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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
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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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InvokED 2026 Brings Global and Grassroots Leaders Together as Shikshagraha Announces 2026 Awardees

February 7, 2026

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Two-day Bengaluru convening spotlights leadership, systems change, need for 21st century skills and scalable practice in public education Bengaluru, Karnataka, India (NewsVoir) Shikshagraha, a people-powered education movement working to strengthen leadership across India’s public education ecosystem, today announced the winners of the Shikshagraha Awards 2026, honouring three grassroots education leaders whose work has driven measurable, community-led change in government schools and local learning spaces. The awards were presented at InvokED 5.0, a two-day global dialogue on education leadership, organised by Shikshagraha, ShikshaLokam, and Mantra4Change, and held on 6–7 February 2026 at the Prestige Centre for Performing Arts (PCPA), Bengaluru.

Instituted by The Shibulal Family Philanthropic Initiatives (SFPI), the Shikshagraha Awards recognise leaders working both within and beyond formal education systems who are addressing systemic challenges from the ground up. Each award includes a monetary grant disbursed over two years, a trophy and certificate of excellence, structured mentorship, national visibility across Shikshagraha platforms, and opportunities to engage with policymakers, funders and peer networks. The awards are designed not only to recognise excellence, but to help practitioner-led solutions travel further and influence system-level change.

Shikshagraha Awardees 2026 Batskhem Thabah (Meghalaya) — Revitalised a near-abandoned village school into a thriving, community-run learning hub by rebuilding community trust and embedding indigenous knowledge into everyday classroom practice.

Kumari Guddi (Bihar) — A state-level educator advancing adolescent empowerment through menstrual health education, child protection initiatives, disaster preparedness and inclusive, activity-based learning models across schools.

Nellori Subrahmanyam (Andhra Pradesh) — Reimagined rote science instruction through inquiry-led, hands-on pedagogy, reaching thousands of rural students and strengthening scientific thinking and real-world problem-solving.

SD Shibulal, Co-founder of SFPI and Co-founder and Former CEO, Infosys, said, “The Shikshagraha Awards do more than recognise individual excellence; they invest in it. By combining recognition with mentorship and sustained support, we aim to build a pipeline of leaders whose ideas and evidence can reshape education systems for millions of children.” Strategic partnership with Childaid Network Foundation Shikshagraha also announced a strategic partnership with the Childaid Network Foundation, a trust-based philanthropic network that has worked across India’s North East since 2006. Childaid’s two decades of local experience through its partners, working with 1,600 government schools and reaching roughly 200,000 children, will be combined with Shikshagraha’s national convening power to mobilise partners, resources and government relationships toward an ambitious shared goal of scaling impact to two million children.

Martin Kasper, Founder & President, Childaid Network Foundation, said, “Partnering with Shikshagraha is a strategic inflection point for Childaid Network Foundation. We hope that together we can leverage the advanced education networks and policy advocacy to help translate our twenty years of local learning in North East India into scale, mobilising partners, resources and government engagement to reach two million children.” InvokED 2026: A convening for collective leadership The Shikshagraha Awards were a central highlight of InvokED 2026, a global dialogue on education leadership that convenes policymakers, practitioners, international partners, philanthropists and young leaders to exchange evidence, surface practice-led solutions, and catalyse collective action towards education equity. The convening is designed to bridge the gap between system-level thinking and classroom realities through a mix of plenaries, fireside conversations, curated “braindates”, dialogue corners, and hands-on practice showcases.

Key sessions and themes at InvokED 2026 included: • Fireside Chat — “Leadership in the New Age”: Wendy Kopp, CEO & Co-founder, Teach For All, in conversation with Shabnam Sinha, on evolving leadership models, networked collaboration and the relationship between global strategy and grassroots practice.

• Systemic leadership and teacher agency: Panels and showcases exploring how district and school leaders can enable teacher-led innovation and meaningful community partnerships.

• 21st Century Skills in the Classroom: Learning experiences that can enable students to drive their own learning, with a focus on practices that develop critical thinking, collaboration, and problem-solving, key skills for the 21st century • Technology and evidence in action: “Brain Dates” and panels examining how AI-enabled tools and data systems can support, rather than displace, grassroots pedagogy.

• Vision for a Billion Futures: Insights from across the Global South, focused on accelerating large-scale education improvement for a billion learners.

InvokED’s format intentionally blends storytelling with evidence, pairing short, practice-rich showcases with closed-door roundtables where state officials and frontline educators explore pathways to scale. This approach helps surface implementable insights while building the relationships required to translate ideas into policy action and funding priorities.

InvokED 2026 brought together senior leaders from government, philanthropy and global education networks, including officials from the Department of School Education & Literacy and the Department of Higher Education, international education practitioners, and members of the Shibulal Family Philanthropic Initiatives.

About ShikshaLokam ShikshaLokam is an NGO founded under the aegis of The Shibulal Family Philanthropic Initiatives. The organisation works to restore the agency of education leaders in the K-12 public education ecosystem. By doing so, leaders’ ability to continuously improve is enhanced, they are able to solve the school improvement challenges on their own, and the vision of all our children getting access to quality education as a fundamental right, will be realised.

As an education leadership catalyst, the organisation co-creates education leadership missions, and builds open-source digital capabilities to enable leaders, along with the government and civil society. ShikshaLokam is a co-builder of the Shikshagraha people’s movement, which aims to bring the government, the CSO, and the community together to improve all 1 million public schools in India. Every year, the organisation spotlights education leadership at InvokED – a global dialogue, and through the Shikshagraha Awards which honour exceptional leaders in education.

Today, in eight plus years, ShikshaLokam has co-created continuous learning and improvement programs and solutions, impacting more than 450,000 lakhs leaders across 27 States & UTs, with 19L+ micro-improvements triggered by education leaders to enable enriching learning experiences for children.

In Jan 2023, ShikshaLokam received The Collective Social Innovation Award 2023 by The Schwab Foundation for Social Entrepreneurship, a sister organisation of World Economic Forum, for catalysing collective action to enable systemic education transformation in the Punjab state.

Learn more at shikshalokam.org (Disclaimer: The above press release comes to you under an arrangement with Newsvoir and PTI takes no editorial responsibility for the same.). PTI PWR

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