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    Kerala govt claims state expenditure close to Rs 2 lakh crore in 2025-26 as promised
    In US, Jaishankar underlines challenges of 'excessive concentration' of critical minerals
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    Economically weak nations not taken seriously on global stage: NITI Aayog ex-vice-chair Kumar
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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.
February 4, 2026
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Immigration enforcement presence reduced after local cooperation; larger pullout conditioned on ending interference and unified command implemented.
An immediate drawdown of 700 federal immigration officers was announced after increased local cooperation in turning over arrested noncitizens; roughly 2,000 officers remain. Further reductions are conditional on cessation of interference with federal arrests and operational impediments, and the operation emphasizes a unified chain of command, jail notification of eligible inmates, and adherence to operational rules as prerequisites for reduced federal presence.
February 4, 2026
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ED seizes Indian immovable assets equivalent to alleged undisclosed Dubai properties for lack of authorised outward remittance.
Seizure orders under Section 37A of the Foreign Exchange Management Act were issued to attach Indian immovable properties equivalent to alleged undisclosed Dubai assets because the individuals purportedly acquired foreign properties without corresponding outward remittances through authorised banking channels, failed to provide documentary evidence of the source of overseas funds, and did not show RBI approvals.
February 4, 2026
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Congress MLA Kawasi Lakhma released on interim bail in money laundering and corruption probe, with residency restrictions.
The Supreme Court granted interim bail to MLA Kawasi Lakhma in two parallel cases arising from an alleged multi crore liquor scam, imposing conditions including residence outside the state and restricted entry to attend court hearings and barring participation in assembly proceedings. The Enforcement Directorate and the state Anti Corruption Bureau/EOW allege extensive money laundering and large proceeds of crime diverted through a syndicate; a final prosecution complaint names numerous accused and expands the charges in the case.
February 4, 2026
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Syria offshore oil deal with Chevron and Qatari investor establishes framework for joint exploration and foreign investment.
A memorandum of understanding between Syria's state-owned petroleum company, Chevron, and Power International Holding creates a framework for joint offshore exploration and development in Syria's territorial waters, focusing on attracting foreign investment, mobilising technical expertise, and enabling operational collaboration under Syrian oversight to expand hydrocarbon production.
February 4, 2026
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Air India Express expects operating profit and plans USD 70M cabin refurbishment and fleet retrofits.
Air India Express projects an operating profit in the second half of FY2025-26 and will invest USD 70 million to standardise and refurbish aircraft cabin interiors, including retrofitting 26 Boeing 737 NGs and ongoing retrofit work on 50 Boeing 737 MAXs that includes converting business-class-configured MAXs to all-economy and upgrading interiors.
February 4, 2026
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Rupee slips to 90.47 as trade deal uncertainty, weak services PMI and higher oil curb gains; range seen 90-90.60.
The rupee depreciated 15 paise to 90.47 against the US dollar amid suspected corporate and importer dollar buying and caution over unsigned India-US trade deal terms, while weaker services PMI and elevated crude oil prices limited gains; analysts cited a near-term USD-INR trading range of 90.00-90.60 with support near 90.05 and resistance around 91.10, and flagged the central bank's upcoming interest rate announcement as a key market influence.
February 4, 2026
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IndiGo faces a CCI probe for allegedly abusing its dominant position by cancelling flights and creating artificial scarcity, limiting access.
CCI ordered a detailed DG investigation after prima facie finding that IndiGo abused its dominant position by cancelling thousands of flights, withholding services and creating artificial scarcity in the domestic air passenger transport market. The regulator noted IndiGo's sustained ~60-61% ASKM share, route exclusivity, larger fleet and financial strength as indicia of dominance, rejected jurisdictional objections, and observed that DGCA lacks competition-law analysis functions, thereby affirming CCI's authority to probe alleged abuse under the Competition Act.
February 4, 2026
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Dalit MPs seek action over presiding officer being called 'yaar'; members suspended for rest of Budget Session.
Dalit MPs lodged a written complaint with the Lok Sabha Speaker alleging that a presiding officer from their community was insulted when opposition members addressed him as "yaar," that the conduct demeaned the Chair and targeted the officer's community, and that papers were thrown at the Chair; following the disorder, eight members were suspended for the remainder of the Budget Session.
February 4, 2026
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India oil purchases remain diversified; replacing Russian crude faces technical blending and volume limits amid tariff tensions.
Kremlin spokespeople rejected assertions that India agreed to stop buying Russian oil, stating India may freely diversify suppliers; analysts warned U.S. light shale cannot directly replace Russia's heavier Urals without costly blending and that U.S. export volumes are insufficient to match Russian shipments. The report also highlights U.S. tariffs on India tied to Russian energy purchases and notes recent declines in India's Russian crude imports.
February 4, 2026
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Telangana politics: BJP accuses the state government of appeasement, welfare failures and preferential land allocations.
The BJP accused the Telangana government of practising appeasement politics and suppressing Telugu language and culture, citing past remarks as evidence of vote bank politics. The party alleged that the Wakf Board's large landholdings indicate preferential allocation, that promised welfare schemes for women, farmers and disadvantaged groups remain unimplemented, and that temple vandalism and a continuing "commission raj and mafia raj" reflect governance failures; these claims underpin the BJP's electoral mobilisation strategy.
February 4, 2026
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India-US trade deal lacks details; government says agriculture safeguarded while opposition calls it a non-statement.
The government asserts the India-US trade arrangement reduces tariffs for Indian exports to 18 per cent and enhances export competitiveness while stating that core sensitivities in food and agriculture have been fully safeguarded. Negotiations over the prior year are said to have protected sensitive domestic sectors even as the pact provides comparative advantage to labour intensive exporters. Opposition parties describe the announcement as a "non statement," faulting lack of disclosed details, potential concessions on agricultural imports, and conflicting public messages from US officials.
February 4, 2026
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Acid-attack case: acquittal attributed to evidentiary contradictions, delayed FIR, missing acid traces and inconsistent testimonies.
Prosecution failed to prove beyond reasonable doubt that the accused committed wrongful restraint, voluntarily caused hurt, or threw acid: the court highlighted an unexplained two week delay in filing the FIR, material contradictions in complainant and witness testimony about presence and conduct at the scene, lack of medicolegal evidence of burn injuries, failure to seize allegedly acid damaged clothing, and no forensic traces of acid at the crime scene, concluding these evidentiary gaps defeated proof of the charged offences.
February 4, 2026
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India's growth 8-10% yearly prompts a push to move household savings into capital markets and mutual funds.
India's GDP is forecast to grow 8-10% annually, prompting calls to shift household savings from bank deposits into capital markets. A large asset management joint venture plans to drive retail mutual fund adoption via technology based distribution, investor onboarding, and financial inclusion, projecting significant mutual fund asset growth and urging incumbents to adapt to a changing financial tech landscape.
February 4, 2026
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Bharat Taxi cooperative ride-hailing app uses a zero-commission model with direct profit distribution and driver social security.
A cooperative ride-hailing platform registered under the Multi-State Cooperative Societies Act, 2002 operates on a zero-commission, surge-free model with direct profit distribution to driver-members, non-exclusivity for drivers, mandated social-security benefits (health and accident insurance, retirement savings, emergency assistance) and support centres, and plans nationwide expansion and integration with national digital public infrastructure through stakeholder MoUs.

