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    Meghalaya CM says reservation policy report to be placed in Assembly during Budget session
    Govt blocks 242 illegal betting, gambling website links
    Jio Platforms Q3 profit jumps 11.3 pc to Rs 7,629 cr on higher ARPU
    India, Japan partnership holds immense potential to de-risk global economy: Jaishankar
    Rs 1,621-cr illicit funds routed via mule a/cs in Punjab and Sind bank; CBI books ex-branch heads
    Equity markets to remain open on Budget day on Feb 1
    SC sets aside service tax demand from HT Media on fees paid to global speakers at summit
    India remains engaged with the US: MEA on Chabahar port project
    Reliance reports flat Q3 profit at Rs 18,645 cr as retail weakness weighs
    Jharkhand's Adityapur will be developed to cater to requirements of defence sector: Minister
    India's startup ecosystem enters defining phase, focus shifts to IP-led outcomes: Accel partner Prashanth Prakash
    Nothing wrong in Congress seeking share in power: Sachin Pilot
    IndiGo's Mumbai-Krabi flight delayed over 3 hours, chaos onboard
    Union Minister for Commerce and Industry Shri Piyush Goyal Highlights Growing Self-Confidence Among India’s Youth at Startup Pe Charcha.
    Startup India Has Evolved into a Defining Movement of New India: Prime Minister Shri Narendra Modi.
    Cong attacks AAP for 'raids' on Punjab Kesari newspaper group
    Ajit Pawar's `family reunion' gambit fails in Pune, Pimpri-Chinchwad
    PFRDA promotes NPS adoption among microfinance borrowers for post-retirement security
    Silver defies gravity; hits another record of Rs 2.92 lakh/kg in Delhi
    Aakar Charitable Trust combats rural drought by raising groundwater levels through sustainable water solutions in the water deficient parts of India
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January 16, 2026
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Meghalaya reservation policy report to be placed in Assembly during mid February Budget session for legislative review.
The cabinet approved tabling an expert committee report on the state's reservation policy-which maintains substantial tribal quotas, recommends adjustments for demographic and economic fairness, and emphasizes local preference for district posts-during the proposed mid February Budget session, subject to gubernatorial notification.
January 16, 2026
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Government blocked 242 illegal betting and gambling website links under the Online Gaming Act to curb user harm.
The government directed blocking orders against links to 242 illegal betting and gambling websites, continuing enforcement following the ban on real money gaming apps and intensified action after the passage of the Online Gaming Act. Officials report over 7,800 illegal betting and gambling websites have been taken down, framing the measures as administrative enforcement to protect users and curb financial and social harm from unregulated online betting platforms.
January 16, 2026
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Jio Platforms' quarterly profit rose 11.3% to Rs 7,629 crore on higher ARPU and subscriber growth.
Jio Platforms' consolidated net profit rose 11.3% to Rs 7,629 crore in the December quarter, driven by subscriber growth, higher ARPU, and scaling of digital services. Revenue from operations increased 12.7% to Rs 37,262 crore and gross revenue rose 12.7% to Rs 43,683 crore. ARPU climbed 5.1% to Rs 213.7, with gains partly offset by promotional offers for unlimited 5G and fixed broadband services.
January 16, 2026
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India-Japan partnership to strengthen economic security through critical minerals cooperation, AI dialogue and resilient supply chains.
India and Japan agreed to enhance economic security by creating a joint working group on critical minerals to advance collaboration on rare earths and other essential materials, and by launching a formal dialogue on artificial intelligence to guide bilateral cooperation in high technologies. The ministers prioritized resilient supply chains, energy, health, maritime security, and people-to-people links as components of a coordinated Indo-Pacific strategic agenda.
January 16, 2026
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Illicit funds routed via mule accounts at a bank using forged KYC and fabricated documents to launder over Rs 1,621 crore.
The CBI registered FIRs alleging former Punjab & Sind Bank branch heads and others opened and operated 17 mule accounts in names of fictitious firms using forged KYC and fabricated supporting documents, enabling routing, layering and transfer of about Rs 1,621 crore of proceeds from cybercrime and other illicit activities in violation of KYC norms and due diligence requirements.
January 16, 2026
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Equity markets will remain open on Budget day with standard hours and specified pre-open and trading timings.
Exchanges designated February 1 as a special trading day and announced live trading will proceed under standard hours, with a pre-open session from 9:00 a.m. to 9:08 a.m. and normal trading from 9:15 a.m. to 3:30 p.m., notifying investors via exchange circulars that markets will remain open during the Union Budget presentation.
January 16, 2026
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Fees paid to international speakers at summits are not taxable as event management service under reverse charge.
Payments to overseas booking agents for securing international speakers for a summit do not constitute event management service subject to service tax under the reverse charge mechanism because speakers and their agents do not plan, promote, organise or present the event; participation alone is not management, and taxing statutes must be strictly construed.
January 16, 2026
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Chabahar port: India considers transferring committed funds and creating new entity amid US sanctions waiver expiry.
India is reassessing its Chabahar port engagement due to a US sanctions waiver expiring April 26, 2026 and a threatened additional tariff. New Delhi is engaging with the US while considering transferring approximately USD 120 million to end direct government exposure and creating a new non-sovereign entity to continue development, thereby preserving support without sovereign liability.
January 16, 2026
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Reliance Industries Q3 profit nearly flat as retail weakness from GST changes offsets energy and digital gains.
Reliance Industries reported consolidated net profit of Rs 18,645 crore for the third quarter with revenue from operations of Rs 2.69 lakh crore. Retail weakness, principally attributed to GST rate rationalisation, constrained earnings growth, while stronger performance in the energy and digital businesses offset that softness and kept quarterly profit nearly flat.
January 16, 2026
