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    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
    CGA launches Government Bank Dashboard and Government Bank Manual to Strengthen Compliance, Reduce Risk, and Enhance Accountability in handling govern...
    DGGI busts Rs 593 crore fake invoice fraud; mastermind arrested in Bengaluru
    India, EU trade agreement includes model mediation procedures
    CM Yogi reviews tax collection in FY2025-26 so far
    Congress not just removed clothes at AI Summit but exposed its intellectual bankruptcy: PM Modi
    Home Minister Shah orders crackdown on illegal migrants in India-Nepal border districts
    Governor emphasises inclusive and sustainable development through tax reforms
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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
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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
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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.
February 28, 2026
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Wrongful availment of input tax credit exposed; GST practitioner arrested and probe launched under CGST provisions.
A tax enforcement operation exposed an organised network issuing fake invoices and e way bills to wrongfully avail input tax credit through numerous GST registrations and shell entities. A registered GST practitioner was identified as the coordinator, arrested under provisions of the CGST Act, and remanded; investigators are tracing beneficiaries and quantifying the fraudulent input tax credit claims.
February 27, 2026
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Model mediation procedures enable mutually agreed mediation with a mediator and a time bound effort to reach a solution.
An annexure on model mediation procedures permits a Party to request mediation against a measure alleged to adversely affect trade, requires sufficiently detailed requests identifying the measure and effects, and makes mediation subject to mutual agreement. The annexure governs mediator selection, locations and modalities, provides that failure to agree on a mediator within the specified time results in rejection of the request, encourages a time bound endeavour to reach a mutually agreed solution after mediator appointment, and allows consideration of interim solutions.
February 27, 2026
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Tax revenue review urges accelerated compliance measures and AI-driven enforcement to strengthen state tax collection.
The Chief Minister reviewed tax and non-tax receipts, identified a shortfall versus annual tax targets, and directed departments to accelerate collection through transparency, efficiency and innovation. The meeting highlighted strengthened compliance measures-GST 2.0, AI-based risk analysis, extensive taxpayer scrutiny, e-invoicing and e-way bill monitoring-resulting in targeted investigations, control of fake input tax credit claims, and recovery actions; the Chief Minister also ordered enhanced excise vigilance during festivals.
February 27, 2026
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Political accountability: Opposition criticised for AI Summit protest, while government affirms focus on national development and institutional strengthening.
Prime Minister Narendra Modi criticised the opposition for a shirtless protest at an AI summit as evidence of its decline, emphasising that the government will continue its development agenda. He argued that an opposition's democratic role is to offer alternatives rather than reflexive opposition, cited millennials and Gen Z voter shifts as eroding the opposition's support, and linked recent trade deals to strengthened national institutions and reclaimed capability.
February 27, 2026
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Border management measures: intensified vigilance and financial scrutiny to prevent illegal migration and secure identity records.
Directives mandate intensified vigilance, inter-agency coordination and stricter financial scrutiny in India-Nepal border districts to counter illegal migration. Authorities will verify reported migrants and death cases, update or delete identity records upon confirmation, and conduct door-to-door verification while safeguarding genuine voters. A zero-tolerance stance on illegal construction and encroachments is paired with verification of business financing. District magistrates must ensure bank compliance with RBI reporting and PAN linkage, and sub-registrar offices face accountability for defective reporting of high-value property transactions.
February 27, 2026
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GST reform underscores tax policy's role in inclusive sustainable development and strengthening cooperative federalism and accountability.
Tax policy is described as the foundation for mobilising resources and promoting inclusive, sustainable development through an equitable tax framework. Goods and Services Tax is identified as a historic unifying reform that simplifies the indirect tax regime, strengthens cooperative federal relations, and aligns taxation with trust, accountability and welfare oriented objectives to promote production and shared prosperity.

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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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