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    India-US tariffs after Supreme Court verdict: An explainer
    Directorate General of Commercial Intelligence and Statistics Revises Base Year of Merchandise Trade Indices to FY 2022–23 to Reflect Current Trade ...
    MoSPI to Convene National Level Consultative Workshop on "Using Administrative Data for Governance: Harmonizing Departmental Data at State Level" on 2...
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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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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.
February 21, 2026
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Presidential emergency powers curtailed as court invalidates broad tariffs imposed under IEEPA, overturning central global levies.
The Supreme Court found the President exceeded authority under the International Emergency Economic Powers Act by using IEEPA to impose broad tariffs, invalidating core IEEPA-based measures including the Liberation Day global tariff framework and subsequent trafficking and country-specific levies on Canada, Mexico, China, Brazil and India; sectoral and non-IEEPA tariffs remain in place while the executive considers alternative measures.
February 21, 2026
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Executive emergency tariff authority limited, prompting administration to pursue alternative statutory bases for imposing tariffs.
The Supreme Court concluded that the Constitution vests the taxing power in Congress and that the emergency statute invoked by the Executive does not authorize imposition of tariffs as revenue measures, constraining executive emergency tariff authority; the administration plans to rely on alternative statutory bases to replace the invalidated tariffs.
February 21, 2026
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Tariff policy remains central as the India trade arrangement continues despite judicial limits on tariff authority.
President Trump stated the bilateral trade arrangement with India remains in effect after the Supreme Court invalidated his broad tariffs, noting an Executive Order rescinded punitive tariffs on Indian oil imports from Russia and an Interim Agreement framework reduces reciprocal U.S. tariff treatment toward India while maintaining tariffs on Indian imports under the new terms; he framed tariffs as leverage for energy-sourcing commitments and de-escalation between India and Pakistan.
February 21, 2026
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IEEPA authority rejected, limiting tariff powers while administration decries the decision and cites geopolitical effects.
The Supreme Court held that the International Emergency Economic Powers Act does not authorize imposition of duties, constraining executive authority to impose tariffs under national emergencies; the President criticized the ruling and reiterated that tariffs were used as a foreign policy tool to end hostilities between India and Pakistan, a claim denied by India which attributes cessation to direct military talks.
February 21, 2026
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Global tariff authority challenged after court invalidated emergency-use tariffs; president plans executive-order, time-limited alternative.
A judicial body invalidated a broad presidential program of global tariffs as an unlawful exercise of emergency power, eliminating the administration's primary emergency-based mechanism for imposing unilateral worldwide duties. The president announced intent to use an alternative statutory authority via executive order that would impose time-limited tariffs restricted to 150 days, signaling a shift to a different administrative vehicle for trade measures.

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Best Crypto Presale: Deepsnitch AI Targets 300X With Unique Narrative as Digitap and Remittix Struggle in Crowded Finance Sector With Products Yet To Launch

