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    Congress received money from CIA, KGB when Indira Gandhi was at helm: BJP
    FY27 GDP growth revised upwards to 7-7.4 pc, economy to cross USD 4 trn mark: CEA
    India's GDP to grow 7.6 pc in FY26 after revamp of calculation framework
    Anil Ambani skips appearance before ED in PMLA case
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    5 Common AC Buying Mistakes to Avoid This Summer (2026 Guide)
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February 27, 2026
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Foreign influence allegations challenge political credibility as historic funding and security ties are used to rebut trade criticism.
Allegations claim the Congress accepted funds from the CIA and KGB during Indira Gandhi's tenure, producing policy effects such as an exchange-rate adjustment favoring Soviet imports and the decision not to pursue a proposed covert operation against a foreign nuclear facility; these claims are presented to rebut current criticisms of an interim bilateral trade framework by portraying past governance as compromised by foreign influence.
February 27, 2026
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GDP growth projection revised upward; nominal growth strong and economy expected to expand markedly next fiscal year.
GDP growth for the next fiscal year has been revised upward and nominal GDP outlook strengthened, with officials forecasting the economy will cross the four trillion dollar threshold. The upward revision follows a national accounts base-year update to 2022-23 that integrates new data sources and methodological changes to reflect structural shifts, and it alters nominal GDP levels with consequential effects on fiscal-deficit ratios while leaving key fiscal indicators like primary and revenue deficits and capital expenditure ratios broadly unchanged.
February 27, 2026
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GDP calculation revamp raises official growth estimate and restructures sectoral measurement, affecting fiscal and policy benchmarks.
A methodological overhaul adopting a 2022-23 base year revises GDP computation by introducing double deflation for manufacturing and agriculture, replacing single deflation, and shifting household estimation to regular surveys. The new series integrates administrative sources (GST, PFMS, vehicle data) to better capture informal and fast growing sectors, producing upward revisions to headline real and nominal growth rates, altering sectoral contributions-notably manufacturing and services-and changing fiscal deficit and policy benchmarks that require recalibration of prior forecasts.
February 27, 2026
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Money laundering probe under PMLA progresses as ED seeks statements and attaches assets amid linked bank fraud allegations.
PMLA investigation alleges bank loan fraud by group companies; the ED sought to record the principal individual's statement in a Yes Bank-linked money laundering case but he did not appear and his spouse sought adjournment. The ED has previously questioned the individual, conducted extended interrogation, attached a Mumbai residence under anti-money laundering law, filed multiple money laundering cases against group entities, and formed a Special Investigation Team to probe related instances. A parallel agency registered a fresh criminal case and conducted searches concerning alleged cheating of a public sector bank.
February 27, 2026
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Base-year revision of GDP raises growth estimates and updates methodology using tax and administrative data.
The national accounts have been rebased to 2022-23 and revised by incorporating GST, PFMS and vehicular-registration data to refine GDP measurement. The methodology now uses double deflation for manufacturing and agriculture, more granular deflators elsewhere, and compiles household-sector levels from annual enterprise and labour-force surveys instead of inter-survey proxies, producing revised quarterly and annual real and nominal GDP estimates and altered growth profiles across recent periods.
February 27, 2026
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Foreign exchange reserves dip, driven by declines in currency assets, gold holdings, SDRs and IMF reserve position.
India's foreign exchange reserves fell by USD 2.119 billion for the week ended February 20, lowering total reserves to USD 723.608 billion. The decline was driven by decreases in foreign currency assets (down USD 1.039 billion to USD 572.564 billion), gold reserves (down USD 977 million to USD 127.489 billion), Special Drawing Rights (down USD 84 million to USD 18.84 billion), and the reserve position with the IMF (down USD 18 million to USD 4.716 billion).
February 27, 2026
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Fiscal receipts and expenditure review reports major tax receipts, state tax devolution and primary outlays through January.
Consolidated monthly accounts to January 2026 report Centre receipts at 79.5% of revised estimates-mainly Tax Revenue with Non Tax and Non Debt Capital Receipts-and an increased transfer to States as Devolution of Share of Taxes. Total expenditure is 74.3% of estimates, split between Revenue and Capital Expenditure, with Interest Payments and Major Subsidies forming the principal components of Revenue Expenditure.
