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    Asian shares are mixed after heavy selling of potential AI losers hits Wall Street
    PM Carney to travel to India, Australia and Japan to diversify Canada trade away from US
    After Supreme Court rebuke, Democrats call for government to refund billions in Trump tariff money
    SP's support base declining, should pay attention to its affairs: BJP
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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.
February 24, 2026
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Tariffs escalation jolts markets, triggering investor concern over AI-vulnerable firms and renewed trade uncertainty globally.
The article describes markets reacting to the administration's escalation of temporary import tariffs after the Supreme Court limited a prior broad tariff framework, with the executive signaling use of alternative statutory routes for permanent measures. That policy shift, coupled with investor selling of companies deemed vulnerable to AI-driven competition and ambiguous signals from monetary authorities, is framed as intensifying trade-policy uncertainty and contributing to sector-specific stock declines and broader market volatility.
February 24, 2026
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Tariff cap breach imperils trade agreement ratification as EU seeks clarity on unilateral global import duties.
EU legislators paused ratification of the US EU trade deal after the US announced a unilateral global import tariff under an alternative trade law; the EU says applying that duty on top of existing tariffs would breach the agreed tariff ceiling and demands clarity on how the US will honour the agreement. The measure also raises questions about bilateral deals negotiated with reference to prior tariff threats and is of limited duration unless extended by the legislature.
February 23, 2026
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Emergency powers limits shift trade leverage, constraining executive tariff authority and increasing political pressure ahead of midterms
A national emergency based tariff regime was largely invalidated by the highest court, prompting the executive to propose reliance on a narrower legal authority; coupled with a congressional resolution to end the declared emergency, these developments constrain executive tariff powers and affect trade sectors such as aluminum, steel, autos and lumber.
February 23, 2026
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Misuse of government funds prompts arrests in alleged DMF and overtime payment diversion probes and ongoing money laundering inquiry.
Anil Tuteja and Anwar Dhebar were arrested on allegations of diversion of public funds: Tuteja is accused of facilitating DMF project allotments to known firms in exchange for commissions, establishing prima facie offences of misuse of government funds, criminal conspiracy and corrupt practices, while the ED probes money laundering; Dhebar is accused of receiving commissions from diverted overtime payments billed by agencies for CSMCL workers, causing reported financial loss to the state. Both were remanded to custodial investigation and further probe is underway.
February 23, 2026
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Exchange rate volatility: Rupee edges higher as oil weakness supports the currency while geopolitical tensions cap gains.
Exchange rate movement recorded the rupee appreciating modestly against the US dollar, settling marginally stronger after declines in global crude oil prices and a softer dollar. Market dynamics included importer and foreign portfolio investor dollar purchases on dips, rising domestic debt yields that capped gains, and geopolitical tensions limiting upside. The report also notes that India's foreign exchange reserves rose to a new high, a factor relevant to reserve adequacy and forex market liquidity.
February 23, 2026
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Flexible inflation targeting review may adjust the CPI inflation target after adoption of a new CPI series.
The RBI will incorporate the new 2024-base CPI series, which broadens the consumption basket and reduces volatility, into upcoming CPI projections and the April policy estimate; this change occurs alongside the review of the flexible inflation targeting regime and the government's periodic determination of the CPI inflation target, for which the RBI has submitted recommendations after stakeholder consultation.
February 23, 2026
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Banking sector review to explore creation of mega-lenders while no current roadmap for public sector bank mergers.
No roadmap exists for public sector bank mergers; the Budget proposes a High-Level Committee on Banking for Viksit Bharat to review the sector and explore creation of mega-lenders while safeguarding financial stability, inclusion and consumer protection. The Budget also proposes restructuring select public sector NBFCs to improve scale and efficiency. The central bank states banks are adequately capitalised to sustain credit growth and notes rising gross FDI alongside moderated net FDI due to repatriations and increased outward investment.
February 23, 2026
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Privacy guidelines extended to advertising data; companies to comply and furnish compliance report following tribunal directions.
Extension of privacy and consent safeguards to advertising-related user data is required, with Meta and WhatsApp indicating they will implement NCLAT directions to apply CCI standards to data collection and sharing for advertising. Stay applications were dismissed without prejudice and a compliance report was ordered. The CCI will examine the companies' affidavit on privacy policy and file a response, while its cross-appeal challenges the tribunal's modification permitting advertising-related data-sharing; a monetary penalty previously imposed by the CCI was retained by the tribunal.
February 23, 2026
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Tariff ruling spurs safe-haven demand, lifting precious metals prices amid renewed trade-policy uncertainty and tariff adjustments.
A US Supreme Court ruling against the contested tariff measure and a subsequent executive increase in the global tariff rate from ten per cent to fifteen per cent intensified trade-policy uncertainty, triggering cross-asset volatility and prompting safe-haven demand that drove silver and gold to multi-week highs in domestic and international markets.
February 23, 2026
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Skill development and sustainability urged to boost competitiveness through technology, design innovation and industry collaboration for graduates.
FDDI's 5th convocation conferred degrees and academic medals across programmes, with the institute stressing its contribution to skill development, research, innovation and industry engagement in the footwear, leather, fashion and retail ecosystem. Speakers urged adoption of technology, sustainability and design innovation to enhance global competitiveness, noted sectoral support for employment and MSME growth, and highlighted Hyderabad campus developments including a Centre of Excellence, modern laboratories and strengthened industry collaborations.
February 23, 2026
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Mis-selling prohibition: banks must stop bundling non-bank products and refund customers with compensation when mis-selling occurs.
Banks must stop mis-selling non-bank financial products and prioritise core banking-mobilising deposits, improving CASA, understanding customers, and lending responsibly. The Finance Minister supported RBI draft guidance that mandates full refunds and compensation for mis-selling and highlighted regulatory gaps between banking and insurance supervisors. The RBI characterised upcoming stricter mis-selling norms as consumer protection measures with effect from the announced implementation timeline.
February 23, 2026
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Workplace certification signals sustained employee trust and cultural investments as bank advances toward universal banking transition.
AU Small Finance Bank's consecutive workplace certification, grounded in employee feedback and an improved Trust Index Score, evidences its focus on employee trust and culture. The recognition reflects targeted investments in leadership, learning and development, inclusion, career mobility and a strengthened digital and IT capability to create future-ready roles, supporting the Bank's strategic progression toward universal banking.
February 23, 2026
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Regulatory clarity for crypto mining: compliance with tax, KYC and disclosure regimes shapes viable mining operations.
India's bitcoin mining market is professionalising as buyers shift to energy efficient ASICs and localised support while infrastructure improvements enable co location and data centre deployments. Electricity availability and sustainability measures (including hybrid renewables and off peak strategies) materially affect operational viability. Mining remains permitted within broader tax, AML, exchange control and emerging disclosure frameworks; operators should observe tax and KYC obligations, transparent accounting, and anticipate formalised reporting or environmental disclosure requirements.
February 23, 2026
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Gold import monitoring: government and RBI flag a recent import spike while keeping external account risks in check.
The government and the Reserve Bank of India are monitoring gold imports after a sudden January surge in value and volume; the RBI is analysing data, attributes part of the rise to global central bank purchases and domestic seasonal demand, and considers the situation not yet alarming while noting the current account remains manageable and external-sector resilience intact.
February 23, 2026
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Taxation of capital gains shifted to the company's residence; dividend rates, PE and information exchange provisions updated.
The Amending Protocol reassigns full taxing rights on capital gains from company share sales to the company's State of residence, removes the MFN clause, replaces a single dividend rate with a split withholding regime based on a ten percent ownership threshold, aligns the Fees for Technical Services definition with an established bilateral model, and expands Permanent Establishment to include Service PE.

