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    Chhattisgarh ACB/EOW arrests Tuteja in DMF 'scam', Dhebar in CSMCL overtime payment irregularities
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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.
February 23, 2026
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Banking and regulatory career preparation integrated into a BBA accelerates readiness for Grade A and Grade B recruitment while studying.
An institution launched an integrated BBA programme that combines an accredited undergraduate degree with concurrent, exam aligned preparation for Grade A and Grade B banking and regulatory recruitment. The modular curriculum covers quantitative aptitude, reasoning, English, finance, economics, current affairs, and interview training, delivered by faculty experienced in elite competitive examinations. The programme emphasises mentorship, mock testing, and time optimisation across three undergraduate years to prepare candidates for public sector regulatory posts and allied private financial sector roles.
February 23, 2026
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Quality-led manufacturing: institutionalise uniform standards and testing to convert market access into sustained export competitiveness.
Policy emphasis focuses on a quality-first agenda anchored in the zero defect, zero effect vision to convert expanded market access into export growth. A five-pillar roadmap mandates standard operating processes with continuous compliance and inspection, skilling and reskilling, gap analysis and global benchmarking, streamlined testing and certification, and shared modern testing infrastructure. Government support will finance testing facilities and assist micro and small enterprises in meeting international conformity requirements. The National Quality Conclave's multi-city, sector-specific consultations will feed into a National Quality Roadmap for Manufacturing to coordinate action across government, regulators and industry.
February 23, 2026
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Mis selling safeguards: banks must stop pushing non bank products and refocus on deposit mobilisation and lending.
The Finance Minister urged banks to stop mis selling non bank financial products and focus on core functions of deposit mobilisation and lending. She identified a regulatory gap between banking and insurance regulators that enabled unnecessary insurance sales. The RBI's draft guidelines require full refunds and compensation for mis sold products, invited public feedback until March 4, and set a proposed implementation date of July 1; the RBI also emphasised deposit and credit growth and its approach to policy rate decisions and liquidity provision.
February 23, 2026
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International drug trafficking leads to seizures and arrests after coordinated police and customs operation
An investigation targeted an international drug trafficking syndicate that used export consignments, logistics firms and courier services to smuggle psychotropic tablets abroad. Police coordination with Customs led to interception of a shipment misdeclared as household goods and, after obtaining police custody remand, a joint raid at a port warehouse recovered and seized a massive quantity of psychotropic tablets, following earlier local seizures and successive arrests that mapped the syndicate's supply chain roles.
February 23, 2026
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Tariff policy struck down spurs market rally while raising questions about future trade renegotiations and investor positioning.
The invalidation of the reciprocal tariff policy prompted investor reassessment of trade risks and the possible scope of renegotiations, boosting domestic equities-notably banks, power, FMCG and consumer discretionary-while IT faced pressure; currency moves, long-term yields, crude prices and a shift in institutional flows (foreign selling, domestic buying) moderated the overall market response.
February 23, 2026
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Currency movement: rupee edged higher as oil and dollar softened, but outflows and geopolitics limited gains.
Rupee appreciation to 90.87 was driven by falling global crude and a weaker dollar but capped by foreign fund outflows and geopolitical concerns; importers and FPIs bought dollars on dips, intraday volatility was influenced by equity and debt yields, and the RBI reported a rise in forex reserves.
February 23, 2026
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Mis-selling offence under criminal law prompts banks to stop cross-selling and face refund and compensation obligations.
Mis-selling of financial products is treated as a criminal offence under the Bharatiya Nyaya Sanhita; the RBI's draft mis-selling guidelines require banks to refund the full amount paid and compensate customers for any loss under an approved policy, with the draft open for public feedback and stricter norms proposed to take effect from July 1. The Finance Minister urged banks to focus on core banking activities and address a regulatory gap between banking and insurance oversight, while the RBI framed the guidance within broader deposit, credit growth and liquidity considerations.
February 23, 2026
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SEBI registered advisory: protects investors through fiduciary duty, transparency, suitability and grievance mechanisms.
Unregulated investment advice creates significant investor risk due to lack of accountability and remedies. SEBI registration imposes qualification, recordkeeping, communication limits, and a duty to act in clients' best interests. Registered advisers must provide transparent fee and risk disclosures, assess client suitability, document recommendations to create an audit trail, and operate within formal grievance redressal frameworks, while promoting investor education and disciplined long-term planning.

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Central Board of Indirect Taxes and Customs (CBIC) and Permanent Mission of India organise Special Trade Facilitation Sessions at World Trade Organisation in Geneva.

February 26, 2026

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Indian Delegation led by Member Customs showcases India’s digital Customs reforms and TFA implementation ahead of India’s Trade Policy Review in July 2026

India has notified 100% WTO Trade Facilitation Agreement commitments and advances ‘TFA Plus’ measures under National Trade Facilitation Action Plan 3.0

India highlights indigenously developed digital Customs ecosystem including Single Window Interface, Risk Management System and Authorised Economic Operator Programme

Digital Customs reforms reduce compliance burden for MSMEs and strengthen India’s integration into global value chains

CBIC’s Ease of Doing Business reforms for 2026 focus on trusted importer framework, courier export liberalisation and simplified e-commerce export procedures

Wide participation from delegates of around 40 countries reflects strong global interest in India’s best practices in trade facilitation

The Central Board of Indirect Taxes and Customs (CBIC), Government of India, along with Permanent Mission of India to the WTO in Geneva, organised special sessions on trade on 24th  February 2026 on the sidelines of the meeting of the Committee on Trade Facilitation at the World Trade Organization (WTO) in Geneva.

