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    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
    Govt discusses potential impact of West Asia crisis on trade; ensures all facilitation
    Rupee crashes 42 paise to settle at 91.50 against US dollar
    J&K to import 4 elite foreign breeds of sheep, goat
    Oil prices soar and stock prices fall as US-Israel war with Iran rattles markets
    India's manufacturing sector activity growth jumps to 4-month high in Feb: PMI
    Arkel invests RS.100 Cr in Phase 1, Opens Advanced Lift Control Manufacturing Facility
    Two-day Workshop by DFS on Reservation Policy of Government of India and Accessibility for PwDs concludes
    Central Board of Indirect Taxes and Customs (CBIC) introduces deferred Customs Duty payment facility for Eligible Manufacturer Importers as announced ...
    US futures, Asian shares open lower, oil prices soar as US and Israeli attack Iran
    Rupee falls 21 paise to 91.29 against US dollar in early trade
    Oil prices rise sharply after attacks in Middle East disrupt global energy supply
    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
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    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
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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.
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.

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HIGHLIGHTS

February 25, 2026

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New Delhi, Feb 25 (PTI) Following are the top stories at 5.15 PM NATION DEL8 PM-ISRAEL (09.14 PM)

Looking forward to meet PM Netanyahu, consolidate enduring bonds: PM Modi ahead of Israel visit New Delhi: Prime Minister Narendra Modi on Wednesday said India and Israel share a robust and multifaceted strategic partnership that has witnessed remarkable growth and dynamism, and he is looking forward to his discussions with Prime Minister Benjamin Netanyahu.

DEL13 CONG-PM-LD ISRAEL (11.41 PM)

Modi displaying 'moral cowardice' when world is critical of Netanyahu: Congress New Delhi: The Congress on Wednesday launched a scathing attack on Prime Minister Narendra Modi over his Israel visit, saying the PM will be displaying "moral cowardice" when the entire world is critical of his "dear friend" and Israeli premier Benjamin Netanyahu.

DEL34 GOYAL-CONG (03.51 PM)

Rahul, Congress acting like 'puppets' in the hands of anti-India forces: Goyal New Delhi: Union minister Piyush Goyal on Wednesday launched a blistering attack on Rahul Gandhi, alleging that the Congress leader and his party are playing "petty politics" to destablise the country's progress and acting like "puppets" in the hands of anti-India forces.

DEL38 CONG-INDOUS TRADE (04.30 PM)

Indo-US trade deal one-sided, should be put on hold: Congress New Delhi: The Congress on Wednesday said the Indo-US interim trade deal is distinctly one-sided and the only way forward is for India to be bold in putting it on hold, as it will be disastrous for lakhs of farmers across the country.

DEL21 BJP-CONG-NEHRU (01.04 PM)

Nehru 'redrew' Bharat's borders forever: BJP New Delhi: Hitting back at the Congress, the BJP on Wednesday accused India's first prime minister Jawaharlal Nehru of making repeated “territorial compromises” throughout his tenure and "redrawing" Bharat’s borders forever.

DEL39 EDU-NCERT-TEXTBOOKS (04.30 PM) NCERT may remove controversial portion on judiciary from class 8 textbook, say sources New Delhi: The controversial portions about judicial corruption in NCERT's class 8 textbook could be removed as the government has not taken kindly to the matter, sources said on Wednesday, while the council pulled the book from its website.

MDS9 TL-SC JUDGE-SEMINAR-CONSTITUTION (02.56 PM) Societal fault lines still run deep in country: SC judge Bhuyan Hyderabad: Citing an example of his daughter’s Muslim friend being denied accommodation because of her religious identity, Justice Ujjal Bhuyan of the Supreme Court said such instances show how far the country remains from the benchmark of constitutional morality.

LEGAL LGD22 LD-SC-NCERT-JUDICIARY (03.24 PM)

CJI objects to NCERT book chapter on corruption in judiciary New Delhi: Chief Justice of India Surya Kant on Wednesday strongly objected to a chapter on judicial corruption in the NCERT's Class 8 curriculum, saying that nobody on earth will be allowed to defame the judiciary and taint its integrity.

LGD20 SC-COMMUNITY-PUBLIC FIGURES (03.19 PM)

Public figures holding high constitutional offices cannot target any particular community: SC New Delhi: Observing that fraternity serves as a critical element for national unity and social cohesion, the Supreme Court has said public figures holding high constitutional offices cannot target any particular community on the basis of religion, language, caste or region.

LGD15 SC-ED-HEMANT SOREN (12.42 PM)

SC stays trial in ED case against Jharkhand Chief Minister Hemant Soren New Delhi: The Supreme Court on Wednesday stayed the trial in money laundering case registered against Jharkhand Chief Minister Hemant Soren.

BUSINESS DEL27 BIZ-SMARTPHONE-EXPORT (03.18 PM)

Smartphone now India's top export category with total overseas shipment worth USD 30 bn: Vaishnaw New Delhi: Smartphone has become India's top export category with overseas shipments worth USD 30 billion in 2025, Union Electronics and IT Minister Ashwini Vaishnaw said on Wednesday.

DEL33 BIZ-US-INDIA-LD SOLAR DUTY

US announces preliminary 126 pc countervailing duty on imports of certain Indian solar goods New Delhi: The US has announced a preliminary countervailing duty of 125.87 per cent on imports of certain Indian solar goods, alleging that these products are unfairly subsidised by New Delhi.

FOREIGN FGN36 PM-LD ISRAEL (04.50 PM)

PM Modi receives red carpet welcome as he begins 2-day visit to Israel Jerusalem: Prime Minister Narendra Modi landed in Israel on Wednesday to a red-carpet welcome with his Israeli counterpart Benjamin Netanyahu and wife Sara receiving the Indian leader at the Ben Gurion airport.

FGN25 ISRAEL-MEDIA-MODI (02.09 PM)

Israeli media hails Modi visit as 'strategic reset’, 'landmark moment' Jerusalem: As Prime Minister Narendra Modi on Wednesday left for Israel from India for a visit expected to upgrade the bilateral ties to a new level, the Israeli media is describing the trip as a "strategic reset", a "landmark moment" and a "defining" phase.By Harinder Mishra

FGN13 US-TRUMP-INDOPAK (10.20 PM)

Trump says Pak PM told him millions would have died without his intervention New York/Washington, Feb 25 (PTI) US President Donald Trump has said that Pakistan Prime Minister Shehbaz Sharif told him that 35 million people would have died if it were not for his intervention in stopping the war between India and Pakistan. By Yoshita Singh

FGN28 UK-INDIANS-VISAS (03.22 PM)

UK enforces digital travel system, mandatory eVisas for Indians London: New rules in force from Wednesday will see the UK transition to a digital transit system, including mandatory eVisas for Indian travellers and Electronic Travel Authorisation (ETA) for non-visa requiring visitors. By Aditi Khanna

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