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February 23, 2026
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Trade policy uncertainty after external tariff changes prompts review and rescheduling of bilateral negotiators' meeting.
Commerce ministry is reviewing recent foreign tariff changes and their impact on trade negotiations; the Finance Minister said it is too early to comment and that the negotiating delegation must decide timing for further talks. A planned meeting of chief negotiators to finalise an interim trade pact was rescheduled, and the ministry's Joint Secretary, Darpan Jain, is India's chief negotiator. The government affirmed it will continue pursuing bilateral and regional trade agreements to expand market access.
February 23, 2026
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Bank fraud monitoring: RBI says it is overseeing an IDFC First Bank fraud and finds no systemic issue.
Reserve Bank of India is monitoring an alleged fraud at IDFC First Bank and has indicated no systemic issue. IDFC First Bank disclosed the fraud involved certain employees and others at a Chandigarh branch affecting a specific set of Haryana government-linked accounts, and said the misconduct is confined to those government accounts and does not extend to other customers of the branch.
February 23, 2026
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Forensic audit validity confirmed, enabling banks to proceed with fraud account classification after a higher court quashed a prior interim stay.
Division bench overturned a single-judge interim stay that had restrained banks from classifying certain accounts as fraud, finding the stay illegal and perverse. The banks and an audit firm had appealed, asserting the forensic audit was legally valid and disclosed serious fund siphoning and misutilisation; the prior stay rested on challenges to the audit's compliance with RBI guidelines and the auditor's qualifications, which the division bench rejected.
February 23, 2026
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Tariff authority curtailed, prompting mixed market moves and heightened regulatory uncertainty across trade, crypto, and commodities.
The cancellation of broad presidential import levies removed a central trade policy instrument and prompted immediate market adjustments: equity futures fell, Asian indices were mixed, bitcoin dropped sharply, and precious metals rose. The incumbent plans alternative measures, including a global tariff via executive order and Commerce Department investigations, leaving trade policy and market expectations uncertain while growth, inflation, and corporate guidance continue to influence volatility.
February 23, 2026
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Illegality of presidential tariffs undermines executive tariff authority, prompting legal challenges and reshaping trade negotiation dynamics.
The judicial invalidation of the presidential tariff program undercuts executive unilateral tariff authority and invites legal challenges to successor emergency tariff measures, prompting reassessment of trade negotiations and reliance on discretionary tariffs without concrete balance of payments predicates.
February 23, 2026
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Index of Eight Core Industries shows overall growth, with cement and steel leading while oil and gas sectors decline.
The combined Index of Eight Core Industries rose provisionally by 4.0 per cent year on year in January 2026, with Cement, Steel, Electricity, Fertilizers and Coal recording positive monthly growth while Crude Oil and Natural Gas declined and Refinery Products remained unchanged. The cumulative April-January 2025-26 growth is reported as 2.8 per cent (provisional). The release provides industry weights, monthly and annual indices, notes that January data are provisional and December data final, and explains methodological inclusions and revision practice.
February 23, 2026
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Foreign exchange volatility: rupee strengthened after oil-led dollar weakness, while reserve gains and capital flows shape market risk.
The rupee strengthened in early trade due to lower global crude prices and a softer dollar amid tariff-related uncertainty, aided by a strong equity opening; persistent dollar-buying sentiment and foreign institutional outflows could reintroduce selling pressure. The Reserve Bank of India's rise in foreign exchange reserves to a record level is a material macroprudential indicator affecting market liquidity and perceived intervention capacity under FEMA and central bank reserve management frameworks.
February 23, 2026
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Supreme Court rejection of sweeping tariffs reshapes import-tax authority and prompts pursuit of alternative tariff mechanisms.
The Supreme Court struck down the majority of the President's broad import tariffs, prompting varied market reactions as investors repriced winners and losers; the administration announced alternative measures including an executive-order global tariff and use of Commerce Department trade-investigation authorities, preserving the prospect of import taxation while altering statutory mechanism and temporal limits.
February 22, 2026
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Sovereignty concerns over Indo US trade agreement; alleged tariff and procurement conditions threaten national, energy and data autonomy.
Allegations that an interim trade arrangement with the United States compromises national sovereignty and domestic interests by conceding tariff advantages and large import commitments, harming agriculture and industry. The pact is criticized for limiting energy procurement choices and creating dependency by discouraging purchases from alternative suppliers, thereby threatening energy security and raising inflationary pressure. Concerns also focus on obligations affecting data sovereignty, which are said to risk exposing sensitive data to foreign access.
February 22, 2026
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Trade commitments: EU urges US to honour agreed tariff ceiling and warns of anti-coercion countermeasures and uncertainty.
EU urges the United States to adhere to the trans Atlantic trade agreement and not exceed the agreed tariff ceiling, warning that unpredictable tariff changes harm trade stability and supply chains. The EU noted it may pause ratification and could deploy its Anti Coercion Instrument-permitting trade and investment restrictions, exclusions from public tenders, and limits on foreign direct investment-to defend its interests if commitments are not honoured.
February 22, 2026
