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February 7, 2026
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MSIL launches app to digitise chit fund transactions with UPI payments, online bidding and expanded agent networks.
MSIL launched a software platform and mobile app to digitise chit fund transactions-integrating UPI and online bidding-to enhance transparency and reduce fraud, expand access via appointed agents including women self help group Sakhis and retail outlets, prioritise rural outreach and government employees, and implement a Vision 2030 roadmap supported by CSR funding to scale operations.
February 7, 2026
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Quantum computers will launch in Amaravati to seed a regional hub for research, local manufacturing, and talent development.
The Amaravati Quantum Valley will host two indigenous quantum computers as reference facilities on April 14, integrating industry-academia-government MoUs, quantum cloud services, an innovation centre, and a talent hub to position the region as a centre for quantum research, local component manufacturing, talent development, and applications in quantum medicine and biology under the broader National Quantum Mission.
February 7, 2026
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Income tax draft rules and simplified smart forms released; public comments invited by Feb 22.
The tax department released draft rules and forms under the new Income Tax Act, 2025, inviting stakeholder comments and aiming to simplify and consolidate the regulatory framework. The draft rules reduce redundancies, standardise common information, and introduce smart forms with prefill and automated reconciliation. Two navigators map old rules/forms to the new drafts. The proposals rationalise perquisite thresholds and revise the definition of Accountant for certification, linking it to experience and revenue criteria, with separate thresholds for entities providing accountancy or valuation services.
February 7, 2026
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Sabarimala gold loss case: BJP pledges to pursue justice as SIT probe and arrests continue.
A Special Investigation Team formed following judicial direction is probing two cases about gold missing from guardian deity idols and sanctum doorframes at the Sabarimala shrine; the probe has led to the arrest of 12 persons, including two former Devaswom Board presidents. The BJP has pledged to pursue justice in the matter and has made the investigation and resulting arrests a central part of its political campaign narrative.
February 7, 2026
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India Semiconductor Mission 2.0 will prioritise indigenous chip design and talent development, backed by Rs 1,000 crore.
India Semiconductor Mission 2.0 will prioritise indigenous chip design, productisation, ecosystem partner engagement and talent development, backed by Rs 1,000 crore for FY 2026-27 and an emphasis on industry led research and training centres. The programme targets support for production at the 2 nanometer node, integration of equipment and materials suppliers, deployment of EDA tools across institutions, and explicit talent objectives including an 85,000 person ten year target and substantial early progress already recorded.
February 7, 2026
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India-US interim trade framework reduces import duties to boost two-way trade and expand market access.
India and the United States have reached a framework for an interim bilateral trade agreement in which both parties will reduce import duties on selected goods to boost two way trade and expand market access, including for American farmers; this forms part of a series of trade deals that Indian officials say reinforce India's role as a trusted partner.
February 7, 2026
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India-US trade agreement establishes reciprocal tariff cuts and duty removals to expand market access and two way trade.
Interim bilateral trade framework sets reciprocal tariff adjustments: the United States will reduce tariffs on specified Indian goods to 18% from about 50%, and India will eliminate or reduce import duties on all American industrial goods and a specified list of agricultural and food products, as the first phase of the broader Bilateral Trade Agreement, with formal signing expected by mid March.
February 7, 2026
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Mumbai mayoral election: BJP candidate Ritu Tawde nominated unopposed under a woman open-category reservation, process to proceed.
BJP's Ritu Tawde was nominated unopposed for Mumbai mayor after other parties did not file competing nominations by the filing deadline; the post was made reserved for a woman from the open category by a draw of lots. Officials recorded single nominations for mayor and deputy mayor before the deadline and the municipal election process will continue according to the scheduled withdrawal and procedural dates.
February 7, 2026
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State Bank of India's profit boosted by a Rs 2,200 crore mutual fund dividend amid stronger loan growth and regulatory support.
A Rs 2,200 crore special dividend from the IPO bound mutual fund arm materially lifted standalone net profit and non interest income. The bank raised its FY loan growth target to 13-15% amid 15.14% loan growth, a 72% credit deposit ratio, excess government securities holdings, and a large sanctioned loan pipeline. Management flagged regulatory support from RBI measures allowing bank lending to REITs and an RBI stance on compensating defrauded customers, while asset quality improved and capital adequacy stood at 14.04%.
February 7, 2026
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Partition of India occurred due to forgetting Hindu sentiment, and Hindutva preserves cultural unity, says RSS chief.
Mohan Bhagwat contended that the partition resulted from a neglect of collective Hindu sentiment and maintained that Hindutva need not displace personal religious practice, language or food habits, framing it instead as a guarantee of individual safety within the nation. He promoted dialogue to address factual criticisms of the RSS, opposed reliance on perception or propaganda, advocated balanced swadeshi with global interdependence (not tariff-driven), and called for social measures-family dialogue, self-pride and self-awareness-to strengthen peaceful co-existence.
