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    IICA Renews MoU with NALSAR University of Law to Strengthen Academic Collaboration and Capacity Building
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February 19, 2026
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Memorandum of Understanding renewal strengthens academic collaboration, joint research, faculty exchanges and capacity building between institutions.
Memorandum of Understanding renewal establishes a five-year institutional framework for academic collaboration between IICA and NALSAR, formalising faculty and student exchanges, joint research and publications, expert advisory services, and the organisation of workshops, seminars and conferences; it consolidates a two-year residential LL.M. programme in Insolvency and Bankruptcy Laws combining academic instruction and industry exposure.
February 19, 2026
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Ease of Doing Business reforms to rationalise e-forms and streamline corporate compliance through digital governance and consultations.
A high-level Advisory Group on Ease of Doing Business will recommend measures to rationalise e-forms and simplify corporate compliance under the Companies Act by reducing duplicative filings through consolidation, automation and event-based processing, develop an Integrated Form Blueprint and a phased implementation roadmap, conduct stakeholder consultations and impact assessments, and propose draft amendments to support a modern, transparent, technology-driven corporate regulatory framework; the School of Business Environment, IICA, will serve as Secretariat and a research MoU with the Ministry will produce evidence-based recommendations.
February 19, 2026
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National accounts methodology revised to adopt new data sources and updated compilation methods aligning quarterly and annual estimates.
Revision of national accounts introduces new administrative and survey data, disaggregated modeling, and updated rates to improve sectoral estimates. Corporate sector changes include activity wise revenue splitting and disaggregated Paid up Capital multipliers; government estimates add imputed housing services and wider coverage; household estimates move to annual direct estimation using specific surveys. PFCE uses a mixed survey/production/commodity flow approach with COICOP 2018, and quarterly benchmarking adopts Denton proportional benchmarking to align QNA with annual accounts.
February 19, 2026
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Trade tariffs nullified by national economic strength - call for self-reliance and firmness in external trade relations.
India's prospective leadership of the Global South and economic self-reliance were foregrounded, asserting that strengthened national capacity will nullify the effect of external tariffs and reduce foreign leverage. The speaker urged firmness in trade relations, linked social harmony and a shared Hindu identity to national unity, advocated moving temple administration from government control to devotees, and highlighted village-level development work including education, dispute resolution, land access, and local employment.
February 18, 2026
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Sovereign energy policy: India's continued purchase of Russian hydrocarbons seen as mutually beneficial despite US claims.
Russia's Foreign Ministry states it has no reason to believe India has changed its position on purchasing Russian hydrocarbons, asserting such purchases are mutually beneficial and help maintain international energy market stability. The statement rebuts US claims that India agreed to stop importing Russian crude, notes that India has not confirmed Washington's assertion, and characterises previous US actions - tariffs, sanctions and prohibitions - as coercive measures intended to dissuade countries from buying Russian oil.
February 18, 2026
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India-EU free trade agreement accelerates strategic economic and technological cooperation, enabling enhanced talent mobility and digital collaboration.
Prime Minister Modi and Estonian President Karis affirmed that the India-EU free trade agreement will act as a catalyst for deeper economic partnership and committed to leveraging it to expand trade and investment linkages, while intensifying cooperation in AI, digitalisation, e-governance, cybersecurity, startups, skilling, talent mobility, tourism, and clean energy collaboration.
February 18, 2026
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Provisional attachment under PMLA of overseas deposits linked to a real money gaming app for alleged money laundering and algorithmic manipulation.
The Enforcement Directorate issued a provisional order under the Prevention of Money Laundering Act to attach overseas bank deposits held in the names of alleged shell companies linked to Winzo Pvt Ltd, operated and controlled by its promoters, as part of a money laundering investigation into the real money gaming business alleging use of BOTs/AI and restrictions on customer withdrawals; a chargesheet has been filed and cumulative attachments have been reported.
February 18, 2026
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Fugitive economic offender status challenged as absence due to passport revocation and UK travel prohibition.
The petitioner challenges his designation as a fugitive economic offender and the constitutional validity of the Fugitive Economic Offenders Act, asserting he cannot specify a return date because his Indian passport was revoked and English and Welsh court orders prohibit him from leaving; counsel contends absence stems from international legal constraints and need not bar the High Court from hearing the petitions. The bench directed the Union government to file its reply and posted the matter for further hearing.
February 18, 2026
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Provisional attachment under PMLA used to secure asset linked to alleged investor cheating and diverted endorsement proceeds.
Provisional attachment under the Prevention of Money Laundering Act was used to secure an immovable property in Kerala linked to proceeds allegedly generated through cheating by an online bidding application, with investigators tracing diverted funds to celebrity endorsement payments, cryptocurrency trading losses and personal expenses and issuing a provisional order to preserve the property equivalent to the identified proceeds.
February 18, 2026
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Free trade agreement momentum boosted as leaders discuss cooperation across technology, shipbuilding and corridor connectivity.
Leaders focused on strengthening bilateral ties by promoting a Free Trade Agreement and enhancing cooperation in technology, innovation, shipbuilding, blue economy, and connectivity via the India Middle East Europe Economic Corridor. Croatia flagged increased trade and opportunities in logistics, maritime transport, digital transformation, defence and security, and emphasised its gateway role linking the Three Seas Initiative with the IMEC corridor. The visit occurred alongside the AI Impact Summit, framing AI's policy relevance to these economic agendas.
