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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.
March 2, 2026
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Maritime chokepoint security threatened, risking oil export disruptions and limiting the relief from increased production.
Attacks and military strikes in the Middle East disrupted maritime traffic through the Strait of Hormuz, risking restrictions on regional crude exports and driving upward pressure on oil and gasoline prices. Because the strait is a critical global oil chokepoint, market concerns focus on whether barrels can physically move; consequently, OPEC+ announcements of increased production may provide limited immediate relief if export routes remain constrained.
March 2, 2026
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Oil supply security: production increases meet limited relief when export routes through the Strait of Hormuz are disrupted.
OPEC+ announced an April increase in crude production intended to augment available supply while regional military attacks and disruptions to tanker movements - particularly through the Strait of Hormuz - threaten export routes. The notice underscores that interruptions to transit can limit the relief additional output provides and that access to export channels will be decisive for near-term market stability and price direction.
March 1, 2026
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Energy security measures cushion supply shocks but elevate price volatility and macroeconomic pressures for oil importers.
Escalating tensions around Iran and the Strait of Hormuz create near-term energy security risks for India manifested chiefly as price volatility and macroeconomic pressure rather than immediate physical shortages. Layered inventory buffers - commercial stocks, in transit cargoes and Strategic Petroleum Reserves - combined with diversified sourcing options (including Atlantic suppliers and Russian optionality) reduce the likelihood of sustained supply disruption, though longer transit times and LNG contractual rigidity limit rapid substitution and increase vulnerability to prolonged closures.
March 1, 2026
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GST revenue growth signals strengthened tax receipts driven by import collections and improved domestic sales affecting fiscal enforcement.
A court ordered continued judicial custody for eight alleged Lashkar-e-Taiba operatives accused of illegal entry and procuring forged identity documents while another court directed the immediate release of 14 student protesters arrested after a campus demonstration. Separately, gross Goods and Services Tax collections rose year-on-year, led by higher import receipts and improved domestic sales, reflecting stronger enforcement and compliance dynamics within the indirect tax regime.
March 1, 2026
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SGST growth reflects strengthened tax administration and compliance following GST rate rationalisation, bolstering state revenues.
Haryana reports marked year on year expansion in State Goods and Services Tax (SGST) receipts for 2025-26, attributing the improvement to strengthened tax administration, enhanced compliance stemming from departmental reforms and better tax analysis, facilitation via district GST Suvidha Kendras, and the GST Council's September 2025 rate rationalisation as complementary drivers of revenue growth.
March 1, 2026
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GST revenue growth maintained despite rate reductions; enhanced compliance and AI-driven analytics strengthened state collections effectively.
Andhra Pradesh achieves record net Goods and Services Tax receipts for February, with SGST and IGST growth offsetting marginal gross GST decline. Revenue momentum is supported by higher professional tax and petroleum VAT receipts. The state credits strengthened compliance-targeted audits, stricter return filing, coordinated IGST settlements, and performance based officer deployment-and advanced data analytics and AI oversight that detect evasion and reverse ineligible input tax credit claims for measurable recoveries.
March 1, 2026
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Shipping risk allocation: exporters urged to avoid CIF and prefer FOB as geopolitical risks raise freight and insurance exposure.
Advises exporters to avoid new Cost, Insurance and Freight (CIF) commitments to Iran and Gulf destinations and to conclude sales on Free-On-Board (FOB) terms where feasible so freight, insurance and related risks rest with the buyer. Notes that West Asia instability may sharply increase bunker prices, disrupt vessel availability, raise freight and insurance premiums, and produce price volatility; urges restraint, avoidance of open-ended unhedged positions, and monitoring of consignments in transit or awaiting clearance.
