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    Assam govt tables Rs 62,294.78 cr interim budget for FY'27
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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.
February 17, 2026
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Fiscal consolidation emphasized as interim budget pledges targeted social and transport allocations while alleging central fiscal bias.
Interim Budget 2026-27 allocates major sums to social security and transport-including a fare free bus travel scheme for women, student bus fares, diesel subsidy, and a Viability Gap Fund-while reporting a large revenue deficit and projecting a Fiscal Deficit targeted to reduce to three percent of GSDP. The estimates set out planned borrowings and repayments as part of debt management. The Minister alleged central actions have intensified Tamil Nadu's fiscal stress, criticised the 16th Finance Commission's recommendations, and urged central approval for pending metro projects.
February 17, 2026
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Tariff reduction and FTA negotiations signal strengthened trade engagement and strategic economic diplomacy to secure market access.
India is intensifying economic engagement to secure market access through negotiated tariff reductions and the conclusion of substantive negotiations on a proposed free trade agreement, while responding to global shifts that include the use of export controls, market leverage and other measures as instruments of state economic policy.
February 16, 2026
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Tariffs on Indian goods and ongoing trade agreement adjustments affect export competitiveness and sectoral trade flows.
India's merchandise exports rose slightly while the trade deficit widened as imports-notably gold and silver-surged; sectoral exports were mixed and services exports increased. The piece stresses the disruptive impact of steep tariffs on labour intensive outbound shipments and notes partial tariff removals with further reductions conditioned on a trade agreement. Industry called for a dedicated MSME export policy and a Special Interest Package Scheme to address borrowing cost inconsistencies and support exporters.
February 16, 2026
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Money laundering inquiry under PMLA prompts summons to Tina Ambani over alleged foreign property transaction and remittance.
Summons under the PMLA require Tina Ambani to appear for questioning and have her statement recorded in a money laundering probe concerning an allegedly fraudulent sale of a foreign condominium during a corporate insolvency resolution process and subsequent remittances routed through a sham investment arrangement; the agency has arrested a former company executive, formed a special investigation team, attached significant assets, and filed multiple ECIRs against group companies.
February 16, 2026
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Sovereignty in trade agreements: interim India US deal alleged to compromise farmers' livelihoods and national energy security.
The interim India-US trade agreement is alleged to compromise national sovereignty by requiring India to open its agricultural market to duty free US products, remove non tariff trade barriers, and make concessions on subsidies and GM crops, thereby threatening farmer livelihoods, biodiversity and seed purity. The deal is also claimed to jeopardise energy security by obliging India to refrain from buying crude oil from Russia and permitting US monitoring and penalty threats, while raising concerns about digital autonomy and data privacy.
February 16, 2026
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Interim trade agreement: reciprocal tariff reductions and mutual duty concessions to be finalised through legal text.
An Indian negotiating team will visit the US to translate a previously announced framework into a signed interim trade agreement legal text. Ongoing virtual talks will be advanced to resolve drafting intricacies; tariff and preferential market access measures agreed in the framework will take effect only after the legal agreement is finalised and signed. The discussions cover reciprocal duty concessions, including a US processing of a reciprocal tariff reduction and the sequencing of implementation tied to signature of the legal pact.
February 16, 2026
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Money laundering allegation against a nationalist organisation denounced as defamatory strategy and political insult to patriots.
VHP condemns a Karnataka minister's claim linking the RSS to money laundering as false, defamatory and a deliberate political strategy to insult patriotic organisations and reduce the speakers' acceptance; it asserts such tactics aim at appeasement and defamation, calls for those who prioritise Hindu interests to hold power for community protection, and warns against exploiting religion for political gain.
February 16, 2026
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Compliance first stablecoin payments enable regulated cross border payouts and corporate cards for emerging market businesses.
Endl secured pre seed funding to scale a compliance focused, stablecoin centred cross border payments platform offering multi currency accounts, regulated stablecoin rails, fiat stablecoin conversions, corporate cards and treasury services, with investments directed toward regional banking integrations, compliance systems and enterprise security to serve businesses in emerging markets.
February 16, 2026
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Money laundering notices issued after chargesheet alleging diversion of foreign loan proceeds into non-oil uses.
A special PMLA proceeding alleges systematic diversion of foreign currency loan facilities sanctioned for Mozambique oil and gas assets; loan proceeds were routed via Videocon Hydrocarbon Holdings Ltd and multiple overseas group companies, layered through a complex web of entities, and remitted back to India for non-sanctioned uses including non-oil business expenses, investments and creation of personal and corporate assets, with the ED quantifying the proceeds of crime and a PMLA court issuing notices to thirteen accused following the chargesheet.
February 16, 2026
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Interim trade agreement: delegation to finalise legal text ahead of expected signing following framework agreement.
An interim trade agreement framework will be converted into operative legal text through bilateral drafting: an Indian negotiating delegation will travel to the United States to finalise the legal agreement while virtual talks continue, moving from a joint statement of contours to definitive treaty language and preparing the instrument for signature.
February 16, 2026
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FD-backed secured credit: card links credit limit to fixed deposit, with tiered cashback, fee waivers, and FD access.
