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    Rising number of Indian freelancers, digital entrepreneurs forming US companies; compliance risks often overlooked, say experts
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    Cong cites OCCRP report to allege use of benami funds to amass large stakes in Adani Group
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February 18, 2026
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Foreign owned US LLC compliance: nonresident owners face mandatory IRS reporting and parallel Indian tax and FEMA obligations.
Nonresident ownership of US single member LLCs triggers an annual IRS Form 5472 filing obligation with steep per form penalties for non filing; this filing must be submitted by mail or fax. The US FinCEN BOI exemption for domestically formed entities does not remove Form 5472 duties. Indian residents must report and tax worldwide income and may face FEMA and Overseas Direct Investment reporting requirements, so professional cross border tax and FEMA advice is recommended before formation.
February 18, 2026
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Tariff elimination boosts India's export competitiveness, enhancing global sourcing and buyer engagement through imm india's trade platform.
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.
February 18, 2026
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Trade tariffs reshape investment flows as US-Japan deal ties increased export levies to large bilateral investment commitments.
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.
February 18, 2026
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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.
AU Small Finance Bank's enhanced digital savings account focuses on instant digital account opening, UPI integration, 24x7 mobile banking, contactless debit card capabilities, and an integrated savings account interest rate calculator that provides transparent interest rate visibility to help customers evaluate returns, plan finances, and maintain liquidity while supporting financial inclusion.
February 18, 2026
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Business correspondent operationalisation advances as banks urged to scale services and complete digital monitoring and geotagging.
Monitoring Committee reviewed operational and governance aspects of the Business Correspondent model, noting implementation of a Business Correspondent Registry that identifies duplicate BCs and captures service and performance records; member banks completed geotagging of BC points and are using digital monitoring tools. The Committee advised banks to scale up and expand services at BC outlets, and discussed commission structures in remote areas, grievance resolution for BC organisations, and coordination to strengthen performance monitoring and financial inclusion.
February 17, 2026
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People's budget shaped by public suggestions to advance development priorities while maintaining fiscal discipline in state finances.
The upcoming state budget is characterized as a people's budget shaped by public suggestions, with over twelve thousand submissions and several thousand to be incorporated. It follows prior budget commitments-248 announcements with seventy-seven implemented and most others near completion-and is presented against strengthened fiscal metrics: rising GDP and per capita income, increased own revenue, broad departmental expenditure, fiscal deficit within FRBM limits, and a higher central tax share under the 16th Finance Commission. Socio economic gains cited include employment growth, expanded higher education, MSME formalisation, and export increases.
February 17, 2026
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Trade deal protections for farmers: government assures imports will be allowed only where farmer interests are safeguarded.
The minister stated the interim India-US trade agreement includes safeguards to prevent harm to farmers while allowing necessary imports to address domestic shortages; he defended policy choices on MSP orientation, procurement and buffer stocks as central to protecting farmer interests, and announced Bharat-VISTAAR, an AI-based platform to deliver market prices, crop advice, weather updates and scheme information to enhance farmer welfare and transparency.
February 17, 2026
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PMLA bail conditions prevent release where alleged large-scale fund diversion, multiple FIRs and risk of evidence tampering exist.
Denial of regular bail under the Prevention of Money Laundering Act followed allegations that the accused diverted homebuyer funds, leaving major construction incomplete; investigative records and account certifications showed a large shortfall between amounts collected and expenditure, and the accused was named in multiple FIRs and charge-sheets. The court found a strong possibility of reoffending or tampering with evidence if released and held that the PMLA twin bail conditions-opportunity for the prosecutor to oppose bail and judicial satisfaction of non-guilt and non-recidivism-were not satisfied.
February 17, 2026
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Secured shareholding: Byju's stake in Aakash to remain secured pending NCLAT disposal; TLPL allowed to subscribe.
Aakash undertook in the Supreme Court that Byju's shareholding in Aakash shall remain secured until disposal of the interlocutory application before the NCLAT; the Court recorded that undertaking and gave Byju's parent a limited period to subscribe to the second tranche of the rights issue. The dispute arises from TLPL's challenge to the rights issue amid TLPL's insolvency proceedings, and the NCLAT has permitted TLPL to apply for shares up to its original entitlement while restraining Aakash from taking matters requiring a special resolution until the dispute is adjudicated.
February 17, 2026
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Reporting requirement for local-currency foreign exchange derivatives now covers related-party global transactions; stakeholders invited to comment.
The Reserve Bank proposes draft Directions requiring Authorised Dealer Category - I banks to report foreign exchange derivative transactions involving the Indian currency undertaken by their related parties globally, extending trade repository coverage to offshore rupee derivative flows to enhance market transparency and pricing. The measure builds on earlier requirements for market-makers, primary dealers, and banks to report OTC and rupee interest-rate derivatives, and is published for stakeholder consultation with specified submission procedures.
