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CUSTOMS
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3
Feb
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Circular No. 01 /2026-Customs
(Delhi)
Extending export benefits for exports made through Postal mode- Amendment to Circular No. 25/2022-Customs dated 09.12.2022
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3
Feb
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Circular No. 03 /2026-Customs
(Delhi)
Extension of time period under Deferred Payment of Import Duty Rules, 2016 and addition of eligible manufacture importer in class of eligible importers to avail the facility
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3
Feb
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Circular No. 07 /2026-Customs
(Delhi)
Introduction of system-based e-Scheduling for examination of cargo and mandatory use of Body Worn Cameras (BWC) during examination of import cargo.
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INDIAN ECONOMY
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India and the United States on February 6 unveiled a framework for an Interim Trade Agreement, an early deliverable ahead of a full-fledged Bilateral Trade Agreement (BTA). The headline outcome: the US will cut reciprocal tariffs on Indian goods to 18 percent, while India commits to wide-ranging tariff reduct...
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US President Donald Trump on Friday signed an executive order revoking the additional 25 per cent tariff imposed on all imports from India over New Delhi's purchases of Russian oil, the White House said.
The move comes days after India and the United States finalised a long-pending trade deal, following near...
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India is negotiating trade agreements with Australia, Chile, Peru, the Eurasian Economic Union (EAEU) and Sri Lanka, and is reviewing existing agreements with ASEAN and South Korea.
New Delhi has also signed terms of reference (ToR) to enter trade pact negotiations with Israel, the Maldives, the Philippine...
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India's imports from China declined across multiple sectors, including fertilisers, chemicals, iron and steel, and man-made yarn, in 2024-25, the commerce and industry ministry told Parliament.
Mobile phone imports fell to Rs 3,710 crore in 2024-25 from Rs 48,609 crore in 2014-15. In contrast, mobile phone...
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US President Donald Trump on Friday signed an executive order removing the extra 25 per cent tariff that had been imposed on all imports from India. The tariff was added earlier because India continued to buy oil from Russia, something the US administration had strongly objected to. The White House confirmed ...
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US President Donald Trump has made it clear that the 25% tariff on Indian goods, which has now been lifted, could come back if India resumes buying oil from Russia. The warning comes despite Washington acknowledging that New Delhi has taken “significant steps” to align with the United States on national secur...
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US Trade Representative Ambassador Jamieson Greer on Friday welcomed President Donald Trump‘s announcement of a joint statement outlining a trade deal with India, saying it would remove tariff and non-tariff barriers and open India’s vast market to American products.
In a statement issued after the announc...
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In a major step to boost economic relations, India and the United States have announced a framework for an interim trade agreement. Both countries see the move as a way to deepen cooperation and strengthen supply chains, even as talks continue on a full Bilateral Trade Agreement (BTA). Union Commerce and Indu...
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The United States and India on Friday released a framework for an interim trade agreement, where the government has agreed to eliminate or reduce duties on wide range of duties on US goods including farm products
Joint statement describes the interim agreement as an important step that keeps negotiations o...
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MARKET & FINANCE
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The Indian government bond yields surged on Friday as the Reserve Bank of India (RBI) did not announce any liquidity measures during the monetary policy meeting. Though the Governor, Sanjay Malhotra, gave assurance that the central bank will provide ample liquidity, but the market reacted negatively.
The...
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GLOBAL CORPORATE
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A planned $600 billion artificial intelligence spending splurge by big tech firms in 2026 is adding to investor unease as they assess the implications for profitability as well as a potential existential threat to software firms.
Shares of Amazon, which had announced a $200 billion capital expenditure outl...
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Global semiconductor sales are expected to hit $1 trillion this year, the Semiconductor Industry Association said on Friday.
The group, which represents most U.S. chip firms, said that chip sales hit $791.7 billion in 2025, an increase of 25.6% over the previous year. That booming growth is expected to con...
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The European Union is suspending tariffs on 93 billion euros ($109.8 billion) of U.S. imports for a further six months after an easing of tensions over U.S. President Donald Trump's claims on Greenland and threats of new tariffs, according to a filing in the EU official journal.
The European Union had appe...
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A deal on critical minerals between Argentina and the U.S. signed this week does not rule out Chinese investment in the country's mining sector, Argentine Foreign Minister Pablo Quirno said on Friday.
"This, as of today, does not imply that China cannot participate or will not participate in investments in...
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Global carmakers have booked some $55 billion in writedowns in the past year as they scale back electric vehicle ambitions on a tough U.S. market under President Donald Trump, price wars in China and a more complex mix of vehicle types in Europe.
The latest to join the growing pile is Jeep-to-Fiat owner St...
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The United States on Friday announced new sanctions to curb Iran's oil exports, including targeting 14 vessels, moments after the adversaries wrapped up a day of indirect talks in Oman.
State Department spokesman Tommy Pigott said Iran uses oil revenue to "fund destabilizing activities around the world and...
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Saudi Arabia cut the price of its main oil grade for buyers in Asia to the lowest in years, a further sign that global supplies are running ahead of demand.
