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    India now faces 10 pc tariffs in US for 150 days; govt says studying implications
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February 21, 2026
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Temporary import surcharge alters global trade rules, reshaping US-India tariff calculus and prompting reassessment of bilateral negotiations.
A temporary import surcharge has been proclaimed under Section 122 of the Trade Act of 1974 as a time limited global ad valorem levy effective February 24, operating in addition to existing MFN and import duties and excluding specified products. The measure alters the tariff calculus for India by reducing the immediate reciprocal tariff burden relative to prior higher levies while creating uncertainty about post period tariffs; the Indian government is studying implications as bilateral trade talks continue and stakeholders call for renegotiation and sectoral protections.
February 21, 2026
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Preferential trade agreement expansion aims to broaden tariff coverage and deepen investment, technology and critical minerals cooperation India Mercosur
Expansion of the India Mercosur preferential trade agreement aims to convert a limited pact covering 450 tariff lines into a full agreement to improve market access, grow bilateral investment and foster technology partnerships. The parties set an enhanced annual trade target and signed a cooperation pact on critical minerals to support downstream processing and collaboration. Priority sectors include defense, energy and renewables, agri and agrochemicals, health and pharma, aerospace, automotive, semiconductors and digital technology, alongside measures to attract investment and ease business through visa facilitation and domestic reforms.
February 21, 2026
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Trade Agreement Suspension: call to halt and renegotiate interim India-US deal to protect farmers after US tariff invalidation.
The article demands suspension and renegotiation of the interim India-US trade framework to protect farmers, asserting the Framework cannot be implemented following judicial invalidation of presidential tariff powers and the administration's subsequent reliance on alternative tariff measures; it requires the government to commit to no import liberalisation on agricultural products, to review the agreement's haste and sustainability, and to safeguard non tariff protections and domestic livelihoods pending clarifications.
February 21, 2026
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Trade tariff changes threaten agricultural export competitiveness and expose domestic farmers to cheaper foreign imports.
An interim trade agreement reduces previously higher reciprocal US duties on Indian imports to a lower tariff level while lowering or eliminating duties on certain US agricultural imports into India, a realignment presented as likely to raise prices of Indian farm exports in the US and to increase competitiveness of US products domestically, threatening export opportunities for maize, soybean, dairy, peanut and cotton producers and exposing domestic farmers to cheaper US imports.
February 21, 2026
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Pharma exports: government and industry focus on market access and trade engagement to boost competitiveness and growth.
The commerce ministry and industry discussed measures to sustain and accelerate pharmaceutical exports, focusing on enabling conditions, resolving trade bottlenecks, and coordinated engagement with exporters, regulators, and Indian Missions. Strategic trade engagements with major partners were identified to improve market access, competitiveness, and regulatory compliance, supporting industry aims for double-digit expansion.
February 21, 2026
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Customs port status enables Jalna dry port to commence import-export operations after award of long-term operating mandate.
The National Highway Authority accepted Vikas Coal and Minerals Pvt. Ltd.'s bid to operate the Jalna Dry Port under a long-term operating mandate, subject to completion of administrative approvals and bank guarantee formalities; the operator will pay an annual, turnover-based fee. The facility has received customs port status, enabling import-export and customs processing, and essential infrastructure including a cargo terminal and a dedicated rail connection is operational, supporting imminent commencement of operations.
February 21, 2026
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Presidential tariff authority curtailed; temporary import surcharge imposed alters bilateral tariff treatment and prompts trade talks.
