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    PM Modi, Estonia prez welcome significant strategic upswing in India-EU ties
    WinZo case: ED attaches Rs 500-crore bank deposits in US, Singapore
    Can't say when I'll return to India; legally barred from leaving UK: Mallya tells Bombay HC
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February 18, 2026
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India-EU free trade agreement accelerates strategic economic and technological cooperation, enabling enhanced talent mobility and digital collaboration.
Prime Minister Modi and Estonian President Karis affirmed that the India-EU free trade agreement will act as a catalyst for deeper economic partnership and committed to leveraging it to expand trade and investment linkages, while intensifying cooperation in AI, digitalisation, e-governance, cybersecurity, startups, skilling, talent mobility, tourism, and clean energy collaboration.
February 18, 2026
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Provisional attachment under PMLA of overseas deposits linked to a real money gaming app for alleged money laundering and algorithmic manipulation.
The Enforcement Directorate issued a provisional order under the Prevention of Money Laundering Act to attach overseas bank deposits held in the names of alleged shell companies linked to Winzo Pvt Ltd, operated and controlled by its promoters, as part of a money laundering investigation into the real money gaming business alleging use of BOTs/AI and restrictions on customer withdrawals; a chargesheet has been filed and cumulative attachments have been reported.
February 18, 2026
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Fugitive economic offender status challenged as absence due to passport revocation and UK travel prohibition.
The petitioner challenges his designation as a fugitive economic offender and the constitutional validity of the Fugitive Economic Offenders Act, asserting he cannot specify a return date because his Indian passport was revoked and English and Welsh court orders prohibit him from leaving; counsel contends absence stems from international legal constraints and need not bar the High Court from hearing the petitions. The bench directed the Union government to file its reply and posted the matter for further hearing.
February 18, 2026
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Provisional attachment under PMLA used to secure asset linked to alleged investor cheating and diverted endorsement proceeds.
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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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February 18, 2026
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Merger approval: consolidation of an NBFC's asset finance business into an inactive holding entity cleared, detailed regulatory order to follow.
The Competition Commission approved the proposed merger of Hinduja Leyland Finance Limited into NDL Ventures Limited, enabling consolidation of Hinduja Leyland Finance's asset finance activities-small ticket retail and vehicle loans, loan against property and housing loans-into NDL Ventures, which presently has no active business; a detailed regulatory order and any conditions will follow.
February 18, 2026
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Competition approval for internal reorganisation permits transfer of specified BCCL businesses to newly formed THPL on going concern basis.
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February 18, 2026
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Competition approval for acquisition of portfolio management services business, consolidating PMS activities under an asset manager.
The Competition Commission of India has approved an acquisition in which Axis Asset Management Company Limited will acquire the portfolio management services business of Axis Securities Limited in India. The Acquirer manages a mutual fund business, provides portfolio management services, and manages alternative investment funds across Category II and Category III; the Target Business comprises the Transferor's portfolio management services in India. A detailed order will follow.
February 18, 2026
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Teacher eligibility requirement: temporary pay preserved for affected teachers pending K-TET compliance within the prescribed compliance period.
Following the court's removal of a pre-existing exemption, the State will grant temporary pay-scale approval to teachers appointed before the ruling's effective date provided they clear K-TET within the prescribed compliance period; equivalent qualifications are accepted and promotions will be considered after legal advice. The State will also re-fix posts to include students with Aadhaar EIDs or pending corrections to remedy staff losses caused by Aadhaar data discrepancies.
February 18, 2026
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Agricultural innovation investment roadmap drives company expansion into exports, joint ventures and multiyear seed R&D projects.
Indo US Bio-Tech Limited's roadmap commits to phased investments in infrastructure, capacity and crop-specific multi-year R&D through 2030-31, including a high-tech greenhouse, a 5,000 sq. ft. seed processing plant with dedicated machinery, processing capacity modernization, a joint venture groundnut seed plant, and multiple staged tomato, bottle gourd, chilli and brinjal breeding and commercialization projects, alongside a strategic export push into the US and African markets with staged pilot-to-full-scale operations.
February 18, 2026
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Aadhaar linkage: Delhi mandates household Aadhaar for online ration card applications, with verification and eligibility checks.
Delhi mandates online applications via the e-district portal for new ration cards with Aadhaar numbers for all family members and supporting residence and income documentation. Food supply officers will scrutinise and verify applications, forwarding eligible cases to assistant commissioners and a district-level committee which applies Delhi Food Security Rules, 2026 and the SOP, enforces exclusion criteria, prioritises needy applicants, maintains a waiting list, and routes appeals to the Public Grievance Commission as State Food Commission.
February 18, 2026
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Fugitive economic offender status limits challengeability while the declared person is legally barred from leaving a foreign jurisdiction.
This matter concerns a challenge to a declaration under the Fugitive Economic Offenders regime and a constitutional challenge to the Act, where the petitioner states he cannot return because his Indian passport was revoked and English and Welsh orders bar his departure, and the court has invited the government to reply while indicating it will not hear the challenge to the declaration until the petitioner returns.
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Trade agreements driving investment: operationalising TEPA and sectoral cooperation to convert agreements into industrial collaboration and investments.
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Trade-policy shifts, notably the EU-India Free Trade Agreement, have eliminated or substantially reduced import duties on several Indian furniture categories, lowering average tariffs and simplifying customs procedures. imm india 2026 is structured as a B2B trade platform-featuring a Hosted Buyer Programme, The Sourcing Hub, curated showcases, and industry alliances-to enable direct sourcing, streamline buyer-seller engagement, and translate tariff and customs liberalisation into expanded export market access for Indian manufacturers.
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A bilateral trade arrangement between Japan and the United States is reported to include a substantial Japanese investment pledge in the US and an associated increase in export tariffs on Japanese goods, while a Japanese subsidiary's participation in a major US natural gas facility links cross border investment commitments to energy project involvement, framing market movements alongside investor concerns about overinvestment in AI infrastructure and resultant volatility.
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Benami funds allegations prompt call for parliamentary probe amid claimed regulatory inaction and governance failures.
Allegations assert the use of benami funds by close associates to amass significant stakes in a corporate conglomerate through intermediaries and trading firms, accompanied by claims of over-invoicing, cross-border transfers, and an alleged bribery scheme to secure contracts; these claims form the basis for demands for a parliamentary inquiry into corporate ownership concealment and associated governance failures amid perceived regulatory and enforcement inaction.
February 18, 2026
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Digital savings account transparency improves customer decision-making through instant account opening, UPI integration and built in interest tools.
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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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