February 7, 2026
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Ride-hailing drivers protest for minimum base fares and a ban on non-commercial vehicles operating commercially.
Drivers staged a coordinated partial stoppage refusing some bookings during demand surges to protest dynamic fare increases and to demand that the government notify a minimum base fare, and to bar use of non-commercial vehicles for commercial passenger and goods transport, pressing regulators to establish fare slabs and clarify vehicle classification.
February 7, 2026
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Assembly microphone cut off during a minister's speech, raising questions about speaking list rules and speaker discretion.
A minister's microphone was switched off while speaking because his name was not on the original speakers' list; the Speaker acknowledged the omission but exercised discretion to allot four minutes, after which warning and cutoff lights activated and the microphone was reportedly silenced, prompting visible displeasure and a subsequent cordial recess meeting with the Speaker.
February 7, 2026
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Indo US trade deal will expand market access, boost jobs and support Make in India while regional security concerns persist.
The Lieutenant Governor of Ladakh characterises the recent Indo US trade agreement as advancing India's economic objectives by expanding market access, benefiting farmers, creating jobs, and supporting initiatives such as Make in India and startup promotion toward a 'Viksit Bharat' by 2047. He condemns a terrorist bombing in Pakistan, attributes regional instability to Pakistan's security institutions undermining civilian governance, and links defence and technological progress to national advancement.
February 7, 2026
Show AI Summary
US-India trade pact cuts or eliminates tariffs on many goods while addressing non-tariff barriers to trade.
The bilateral framework provides for immediate and phased tariff elimination and reduction on numerous industrial, food, agricultural, medical, and high-value goods, while preserving targeted protections such as minimum import prices. It also requires both parties to address non-tariff barriers, reform restrictive licensing for ICT goods, and establish quota-based and phased modalities; reciprocal zero-tariff access in the partner market is granted for a specified list of Indian agricultural and processed food exports.
February 7, 2026
Show AI Summary
India US trade framework supports MSME integration, cuts tariffs and opens markets while protecting sensitive agricultural sectors.
The India US Interim Agreement framework modifies bilateral market access and duties to support MSME integration and reduce business costs: the US will cut tariffs on specified Indian goods to 18%, India will eliminate or lower duties on a wide range of US industrial and agricultural products, and India intends to purchase USD 500 billion of US goods over five years; the framework preserves safeguards for sensitive agricultural and dairy sectors and includes joint technology cooperation to position India as a hub for AI, data and digital services.
February 7, 2026
Show AI Summary
Election projection: national party claims it will form government, citing increased funding and budget-driven development plans.
The national party asserts it will form the state government, citing a 23% rise in loans and doubled grants-in-aid as evidence of supportive central funding and linking the Viksit Bharat Budget 2026 to growth in Tourism, a Rare Earth Corridor, and High-Value Crops; it accuses prior administrations of sectoral stagnation, raises national security concerns over alleged local support for Islamist forces, and pledges cultural protection, empowerment of women, youth and farmers, and business-friendly measures.
February 7, 2026
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Bengaluru-Mumbai premium train service announced; Centre seeks state support for land acquisition under cooperative federalism.
Central projects, including a premium Bengaluru-Mumbai service and suburban rail expansion, depend on state cooperation for land acquisition under a policy of cooperative federalism; administrative prerequisites such as design approvals, tendering, testing, and electrification certification are reported as advanced for several services.
February 7, 2026
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India-US interim trade framework preserves agriculture and dairy while lowering tariffs and expanding market access for exporters and MSMEs.
The BJP defends the India-US interim trade framework as preserving sensitive agriculture and dairy sectors while reducing reciprocal tariffs to 18 percent and granting zero-tariff access in sectors such as generic pharmaceuticals, gems and diamonds, and aircraft parts, thereby boosting export competitiveness, supporting MSMEs, farmers and fishermen, and expanding market access and employment opportunities.
February 7, 2026
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India and the US agreed a framework reducing reciprocal tariffs and committing to phased duty eliminations and regulatory cooperation.
The United States and India reached a framework for an Interim Agreement in which the US will reduce tariffs on specified Indian goods to 18% and India will eliminate or reduce duties on a wide range of US industrial, food and agricultural products, with immediate eliminations, phased reductions, quota-based concessions, sector-specific tariff relief (including zero tariffs on generic pharmaceuticals, gems and aircraft parts), regulatory cooperation on standards and commitments to address non-tariff barriers.
February 7, 2026
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Jammu and Kashmir hydropower development urged; Centre brings region under SASCI with 50-year interest-free capital loans.
The Union Home Minister directed full utilisation of Jammu and Kashmir's hydropower projects and 100 per cent saturation of government welfare schemes, while the Centre brought the territory under the SASCI scheme for FY 2025-26 to enable access to 50-year interest-free loans for capital projects and emphasised fiscal discipline and targeted investments such as sports infrastructure and dairy sector promotion.