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Galgotias University Places a INR 350+ Crore Bet on Artificial Intelligence

February 4, 2026

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Sets up Centres of Excellence with NVIDIA,CISCO,Tata Technologies, IIT Mandi, and HCLTech Greater Noida, Uttar Pradesh, India (NewsVoir) In a move that could redefine the trajectory of India’s higher education and technology ecosystem, Galgotias University has invested and deployed more than INR 350 crore toward artificial intelligence, marking the largest AI investment ever made by a private university in India. The scale, speed, and intent behind this initiative signal a clear shift in how private institutions can contribute to national technological leadership.

At the center of this landmark investment is a purpose-built, state-of-the-art AI complex designed to transform how artificial intelligence is taught, researched, and applied at scale. More than a new academic facility, the complex represents an immediate national priority. It is aimed at strengthening India’s competitive position in the global AI race, particularly alongside established leaders such as the United States and China. The university’s leadership views this investment as a long-term strategic commitment to national capability building rather than a symbolic expansion of infrastructure.

To anchor this vision, the university has established multiple Centres of Excellence in collaboration with leading global technology and research institutions, including NVIDIA, Tata Technologies, IIT Mandi, and HCLTech. These are supported by partnerships with Tech Mahindra, Cisco, Vivo, and Wipro. Together, these collaborations form a rare academic–industry ecosystem where education, research, and real-world deployment converge under one roof.

A defining highlight of the initiative is the deployment of NVIDIA’s DGX H200, one of the most advanced AI supercomputing platforms and GPU available. With this addition, Galgotias University enters a small and elite global group of institutions equipped to train large-scale AI models and conduct frontier-level research. The platform enables work across generative AI, computer vision, natural language processing, large language models, and advanced data science, areas that increasingly define economic competitiveness and strategic advantage worldwide.

For students, the impact of this investment is immediate and transformational. Instead of learning AI in abstract or simulated environments, students gain direct access to enterprise-grade infrastructure and tools used by global technology leaders. Curricula are aligned with real industry needs, and learning is anchored in solving real-world problems across domains such as manufacturing, healthcare, smart cities, finance, and digital infrastructure. This exposure significantly shortens the gap between academic learning and professional readiness, producing graduates who are equipped to contribute from day one.

For faculty and researchers, the initiative unlocks new possibilities. Access to high-performance computing and industry-backed research programs enables foundational research, complex simulations, and large-model experimentation that traditionally remain confined to a handful of global research labs. The environment encourages interdisciplinary collaboration and supports long-term research agendas rather than short-term academic outputs alone.

University leadership has emphasized that the vision extends well beyond infrastructure and technology acquisition. The Centres of Excellence are designed as active innovation hubs where students, faculty, and industry experts work together to co-create solutions, develop deployable AI applications, and file patents with real commercial and societal value. These centers are expected to become breeding grounds for startups, intellectual property, and applied research that addresses pressing national and global challenges.

“When Indian institutions invest at this scale, India’s global leadership in AI is no longer an ambition. It becomes inevitable.” Says Dr Dhruv Galgotia CEO Galgotias University.

The statement underscores a growing confidence that India’s AI future will be shaped not only by corporate R&D centres or government programs, but also by universities willing to think strategically and act decisively.

As India positions itself as a global AI powerhouse, Galgotias University’s INR 350+ crore commitment marks a defining moment for private higher education. It challenges traditional assumptions about the role private universities can play in national development and sets a new benchmark for ambition, execution, and impact. The message is clear: the next wave of artificial intelligence will be built not just in boardrooms and labs, but on campuses prepared to lead boldly, invest deeply, and build for the future.

(Disclaimer: The above press release comes to you under an arrangement with Newsvoir and PTI takes no editorial responsibility for the same.). PTI PWR

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