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    Crypto Market News Today: Binance Adds $300M in Bitcoin for SAFU Reserve as DeepSnitch AI Crushes $1.5M in Presale
    Rupee falls 14 paise to close at 90.70 against US dollar
    Next Crypto to Explode: SBF Seeks New Trial While LayerZero Pumps and AVAX Dumps, But DeepSnitch AI Is the Project Offering a Potential Path to Turn $...
    Himanta hints at increase in tea workers’ daily wages; hikes orthodox tea subsidy
    Alliance with Congress intact: M K Stalin
    Bhupender Yadav slams TMC govt over 'poor governance, corruption' in Bengal
    UP Budget 2026-27: Rs 43,565 crore earmarked for new schemes
    UP Budget: Hike in allocations to health, education and AYUSH for boosting healthcare infra, services
    SC dismisses plea alleging absence of mechanism to make people aware of TDS obligation
    Delhi: Occultist held for killing 3 people with poison-laced 'ladoos' in name of 'dhanvarsha'
    UP Budget 2026-27: Rs 150 cr for Ayodhya infra, Rs 500 for CM tourism development scheme
    Punjab: Opposition slams Bhagwant Mann over shooting at migrant labourers in Moga
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    Govt sold Bharat Mata, it's a wholesale surrender: Rahul on India-US trade deal
    Interim trade agreement with US one-sided; govt sold Bharat Mata: Rahul in LS
    UP Budget 2026-27: Push for women empowerment, police infra in pre-poll outlay
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February 11, 2026
Show AI Summary
Binance's $300M Bitcoin buy framed as institutional accumulation; DeepSnitch AI presale claims 150% gains and large bonus offers.
Reportedly, Binance purchased about $300 million of Bitcoin for its SAFU reserve, which the text presents as institutional dip buying validating an accumulation phase; concurrently, the DeepSnitch AI presale is promoted with claimed 150% launch gains, operational surveillance tools, and large bonus incentives (150% on $10,000+ and 300% on $30,000+ entries), while a risk disclaimer states the material is not investment advice and was published under a press arrangement without editorial responsibility.
February 11, 2026
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Indian rupee falls to 90.70 as importer dollar demand, geopolitical tensions and rising oil prices pressure markets.
The rupee fell 14 paise to 90.70 against the US dollar due to importer dollar demand, geopolitical tensions and higher crude oil prices, while foreign portfolio inflows and a softer dollar limited further declines; market uncertainty was compounded by the India-US trade fact sheet outlining tariff reductions and large US purchase commitments.
February 11, 2026
Show AI Summary
Sam Bankman Fried seeks a new trial while DeepSnitch AI presale claims large upside amid mixed crypto market performance.
Sam Bankman Fried has filed a motion for a new trial claiming newly available witness testimony could undermine the evidence supporting his 2023 fraud conviction. Separately, the document contrasts rapid token market movements-highlighting LayerZero's volume surge and Avalanche's bearish outlook-and promotes DeepSnitch AI's postponed token generation event and presale mechanics as conferring an informational advantage to early purchasers while providing explicit purchase examples and a general trading risk disclaimer.
February 11, 2026
Show AI Summary
Assam tea industry: subsidy for orthodox tea raised and workers urged to receive higher daily wages.
Increase in the state subsidy for orthodox tea production from Rs 10 to Rs 15 per kg is intended to promote exports and production; the government has directed garden managements and tea associations to pass benefits to workers by increasing daily wages and committed to consult workers' organisations. The state also couples this subsidy policy with worker-focused measures including a one-time grant programme and an administrative plan to distribute land pattas to tea garden residents.
February 11, 2026
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DMK-Congress alliance intact; Stalin rules out power sharing and coalition government while highlighting Thozhi hostels policy.
The DMK chief affirms the DMK-Congress alliance is intact and rejects formal power sharing or a coalition government, attributing seat sharing delays and public disputes to isolated intra party issues rather than alliance collapse; he emphasizes that the DMK will retain executive leadership and notes the Thozhi hostels scheme as a key welfare policy.
February 11, 2026
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West Bengal governance criticized for alleged misuse of central scheme funds and failure to submit required utilisation certificates.
