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    RBI proposes to compensate customers up to Rs 25,000 loss due to fraud
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February 6, 2026
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RBI proposes compensation up to Rs 25,000 for small-value digital-payment fraud and issues draft consumer protection guidelines.
A proposal introduces a compensation framework to reimburse customers up to Rs 25,000 for losses from small-value fraudulent digital transactions and revises the 2017 instructions on limiting customer liability in unauthorised electronic banking transactions. Draft revised instructions, including scenarios and timelines for liability and the new compensation mechanism, will be issued for public consultation. Additional draft guidelines will address mis-selling of financial products and harmonised conduct rules for engagement of recovery agents and loan recovery across regulated entities.
February 6, 2026
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Supreme Court pleas challenge Bihar election results and seek OBC certificate rule changes for children of single mothers.
Supreme Court petitions include a challenge to the Bihar Assembly election results seeking fresh polls; a petition to amend rules for issuing OBC certificates to children of single mothers; a plea to ensure adequate representation of women advocates in state bar councils; and a challenge to refusal to raise judicial officers' retirement age in Madhya Pradesh from 60 to 61 years. These raise issues of electoral validity, administrative rule changes for social welfare certification, representational access in legal regulatory bodies, and judicial service rule amendments.
February 6, 2026
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Himachal BJP demands immediate release of MLA local development and discretionary funds, citing stalled projects and withheld payments.
The BJP Legislative Party seeks immediate release of withheld MLA Local Area Development Funds and discretionary funds, alleging only partial instalments released and treasury-level stoppages since October 2025 that hinder disaster restoration and constituency work. It asserts that development priorities from opposition MLAs have not been converted into or forwarded as DPRs to NABARD and requests gubernatorial direction to release funds and ensure DPR preparation and transmission so equitable development can proceed.
February 6, 2026
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Reserve Bank holds repo rate at 5.25% and announces consumer compensation, MSME credit boost, NBFC and market reforms.
The central bank kept the repo rate at 5.25% and retained a neutral stance, citing benign inflation and sustained growth momentum. It announced draft guidelines on mis selling, loan recovery, recovery agents and limiting customer liability for unauthorized electronic transactions, proposed customer compensation up to Rs 25,000 for small-value frauds, a discussion paper on digital payments safety, raised collateral free MSME loan limits to Rs 20 lakh, eased NBFC registration and branch approval requirements for small NBFCs, and proposed removing the Rs 2.5 lakh crore VRR investment cap subject to category ceilings.
February 6, 2026
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RBI raises GDP growth projections for Q1 and Q2 FY27 to 6.9% and 7%, citing trade deals and GST rationalisation.
The Reserve Bank of India raised quarter wise real GDP forecasts for Q1 and Q2 of FY27 to 6.9% and 7.0% respectively, revising up earlier projections and announcing that full year 2026-27 estimates will follow in April after adoption of updated GDP and CPI series (base 2024=100). The upward revision is attributed to stronger agricultural output, trade agreements, GST rationalisation, and sustaining demand from private consumption and fixed investment.
February 6, 2026
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Lok Sabha proceedings were adjourned after Opposition protests disrupted the House and prevented the Prime Minister's customary reply.
Lok Sabha proceedings were adjourned until noon after Opposition members entered the Well, shouted slogans and displayed placards, prompting the Speaker to suspend business within minutes and to urge orderly conduct, noting 19 hours and 13 minutes lost to disruptions in the session. The adjournment followed sustained government-Opposition confrontation and the unusual passing of the Motion of Thanks without the Prime Minister's customary reply due to opposition sloganeering.
February 6, 2026
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RBI pause on rate cuts: repo rate held at 5.25% with neutral stance, sparking equity declines and IT selling pressure.
The Reserve Bank of India retained the repo rate at 5.25% and kept a neutral stance in its sixth bi monthly monetary policy review, pausing further rate cuts amid geopolitical uncertainties; the pause coincided with a market reaction of lower equity indices, IT sector selling pressure, and foreign institutional outflows.
February 6, 2026
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Ease of Doing Business reforms strengthen digital trade facilitation, tax certainty, and trust-based customs clearance.
The Budget advances a single digital window and Customs Integrated System for expedited cargo clearance, use of non-intrusive scanning and AI, recognition of trusted importers and AEO preferences, expanded duty deferral, and immediate release for goods without compliance requirements; it also proposes rationalisation of MAT including conversion to a final tax at a reduced rate, integrated assessment and penalty reforms, expanded immunity frameworks, and decriminalisation or monetisation of minor technical offences to reduce litigation and compliance burdens.
February 6, 2026
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RBI monetary policy: repo rate unchanged, neutral stance; measures for fraud compensation and MSME credit expansion.
Monetary policy retains the repo rate at 5.25% with a neutral stance, revises GDP and CPI projections for Q1-Q2 FY27, notes muted underlying inflation excluding precious metals, and records forex reserves. Operational measures include a customer fraud compensation framework up to Rs 25,000, protections against digital fraud for senior citizens, doubling collateral free MSME loans to Rs 20 lakh, allowing banks to lend to REITs, and relaxing certain NBFC branch opening norms.
February 6, 2026