February 18, 2026
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Merger approval: consolidation of an NBFC's asset finance business into an inactive holding entity cleared, detailed regulatory order to follow.
The Competition Commission approved the proposed merger of Hinduja Leyland Finance Limited into NDL Ventures Limited, enabling consolidation of Hinduja Leyland Finance's asset finance activities-small ticket retail and vehicle loans, loan against property and housing loans-into NDL Ventures, which presently has no active business; a detailed regulatory order and any conditions will follow.
February 18, 2026
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Competition approval for internal reorganisation permits transfer of specified BCCL businesses to newly formed THPL on going concern basis.
Competition Commission approval granted for an internal reorganisation by Bennett Coleman & Company Limited to demerge and transfer specified entities, businesses, undertakings, assets and liabilities (EIBME Business) into newly incorporated Times Horizon Private Limited on a going concern basis, with further detailed order to follow.
February 18, 2026
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Competition approval for acquisition of portfolio management services business, consolidating PMS activities under an asset manager.
The Competition Commission of India has approved an acquisition in which Axis Asset Management Company Limited will acquire the portfolio management services business of Axis Securities Limited in India. The Acquirer manages a mutual fund business, provides portfolio management services, and manages alternative investment funds across Category II and Category III; the Target Business comprises the Transferor's portfolio management services in India. A detailed order will follow.
February 18, 2026
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Teacher eligibility requirement: temporary pay preserved for affected teachers pending K-TET compliance within the prescribed compliance period.
Following the court's removal of a pre-existing exemption, the State will grant temporary pay-scale approval to teachers appointed before the ruling's effective date provided they clear K-TET within the prescribed compliance period; equivalent qualifications are accepted and promotions will be considered after legal advice. The State will also re-fix posts to include students with Aadhaar EIDs or pending corrections to remedy staff losses caused by Aadhaar data discrepancies.
February 18, 2026
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Agricultural innovation investment roadmap drives company expansion into exports, joint ventures and multiyear seed R&D projects.
Indo US Bio-Tech Limited's roadmap commits to phased investments in infrastructure, capacity and crop-specific multi-year R&D through 2030-31, including a high-tech greenhouse, a 5,000 sq. ft. seed processing plant with dedicated machinery, processing capacity modernization, a joint venture groundnut seed plant, and multiple staged tomato, bottle gourd, chilli and brinjal breeding and commercialization projects, alongside a strategic export push into the US and African markets with staged pilot-to-full-scale operations.
February 18, 2026
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Aadhaar linkage: Delhi mandates household Aadhaar for online ration card applications, with verification and eligibility checks.
Delhi mandates online applications via the e-district portal for new ration cards with Aadhaar numbers for all family members and supporting residence and income documentation. Food supply officers will scrutinise and verify applications, forwarding eligible cases to assistant commissioners and a district-level committee which applies Delhi Food Security Rules, 2026 and the SOP, enforces exclusion criteria, prioritises needy applicants, maintains a waiting list, and routes appeals to the Public Grievance Commission as State Food Commission.
February 18, 2026
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Fugitive economic offender status limits challengeability while the declared person is legally barred from leaving a foreign jurisdiction.
This matter concerns a challenge to a declaration under the Fugitive Economic Offenders regime and a constitutional challenge to the Act, where the petitioner states he cannot return because his Indian passport was revoked and English and Welsh orders bar his departure, and the court has invited the government to reply while indicating it will not hear the challenge to the declaration until the petitioner returns.
February 18, 2026
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Trade agreements driving investment: operationalising TEPA and sectoral cooperation to convert agreements into industrial collaboration and investments.
India emphasises an expanding trade architecture providing a durable framework for trade, industrial collaboration and long-term investments, supported by domestic regulatory and budgetary reforms to ease compliance. Discussions focused on operationalising the TEPA with the European Free Trade Association (EFTA) and on sectoral cooperation in renewables, carbon capture, rare earths, green tech, maritime, fisheries, semiconductors and financial services, with presentations outlining bilateral investment potential and mechanisms to translate agreements into practical cooperation.
February 18, 2026
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Anticipatory bail denial in money laundering probe tied to cyber fraud highlights custodial interrogation necessity.
Refusal of anticipatory bail to a chartered accountant in a PMLA investigation stemmed from an alleged intricate mesh of laundering involving layering through thousands of mule accounts, use of an overseas payment platform and cross border cash withdrawals; the high court held custodial interrogation necessary to unravel transactions crafted by skilled professionals and to secure electronic evidence, distinguishing ordinary cryptocurrency dealings from an organised scheme to siphon investors' funds and noting allegations of assault, bribery and destruction of electronic material.
February 18, 2026
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India-EU Free Trade Agreement expands economic ties and drives technology, defence and education cooperation across Europe and India.
The India EU Free Trade Agreement is presented as the principal catalyst for deeper India-Europe economic relations, expected to expand market access and commercial opportunities. Bilateral meetings with Spain and Finland focused on leveraging the FTA to strengthen economic partnership and targeted cooperation in defence, security, advanced technologies (including AI and 6G), clean energy and higher education, while India's AI Expo serves as a platform to operationalise joint technology, startup and institutional collaboration.