Allegations of regulatory non compliance and misuse of centrally sponsored schemes are raised against the West Bengal government, citing irregularities in MGNREGA, non submission of utilisation certificates for PM Awas Yojana, and corruption in PM Poshan Yojana, plus failures to hold mandated Disha meetings and fully implement PM Kisan; the minister also criticised the vote on account for low capital expenditure, continuing borrowing, and skewed allocations while highlighting central budget proposals for infrastructure, SME support, and jute upgradation.
February 11, 2026
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Uttar Pradesh budget 2026-27: Rs 43,565 crore earmarked for new development and social sector schemes.
The Uttar Pradesh 2026-27 budget earmarks Rs 43,565 crore for new initiatives including Rs 575 crore for an MSME-focused industrial zone, Rs 3,500 crore for urban expansion and new city promotion, sectoral infrastructure such as a dairy plant and fish processing facilities, Rs 580 crore for residential girls' schools where Kasturba Gandhi Balika Vidyalayas are absent, and significant allocations for cashless medical coverage for school staff and conversion of primary schools into smart schools under Samagra Shiksha Abhiyan.
February 11, 2026
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UP budget increases health and medical education allocations to expand healthcare infrastructure and insurance coverage.
The state budget increases health-sector funding, raising the Medical, Health and Family Welfare allocation by 15% and assigning funds to major programmes: cashless maternal deliveries under Janani Shishu Suraksha Karyakram, block-level child health teams, Pulse Polio and Japanese Encephalitis vaccination drives, Integrated Disease Surveillance reporting, Ayushman Bharat insurance schemes, the National Rural Health Mission, and district mental health services. It also funds expansion of medical education-including 14 new colleges and a PPP approach for underserved districts-and allocates capital for cancer care, incurable-disease treatment, and AYUSH infrastructure and drug production.
February 11, 2026
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TDS on property purchases: buyers currently bear the deduction liability; petitioner sought institutional safeguards for buyer awareness.
The petitioner argued that buyers of property over Rs. 50 lakh are placed solely liable for TDS despite many purchasers lacking knowledge of the obligation and that no registrar-level verification or administrative awareness mechanism exists; he sought limited procedural directions to establish institutional safeguards at registration to prevent inadvertent defaults, improve voluntary compliance, and protect revenue, without challenging the statutory tax liability.
February 11, 2026
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Occultist accused of killing three people by giving poison-laced ladoos during a ritual and stealing their cash.
An occult practitioner was arrested for allegedly killing three persons by administering poison-laced sweets and drinks during a ritual promising dhanvarsha. Investigators say he instructed the victims to bring cash and refreshments, fed them poisoned ladoos and drinks, took their money after they lost consciousness, and fled. Technical surveillance, call detail records, CCTV and location data placed the accused with the victims; personal effects and cash were recovered and a criminal case was registered while inquiries continue to identify accomplices.
February 11, 2026
Show AI Summary
Tourism budget proposes Rs 150 crore for Ayodhya infrastructure and Rs 500 crore for a tourism development scheme.
The budget designates Rs 150 crore for Ayodhya-region tourism infrastructure and Rs 500 crore for a tourism places development scheme, funding specific projects such as completion of the Ram Path approach road, upgrades linking a proposed Vedic wellness precinct to the temple, and allocations for parikrama paths, temple renovation, and tourist facilities at multiple pilgrimage and heritage sites, with initial phases of a Vedic Science Centre completed and increased tourist footfall cited as rationale.
February 11, 2026
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Shooting of migrant labourers in Moga prompts demands for urgent investigation and action against communal targeting.
A shooting injured two migrant workers in Moga; an unverified social media post claimed responsibility and justified the attack. Police are tracing the assailants and probing the incident from all angles. The matter raises issues of targeted violence against migrant workers, potential online incitement, evidentiary questions regarding posted video material, and calls from political leaders for urgent investigation, accountability, and measures to protect migrants and maintain public order.
February 11, 2026
Show AI Summary
State budget increases outlays, prioritises social and tech investment, and claims revenue surplus achieved without new taxes.
