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    HP secures approval for 73 projects of Rs 713.87 cr from NABARD in FY26: CM Sukhu
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February 6, 2026
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NABARD approvals and halted revenue deficit grant risk major fiscal shortfall for state finances, prompting tougher revenue measures.
The state secured 73 project approvals totaling Rs 713.87 crore for 2025-26 across public works and water management, while the stoppage of the revenue deficit grant - a recurring constitutional transfer - is projected to create an almost Rs 50,000 crore shortfall, prompting plans for increased revenue measures and stricter financial management.
February 6, 2026
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AAP leader Lucky Oberoi shot dead in Jalandhar; police pursuing leads, technical analysis and charges filed.
An AAP leader, Lucky Oberoi, was fatally shot outside a Jalandhar gurdwara as CCTV captured an assailant and an accomplice fleeing on a two-wheeler. Police registered charges for murder, common intention and criminal conspiracy under the Bharatiya Nyaya Sanhita and offences under the Arms Act, and report multiple leads. Investigative steps include collection of mobile-tower dumps for technical analysis, IP tracking of an unverified social media claim, and review of reconnaissance possibilities; no organised-crime angle has been confirmed to date.
February 6, 2026
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Jammu and Kashmir tourism budget proposes Rs 180 crore for Amarnath Yatra and increased tourism infrastructure funding.
The budget allocates Rs 180 crore to modernise Shri Amarnath Ji pilgrimage infrastructure in partnership with the Border Roads Organisation, expands environmental infrastructure including a 3.2 MLD sewage treatment plant and solid waste management upgrades, increases tourism and youth affairs capital outlay to Rs 472 crore, and designates Rs 109 crore for culture-sector capital projects focused on heritage revival and museum modernisation.
February 6, 2026
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Jammu and Kashmir seeks economic self-reliance through multi-sector budgets prioritising agriculture, dairy, tourism and infrastructure investments.
The UT government frames economic self reliance as requiring sustained multi sector reforms, directing the budget to agriculture, horticulture, dairy expansion, industry, tourism and handicrafts while treating hydropower as a future, capital intensive revenue source. Operational priorities include strengthening canal irrigation and desilting, protecting productive agricultural land through constrained conversion, finalising the Jammu Master Plan, suspending damaging railway alignments, and allocating social measures such as free LPG cylinders and provisions for Kashmiri Pandits within a realistic fiscal stance.
February 6, 2026
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Sampre Nutrition's subsidiary to build a food processing facility in Egypt on a 30,000 sq m allocated site.
Sampre Nutrition's subsidiary will establish a food processing and confectionery manufacturing facility in Egypt after Orascom Industrial Parks approved allocation of a 30,000 sq m land parcel, enabling cross border expansion of manufacturing capacity and supporting the company's international growth strategy.
February 6, 2026
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India-China border: BJP accuses Congress of ceding territory and questions alleged China funding to Rajiv Gandhi Foundation.
A government spokesperson accused a former ruling party of ceding Indian territory to China and alleged undisclosed Chinese funding to the Rajiv Gandhi Foundation, demanding disclosure of amounts and purposes. The speaker asserted prior failures in border infrastructure and contrasted them with current measures: record defence expenditure, expanded defence manufacturing, construction of border roads and airfields, and assertive military responses to Chinese encroachments.
February 6, 2026
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Vidarbha to become development hub with 6,600 MW secured by a 25 year power purchase agreement and major investments.
Adani Group projects aim to bolster Vidarbha's energy supply through a 3,300 MW thermal plant, revival of a 600 MW project, and a combined 6,600 MW assured by a 25 year power purchase agreement, alongside a proposed Rs 70,000 crore coal gasification complex expected to generate 30,000 direct jobs and an underground mining project prioritising minimal land use and water conservation.
February 6, 2026
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Sabarimala gold case accused secured bail amid alleged collusion between UDF and LDF, says Nitin Nabin.
Allegations that the UDF and the LDF coordinated to secure bail for accused in the Sabarimala gold loss case are presented as a claim of political collusion that harmed religious sentiment and sanatan traditions. The speaker ties this to broader charges of misgovernance, corruption, appeasement, and threats to centres of devotion, and urges public action while promoting a contrasting development and faith protection agenda.
February 6, 2026
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Jammu and Kashmir budget announces welfare, infrastructure and governance measures with Aadhaar based DBT and targeted sectoral investments.
The Jammu and Kashmir 2026-27 budget implements governance reforms by moving all Centrally Sponsored Schemes to the SPARSH system with mandatory Aadhaar-based Direct Benefit Transfers, proposes incentives for hardship area staff and local employment conditions for concessionary industrial units, and funds market support for artisans including a Unity Mall. It allocates major sectoral investments for a Restructured Weather Based Insurance Scheme, CA storage expansion, irrigation subsidies, livestock embryo transfer labs, education and early childhood upgrades, healthcare infrastructure and specialised departments, and social protection measures including scholarships, orphan sponsorships via DBT, transport for persons with disabilities, and six free LPG cylinders yearly for AAY households.
February 6, 2026
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West Bengal interim budget proposes new social payouts, continuation of pensions, and supplementary grants amid funding shortfalls.
