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February 17, 2026
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People's budget shaped by public suggestions to advance development priorities while maintaining fiscal discipline in state finances.
The upcoming state budget is characterized as a people's budget shaped by public suggestions, with over twelve thousand submissions and several thousand to be incorporated. It follows prior budget commitments-248 announcements with seventy-seven implemented and most others near completion-and is presented against strengthened fiscal metrics: rising GDP and per capita income, increased own revenue, broad departmental expenditure, fiscal deficit within FRBM limits, and a higher central tax share under the 16th Finance Commission. Socio economic gains cited include employment growth, expanded higher education, MSME formalisation, and export increases.
February 17, 2026
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Trade deal protections for farmers: government assures imports will be allowed only where farmer interests are safeguarded.
The minister stated the interim India-US trade agreement includes safeguards to prevent harm to farmers while allowing necessary imports to address domestic shortages; he defended policy choices on MSP orientation, procurement and buffer stocks as central to protecting farmer interests, and announced Bharat-VISTAAR, an AI-based platform to deliver market prices, crop advice, weather updates and scheme information to enhance farmer welfare and transparency.
February 17, 2026
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PMLA bail conditions prevent release where alleged large-scale fund diversion, multiple FIRs and risk of evidence tampering exist.
Denial of regular bail under the Prevention of Money Laundering Act followed allegations that the accused diverted homebuyer funds, leaving major construction incomplete; investigative records and account certifications showed a large shortfall between amounts collected and expenditure, and the accused was named in multiple FIRs and charge-sheets. The court found a strong possibility of reoffending or tampering with evidence if released and held that the PMLA twin bail conditions-opportunity for the prosecutor to oppose bail and judicial satisfaction of non-guilt and non-recidivism-were not satisfied.
February 17, 2026
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Secured shareholding: Byju's stake in Aakash to remain secured pending NCLAT disposal; TLPL allowed to subscribe.
Aakash undertook in the Supreme Court that Byju's shareholding in Aakash shall remain secured until disposal of the interlocutory application before the NCLAT; the Court recorded that undertaking and gave Byju's parent a limited period to subscribe to the second tranche of the rights issue. The dispute arises from TLPL's challenge to the rights issue amid TLPL's insolvency proceedings, and the NCLAT has permitted TLPL to apply for shares up to its original entitlement while restraining Aakash from taking matters requiring a special resolution until the dispute is adjudicated.
February 17, 2026
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Reporting requirement for local-currency foreign exchange derivatives now covers related-party global transactions; stakeholders invited to comment.
The Reserve Bank proposes draft Directions requiring Authorised Dealer Category - I banks to report foreign exchange derivative transactions involving the Indian currency undertaken by their related parties globally, extending trade repository coverage to offshore rupee derivative flows to enhance market transparency and pricing. The measure builds on earlier requirements for market-makers, primary dealers, and banks to report OTC and rupee interest-rate derivatives, and is published for stakeholder consultation with specified submission procedures.
February 17, 2026
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Customs digitisation shortens clearance times, enabling asset-backed logistics expansion aligned with infrastructure-focused trade reforms.
Union Budget emphasis on multimodal freight connectivity and customs modernisation is expected to reduce structural logistics costs and improve transit predictability. Glottis Logistics will invest in trailers and container assets to increase owned capacity, reduce third-party dependence and strengthen execution across trade corridors. Concurrent customs digitisation measures-electronic cargo sealing, non-intrusive inspections and extended duty deferment for authorised operators-aim to shorten clearance times and ease working capital pressures, making asset-backed operators with disciplined capital allocation better positioned to capture long-term trade competitiveness gains.
February 17, 2026
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Draft directions on foreign exchange dealings invite public comment to broaden authorised dealers' flexibility in products, risk management and platforms.
The Reserve Bank has issued draft Directions on Foreign Exchange Dealings of Authorised Persons and invited stakeholder comments. The draft seeks to refine regulation by expanding facilities and operational flexibility available to authorised dealers, focusing on foreign exchange products, risk management and trading platforms. It forms part of regulatory updates announced in the recent Statement on Developmental and Regulatory Policies, and specifies submission channels for public feedback.
February 17, 2026
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Health insurance co-payment options enhance CGHS beneficiary coverage with cashless hospitalization access and flexible network choices.
Paripoorna Mediclaim Ayush Bima is an optional indemnity-based in patient hospitalization policy exclusively for CGHS beneficiaries, coverable up to six members per policy. The product offers selectable co-payment sharing ratios between insurer and subscriber, cashless treatment through insurer and Third Party Administrator networks, and is promoted as a retail complement to existing CGHS benefits with a GST exemption to improve affordability.
February 17, 2026
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Economic security tied to self-reliance and trusted partners as trade deals reshape export controls and supply chains.
India is intensifying engagement from a position of strength, using recent trade agreements to strengthen economic security through self reliance, trusted partners, supply chain diversification and de risking in response to weaponised production, tightened export controls, market leverage and tariff induced demand uncertainty.
February 17, 2026
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Financial performance: Axis Max Life posts strong premium and profitability growth, boosting market share and new business margins.
Axis Max Life's 9M FY26 results show 20% YoY growth in Individual Adjusted First Year Premium to Rs. 6,396 crores and a 30% YoY increase in Value of New Business to Rs. 1,633 crores, with New Business Margin at 23.6% and private market share rising by 53 basis points to 9.8%; renewal premium, gross written premium, Embedded Value and Assets Under Management also registered double digit growth, while the release includes a standard disclaimer on forward looking statements and investment reliance.