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EU-India free trade agreement expands trade and AI cooperation and strengthens supply chain resilience pending final ratification.
The EU India Free Trade Agreement substantially liberalises tariffs across the majority of bilateral trade to expand market access, while prioritising cooperation on human centred artificial intelligence and promoting interdependent, resilient supply chains; the agreement is subject to final legal vetting and ratification before implementation.
February 22, 2026
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Digital fraud prevention: protect accounts by not sharing OTP or Aadhaar and using authorised re KYC channels.
Individuals must not share OTP, Aadhaar numbers, or bank account details and should change passwords regularly. KYC and re KYC are security measures that must be undertaken only via bank branches, official apps, or authorised platforms because criminals use fake calls, SMS and links to compromise accounts.
February 22, 2026
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PMLA enforcement targets accelerate investigations and timely prosecution filings, urging probes to finish within a short defined timeframe.
The Enforcement Directorate directed acceleration of PMLA prosecutions by increasing prosecution filings and concluding most investigations within one to two years, except in complex cases. Officers must exercise PMLA powers with caution, ensure legally sustainable attachments and penalties, and issue notices judiciously. Operational priorities include tracing illicit assets abroad, targeting misuse of trade channels and insolvency processes for laundering, prioritising digital arrest and cyber fraud work, checking illegal online gaming and share market manipulation, leveraging MLATs, Interpol and extradition, and completing pending FERA adjudications while addressing manpower, cooperation and valuation challenges.
February 22, 2026
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Trade tariffs altered by recent court ruling disrupt interim trade agreement negotiations and prompt rescheduling of chief negotiators' meeting.
The meeting of chief negotiators was postponed to permit assessment of a court ruling limiting executive tariff authority and subsequent US tariff adjustments, which have introduced uncertainty into agreed concessions under the interim trade framework. The framework must be converted into a legal instrument, but finalisation of the legal text and implementation timelines are deferred pending clarification of how additional US tariff layers will interact with existing Most Favoured Nation duties and the ultimate tariff treatment for the partner country.
February 22, 2026
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Data privacy: Appeals on platform data sharing penalty and consent safeguards to be heard, with government party added.
Appeals challenge a CCI penalty and limits on platform data sharing under privacy and competition law; an appellate tribunal removed a ban on advertising related data sharing but retained the penalty. The dispute centers on consent standards, protection of dependent or unaware users, and whether platform data aggregation creates market dominance. Procedural issues include interim directions, inclusion of the technology ministry as a party, and a cross appeal by the regulator against the tribunal's narrowing of remedies.
February 22, 2026
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Congressional authority over tariffs affirmed, but executive invoked temporary trade statute to impose new global import tax.
A majority of justices held that the power to levy tariffs is vested in Congress, voiding a major part of the presidential global tariff program; the President then invoked the Trade Act's temporary emergency authority to impose a new short-term global import tax, a provision never previously used this way, raising questions about the statute's reach and prompting political fallout, calls for consumer refunds, and intensified partisan divisions over trade policy.
February 21, 2026
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Tariff authority: President seeks to impose a higher global tariff using alternate legal powers after court rebuke.
The President seeks to impose a higher global tariff relying on alternative executive authority and statutory avenues requiring Commerce Department investigations, while a separate executive order established a temporary import tax limited in duration and contingent on legislative extension; this raises constitutional questions about the allocation of tariff-setting and taxation powers and uncertainty over funds already collected.
February 21, 2026
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Presidential tariff authority raised a temporary global import surcharge, altering trade deal dynamics and exemptions for critical goods.
The executive invoked trade act authority to impose a temporary global import surcharge, increasing a recently announced ad valorem levy and reserving the right to issue further legally permissible tariffs within a 150 day period; the proclamation excludes specified critical minerals, energy products, select agricultural goods, pharmaceuticals, certain electronics, passenger vehicles and aerospace products, and the surcharge is applied in addition to existing Most Favoured Nation import duties, affecting ongoing bilateral trade negotiations.
February 21, 2026
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Criminal breach of trust: bail denied due to complex fund diversion, risk of evidence tampering and undisclosed antecedents.
Refusal of bail rested on prima facie findings that the NBFC owner-director engaged in calculated, layered diversion of investor funds amounting to criminal breach of trust; investigation remained at a nascent stage with a complex money trail requiring forensic analysis and a real risk of evidence tampering, compounded by the applicant's non-disclosure of prior criminal antecedents and insufficient medical justification.
February 21, 2026
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Presidential authority on emergency economic powers challenged; administration announces higher worldwide import levies pending new tariff rules.
President announced an immediate increase in the worldwide import surcharge to a higher legally framed rate and stated the administration will determine new legally permissible tariffs; this follows a Supreme Court decision holding that reliance on IEEPA to impose sweeping duties exceeded presidential authority and has affected bilateral tariff arrangements under an interim trade framework with India.

