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February 6, 2026
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Jammu and Kashmir budget secures SASCI interest-free loans and mandates SPARSH/Aadhaar DBT to streamline funding.
Jammu and Kashmir's budget secures inclusion in the Special Assistance to States for Capital Investment (SASCI) scheme for 50 year interest free loans, reports utilisation and matching approvals for capital and disaster works, and implements financial-administration reforms including the SPARSH payment system and mandatory Aadhaar-based direct benefit transfers to streamline fund flow and bill processing.
February 6, 2026
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CyFi units improve detection of cyber and financial crimes in Navi Mumbai, raising detection rates and expanding CCTV infrastructure.
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February 6, 2026
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Proposed anti-hate speech law aims to criminalise hateful statements; critics warn it may be used to target political rivals.
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February 6, 2026
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TVK chief Vijay's challenge to a Rs 1.50 crore tax penalty failed on the ground that the penalty was within the limitation period.
The court held that the period of limitation for imposing the penalty is computed from the end of the month in which the appellate order is received, with a six month window; treating receipt of the ITAT order (dated December 22) as the trigger, the six month period expired on 30.06.2022 and the penalty order dated 30.06.2022 therefore fell within the prescribed limitation period.
February 6, 2026
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Haryana to launch a block-level mental health scheme, expand infrastructure, strengthen digital health systems and train staff.
Launch of a block-level mental health scheme to integrate mental healthcare into primary public health services, improve access across urban and rural areas, and strengthen digital health systems. Operational measures include completion of infrastructure projects, expansion of critical care capacity, and enhanced training for medical staff; the programme is supported by increased state health budget allocations and concurrent projects under state funding and the National Health Mission.
February 6, 2026
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West Bengal welfare budget defends expansive social spending, claiming major poverty reduction and targeted farmer transfers.
The interim welfare budget emphasizes sustained social spending and targeted transfers to reduce poverty and unemployment, citing a 1.72 crore poverty reduction claim and a 45.65% decline in unemployment for those aged 15+ between 2017-18 and 2023-24. Core measures include near-universal food and health coverage under Khadya Sathi and Swasthya Sathi, Rs 27,016 crore disbursed to 1.10 crore farmers under Krishak Bandhu, Kharif 2025 payouts, irrigation fee waivers, increased ASHA/ICDS honoraria and benefits, expanded support for gig workers, and contested central dues to the state.
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Transform Gadchiroli into a green steel hub by creating a comprehensive steel ecosystem to produce competitively priced steel, establish multiple industrial magnet hubs, and progress initial MoUs and large private investments. Complementary initiatives include an integrated automobile facility, integrated textile parks, an aviation training school, targeted skills development for industry, and three upcoming industrial clusters aimed at fostering export-oriented industries and regional economic contribution.
February 6, 2026
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Nirav Modi's bid to postpone a Bank of India civil trial over health and prison constraints was rejected.
An adjournment application based on severe vision loss, clinical depression and prison constraints was refused because the defendant would not suffer a substantial disadvantage nor be denied equality of opportunity in the imminent eight day Bank of India trial; the court criticised late notice and repeated delay tactics, treated operational failings by the Prison Service as unsatisfactory but not dispositive, and dismissed a late challenge to a purported personal guarantee.
February 6, 2026
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Kerala CM accuses Congress over Sabarimala gold case, questions need for a CBI probe and criticises Centre on high-speed rail project
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February 6, 2026
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The Reserve Bank kept benchmark rates unchanged and announced a consumer compensation cap of Rs 25,000 for digital banking fraud victims; the Supreme Court will examine applying the right to be forgotten to online news while enhancing compensation awards in fatality cases; the election authority rescheduled final electoral rolls and extended objections periods; and the foreign ministry is coordinating with foreign authorities for the release of abducted nationals.
February 6, 2026
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Rupee depreciation against the US dollar was driven by external factors including geopolitical uncertainty over US-Iran talks and rising global crude prices; this weakened the currency to 90.65 despite an earlier intraday appreciation. The Reserve Bank maintained the repo rate, a monetary policy pause that temporarily supported the rupee but did not prevent losses caused by sustained foreign fund outflows; outcome: the rupee closed lower. Concurrently, foreign institutional investment flows and a substantial increase in the forex reserves to a record high materially affected market liquidity and exchange rate dynamics, reinforcing the interplay between capital flows and exchange rate movements.
February 6, 2026
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Eknath Khadse land deal: non-bailable warrant issued after failure to appear in money laundering probe.
Non-bailable warrants were issued after the court rejected vague, undocumented exemption claims and ordered appearance for charge framing in a money laundering prosecution arising from an allegedly undervalued government land purchase; the court found prima facie material of criminal misconduct and sufficient evidence to proceed to trial, and adjourned the matter while similar warrants exist in a related anti-corruption matter.
February 6, 2026
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IndiGo plane experienced landing gear lever issue; manual mode used and aircraft landed safely before resuming flights.
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February 6, 2026
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Trade deals opposed by unions seeking mass participation in Feb 12 strike over labour codes and agricultural guarantees.
Major workers' and farmers' organisations oppose recent India foreign trade negotiations and domestic policy measures as threats to agriculture, industry, employment and policy autonomy, alleging lack of transparency and stakeholder consultation; they demand parliamentary scrutiny, a legal guarantee of MSP, and rollback of the VB G RAM G Act, while contesting four labour codes as undermining association and collective bargaining rights and objecting to liberalisation measures across insurance, seeds, electricity, education and nuclear liability.
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Economy is stronger with stable inflation; central bank signals policy rates likely to stay low and sustain liquidity.
The central bank views growth as improving with stable inflation and expects policy rates to remain low for an extended period; the MPC split on stance with one member for "accommodative" and five for "neutral". Inflation volatility reflects base effects, food prices and commodity moves while core inflation shows no broad pressures. The bank revised up GDP forecasts partly due to an anticipated trade deal, denied active sales of US treasuries though reserve changes can affect holdings, and pledged ongoing liquidity to ensure transmission across credit, money and bond markets. It welcomed liberalisation of foreign investment in insurance and a tax holiday for data centres, and highlighted liquidity and stable funding ratios over cyclical credit-deposit concerns.
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.
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February 6, 2026
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AAP leader Lucky Oberoi shot dead in Jalandhar; police pursuing leads, technical analysis and charges filed.
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February 6, 2026
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Jammu and Kashmir tourism budget proposes Rs 180 crore for Amarnath Yatra and increased tourism infrastructure funding.
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Jammu and Kashmir seeks economic self-reliance through multi-sector budgets prioritising agriculture, dairy, tourism and infrastructure investments.
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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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