February 17, 2026
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Customs digitisation shortens clearance times, enabling asset-backed logistics expansion aligned with infrastructure-focused trade reforms.
Union Budget emphasis on multimodal freight connectivity and customs modernisation is expected to reduce structural logistics costs and improve transit predictability. Glottis Logistics will invest in trailers and container assets to increase owned capacity, reduce third-party dependence and strengthen execution across trade corridors. Concurrent customs digitisation measures-electronic cargo sealing, non-intrusive inspections and extended duty deferment for authorised operators-aim to shorten clearance times and ease working capital pressures, making asset-backed operators with disciplined capital allocation better positioned to capture long-term trade competitiveness gains.
February 17, 2026
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Draft directions on foreign exchange dealings invite public comment to broaden authorised dealers' flexibility in products, risk management and platforms.
The Reserve Bank has issued draft Directions on Foreign Exchange Dealings of Authorised Persons and invited stakeholder comments. The draft seeks to refine regulation by expanding facilities and operational flexibility available to authorised dealers, focusing on foreign exchange products, risk management and trading platforms. It forms part of regulatory updates announced in the recent Statement on Developmental and Regulatory Policies, and specifies submission channels for public feedback.
February 17, 2026
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Health insurance co-payment options enhance CGHS beneficiary coverage with cashless hospitalization access and flexible network choices.
Paripoorna Mediclaim Ayush Bima is an optional indemnity-based in patient hospitalization policy exclusively for CGHS beneficiaries, coverable up to six members per policy. The product offers selectable co-payment sharing ratios between insurer and subscriber, cashless treatment through insurer and Third Party Administrator networks, and is promoted as a retail complement to existing CGHS benefits with a GST exemption to improve affordability.
February 17, 2026
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Economic security tied to self-reliance and trusted partners as trade deals reshape export controls and supply chains.
India is intensifying engagement from a position of strength, using recent trade agreements to strengthen economic security through self reliance, trusted partners, supply chain diversification and de risking in response to weaponised production, tightened export controls, market leverage and tariff induced demand uncertainty.
February 17, 2026
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Financial performance: Axis Max Life posts strong premium and profitability growth, boosting market share and new business margins.
Axis Max Life's 9M FY26 results show 20% YoY growth in Individual Adjusted First Year Premium to Rs. 6,396 crores and a 30% YoY increase in Value of New Business to Rs. 1,633 crores, with New Business Margin at 23.6% and private market share rising by 53 basis points to 9.8%; renewal premium, gross written premium, Embedded Value and Assets Under Management also registered double digit growth, while the release includes a standard disclaimer on forward looking statements and investment reliance.
February 17, 2026
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Money laundering probe: Tina Ambani skips ED summons; investigation targets alleged fraudulent foreign remittance and property sale.
Tina Ambani failed to appear for a second ED summons in a PMLA investigation concerning an alleged money trail tied to a Manhattan condominium purchase; she has been issued a fresh notice and will be questioned with her statement recorded under the Prevention of Money Laundering Act. The ED alleges a fraudulent sale of the New York property during a corporate insolvency process and that sale proceeds were remitted via a sham investment arrangement through a Dubai-based entity without the Resolution Professional's knowledge. The agency has arrested a former executive, formed a Special Investigation Team, attached assets, and filed multiple Enforcement Case Information Reports against group companies.
February 17, 2026
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Goods and Services Tax expansion lifted revenues and IGST settlements, backed by tech-driven compliance and targeted small-taxpayer measures.
GST receipts in the Union Territory rose steadily over three years, with concurrent IGST settlements from the Centre reflecting the destination-based tax design. The unified Goods and Services Tax (GST) regime and technology-enabled compliance (online registration, return filing, refunds, e-way bills) strengthened tax administration and widened the tax base. Administrative measures-Composition Scheme, quarterly returns, QRMP and district Suvidha Kendras-aim to ease compliance for small taxpayers, while sector-specific rate rationalisation and concessional inputs support handicrafts, horticulture and tourism. Remaining issues for small and unorganised producers include compliance burdens and IGST refund delays, which authorities are addressing through simplification and support.
February 17, 2026
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Exports growth drives trade expansion with larger services surplus despite a widening merchandise trade deficit in estimates.
India's combined merchandise and services exports for April-January 2025-26 are estimated at US$ 720.76 billion, up year on year, while combined imports are estimated at US$ 823.41 billion, producing a wider trade deficit; merchandise exports were US$ 366.63 billion and non petroleum exports US$ 320.94 billion, with services exports driving a services surplus of US$ 180.58 billion for the period.
February 17, 2026
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Vote on account authorizes provisional state expenditures to maintain services pending a full election year budget.
An interim state budget was presented seeking a vote on account to authorize provisional expenditures for the initial months of the 2026-27 financial year, enabling continuity of government services pending a full budget. The finance minister framed the vote on account alongside reported strong GDP expansion and rising per capita income to contextualize fiscal planning in the election year.

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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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