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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
Show AI Summary
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
Show AI Summary
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
Show AI Summary
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
Show AI Summary
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.
February 27, 2026
Show AI Summary
Creditor-driven decision-making upheld: courts must limit review to statutory confines to preserve insolvency speed and finality.
The IBC privileges creditor-driven decision-making, speed and certainty by confining judicial review to narrow statutory compliance, thereby protecting commercial choices of the Committee of Creditors as matters of commercial wisdom. Expansive judicial scrutiny is value-destructive-lengthening timelines, raising transaction costs, encouraging strategic litigation and undermining predictability and finality-so respect for statutory limits preserves timely reorganisation of viable firms and swift exit of non-viable businesses.
February 27, 2026
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Rupee depreciation driven by foreign outflows and rising oil prices puts pressure on currency and equity markets.
Rupee declined against the US dollar due to large foreign fund outflows, higher global crude oil prices and weakening domestic equity markets; foreign institutional investors sold heavily and forex reserves fell in the reporting week, even as a GDP calculation revision raised the growth estimate, highlighting resilience amid external pressures.
February 27, 2026
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Fugitive economic offender arrested abroad; extradition sought under Fugitive Economic Offenders Act and PMLA measures.
A fugitive alleged to have run an extensive investment fraud was arrested in Dubai after an Interpol Red Notice; the Enforcement Directorate submitted an extradition request and dossier through the Ministry of External Affairs citing a prior declaration under the Fugitive Economic Offenders Act and ongoing PMLA investigations. ED actions include filing two chargesheets, arresting associates, attaching assets, and securing court-ordered confiscation, while coordinating with UAE authorities to effect provisional arrest and repatriation for prosecution.

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News and Press Release

Flash Report on Central Sector Infrastructure Projects worth ₹150 crore and above

March 25, 2026

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PAIMANA Portal Tracks 1,948 Infrastructure Projects worth ₹41.98 lakh crore as of February 2026

The Ministry of Statistics and Programme Implementation (MoSPI) continues to strengthen monitoring of Central Sector infrastructure projects through its PAIMANA platform, enabling improved tracking, timely reviews, and data-driven decision-making across Ministries. The portal tracks 1,948 Infrastructure Projects worth of ₹41.98 lakh crore as of February 2026.

Key Highlights

  • As of February 2026, 1,948 ongoing infrastructure projects, with a total revised cost of ₹41.98 lakh crore, are being monitored across 17 Central Ministries/Departments. The cumulative expenditure incurred on these projects stands at ₹19.71 lakh crore, accounting for approximately 46.95 per cent of the revised project cost, indicating steady progress in project implementation.
  • A significant proportion of projects are at advanced stages, with 740 projects (~38%) achieving over 80% physical progress, while 250 (~13%) have crossed 80% financial completion. The data also reflects a balanced pipeline, with projects distributed across early and advanced stages of implementation.
  • The Transport & Logistics sector (as per the DEA’s Harmonized Master List) accounts for the highest number of ongoing projects (1421 projects), with revised estimates of ₹22.96 lakh crore underscoring priority to connectivity-driven infrastructure growth.
  • 1,948 ongoing infrastructure projects include 793 Mega projects (project cost of ₹1,000 crore & above) with an original cost of ₹30.93 lakh crore, and 1,155 Major projects (project cost below ₹1,000 crore and up to ₹150 crore) amounting to ₹5.39 lakh crore.
  • Physical and financial progress broadly move in tandem, with a large number of projects clustered at the initial (0–20%) and advanced (81–100%) stages, indicating a pipeline of newly-started projects alongside many nearing completions. While physical progress exceeds financial progress in the 81–100% range, financial progress is relatively higher in the early stages, reflecting upfront expenditure patterns in project implementation.

2.   Ministry/ Departments-wise progress of Infrastructure Projects

  • Ministry of Road Transport & Highways accounts for the highest number of projects, with 1108 projects (56.88%), and a share of total project cost of ₹10.51 lakh crore (25.05%), highlighting its central role in national infrastructure development.
  • Ministry of Railways is implementing 245 projects (12.58%), and also commands the largest share of total project cost at ₹8.39 lakh crore (20%).
  • Ministry of Coal accounts for implementing 128 projects (6.57%), with a total project cost of ₹2.4 lakh crore (5.88%).
  • The Ministry of Petroleum & Natural Gas, Ministry of Power, Ministry of Housing & Urban Affairs, and the Department of Water Resources, River Development & GR are implementing 113, 101, 55, and 49 projects, with associated costs of ₹5.15 lakh crore, ₹5.25 lakh crore, ₹3.95 lakh crore, and ₹2.25 lakh crore, respectively.
  • The remaining 149 projects (7.64%), with a total cost of ₹3.98 lakh crore (10%), are distributed across various Ministries/Departments including Higher Education, Civil Aviation, Steel, Telecommunications, Labour & Employment, Ports, Shipping & Waterways, Health & Family Welfare, Mines, DPIIT, and Sports. (Refer Annexure I)

