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February 21, 2026
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Executive emergency tariff authority limited, prompting administration to pursue alternative statutory bases for imposing tariffs.
The Supreme Court concluded that the Constitution vests the taxing power in Congress and that the emergency statute invoked by the Executive does not authorize imposition of tariffs as revenue measures, constraining executive emergency tariff authority; the administration plans to rely on alternative statutory bases to replace the invalidated tariffs.
February 21, 2026
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Tariff policy remains central as the India trade arrangement continues despite judicial limits on tariff authority.
President Trump stated the bilateral trade arrangement with India remains in effect after the Supreme Court invalidated his broad tariffs, noting an Executive Order rescinded punitive tariffs on Indian oil imports from Russia and an Interim Agreement framework reduces reciprocal U.S. tariff treatment toward India while maintaining tariffs on Indian imports under the new terms; he framed tariffs as leverage for energy-sourcing commitments and de-escalation between India and Pakistan.
February 21, 2026
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IEEPA authority rejected, limiting tariff powers while administration decries the decision and cites geopolitical effects.
The Supreme Court held that the International Emergency Economic Powers Act does not authorize imposition of duties, constraining executive authority to impose tariffs under national emergencies; the President criticized the ruling and reiterated that tariffs were used as a foreign policy tool to end hostilities between India and Pakistan, a claim denied by India which attributes cessation to direct military talks.
February 21, 2026
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Global tariff authority challenged after court invalidated emergency-use tariffs; president plans executive-order, time-limited alternative.
A judicial body invalidated a broad presidential program of global tariffs as an unlawful exercise of emergency power, eliminating the administration's primary emergency-based mechanism for imposing unilateral worldwide duties. The president announced intent to use an alternative statutory authority via executive order that would impose time-limited tariffs restricted to 150 days, signaling a shift to a different administrative vehicle for trade measures.
February 21, 2026
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Emergency powers invalidation limits executive authority to impose unilateral tariffs, nullifying sweeping reciprocal import duties.
The executive's imposition of sweeping "reciprocal" import duties under a claimed emergency powers statute was found unlawful; the tariffs were invalidated because setting import duties required clear congressional authorization rather than unilateral emergency proclamations, signaling a legal limit on executive authority to alter statutory tariff schemes by emergency declaration.
February 21, 2026
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Judicial review of emergency tariff powers restores congressional tariff authority, affecting recently announced India-US trade concessions.
The US Supreme Court struck down President Trump's global tariffs imposed under emergency powers, finding tariff authority lies with Congress, thereby removing the legal basis for those sweeping reciprocal tariffs. Indian opposition leaders contend that a recently announced India-US trade framework contained concessions extracted while the tariffs were assumed valid, and they seek clarity on whether those commitments-covering tariff eliminations, import targets, energy sourcing, and non tariff barrier commitments-will persist or be revisited following the judgment.
February 20, 2026
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IEEPA authority invalidated - certain IEEPA based tariffs now refundable to importers who directly paid them.
IEEPA based tariffs were deemed impermissible, allowing refunds only to US importers of record or consignees who directly paid tariffs. Eligible tariffs include IEEPA imposed levies commonly termed fentanyl, trafficking, reciprocal or baseline tariffs, including certain tariffs on goods from Brazil and India. Refunds exclude duties imposed under other statutory authorities such as anti dumping, countervailing, trade remedy or national security provisions. The administrative procedure and timing for claims remain uncertain pending further court and executive guidance.
February 20, 2026
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Presidential emergency powers limited: IEEPA cannot be used to impose broad import tariffs, leaving refund questions open.
The Supreme Court concluded that the International Emergency Economic Powers Act does not authorize the president to impose broad import tariffs, stressing that authority to levy taxes and tariffs rests with Congress and that longstanding practice shows such power has not been exercised under IEEPA. The opinion invalidates tariffs enacted under emergency proclamations while leaving untouched tariffs based on other statutory grounds, and it leaves unresolved whether and how refunds should be returned to importers who paid the challenged levies.
February 20, 2026
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Presidential emergency tariff power invalidated, forcing alternative legal routes and prolonging trade and political uncertainty.
The Court held the president lacked authority to declare an economic emergency and impose sweeping import tariffs, removing an executive legal basis for those tariffs and forcing the administration to pursue alternative statutory mechanisms, which will prolong legal and political debate over trade policy.
February 20, 2026
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IEEPA authority curtailed: major emergency based tariffs invalidated, leaving sectoral trade measures and exemptions intact.
The President exceeded statutory authority by invoking IEEPA to impose broad import tariffs, nullifying core emergency based levies. Affected measures include the wide ranging "Liberation Day" tariffs, trafficking justified duties on Canada, Mexico and China, Brazil linked duties, and India related levies tied to Russian oil purchases. The decision removes the IEEPA route for economy wide tariffs but leaves intact sectoral and statute specific tools that continue to impose tariffs on selected industries and products.
