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February 21, 2026
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Presidential tariff authority contested; executive order raises global import tariff after review of recent legal limitation.
After a judicial ruling that his emergency powers did not authorize sweeping tariffs, the President signed an executive order bypassing Congress to impose a temporary global import tax limited to 150 days unless extended by legislation; following review of the court decision he announced an upward adjustment to the proposed global tariff rate.
February 21, 2026
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Reciprocal tariffs: leaders agree to study implications and adopt a wait-and-watch approach while boosting strategic trade ties.
Discussion focused on the trade-policy implications of a major US decision affecting reciprocal tariffs, with both leaders adopting a "wait-and-watch" posture to study potential US administrative responses. Parallel measures included a pact on critical minerals to build resilient supply chains, a joint digital partnership declaration, and multiple MoUs covering mining, MSMEs, healthcare, defence maintenance cooperation, and technology and energy collaboration.
February 21, 2026
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Tariff invalidation prompts review of affected duties, potential refund claims, and continued uncertainty from proposed new tariff measures.
Invalidation of certain executive-era import duties removes the legal basis for specified tariff measures and creates potential refund claims by importers and foreign suppliers, while other tariffs tied to distinct statutory or product-specific authorities remain in force. Governments and businesses must distinguish between invalidated and continuing duties when reviewing compliance, pursuing restitution, and adapting contractual and supply chain plans amid the added uncertainty of proposed new tariff measures under alternative rules.
February 21, 2026
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Trade agreement criticised as threatening farmers' livelihoods and spurring nationwide farmer protests and political agitation.
The state Congress contends the interim Indo US trade agreement will expose Indian farmers to damaging import competition-particularly in soybean and cotton-depress domestic prices, threaten small traders and related industries, and amount to a surrender of national agricultural interests. It has announced coordinated protests and gatherings (Kisan Sammelans, chaupals, marches) in Bhopal, Budhni and Vidisha, blaming the Union Agriculture Minister for failing to defend farmers and urging mobilisation to protect rural livelihoods.
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
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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.

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THE LEELA CONCLUDES THE FOURTH SEASON OF #POLOINTHEPINKCITY WITH A CELEBRATION OF THE ROYAL SPORT, CULTURE AND REFINED LUXURY

