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February 27, 2026
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Political accountability: Opposition criticised for AI Summit protest, while government affirms focus on national development and institutional strengthening.
Prime Minister Narendra Modi criticised the opposition for a shirtless protest at an AI summit as evidence of its decline, emphasising that the government will continue its development agenda. He argued that an opposition's democratic role is to offer alternatives rather than reflexive opposition, cited millennials and Gen Z voter shifts as eroding the opposition's support, and linked recent trade deals to strengthened national institutions and reclaimed capability.
February 27, 2026
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Border management measures: intensified vigilance and financial scrutiny to prevent illegal migration and secure identity records.
Directives mandate intensified vigilance, inter-agency coordination and stricter financial scrutiny in India-Nepal border districts to counter illegal migration. Authorities will verify reported migrants and death cases, update or delete identity records upon confirmation, and conduct door-to-door verification while safeguarding genuine voters. A zero-tolerance stance on illegal construction and encroachments is paired with verification of business financing. District magistrates must ensure bank compliance with RBI reporting and PAN linkage, and sub-registrar offices face accountability for defective reporting of high-value property transactions.
February 27, 2026
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GST reform underscores tax policy's role in inclusive sustainable development and strengthening cooperative federalism and accountability.
Tax policy is described as the foundation for mobilising resources and promoting inclusive, sustainable development through an equitable tax framework. Goods and Services Tax is identified as a historic unifying reform that simplifies the indirect tax regime, strengthens cooperative federal relations, and aligns taxation with trust, accountability and welfare oriented objectives to promote production and shared prosperity.
February 27, 2026
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Creditor-driven decision-making upheld: courts must limit review to statutory confines to preserve insolvency speed and finality.
The IBC privileges creditor-driven decision-making, speed and certainty by confining judicial review to narrow statutory compliance, thereby protecting commercial choices of the Committee of Creditors as matters of commercial wisdom. Expansive judicial scrutiny is value-destructive-lengthening timelines, raising transaction costs, encouraging strategic litigation and undermining predictability and finality-so respect for statutory limits preserves timely reorganisation of viable firms and swift exit of non-viable businesses.
February 27, 2026
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Rupee depreciation driven by foreign outflows and rising oil prices puts pressure on currency and equity markets.
Rupee declined against the US dollar due to large foreign fund outflows, higher global crude oil prices and weakening domestic equity markets; foreign institutional investors sold heavily and forex reserves fell in the reporting week, even as a GDP calculation revision raised the growth estimate, highlighting resilience amid external pressures.
February 27, 2026
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Fugitive economic offender arrested abroad; extradition sought under Fugitive Economic Offenders Act and PMLA measures.
A fugitive alleged to have run an extensive investment fraud was arrested in Dubai after an Interpol Red Notice; the Enforcement Directorate submitted an extradition request and dossier through the Ministry of External Affairs citing a prior declaration under the Fugitive Economic Offenders Act and ongoing PMLA investigations. ED actions include filing two chargesheets, arresting associates, attaching assets, and securing court-ordered confiscation, while coordinating with UAE authorities to effect provisional arrest and repatriation for prosecution.
February 27, 2026
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Base year revision updates GDP measurement using new data and methods to better capture household and digital economy activity.
The government implemented a revised national accounts series with a new base year revision to update GDP measurement using contemporary data sources and methods. The revision addresses pandemic and tax system disruptions, will be extended into back series under the new methodology, and incorporates administrative and survey data to improve household sector measurement, private corporate allocation and new economy sectors, plus methodological shifts such as segregation of multi activity corporations and adoption of double deflation where appropriate.
February 27, 2026
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Prima-facie evidence assessment dictates whether complex corruption prosecutions can be sustained on available investigative material.
Prima-facie assessment of available evidence was central to the judge's review of the excise-policy prosecution: the court found the prosecution's material lacked concrete proof and relied on conjecture, and accordingly declined to sustain charges against the accused. The judge's prior decisions emphasize insistence on statutory preconditions for money laundering allegations and close scrutiny of magistrate and summons orders.
February 27, 2026
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Priority sector credit projections guide bank annual plans, prioritising agriculture, MSME lending and rural infrastructure financing.
Projection of priority sector credit potential quantifies exploitable lending needs across agriculture, MSME and other priority segments for the State, with agriculture accounting for the largest share and MSME receiving substantial allocation. Component estimates include crop and term loans, ancillary activities, housing, education, export credit, social infrastructure, renewable energy and agri infrastructure. The assessment is a consultative planning tool to guide banks' Annual Credit Plans and district credit strategies, signalling increased credit absorption capacity and alignment with sectoral priorities and infrastructure requirements to support rural resilience and enterprise development.
