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    Rajasthan Cabinet approves Revenue Intelligence and Economic Offences Directorate, industrial park policy
    ED attaches Anil Ambani's 'Abode' worth Rs 3,716 crore
    Rajasthan cabinet approves bills to allow people with more than two children to contest local body elections
    Stock markets edge up in volatile trade; Waaree Energies tanks 10pc on 126% US solar duties
    Indo-US trade deal one-sided, should be put on hold: Congress
    109th Meeting of Network Planning Group under PM GatiShakti evaluates key Infrastructure projects - NPG evaluates projects from Ministry of Railways, ...
    Smartphone now India's top export category with total overseas shipment worth USD 30 bn: Vaishnaw
    IDFC First Bank affirms trust with INR 583 Crore Government Payment
    German leader arrives in China to press for fair trade, help ending Ukraine war
    US announces preliminary 126 pc countervailing duty on imports of certain Indian solar goods
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    India Building Bridges of Trade, Trust and Transformation; Secures Preferential Access to Two-Thirds of Global Trade: Union Minister of Commerce and I...
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February 25, 2026
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Revenue Intelligence and Economic Offences Directorate expands remit to investigate economic crimes and tax evasion.
The government replaces the State Revenue Intelligence Directorate with a Revenue Intelligence and Economic Offences Directorate empowered to investigate real estate fraud, banking and insurance financial crimes, NBFC and securities offences, multi-level marketing scams, fake insolvency cases, fraudulent recruitment and admission documents, illegal encroachments, stamp and registration irregularities, shell companies and cooperative scams, and to integrate inputs from tax and other revenue departments to check revenue leakages and curb tax evasion.
February 25, 2026
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Asset attachment under PMLA targets luxury property amid alleged bank fraud; further questioning scheduled by investigators.
A provisional order under the Prevention of Money Laundering Act attaches the Mumbai residence 'Abode', a multi storeyed luxury house valued at Rs 3,716.83 crore, in a probe connected to an alleged bank fraud by Reliance Communications; the cumulative attached value in the investigation is about Rs 15,700 crore.
February 25, 2026
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Judicial integrity concerns prompt objection to textbook chapter, with related Supreme Court guidance on public discourse and a trial stay.
The Chief Justice objected to an NCERT Class 8 chapter on judicial corruption, leading to its removal and highlighting protection of judicial integrity. The Supreme Court emphasised that high constitutional office holders must not target communities and stayed trial proceedings by the Enforcement Directorate against a state chief minister. Separately, the US initiated a preliminary countervailing duty on certain Indian solar imports and the UK introduced mandatory electronic travel authorisations and eVisas, reflecting trade remedy and migration procedural changes.
February 25, 2026
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Two-child disqualification removed for local body elections, while discriminatory disease-based bar deleted and a new economic offences directorate established.
The cabinet introduced amendment bills to remove the statutory bar on persons with more than two children contesting local body elections and approved deleting "leprosy" as a disqualifying disease in municipal election law, while replacing the State Revenue Intelligence Directorate with a Revenue Intelligence and Economic Offences Directorate to investigate and prevent financial crimes, real estate fraud, shell companies, forged documents, illegal encroachments and revenue leakages, and coordinating inputs from tax and sectoral departments.
February 25, 2026
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Countervailing duty on Indian solar imports shocks markets; solar stocks plunge while benchmarks remain volatile.
A US preliminary countervailing duty of about 126 percent was imposed on certain Indian solar imports following allegations of unfair manufacturing subsidies; the announcement triggered a sharp sell-off in solar-sector equities and contributed to volatile trading in broader benchmarks, with analysts and flow data citing trade uncertainty, net foreign outflows, and cautious investor positioning as proximate market drivers.
February 25, 2026
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Indo-US trade deal risks farmers as unilateral US tariff actions leave exports vulnerable; India urged to suspend the agreement.
