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    Will be easy to purchase goods valued much more than USD 500 bn from US: Goyal
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February 8, 2026
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India commits to USD 500 billion in US goods purchases over five years, including energy and aircraft, with safeguards.
India committed to a purchase commitment of USD 500 billion of US goods over five years, covering energy, aircraft and parts, precious metals, technology products, coking coal and high end machinery, with existing orders included. The framework relies on tariff differentials to preserve competitive advantage for Indian exports and anticipates sectoral demand (aviation, steel, data centres) to drive imports. It expressly provides safeguard mechanisms and sensitivity exclusions, with no duty concessions on dairy, GM products, meat, poultry, soya meal and corn, and is described as a work in progress joint statement.
February 8, 2026
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India-US interim trade deal reportedly removes tariffs and barriers on US farm products, raising risks to Indian farmers and sovereignty.
The interim India-US trade framework reportedly includes zero tariff commitments on specified US agricultural products and removal of non tariff barriers, which the CPI(M) says will expose Indian farmers to subsidised competition, undermine support and subsidies, and harm livelihoods. The party warns the deal threatens national sovereignty and strategic autonomy, demands full parliamentary disclosure, and urges the government not to sign harmful measures; the government asserts safeguards protect farmers and domestic industry.
February 8, 2026
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Defence startups must get greater venture capital to scale indigenisation and meet India's security technology needs.
Venture capital investment must increase to enable defence startups to commercialise and scale indigenous technologies; government budgetary prioritisation and R&D initiatives aim to drive indigenisation, private sector participation, and large-scale production of cost effective weapons and non-contact warfare technologies aligned to operational requirements.
February 8, 2026
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Japan election poised to enable major shifts in defence, export and immigration rules with implications for civil liberties.
The projected lower-house supermajority for Prime Minister Takaichi's coalition would enable expedited legislative revisions to defence and security policy, including lifting weapons-export limits, enhancing offensive capabilities, increasing defence spending, and implementing tougher anti-espionage and immigration controls, raising potential tensions between national-security aims and civil-rights protections.
February 8, 2026
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India-US trade agreement claimed to boost industry and protect farmers by excluding Punjab crops and dairy.
The India-US trade agreement is described as promoting industrial growth and exports while expressly excluding Punjab-produced crops from import commitments and providing protection for the dairy sector to safeguard farmers' interests. Separately, two senior Punjab IAS officers were suspended amid allegations linked to a prolonged procurement delay for anganwadi smartphones, prompting calls for Administrative Tribunal intervention to prevent alleged pressure on officers to engage in wrongdoing.
February 8, 2026
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Indian exports gain a pricing edge after reciprocal tariffs cut to 18%, boosting competitiveness in labour intensive and agricultural sectors.
Reduction of India's reciprocal tariffs to 18% in the first phase bilateral trade framework with the United States is intended to secure market access and a pricing advantage for Indian exporters. Compared to higher levies faced by competitors (for example China 35%, Brazil 50%), the lower tariff is identified as enhancing competitiveness in labour intensive sectors and supporting agricultural exporters. The tariff cut is presented as commercially supported by industry and as a policy instrument to increase export value and farmers' incomes, with the framework expected to be signed by mid March.
February 8, 2026
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Quantum technology initiative accelerates investment approvals using escrow safeguards, mandatory timelines, and expedited clearances to boost manufacturing.
The policy requires investment proposals for the Quantum Valley to include mandatory timelines and proof of feasibility, subject to monthly progress reviews; uses escrow accounts to govern benefits and subsidies; excludes non-serious actors through prequalification and oversight; and implements an expedited clearance regime with targeted decision timelines to prevent abnormal delays and preserve investor viability.
February 8, 2026
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Mettur Dam water release urged to irrigate flowering paddy for 20 days and prevent widespread crop and livelihood losses.
Demand that the government release water from the Mettur Dam to supply irrigation to flowering paddy in the Delta region for about 20 days to prevent withering crops and severe economic loss to farmers who have taken loans; firsthand reports of parched fields and reliance on small pumps emphasise urgency and the need for immediate executive action to protect livelihoods and paddy production.
February 8, 2026
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Quota-based duty concession on DDGS to support animal and poultry sectors under the US-India trade framework.
India agreed to a quota-based duty concession on dried distillers' grains with solubles (DDGS) for the US under the first-phase bilateral trade framework, providing managed market access via a quantitative quota to support animal husbandry and poultry feed needs while balancing domestic interests and addressing concerns about duty reductions.
February 8, 2026
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Union Budget focuses on farmers, tourism, healthcare and productivity to boost rural employment and local infrastructure.