February 27, 2026
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Foreign influence allegations challenge political credibility as historic funding and security ties are used to rebut trade criticism.
Allegations claim the Congress accepted funds from the CIA and KGB during Indira Gandhi's tenure, producing policy effects such as an exchange-rate adjustment favoring Soviet imports and the decision not to pursue a proposed covert operation against a foreign nuclear facility; these claims are presented to rebut current criticisms of an interim bilateral trade framework by portraying past governance as compromised by foreign influence.
February 27, 2026
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GDP growth projection revised upward; nominal growth strong and economy expected to expand markedly next fiscal year.
GDP growth for the next fiscal year has been revised upward and nominal GDP outlook strengthened, with officials forecasting the economy will cross the four trillion dollar threshold. The upward revision follows a national accounts base-year update to 2022-23 that integrates new data sources and methodological changes to reflect structural shifts, and it alters nominal GDP levels with consequential effects on fiscal-deficit ratios while leaving key fiscal indicators like primary and revenue deficits and capital expenditure ratios broadly unchanged.
February 27, 2026
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GDP calculation revamp raises official growth estimate and restructures sectoral measurement, affecting fiscal and policy benchmarks.
A methodological overhaul adopting a 2022-23 base year revises GDP computation by introducing double deflation for manufacturing and agriculture, replacing single deflation, and shifting household estimation to regular surveys. The new series integrates administrative sources (GST, PFMS, vehicle data) to better capture informal and fast growing sectors, producing upward revisions to headline real and nominal growth rates, altering sectoral contributions-notably manufacturing and services-and changing fiscal deficit and policy benchmarks that require recalibration of prior forecasts.
February 27, 2026
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Money laundering probe under PMLA progresses as ED seeks statements and attaches assets amid linked bank fraud allegations.
PMLA investigation alleges bank loan fraud by group companies; the ED sought to record the principal individual's statement in a Yes Bank-linked money laundering case but he did not appear and his spouse sought adjournment. The ED has previously questioned the individual, conducted extended interrogation, attached a Mumbai residence under anti-money laundering law, filed multiple money laundering cases against group entities, and formed a Special Investigation Team to probe related instances. A parallel agency registered a fresh criminal case and conducted searches concerning alleged cheating of a public sector bank.
February 27, 2026
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Base-year revision of GDP raises growth estimates and updates methodology using tax and administrative data.
The national accounts have been rebased to 2022-23 and revised by incorporating GST, PFMS and vehicular-registration data to refine GDP measurement. The methodology now uses double deflation for manufacturing and agriculture, more granular deflators elsewhere, and compiles household-sector levels from annual enterprise and labour-force surveys instead of inter-survey proxies, producing revised quarterly and annual real and nominal GDP estimates and altered growth profiles across recent periods.
February 27, 2026
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Foreign exchange reserves dip, driven by declines in currency assets, gold holdings, SDRs and IMF reserve position.
India's foreign exchange reserves fell by USD 2.119 billion for the week ended February 20, lowering total reserves to USD 723.608 billion. The decline was driven by decreases in foreign currency assets (down USD 1.039 billion to USD 572.564 billion), gold reserves (down USD 977 million to USD 127.489 billion), Special Drawing Rights (down USD 84 million to USD 18.84 billion), and the reserve position with the IMF (down USD 18 million to USD 4.716 billion).
February 27, 2026
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Fiscal receipts and expenditure review reports major tax receipts, state tax devolution and primary outlays through January.
Consolidated monthly accounts to January 2026 report Centre receipts at 79.5% of revised estimates-mainly Tax Revenue with Non Tax and Non Debt Capital Receipts-and an increased transfer to States as Devolution of Share of Taxes. Total expenditure is 74.3% of estimates, split between Revenue and Capital Expenditure, with Interest Payments and Major Subsidies forming the principal components of Revenue Expenditure.
February 27, 2026
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DTAA narrowing prompts NRIs to move from traditional offshore structures to IFSCA regulated Gift City USD fund structures.
Tightening of treaty shopping rules under foreign exchange regulation, expanded beneficial ownership disclosure and increased tax authority scrutiny have eroded the cost benefit of Singapore and Mauritius structures, prompting NRIs to consider IFSCA regulated Gift City USD denominated funds. Gift City offers open ended equity funds, Category II AIFs with multi year lock ins and Category III AIFs for active equity strategies; advisers emphasise modelling embedded gains, consulting tax advisors on DTAA applicability, and assessing currency risk, liquidity profiles and the distinction between MOIC and IRR before restructuring.
