February 21, 2026

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IMC EVENTS

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CUSTOMS

19
Feb

Notification No. 22/2026 (Delhi)
S.O. … (E).– In exercise of the powers conferred by sub-section (2) of section 14 of the Customs Act, 1962

16
Feb

Notification No. 21/2026 (Delhi)
G.S.R……. (E). – In exercise of the powers conferred by section 75 of the Customs Act, 1962

16
Feb

Notification No. 20/2026 (Delhi)
S.O. … (E).– In exercise of the powers conferred by sub-section (2) of section 14 of the Customs Act, 1962

RBI

19
Feb

RBI/2025-26/222 (Delhi)
Unique Transaction Identifier for OTC Derivative Transactions

19
Feb

RBI/2025-26/223 (Delhi)
Reporting under Foreign Exchange Management Act, 1999 – Returns pertaining to External Commercial Borrowing (ECB)

17
Feb

RBI/2025-26/220 (Delhi)
Formation of new district in the State of Haryana – Assignment of Lead Bank Responsibility

17
Feb

RBI/2025-26/221 (Delhi)
Foreign Exchange Management (Borrowing and Lending) (First Amendment) Regulations, 2026

17
Feb

RBI/2025-26/214 (Delhi)
Reserve Bank of India (Commercial Banks – Financial Statements: Presentation and Disclosures) – Third Amendment Directions, 2026

17
Feb

RBI/2025-26/215 (Delhi)
Reserve Bank of India (Commercial Banks – Undertaking of Financial Services) – Amendment Directions, 2026

17
Feb

RBI/2025-26/216 (Delhi)
Reserve Bank of India (Small Finance Banks – Credit Facilities) Amendment Directions, 2026

17
Feb

RBI/2025-26/217 (Delhi)
Reserve Bank of India (Small Finance Banks - Concentration Risk Management) Amendment Directions, 2026

17
Feb

RBI/2025-26/218 (Delhi)
Reserve Bank of India (Small Finance Banks - Prudential Norms on Capital Adequacy) Second Amendment Directions, 2026

17
Feb

RBI/2025-26/219 (Delhi)
Reserve Bank of India (Small Finance Banks – Financial Statements: Presentation and Disclosures) – Second Amendment Directions, 2026

16
Feb

RBI/2025-26/207 (Delhi)
Strengthening of Grievance Redress Mechanism in Banks – Review

16
Feb

RBI/2025-26/208 (Delhi)
Reserve Bank of India (Rural Co-operative Banks – Income Recognition, Asset Classification and Provisioning) Amendment Directions, 2026

16
Feb

RBI/2025-26/209 (Delhi)
Reserve Bank of India (Non-Banking Financial Companies – Credit Facilities) Amendment Directions, 2026

16
Feb

RBI/2025-26/210 (Delhi)
Reserve Bank of India (Non-Banking Financial Companies – Income Recognition, Asset Classification and Provisioning) Amendment Directions, 2026

16
Feb

RBI/2025-26/211 (Delhi)
Reserve Bank of India (Commercial Banks – Credit Facilities) Amendment Directions, 2026

16
Feb

RBI/2025-26/212 (Delhi)
Reserve Bank of India (Commercial Banks - Concentration Risk Management) Amendment Directions, 2026

16
Feb

RBI/2025-26/213 (Delhi)
Reserve Bank of India (Commercial Banks - Prudential Norms on Capital Adequacy) Second Amendment Directions, 2026

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INDIAN ECONOMY

States' fiscal arithmetic tightens in FY27; deficit seen at 3% of GDP

India Ratings & Research (Ind-Ra) has projected the aggregate fiscal deficit of states to rise to 3 per cent of gross domestic product (GDP) in 2026-27 (FY27), from an estimated 2.8 per cent in 2025-26 (FY26), citing higher revenue expenditure amid election-related pressures and scheme cost-sharing requiremen...

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Engineering exports poised to cross $120 billion in FY26: EEPC Chairman

Engineering goods exports have shown notable resilience over the past several months despite high US tariffs and persistent global uncertainty, according to industry body EEPC India. Pankaj Chadha, Chairman, EEPC India, said in a statement, "Engineering shipments continued their remarkable growth run in Ja...

