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    TN Cabinet gives nod to 15 proposals for commitment of Rs 34,000 cr investment
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    Poll-bound Bengal interim budget turns welfare into electoral currency
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February 5, 2026
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Tamil Nadu Cabinet approves 15 industrial projects worth Rs 34,237 crore, creating 55,000 jobs across the state.
The state government granted Cabinet approval to 15 industrial project proposals totaling Rs 34,237 crore, covering expansions and new projects across Chennai, Ranipet, Thiruvallur and other districts, including an international footwear brand, and projecting the creation of 55,000 jobs as part of the executive's investment promotion measures.
February 5, 2026
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Unemployment claims rose to 231,000, signaling modestly higher separations amid a broader hiring slowdown and fewer job openings.
Initial unemployment-claim applications rose by 22,000 to 231,000 for the week ending January 31, above forecasts, with the four-week moving average up to 212,250 and continuing claims at 1.84 million. These high-frequency claim measures indicate modestly higher separations amid an overall hiring slowdown: just 50,000 jobs added in December and 584,000 jobs for 2025. Declining job openings and high-profile corporate layoffs, coupled with recent Fed rate trims and a subsequent hold, are identified as contributing factors to softer hiring momentum.
February 5, 2026
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Civil Services Examination requires mandatory face authentication and restricts eligibility of candidates already appointed to IAS, IFS, or IPS.
UPSC requires mandatory face authentication at examination venues, advises Aadhaar use for identity verification, mandates upload of photograph, live photograph capture and three signatures in the CAF, and bars withdrawal or post submission corrections. The notification enforces eligibility restrictions: serving IAS and IFS officers are ineligible for CSE 2026; appointments to IAS/IFS after prelims preclude mains participation and appointments after mains commencement but before results exclude candidates from CSE 2026 consideration. Time to make representations on prelim papers is reduced to five days.
February 5, 2026
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West Bengal interim budget expands cash transfers and targeted allowances to consolidate voter blocs ahead of assembly elections.
The interim vote-on-account repackages targeted welfare as electoral commitments by immediately raising Lakshmir Bhandar allowances, proposing the conditional Banglar Yuva Sathi unemployment stipend with an Rs 5,000 crore allocation, increasing stipends and compensations for frontline workers, granting a four per cent dearness allowance hike for government employees and pairing these measures with MSME parks, a Rs 2,000 crore rural job allocation and a river-erosion master plan for electorally sensitive districts.
February 5, 2026
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West Bengal interim budget projects 14% higher spending to Rs 3.96 lakh crore and narrows the revenue deficit.
The interim budget projects total expenditure of Rs 3.96 lakh crore for 2026-27 with a vote-on-account for the first four months, a marginal overall deficit of Rs 4 crore (Rs 62.70 crore including opening balance), and a narrowed revenue deficit of Rs 21,759.34 crore. Major allocations include Rs 1.80 lakh crore for social welfare and Rs 86,533.10 crore for capital expenditure (over half for loan repayments); own-tax revenues, central grants-in-aid, and market borrowings are separately forecast.
February 5, 2026
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India US trade deal nearing completion reportedly cuts US tariffs on Indian exports to 18 percent and advances critical minerals cooperation.
A bilateral India US trade agreement is in advanced finalisation and reportedly includes a tariff reduction to 18 percent and removal of a 25 percent additional levy tied to energy purchases; the deal is expected to boost Indian exports and labour intensive industries. Concurrently, cooperation on critical minerals is advancing and further engagement on defence and energy is anticipated, while India emphasises energy security and historical commercial ties with Venezuela when assessing supply options.
February 5, 2026
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Soda ash plant expansion gets environmental clearance, doubling capacity, adding sodium bicarbonate production and jobs.
SOKA has obtained environmental clearance to double soda ash capacity from 500,000 to 1,000,000 MTPY in phased steps (first to 750,000 MTPY), will add sodium bicarbonate production, uses a captive co generation power facility, and anticipates ~2,000 new jobs while strengthening domestic supply for detergents, glass (including solar glass), textiles, chemicals, and export markets.
February 5, 2026
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Leasing residential flats does not automatically bar consumer-protection claims; focus is on the purchaser's dominant commercial purpose.
A purchaser's exclusion from "consumer" status due to leasing depends on whether the dominant purpose of purchase was profit-generating commercial activity; the onus of proving such a commercial purpose and a close nexus to profit lies on the party asserting the exclusion, and mere leasing does not ipso facto demonstrate that dominant commercial intention.
February 5, 2026
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Bharat Taxi launch: cooperative, driver-owned ride-hailing with zero-commission fares and direct profit sharing.
A driver-owned ride-hailing platform registered as a multistate cooperative implements a zero-commission, surge-free fare model that keeps Rs 20 per Rs 100 as the platform share (owned by drivers) and channels Rs 80 directly to drivers, pairs collective ownership with mandated social-security measures, and will expand from initial pilot regions to nationwide operation within three years.
February 5, 2026
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Housing completion, modification of sports board ban, and dearness allowance directed for past service period.
