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    Vikas Coal and Minerals wins bid to operate Jalna dry port
    Indian govt weighs impact of US Supreme Court tariff ruling: Comm Min
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    Best Crypto To Buy Now: DeepSnitch AI Teases Working AI Dashboard, Strengthening the Community’s 100x Bets, BNB and XRP Log Small Recoveries
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    Perfios Launches 'KScan AI': Empowers BFSI with AI-powered Business Intelligence and Risk Assessment of 30 Million Indian MSMEs
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February 21, 2026
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Customs port status enables Jalna dry port to commence import-export operations after award of long-term operating mandate.
The National Highway Authority accepted Vikas Coal and Minerals Pvt. Ltd.'s bid to operate the Jalna Dry Port under a long-term operating mandate, subject to completion of administrative approvals and bank guarantee formalities; the operator will pay an annual, turnover-based fee. The facility has received customs port status, enabling import-export and customs processing, and essential infrastructure including a cargo terminal and a dedicated rail connection is operational, supporting imminent commencement of operations.
February 21, 2026
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Presidential tariff authority curtailed; temporary import surcharge imposed alters bilateral tariff treatment and prompts trade talks.
Presidential tariff authority was found to have been exceeded when broad import levies were imposed; an executive proclamation subsequently announced a temporary import surcharge that modifies effective tariffs and operates in addition to existing MFN or import duties, prompting review of legal and commercial consequences and informing ongoing bilateral trade negotiations.
February 21, 2026
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Tariff ruling prompts government review of international trade measures and potential policy implications for exporters and customs operations.
The government is assessing recent developments on US tariff measures after a judicial decision and an executive statement, and is studying announced administrative steps to evaluate implications for trade policy, tariff administration, and customs procedures.
February 21, 2026
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Global tariffs may trigger market sell-offs, increasing interest in presale crypto assets with perceived volatility protection.
Announcement of renewed global tariffs and the Supreme Court's limitation on tariff authority are presented as macro drivers likely to increase market volatility, prompting traders to seek presale tokens. The article promotes DeepSnitch AI-citing reported presale funds raised, a preview of a dashboard powered by five AI agents, and an LLM-style DYOR risk-assessment tool-as a presale asset positioned to mitigate short-term swings; it contrasts this with BNB and XRP, which show modest recoveries but remain vulnerable to downside scenarios.
February 21, 2026
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Withdrawal from Rule 14A registration: online opt out with Aadhaar authentication and specified return conditions required.
Enables electronic withdrawal from Rule 14A by filing Form GST REG-32 on the GST Portal: eligible active taxpayers must select the opt out option, state a reason, and complete Aadhaar authentication for the primary authorised signatory and at least one promoter/partner; ARN is issued only after successful authentication. Filing requires meeting return filing preconditions and completion of draft submission and authentication within specified timelines. While REG 32 is pending, certain amendments and self cancellation are barred. After issuance of Form GST REG-33, taxpayers must report output tax liability on supplies to registered persons exceeding the prescribed threshold.
February 21, 2026
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Trade tariffs: US issues new global import levy after court ruling, altering reciprocal duties and exporter compliance obligations.
The Supreme Court's invalidation of the prior tariff framework prompted an executive proclamation establishing a new global import surcharge, producing a uniform temporary levy that recalibrates reciprocal duties on foreign exporters and requires exporters and advisors to reassess customs, contractual and compliance implications under the revised tariff regime.
February 21, 2026
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Reciprocal tariffs transformed into temporary import surcharge, altering tariff exposure and prompting reassessment of bilateral trade concessions.
The US proclamation replaces varied reciprocal tariffs with a uniform temporary import surcharge of 10 per cent ad valorem applied in addition to MFN duties on goods previously covered under reciprocal tariffs. Indian exports will therefore bear MFN duties plus the temporary surcharge rather than the earlier country specific reciprocal or punitive levies; certain sectoral tariffs remain in force and specified categories of goods are exempted from the temporary surcharge. The change is contemporaneous with negotiations on an initial bilateral trade agreement, prompting a reevaluation of tariff concessions.
February 21, 2026
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Merchandise trade indices base year revision updates weights, classifications and methodology to reflect current trade structure and improve comparability.
DGCI&S has revised the merchandise trade indices to base FY 2022-23 to reflect current trade composition, updating commodity baskets and month-specific weights based on base-year trade values. The revised series incorporates monthly, quarterly and annual Export/Import Unit Value and Quantity Indices, Principal Commodity, SITC and BEC classifications, bilateral and region-wise indices for top partners, and Gross, Net and Income Terms of Trade. Methodological refinements cover common commodity-basket selection, imputation of missing unit values and Laspeyres-type weighted averaging; comparability is meaningful mainly for same-month comparisons across years. Detailed methods and data will be published by DGCI&S.
