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January 19, 2026
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Billionaire wealth surge links concentrated wealth to political power and calls for taxation and firewalls between wealth and politics.
The report links a sharp 2025 surge in billionaire wealth to concentrated economic and political power: billionaires now hold record wealth that roughly equals the bottom half of humanity, are estimated to be 4,000 times more likely to hold political office, and use ownership of major media and social platforms and favourable policy shifts to translate wealth into political influence. It calls for National Inequality Reduction Plans, taxation of the super rich, legal firewalls between wealth and politics, and stronger protections for civil liberties and civil society.
January 18, 2026
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Tariff hikes and levy increases alleged to burden citizens, with unpaid reimbursements and denied MSP worsening agrarian distress.
Allegations that tariff and levy increases-including higher liquor prices and stamp duty-have financially burdened citizens, coupled with claims that farmers were denied minimum support prices, urea shortages persist, and the government owes about Rs 5,600 crore in fee reimbursements; the statement also alleges a deterioration in law and order with reported killings of returnees and no response from the ruling coalition.
January 18, 2026
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Holistic Agriculture Development Programme drives 92,000+ agricultural units, generating revenue, profit and rural employment for farmers.
HADP, funded at Rs 5,013 crore across 29 projects, targets transition to income-generating agriculture; over 3.7 lakh farmers registered, nearly four lakh applications approved and more than 92,000 productive units established, with 86,000+ digitally tracked. DakshKisan delivered structured skilling to 3.5 lakh farmers. Digitally tracked units reported ~Rs 350 crore revenue, ~Rs 125 crore profit and 1.9 crore person-days of employment, yielding about Rs 2 revenue and Re 1 profit per rupee of subsidy and prompting referrals to financial institutions to support enterprise financing.
January 18, 2026
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Foreign news roundup: trade tensions over AI and tariffs, India at WEF, regional incidents and tourism trends.
A foreign-news roundup focuses on trade policy friction-U.S. criticism of American funding of foreign AI and protest against threatened additional tariffs-alongside India's active participation at a global economic forum and regional incidents including a Pakistan invitation to a Gaza board, a communal killing in Bangladesh, a deadly Karachi mall fire under investigation, and Sri Lanka tourism figures led by Indian visitors.
January 18, 2026
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US tariff threat over Greenland risks sparking a transatlantic crisis and prompting coordinated European diplomatic and economic response.
A threatened 10% US tariff on eight European countries over troop deployments to Greenland prompted unified rebukes that such threats undermine sovereignty and territorial integrity, risk a dangerous downward spiral in transatlantic relations, and face legal and practical uncertainty given the EU single market and pending challenges to US emergency economic powers.
January 18, 2026
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Karnataka showcasing execution-first investor facilitation to convert investment intent into on-ground projects through land readiness, approvals, utilities and incentives.
Karnataka is adopting an execution-first investor facilitation strategy emphasizing land readiness, expedited statutory approvals, assured utilities, sector-specific infrastructure, supply chain linkages, skilled talent, incentive frameworks and time-bound facilitation through investor support mechanisms to convert investment intent into on-ground project implementation.
January 18, 2026
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Navarro questions why Americans are funding AI use in India amid tariffs and escalating trade tensions.
Peter Navarro criticised the economic implications of American-funded Artificial Intelligence services servicing large foreign users, questioning why Americans would bear costs for AI use in India and linking cross-border AI consumption to domestic economic concerns. He situated the remarks within broader bilateral trade strain, referencing a 50 percent tariff on Indian goods and an additional 25 percent duty related to Russian crude purchases, and reiterated prior attacks on India's tariff policies and oil purchases while India affirmed measures to safeguard national interests and economic security.
January 18, 2026
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Enforcement Directorate arrests alleged drug trafficker and seizes Rs 3 crore in money laundering probe.
Enforcement Directorate action under the Prevention of Money Laundering Act led to the arrest of an alleged drug trafficker and seizure of about Rs 3 crore after coordinated multi state searches arising from a Goa Police anti narcotics FIR, with the probe and asset measures aimed at tracing and attaching proceeds of narcotics trafficking.
January 18, 2026
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Online betting app Magicwin charged under anti-money laundering law for operating a betting exchange and laundering funds.
The Enforcement Directorate filed a prosecution complaint under the Prevention of Money Laundering Act against Magicwin, a UK-registered online betting portal allegedly run by Pakistani directors based in the UAE, naming 14 accused. Stemming from an Ahmedabad cybercrime FIR concerning unauthorized streaming of ICC Men's T20 World Cup 2024, the agency alleges Magicwin operated as a betting exchange and live-casino platform, used mule accounts for transactions, and diverted betting funds through hawala and cryptocurrencies.
January 18, 2026
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Infrastructure push in West Bengal: port, inland-waterway and rail upgrades plus new passenger trains and green vessels.
Central investment announced for port, inland-waterway and rail infrastructure in West Bengal includes the Jayrambati-Barogopinathpur-Maynapur rail line, flagging off Amrit Bharat Express trains, and foundation of an Extended Port Gate System at Balagarh with an Inland Water Transport terminal and road overbridge; Balagarh is planned as a 900-acre cargo terminal with about 2.7 MTPA capacity to divert vessel movement from congested urban corridors and reduce logistics pressure on Kolkata.
