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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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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.
February 4, 2026
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Congress MLA released on interim bail amid money laundering and anti corruption probes into an alleged liquor scam.
A political officeholder obtained interim bail after being held in judicial custody following arrest in a PMLA money laundering probe; a separate anti corruption inquiry into an alleged liquor scheme produced additional detention. Allegations span money laundering and corruption, claim large proceeds of crime and substantial loss to the state exchequer, and involve parallel investigative tracks by different agencies.
February 4, 2026
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India-US trade deal will hurt Indian farmers and weaken agriculture due to tariff disparities and lack of parliamentary notice.
The India-US trade arrangement is alleged to create a tariff disparity disadvantaging Indian farmers-US imports at zero duty while Indian exports face 18%-and its public announcement by the US President rather than the government is characterised as an affront to parliamentary oversight. The critique links this trade impact to broader governance concerns: erosion of social justice and democratic accountability, labour law reforms favouring corporate interests, reduced support for disadvantaged groups, and failures in addressing communal violence and inequality.
February 4, 2026
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Individual taxpayers: 88% have opted for the new tax regime; government not planning a sunset clause.
About 88% of individual filers (ITR 1-4) and 97% of presumptive taxpayers have moved to the new tax regime; roughly 60% of corporate income is reported under it. The government is not considering a sunset clause for the old regime. FY27 Budget measures-MAT made final with a reduced old-regime rate and higher STT on futures and options-are expected to further encourage migration and to dissuade aggressive retail trading.

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Ferns N Petals Launches its Valentine's Day Collection 2026, Curated for Meaningful Expressions of Love

February 4, 2026

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NEW DELHI, Feb. 4, 2026 /PRNewswire/ -- This Valentine's season, Ferns N Petals (FNP), India's leading gifting and celebration brand, unveils its Valentine's Day Collection 2026, curated to help consumers express love through thoughtful, personalised, and emotion-led gifting. With flowers at the heart of Valentine's celebrations, the collection brings together signature rose arrangements, handcrafted Valentine's Day Cakes, romantic Valentine Day Gifts for Girlfriend, and elegant Valentine's Day Gifts, combining design, scale, and convenience. At the core of this year's collection is FNP's expansive range of Valentine's Day flowers, led by roses—one of the most cherished expressions of love during the season. From classic bouquets to statement floral designs, the collection caters to both intimate moments and grand romantic gestures. Hero floral offerings include the Valentine's Noir Rose Handbag Arrangement, Vintage Valentine's Red Roses Bouquet, Pearl-Tied Passion Rose Arrangement, Regal Romance Rose Medley Jar, Layers of Love Pink Rose Arrangement, Valentine's Day Roses Signature Bouquet, and the Fourteen Roses Love Letter Bloom Box. Select floral pairings, such as the Romantic Blooms n Perfume Set, further elevate the gifting experience through thoughtful combinations. These rose-led arrangements are designed to suit a wide range of Valentine's expressions—whether it's a classic bouquet, a keepsake-style arrangement, or a visually striking floral statement meant to leave a lasting impression. Alongside flowers, the collection also features FNP's expanded range of Valentine's Day Cakes, crafted using premium ingredients and refined designs. From bento cakes to photo cakes and indulgent flavours, these offerings are designed for both planned celebrations and last-minute surprises, supported by same-day and midnight delivery options. The Valentine's collection further extends to a wide selection of Valentine Day Gifts for Girlfriend, blending emotion with personalisation. This includes personalised jewellery, plush keepsakes, customised photo gifts, explosion boxes, statement teddy gifts, and thoughtfully curated flower-and-cake combinations created for surprise-led gifting. To ensure the collection remains accessible across budgets, FNP also introduces a dedicated value-led assortment under Hatke by FNP, featuring thoughtfully curated gifting options that balance emotion, design, and price. For those seeking elevated and statement gifting, the collection is complemented by offerings from FNP Luxe, showcasing refined floral designs and grand gesture formats created for premium Valentine's expressions. Speaking on the launch, Pawan Gadia, Global CEO & Director, FNP, said, "Valentine's Day is ultimately about expressing emotion in a way that feels personal and intentional. With our Valentine's Day Collection 2026, we've built depth across flowers, cakes, affordable gifting, and premium experiences—ensuring that for every relationship, moment, and budget, there is a thoughtful FNP offering that brings the emotion to life." With same-day, express, and midnight delivery options available across major cities in India, FNP enables effortless celebrations, even during peak Valentine's week and last-minute gifting moments. The brand continues to strengthen its position as a preferred destination for Valentine's Day flowers, Valentine's Day Cakes, Valentine Day Gifts for Girlfriend, and Valentine's Day Gifts for Her. The FNP Valentine's Day Collection 2026 is now available across FNP's website and retail stores nationwide. Media Contact: Mr. Sagarjit Karmakar [email protected] Photo: https://mma.prnewswire.com/media/2876688/FNP_Launch_Collection.jpg' alt='Embedded Media' /> (Disclaimer: The above press release comes to you under an arrangement with PRNewswire and PTI takes no editorial responsibility for the same.). PTI

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