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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
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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
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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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Customs & Trade

Indo US Bio-Tech Limited to invest Rs.71.51 crore in Agricultural Innovation and Research and Development by 2030-31

February 18, 2026

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New Delhi [India], February 18: Ahmedabad-based Indo US Bio-Tech Limited (BSE: 541304 NSE: INDOUS) is a leading company engaged in developing high-quality seeds through research and development. The company has released its investment roadmap up to 2030-31. It will invest Rs. 71.51 crore in agricultural innovation and research & development by 2030-31. A brief outline of the company’s roadmap is given below. Establishment of Seed Processing Plant (2026-27): In 2026-27, the company will invest more than Rs. 25 crore on 100 acres of land for R&D. For a controlled environment, it will establish a high-tech greenhouse on 1 acre of land with an investment of more than Rs. 5 crore. Similarly, the company will set up a net house on 3 acres of land with an investment of more than Rs. 75 lakh.

The company will also establish a 5000 square feet seed processing plant. More than Rs. 75 lakh will be invested in plant infrastructure. Rs. 1.25 crore will be invested in seed processing machinery.

• Focus on Seed Export (2026-27): During this period, the company will focus on seed exports. It will strategically expand into the US markets and undertake direct marketing expansion in Africa. The company will invest Rs. 5.70 crore to enter the US market, completing export licensing and documentation processes. An estimated annual growth of 12 percent is projected from this expansion. The revenue target for 2027-28 is Rs. 10.00 crore.

Additionally, the company will develop the African market with an investment of Rs. 5.60 crore, focusing on Kenya, Nigeria and Ghana. An annual growth of 15 percent is projected from this region, with a revenue target of Rs. 8.00 crore by 2027-28.

Thus, the company will focus on exports with a total investment of Rs. 11.30 crore. Break-even is expected by 2027-28 with an estimated initial profit margin of 25 percent. By 2035-36, combined revenue is projected to reach Rs. 49.17 crore.

Key implementation timeline: 2025-26: Export licenses and partnerships with African countries.

2026-27: Pilot marketing and initial exports.

2027-28: Full-scale operations begin.

• Establishment of a new Groundnut Seed Plant in Joint Venture (2026-27): The company will establish a new groundnut seed plant through a joint venture with an investment of Rs. 15 crore. A joint venture with 50 percent participation will be formed for processing and packaging. In 2026-27, the total company investment will be Rs. 59.55 crore.

• Tomato R&D Project (2027-28): In the first year, the company will invest Rs. 50 lakh in laboratory setup and genetic screening. In the second year, more than Rs. 75 lakh will be invested in breeding and field trials, along with resistance testing. In the third year, Rs. 1 crore will be invested in molecular studies and trials. Gene testing and advanced trials will be conducted. In the fourth year, Rs. 1.25 crore will be invested in large-scale trials and farmer feedback collection. In the fifth year, Rs. 1.50 crore will be invested in launching seeds in the market and providing farmer training.

This is a five-year project to develop disease-resistant tomato varieties with a total budget of more than Rs. 5 crore. The company expects to develop 2-3 resistant varieties and reduce yield loss by 25-40 percent.

• Bottle Gourd and Chilli R&D Project (2028-29): In the first year of the bottle gourd R&D project, more than Rs. 22 lakh will be invested in lab setup, screening and germination collection. In the second year, more than Rs. 28 lakh will be invested in hybridization, cross-breeding, field trials and disease testing. In the third year, more than Rs. 35 lakh will be invested in advanced trials including multi-location and pre-commercial trials. In the fourth year, sales of bottle gourd seeds will begin, with more than Rs. 40 lakh invested in full-scale production, marketing and farmer training. Total investment in the bottle gourd R&D project is estimated at more than Rs. 1.25 crore.

Under the chilli R&D project, in the first year the company will invest more than Rs. 35 lakh in collection and screening, germplasm collection, laboratory screening and marker identification. In the second year, Rs. 50 lakh will be invested in cross-breeding, marker validation and multi-location trials. In the third year, more than Rs. 60 lakh will be invested in advanced testing, germplasm improvement and pre-commercial seed launch. In the fourth year, full-scale seed production will begin with Rs. 70 lakh invested in marketing. Total investment in the comprehensive four-year chilli R&D project is estimated at Rs. 2.15 crore.

• Increase in Processing Plant Capacity (2029-30): During this period, the company will purchase state-of-the-art machinery for increased production capacity, install advanced sorting machines for maximum efficiency and expand facility space.

Through this implementation approach, the company will achieve comprehensive facility modernization. Each phase builds upon the previous one, ultimately resulting in a fully optimized processing plant. Total investment for 2028-29 is estimated at Rs. 5 crore.

8 Brinjal R&D Project (2029-30): Under the brinjal research and development project, in the first year the company will invest Rs. 50 lakh in germplasm collection, disease screening and laboratory setup for molecular breeding. In the second year, more than Rs. 65 lakh will be invested in molecular marker-assisted breeding and bacterial wilt resistance testing. In the third year, more than Rs. 60 lakh will be invested in advanced multi-location trials and Phomopsis blight resistance validation. In the fourth year, brinjal seeds will be commercialized with more than Rs. 70 lakh invested in full-scale production and farmer training programs.

The project focuses on developing high-yield hybrid varieties resistant to bacterial wilt, Phomopsis blight and fruit and shoot borer. A 50-60 percent improvement in yield is expected for farmers.

Total investment in the four-year development cycle is estimated at more than Rs. 2.65 crore. Revenue of more than Rs. 31.25 crore is targeted by the sixth year of the project.

• Tomato Seed R&D Project (2030-31): Under the two-year structured initiative, the company will work on five key stages including planning, laboratory analysis, product development, testing and commercialization. Total investment in infrastructure, human resources, materials, testing and marketing is estimated at Rs 2.69 crore. The project aims to transform tomato seeds into innovative health and agricultural solutions through nutrient extraction and sustainable methods.

In conclusion, the company will invest Rs. 71.51 crore in various agricultural innovation and research & development projects by 2030-31. This is expected to drive revenue growth, profitability and market expansion. The company management anticipates strong performance supported by improved operational efficiency and strategic growth in both domestic and international markets, with profit margins steadily increasing and potentially reaching up to 70 percent.

Note: Timelines of all projects may change or be adjusted based on seasonal weather patterns and agricultural conditions.

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

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