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    High command has given clear signal there won't be leadership change, claims Siddaramaiah's son
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February 6, 2026
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Siddaramaiah's leadership affirmed; party high command signals no change, and MUDA closure report grants him a clean chit.
The party high command signalled no leadership change and Siddaramaiah is expected to remain chief minister for five years, with the party prioritising budgetary and revenue concerns over leadership disputes. Speculation linked to a prior power sharing arrangement with the deputy chief minister persists. Separately, a 'B' report in the MUDA allotment matter was accepted by a special court, described as a clean chit to Siddaramaiah and others, though an appeal remains possible.
February 6, 2026
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Chromebook procurement in Andhra Pradesh flagged for restrictive tender conditions limiting competition and raising public value concerns.
Allegations state that the centrally funded procurement of 51,885 Chromebooks used restrictive tender conditions-notably specified foreign certifications-that GeM flagged as limiting competition, yet remained uncorrected before bid closure; industry says equivalent standards were excluded, the tender effectively matched only one OEM, an extension to secure savings was denied, and an IDC quality benchmark was removed, prompting calls for independent review of procurement compliance and value for money.
February 6, 2026
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Bangalore Watch Company opens a flagship boutique showcasing collections, archival aviation and space pieces, and hosting community events.
Bangalore Watch Company opened a 1,800 sq. ft. flagship boutique on Lavelle Road as an experiential retail space showcasing its full collections, archival pieces made from recovered aircraft materials and space qualified watches, and hosting masterclasses and community events to advance brand expansion and customer engagement; the release is a promotional communication accompanied by a distribution disclaimer disclaiming editorial responsibility.
February 6, 2026
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Sabarimala gold loss case: ED summons actor Jayaram in a PMLA probe over alleged temple gold extraction and asset concealment.
Enforcement Directorate summoned actor Jayaram in a PMLA money laundering probe alleging that sacred Sabarimala gold clad artefacts were misrecorded as copper, removed for replating, taken to private firms for chemical gold extraction, and that the extracted gold and related assets were retained, transferred and concealed as proceeds of crime; ED has conducted searches, frozen assets and seized a gold bar while investigative questioning continues.
February 6, 2026
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Impetus achieves Great Place To Work Certification again, highlighting culture, people strategy, and GenAI talent investments and innovation.
Impetus received the Great Place To Work Certification for 2026, credited to organizational practices that foster trust, accountability, and innovation. The company reports people strategy measures-leadership accessibility, role-based capability development, inclusive initiatives, and structured learning journeys-aimed at preparing employees for Generative AI and Agentic AI engineering work and enabling delivery of enterprise-grade AI solutions.
February 6, 2026
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Jammu and Kashmir's Rs 1.27 lakh crore budget prioritises inclusive growth, fiscal prudence, debt sustainability and targeted welfare measures.
The Jammu and Kashmir 2026-27 Budget of Rs 1.27 lakh crore prioritises sustainable, inclusive growth with fiscal prudence: net estimates of Rs 1,13,767 crore, revenue expenditure Rs 80,640 crore, capital expenditure Rs 33,127 crore, own revenues Rs 31,800 crore, central assistance Rs 42,752 crore, a projected tax to GDP ratio of 6.6% and a fiscal deficit of 3.69%. The plan emphasises debt sustainability through controlled borrowing and austerity, capital investment funded in part by special central assistance, power sector reforms, and targeted social and agricultural welfare measures.
February 6, 2026
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Parliament conduct: Shiv Sena leader rejects claim that MPs posed a threat to the Prime Minister and criticises trade deal.
A presiding officer warned that certain MPs might move toward the Prime Minister's seat and carry out an "unexpected act," prompting a request that the Prime Minister not attend a House reply; an Opposition leader rejected the assertion as baseless, defended parliamentary rules and traditions, and called the allegation laughable. The leader also criticised the government's policy, contending a recently reported India-US trade agreement reducing reciprocal tariffs to 18 per cent created national danger.
February 6, 2026
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LIBF Expo 2026 showcased India's sector-driven platforms for cross-border trade and regulatory compliance dialogue and capital access.
