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February 5, 2026
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Argentina requests extradition of Nicola s Maduro to face crimes-against-humanity investigation under universal jurisdiction.
Argentina requested extradition of former Venezuelan President Nicola s Maduro from the United States to face an investigation alleging he oversaw abuses amounting to crimes-against-humanity, relying on the principle of universal jurisdiction and citing the 1997 extradition treaty; the petition follows a 2024 international arrest warrant and references Maduro's recent U.S. capture while noting concurrent U.S. narcotics indictments.
February 5, 2026
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Xi and Putin affirm deepening China-Russia strategic, economic cooperation and shared commitment to international law and strategic stability.
Xi and Putin committed to deepen bilateral strategic cooperation-economic, energy, nuclear technology and high tech ties-and to sustain high level exchanges, reciprocal visa free travel, and summit participation. They aligned on adherence to international law and the UN Charter, affirmed the One China Principle, and addressed arms control concerns, noting Washington's refusal to extend the New START treaty and expressing willingness to pursue negotiated measures to preserve strategic stability.
February 5, 2026
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Nearly 100 year old murder accused acquitted after decades due to prosecution failure and prolonged pendency and age.
The High Court acquitted a nearly 100 year old appellant in a 1982 murder case on the ground that the prosecution failed to prove charges beyond a reasonable doubt, directed discharge of his bail bond, and held that prolonged pendency, his advanced age, and decades of anxiety and social consequences were material in moulding relief.
February 5, 2026
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Industrial and MSME support expands credit access, restructuring pathways, subsidies and targeted assistance for artisans and farmers.
The government adopted financial and non financial measures to strengthen liquidity, address stress and improve access to credit for industrial units, MSMEs, artisans, weavers and farmers. Enhanced credit linkages under the RAMP programme and credit guarantee arrangements support restructuring and need based assistance for stressed enterprises. The Industrial Policy provides turnover and SGST incentives, green initiatives, full subsidy for diesel generator sets, stamp duty and court fee exemptions, and subsidies for quality certification, automation and pollution control. Artisans and GI certified units receive targeted credit schemes, rent free stalls and direct benefit assistance. Agricultural support includes interest subvention, credit restructuring after calamities, crop insurance and infrastructure funds with interest subvention and credit guarantees.
February 5, 2026
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Critical minerals trading bloc to stabilize prices, enforce minimum tariffs, and reduce reliance on Chinese supplies.
The administration proposes a critical minerals trading bloc among allies to stabilise prices via tariffs and sourcing rules, coupled with a US strategic stockpile funded by Export-Import Bank loans and private capital, plus direct government investments and procurement measures to diversify production and reduce reliance on dominant foreign processors.
February 5, 2026
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Union Budget 2026-27 promotes reform-driven growth with Jan Vishwas Act 2.0, fiscal discipline, and manufacturing incentives.
The Union Budget 2026 27 is a reform driven fiscal blueprint proposing the Jan Vishwas Act 2.0, prioritising Aatmanirbhar manufacturing support (Semiconductor Mission 2.0, Rs 10,000 crore BioPharma Shakti, electronics outlay, MSME funds), targeting a 4.3% fiscal deficit and Rs 12.2 lakh crore capital expenditure for transport and Tier 2/3 infrastructure, and increasing tax devolution to states (from 32% to 41%), with enhanced allocations cited for Maharashtra.
February 4, 2026
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Women MPs' protest gheraoed treasury benches, forcing adjournment amid disputes over quoting published material and disciplinary demands.
Women opposition members advanced to the Treasury benches during the Motion of Thanks debate, prompting the presiding officer to adjourn the House after they approached the Prime Minister's seat; the disruption occurred amid earlier adjournments, delays to the prime minister's scheduled reply, and prior suspensions of members for unruly behaviour. The acting Chair invoked the rule prohibiting reading from books, newspapers or letters except in connection with House business after a member quoted published works, triggering opposition demands for disciplinary action and consultations with the Speaker and ministers.
February 4, 2026
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India-US trade deal expands market access, boosting Indian manufacturing, exports, and MSMEs, including textiles, pharma and gems sectors.
The India-US trade agreement reinforces the "Make in India, Make for the World" policy by expanding export opportunities for textiles, pharma, chemicals, petroleum, gems and jewellery, and by positioning Gujarat's manufacturing and MSME sectors to benefit directly. The announcement highlights a stated US tariff position of 18% on Made in India products as a stimulus for production, exporters and job creation, framing the deal as strengthening bilateral economic ties and India's global economic presence.
February 4, 2026
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Coal India to set up Chile holding for lithium and copper; approves over Rs 6,300 crore in domestic project investments.
Coal India authorised the incorporation of a wholly owned intermediate holding company in Chile to pursue critical minerals (lithium and copper), subject to regulatory approvals, and approved domestic equity investments totalling over Rs 6,300 crore: Rs 3,132.96 crore for an energy joint venture with Damodar Valley Corporation (part of a Rs 20,886.40 crore project at 70:30 debt equity) and Rs 3,189.54 crore into Bharat Coal Gasification and Chemicals Ltd for a 0.66 mtpa coal to ammonium nitrate project.
February 4, 2026
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Turkish Airlines plane emergency landing after engine fire alert; passengers to depart on replacement flight at 6 am.
