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    I-T dept detects hidden sales worth Rs 408 crore by restaurants in countrywide operation
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    No immediate hike in petrol, diesel prices; adequate stock to meet any contingency: Sources
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March 9, 2026
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Under-reporting of sales detected - data-driven inquiry prompts compliance notices for restaurants to update tax filings.
A data-driven exercise found under-reporting of sales in the restaurant sector through AI analytics comparing transactional data with reported turnover, revealing deletion and modification of bills and omission of transactions. The tax authority has opened investigations and, under the NUDGE campaign, is directing identified outlets to update their income tax returns by a compliance deadline while probes into billing-software manipulation and sampled premises continue.
March 9, 2026
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Force majeure declarations disrupt oil and gas contractual supply chains, creating carriage, insurance and performance risks for parties.
Strikes and security-driven closures have caused shutdowns at major oil and gas terminals, pipelines and refineries, leading suppliers to invoke force majeure and creating contractual, insurance and logistical challenges. The effective closure of a maritime chokepoint and targeted attacks on alternative export terminals have increased carriage and routing risks, while storage constraints have forced producers to suspend output; once shut in, restart may take weeks or months, affecting mitigation, notice and performance obligations. State regulatory orders may create legal bases for interruption separate from force majeure.
March 9, 2026
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Force majeure invoked for oil shipments, suspending contractual delivery obligations amid Gulf supply disruptions and transit risks.
Military attacks and leadership developments in Iran have impaired Gulf oil and gas production and shipping, prompting a national oil company to invoke force majeure to suspend contractual shipment obligations due to extraordinary damage and security risks; resulting export curtailments, tanker transit disruptions through the Strait of Hormuz, and filled storage have reduced available supply, while governments consider reserve releases and impose regulatory measures against hoarding to stabilize markets and protect energy security.
March 9, 2026
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Fuel price freeze maintained as government directs companies to absorb costs and boosts LPG allocation to prevent shortages.
Government sources say retail petrol and diesel prices will not be raised immediately; oil marketing companies are expected to absorb current cost pressures. The state reports adequate crude and fuel stocks for six to eight weeks, has increased the minimum domestic LPG refill booking gap from 21 to 25 days to prevent hoarding, and has directed refineries to maximise LPG production while monitoring global energy developments and recalibrating allocations to maintain supply chain stability.
March 9, 2026
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Cognisance under PMLA: challenge to requirement of FIR for scheduled offences may determine prosecutorial scope.
The ED challenges a trial court ruling that refused cognisance of its PMLA prosecution because the alleged scheduled offence arose from a private complaint rather than an FIR, arguing that denying prosecution on that basis improperly shields alleged money launderers; the Delhi High Court has listed the ED's appeal for hearing and notices were issued to the accused and related entities concerning alleged usurpation of Associated Journals Limited's assets by Young Indian.
March 9, 2026
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Consumer financing: pre approved EMI and Easy EMI Loan options enable instant in store purchases of eco friendly refrigerators.
Bajaj Finserv's Summer Sale provides pre approved consumer financing and Easy EMI Loan options enabling instant, in store purchase of eco friendly refrigerators with flexible tenors, conditional zero down payment, and partner store availability; promotional prices, EMIs and offers vary by model, store and location. Bajaj Finance Limited is disclosed as an RBI registered deposit taking NBFC classified as an NBFC Investment and Credit Company, with cited credit and deposit ratings and a disclaimer limiting the news agency's editorial responsibility.
March 9, 2026
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Force majeure declarations amid Middle East conflict trigger supply disruptions and spur talks of releasing strategic oil reserves.
Attacks on production and shipping linked to the Iran conflict have reduced exports and prompted a national oil company to declare force majeure, relieving contractual obligations during extraordinary disruption. Some producers have cut output as storage fills, while major consuming states are considering coordinated releases of strategic petroleum reserves and domestic measures to prevent hoarding and price collusion to stabilize markets.
March 9, 2026
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Limiting customer liability in digital transactions expanded to cover more fraud and introduce a temporary compensation mechanism.
RBI has published draft Amendment Directions to broaden the scope of limits on customer liability in digital transactions to include additional fraudulent electronic banking transactions, mandate faster bank processing of fraud complaints, and establish a temporary compensation mechanism for small-value frauds subject to a one-year review aimed at shifting more compensation responsibility to banks.
March 9, 2026
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Provincial development priorities: prioritize industry technology integration and service sector modernization under the new five year plan.
Guangdong sets strategic provincial development priorities for the 15th Five-Year Plan, prioritizing industry technology integration and the cultivation of large-scale industrial clusters in fields such as 6G, embodied artificial intelligence, and quantum technology. Simultaneously, the province will accelerate high-quality service sector development through six strategic dimensions-integration, high-end advancement, digital intelligence, green development, internationalization, and diversification-by expanding investment, building world-class industrial parks, and creating diverse platforms while inviting external participants and talent to engage in provincial opportunities.
March 9, 2026
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Wealth management platform expansion strengthens bank's direct advisory franchise while maintaining strategic collaboration with existing partner.
