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February 7, 2026
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House decorum: Debate is vital, but members must maintain dignity and follow legislative rules and procedures.
Maintaining the decorum of the House is essential: members must express views with dignity, know and follow legislative procedures, and avoid sloganeering, disruptions and entering the Well. The National e-Vidhan Application (NeVA) promotes paperless legislative processes by providing a cloud-based workflow with rules, notices, bills, questions and committee reports to aid members in conducting business transparently and efficiently.
February 7, 2026
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SBI posts record standalone profit, driven by loan growth, higher net interest income and a special dividend.
State Bank of India reported a record standalone Q3 profit of Rs 21,028 crore driven by 15.14% loan growth and higher Net Interest Income, aided by a Rs 2,200 crore special dividend from SBI Mutual Fund; deposits rose 9.02%, gross Non Performing Assets ratio improved to 1.57%, overall provisions increased, and Capital Adequacy was 14.04% with a 10.99% core buffer.
February 7, 2026
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Graduate-led tour service helps jobseekers earn a London Living Wage through flexible, part-time guided tours.
A graduate established a social-enterprise tour service to provide flexible part-time work for recent graduates, especially those on the Graduate Route visa, enabling them to earn the London Living Wage. The model offers bespoke, low-cost itineraries following a free online consultation, accommodates health and access needs, and requires payment at the meeting point. It aims to avoid exploitative zero-hour roles by delivering predictable earnings, potential tips, and mental-health support while allowing guides time to pursue formal job applications.
February 7, 2026
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Kameleo expands international presence with fast in store customised waterproof footwear and a scalable retail model aiming global growth.
Kameleo offers a rapid in store personalisation service assembling customised flip flops in under two minutes from modular style and colour options, combining comfort, waterproof durability, skin friendly materials, and accessible pricing. With a scalable retail model and 20 stores in South India, the brand plans international launches in several countries and aims to reach over 50 stores worldwide by the end of 2026, leveraging a founding team with combined business, design, and operational expertise to replicate product market fit.
February 7, 2026
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Mumbai mayoral election: BJP nominates Ritu Tawde; ally Shiv Sena names deputy with 15-month share.
Ritu Tawde filed nomination as the BJP's mayoral candidate in Mumbai while the Mahayuti alliance named a Shiv Sena corporator as deputy mayor with a 15-month term; nominations were submitted amid party leaders' presence ahead of the election, and the alliance controls 118 of 227 BMC seats, positioning it above the majority threshold.
February 7, 2026
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SBI Q3 net profit rises 13% to Rs 21,317 crore; capital adequacy and asset quality improved.
State Bank of India reported consolidated net profit of Rs 21,317 crore for Q3 FY26 (up 13.06% yoy) and standalone net profit of Rs 21,028 crore (up 24.48% yoy); standalone total income rose to Rs 1,40,915 crore and expenses to Rs 1,08,052 crore. Gross NPA ratio improved to 1.57% from 1.73% sequentially, provisions increased to Rs 4,507 crore year-on-year, and overall capital adequacy stood at 14.04% with a core buffer of 10.99% as of December 31, 2025.
February 7, 2026
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Divine Drop Festival blends traditional devotional rites with contemporary performances to broaden audience appeal.
The Divine Drop Festival integrated traditional devotional rites-Ganesh Vandana, Hanuman Chalisa, Shiv Tandav and Ganga Aarti-with contemporary performance elements (dance, live band, poetry) to shift devotional gatherings from bhajan-only formats to hybrid spiritual-cultural experiences designed to engage multiple generations.
February 7, 2026
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Maiden Rajya Sabha speech by C Sadanandan Master praised for moral strength, patriotic tone, and focus on Kerala development.
Prime Minister Narendra Modi commended BJP-nominated Rajya Sabha MP C Sadanandan Master for his maiden Upper House speech, praising its moral strength, conviction and calm presentation; noted Sadanandan's display of his artificial limbs and the allegation of a decades-old politically motivated attack; observed the MP's patriotism and focus on Kerala's development and the anticipated benefits to the state from recently presented Budget measures.
February 7, 2026
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India US interim trade framework will reduce compliance burdens and streamline exports for Indian businesses, boosting competitiveness.
The India US interim trade framework is described as a regulatory arrangement to reduce compliance burdens and streamline export procedures by eliminating repetitive testing and aligning standards, thereby lowering transaction costs and facilitating deeper integration of Indian digital products and technology components into global value chains.
February 7, 2026
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India US interim trade pact requires India to stop Russian oil imports and reduce duties on US goods, risking trade shifts.
The interim India US framework commits India to cease direct or indirect imports of Russian oil under penalty of a reinstated 25% tariff if non compliance is found, and provides for reciprocal tariff reductions: India will eliminate or reduce duties on a broad set of US industrial and agricultural goods while US duties on certain Indian goods will fall to 18%, with prompt implementation intended and further negotiation toward a Bilateral Trade Agreement.
