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    The Supreme Court struck down some of Trump's most sweeping tariffs; Which levies are impacted?
    'Walking away' from recent deals does not seem to be in cards for America's partners: Ex-trade official
    Exporters hail US Supreme Court's decision on Trump tariff
    Trump has other tariff options after Supreme Court strikes down his worldwide import taxes
    SC ruling on Trump's tariffs: Judge refers to tariffs imposed on India for buying Russian oil in dissenting note
    EU, US trade deals to boost Indian economy; growth resilient: RBI bulletin
    Supreme Court strikes down Trump's sweeping tariffs, upending central plank of economic agenda
    India’s macroeconomic fundamentals healthy, robust amid volatile financial markets: RBI guv
    Former Jaypee Infratech MD Manoj Gaur surrenders in Delhi's Tihar Jail
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    India's forex kitty jumps USD 8.66 bn to record USD 725.72 bn
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    Union Minister of Commerce and Industry Shri Piyush Goyal Launches Export Promotion Mission to Boost MSME Exports and Strengthen Global Competitivenes...
    Production Linked Incentive Scheme with ₹1.91 Lakh Crore Outlay Drives Strong Industry Participation Across 14 Strategic Sectors
    India-US interim trade pact likely to be operationalised in April, says commerce minister
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    GCCs to drive up to 50% of India office demand; US to dominate while UK & EU to gain share- says Colliers India
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February 20, 2026
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IEEPA authority curtailed: major emergency based tariffs invalidated, leaving sectoral trade measures and exemptions intact.
The President exceeded statutory authority by invoking IEEPA to impose broad import tariffs, nullifying core emergency based levies. Affected measures include the wide ranging "Liberation Day" tariffs, trafficking justified duties on Canada, Mexico and China, Brazil linked duties, and India related levies tied to Russian oil purchases. The decision removes the IEEPA route for economy wide tariffs but leaves intact sectoral and statute specific tools that continue to impose tariffs on selected industries and products.
February 20, 2026
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IEEPA authority struck down; partners unlikely to abandon recent tariff deals, administration to rely on other statutes.
The Supreme Court invalidated reliance on the International Emergency Economic Powers Act (IEEPA) to impose broad tariffs, finding IEEPA does not authorize such duties. Observers anticipate the Administration will instead invoke clear congressional tariff statutes and that trading partners who made recent deals are unlikely to withdraw them, having expected alternative statutory mechanisms to keep tariffs in place.
February 20, 2026
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Emergency-powers tariff invalidation restores trade predictability for exporters, but sectoral steel and aluminium duties remain in force.
The US Supreme Court invalidated country-specific reciprocal tariffs imposed under emergency powers, restoring predictability for exporters and enabling importers to seek refunds for duties paid under the invalidated regime, while separate sector-specific duties on steel, aluminium and certain auto components remain in force.
February 20, 2026
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Tariff authority options: multiple statutory pathways remain for imposing import duties despite limits on emergency powers.
After the court rejected the administration's emergency-based authority for sweeping reciprocal tariffs, the president can still impose import duties using alternative statutes: the Trade Act unfair-practices authority permitting unlimited tariffs after investigation and hearings; the Trade Act provision for addressing unbalanced trade that allows time-limited tariffs without prior investigation but is untested; the national-security tariff authority under the Trade Expansion Act which requires Commerce investigations; and a rarely used Tariff Act depression-era authorisation that allows very high, indefinite tariffs without investigation.
February 20, 2026
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IEEPA authority questioned as tariffs ruled unauthorized; dissent stresses tariffs' foreign affairs leverage, including India example.
The decision holds that the International Emergency Economic Powers Act does not authorize the imposition of import duties, rejecting the use of IEEPA as a statutory basis for tariffs; a dissent argued such tariffs fall within foreign affairs practice, serve as leverage in international negotiations, and cautioned against applying a major questions constraint to executive statutory authority in national security and diplomatic contexts.
February 20, 2026
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Trade deals improve market access and spur investor confidence, supporting growth and fiscal consolidation momentum.
Trade agreements with the EU and an interim US deal are expected to improve market access, boost export competitiveness, and reverse investor sentiment with renewed foreign portfolio investment into equity and debt. Fiscal consolidation alongside stepped up capital expenditure aims to crowd in private investment and support state infrastructure. Concurrently, the Reserve Bank recorded consecutive spot market dollar sales amid rupee volatility and capital flow intermittency, while inflation is expected to remain near target, sustaining a favourable near term growth-inflation balance.
February 20, 2026
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Emergency powers limits curb broad presidential tariffs, invalidating sweeping reciprocal trade measures and reshaping trade policy authority.