The Rs 9,12,696.35 crore 2026-27 budget increases outlays by about 12.2 percent, highlights priorities of women's safety, youth employment, farmer welfare and technological investment, and asserts that no new taxes have been imposed. The executive credits improved financial management and plugging tax leakages for transforming the fiscal position from a historically weak classification to a revenue surplus state, indicating reliance on compliance and administrative reform for revenue growth rather than tax increases.
February 11, 2026
Show AI Summary
Jupiter International commissions 1 GW mono PERC solar cell unit, doubling capacity to about 2 GW and expanding tech lineup.
Commissioning of a new 1 GW mono PERC solar cell unit at Baddi raised Jupiter International's installed capacity from 959 MW to about 2 GW through its subsidiary Jupiter Solartech Pvt Ltd; the facility targets high efficiency mono PERC production, aims to double the local skilled workforce, and the company plans a further 1.25 GW TOPCon line to strengthen its technology portfolio and support national renewable energy goals.
February 11, 2026
Show AI Summary
UP Budget 2026-27 boosts infrastructure and textiles with major allocations and targeted employment and MSME support.
UP Budget 2026-27 designates Rs 27,103 crore for infrastructure and industrial development and over Rs 5,041 crore for handloom and textiles, with targeted scheme outlays including Rs 5,000 crore for industrial area expansion, Rs 2,000 crore for the Atal Infrastructure Mission, Rs 1,000 crore to implement the 2023 incentive policy, and Rs 4,423 crore for the powerloom weavers electricity scheme to support industrial expansion, MSME growth and job creation.
February 11, 2026
Show AI Summary
Uttar Pradesh budget focuses on employment generation, youth empowerment and large-scale public recruitment across departments.
State budget prioritizes employment generation and youth empowerment through skill training, device distribution, coaching centres, fellowships, and financial support for entrepreneurship. Recruitment initiatives include over 2.19 lakh police hires since 2017 with ongoing training and further non-gazetted recruitment, Mission Rozgar school appointments and aided-school selections, while MGNREGA person-days exceeded targets, benefiting over 47 lakh families.
February 11, 2026
Show AI Summary
India US interim trade deal alleged to cede energy control and harm farmers and textiles; calls to protect data and food.
The India US interim trade deal is alleged to cede control over energy security, permit foreign influence on oil procurement, expose domestic agriculture to American imports that compromise farmers' interests, and threaten the textile sector, prompting calls to protect the population, national data, food supply and the energy system.
February 11, 2026
Show AI Summary
India US interim trade agreement criticized as one-sided, risking farmers and the textile sector by opening markets to US imports.
The Opposition alleges the interim trade agreement with the United States is one-sided, allowing increased US agricultural imports that threaten farmer livelihoods and undermining the Indian textile sector, framing the government's action as having sold national interests.
February 11, 2026
Show AI Summary
State budget 2026-27 prioritises women empowerment and major police infrastructure and safety funding for working women.
The 2026-27 budget prioritises women centric welfare and law and order infrastructure with a Rs 9.12 lakh crore outlay. Key women's measures include Rs 25 crore for Mission Shakti vehicles for women beat personnel, working women hostels, continued Mukhyamantri Kanya Sumangala payments, BC Sakhi financial activities, milk producer companies under Mahila Samarthya Yojana, and priority cane slips for 60,000 women farmers. Police and safety allocations comprise Rs 1,374 crore for non residential police buildings, Rs 1,243 crore for residential police buildings, Rs 346 crore for new districts, Rs 200 crore for fire station buildings and Rs 190 crore for fire safety and operationalisation of centres.
February 11, 2026
Show AI Summary
Uttar Pradesh budget focuses on employment, infrastructure, health and a three percent fiscal deficit cap under prudent debt management.
A record Rs 9.12 lakh crore budget emphasises capital spending (19.5% of outlay), a three per cent fiscal deficit ceiling, and commitments to prudent debt management. Major sectoral allocations include education (12.4%), health (6%) and agriculture (9%), with detailed appropriations for medical education, new medical colleges, rural health mission funding, national health protection and AYUSH. Economic measures fund infrastructure and industrial promotion, an investment incentive pool, defence corridor projects, MSME support, IT and AI initiatives, and expanded skill-development and PPP employment centres.