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Trump's racist post about Obamas deleted after backlash despite WH earlier defending it

February 7, 2026

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Washington, Feb 7 (AP) President Donald Trump's racist social media post featuring former President Barack Obama and his wife, Michelle Obama, as primates in a jungle was deleted after a backlash from both Republicans and Democrats who criticised the video as offensive.

Trump said later Friday that he won't apologise for the post: “I didn't make a mistake,” he said.

The Republican president's Thursday night post was blamed on a staffer after widespread backlash, from civil rights leaders to veteran Republican senators, for its treatment of the nation's first Black president and first lady.

A rare admission of a misstep by the White House, the deletion on Friday came hours after press secretary Karoline Leavitt dismissed “fake outrage” over the post. After calls for its removal - including by Republicans - the White House said a staffer had posted the video erroneously.

The post was part of a flurry of overnight activity on Trump's Truth Social account that amplified his false claims that the 2020 election was stolen from him, despite courts around the country and Trump's first-term attorney general finding no evidence of systemic fraud.

Trump has a record of intensely personal criticism of the Obamas and of using incendiary, sometimes racist, rhetoric - from feeding the lie that Obama was not a native-born US citizen to crude generalisations about majority-Black countries.

The post came in the first week of Black History Month and days after a Trump proclamation cited “the contributions of black Americans to our national greatness” and “the American principles of liberty, justice, and equality”.

An Obama spokeswoman said the former president, a Democrat, had no response.

Nearly all of the 62-second clip appears to be from a conservative video alleging deliberate tampering with voting machines in battleground states as 2020 votes were tallied. At the 60-second mark is a quick scene of two jungle primates, with the Obamas' smiling faces imposed on them.

Those frames originated from a separate video, previously circulated by an influential conservative meme maker. It shows Trump as “King of the Jungle” and depicts Democratic leaders as animals, including Joe Biden, who is white, as a jungle primate eating a banana.

“This is from an internet meme video depicting President Trump as the King of the Jungle and Democrats as characters from the Lion King,” Leavitt said by text.

Disney's 1994 feature film that Leavitt referenced is set on the savannah, not in the jungle, and it does not include great apes.

“Please stop the fake outrage and report on something today that actually matters to the American public,” Leavitt added.

By noon, the post had been taken down, with responsibility placed on a Trump subordinate.

Trump, answering questions from reporters accompanying him Friday night aboard Air Force One, said the video was about fraudulent elections and that he liked what he saw.

“I liked the beginning. I saw it and just passed it on, and I guess probably nobody reviewed the end of it,” he said.

Asked if he condemned the video's racism, Trump said, “Of course I do.” The White House explanation raises questions about control of Trump's social media account, which he's used to levy import taxes, threaten military action, make other announcements and intimidate political rivals. The president often signs his name or initials after policy posts.