Presidential tariff authority was found to have been exceeded when broad import levies were imposed; an executive proclamation subsequently announced a temporary import surcharge that modifies effective tariffs and operates in addition to existing MFN or import duties, prompting review of legal and commercial consequences and informing ongoing bilateral trade negotiations.
February 21, 2026
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Tariff ruling prompts government review of international trade measures and potential policy implications for exporters and customs operations.
The government is assessing recent developments on US tariff measures after a judicial decision and an executive statement, and is studying announced administrative steps to evaluate implications for trade policy, tariff administration, and customs procedures.
February 21, 2026
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Global tariffs may trigger market sell-offs, increasing interest in presale crypto assets with perceived volatility protection.
Announcement of renewed global tariffs and the Supreme Court's limitation on tariff authority are presented as macro drivers likely to increase market volatility, prompting traders to seek presale tokens. The article promotes DeepSnitch AI-citing reported presale funds raised, a preview of a dashboard powered by five AI agents, and an LLM-style DYOR risk-assessment tool-as a presale asset positioned to mitigate short-term swings; it contrasts this with BNB and XRP, which show modest recoveries but remain vulnerable to downside scenarios.
February 21, 2026
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Withdrawal from Rule 14A registration: online opt out with Aadhaar authentication and specified return conditions required.
Enables electronic withdrawal from Rule 14A by filing Form GST REG-32 on the GST Portal: eligible active taxpayers must select the opt out option, state a reason, and complete Aadhaar authentication for the primary authorised signatory and at least one promoter/partner; ARN is issued only after successful authentication. Filing requires meeting return filing preconditions and completion of draft submission and authentication within specified timelines. While REG 32 is pending, certain amendments and self cancellation are barred. After issuance of Form GST REG-33, taxpayers must report output tax liability on supplies to registered persons exceeding the prescribed threshold.
February 21, 2026
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Trade tariffs: US issues new global import levy after court ruling, altering reciprocal duties and exporter compliance obligations.
The Supreme Court's invalidation of the prior tariff framework prompted an executive proclamation establishing a new global import surcharge, producing a uniform temporary levy that recalibrates reciprocal duties on foreign exporters and requires exporters and advisors to reassess customs, contractual and compliance implications under the revised tariff regime.
February 21, 2026
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Reciprocal tariffs transformed into temporary import surcharge, altering tariff exposure and prompting reassessment of bilateral trade concessions.
The US proclamation replaces varied reciprocal tariffs with a uniform temporary import surcharge of 10 per cent ad valorem applied in addition to MFN duties on goods previously covered under reciprocal tariffs. Indian exports will therefore bear MFN duties plus the temporary surcharge rather than the earlier country specific reciprocal or punitive levies; certain sectoral tariffs remain in force and specified categories of goods are exempted from the temporary surcharge. The change is contemporaneous with negotiations on an initial bilateral trade agreement, prompting a reevaluation of tariff concessions.
February 21, 2026
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Merchandise trade indices base year revision updates weights, classifications and methodology to reflect current trade structure and improve comparability.
DGCI&S has revised the merchandise trade indices to base FY 2022-23 to reflect current trade composition, updating commodity baskets and month-specific weights based on base-year trade values. The revised series incorporates monthly, quarterly and annual Export/Import Unit Value and Quantity Indices, Principal Commodity, SITC and BEC classifications, bilateral and region-wise indices for top partners, and Gross, Net and Income Terms of Trade. Methodological refinements cover common commodity-basket selection, imputation of missing unit values and Laspeyres-type weighted averaging; comparability is meaningful mainly for same-month comparisons across years. Detailed methods and data will be published by DGCI&S.