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Reliance Digital's Chill Fest offers off season cooling deals with Rs. 1 EMI on ACs, big discounts, free delivery and extended warranty.
Reliance Digital's 'Chill Fest' offers off season incentives on cooling appliances combining discounts up to Rs. 21,000, Rs. 1 EMI on ACs, additional bonuses and assured gifts, free delivery and installation, a complimentary outdoor unit, and a five year extended warranty to increase consumer value and accessibility.
February 6, 2026
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Birla Carbon launches Continua SCM production line in Italy, enhancing circular material supply and regulatory-compliant product consistency worldwide.
New dedicated production line at Birla Carbon's Trecate facility will finish and pack Continua SCM-circular material from end-of-life tires-sourced from Circtec's Netherlands pyrolysis plant to provide large-volume, consistent supply, increase recycled content, enable blending options, reduce homologation costs, and ensure regulatory compliance for customers.
February 6, 2026
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Milliken showcases advanced polymer additives improving clarity, barrier performance, recyclability and manufacturing efficiency at PLASTINDIA 2026.
Milliken & Company is presenting advanced polymer additives at PLASTINDIA 2026 that improve optical clarity, processing efficiency, barrier performance and recyclability. Key offerings include next-generation clarifiers for polypropylene, nucleating agents, barrier improvers for polyethylene enabling downgauging and mono-material design, performance modifiers for virgin and recycled resins, and specialized colorants and laser-marking additives for engineered polymers and food-contact applications.
February 6, 2026
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India-GCC FTA ToR set the negotiation framework for tariff, services, investment and market access commitments.
The Terms of Reference create the formal negotiation framework for an India-GCC Free Trade Agreement, defining scope and modalities to guide talks on tariff and non tariff measures, rules of origin, services, investment provisions and mechanisms to enhance predictability and stability; the ToR aim to translate existing trade and investment linkages into negotiated commitments on market access, investment facilitation and sectoral cooperation.
February 6, 2026
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Startup recognition framework revised to raise turnover limits, create deep tech category and include cooperative societies.
The revised framework raises the general startup turnover threshold from Rs.100 crore to Rs.200 crore, establishes a Deep Tech Startup category with an extended age limit of 20 years and a turnover cap of Rs.300 crore, and extends startup recognition eligibility to Multi State and State/UT Cooperative Societies subject to other criteria.
February 6, 2026
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Coca Cola India expands hydration access and local vendor employment at Magh Mela 2026, adding recycled plastic public infrastructure.
Coca Cola India and bottling partner SLMG Beverages deployed an on ground ecosystem at Magh Mela 2026 to provide chilled beverages via hydration carts and coolers across Prayagraj and travel corridors, integrating local vendors and retailers to create income opportunities under the "Locally Yours" campaign, while Anandana - The Coca Cola India Foundation's #MaidaanSaaf organised waste collection and installed public utilities made from recycled plastic to manage waste and enhance visitor infrastructure.
February 6, 2026
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NexTech Summit 2026: invite-only CIO forum on AI operationalization, cyber resilience, and enterprise modernization.
NexTech Summit 2026 is an invite-only, attendance limited forum for over 500 CIOs and senior technology leaders focused on AI operationalization, cyber resilience, enterprise architecture modernization, and aligning technology programs with measurable business outcomes through closed-door keynotes, panels, and curated discussions supported by an enterprise technology partner ecosystem.
February 6, 2026
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VinFast India and Bank of Baroda sign MoU to provide INR 200 crore in dealer invoice financing for dealers.
An MoU between VinFast Auto India and Bank of Baroda establishes dealer invoice financing: Bank of Baroda will extend INR 200 crore on flexible terms to VinFast dealers, using its pan India network and digital platforms to provide supply chain and inventory financing tailored to dealer liquidity and distribution expansion.
February 6, 2026
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LTIMindtree named Leader for payments IT services, highlighting ISO 20022 migration, real-time payments and AI-driven modernization.
LTIMindtree was positioned as a Leader in the Everest Group Payments IT Services PEAK Matrix Assessment 2025 for delivering large-scale payments transformation that combines modernization scale, platform alliances, and innovation to enable real-time, cross-border, and ISO 20022-compatible payment environments, backed by product engineering, payment hub modernization, scheme compliance, Centers of Excellence, and AI-driven capabilities via the BlueVerse ecosystem.
February 6, 2026
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The Belgian Waffle Co's Waffletine's offers Rs.100 off on Rs.399+ orders with early-bird loyalty access and in-store experiences.
The Belgian Waffle Co's Waffletine's campaign offers a flat Rs.100 discount on bills of Rs.399+ across its product range at 720+ stores nationwide between 12-14 February, with an early-bird start on 11 February exclusively for Waffleverse loyalty members, supported by influencer promotion, in-store experiential elements, and social amplification.
February 6, 2026
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RBI pauses rate cuts, keeps repo at 5.25% with neutral stance amid low inflation and rupee depreciation risks.
The Monetary Policy Committee retained the repo rate at 5.25 per cent with a neutral stance, pausing further rate cuts after cumulative easing of 125 basis points since February 2025. The decision reflects very low CPI-based retail inflation-including a 0.25 per cent trough in October 2025-and the statutory inflation mandate of 4 per cent 2 percentage points, while weighing stronger GDP growth and a significant rupee depreciation that could raise imported inflation risks.

