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    A Homeland Security shutdown grows more likely as Republicans rebuff Democratic demands for ICE
    Farmers get loans through Kisan Credit Cards in just five minutes, says UP CM
    Srinagar: Family of 3 drug peddlers arrested, heroin worth lakhs of rupees recovered
    J-K govt finalising drug de-addiction rules: Health minister Itoo
    Rapido-linked motorbikes impounded in Indore, firm asked to stop ride-booking
    Retired IIT Bombay medical officer duped of Rs 4.62 cr; 2 held for giving accounts to cyber crooks
    Omar calls for minority status to Mata Vaishno Devi medical college to resume its operation
    Industry bodies welcome West Bengal interim budget's thrust on urban infra
    Women, youth in focus as Bengal unveils Rs 4.06 lakh cr pre-poll budget, BJP calls it 'false doc'
    India, Malaysia set to ink pact for cooperation in semiconductor sector during PM Modi's visit
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    Congress will never be able to dig my grave: PM Modi in RS
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February 6, 2026
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DHS funding standoff threatens shutdown as parties clash over ICE reforms and enforcement limits and oversight.
A budget impasse threatens a DHS shutdown as Democrats condition passage of the homeland security spending bill on a suite of immigration enforcement reforms-including judicial warrant requirements, mandatory officer identification, standardized uniforms and equipment, stricter use of force standards, detention safeguards, verification before detention, bans on racial profiling, and limits on tracking protesters-while Republicans call the demands unrealistic, propose alternative conditions, and press for negotiation or partial funding of other DHS components.
February 6, 2026
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Kisan Credit Cards: farmers access loans in five minutes via e KCC; agricultural credit target increased for fiscal 2026 27.
Digital governance measures have accelerated disbursal under the Kisan Credit Card mechanism, enabling loans within five minutes through e KCC instead of delays up to a month. The government has set an elevated agricultural credit target for 2026-27, increasing planned credit flow by 13 percent to Rs 3 lakh crore, and is emphasising integration of technologies including artificial intelligence into agricultural finance platforms.
February 6, 2026
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Drug trafficking suspects arrested; heroin seized and a vehicle reported bought with illicit proceeds, financial probe and asset tracing underway.
Police arrested three family members after intercepting a vehicle in Khanyar and recovering heroin worth lakhs; the vehicle was seized and is reported to have been bought with proceeds of the alleged drug trade. A criminal case under narcotics provisions has been registered, and investigations aim to trace supply and distribution links while conducting a financial probe to identify and attach properties acquired through alleged proceeds of crime.
February 5, 2026
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Drug de-addiction rules to be finalised; bill planned and CCTV mandated at medical and chemist shops.
Finalisation of de-addiction rules and a bill is planned to create a statutory framework; pharmacies and chemist shops are required to install CCTVs to curb unauthorised drug sales. The Health Department, alongside home, social welfare and education departments, is strengthening services under Nasha Mukt Bharat Abhiyan: de-addiction OPD services exist in all 20 districts, nine medical colleges offer psychiatrist oversight, and 11 ATFs in Kashmir and nine in Jammu are functional, with no new government centres under consideration.
February 5, 2026
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Rapido-linked motorbikes seized for operating without trade licence; company ordered to stop bike-taxi bookings and explain noncompliance.
Authorities seized twelve motorbikes linked to a ride-hailing platform for operating bike taxis without a required trade licence, issued a notice directing immediate cessation of bike-taxi bookings through the app, and demanded an explanation under threat of unilateral legal enforcement; police assistance was sought after prior notices to app providers could not be operationally enforced.
February 5, 2026
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Retired medical officer duped of Rs 4.62 crore after impersonation scam led to transfers into mule bank accounts.
A retired medical officer was defrauded of Rs 4.62 crore after impersonators claiming Aadhaar misuse and a Central investigative agency money laundering case threatened arrest; she transferred funds into bank accounts supplied by intermediaries. Police registered cheating by impersonation and Information Technology Act offences and, upon tracing the money trail, arrested two suspects who had opened multiple accounts, accepted deposits, withdrawn funds, and handed them to cybercriminals for a commission; further investigation continues.
February 5, 2026
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Mata Vaishno Devi medical college: call to grant minority status so it can resume operations and preserve private investment.