The White House did not immediately respond to an inquiry about how posts are vetted and when the public can know when Trump himself is posting.

Mark Burns, a pastor and a prominent Trump supporter who is Black, said Friday on X that he'd spoken “directly” with Trump and that he recommended to the president that he fire the staffer who posted the video and publicly condemn what happened.

“He knows this is wrong, offensive, and unacceptable,” Burns posted.

Congressional Black Caucus Chairwoman Yvette Clarke told The Associated Press she does “not buy the White House's commentary”.

“If there wasn't a climate, a toxic and racist climate within the White House, we wouldn't see this type of behavior regardless of who it's coming from,” Clarke said, adding that Trump “is a racist, he's a bigot, and he will continue to do things in his presidency to make that known”.

Trump and White House social media accounts frequently repost memes and artificial intelligence-generated videos. As Leavitt did Friday, Trump allies typically cast them as humorous.

This time, condemnations flowed from across the spectrum - along with demands for an apology that doesn't appear to be coming.

At a Black History Month market in Harlem, the historically Black neighbourhood in New York City, vendor Jacklyn Monk said Trump's post was embarrassing even if it was eventually deleted.

“The guy needs help. I'm sorry he's representing our country... It's horrible that it was this month, but it would be horrible if it was in March also.” In Atlanta, Rev Bernice King, daughter of the assassinated civil rights icon Martin Luther King Jr, resurfaced her father's words: “Yes. I'm Black. I'm proud of it. I'm Black and beautiful.” Black Americans, she said, “are beloved of God as postal workers and professors, as a former first lady and president. We are not apes.” The US Senate's lone Black Republican, Tim Scott of South Carolina, called on Trump to take down the post. “Praying it was fake because it's the most racist thing I've seen out of this White House,” said Scott, who chairs Senate Republicans' midterm campaign arm.

Another Republican, Sen Roger Wicker of Mississippi, is white but represents the state with the largest percentage of Black residents. Wicker called the post “totally unacceptable” and said the president should apologise.

Some Republicans who face tough reelections this November voiced concerns, as well. The result was an unusual cascade of intra-party criticism for a president who has enjoyed a stranglehold over fellow Republicans who stayed silent during previous Trump controversies for fear of a public spat with the president or losing his endorsement in a future campaign.

NAACP President Derrick Johnson called the video “utterly despicable” and pointed to Trump's wider political concerns that could help explain Republicans' willingness to speak out. Johnson asserted that Trump is trying anything to distract from economic conditions and attention on the Jeffrey Epstein case files.

“You know who isn't in the Epstein files? Barack Obama,” he said. “You know who actually improved the economy as president? Barack Obama.” There is a long history in the US of powerful white figures associating Black people with animals, including apes, in demonstrably false, racist ways. The practice dates to 18th century cultural racism and pseudo-scientific theories used to justify the enslavement of Black people, and later to dehumanise freed Black people as uncivilised threats to white people.

Thomas Jefferson, author of the Declaration of Independence, wrote in his famous text “Notes on the State of Virginia” that Black women were the preferred sexual partners of orangutans.

President Dwight Eisenhower, discussing school desegregation in the 1950s, suggested white parents were rightfully concerned about their daughters being in classrooms with “big Black bucks”.

Obama, as a candidate and president, was featured as a monkey or other primates on T-shirts and other merchandise.

In his 2024 campaign, Trump said immigrants were “poisoning the blood of our country,” language similar to what Adolf Hitler used to dehumanise Jews in Nazi Germany.

During his first White House term, Trump called a swath of majority-Black, developing nations “shithole countries.” He initially denied saying it but admitted in December 2025 that he did.

When Obama was in the White House, Trump pushed false claims that the 44th president, who was born in Hawaii, was born in Kenya and constitutionally ineligible to serve. Trump, in interviews that helped endear him to conservatives, demanded that Obama prove he was a “natural-born citizen” as required to become president.

Obama eventually released birth records, and Trump finally acknowledged during his 2016 campaign, after having won the Republican nomination, that Obama was born in Hawaii. But immediately after, he said, falsely, that his Democratic rival Hillary Clinton started the birtherism attacks. (AP) SCY SCY

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