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January 20, 2026
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Raigad Pen Smart City: Maharashtra signs five MoUs with foreign firms to develop a GCC and fintech-focused business district.
Maharashtra signed five MoUs to develop the Raigad Pen Smart City under a public-private joint venture model where private parties buy land and the public authority develops it. The project targets a large business district prioritising Global Capability Centres and a Fintech ecosystem, pairs investment commitments with strategic knowledge and technology collaborations in urban planning, governance, mobility and medtech, and aims to apply these collaborations statewide to attract investment, create jobs and upskill the workforce.
January 20, 2026
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Ukrainian detainee permitted an English to Russian dictionary to understand charges in a Torres-related money laundering probe.
A special PMLA court allowed a Ukrainian detainee to use an English-to-Russian translation dictionary to comprehend charges in a money laundering probe linked to the Torres investment fraud. The ED opposed, citing her residence in India and potential investigative disturbance, but the judge found no evidence of prejudice and directed jail authorities to permit the dictionary. The case arises from allegations that Platinum Hern Pvt Ltd (Torres Jewellery) collected large sums, routed funds through hawala operators, and converted proceeds into USDT, based on a Navi Mumbai FIR.
January 20, 2026
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Gujarat exploring AI, defence, textile parks and innovative financing to attract investment and boost jobs.
Gujarat is pursuing investment and development across AI, defence, textile parks, global capability centres and innovative financing, leveraging WEF engagements to attract capital. The state highlights prior memorandum commitments and recent investor interest, and is holding high-level meetings to secure projects in advanced manufacturing, textiles, semiconductors, pharmaceuticals, renewable energy, food processing, chemicals, shipping-logistics and aerospace while promoting a responsible AI ecosystem backed by digital infrastructure and talent.
January 20, 2026
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EU plans to phase out equipment from high risk foreign suppliers across critical networks within three years.
The EU proposes mandatory measures to phase out equipment from designated high risk third country suppliers from critical networks within three years, extending similar restrictions to security scanners, water systems, and medical devices, replacing earlier voluntary 5G guidance with binding supply chain and cybersecurity obligations while raising legal and trade concerns about country of origin restrictions.
January 20, 2026
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Unilever exploring GCC in Hyderabad; Telangana advancing Bharat Future City, life sciences policy and international investment partnerships.
Unilever indicated it would explore establishing a Global Capability Centre (GCC) in Hyderabad after meetings between Telangana's leadership and company executives. The state presented its Telangana Rising 2047 vision and a Telangana Life Sciences Policy 2026-30, promoted a CURE/PURE/RARE regional framework, and designated the PURE area between the ORR and RRR for manufacturing and logistics. The government reported interest from the UAE, Google, health tech and Saudi industry partners to support infrastructure, technology, skills and AI collaborations.
January 20, 2026
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Raw jute stock limits tightened: caps for balers, stockists and mills; excess stocks must be liquidated within 10 days.
The Jute Commissioner restricted raw jute holdings: registered balers to 1,200 quintals, other registered stockists to 150 quintals, unregistered traders to 5 quintals, and mills to 30 days' consumption; excess stock must be liquidated within 10 days, and police and enforcement agencies are authorised to inspect, verify declarations and seize non-compliant stock.
January 20, 2026
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UP govt signs MoU with Nasscom to train youth in emerging technologies and develop industry-relevant skills.
The state executed a Memorandum of Understanding with an industry association under the Future Skills Prime initiative to deliver training in artificial intelligence and digital skills, align programs with industry requirements, and create employment pathways. The agreement sets a collaborative framework among the Centre for e Governance, the IT and Electronics department, industry and academia to build capacity, promote AI innovation, and coordinate certification and placement linkages for youth and government officials.
January 20, 2026
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CM Yuva Help Desks accepted applications and provided financial counselling for the Chief Minister Yuva Udyami Vikas Yojana.
District Industries Promotion and Entrepreneurship Development Centres, with UPICON and trainees from the Vishwakarma Shram Samman Yojana and One District One Product programme, set up Chief Minister Yuva Help Desks in 25 districts to accept applications and provide technical and financial counselling for access to the Chief Minister Yuva Udyami Vikas Yojana, enabling linkage to scheme benefits and credit support, with 1,072 applicants submitting forms within hours.
January 20, 2026
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Gold and silver hit record highs amid weak rupee, geopolitical tensions and renewed trade uncertainty, boosting safe-haven demand.
Gold and silver reached record local and international price levels driven by a weak rupee, escalating geopolitical tensions and renewed trade concerns after fresh tariff announcements; gold traded at Rs 1,53,200 per 10 grams and spot gold breached about USD 4,750 per ounce, while silver hit Rs 3,23,000 per kilogram and near USD 95.88 per ounce amid intensified safe-haven buying.
January 20, 2026
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Uttar Pradesh and AM Green Group sign MOU to build a 1 GW green data centre in Greater Noida.
The Uttar Pradesh government executed a Memorandum of Understanding with AM Green Group for a 1 gigawatt data centre in Greater Noida, with AM Green committing USD 25 billion in phased investment, targeting first-phase commencement by 2028 and full capacity by 2030, installing 500,000 chipsets, operating on carbon-free energy, and providing chipset access to domestic developers while supporting hyperscalers and enterprises.