February 20, 2026
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IEEPA authority struck down; partners unlikely to abandon recent tariff deals, administration to rely on other statutes.
The Supreme Court invalidated reliance on the International Emergency Economic Powers Act (IEEPA) to impose broad tariffs, finding IEEPA does not authorize such duties. Observers anticipate the Administration will instead invoke clear congressional tariff statutes and that trading partners who made recent deals are unlikely to withdraw them, having expected alternative statutory mechanisms to keep tariffs in place.
February 20, 2026
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Emergency-powers tariff invalidation restores trade predictability for exporters, but sectoral steel and aluminium duties remain in force.
The US Supreme Court invalidated country-specific reciprocal tariffs imposed under emergency powers, restoring predictability for exporters and enabling importers to seek refunds for duties paid under the invalidated regime, while separate sector-specific duties on steel, aluminium and certain auto components remain in force.
February 20, 2026
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Tariff authority options: multiple statutory pathways remain for imposing import duties despite limits on emergency powers.
After the court rejected the administration's emergency-based authority for sweeping reciprocal tariffs, the president can still impose import duties using alternative statutes: the Trade Act unfair-practices authority permitting unlimited tariffs after investigation and hearings; the Trade Act provision for addressing unbalanced trade that allows time-limited tariffs without prior investigation but is untested; the national-security tariff authority under the Trade Expansion Act which requires Commerce investigations; and a rarely used Tariff Act depression-era authorisation that allows very high, indefinite tariffs without investigation.
February 20, 2026
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IEEPA authority questioned as tariffs ruled unauthorized; dissent stresses tariffs' foreign affairs leverage, including India example.
The decision holds that the International Emergency Economic Powers Act does not authorize the imposition of import duties, rejecting the use of IEEPA as a statutory basis for tariffs; a dissent argued such tariffs fall within foreign affairs practice, serve as leverage in international negotiations, and cautioned against applying a major questions constraint to executive statutory authority in national security and diplomatic contexts.
February 20, 2026
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Trade deals improve market access and spur investor confidence, supporting growth and fiscal consolidation momentum.
Trade agreements with the EU and an interim US deal are expected to improve market access, boost export competitiveness, and reverse investor sentiment with renewed foreign portfolio investment into equity and debt. Fiscal consolidation alongside stepped up capital expenditure aims to crowd in private investment and support state infrastructure. Concurrently, the Reserve Bank recorded consecutive spot market dollar sales amid rupee volatility and capital flow intermittency, while inflation is expected to remain near target, sustaining a favourable near term growth-inflation balance.
February 20, 2026
Show AI Summary
Emergency powers limits curb broad presidential tariffs, invalidating sweeping reciprocal trade measures and reshaping trade policy authority.
The Supreme Court found that tariffs enacted under asserted emergency statutory powers-including widely applied reciprocal tariffs-exceeded the President's lawful authority, clarifying statutory limits on unilateral tariff measures and signaling judicial constraints on executive use of emergency powers for sweeping trade regulation.
February 20, 2026
Show AI Summary
Repo rate decision maintains neutral monetary stance as growth outlook brightens while inflation risks remain monitored.
The Monetary Policy Committee held the repo rate steady and retained a neutral stance, finding the current policy rate appropriate amid buoyant growth and broadly benign inflation. Members cited healthy medium term macroeconomic fundamentals and improving external outlook driven by trade agreements and fiscal measures, while noting persistent global volatility and risks to inflation. The MPC emphasized ongoing transmission of prior easing, awaited new GDP and inflation data series, and reaffirmed readiness to reassess policy as fresh data emerge.
February 20, 2026
Show AI Summary
Money laundering allegations prompt former MD to surrender to custody after interim bail term expires in fraud-linked probe.
Allegations of money laundering and diversion of homebuyer funds form the basis of an ED investigation and FIRs alleging that two group companies misapplied project receipts, leaving residential projects incomplete and purchasers defrauded. The promoter was arrested, obtained interim bail, and later surrendered after a court denied regular bail, the court noting allegations of widespread cheating and criminal breach of trust. A related listed company filed a regulatory update confirming the director's surrender upon expiration of interim bail.
February 20, 2026
Show AI Summary
Policy rate maintained as appropriate: neutral monetary stance justified by buoyant growth and benign inflation.
The Monetary Policy Committee voted to maintain the existing policy repo rate and retain a neutral stance, finding the current policy rate appropriate given buoyant growth and benign inflation. The Governor noted healthy medium term macroeconomic fundamentals, while the Deputy Governor cited upward revisions to near term growth projections and incomplete transmission of earlier rate cuts as reasons to defer further easing until new GDP and inflation series data are available.
February 20, 2026
Show AI Summary
Free trade agreements improving market access and export competitiveness, prompting investor confidence and supporting growth policy.
Free trade agreements with the EU and an interim pact with the US are expected to improve market access, enhance export competitiveness, and deepen Indian firms' integration into global value chains; this expectation has altered investor sentiment, prompting a return of foreign portfolio investment, while the Union Budget stresses fiscal consolidation alongside stepped up capital expenditure, and headline inflation remains benign under the revised CPI series.