February 17, 2026
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Money laundering probe: Tina Ambani skips ED summons; investigation targets alleged fraudulent foreign remittance and property sale.
Tina Ambani failed to appear for a second ED summons in a PMLA investigation concerning an alleged money trail tied to a Manhattan condominium purchase; she has been issued a fresh notice and will be questioned with her statement recorded under the Prevention of Money Laundering Act. The ED alleges a fraudulent sale of the New York property during a corporate insolvency process and that sale proceeds were remitted via a sham investment arrangement through a Dubai-based entity without the Resolution Professional's knowledge. The agency has arrested a former executive, formed a Special Investigation Team, attached assets, and filed multiple Enforcement Case Information Reports against group companies.
February 17, 2026
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Goods and Services Tax expansion lifted revenues and IGST settlements, backed by tech-driven compliance and targeted small-taxpayer measures.
GST receipts in the Union Territory rose steadily over three years, with concurrent IGST settlements from the Centre reflecting the destination-based tax design. The unified Goods and Services Tax (GST) regime and technology-enabled compliance (online registration, return filing, refunds, e-way bills) strengthened tax administration and widened the tax base. Administrative measures-Composition Scheme, quarterly returns, QRMP and district Suvidha Kendras-aim to ease compliance for small taxpayers, while sector-specific rate rationalisation and concessional inputs support handicrafts, horticulture and tourism. Remaining issues for small and unorganised producers include compliance burdens and IGST refund delays, which authorities are addressing through simplification and support.
February 17, 2026
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Exports growth drives trade expansion with larger services surplus despite a widening merchandise trade deficit in estimates.
India's combined merchandise and services exports for April-January 2025-26 are estimated at US$ 720.76 billion, up year on year, while combined imports are estimated at US$ 823.41 billion, producing a wider trade deficit; merchandise exports were US$ 366.63 billion and non petroleum exports US$ 320.94 billion, with services exports driving a services surplus of US$ 180.58 billion for the period.
February 17, 2026
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Vote on account authorizes provisional state expenditures to maintain services pending a full election year budget.
An interim state budget was presented seeking a vote on account to authorize provisional expenditures for the initial months of the 2026-27 financial year, enabling continuity of government services pending a full budget. The finance minister framed the vote on account alongside reported strong GDP expansion and rising per capita income to contextualize fiscal planning in the election year.
February 17, 2026
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Fiscal consolidation emphasized as interim budget pledges targeted social and transport allocations while alleging central fiscal bias.
Interim Budget 2026-27 allocates major sums to social security and transport-including a fare free bus travel scheme for women, student bus fares, diesel subsidy, and a Viability Gap Fund-while reporting a large revenue deficit and projecting a Fiscal Deficit targeted to reduce to three percent of GSDP. The estimates set out planned borrowings and repayments as part of debt management. The Minister alleged central actions have intensified Tamil Nadu's fiscal stress, criticised the 16th Finance Commission's recommendations, and urged central approval for pending metro projects.
February 17, 2026
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Tariff reduction and FTA negotiations signal strengthened trade engagement and strategic economic diplomacy to secure market access.
India is intensifying economic engagement to secure market access through negotiated tariff reductions and the conclusion of substantive negotiations on a proposed free trade agreement, while responding to global shifts that include the use of export controls, market leverage and other measures as instruments of state economic policy.
February 16, 2026
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Tariffs on Indian goods and ongoing trade agreement adjustments affect export competitiveness and sectoral trade flows.
India's merchandise exports rose slightly while the trade deficit widened as imports-notably gold and silver-surged; sectoral exports were mixed and services exports increased. The piece stresses the disruptive impact of steep tariffs on labour intensive outbound shipments and notes partial tariff removals with further reductions conditioned on a trade agreement. Industry called for a dedicated MSME export policy and a Special Interest Package Scheme to address borrowing cost inconsistencies and support exporters.
February 16, 2026
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Money laundering inquiry under PMLA prompts summons to Tina Ambani over alleged foreign property transaction and remittance.
Summons under the PMLA require Tina Ambani to appear for questioning and have her statement recorded in a money laundering probe concerning an allegedly fraudulent sale of a foreign condominium during a corporate insolvency resolution process and subsequent remittances routed through a sham investment arrangement; the agency has arrested a former company executive, formed a special investigation team, attached significant assets, and filed multiple ECIRs against group companies.
February 16, 2026
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Sovereignty in trade agreements: interim India US deal alleged to compromise farmers' livelihoods and national energy security.
The interim India-US trade agreement is alleged to compromise national sovereignty by requiring India to open its agricultural market to duty free US products, remove non tariff trade barriers, and make concessions on subsidies and GM crops, thereby threatening farmer livelihoods, biodiversity and seed purity. The deal is also claimed to jeopardise energy security by obliging India to refrain from buying crude oil from Russia and permitting US monitoring and penalty threats, while raising concerns about digital autonomy and data privacy.
February 16, 2026
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Interim trade agreement: reciprocal tariff reductions and mutual duty concessions to be finalised through legal text.
An Indian negotiating team will visit the US to translate a previously announced framework into a signed interim trade agreement legal text. Ongoing virtual talks will be advanced to resolve drafting intricacies; tariff and preferential market access measures agreed in the framework will take effect only after the legal agreement is finalised and signed. The discussions cover reciprocal duty concessions, including a US processing of a reciprocal tariff reduction and the sequencing of implementation tied to signature of the legal pact.

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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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