The Indo-US interim trade deal is criticised as one-sided because US imposition of a high duty on Indian solar module imports shows Indian exports are subject to unilateral executive tariff measures, leaving exporters vulnerable; opposition leaders urge India to put the agreement on hold to protect farmers and reassess safeguards for exporters in light of a judicial finding that such presidential tariffs exceeded lawful authority.
February 25, 2026
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Integrated multimodal infrastructure: four projects evaluated to strengthen connectivity, capacity and last mile linkages under national planning.
The Network Planning Group evaluated four projects for conformity with PM GatiShakti principles of integrated multimodal infrastructure, last mile connectivity and a Whole of Government approach. Two third line railway projects (Jalandhar Cantt-Jammu Tawi and Manikpur-Itarsi) aim to augment rail capacity, resilience and operational throughput on strategic corridors. A Greenfield airport at Doloo, Silchar is proposed to relieve airport capacity constraints and stimulate regional socio economic growth. A Surat Metro extension is proposed as a dedicated feeder link to the Mumbai-Ahmedabad HSR corridor to enable seamless last mile and modal integration.
February 25, 2026
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Smartphone exports become top export category as manufacturing scale and premium device production boost overseas shipments.
Smartphone exports have become the country's leading export category, propelled by expanded domestic production and the manufacture of premium devices for high-value overseas markets. The growth in export value is linked to large-scale, export-oriented manufacturing and is expected to be reinforced by the commencement of new semiconductor production capacity, with market observers noting premium-brand assembly and diversified export destinations as key drivers.
February 25, 2026
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Payment assurance: Bank honoured government principal and interest despite an ongoing fraud investigation and reconciliation caveats.
A branch-level fraud involving forged instruments and payment instructions affecting Government of Haryana departments is under investigation, with preliminary findings indicating possible employee collusion with external parties. Despite the ongoing probe, IDFC FIRST Bank has honored 100% of the principal and interest claimed by the affected departments, subject to final reconciliation and any further claims, and states it is cooperating with law enforcement and regulators under the FEMA / RBI framework.
February 25, 2026
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Fair trade: Germany seeks balanced, regulated economic partnership with China and support for diplomatic resolution in Ukraine.
Germany seeks a fair economic playing field with China by demanding reduced barriers to foreign companies, remedies for systemic overcapacity and export or access restrictions that distort competition, and cooperation to uphold supply-chain stability. The visit also urges Chinese diplomatic assistance to help negotiate a comprehensive, lasting peace in the Russia-Ukraine conflict, linking trade concerns to multilateral crisis resolution.
February 25, 2026
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Countervailing duties on Indian solar imports after preliminary subsidy finding; investigations and anti dumping probes continue.
The United States Department of Commerce issued preliminary affirmative determinations imposing a preliminary countervailing duty on certain Indian crystalline silicon photovoltaic cells and related solar goods, while announcing different preliminary duties on comparable imports from Indonesia and Laos. Commerce noted increased imports of the Indian products, is conducting concurrent anti dumping investigations of solar cells from the three countries, and has scheduled a final determination in the countervailing duty investigations to follow the preliminary findings.
February 25, 2026
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Free trade agreement negotiations between India and GCC launched to deepen trade ties, provide business predictability and boost investment.
A Joint Statement and prior Terms of Reference have initiated negotiations for a comprehensive Free Trade Agreement between India and the GCC to establish a predictable, broad-based trading framework. The Statement emphasises objectives of expanding and diversifying bilateral trade and investment, enhancing market access in identified export and import sectors, and leveraging historical ties and diaspora links. It frames the FTA negotiations as a mechanism to unlock trade potential, strengthen economic integration, and provide predictability for businesses, with specific tariff and regulatory commitments to be determined through negotiations.
February 25, 2026
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Free Trade Agreement negotiations aim to deepen trade and regulatory cooperation between India and Israel.
First round negotiations for an India Israel Free Trade Agreement began under a signed Terms of Reference, with technical sessions on trade in goods and services, rules of origin, sanitary and phytosanitary measures, technical barriers to trade, customs procedures and trade facilitation, and intellectual property rights, aiming to provide certainty to businesses, strengthen supply chains and expand bilateral economic cooperation.
