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    Supreme Court decision against Trump's tariffs raises uncertainty, but markets stay calm
    Too early to comment on US tariff changes; commerce ministry reviewing situation: Sitharaman
    RBI watching development around IDFC First Bank fraud, no systemic issue: Guv Malhotra
    HC quashes order staying proceedings against Anil Ambani to classify his bank accounts as fraud
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February 23, 2026
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Emergency powers ruling overturns IEEPA-based tariffs, prompting alternative trade-law tariffs and international uncertainty over trade arrangements.
A high-court decision invalidated tariffs imposed under the International Emergency Economic Powers Act, leading the administration to propose replacement duties under an alternative trade statute. The shift raises questions about US tariff authority, potential refunds for taxes collected under the invalidated measures, and the stability of negotiated trade arrangements, while affected trading partners pursue assessments and diplomatic consultations to mitigate harm to exporters.
February 23, 2026
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Trade policy uncertainty after external tariff changes prompts review and rescheduling of bilateral negotiators' meeting.
Commerce ministry is reviewing recent foreign tariff changes and their impact on trade negotiations; the Finance Minister said it is too early to comment and that the negotiating delegation must decide timing for further talks. A planned meeting of chief negotiators to finalise an interim trade pact was rescheduled, and the ministry's Joint Secretary, Darpan Jain, is India's chief negotiator. The government affirmed it will continue pursuing bilateral and regional trade agreements to expand market access.
February 23, 2026
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Bank fraud monitoring: RBI says it is overseeing an IDFC First Bank fraud and finds no systemic issue.
Reserve Bank of India is monitoring an alleged fraud at IDFC First Bank and has indicated no systemic issue. IDFC First Bank disclosed the fraud involved certain employees and others at a Chandigarh branch affecting a specific set of Haryana government-linked accounts, and said the misconduct is confined to those government accounts and does not extend to other customers of the branch.
February 23, 2026
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Forensic audit validity confirmed, enabling banks to proceed with fraud account classification after a higher court quashed a prior interim stay.
Division bench overturned a single-judge interim stay that had restrained banks from classifying certain accounts as fraud, finding the stay illegal and perverse. The banks and an audit firm had appealed, asserting the forensic audit was legally valid and disclosed serious fund siphoning and misutilisation; the prior stay rested on challenges to the audit's compliance with RBI guidelines and the auditor's qualifications, which the division bench rejected.
February 23, 2026
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Tariff authority curtailed, prompting mixed market moves and heightened regulatory uncertainty across trade, crypto, and commodities.
The cancellation of broad presidential import levies removed a central trade policy instrument and prompted immediate market adjustments: equity futures fell, Asian indices were mixed, bitcoin dropped sharply, and precious metals rose. The incumbent plans alternative measures, including a global tariff via executive order and Commerce Department investigations, leaving trade policy and market expectations uncertain while growth, inflation, and corporate guidance continue to influence volatility.
February 23, 2026
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Illegality of presidential tariffs undermines executive tariff authority, prompting legal challenges and reshaping trade negotiation dynamics.
The judicial invalidation of the presidential tariff program undercuts executive unilateral tariff authority and invites legal challenges to successor emergency tariff measures, prompting reassessment of trade negotiations and reliance on discretionary tariffs without concrete balance of payments predicates.
February 23, 2026
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Index of Eight Core Industries shows overall growth, with cement and steel leading while oil and gas sectors decline.
The combined Index of Eight Core Industries rose provisionally by 4.0 per cent year on year in January 2026, with Cement, Steel, Electricity, Fertilizers and Coal recording positive monthly growth while Crude Oil and Natural Gas declined and Refinery Products remained unchanged. The cumulative April-January 2025-26 growth is reported as 2.8 per cent (provisional). The release provides industry weights, monthly and annual indices, notes that January data are provisional and December data final, and explains methodological inclusions and revision practice.
February 23, 2026
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Foreign exchange volatility: rupee strengthened after oil-led dollar weakness, while reserve gains and capital flows shape market risk.
The rupee strengthened in early trade due to lower global crude prices and a softer dollar amid tariff-related uncertainty, aided by a strong equity opening; persistent dollar-buying sentiment and foreign institutional outflows could reintroduce selling pressure. The Reserve Bank of India's rise in foreign exchange reserves to a record level is a material macroprudential indicator affecting market liquidity and perceived intervention capacity under FEMA and central bank reserve management frameworks.
February 23, 2026
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Supreme Court rejection of sweeping tariffs reshapes import-tax authority and prompts pursuit of alternative tariff mechanisms.
The Supreme Court struck down the majority of the President's broad import tariffs, prompting varied market reactions as investors repriced winners and losers; the administration announced alternative measures including an executive-order global tariff and use of Commerce Department trade-investigation authorities, preserving the prospect of import taxation while altering statutory mechanism and temporal limits.
February 22, 2026
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Sovereignty concerns over Indo US trade agreement; alleged tariff and procurement conditions threaten national, energy and data autonomy.
Allegations that an interim trade arrangement with the United States compromises national sovereignty and domestic interests by conceding tariff advantages and large import commitments, harming agriculture and industry. The pact is criticized for limiting energy procurement choices and creating dependency by discouraging purchases from alternative suppliers, thereby threatening energy security and raising inflationary pressure. Concerns also focus on obligations affecting data sovereignty, which are said to risk exposing sensitive data to foreign access.
