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February 25, 2026
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PMLA attachment of a residential asset restricts transfer during investigation, pending adjudicating authority confirmation and possible confiscation.
A provisional attachment under the Prevention of Money Laundering Act has been issued against the Reliance Group residential property 'Abode' to prevent its transfer during an investigation into alleged bank loan fraud linked to Reliance Communications; the agency alleges the property was aggregated into a private family trust to disguise involvement and shield assets from liabilities arising from personal guarantees, and the attachment remains subject to confirmation by the PMLA Adjudicating Authority within 180 days, after which confiscation and vacation orders may follow.
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.

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Customs & Trade

ICAR–IIMR and Gourmet Popcornica Collaboration Paves the Way for an Aatmanirbhar Popcorn Maize Ecosystem

February 12, 2026

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Chennai, Tamil Nadu, India (NewsVoir) • Reduced reliance on popcorn imports has saved valuable foreign exchange for the Indian exchequer.

• Scientific cultivation practices, mechanisation, and end-to-end farmer engagement have improved efficiency, yield, kernel quality, and expansion ratios, enhancing farmer prosperity.

The Indian Council of Agricultural Research (ICAR) - Indian Institute of Maize Research (IIMR), in collaboration with Gourmet Popcornica Private Limited, India’s largest popcorn company, is witnessing the successful outcomes of a strategic partnership aimed at strengthening India’s popcorn maize value chain, enhancing farmer incomes, and advancing India’s ambition to become a global hub for high-quality popcorn maize production.

ICAR-IIMR Recognises Gourmet Popcornica for Stellar Contribution Towards Making India aatmanirbhar in Popcorn Maize On ICAR-IIMR’s Founder’s Day on 9th February, 2026, Gourmet Popcornica received an award for its ongoing work with in the popcorn maize ecosystem. The Award recognises staff, progressive farmers and India companies for contribution in the extension and expansion of Maize in India.

The award was presented by Dr Hanuman Sahay Jat – Director of Maize, ICAR-IIMR to Mr. Y Yugandhar - CEO Crop integration, Gourmet Popcornica and Mr. K Mahiadhar Reddy - Director, Gourmet Popcornica.

Luminaries present at the Award Ceremony included the Chief Guest for the event, Vice Chancellor of PAU, Dr. Satbir Singh Gosal, Dr Sian Das (former Director of IIMR), Dr Nachiket Kotwaliwale (Director – ICAR -CIPHET), Dr Ashok Mehta (former Director of ICAR), Dr Sarabjeet Singh (progressive agri machinery entrepreneur) and Mr. O P Choudhary (Senior Soil Scientist, PAU), and other senior scientists from PAU and IIMR.

Over the last decade, India’s popcorn maize market has expanded from 50,000 tonnes to over 130,000 tonnes. This growth has been largely driven by the successful development and domestication of high-expansion popcorn maize cultivation. Earlier, nearly 100 percent of the popcorn consumed in India was imported. Today, domestic production accounts for nearly 65 percent of the market, significantly reducing reliance on imports and creating a new and sustainable income stream for Indian farmers.

Over the past five years, ICAR-IIMR’s scientific and agronomic expertise, combined with Gourmet Popcornica’s decade-long experience in large-scale high-expansion popcorn maize cultivation, has strengthened specialised value chains such as popcorn maize. This collaboration demonstrates the importance of science-led partnerships in diversifying farmer incomes and reducing import dependence.

The partnership formally began in February 2021 with the signing of agreements for IIMR-bred popcorn hybrid’s, reflecting ICAR-IIMR’s commitment to translating agricultural science into tangible economic outcomes for farmers. Over the last four years, with the guidance of ICAR-IIMR scientists and its own breeding team, Gourmet Popcornica has developed new hybrids with high yield, high popping and resistance to diseases/ pests. The partnership aligns with national priorities under Atmanirbhar Bharat, promoting rural livelihoods, value-added agriculture, and export readiness.

What began as an effort to produce world-class popcorn in India has now evolved into a national opportunity. With ICAR–IIMR’s research excellence and Gourmet Popcornica’s on-ground operational strength, India is poised not only to meet domestic demand but also can emerge as a trusted exporter of premium-quality popcorn maize. The long-term objective is to position India as a net exporter of premium popcorn maize to key Asian markets.

Currently, Gourmet Popcornica works closely with over 17,500 farmers and cultivates popcorn maize across more than 36,000 acres in nine states across India. Through structured contract farming, capacity-building programmes, sustainable packaging initiatives, and responsible sourcing practices, the company ensures product integrity, supply reliability, and measurable farmer impact.

With a vision to become India’s most trusted gourmet popcorn brand, Gourmet Popcornica is fostering a vibrant, aatmanirbhar ecosystem where farmers prosper, institutions excel, and consumers enjoy high-quality popcorn experiences rooted in sustainability and innovation by the support of ICAR-IIMR .

About Indian Council of Agricultural Research (ICAR) The Indian Council of Agricultural Research (ICAR), based in New Delhi, is the apex body for coordinating, guiding, and managing research and education in agriculture and allied sciences in India. It manages research and education in agriculture, horticulture, and fisheries in India. Established in 1929, ICAR operates 113 institutes and 74 universities, playing a key role in the Green Revolution and enhancing food security through scientific advancements.

For more information, visit icar.org.in.

About Gourmet Popcornica Gourmet Popcornica is a Chennai-based agri-to-consumer company building India’s popcorn value chain - from hybrid seed and farmer partnerships to kernel processing, storage, cinema supply and branded retail products. It is the number one producer of popcorn maize in India and the fourth largest in the world. Founded in 2014, Gourmet Popcornica combines global popcorn know-how with local cultivation to deliver consistent, high-quality kernels and ready-to-eat gourmet popcorn for cinemas, foodservice, retail and e-commerce.

Working closely with 17,500 farmers, Gourmet Popcornica currently cultivates over 36,000 acres of popcorn maize, across five states in India. The company prioritises product integrity, supply reliability and farmer impact through contract farming and capacity-building programmes and pursues sustainable packaging and responsible sourcing across its operations.

With a vision to be India’s most trusted gourmet popcorn brand, Gourmet Popcornica is creating a vibrant, aatmanirbhar ecosystem where farmers prosper, institutions excel, and consumers everywhere enjoy unforgettable, high-quality popcorn experiences, rooted in sustainability and innovation.

For more information, visit gourmetpopcornica.in.

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

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