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February 10, 2026
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Markets extend third day rally as Asian peers and foreign inflows lift benchmarks amid trade optimism.
Equity benchmarks extended a three day rally as positive Asian peers and sustained foreign institutional inflows supported gains; optimism over an interim trade framework with the United States and strength in US markets boosted investor sentiment while markets awaited US employment and CPI data to guide Fed policy. Foreign institutional investors bought equities worth Rs 2,254.64 crore and Brent crude eased slightly, with several large caps among the session's gainers and select financials and consumer names lagging.
February 10, 2026
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US-India trade framework requires India to cut tariffs, boost US purchases, and negotiate digital trade and supply chain rules.
The United States and India will implement a framework toward an Interim Agreement aiming to conclude a Bilateral Trade Agreement; India will eliminate or reduce tariffs on US industrial and specified agricultural goods and commit to significant purchases of US products, while the US will adjust reciprocal tariffs. The parties will continue negotiations on remaining tariffs and non-tariff barriers, rules of origin, services and investment, intellectual property, government procurement, digital trade rules including removal of digital services taxes, and measures to strengthen economic security and supply chain resilience.
February 10, 2026
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The rupee fell to 90.77 against the US dollar as markets reacted cautiously to the India-US interim trade framework; concerns about continued US oversight of energy imports and possible penalties diminished initial optimism. Technical support around 90.00-90.20 is viewed as key, with RBI intervention via dollar purchases expected to anchor the currency, while FII inflows have improved sentiment but their durability is uncertain.
February 10, 2026
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Tina Ambani to be re summoned for questioning in a money laundering probe linked to a Manhattan condo purchase.
Enforcement Directorate to issue fresh summons for questioning in an alleged money laundering probe linked to a Manhattan condominium purchase; a prior request to depose went unmet and a former corporate executive has been attested as part of the inquiry. These actions occur within a broader investigatory framework in which a Special Investigation Team is probing alleged bank fraud and related financial irregularities concerning a corporate group on the directions of the Supreme Court.
February 10, 2026
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US tariffs on Bangladesh trimmed to 19% with zero reciprocal tariff for certain apparel made with US inputs.
The United States and Bangladesh agreed to reduce reciprocal tariffs to 19 per cent and to establish a mechanism granting zero reciprocal tariff treatment for certain textile and apparel goods made in Bangladesh using US produced cotton and man made fibre, alongside commitments on imports, e commerce tariff restraint, intellectual property standards, and support for WTO reform.
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BJP women MPs urged the Speaker to initiate disciplinary action under House rules against opposition members for entering the well, climbing on tables, tearing and throwing papers, carrying banners, moving into treasury benches, and laying siege to the Prime Minister's seat, asserting these acts breached parliamentary decorum and requesting the strongest possible sanctions; the letter notes ruling party restraint and situates the events amid earlier disruptions and subsequent procedural consequences, including passage of the Motion of Thanks without the Prime Minister's speech and suspensions of members.
February 10, 2026
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Shivakumar orders a special investigation into alleged irrigation department looting while pursuing consultations on the Mekedatu reservoir.
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February 10, 2026
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Homeland Security funding is being negotiated with Democrats demanding strict new ICE restrictions, including warrant, ID and use-of-force reforms.
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February 10, 2026
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Israeli strikes in Gaza amid a months-long ceasefire and UN concern over expanded West Bank control.
Israeli strikes in Gaza during a months-old ceasefire killed civilians amid contested tactical exchanges; Israel describes the strikes as precise responses to fire it says violated the truce. A UN official warned that Israeli measures to deepen control over the West Bank could be unlawful and destabilising for the Occupied Palestinian Territory, linking settlement-facilitating policies to erosion of Palestinian Authority powers. Rafah crossing operations show limited humanitarian movements and unresolved authorisation and coordination issues.
February 10, 2026
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AIMIM says chief ministers seek its support and alleges GST rationalisation cost Telangana Rs 7,000 crore.
AIMIM claims chief ministers seek the party's support to secure electoral and developmental gains, citing influence in the Jubilee Hills by-election. The party alleges GST rationalisation caused a Rs 7,000 crore loss to Telangana and faults the state government for not implementing promised minority-welfare funding and subsidised loans, while accusing the BJP of communalising politics and diverting attention from core issues like employment, farmers' welfare and housing.
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Uttar Pradesh budget increases to Rs 8.33 lakh crore with record health allocation improving institutional deliveries and medical infrastructure.
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February 9, 2026
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Shivakumar to visit Delhi Feb 10 to meet party leaders, water minister and legal counsels; orders SIT on irrigation corruption.
D K Shivakumar will travel to Delhi on February 10 to meet party leaders, the Union Water Resource Minister and legal counsels; he will seek Chief Minister Siddaramaiah's permission because the Chief Minister chairs the Irrigation department. Officials will brief Siddaramaiah on the proposed Mekedatu balancing reservoir on the Cauvery. Shivakumar has ordered formation of a Special Investigation Team in the Revenue Department to probe an alleged nexus looting the Irrigation Department.
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Telangana's Chief Minister alleges systematic disadvantage in central fiscal devolution and discretionary special-package allocations, claiming major projects were diverted from the state and that southern regions receive far lower returns on contributions; he asserts tacit political understanding between the national party and a regional rival, questions selective central investigative action in high-profile matters, and proposes consulting other regional leaders before seeking collective remedies while linking project approvals to future state revenue growth.
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February 9, 2026
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Agricultural trade agreement secures protection for major grains and dairy while opening export markets and duty relief for spices.
The agreement preserves domestic controls by excluding major foodgrains (wheat and paddy), protecting fruits and vegetables, and prohibiting imports of dairy products such as milk, curd, buttermilk, butter and milk powder; a detailed list of covered commodities will be published and spices are to receive zero per cent export duty treatment, while the pact opens expanded market access to international markets to boost exports and farmer income.