February 27, 2026
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DTAA narrowing prompts NRIs to move from traditional offshore structures to IFSCA regulated Gift City USD fund structures.
Tightening of treaty shopping rules under foreign exchange regulation, expanded beneficial ownership disclosure and increased tax authority scrutiny have eroded the cost benefit of Singapore and Mauritius structures, prompting NRIs to consider IFSCA regulated Gift City USD denominated funds. Gift City offers open ended equity funds, Category II AIFs with multi year lock ins and Category III AIFs for active equity strategies; advisers emphasise modelling embedded gains, consulting tax advisors on DTAA applicability, and assessing currency risk, liquidity profiles and the distinction between MOIC and IRR before restructuring.
February 27, 2026
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Pre-trial detention under the PMLA risks indefinite incarceration unless predicate offences and proceeds are judicially established.
The PMLA should not be deployed to permit coercive arrest and prolonged pre-trial detention based on provisional allegations before the foundational facts of the predicate offence and the status of alleged proceeds of crime are judicially established; provisional attachment may be justified to preserve investigation, but arrest and onerous bail conditions must not operate mechanically absent a crystallised, judicially cognisable predicate offence, and statutory powers must be harmonised with constitutional safeguards protecting personal liberty.
February 27, 2026
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Tariff rebalancing: joint statement allows modification of commitments if tariff changes affect the bilateral trade pact.
The joint statement accompanying the interim bilateral trade agreement provides for tariff rebalancing, permitting either party to modify its commitments if the other changes agreed tariff measures, thereby preserving reciprocal balance. This mechanism functions as an operative safeguard to adjust negotiated tariff concessions in response to unilateral tariff actions while the parties finalise the legal text.
February 27, 2026
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Basic salary threshold changes require employers to restructure pay and update payroll systems under new laws.
New labour codes and the Income Tax Act 2025 require employers to reconfigure compensation structures so Basic Pay meets the prescribed threshold, increasing provident fund, social security, gratuity and leave liabilities; update payroll systems and TDS reporting to new rules and forms; effect prompt final wage settlement on separation via automated HRMS workflows; maintain fully digitized statutory records for real time inspections; and extend proportionate statutory benefits to fixed term employees, prompting reassessment of project and seasonal workforce liabilities.
February 26, 2026
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Free trade agreement strengthens market access and builds on earlier economic reforms enabling sustained growth potential.
Economic reforms liberalised foreign exchange, dismantled bureaucratic restrictions and opened the Indian market to foreign investors, stabilising public finances and enabling prolonged economic growth. The recently concluded free trade agreement with the European Union is presented as a further deepening of market integration that builds on those reforms and enhances bilateral market access.
February 26, 2026
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Executive tariff authority struck down; bilateral trade negotiations paused pending legal text to implement tariff reductions.
Presidential tariff authority was found invalid, prompting immediate temporary tariff adjustments and delaying bilateral trade negotiations because the interim framework reducing duties must be converted into a legally binding text before implementation. Chief negotiators' meetings were postponed pending clarity on tariff legality and future orders, and India indicated it will resume talks once tariff treatment is clarified.
February 26, 2026
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Money laundering probe prompts extended questioning and attachment of assets in alleged bank fraud matter.
Allegations of large scale bank fraud and resultant money laundering underpin the probe: extended questioning under the Prevention of Money Laundering Act concerns alleged diversion of funds through foreign subsidiaries and offshore entities tied to a group company. Investigative measures include constitution of a specialized investigation team, attachment of assets under anti money laundering provisions, searches, arrests of former executives, and parallel criminal case registrations alleging bank cheating in separate loan transactions.
February 26, 2026
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Simultaneous insolvency proceedings allowed against principal debtor and guarantor, enabling creditors to pursue parallel recovery routes.
There is no statutory bar under the Insolvency and Bankruptcy Code to initiating concurrent CIRP proceedings against a principal debtor and its corporate guarantor for the same debt; a creditor's right to realize a guarantee must not be frustrated by requiring sequential insolvency processes, the IBC does not exempt guarantors during pendency of another process, and adjudicating authorities must examine such applications independently, consistent with the principle that a surety's liability is co-extensive with the principal debtor.
February 26, 2026
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Prosecution sanction requirement in PMLA cases accelerates trial after agency files requisite approvals before the special court.
