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    Oil prices rise sharply in market trading after attacks in Middle East disrupt global energy supply
    OPEC+ boosts oil production after attacks on Iran and throughout region
    Iran crisis: No immediate oil disruption for India; price volatility, macro impact seen
    HIGHLIGHTS
    Haryana records 22 pc growth in gross SGST collection in FY 2025-26, beats all states, UTs
    Andhra records highest GST collection in February at Rs 3,061 cr
    Rice exporters cautioned against CIF contracts to Iran, Gulf countries amid West Asia conflict
    GST collection grows 8.1 pc to over Rs 1.83 lakh cr in Feb
    Iran crisis: Rice exporters stare at shipment disruptions, payment delays
    GST mop-up grows 8.1 pc to over Rs 1.83 lakh cr in Feb
    Iran Crisis: No immediate oil disruption for India; Russia pivot possible if conflict drags on
    HC grants bail to ex-CMO official in 2 cases of Chhattisgarh liquor 'scam'
    Chhattisgarh liquor 'scam': HC grants bail to former CMO official Chaurasia in ED, EOW cases
    Maharashtra AI policy for agriculture laudable but implementation weak, says NCP (SP) leader
    Oil prices set for swings next week as US-Israel strikes raise supply uncertainty
    Middle East conflict: Exporters fear rise in logistics, insurance costs, impact on shipments
    Delhi Police arrests man for Rs 1.37 crore investment fraud in meat export business
    APEDA Organises Sikkim Organic Conclave-cum-International Buyer Seller Meet in Gangtok
    Andhra to open coastline for rare earth mining, eyes China import cut
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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
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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.
February 28, 2026
Show AI Summary
Oil supply disruption could trigger sharp global price swings as Middle East strikes raise market uncertainty and transit risks.
Oil supply uncertainty from recent strikes threatens significant market volatility: a contained campaign may cause a short-lived price spike if shipping and infrastructure remain intact, while broader disruption of pipelines, terminals or tanker traffic through the Strait of Hormuz would force buyers-particularly China-to seek alternative supplies, amplifying sustained upward pressure on global oil prices.
February 28, 2026
Show AI Summary
Supply chain disruption threatens longer routes and higher shipping and insurance costs for exporters in western markets.
Exporters expect logistical and insurance-cost disruptions from Middle East hostilities: altered air routes and uncertainty through the Red Sea and Gulf straits may force rerouting via the Cape of Good Hope, adding substantial transit time. Heightened geopolitical risk is likely to raise marine insurance premiums and container freight rates, increasing shipping costs; prolonged instability could also push up global energy-related input costs and exert currency pressure, prompting exporters to seek calibrated government support to sustain competitiveness.
February 28, 2026
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Investment fraud: man arrested for allegedly inducing funds via a false export venture and issuing dishonoured cheques.
The accused is alleged to have induced investment by falsely portraying a large meat export venture, obtained funds through bank transfers and arranged foreign payments via associates, and issued cheques despite insufficient funds; he absconded after committing the offence, was later arrested, and investigations aim to trace co accused and recover the cheated amount.
February 28, 2026
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Organic export compliance reinforced to boost traceability and market access following Sikkim supply chain and export readiness roadmap.
APEDA organised an Organic Conclave in Sikkim and released a Knowledge Report proposing a roadmap of infrastructure upgrades, streamlined processes, aggregation, price discovery and strategic positioning to improve export competitiveness while ensuring sustainability and traceability. The event included international buyer engagement and a technical session on the 8th Edition of the NPOP to raise compliance awareness among exporters, FPOs and certification bodies, and featured field visits to certified production clusters to strengthen farm to market linkages and buyer confidence in export readiness.
February 28, 2026
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Critical mineral security: Andhra Pradesh opens coastline to build a domestic rare earth and titanium value chain.
Andhra Pradesh seeks to open its coastline to large-scale beach sand mining to build an integrated domestic value chain for titanium minerals and rare earths. APMDC has identified and secured approvals for multiple ilmenite, rutile, zircon and monazite deposits and plans extraction, separation, refining and downstream manufacturing near ports and industrial corridors to reduce import dependence and supply-chain vulnerability.
February 28, 2026
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Government bank oversight reforms: standardized manual and real time dashboard to strengthen compliance and accountability.
Launch of a regulatory framework comprising the Government Bank Manual and Government Bank Dashboard to standardize bank handling of government transactions. The Manual prescribes operational procedures, reporting obligations, reconciliation timelines, and compliance requirements to reduce risk and strengthen accountability. The Dashboard provides real time monitoring of remittance timelines, scroll compliance, reconciliation status, transaction success rates, and service level adherence, enabling proactive oversight and performance management while supporting further digital integration and cybersecurity enhancements.

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Customs & Trade

rivexa Ignites a New Era of Global Exports

February 19, 2026

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Tiruppur, Tamil Nadu, India – Business Wire India Reinforcing its vision to reshape India’s global trade landscape, rivexa hosted a landmark industry engagement- rivOlution 2026, on 10th February at the Padmashri Dr. A. Sakthivel Auditorium, Tiruppur Exporters’ Association (TEA). The event brought industry leaders together to foster dialogue on global trade, digital export ecosystems, and sustainability-driven growth.