The Union Budget prioritises social welfare and rural prosperity through productivity-enhancing investments to address unemployment and improve living standards. It focuses on agricultural support-processing of pulses and oilseed crops, promotion of high-yielding seeds and measures to enable better price realisation for farmers-alongside tourism infrastructure development to generate local employment, with complementary commitments to healthcare and education to bolster human capital.
February 8, 2026
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Stone mining industry: prioritise environmental protection, safe mining and social security to sustain heritage and exports.
Prioritising environmental protection and ecological balance alongside safe mining practices is urged as a core policy objective for the stone industry, with social security for mining communities framed as a moral responsibility; this priority is set against Rajasthan's dominant production role and the sector's export, craftsmanship and heritage significance.
February 8, 2026
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India-US trade statement uses safeguards and calibrated openings to protect farmers while offering limited market access.
The India-US joint statement provides safeguards and calibrated market-opening measures to protect farmers and domestic industry from import surges while granting limited market access for certain pulses and lentils; no duty concessions were granted on dairy, genetically modified products, meat, poultry, soya meal and corn, with tariff differentials cited as an exporter advantage.
February 8, 2026
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India-US trade deal threatens Jammu and Kashmir horticulture if zero tariffs allow US agricultural imports.
The article argues that the India-US trade arrangement's allowance of zero tariff imports of agricultural products threatens Jammu and Kashmir's apple and walnut producers, while the regional budget is criticised for not addressing unemployment and for fiscal losses from an electric-bus subsidy that has allegedly displaced private transport operators.
February 8, 2026
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Free trade agreements require sharp, cautious negotiation balancing mutual sensitivities, rapport, and protection of national interests.
Commerce Minister Piyush Goyal described free trade agreement negotiations as intense processes requiring negotiators to be sharp and cautious because terms will affect nations for decades; he emphasised mutual respect for sensitivities, the utility of personal rapport to secure additional benefits, and the overriding need to protect national interests.
February 8, 2026
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India intends to purchase $500 billion of US goods over five years across energy, aviation, technology, and coal.
India and the United States finalised a framework for the first phase of a bilateral trade agreement under which India intends to purchase USD 500 billion of US goods over five years, targeting energy products, aircraft and parts, precious metals, technology products, and coking coal; the figure includes existing orders (notably significant aviation commitments) and is presented as conservative relative to projected import demand, contingent on US competitiveness.
February 8, 2026
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Uniform Civil Code should be framed by consensus and stakeholder consultation to avoid divisions and build trust.
Uniform Civil Code should be framed through broad consensus and structured stakeholder consultation to avoid social divisions, with large scale public suggestions cited as an exemplar; law reform is conditioned on inclusive procedure, trust, and dialogue with Muslim and Christian communities to align religious practice with non dominating principles.
February 8, 2026
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Household caregiver verification recommended to curb thefts using digital registration, ID checks and background details.
Kolkata Police recommended mandatory verification and digital registration of household employees via the Domestic Help Profile on the 'Bondhu' app or website, requiring identity proof, permanent address and photographs to enable background checks and faster investigation; awareness drives will encourage compliance, with family members urged to assist elderly residents in completing registration.
February 8, 2026
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Digital arrest scam used impersonation and coercion to extract funds; Rs 100 crore linked to shell accounts and directors arrested.
Two individuals were arrested in a digital arrest scam using impersonation, forged FIRs and threats to coerce victims into transferring funds; one victim paid Rs 40 lakh. A private limited company in west Delhi, with the accused as joint directors, operated as a conduit. Digital forensics traced layered fund movements through multiple bank accounts and UPI IDs linked to shell entities across states, with 190 complaints and suspected proceeds over Rs 100 crore connected to the network. The accused admitted opening multiple accounts; investigation continues.
February 8, 2026
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India Malaysia ties expand across trade, defence and counter terrorism, including semiconductor cooperation and local currency trade.
India and Malaysia agreed to deepen cooperation across trade, investment, defence, energy, advanced manufacturing and semiconductors via 11 agreements, promoted trade settlement in local currencies, and established an Indian Consulate General. They committed to strengthened counter terrorism cooperation-intelligence sharing, maritime security, defence ties, countering radicalisation and terrorism financing-and pledged coordinated support for reforms to make multilateral institutions more representative, including mutual backing on international candidatures and an expedited review of the ASEAN India Trade Agreement.
February 8, 2026
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Kerala paddy procurement bonus faces central review; state says discontinuation threatens farmers and food security.
The Union Finance Ministry asked Kerala to review and consider discontinuing its additional incentive bonus on paddy and wheat procurement, citing bumper production that has produced stocks exceeding PDS, buffer and contingency requirements and creating a recurring burden on the public exchequer; the state rejects this direction, defending its Rs 6.31 per kilogram bonus above the Minimum Support Price as necessary farmer support and contesting the fiscal-burden characterization.