Federal Bank launched Fed Wealth and a Wealth Hub to develop an in house wealth franchise offering fixed income, equities, mutual funds, alternatives and GIFT City solutions, and will establish specialised Wealth Hubs for private advisory and virtual consultations. The Bank restructured its arrangement with Equirus Capital to align product and service architecture for affluent and UHNI clients while ensuring uninterrupted service for existing Equirus customers, retaining a minority stake in Equirus and continuing targeted collaboration to offer select Equirus products to UHNI clients.
March 9, 2026
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Oil supply disruption drives crude price surge and market volatility amid Middle East conflict, threatening shipping and energy inflation.
Crude oil prices surged as the Iran war damaged energy infrastructure and disrupted shipping through the Strait of Hormuz, constraining exports and prompting production cuts by regional producers. Attacks on depots and transfer terminals, reduced tanker traffic, and filling storage tanks tightened physical supply, fueling market volatility, higher fuel and natural gas prices, and inflationary pressures. Discussions of strategic petroleum reserve releases and official assurances were cited as potential mitigating measures against persistent disruptions.
March 9, 2026
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Oil supply disruption drives crude prices up, threatening global inflation and straining markets and fuel costs.
Crude oil prices surged after the Iran war disrupted production and maritime transit through the Strait of Hormuz, impeding tanker movement and prompting output cuts by producers as storage tanks filled. Attacks on oil and gas facilities and depots further reduced exports, transmitting supply shocks into elevated crude and natural gas prices, higher retail fuel costs, intensified market volatility, and upward pressure on inflation, with major buyers potentially seeking alternative suppliers.
March 9, 2026
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Export Obligation extension grants automatic relief for advance and EPCG authorisations, no application or fee required.
Automatic extension of the Export Obligation (EO) period is provided for specified Advance Authorisations and EPCG Authorisations, without requiring separate applications or payment of composition fees, operating alongside existing Foreign Trade Policy and Handbook of Procedures provisions; DGFT regional authorities will verify EO compliance at the time of issuance of Export Obligation Discharge Certificates, closure, or regularisation, and Customs have been informed to permit exports consistent with the revised EO timeline.
March 9, 2026
Show AI Summary
Technological self-sufficiency drives China's industrial policy, prompting state-led subsidies and supply-chain strategies to counter foreign tech restrictions.
China's 2026 and five-year plans combine near-term focus on expanding domestic demand with a strategic push for technological self-sufficiency. The state will deploy industrial policy and sizeable subsidies to accelerate breakthroughs in AI, semiconductors, batteries, biotech, 6G, electric vehicles and commercial aviation, seeking supply-chain resilience in response to foreign technology restrictions, while acknowledging risks of manufacturing oversupply and international trade tensions.
March 9, 2026
Show AI Summary
Energy supply disruption raises oil prices and fuels market volatility with implications for fuel costs and economic risk.
Oil prices rose above one hundred dollars per barrel after conflict involving Iran disrupted production and shipping through the Persian Gulf, reducing tanker transits via the Strait of Hormuz, prompting production cuts and storage fill-ups among regional producers, and following attacks on oil and gas facilities that tightened global crude availability and heightened market volatility.
March 8, 2026
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Sanctions waiver allows delivery of Russian-origin crude already loaded, enabling refiners to secure alternate supplies amid shipping disruptions.
A temporary sanctions waiver permitting sale and delivery of Russian-origin crude loaded prior to the cutoff enables Indian refiners to accept in transit Russian cargoes without breaching sanctions; refiners are also sourcing additional supplies from non-conflict regions, maintaining processing rates and using onshore and strategic reserves to preserve inventory coverage while facing higher freight, insurance and commodity price risks.
March 7, 2026
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Trade preference: India secured preferential market access under a bilateral framework with the US, affecting tariffs and procurement.
A bilateral trade framework with the US sets reciprocal tariff adjustments and market-access commitments, with India agreeing to reduce or eliminate tariffs on a broad set of US industrial and agricultural products and declaring procurement commitments for US goods; final legalisation is pending after changes in US tariff policy and postponement of negotiators' talks.
March 7, 2026
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Illicit export of controlled drug by mislabelling and forged customs papers exposed, forensic testing confirmed substance.
Three individuals were arrested for exporting etomidate by mislabelling consignments as aloe vera powder and a personal care ingredient, using forged customs documents and air cargo from Mumbai; Raman spectrography confirmed etomidate, the suspects admitted contacts with overseas drug-cartel members, and shipments were bound for jurisdictions where etomidate is treated as a controlled or prohibited substance.
March 7, 2026
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Government emergency power to direct refineries ensures LPG supply while domestic cooking gas prices rise.
Domestic cooking gas prices were raised significantly and commercial LPG rates were increased separately; state differentials reflect local tax incidence. The rise was linked to global energy price spikes and supply disruptions through the Strait of Hormuz. The government invoked emergency powers to direct refineries to boost LPG production and indicated petrol and diesel prices will not be raised immediately because state oil companies can absorb short term cost pressures.
March 7, 2026
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Port facilitation measures urged to permit charge waivers and operational steps to manage disruption from West Asia crisis.
The Ministry's Standard Operating Procedure requires each port to appoint a nodal officer as single point of contact to secure timely action and mandates that ports consider, case by case and depending on circumstances, requests for reduction, waiver or remission of charges including storage rent and change of vessel charge; permit storage of Middle East bound cargo as transshipment cargo; allot additional storage; facilitate ad hoc berthing and expedited return movement of export cargo; prioritise perishable cargo handling; and coordinate with Customs and DGFT for implementation.