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Customs & Trade

Japan's leader heads to Washington for visit complicated by Iran war fallout

March 18, 2026

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Tokyo, Mar 18 (AP) Japanese Prime Minister Sanae Takaichi is travelling Wednesday to the United States for what she expects to be a “very difficult” meeting with US President Donald Trump after he called on Japan and other allies to send warships to secure the Strait of Hormuz.

The three-day visit to Washington was originally expected to focus on trade and strengthening the US-Japanese alliance as China's influence grows in Asia. It is now expected to be overshadowed by the war the United States and Israel launched against Iran on February 28.

”I think the US visit will be a very difficult one, but I will do everything to maximise our national interest and to protect the daily lives of the people when the situation changes daily," Takaichi told parliament on Wednesday, hours before her departure.

Takaichi held her first meeting with Trump in October in Tokyo, days after becoming Japan's first female prime minister. A hard-line conservative, Takaichi is a protege of former leader Shinzo Abe, who developed a close friendship with Trump.

Her initial plan was to focus largely on China and strengthen the Japan-US alliance ahead of Trump 's highly anticipated diplomatic trip to China that had been planned for months. The White House announced Tuesday that it is being delayed due to the war in the Middle East.

Takaichi will be in the hot seat figuring out what best to offer to Trump. Experts say showing commitment and progress in investment deals is key to a successful summit.

Japanese officials say the two sides will work to deepen cooperation in regional security, critical minerals, energy and dealing with China.

No plan to send warship to the Strait of Hormuz A key US ally in Asia, Japan has carefully avoided clear support for the US-Israel strikes on Iran or a decision over a warship deployment. That's mainly because of Japan's constitutional constraints but also due to a legal question over the US action and strong public opinion against it.

She told parliament that Japan hopes to see a de-escalation of the war, which has disrupted deliveries of oil and gas that Japan is highly dependent on.

“Without early de-escalation of the situation, our economy will be in trouble,” she said. “Early de-escalation is important for both the US and global economy.” Japan also hopes to secure its traditional ties with Iran, where most of Japanese oil imports come from.

Takaichi and her ministers have denied that Washington officially requested Japanese warships sent to the Strait of Hormuz. Trump on X asked a number of countries, including Japan, to volunteer. He then said he no longer needs them, complaining about a lack of enthusiasm.

That takes some pressure off Takaichi.

“We have no plans to send warships right now," Takaichi told the parliamentary session Wednesday. A dispatch for survey and intelligence missions are possible but only after a ceasefire, she said. Some Japanese experts have commented that minesweeping would be a mission that the country could carry out when hostilities end.

“I will clearly explain what we can do and cannot do based on the Japanese law,” Takaichi said. “I'm sure (Trump) is fully aware of the Japanese law.” China and security Takaichi wants to discuss China's security and economic coercion and ensure the US commitment in the Indo-Pacific region, especially as some US troops stationed in Japan are being shifted to the Middle East — a change seen by Japan as a potential risk for Asia as China's clout grows.

Takaichi plans to reassure Trump of Japan's military buildup, emphasising the acceleration of long-range missile deployment to enhance offensive capabilities. This breaks from Japan's postwar self-defense-only principle and reflects closer alignment with the US.

At the summit, Takaichi is expected to convey Japan's interest in joining America's "Golden Dome" multi-billion dollar, multi-layered missile defence system.

Japan considers China a growing security threat and has pushed a military buildup on southwestern islands near the East China Sea.

Takaichi has pledged to revise Japan's security and defense policy by December and seeks to further bolster Japan's military with unmanned combative weapons and long-range missiles.

Her government is to scrap a lethal arms exports ban in the coming weeks to promote Japan's defence industry and cooperation with the United States and other friendly nations.

Oil in Alaska, rare earths in Japan A resource-poor nation, Japan is seeking to diversify oil suppliers and is finalising a Japanese investment for increased oil production in Alaska and stockpiles in Japan, according to media reports.

A Japanese investment in small modular reactors and natural gas in the US is also a possibility.

If agreed, the projects would be part of a USD 550 billion investment package that Japan pledged in October. In February, the two sides announced Japan's commitment to the USD 36 billion first batch of projects — a natural gas plant in Ohio, a US Gulf Coast crude oil export facility and a synthetic diamond manufacturing site — whose progress is also to be discussed with Trump.

Japan reportedly plans to propose a joint development of rare earths discovered in undersea soil around the remote Japanese island of Minamitorishima as part of the investment package.

Diplomatic and trade disputes have escalated further since Takaichi's comment that any Chinese military action against Taiwan could be grounds for a Japanese military response. (AP) PY PY

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