An Airbus A330-300 declared a PAN PAN due to a right-engine fire and diverted to Kolkata, landing safely on one engine after on-board fire detection and suppression brought the flames under control; passengers and crew were unharmed, housed overnight, and scheduled to continue on a replacement aircraft the next morning.
February 4, 2026
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Tamil Nadu budget allocations criticised as politically withheld ahead of assembly polls, despite central transfer figures cited in reply.
M K Stalin alleged the Union government withheld targeted budgetary allocations for Tamil Nadu ahead of Assembly elections, portraying the omission as politically motivated and harmful to the state's infrastructure needs; the Press Information Bureau, however, cited substantial tax devolution and grants-in-aid figures for Tamil Nadu in response.
February 4, 2026
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Uttar Pradesh streamlines industrial land allotment and creates plug-and-play clusters to boost MSME growth and approvals.
Uttar Pradesh simplifies industrial land allotment and approvals, rationalises lease rents, minimises litigation, and prioritises startups and existing units while institutionalising 100 acre district clusters under a plug-and-play model to accelerate MSME formation, infrastructure development, pollution control compliance, and technological upgradation through transparent, time bound processes and iterative digital reforms.
February 4, 2026
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Teacher and peon held for accepting bribes to alter a student's birth date on a class 10 certificate; case registered.
Teacher and a school peon were detained for allegedly accepting staged payments (Rs 1,000 and Rs 2,200 by online transfer, plus a demanded Rs 400 via the peon) to retrospectively change a student's date of birth on a class 10 certificate; searches were conducted and mobile phones seized. A case was registered under anti corruption provisions for public servants accepting gratification, both accused are in custody pending formal arrest and investigators are examining electronic payment records and messages.
February 4, 2026
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DHFL granted IBC immunity from corporate prosecution for pre CIRP offences; former officers remain prosecutable in a money laundering case.
The court held that DHFL, as a corporate debtor whose resolution plan was approved under the IBC, enjoys statutory immunity under section 32A that extinguishes corporate criminal liability for offences committed prior to CIRP, and that this IBC immunity overrides earlier PMLA provisions; however, immunity does not apply to former officers or directors who may still be prosecuted for pre CIRP conduct.
February 4, 2026
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Kerala budget boosts welfare with wage hikes, pension increases, SMA medicine funding, and committee review of allocations.
Kerala's 2025-26 expenditure approached Rs 2 lakh crore; the government announced a five percent wage increase for contractual staff, a raise in the Viswakarma pension to Rs 2,000, a Rs 1,000 hike for pre primary teachers, and Rs 30 crore for SMA medicine under the KARE scheme, while directing budget requests to subject committees and noting a High Court constituted Special Investigation Team into the Sabarimala gold loss.
February 4, 2026
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Critical minerals: India warns of excessive concentration and urges de risking supply chains via international cooperation.
Excessive concentration of critical minerals creates supply chain vulnerabilities necessitating structured international cooperation to de risk supply chains; the document records support for the FORGE initiative and highlights India's resilience measures, including the National Critical Minerals Mission, Rare Earth Corridors, and commitments to responsible commerce, alongside diplomatic engagements to promote diversification and governance frameworks.
February 4, 2026
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US stocks mixed as tech wobbles; gold tops $5,000 amid safe-haven flows and mixed economic signals.
US equities traded mixed as tech stocks pressured indices despite some upside from companies beating earnings; gold rose above USD 5,000 and silver jumped after volatile swings, reflecting safe-haven demand amid macro concerns. Treasury yields were steady with the 10-year little changed after mixed economic reports-softer private hiring and steady services growth but rising prices paid-producing nuanced signals for inflation and interest-rate expectations.
February 4, 2026
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India must boost economic share and strategic autonomy to convert growth into real international influence.
Economic strength determines diplomatic weight; India must expand its shares in global merchandise and services trade to gain geoeconomic influence. Pursuing strategic autonomy, reducing dependence on any single partner, building resilience to external pressure, and empowering the private sector are presented as necessary policy responses to translate economic growth into international leverage.
February 4, 2026
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U.S. seeks allied critical minerals trading bloc using tariffs and stockpiles and financing to counter China.
The United States proposes a multilateral critical minerals trading bloc among allies to secure supply and stabilize prices by using tariffs to maintain price floors, preventing members from buying cheap Chinese materials, and providing access to financing. Complementary domestic measures include a USD 10 billion Export-Import Bank loan to create a Strategic Critical Minerals Reserve, direct investments in producers, and procurement controls for defense contractors to ensure reliable sourcing and to attract private investment in mining and downstream manufacturing.
February 4, 2026
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Airlines reroute long haul flights to avoid Iranian airspace, increasing flight times and fuel use.
Airlines rerouted long haul flights to avoid Iranian airspace, increasing flight times and fuel burn. IndiGo suspended Copenhagen and reduced Delhi-London and Delhi-Manchester wide body services due to changing airspace constraints, congestion, and strain on its 787 9 schedule. Air India uses alternative westbound routes to the US, UK and Europe and conducts a risk assessment process supported by global aviation safety agencies and security advisors to plan operations.

