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    Cabinet approves Startup India Fund of Funds 2.0 to Mobilize Venture Capital for India’s Startup Ecosystem
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February 16, 2026
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Venture capital mobilisation for startups to prioritise deep tech, early growth support, and regional investment across the country.
The Startup India Fund of Funds 2.0 establishes a government-backed corpus to mobilize long-term domestic venture capital, strengthen the domestic venture capital base by supporting smaller funds and AIFs, and address capital gaps. The Scheme prioritises deep tech and tech-driven innovative manufacturing, supports early-growth stage founders to reduce funding shortfalls, and promotes national reach to crowd in private investment beyond major metropolitan centres.
February 16, 2026
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Credit to G.D.P. ratio reform to expand financing and make financial institutions more agile for national development.
The Department of Financial Services convened a policy shivir to solicit strategic reforms to align banking and financial services with Viksit Bharat@2047, focusing on enhancing the Credit to G.D.P. ratio, increasing agility of public financial institutions, deploying new large scale financing mechanisms, deepening the bond market, reducing intermediation costs, strengthening banks' role in MSME financing, and promoting insurance and pension product innovation alongside financial inclusion and cyber security to build a more resilient financial system.
February 15, 2026
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Tax accountability: Allegations of fundraising and money laundering prompt calls to apply law and constitutional obligations to unregistered organisations.
Allegations focus on tax accountability and potential money laundering by an unregistered organisation receiving funds via a broad domestic and international network; the commentator demands that law and the Constitution apply equally, questions the source and treatment of donations described as "guru dakshina," and urges registration, disclosure and tax compliance along with scrutiny of cross border fundraising.
February 15, 2026
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Customs enforcement underscores trade facilitation, regulatory compliance and protection of taxpayers' rights amid vigilance-driven awards and recognition.
Customs enforcement in Kerala was emphasised as combining trade facilitation with statutory compliance, transparency, and protection of taxpayers' rights, with priorities including anti-smuggling vigilance, modernisation, export promotion, and international cooperation to support lawful cross-border trade.
February 15, 2026
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Trade deal transparency: interim agreement may expose agricultural sovereignty and pressure policy on imports, GM crops, and procurement.
The India-US interim trade deal is criticised for risks to agricultural sovereignty through import liberalisation of DDGs and potential GM soy oil, which may increase feed dependence and expose soy and pulse producers to price shocks; concerns also target non-trade barrier concessions and quota-based duty relief as mechanisms that could pressure relaxation of GM regulations, procurement policies, and MSPs, while alleged tariff asymmetries may harm cotton farmers and the textile export sector.
February 15, 2026
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Trade agreements and Budget incentives seek to expand market access and compel private investment in innovation and capacity.
The policy framework relies on expanded free trade agreements to improve exporters' access and on a Budget focused on productive capital outlays and incentives to strengthen manufacturing, value addition, skills and scale. The state provides tariff preferences and fiscal incentives, while explicit expectations are placed on the private sector to invest aggressively in R&D, frontier technologies, supply-chain capabilities and productivity. Equitable sharing of productivity gains-through rising real wages, skill upgrading and stable employment-is presented as essential to sustain domestic demand and long-term investment. Budget incentives for digital infrastructure and data centres aim to position the country as a global hub for AI and data.
February 15, 2026
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Minimum sustainable price mechanism sought to align tea production costs with prices; calls for subsidies, tariff relief, import monitoring.
Planters seek a minimum sustainable price mechanism to align production costs and price realisation, expedited release of pending Tea Board subsidies, interest subvention on working capital loans, and access to agricultural schemes. They also request lower power tariffs and implementation of West Bengal solar provisions, financial incentives for specialty production and machinery upgrades, and stricter monitoring of cheap imports and mislabelling to protect quality and export credibility.
February 15, 2026
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Unique land parcel identifier to standardize property records and reduce boundary disputes through georeferenced mapping.
The Delhi government is assigning a Unique Land Parcel Identification Number (ULPIN or Bhu Aadhaar) to each land parcel using drone surveys and high resolution geospatial imaging to produce geo referenced identifiers for accurate parcel delineation. The revenue department's IT branch, supported by the Survey of India, will implement the system in phased rollouts under a standard operating procedure to centralise land records, enhance transparency, prevent fraudulent transactions and simplify citizen access to property information.
February 15, 2026
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Agricultural sovereignty under threat from interim trade deal; questions raised over GM imports, market access, and procurement safeguards.