February 25, 2026
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Preferential trade access expands through high quality FTAs, enabling broader market access and stronger export competitiveness.
India has expanded preferential trade access through a series of high quality free trade agreements, advancing negotiations with multiple partners including a Gulf Cooperation Council bloc, Israel, Chile and Canada. The government connects FTAs to export growth-citing increased merchandise trade with partners-and is supporting MSME integration via an Export Promotion Mission that improves credit access, reduces costs and assists with compliance. A four point roadmap directs grassroots FTA dissemination, a focus on quality and standards, value chain upgrading, and development of local export ecosystems through industry-MSME partnerships.
February 24, 2026
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Wheat export permission allows limited shipments while preserving domestic food security and protecting farmer returns through set modalities.
The government authorised limited wheat exports while maintaining a general prohibition, subject to a capped export allocation and forthcoming operational modalities. Wheat flour and related products remain largely prohibited except for a separate limited allowance and government to government food security permissions. The policy is justified by assessed higher private and central stocks, projected central pool availability and increased acreage supported by MSP and procurement, with aims to stabilise domestic prices, prevent distress sales, improve liquidity and allow exports without endangering domestic supply.
February 24, 2026
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Product contamination probe: forensic and food safety testing underway after suspected coolant leak linked to renal harm.
No urea traces were detected in milk linked to deaths and hospitalisations; ethylene glycol contamination and a suspected coolant leak from a freezer are under investigation. Recognised food safety, veterinary and forensic laboratories have received milk, product and environmental samples for phased testing; results will determine whether adulteration or accidental contamination occurred. The implicated dairy unit was sealed, the vendor detained, extensive household screening and blood testing conducted, and law enforcement indicated criminal proceedings will follow based on forensic and post mortem findings.
February 24, 2026
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Free Trade Agreement negotiations to advance India-GCC cooperation in energy, trade and investment and strategic ties.
India and the Gulf Cooperation Council have initiated negotiations for a Free Trade Agreement alongside a Joint Action Plan under a Strategic Dialogue to deepen cooperation in energy, trade and investment, agriculture, security, and people to people ties, positioning the FTA as the central instrument to structure and expand economic relations between India and the six member GCC bloc.
February 24, 2026
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RTI disclosure: numerical figures for sports arms imports must be released following a wrongful commercial-confidentiality refusal under the Act.
A trade department withheld calibre-wise quantities of sports arms imports citing commercial-confidence exemption under the Right to Information, yet admitted possession of the numerical data and failed to justify the exemption's application to mere quantities; the commission required a revised, point-wise reply limited to numerical figures while preserving legitimately exempt material.
February 24, 2026
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Challenge to benami attachment must be brought before statutory Benami Act authorities, not insolvency or company-law forums.
Attachment orders under the Prohibition of Benami Property Transactions Act, 1988 can be challenged only before the statutory authorities and appellate mechanisms provided within that Act; insolvency and company-law fora lack jurisdiction to entertain such challenges and resorting to them to circumvent Benami Act procedures amounts to an abuse of process.
February 24, 2026
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Spectrum auction policy recommends selling all available bands, reclaiming insolvent holders' airwaves, and easing entry to boost competition.
Trai recommends auctioning all available IMT spectrum and reclaiming airwaves from providers in insolvency, lowers networth entry thresholds for new entrants while retaining 2024 eligibility conditions, and proposes a uniform spectrum cap to protect competition without forcing operators to surrender existing holdings. It prescribes auction modalities, standard 20 year charge periods (with special 600 MHz incentives including extended validity, a payment moratorium and delayed rollout), excludes the upper 6 GHz band pending trials, and introduces a coverage for discount scheme with mandatory tower sharing and periodic spectrum revaluation.