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UPSC civil services prelims on May 24; mandatory face authentication for aspirants

February 5, 2026

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New Delhi, Feb 5 (PTI) The Union Public Service Commission (UPSC) has made face authentication mandatory for all aspirants at examination centres and introduced strict eligibility restrictions for candidates already appointed to certain services.

These changes were announced in an official notification for the Civil Services Examination (CSE) 2026, released on Thursday.

The commission announced 933 vacancies for this year's recruitment cycle, which include 33 posts reserved for persons with benchmark disability. The preliminary examination of the competitive examination will be held on May 24, it said.

The prestigious exam is conducted annually by the UPSC in three stages -- preliminary, main and interview-- to select officers of Indian Administrative Service (IAS), Indian Foreign Service (IFS) and Indian Police Service (IPS) among others.

"In order to ensure a secure and smooth examination process, all candidates will be required to undergo face authentication at the examination venue mandatorily. Candidates are advised to enter the examination venue well in time for face authentication/identity verification and frisking," the UPSC notification read.

Applicants are strongly advised "to use their Aadhaar card as ID documents for easy, effortless and seamless verification and authentication of ID and other details", it said.

The notification clarifies new "restrictions" aimed at candidates who have already secured positions through previous examinations.

According to the notification, any candidate currently serving in the IAS or the IFS "will not be eligible to appear" for the 2026 examination.

If a candidate is appointed to the IAS or IFS after the preliminary exam, they will not be eligible to appear in the "main" phase of the test "notwithstanding having qualified" in the prelims. If appointed after the commencement of the main exam but before the results are declared, they will not be considered for any service/post under the CSE 2026 results.

Candidates already selected or appointed to the IPS will not be eligible to opt for or allocated to the same service again through the CSE-2026 examination.

Candidates allocated to the IPS or Central Service Group 'A' in the CSE-2026 "will have the option to appear in immediate subsequent CSE-2027" exam, provided they obtain a one-time exemption from joining their training from the concerned authority.

The UPSC has also cut down from existing seven to five days, the time frame for making representation on the question paper.

The Commission will be providing an opportunity to the appeared candidates to make representations on the questions asked in the papers of the examination and on the answer key of the question paper (objective type) of the civil services preliminary examination in a time frame of 5 days (five days), it said.

Other Backward Classes candidates applying for CSE-2026 must produce OBC (non-creamy layer) certificate based on the income for the financial year 2022-2023, 2023-2024 and 2024-2025 and issued on/after April 1, 2025 (after the completion of FY 2024-25) but not later than the closing date of the submission of application form for civil services prelims, which is February 24, the UPSC said.

Applicants are also required to upload their photograph and capture their "live photograph" while filling up the Common Application Form (CAF). They are required to sign three times (one below the other) on a plain white paper using a black ink and upload the same while filling up the CAF, the notification said.

"The candidates will not be allowed to withdraw their applications after the submission of the same. Further no correction /alteration/modification in any field(s) of the application form is allowed after submission," it said, adding that applicants are required to submit their applications online via the official website at https://upsconline.nic.in. PTI AKV AKY

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