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Rafale, submarines, tech: Emmanuel Macron maps next chapter with India

Highlighting deepening defence and technology collaboration at the AI Summit, French President Emmanuel Macron said ties between India and France have evolved beyond a traditional strategic partnership into what he described as a “special global strategic partnership” — a relationship he stressed is unique fo...

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AI-biotech sovereignty will define India's future

If the 20th c. was defined by energy security, and the early 21st c. by digital sovereignty, the coming decades will be shaped by biotech sovereignty embedded in Al. Nations that command convergence of biology and Al will define the future of healthcare, food security, biomanufacturing and biosecurity. For In...

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Explainer: What’s holding back private investment

The Indian economy has not returned to its earlier high investment equilibrium. Despite a decade of corporate tax reductions, insolvency reforms and production-linked incentives, private corporate participation has not regained its former dynamism, writes Saumitra Bhaduri l The investment rate reset THE ...

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MARKET & FINANCE

KKR seeing major opportunities in PE, infra, credit in India

Global investor KKR is seeing significant opportunities to both deploy and monetize capital across private equity, infrastructure, climate, and credit franchises in the country, Henry H. McVey, head of global macro & asset allocation, chief investment officer of KKR’s balance sheet in a note on India. McVe...

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GLOBAL CORPORATE

Johnson & Johnson explores $20 billion sale of orthopedics unit, source says

Johnson & Johnson is preparing a potential sale of its orthopedics unit, in a deal that could top $20 billion, with the company eyeing private equity firms as the most likely buyers, a source familiar with the matter told Reuters on Thursday. The company did not immediately respond to a Reuters request for...

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Oil Companies Jostle for Projects to Boost Venezuelan Output Quickly; a Real Grind Awaits

In September, a rig used to drill wells in shallow waters completed the long trip from China to Venezuela's oil-producing region of Lake Maracaibo. The passage of the big old rig named Alula just inches below the bridge connecting Maracaibo city with the oilfields of the lake's eastern coast stirred excitemen...

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Solar Industry Accelerates Shift From Silver as Costs Soar

Solar panel producers are intensifying efforts to replace silver with alternatives such as copper after silver rallied 130% over the past year, squeezing margins already under pressure from production overcapacity, particularly in China, industry experts said. "Silver is the greatest contributor to the inc...

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Nippon Steel Sees Better Year Ahead for US Steel, No Capacity Cuts Needed, CFO Says

Nippon Steel sees no need to cut capacity at U.S. Steel and expects the business to contribute to earnings in fiscal 2026, up from zero this year, helped by stronger steel prices and technology transfer, Chief Financial Officer Takahiko Iwai said. While urgent steps are needed to improve the U.S. company's...

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INCOME TAX

Biryani audit in Hyderabad blows lid off Rs 70,000 crore tax evasion racket

A routine inspection of biryani restaurants in Hyderabad has unexpectedly exposed what officials now describe as one of the largest suspected tax evasion rackets in the country, with concealed sales estimated at nearly Rs 70,000 crore. What began as a local compliance check has expanded into a nationwide inve...

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Banking

Euro zone yields rise, await US data, Middle East tensions in focus

Euro zone government bond yields rose on Thursday, staying close to their multi-month lows and echoing moves in U.S. Treasuries, while markets continued to price less than a 50% chance of a European Central Bank rate cut in 2026. Investors were also concerned about the potential inflationary impact of a fu...

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GLOBAL ECONOMY

IMF set to weigh $8.1 billion Ukraine agreement

The International Monetary Fund on Thursday said its board would review a staff-level agreement for a new $8.1 billion lending program for Ukraine in coming days. IMF spokeswoman Jule Kozack told reporters that Ukrainian author...

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US jobless claims drop by the most since November to 206,000

Applications for US unemployment benefits fell by the most since November, adding to evidence of stabilization in the labor market. Initial claims decreased by 23,000 to 206,000 in the week ended Feb. 14, according to Labor Dep...

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Japan's Core Inflation Slows to 2-Year Low, Complicates BOJ Rate-Hike Timing

Japan's annual core consumer inflation hit a two-year low to match the central bank's 2% target in January, data showed on Friday, suggesting weakening price pressure that could complicate its decision on how soon to raise interes...

