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    IICA Renews MoU with NALSAR University of Law to Strengthen Academic Collaboration and Capacity Building
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February 19, 2026
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Memorandum of Understanding renewal strengthens academic collaboration, joint research, faculty exchanges and capacity building between institutions.
Memorandum of Understanding renewal establishes a five-year institutional framework for academic collaboration between IICA and NALSAR, formalising faculty and student exchanges, joint research and publications, expert advisory services, and the organisation of workshops, seminars and conferences; it consolidates a two-year residential LL.M. programme in Insolvency and Bankruptcy Laws combining academic instruction and industry exposure.
February 19, 2026
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Ease of Doing Business reforms to rationalise e-forms and streamline corporate compliance through digital governance and consultations.
A high-level Advisory Group on Ease of Doing Business will recommend measures to rationalise e-forms and simplify corporate compliance under the Companies Act by reducing duplicative filings through consolidation, automation and event-based processing, develop an Integrated Form Blueprint and a phased implementation roadmap, conduct stakeholder consultations and impact assessments, and propose draft amendments to support a modern, transparent, technology-driven corporate regulatory framework; the School of Business Environment, IICA, will serve as Secretariat and a research MoU with the Ministry will produce evidence-based recommendations.
February 19, 2026
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National accounts methodology revised to adopt new data sources and updated compilation methods aligning quarterly and annual estimates.
Revision of national accounts introduces new administrative and survey data, disaggregated modeling, and updated rates to improve sectoral estimates. Corporate sector changes include activity wise revenue splitting and disaggregated Paid up Capital multipliers; government estimates add imputed housing services and wider coverage; household estimates move to annual direct estimation using specific surveys. PFCE uses a mixed survey/production/commodity flow approach with COICOP 2018, and quarterly benchmarking adopts Denton proportional benchmarking to align QNA with annual accounts.
February 19, 2026
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Trade tariffs nullified by national economic strength - call for self-reliance and firmness in external trade relations.
India's prospective leadership of the Global South and economic self-reliance were foregrounded, asserting that strengthened national capacity will nullify the effect of external tariffs and reduce foreign leverage. The speaker urged firmness in trade relations, linked social harmony and a shared Hindu identity to national unity, advocated moving temple administration from government control to devotees, and highlighted village-level development work including education, dispute resolution, land access, and local employment.
February 18, 2026
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Sovereign energy policy: India's continued purchase of Russian hydrocarbons seen as mutually beneficial despite US claims.
Russia's Foreign Ministry states it has no reason to believe India has changed its position on purchasing Russian hydrocarbons, asserting such purchases are mutually beneficial and help maintain international energy market stability. The statement rebuts US claims that India agreed to stop importing Russian crude, notes that India has not confirmed Washington's assertion, and characterises previous US actions - tariffs, sanctions and prohibitions - as coercive measures intended to dissuade countries from buying Russian oil.
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.
Provisional attachment under the Prevention of Money Laundering Act was used to secure an immovable property in Kerala linked to proceeds allegedly generated through cheating by an online bidding application, with investigators tracing diverted funds to celebrity endorsement payments, cryptocurrency trading losses and personal expenses and issuing a provisional order to preserve the property equivalent to the identified proceeds.
February 18, 2026
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Free trade agreement momentum boosted as leaders discuss cooperation across technology, shipbuilding and corridor connectivity.
Leaders focused on strengthening bilateral ties by promoting a Free Trade Agreement and enhancing cooperation in technology, innovation, shipbuilding, blue economy, and connectivity via the India Middle East Europe Economic Corridor. Croatia flagged increased trade and opportunities in logistics, maritime transport, digital transformation, defence and security, and emphasised its gateway role linking the Three Seas Initiative with the IMEC corridor. The visit occurred alongside the AI Impact Summit, framing AI's policy relevance to these economic agendas.
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.
Competition Commission approval granted for an internal reorganisation by Bennett Coleman & Company Limited to demerge and transfer specified entities, businesses, undertakings, assets and liabilities (EIBME Business) into newly incorporated Times Horizon Private Limited on a going concern basis, with further detailed order to follow.
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.
February 18, 2026
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Trade agreements driving investment: operationalising TEPA and sectoral cooperation to convert agreements into industrial collaboration and investments.
India emphasises an expanding trade architecture providing a durable framework for trade, industrial collaboration and long-term investments, supported by domestic regulatory and budgetary reforms to ease compliance. Discussions focused on operationalising the TEPA with the European Free Trade Association (EFTA) and on sectoral cooperation in renewables, carbon capture, rare earths, green tech, maritime, fisheries, semiconductors and financial services, with presentations outlining bilateral investment potential and mechanisms to translate agreements into practical cooperation.
February 18, 2026
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Anticipatory bail denial in money laundering probe tied to cyber fraud highlights custodial interrogation necessity.
Refusal of anticipatory bail to a chartered accountant in a PMLA investigation stemmed from an alleged intricate mesh of laundering involving layering through thousands of mule accounts, use of an overseas payment platform and cross border cash withdrawals; the high court held custodial interrogation necessary to unravel transactions crafted by skilled professionals and to secure electronic evidence, distinguishing ordinary cryptocurrency dealings from an organised scheme to siphon investors' funds and noting allegations of assault, bribery and destruction of electronic material.
February 18, 2026
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India-EU Free Trade Agreement expands economic ties and drives technology, defence and education cooperation across Europe and India.
The India EU Free Trade Agreement is presented as the principal catalyst for deeper India-Europe economic relations, expected to expand market access and commercial opportunities. Bilateral meetings with Spain and Finland focused on leveraging the FTA to strengthen economic partnership and targeted cooperation in defence, security, advanced technologies (including AI and 6G), clean energy and higher education, while India's AI Expo serves as a platform to operationalise joint technology, startup and institutional collaboration.