March 1, 2026
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GST rate restructuring boosts revenues as import and domestic consumption support post cut recovery in collections.
GST collections rose year on year following a statutory GST rate restructuring that reduced rates on numerous items and consolidated slabs; import revenue and domestic consumption supported recovery after an initial post cut dip. The pattern includes higher refunds, lower cess receipts, and divergent state level growth, raising considerations for revenue forecasting, state fiscal impacts, and the operational stability of the restructured indirect tax framework.
March 1, 2026
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Export disruptions to Iran risk shipment halts and payment delays for rice exporters amid regional conflict.
Shipments to Iran and consignments to Afghanistan via Bandar Abbas have been held up following military strikes, causing immediate shipment disruptions and likely payment delays until the security situation improves; exporters warn the impact depends on conflict duration and note heightened commercial risk from lack of war-risk insurance for vessels.
March 1, 2026
Show AI Summary
Goods and Services Tax collections rose driven by import revenue growth, with higher refunds and lower cess receipts.
Gross collections under the Goods and Services Tax increased year on year, driven mainly by a stronger rise in import related GST receipts; domestic GST rose more modestly. Total refunds increased, and net GST receipts were higher year on year, while cess receipts declined markedly compared with the prior year period.
March 1, 2026
Show AI Summary
Energy supply resilience mitigates immediate oil disruption risk, though prolonged Hormuz closure heightens price and supply concerns.
India's layered inventory buffers - commercial stocks, in-transit crude and strategic petroleum reserves - and full refinery tanks reduce the likelihood of immediate physical disruption from a short-term Strait of Hormuz closure, shifting the principal near-term impact to price, freight and insurance volatility; prolonged closure would more severely affect LNG and LPG due to contract rigidity and transit dependence, prompting reliance on diversified sourcing, Russian optionality, longer transit planning and strategic reserve drawdowns.
March 1, 2026
Show AI Summary
Bail parity: Former CMO official released after court found investigation substantially complete and parity with other accused.
The court evaluated bail petitions in parallel Economic Offences Wing and Enforcement Directorate inquiries alleging a syndicate diverted liquor to government shops and laundered proceeds; it found the investigation substantially complete, trial unlikely to conclude soon, and that continued detention would not serve justice. Prosecution relied on asserted digital communications and co-accused statements alleging supervisory role and receipt/handling of proceeds; defence disputed incriminating material, reliance on statements, selective arrests and urged parity and repeated prior incarcerations. The court held evidentiary weight requires trial testing and noted parity with other released accused.
February 28, 2026
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Bail parity principle applied where investigational delay and statement based evidence affect custodial necessity in money laundering cases.
High Court review of bail in concurrent EOW criminal and ED money laundering investigations centred on investigational stage, evidentiary weight of digital material and co accused statements, and parity with released principal accused. The court noted protracted investigation timelines, contested allegations about supervisory involvement and receipt of alleged proceeds, and held that inferential and statement based evidence must be evaluated at trial, making the stage of probe and likelihood of prolonged proceedings relevant to custodial decisions.
February 28, 2026
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AI policy implementation: ensure agricultural AI delivers to farmers via infrastructure, governance and data protection.
Maharashtra's agricultural AI policy promises institutional development, digital public infrastructure, financial support and capacity building, but implementation is lagging: allocated funds remain unspent, innovation centres and leadership appointments are pending, and summit activities have not translated into grassroots adoption. Addressing the rural digital divide, establishing data protection safeguards, auditing the crop insurance scheme, stabilising price support and export policy, and creating a concrete roadmap with oversight are identified as necessary to ensure AI tools benefit ordinary farmers.