The Special Secretary and Member (Customs), Shri Surjit Bhujabal led the Indian delegation at the CBIC sessions at WTO in Geneva. The event comprised of two focused sessions on Trade Facilitation and Capacity Building highlighting India’s transformative reforms under the WTO Trade Facilitation Agreement (TFA). The programme was also held in the run up to the 8th Trade Policy Review of India, due in July 2026. The event witnessed wide participation from WTO Members and Secretariat, with delegates from around 40 countries, reflecting strong interest in India’s experience and best practices.

Having achieved compliance with WTO TFA commitments, India has moved towards “TFA Plus” measures under the National Trade Facilitation Action Plan (NTFAP 3.0), aiming to go beyond the minimum requirements and align with evolving global best practices. During the session on Trade Facilitation, Indian Customs delegation highlighted it’s ‘whole-of-government approach’ in Customs reforms, and pioneering efforts in creating a faceless, contactless and paperless Customs ecosystem through extensive digitalization and process re-engineering.

India has notified 100% of its TFA commitments within the stipulated timelines. The progress reflects India’s sustained commitment to:

  • Enhancing transparency
  • Improving inter-agency coordination, and
  • Simplifying cross-border trade procedures

The CBIC showcased its advanced and indigenously developed systems as following:

  • Comprehensive Customs Automated System with Single Window Interface
  • A robust Risk Management System (RMS)
  • The Authorised Economic Operator (AEO) Programme
  • Pre-arrival customs processing and Electronic Exchange of Origin Data (EODES)
  • Electronic Cargo Tracking System (ECTS)
  • Network of modern Customs Control Laboratories, and
  • Initiatives on Coordinated Border Management (CBM) and Virtual Trade Corridors (VTC)

The session on Capacity Building underscored India’s proactive engagement in sharing its expertise with developing and least-developed countries, particularly from the Global South. Through the National Academy of Customs, Indirect Taxes & Narcotics (NACIN), India conducts structured training programmes for officers of Indian and foreign customs administration. The training courses undertaken by Central Revenue Control Laboratory (CRCL) of India for the international participants were highlighted. Both these are recognised by WCO as Regional Training Centre for Asia-Pacific and Regional Customs Laboratory respectively. It was stated that, since 2022, NACIN has conducted 65 trainings and more than 1,800 international participants from around 30 countries were benefited by these initiatives. Several of them were done in collaboration with various international organisations such as WCO, ADB and others. Similarly, CRCL trained more than 300 international participants. India expressed its willingness to partner with countries especially developing countries to strengthen their capacity for implementing trade facilitation Agreement commitments. The participants appreciated the state-of-the-art infrastructure of these institutions and the training offered by the premier institutions of India. 

The Special Secretary and Member (Customs), Shri Surjit Bhujabal, remarked that India’s digitisation and modernisation of customs procedures over the past decade have contributed meaningfully to trade growth, and deeper integration into global value chains. Indian Customs digital ecosystem connects traders, customs authorities, banks and logistics operators, facilitates electronic processing of customs documentation, leading to reduced transaction costs and faster clearance times. Special emphasis was placed on the role of digital reforms in empowering Micro, Small and Medium Enterprises (MSMEs) by lowering compliance burdens, improving predictability, and enabling greater participation in e-commerce exports. Initiatives such as simplified documentation, advance rulings, and the Authorised Economic Operator (AEO) programme have helped onboard smaller exporters into global trade networks.

CBIC's Ease of Doing Business (EoDB) reforms for 2026 has renewed focus on digital trade facilitation through single, interconnected digital window for custom clearance and Custom Integrated System and Trust based systems with trusted importers recognised in risk systems, reducing physical verification and enabling factory-to-ship clearance. Key reforms also include removing the ₹10 lakh value cap on courier exports, allowing exporters to ship goods of any value via courier, benefiting MSMEs and e-commerce exporters; the Return to Origin (RTO) for returning unclaimed or uncleared international courier shipments to foreign senders, and a simplified, risk-based customs framework for handling e-commerce export returns.

The Ambassador and Permanent Representative to the WTO Geneva, Dr Senthil Pandian, stated that India has pursued trade facilitation reforms as a core pillar of its trade policy. According to the UNESCAP Global Survey 2023, India achieved an overall trade facilitation implementation score of over 93 percent, placing it among the leading performers in the Asia-Pacific region and the highest in South Asia. India secured full implementation scores in areas such as TransparencyFormalitiesInstitutional Arrangements and Cooperation, and Paperless Trade. These outcomes reflect sustained efforts to align domestic reforms with the objectives and disciplines of the TFA.

The event evoked a positive response from the partner countries and reaffirmed the importance of the WTO as a platform for exchange of national experiences and technical cooperation. In the spirit of “Vasudhaiva Kutumbakam” — the world is one family — India reiterated its commitment to strengthening trade facilitation frameworks and building capacities across developing countries.

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