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Adityapur development will target defence manufacturing, integrating regional MSMEs to boost indigenisation and defence exports.
Adityapur is to be developed for defence manufacturing by leveraging its auto parts industry and about 1,500 MSMEs to support indigenisation and participation in defence supply chains, with plans to form a Jamshedpur-Adityapur-Ranchi-Bokaro industrial corridor contingent on state government cooperation and aimed at enhancing defence exports and domestic supplier capability.
January 16, 2026
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India's startup ecosystem is shifting to IP-led, globally credible product and technology companies supported by policy and long-horizon capital.
India's startup ecosystem is shifting from scale to sustained, Intellectual Property-led product and technology development across sectors beyond software. Three emerging archetypes-translational innovation, domain-immersed entrepreneurship, and ventures combining global IP with Indian manufacturing rigour-are driving durable technical advantage. Policy and capital are aligning with this shift through R&D support, procurement pathways and early-stage risk absorption, while investors increasingly target long-horizon, IP-focused outcomes rather than rapid scale alone.
January 16, 2026
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Congress demand for a share in power in Tamil Nadu defended; calls for representation, criticises central allocations, and urges fair elections.
Sachin Pilot defends the Congress demand for a formal share in power within a potential DMK-led government, arguing it enables representation and public service, while noting the DMK has performed well and the BJP/NDA remain weak in the state. DMK leaders have ruled out power-sharing. Pilot also criticises central budget allocations and changes to the rural employment scheme, alleges undue administrative pressure in electoral revision exercises, and calls for fair and transparent elections.
January 16, 2026
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IndiGo Mumbai-Krabi flight delayed over three hours amid crew duty-limit issues and unruly passenger incidents and poor communication.
IndiGo reported the Mumbai-Krabi flight was delayed beyond three hours due to late arrival of the incoming aircraft, air traffic congestion, and the crew exceeding duty time limits; the airline declared two passengers unruly and did not disclose departure times or passenger numbers, while boarded passengers complained of inadequate communication.
January 16, 2026
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Startups: FTAs, Rs.10,000 cr Startup Fund, GeM/ONDC integration, supply chain linkages and reskilling for deep-tech, tourism, and artisans.
The release describes policy measures to accelerate startup growth: priority sector focus on tourism and skill development with technology integration and workforce reskilling; Free Trade Agreements creating market and investor opportunities for cross-border startup collaboration; a second Rs.10,000-crore Startup Fund of Funds to support early-stage deep-tech; Government e-Marketplace and ONDC-based digitisation to enable artisans' market access; and institutional efforts to link startups and small enterprises with large investors and manufacturers to build domestic supply chains.
January 16, 2026
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Startup India expands financing and governance: Fund of Funds, Rs.1 lakh crore R&D fund, state rankings and national awards boost deep tech growth.
The Government's operative startup framework combines targeted capital instruments-an expanded Fund of Funds and a Rs.1 lakh crore R&D fund-with DPIIT recognition for over 200,000 startups to support job creation and deep tech development. Complementary governance and incentive mechanisms include the States' Startup Ranking Framework, assessing six reform areas across nineteen action points to drive measurable ecosystem outcomes, and the National Startup Awards across 20 categories to recognise innovation, scalability, and societal impact.
January 16, 2026
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Punjab Kesari alleges multiple raids and intimidation, Congress accuses AAP of targeting the press and undermining freedom.
Congress accused the Punjab AAP government of using enforcement measures-GST and excise searches, printing-press raids and alleged power interruptions-to intimidate Punjab Kesari, framing these actions as targeting the press and undermining freedom of expression, while the state government denied the newspaper group's allegations.
January 16, 2026
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Municipal elections saw major BJP gains while a contested government land sale involving a partner of Ajit Pawar's son faces investigation.
The article reports a contested 40 acre government land parcel sold at a reduced price to Amadea Enterprises LLP, in which Ajit Pawar's son is a partner, and notes that the deal came under scrutiny after a substantial stamp duty waiver; cases were registered against the seller's co partner and two government officials, presenting allegations of an illegal land sale and initiating a criminal investigation.
January 16, 2026
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Promotion of the National Pension System to microfinance borrowers with enrolment support and pension agents for retirement security.
PFRDA promoted adoption of the National Pension System among microfinance borrowers by presenting the NPS structure, features and benefits and emphasising its suitability for the informal sector. The outreach focused on enrolment and contribution mechanics for low income borrowers and included deployment of pension agents to assist borrowers and explain procedural nuances of joining the scheme.
January 16, 2026
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Silver hits record high in Delhi amid industrial demand, supply concerns and currency-driven market dynamics.
Silver in Delhi hit a record Rs 2,92,600 per kg after sustained stockist buying and persistent industrial offtake, supported by currency dynamics despite weaker international spot prices; analysts link the rise to accelerating industrial demand, supply deficits, and continued investor interest amid short-term profit-taking on firmer US dollar and changed Fed rate expectations.
January 16, 2026
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Aakar Charitable Trust builds check dams and ponds to recharge groundwater, requiring local contribution and maintenance to secure rural water and livelihoods.
Aakar Charitable Trust builds rainwater-harvesting structures (check dams and ponds) to increase groundwater recharge and convert arid land to irrigated farmland, requiring villagers to contribute 30% of project costs and to maintain completed works; where check dams are infeasible, ponds are used. The Trust pairs infrastructure with voluntary social reform pledges to protect income gains and runs complementary programmes in tree plantation, education, and cultural/ecological restoration.