The Rs 4.06 lakh crore interim budget increases Lakshmi Bhandar by Rs 500 for women, launches a Rs 1,500 monthly Yuvasathi stipend for unemployed youth while maintaining Yuvasree, preserves widow and old-age pensions, and targets uplift of tribals and backward communities. The finance minister alleges the Centre has withheld GST and project funds, forcing the state to use its resources and move supplementary budgets. Opposition criticised the vote-on-account as an election-oriented proposal and questioned the lawfulness and beneficiary details. A supplementary grant of over Rs 16,994 crore was tabled.
February 6, 2026
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Laser Power & Infra IPO approved to raise Rs 1,200 crore, including an Rs 800 crore fresh issue.
Sebi approved Laser Power & Infra Ltd's initial public offering of up to Rs 1,200 crore, comprising a fresh issue up to Rs 800 crore and an offer for sale up to Rs 400 crore. The company will use net proceeds from the fresh issue primarily to pre pay or repay outstanding borrowings of Rs 600 crore, with the remainder for general corporate purposes.
February 6, 2026
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Central public sector enterprises must prepare for international competition through technology, innovation and leadership development.
Central public sector enterprises must prepare for intensified international competition while maintaining roles in strategic sectors where long-term national interests and market balancing are critical. Emphasis is placed on technology adoption, innovation, leadership development and capacity building-illustrated by the DAKSH programme's blended curriculum and international exposure-to equip senior executives to lead in areas such as cybersecurity, data governance and energy transition while fulfilling public policy objectives.
February 6, 2026
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Union Budget 2026 27 prioritizes infrastructure, manufacturing, health, skill development, and environmental sustainability through targeted allocations.
The Union Budget 2026 27 allocates major capital expenditure to infrastructure, defence and healthcare-approx. Rs.3 lakh crore for roads, Rs.7.5 lakh crore for defence, and about Rs.1 lakh crore for healthcare including Rs.10,000 crore for Biopharma Shakti-coupled with projectised interventions (high speed rail corridors, Delhi Mumbai Expressway 2027 target, Amrit Bharat station redevelopment) and administrative facilitation (single window approvals) to boost manufacturing, logistics efficiency, and workforce skilling.
February 6, 2026
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Kerala land acquisition for Angamaly-Sabarimala rail initiated; state commits 50% funding via KIIFB; revenue authorities begin acquisition.
Kerala has initiated land acquisition for the Angamaly-Sabarimala railway, directed revenue authorities to begin acquisition, and notified the Union Railway Ministry of a financial commitment to bear 50% of project costs with Rs 1,900 crore provided through the Kerala Infrastructure Investment Fund Board.
February 6, 2026
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Jindal India secures approval for Odisha greenfield plant and commissions advanced metal coating line to boost coated steel output.
Jindal India Steel Tech Limited obtained a Letter of Approval to set up a greenfield steel plant in Dhenkanal, Odisha, enabling phased investments of Rs 3,600 crore in phase one and Rs 15,000 crore by 2030. Separately, Jindal (India) commissioned an advanced metal coating line in Howrah as part of a Rs 1,500-crore downstream expansion, increasing coated steel output by about 60% to nearly 0.3 million tonnes and supporting projected revenue growth of roughly 20% in FY26.
February 6, 2026
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Deputy head of Russia's military intelligence wounded in Moscow; officials call it an apparent terrorist act prompting investigations and security measures.
A deputy head of Russia's military intelligence was shot and wounded in Moscow in an attack described by officials as an apparent terrorist act, prompting law enforcement investigations and directives to enhance protection of senior military officers, and framed against prior targeted killings that Moscow has attributed to Ukraine.
February 6, 2026
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Bilaspur airport upgraded to all-weather operations under instrument flight rules, enhancing regional connectivity and safety.
The Directorate General of Civil Aviation has granted DGCA approval upgrading Bilaspur airport from 3C-VFR to 3C All-Weather Operations (Instrument Flight Rules), authorising operations under instrument flight rules and enabling continuous operations in adverse weather, thereby modifying the airport's operational capabilities, safety compliance requirements, and role in regional connectivity.
February 6, 2026
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RBI keeps repo rate at 5.25%, issues consumer compensation and digital payments safety proposals, and eases MSME and NBFC rules.
The RBI kept the repo rate at 5.25% with a neutral stance due to low underlying inflation and improved growth outlook from recent trade deals. It revised GDP and inflation projections modestly, deferred full FY27 projection pending a revised GDP base, and announced draft guidelines on mis selling, loan recovery, and limiting customer liability for unauthorised electronic transactions, including proposed compensation up to Rs 25,000. Additional measures include digital payments safety papers, doubling collateral free MSME loans to Rs 20 lakh, NBFC registration exemptions, and removal of the VRR investment cap.
February 6, 2026
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Assembly walkout after minister's "humpty dumpty" remark sparked protest over alleged insult to an economist legislator.
Legislative walkout occurred after a Finance Minister repeated and expanded an opposition member's "humpty dumpty" budget critique and questioned the member's language, prompting allegations of insult to the legislator's reputation and a coordinated BJP walkout and protest in the assembly portico.
February 6, 2026
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Shared Buddhist heritage strengthens India's ties with ASEAN via cultural diplomacy, relic expositions, tourism cooperation and capacity building.
Shared Buddhist heritage is central to India's Act East Policy engagement with ASEAN, operationalised through relic expositions abroad, regular exchanges of monks, pilgrims and tourism professionals, Mekong Ganga Cooperation travel programmes, capacity building at academic institutions, participation of state governments and missions in international tourism promotion, and support for ASEAN cultural-heritage initiatives such as a feasibility study for an ASEAN Cultural Heritage List.

