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    Global markets roiled as conflict in Middle East spreads, energy prices soar
    Department of Commerce convenes Stakeholder Consultation to ensure trade continuity amid evolving geopolitical developments
    CAD widens to USD 13.2 bn in Q3 on higher trade deficit: RBI
    Gross and Net GST revenue collections for the month of Feb, 2026
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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.
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.

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Fintech Platform Endl Secures 1.5 Million Dollar Investment to Scale Global Payment Infrastructure

February 16, 2026

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Fintech platform Endl has raised 1.5 million dollars in pre-seed funding with participation from Iterative Singapore, 500 Global, and the XRPL Accelerator by Tenity. The investment marks a significant step in the company’s mission to modernise cross border payments for businesses operating in emerging markets. The funding will support Endl’s expansion across South East Asia, the Middle East, and India, while strengthening its product capabilities and regulatory infrastructure. As global commerce becomes increasingly digital, the company is positioning itself at the intersection of traditional finance and blockchain powered payments.

Reimagining how global payments work Endl offers businesses a unified platform to manage multi currency accounts, hold and convert fiat and stablecoins, and execute international payouts with speed and transparency. In addition to its banking and settlement tools, the company also provides Endl Corporate Cards, enabling businesses to directly spend their global balances across online and offline merchants worldwide.

These cards are linked to users’ multi currency and stablecoin wallets, allowing seamless conversion at the point of transaction and giving companies greater control over international expenses, subscriptions, and operational spending. By integrating regulated banking rails, stablecoin infrastructure, and corporate spending tools, Endl is creating a complete financial operating system for modern businesses.

Unlike conventional fintech solutions that treat digital assets as add ons, Endl has built its architecture with stablecoins at the core. This allows the platform to optimise liquidity, reduce intermediaries, and deliver near real time settlements while maintaining full compliance.

Reflecting on this approach, Co Founder Ashita Batra said, “Endl empowers both Web3 and Web2 organizations with USD, EUR, CAD and GBP fiat accounts, access to compliant stablecoin payments, stablecoin to fiat cross border remittances, treasury management and yield products. Our focus has always been on giving businesses institutional grade tools without complexity.” Leadership rooted in practical innovation Endl is led by founders with deep experience in banking, payments, and financial technology.

Ashita Batra, Co Founder and Chief Executive Officer, brings a strong background in economics and digital finance. Her leadership philosophy centres on making global money movement intuitive and reliable for businesses that are often underserved by traditional banks.

Co Founder and Chief Technology Officer Tejas Arun leads the company’s technology strategy, building scalable and secure infrastructure designed for multi market operations. Under his leadership, Endl supports multiple blockchain networks while ensuring enterprise grade security and compliance.

Together, the founders share a long term vision of rebuilding global financial infrastructure around speed, transparency, and accessibility.

This thinking is echoed in a recent company post, where Endl noted, “Traditional banking was designed for a single nation and currency. Modern teams are global in scope, and Endl is moving the needle by making global business banking simpler with stablecoin efficiency and multi currency tools.” Solving a real problem in emerging markets Across many emerging economies, businesses rely on informal peer to peer exchanges to convert stablecoins. These channels are often unreliable, unregulated, and exposed to operational and fraud risks.

Endl addresses this gap by offering a compliant alternative that does not require users to understand complex blockchain mechanics. Businesses can collect payments from clients in the United States and Europe, manage funds securely, and use their Endl Corporate Cards for day to day spending, travel, and digital services, all within a regulated framework.

This integrated approach reduces dependency on fragmented financial tools and enables smoother global operations.

Accelerating growth after fundraising With the new capital, Endl plans to expand its product ecosystem, including enhancements to its corporate card program, advanced payout solutions, and deeper integrations with regulated financial partners. The company will also continue investing in compliance systems and regional partnerships to ensure sustainable growth. Its participation in programs such as 500 Global’s Sanabil Accelerator and the XRPL Accelerator by Tenity reflects strong institutional confidence in its business model and leadership.

Building the future of borderless banking Endl’s long term vision is to create a comprehensive compliant banking suite around stablecoin wallets, cross border payment rails, and global corporate cards. The objective is to give businesses in emerging markets access to the same financial capabilities as enterprises in developed economies.

By combining regulatory discipline with digital asset innovation, Endl is shaping a new model of business banking, one where speed, security, and accessibility coexist. As cross border commerce continues to accelerate, Endl is positioning itself not just as a payments provider, but as a foundational partner for businesses navigating the digital economy.

(Disclaimer: The above press release comes to you under an arrangement with NRDPL and PTI takes no editorial responsibility for the same.). PTI PWR

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