The Supreme Court found that tariffs enacted under asserted emergency statutory powers-including widely applied reciprocal tariffs-exceeded the President's lawful authority, clarifying statutory limits on unilateral tariff measures and signaling judicial constraints on executive use of emergency powers for sweeping trade regulation.
February 20, 2026
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Repo rate decision maintains neutral monetary stance as growth outlook brightens while inflation risks remain monitored.
The Monetary Policy Committee held the repo rate steady and retained a neutral stance, finding the current policy rate appropriate amid buoyant growth and broadly benign inflation. Members cited healthy medium term macroeconomic fundamentals and improving external outlook driven by trade agreements and fiscal measures, while noting persistent global volatility and risks to inflation. The MPC emphasized ongoing transmission of prior easing, awaited new GDP and inflation data series, and reaffirmed readiness to reassess policy as fresh data emerge.
February 20, 2026
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Money laundering allegations prompt former MD to surrender to custody after interim bail term expires in fraud-linked probe.
Allegations of money laundering and diversion of homebuyer funds form the basis of an ED investigation and FIRs alleging that two group companies misapplied project receipts, leaving residential projects incomplete and purchasers defrauded. The promoter was arrested, obtained interim bail, and later surrendered after a court denied regular bail, the court noting allegations of widespread cheating and criminal breach of trust. A related listed company filed a regulatory update confirming the director's surrender upon expiration of interim bail.
February 20, 2026
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Policy rate maintained as appropriate: neutral monetary stance justified by buoyant growth and benign inflation.
The Monetary Policy Committee voted to maintain the existing policy repo rate and retain a neutral stance, finding the current policy rate appropriate given buoyant growth and benign inflation. The Governor noted healthy medium term macroeconomic fundamentals, while the Deputy Governor cited upward revisions to near term growth projections and incomplete transmission of earlier rate cuts as reasons to defer further easing until new GDP and inflation series data are available.
February 20, 2026
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Free trade agreements improving market access and export competitiveness, prompting investor confidence and supporting growth policy.
Free trade agreements with the EU and an interim pact with the US are expected to improve market access, enhance export competitiveness, and deepen Indian firms' integration into global value chains; this expectation has altered investor sentiment, prompting a return of foreign portfolio investment, while the Union Budget stresses fiscal consolidation alongside stepped up capital expenditure, and headline inflation remains benign under the revised CPI series.
February 20, 2026
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Market rebound driven by banking and metal stock buying as trade deal signals and supply chain shifts lift sentiment.
Equity markets rebounded with strong buying in large-cap banking and metal stocks restoring benchmark indices to positive territory after a sharp correction. Broad sector participation favored Power, PSU Banks, Utilities, Capital Goods and Metals, while IT lagged. Sentiment was supported by trade-agreement signals and India's participation in Pax Silica, enhancing supply chain security for AI and semiconductors, even as elevated volatility and recent institutional net selling influenced near-term flow-driven moves.
February 20, 2026
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Foreign exchange reserves rise to record level after gains in foreign currency assets and gold, RBI data shows
India's foreign exchange reserves rose to USD 725.727 billion in the week ended February 13, driven by increases in foreign currency assets (up USD 3.55 billion to USD 573.603 billion) and gold reserves (up USD 4.99 billion to USD 128.466 billion); SDRs increased by USD 103 million to USD 18.924 billion and the IMF reserve position rose by USD 19 million to USD 4.734 billion, with dollar reporting reflecting valuation effects of non US currency movements.
February 20, 2026
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Supply chain security for critical minerals and AI strengthened as partners commit to trusted, diversified industrial cooperation.
India joined Pax Silica to build a resilient, trusted supply chain for critical minerals and AI, addressing over concentration and risks of economic coercion. The declaration commits partners to coordinated cooperation across the value chain-from raw materials and mineral processing through semiconductors and AI infrastructure-emphasising diversification, trusted industrial bases, workforce development, and a pro innovation approach that treats economic security as national security.
February 20, 2026
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Export Promotion Mission expands MSME trade support with export factoring, e commerce credit and compliance facilitation.
The Export Promotion Mission deploys coordinated financial and ecosystem measures-under Niryat Protsahan and Niryat Disha-to strengthen MSME export competitiveness by reducing cost of capital, diversifying trade finance through export factoring and structured e commerce credit with interest subvention and partial guarantees, and by enhancing compliance capabilities, overseas warehousing, logistics reimbursements and trade intelligence to facilitate market entry and integration.
February 20, 2026
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Production Linked Incentive scheme links incentives to incremental domestic production, deepening localisation and strengthening manufacturing competitiveness.
