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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.
February 8, 2026
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India-Malaysia cooperation expands in defence, semiconductors and trade while domestic governance and electoral actions advance.
India and Malaysia announced expanded cooperation in defence and security, semiconductor supply chains, and trade after leaders' talks. Concurrent domestic matters include calls for judicial intervention over a ruling party unit's allegedly targeting social-media video, a state request to expedite and fund sanctioned railway projects, emphasis on policy stability in the Union Budget, and a state offering thousands of Group B officers for a special electoral roll revision. An invitation for India to join an international supply-chain security initiative was also reported.
February 8, 2026
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Delhi hotel tariffs skyrocket as AI summit drives unprecedented demand and room rates into lakhs.
Five-star hotel tariffs and occupancy in New Delhi have surged for India AI Impact Summit dates, with standard rooms usually priced Rs 20,000-40,000 now listed at rates approaching and in some categories exceeding several lakh rupees per night; premium suites and club-level categories command multi-lakh rates or face minimum-stay conditions, and leading properties are nearly sold out or listing steep peak-season pricing.
February 8, 2026
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Japanese prime minister Sanae Takaichi seeks electoral majority to enact right-wing security, defence spending and immigration reforms.
Prime Minister Sanae Takaichi called a snap election to win a lower-house majority for a conservative agenda prioritising security and economic measures. Core operative aims include revising security and defence policy to develop offensive military capabilities, lifting the weapons export ban, increasing defence spending, tightening immigration and foreign-owner rules, and aligning more closely with the United States. Financing plans and diplomatic approaches to China were not detailed. The LDP's coalition with the Japan Innovation Party is framed as necessary to secure the legislative majority Takaichi says she needs to pursue these changes.
February 8, 2026
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Union Budget 2026 27 anchors policy stability, multi year planning and capital expenditure to build Viksit Bharat.
Union Budget 2026 27 is anchored in policy stability and multi year planning toward 2047-2050, emphasising fiscal discipline over populist measures. The Budget prioritises capital expenditure and infrastructure expansion, highlights CPSE contributions and state utilisation of long term interest free loans for signature projects, and seeks to crowd in private investment to strengthen economic resilience and enable export led growth.
February 8, 2026
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High-Level Committee on Banking to recommend scaling banks and restructuring public sector NBFCs to meet development financing needs.
The government will set up a High-Level Committee on Banking for Viksit Bharat to recommend how to scale the banking sector to meet financing, credit and access needs while safeguarding financial stability, inclusion and consumer protection. The Budget also proposes restructuring public sector NBFCs, noting PFC's 2019 majority acquisition of REC and the PFC board's in-principle approval to merge REC into PFC to improve scale and efficiency.
February 8, 2026
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Farm labourers duped into motorcycle loans; FIR filed against farm owner and two associates for fraud and intimidation.
An FIR alleges a farm owner and two associates induced illiterate tribal labourers to allow use of their Aadhaar and thumb impressions to obtain motorcycle loans without informed consent, resulting in two motorcycles purchased and victims receiving repayment notices; when confronted the accused allegedly assaulted and threatened a labourer. Charges include cheating by impersonation, dishonest inducement to obtain property, criminal intimidation, and intentional insult provoking breach of peace, and police are seeking the accused.
February 8, 2026
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Liquor shop auctions in Jammu and Kashmir raised significant revenue; no new wine shops planned.
The administration generated about Rs 2,152 crore from auctioning retail liquor outlets over two financial years, primarily from the Jammu region, and has stated that no new wine shops or JKEL-2 licences are proposed for 2026-27. Licence issuance and auction allocations are governed by domicile eligibility and other conditions under the J&K Excise Act, 1958 and the applicable Excise Policy.
February 8, 2026
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India-US trade deal excludes key agricultural products and bans imports of genetically modified products to protect farmers.
The interim India-US trade arrangement preserves national and farmer interests by excluding core agricultural commodities from tariff concessions, listing numerous staples, fruits, vegetables, dairy, meat, sugar, ethanol and tobacco as not eligible for tariff reductions, and affirming a prohibition on genetically modified product imports to protect seed and soil integrity.
February 8, 2026
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India-US trade agreement to cut tariffs, grant zero duty in select categories, and boost MSMEs, exports and jobs.
The proposed India-US interim trade framework would expand market access for exporters and strengthen MSMEs and labour intensive industries while safeguarding agriculture. Reportedly, average US tariffs on Indian products would be reduced from about 50% to 18%, with zero duty in selected categories; tariff cuts for textiles and apparel and zero duty for silk products are expected to benefit cluster based, labour intensive regions.
February 8, 2026
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India invited to join Pax Silica; interim trade framework reduces tariffs and removes punitive oil tariffs.
An invitation has been extended to India to join the Pax Silica initiative to secure and diversify silicon and critical minerals supply chains through cooperation on mining, processing, and related manufacturing; a forthcoming signing will integrate India into the programme. Parallelly, the parties reached an Interim Agreement framework under which India will reduce or eliminate tariffs on US industrial and agricultural goods and the US will reduce Indian tariffs to 18%, alongside an Executive Order removing a prior 25% punitive tariff on specified energy imports.
February 8, 2026
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National news schedule: regional political events, public safety incidents, and police advisory to report digital frauds promptly.
The national schedule highlights regional political briefings and official engagements, follow-ups on accidents and law and order incidents, and an operational advisory urging prompt reporting of digital frauds with better coordination among police cyber cells, banks and payment gateways. It also notes central government meetings addressing left wing extremism, reflecting ongoing security coordination and public safety responses.
February 8, 2026
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Shree Cements targets Q4FY26 volume rebound and aggressive RMC expansion to 45 plants while remaining debt free.
Shree Cements targets 9-9.5 million tonnes in Q4FY26 and expects total cement capacity to reach 72 million tonnes by March 2026 while keeping a long term 80 million tonne target. It plans rapid RMC expansion from 19 to 45 plants within six to eight months and has budgeted Rs 500 crore baseline capex next year for RMC and infrastructure. The company reports industry leading cost metrics, 61% green power from 634 MW renewables, a debt free balance sheet with ~Rs 6,000 crore cash, and anticipates a higher total dividend payout for the current fiscal.
February 8, 2026
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Bilateral ties strengthen counter terrorism, defence, intelligence sharing, semiconductor and trade cooperation, with focus on Indo Pacific stability.
The leaders committed to deepen counter terrorism collaboration through intelligence sharing, maritime security and broader defence cooperation, emphasising a policy of no double standards on terrorism. They also pledged expanded economic and technological cooperation in semiconductors, AI and digital technologies, health, food security, and trade to support regional development and Indo Pacific stability.
February 8, 2026
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Congressman Brandon Gill warns constituents that visible Islamic growth and new mosques are transforming local communities.
An elected Member of Congress asserted that visible Islamic presence and new mosques in his district have led constituents to feel their communities are culturally transformed, likening local malls to a foreign country; he linked these concerns to immigration and highlighted his policy focus on border security and related priorities.
February 8, 2026
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India-Malaysia talks to deepen defence and security ties and expand economic and semiconductor cooperation.
Prime Ministerial talks prioritized deepening defence and security cooperation and expanding economic and innovation ties, with expected bilateral agreements including semiconductor cooperation, building on the elevation to a comprehensive strategic partnership and aiming to operationalise strategic alignment across defence, security, economic engagement and technology collaboration.
February 8, 2026
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North Korea's party congress will push nuclear and military expansion alongside economic self-sustenance and closer ties with Russia and China.
North Korea's late-February Workers' Party congress will outline five-year domestic and foreign policy priorities, emphasizing accelerated nuclear and missile development, upgrades to conventional forces and their integration with nuclear capabilities, and policies of mass mobilization and economic self-sustenance. The congress will also signal closer alignments with Moscow and Beijing, a tougher posture toward South Korea, and a rejection of U.S. preconditions for denuclearization.
February 8, 2026
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Japanese national elections: Takaichi seeks majority to push conservative security, immigration, and defence reforms agenda.
Prime Minister Sanae Takaichi seeks a lower-house majority via a coalition with the Japan Innovation Party to implement a conservative agenda that would revise security and defence policies to expand offensive capabilities, lift the weapons-export ban, and increase defence spending, while imposing tougher immigration, foreign property, and anti-espionage measures; she has pledged to resign if the coalition fails to win a majority.
February 8, 2026
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India's Russian oil purchases unclear after US lifted tariffs tied to a pledge to halt imports.
An executive order revoked an additional tariff in exchange for India's commitment to stop importing Russian crude and to buy U.S. energy; it contemplates recommending the reimposition of duties if the Secretary of Commerce finds India has resumed such imports. India has not confirmed the commitment, instead emphasising energy security and diversification driven by market conditions, and noting a recent fall in Russian oil procurement.