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ICC T20 World Cup 2026: Defending Champions India Start as Favourites at Home

February 11, 2026

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Defending champions India will be showcasing their strengths in front of their fans Delhi, India (NewsVoir) Defending Champions and Co-Hosts India kick off their 2026 ICC T20 World Cup campaign on February 7 against the United States of America, who are currently mired by the suspension of USA Cricket ahead of the mega-event in India.

After winning the 2024 T20 World Cup held in the USA and the West Indies, India bid adieu to Rohit Sharma, Virat Kohli, and Ravindra Jadeja as the experienced trio walked away from the shortest format of the game at the international stage.

With Gautam Gambhir taking charge of the Men in Blue, Suryakumar Yadav was appointed as the captain of the Indian team in T20Is, as Abhishek Sharma, Tilak Varma, and Varun Chakravarthy stamped themselves as ever-presents for India.

The Suryakumar-led side has since then grown leaps and bounds as India has solidified their spot at the top of the ICC T20I rankings. Abhishek and Tilak have grasped two of the top three spots in the batters’ rankings, while Varun Chakravarthy is ruling the roost in the bowlers’ list.

Placed in Group A alongside arch-rivals Pakistan, the USA, Namibia, and the Netherlands, the Men in Blue should be one of the favorites to reach the Super Eight stage. Let’s have a look at how India heads into the tournament and whether their preparations are up to the mark as they will be defending the coveted trophy in front of their fans: India’s record since the 2024 T20 World Cup Triumph Indian cricket fans would have expected a topsy-turvy start to their new era, but Gambhir and Suryakumar have quashed their doubters by winning every T20I series in the build-up to the 2026 ICC T20 World Cup.

Suryakumar kicked off his captaincy era with a bang against Sri Lanka and Bangladesh as the Men in Blue clean-swept both of their neighbors. While India won all three matches against Sri Lanka, including a win in the Super Over, the Men in Blue completely annihilated Bangladesh in all three fixtures, especially the 133-run win in the dead rubber, courtesy of a Sanju Samson century.

While India got off to a good start to the Suryakumar era, their real test was yet to come as Gambhir’s men travelled to the rainbow nation to face South Africa for a 4-match T20I series.

Both Samson and Tilak scored two centuries each to help India register a 3-1 win in the series, where they were expected to be heavily challenged by the Proteas. Chakravarthy scalped 12 wickets in 4 matches, including a 5-wicket haul in the only match India lost, as the seamers failed to support the spinners on a sluggish surface.