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WORLD CLIMATE ACTION LEADERS, CITIZEN GROUPS, CORPORATES TO CONVERGE IN MUMBAI FOR GLOBAL SOUTH'S FIRST MUMBAI CLIMATE WEEK

February 11, 2026

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• Over 100 institutions, 400 speakers including Bill Gates, Hillary Clinton, Union Ministers, International governments, Sachin Tendulkar, Cosmonauts, among those in attendance. • From 17–19 February 2026, Mumbai will host the inaugural Mumbai Climate Week (MCW) MUMBAI, India, Feb. 11, 2026 /PRNewswire/ -- Over three days, the city will become a Global South climate leadership stage, as heads of government, global and Indian business leaders, climate innovators, philanthropies, youth and community voices come together to move from climate dialogue to action. With entry by invitation and registration, but free, climate enthusiasts are expected to attend in the thousands. Citizens can register on www.mumbaiclimateweek.com. MCW will do this through a central hub at the Jio World Convention Centre and a citywide network of campus, community and cultural events that showcase and scale real-world climate solutions. The global conversation on climate is being led by award-winning NGO Project Mumbai and is supported by the Government of Maharashtra, the Environment and Climate Change Department, MMRDA and the Brihanmumbai Municipal Corporation (BMC). It positions Mumbai as a living testbed for climate solutions that can be scaled across India and other Global South cities. Speaking about MCW, Maharashtra Chief Minister Devendra Fadnavis said, "Mumbai Climate Week showcases India's resolve to lead with action on climate, from the city level to the global stage. As Mumbai hosts leaders from across India and the world, including governments, businesses, financiers, experts and young people, we are sending a clear message that Maharashtra is ready to work with all partners to build cleaner, safer and more resilient futures for our citizens and for the Global South." "Mumbai has always been a city of grit and imagination, and Mumbai Climate Week is where that spirit meets the climate crisis at scale. This is India's first citizen-led climate movement at this level, where ministers, businesses and experts share the same space as students, frontline workers and neighbourhood volunteers, and where Mumbai can signal what climate leadership from the Global South really looks like," said Shishir Joshi, CEO & Founder, Project Mumbai and MCW. The week follows a hub-and-spoke model. The three-day central hub at Jio World Convention Centre will host leadership dialogues, thematic tracks, the MCW Innovation Challenge, the Youth Green Innovation Challenge and a solutions exhibition arena. Day 1 at the hub will also feature an Earthshot Prize debut evening focused on nature, food systems and people. Presented exclusively at Mumbai Climate Week, the world's most prestigious and impactful environmental award, The Earthshot Prize founded by HRH Prince William, will bring together global climate innovators, frontline solution-builders from the Global South, and leading voices from across India, to spotlight scalable solutions and inspire mass public engagement with climate action. Spoke events have already begun across campuses, neighbourhoods and cultural institutions, and will continue through MCW, including roadshows, art and media activations, and a Sustainability Mela that takes climate action into everyday spaces. MCW will also feature a special space–themed session where Indian space heroes Rakesh Sharma and astronaut Shubhanshu Shukla, both Ashoka Chakra awardees, interact with school students as well as global leadership on 18 February to link space exploration, science and climate responsibility. MCW is powered by a broad partnership architecture. IDFC FIRST Bank is the Principal Partner. Monitor Deloitte serves as Strategic Knowledge Partner, and Tata Institute of Social Sciences (TISS) and IIT Bombay are Academic Partners. VaartaVaran is MCW's citizen-speak platform, inviting people to share their climate perspectives unfiltered. Through talks, poems, storytelling, song and other creative formats, it brings everyday experiences and emotions around climate into the heart of Mumbai Climate Week. Thematic partners and ecosystem contributors include Eversource Capital, India Climate Collaborative, Shakti Sustainable Energy Foundation and World Resources Institute (WRI) India, along with international networks such as Climate Group and C40, and business and industry platforms including Mahindra Group and Indian Merchants