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    Interest rates to remain at low level for long period of time: RBI Guv
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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.
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.
The text reports a DeepSnitch AI presale raising $1.48M with tiered allocation bonuses (up to 300%) and utility claims via multi agent AI tools, and describes Strium, a new layer 1 blockchain for institutional trading of FX, tokenized equities and RWAs that will enable compliant dividend and royalty payments and require KYC and local compliance checks before issuance, with a proof of concept focused on settlement efficiency, resilience, and interoperability ahead of a public testnet.
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.
Agricultural carbon credits monetise practices that sequester soil and biomass carbon, offering mitigation potential and farmer income only if supported by robust measurement and verification, fair revenue-sharing, aggregation models, and policy measures; concentrated market control by large aggregators-including firms with input-intensive histories-creates risks of information asymmetry, value capture by intermediaries, and greenwashing, requiring transparency, independent verification, and safeguards to ensure benefits reach farmers and address drivers of soil degradation.
February 6, 2026
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Enforcement Directorate files chargesheet over alleged money laundering in R G Kar Hospital financial irregularities.
The Enforcement Directorate submitted a chargesheet under the Prevention of Money Laundering Act following an ECIR tracing an alleged illicit money trail relating to financial irregularities at R G Kar Medical College and Hospital; accused Sandip Ghosh remains in judicial remand after arrest by the CBI.
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.
Joyville Shapoorji Housing launches Shapoorji Pallonji One Estate: an 8 acre enclave of 180 premium row houses within Joyville Howrah that pairs private ownership with a managed gated community. The project features landscaped open spaces, communal outdoor areas, a clubhouse with 25+ amenities, on site retail, and strategic connectivity to major transport nodes and arterial roads, presented as part of the developer's ongoing gated community housing platform emphasising livability, security and infrastructure quality.
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.

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Abdullah announces wide-ranging welfare, infra, governance initiatives in J&K Budget

February 6, 2026

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Jammu, Feb 6 (PTI) Jammu and Kashmir Chief Minister Omar Abdullah on Friday announced a slew of welfare, infrastructure and governance initiatives aimed at boosting social justice, inclusive growth and targeted relief for vulnerable sections of society.

While presenting the Rs 1.27 lakh crore budget for 2026-27, Abdullah said his government has identified several focused initiatives that will directly improve the lives of people across sectors, including handicrafts, agriculture, healthcare, education, social welfare and infrastructure.

The chief minister said the government will enhance budgetary support to the Jammu and Kashmir Trade Promotion Organisation (JKTPO) to promote handicrafts and handloom products through regular buyer-seller meets to create direct market linkages for artisans.

He said financial support of up to Rs 200 crore has been secured for the construction of a Unity Mall, which will function as a Crafts Bazaar and provide a permanent platform for local handicrafts and traditional enterprises from across the country.

Abdullah also announced major financial management reforms, stating that all Centrally Sponsored Schemes have been transitioned to the SPARSH system, with Aadhaar-based Direct Benefit Transfers made mandatory.  He proposed modernisation of Accountancy Training Institutes in Srinagar and Jammu at a cost of Rs 10 crore and said the government has submitted a proposal to avail Rs 350 crore under incentive schemes.

Addressing staffing challenges in remote areas, the chief minister said the government is contemplating a structured incentive scheme for employees posted in far-flung and hardship areas to improve retention and service delivery.

He further announced that industrial units availing government concessions will be required to prioritise employment of local youth to ensure that industrial growth translates into jobs for residents of the Union Territory.

In the agriculture and horticulture sector, Abdullah announced the implementation of the Restructured Weather-Based Insurance Scheme with an insured sum of Rs 6,594.93 crore for crops, including apple, saffron, mango and litchi.

He also said additional Controlled Atmosphere storage capacity will be created and 40 new CA stores will be set up with an investment of Rs 1,400 crore, with government subsidy support of Rs 600 crore.

The chief minister announced a 25 per cent top-up subsidy for micro and sprinkler irrigation with an allocation of Rs 116.86 crore, expected to benefit farmers across three lakh hectares. He also announced an Aromatic and Medicinal Plants Mission with an outlay of Rs 150 crore.

To boost livestock quality, Abdullah proposed setting up Embryo Transfer Technology labs in every district with an investment of Rs 65 crore.

In the education sector, he said the government has launched the JK e-Pathshala DTH channel to provide curriculum-based lessons for students from Class 1 to 12 without internet dependency. He also announced indoor games facilities in all government schools with an allocation of Rs 18 crore.

The chief minister proposed upgrading 1,000 Anganwadi centres into Bal Vidyalayas and constructing 127 new centres to strengthen early childhood care infrastructure.

Abdullah also announced Rs 70 crore in scholarship support for over three lakh tribal students and financial assistance to promote tribal homestays and artisan clusters.

In healthcare, he said the extension block of Lal Ded Hospital in Srinagar will be commissioned in 2026-27, while a 249-bedded Mother and Child Care Hospital will be constructed at GMC Anantnag. Emergency Medicine Departments will be established in all government medical colleges, he said.

The chief minister announced the strengthening of cardiac care by establishing Cath Labs at Government Medical Colleges in Rajouri, Baramulla and Doda. He also said the government will roll out a comprehensive Cancer Control Strategy in collaboration with Niti Aayog and ICMR.

Abdullah proposed establishing two dedicated emergency and accident hospitals in Uri and Poonch, besides the procurement of bulletproof ambulances for border districts.

Among social welfare measures, he announced the extension of free government transport facilities to persons with disabilities, full fee waiver for students from AAY families studying in Classes 9 to 12 and government degree colleges, and a sponsorship scheme for 6,000 orphan children with a monthly assistance of Rs 4,000 through Direct Benefit Transfer.

The chief minister also announced the provision of six free LPG cylinders per year to AAY households to reduce the energy burden and improve the living conditions of economically weaker sections. PTI AB MR BAL BAL

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