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Indian student launches Thomas Tours to boost graduate morale in London

February 7, 2026

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London, Feb 7 (PTI) A student from a village in Kerala, who recently completed his Master's in macro-economics from London School of Economics (LSE), has launched a unique tour guide service to earn a living wage and boost the morale of fellow graduates as they navigate a tough job market in the UK.

Jame Thomas Mathew from Mallapally in Thiruvalla decided to turn social entrepreneur with Thomas Tours, named after his grandfather, and offering new jobseekers like himself an opportunity to be gainfully employed on a part-time basis.

The 23-year-old tapped into the same budget mindset he mastered as a cash-strapped LSE student to curate itineraries that will enable visitors to explore London like a local, in a pocket-friendly and immersive way.

“Our unique selling point is that we provide authentic customised day tours, taking visitors around like a local using the Tube (London Underground) and famous red buses, while making the most of London’s walking friendly landscape,” explains Jame.

“I have been a cyclist ever since I moved to London and have learned a lot of shortcuts, a lot of ways to navigate the city on foot and otherwise. So, I know how to create an itinerary at almost half the budget of other city tourism alternatives, backed up by a mission to empower graduates in the city," he shares.

As someone on a Graduate Route visa – the post-study option that allows students to look for work after completing their university courses in the UK, Jame is at the frontline of a job market operating against the harsh backdrop of anti-immigrant rhetoric.

He observed fellow jobseekers take up demoralising roles in the retail sector simply to make ends meet, often getting trapped in zero-hour contracts that leave them little or no time to pursue promising career opportunities.

“I understand the financial plight of graduates like myself, who struggle to find formal employment in London. I’ve seen financial constraints force some of my friends to leave the city, while others worked in exploitative part-time jobs, often without so much as a smile in return," recalls Jame.

His social enterprise concept is designed to inject dignity while helping graduates earn a London Living Wage – which stands at 14.80 pounds an hour. With the prospect of added tips based on how the guides impress travellers with their local knowledge, Thomas Tours hopes to offer a wholesome alternative to ruthless part-time jobs.

“The idea is very simple: graduates need to have flexibility so they can do their formal job applications while earning enough to sustain themselves in the city. So, they can work for three days as a tour guide, have some certainty and financial stability, and devote the other days of the week to their applications and interviews,” says Jame.

Thomas Tours has a range of itineraries that cover the major landmarks of the UK capital under “Icons of London”, Museums, Shopping Streets as well as Sports and Theatre experiences. Within days of its launch at the end of January, Jame secured two bookings for the month of June and is all set for gradual growth.

The model is based around a free introductory online chat with a prospective traveller, followed by a bespoke itinerary that takes all their health and access needs on board. Payment would only change hands at the agreed meeting point in the city, with the guided tour incorporating money saving tips for key sites such as Westminster Abbey and Tower of London.

“Thomas Tours is a small effort to offer dignity and financial support to graduates like myself. Every penny goes directly to the graduate, who offers a personalised, thoughtful tour, while the client can feel satisfied that they are helping a graduate earn a fair wage in a city they have come to love,” reflects Jame.

The young economist is confident that the tailor-made nature of the concept will also help graduates engage with a broad range of travellers from different parts of the world, perhaps even potential employers in future. Thomas Tours has an intrinsic mental health component, aimed at counteracting any sense of loneliness and rejections encountered by young jobseekers.

Having played tour guide to several of his family members visiting from India, including elderly relatives, Jame feels well equipped to help others experience London hassle-free and to its fullest.

"Every corner of London is steeped in so much history. This graduate-led initiative will guide everyone through famous landmarks, tastiest local eateries that most tourists walk right past and all at affordable prices,” he adds. PTI AK SCY SCY

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