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Customs & Trade

Following are the top foreign stories at 2030 hours

January 17, 2026

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FGN35 BANGLA-LD HINDU

Hindu man crushed to death in Bangladesh New Delhi/Dhaka: A Hindu fuel station worker was crushed to death in Bangladesh after he tried to stop a vehicle from leaving a petrol pump without paying, police said.

FGN18 US-TRUMP-INDOPAK

Trump repeats claim of stopping India-Pakistan conflict New York/Washington: US President Donald Trump has again claimed that he stopped the fighting between India and Pakistan and saved millions of lives, describing it as an “honour”.

FGN30 CHINA-US-DEBT

China cuts its US debt holdings to a 17-year low, shifts reserves to gold Beijing: China has reduced its US Treasury holdings to a 17-year low as part of the continued diversification of its forex reserves towards gold and overseas equity investments amid unsettling ties with Washington.

FGN41 NEPAL-POLITICS

Thapa-led Nepali Congress urges unity, vows to prioritise Gen Z aspirations Kathmandu: The Gagan Thapa-led Nepali Congress on Saturday called on party leaders and supporters to maintain "internal unity" and "mutual goodwill" to address challenges, as it vowed to focus on fulfilling the wishes of the Nepalese people, including the country's Gen Z youths.

FGN24 US-SENATORS-INDIA-PULSES

US lawmakers urge Trump to seek lower Indian tariffs on pulse crops in trade talks New York/Washington: Two US lawmakers have urged President Donald Trump to push for favourable provisions for pulse crop in any future trade deal with India, saying American producers face a "significant competitive disadvantage" due to what they described as "unfair” tariffs imposed by New Delhi.

FGN23 US-INDIAN-SENTENCE

Indian man gets 30-month jail in US for illegal export of aviation parts to Russia New York: A 58-year-old Indian national was sentenced to two-and-a-half years in prison in the US for conspiring to illegally export controlled aviation components from Oregon to Russia.

FGN17 SINGAPORE-INDIAN NAVY

Indian Navy training squadron on port call in Singapore under Act East Policy Singapore: Ships of the First Training Squadron of the Indian Navy, INS Tir, Shardul, Sujata and the Indian Coast Guard Ship Sarathi, are engaged in a range of training, professional and social programmes during their port call here.

FGN25 PAK-TERRORISTS

Pakistan security forces kill 12 terrorists in Balochistan  Karachi: Pakistan security forces killed 12 terrorists after they attacked two banks and a police station in restive southwestern Balochistan province, a military statement issued on Saturday said. 

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