March 13, 2026

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Many presales promise ambitious products, but most have yet to deliver on that vision. In a market where utility matters, that's what distinguishes the best crypto presale. Digitap faces a crowded crypto-banking market while Remittix is stuck in presale with no launch date in sight. Both remain largely built on promises, with core infrastructure pending. DeepSnitch AI ($DSNT) is different. Its live intelligence network is already operational, with more updates coming soon. The presale is in stage 7, with its token priced at $0.04399, and $2.1 million raised. With a confirmed March 31 deadline, DeepSnitch AI positions itself as the best crypto presale with utility as early investors buy into its 300x potential. Metaplanet deepens Bitcoin strategy with new $25M venture firm Metaplanet, often called "Japan's MicroStrategy," is doubling down on its crypto commitment by launching Metaplanet Ventures. This new subsidiary will focus on providing funds for the Bitcoin ecosystem in Japan. The company plans to invest 4 billion yen ($25.2 million) into the sector. The move comes as Japan prepares to reclassify Bitcoin as a regulated financial asset by January 2028. Metaplanet is building the infrastructure to support early-stage companies and open-source developers through its new investment, incubator, and grant programs. Despite this new venture, the company’s core focus remains stacking Bitcoin. It's currently the fourth largest holder globally and aims to accumulate 210,000 BTC by 2027. Best crypto presale: DeepSnitch AI stands out with real-time market verification Many presales rely on narratives that rise and fall with market trends. But cycles change quickly. What dominates one year can disappear the next. The best crypto presale opportunities are often the ones positioned to remain relevant regardless of which sector is trending. DeepSnitch AI fits that profile. Instead of competing in a crowded niche, it focuses on something every trader needs: verification. This positioning has strengthened its reputation as a verified presale crypto. Whether markets chase meme coins, AI tokens, or new chains, scams and rug pulls never disappear. DeepSnitch AI runs a live intelligence network powered by five AI agents that track smart contracts, whale activity, liquidity changes, and suspicious on-chain behavior. The findings are organized inside a clear dashboard that keeps signals accessible and clutter-free. This positioning gives DeepSnitch AI durability that many presales lack. While narratives rotate with every cycle, verification remains essential, keeping the project relevant no matter where the market moves next. The presale is currently in stage 7 with DSNT at $0.04399 per token. Anticipation is building as the March 31 presale deadline comes closer. After a seven-day claim period, DSNT will debut on the famous DEX, Uniswap, with additional listings likely to follow. DeepSnitch AI is still winning investors over as demand for its utility grows. With a clear roadmap and real results, many believe DeepSnitch AI is the best crypto presale for 300x returns. https://youtu.be/W3fgTnPVEOI Digitap faces a crowded market with features still on paper Digitap aims to let users manage fiat and crypto in one place while supporting global transfers, everyday payments, and debit card integrations. This could simplify crypto banking, but the market is crowded. Competitors, from exchanges to fintech apps, already dominate, making it difficult to secure significant market share. This is even more concerning as most of its features are still on paper, leaving investors waiting as the presale progresses. Meanwhile, DeepSnitch AI is moving fast in a unique niche. With a fully live platform and quick adoption, DeepSnitch AI still stands out as the best crypto presale. Remittix presale lags with only wallet release after a year Remittix focuses on PayFi infrastructure, promising crypto-to-bank transfers that convert digital assets into fiat deposits across multiple countries. The concept targets the massive cross-border payments market, but progress has been slow. After over a year in presale, the only product released so far is a wallet. The presale length alone has many worried, while DeepSnitch AI has gained investors' confidence with the recent announcement of a presale end date. Payment platforms also face complex banking integrations, regulatory approvals, and liquidity hurdles before scaling globally. Until those systems are fully live, Remittix remains a work in progress rather than a finished payment network. Conclusion In a market crowded with promises, DeepSnitch AI rises above as the best crypto presale. It's turning heads with its unique verification layer, while Digitap and Remittix struggle in the finance space, with utility still in development. It's no wonder DeepSnitch AI is one of the most promising ICO launches. At $0.04399, a $5,000 allocation normally yields 113,662 tokens, but early buyers grab 170,493 with the 50% bonus. With adoption climbing and utility already live, $DSNT is poised for 300x growth, making it the best crypto presale in 2026. Visit the website today and check out their X and Telegram to keep up with updates. FAQs Why is DeepSnitch AI considered the best crypto presale? DeepSnitch AI is fully operational, offering a live intelligence network for real-time verification. Unlike other presales still on paper, it delivers measurable utility. Hence, it is the best crypto presale for investors seeking actionable insights and early adoption advantages. How does DeepSnitch AI compare to other promising ICO launches? Most promising ICO launches remain little more than ideas with limited functionality. DeepSnitch AI already runs a live platform, which sets it apart from typical presales. This has helped build investors' confidence in recent months. Which presale qualifies as a crypto presale with utility? DeepSnitch AI is a crypto presale with utility and a fully operational platform. While many wait until after the token launch, DeepSnitch AI delivers results from day one. Disclaimer: Trading cryptocurrencies/digital assets carries a high level of risk, and may not be suitable for all investors. You should be aware of all the risks associated with cryptocurrency/digital asset trading, and seek advice from an independent financial advisor. Any opinions, news, research, analyses, prices, or other information contained on this website is provided as general market commentary, and does not constitute investment advice. The website or its publishers will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.The above content is published as received and has not been edited by the channel staff. The channel holds no responsibility for its content. (Disclaimer: The above press release comes to you under an arrangement with PNN and PTI takes no editorial responsibility for the same.). PTI PWR

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