February 22, 2026
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Trade commitments: EU urges US to honour agreed tariff ceiling and warns of anti-coercion countermeasures and uncertainty.
EU urges the United States to adhere to the trans Atlantic trade agreement and not exceed the agreed tariff ceiling, warning that unpredictable tariff changes harm trade stability and supply chains. The EU noted it may pause ratification and could deploy its Anti Coercion Instrument-permitting trade and investment restrictions, exclusions from public tenders, and limits on foreign direct investment-to defend its interests if commitments are not honoured.
February 22, 2026
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EU-India free trade agreement expands trade and AI cooperation and strengthens supply chain resilience pending final ratification.
The EU India Free Trade Agreement substantially liberalises tariffs across the majority of bilateral trade to expand market access, while prioritising cooperation on human centred artificial intelligence and promoting interdependent, resilient supply chains; the agreement is subject to final legal vetting and ratification before implementation.
February 22, 2026
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Digital fraud prevention: protect accounts by not sharing OTP or Aadhaar and using authorised re KYC channels.
Individuals must not share OTP, Aadhaar numbers, or bank account details and should change passwords regularly. KYC and re KYC are security measures that must be undertaken only via bank branches, official apps, or authorised platforms because criminals use fake calls, SMS and links to compromise accounts.
February 22, 2026
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PMLA enforcement targets accelerate investigations and timely prosecution filings, urging probes to finish within a short defined timeframe.
The Enforcement Directorate directed acceleration of PMLA prosecutions by increasing prosecution filings and concluding most investigations within one to two years, except in complex cases. Officers must exercise PMLA powers with caution, ensure legally sustainable attachments and penalties, and issue notices judiciously. Operational priorities include tracing illicit assets abroad, targeting misuse of trade channels and insolvency processes for laundering, prioritising digital arrest and cyber fraud work, checking illegal online gaming and share market manipulation, leveraging MLATs, Interpol and extradition, and completing pending FERA adjudications while addressing manpower, cooperation and valuation challenges.
February 22, 2026
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Trade tariffs altered by recent court ruling disrupt interim trade agreement negotiations and prompt rescheduling of chief negotiators' meeting.
The meeting of chief negotiators was postponed to permit assessment of a court ruling limiting executive tariff authority and subsequent US tariff adjustments, which have introduced uncertainty into agreed concessions under the interim trade framework. The framework must be converted into a legal instrument, but finalisation of the legal text and implementation timelines are deferred pending clarification of how additional US tariff layers will interact with existing Most Favoured Nation duties and the ultimate tariff treatment for the partner country.
February 22, 2026
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Data privacy: Appeals on platform data sharing penalty and consent safeguards to be heard, with government party added.
Appeals challenge a CCI penalty and limits on platform data sharing under privacy and competition law; an appellate tribunal removed a ban on advertising related data sharing but retained the penalty. The dispute centers on consent standards, protection of dependent or unaware users, and whether platform data aggregation creates market dominance. Procedural issues include interim directions, inclusion of the technology ministry as a party, and a cross appeal by the regulator against the tribunal's narrowing of remedies.
February 22, 2026
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Congressional authority over tariffs affirmed, but executive invoked temporary trade statute to impose new global import tax.
A majority of justices held that the power to levy tariffs is vested in Congress, voiding a major part of the presidential global tariff program; the President then invoked the Trade Act's temporary emergency authority to impose a new short-term global import tax, a provision never previously used this way, raising questions about the statute's reach and prompting political fallout, calls for consumer refunds, and intensified partisan divisions over trade policy.
February 21, 2026
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Tariff authority: President seeks to impose a higher global tariff using alternate legal powers after court rebuke.
The President seeks to impose a higher global tariff relying on alternative executive authority and statutory avenues requiring Commerce Department investigations, while a separate executive order established a temporary import tax limited in duration and contingent on legislative extension; this raises constitutional questions about the allocation of tariff-setting and taxation powers and uncertainty over funds already collected.
February 21, 2026
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Presidential tariff authority raised a temporary global import surcharge, altering trade deal dynamics and exemptions for critical goods.
The executive invoked trade act authority to impose a temporary global import surcharge, increasing a recently announced ad valorem levy and reserving the right to issue further legally permissible tariffs within a 150 day period; the proclamation excludes specified critical minerals, energy products, select agricultural goods, pharmaceuticals, certain electronics, passenger vehicles and aerospace products, and the surcharge is applied in addition to existing Most Favoured Nation import duties, affecting ongoing bilateral trade negotiations.
February 21, 2026
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Criminal breach of trust: bail denied due to complex fund diversion, risk of evidence tampering and undisclosed antecedents.
Refusal of bail rested on prima facie findings that the NBFC owner-director engaged in calculated, layered diversion of investor funds amounting to criminal breach of trust; investigation remained at a nascent stage with a complex money trail requiring forensic analysis and a real risk of evidence tampering, compounded by the applicant's non-disclosure of prior criminal antecedents and insufficient medical justification.