February 27, 2026
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Pre-trial detention under the PMLA risks indefinite incarceration unless predicate offences and proceeds are judicially established.
The PMLA should not be deployed to permit coercive arrest and prolonged pre-trial detention based on provisional allegations before the foundational facts of the predicate offence and the status of alleged proceeds of crime are judicially established; provisional attachment may be justified to preserve investigation, but arrest and onerous bail conditions must not operate mechanically absent a crystallised, judicially cognisable predicate offence, and statutory powers must be harmonised with constitutional safeguards protecting personal liberty.
February 27, 2026
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Tariff rebalancing: joint statement allows modification of commitments if tariff changes affect the bilateral trade pact.
The joint statement accompanying the interim bilateral trade agreement provides for tariff rebalancing, permitting either party to modify its commitments if the other changes agreed tariff measures, thereby preserving reciprocal balance. This mechanism functions as an operative safeguard to adjust negotiated tariff concessions in response to unilateral tariff actions while the parties finalise the legal text.
February 27, 2026
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Basic salary threshold changes require employers to restructure pay and update payroll systems under new laws.
New labour codes and the Income Tax Act 2025 require employers to reconfigure compensation structures so Basic Pay meets the prescribed threshold, increasing provident fund, social security, gratuity and leave liabilities; update payroll systems and TDS reporting to new rules and forms; effect prompt final wage settlement on separation via automated HRMS workflows; maintain fully digitized statutory records for real time inspections; and extend proportionate statutory benefits to fixed term employees, prompting reassessment of project and seasonal workforce liabilities.

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Merck Foundation and African first Ladies mark International Day of Girls & Women in Science by empowering women in STEM and supporting girl education

February 11, 2026

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Mumbai, Maharashtra, India & Banjul, The Gambia – Business Wire India • Merck Foundation provided 1195 scholarships to women healthcare providers to empower women in science - International Day of Girls & Women in Science 2026 • Dr. Rasha Kelej, Merck Foundation CEO, together with The First Ladies of Africa, mark ‘International Day of Girls & Women in Science 2026’ through their ‘Scholarship Program’, ‘MARS Awards’, and ‘Educating Linda’ Program Merck Foundation, the philanthropic arm of Merck KGaA Germany, marks ‘International Day of Girls and Women in Science 2026’ together with the First Ladies of Africa, and partners including African Ministries of Health, Education, Gender & Information, and Academia through their “Scholarship Program” and “MARS Awards”. Senator, Dr. Rasha Kelej (Ret.), CEO of Merck Foundation emphasized, “As we mark the International Day of Girls and Women in Science 2026, we reaffirm Merck Foundation’s strong commitment to empowering women in science and technology through our “Scholarship Program”, as a part of which we provide specialized medical scholarships to African women healthcare providers, and through the “MARS Awards”, through which we recognize and empower outstanding women scientists in STEM.” Merck Foundation has provided more than 2,500 scholarships to healthcare professionals from 52 countries across 44 critical and underserved medical specialties, and nearly 1,200 scholarships have been provided to women medical graduates. “I am proud that nearly 50% of our total 2500+ scholarships have been provided to women healthcare providers. This is a significant achievement toward reducing the gender gap in science and strengthening women’s leadership in STEM, as while women have made remarkable progress globally, they remain significantly underrepresented in scientific and technological fields. At Merck Foundation, we work every day to bridge this gap,” added Dr. Rasha Kelej. Merck Foundation annually launches their MARS Awards to encourage and recognize ‘Best African Women Researchers’ and 'Best Young African Researcher’. The aim of MARS Awards is to empower women and young African researchers, advance their research capacity, and promote their contribution to STEM (Science, Technology, Engineering, and Mathematics). Merck Foundation has celebrated more than 90 winners so far. Recently, Merck Foundation CEO hosted the virtual Award Ceremony together with their partners Africa Reproductive Care Society – ARCS and Manipal University to recognize African Researchers for their valuable research work and contribution to