February 22, 2026

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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

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/2025-26/214 (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

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

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INDIAN ECONOMY

Trump tariff ruling could widen India’s negotiating space as trade deal may still be key

The US Supreme Court’s decision limiting the President’s ability to impose sweeping tariffs under emergency powers could give India more room in implementing an interim deal and in negotiations toward a broader bilateral trade agreement. India and the United States have agreed on an interim arrangement exp...

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50%, 25%, 18%, 10% or 3%? What tariff applies to Indian goods today - breaking down the post-ruling reality

The tariff regime governing Indian exports to the United States is expected to undergo another change, leaving exporters grappling with a moving target. After touching as high as 50 percent in August, the effective tariff on most Indian goods has now reverted to Most Favoured Nation (MFN) levels of around 3 p...

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AI can help India achieve Viksit Bharat goal, but poses high risk to jobs: IMF chief

IMF Managing Director Kristalina Georgieva on Friday said artificial intelligence could lift global growth by 0.8 per cent and help India achieve the Viksit Bharat goal, but poses significant risk of displacement of jobs and financial stability. While being optimistic about the technology, Georgieva cautio...

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China-bound exports in double digits even as US shipments fall and trade deficit widens: RBI

India’s merchandise trade deficit widened in January 2026 as imports rose at a faster pace than exports, according to the Reserve Bank of India’s January bulletin. The expansion in the trade gap reflected a sharper increase in inbound shipments even as export performance remained uneven. ...

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Govt net market borrowing to fall to 3% of GDP in FY27, free up resources for pvt sector: RBI bulletin

Pointing to a decline in net government borrowings as a percentage of GDP, a monthly bulletin released by the Reserve Bank on Friday argued that it will facilitate greater availability of resources to the private sector. The Union government's net market borrowings are budgeted to decline to 3 per cent of ...

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DBT reach Rs 5.6 lakh crore so far in FY26

The Centre has transferred subsidies and welfare benefits worth Rs 5.6 lakh crore to beneficiaries through the Direct Benefit Transfer (DBT) so far in the current financial year, indicating that disbursements are on track to approach recent peak levels if March releases follow typical year-end patterns. Hi...

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Base year of merchandise trade indices updated

The Ministry of Commerce and Industry has revised the base year of Merchandise Trade Indices to FY 2022-23 from 2012-13. The indices are important indicators of external sector price movements and are widely used for economic analysis, including national accounts compilation and assessment of terms of trad...

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Trade deals to widen market access, support growth: RBI report

The completion of India–EU free trade negotiations and the interim trade agreement between India and the US are expected to expand India’s market access, diversify export destinations and sustain growth momentum, the Reserve Bank of India said in its latest State of the Economy assessment. The report highl...

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US court ruling frees 55% of exports from additional levies

The US Supreme Court decision invalidating country-specific tariffs by the Trump administration will free about 55% of India’s exports to America from the reciprocal tariffs that are to be brought down to 18% from 25% as part of a trade deal, according to a trade policy think tank. The 55% Indian exports w...

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India’s FTAs with UK and Oman to roll out in April; New Zealand pact likely by September: Piyush Goyal

Commerce and Industry Minister Piyush Goyal said that India’s free trade agreements (FTAs) with the UK and Oman are likely to be implemented in April, while the pact with New Zealand may come into force in September. He also said that the 27-nation bloc, the European Union, wants to implement the trade dea...

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Core Industries growth slows to 4% in January; Crude Oil, gas and refinery output drag

India’s eight key infrastructure sectors’ output slowed down to 4 per cent in January. Earlier in January 2025, the eight key infrastructure sectors’ output growth was at 5.1 per cent. The same was 4.7 per cent in December 2025. The Index of Eight Core Industries (ICI), which tracks activity across eight...

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US SC strikes down tariffs – Are Indian companies eligible for refunds?

The pressure on Indian exporters is expected to ease after the landmark ruling by the US Supreme Court on Friday striking down tariffs imposed under emergency economic powers. However, the benefits are likely to unfold gradually rather than deliver immediate windfalls. India, one of America’s largest tradi...

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MARKET & FINANCE

Analysis-From 'Buy America' to 'Bye America', Wall Street Exodus Gathers Pace

U.S. investors are pulling money out of their own stock market at the fastest pace in at least 16 years as Big Tech returns fade and better-performing overseas markets look more attractive. In the last six months, U.S.-domiciled investors have pulled some $75 billion from U.S. equity products, with $52 bil...

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US Supreme Court ruling overturning Trump tariffs could spook bond vigilantes

The U.S. Supreme Court's Friday ruling striking down President Donald Trump's sweeping tariffs prompted a muted rally in global stock markets while stoking worries among so-called bond vigilantes about government finances and higher bond yields. The decision could dent risk appetite among investors, especiall...

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India's forex reserves swell by $8.66 bn to hit an all-time high of $725.7 bn

India's foreign exchange reserves rose by $8.66 billion from a week earlier to hit an all-time high of $725.727 billion in the week ending February 13, latest data released by the Reserve Bank of India (RBI) showed on Friday. The previous all-time high of $723.774 billion was touched in January. For the we...

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GLOBAL CORPORATE

OpenAI Expects Compute Spend of Around $600 Billion Through 2030, Source Says

OpenAI is targeting roughly $600 billion in total compute spend through 2030, a source familiar with the matter told Reuters on Friday, as the ChatGPT maker lays groundwork for an IPO that could value it at up to $1 trillion. OpenAI's 2025 revenue totaled $13 billion, beating its $10 billion projection, ...