Allegations that the India-US interim trade deal compromises agricultural sovereignty by allowing imports such as DDG from GM corn and GM soy oil, potentially displacing domestic producers and creating dependency. The statement questions vague references to "additional products" and removal of "non trade barriers," warning these could open pulses and other crops to imports and pressure India to relax positions on GM crops, procurement, MSPs and bonuses. It also asserts the deal disadvantages cotton farmers and textile exporters and demands clarity and safeguards on covered products and protections.
February 15, 2026
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Trade agreement protections reassure farmers and dairy sectors amid tariff reductions and EU FTA negotiations.
Government statements assert that recent trade agreements and tariff adjustments include agricultural safeguards and explicit protections for the dairy sector, assuring farmers, cattle rearers and fishermen that their interests are preserved. The summary notes completed negotiations on a proposed free trade agreement with a major trading bloc and a contemporaneous tariff reduction as components of the trade policy framework, amid political dispute over the agreements' implications.
February 14, 2026
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Political hypocrisy over communal representation: attack on a Muslim mayor criticized as incitement and double standards.
Shiv Sena (UBT) calls the BJP's attack on Syed Iqbal's election as Parbhani mayor political hypocrisy and communal bias, asserting Iqbal attained office through loyalty and noting Muslim officeholders within BJP-led bodies to rebut claims that his mayoralty threatens communal balance.
February 14, 2026
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Investor verification promoted through mobile auto-rickshaw campaign to encourage routine SEBI Check before securities-related payments.
SEBI, with NSDL, launched a multi-city auto-rickshaw campaign urging routine Investor Verification via a SEBI Check before securities-related payments, focusing on verification of UPI IDs, bank details and intermediary registration credentials and providing QR access to the SEBI Check portal, SEBI Saathi app and SEBI Investor website for authentication and investor education.
February 14, 2026
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Tariff discrimination threatens cotton farmers and textile exporters by conditioning zero-duty access on importing US cotton.
Allegations concern an interim India-US trade arrangement that gives a third country conditional zero duty access for garments if they import American cotton while Indian exporters face a higher tariff, creating a tariff differential that may pressure Indian textile firms to source foreign cotton, undermine domestic cotton producers, and risk market diversion away from Indian cotton.
February 14, 2026
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Interim trade agreement expands energy coverage to secure competitive crude supplies and reduces tariffs to boost bilateral trade.
An interim trade agreement framework between India and the United States will include India's energy requirements and tariff adjustments to diversify suppliers, enhance supply security and obtain more competitive pricing. The framework contemplates US tariff reductions on specified Indian goods and India cutting or eliminating import duties on US industrial and agricultural products to expand market access, support infrastructure and distribution procurement, secure coking coal supplies for steel expansion, and facilitate growth in the information technology sector through access to advanced equipment.
February 14, 2026
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Trade agreement benefits: tariff reductions and market access touted as boosting textile exports and supporting cotton growers.
The minister defended recent trade engagement as opening market access for Indian textiles, asserting reciprocal tariff reductions under recent agreements will enhance export competitiveness and grant zero-duty access to several markets, thereby benefiting the textile sector and cotton growers; he characterised processing imported material for export as an established global trade practice and said national cotton demand and cultivation capacity will expand.
February 14, 2026
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Labour standards under free trade agreement debated at international moot to build trade law advocacy and capacity.
An international moot organised by CTIL and Bennett University under the WTO Chairs Programme focused on alleged violations of labour standards and occupational safety obligations under a Free Trade Agreement following an industrial accident, with evaluations by legal, academic and policy experts and emphasis on capacity building in international trade law.
February 14, 2026
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Tribunal leadership change: president demits office amid administrative reforms credited with substantially improved case resolution.
Chief Justice (Retd.) Ramalingam Sudhakar demitted office as President of the National Company Law Tribunal after a tenure that advanced administrative and infrastructural reforms; during this period the Tribunal disposed of over 48,000 of approximately 54,800 instituted matters, yielding a reported resolution rate exceeding eighty five percent and reflecting improved case management in corporate and insolvency proceedings.
February 14, 2026
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Input tax credit fraud exposed; director arrested after probe finds bogus suppliers and inadmissible credits used to discharge tax liabilities.
Investigation by the Anti Evasion Branch found that the company availed inadmissible Input Tax Credit on the basis of invoices from bogus or non functional suppliers, and without actual receipt of goods, using those credits to discharge GST liabilities in contravention of the Central Goods and Services Tax Act, 2017; a company director was arrested and remanded while the probe to trace fund flows and other beneficiaries continues.
February 13, 2026
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India-US interim trade deal provoked uproar; Speaker faced removal notice and MPs were suspended during Budget session.