February 21, 2026
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Administrative data harmonization to inform a national agenda and prepare states for coordinated governance reforms.
The Ministry of Statistics and Programme Implementation is convening a national consultative workshop on using administrative data for governance to brief States/UTs, Central ministries and other stakeholders on objectives, scope and key issues, as a preparatory step for a national summit. The workshop will gather expert deliberations, showcase use cases, and collate inputs from State level workshops to identify priority reform areas for strengthening administrative data systems and enabling responsible harmonization across departments.
February 21, 2026
Show AI Summary
Presidential tariff authority reversed, trade deal's tariff basis challenged; India-US agreement's viability questioned, prompting political backlash domestically.
Following a judicial curtailment of presidential power to impose global tariffs under emergency authority, the US administration invoked an alternative statute to impose a temporary import surcharge to preserve an existing India-US interim trade framework; this shift alters the tariff basis of the deal and raises questions about the surcharge's applicability to India and the deal's implications for market access, subsidy withdrawal, agricultural protections, energy security, and data safeguards.
February 21, 2026
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Presidential tariff authority limited by court; administration seeks alternative statutory paths to maintain import duties, prolonging business uncertainty.
The Supreme Court ruled the president lacked authority under the emergency-powers framework to impose import tariffs, voiding tariffs imposed on that basis while leaving open the administration's use of other statutory authorities to impose duties; the decision narrows one executive route for tariffs but creates complex refund and recovery issues and leaves many existing tariffs under different authorities intact.
February 21, 2026
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Separation of powers affirmed: Presidential global tariffs invalidated, reaffirming that only Congress may impose taxes.
A Supreme Court decision concluded that broad presidential global tariffs exceeded executive authority by encroaching on Congress's exclusive power over taxation; counsel for small businesses argued the levies operated as taxes imposed without congressional authorization, framing the dispute as a structural separation of powers issue and reaffirming that only Congress can impose taxes.
February 21, 2026
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Invalidation of emergency tariff authority leaves collected import duties subject to refund and protracted litigation.
The Supreme Court held the International Emergency Economic Powers Act did not authorize presidential tariffs, leaving collected import duties unlawful but not prescribing a refund mechanism. Administration of refunds will likely involve the customs agency, specialised trade tribunals and lower courts, utilising or adapting existing duty correction procedures, and is expected to produce prolonged, multi jurisdictional litigation as importers seek recovery while consumers face evidentiary obstacles to claiming pass through losses.
February 21, 2026
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KYC/KYB compliance automation expands: AI platform streamlines MSME due diligence, risk screening and faster onboarding for lenders.
An AI-powered KYC/KYB platform automates entity and individual due diligence and compliance for the BFSI sector, centralising MSME discovery and risk evaluation via a large multi-source data lake. It supports onboarding, underwriting, GTM optimisation and credit decisioning by converting fragmented business information into actionable intelligence. The system enables scaled lead generation, automated due diligence, and extensive sanction and litigation screening to bolster anti-money laundering controls, and provides a Model Context Protocol allowing configurable AI agents and custom model integration to align with institutional policies.
February 21, 2026
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Temporary import surcharge lowers reciprocal US tariff on Indian goods following legal limitation on presidential tariff powers
A presidential proclamation imposes a temporary import surcharge of ten per cent ad valorem, effective February 24, 2026, applied in addition to existing Most Favoured Nation duties; this replaces prior broader reciprocal levies on Indian goods, while higher sectoral tariffs for specified products remain and the surcharge applies only to a portion of exports due to coverage exemptions.

