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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benches and emphasized the need to maintain order; disruptions followed the disallowance of a quotation from an unpublished memoir and culminated in the Motion of Thanks being passed without the Prime Minister's customary reply due to relentless sloganeering.
February 6, 2026
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RBI proposes compensation up to Rs 25,000 for small-value digital-payment fraud and issues draft consumer protection guidelines.
A proposal introduces a compensation framework to reimburse customers up to Rs 25,000 for losses from small-value fraudulent digital transactions and revises the 2017 instructions on limiting customer liability in unauthorised electronic banking transactions. Draft revised instructions, including scenarios and timelines for liability and the new compensation mechanism, will be issued for public consultation. Additional draft guidelines will address mis-selling of financial products and harmonised conduct rules for engagement of recovery agents and loan recovery across regulated entities.
February 6, 2026
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Supreme Court pleas challenge Bihar election results and seek OBC certificate rule changes for children of single mothers.
Supreme Court petitions include a challenge to the Bihar Assembly election results seeking fresh polls; a petition to amend rules for issuing OBC certificates to children of single mothers; a plea to ensure adequate representation of women advocates in state bar councils; and a challenge to refusal to raise judicial officers' retirement age in Madhya Pradesh from 60 to 61 years. These raise issues of electoral validity, administrative rule changes for social welfare certification, representational access in legal regulatory bodies, and judicial service rule amendments.
February 6, 2026
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Himachal BJP demands immediate release of MLA local development and discretionary funds, citing stalled projects and withheld payments.
The BJP Legislative Party seeks immediate release of withheld MLA Local Area Development Funds and discretionary funds, alleging only partial instalments released and treasury-level stoppages since October 2025 that hinder disaster restoration and constituency work. It asserts that development priorities from opposition MLAs have not been converted into or forwarded as DPRs to NABARD and requests gubernatorial direction to release funds and ensure DPR preparation and transmission so equitable development can proceed.
February 6, 2026
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Reserve Bank holds repo rate at 5.25% and announces consumer compensation, MSME credit boost, NBFC and market reforms.
The central bank kept the repo rate at 5.25% and retained a neutral stance, citing benign inflation and sustained growth momentum. It announced draft guidelines on mis selling, loan recovery, recovery agents and limiting customer liability for unauthorized electronic transactions, proposed customer compensation up to Rs 25,000 for small-value frauds, a discussion paper on digital payments safety, raised collateral free MSME loan limits to Rs 20 lakh, eased NBFC registration and branch approval requirements for small NBFCs, and proposed removing the Rs 2.5 lakh crore VRR investment cap subject to category ceilings.
February 6, 2026
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RBI raises GDP growth projections for Q1 and Q2 FY27 to 6.9% and 7%, citing trade deals and GST rationalisation.
The Reserve Bank of India raised quarter wise real GDP forecasts for Q1 and Q2 of FY27 to 6.9% and 7.0% respectively, revising up earlier projections and announcing that full year 2026-27 estimates will follow in April after adoption of updated GDP and CPI series (base 2024=100). The upward revision is attributed to stronger agricultural output, trade agreements, GST rationalisation, and sustaining demand from private consumption and fixed investment.
February 6, 2026
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Lok Sabha proceedings were adjourned after Opposition protests disrupted the House and prevented the Prime Minister's customary reply.
Lok Sabha proceedings were adjourned until noon after Opposition members entered the Well, shouted slogans and displayed placards, prompting the Speaker to suspend business within minutes and to urge orderly conduct, noting 19 hours and 13 minutes lost to disruptions in the session. The adjournment followed sustained government-Opposition confrontation and the unusual passing of the Motion of Thanks without the Prime Minister's customary reply due to opposition sloganeering.
February 6, 2026
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RBI pause on rate cuts: repo rate held at 5.25% with neutral stance, sparking equity declines and IT selling pressure.
The Reserve Bank of India retained the repo rate at 5.25% and kept a neutral stance in its sixth bi monthly monetary policy review, pausing further rate cuts amid geopolitical uncertainties; the pause coincided with a market reaction of lower equity indices, IT sector selling pressure, and foreign institutional outflows.
February 6, 2026
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Ease of Doing Business reforms strengthen digital trade facilitation, tax certainty, and trust-based customs clearance.
The Budget advances a single digital window and Customs Integrated System for expedited cargo clearance, use of non-intrusive scanning and AI, recognition of trusted importers and AEO preferences, expanded duty deferral, and immediate release for goods without compliance requirements; it also proposes rationalisation of MAT including conversion to a final tax at a reduced rate, integrated assessment and penalty reforms, expanded immunity frameworks, and decriminalisation or monetisation of minor technical offences to reduce litigation and compliance burdens.
February 6, 2026
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RBI monetary policy: repo rate unchanged, neutral stance; measures for fraud compensation and MSME credit expansion.