LIBF Expo 2026 served as a sector-driven international trade platform connecting Indian enterprises with global markets, focusing on cross-border expansion, supply chain diversification, access to capital, and regulatory compliance frameworks. The event convened business leaders, institutional representatives, investors, policymakers, and trade bodies to address practical mechanisms, advisory support, and institutional facilitation for overseas market entry.
February 6, 2026
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Hourly hotel stays require ID, verified listings, and remedies for check in failures, with policies varying by property.
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February 6, 2026
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Deputy chief of Russian military intelligence wounded in Moscow shooting amid a series of targeted killings.
A senior Russian military intelligence deputy was shot and hospitalised in Moscow; authorities reported the attack without naming a suspect. The incident follows several recent targeted killings and bombings of high-ranking officers, some blamed on Ukraine and some claimed by Ukrainian agencies, with at least one suspect arrested in an earlier case. Reporting notes the shooting occurred just after international negotiations but does not link the talks to the attack; operative legal effects are confined to criminal investigation and questions of attribution.
February 6, 2026
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ASHA workers protest, rejecting Rs1,000 honorarium hike and demanding a fixed monthly salary of Rs15,000.
ASHA volunteers protested a Rs 1,000 honorarium increase and demanded conversion to a fixed monthly salary of Rs 15,000, rejecting performance linked allowances and seeking limits on duties to mother and child support. The state announced the hike to Rs 6,250 and administrative benefits including a one time Rs 5 lakh death in service payment and maternity leave; demonstrators seek formal recognition of a predictable salary entitlement and meetings with health officials to change payment structure and employment conditions.
February 6, 2026
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Union budget 2026-27 launches an AI Mission and Critical Minerals Mission to bolster technology capacity and supply chains.
The union budget 2026-27 sets a long-term fiscal and policy roadmap toward 'Viksit Bharat-2047', releasing due funds to states and establishing an AI Mission with budgetary support and a Critical Minerals Mission to secure inputs for semiconductors, renewable energy and green hydrogen to strengthen technological capacity and supply chains.
February 6, 2026
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Parliamentary disruptions over the President's address raise questions on ministerial answers, Speaker intervention, and institutional accountability.
The dispute centres on parliamentary procedure during debate on the President's address: the opposition alleges the Prime Minister avoided answering questions in the Rajya Sabha and that recurring Lok Sabha disruptions demonstrate the government's refusal to run the House democratically. The Prime Minister countered that those disruptions insulted the President, the Constitution, and specified social groups, while the Speaker's reliance on intelligence to manage participation and the adequacy of that intervention were contested. The exchange implicates ministerial responsibility, acceptable protest in chambers, and oversight of executive conduct.
February 6, 2026
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Air India's Vihaan.AI is largely complete; remaining work is fleet refit and dealing with operational headwinds to reach profitability.
Air India's Vihaan.AI transformation has completed most planning, design and certification phases; remaining tasks are mechanical rollouts-manufacturing, seat delivery and installation-and completion of fleet refits across about 190 aircraft, while external headwinds like airspace closures, a fatal accident and other disruptions continue to affect operational performance and the timeline to profitability.
February 6, 2026
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Rs 10,000 crore missing from state treasury prompts demand for a high-level probe and audits of departments and agencies.
Allegations state that about Rs 10,000 crore is missing from the state treasury, identified during an audit under a former finance minister; secretarial explanations were unsatisfactory, a finance minister's request for departmental review was forwarded to the chief secretary and remains pending, and a senior opposition leader has demanded a high-level probe and audits of boards, corporations and commissions to determine possible official benefit and accountability.
February 6, 2026
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Interest rates to remain low; policy decisions by committee; government borrowing manageable as T-bills support the yield curve.
Interest rates will remain low and may fall further, with the Monetary Policy Committee making rate decisions; the repo rate was held at 5.25% after a 125 basis point reduction since last February, while deposit-rate transmission has been slow and fixed deposit rates are expected to decline. Treasury bills will be used to manage the yield curve and support the government borrowing programme, recent trade deals may add marginal GDP growth, budget measures for data centres are expected to draw foreign investment, and currency in circulation has increased significantly.
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.

