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February 6, 2026
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Sabarimala gold loss: ED questions former TDB officer in money laundering probe under PMLA, summons expected.
Enforcement Directorate is probing a money laundering angle under the PMLA in the reported loss of Sabarimala temple gold; former TDB administrative officer S Sreekumar, who signed documents when Dwarapalaka idols were taken for gold plating, was summoned and questioned. The ED has interrogated other former TDB officers and will summon accused from related SIT investigations, including the prime accused released on statutory bail, to pursue the money laundering inquiry.
February 6, 2026
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Banks lending to REITs proposed with prudential safeguards; draft rules and related market reforms to follow.
The Reserve Bank proposes permitting commercial banks to lend to REITs subject to prudential safeguards and a review of regulatory and governance frameworks, harmonising InvIT lending guidelines for parity, and issuing draft directions for public consultation; it also proposed a regulatory framework for derivatives on credit indices and total return swaps on corporate bonds, revised flexibility for Authorised Dealers and primary dealers in foreign exchange, and removal of the stated cap on Voluntary Retention Route investments subject to General Route ceilings.
February 6, 2026
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Vijay's challenge to Rs 1.5 crore income tax penalty dismissed; penalty held time bar valid and appellate remedy available.
Madras High Court held that the Income Tax Department's Rs 1.50 crore penalty for alleged non-disclosure of Rs 15 crore of film income was imposed within the statutory time limit and thus not open to interference; the department's findings were based on documents seized in a 2015 raid, and the petitioner was permitted to challenge the order before the appellate authority.
February 6, 2026
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Jammu and Kashmir budget prioritises inclusive growth, fiscal prudence, debt sustainability and targeted infrastructure investment for recovery.
The Union Territory Budget 2026-2027 prioritises inclusive growth and fiscal prudence, directing strategic investment to infrastructure, social services and job creating initiatives while addressing revenue constraints and high committed expenditure. With own revenues covering roughly 25% of needs and about 60% of spending committed to salaries, pensions and debt, the administration enforces austerity, maintains borrowings within approved limits to strengthen debt sustainability, and utilises Central special assistance for capital projects, disaster mitigation and hydroelectric development. Power sector reforms aim to reduce losses and expand the consumer base to ease fiscal pressure.
February 6, 2026
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Lok Sabha adjourned after opposition protests halted Budget business and blocked proceedings, forcing the Speaker to suspend sittings.
Parliamentary proceedings were adjourned for the day after opposition members' protests-trooping into the Well, displaying placards and shouting slogans-prevented consideration of the Union Budget and other business; the Speaker adjourned the House until Monday, warned against crossing into the treasury benches, recorded that over 19 hours of sitting time had been lost to disruptions, and noted that the Motion of Thanks proceeded without the Prime Minister's customary reply due to ongoing sloganeering.
February 6, 2026
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2026-27 Budget promotes inclusive growth, fiscal prudence, investment-led development and participatory governance for sustainable prosperity.
The 2026-27 Budget establishes a financial framework prioritizing sustainable growth, social cohesion and fiscal prudence, emphasizing investment, innovation and participatory governance to transform the territory into a modern, economically vibrant region.
February 6, 2026
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2025 Bihar Assembly elections challenged over alleged Model Code of Conduct breach by state scheme payments to women.
Allegation that state payments under the Mukhyamantri Mahila Rojgar Yojana, timed after the poll schedule and during the Model Code of Conduct, constituted a breach of electoral fairness and an impermissible advantage, with the petition invoking electoral supervision and statutory election law remedies; the bench characterised the pleading as a composite statewide election petition and indicated the dispute's single state character should be pursued in the competent High Court.
February 6, 2026
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DeepSnitch AI presale offers tiered bonuses, fundraising figures, and claims of potential 100x gains tied to user adoption.
Promotional material focused on a DeepSnitch AI (DSNT) presale, reporting over $1.48 million raised, an entry price of $0.03830, and a tiered bonus structure (30%, 50%, 150%, 300% codes) tied to projected exponential returns-including an asserted 100x price scenario contingent on reaching 1.35 million users. The piece names Shiba Inu and Canton as alternative speculative picks, cites institutional buying by ARK Invest for market context, and concludes with a press-release disclaimer that the distributor takes no editorial responsibility.
February 6, 2026
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Resolution professional arrested for alleged money laundering and misuse of the insolvency framework impacting creditor recoveries.