February 21, 2026
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Administrative data harmonization to inform a national agenda and prepare states for coordinated governance reforms.
The Ministry of Statistics and Programme Implementation is convening a national consultative workshop on using administrative data for governance to brief States/UTs, Central ministries and other stakeholders on objectives, scope and key issues, as a preparatory step for a national summit. The workshop will gather expert deliberations, showcase use cases, and collate inputs from State level workshops to identify priority reform areas for strengthening administrative data systems and enabling responsible harmonization across departments.
February 21, 2026
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Presidential tariff authority reversed, trade deal's tariff basis challenged; India-US agreement's viability questioned, prompting political backlash domestically.
Following a judicial curtailment of presidential power to impose global tariffs under emergency authority, the US administration invoked an alternative statute to impose a temporary import surcharge to preserve an existing India-US interim trade framework; this shift alters the tariff basis of the deal and raises questions about the surcharge's applicability to India and the deal's implications for market access, subsidy withdrawal, agricultural protections, energy security, and data safeguards.
February 21, 2026
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Presidential tariff authority limited by court; administration seeks alternative statutory paths to maintain import duties, prolonging business uncertainty.
The Supreme Court ruled the president lacked authority under the emergency-powers framework to impose import tariffs, voiding tariffs imposed on that basis while leaving open the administration's use of other statutory authorities to impose duties; the decision narrows one executive route for tariffs but creates complex refund and recovery issues and leaves many existing tariffs under different authorities intact.
February 21, 2026
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Separation of powers affirmed: Presidential global tariffs invalidated, reaffirming that only Congress may impose taxes.
A Supreme Court decision concluded that broad presidential global tariffs exceeded executive authority by encroaching on Congress's exclusive power over taxation; counsel for small businesses argued the levies operated as taxes imposed without congressional authorization, framing the dispute as a structural separation of powers issue and reaffirming that only Congress can impose taxes.
February 21, 2026
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Invalidation of emergency tariff authority leaves collected import duties subject to refund and protracted litigation.
The Supreme Court held the International Emergency Economic Powers Act did not authorize presidential tariffs, leaving collected import duties unlawful but not prescribing a refund mechanism. Administration of refunds will likely involve the customs agency, specialised trade tribunals and lower courts, utilising or adapting existing duty correction procedures, and is expected to produce prolonged, multi jurisdictional litigation as importers seek recovery while consumers face evidentiary obstacles to claiming pass through losses.
February 21, 2026
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KYC/KYB compliance automation expands: AI platform streamlines MSME due diligence, risk screening and faster onboarding for lenders.
An AI-powered KYC/KYB platform automates entity and individual due diligence and compliance for the BFSI sector, centralising MSME discovery and risk evaluation via a large multi-source data lake. It supports onboarding, underwriting, GTM optimisation and credit decisioning by converting fragmented business information into actionable intelligence. The system enables scaled lead generation, automated due diligence, and extensive sanction and litigation screening to bolster anti-money laundering controls, and provides a Model Context Protocol allowing configurable AI agents and custom model integration to align with institutional policies.
February 21, 2026
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Temporary import surcharge lowers reciprocal US tariff on Indian goods following legal limitation on presidential tariff powers
A presidential proclamation imposes a temporary import surcharge of ten per cent ad valorem, effective February 24, 2026, applied in addition to existing Most Favoured Nation duties; this replaces prior broader reciprocal levies on Indian goods, while higher sectoral tariffs for specified products remain and the surcharge applies only to a portion of exports due to coverage exemptions.
February 21, 2026
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Policy repo rate unchanged; MPC retains neutral stance as inflation stays benign while growth outlook strengthens.
Under Section 45ZL the MPC's minutes record a unanimous decision to keep the policy repo rate unchanged and to retain the neutral stance after reviewing staff projections, surveys and alternative risk scenarios. The committee judged growth prospects to have strengthened while headline inflation remains benign though modestly revised upward for near quarters due mainly to precious metals; risks to the outlook are broadly balanced and policy will be guided by incoming data and the progress of transmission.
February 21, 2026
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Constitutional limits on presidential tariff power overturned global tariffs, reshaping the interim India-US trade deal consequences.