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Customs, DGFT & SEZ

108th Meeting of Network Planning Group Evaluates Road Infrastructure Projects to Enhance Multimodal Connectivity under PM GatiShakti

February 4, 2026

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NPG evaluates seven projects from Ministry of Road, Transport & Highways

The 108th meeting of the Network Planning Group (NPG) was held at Department for Promotion of Industry and Internal Trade (DPIIT). The meeting was convened to evaluate infrastructure projects. The meeting focused on enhancing multimodal connectivity and logistics efficiency in alignment with the PM GatiShakti National Master Plan (PMGS NMP). The NPG evaluated 07 Road projects for their conformity to the PM GatiShakti principles of integrated multimodal infrastructure, last-mile connectivity to economic and social nodes and ‘Whole of Government’ approach.

These initiatives are expected to boost logistics efficiency, reduce travel times, and deliver significant socio-economic benefits to the catchment areas of the project. The evaluation and anticipated impacts of these projects are detailed below:

Ministry of Road, Transport & Highways (MoRTH)

6 Laning of Salem – Kumarapalayam of NH 544 (Tamil Nadu) - The Ministry of Road Transport & Highways has proposed the development of a six-lane corridor from Salem to Kumarapalayam in Tamil Nadu, covering a total length of 102.035 km along the high-volume Kochi–Coimbatore–Bengaluru freight and passenger corridor. The project includes the provision of continuous service roads in built-up and industrial stretches in line with access management requirements, along with the upgradation of junctions, interchanges, and grade separators to improve road safety and traffic flow. It also includes the construction and widening of major and minor bridges, flyovers, Road-over-Bridges (ROBs), and culverts to meet future traffic demands.

The proposed corridor is expected to significantly enhance regional connectivity by improving access to industrial clusters, logistics hubs, Special Economic Zones (SEZs), and key freight infrastructure such as railway terminals, Inland Container Depots (ICDs), and logistics parks. By strengthening integration with the Kochi–Coimbatore–Bengaluru economic corridor, the project will support efficient freight movement, long-haul transport, and multimodal connectivity through improved road–rail–air–port linkages, while also enhancing first- and last-mile access, airport connectivity, and operational efficiency across national and state highways connecting Salem, Erode, Tiruppur, Coimbatore, and Hosur, benefiting sectors including textiles, agri-processing, manufacturing, and containerized cargo.

Construction of Amaravati Outer Ring Road (Andhra Pradesh) - The Ministry of Road Transport & Highways has proposed the development of the 189.93 km Amaravati Outer Ring Road (ORR) in Andhra Pradesh as a greenfield project to decongest urban areas and improve regional connectivity across the Amaravati capital region, including Vijayawada, Guntur, and Tenali. The ORR will divert through-traffic away from city centers, provide dedicated interchanges for seamless access to Vijayawada Airport, and allow for future rapid transit corridor integration.

Envisioned as a key multimodal logistics corridor, the ORR will integrate with National Waterway-4 and connect major ports such as Machilipatnam and Krishnapatnam with inland urban and industrial hubs. The project is expected to reduce travel time by 30–40 percent, lower fuel consumption, and cut vehicular emissions, supporting efficient freight movement and environmental sustainability.