Chamber. YuWaah! by UNICEF is the Youth Engagement Partner. Delegations are expected from over 30 countries, alongside leaders from Union and state governments, multilateral agencies, financial institutions, industry, philanthropy, civil society, academia and youth networks, with MCW's success defined by solutions funded, partnerships formed, policies influenced and communities empowered after the week. Global and national leadership at MCW Mumbai Climate Week will feature an eminent line-up of global and Indian leaders shaping climate action across policy, finance, business and civil society. Confirmed international speakers include Hillary Clinton, Bill Gates, Rajiv Shah, representing The Rockefeller Foundation; Imad Fakhoury, Regional Director, South Asia, International Finance Corporation (IFC), World Bank Group; Amanda Leland, Executive Director, Environmental Defense Fund; and Clarisa De Franco, Senior Advisor, Allied Climate Partners. From India's public sector there is an expected galaxy of leadership in attendance which include Shri Bhupendra Yadav, Union Minister for Environment; Union Minister for Renewable Energy Pralhad Joshi, Minister for External Affairs S. Jaishankar, Chief Minister Devendra Fadnavis, Corporate Affairs Minister Piyush Goyal, among others. Indian leadership including business and finance leaders such as Noel Tata, (Chairman Tata Trusts), V. Vaidyanathan (Managing Director & CEO, IDFC First Bank), Amit Chandra (Managing Director, Bain Capital PE India), Ankur Gupta (Managing Partner, Brookfield Asset Management), Jamshyd Godrej (Chairman and Managing Director, Godrej & Boyce), Nadir Godrej (Managing Director, Godrej Industries), Schneider Electric Global CFO Esther Finidori, UNEP Global Head Martin Krause, UNICEF India head Cynthia McCaffrey, Anjalli Ravi Kumar (Chief Sustainability Officer, Zomato), Pratik Agarwal (Chairman, Serentica Renewables) and Sameer Shisodia (CEO, Rainmatter Foundation) will bring perspectives on capital flows, markets and corporate climate action. The philanthropy and knowledge ecosystem will be represented by Rohini Nilekani (Chairperson, Rohini Nilekani Philanthropies), Soumya Swaminathan (Chair, M. S. Swaminathan Research Foundation), Manoj Kumar (Founding CEO, Naandi Foundation), Satyajit Bhatkal (CEO, Paani Foundation), Mridula Ramesh (Founder, Sundaram Climate Institute), Seema Paul (Program Director, India, Sequoia Climate Foundation), Shishir Sinha (Executive Director, Clean Air Fund), Dr Veena Srinivasan (Director, WELL Labs) and other research and impact leaders. MCW will also see participation from leading voices in Indian cinema who have championed environmental causes, including actor and UN Environment/UN SDG advocate Dia Mirza and actor Bhumi Pednekar, known for her 'Climate Warrior' initiative and work on sustainable lifestyles and the SDGs. Across the three days, plenary sessions on sub-national climate action, future cities and climate finance will bring together Chief Ministers and senior leaders from Indian states, underscoring the role of states and cities in driving net-zero, climate-resilient growth. First Ever Citizen Speakers Corner: Mumbai Climate Week will provide a free speaking opportunity to speakers, especially citizens. Across three days, all those who register on the website, for Varta Varan, will get a free speaking slot. Three pillars and theme partners MCW's programme is structured around three core focus areas that sit at the heart of India's climate and development agenda: food systems, energy transition and urban resilience. The food systems pillar is anchored by India Climate Collaborative (ICC), working with a coalition of leading organisations across agriculture, nutrition, markets and finance. The energy transition pillar is supported by partners such as Shakti Sustainable Energy Foundation, Eversource Capital and ISEG Foundation, alongside sectoral experts and ecosystem collaborators. The urban resilience stream is anchored by WRI India in partnership with the HT Parekh Foundation and India Climate Collaborative as thematic partners. Detailed Agenda: A detailed agenda of all three thematic pillars and session-wise programming is available on the MCW website. https://www.mumbaiclimateweek.com/inside-the-hub/ Innovation, youth leadership and citizen engagement Innovation is a cornerstone of Mumbai Climate Week. The MCW Innovation Challenge, led by the National Stock Exchange of India (NSE) as Innovation Challenge Partner, will invite early-stage and growth-ready innovators from startups, civil society, academia and the wider climate ecosystem to present high-impact