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January 21, 2026
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Critical mineral recycling incentives link investment and recovery-quality benchmarks to build domestic recycling capacity for supply chain security.
The Critical Mineral Recycling Incentive Scheme under the National Critical Mineral Mission provides investment-linked incentives-up to Rs 50 crore for large recyclers and up to Rs 25 crore for smaller recyclers-tied to plant and machinery investment and technology and recovery quality benchmarks to build 2.7 lakh metric tonnes of domestic recycling capacity and enhance supply chain security.
January 21, 2026
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Senco Gold to acquire 68% of August Jewellery for Rs 68 crore, making AJPL a subsidiary and requiring no regulatory approvals.
Senco Gold will make a primary investment to acquire 68% of August Jewellery Private Limited for Rs 68 crore, after which AJPL will become a subsidiary. The consideration exceeds AJPL's FY25 turnover of about Rs 33.24 crore. The filing frames the purchase as strategic for digital and omnichannel expansion and synergy creation, states the deal is not a related party transaction, records no regulatory approvals are required, and anticipates completion by April 30, 2026.
January 21, 2026
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Telangana Police rehabilitation programme for surrendered Maoists offers identity documents, direct reward payments, housing support and medical care.
Telangana Police implemented a rehabilitation programme offering expedited Aadhaar, PAN and bank accounts, direct deposit of rewards (Rs 1 lakh-Rs 25 lakh), housing site allocation where possible, and medical treatment for surrendered CPI (Maoist) cadre, with all programmes directly monitored by the Special Intelligence Branch and ongoing outreach to remaining active cadres.
January 21, 2026
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KPMG opens a Kolkata tax hub to centralise technology-enabled tax compliance, transfer pricing and global mobility services.
KPMG Global Services Delivery Platform opened a new Kolkata tax office to centralise technology-enabled delivery of specialised tax services. The facility will handle tax compliance and reporting, indirect tax, transfer pricing, global mobility services and expatriate taxation for global clients, and will expand hiring across experience levels as part of KPMG's India-anchored global tax delivery model.
January 21, 2026
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Karnataka Governor refuses to deliver legislative address over objections to 11 paragraphs about MGNREGA repeal and fund devolution.
Governor refused to deliver the Cabinet-prepared address to the joint legislative session unless 11 paragraphs were deleted; those paragraphs criticised the repeal of MGNREGA and raised funding and relief grievances. The government asserts the address is the Cabinet's declaration of policy and invokes Article 176(1) as mandating that the Governor read the speech prepared by the Cabinet, while indicating willingness to amend objectionable language but not to accept complete deletions.
January 21, 2026
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Indore SEZ exports rose 8% to Rs 10,573 crore; pharmaceuticals make up 70% with the US a major market.
Indore's Special Economic Zone posted a 8.26% rise in exports to Rs 10,573 crore for April-December 2025 (vs Rs 9,766 crore previously). The SEZ covers 572 hectares in Pithampur, hosts 59 plants including 22 pharmaceutical units, and derives about 70% of its exports from pharmaceuticals, with the US a principal market.
January 21, 2026
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Ukraine war: President says parties are reasonably close to a settlement and will pursue direct talks to halt hostilities.
The President stated he believes Russia and Ukraine are "reasonably close" to a settlement, will meet Ukraine's leader to pursue a deal, and positioned third-party mediation-including personal brokering and the UN's role-as central to ending hostilities to prevent mass casualties and de-escalate international security risks.
January 21, 2026
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Andhra rooftop solar rollout targeted for two lakh installations by May with strict monitoring and accountability measures.
The state directed accelerated rooftop solar deployment under the PM Surya Ghar-Muft Bijli Yojana, targeting two lakh connections by May (1.5 lakh by March), mandating immediate meter installations, strict timelines and accountability for engineers, and fast-tracking feeder solarisation, EV charging infrastructure, civil and electrical works. Officials reported feeder solar projects over 1,160 MW under PM-KUSUM Component-C at about Rs 3.09 per unit and noted around 416 MWp rooftop capacity benefiting over two lakh SC/ST households.
January 21, 2026
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US demand to acquire Greenland tied to tariff threats, urging negotiations while asserting no use of force.
President Trump urged acquisition of Greenland, calling for "immediate negotiations" for transfer of title while asserting he would not use force. He concurrently threatened graduated tariffs on Denmark and seven allies-10 percent initially, rising to 25 percent-unless they negotiated the transfer, using trade measures as leverage. EU leaders rejected tariff coercion and warned of a united, proportional response that could undermine an existing US-EU trade framework, raising concerns about economic fallout and investor confidence.
January 21, 2026
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Trump's Davos speech pressed for US control of Greenland for strategic security while denying intent to use force.
President Trump's Davos speech pressed for US control of Greenland as a strategic asset, framed acquisition demands in security terms while denying intent to use force, and criticised allied defence spending and gratitude. The remarks emphasised leveraging defence spending expectations within NATO and public diplomatic pressure on Denmark and other partners, linking territorial aims to national security but did not set out legal mechanisms for transfer of sovereignty.
January 21, 2026
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Tata Group expresses interest in Telangana projects: Musi Riverfront, AI data centres, semiconductors, EV manufacturing, and hospitality.