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Customs & Trade

Trump has other tariff options after Supreme Court strikes down his worldwide import taxes

February 20, 2026

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Washington, Feb 20 (AP) President Donald Trump still has options to keep taxing imports aggressively even after the Supreme Court struck down the tariffs he imposed last year on nearly every country on earth.

The Justices didn't buy the president's sweeping claims of authority to impose tariffs as he sees fit. But Trump can re-use tariff powers he deployed in his first term and can reach for others, including one that dates back to the Great Depression.

“It's hard to see any pathway here where tariffs end,” said Georgetown trade law professor Kathleen Claussen. “I am pretty convinced he could rebuild the tariff landscape he has now using other authorities." Trump had claimed nearly boundless authority to impose tariffs under 1977 International Emergency Economic Powers Act (IEEPA). But opponents argued before the Supreme Court that that power wasn't necessary because Congress delegated tariff power to the White House in several other statutes — though it carefully limited the ways the president could use the authority.

Tariffs have been a cornerstone of Trump's foreign and economic policy in his second term, with double-digit “reciprocal" tariffs imposed on most countries, which he has justified by declaring America's longstanding trade deficits a national emergency.

The average US tariff has gone from 2.5 per cent when Trump returned to the White House in January to nearly 17 per cent a year later, the highest since 1934, according to calculations by Yale University's Budget Lab.

The president acted alone even though the US Constitution specifically gives the power to tax – and impose tariffs – to Congress.

Countering unfair trade practices ----------------------------------- The United States has long had a handy cudgel to wallop countries it accuses of engaging in “unjustifiable," “unreasonable" or “discriminatory" trade practices. That is Section 301 of the Trade Act of 1974.

And Trump has made aggressive use of it himself — especially against China. In his first term, he cited Section 301 to impose sweeping tariffs on Chinese imports in a dispute over the sharp-elbowed tactics that Beijing was using to challenge America's technological dominance. The US is also using 301 powers to counter what it calls unfair Chinese practices in the shipbuilding industry.

There are no limits on the size of Section 301 tariffs. They expire after four years but can be extended.

But the administration's trade representative must conduct an investigation and typically hold a public hearing before imposing 301 tariffs.

Experts have said Section 301 is useful in taking on China. But it has drawbacks when it comes to dealing with the smaller countries that Trump has hammered with reciprocal tariffs.

“Undertaking dozens and dozens of 301 investigations of all of those countries is a laborious process," Veroneau said.

Targeting trade deficits ------------------------- In striking down Trump's reciprocal tariffs in May, the US Court of International Trade ruled that the president couldn't use emergency powers to combat trade deficits.

That is partly because Congress had specifically given the White House limited authority to address the problem in another statute: Section 122, also of the Trade Act of 1974. That allows the president to impose tariffs of up to 15 per cent for up to 150 days in response to unbalanced trade. The administration doesn't even have to conduct an investigation beforehand.

But Section 122 authority has never been used to apply tariffs, and there is some uncertainty about how it would work.

Protecting national security ------------------------------ In both of his terms, Trump has made aggressive use of his power — under Section 232 of Trade Expansion Act of 1962 — to impose tariffs on imports that he deems a threat to national security.

In 2018, he slapped tariffs on foreign steel and aluminum, levies he's expanded since returning to the White House. He also plastered Section 232 tariffs on autos, auto parts, copper, lumber.

In September, the president even levied Section 232 tariffs on kitchen cabinets, bathroom vanities and upholstered furniture.

Section 232 tariffs are not limited by law but do require an investigation by the US Commerce Department. It's the administration itself that does the investigating – also true for Section 301 cases — “so they have a lot of control over the outcome," Veroneau said.

Reviving Depression-era tariffs ---------------------------------- Nearly a century ago, with the US and world economies in collapse, Congress passed the Tariff Act of 1930, imposing hefty taxes on imports. Known as the Smoot-Hawley tariffs (for their congressional sponsors), these levies have been widely condemned by economists and historians for limiting world commerce and making the Great Depression worse. They also got a memorable pop culture shoutout in the 1986 movie “Ferris Bueller's Day Off." Section 338 of the law authorises the president to impose tariffs of up to 50 per cent on imports from countries that have discriminated against US businesses. No investigation is required, and there's no limit on how long the tariffs can stay in place.

Those tariffs have never been imposed — US trade negotiators traditionally have favoured Section 301 sanctions instead — though the United States used the threat of them as a bargaining chip in trade talks in the 1930s.

In September, Treasury Secretary Scott Bessent told Reuters that the administration was considering Section 338 as a Plan B if the Supreme Court ruled against Trump's use of emergency powers tariffs. (AP) RD RD

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