solutions across three themes. Marico Innovation Foundation, Social Alpha are supporting the Innovation challenge while Climate Collective Foundation has curated a "Climate Redesign Challenge" contest for innovators. Finalists will receive mentoring and visibility and will pitch live at the MCW hub to policymakers, funders, industry leaders, philanthropies and global climate networks. Children and young people will be at the heart of MCW through a dedicated partnership with UNICEF India and YuWaah, the official Youth Engagement Partner for Mumbai Climate Week 2026. Together with Project Mumbai, they will lead youth engagement throughout January and February via a Campus Roadshow and the Youth Green Innovation Challenge for young changemakers aged 16–24. Youth-led innovations across food systems, urban resilience and energy transition will be showcased during MCW, connecting young people directly with experts, policymakers and funders. Beyond the convention centre, MCW's hub-and-spoke design activated a Sustainability Mela and a range of community experiences, including public talks, film screenings, art and culture events, neighbourhood walks and citizen workshops across Mumbai. These activities are designed to make climate action accessible, inclusive and rooted in everyday life, so that residents from diverse backgrounds can see, shape and participate in solutions. Exhibition Arena: The Hub will also host an Exhibition Arena where startups, companies, universities and NGOs showcase practical climate solutions across the themes. Exhibitors are expected to include groups such as Godrej Group, IDFC FIRST Bank, Mahindra Group, Hindustan Unilever and Mirik Tech, alongside impact-led enterprises and community initiatives, giving MCW participants a chance to see and interact with real prototypes and pilots from India and the wider Global South. The exhibition will be open throughout the three days of MCW, enabling policymakers, investors and citizens to discover solutions, offer feedback and explore opportunities for collaboration and scale. A new kind of climate week for India and the Global South Mumbai Climate Week offers a distinctly Indian and Global South–led model for climate action, rooted in citizen engagement and city-level implementation. It reflects India's resolve to lead with action on climate, as highlighted by state and city leadership in positioning MCW as a maiden, global-level climate summit for February 2026. With its Public–Private–People partnership architecture and hub-and-spoke design, MCW aims to become an annual platform where leaders, communities and partners return each year to track progress, scale successful pilots and co-create the next generation of climate solutions from Mumbai for India and the Global South. About Mumbai Climate Week Scheduled from February 17 to 19, 2026, at the Jio World Convention Centre, Mumbai Climate Week will be more than a three-day event. Its impact will be extended through preparatory activities before and synthesis efforts after the main conference, including workshops, case studies, films, testimonials, and follow-up reports. By mobilizing India's vibrant network of climate-focused organizations and movements, it will highlight the nation's pioneering efforts in climate action while charting a bold path forward. Conceptualised & initiated by Project Mumbai, a citizen-driven non-profit founded in 2018, and, in partnership with Government of Maharashtra's Department of Environment and Climate Change, and supported by Brihanmumbai Municipal Corporation, MCW reflects the vision of a dynamic megacity from the Global South stepping into a role of global climate leadership. About Project Mumbai Project Mumbai, founded in 2018 by a former renowned journalist and social entrepreneur Shishir Joshi, is a pioneering not-for-profit initiative that works as a trusted bridge between citizens, government, and private institutions to co-create solutions for the city's most pressing challenges. With a focus on participatory governance, community engagement, and public service, Project Mumbai has consistently mobilized people and partnerships to deliver impact at scale—from mental health initiatives and waste management drives to urban mobility solutions and disaster relief. Its citizen-centric model has earned recognition nationally and internationally as an example of collaborative problem-solving rooted in transparency, trust, and accountability. Logo: https://mma.prnewswire.com/media/2831726/5737009/MCW_Logo.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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