A former resolution professional was arrested under anti-money laundering laws for allegedly diverting funds during his CIRP tenure, channeling payments through intermediaries linked to his business interests back into his personal accounts as proceeds of an earlier alleged bank fraud; investigators say this misuse of the insolvency framework favored promoters and caused large creditor recovery losses, and the RP's registration had been suspended by the IBBI for related contraventions.
February 6, 2026
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DeepSnitch AI presale raised $1.48M with large tiered bonuses; Strium targets institutional tokenization with KYC and compliance.
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February 6, 2026
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Oil and gas acreage bid deadline extended to May 29, 2026 for OALP X, giving bidders a three month extension.
The OALP X bid submission deadline has been extended to May 29, 2026, a fourth extension giving bidders three additional months, while DSF and special CBM bid deadlines remain unchanged. OALP X offers 25 blocks totalling about 191,986 sq km across onshore, shallow, deep and ultra deepwater tracts in 13 basins, including four Andaman blocks (~47,058 sq km). Under OALP/HELP, explorers identify acreage (with a five point advantage), areas are clubbed biannually, and blocks are awarded based on highest revenue share and committed work programmes; HELP provides reduced royalties, concessional early production rates, no oil CESS, retained exploration rights, and marketing and pricing freedom.
February 6, 2026
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Deepsnitch AI presale offers live market-intelligence tools while Fireblocks enables institutional custody and regulated settlement.
Fireblocks has integrated support for the Canton Network to enable regulated settlement and institutional custody of Canton-linked assets through its NYDFS-chartered trust entity; Fireblocks also operates a Super Validator on Canton. Deepsnitch AI is offered during a presale as a live market-intelligence product (SnitchFeed, SnitchScan) with disclosed token pricing, staking levels, bonus allocation mechanics and a closed-access testing period, and the document reiterates standard cryptocurrency risk disclaimers and notes broader institutional integrations.
February 6, 2026
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Agricultural carbon credits in India risk benefiting intermediaries unless transparency and fair revenue-sharing protect farmers.
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February 6, 2026
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Enforcement Directorate files chargesheet over alleged money laundering in R G Kar Hospital financial irregularities.
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February 6, 2026
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Joyville launches premium row houses in Howrah offering private ownership within a managed gated community with extensive amenities.
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February 6, 2026
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Halfway to the Moon by Pratik Shah sold strongly at the New Delhi World Book Fair, praised for direct, resonant free verse.
Pratik Shah's Halfway to the Moon, a forty-poem free-verse collection published by Nu Voice Press and distributed by Penguin Random House India, sold strongly at the New Delhi World Book Fair 2026. Structured in three sections-Gulmohar, Milk, and Lunation-the poems move from outward observation to love and adolescent fracture, and finally to inward identity and mental-state reflection. Its direct, accessible voice resonated across age groups, and all author profits from sales were pledged to charity.
February 6, 2026
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Inflation projections revised upward due to rising precious metals prices; core inflation remains benign but upside risks persist.
The central bank modestly raised CPI inflation projections-current year to 2.1% and Q1/Q2 of 2026-27 to 4.0% and 4.2%-principally due to higher precious metals prices accounting for about 60-70 basis points; headline inflation remained low while core inflation excluding food and fuel is benign at 2.6%, though geopolitical, energy and weather risks present upside pressure and a new CPI series will inform the April full-year projection.
February 6, 2026
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Hasiru Farms launches VRUKSHA with 77km Cyclothon and 77 tree plantation promoting road safety and sustainable farmland.
Hasiru Farms launched the VRUKSHA managed farmland project alongside a 77 km Cyclothon to promote road safety and community engagement, culminating in a 77 tree plantation drive. VRUKSHA offers curated farmland plots within a professionally managed ecosystem with long term plantation planning and maintenance, communal wellness and learning areas, and theme based features such as Mannina Mane (mud homes) to integrate sustainability and cultural living.
February 6, 2026
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Lok Sabha disruptions led the Speaker to adjourn proceedings, citing lost time and warning on maintaining order.
Lok Sabha proceedings were disrupted by opposition protests, leading the Speaker to adjourn the House until noon after recording that over 19 hours of the session had been lost. The chair warned members against crossing into the treasury benches and emphasized the need to maintain order; disruptions followed the disallowance of a quotation from an unpublished memoir and culminated in the Motion of Thanks being passed without the Prime Minister's customary reply due to relentless sloganeering.
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.