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Customs & Trade

Market Trends Indicate a Turning Point for Bitcoin Mining Hardware in India

February 23, 2026

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In the last few years, the concept of a cryptocurrency miner India was mainly restricted to a select group of enthusiasts and early adopters. The situation is evolving as more investors, technologists as well as small-scale businesses are exploring the possibility of bitcoin mining india as part of a wider plan for digital assets. However the market data indicates that India's part of the mining hardware demands around the world has increased from a low beginning and is one of the fastest-growing segments of Asia. This change is driven by greater connectivity, less expensive hardware per terahash and the gradual transition from experimental installations to more professional power-aware home and data centre deployments.

In India, the Expanding Digital Infrastructure The digital infrastructure of India has grown rapidly, with data centers as well as fiber networks and cloud platforms growing across the major cities as well as the developing tech hubs. These upgrades are quietly supporting the crypto mining infrastructure in India due to the fact that solid connectivity and steady power are essential for any serious mining venture.

Private data-centres and government-backed constructions are also tied to larger infrastructure investments in India specifically in connectivity and power. As AI 5G, AI and cloud-based workloads increase and demand for planning, the planners have to consider the demand for power infrastructure and indirectly benefit miners who are able to occupy machines in modern locations where power quality and uptime are better than typical homes.

Are Bitcoin mining operations increasing in India? Yes. Although India is still a tiny percentage of global hashrate mining hardware revenue, mining hardware sales from the nation are increasing by double digits and India is expected to be among the fastest-growing markets for mining hardware in Asia in the coming years. It is not just confined to large farms. It can also be found in smaller powerful rigs, which are located in offices, homes and co-location racks.

Growing Demand for ASIC Mining Hardware As margins are tightening across the globe mining companies are becoming more cautious about their equipment and that is pushing Indian buyers to ASIC mining hardware instead of general-purpose GPUs. Analysts predict that the India bitcoin mining market is likely to nearly double in the period between 2023- 2030 with the bulk of this expansion tied to Bitcoin-focused equipment.

In this environment, India crypto hardware demand is shifting away from pure hashrate to reliability, efficiency as well as after-sales assistance. Buyers who are looking to buy bitcoin mining equipment india are now comparing joules-per-terahash warranties, and repairs in the local area, and not just price per unit, which is an indication of a market that is maturing.