The Production Linked Incentive (PLI) Scheme links financial incentives to incremental domestic production over a defined base year, incentivising scale, technology adoption and domestic value addition across 14 strategic sectors. Operative approvals and performance metrics channel payments to approved applicants to deepen localisation, expand manufacturing capacity and integrate with global value chains; reported outcomes as of 31 December 2025 include 836 approved applications, cumulative rises in investment, production, exports, employment and disbursed incentives.
February 20, 2026
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Interim India-US trade agreement likely operationalised in April after legal-text finalisation meeting, with related FTAs scheduled for implementation.
An interim trade agreement between India and the United States is expected to be signed in March and made operational in April after officials finalise the legal text; FTAs with the United Kingdom and Oman are likely to be implemented in April and a pact with New Zealand in September.
February 20, 2026
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Interim trade agreement legal text to be finalised, codifying reciprocal tariff concessions and paving way for signature.
A three-day bilateral meeting will finalise the legal text converting the previously agreed framework into an interim trade agreement to be signed by the two governments; the agreement will codify reciprocal duty concessions and specific tariff adjustments, with the Indian negotiating team led by the chief negotiator.
February 20, 2026
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Investor verification: public SEBI Check awareness activation promotes verification-first behaviour to reduce fraud and strengthen investor protection.
SEBI Check is a verification mechanism to confirm whether market entities are registered with the regulator, aimed at reducing impersonation and unregistered advisory fraud by promoting verification before investing. NSDL has advanced this objective through behavioural investor education-digital content, transit-led campaigns, and on-ground activations-culminating in a flash mob at Priya High Street that reinforced the green triangle thumbs-up symbol as a trust marker and used public-space storytelling to drive symbol recall and verification-first behaviour.
February 20, 2026
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Trade agreements to reduce market barriers, spurring GCC expansion and materially boosting Grade A office demand in India.
Bilateral trade agreements with major partners are expected to reduce market barriers and tariffs, incentivizing multinational firms to expand India-based GCCs into higher value functions and thereby materially increase Grade A office demand across the top seven Indian markets; Colliers projects GCCs could account for a substantial share of future leasing while noting that benefits depend on finalisation and implementation of agreement details.

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Merck India hosts 6th Merck-Tagore Award: Honours Professor Dr. Lars-Christian Koch for Promoting Intercultural Exchange between India and Germany

February 10, 2026

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MUMBAI, India, Feb. 10, 2026 /PRNewswire/ -- Merck, a leading science and technology company, in collaboration with Goethe-Institut / Max Mueller Bhavan India, the official cultural institute of the Federal Republic of Germany, presented Professor Dr. Lars-Christian Koch with the prestigious sixth Merck-Tagore Award during a celebratory event held at the Royal Opera House in Mumbai. Prof. Dr. Simon Thelen, Vice Chairman of the Family Board and of the Board of Partners of E. Merck KG, handed over the award to Professor Dr. Lars-Christian Koch, an ethnomusicologist, for his outstanding contribution to intercultural exchange between India and Germany, with a particular focus on the life, music, and legacy of Rabindranath Tagore. The jury of the sixth edition of the Merck-Tagore Award consisted of Christoph Hallier, Consul General of the Federal Republic of Germany in Mumbai; Bjorn Ketels, Director, Goethe-Institut /Max Mueller Bhavan Mumbai; Pratima Reddy, Country Speaker, Merck India and Managing Director, Merck Healthcare in India, and Dr. Martin Kämpchen, the first recipient of the Merck-Tagore Award. Addressing the crowd, Bjorn Ketels, Director, Goethe-Institut /Max Mueller Bhavan Mumbai, said, "The Merck-Tagore Award represents a long-standing partnership between Merck and the Goethe-Institut, grounded in a shared commitment to fostering meaningful intercultural dialogue. Professor Dr. Lars-Christian Koch's body of work exemplifies scholarly depth, attentive listening, and a deep respect for cultural memory. Through his sustained engagement with sound, music, and research, he has created bridges across geographies and disciplines, making his contribution to Indo-German cultural exchange both enduring and deeply relevant." During his acceptance remarks, Professor Dr. Lars-Christian Koch reflected on Rabindranath Tagore's enduring influence, noting that the importance of Tagore "remains anchored in life," and emphasizing that while his own academic and curatorial work has become increasingly global, Tagore's ideas continue to shape his intellectual and cultural engagement. Pratima Reddy, Country Speaker, Merck India, added, "At Merck, we believe that meaningful progress is driven by open exchange across cultures and disciplines. The