January 20, 2026
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Fintech park on Yamuna Expressway to host banking, payments, blockchain and attract national and international investment.
A 250 acre Fintech Park in Sector 11 of the Yamuna Expressway area will create an integrated financial technology ecosystem for banking, digital payments, insurtech, investtech, Fintech SaaS, blockchain and international money transfer, leveraging proximity to the Yamuna Expressway and Noida International Airport to attract national and international investment; a Detailed Project Report is being prepared by an international consultancy and the project is expected to generate substantial employment in fintech related sectors.
January 20, 2026
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India-Russia trade surged to record levels while settlements shift to national currencies and energy flows redirect to friendly states.
India became a principal Russian trade partner as bilateral trade hit about USD 68.7 billion in FY 2024-25 with a joint USD 100 billion target by 2030; Russia redirected energy to friendly countries amid sanctions and reported the share of such countries and of energy "backbone" partners rising substantially. Russia also shifted to national currency settlements, reaching 85 percent of trade turnover in national currencies and over half of transactions in roubles, surpassing prior targets.
January 20, 2026
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Sabarimala gold loss case: ED raids sites, seizes documents and freezes assets under anti-money laundering provisions.
The Enforcement Directorate, invoking the Prevention of Money Laundering Act, searched 21 locations, recovered documents and Mahazars, and froze plots linked to the prime accused under section 17(1A) to preserve alleged proceeds of crime. The probe targets alleged misrepresentation of gold clad sacred artefacts as copper, unlawful removal and chemical extraction of gold at private facilities, and subsequent retention, transfer and concealment of illicit funds while seeking beneficiaries and digital and documentary evidence.
January 20, 2026
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Punjab government approves Rs 68.50/qtl sugarcane subsidy and multiple urban, health, and development measures including hospital transfers.
Punjab Cabinet approved a Rs 68.50 per quintal subsidy for sugarcane growers for 2025 26 payable from the fixed SAP of Rs 416 per quintal on behalf of private sugar mills. It authorised transfers of specified civil hospitals to a university, directives under Section 4 to transfer municipal properties for public purposes with district-level allotment recommendations, a policy to transfer khals within licensed projects by sale or exchange, extension of PAPRA licensed projects at Rs 25,000 per acre per year (up to three years), amendments to E-Auction provisions and additional FAR charge formula, and insertion of Rule 6A making application last date the eligibility cut-off.
January 20, 2026
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LPG cylinder explosion injures five; authorities urge regular gas-connection checks and proper ventilation.
An LPG cylinder leak at a Dombivli residence led to accumulated cooking gas igniting when a resident switched on a light, causing an explosion that injured five people, damaged flats and caused one occupant to suffer severe burns requiring hospital transfer; authorities emphasize regular gas-connection checks and proper ventilation to prevent similar incidents.
January 20, 2026
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Recyclekaro plans to invest Rs 500 crore by 2030 to scale rare earths recovery and strengthen mineral security through research and hiring.
Recyclekaro will invest about Rs 500 crore by 2030 to build research infrastructure and a structured talent programme at its Rare Earths and Advanced Materials Research Centre, supporting scale up of rare earths processing to 20,000 MT and leveraging existing e waste and lithium ion battery processing capacities to strengthen resource recovery and mineral security through R&D led process optimisation.
January 20, 2026
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State actions against Maoists labeled state terrorism for bypassing constitutional safeguards and alleged fake encounters.
Allegations that Central and state governments are committing state terrorism by attempting to "annihilate" CPI (Maoists) without observing constitutional safeguards and the rule of law, with many killings described as staged "fake encounters." The article also contends that the Special Intensive Revision of electoral rolls operates to remove inconvenient social sections from voters' lists and warns that the MGNREGA, established through Left pressure, is now being undermined.
January 20, 2026
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ZF Group launches electric park brake production line in Tamil Nadu, scaling EPB manufacturing and local supplier integration.
ZF Group inaugurated an 800,000 unit EPB production line at Oragadam, Tamil Nadu, to scale manufacture of electronically controlled parking brakes, strengthen India's role in ZF's global braking footprint, and leverage a growing Indian supplier ecosystem for precision mechanical and electronic components.
January 20, 2026
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Electoral rolls SIR treated as legislative with prescribed principles; court rebukes criticism as contempt of judicial orders.
The Election Commission told the Supreme Court that the special intensive revision (SIR) of electoral rolls is legislative in character, laying down guiding principles and prescribing required documentary evidence for revision and enrolment. The Supreme Court also found public criticism of its stray-dog orders by a former minister to amount to contempt, signalling constraints on public commentary that undermines judicial authority. Parliamentary procedural reforms and disputes over gubernatorial addresses were noted as governance-related developments.
January 20, 2026
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Fresh Bus partners with Exponent Energy to roll out 250 sleeper e-buses with 1.5 MW rapid charging for long-range routes.
Fresh Bus will deploy up to 250 all-sleeper electric intercity buses supported by Exponent Energy's 1.5 MW rapid-charging infrastructure, using a 15-minute quick charge every ~300 km to enable diesel-like long-distance operations and as the first phase toward a pan-India expansion and a target fleet scale.

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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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