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February 24, 2026
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Political criticism: BJP says opposition's remark reflects organisational decline, urging focus on party affairs and governance.
BJP leadership dismissed an SP chief's remark about potential legislative manoeuvring as reflecting opposition frustration and political bankruptcy, stressing that the SP's support base is declining amid nepotism and infighting while the BJP emphasises discipline and governance priorities.
February 24, 2026
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Tariff authority challenged after court ruling; executive threatens higher uniform import taxes while refund legislation advances.
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February 24, 2026
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Tariffs escalation jolts markets, triggering investor concern over AI-vulnerable firms and renewed trade uncertainty globally.
The article describes markets reacting to the administration's escalation of temporary import tariffs after the Supreme Court limited a prior broad tariff framework, with the executive signaling use of alternative statutory routes for permanent measures. That policy shift, coupled with investor selling of companies deemed vulnerable to AI-driven competition and ambiguous signals from monetary authorities, is framed as intensifying trade-policy uncertainty and contributing to sector-specific stock declines and broader market volatility.
February 24, 2026
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Tariff cap breach imperils trade agreement ratification as EU seeks clarity on unilateral global import duties.
EU legislators paused ratification of the US EU trade deal after the US announced a unilateral global import tariff under an alternative trade law; the EU says applying that duty on top of existing tariffs would breach the agreed tariff ceiling and demands clarity on how the US will honour the agreement. The measure also raises questions about bilateral deals negotiated with reference to prior tariff threats and is of limited duration unless extended by the legislature.
February 23, 2026
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Emergency powers limits shift trade leverage, constraining executive tariff authority and increasing political pressure ahead of midterms
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February 23, 2026
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Misuse of government funds prompts arrests in alleged DMF and overtime payment diversion probes and ongoing money laundering inquiry.
Anil Tuteja and Anwar Dhebar were arrested on allegations of diversion of public funds: Tuteja is accused of facilitating DMF project allotments to known firms in exchange for commissions, establishing prima facie offences of misuse of government funds, criminal conspiracy and corrupt practices, while the ED probes money laundering; Dhebar is accused of receiving commissions from diverted overtime payments billed by agencies for CSMCL workers, causing reported financial loss to the state. Both were remanded to custodial investigation and further probe is underway.
February 23, 2026
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February 23, 2026
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Flexible inflation targeting review may adjust the CPI inflation target after adoption of a new CPI series.
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February 23, 2026
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Banking sector review to explore creation of mega-lenders while no current roadmap for public sector bank mergers.
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February 23, 2026
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February 23, 2026
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February 23, 2026
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Skill development and sustainability urged to boost competitiveness through technology, design innovation and industry collaboration for graduates.
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February 23, 2026
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Mis-selling prohibition: banks must stop bundling non-bank products and refund customers with compensation when mis-selling occurs.
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February 23, 2026
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February 23, 2026
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February 23, 2026
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February 23, 2026
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February 23, 2026
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Quality-led manufacturing: institutionalise uniform standards and testing to convert market access into sustained export competitiveness.
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February 23, 2026
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Mis selling safeguards: banks must stop pushing non bank products and refocus on deposit mobilisation and lending.
The Finance Minister urged banks to stop mis selling non bank financial products and focus on core functions of deposit mobilisation and lending. She identified a regulatory gap between banking and insurance regulators that enabled unnecessary insurance sales. The RBI's draft guidelines require full refunds and compensation for mis sold products, invited public feedback until March 4, and set a proposed implementation date of July 1; the RBI also emphasised deposit and credit growth and its approach to policy rate decisions and liquidity provision.

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Customs & Trade

Proposed India-US trade deal compromises India’s sovereignty, farmers' interests: Sachin Pilot

February 19, 2026

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Mumbai, Feb 19 (PTI) Senior Congress leader Sachin Pilot on Thursday strongly criticised the proposed trade agreement with the United States, alleging it compromises India’s sovereignty, farmers’ interests, energy security and economic self-reliance.

Addressing a press conference, the Congress general secretary said trade agreements must be based on equality and mutual public interest, and cannot come at the cost of national interest or sovereignty.

"No trade pact that mortgages the country’s interests can be acceptable. Any agreement that attacks the livelihood of farmers, undermines energy security or weakens India’s sovereignty and self-reliance will not be accepted by the people," he said.

There have been non-Congress governments earlier, but never before has the "red line" been crossed in trade agreements, bilateral agreements, WTO negotiations or FTAs in a way that put the country's food providers and dairy farmers on the margins, Pilot claimed.

Under the February 6 "framework agreement" with the United States, the Narendra Modi government has agreed to open India’s agricultural market to American farm and food products at zero duty, said Pilot while terming this a direct blow to Indian farmers.

He claimed duty-free imports of products such as processed maize (DDG), sorghum and soybean oil from the US would adversely affect domestic producers across several states, including Maharashtra, Karnataka, Madhya Pradesh, Rajasthan and Uttar Pradesh.

Pilot also raised concerns that cotton imports from the US and changes in textile trade dynamics involving Bangladesh could hurt India’s farmers and textile industry.

"Opening imports of fruits, nuts and other agricultural produce from the US without tariffs would impact growers in states such as Himachal Pradesh, Uttarakhand, Jammu and Kashmir and across other regions producing bananas, groundnuts and horticulture crops," Pilot added.

Pilot also questioned whether the agreement could indirectly allow entry of genetically modified agricultural products into India, which he said could threaten seed purity and biodiversity.

He criticised provisions related to removal of "non-tariff barriers", claiming they could dilute farm subsidies and regulatory protections.

On energy security, the Congress leader alleged the agreement would restrict India’s ability to import crude oil from countries like Russia and Iran and compel purchases from the US at potentially higher prices.

"Such conditions would undermine India’s strategic autonomy and raise serious questions about economic independence," he said.

Pilot also criticised a reported clause requiring India to import USD 500 billion worth of American goods over five years, questioning whether such a commitment aligns with India’s economic interests and trade balance.

"People are asking whether this is a strong government or a compelled one, and whether India is moving towards self-reliance or dependence. The country deserves answers from the government on the implications of the proposed agreement," Pilot said.

The Congress leader charged that the Union government has squeezed farmers whenever it has got a chance.

"Forget bonuses, relief or loan waivers, in this deal especially small and marginal farmers have been sacrificed," he alleged.

Pilot charged that the US appears to be exerting pressure on the Indian government, which is not limited to agriculture.

It affects independent foreign policy and energy security of the country, he said, adding how another country can dictate from where India should or should not buy oil.

"This deal is one sided. No government in its right mind would accept and celebrate such a deal. Unless there is pressure,” the Congress leader said.

This government focusses on propaganda, management and public relations rather than accountability, he added. PTI MR BNM

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