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    Foreign Trade dept denies sports arms import data under RTI, CIC orders disclosure
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February 24, 2026
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RTI disclosure: numerical figures for sports arms imports must be released following a wrongful commercial-confidentiality refusal under the Act.
A trade department withheld calibre-wise quantities of sports arms imports citing commercial-confidence exemption under the Right to Information, yet admitted possession of the numerical data and failed to justify the exemption's application to mere quantities; the commission required a revised, point-wise reply limited to numerical figures while preserving legitimately exempt material.
February 24, 2026
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Challenge to benami attachment must be brought before statutory Benami Act authorities, not insolvency or company-law forums.
Attachment orders under the Prohibition of Benami Property Transactions Act, 1988 can be challenged only before the statutory authorities and appellate mechanisms provided within that Act; insolvency and company-law fora lack jurisdiction to entertain such challenges and resorting to them to circumvent Benami Act procedures amounts to an abuse of process.
February 24, 2026
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Spectrum auction policy recommends selling all available bands, reclaiming insolvent holders' airwaves, and easing entry to boost competition.
Trai recommends auctioning all available IMT spectrum and reclaiming airwaves from providers in insolvency, lowers networth entry thresholds for new entrants while retaining 2024 eligibility conditions, and proposes a uniform spectrum cap to protect competition without forcing operators to surrender existing holdings. It prescribes auction modalities, standard 20 year charge periods (with special 600 MHz incentives including extended validity, a payment moratorium and delayed rollout), excludes the upper 6 GHz band pending trials, and introduces a coverage for discount scheme with mandatory tower sharing and periodic spectrum revaluation.
February 24, 2026
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Deployment of judicial officers to expedite electoral roll claim verification, with document-based verification and supplementary enlistment permitted.
The Court authorised deployment of West Bengal civil judges and requisition of similarly ranked judicial officers from Jharkhand and Odisha to verify claims and objections in the SIR exercise, required minimum experience for deployed civil judges, and made the Election Commission responsible for travel, honorarium and related expenses. Judicial officers must verify documents specified in SIR notifications and judicial orders permitting Aadhaar and Class X certificates; all documents submitted on or before the cut-off date will be considered. Electoral Registration Officers and Assistant Electoral Registration Officers must satisfy judicial officers regarding document authenticity. The EC may publish the final roll and issue supplementary lists, with the Court invoking Article 142 to enlist voters in supplementary rolls.
February 24, 2026
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Consumer credit information access enables customers to view and simulate effects on their credit score within their banking app.
Integration embeds consumer credit information access into the bank's YONO app, enabling authenticated customers to view their CIBIL Score and full report, use report analysis and FAQs, and operate a score simulator to model credit events (opening/closing accounts, late payments, clearing dues, new enquiries) so users can monitor credit health, learn via gamified content, and make more informed borrowing decisions within a secure digital banking interface.
February 24, 2026
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Foreign exchange intervention: central bank actions influence currency stability amid trade-policy uncertainty and oil-driven external pressures.
The rupee modestly weakened amid a stronger dollar, higher global oil prices, and weak domestic equities, with reports of possible Reserve Bank intervention selling foreign currency to prevent the exchange rate breaching a psychologically sensitive level; trade-policy uncertainty and reference to a Supreme Court ruling are noted as additional volatility drivers.
February 24, 2026
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Supplementary demand for additional budgetary grants expands state allocations across energy, industries, water, and social sectors.
The state government presented supplementary demands totalling Rs 11,995.33 crore-Rs 5,748.10 crore on the revenue account and Rs 6,003.79 crore on the capital account-with the largest allocation of Rs 4,066 crore for energy, labour, industries and mining, including Rs 3,262 crore for power and Rs 803 crore for village and small industries, alongside specified departmental requests for water supply and sanitation, planning, rural development, food and civil supplies, revenue and forest, medical education and drugs, and OBC welfare.
February 24, 2026
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Reduced RoDTEP rates not applicable to agri and processed food exports, DGFT clarifies after rate cuts
The reduced rates and value caps under the RoDTEP scheme notified on February 23, 2026, are not applicable to exports of agricultural and processed food products falling under ITC HS Chapters 01-24, the DGFT has clarified, thereby excluding those chapters from the newly prescribed lower rates and caps and preserving their existing RoDTEP treatment.
February 24, 2026
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Market volatility driven by AI disruption and trade-policy shifts rattles investor confidence, boosting chip stocks while pressuring AI-exposed firms.
Market volatility intensified as heavy selling targeted companies seen as losers from rapid AI adoption while AI infrastructure suppliers gained; a research scenario warning of AI-induced erosion of the human-centric consumer economy heightened displacement and deflationary concerns, prompting reallocations toward chip and equipment makers and steep declines for cybersecurity and software firms. Trade-policy rhetoric and tariff measures further amplified uncertainty, producing mixed regional market reactions and notable moves in oil, currencies, and cryptocurrency.