Merck-Tagore Award reflects this belief by recognising outstanding contributions in the humanities that strengthen intercultural understanding. It is our privilege to honour Professor Dr. Lars-Christian Koch for his deep and sustained engagement with India, and for his significant scholarly work on Rabindranath Tagore's musical and cultural legacy, which continues to foster dialogue between India and Germany." About Professor Dr. Lars-Christian Koch, Winner of the Merck-Tagore Award 2025 Professor Dr. Lars-Christian Koch is an internationally renowned ethnomusicologist whose work has significantly strengthened cultural and academic exchange between India and Germany. His engagement with India, and particularly with Rabindranath Tagore, spans several decades. He was associated with the Tagore Institute in Bonn, founded by musicologist Dr. Trina Purohit-Roy, and later pursued studies in Santiniketan, West Bengal- Tagore's place of residence, with a special interest in the songs of the Indian poet. Professor Koch completed his doctoral dissertation at the University of Bonn in 1994 on classical North Indian music, comparing it with the theory of affects in European philosophy. His habilitation in ethnomusicology at the University of Cologne in 2002 marked a return to Tagore's work and resulted in the publication 'Die Lieder Rabindranath Tagores zwischen Tradition und Moderne' (LIT Verlag, Berlin/Münster, 2012). His ethnomusicological research has taken him extensively to India and South Korea, with academic interests spanning North Indian music, instrumental studies, audiovisual media, and music archaeology. He has curated numerous exhibitions and authored a wide range of scholarly essays and books. Professor Koch is an adjunct professor of ethnomusicology at the University of Cologne, an honorary professor at the Berlin University of the Arts and honorary professor at the Humboldt University Berlin. He holds guest professorships at the University of Chicago and the University Vienna. Since 2018, he has served as Director of the Ethnologisches Museum and the Museum für Asiatische Kunst at Berlin's Humboldt Forum. About the Merck-Tagore Award The Merck-Tagore Award, sponsored by Merck India and granted by the Goethe-Institut / Max Mueller Bhavan India, was introduced in 2012 to honour the life and work of Rabindranath Tagore. This award is one of four literary prizes sponsored and promoted by Merck on a global basis. It is granted to writers and scholars who have made a special contribution to cultural exchange between Germany and India. Merck has a historical connection with Rabindranath Tagore. Within the Merck family, Elisabeth Wolff-Merck took on the task of translating Tagore's theatrical piece 'Chitra' from English into German. Her husband, Kurt Wolff, played a pivotal role in publishing Tagore's works in Germany, contributing significantly to the poet's recognition and acclaim in this country. About Goethe-Institut The Goethe-Institut (known in India as Goethe-Institut / Max Mueller Bhavan) is the Federal Republic of Germany's cultural institute, active worldwide. It promotes the study of German abroad and encourages international cultural exchange. The Goethe-Institut / Max Mueller Bhavan's main areas of interest are determined in consultation with its Indian cooperation partners from the fields of art, science and media, from NGOs and select companies, with whom it jointly develops appropriate programmes and projects. The Institute's activities range from film screenings, exhibitions, theatre performances and concerts to workshops and conferences particularly on innovative topics such as digital, AI and media art. The Institute also initiates and organises contacts and research/residency tours for Indian artists, scientists and journalists who wish to go to Germany, thereby supporting them as promoters of culture and paving the way for deeper international and cultural cooperation. About Merck Merck, a leading science and technology company, operates across life science, healthcare and electronics. More than 62,000 employees work to make a positive difference to millions of people's lives every day by creating more joyful and sustainable ways to live. From providing products and services that accelerate drug development and manufacturing as well as discovering unique ways to treat the most challenging diseases to enabling the intelligence of devices – the company is everywhere. In 2024, Merck generated sales of € 21.2 billion in 65 countries. Scientific exploration and responsible entrepreneurship have been key to Merck's technological and scientific advances. This is how Merck has thrived since its founding in 1668. The founding family remains the majority owner of the publicly listed company. Merck holds the global rights to the Merck name and brand. The only exceptions are the United States and Canada, where the business sectors of Merck operate as MilliporeSigma in life science, EMD Serono in healthcare, and EMD Electronics in electronics. All Merck press releases are distributed by e-mail at the same time they become available on the Merck website. Please go to www.merckgroup.com/subscribe to register online, change your selection or discontinue this service. Photo: https://mma.prnewswire.com/media/2890780/Merck_Tagore_Award.jpg' alt='Embedded Media' /> (Disclaimer: The above press release comes to you under an arrangement with PRNewswire and PTI takes no editorial responsibility for the same.). PTI

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