The US Supreme Court invalidated the President's global tariffs imposed under emergency powers, finding tariff authority lies with Congress; the decision undercuts executive unilateral tariff measures. The India-US interim agreement saw an Executive Order lifting prior punitive tariffs in return for India's energy purchasing commitments, and a reduced reciprocal tariff rate was agreed. Indian political opposition alleges the deal's timing reflected executive haste that risked sovereign bargaining leverage and domestic agricultural interests.
February 21, 2026
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Presidential tariff authority curtailed; temporary global import duty imposed to rebalance trade while India trade framework remains intact.
The Supreme Court held that the President exceeded authority in imposing sweeping tariffs; in response the President signed a Proclamation imposing a temporary import duty to address international payments problems and rebalance trade relationships, effective on a specified date for a limited period. The President stated that an interim trade framework with India remains in place, removing certain punitive tariffs on India under an Executive Order while asserting India will assume tariff obligations under the bilateral arrangement.
February 21, 2026
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Emergency powers tariffs invalidation prompts presidential denunciation of justices and raises separation of powers and institutional independence debate.
Six justices invalidated presidential global tariffs imposed under an asserted emergency powers statute, framing the central legal question as the permissible scope of executive authority to impose trade restrictions without clear congressional authorization, and the litigation tested statutory delegation, administrative action in the trade context, and judicial review of national-security framed economic measures.
February 21, 2026
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Emergency power limits prompt alternative executive tariff action, raising concerns about agriculture costs and trade uncertainty.
The Supreme Court invalidated a presidential tariff framework as an unlawful exercise of emergency power, leading the president to announce use of alternative executive authority to impose a temporary global tariff. Stakeholders warned that further tariff actions or use of other authorities would increase agricultural input costs and create trade uncertainty, while business groups said ties with trade partners remain intact despite the disruption.

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Applications Are Open for ClimateLaunchpad, the World’s Largest Green Business Ideas Competition

March 5, 2026

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SINGAPORE, March 4, 2026/AgilityPR-AsiaNet/ -- ClimateLaunchpad , the world's largest green business ideas competition by Climate KIC , has opened applications for its 2026 edition. Since 2014, the programme has supported nearly 5,000 ideas across 97 countries. This year, it is expanding its presence in Asia with Singapore hosting both the regional final and Global Grand Final for the first time. The competition is therefore partnering with regional partners Better Earth Ventures and TPC Group. “Strengthening ClimateLaunchpad’s presence in Asia marks a profound new chapter for this programme and for the climate innovation movement more broadly. Asia is where so much of the world’s climate and nature future will be shaped, through business leadership, public-private partnerships and long term strategic thinking. We look forward to supporting this momentum with new business ideas and innovation ecosystem collaborations across more than a dozen countries. This expansion opens space for deeper cross-cultural connections and for first-time founders to turn sparks of imagination into solutions that serve both people and planet.” - Kirsten Dunlop, CEO of Climate KIC. What is ClimateLaunchpad and how to join? Since its launch in 2014, ClimateLaunchpad has become the most accessible pipeline for green innovation. The curriculum is designed to turn ideas on the back of a napkin into battle-proof businesses. Participants move through several stages: • An initial mini-course to refine the concept. • An intensive multi-day Boot Camp led by expert trainers. • Targeted coaching to perfect value propositions and investor pitches. • National and regional finals, where teams pitch to expert juries and gain wider visibility. • A place at the Global Grand Final, with prizes and access to a global climate network. In 2025, the programme received over 2,700 applications from 40 countries. The winning ventures gain prize money, investor connections, and access to a global cleantech network. Applications are now open for the 2026 edition of ClimateLaunchpad . Climate innovators, green venture builders, and entrepreneurs from around the world can apply here . Partnering with regional players This year, Climate KIC is partnering with Better Earth Ventures to host both ClimateLaunchpad Singapore and the Global Grand Final. Better Earth Ventures is a Singapore-based climate innovation platform supporting early-stage founders across Asia-Pacific. As the local delivery partner, they bring deep ecosystem relationships and hands-on experience running climate and agrifood innovation programmes, with a focus on turning promising ideas into scalable ventures. Their work is grounded in the belief that global change starts with local action, and that supporting entrepreneurs on the ground is key to building a resilient green economy. “We are proud to host ClimateLaunchpad’s Regional and Global Grand Final in Singapore and to convene an international group of climate entrepreneurs from more than 50 countries. Climate solutions are emerging from every corner of the world, and bringing them together creates the kind of cross-border exchange and collaboration this moment demands. Our focus is to ensure