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Customs & Trade

Best Crypto To Buy Now: DeepSnitch AI Teases Working AI Dashboard, Strengthening the Community’s 100x Bets, BNB and XRP Log Small Recoveries

February 21, 2026

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New Delhi [India], February 21: Despite being impeded by the Supreme Court, Trump announced 10% global tariffs, calling the ruling “ridiculous”. Tariffs, so far, have heavily affected the markets, meaning that a new wave of sell-offs could happen if the macroeconomic tailwinds turn bearish. Thus, DeepSnitch AI could be the best crypto to buy now as its presale status shields it from volatility. So far, DeepSnitch AI raised $1.67M and has also released significant updates (including the sneak peek of its dashboard) on its prediction and analytics suite powered by five AI agents.

Are new tariffs coming? On February 20, US President Donald Trump announced a 10% global tariff right after the Supreme Court struck down his authority to impose tariffs under the International Emergency Economic Powers Act (IEEPA).

Trump called the ruling “ridiculous” and vowed to use alternative legal tools, including the Trade Expansion Act of 1962 and the Trade Act of 1974. The President stated that tariffs under Section 232 and Section 301 remain fully in place and in full force and effect.

Trump’s previous tariffs on Canada, Mexico (25%), and China (10%) were framed as national security measures and are believed to have contributed to sell-offs in equities and crypto markets.

Since this news may usher in a new wave of sell-offs, the best crypto to buy now, according to many traders, could be something in the presale sector.