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Samsung Galaxy F70e – Redefining Everyday Performance

February 12, 2026

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Pune, February 9, 2026: Samsung, one of the leading global smartphone brands, recently launched the first smartphone of its all-new Galaxy F70 series, the Samsung Galaxy F70e 5G. Designed to cater to the ever-evolving needs of the young Gen Z users, the Galaxy F70e 5G brings a cutting-edge imaging system, a premium leather-pattern finish, and a vibrant display to the budget segment.

While the Samsung F70e’s price makes it an affordable device, you can make the purchase even more convenient. By shopping for the Galaxy F70e 5G on Easy EMIs from Bajaj Finserv, you can enjoy quick approvals, customised payment terms, and zero down payment options on select models. This way, you won’t have to make a large lump sum payment; you can own the new smartphone and pay for it in bite-sized instalments! Samsung Galaxy F70e 5G - An affordable powerhouse The Samsung Galaxy F70e 5G houses a large 6,000 mAh battery and runs on the mid-range MediaTek Dimensity 6300 chipset, ensuring long-lasting, powerful performance. This device has also been built to withstand everyday spills, splashes, and light rains, as indicated by its IP54 rating. The Galaxy F70e 5G sets a new benchmark for value-for-money mobiles in the country, offering premium features at an affordable price.

Key specifications: • Display: 6.7-inch HD+ LCD display, 120 Hz refresh rate • Processor: MediaTek Dimensity 6300 octa-core • RAM: 4GB/6GB LPDDR4X • Storage: 128GB, expandable up to 2TB • Rear Camera: 50MP main + 2MP depth • Front Camera: 8MP • Battery: 6,000 mAh with 25W Fast Charging • OS: Android 16 • Build: IP54 (dust and splash resistance) • Colours: Limelight Green, Spotlight Blue Sharp portraits - Best-in-segment imaging system The Galaxy F70e 5G offers best-in-class cameras, including a high-res 50MP main sensor that captures incredible landscapes, sunsets, and candid moments with vibrant colours and rich detail. The main lens, along with the depth camera, delivers stunning portrait images by gently blurring the background while keeping the subject in focus. Using Night Mode, you can click brighter and highly detailed shots even in dimly-lit environments.

Camera features: • Rear video: 1080p @ 30fps • Shooting modes: Hyperlapse, Night, Panorama, Photo, Portrait, Pro, Slow Motion Ultra-smooth visuals - Display that impresses The Samsung Galaxy F70e 5G sports an impressive 6.7-inch HD+ display with a 120 Hz refresh rate, offering visual clarity and ultra-smooth scrolling. Its High Brightness Mode makes it easier to view the phone’s contents when you are outdoors, ensuring clear, vivid visuals.

Display highlights: • 720 x 1600 pixel resolution (HD+) • 260 PPI pixel density with 16M colours • 120 Hz refresh rate Premium performance - Multitasking made easy The Galaxy F70e 5G runs on the MediaTek Dimensity 6300 octa-core processor, which guarantees smooth multitasking and lag-free performance. From juggling multiple apps to running demanding tasks, the smartphone handles every situation effortlessly.

Performance highlights: • Octa-core processor clocking up to 2.4 GHz • ARM Mali G57 GPU for enhanced overall visual experience • Android 16 OS for optimised user experience Durable battery - Power that lasts Under the rear panel, the device houses a large 6,000 mAh battery that powers the smartphone for two days on a single charge. The 25W Fast Charging support ensures quick refills, while Samsung’s latest One UI 8 optimisation ensures efficient power usage over time.