January 18, 2026
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E-rickshaw driver impersonated a police officer to evade tolls and access services using a fake ID.
A motorised-rickshaw driver impersonated a police officer to avoid paying tolls and obtain hotel services; police arrested him and seized a sub inspector's uniform, a Special Police Officer identity card purchased for a sum, and personal identity documents, with interrogation revealing the false persona was used repeatedly while operating a rented e rickshaw on an intercity route.
January 18, 2026
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Assam to attend WEF Davos 2026; Chief Minister to present investment opportunities and pursue MoUs during Jan 19-23.
Assam will attend the World Economic Forum Annual Meeting in Davos for the first time, with the Chief Minister representing the State from January 19-23 to present investment opportunities and a future-ready vision. Key memoranda of understanding are expected to be signed during the four-day engagement, framing the visit as a state-led investment promotion and formalisation of cooperative arrangements within a broader Indian delegation.
January 18, 2026
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NSS-SNDP unity talks focus on resolved reservation differences and preserving Sabarimala traditions via legal avenues.
NSS is considering unity with the SNDP after reservation-related differences were said to have been resolved; a decision awaits an internal meeting. The NSS stresses political equidistance and organisational autonomy, denies partisan motives, and affirms procedural permission requirements for access to the founder's samadhi. The society also defends efforts to preserve traditional temple practices, citing protests and a pending Supreme Court challenge described as Temple Entry Litigation to uphold traditions at Sabarimala.
January 18, 2026
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Defence policy targets 50% private-sector production and increased ammunition exports while strengthening R&D and industrial base.
Policy emphasises strengthening the defence industrial base by expanding private-sector participation through simplified policies, prioritising R&D and technology-driven production, and setting an operational goal of at least 50 percent private-sector share in defence manufacturing to scale domestic production and exports and achieve self-reliance.
January 18, 2026
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US tariffs on eight countries over Greenland raise legal questions on emergency powers and risk harming transatlantic ties.
The United States announced a 10% tariff on eight European countries to pressure negotiations over Greenland; implementation raises legal and practical questions because the EU operates as a single economic zone and the administration may rely on emergency economic powers that face a Supreme Court challenge. The announcement prompted EU consultations, unified political criticism, and concerns that tariffs could harm transatlantic relations and complicate NATO-related Arctic security cooperation.
January 18, 2026
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West Bengal: TMC alleges Centre blocked funds and misused agencies, vows to resist electoral roll deletions and harassment.
TMC leader Abhishek Banerjee alleged the Centre withheld funds for West Bengal and misused central agencies to harass the party ahead of the 2026 Assembly elections, asserting political intimidation through financial pressure and enforcement action. He further alleged the SIR found 54 lakh unmapped voters and warned of plans to delete over one crore names from electoral rolls, pledging TMC opposition to any mass deletions and criticising documentation demands on long resident citizens and selective enforcement against cultural figures and events.
January 18, 2026
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Ponnani shipyard to be developed under PPP model; phased investments, training institute and alternative fish-drying facilities planned.
A shipbuilding yard will be developed at Ponnani port under a public-private partnership; the tender is complete and the agreement with the private partner is expected shortly. The project will occupy about 29 acres of coastal land under the Kerala Maritime Board, begin with small-vessel construction and a wharf, and expand in a second phase to large-vessel building with phased investments of approximately Rs 200 crore initially and Rs 1,000 crore thereafter.
January 18, 2026
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CPI leader Raja accuses Prime Minister Modi of succumbing to US pressure over tariffs and oil purchases.
CPI General Secretary D Raja accused Prime Minister Narendra Modi of yielding to US pressure on higher tariffs and on buying oil from Russia, arguing this surrender undermines India's sovereign economic choices and international standing and that continued acquiescence would forfeit Modi's right to remain Prime Minister.
January 18, 2026
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India promotes investment and partnerships at WEF with pavilions, state delegations and an AI-focused industry push.
India's WEF outreach uses a national pavilion, industry pavilions and state exhibits to promote investment and commercial partnerships under the theme "Partner with Bharat," with Indian industry-especially IT firms-emphasising artificial intelligence as a core offering and government and state delegations pursuing bilateral investor engagements.
January 18, 2026
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Maharashtra civic polls show BJP's tactic: ally with smaller parties, then marginalise them, warns Kapil Sibal.
BJP's electoral pattern is to ally with smaller parties where it is weak, win power, then marginalise those allies; recent Maharashtra municipal results-showing BJP seat gains and declines for Shiv Sena, Congress, NCP and MNS-are presented as evidence. The piece warns smaller parties that alignment with the BJP risks sidelining, cites defections and factional disputes as illustrations, and provides final seat tallies across numerous municipal corporations to support this strategic assessment.

