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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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J-K CM defends 'manifesto-driven' Budget; BJP calls it partisan, disappointing

February 7, 2026

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Jammu, Feb 6 (PTI) Jammu and Kashmir Chief Minister Omar Abdullah on Friday defended his government's second Budget, asserting that it was only natural for it to reflect the National Conference's priorities and manifesto commitments.

Presenting a Rs 1.27 lakh crore Budget for 2026-27 in the Legislative Assembly, Abdullah said the financial plan aimed to lay a strong foundation for sustainable growth, social harmony and economic prosperity in the Union Territory.

The BJP and the PDP slammed the Budget, calling it partisan and disappointing, while the Congress said the Jammu and Kashmir government was aiming to meet public expectations within limited resources. Both the NC and the Congress had fought the 2024 Assembly polls together.

Addressing a post-Budget press conference, Abdullah dismissed the opposition's criticism, saying they could not "have it both ways" by accusing the government of failing to deliver on its promises and then objecting when those promises were implemented.

"I am not apologetic at all about the allegation that this is a National Conference-centric budget. I would have been devastated if someone had said it was a BJP-centric budget. This is a National Conference government. I’m sorry, but the opposition cannot have it both ways," the chief minister said.

"They keep telling me that I am not fulfilling my manifesto or their manifesto. And then, when I actually begin fulfilling my manifesto promises, they turn around and say this is a National Conference-centric budget," he added.

Abdullah said the NC had a presence in every village across Jammu and Kashmir and was the only political party capable of delivering balanced growth and representation.

Taking a swipe at the opposition, he said its role was to oppose, adding that even positive initiatives were criticised because the opposition aspired to occupy the seats of power but had so far failed to do so.

However, the BJP launched a sharp attack on the Budget, with Leader of Opposition Sunil Sharma terming it "disgusting and disappointing", alleging that it shattered the hopes and aspirations of all sections of society.

He accused the government of preparing a partisan document that disproportionately benefits constituencies represented by ruling party MLAs while completely neglecting the genuine concerns of the common people.

“The budget fails to address the long-pending issues of daily wagers, who have been offered only ‘toffees’ instead of meaningful relief or regularisation. It shows no serious commitment toward providing employment opportunities to the unemployed youth of Jammu and Kashmir,” he said, describing the budget as “disgusting and disappointing”.

"The government is merely showcasing centrally sponsored schemes as its own achievements while failing to bring any substantial new initiatives or relief measures for the people of J&K,” Sharma said.

Jammu and Kashmir BJP President and Rajya Sabha MP Sat Sharma termed the budget “lacklustre, directionless and nothing more than a recycled compilation of centrally sponsored schemes”, alleging that it exposed “hollow governance and broken promises” of the NC government.

"The government is repackaging central initiatives without introducing new policies suited to local needs," he said.

BJP MLA Shagun Parihar said the Budget failed to offer solutions to the problems faced by people.

Echoing similar views, Peoples Democratic Party (PDP) MLA Waheed-ur-Rehman Para termed the Budget “very disappointing”, stating that it lacked measures for daily wagers, employees, unemployed youth and farmers.

"The expectations of the general public from this budget were very high... It is a very disappointing Budget. Unfortunately, we had hoped that issues related to daily wagers, employees, the unemployed, and farmers would be addressed," he said.

The Jammu and Kashmir unit of the Congress termed the Budget as an effort by the government to address the development, welfare and employment needs while attempting to meet public expectations within limited financial resources.

“The budgetary proposals aim to address developmental, welfare and employment needs, keeping in view the limited scope within the resources available to the UT government, as stated by the chief minister himself,” Pradesh Congress Committee (PCC) chief spokesperson Ravinder Sharma said.

In his preliminary reaction to the budget, he said the government's priorities appear to be aligned with meeting public needs and expectations, but the Union Territory requires substantial financial support from the Centre in view of its peculiar circumstances and the prolonged period of political uncertainty.

The Congress leader said the Centre must step forward to address the special needs of Jammu and Kashmir, particularly in view of the high unemployment rate, the near absence of a private sector, and the large number of semi-employed or temporarily employed youth awaiting regular absorption.

He said these challenges, coupled with other disadvantages faced by young people in the Union Territory, persist despite the “big promises” made by the BJP-led Centre in August 2019 at the time of the abrogation of Article 370 and bifurcating the erstwhile state into two UTs.

However, Sharma said there needs to be more clarity with regard to the issue of daily wagers and other such categories of workers and employees awaiting regularisation after several years of service.

Meanwhile, Indian Chamber of Commerce (ICC) Jammu Chapter Chairman Rahul Sahai welcomed the Budget, saying that despite reduced GST collections, the government had presented a balanced plan within available resources.

He said additional funding of Rs 1,400 crore under the SASCI scheme, projected Gross State Domestic Product growth of 11 per cent, and infrastructure initiatives such as round-the-clock power supply by 2028, development of a water park at Jagti and expansion of Jambu Zoo. PTI TAS/AB RHL

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