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Cabinet approves Rehabilitation and upgradation of Ghoti – Trimbak (Mokhada) – Jawhar – Manor – Palghar section of NH-160A to 2 Lane /4 Lane with paved shoulder configuration with a Total Length of 154.635 km and Total Capital Cost of Rs.3320.38 crore in Maharashtra

February 16, 2026

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The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi, yesterday has approved the rehabilitation and upgradation of the Ghoti–Trimbak (Mokhada)–Jawhar–Manor–Palghar section of NH-160A in Maharashtra on Engineering, Procurement and Construction (EPC) mode, with a total length of 154.635 km and a total capital cost of Rs.3,320.38 crore.

The region west of Nashik, particularly around Ambad and Satpur, hosts a dense cluster of industrial units developed by Maharashtra Industrial Development Corporation. This generates significant freight traffic. At present, this traffic moves through Nashik city via NH-848, adding pressure on urban roads. Existing major routes are already operating near Level of Service (LOS) – C levels:

NH-848 (6L) from Mumbai: 50,000–60,000 PCU/day (LOS-C: 55,000)

NH-60 (4L) from Pune: 40,000–50,000 PCU/day (LOS-C: 36,000)

Upgradation of NH-160A will provide an alternate route from these industrial areas via Triambak, bypassing the city and reducing congestion. The traffic from Mumbai (west side) and Southern side is expected to use Samrudhi Expressway through the interchange at Igatpuri on NH-848. Thereafter, the traffic would travel on NH-848 upto Ghoti and use NH-160A for travel to Trimbak and Nashik. From 2028 onwards, projected daily traffic exceeds 10,000 PCUs, qualifying the corridor for 4-laning.

The section of NH-160A extending westward from Trimbak toward Manor and Palghar connects NH-160A to Delhi-Mumbai Expressway (NE-4), NH-48 and onward to the western coastal belt, as well as tribal areas of Palghar District. Though this link is at present having 4,500 PCUs traffic, development of existing intermediate-lane carriageway to two-lanes with paved shoulders will facilitate smoother movement of both freight and passenger traffic. Also, the stretch from Manor to Palghar passes through urban built-up sections with traffic of about 12,000 PCUs, upgradation to four-lanes has been proposed for smoother movement in this urban section.

The project has been proposed in line with the PM GatiShakti principles and will connect 6 PM GatiShakti Economic Nodes, 01 Social Nodes and 8 Logistics Nodes in the State of Maharashtra. This will have a positive impact on the Logistic Performance Index (LPI) of the country.

Upon completion, the project will also facilitate smooth and safe traffic flow, substantial reduction in travel time, and a notable decrease in Vehicle Operating Cost (VOC). Additionally, the implementation of the project will enhance the basic infrastructure in the tribal region, contributing to overall economic development. The project is also estimated to generate approximately 19.98 lakh person-days of direct employment and 24.86 lakh person-days of indirect employment, besides inducing additional economic activity along the corridor.

Map of Corridor

Project Details

Feature

Details

Project Name

Rehabilitation and upgradation of Ghoti – Trimbak (Mokhada) – Jawhar – Manor – Palghar section of NH-160A to 2 Lane /4 Lane with paved shoulder configuration and in the state of Maharashtra on Engineering, Procurement and Construction (EPC) Mode.

Corridor

Sinnar to Palghar NH 160A

Length (km)

154.635

Total Civil Cost (Rs Cr.)

2594.49

Land Acquisition Cost (Rs Cr.)

725.89

Total Capital Cost (Rs Cr.)

3320.38

Mode

Engineering, Procurement and Construction (EPC) Mode

Major Roads Connected

Expressways: Delhi–Mumbai Expressway (NE-4) and Mumbai-Nagpur Samruddhi Mahamarg

National Highways: NH-848 and NH-48.

State Highways – SH-04, SH-73, SH-76, SH-77, SH-78 and SH-30

Economic / Social / Transport Nodes Connected

06 PM Gati Shakti Economic Nodes:

02 SEZs- Tarapur & Boisar, 02 Industrial Parks- Palghar & Mokhada, 02 Industrial Co-Operative Estates- Wada & Tarapur,

07 Social Nodes:

1 Tribal district- Palghar, 06 Tourist Places- Trimbakeshwar, Jawhar Rajwada, Vaitarna River, Kevla Beech, Arnala Fort, Tungeshwar Sanctuary),

08 logistics nodes:

03 Major Railway Station- Palghar Nashik & Shirdi, 03 Airport- Ozar, Shirdi & Mumbai, 02 Ports- Vadhavan & JNPT

Major Cities / Towns Connected

Trimbak (Mokhada), Jawhar, Manor, Palghar, Mumbai, Nashik

Employment Generation Potential

~19.98 lakh person-days of direct employment

~24.86 lakh person-days of indirect employment

Annual Average Daily Traffic (AADT) in FY-25

Ghoti – Trimbak section:

6,700 PCU/day

Trimbak (Mokhada) – Manor section:

4,323 PCU/day

Manor – Palghar section:

12,455 PCU/day

 

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Acts Income Tax