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Corp. Laws / SEBI / IBC

UIDAI completes over 1 crore mandatory biometric updates for school children across 83,000 schools

February 8, 2026

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New Delhi, Feb 8 (PTI) Aadhaar custodian UIDAI has completed mandatory biometric updates (MBU) for one crore school children covering 83,000 schools across the country, an official statement said.

A child under the age of five can enrol for Aadhaar by providing the photograph, name, date of birth, gender, address and birth certificate but the fingerprints and iris biometrics of a child are not captured for Aadhaar enrolment below the age of five as these indicators are not mature by then.

Therefore, providing fingerprints and iris information in Aadhaar by following the process of MBU, upon crossing the ages of 5 and 15 years, is an essential requirement for children.

Lack of MBU in Aadhaar may lead to difficulties while carrying out authentication for receiving benefits under various government schemes, registering in competitive and university examinations like NEET, JEE, CUET etc.

"The UIDAI has crossed the milestone of completing over one crore Mandatory Biometric Updates (MBUs) for school-children studying in 83000 schools across the country," the statement said.

Unique Identification Authority of India (UIDAI) has made MBU free for children in the age group of 7 to 15 years from October 1 for one year period.

"UIDAI had initiated this special MBU drive for school-children in September 2025 after a successful technological integration with the Unified District Information System for Education Plus application, that enabled visibility of MBUs status of children at schools. This breakthrough helped the UIDAI and schools to jointly identify children who were due for an MBU, and hold camps at schools to complete the MBU," the statement said.

UIDAI CEO Bhuvnesh Kumar has written to Chief Secretaries of all States and Union Territories about the initiative by the authority and requested their support in conducting focussed MBU camps at schools.

"The mission mode campaign continues to be operational till such time all schools in the country are covered. This initiative has already benefited 1 crore children in 83,000 schools and many more are set to gain from it," the statement said.

In addition to camps held at schools, children can also complete their MBU at any of the Aadhaar enrolment centres and Aadhaar Seva Kendras running across the country.

"About 1.3 crore MBU transactions have also been completed in the same period, by children visiting these centres," the statement said. PTI PRS MR

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