The engagement showcased how rivexa is enabling seamless cross-border trade and expanding global market access for Indian businesses through technology-driven sourcing and financial solutions.

rivexa: Demystifying the World of Exports and Finance The session commenced with Mr. Mainak Sarkar, Marketing Head, rivexa, welcoming the industry leaders and outlining rivexa’s vision for a supplier-centric export ecosystem.

“rivOlution 2026 is not just an event, it is a conversation starter for suppliers to understand the entire ecosystem behind global exports, cross-border finance, and payment solutions. This initiative reflects rivexa’s commitment to supplier centricity, serving as a powerful platform for industry collaboration and business growth. Through rivexa, we aim to enable exporters to access global opportunities efficiently and scale with confidence,” said Mr. Sarkar.

Reinforcing rivexa’s long-term vision, Mr. Soumen Baral, Chief, rivexa, highlighted the platform’s role as a trusted partner in enabling India sourcing for global buyers and providing a transparent export ecosystem for Indian MSMEs.

“rivexa connects every stakeholder in cross-border trade- manufacturers, global buyers, quality partners, logistics service providers, financial partners- serving as a dedicated sourcing partner in India. With 500+ global buyers across categories, we enable seamless sourcing from India with a data-backed manufacturing edge over competing Asian markets. By showcasing the capabilities of manufacturers based in large clusters such as Tiruppur, rivexa builds digital credibility, visibility, and efficiency. We provide dedicated support for both sides of the supply chain- driving sustainable growth through trust, technology, and reliable execution,” said Mr. Baral.

Watch highlights from rivOlution 2026 here: [Video Link] Strengthening Global Trade Ecosystems for Indian Exporters The event featured key representatives from the Tiruppur Exporters’ Association (TEA), who shared forward-looking perspectives on strengthening India’s export ecosystem. Mr. K. M. Subramanian- President, TEA, underscored Tiruppur’s commitment to advancing its position in international trade and reinforcing its leadership as India’s leading knitwear and apparel manufacturing hub. Mr. Anand Muthuswamy- Joint Secretary, TEA, highlighted the need for stronger exporter networks, streamlined trade processes, and deeper international collaboration to drive industry growth. Mr. Periasamy S- Advisor, Sustainability, TEA, emphasized the growing importance of sustainable and responsible manufacturing in enhancing global competitiveness.

The event also featured expert sessions on financial and technological enablers of global trade. Mr. K. Rajaraman, Chairperson, International Financial Services Centres Authority (IFSCA)- GIFT City, Gujarat, shared insights on evolving cross-border finance frameworks supporting secure and efficient international transactions. Mr. Anand Chandramouli, Head of Partnerships, Glomo, highlighted innovations in cross-border payment solutions that enhance trade accessibility for exporters.

Actionable Insights for Responsible Global Trade Discussions with leading Indian exporters generated actionable insights to further strengthen rivexa’s platform capabilities and enhance international trade facilitation, with a strong emphasis on sustainability-led export growth and ESG-aligned compliance benchmarks to build resilient, future-ready supply chains.

Key conversations explored practical approaches to reducing environmental impact across export ecosystems. This included adoption of renewable energy in manufacturing, responsible and ethical sourcing, recycling and circular production models, water conservation, and the implementation of Zero Liquid Discharge (ZLD) systems.

As global markets continue to evolve, rivexa positions itself as a catalyst for advancing India’s export transformation by enabling businesses with an efficient, transparent, and digital pathway to global markets. Through rivOlution 2026, the platform aims to accelerate industry collaboration and innovation while shaping the future of responsible international trade.

About rivexa rivexa is the trusted gateway to global B2B sourcing from India, building a powerful cross-border trade ecosystem that enables Indian MSMEs to scale and compete globally. Launched in October 2023, rivexa delivers a seamless end-to-end procurement experience- supporting supplier discovery, quality assurance and production monitoring. With a growing presence in Europe, Oceania, UAE, UK, and the US, rivexa continues to strengthen India’s position as a reliable sourcing destination. With 1,500+ verified suppliers, 500+ global buyers, and 10,000+ trade enquiries, rivexa is accelerating India’s rise as a global sourcing powerhouse. It supports key sectors such as fashion & home textiles and industrial goods- positioning India as a sourcing hub and shaping the future of international commerce.

About mjunction mjunction services limited is India’s leading B2B e-commerce company, established in 2001 as a joint venture between Tata Steel and Steel Authority of India Limited (SAIL). The company provides technology-driven digital procurement, e-auction, and supply chain solutions. It enables transparent transactions, efficient sourcing, and operational optimization for businesses across industries such as steel, coal, power, and manufacturing. With a strong focus on innovation, compliance, and global market access, mjunction supports both domestic and international trade while helping organizations streamline procurement and enhance supply chain efficiency.

To View The Image, Click On The Link Below: Team rivexa at rivOlution 2026, Tiruppur Dignitaries from Tea Exporters Association at rivOlution 2026, Tiruppur (Disclaimer: The above press release comes to you under an arrangement with Business Wire India and PTI takes no editorial responsibility for the same.). PTI PWR PWR

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