February 24, 2026
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Trade facilitation for SEZs under the India-UK agreement could boost export competitiveness and attract technology investment.
Seminar examined the India-UK Comprehensive Economic and Trade Agreement's effects on Special Economic Zones, highlighting trade facilitation, reduction of non tariff barriers, improved market access for SEZ enterprises, and the role of SEZ infrastructure and governance in converting treaty commitments into export competitiveness and sustained investment-with targeted focus on IT/ITES and semiconductor SEZs.
February 24, 2026
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Financial modernisation drove phased computerisation and regulatory reforms to strengthen banking operations and promote inclusion.
Satyendra Kumar advocated phased computerisation of banking operations as a strategic investment to correct systemic weaknesses in public sector banks, improve transaction processing and fraud prevention, and pave the way for widespread adoption of Core Banking Solutions.
February 24, 2026
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Regulatory directives not always subject to judicial scrutiny; banks may proceed with fraud classification absent clear irreparable harm.
The Master Directions aim to secure public money by enabling early detection, reporting and mitigation of fraud risk, and not every contravention of those Directions is amenable to judicial scrutiny. Banks may engage external auditors or forensic experts and the Directions do not require a mandatory form of forensic report before banks make final decisions. An earlier interim stay on banks classifying accounts as fraud was set aside as procedurally irregular and based on flawed factual and legal assumptions; continuation of proceedings was held not to cause irreparable harm and injunctive relief was inappropriate.
February 24, 2026
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Nomination rules: one entry per category for BFSI Tech Awards, judged by an independent expert panel; submit by the deadline.
Public and private sector banks, co-operative banks, NBFCs, and insurance companies may nominate measurable, scalable technology-led initiatives. Only one team or division may be nominated per category; multiple entries within the same category are prohibited. Nominations must include detailed case studies addressing objectives, implementation, innovation, measurable outcomes, and long-term impact. An independent panel of industry and technology experts will adjudicate entries to ensure transparent, merit-based evaluation, and awards will be conferred by a designated industry leader. A final submission cutoff and contact details are provided.
February 24, 2026
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Trade policy risk from tariff remarks dents markets, compounding AI-driven IT sector rout and oil-price pressures.
Equity benchmarks fell nearly one percent as a sharp selloff in IT stocks-driven by fears of AI-related disruption-pulled indices lower, while trade-policy uncertainty from tariff remarks and rising crude oil prices compounded market unease; foreign institutional buying contrasted with domestic institutional selling.
February 24, 2026
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Export controls: China bans dual-use exports to selected Japanese firms and tightens licensing with risk assessments and pledges.
China imposed targeted export controls on selected Japanese firms by banning exports of designated dual-use goods to a specified group and requiring individual export licences, risk assessment reports, and written assurances for another group; the measures also bar foreign persons from supplying those banned items and require immediate cessation of related activities.
February 24, 2026
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Presidential tariffs prompt legal uncertainty after court rejection of broader authority, spurring market volatility and potential litigation.
The article reports that the president announced a temporary import tariff measure after the Supreme Court struck down a broader reciprocal tariff regime, raising questions about the scope of presidential tariff authority and the likelihood of subsequent litigation. The announcement produced market volatility as investors weighed legal uncertainty over trade policy and possible challenges to the new, narrower tariff action.
February 24, 2026
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Trade diversification strategy: Canadian prime minister seeks to expand non US exports and secure partnerships on critical minerals and clean energy.
The Canadian prime minister is undertaking visits to India, Australia and Japan to expand export markets and attract investment, conducting high level meetings and sectoral talks-including defence, artificial intelligence, clean energy, critical minerals and food security-to increase non US exports and reduce dependence on the United States, driven by concerns over tariff threats and economic coercion and set against strained Canada-India relations.
February 24, 2026
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Illegally collected tariffs: lawmakers seek mandatory refunds and interest while administration says refunds await court litigation.
Senate Democrats propose legislation directing Customs and Border Protection to refund tariff revenues found to have been collected under unlawful executive orders, requiring refunds within 180 days with interest, prioritising small businesses and encouraging importers and wholesalers to pass repayments to customers, while the administration maintains refunds should be resolved through litigation and that the Supreme Court ruling did not settle refund procedures.
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.
The article concerns the legal and policy dispute after the Supreme Court struck down broad import tariffs imposed under an asserted emergency powers authority, the executive threat to raise and enforce uniform import taxes despite that ruling, and proposed legislation to require refunds with interest administered by customs, prioritizing small businesses, while refund procedures remain legally and operationally uncertain.