Best coins to buy right now 1. DeepSnitch AI interface preview released $DSNT highlighted as one of the leading high-growth crypto picks Friday recovery is in full swing. However, these periods have always been short-lived in Q1, which is why many traders anticipate the chop to return during the weekend. Thus, early-stage bullish setups, such as DeepSnitch AI, remain popular.

DeepSnitch AI, particularly, is making rounds not only for securing $1.67M and 100x-300x community predictions, but also for its utility and rapid development progress. The project revealed a preview of its dashboard, which shows off the platform’s simplicity. Built around five unified AI agents, the dashboard will allow you to access various analytics services in a few clicks. This means you can track sentiment shifts and FUD storms, find hidden gems and early alpha opportunities, and even scan tokens for rugs within a unified interface.

Zero friction is the main idea here, as the platform also includes an LLM-style DYOR tool that allows you to paste a token contract address for an instant risk assessment.

The token is currently priced at $0.04064, and the latest bonus codes provide a new layer to an already affordable package. The full range of services, robust fundamentals, and 100x-300x potential make DeepSnitch AI the best crypto to buy now.

https://youtu.be/jVCQ30HIJj8 2. BNB: Can BNB recovery stick? According to CoinMarketCap, BNB traded around $627 on February 20. Many traders aren’t convinced that the recovery will stick, but if it reaches the $669 resistance level, a rally toward $730 could happen, with the next target set at $797.

While this move would technically make BNB a solid contender for the best crypto to buy now, a bearish scenario remains in play. In that case, the recovery will stall, and BNB could fall below $600 and as low as $500.

3. XRP: What’s next for XRP? XRP remained around $1.42 on February 20, according to CoinMarketCap. While the coin logged a small recovery, XRP is still short of reaching the $1.50 (20-day EMA), suggesting that there isn’t much demand at the moment, especially at higher levels.

To start a full recovery, buyers must close above the downtrend line, but the bearish scenario is more likely. XRP could drop to the support line. Closing will confirm the bearish sentiment, opening the possibility of a drop to $1.11.

Nearing $1 may seem harrowing in the short term, but it also presents a nice discount. XRP may not be the best crypto to buy now, but the drop may be a solid entry point.

Final words: Enrich your portfolio Friday pumps are temporary, but utility is more of a long-term play. DeepSnitch AI is not only an opportunity that can help you avoid the short-term swings (due to its presale status), it’s also the crypto that could continue growing throughout the bear market and beyond.

With over $1.67M in the bank and 100x-300x projections circling the community, the trajectory is secured. However, the recent development updates and the release of the dashboard preview will only strengthen the resolve of tech-focused traders and confirm DeepSnitch AI’s standing as the best crypto to buy now.

You can also get extra value by applying a series of bonus codes at checkout. The most interesting ones are the DSNTVIP50 code (50% bonus $5K+ allocations) or DSNTVIP300 (300% on $30K+ investments).

Enrich your portfolio and participate in the DeepSnitch AI presale. Check out X or Telegram for the latest updates.

FAQs 1. How are Trump's tariffs affecting the crypto market in recent news? The US Supreme Court struck down Trump's sweeping tariffs, which eased trade uncertainty and started a small rally.

2. What stands out about DeepSnitch AI as the best crypto to buy now? Along with $1.67M raised at $0.04064 entry, a strong community 100x hype, the recent dashboard preview significantly boosted the conviction about the project’s mass appeal and 100x potential.

3. How does the DeepSnitch AI dashboard preview enhance its appeal in this volatile market? The clean dashboard preview shows seamless access to AI analytics from one interface that doesn’t necessitate any complex action. Traders can choose an analytics service and get AI- driven data in a few seconds.

Disclaimer: Trading cryptocurrencies/digital assets carries a high level of risk, and may not be suitable for all investors. You should be aware of all the risks associated with cryptocurrency/digital asset trading, and seek advice from an independent financial advisor. Any opinions, news, research, analyses, prices, or other information contained on this website is provided as general market commentary, and does not constitute investment advice. The website or its publishers will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.The above content is published as received and has not been edited by the channel staff. The channel holds no responsibility for its content.

(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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