Monetary policy retains the repo rate at 5.25% with a neutral stance, revises GDP and CPI projections for Q1-Q2 FY27, notes muted underlying inflation excluding precious metals, and records forex reserves. Operational measures include a customer fraud compensation framework up to Rs 25,000, protections against digital fraud for senior citizens, doubling collateral free MSME loans to Rs 20 lakh, allowing banks to lend to REITs, and relaxing certain NBFC branch opening norms.
February 6, 2026
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Reliance Digital's Chill Fest offers off season cooling deals with Rs. 1 EMI on ACs, big discounts, free delivery and extended warranty.
Reliance Digital's 'Chill Fest' offers off season incentives on cooling appliances combining discounts up to Rs. 21,000, Rs. 1 EMI on ACs, additional bonuses and assured gifts, free delivery and installation, a complimentary outdoor unit, and a five year extended warranty to increase consumer value and accessibility.
February 6, 2026
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Birla Carbon launches Continua SCM production line in Italy, enhancing circular material supply and regulatory-compliant product consistency worldwide.
New dedicated production line at Birla Carbon's Trecate facility will finish and pack Continua SCM-circular material from end-of-life tires-sourced from Circtec's Netherlands pyrolysis plant to provide large-volume, consistent supply, increase recycled content, enable blending options, reduce homologation costs, and ensure regulatory compliance for customers.
February 6, 2026
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Milliken showcases advanced polymer additives improving clarity, barrier performance, recyclability and manufacturing efficiency at PLASTINDIA 2026.
Milliken & Company is presenting advanced polymer additives at PLASTINDIA 2026 that improve optical clarity, processing efficiency, barrier performance and recyclability. Key offerings include next-generation clarifiers for polypropylene, nucleating agents, barrier improvers for polyethylene enabling downgauging and mono-material design, performance modifiers for virgin and recycled resins, and specialized colorants and laser-marking additives for engineered polymers and food-contact applications.
February 6, 2026
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India-GCC FTA ToR set the negotiation framework for tariff, services, investment and market access commitments.
The Terms of Reference create the formal negotiation framework for an India-GCC Free Trade Agreement, defining scope and modalities to guide talks on tariff and non tariff measures, rules of origin, services, investment provisions and mechanisms to enhance predictability and stability; the ToR aim to translate existing trade and investment linkages into negotiated commitments on market access, investment facilitation and sectoral cooperation.
February 6, 2026
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Startup recognition framework revised to raise turnover limits, create deep tech category and include cooperative societies.
The revised framework raises the general startup turnover threshold from Rs.100 crore to Rs.200 crore, establishes a Deep Tech Startup category with an extended age limit of 20 years and a turnover cap of Rs.300 crore, and extends startup recognition eligibility to Multi State and State/UT Cooperative Societies subject to other criteria.
February 6, 2026
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Coca Cola India expands hydration access and local vendor employment at Magh Mela 2026, adding recycled plastic public infrastructure.
Coca Cola India and bottling partner SLMG Beverages deployed an on ground ecosystem at Magh Mela 2026 to provide chilled beverages via hydration carts and coolers across Prayagraj and travel corridors, integrating local vendors and retailers to create income opportunities under the "Locally Yours" campaign, while Anandana - The Coca Cola India Foundation's #MaidaanSaaf organised waste collection and installed public utilities made from recycled plastic to manage waste and enhance visitor infrastructure.
February 6, 2026
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NexTech Summit 2026: invite-only CIO forum on AI operationalization, cyber resilience, and enterprise modernization.
NexTech Summit 2026 is an invite-only, attendance limited forum for over 500 CIOs and senior technology leaders focused on AI operationalization, cyber resilience, enterprise architecture modernization, and aligning technology programs with measurable business outcomes through closed-door keynotes, panels, and curated discussions supported by an enterprise technology partner ecosystem.
February 6, 2026
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VinFast India and Bank of Baroda sign MoU to provide INR 200 crore in dealer invoice financing for dealers.
An MoU between VinFast Auto India and Bank of Baroda establishes dealer invoice financing: Bank of Baroda will extend INR 200 crore on flexible terms to VinFast dealers, using its pan India network and digital platforms to provide supply chain and inventory financing tailored to dealer liquidity and distribution expansion.
February 6, 2026
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LTIMindtree named Leader for payments IT services, highlighting ISO 20022 migration, real-time payments and AI-driven modernization.
LTIMindtree was positioned as a Leader in the Everest Group Payments IT Services PEAK Matrix Assessment 2025 for delivering large-scale payments transformation that combines modernization scale, platform alliances, and innovation to enable real-time, cross-border, and ISO 20022-compatible payment environments, backed by product engineering, payment hub modernization, scheme compliance, Centers of Excellence, and AI-driven capabilities via the BlueVerse ecosystem.
February 6, 2026
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The Belgian Waffle Co's Waffletine's offers Rs.100 off on Rs.399+ orders with early-bird loyalty access and in-store experiences.
The Belgian Waffle Co's Waffletine's campaign offers a flat Rs.100 discount on bills of Rs.399+ across its product range at 720+ stores nationwide between 12-14 February, with an early-bird start on 11 February exclusively for Waffleverse loyalty members, supported by influencer promotion, in-store experiential elements, and social amplification.