February 7, 2026
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US India interim trade framework establishes reciprocal tariff adjustments, rules of origin, and commitments to reduce non tariff barriers.
An interim trade framework establishes reciprocal tariff and market access commitments: India will reduce or eliminate tariffs on U.S. industrial and specified agricultural goods while the United States will apply an 18 percent reciprocal tariff on designated Indian-origin goods and, subject to the Interim Agreement, remove that reciprocal tariff for a range of goods. The parties will adopt rules of origin ensuring benefits accrue predominantly to them, address long-standing non-tariff barriers including medical devices and ICT licensing, discuss standards and conformity assessment procedures, and pursue broader BTA negotiations to expand market access, digital trade rules, and economic security alignment.
February 7, 2026
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Credit derivatives: draft enables derivatives on credit indices and total return swaps; public feedback invited by Feb 27.
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February 7, 2026
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RBI invites comments on draft amendment removing prior approval for NBFC branch openings in India.
The Reserve Bank published Amendment Directions, 2026, removing the requirement of prior approval or intimation for NBFCs (including Housing Finance Companies) to open branches in India and inviting comments on the draft until February 27, 2026 via the 'Connect 2 Regulate' portal or by submission to the Registration and Authorisation Group; relevant provisions of the Directions on Acceptance of Public Deposits and Housing Finance Companies will be amended consequentially.
February 7, 2026
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Karnataka Deputy Chief Minister D K Shivakumar says elevation timing uncertain and all must abide by party high command.
Deputy Chief Minister D K Shivakumar stated that the timing of any elevation to chief ministership depends on the Congress high command, that everyone must abide by the party's decision, and he would not predict a post budget change.
February 7, 2026
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Assembly proposal condemns MLA remarks on madrasa funding; remarks expunged and opposition staged brief walkout.
Speaker allowed a government member to move a resolution condemning an opposition MLA's remarks alleging madrasa funding supports "anti-social elements" in a minority community; the Speaker said such communal comments would not be permitted, the matter is under consideration, and the contested portions of the MLA's speech were expunged from House records, prompting a brief opposition walkout and competing claims about the propriety and motive for the action.
February 7, 2026
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Vinay Kumar Dubey honoured for legal excellence, NPA resolution work and extensive social-service initiatives supporting vulnerable communities.
Vinay Kumar Dubey, Chairman of VKDL NPA Advisory Council and member of the Hindi Advisory Committee, was honoured for professional contributions, expertise in NPA resolution balancing bank, industry and public interests, and longstanding legal assistance to economically weaker sections.
February 7, 2026
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International oil smuggling disrupted by mid sea transfers; vessels seized and to be handed to customs for investigation.
An international oil smuggling syndicate using coordinated mid sea transfers to evade duties was intercepted when three vessels were boarded about 100 nautical miles west of Mumbai. Digital surveillance and vessel movement pattern analysis within the Exclusive Economic Zone identified suspects; onboard electronic data, document checks, and crew interrogation corroborated the scheme. The vessels, suspected of frequent identity changes and foreign ownership, will be escorted to Mumbai and handed to Customs and law enforcement for further investigation and action.
February 7, 2026
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Satish Gupta's Gujarat debut exhibition spotlights Ahmedabad's emergence within India's growing contemporary art market.
Satish Gupta's Gujarat debut solo exhibition 'Haiku of a Still Mind' at Bespoke Art Gallery in Ahmedabad is presented as the state's first museum-quality solo show of his spiritually rooted work, curated by Devin Gawarwala, featuring paintings and metal sculptures priced between Rs. 5 lakh and Rs. 5 crore and positioned as a milestone within a national market projected to reach Rs. 5,000 crore by 2030 amid rising domestic collectors, HNW participation, and institutional buying.
February 7, 2026
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Voter deletions in India via roll-revision risk excluding marginalised citizens absent transparency and safeguards.
The article argues that the Election Commission's Special Intensive Revision can operate as a mechanism for widespread voter deletions-through classifications like deaths, migration or "logical discrepancy"-disproportionately affecting marginalised groups. It notes state-level resistance and court challenges reframing timing, implementation and bias as issues of transparency and accountability, and warns that without safeguards and scrutiny such exercises risk becoming tools for electoral exclusion.
February 7, 2026
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Oil smuggling operation intercepted mid-sea; three vessels detained and set for handover to customs and enforcement agencies.
Coast Guard forces interdicted three vessels after digital maritime surveillance detected an illicit ship-to-ship transfer about 100 nautical miles offshore; boardings, document verification, electronic data corroboration, and crew interviews established a syndicate modus operandi involving vessel identity changes to evade customs duties, and the vessels were detained for handover to customs and enforcement agencies for further legal processes.