Enforcement Directorate placed competent prosecution sanction and an equivalent CrPC sanction order before the Special PMLA Court to remedy procedural defects identified by the Supreme Court and to expedite trial in two money laundering prosecutions arising from the Aircel Maxis and INX Media matters. The agency's action validates earlier ED chargesheets and aims to overcome delays caused by challenges to PMLA sanction requirements.
February 26, 2026
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Free Trade Agreement negotiations between India and Israel progress, covering goods, services, rules of origin, and digital trade.
Negotiations commenced under a signed Terms of Reference to establish a structured framework for an ambitious Free Trade Agreement between India and Israel, with the first round of talks addressing core chapters-trade in goods and services, rules of origin, sanitary and phytosanitary measures, technical barriers, customs procedures, intellectual property rights and digital trade-and agreeing continued virtual engagements and a further in person round in Israel.
February 26, 2026
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Recovery of real estate regulatory dues intensified, with stricter property-tracing and revenue recovery measures to enforce orders.
The government will intensify recovery of unpaid dues under the Real Estate Regulatory framework by directing district collectors to expedite recoveries, identify and attach defaulting developers' properties across districts, and trace assets using land records, stamp and registration data, property tax rolls, company registrations, vehicle registration records and, where necessary, tax authority assistance; recovery will be pursued through statutory revenue-recovery mechanisms and overseen via periodic reviews by senior administrators.
February 26, 2026
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Tribunal accountability undermined as technical members outsource judgments, prompting urgent tenure and vacancy reforms and oversight action.
Tribunal functioning and accountability are the central concerns: tribunals have become a "no-man's land" lacking accountability and producing questionable orders. Structural defects in the appointment and tenure regime allow technical members to assume chairpersonship and, in some instances, outsource drafting of judgments. The court directed the executive to expedite vacancy-filling mechanisms and granted interim tenure extensions for chairpersons while urging reforms to appointment, training, and accountability processes.
February 26, 2026
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Consumer financing enables AC purchases on Easy EMI, improving affordability but requires checking eligibility and costs.
Guidance advises matching AC capacity and inverter technology to room conditions to avoid high bills and uneven cooling, factoring installation and maintenance costs into total ownership, and prioritising warranty, spare parts, and after sales support. Easy EMI financing options with online eligibility checks, Insta EMI card facilitation, zero down payment offers, and variable promotional terms are available, but buyers must verify precise loan limits, service availability, and partner store conditions before purchase.

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5 Common AC Buying Mistakes to Avoid This Summer (2026 Guide)

February 26, 2026

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Pune, Maharashtra, India (NewsVoir) Summer is here, and staying cool isn’t just a luxury—it is essential. Buying the right AC can make all the difference between a comfy, refreshing home and soaring electricity bills. Before you rush into a purchase, it helps to focus on practical needs rather than just discounts or looks. Brands like Voltas, Hitachi, LG, and Samsung offer a wide range of ACs, but choosing the wrong model can cost you in comfort and efficiency. The good news is that buying a new AC doesn’t have to strain your budget. With Bajaj Finserv Easy EMI loan, you can spread the cost of up to Rs. 5 lakh into manageable monthly instalments. Many models are available with zero down payment, making upgrades more accessible. Plus, during the Bajaj Finserv Summer Sale, you can explore a wide range of options at attractive prices. How the wrong AC choice affects comfort and bills Buying an AC without checking the right specs can lead to: • High electricity bills • Uneven cooling • Frequent breakdowns Avoid these common mistakes to make a smart, energy-efficient choice. 1. Picking the wrong AC size • Too small: Runs constantly, struggles to cool, wastes energy. • Too large: Cools unevenly and consumes extra electricity. Always match AC capacity (tonnage) to your room size. 2. Ignoring Energy Star Ratings Price matters, but so does efficiency. Higher BEE star-rated ACs cost more upfront but save significantly on electricity over time. 3. Overlooking Inverter Technology Non-inverter ACs frequently switch on/off, consuming more power. Inverter ACs adjust compressor speed, making them quieter, faster, and energy-efficient. 