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Questions over Chromebook procurement in Andhra Pradesh: GeM flags concerns, public loss feared

February 6, 2026

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New Delhi [India], February 06: Serious concerns have surfaced over a Government of India–funded school IT procurement in Andhra Pradesh, with documents indicating that the tender process for Chromebooks may have been structured and modified to favour select bidders, potentially causing a significant loss to the public exchequer. The controversy relates to the procurement of 51,885 Chromebooks for government schools under a Project Approval Board (PAB)–approved scheme of the Ministry of Education, Government of India. The e-tender, issued by the State Project Director, AP Samagra Shiksha Society (APSSS), closed on January 24.

A review of tender documents, corrigenda, official replies, industry representations, and Government of India advisories reveals a series of red flags suggesting that competition, quality safeguards, and value-for-money principles may have been compromised.

GeM flags restrictive conditions In a key development, the Government e-Marketplace (GeM)—the central procurement platform—formally flagged that the tender mandated multiple foreign certifications such as EPEAT Gold, TCO, FCC, Energy Star, and MIL-STD-810H, cautioning that these conditions “may be restrictive and beyond MeitY/DPIIT/PPP-MII norms, thereby limiting competition.” GeM advised the department to review the matter and take corrective action.

Despite this explicit advisory, no meaningful correction appears to have been made before bid closure, raising questions about why a central procurement platform’s warning was disregarded in a centrally funded project.

Deviation from central procurement norms Industry sources point out that the insistence on EPEAT Gold and TCO certifications contradicts the DPIIT Office Memorandum dated 20.12.2022, which discourages restrictive and discriminatory tender conditions. Equivalent globally accepted certifications such as CB, CE, FCC, UL, and BIS were not permitted, effectively narrowing the field to a limited set of vendors.

Observers argue that this exclusionary design does not appear incidental, particularly after GeM itself highlighted the non-compliance.

Tender allegedly tailored to a single OEM Stakeholders further allege that the tender’s over-reliance on the highly restrictive EPEAT Gold certification had the practical effect of aligning eligibility with the product portfolio of a single OEM, even though multiple OEMs operate in India and meet functional and safety requirements through other accepted standards. According to industry participants, EPEAT Gold at the specified configuration level is available with only one vendor, making the tender effectively single-OEM in design.

This concern is compounded by participation patterns: only three relatively small bidders reportedly qualified, leading to allegations of coordinated participation aligned to the restrictive framework. While no wrongdoing has been established, critics say such outcomes raise serious questions about genuine competition and price discovery.

National players sidelined, local firms favoured By restricting nationally established OEMs and system integrators—who have proven, pan-India experience in executing large education deployments—the tender allegedly tilted towards local players. Critics say these firms lack comparable manufacturing depth, nationwide service networks, and execution capacity for a project of this scale, heightening delivery and long-term support risks.

Public savings ignored Adding to the concern, manufacturers warned of severe global RAM and SSD price volatility and sought a two-to-three week bid extension, projecting savings of at least 10% of the total contract value. The request was rejected without recorded justification, and the tender was rushed to closure.

Quality benchmark diluted The original tender included an IDC-based quality benchmark, a neutral indicator of product maturity and reliability. This clause was later removed through a corrigendum, even as other restrictive conditions were retained—effectively lowering quality safeguards while preserving entry barriers.

Call for investigation “This is not a routine state purchase; it is a GoI-funded, PAB-approved project meant for school education,” industry sources said. Taken together—GeM’s warning, restrictive certifications, denial of extension despite potential savings, dilution of quality benchmarks, sidelining of national players, and allegations of a single-OEM-aligned design—the sequence of actions forms a pattern that warrants independent investigation.

The key question now is whether authorities will intervene to protect taxpayers’ money and students’ interests, or allow the concerns flagged—even by GeM—to go unexamined.

(Disclaimer: The above press release comes to you under an arrangement with PNN and PTI takes no editorial responsibility for the same.). PTI PWR

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