3.   Sector-wise (as per DEA’s Harmonized Master List of Infrastructure) Progress of Infrastructure Projects

  • Transport & Logistics remains the dominant sector, accounting for 55% of total revised project cost (₹22.96 lakh crore) across 1,421 projects (73 % of the total Projects), underscoring the central role of Roads & Highways, Railways, Aviation, Urban Public Transport, Shipping, and Inland Waterways in economic integration and logistics efficiency.
  • The Energy sector follows with 26% of aggregated revised cost (₹10.95 lakh crore) across 220 projects, reflecting sustained emphasis on Oil & Gas infrastructure, electricity generation, transmission and distribution networks, and energy storage systems.
  • Communication infrastructure, with a project cost of ₹2.74 lakh crore (7%) across 14 projects, represents targeted interventions aimed at strengthening digital connectivity.
  • Water & Sanitation projects account for ₹2.31 lakh crore (5%) across 71 projects, highlighting continued focus on essential urban services.
  • Social & Commercial infrastructure, comprising 74 projects with a revised project cost of ₹0.79 lakh crore (2%), reflects selective investments in education, healthcare, real estate, and tourism, hospitality and wellness.
  • Projects classified under ‘Others’, amounting to ₹2.22 lakh crore (5%) across 148 projects, indicate diversification across sectors such as coal, steel, metals, and mining.

(Refer Annexure II)

4.   Completed Projects and New Additions

  • During February 2026, 9 projects were commissioned, including major assets in Railway, and Petroleum & Natural Gas. Notable commissioned projects include the “Trivandrum - Kanyakumari” (₹ 3,785.45, crore), and the “PP Project, Pata” (₹ 1,299.02 crore).
  • During February 2026, 268 additional projects were brought under the monitoring of PAIMANA. Of these, 258 are from the Ministry of Road Transport & Highway, 6 are from Ministry of Petroleum & Natural Gas and 2 each from Department of Water Resources, River Development & GR and Ministry of Coal. These include:
    • Project - “Petro Resid Fluidized Catalytic Cracking [PRFCC] Unit and its associated facilities at Mumbai Refinery” (₹ 13,626 crore) of Ministry of Petroleum and Natural Gas.
    • Project – “Ken-Betwa Linking Development Project” (₹21,030 crore) of Department of Water Resources, River Development & GR.

5.   Next date of Press Release: Flash Report for the month of March 2026 would be released on 25th April 2026.

Note

  1. The press release summarizes highlights from the MoSPI’s Flash Report (February 2026) on Central Sector Infrastructure Projects (₹150 crore and above), available at https://www.ipm.mospi.gov.in/ or via the QR code.

 

  1. PAIMANA is a centralized web-based portal for monitoring of Central Sector Infrastructure Projects worth ₹150 crore and above. Operating on the "one data, one entry" principle, it integrates with DPIIT’s IPMP portal via APIs to automatically update more than 70% of project data from various Ministries/Departments. PAIMANA also serves as a national repository designed to standardize infrastructure monitoring and support informed decision-making for nation-building.

Annexure I

Ministry/ Departments-wise progress of Central Sector Infrastructure Projects

S. No

Ministry/ Department

Project Count

Revised Cost

Cumulative Expenditure           (₹ Thousand cr.)

(number)

(₹ Thousand cr.)

1

Ministry of Road Transport & Highways

1108

1051.57

323.51

2

Ministry of Railways

245

839.70

561.72

3

Ministry of Coal

128

247.07

78.07

4

Ministry of Petroleum & Natural Gas

113

515.65

290.68

5

Ministry of Power

101

525.31

194.61

6

Ministry of Housing & Urban Affairs

55

395.64

225.53

7

Department of Water Resources, River Development & GR

49

225.69

159.26

8

Department of Higher Education

29

14.45

7.93

9

Ministry of Civil Aviation

26

22.81

10.08

10

Ministry of Health & Family Welfare

23

21.47

8.03

11

Ministry of Steel

20

23.16

9.66

12

Department of Telecommunications

14

274.02

77.30

13

Ministry of Labour and Employment

13

3.47

1.85

14

Ministry of Ports, Shipping and Waterways

13

22.48

14.13

15

Ministry of Mines

7

10.98

7.20

16

Department for Promotion of Industry & Internal Trade

3

4.60

1.33

17

Department of Sports

1

0.61

0.57

 

Total

1,948

4,198.68

1,971.45

 

Annexure II

Sector-wise (as per DEA’s Harmonized Master List of Infrastructure) progress of Central Sector Infrastructure Projects

S. No

HML Category

Project Count

(number)

Revised Cost      (₹ Thousand cr.)

Cumulative Expenditure      (₹ Thousand cr.)

1

Transport & Logistics

1421

2,296.19

1,119.91

2

Energy

220

1,095.03

512.19

3

Water & Sanitation

71

231.14

163.21

4

Communication

14

274.02

77.29

5

Social & Commercial

74

79.51

32.9

6

Others

148

222.77

65.92

 

Total

1,948

4,198.68

1,971.45

***

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