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Japan's Factory Activity Expands at Fastest Pace in Four Years, PMI Shows

Japan's manufacturing activity grew at its fastest pace in about four years in February, buoyed by strong domestic and overseas demand, a private sector survey showed on Friday, an encouraging sign for Prime Minister Sanae Takaich...

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German Economy Faces Weak Q1 but Rebound Still Coming, Bundesbank Says

The German economy continues to recover, although expansion in the first quarter will be weak, with a pickup expected only from the spring, the Bundesbank said in a monthly economic report on Thursday. Germany, Europe's largest...

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US Unsecured Loan Balances Hit Record High on Demand From Subprime Customers

Robust demand from subprime customers spurred growth in U.S. unsecured loans last year with their combined balances surging 10% to a new high of $276 billion, according to TransUnion's Credit Industry Insights Report. Some 26.4...

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Brazil's Economic Activity Expands 2.5% in 2025 as Agriculture Cushions Slowdown, Central Bank Says

Brazil's economic activity expanded 2.5% in 2025, central bank data showed on Thursday, easing from the previous year's pace but once again surpassing initial forecasts with the help of a booming farming sector. The reading was...

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US Weekly Jobless Claims Fall More Than Expected Amid Labor Market Stability

The number of Americans filing new applications for unemployment benefits fell more than expected last week, consistent with a stabilizing labor market. Initial claims for state unemployment benefits dropped 23,000 to a seasona...

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US Trade Deficit Swells in December as Imports Surge; Labor Market Holding Steady

The U.S. trade deficit widened sharply in December amid a surge in imports, and the goods shortfall in 2025 was the highest on record despite President Donald Trump's tariffs on foreign manufactured merchandise. The second stra...

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Russian Household Inflation Expectations Dropped in February, Paving Way for More Rate Cuts

Russian households' inflation expectations, an important gauge for monetary policy, fell to 13.1% in February from 13.7% in January, central bank data showed on Thursday, with analysts saying the drop increases room for future rat...

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IMF Says Encouraged by Argentina's $2 Billion in Forex Purchases This Year

The International Monetary Fund said on Thursday that continued reserve accumulation by Argentina is essential for securing durable access to private credit markets after the central bank has purchased over $2 billion in foreign c...

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Restoring Lebanon's Economic Growth Will Require Comprehensive Reforms, IMF Says

Lebanon's economy has shown resilience despite conflicts in the region, with tourism fueling a bit of a rebound, but restoring growth will require comprehensive reforms, the International Monetary Fund said on Thursday. IMF spo...

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Canada trade gap shrinks as exports to United States hit record low

Canada's trade deficit narrowed in December even as its share of exports to the United States dropped to the lowest level on record, barring two months during the peak of the COVID-19 pandemic, data showed on Thursday. The late...

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INDIAN CORPORATE

INOXGFL Group wins bid for Wind World India – Inox Green to acquire 4.5 GW wind operation assets

INOXGFL Group has emerged as the successful bidder for the acquisition of the IPP and O&M businesses of Wind World India. An exchange filing shows that the group company Inox Green Energy Services will acquire Wind World’s 4.5 GW ...

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JioHotstar ties up with OpenAI to launch ChatGPT-powered content discovery

JioHotstar has partnered with OpenAI to introduce a ChatGPT-powered voice and text interface. The move marks a departure from how Indian audiences generally discover streaming content on platforms. The integration, billed as th...

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Embraer, Mahindra plan to set up aircraft maintenance, repair, and overhaul facility

Brazilian aircraft maker Embraer announced plans to establish a maintenance, repair, and overhaul (MRO) in collaboration with the Mahindra Group, for C-390 Millennium aircraft, following its selection for the Indian Air Force’s Me...

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Ashok Leyland targets 25% market share in LCVs

Ashok Leyland (AL) is targeting a 25% market share in the light commercial vehicles (LCV) segment. The company plans to achieve this by launching new products and expanding its dealership network in growth markets, particularly in...

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GST

Attention : Update on Advisory on Interest Collection and Related Enhancements in GSTR-3B

In continuation to the advisory posted on the GST Portal on 30th January, 2026 on the above subject, it is hereby informed that the functionality to utilise CGST or SGST ITC for payment of IGST liability, in any order of payment after complete exhaustion of IGST Credit (ref point no 3 of the advisory), shall ...

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