India-US interim trade agreement and the unpublished memoir dispute triggered disruptions in the first leg of the Budget session, leading to eight MPs being suspended, a notice to remove the Speaker and the Speaker's refusal to occupy the chair until that notice is disposed of; the Lok Sabha adopted the Motion of Thanks without the prime minister's reply while the Rajya Sabha completed debate and adopted the Motion amid an opposition walkout, and Parliament passed an amendment to the Industrial Relations Code.
February 13, 2026
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Retail liquor prices to rise as Uttar Pradesh raises licence fees, reforms MRP and launches an excise export policy.
The excise policy raises the minimum guaranteed revenue (MGR)/licence fee for retail liquor shops and bhang shops, adjusts special additional excise duty on IMFL, and reforms MRP by rounding most country liquor and UPML to the next multiple of Rs 10 while introducing a new 100 ml UPML pack; it also creates a standalone excise export policy to promote distilling and logistics investment and requires retail allotments primarily by renewal with district collectors authorised to approve relocations.

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Customs & Trade

West Midlands announces 'A mission to seize the moment' to India during the Year of the Free Trade Agreement

February 16, 2026

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• The UK's Mayoral-led mission to India – the first of 2026 – to strengthen economic and cultural ties between West Midlands and Indian subregions. • Trade mission to Ahmedabad, Mumbai and Bengaluru from 23rd to 27th February follows recent signing of UK-India Free Trade Agreement. • Official trade mission partners include Aston University, Birmingham City University (BCU), energy provider E.ON, GEDU Global Education, University of Birmingham and University of Warwick. BIRMINGHAM, England, Feb. 16, 2026 /PRNewswire/ -- From 23rd to 27th February 2026, Richard Parker, Mayor of the UK's West Midlands region is set to lead a strategic trade mission to Ahmedabad, Mumbai and Bengaluru, building on the historic UK-India Free Trade Agreement signed in July 2025. The mayoral-led mission to India – the first from the UK in 2026 – aims to strengthen economic and cultural ties between the two markets and forge valuable partnerships for the benefit of the region's universities, businesses and communities. It will also deepen political engagement with key national and state-level leaders, reinforcing the West Midlands' role as a trusted long-term partner for India. As well as promoting new job creation the mission aims to affirm the region – including the flagship West Midlands Investment Zone – as an advantageous location for innovative Indian businesses looking to expand. It will also facilitate strategic engagement with Indian travel trade agents and tour operators, cement cultural ties and celebrate cultural exchange, as India gears up to host the 2030 centenary Commonwealth Games. Led by Mayor Richard Parker, the delegation of West Midlands business, academic and political leaders will also include Dr Julie Nugent, CEO at Coventry City Council, Prof. David Mba, Vice-Chancellor at Birmingham City University and Greg Clark, Executive Chair of University of Warwick Innovation District, alongside senior representatives from the West Midlands Growth Company (WMGC) - the official investment promotion agency for the UK's West Midlands region. The official trade mission partners include Aston University, Birmingham City University (BCU), energy provider E.ON, GEDU Global Education, University of Birmingham and University of Warwick. The West Midlands Growth Company (WMGC) – in collaboration with the India Global Forum and Greater Birmingham Chambers of Commerce - has organised a series of events and meetings with senior figures from Indian businesses and institutions. These include multinational manufacturer Tata Motors, multinational technology company Infosys, motorcycle manufacturer TVS Motors and energy company Atri Energy Transition.  The West Midlands delegation will also host an event in Ahmedabad focused on "The Commonwealth Legacy", with the city set to host the 2030 Commonwealth Games and will host a number of roundtable events bringing together key industry bodies and intermediaries. These include visitor economy-focused roundtables with VisitBritain in Mumbai and Bengaluru; a roundtable with India technology trade association NASSCOM, following its Technology and Leadership Forum; a roundtable on Urban Transformation and Smart Cities with the Mumbai Metropolitan Regional Development Authority and an event on AI Skilling & the Future of Work, with the Indian Institute of Management, Bangalore.   The West Midlands has a uniquely strong cultural relationship with India, through its 'living bridge' of 276,000 ethnic Indians that live and work in the region. The two markets have strong economic links, with India representing the UK's second largest source of investment projects for six consecutive years and the West Midlands representing the UK's largest recipient of FDI projects from India outside London. The number of visits from Indian tourists to the region has grown by more than 20 per cent over the last decade and Indian visitors also spend more in the West Midlands than any English region outside of London, valuing experiences such as world-class cricket at Edgbaston and Birmingham's premium retail and dining scenes. The region is already home to some of India's biggest companies, including Tata Group, TVS, Infosys, Hexaware Technologies, Enzen Global, Suprajit Group, State Bank of India, Microland, and more recently, Firstsource and