England then toured India in January 2025, and the Men in Blue were clinical yet again, winning the series 4-1. After India had already wrapped up the series 3-1, Abhishek Sharma’s blitz of 135 runs off 54 balls helped India win the dead rubber by an emphatic margin of 150 runs.

After winning the England series, India’s next T20I assignment came in September as the Men in Blue won the Asia Cup, defeating arch-rivals Pakistan thrice in a span of two weeks to lift the coveted trophy.

After winning the Asia Cup, the Men in Blue went down under and defeated Australia in their own backyard, followed by a 3-1 win against South Africa at home and are now on course to win the New Zealand series as well, which is the last stop on the road to the 2026 ICC T20 World Cup.

Squad Abhishek Sharma, Sanju Samson (wk), Ishan Kishan (wk), Tilak Varma, Suryakumar Yadav ©, Shivam Dube, Hardik Pandya, Rinku Singh, Axar Patel (vc), Washington Sundar, Harshit Rana, Arshdeep Singh, Varun Chakravarthy, Jasprit Bumrah, Kuldeep Yadav.

Key Players for India The Men in Blue have the privilege of the playing XI being packed with a plethora of match-winners, with the likes of Shreyas Iyer and Kuldeep Yadav failing to break into the playing XI.

#1 Abhishek Sharma The left-hand batter is mentored by Yuvraj Singh, the hero of India’s 2007 ICC T20 World Cup and 2011 ICC Cricket World Cup triumphs. It would be fair to say that Abhishek Sharma has emerged as the most prominent player in the last two years, smashing 1199 runs at a strike rate of more than 190.

The ability to smack the ball out of the ground, maximum after maximum, has hurt opposition sides in the last two years, showcased by Abhishek’s stats of 2 centuries and 7 half-centuries. When we look at Sharma’s numbers in India, the average and strike rate both improve massively as the southpaw has scored 501 runs in 13 innings at a strike rate of 206.17.

#2 Hardik Pandya Hardik Pandya is the most experienced T20I player in the side.

The vice-captain of the Indian team in the 2024 ICC T20 World Cup triumph was arguably left high and dry as the captaincy armband was passed on from Rohit Sharma to Suryakumar Yadav after Gambhir’s appointment. Nonetheless, Hardik Pandya has proved to be undroppable with his crucial ability to score runs at a fast pace in the middle overs and often provides the finishing touches as well.

Pandya enjoyed a memorable 2024 year in T20I cricket and has often been deployed as the second seamer in the run-in to the 2026 T20 World Cup. The all-rounder’s capabilities of taking the new ball and swinging it both ways has often proven to be a masterstroke, especially against left-hander opening batters.

#3 Varun Chakravarthy Varun Chakravarthy was made the scapegoat of the embarrassment handed to India in the 2021 ICC T20 World Cup as the Kolkata Knight Riders’ mystery spinner failed to adjust to the pitches on offer in the United Arab Emirates.

Since then, the former architect has developed a couple of new variations in his mystery spin bowling and has also improved the fielding and batting aspects of the game, becoming more than a single-trick pony as he was often called back in 2021.

The spinner has scalped 55 wickets in 28 matches since the end of the 2024 T20 World Cup at a brilliant average of less than 13. The KKR spinner would be ready to unleash havoc with India playing its matches across the spin-friendly pitches of Colombo and Chennai, while bowling in Mumbai or Delhi could prove to be a challenge for the No. 1-ranked bowler in T20Is.

Predicted Playing XI India: Abhishek Sharma, Sanju Samson (wk), Tilak Varma/Shreyas Iyer, Suryakumar Yadav ©, Shivam Dube, Hardik Pandya, Rinku Singh, Axar Patel, Arshdeep Singh, Varun Chakravarthy, Jasprit Bumrah.

Contributed by- Mohak Arora, Parimatch Sports analytics expert (Disclaimer: The above press release comes to you under an arrangement with Newsvoir and PTI takes no editorial responsibility for the same.). PTI PWR

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