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    New budget reflects confidence and maturity of the economy: Union Minister Puri
    Zetwerk Electronics launches Manufacturing Excellence facility in Bengaluru
    Union Budget 2026-27 to open new doors for Odisha's development: Pradhan
    Anand Sharma slams minister Piyush Goyal over criticism of UPA trade pacts, seeks apology
    Global engagement inevitable but should not be driven by pressure, tariffs: Bhagwat
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February 7, 2026
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2026-27 budget balances growth and fiscal discipline, prioritising capital expenditure and infrastructure-led development.
The 2026-27 budget balances growth promotion with fiscal discipline, projects 7.4% GDP growth, and cites low inflation (April-December 2025 average ~1.7%). It prioritises public investment, announcing total capital expenditure of ~Rs 12.2 lakh crore-over 430% above 2013-14-with major increases for highways, defence, health, and education; describes infrastructure spending as a GDP multiplier and underscores defence indigenisation, expansion of higher education and medical institutions, and enhanced transport connectivity.
February 7, 2026
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Zetwerk Electronics launches Manufacturing Excellence facility; government boosts electronics manufacturing funding and infrastructure for high-reliability sectors.
The facility is purpose-built for defence, aerospace and automotive electronics with advanced manufacturing lines, clean rooms and an environmental stress testing laboratory to meet stringent quality and reliability requirements. Officials emphasised adherence to rigorous product and component quality standards. The announcement also highlights augmented central incentive funding and state infrastructure commitments, including assured industrial water supply, roads, power and logistics, and a willingness to adapt policy to industry needs to support high value electronics manufacturing.
February 7, 2026
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Union Budget 2026-27 sets targeted infrastructure, sectoral support and fiscal measures to boost Odisha's economy and employment.
The Union Budget 2026-27 sets out targeted fiscal and programme initiatives to boost Odisha's industrial, mineral and transport infrastructure - including large railway allocations, National Waterway No. 5 development, a Rare Earth Corridor, semiconductor and bio pharma initiatives - alongside reduced kendu leaf tax and support for coastal crops. Complementary measures for fisheries, irrigation in underdeveloped districts, and tourism projects aim to raise incomes, expand employment, and integrate Odisha into national and coastal development corridors.
February 7, 2026
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India trade agreements criticized; leader defends palm oil imports and questions opacity and commitments in the India-US trade deal.
Anand Sharma demands an apology for the Commerce Minister's criticisms of past trade pacts, defending palm oil imports as necessary and persistent across governments. He questions why CEPAs and bilateral trade agreements with regional partners were not cancelled if against national interest, and presses seven questions about the India-US trade arrangement, alleging opacity and potential commitments on agricultural and dairy market access that could affect sovereignty and multilateral trade obligations.
February 7, 2026
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Global engagement should be free from external pressure and not driven by tariffs; buy domestic to support employment.
Global engagement should proceed without external pressure and not be tariff-driven; purchasing choices should favour Indian-made products to support domestic employment. The RSS frames its mission as societal unification through the shakha system, distinct from partisan politics and not seeking power. Hindutva is presented as a civic-cultural identity compatible with individual religious practice, with an emphasis on India leading by example and addressing criticisms through direct dialogue.
February 7, 2026
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Tamil Nadu budget allocations: state demands include funding, tax share, NEET exemption, and protection of state autonomy.
The chief minister contends the Union Budget provided "zero" to Tamil Nadu and sets out specific fiscal and project demands - education funding, new railway projects, completion of Madurai AIIMS, a 50% tax share, and NEET exemption - framing the Budget failure as a denial of actionable state allocations. He advances a federalism critique that centralisation undermines state autonomy and warns against language-policy imposition under the three-language framework. He further argues NEET and similar centralised exam regimes threaten reservation-based social justice and seeks exemptions to preserve equitable educational access.
February 7, 2026
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Global engagement should proceed without external pressure and not be tariff-driven, while buying local supports employment.
Global engagement is inevitable but must be pursued without external pressure and should not be tariff-driven; trade interactions must suit India's interests and environment. Citizens are urged to prioritise Indian-made products over foreign commodities where feasible to support domestic employment and job growth, as part of broader social priorities including harmony, environmental protection, self-awareness, family values and civic duties.
February 7, 2026
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West Bengal Appropriation Bill passed after debate; opposition pressed for DA clarity, social welfare, jobs, and fiscal transparency.
The West Bengal Appropriation (No. 1) Bill, 2026 was tabled and enacted after debate in which the opposition demanded increased MLA development funds, pension revision for former legislators, DA clarity for government employees, inclusion of persons with disabilities in budget provisions, transparent development and job-creation statistics, written responses to questions, and measures to reduce state debt; implementation gaps in the Ghatal Master Plan and the impact of the Yuva Sathi allowance were also criticised, and the finance minister noted blocked central dues exceeding one lakh crore rupees.
February 7, 2026
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Union Budget raises rural and agriculture allocations and includes a large fertilizer subsidy to lower farmers' costs.
Union Budget proposals increase allocations for rural and agriculture sectors, with Rural Development funding up 21 percent and combined Rural Development and Agriculture allocations reported to exceed Rs 4.35 crores. A fertilizer subsidy provision of Rs 1,70,944 crore is included to lower farming costs and directly benefit farmers, and stakeholder suggestions will be reviewed for inclusion in the state budget during the legislative session.
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.

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Union Budget's provisions will accelerate Jharkhand's development: Rajiv Pratap Rudy

February 8, 2026

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Ranchi, Feb 8 (PTI) Senior BJP leader and MP Rajiv Pratap Rudy on Sunday said provisions of the Union Budget for the 2026-27 fiscal will accelerate Jharkhand's development.

He said Jharkhand will receive Rs 51,236 crore through tax devolution and over Rs 17,000 crore grants-in-aid in the financial year 2026-27.

"Jharkhand has received Rs 3.14 lakh crore through tax devolution and Rs 1.04 lakh grants-in-aid between 2014 and 2026. The state was given special assistance of Rs 11,567 crore for various projects from 2020-21 to January 2026," Rudy said, while speaking to reporters at the BJP headquarters in Ranchi.

He said the railway budget has been doubled for the state since 2014 and 121 km of railway track has been constructed every year between 2014 and 2023.

"The railway budget of Rs 7,302 crore has been allotted to Jharkhand in 2026-27. The budget between 2009 and 2014 was a mere Rs 457 crore for the state," the former Union minister added.

Rudy said Deoghar airport is operational, while an airport at Jamshedpur is expected to start soon.

"The Varanasi-Ranchi-Kolkata Greenfield Corridor, the construction of over 3,600 km of national highways, and road projects worth more than Rs 30,000 crore are transforming the economic landscape of Jharkhand," he said.

The 2026-27 budget provides Jharkhand not only with resources, but also with opportunities and a direction towards long-term development, making the state a strong partner in India's journey towards becoming a developed nation, he said.

"The Union Budget will strengthen the goal of a self-reliant India and also accelerate the development of states, especially Jharkhand, bringing them into the mainstream of progress," Rudy said. PTI SAN ACD

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