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Customs & Trade

Best Crypto To Buy Now: DeepSnitch AI Teases Working AI Dashboard, Strengthening the Community’s 100x Bets, BNB and XRP Log Small Recoveries

February 21, 2026

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New Delhi [India], February 21: Despite being impeded by the Supreme Court, Trump announced 10% global tariffs, calling the ruling “ridiculous”. Tariffs, so far, have heavily affected the markets, meaning that a new wave of sell-offs could happen if the macroeconomic tailwinds turn bearish. Thus, DeepSnitch AI could be the best crypto to buy now as its presale status shields it from volatility. So far, DeepSnitch AI raised $1.67M and has also released significant updates (including the sneak peek of its dashboard) on its prediction and analytics suite powered by five AI agents.

Are new tariffs coming? On February 20, US President Donald Trump announced a 10% global tariff right after the Supreme Court struck down his authority to impose tariffs under the International Emergency Economic Powers Act (IEEPA).

Trump called the ruling “ridiculous” and vowed to use alternative legal tools, including the Trade Expansion Act of 1962 and the Trade Act of 1974. The President stated that tariffs under Section 232 and Section 301 remain fully in place and in full force and effect.

Trump’s previous tariffs on Canada, Mexico (25%), and China (10%) were framed as national security measures and are believed to have contributed to sell-offs in equities and crypto markets.

Since this news may usher in a new wave of sell-offs, the best crypto to buy now, according to many traders, could be something in the presale sector.

Best coins to buy right now 1. DeepSnitch AI interface preview released $DSNT highlighted as one of the leading high-growth crypto picks Friday recovery is in full swing. However, these periods have always been short-lived in Q1, which is why many traders anticipate the chop to return during the weekend. Thus, early-stage bullish setups, such as DeepSnitch AI, remain popular.

DeepSnitch AI, particularly, is making rounds not only for securing $1.67M and 100x-300x community predictions, but also for its utility and rapid development progress. The project revealed a preview of its dashboard, which shows off the platform’s simplicity. Built around five unified AI agents, the dashboard will allow you to access various analytics services in a few clicks. This means you can track sentiment shifts and FUD storms, find hidden gems and early alpha opportunities, and even scan tokens for rugs within a unified interface.

Zero friction is the main idea here, as the platform also includes an LLM-style DYOR tool that allows you to paste a token contract address for an instant risk assessment.

The token is currently priced at $0.04064, and the latest bonus codes provide a new layer to an already affordable package. The full range of services, robust fundamentals, and 100x-300x potential make DeepSnitch AI the best crypto to buy now.

https://youtu.be/jVCQ30HIJj8 2. BNB: Can BNB recovery stick? According to CoinMarketCap, BNB traded around $627 on February 20. Many traders aren’t convinced that the recovery will stick, but if it reaches the $669 resistance level, a rally toward $730 could happen, with the next target set at $797.

While this move would technically make BNB a solid contender for the best crypto to buy now, a bearish scenario remains in play. In that case, the recovery will stall, and BNB could fall below $600 and as low as $500.

3. XRP: What’s next for XRP? XRP remained around $1.42 on February 20, according to CoinMarketCap. While the coin logged a small recovery, XRP is still short of reaching the $1.50 (20-day EMA), suggesting that there isn’t much demand at the moment, especially at higher levels.

To start a full recovery, buyers must close above the downtrend line, but the bearish scenario is more likely. XRP could drop to the support line. Closing will confirm the bearish sentiment, opening the possibility of a drop to $1.11.

Nearing $1 may seem harrowing in the short term, but it also presents a nice discount. XRP may not be the best crypto to buy now, but the drop may be a solid entry point.

Final words: Enrich your portfolio Friday pumps are temporary, but utility is more of a long-term play. DeepSnitch AI is not only an opportunity that can help you avoid the short-term swings (due to its presale status), it’s also the crypto that could continue growing throughout the bear market and beyond.

With over $1.67M in the bank and 100x-300x projections circling the community, the trajectory is secured. However, the recent development updates and the release of the dashboard preview will only strengthen the resolve of tech-focused traders and confirm DeepSnitch AI’s standing as the best crypto to buy now.

You can also get extra value by applying a series of bonus codes at checkout. The most interesting ones are the DSNTVIP50 code (50% bonus $5K+ allocations) or DSNTVIP300 (300% on $30K+ investments).

Enrich your portfolio and participate in the DeepSnitch AI presale. Check out X or Telegram for the latest updates.

FAQs 1. How are Trump's tariffs affecting the crypto market in recent news? The US Supreme Court struck down Trump's sweeping tariffs, which eased trade uncertainty and started a small rally.

2. What stands out about DeepSnitch AI as the best crypto to buy now? Along with $1.67M raised at $0.04064 entry, a strong community 100x hype, the recent dashboard preview significantly boosted the conviction about the project’s mass appeal and 100x potential.

3. How does the DeepSnitch AI dashboard preview enhance its appeal in this volatile market? The clean dashboard preview shows seamless access to AI analytics from one interface that doesn’t necessitate any complex action. Traders can choose an analytics service and get AI- driven data in a few seconds.

Disclaimer: Trading cryptocurrencies/digital assets carries a high level of risk, and may not be suitable for all investors. You should be aware of all the risks associated with cryptocurrency/digital asset trading, and seek advice from an independent financial advisor. Any opinions, news, research, analyses, prices, or other information contained on this website is provided as general market commentary, and does not constitute investment advice. The website or its publishers will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.The above content is published as received and has not been edited by the channel staff. The channel holds no responsibility for its content.

(Disclaimer: The above press release comes to you under an arrangement with PNN and PTI takes no editorial responsibility for the same.). PTI PWR

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