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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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A look at violence flaring in Gaza months into Israel-Hamas ceasefire

February 5, 2026

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Jerusalem, Feb 5 (AP) As the bodies of two dozen Palestinians killed in Israeli strikes arrived at hospitals in Gaza on Wednesday, the director of one asked a question that has echoed across the war-ravaged territory for months.

“Where is the ceasefire? Where are the mediators?” Shifa Hospital's Mohamed Abu Selmiya wrote on Facebook.

At least 556 Palestinians have been killed in Israeli strikes since a US-brokered truce came into effect in October, including 24 on Wednesday and 30 on Saturday, according to Gaza's Health Ministry.

Four Israeli soldiers have been killed in Gaza in the same period, with more injured, including a soldier whom the military said was severely wounded when militants opened fire near the ceasefire line in northern Gaza overnight.

Other aspects of the agreement have stalled, including the deployment of an international security force, Hamas' disarmament and the start of Gaza's reconstruction. The opening of the Rafah border crossing between Gaza and Egypt raised hope of further progress, but fewer than 50 people were allowed to cross on Monday.

Hostages freed as other issues languish ========================= In October, after months of stalled negotiations, Israel and Hamas accepted a 20-point plan proposed by US President Donald Trump aimed at ending the war unleashed by Hamas' October 7, 2023 attack into Israel.

At the time, Trump said it would lead to a “Strong, Durable, and Everlasting Peace.” Hamas freed all the living hostages it still held at the outset of the deal in exchange for thousands of Palestinian prisoners held by Israel and the remains of others.

But the larger issues the agreement sought to address, including the future governance of the strip, were met with reservations, and the US offered no firm timeline.

The return of the remains of hostages meanwhile stretched far beyond the 72-hour timeline outlined in the agreement. Israel recovered the body of the last hostage only last week, after accusing Hamas and other militant groups of violating the ceasefire by failing to return all of the bodies. The militants said they were unable to immediately locate all the remains because of the massive destruction caused by the war — a claim Israel rejected.

The ceasefire also called for an immediate influx of humanitarian aid, including equipment to clear rubble and rehabilitate infrastructure. The United Nations and humanitarian groups say aid deliveries to Gaza's 2 million Palestinians have fallen short due to customs clearance problems and other delays. COGAT, the Israeli military body overseeing aid to Gaza, has called the UN's claims “simply a lie.” Ceasefire holds despite accusations ====================== Violence has sharply declined since the ceasefire paused a war in which more than 71,800 Palestinians have been killed, according to the Gaza Health Ministry. The ministry is part of the Hamas-led government and maintains detailed records seen as generally reliable by UN agencies and independent experts.

Hamas-led militants killed some 1,200 people in the initial October 2023 attack and took around 250 hostage.

Both sides say the agreement is still in effect and use the word “ceasefire” in their communications. But Israel accuses Hamas fighters of operating beyond the truce line splitting Gaza in half, threatening its troops and occasionally opening fire, while Hamas accuses Israeli forces of gunfire and strikes on residential areas far from the line.

Palestinians have called on US and Arab mediators to get Israel to stop carrying out deadly strikes, which often kill civilians. Among those killed on Wednesday were five children, including two babies. Hamas, which accuses Israel of hundreds of violations, called it a “grave circumvention of the ceasefire agreement.” In a joint statement on Sunday, eight Arab and Muslim countries condemned Israel's actions since the agreement took effect and urged restraint from all sides “to preserve and sustain the ceasefire.” Israel says it is responding to daily violations committed by Hamas and acting to protect its troops. “While Hamas' actions undermine the ceasefire, Israel remains fully committed to upholding it,” the military said in a statement on Wednesday.

“One of the scenarios the (military) has to be ready for is Hamas using a deception tactic like they did before October 7 and rearming and preparing for an attack when it's comfortable for them,” said Lt Col Nadav Shoshani, a military spokesperson.

Some signs of progress =============== The return of the remains of the last hostage, the limited opening of the Rafah crossing, and the naming of a Palestinian committee to govern Gaza and oversee its reconstruction showed a willingness to advance the agreement despite the violence.

Last month, US envoy Steve Witkoff, who played a key role in brokering the truce, said it was time for “transitioning from ceasefire to demilitarisation, technocratic governance, and reconstruction.” That will require Israel and Hamas to grapple with major issues on which they have been sharply divided, including whether Israel will fully withdraw from Gaza and Hamas will lay down its arms.

Though political leaders are holding onto the term “ceasefire” and have yet to withdraw from the process, there is growing despair in Gaza.

On Saturday, Atallah Abu Hadaiyed heard explosions in Gaza City during his morning prayers and ran outside to find his cousins lying on the ground as flames curled around them.

“We don't know if we're at war or at peace,” he said from a displacement camp, as tarpaulin strips blew off the tent behind him. (AP) NPK NPK

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