Brick. "As an example, they recommended a third-party implementation partner that disappeared after our contract ended, leaving us unsupported. If we had support needs after that, we would have to go to the CRM provider's support website, which was not very helpful. With Zoho, the solution team that was in the room with us during development is still involved in our project today. We weren't handed off to an implementation team, because Zoho was our implementation team. That kind of support makes all the difference." "We needed an intuitive, integratable CRM that our salespeople, some of whom have been with the company for 30 or 40 years, would actually use," said Julie Lloyd, Sales Enablement Manager at Acme Brick. "Our company services both residential and commercial projects from 45 sales locations in our direct 13 state market as well as serving the needs of our distributor customers in our non-direct sales markets." After Acme Brick's previous CRM deployment failed, they looked at 10 different vendors (HubSpot, Salesforce, etc.), and in every case, they realized that they would have to change their business or sales processes to get a basic benefit from the solution. Zoho CRM wins out because it has the capabilities for customization, integration, low and no-code development, intuitive UI/UX, and platinum support that allow them to scale without changing the business, which has been successful for more than a century. "Few companies can claim Acme Brick's legacy of consistent growth and longevity," said Ajay Kummar Bajaj, Global Head of EBS at Zoho. "Acme is a diversified, unique building materials business requiring a powerful yet adaptable sales platform that is simple to implement, simple to use, simple to develop, and simple to maintain. During the deployment, the company focused on embracing the 'progressive modernization' of sales processes, which, to Zoho, is a philosophy that extends long past the deployment stage. The strong partnership built between Zoho's EBS team and Acme Brick over the past several months will continue long into the future, with Zoho's continued support and dedication to providing our customers with current tools and technologies. Thanks to this partnership, Acme Brick's success is ours, as well." Acme Brick's speedy and successful deployment of Zoho CRM underscores Zoho's standing as a first-rate enterprise technology provider for organizations prioritizing customization, integration, value, and ease-of-use. Further details about Acme Brick's deployment are as follows: Acme Brick's Use Case Acme Brick's go-to-market strategy is through both direct and distributor sales, serving the residential and commercial building materials markets, which involves three distinct sales pipelines and teams. Given this unique structure of the business, Acme needed a CRM that handles essential sales functions, such as lead tracking and task management, while integrating seamlessly with their existing tools, particularly their business intelligence solution. Zoho CRM's tight integration with Acme Brick's 3rd party BI platform has allowed sales and marketing teams to view and engage with reports from within Zoho CRM, which has increased adoption significantly. With increased adoption of CRM from sales reps, Acme Brick anticipates seeing lead flow and quality improve. Looking ahead, Acme Brick intends to leverage Zoho CRM to increase and personalize marketing efforts across all three of its divisions, with the implementation of Zoho Marketing Automation to do so under active consideration. About Acme Brick Founded in 1891 by George Bennett in Millsap, Texas (west of Ft. Worth, Texas), Acme Brick grew to become one of the largest American brick manufacturers by the mid-20th century. Today, the company employs over 1,700 associates spread across 13 states. Acme Brick owns and operates 45 sales locations, with 15 brick manufacturing, and 3 block manufacturing plants, primarily located in the South/Southwest part of the country. Disclaimer All trademarks, product names, and company names cited herein are the property of their respective owners. About Zoho With over 55 apps across nearly every major business category, Zoho Corporation is one of the world's most prolific technology companies. Headquartered in Chennai, India, Zoho is privately held and profitable, employing more than 18,000 people worldwide. Zoho is committed to user privacy and does not rely on an ad-revenue business model. The company owns and operates its data centres, providing full oversight of customer data privacy and security. Over 130 million users globally—across hundreds of thousands of companies—trust Zoho to run their businesses, including Zoho itself. For more information, visit www.zoho.com Zoho Privacy Pledge Zoho respects user privacy and does not have an ad-revenue model in any part of its business, including its free products. The company owns and operates its data centers, ensuring complete oversight of customer data, privacy, and security. More than 125 million users around the world, across hundreds of thousands of companies, rely on Zoho every day to run their businesses, including Zoho itself. For more information, please visit: https://www.zoho.com/privacy-commitment.html Media Contact: Aditi Gupta [email protected] Logo: https://mma.prnewswire.com/media/2901847/Zoho_Logo.jpg' alt='Embedded Media' /> (Disclaimer: The above press release comes to you under an arrangement with PRNewswire and PTI takes no editorial responsibility for the same.). PTI

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