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    IICA Renews MoU with NALSAR University of Law to Strengthen Academic Collaboration and Capacity Building
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February 19, 2026
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Memorandum of Understanding renewal strengthens academic collaboration, joint research, faculty exchanges and capacity building between institutions.
Memorandum of Understanding renewal establishes a five-year institutional framework for academic collaboration between IICA and NALSAR, formalising faculty and student exchanges, joint research and publications, expert advisory services, and the organisation of workshops, seminars and conferences; it consolidates a two-year residential LL.M. programme in Insolvency and Bankruptcy Laws combining academic instruction and industry exposure.
February 19, 2026
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Ease of Doing Business reforms to rationalise e-forms and streamline corporate compliance through digital governance and consultations.
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February 19, 2026
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India's prospective leadership of the Global South and economic self-reliance were foregrounded, asserting that strengthened national capacity will nullify the effect of external tariffs and reduce foreign leverage. The speaker urged firmness in trade relations, linked social harmony and a shared Hindu identity to national unity, advocated moving temple administration from government control to devotees, and highlighted village-level development work including education, dispute resolution, land access, and local employment.
February 18, 2026
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February 18, 2026
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February 18, 2026
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Fugitive economic offender status challenged as absence due to passport revocation and UK travel prohibition.
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February 18, 2026
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February 18, 2026
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Free trade agreement momentum boosted as leaders discuss cooperation across technology, shipbuilding and corridor connectivity.
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PMLA / Black Money

Can't say when I'll return to India; legally barred from leaving UK: Mallya tells Bombay HC

February 18, 2026

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Mumbai, Feb 18 (PTI) Fugitive businessman Vijay Mallya informed the Bombay High Court on Wednesday that he is unable to provide a definite timeline for his return to India, citing the revocation of his passport and also being legally barred from leaving the UK.

A statement from Mallya was submitted by his counsel Amit Desai in response to a mandate from a bench comprising Chief Justice Shree Chandrashekhar and Justice Gautam Ankhad, which had last week signalled that it would refuse to hear Mallya's petitions against his "fugitive economic offender" status unless he clarified his intent to return to face trial.

Based in the UK since 2016, Mallya has filed two petitions in the high court -- one challenging an order declaring him a fugitive economic offender and the other questioning the constitutional validity of the Fugitive Economic Offenders Act.

The 70-year-old liquor baron is accused of defaulting on multiple loan repayments of several thousand crores and facing money laundering charges.

Mallya's legal team argued that his absence is a consequence of international legal constraints rather than choice, noting that his Indian passport was revoked in 2016 and that the orders of courts in England and Wales prohibit him from leaving the country.

The businessman said in his statement that he cannot give a definite date of return to India as he did not have an active passport after it was revoked by the Indian government in 2016, and also because there are orders of courts in England and Wales that prohibit him from leaving the country.

"Mallya is not permitted to leave or attempt to leave England and Wales or apply for or be in possession of any international travel document. In any event, the petitioner is unable to precisely state when he will return to India," Desai read out the statement in the court.

The senior counsel reiterated that Mallya's presence was not required in the country for the court to hear his pleas against the fugitive tag and the provisions of the Act.

"If he (Mallya) were to appear in India, then all these proceedings would be rendered irrelevant as the statute says that once the offender appears in the concerned court of law, then all these orders would be set aside," Desai told the court.

The bench directed the Union government to file its reply to Mallya's statement and posted the matter for further hearing next month.

Mallya was declared a Fugitive Economic Offender in January 2019 by a special court hearing cases under the Prevention of Money Laundering Act (PMLA).

The businessman left India in March 2016. PTI SP SKL GK KRK NP

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Acts Income Tax