empowering women and youth in STEM in Africa, with special focus on ‘The Role of Scientific Research in Women Health and Reproductive & Fertility Care’. She also announced the Call for Applications for MARS Awards 2026. Watch Merck Foundation Africa Research Summit MARS 2025 Award Ceremony video here: https://www.youtube.com/live/RtIiZp-amrM Apply for MARS Awards 2026: https://merck-foundation.com/Merck-Foundation-Africa-Research-Summit-Application-Form Merck Foundation strongly believes that Education is one of the most critical areas of women empowerment and serves as the base and key factor in driving an impactful change. “As a part of our Educating Linda program, together with my dear sisters, the First Ladies of Africa, we have year to date provided more than 1200 annual scholarships to deserving yet underprivileged African schoolgirls from 19 countries, enabling them to complete their education and reach their full potential,” shared Dr. Kelej. Moreover, Merck Foundation is raising awareness about the importance of supporting girls’ education through a range of creative initiatives, including inspiring children’s storybooks, animation films, awareness songs, and dedicated episodes on this theme through their Our Africa by Merck Foundation TV program. Watch episodes of Our Africa, focusing on Supporting Girl Education: Episode 2: https://www.youtube.com/watch?v=g5wpzOr22l0 Episode 11: https://www.youtube.com/watch?v=jGz6yNSik7g Episode 14: https://www.youtube.com/watch?v=QjwRnP-Zi60&feature=youtu.be Read Educating Linda Storybook here: https://merck-foundation.com/flipbook-proxy/digital_library/1623068469_6affa28d861b48da41cf.pdf# Watch Merck Foundation Animation Films on supporting girl education: • Jackeline’s Rescue: https://youtu.be/It1D-XEUjeY • Ride Into the Future: https://youtu.be/Piz_6Ob68mI Listen to Merck Foundation songs to support women empowerment and girl education: 1. Watch, share & subscribe “Girls Can” song here, sung by Cwesi Oteng from Ghana and Irene Logan from Liberia: https://youtu.be/6LP92vAWYgs 2. Watch, share & subscribe the “Like Them” song here, sung by Kenneth, a famous singer from Uganda: https://www.youtube.com/watch?v=jCo52vtz3Q0 3. Watch, share & subscribe “Take me to School” song here, sung by Wezi, Afro-soul singer from Zambia, to support girls’ education: https://www.youtube.com/watch?v=rWcujLMbKSg 4. Watch share & subscribe “Tu Podes Sim” Portuguese song, which means “Yes, You Can” in English by Blaze and Tamyris Moiane, singers from Mozambique, in English here: https://youtu.be/BGWR2S-mxl4 5. Watch, share & subscribe “ABC, 123” by Sean K from Namibia song here: https://youtu.be/4Z2i4Wh-bpk 6. Watch, share & subscribe “Brighter day” song by Sean K and Cwesi Oteng from Namibia and Ghana respectively: https://www.youtube.com/watch?v=I3_C4uyFuZk 7. Watch and share “Superwoman Song” by singers Cwezi and Adina from Ghana here: https://www.youtube.com/watch?v=NQ6ZprqAAJs Click the link below to Download Merck Foundation App https://www.merck-foundation.com/MF_StoreRedirection Join the conversation on our social media platforms below and let your voice be heard Facebook: Merck Foundation X: @MerckFoundation YouTube: MerckFoundation Instagram: Merck Foundation Threads: Merck Foundation Flickr: Merck Foundation Website: www.merckfoundation.com About Merck Foundation The Merck Foundation, established in 2017, is the philanthropic arm of Merck KGaA Germany, aims to improve the health and wellbeing of people and advance their lives through science and technology. Our efforts are primarily focused on improving access to quality & equitable healthcare solutions in underserved communities, building healthcare & scientific research capacity, empowering girls in education, and empowering people in STEM (Science, Technology, Engineering, and Mathematics) with a special focus on women and youth. All Merck Foundation press releases are distributed by e-mail at the same time they become available on the Merck Foundation Website. Please visit www.merck-foundation.com to read more. Follow the social media of Merck Foundation: Facebook, X, Instagram, YouTube, Threads, and Flickr. The Merck Foundation is dedicated to improving social and health outcomes for communities in need. While it collaborates with various partners, including governments, to achieve its humanitarian goals, the foundation remains strictly neutral in political matters. It does not engage in or support any political activities, elections, or regimes, focusing solely on its mission to elevate humanity and enhance well-being while maintaining a strict non-political stance in all of its endeavors. To View The Image, Click On The Link Below: Merck Foundation CEO marks International Day of Girls and Women in Science 2026 (Disclaimer: The above press release comes to you under an arrangement with Business Wire India and PTI takes no editorial responsibility for the same.). PTI

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