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    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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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.
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.

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RedBird came under regulatory lens for two plane accidents in one week in October 2023

February 8, 2026

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Mumbai/ New Delhi, Feb 8 (PTI) Redbird Flight Training Academy, whose trainer aircraft crashed near Belagavi on Sunday, had come under regulatory scanner for similar accidents little over two years ago.

Following two crash landing of its aircraft in a span of one week in October 2023, aviation watchdog DGCA had temporarily suspended the operations of the academy at all its bases.

And at least three accidents involving the academy's planes are being probed by the Aircraft Accident Investigation Bureau (AAIB).

The civil aviation ministry on Sunday said that a more than 50-year-old Cessna 172 trainer aircraft made a force landing in Karnataka due to inadequate fuel, and both pilots are safe.

The aircraft VT-EUC, which was flying from Kalaburagi to Belagavi crashed landed in an open field near Vijayapura and the site is around 50 to 70 kilometres from the Belagavi airport.

The flight instructor and a trainee pilot were onboard the aircraft, which broke into three pieces after the crash landing, sources said.

A senior official at the Redbird Flight Training Academy told PTI that after the crash, the pilots underwent medical checkups and both are safe.

Prima-facie it looks like that the Pilot-In-Command and the Trainee Pilot forgot to uplift enough fuel for the flight as a result of which there was the forced landing of the aircraft, the official said.

There was no official statement from the Academy.

A senior regulatory official told PTI that the decision on whether the incident will be investigated by the AAIB (Aircraft Accidents Investigation Bureau) or the DGCA (Directorate General of Civil Aviation) will be taken after the preliminary probe.

Back in October 2023, aviation regulator DGCA had temporarily suspended the operations of Redbird Flight Training Academy at all its bases following two incidents of crash landing of planes.

Both accidents had happened within a week in October 2023. At least three accidents involving the academy's planes are being probed by AAIB.

TECNAM P-Mentor aircraft VT-RFO crash landed near Suktara Airfield in Madhya Pradesh on December 8, 2025. In the accident, the Pilot-In-Command (PIC) suffered a minor injury while the Trainee Pilot sustained a serious injujry.

In another accident, the academy's TECNAM P2008 JC aircraft crash landed near Baramati airport on October 19, 2023 and the pilot had sustained minor injuries.

Also, the academy's TECNAM P2008 JC plane had crash landed near Baramati airport on October 22, 2023 whereby the pilots suffered minor injuries.

AAIB came out with its preliminary reports on the three accidents.

The probe agency in the preliminary reports on the accidents near Baramati airport in October 2023 had flagged that the academy was obstructing the proceedings of the investigation team.

"In view of the fact that crucial evidence like SD Card from wreckage and CCTV Hard Disks were removed before arrival of AAIB team without any intimation or permission, it is recommended that necessary action may be taken by DGCA against M/s Redbird Flight Training Academy Pvt Ltd for obstructing the proceedings of the Investigation Team as per the extant provisions," the preliminary report had said.

Similarly, in the preliminary report on the October 22, 2023, accident, AAIB had said crucial evidence like SD Card was removed before arrival of the agency's team without any intimation or permission.

Citing this development, AAIB had recommended that DGCA may take necessary action against the academy for obstructing the proceedings of the investigation team.

Meanwhile, the accident on Sunday happened less than two weeks after a plane crash near Baramati airport killed Maharashtra Deputy Chief Minister Ajit Pawar and four others on January 28. PTI IAS RAM MR

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