early-stage founders have the structure, ecosystem access and support needed to move from idea to credible impact.” - Rebecca Sharpe, Founder and CEO Better Earth Ventures At the same time, the competition is entering a new chapter with Singapore-based TPC (Tsao Pao Chee) bringing a perspective rooted in interconnectedness. TPC is a fourth-generation family business ecosystem committed to advancing the well-being economy, with activities spanning global logistics, impact investment, education, and philanthropy. This perspective recognises that climate, economy, culture and community do not operate separately. Addressing the climate crisis requires understanding how these systems overlap and designing solutions that reflect that reality. This systems perspective also informs the work of NO.17 Foundation, part of the TPC ecosystem, which focuses on aligning capital, collaboration, and execution so that climate innovation can move from promising ideas to scalable systems change. “Climate innovation is ultimately a human endeavour before it is a technological one. The most powerful solutions often emerge from people closest to the realities of climate change. Platforms like ClimateLaunchpad help connect these founders with the networks, capital, and collaboration needed to turn local insight into solutions that can scale globally.” - Luis Alvarado Martinez, CEO of No. 17 Foundation The partner network ClimateLaunchpad is supported by long-term partners like Bank of America and Irish Aid. Support from Bank of America strengthens the ecosystem from the earliest stages, giving visibility to solutions that can deliver real-world impact and reshape our economy. Meanwhile, Irish Aid empowers entrepreneurs in emerging markets, ensuring those on the front lines of climate change have the tools to build their own local solutions. Application open: Climate innovators, green venture builders, and entrepreneurs from around the world can apply here . About Climate KIC Climate KIC is Europe’s leading climate innovation agency and community, creating climate-resilient communities and fighting climate breakdown by mobilising systems change in countries, regions, cities, and businesses. Together with partners across the globe, Climate KIC orchestrates solutions and facilitates learning to bridge the gap between climate commitments and current reality, driving faster and more ambitious action. About Better Earth Ventures Better Earth Ventures is dedicated to accelerating the development and deployment of transformative technologies and initiatives that mitigate climate change and promote sustainable living. Located in Singapore, we serve as a pivotal gateway to Asia-Pacific, with a strong regional network of commercial partners, investors and mentors to help growth-stage businesses scale sustainably across borders. Through collaboration, mentorship, and strategic partnerships, we empower visionary entrepreneurs to drive tangible impact and pave the way for a resilient and thriving planet. About TPC (Tsao Pao Chee) TPC (Tsao Pao Chee) is a fourth-generation family business holding company headquartered in Singapore that is committed to empowering the well-being and happiness economy. TPC does this by supporting global connectivity and resilience through its supply chain and logistics activities, and well-being-focused activities aimed at fostering individual and collective growth. TPC’s purpose-led well-being business ecosystem comprises IMC Industrial, OCTAVE, and multiple non-profit organisations, including OCTAVE Institute, NO.17 Foundation and Restore Nature Foundation, operating in unity to add value to life, with corporate offices in the People’s Republic of China, Thailand, Indonesia, and Japan. Find out more about TPC (Tsao Pao Chee) at tsaopaochee.com and on LinkedIn. About NO.17 Foundation NO.17 Foundation is the nexus of capital, consciousness, and collaboration in the Well-being Era – the philanthropic heart of TPC (Tsao Pao Chee). Rooted in SDG 17: Partnerships for the Goals, NO.17 unites values-aligned funders, partners, and changemakers to catalyse systemic transformation. Through trust-based giving, regenerative coalitions, and strategic ecosystem building, we activate new forms of capital – financial, social, cultural, spiritual, institutional, ecological, and human – as a force for collective flourishing. Explore our movement to make philanthropy as a field of love for transformation at https://17foundation.org and on LinkedIn. About Bank of America Bank of America is one of the world’s leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving approximately 69 million consumer and small business clients with approximately 3,700 retail financial centers, approximately 15,000 ATMs (automated teller machines) and award-winning digital banking with approximately 59 million verified digital users. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 4 million small business households through a suite of innovative, easy-to-use online products and services. The company serves clients through operations across the United States, its territories and more than 35 countries. Bank of America Corporation stock is listed on the New York Stock Exchange (NYSE: BAC). About Irish Aid Irish Aid is the Government of Ireland’s international development cooperation programme. It works in more than 80 countries to reduce poverty, hunger and humanitarian need, often focusing on climate action, gender equality and strengthening governance. gov.ie As part of Ireland’s foreign policy, Irish Aid supports inclusive development, helps communities adapt to climate change, and backs early-stage innovation in underserved regions. Its approach emphasises giving a voice, platform and opportunity to entrepreneurs worldwide — especially in regions hardest hit by climate risks. (Disclaimer: The above press release comes to you under an arrangement with Asianet and PTI takes no editorial responsibility for the same.). PTI

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