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What Is the Best Eco-Friendly Refrigerator to Buy This Summer?

March 9, 2026

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Pune, Maharashtra, India (NewsVoir) During summer, refrigerators work harder than usual. Rising temperatures and frequent door opening — whether to grab a cold drink or store leftovers — put extra pressure on the appliance. An eco-friendly refrigerator is designed to handle this better, consuming less energy and using eco-friendly refrigerants without compromising on cooling. Brands like Haier, LG, and Samsung offer a solid range of options for those looking to upgrade.

The good news is that upgrading doesn't have to mean a large one-time expense. The Bajaj Finserv Summer Sale makes it more affordable, with Easy EMI Loan of up to Rs. 5 lakh, seasonal discounts, and zero down payment on select models. Shoppers can head to their nearest Bajaj Finserv partner store — including Vijay Sales and Croma — to avail the financing options and take their new refrigerator home the same day.

Why eco-friendly refrigerators are worth considering? The BEE star rating is a reliable indicator of energy efficiency — the higher the rating, the lower the power consumption. Since a refrigerator runs 24/7 and is opened frequently, a higher-rated model can meaningfully reduce long-term electricity costs. Selecting the right capacity is equally important, as an oversized or undersized fridge consumes more energy than necessary.

Top eco-friendly refrigerators available in March 2026 Shoppers can compare features, capacity, and type on Bajaj Mall before visiting a nearby partner store to finalise the purchase.

• Whirlpool 205 WDE CLS Single Door Refrigerator (184L) • Price: Rs. 12,990 | EMI from: Rs. 859/month • Why it works: A compact 3-star model for small apartments — energy-conscious cooling without occupying too much kitchen space.

• Samsung Camellia Blue Single Door Refrigerator (223L) • Price: Rs. 19,990 | EMI from: Rs. 1,535/month • Why it works: Digital Inverter Technology adjusts compressor speed based on cooling demand, reducing energy consumption and noise.

• LG Smart Inverter Double Door Refrigerator (242L) • Price: Rs. 25,990 | EMI from: Rs. 1,542/month • Why it works: DoorCooling+ circulates cold air evenly across all shelves, maintaining consistent temperatures and reducing the compressor's workload.

• Samsung Convertible Double Door Refrigerator (322L) • Price: Rs. 34,990 | EMI from: Rs. 2,433/month • Why it works: Five convertible modes allow adjustment of the fridge-to-freezer ratio, avoiding energy waste when full freezer capacity is not required.

• Haier Side-by-Side Refrigerator (596L) • Price: Rs. 1,01,990 | EMI from: Rs. 5,200/month • Why it works: Twin cooling systems maintain independent temperatures across fresh and frozen sections, improving energy efficiency.

• LG InstaView Side-by-Side Refrigerator (635L) • Price: Rs. 2,06,499 | EMI from: Rs. 11,400/month • Why it works: Knocking twice on the glass panel lets users see inside without opening the door, reducing cold air loss. UV Nano technology keeps the water dispenser hygienic without additional energy use.

*Disclaimer The prices and EMIs mentioned may differ based on the variant, partner store, location, and promotional offer. Please visit your nearest partner store to find the latest offers and prices.

Limited-time offers on eco-friendly refrigerators • Whirlpool — Up to 30% off on models priced Rs. 10,000 – Rs. 1,71,000, with EMIs starting from Rs. 859/month • LG — Up to 50% off on models priced Rs. 10,000 – Rs. 2,05,000, with EMIs starting from Rs. 875/month • Samsung — Up to 50% off on models priced Rs. 10,000 – Rs. 2,05,000, with EMIs starting from Rs. 1,290/month Offers are limited-time and subject to change. Verify current availability at your nearest partner store.

How to buy a new refrigerator with Bajaj Finserv? Splitting the cost of a new refrigerator into monthly instalments makes the upgrade far more manageable instead of making a large one-time payment. During the Summer Sale, shoppers can enjoy the following benefits: • Browse on Bajaj Mall: Compare eco-friendly refrigerators by capacity, door type, star rating, and brand before visiting a store.

• Check pre-approved eligibility: The pre-approved loan limit can be verified on the Bajaj Finserv website using a registered mobile number and OTP verification.

• Find a partner store: Check shortlisted models at 1.5 lakh+ stores across 4,000+ cities.

• Check the model in person: In-store staff can assist with evaluating capacity, star rating, energy features, and build quality.

• Choose an EMI plan: Financing of up to Rs. 5 lakh is available through the Bajaj Finserv Insta EMI Card or Easy EMI Loan, with zero down payment on select models and tenures ranging from 1 to 60 months.

• Complete the purchase: Once approved, the transaction is processed instantly and the refrigerator can be taken home the same day.

With limited-time offers and exclusive deals during the Bajaj Finserv Summer Sale, March is a practical time to upgrade to an eco-friendly refrigerator.

About 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 PWR PWR PWR

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