Mahindra. Richard Parker, Mayor of the West Midlands, said: "The West Midlands and India already share real strengths in manufacturing and automotive, in digital tech and in clean energy. That gives us a solid foundation to turn last year's trade deal into something that delivers here at home. "We've built a strong trading relationship with India over many years, rooted in trust and deep cultural ties across our communities. This mission is about taking that further - growing exports from West Midlands firms, attracting new investment into our towns and cities, and bringing more visitors to our region. "If we get this right, it means good jobs for local people, stronger businesses and more money going back into people's pockets across the West Midlands." Harjinder Kang, His Majesty's Trade Commissioner to South Asia & Deputy High Commissioner to Western India, said: "The economic partnership between the UK and India is at an all-time high following the signing of the landmark trade deal last year. The Mayor of West Midlands' visit to India is another strong testament to our ever-strengthening collaboration. Besides reinforcing the growing contribution of the West Midlands to the UK-India partnership, this visit will help businesses from both sides to gear-up to take advantage of the deal which will boost growth by adding billions of pounds across both economies." Further commentary from the delegation: Professor Aleks Subic, Aston University Vice-Chancellor and CEO, said:     "Aston University has a long-term commitment to education, skills, and research partnerships with India, spanning UK study pathways, high-quality transnational education in India, and collaboration with our partner universities and research institutes.    "As a central partner in the Birmingham Knowledge Quarter, Aston is also helping attract significant international investment into Birmingham and the wider West Midlands.   "This mission is a timely opportunity to showcase Birmingham as a global innovation city and to deepen collaboration with Indian industry, researchers, and policymakers on shared global challenges."  Professor David Mba, Vice-Chancellor of BCU, said:  "For Birmingham City University this mission is about strengthening mutually beneficial economic, cultural and educational links between India and the West Midlands.   "We are proud of our Birmingham roots but are always striving to reach beyond, including the deep ties we have in South Asia – thousands of our students are either from India or part of the local Indian diaspora.  "This visit will give BCU new opportunities to advance the implementation of our ambitious 2030 Strategy, including the chance to deepen collaborative research on sustainable cities and cultural exchanges through our Royal Birmingham Conservatoire."  Vijay Tank, Chief Commercial Officer at E.ON Energy Infrastructure Solutions, said:  "Local energy systems are vital in delivering the benefits of the energy transition where they are most needed. Tailoring solutions to specific areas can drive economic growth, create local jobs and skills, and attract investment and innovation where needed.  "Whether it's our Net Zero Training Academy equipping apprentices with sustainable tech skills; providing batteries that cut bills for vulnerable customers, or our strategic partnership to accelerate Coventry's clean energy future, at E.ON we are already delivering some of those very real benefits and we're well placed to champion the Mayor's ambitions for the West Midlands as well as supporting investors in the region when it comes to navigating any energy challenges."  Kevin McCole, Managing Director at GEDU Global Education, said:  "This delegation is important as India matters to the West Midlands and the West Midlands matters to India. There are strong people to people links, strong economic ties across a range of innovation-rich sectors, and deep education partnerships. We're proud to support the Mayor's mission which will bring more investment to the West Midlands, increase two-way trade, and strengthen our education partnerships."  The Rt Hon Greg Clark, Executive Chair of the University of Warwick's Innovation District, said:   "The University of Warwick has a long history of strong ties with India - from the students on campus, to our business partnerships, to our research collaborations.   "As we deepen the cultural, economic, and educational ties between Warwick, the West Midlands, and India, we will accelerate innovation, develop talent, and drive growth that will benefit us all.   "Working with the West Midlands Growth Company and our partners in India, Warwick looks forward to creating a better world together."  Notes to editors: West Midlands Growth Company The West Midlands Growth Company helps the region make its mark nationally and internationally. Its primary purpose is to attract investment, jobs, visitors and businesses to the West Midlands. The West Midlands Growth Company focuses on the WMCA geography of Greater Birmingham and Solihull, Coventry and Warwickshire, and the Black Country. Once the powerhouse of the industrial revolution, the West Midlands has evolved into a world-class and highly sought-after international business destination, with an economy worth £117bn. Situated at the heart of the UK, the region is home to three major cities (Birmingham, Coventry, Wolverhampton) and four thriving boroughs, which come together to form one of Europe's most dynamic and diverse metropolitan clusters. Photo - https://mma.prnewswire.com/media/2902991/West_Midlands.jpg' alt='Embedded Media' /> Logo - https://mma.prnewswire.com/media/2702236/5793849/WMGC_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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