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Omar calls for minority status to Mata Vaishno Devi medical college to resume its operation

February 5, 2026

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Jammu, Feb 5 (PTI) Jammu and Kashmir Chief Minister Omar Abdullah on Thursday called for granting minority status to the Shri Mata Vaishno Devi Institute of Medical Excellence (SMVDIME) and restarting its operations, asserting that the investment made in the institution must not go to waste.

Last month, the National Medical Commission's Medical Assessment and Rating Board withdrew the letter of permission granted to SMVDIME for non-compliance with minimum standards. The 50 students, mostly Kashmiri Muslims, of the first batch were subsequently accommodated in other institutions as supernumerary seats.

The withdrawal of letter of permission follows protests by right-wing groups.

“We did not differentiate between students on religious lines. For me, whether a student is Muslim, Hindu, Sikh, Christian, or Buddhist—everyone is equal. As far as this medical college is concerned, from what I have read, an investment of around Rs 300 crore has gone into its establishment. That investment should not be wasted.

“I respectfully request that you grant this medical college minority status and resume its opeartions,” Abdullah said in the J&K Assembly here, pointing to the opposition BJP.

The chief minister was replying to a debate on the motion of thanks to the Lt Governor’s address.

He said there would be no objection if Muslim students did not study at the medical college and that they could be accommodated elsewhere, provided it was designated as an identified institution for their choice of students.

He said his primary concern was to ensure that future generations continued to get opportunities.

Emphasising the need to produce more doctors, Abdullah said medical professionals do not treat patients on the basis of religion and he had never seen any doctor in Jammu and Kashmir discriminate against patients on religious grounds.

“Even if the medical college ultimately had a majority of Hindu students, it would still serve the public interest by producing doctors for Jammu and Kashmir, who would go on to serve in districts such as Kishtwar, Doda, Jammu, Kathua, Srinagar, Kupwara, Budgam and Ganderbal, wherever they were posted,” he said.

He said that if there were objections to the student composition, the institution should have been declared a minority college, noting that the NEET system was accepted with full knowledge that admissions would be purely merit-based.

He said shutting down the entire college over this issue was self-defeating.

Abdullah said no one intended to question religious faith, but added that if faith-based concerns were genuine, the appropriate course would be to declare such institutions as minority institutions, noting that they did not require government grants due to sufficient private donations.

The chief minister said despite claims to the contrary, the first delegation to the LG opposing medical college admissions had come from the BJP. “While there may be debate over celebrations post closure of the college, it was the opposition that had created the issue, and he had now placed a solution before the House.” Referring to the BJP’s demand for National Law University in Jammu, he said there are similar concerns as the admissions in such an institute would also be merit-based.

He questioned whether protests would again be held if Muslim students formed a majority through merit, leading to demands for closure of that institution as well.

The chief minister accused BJP members of raising the issue of discrimination with Jammu only when they had nothing else to offer politically, questioning why the same voices were silent when the age-old Darbar Move was abolished and announced in the Union Budget as a thing of the past.

The Abdullah-led government restored the Darbar Move, a practice under which the government used to function six months each in Srinagar and Jammu last year after it was halted by the LG administration in June 2021. The decision to revive Darbar Move was welcomed by people of Jammu, especially by the traders.

“The people familiar with the region had told me there was a significant difference between market conditions last year and this year, with markets now witnessing renewed activity, better business and increased footfall,” he said.

The chief minister said if the biggest injustice done to Jammu in recent years had to be identified, it was the cancellation of the Darbar Move, a decision which his government had corrected by restoring it.

“Those speaking of discrimination should have opposed it when it was actually taking place,” he said.

Abdullah further said the National Conference had consistently attempted to maintain parity between Jammu region and Kashmir valley, citing examples such as establishing universities in both regions while Kashmir was completely ignored when IIT and IIM were set up in Jammu. PTI TAS TAS KVK KVK

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