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Vote-on-account pro-people, unique: West Bengal Finance Minister

February 6, 2026

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Kolkata, Feb 6 (PTI) West Bengal Finance Minister Chandrima Bhattacharya on Friday said the vote-on-account tabled in the state Assembly was pro-people and unique.

Replying to a debate in the Assembly, Bhattacharya claimed that while the Union Budget had no direction and contained nothing for Bengal, the state Budget was aligned with the policy of Chief Minister Mamata Banerjee.

The state government on Thursday tabled a Rs 4.06 lakh crore interim budget for the fiscal year 2026-27, proposing an addition of Rs 500 per month for women beneficiaries under the Lakshmi Bhandar scheme and launching a Rs 1,500 monthly stipend for unemployed youth.

Referring to the comments by the leader of the opposition, Suvendu Adhikari, and economist Ashok Lahiri, the state finance minister said they were misleading the House.

"Their allegations about social welfare schemes like widow pension being scrapped to continue schemes like Lakshmir Bhandar is wrong and misleading. Lakshmir Bhandar, widow pension and old age pension are available," she said.

About Adhikari’s claim that the state had effectively shelved the previous Yuvasree project for the youth and introduced Yuvasathi in its place, Bhattacharya said the two projects were different. "While Yuvasathi, as mentioned in the Budget, would come into force immediately, the Yuvasree project would also continue," she added.

"Rs 180 crore had already been spent for Yuvasree project, which had been continuing, and those not covered under the project will get Yuvasathi if they don't have gainful employment," she said.

Taking exception to Lahiri calling the state Budget 'Humpty Dumpty', she said, "We had consistently run and introduced new social welfare projects which reached 100 already. What you (BJP) could do in 12 years?" Countering the claims of the BJP, she said West Bengal had a fiscal deficit of 2.91 per cent, while the Centre had a fiscal deficit of 4.3 per cent in its Budget.

Accusing the Centre of not releasing GST dues and freight rationalisation funds, she said the state condemned the imposition of surcharge and the taking away of its money.

Bhattacharya said the state was not getting central project dues under schemes like Jal Jeevan Mission and had to fund the projects with its own resources.

"This has forced us to go for supplementary budgets for funding projects which are to be borne on 60:40 ratio by Centre but they have blocked the funds," she said.

Stating that the vote-on-account was also aimed at uplift of tribals, SC, ST and other backward communities, she said, "We helped 12 lakh tribals financially." "When the BJP accuses us of overlooking tribals, let me say we did not see similar thinking in the central Budget," she added.

Earlier, opposing the vote-on-account, Adhikari said, "Before elections, only the existing projects are passed at vote on account. Here the vote on account has been reduced to an election leaflet." "We don't know when elections will be held, possibly during April-June, and while so many new schemes were unlawfully announced, the number of beneficiaries and how much they got in earlier projects have been clearly brushed aside," he said.

Adhikari said the new scheme for the unemployed was old wine in a new bottle as the CM had already allocated Rs 1,500 for every youth in an earlier scheme in 2013.

"In 2013, the then finance minister had announced it. The CM had said we have brought Yuvasree after Kanyashree. This will be for unemployed youth. This is total deception," he said.

"I have the record of that speech of the CM, if required I can submit it," Adhikari told the Speaker.

Adhikari said while states like Bihar and Odisha give cess on diesel, in Bengal the fuel price was rising as the state did not adopt steps under its control.

"While 74 lakh farmers are eligible under PM Kisan scheme, the state sent names of 54 lakh," he said.

Adhikari also demanded a rise in pension for former MLAs.

Calling for unity among all Sanatanis, he said once elected to power BJP would grant Rs 3,000 each month for every underprivileged woman in the state.

Later, Bhattacharya presented a motion for a supplementary grant worth over Rs 16,994 crore. PTI SUS MNB

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