4. Forgetting installation costs Split ACs require professional installation, brackets, copper piping, and sometimes stabilizers. Include these costs in your budget. 5. Ignoring room conditions • Direct sunlight, high ceilings, poor insulation, and number of occupants affect cooling. • Don’t choose an AC based only on square footage—consider room environment too. 6. Skipping maintenance planning: Check service availability locally. Regular servicing ensures long-term performance and reliability. 7. Prioritising looks over performance: Sleek design is nice, but cooling efficiency, warranty, after-sales support, and spare part availability matter more. Best-selling air conditioners to explore this summer 1. Samsung 1 Ton 3 Star Inverter Split AC (AR12CY3ZAGD) Price: Rs. 31,490 EMI starting from: Rs. 1,749 Description: An ideal choice for smaller rooms, this model features Fast Cooling technology and a Triple Protector Plus system to guard against power surges without needing an external stabilizer. 2. Voltas 1.5 Ton 3 Star Inverter Split AC (183V Vectra Prism) Price: Rs. 34,990 EMI starting from: Rs. 1,944 Description: A versatile all-rounder for the Indian summer, it offers Adjustable Cooling modes that allow you to run the AC at different tonnages based on the heat load or number of people in the room. 3. Daikin 1.5 Ton 3 Star Inverter Split AC (MTKL50U) Price: Rs. 38,500 EMI starting from: Rs. 2,138 Description: Renowned for its Econo Mode and Coanda Airflow, this unit ensures cold air doesn't fall directly on your head but circulates evenly across the room for better comfort and efficiency. 4. Blue Star 1.5 Ton 4 Star Inverter Split AC (IA418YATU) Price: Rs. 41,990 EMI starting from: Rs. 2,332 Description: This heavy-duty model is designed for extreme heat. It features a Turbo Cool mode for near-instant chilling and high-quality copper coils that are highly resistant to corrosion. 5. LG 1.5 Ton 5 Star AI Dual Inverter Split AC (TS-Q19YNZE) Price: Rs. 46,500 EMI starting from: Rs. 2,583 Description: Its AI Dual Inverter senses room conditions to optimise cooling. It boasts a top-tier 5-star rating, meaning significant long-term savings on electricity bills. Limited-time offers on electronics and appliances Beat the heat smartly—get up to 60% off on ACs, with pocket-friendly EMIs starting at Rs. 830 per month and zero down payment. * Disclaimer: Offers and EMI amounts may vary depending on location and partner store. For the latest prices and available deals, browse Bajaj Mall or visit a nearby Bajaj Finserv partner store. Why should you buy an AC with Bajaj Finserv this summer Purchasing an AC is easier when the cost is spread over monthly instalments: • Browse online: Compare models, capacity, star rating, and features on Bajaj Mall. • Visit partner stores: Check shortlisted models at 1.5 lakh+ stores across 4,000+ cities. • Choose Easy EMI Loan: Finance up to Rs. 5 lakh with flexible repayment tenures; select models with zero down payment. • Check eligibility online: Verify your pre-approved loan limit quickly with mobile number and OTP. • Use the Insta EMI Network Card: Split your bill into EMIs instantly through a paperless process. Avoiding common AC buying mistakes ensures your AC fits your room, budget, and comfort needs. With Bajaj Finserv Easy EMIs and Summer Sale offers, buying an energy-efficient AC in 2026 has never been easier. Bajaj Finance Limited Bajaj Finance Ltd. (‘BFL’, ‘Bajaj Finance’, or ‘the Company’), a subsidiary of Bajaj Finserv Ltd., is a deposit taking Non-Banking Financial Company (NBFC-D) registered with the Reserve Bank of India (RBI) and is classified as an NBFC-Investment and Credit Company (NBFC-ICC). BFL is engaged in the business of lending and acceptance of deposits. It has a diversified lending portfolio across retail, SMEs, and commercial customers with significant presence in both urban and rural India. It accepts public and corporate deposits and offers a variety of financial services products to its customers. BFL, a thirty-five-year-old enterprise, has now become a leading player in the NBFC sector in India and on a consolidated basis, it has a franchise of 69.14 million customers. BFL has the highest domestic credit rating of AAA/Stable for long-term borrowing, A1+ for short-term borrowing, and CRISIL AAA/Stable & [ICRA]AAA(Stable) for its FD program. It has a long-term issuer credit rating of BB+/Positive and a short-term rating of B by S&P Global ratings. To know more, visit www.bajajfinserv.in (Disclaimer: The above press release comes to you under an arrangement with Newsvoir and PTI takes no editorial responsibility for the same.). PTI

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