Current Affairs

Current Affairs — 23 February 2026

23 February 2026

US Supreme Court Limits Presidential Power to Impose Tariffs Under IEEPA

The U.S. Supreme Court (SCOTUS) ruled 6-3 that President Donald Trump’s use of the International Emergency Economic Powers Act (IEEPA) to unilaterally impose tariffs was unlawful without clear congressional authorization. The court found that IEEPA does not grant the executive power to tax or regulate trade to such an extent. This ruling impacts various countries, including India, which faced a 50% tariff hike linked to its purchase of Russian oil. While some existing tariffs under other laws remain, the ruling establishes a significant check on executive overreach in trade policy, potentially easing pressure on bilateral trade negotiations.

  • The ruling restricts the President's ability to use emergency powers for imposing unlimited tariffs without legislative oversight.
  • The court emphasized the necessity of 'clear congressional authorization' for the executive to exercise taxation-like economic powers.
  • India had been specifically targeted with high tariffs due to Washington's objections to New Delhi purchasing oil from Russia.
Exam Points
  • International Emergency Economic Powers Act (IEEPA) was the primary statute under scrutiny in the 6-3 SCOTUS ruling.
  • Section 122 of the Trade Act of 1974 and Section 232 of the Trade Expansion Act of 1962 are alternative legal routes for tariffs.
  • India faced a whopping overall tariff rate of 50% under previous executive actions.
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Implementation of Women’s Reservation Act Faces Delays Due to Census and Delimitation Requirements

Although the Women’s Reservation Act was passed in September 2023, its implementation is stalled until after the first Census following 2026 and subsequent delimitation. This means the 33% reservation for women in Lok Sabha and State Assemblies likely won't take effect until 2034. Critics argue this 'census-delimitation linkage' is a constitutional barrier that could have been avoided. The article highlights concerns regarding the lack of sub-reservation for OBC women and the potential for political friction between northern and southern states during the delimitation process, which could further complicate the timeline for gender parity in Indian politics.

  • The Act mandates that reservation will only apply after the delimitation exercise following the next Census, scheduled for 2027.
  • Delimitation involves redrawing constituency boundaries to balance population representation, a process governed by Article 82.
  • There is no constitutional necessity to link women's reservation to delimitation; Parliament could have enabled immediate implementation through amendment.
Exam Points
  • Article 82 of the Constitution mandates the Parliament to enact a Delimitation Act after every Census.
  • The next Census is scheduled for 2027, with delimitation expected to conclude around 2032 or 2033.
  • Article 15(3) empowers the State to make 'special provisions' for women and children.
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India Joins US-Led Pax Silica Alliance to Secure AI and Critical Mineral Supply Chains

India has joined the Pax Silica alliance, a U.S.-led coalition focused on securing infrastructure for Artificial Intelligence (AI) and critical minerals. This strategic move aims to bolster domestic initiatives like IndiaAI and the National Critical Mineral Mission by securing raw materials and attracting investment. While the alliance offers a 'trusted ecosystem' and a shift away from China-centric supply chains, it poses risks of Chinese economic retaliation and rigid export controls. India must balance its preference for 'issue-based alignments' with the potential constraints of a formal technological bloc that could influence its domestic AI regulations and security standards.

  • Pax Silica focuses on building secure technology networks for AI, semiconductors, and critical mineral processing.
  • India provides significant engineering talent and assembly capacity, adding geopolitical weight to the coalition's efforts.
  • The alliance aims to establish democratic governance standards for critical technologies to counter non-democratic influences.
Exam Points
  • Pax Silica is a U.S.-led coalition targeting AI and critical minerals infrastructure.
  • Relevant domestic missions include India Semiconductor, IndiaAI, and National Critical Mineral Missions.
  • External Affairs Minister S. Jaishankar describes India's strategy as 'issue-based alignments'.
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Constitutional Protections and Limitations on the Freedom of Speech for Members of Parliament

The article examines the freedom of speech granted to Members of Parliament (MPs) under Article 105 of the Constitution. While this privilege is essential for the smooth functioning of the legislature, it is subject to the rules of the House and specific constitutional restrictions, such as Article 121. Recent controversies regarding the 'expunging' of words by the Speaker have raised concerns about infringing on an MP's right to speak. The author argues that rules of procedure should not eclipse constitutional rights and that the power to expunge should be used sparingly to maintain the coherence and sanctity of parliamentary debates for posterity.

  • Article 105 guarantees freedom of speech in Parliament, protecting members from legal action regarding their statements in the House.
  • Article 121 prohibits discussion on the conduct of Supreme Court or High Court judges except during a formal removal motion.
  • The Speaker has the power under Rule 380 to expunge unparliamentary or defamatory words from the official record.
Exam Points
  • Article 105 of the Indian Constitution deals with the powers, privileges, and immunities of MPs.
  • Article 121 restricts discussion on the conduct of judges in Parliament.
  • Rule 380 of the Rules of Procedure and Conduct of Business in Lok Sabha allows the Speaker to expunge remarks.
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New Consumer Price Index Base Year 2024 Reflects Shifting Indian Consumption Patterns

India has updated its inflation index (CPI) with a new base year of 2024 to better reflect modern household spending. The revised basket re-organizes items into 12 distinct categories based on the COICOP 2018 classification. A significant shift is observed: the weight of food has declined, while housing and services (education, health, transport) now account for a larger share. This update, informed by the Household Consumption Expenditure Survey (HCES), allows the Reserve Bank of India (RBI) to more accurately distinguish between transitory food price shocks and persistent service-sector inflation, which is crucial for setting effective interest rates.

  • The base year for CPI has been shifted from 2012 to 2024 to capture current consumption trends.
  • The new index uses the Classification of Individual Consumption According to Purpose (COICOP) 2018 standards.
  • Data shows that as incomes rise, the proportion of spending on food decreases while spending on services increases.
Exam Points
  • The new CPI base year is 2024, replacing the previous 2012 base.
  • The index is based on the Household Consumption Expenditure Survey (HCES) data.
  • The basket is categorized into 12 divisions following COICOP 2018 standards.
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