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February 25, 2026

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New Delhi, Feb 25 (PTI) Following are the top stories at 5.15 PM NATION DEL8 PM-ISRAEL (09.14 PM)

Looking forward to meet PM Netanyahu, consolidate enduring bonds: PM Modi ahead of Israel visit New Delhi: Prime Minister Narendra Modi on Wednesday said India and Israel share a robust and multifaceted strategic partnership that has witnessed remarkable growth and dynamism, and he is looking forward to his discussions with Prime Minister Benjamin Netanyahu.

DEL13 CONG-PM-LD ISRAEL (11.41 PM)

Modi displaying 'moral cowardice' when world is critical of Netanyahu: Congress New Delhi: The Congress on Wednesday launched a scathing attack on Prime Minister Narendra Modi over his Israel visit, saying the PM will be displaying "moral cowardice" when the entire world is critical of his "dear friend" and Israeli premier Benjamin Netanyahu.

DEL34 GOYAL-CONG (03.51 PM)

Rahul, Congress acting like 'puppets' in the hands of anti-India forces: Goyal New Delhi: Union minister Piyush Goyal on Wednesday launched a blistering attack on Rahul Gandhi, alleging that the Congress leader and his party are playing "petty politics" to destablise the country's progress and acting like "puppets" in the hands of anti-India forces.