The Medical Assessment and Rating Board withdrew SMVDIME's letter of permission for non compliance, halting operations and dispersing the initial cohort. The chief minister urged designation of the college as a minority institution to resume operations, preserve significant private investment, reconcile merit based NEET admissions with concerns about student composition, and ensure continued production of doctors for public service.
February 5, 2026
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Interim budget focuses on urban infrastructure: road widening, encroachment regulation, corridors, MSME parks and a global trade centre.
Interim budget prioritises infrastructure-led growth via district town modernisation, road widening and encroachment regulation to unlock corridor development, continued investment in industrial and economic corridors, logistics connectivity and MSME parks, and the proposed global trade centre supported by public private collaboration to develop sustainable, people friendly cities.
February 5, 2026
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West Bengal pre-poll budget increases women's Lakshmir Bhandar and proposes Rs 1,500 monthly youth stipend.
The interim Rs 4.06 lakh crore vote-on-account prioritises welfare: Lakshmir Bhandar payments rise by Rs 500 (to Rs 1,500/1,700 for general/SC-ST women) with an additional Rs 15,000 crore allocation and immediate disbursement from February; Banglar Yuva Sathi proposes Rs 1,500 monthly for unemployed youth (21-40) for up to five years subject to rollout from August 15 if the incumbent is returned, with Rs 5,000 crore earmarked. The opposition contends many promises are election-oriented and may be restricted by the Model Code of Conduct.
February 5, 2026
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India Malaysia visit advances semiconductor cooperation, defence partnerships, trade reviews and renewed extradition request for Zakir Naik.
India and Malaysia will formalise cooperation including an anticipated agreement on semiconductor cooperation, prioritise trade and investment facilitation and review bilateral economic instruments under ASEAN frameworks; they will explore defence sales and technical cooperation on maintenance and upgrades (Dornier aircraft, Scorpene naval mid life upgrades, Su 30 fleet support) and will renew India's diplomatic request for extradition while engaging with industry leaders and the diaspora under the countries' comprehensive strategic partnership.
February 5, 2026
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Karnataka Congress leadership: Shivakumar expects high command to call him when a political decision is taken.
Internal party leadership dynamics center on the expectation that the national party high command will intervene to resolve a leadership tussle in Karnataka by summoning state leaders when it takes a political decision. D K Shivakumar expressed confidence he will be called to New Delhi for such determinations, while allied MLAs and ministers urged an early resolution to prevent damage to party unity and electoral prospects.
February 5, 2026
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Prime Minister Modi condemns parliamentary disruptions, says opposition cannot "dig his grave" and highlights government achievements.
Prime Minister addressed the Rajya Sabha during the Motion of Thanks, condemning Opposition interruptions as insults to the President's office and the Constitution, and asserting that electoral defeats and personal attacks will not unseat him because of broad popular support. He criticised a principal opposition party for corruption, double standards and derogatory remarks, accused regional parties of protecting illegal entrants harming tribal and youth interests, and reiterated government achievements-security operations, economic performance, startup promotion and recent trade deals-as proof of governance and progress toward national development goals.
February 5, 2026
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Punjab-Canada economic cooperation explores investment, technology collaboration and alignment of Invest Punjab operations to boost sustainable growth.
A Punjab delegation and a Canadian delegation led by Alberta's Indigenous Relations minister discussed strengthening economic ties, with Punjab presenting its industrial ecosystem, investment opportunities, an industry-friendly ease of doing business approach, and the operational framework of Invest Punjab; technology and innovation were identified as priority sectors for collaboration.
February 5, 2026
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Himachal geothermal energy: state signs MoU with Geotropy to begin exploration with no state cost.
A Memorandum of Understanding between the Himachal Pradesh government and GEOTROPY ehf./Geotropy India establishes immediate commencement of geothermal exploration to assess and harness the state's geothermal potential as a continuous renewable energy source, with the state confirming that exploration will not impose financial liability on it.
February 5, 2026
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Haryana agriculture: State targets Rs3.67 lakh crore priority sector credit and promotes tech-driven rural development.
