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    J-K govt has initiated multiple measures to boost industrial units, artisans: Dy CM
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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.
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.

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Customs & Trade

Trade deal with US will hurt Indian farmers; govt wants to destroy agri sector: Kharge

February 4, 2026

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New Delhi, Feb 4 (PTI) The India-US trade deal will hurt the interests of Indian farmers, and the government wants to destroy the country's agriculture sector, Leader of Opposition in the Rajya Sabha Mallikarjun Kharge alleged on Wednesday.

Participating in the discussion on Motion of Thanks to the President's address in the Upper House, the Congress party president also said that in the last 11 years, the government has "bulldozed" social justice and equality, and parliamentary democracy.

Hitting out at the manner in which the India-US trade deal was announced, Kharge said it is an insult to the Indian Parliament that parliamentarians got to know about the deal when it was in session from US President Donald Trump and not the government.

Quoting US Agriculture Secretary Brooke Rollins, he said, "The new US-India deal will export farm products to India's massive markets, lifting prices and pumping cash into rural America".

"Meaning American farmers will benefit," Kharge said.

"Tell us, are you (government) working for the welfare of farmers, or are you against the farmers?" Asserting that the deal will hurt the interests of Indian farmers, he alleged that the government wants to "destroy" the Indian agriculture sector.

American imports will come at zero tariff, and what India exports there will be at 18 per cent, he lamented.

"The fact that parliamentarians came to know about the India-US trade deal from President Trump and not the government is an insult to Parliament," he said, adding that Trump is telling what India should do and how to run it from the US.

Indian farmers will be destroyed by this deal, he added.

On Monday, Trump, in a social media post, announced that India and the US agreed to a trade deal under which Washington would bring down the reciprocal tariff on Indian goods to 18 per cent from the current 50 per cent, after a telephonic conversation with Prime Minister Narendra Modi.

In his speech, Kharge said the President's address was silent on many important matters and raised issues of social justice, social harmony, attack on constitutional democracy, economy, difficulties faced by farmers and workers and the government's shortcomings in its foreign policy.

After the Independence, two of the most important goals before the nation were setting up a system to provide social justice and equality, and giving the country a parliamentary democracy, but "in 11 years you have bulldozed both", he said.

In the last few years, the government has weakened the four pillars of the constitution -- justice, liberty, equality and fraternity, Kharge said.

He further said that in the last 11 years, the Modi government has weakened the fabric of social justice.

While the President's address mentioned women's reservation, in reality, women have only remained vote banks for the BJP, Kharge claimed, adding that if the Prime Minister was really concerned about women's reservation, then the Women's Reservation Act would have been implemented without any conditions.

He also alleged that under the NDA rule, atrocities against minorities, tribals and women have increased. Many schemes implemented by the earlier Congress government to uplift scheduled tribes and scheduled tribes have been completed by the current government, and fund allocations have been cut.

Kharge also lashed out at the government for "uprooting and throwing away" legislations, including MNREGA, which were aimed to provide citizens basic rights and for the betterment of citizens.

On social harmony, he said any discussion on the matter will be incomplete without mentioning Manipur, where at least 200 people have died, and 70,000 have been displaced.

"You have made Manipur a militarised zone," Kharge said, adding that it took two years for the Prime Minister to visit the troubled state.

Kharge also raised concern over rising violence against minorities and attacks on Churches in several states, while accusing the BJP spokesperson of spewing venom and spreading hatred between different communities.

"Do you want to build Viksit Bharat on the foundation of hatred and division?" he asked, adding that if the government continued with its policy, it would be responsible for breaking up the nation.

He also alleged the ruling dispensation of not entertaining demands from the opposition for discussion on various issues in Parliament by rejecting short-notice questions and half-hour discussions.

Alleging that the Prime Minister always stays away from replying to questions in Parliament, Kharge said several questions raised by Opposition members were rejected on flimsy grounds.

He accused the government of wanting to impose new laws and pass legislation without discussion or proper scrutiny in Parliament, while also alleging that in non-NDA-ruled states, Raj Bhavan has become offices of the BJP and RSS, and Governors were acting as agents of the Centre.

Highlighting the issue of inequality, citing the World Inequality Report, Kharge said 40 per cent of India's total wealth is held by 1 per cent of the population and asked what steps have been taken by the government to address the issue.

He also raised the issue of rising unemployment among youths despite large-scale vacancies in government posts and PSUs across the country, while flagging concern over heightened drug seizures, especially from ports in Gujarat.

Kharge also hit out at the government over the new labour codes, saying in order to benefit its "corporate friends", the government has finished the laws that were framed before and after Independence, which "guaranteed the future of workers".

Taking a dig at the government's 'Achche Din' slogan, he said, due to the smoke of pollution, one can't see 'Achche Din' and 11 years of failed strategy meant people are now forced to buy air purifiers.

"Those who talk about ease of doing business can't give ease of breathing...," Kharge lamented. PTI RKL CS RKL BAL BAL

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