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Customs & Trade

Iran, US hold indirect talks in Oman; America's military leader in Mideast joins talks

February 7, 2026

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Muscat, Feb 7 (AP) Iran and the US have held indirect talks in Oman, in negotiations that appeared to return to the starting point on how to approach discussions over Tehran's nuclear programme. But for the first time, America brought its top military commander in the Middle East to the table.

The presence of US Navy Adm Brad Cooper, head of the military's Central Command, in his dress uniform at the talks in Muscat, the Omani capital, on Friday served as a reminder that the aircraft carrier USS Abraham Lincoln and other warships were now off the coast of Iran in the Arabian Sea.

President Donald Trump said the United States had “very good” talks on Iran and said more were planned for early next week. But he kept up the pressure, warning that if the country didn't make a deal over its nuclear programme, “the consequences are very steep”.

“Iran looks like they want to make a deal very badly — as they should,” Trump told reporters aboard Air Force One as he headed to his Florida golf club late Friday. He suggested Iran was willing to “do more” than in previous talks but did not give details.

Asked how long he was willing to wait for a deal, Trump said: “We have plenty of time. If you remember Venezuela, we waited around for a while. We're in no rush." The Trump administration built up a huge military presence in the Caribbean Sea in the months before a US raid captured then-Venezuelan President Nicolas Maduro in January.

Trump has repeatedly threatened to use force to compel Iran to reach a deal on the programme after earlier sending the carrier to the region amid Tehran's bloody crackdown on nationwide protests that killed thousands and saw tens of thousands of others detained in the Islamic Republic.

Gulf Arab nations fear an attack could spark a regional war that would drag them in as well.

That threat is real — US forces shot down an Iranian drone near the Lincoln and Iran attempted to stop a US-flagged ship in the Strait of Hormuz just days before Friday's talks in this sultanate on the eastern edge of the Arabian Peninsula.

“We did note that nuclear talks and the resolution of the main issues must take place in a calm atmosphere, without tension and without threats,” Iranian Foreign Minister Abbas Araghchi later told journalists.

“The prerequisite for any dialogue is refraining from threats and pressure,” he added.

Araghchi said diplomats would return to their capitals, signalling this round of negotiations was over. The US was represented by Mideast special envoy Steve Witkoff and Jared Kushner, Trump's son-in-law.

In a display of force, the US military published photos on X of the Lincoln carrier group sailing in the Arabian Sea with aircraft flying overhead, with the message “Peace through Strength!” Araghchi offered cautious optimism as he spoke in a live interview from Muscat on Iranian state television. He said Friday's talks were focused primarily on finding a framework for further negotiations.

“We will hold consultations with our capitals regarding the next steps, and the results will be conveyed to Oman's foreign minister,” Araghchi said.

“The mistrust that has developed is a serious challenge facing the negotiations,” Araghchi said. “We must first address this issue, and then enter into the next level of negotiations.” Omani Foreign Minister Badr al-Busaidi, who oversaw multiple rounds of negotiations before Israel launched its 12-day war on Iran in June, called the talks “useful to clarify both the Iranian and American thinking and identify areas for possible progress.” The talks had initially been expected to take place in Turkey in a format that would have included regional countries as well, and would have included topics like Tehran's ballistic missile programme — something Iran apparently rejected in favour of focusing only on its nuclear programme.

Before the June war, Iran had been enriching uranium up to 60% purity, a short, technical step away from weapons-grade levels. The UN nuclear watchdog — the International Atomic Energy Agency — had said Iran was the only country in the world to enrich to that level that wasn't armed with the bomb.

Iran has been refusing requests by the IAEA to inspect the sites bombed in the June war, raising the concerns of nonproliferation experts. Even before that, Iran has restricted IAEA inspections since Trump's decision in 2018 to unilaterally withdraw America from Iran's 2015 nuclear deal with world powers.

Friday's talks saw in-person meetings at a palace near Muscat's international airport, used by Oman in earlier talks Iran-US talks in 2025. Associated Press journalists saw Iranian officials first at the palace and later returning to their hotel before the Americans came separately.

It remains unclear just what terms Iran is willing to negotiate at the talks. Tehran has maintained that these talks will only be on its nuclear programme. However, the Al Jazeera satellite news network reported that diplomats from Egypt, Turkey and Qatar offered Iran a proposal in which Tehran would halt enrichment for three years, send its highly enriched uranium out of the country and pledge “not initiate the use of ballistic missiles”.

Russia had signalled it would take the uranium, but Iran has said ending the programme or shipping out the uranium were nonstarters.

US Secretary of State Marco Rubio said Wednesday that the talks needed to include all those issues.

Shortly after Friday's talks, the US Treasury and the State Department announced a new round of sanctions on Iran targeting its energy sector, imposing penalties, including freezes on assets in US jurisdictions, on 14 oil tankers in a so-called “shadow fleet” that the US says are used to try to evade sanctions, as well as on 15 trading firms and two business executives.

Trump also signed an executive order that says an import tax of potentially 25% “may” be imposed on goods from countries that buy oil from Iran. The order does not specifically impose tariffs so much as give the president the legal basis for levying them starting Saturday.

It says the potential tariffs can be removed if Iran or the foreign buyers of its oil align themselves with US interests on national security, foreign policy and economic issues.

In the past month, the US also has sanctioned Iran's interior minister, the secretary of the Supreme Council for National Security, and several other leaders involved in Iran's deadly crackdown against last month's protests. (AP) SCY SCY

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