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Trump Tariff Reversal Could Cut Costs for US Energy Firms but Will Likely Leave Broader Flows Unchanged

The U.S. Supreme Court's Friday decision to strike down trade tariffs imposed by President Donald Trump last year may ease costs for some oil producers and drillers, but experts and analysts told Reuters that broader energy flows would likely remain unchanged for now. The court's ruling could reduce the co...

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USTR Expects New Section 301 Probes to Cover Most Major Trading Partners

U.S. Trade Representative Jamieson Greer said on Friday his office would launch several new investigations under the Section 301 trade provision, covering most major trading partners and areas such as pharmaceutical product pricing. Greer said the administration was confident that all trade deals negotiate...

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US Supreme Court invalidates many of Trump's tariffs. What happens to all the trade deals now?

The Supreme Court's decision to invalidate many of President Donald Trump's tariffs threw into doubt a series of trade deals that the administration struck in recent months, including with some of the country's largest trading partners. Many of the agreements had set tariffs at around 15% or 20%, lowering ...

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Trump announces additional 10% global tariff after SC setback; effective Feb 24

US President Donald Trump on Friday signed a 10 per cent global tariff order on top of existing import duties--for a period of about 5 months, signalling an escalation of his trade policy despite a setback from the Supreme Court of the United States. The new levy will take effect at 12:01 a.m. ET on Februa...

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For Europe Inc, US tariff relief comes with a sting in the tail

From European wine makers to chemical companies and distillers, the U.S. Supreme Court ruling knocking down a large part of President Donald Trump's trade tariffs comes with a sting in the tail: an even more uncertain trade outlook. In a decision that will ripple through the global economy, the top U.S. court...

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GLOBAL ECONOMY

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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Fed's Bostic: 'Pretty Strong' GDP Growth Raises Inflation Concerns

Full-year economic growth at 2.2% is "a pretty strong number" that is high enough to raise concerns about persistent inflation and likely require tight monetary policy to hold back the economy, Atlanta Fed President Raphael Bostic...

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Fed's Logan Sees Inflation Easing, Says Rate Policy 'Well Positioned' for Risks

Dallas Federal Reserve President Lorie Logan said on Friday that while she expects inflation pressures to ebb as tariff impacts on the economy wane, she's not yet prepared to say what the next move for monetary policy should be. ...

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Analysis-US Supreme Court Ruling Offers Little Respite for Global Economy

While the U.S. Supreme Court's ruling on Friday against President Donald Trump's use of tariffs marks a clear setback for his use of trade levies as an economic weapon, analysts say it offers little immediate relief for the global...

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Fed's Musalem: Tariff Ruling Could Mean Uncertainty

St. Louis Federal Reserve President Alberto Musalem on Friday said that if the new tariffs President Donald Trump announced after the Supreme Court threw out some of his global tariffs are essentially one-for-one replacements, his...

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US Economy Can Grow at Least 3.5% in 2026, Bessent Tells Fox News

U.S. Treasury Secretary Scott Bessent told "The Will Cain Show" on Fox News on Friday that he believed the U.S. economy could grow by at least 3.5% in 2026. Bessent blamed the sharply lower growth of 1.4% in gross domestic prod...

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Supreme Court Tariff Ruling Clouds Fed's Rate Path After a Year of Upheaval

The Supreme Court's ruling against a broad set of the Trump administration's tariffs poses new questions for Federal Reserve policymakers who have spent the last year trying to understand how the president's sharply higher import ...

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One of America’s most critical resources is eroding

America is having a collective freakout about jobs — specifically, that soon AI will do everything and leave everyone unemployable. This concern is not necessarily misplaced, but it is better understood as part of a larger worry: ...

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How will companies get refunds now that US Supreme Court has rejected Trump's tariffs?

The U.S. Supreme Court said on Friday that tariffs imposed by President Donald Trump under an economic emergency law were illegal. The court did not say how the government should refund the illegal tariffs, worth an estimated $...

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INDIAN CORPORATE

Germany's talent deficit pushes Siemens to make India a key global capability hub, says board member Judith Wiese

Judith Wiese, board member and chief people and sustainability officer at Siemens AG, cautioned that Germany will lose 15-20% of its workforce over the next decade due to demographics. And this is why India is "central" to Siemens...

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Brazilian aircraft maker Embraer ties up with Hindalco to secure aerospace-grade aluminium

Brazilian aircraft manufacturer Embraer SA has signed a second memorandum of understanding with Hindalco Industries, Aditya Birla Group's metals flagship, as it seeks to identify local partners and suppliers. This comes a littl...

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COMMERCIAL LAW

Net FDI inflows negative for the fourth straight month in December

Data from the RBI’s Bulletin show that net foreign direct investment (FDI) remained negative for the fourth consecutive month in December 2025 due to a rise in repatriation and outward FDI. Persistent Outflows In December, net...

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GST

Facility for Withdrawal from Rule 14A

GSTN has enabled a new online facility for eligible taxpayers to apply for withdrawal from the option availed under Rule 14A of the CGST Rules by filing Form GST REG-32 on the GST Portal. 1. Who can apply • Active Taxpayers who are registered under Rule 14A, may apply for OPT OUT in accordance with the ...

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