February 11, 2026

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The tournament featured a pre-finale gala at the newly unveiled Amber Terrace and an exhibition victory by The Leela Polo Team, bringing together gracious hospitality and Rajasthan's enduring polo heritage JAIPUR, India, Feb. 11, 2026 /PRNewswire/ -- The Leela Palaces, Hotels and Resorts marked the successful conclusion of #PoloInThePinkCity, as the fourth season of The Leela Maharaja Sawai Man Singh Polo Cup reaffirmed the brand's commitment to preserving and celebrating the royal sport of polo through thoughtfully curated experiences that blend heritage with contemporary luxury. L-R: Kr Vikramaditya Singh Barkan, Team Optiemus Achievers, Mr. Digvijay Singh, HH Sawai Padmanabh Singh of Jaipur, Mr. Anuraag Bhatnagar, Parul Rai, Maharaj Narendra Singh, Mr. Anoop Pandey, Mrs. Anjali Mehra, Team V Polo, IV Singh The season commenced on February 7 with an elegant pre-finale gala dinner at The Amber Terrace, the newly launched rooftop destination at The Leela Palace Jaipur. Overlooking the Aravalli Hills, the evening unfolded against the backdrop of the terrace's distinctive 'root-to-fruit' cocktail and culinary philosophy, offering guests an immersive introduction to the palace's newest social address. The gathering brought together visionaries from Jaipur's cultural landscape alongside leading voices from fashion and the arts, including singer Manasi Scott, designer Nikhil Mehra, director Prahlad Kakkar, actor and creator Monica Vaswani and actor Chayan Chopra, setting the tone for a weekend defined by elegance and anticipation - hallmarks of #PoloInThePinkCity. On February 8, the focus shifted to the polo field at the Rajasthan Polo Club. Ahead of the final, an exhibition match saw The Leela Polo Team take on the Jindal Polo Team, with The Leela Polo Team emerging victorious with a score of 4–3. Sawai Padmanabh Singh - Icon of India by The Leela and captain of The Leela Polo Team - delivered a standout performance, scoring two goals, alongside two goals by Rao Himmat Singh Bedla. The highlight of the day was the grand finale of the 4-chukker The Leela Maharaja Sawai Man Singh Polo Cup 2026, contested between Team Optiemus Achievers and Team V Polo. In a closely fought match, Team Optiemus Achievers claimed the title with a final score of 7–5, bringing the fourth season of #PoloInThePinkCity to a thrilling close. Speaking on the occasion, Mr. Anuraag Bhatnagar, Chief Executive Officer, The Leela Palaces, Hotels and Resorts, said, "The Leela Maharaja Sawai Man Singh Polo Cup reflects our enduring commitment to honouring India's royal sporting heritage through experiences that embody true Indian luxury. As we conclude the fourth season of this association with the Rajasthan Polo Club, it is especially meaningful to see this journey unfold alongside the unveiling of the reimagined The Leela Palace Jaipur and The Amber Terrace - spaces that represent how we continue to evolve while remaining deeply rooted in culture, craftsmanship and gracious hospitality." The event was further elevated by the association of BMW Excellence Club, as Luxury Mobility Partner, and Hibiki Whisky, as Celebrations Partner, whose shared values of craftsmanship, precision and refined experiences resonated seamlessly with The Leela's philosophy. Mr. Vitesh Barar, Director Marketing BMW India , said, "We are proud to partner with the Leela Maharaja Sawai Man Singh Polo Cup through BMW Excellence Club, an experience that perfectly aligns with BMW's ethos of precision, craftsmanship, and refined luxury. Polo, much like BMW, is a sport that embodies heritage, elegance, and performance, qualities that resonate deeply with our brand. The seamless blend of tradition and modernity showcased at Polo Cup mirrors BMW's commitment to delivering driving experiences that combine cutting-edge technology with timeless sophistication. We celebrate this unique convergence of sport, culture, and luxury, and look forward to creating unforgettable moments for connoisseurs of excellence." "The Maharaja Polo Cup is a rare convergence of heritage and modern luxury - an environment where Hibiki feels instinctively at home. Through this association, Hibiki is experienced not merely as a whisky, but as an expression of balance, craftsmanship, and time. These are moments that cannot be bought, only experienced - true to the spirit of Hibiki, The Masterpiece of Japanese Artistry" commented Rohini Menezes, Category Manager, The House of Suntory, Suntory Global Spirits . As the curtain falls on its fourth season, this event stands as a testament to The Leela's role as a custodian of the royal sport - creating moments where heritage, sport and modern luxury converge with effortless grace. About The Leela Palaces, Hotels and Resorts The Leela Palaces, Hotels and Resorts is India's largest institutionally owned and managed pure-play luxury hospitality brand. Backed by the Brookfield Group, The Leela operates 14 award-winning properties across India's premier leisure and business destinations. Recognized globally for architectural excellence and bespoke services, The Leela has been ranked the #1 hospitality brand globally by Travel + Leisure World's Best Awards in 2020 and 2021, and among the top three in 2023 and 2024. The brand remains committed to delivering timeless Indian hospitality through world-class luxury experiences. For more information, please visit our website www.theleela.com and connect with us on Facebook , Twitter and Instagram . About The Leela Palace Jaipur Set against the Aravalli Hills, The Leela Palace Jaipur is a modern palace that blends Rajasthan's regal heritage with contemporary luxury. Spread across eight acres of landscaped gardens, the palace features 194 elegant rooms and suites, immersive cultural experiences, and Aujasya Spa by The Leela, rooted in ancient Indian wellness traditions. The palace's signature dining destinations include Jamavar, a fine-dining homage to India's royal kitchens; The Aravalli Dining Room, an elegant all-day restaurant inspired by Jaipur's regal heritage; The Peacock Lounge, an exclusive lounge offering refined Mediterranean cuisine; The Jharokha Bar, celebrating the spirited essence of Royal Rajasthan; and The Amber Terrace, overlooking the Aravalli Hills, offering root-to-fruit inspired cocktails paired with modern Asian cuisine. Celebrated as a preferred address for iconic celebrations and discerning travellers, The Leela Palace Jaipur has been recognised with Two Michelin Keys (2025), ranked among the Top Hotels in India by Condé Nast Traveller UK Readers' Choice Awards 2025, and named Favourite Indian Leisure Hotel at the Condé Nast Traveller India Readers' Travel Awards 2025. Photo: Embedded Media Logo: 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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