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Customs & Trade

Trade deal with US compromises India's interests in agriculture sector; farmers to suffer: Kejriwal

February 21, 2026

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Ahmedabad, Feb 21 (PTI) AAP leader Arvind Kejriwal on Saturday accused the Centre of "selling" India and its farmers to the US through the interim trade deal, and claimed that it is for the first time that the country's interests in the agriculture sector have been compromised in such a manner.

He expressed fear that India's exports to the US will eventually stop as our goods will become 18 per cent more expensive in that country, which will ultimately pose a big threat to the farmers.

Kejriwal and Punjab Chief Minister Bhagwant Mann are in Gujarat to prepare groundwork for their Aam Aadmi Party (AAP) ahead of the Gujarat assembly elections expected to be held in December 2027.

Addressing a press conference, Kejriwal said, "For the first time, India has compromised in the agriculture sector in such a manner. In the coming days, we will see the impact of this trade deal. Prime Minister Narendra Modi sold the entire country and the farmers to the United States. The country will never forgive this." The US had imposed a reciprocal tariff of 25 per cent on India in August last year. Later, an additional 25 per cent was imposed for buying Russian crude oil, taking the total tariffs on India to 50 per cent. Earlier this month, both countries agreed to finalise an interim trade deal, under which Washington will cut down the tariffs to 18 per cent.

The US Supreme Court, however, passed a verdict against President Donald Trump's sweeping duties on several nations, following which India will now face a lower reciprocal tariff of 10 per cent. According to Trump's proclamation, the temporary import surcharge of 10 per cent is for a period of 150 days from February 24.

Dubbing the trade deal as "unfortunate", Kejriwal said Gujarat produces maize, soybean, dairy products, peanut and cotton.

"Many of these products are exported, especially to the US. In this free trade agreement, it is written that the goods we send to the US will face an 18 per cent tariff. If our goods become 18 per cent more expensive in the US, how will we remain competitive there? Our exports will eventually stop," the former Delhi chief minister said.

"On the other hand, when American cotton is sent to India, earlier there used to be significant duty on it but it has now been brought down to zero. So American cotton will come to Gujarat, and when it is sold here, our farmers will not be able to compete with it. So the cotton produced by Indian farmers will neither sell in India nor in the US," he said.

"Our farmers will suffer losses. This is the situation. Why did PM Modi make such a treaty with the USA?" he asked.

Kejriwal also criticised the annual budget presented in Gujarat recently, saying that the common man has high expectations from it because household finances depend heavily on government decisions.

People look to the budget for relief in prices and improvements in essential sectors like education and healthcare. But there is nothing in it for the common people. The budget lacks provisions of education and there is nothing for healthcare, roads, farmers, traders, women, unemployed or any section of society, he alleged.

"Elections are about one-and-a-half years away. Often it is seen that when elections approach, at least governments try to do something - give some relief so that they can get votes. But the Gujarat government is not even concerned about that," he said.

Kejriwal hit out at the opposition Congress, saying people do not want to vote in favour of that party.

"Because of that, the BJP has become arrogant - thinking that they do not need to do anything. The entire budget is only aimed at exploiting people. This budget shows their arrogance and is an insult to the people of Gujarat. But in the assembly elections, people will give their answer," the AAP leader said. PTI KVM PD NP

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