Telangana invites private-sector association to advance the Musi Riverfront redevelopment and related urban revitalisation, with the Tata Group expressing interest in supporting river rejuvenation. The engagement also contemplates private investment in AI data centres, semiconductor and electric-vehicle manufacturing, hospitality expansion in temple towns, and collaboration on public sports infrastructure under the state's long-term development vision, to be pursued through partnership frameworks and project-level negotiations.
January 21, 2026
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Greenland: US will not use force but seeks negotiations to acquire it, claiming sole capacity to protect the island.
President Trump declared the United States will not use force to take Greenland but asserted that only the US can protect the strategically located island and called for immediate negotiations to acquire it from Denmark, framing the interest as strategic rather than mineral.
January 21, 2026
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US markets rise after Trump renounces force for Greenland; tariff plans and earnings shape volatility and bond moves.
President Trump's renunciation of using force to take Greenland, coupled with his call for immediate negotiations and announced plans to impose 10 per cent tariffs on several European and Nordic countries (above a prospective 15 per cent EU-linked tariff), coincided with a partial recovery in US equities, stabilisation of Treasury yields and the dollar, and continued price gains in gold and natural gas amid residual risk sentiment and demand expectations.
January 21, 2026
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Rupee plunges to record low amid foreign capital outflows and geopolitical risk, pressuring central bank intervention capacity.
The currency reached a record low of 91.65 against the US dollar due to persistent foreign capital outflows, geopolitical tensions, and negative domestic market trends; equity sell offs and delayed trade negotiations with the US worsened investor sentiment. Although central bank foreign exchange reserves and intermittent interventions have provided mitigation, they have struggled to stop aggressive depreciation, leaving the currency vulnerable to ongoing external shocks while potentially improving export competitiveness via real effective exchange rate adjustment.
January 21, 2026
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Greenland: US seeks transfer via negotiations, cites national security and warns of tariffs against opposing allies.
President Trump affirmed the U.S. will not use military force to acquire Greenland but urged immediate negotiations with Denmark, framing control of the island as a national security necessity while signalling willingness to impose tariffs and other economic measures on allies that oppose the transfer.
January 21, 2026
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Bengal teacher-recruitment scam: ED attaches Rs57.78 crore assets linked to alleged money laundering and middleman network.
Provisional attachment of immovable properties worth about Rs 57.78 crore under anti money laundering provisions, held in the names of a political figure, an alleged middleman and associates, alleged to be proceeds of crime from illegal assistant teacher appointments. The probe, based on FIRs, alleges tampering in recruitment processes, collection of illegal gratification, laundering via companies, LLPs and bank accounts, and subsequent acquisition of real estate; it records a key arrest and situates this action among prior substantial attachments in related recruitment investigations.
January 21, 2026
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Cyber fraud: Eight arrested for operating mule accounts in Rs 826 crore nationwide scam using messaging apps.
Eight persons were arrested for allegedly creating 82 bank accounts under nine fake companies to receive proceeds of cyber fraud totaling about Rs 826 crore; they reportedly supplied those accounts to cybercriminals who used SMS, WhatsApp and Telegram to solicit victims, received commissions per account, withdrew cash and routed funds through hawala as part of a nationwide mule-account operation.
January 21, 2026
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Adani Group outlines $66 billion investment roadmap for Maharashtra focusing on urban redevelopment, energy, and digital infrastructure.
Adani Group set out a USD 66 billion, 7-10 year investment roadmap for Maharashtra covering urban redevelopment (notably the Dharavi Redevelopment Project awarded in 2022 with formal rehabilitation of eligible residents), aviation expansion anchored by Navi Mumbai International Airport, green data centre parks (~3,000 MW), pumped storage hydropower (~8,700 MW), coal gasification, and semiconductor and display fabrication under private participation frameworks, framed as private capital aligned with national priorities for energy transition, digitalisation and manufacturing self reliance.
January 21, 2026
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India-Spain cooperation: zero tolerance for terrorism and first Made-in-India C-295 expected before September.
India and Spain declared a shared stance of zero tolerance towards terrorism and prioritised cooperative counterterrorism. They committed to deepen defence-industrial collaboration through the C-295 programme, with the first Made-in-India aircraft expected before September and forty aircraft to be produced domestically, underscoring technology transfer and resilient local manufacturing. The partnership also advances trade ties, coordinated approaches to responsible AI, multilateral engagement, and cultural diplomacy as complementary pillars of the bilateral relationship.
January 21, 2026
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Goa signs MoU with Starlink to pilot satellite broadband for remote schools, healthcare and disaster centres, and improve emergency response.
The Government of Goa and Starlink entered a Memorandum of Understanding to pilot high-speed satellite broadband for locations with limited terrestrial coverage-including government schools, healthcare facilities and disaster management centres-and to collaborate on enhancing emergency response, capacity-building, smart governance initiatives, and affordable tariff structures for socially beneficial use cases.