Haryana's strategy pairs innovation and institutional finance to tackle agricultural challenges by prioritising infrastructure and productivity intensification. NABARD's State Focus Paper 2026-27 sets the state's priority sector credit potential at Rs 3.67 lakh crore-Rs 1.32 lakh crore for agriculture and Rs 2.11 lakh crore for MSMEs-while RIDF sanctions support roads, irrigation, storage, renewable energy and social infrastructure. The plan also focuses on Smart Agriculture Zones, crop diversification, micro irrigation, FPO strengthening, cooperative reform, timely bank credit and measures to improve farm to market linkages.
February 5, 2026
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U.S. markets fell as Alphabet's massive spending plans and softer job data drove tech sell-offs and lower Treasury yields.
U.S. equities and commodities fell as investor focus shifted from quarterly profits to elevated corporate capital expenditures and weakening labour-market signals. Alphabet's planned near-doubling of equipment and investment spending drove tech-sector selling, while rising unemployment claims, increased layoffs and fewer advertised openings pushed Treasury yields down amid greater odds of eventual rate easing. Precious metals and bitcoin corrected sharply, and global markets declined alongside U.S. losses.
February 5, 2026
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UT-with-Assembly model undermines governance; approval of Business Rules sought to clarify administrative roles pending constitutional change.
Omar Abdullah urged abolition of the Union Territory-with-Assembly model as unworkable, citing conflicted control over senior appointments and functions-illustrated by a mid-budget finance secretary transfer and the Resident Commissioner post given as additional charge-which impede budget preparation and central coordination; he urged approval of the Transaction of Business Rules to clarify delegation and administrative roles pending any constitutional change.
February 5, 2026
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India rejects report of NSA Doval's US visit and meeting; MEA says no such visit or meeting occurred.
The Ministry of External Affairs denied a media report that the National Security Adviser visited Washington and met a senior US official to press for renewed trade negotiations, stating there was "absolutely no basis" for the claim and that no such visit or meeting occurred; the report's allegations about India's refusal to be bullied and its willingness to wait out the US administration were likewise rejected.
February 5, 2026
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India trade deals with the EU and US reduce tariffs, aim to remove non tariff barriers and expand market access.
India concluded a comprehensive free trade agreement with the European Union and a bilateral trade deal with the United States that reduces reciprocal tariffs on Indian goods to 18% and contemplates elimination of tariffs and non tariff barriers, thereby altering tariff schedules and market access conditions; these international commitments are coupled with domestic reforms to enhance export competitiveness and institutional resilience.
February 5, 2026
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Airline inspections found 377 of 754 analysed aircraft with recurring defects; regulator stepped up surveillance and staffing.
Of 754 aircraft across six scheduled carriers analysed for repetitive defects since January 2025, 377 were identified with recurring defects. The Air India Group had 267 analysed aircraft, of which 191 (nearly 72%) had repetitive defects. DGCA reported 3,890 surveillance inspections, 56 regulatory audits, 84 surveillance of foreign aircraft, 492 ramp checks, 874 spot checks and 550 night surveillance events, and increased sanctioned technical posts from 637 to 1,063 to address manpower shortfalls.

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Highlights of RBI's monetary policy

February 6, 2026

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Mumbai, Feb 6 (PTI) Following are the highlights of the bi-monthly monetary policy announced by Reserve Bank Governor Sanjay Malhotra on Friday: * Benchmark lending rates unchanged with repo rate at 5.25 pc; * Monetary policy stance remains neutral; * GST reforms, monetary easing, low inflation to support pvt consumption; * Trade deals to boost exports; * GDP growth projections revised upwards for Q1 and Q2 of FY27 to 6.9 pc and 7 pc, respectively; * Measures in Union Budget conducive for economic growth; * Retail inflation for current fiscal projected at 2.1 pc; * CPI inflation for Q1 and Q2 of FY27 projected at 4 pc and 4.2 pc, respectively; * Excluding precious metals, underlying inflation pressures remain muted; * India’s forex reserves stood at USD 723.8 bn; * Framework soon to compensate customers up to Rs 25,000 for losses in frauds; * RBI proposes measures to protect senior citizens from digital frauds; * Collateral-free loan limit for MSMEs to be doubled to Rs 20 lakh; * Banks to be allowed lend to REITs; * Branch opening norms for certain types of NBFCs to be relaxed; * Next meeting of RBI's MPC scheduled for April 6- 8, 2026. PTI NKD CS NKD DR DR

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