What is the reason for ASIC hardware demand rising? ASICs provide a higher number of hashes per Watt than GPUs, and that is important in a nation where power prices could quickly wipe out thin mining margins. As newer generation chips boost efficiency and competition in the global market reduces the price per terahash unit, increasing the number of Indian mining companies are looking at ASICs as their only option to remain profitable through many difficulties.

Shift from GPU To ASIC Systems In the past there were a lot of small Indian establishments that relied on gaming cards due to their being easily sourced and sold. The window for this is closing now that competitiveness and network difficulties make older GPU equipment unaffordable for Bitcoin especially when you consider the noise and cooling in urban environments with lots of noise.

Even a small bitcoin miner that is built around an advanced ASIC will provide much greater performance and a better payback rate than a room filled with older GPUs. However, this doesn't necessarily mean GPUs disappear completely; however, specifically for Bitcoin in particular, their use is diminishing in the same way that ASICs are becoming the preferred option.

Supply Chain and Participation in the Domestic Market Globally the supply chain remains centered around a few manufacturers and suppliers, however India's position as a major electronic and semiconductor buyer is changing the way integrators and distributors are serving their local customers. The reports regarding the ASIC hardware market in India have shown an increase in imports of semi-custom and customized chips, and a growing interest of Indian design firms in providing ASIC designing and manufacturing solutions for specialized tasks, such as mining.

These trends don't mean India is going to suddenly produce cutting-edge mining chips, however, they do suggest greater local involvement in testing, logistics hosting, and the integration of mining equipment imported from abroad. This ecosystem supports makes it simpler for newcomers to use hardware without starting from scratch.

Snapshot Forces Shaping India's Mining Hardware A Turning Point Regulation, Electricity and Sustainability Growing demand for mining electricity in India is among the primary reasons that large-scale industrial farms are prone to disruption particularly in states with grid limitations or rely extensively on coal. Mining companies are moving to areas that offer better rates as well as solar-powered hybrid systems that decrease the dependence on grids over time.

On the political side and on the policy side, regulation of crypto mining India is in the process of evolving. Mining itself is not banned, but it sits inside broader tax, anti-money-laundering, and exchange-control frameworks rather than under a dedicated mining law. The ongoing discussions on regulatory clarity India crypto center on disclosures, flows across borders, and environmental reporting. These discussions may eventually be formalized to codify the best practices, rather than closing the doors to mining completely.

Is cryptocurrency mining allowed in India? As of the date of writing this article, the operation of mining equipment isn't explicitly prohibited in India However, miners must adhere to the tax laws, KYC requirements when converting currencies to fiat and any new disclosure requirements which regulators will introduce. Because the landscape is ever-changing and changing, many operators maintain their profile low and favor transparent accounting in order to minimize future risks of compliance.

What impact does mining have on the use of electricity? Mining is a constant and high-uptime burden on local grids. This can increase the cost of electricity and strain on peak-time systems if equipment isn't working properly or poorly cooling. If miners combine with efficient ASICs with off-peak energy usage or renewable energy sources, they are able to lower costs and reduce environmental impact as compared to older, energy-hungry rigs.

What Does This Mean for the future of Crypto Mining in India When you put these pieces together, India is shifting from a sporadic hobby community to an organized bitcoin mining industry India which is determined by efficiency measures as well as infrastructure quality and policies rather than speculation by itself. The majority of buyers view hardware as a capital investment for the long term that has to be in line with local tariffs, regulations and hosting rules.

If you're planning to be a crypto miner in India or to upgrade the current setup, this turning point will mean more research, but also improved tools. Platforms such as miningnow.com allow you to plug in hashrates, power consumption and tariffs to calculate real-time returns before committing equipment to a particular website. Bharat Miners is frequently cited by Indian miners as a reliable source of information in comparing models and understanding the impact of global trends on India's market place for high-end ASIC equipment in India. As the landscape develops those who can combine precise profit calculations with most suitable bitcoin miner selections will likely be the ones who are still operating smoothly throughout the next cycle.

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

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