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Kerala Assembly budget session set to be stormy

January 19, 2026

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Thiruvananthapuram, Jan 19 (PTI) The budget session of the Kerala Assembly, beginning on Tuesday, is expected to be a stormy affair, with the ruling LDF and opposition UDF poised for intense confrontations over a host of politically sensitive issues ranging from the Sabarimala gold loss case to the arrest of Palakkad legislator Rahul Mamkootathil.

The 32-day-long session, scheduled to conclude on March 26, is the 16th session of the 15th Kerala Assembly and will begin with the governor's policy statement.

With the assembly polls just months away, the Congress-led UDF is expected to capitalise on its performance in the recent local body by-elections to target the Left government.

Another major flashpoint in the House could be the arrest of senior CPI (M) leaders, including former MLA and president of the Travancore Devaswom Board (TDB), A Padmakumar, in the sensational Sabarimala gold loss case.

The UDF is planning to raise the issue and accuse the government of protecting the accused, citing the non-action by the ruling CPI (M) against him despite his imprisonment.

Besides these, issues related to the state's huge financial crisis, arrears in welfare pensions, and flaws in the construction of the national highway in various parts of the state are bound to figure prominently in the session.

The UDF is also likely to target the ruling front over Chief Minister Pinarayi Vijayan's recent statements over Jama-at-e-Islami and accused the CPI (M) of "adopting a soft Hindutva" stand post Lok Sabha polls.

The interrogation of senior CPI (M) leader and former Devaswom Minister Kadakampally Surendran and remarks against former TDB president P S Prasanth will also come up during the session.

With the budget to be presented amid mounting criticism over the state’s fiscal management, the opposition is expected to mount sustained protests both inside and outside the House, setting the stage for a turbulent session.

Meanwhile, the ruling benches are preparing to counterattack the UDF, raising the arrest of expelled Congress MLA Rahul Mamkootathil in a sexual assault case.

Though the Congress has been arguing that he is no longer a member of the grand old party and that he has been expelled, the Left Front has already made it clear that they could not easily evade the responsibility for the actions of the legislator.

The sharp criticism raised by prominent community leaders against Leader of Opposition V D Satheesan, the row over the non-completion of houses promised to the landslide survivors of Wayanad by the Congress party, and the vigilance case against its MLA Mathew Kuzhalnadan in a land-related case are also likely to be used by the ruling front to counter the UDF.

Various welfare measures announced by the Pinarayi Vijayan government, the completion of infrastructure projects, and the central government's alleged financial strangulation of the state would also be highlighted by the treasury benches in the House.

During the session, the state budget for the financial year 2026-27 will be presented, discussed, and passed in the House.

The House will sit for a total of 32 days during this period, of which three days have been set aside for discussion on the motion of thanks for the Governor's policy statement.

The budget will be presented on January 29, while the general discussion on it is scheduled from February 2 to 4.

The House will not sit from February 6 to 22, during which various subject committees will scrutinise departmental requests for funds.

The detailed discussion and passage of the requests for funds for 2026-27 will take place over 13 days, from February 24 to March 19, Legisletive Assembly sources added. PTI LGK ROH

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