Orders addressed completion of 16 stalled housing projects by a state contractor for an insolvent developer; modification permitting a sports administrator's board association; direction to pay dearness allowance for 2008-2019 as a legally-enforceable right; adjournment of an NSA detention challenge; upholding of a legislative election. The court authorised the civil service commission to flag delays in senior police appointment proposals, called for fresh hearing of retrospective environmental clearance challenges, and listed petitions on election challenges and deregistration for parties promising pre-poll freebies.
February 5, 2026
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European Central Bank holds deposit rate at 2% as growth stays resilient and inflation sits below target.
The European Central Bank kept its deposit rate at 2 percent as lower rates, low unemployment and easing energy costs supported resilient eurozone growth, while inflation fell to 1.7 percent. A US EU tariff deal reducing trade uncertainty and anticipated higher public spending in Germany, plus France's budget resolution via special powers, contribute to forecasts that rates may remain unchanged into 2027 absent stronger growth.
February 5, 2026
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Silver and gold plunged amid a global selloff as a stronger dollar and Chinese futures liquidations intensified the rout.
Silver and gold fell sharply as a stronger US dollar, hawkish Fed remarks and reduced safe haven demand triggered a global selloff; international pressures, notably a steep decline in Shanghai silver futures and forced liquidations at a major Chinese silver futures fund, intensified the rout and transmitted additional downward pressure to domestic precious metal prices.
February 5, 2026
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Manipur finances: state resources and tax collection rose, excise revenues and security funding increased, boosting resettlement and anti-narcotics efforts.
State resources rose from Rs 1,443 crore to Rs 2,087 crore between 2023-24 and 2024-25, with own tax collections improving markedly (Rs 1,254 crore by October 2025 versus Rs 608 crore in October 2024). Phased lifting of prohibition is expected to boost excise duty. The administration pursues a zero tolerance policy on narcotics-destroying illicit poppy cultivation and seizing drugs-and has secured Rs 196.61 crore for security and smart policing plus over Rs 54 crore for police infrastructure, while targeting resettlement of more than 10,000 IDP households.
February 5, 2026
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India-EU and India-US FTAs expected to boost manufacturing, exports, investment and job creation in key sectors.
NDA leaders in Kerala endorsed the economic effects of India's Free Trade Agreements with the US and EU, arguing the accords will expand market access, boost manufacturing and exports in electronics, semiconductors, apparel and footwear, attract investment, spur startups and job creation, and position India as a competitive supplier. They criticised the state government's development record and opposition resistance. An industry representative denied any improper link to an enforcement notice, characterised inspections as routine, and said alleged violations must be proven in court.
February 5, 2026
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Rajasthan's stone industry: investor-friendly policies, single-window clearances and infrastructure to boost value addition and exports.
The state announced an investor-friendly, policy-stable initiative for the stone industry centred on a single-window clearance, simplified procedures, stronger industrial infrastructure and improved logistics to facilitate business setup, value addition and access to global markets.
February 5, 2026
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SaltDiscovery Media Group launches Brand Communion to cover branding, marketing, and consumer behaviour with multilingual plans.
SaltDiscovery Media Group celebrated five years and launched Brand Communion, an English-language flagship focused on brands, marketing, public relations, consumer behaviour, and corporate storytelling for India and the Eurasian market, with plans for multilingual expansion; the group emphasised responsible journalism, intent to bolster research and analytics, expand its global contributor network in 2026, and to broaden its publishing portfolio including the forthcoming Business Journal Live.
February 5, 2026
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KaarTech named among India's Top 50 Best Workplaces in IT & IT BPM for commitment to trust and people first culture.
KaarTech was named one of India's Top 50 Best Workplaces in IT & IT BPM for 2025 by Great Place to Work India, attributed to a people first culture emphasising trust, inclusion, innovation, and strong employee experience, with the company's global operations, SAP S/4HANA engagements, proprietary IP (KTern.AI), and industry awards presented as contextual support for its workplace practices.
February 5, 2026
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Urban India protein deficiency survey finds 60% not consuming protein daily; affordability and awareness are key barriers.
A nationwide urban survey of over 207,000 respondents finds roughly 60% of urban Indians do not consume protein-rich foods daily and that major knowledge gaps exist about recommended protein intake and symptoms of deficiency. Affordability, not availability, is the principal barrier, with taste and dietary restrictions also limiting consumption. The release reports industry responses including a high-protein milk product and a partnered awareness campaign aimed at improving protein access and literacy.
February 5, 2026
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Bank of England keeps interest rate at 3.75%, forecasts inflation toward 2% and signals possible further cuts.
The Bank of England maintained its policy rate at 3.75 per cent with the Monetary Policy Committee narrowly split (five to hold, four to cut). Accompanying forecasts project inflation falling toward the 2 per cent target from 3.4 per cent, and the Bank signalled scope for further reductions in the Bank Rate later in the year provided inflation declines as projected.
February 5, 2026
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India Art Fair 2026 spotlights BMW's decade-long cultural partnership and Afrah Shafiq's immersive commissioned installation.
BMW Group India returns as presenting partner of India Art Fair 2026, operationalising its decade-long cultural sponsorship through the "The Future is Born of Art" Commission; the 2026 Commission, themed "Crafting in Continuum," is awarded to Afrah Shafiq for an immersive fac ade installation that combines textile traditions with an interactive Augmented Reality experience, while BMW also presents the limited-run Concept Speedtop in a collectors' showcase.

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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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