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Customs & Trade

‘Namaste Trump scored over Howdy Modi’: Cong takes dig at India-US interim trade pact

February 7, 2026

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New Delhi, Feb 7 (PTI) The Congress on Saturday claimed that the India-US joint statement on an interim trade agreement is "silent" on details and took a swipe at Prime Minister Narendra Modi, saying "all the hugs and photo-ops have not amounted to much".

The opposition party also took a jibe at the government with the iconic line from the Mukesh song "Dost dost na raha" from the 1964 film "Sangam".

Congress general secretary in charge of communications, Jairam Ramesh, said the US-India joint statement just issued is silent on details.

"But from what has been revealed, it is clear that: India will no longer import oil from Russia. Separately, the US has announced that a 25 per cent penalty could be reimposed if India buys oil directly or indirectly from Russia," he said on X.

It has also been revealed that India will slash import duties to help American farmers at the cost of Indian farmers, Ramesh claimed.

"India's annual imports from the USA will triple, wiping out our longstanding goods trade surplus. There will continue to be great uncertainty on India's exports of IT and other services to the US. India's exports of goods to the US will face higher duties than before," Ramesh said.

"All the hugs and photo-ops have not amounted to much. Namaste Trump has scored over Howdy Modi," the Congress leader said, adding, "Dost dost na raha".

India and the US on Saturday announced to have reached a framework for an interim trade agreement under which both sides will reduce import duties on a number of goods to boost two-way trade.

Commenting on the development, Prime Minister Narendra Modi said the agreement will strengthen the 'Make in India' initiative by opening up new opportunities for farmers and entrepreneurs, and create jobs for women and youngsters.

The prime minister also thanked US President Donald Trump for his personal commitment to robust ties between India and the US.

"Great news for India and USA! We have agreed on a framework for an Interim Trade Agreement between our two great nations," Modi said in a post on X.

"It strengthens 'Make in India' by opening new opportunities for India's hardworking farmers, entrepreneurs, MSMEs, startup innovators, fishermen and more. It will generate large-scale employment for women and youngsters," the prime minister said.

According to the interim trade deal, Trump has removed the 25 per cent tariffs, or additional import duty, imposed on India last August for purchasing Russian oil, citing that the country has undertaken "significant steps" and New Delhi has committed to stop directly or indirectly importing oil from Moscow.

The interim pact will open a USD 30 trillion market for Indian exporters, especially MSMEs, farmers and fishermen, as US duties on Indian goods will come down to 18 per cent from 50 per cent earlier.

According to the joint statement, the two countries will "promptly" implement this framework and work towards finalising the interim agreement with a view to concluding a mutually beneficial Bilateral Trade Agreement (BTA).

India will eliminate or reduce tariffs on all US industrial goods and a wide range of American food and agricultural products, including dried distillers' grains, red sorghum for animal feed, tree nuts, fresh and processed fruit, soybean oil, wine and spirits, and additional products, the statement sasid. PTI ASK ARI ARI

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