Battery features: • 6,000 mAh Li-ion battery • 25W Fast Charging support Stunning design - A mobile that looks and feels premium Blending modern aesthetics with everyday practicality, the Galaxy F70e 5G sports an elegant leather finish on the back. Its sleek profile offers a comfortable grip, while its IP54 rating makes it a practical choice for daily commutes and outdoor use.

Design highlights: • Slim 8.2mm profile • Limelight Green and Spotlight Blue colour options • Premium leather pattern finish at the back Samsung Galaxy F70e 5G - Pricing and variants The Galaxy F70e 5G offers excellent value for money, providing premium features in the budget segment. The Samsung F70e’s price also makes it easily accessible, and the smartphone comes in two RAM options: • 4GB RAM + 128GB ROM - Rs. 11,999* (introductory price) • 6GB RAM + 128GB ROM - Rs. 12,999* * Disclaimer: Prices and specifications are based on available sources and may vary by region or retailer. For the latest price and offers, please visit a Bajaj Finserv partner store.

Upcoming launches by Samsung While the Samsung F70e’s price makes it an irresistible option in the budget segment, the company is preparing to launch a few other models across the board. Some of these include: 1. Samsung Galaxy Z TriFold In December, Samsung officially announced the launch of its futuristic device, the Samsung Galaxy Z TriFold, ushering in a new era of smartphone design. When unfolded, you are treated to a massive 10-inch display that redefines smartphone innovation. It also sports a revolutionary 200MP camera and runs on the flagship Snapdragon 8 Elite Mobile Platform for Galaxy. The device is expected to be made available in the Indian market in mid-to-late 2026.

2. Samsung Galaxy S26 series Another eagerly awaited launch is in the works, as Samsung is gearing up to unveil the Samsung Galaxy S26 series on February 25, 2026. The Galaxy S26 series will include the base variant, the Galaxy S26, along with the Galaxy S26 Plus (mid-tier) and the top-spec Galaxy S26 Ultra. According to rumours, the company has made several design changes to the Galaxy S26 series models, including a unified camera module and a thinner profile. Besides the design, these phones are expected to bring advancements in camera technology and performance capabilities.

Easy EMIs make premium phones affordable and accessible Whether you wish to buy the pocket-friendly Galaxy F70e 5G or a new flagship from the company, you can now make your choice without worrying about the price tag. With Bajaj Finserv Easy EMIs, you can split the cost into affordable EMIs, with flexible tenures ranging from 3 to 60 months. You can also visit any of the 1.5 lakh+ Bajaj Finserv partner stores spread across the country to shop for a new phone! Why you should purchase the Galaxy F70e 5G from a Bajaj Finserv partner store The Samsung F70e’s price makes it a strong contender in the budget segment. Whether you wish to purchase this value-driven smartphone or any other top-tier flagship, buying it from a Bajaj Finserv partner store gives you a wide range of benefits: • Easy EMIs: You can split the bill into affordable monthly instalments.

• Zero down payment: Select models do not require any upfront payment.

• Maha Bachat Savings Calculator: You can combine brand, dealer, and EMI offers to see total savings instantly.

• Flexible tenures: You can choose a tenure based on your convenience and financial capacity.

• Quick approval: Get instant loan approval with minimal paperwork.

Bajaj Finance Limited Bajaj Finance Ltd. (‘BFL’, ‘Bajaj Finance’, or ‘the Company’), a subsidiary of Bajaj Finserv Ltd., is a deposit taking Non-Banking Financial Company (NBFC-D) registered with the Reserve Bank of India (RBI) and is classified as an NBFC-Investment and Credit Company (NBFC-ICC). BFL is engaged in the business of lending and acceptance of deposits. It has a diversified lending portfolio across retail, SMEs, and commercial customers with significant presence in both urban and rural India. It accepts public and corporate deposits and offers a variety of financial services products to its customers. BFL, a thirty-five-year-old enterprise, has now become a leading player in the NBFC sector in India and on a consolidated basis, it has a franchise of 69.14 million customers. BFL has the highest domestic credit rating of AAA/Stable for long-term borrowing, A1+ for short-term borrowing, and CRISIL AAA/Stable & [ICRA]AAA(Stable) for its FD program. It has a long-term issuer credit rating of BB+/Positive and a short-term rating of B by S&P Global ratings.

To know more, visit www.bajajfinserv.in.  (Disclaimer: The above press release comes to you under an arrangement with NRDPL and PTI takes no editorial responsibility for the same.). PTI

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