State oil producer Saudi Aramco will reduce the price of its Arab Light grade by 30 cents a barrel to parity with the regional benchmark for March, ac...
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RBI
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The Reserve Bank of India (RBI) on Friday issued draft guidelines on derivatives trading for corporate bond indices and total return swaps (TRS). Finance Minister Nirmala Sitharaman announced these measures in the Budget to deepen the corporate bond market.
“An active derivatives market can facilitate effi...
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Banking
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Non-banking financial
companies, such as Bajaj Finance and Muthoot Finance, that offer gold loans are expected to benefit as the Reserve Bank of India (RBI) allows them to open branches freely.
Cholamandalam Investment and Finance Company, Mahindra & Mahindra Financial Services, Shriram Finance and Tata Cap...
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The Reserve Bank of India (RBI) on Friday proposed exempting non-banking finance companies (NBFCs) with asset sizes below Rs 1,000 crore from registration requirements with the central bank, reducing the compliance burden for these NBFCs that would also include some family offices.
These NBFCs do not avail...
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The Reserve Bank of India on Friday proposed that banks be allowed to directly lend to real estate investment trusts (REITs) with certain prudential safeguards to deepen the financing pool for the real estate sector.
Currently, REITs raise funds through bonds which are subscribed by mutual funds, NBFCs and...
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Come April 1, 2026, financially sound banks will see a sharp 33% decline in their deposit insurance premium, bringing it down to 8 paise per Rs 100 of deposits, compared with the current premium of 12 paise per Rs 100.
Going ahead, banks in India will shift from the existing flat-rate system to a risk-base...
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With Unified Payments Interface (UPI) processing over 228 billion transactions in 2025 (more than 21 billion in December alone), real-time digital payments have reached a scale where infrastructure failures are no longer isolated IT incidents but national-level risks. As transaction volumes surge, banks need ...
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GLOBAL ECONOMY
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European Central Bank policymaker Gabriel Makhlouf identified a loss of momentum in euro zone economic growth or the possibility that inflation continues to undershoot the ECB's 2% target in a more entrenched manner as two risks t...
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Brazil's economic policy chief Guilherme Mello said on Friday that stabilizing the country's gross debt-to-gross domestic product ratio depends on monetary policy decisions, offering a glimpse of what he could support as a potenti...
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U.S. consumer sentiment increased to a six-month high in February, though anxiety over the labor market and the rising cost of living because of import-tariff-related inflation remained widespread.
The third straight monthly im...
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Canadian economic activity expanded at a slower pace in January as a measure of employment dipped, Ivey Purchasing Managers Index (PMI) data showed on Friday.
The seasonally adjusted index edged down to 50.9 last month from 51....
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Federal Reserve Vice Chair Philip Jefferson said on Friday he was "cautiously optimistic" about the 2026 economic outlook, with growth expected to remain slightly above trend, the labor market stabilizing, and inflation resuming a...
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Mexico's inflation likely accelerated in January, a Reuters survey showed on Friday, supporting the central bank's decision a day earlier to pause its monetary easing cycle as price pressures persist.
The median forecast of 12 ...
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INDIAN CORPORATE
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Hindustan Copper Ltd
(HCL) has said it is well-positioned to make a strategic entry into the critical minerals sector, leveraging its expertise in hard rock mining and mineral beneficiation.
The move will contribute significantl...
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The Power Finance Corporation board of directors has, in principle, approved the merger of the company with Rural Electrification Corporation (REC). The move comes after the Ministry of Finance announced in the Budget 2026 that it...
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Steelmaker Tata Steel reported a massive 724 per cent YoY profit growth during the third quarter of FY26. The Tata Group company’s consolidated net profit increased to Rs 2,688 crore in Q3 FY26. Last year, the company’s consolidat...
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Mahindra & Mahindra Ltd. has announced a Rs 15,000-crore investment to set up its largest integrated automobile and tractor manufacturing facility in Nagpur.
The announcement was made at the Advantage Vidarbha investor meet. Th...
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Air India’s transformation is now in its final stretch, with most of the heavy lifting complete and the focus shifting to execution and refinement, according to CEO and managing director Campbell Wilson.
Speaking after the open...
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Bharti Airtel is planning a significant expansion of its data centre business, targeting a 25% market share over the medium term, while indicating that radio network spending has moderated after the peak phase of the 5G rollout, t...
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COMMERCIAL LAW
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On January 15, 2026, the Supreme Court clarified that just because a tenant has been living on a landlady's property for a long time, it does not automatically mean that the sale agreement signed by the landlady is final or that t...
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With foreign ownership limits lifted and competition set to intensify, India's insurance sector is entering a new phase. In a conversation with ET, Life Insurance Corporation of India's CEO & MD R Doraiswamy discusses what the Ins...
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GST
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The Centre is engaging with States on revamping the e-way bill framework, which will come up in the next meeting of the GST Council, a source said.The Economic Survey last week said that the next wave of GST reforms could focus on reimagining the e-way bill system as a facilitator of smooth logistics rather t...
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