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ElevateX 2026, Marking a New Chapter in Human Centric and Intelligent Automation

February 11, 2026

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Poi Toong Tang, VP Sales APAC; James Davidson, Chief AI Officer; Sougandh K M, Business Director South Asia, at ElevateX 2026, Bengaluru Bengaluru, India | February 11, 2026: Teradyne Robotics today hosted ElevateX 2026 in Bengaluru - its flagship industry forum bringing together Universal Robots (UR) and Mobile Industrial Robots (MiR) to spotlight the next phase of human‑centric, collaborative, and intelligent automation shaping India’s manufacturing and intralogistics landscape.

Designed as a high‑impact platform for industry leadership and ecosystem engagement, ElevateX 2026 convened 25+ CEO/CXO leaders, technology experts, startups, and medias, reinforcing how Indian enterprises are progressing from isolated automation pilots to scalable, business‑critical deployments. Ots) Teradyne Robotics emphasized the rapidly expanding role of flexible and intelligent automation in enabling enterprises to scale confidently and safely. With industrial collaborative robots (cobots) and autonomous mobile robots (amr’s) becoming mainstream across sectors, the company underlined its commitment to driving advanced automation, skill development, and stronger industry‑partner ecosystems in India.

The event showcased several real‑world automation applications featuring cobots and amr’s across key sectors including Automotive, F&B, FMCG, Education, and Logistics. These demos highlighted the ability of Universal Robots and MiR to help organizations scale quickly, redeploy easily, and improve throughput and workforce efficiency.

Showcasing high‑demand applications from palletizing and welding to material transport, machine tending, and training, the demonstrations reflected how Teradyne Robotics enables faster ROI, simpler deployment, and safe automation across high‑mix and high‑volume operations.

Speaking at the event, James Davidson, Chief Artificial Intelligence Officer, Teradyne Robotics, said, “Automation is entering a defining era - one where intelligence, flexibility, and human-centric design are no longer optional, but fundamental to how businesses innovate, scale, and compete. AI is transforming robots from tools that simply execute tasks into intelligent collaborators that can perceive, learn, and adapt in dynamic environments. In India, we are witnessing a decisive shift from experimentation to enterprise-wide adoption, and ElevateX 2026 reflects this momentum - bringing the ecosystem together to explore how collaborative and intelligent automation can become a strategic growth engine for both established enterprises and the next generation of startups.” Poi Toong Tang, Vice President of Sales, Asia Pacific, Teradyne Robotics, added, “India is rapidly emerging as one of the most important and dynamic automation markets in Asia Pacific. Organizations today are not just looking to automate - they are looking to build operations that are flexible, resilient, and future-ready. The demand is for modular automation that delivers faster ROI and can evolve alongside business needs. Through Universal Robots and MiR, we are enabling end-to-end automation across production and intralogistics, helping Indian companies scale with confidence and compete on a global stage.” Sougandh K.M., Business Director – South Asia, Teradyne Robotics, said, “India’s automation journey will be defined by collaboration across its ecosystem — by partners, system integrators, startups, and skilled talent working together to turn technology into real impact. At Teradyne Robotics, our belief is simple: automation should be for anyone and anywhere, and robots should enable people to do better work, not work like robots. Our focus is on automating tasks that are dull, dirty, and dangerous, while helping organizations improve productivity, safety, and quality. ElevateX 2026 is about lowering barriers to adoption and building long-term capability in India, making automation practical, scalable, and accessible, and positioning Teradyne Robotics as a trusted partner in every stage of that growth journey .” Customer Case Story Testimonial/Teaser A key highlight of ElevateX 2026 was the spotlight on customer success and Origin stood out. As a fast‑growing U.S. construction tech startup, they shared how partnering with Universal Robots is driving measurable impact through improved productivity, stronger safety and consistently high‑quality project outcomes powered by collaborative automation.

Yogesh Ghaturle is the Co-founder and CEO of Origin, said “Our goal is to bring true autonomy to the construction site, transforming how the world builds. Executing this at scale requires a technology stack where every component operates with absolute predictability. Universal Robots provides the robust, operational backbone we need. With their cobots handling the mechanical precision, we are free to focus on deploying our intelligent systems in the real world.” ABOUT TERADYNE ROBOTICS Teradyne Robotics is a global leader in advanced robotics, dedicated to revolutionizing manufacturing processes through innovation in collaborative and mobile robotic technology. Teradyne Robotics companies, Universal Robots and Mobile Industrial Robots (MiR) empower businesses of all sizes to enhance operational efficiency by integrating the power of machines with human talent. Our comprehensive range of solutions enables companies to optimize manufacturing processes, leading to improved product quality, and increased productivity, while greatly improving worker safety.

Teradyne Robotics is a division of Teradyne (NASDAQ:TER), a leading supplier of automatic test equipment and advanced robotics. For more information, visit www.teradyne.com.

www.universal-robots.com and www.mobile-industrial-robots.com, Teradyne® is a registered trademark of Teradyne, Inc. in the U.S. and other countries.

(Disclaimer: The above press release comes to you under an arrangement with NRDPL and PTI takes no editorial responsibility for the same.). PTI PWR

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