DEL38 CONG-INDOUS TRADE (04.30 PM)

Indo-US trade deal one-sided, should be put on hold: Congress New Delhi: The Congress on Wednesday said the Indo-US interim trade deal is distinctly one-sided and the only way forward is for India to be bold in putting it on hold, as it will be disastrous for lakhs of farmers across the country.

DEL21 BJP-CONG-NEHRU (01.04 PM)

Nehru 'redrew' Bharat's borders forever: BJP New Delhi: Hitting back at the Congress, the BJP on Wednesday accused India's first prime minister Jawaharlal Nehru of making repeated “territorial compromises” throughout his tenure and "redrawing" Bharat’s borders forever.

DEL39 EDU-NCERT-TEXTBOOKS (04.30 PM) NCERT may remove controversial portion on judiciary from class 8 textbook, say sources New Delhi: The controversial portions about judicial corruption in NCERT's class 8 textbook could be removed as the government has not taken kindly to the matter, sources said on Wednesday, while the council pulled the book from its website.

MDS9 TL-SC JUDGE-SEMINAR-CONSTITUTION (02.56 PM) Societal fault lines still run deep in country: SC judge Bhuyan Hyderabad: Citing an example of his daughter’s Muslim friend being denied accommodation because of her religious identity, Justice Ujjal Bhuyan of the Supreme Court said such instances show how far the country remains from the benchmark of constitutional morality.

LEGAL LGD22 LD-SC-NCERT-JUDICIARY (03.24 PM)

CJI objects to NCERT book chapter on corruption in judiciary New Delhi: Chief Justice of India Surya Kant on Wednesday strongly objected to a chapter on judicial corruption in the NCERT's Class 8 curriculum, saying that nobody on earth will be allowed to defame the judiciary and taint its integrity.

LGD20 SC-COMMUNITY-PUBLIC FIGURES (03.19 PM)

Public figures holding high constitutional offices cannot target any particular community: SC New Delhi: Observing that fraternity serves as a critical element for national unity and social cohesion, the Supreme Court has said public figures holding high constitutional offices cannot target any particular community on the basis of religion, language, caste or region.

LGD15 SC-ED-HEMANT SOREN (12.42 PM)

SC stays trial in ED case against Jharkhand Chief Minister Hemant Soren New Delhi: The Supreme Court on Wednesday stayed the trial in money laundering case registered against Jharkhand Chief Minister Hemant Soren.

BUSINESS DEL27 BIZ-SMARTPHONE-EXPORT (03.18 PM)

Smartphone now India's top export category with total overseas shipment worth USD 30 bn: Vaishnaw New Delhi: Smartphone has become India's top export category with overseas shipments worth USD 30 billion in 2025, Union Electronics and IT Minister Ashwini Vaishnaw said on Wednesday.

DEL33 BIZ-US-INDIA-LD SOLAR DUTY

US announces preliminary 126 pc countervailing duty on imports of certain Indian solar goods New Delhi: The US has announced a preliminary countervailing duty of 125.87 per cent on imports of certain Indian solar goods, alleging that these products are unfairly subsidised by New Delhi.

FOREIGN FGN36 PM-LD ISRAEL (04.50 PM)

PM Modi receives red carpet welcome as he begins 2-day visit to Israel Jerusalem: Prime Minister Narendra Modi landed in Israel on Wednesday to a red-carpet welcome with his Israeli counterpart Benjamin Netanyahu and wife Sara receiving the Indian leader at the Ben Gurion airport.

FGN25 ISRAEL-MEDIA-MODI (02.09 PM)

Israeli media hails Modi visit as 'strategic reset’, 'landmark moment' Jerusalem: As Prime Minister Narendra Modi on Wednesday left for Israel from India for a visit expected to upgrade the bilateral ties to a new level, the Israeli media is describing the trip as a "strategic reset", a "landmark moment" and a "defining" phase.By Harinder Mishra

FGN13 US-TRUMP-INDOPAK (10.20 PM)

Trump says Pak PM told him millions would have died without his intervention New York/Washington, Feb 25 (PTI) US President Donald Trump has said that Pakistan Prime Minister Shehbaz Sharif told him that 35 million people would have died if it were not for his intervention in stopping the war between India and Pakistan. By Yoshita Singh

FGN28 UK-INDIANS-VISAS (03.22 PM)

UK enforces digital travel system, mandatory eVisas for Indians London: New rules in force from Wednesday will see the UK transition to a digital transit system, including mandatory eVisas for Indian travellers and Electronic Travel Authorisation (ETA) for non-visa requiring visitors. By Aditi Khanna

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