Introduction of a fixed deposit-backed secured credit card linking credit limit to 100% of an underlying fixed deposit, permitting FD access via ATM withdrawals subject to a withdrawal fee and an interest free window. The card applies a tiered cashback structure with category and monthly caps, includes joining and annual fees with time limited waivers and conditional reversals tied to annual spends, and provides consumer protections such as insurance, purchase protection, lost card liability cover, and surcharge waivers.
February 16, 2026
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Deposit-taking NBFC registration enables instant digital personal loans with streamlined KYC, quick disbursal, and flexible repayment options.
Bajaj Finance offers an instant digital personal loan delivered via a personal loan app that uses analytics and electronic verification to provide quick eligibility decisions, minimal documentation, OTP mobile verification, online KYC completion, and rapid electronic disbursal to the customer's registered bank account, with flexible tenures, repayment management tools, and features designed to meet diverse consumer financing needs.
February 16, 2026
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Trade balance worsens as imports outpace exports, prompting elevated trade deficit and revised export projections for the fiscal year.
Merchandise exports rose 0.61% to USD 36.56 billion in January while imports grew 19.2% to USD 71.24 billion, producing a January trade deficit of USD 34.68 billion; April-January exports increased 2.22% to USD 366.63 billion. The Commerce Secretary stated exports in goods and services remain on an upward trend and projected combined fiscal year exports of goods and services are likely to exceed USD 860 billion.
February 16, 2026
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Incentive Scheme for digital payments increased UPI adoption and expanded payment infrastructure, recommending targeted measures for RuPay uptake.
The report assesses the design, implementation and socio-economic effects of the Incentive Scheme for promotion of RuPay debit cards and low-value BHIM-UPI P2M transactions, noting that structured budgetary support reduced cost barriers, accelerated merchant onboarding, expanded acceptance infrastructure and strengthened the payments ecosystem. Based on primary and secondary research, it finds marked increases in UPI adoption, merchant QR deployment and bank participation, increased user confidence and reduced cash reliance, and recommends targeted measures to deepen RuPay usage, rural penetration, connectivity, digital literacy and fraud mitigation.
February 16, 2026
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Market rebound as banking and power stocks lead recovery amid global rate-cut expectations and stable currency support.
Equity benchmarks rebounded nearly one percent led by renewed buying in banking and power stocks, reversing a recent decline as large-cap financials and utilities outperformed. The rally was supported by expectations of sustained power demand, improving loan growth and stable bank asset quality. Macro cues-falling US long-term yields, a stable rupee and steady crude oil-added support, while foreign institutional investors were net sellers and domestic institutional investors were net buyers.
February 16, 2026
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Inflation trends show rising wholesale prices, prompting continued RBI focus on retail inflation for monetary policy.
Wholesale price inflation rose to 1.81% in January due to increases in food articles, non-food articles, textiles and manufacturing subgroups, while fuel and power remained in deflation. Manufactured products and non-food articles recorded higher inflation compared with the prior month. The Reserve Bank of India continues to emphasise retail inflation as the primary indicator for benchmark interest-rate decisions, having reduced policy rates earlier in the fiscal year and subsequently retained key rates.
February 16, 2026
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Trade mission to India leverages the UK India Free Trade Agreement to boost West Midlands investment, exports and academic ties.
A West Midlands mayoral trade mission to Ahmedabad, Mumbai and Bengaluru (23-27 February 2026) aims to operationalise the UK India Free Trade Agreement by promoting exports, attracting inward investment to the West Midlands Investment Zone, and deepening academic and cultural ties. Led by regional political, business and university figures and coordinated by the West Midlands Growth Company with Indian partners, the programme features sectoral roundtables and events on the Commonwealth legacy, visitor economy, technology, urban transformation, and AI skilling to foster commercial, research and skills partnerships between West Midlands entities and Indian corporations and institutions.
February 16, 2026
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Highway upgradation provides an alternate freight corridor, reducing urban congestion and enhancing regional connectivity and employment.
Approval is granted for rehabilitation and upgradation of the Ghoti-Trimbak-Jawhar-Manor-Palghar section of NH-160A in Maharashtra on Engineering, Procurement and Construction (EPC) mode, covering 154.635 km with a Total Capital Cost of Rs.3320.38 crore. The project provides 2-lane or 4-lane configurations with paved shoulders according to traffic projections to relieve congestion, integrate with expressways and highways, connect multiple economic and logistics nodes under PM GatiShakti, and generate substantial direct and indirect employment.
February 16, 2026
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Four-lane upgradation of NH-56 sections approved to improve regional connectivity and reduce travel time substantially.
Cabinet approval authorises upgradation of two NH-56 sections in Gujarat to four-lane standard under the HAM Mode, totaling 107.67 km at a Total Capital Cost of Rs.4583.64 crore. Designed for 100 km/h (70 km/h average), the works aim to cut travel time by about 40%. The alignment passes through aspirational and tribal districts, enhances access to the Statue of Unity, links to major highways and the Delhi-Mumbai Expressway, began partial construction in November 2025 with a two-year completion target, and is projected to generate significant direct and indirect employment.

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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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