Construction (widening / strengthening) of 2 lane with paved shoulders from Rafiabad-Kupwara-Chowkibal-Tangdhar (Jammu & Kashmir) - The Ministry of Road Transport & Highways has proposed the construction of a 62.10 km two-lane road from Rafiabad to Tangdhar in the Union Territory of Jammu & Kashmir to enhance strategic and regional connectivity in border areas. The corridor will link key locations including Kupwara, Chowkibal, Tangdhar, and Teetwal, improve access to villages along the Line of Control (LoC), and strengthen defence logistics by ensuring reliable movement for security forces and essential supplies.

Beyond its strategic significance, the project is expected to deliver socio-economic benefits by improving access to healthcare, education, and essential services in remote areas. It will also support tourism, horticulture, and local livelihoods, while integrating the region with NH-01, Srinagar Airport, and the rail network at Sopore and Baramulla, contributing to overall regional development.

Consultancy services for Construction of Leh Bypass to 2 Lane with paved shoulder specifications including LA & Utility Shifting on (i) Starting Near Phyang Village near HPCL plant and join Leh-Manali Highway(Leh) - The Ministry of Road Transport & Highways has proposed the construction of the 48.108 km Leh Bypass-1 from Phyang, connecting NH-01 (Srinagar–Leh) with NH-03 (Leh–Manali) in the Union Territory of Ladakh. This strategic greenfield corridor is aimed at diverting through-traffic away from congested stretches of Leh city, improving transport efficiency, and enhancing connectivity for goods, passengers, and remote areas, while supporting local trade and tourism.

The project will directly link NH-01, NH-03, and Leh Airport, improving logistics efficiency and access to regional markets. Enhanced connectivity to the Phyang and Leh industrial estates is expected to reduce travel time and transportation costs, stimulate industrial and commercial activity, attract new investments, and generate economic opportunities for nearby villages, contributing to overall regional development.

Widening of existing 2 lane to 4 lane divided carriageway with paved shoulder for Chitrakoot – Majhgawan – Satna section (Madhya Pradesh & Uttar Pradesh) - The Ministry of Road Transport & Highways has proposed the upgradation of the 77.102 km Chitrakoot–Satna corridor from a two-lane road to a four-lane divided carriageway across Madhya Pradesh and Uttar Pradesh. The project will strengthen regional and inter-state connectivity, enhance freight movement, reduce travel time and vehicle operating costs, and improve overall transport efficiency along a corridor linking key economic and urban centers.

The upgradation will also improve multimodal connectivity through better access to nearby airports, rail networks, and logistics facilities, while supporting heavy industrial traffic from major cement plants in the Satna region. By addressing existing bottlenecks, the project will facilitate industrial freight movement, enhance access to religious and tourist destinations in Chitrakoot, and promote balanced economic growth across both states.

Construction of Four lane access-controlled Greenfield highway from Rourkela to Sithiyo (Odisha & Jharkhand) - The Ministry of Road Transport & Highways has proposed the construction of a 156.10 km four-lane greenfield highway from Rourkela to Sithiyo, spanning Odisha and Jharkhand. The corridor will traverse five districts and is strategically aligned to connect PM GatiShakti economic nodes, including a seafood cluster and a Special Economic Zone (SEZ), strengthening regional and inter-state connectivity.

The proposed highway will interface with key social and logistics nodes and connect with major national and international corridors, including the Asian Highway network, NH-53, NH-19, the Raipur–Dhanbad corridor, and the Golden Quadrilateral. The project is expected to significantly enhance mobility, improve logistics efficiency, and strengthen connectivity between Odisha, Jharkhand, and neighbouring states.

Construction of Six Lane Greenfield Patna Ring Road Highway (NH- 131G) from Kanhauli to Sherpur (Bihar) - The Ministry of Road Transport & Highways has proposed the construction of a 9.98 km six-lane greenfield highway from Kanhauli to Sherpur in Bihar as part of the Patna Ring Road project. The corridor will connect with NH-30 and NH-922, strengthening regional connectivity and helping decongest traffic in Patna and its surrounding areas.

The project will enhance multimodal connectivity through improved access to nearby railway stations, the upcoming Bihta Airport, and the proposed Kanhauli Bus Terminal. By improving linkage to industrial and logistics hubs in the Bihta region, the corridor is expected to support efficient freight movement and contribute to economic development in the Patna metropolitan area.

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