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Customs & Trade

UK PM Starmer protests Trump’s ‘completely wrong’ Greenland tariffs

January 18, 2026

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London, Jan 18 (PTI) British Prime Minister Keir Starmer has dubbed the additional tariffs threatened by US President Donald Trump over European countries opposed to his Greenland takeover as “completely wrong”.

Starmer joined other European allies on Saturday night to object to the proposed move after Trump posted about the plan on his Truth Social platform.

He has threatened to impose 10 per cent tariffs on goods imported to the US from the UK, Denmark, Norway, Sweden, France, Germany, the Netherlands and Finland from February 1.  This could rise even further to 25 per cent until a deal over Greenland, an autonomous island in the Arctic, is reached.

“Our position on Greenland is very clear – it is part of the Kingdom of Denmark, and its future is a matter for the Greenlanders and the Danes,” said Starmer, in a statement released by 10 Downing Street in London.

"We have also made clear that Arctic Security matters for the whole of NATO [North Atlantic Treaty Organisation] and allies should all do more together to address the threat from Russia across different parts of the Arctic.

"Applying tariffs on allies for pursuing the collective security of NATO allies is completely wrong. We will, of course, be pursuing this directly with the US administration,” he said.

French President Emmanuel Macron described Trump’s threat as “unacceptable”, even as thousands took to the streets in Greenland and Denmark to protest a forced American takeover.

“We will not be swayed by any intimidation,” said Macron.

Swedish Prime Minister Ulf Kristersson stressed that European allies won’t be “blackmailed”.

"Sweden is currently having intensive discussions with other EU [European Union] countries, Norway and the United Kingdom to find a joint response," he said.

Meanwhile, in a post on X, European Commission President Ursula von der Leyen, said territorial integrity and sovereignty are fundamental principles of international law.

"Tariffs would undermine transatlantic relations and risk a dangerous downward spiral," she warned.  Next week, Trump is set to meet Von der Leyen and other European leaders at the annual World Economic Forum in Davos, Switzerland, when Greenland will dominate the agenda.

In his Truth Social post on Saturday, Trump said it was time for “Denmark to give back” as “world peace is at stake”. It followed European countries, including the UK, taking part in a NATO training exercise in Greenland last week.

He said his administration was “immediately open to negotiation” with the countries involved, adding that the tariffs would only end when “a deal is reached for the complete and total purchase of Greenland”. PTI AK        RD RD

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