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February 9, 2026
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UQPAY launches a custodial, compliant stablecoin platform with UCP governance and native x402 support for AI payments.
UQPAY Australia launched a custodial, compliant stablecoin acquiring platform built on the Universal Commerce Protocol to coordinate on-chain transaction execution, custodial fund governance, automated clearing between stablecoins and fiat, and auditability across dual payment rails-one for traditional merchant integrations and one AI-native x402 gateway-using standardized intermediate transaction states and an asynchronous, webhook-driven acquiring architecture to enable non-blocking execution, early fulfilment, and scalable machine-initiated payments.
February 9, 2026
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Rupee rises after US India interim trade framework; tariffs cut, RBI intervenes and reserves increase.
The rupee strengthened to 90.44 per US dollar after India and the US announced an interim trade framework featuring tariff reductions and planned bilateral purchases; the move was supported by a softer dollar index, positive domestic equity flows, a rise in foreign exchange reserves, and active Reserve Bank of India currency intervention selling on upticks and buying near specified levels to curb volatility.
February 9, 2026
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Supreme Court docket lists challenges to electoral roll revision, cyberfraud suo motu, and privacy penalty appeals.
Supreme Court calendar lists challenges to the Election Commission's special intensive revision of electoral rolls; a bail plea in a custodial death connected to a sexual assault case; a suo motu docket on cyber frauds and digital arrest scams; appeals by major platforms against a competition regulator's privacy policy penalty; and multiple petitions contesting arrests, detention and bail in corruption and public order matters. High Court items include a compensation claim for a death during foreign unrest and follow ups in religious misappropriation and civic poll related disputes.
February 9, 2026
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Draft Income tax Forms 2026 open for 15 day public consultation; streamlined, smart forms and reduced compliance burden.
Draft Income tax Rules and Forms, 2026 are published for 15 days of public consultation prior to notification under the Income tax Act, 2025 (effective 1 April 2026). The drafts simplify rule language, remove redundancies, consolidate provisions and standardise form fields, introducing smart forms with prefill and automated reconciliation. A navigator maps prior rules and forms to the new drafts, and stakeholders are invited to provide rule wise and form wise feedback to reduce compliance burden and enable centralised processing.
February 9, 2026
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Draft Income-tax Rules, 2026 set new valuation, notification, electronic filing and compliance procedures for tax administration.
Draft Income-tax Rules, 2026 operationalise the Income-tax Act, 2025 by consolidating and simplifying subordinate provisions, introducing standardised smart forms and electronic furnishing, and prescribing substantive and procedural rules covering dividend arrangements, stock-exchange recognition, fair market value methodologies for assets and indirect transfers, income determination for non-residents, thresholds for significant economic presence, valuation and transfer-pricing procedures, perquisites valuation, depreciation rates, notification and approval processes for specified businesses and research approvals, and timelines and audit/reporting obligations tied to returns.
February 9, 2026
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City of Artesia honors cultural activist Sundeep Bhutoria for promoting Indian art, culture, and diaspora engagement internationally.
Municipal recognition was conferred by the City of Artesia through a Certificate of Recognition presented to Sundeep Bhutoria for sustained social work and promotion of Indian art, culture, and literature. The presentation, delivered by a City Council member at a civic event attended by diaspora representatives and the Consul General of India in Los Angeles, operated as an official municipal acknowledgement intended to foster cultural ties and community engagement rather than to create regulatory obligations or legal rights.
February 9, 2026
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ARAI centre in Mandya to require 100 acres and Rs 500 crore, pending state land allocation and identification.
A proposed ARAI centre in Mandya will receive an initial Rs 500 crore and require about 100 acres; execution depends on the state allocating land after the Union Minister requested allotment and the State Revenue Department directed the Mandya Deputy Commissioner to identify suitable land. ARAI is identified as a premier autonomous R&D organisation and the principal authority for testing, certification, and research, tasked with ensuring compliance with vehicle safety, emissions control and technical quality standards.
February 9, 2026
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Ozar airport expansion to boost Nashik connectivity, cargo exports and industrial growth ahead of Kumbh 2027.
Expansion of Ozar airport with a Rs 640 crore state allocation will increase passenger handling capacity and cargo connectivity to accommodate a projected eight- to tenfold rise in devotees for Simhastha Kumbh Mela 2027 and to open international markets for Nashik's perishable horticulture and vegetable exports.
February 9, 2026
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Tokyo benchmark Nikkei 225 jumped after election delivering supermajority, prompting expectations of market-friendly policies and global markets rallied.
A parliamentary election yielded a governing-party supermajority, prompting investor expectations of market-friendly policy measures and triggering a sharp equity rally-including a 4.5% rise in the Tokyo Nikkei 225-as markets priced the reduced political uncertainty and anticipated pro-market initiatives.
February 9, 2026
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Israel's security cabinet approves measures to deepen West Bank control and ease settler land acquisition.
The security cabinet authorised removal of prohibitions on sales of West Bank land to Israeli Jews, declassification of land registry records, revival of a committee for proactive land purchases, transfer of planning authority for sensitive sites to Israeli control, and expanded Israeli enforcement- including demolition- in Palestinian-administered areas on heritage or environmental grounds to facilitate settler acquisition and long-term land reserves for settlement expansion.
February 9, 2026
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Japanese governing party's supermajority enables major defense, budgetary, and immigration policy shifts with civil rights implications.
The governing party's two-thirds lower-house supermajority grants it decisive legislative and budgetary authority, enabling expedited passage of a postponed budget and other priority laws. The administration plans statutory and regulatory shifts to expand offensive defense capabilities, lift weapons-export restrictions, increase defense spending, and impose stricter immigration, property, and anti-espionage rules. These initiatives raise civil rights implications and will be implemented primarily through budgetary allocations and statutory amendments during the lower house's term.
February 9, 2026
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Lamborghini crash injures six; police seize vehicle, say FIR will be registered amid allegations of influence and intimidation.
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February 8, 2026
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Mandya to get world-class ARAI centre; 100-acre, Rs. 500 crore facility proposed to boost automobile sector.
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February 8, 2026
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February 8, 2026
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India Malaysia ties to deepen across trade, defence, semiconductors and counter terrorism with 'no double standards' stance.
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Tamil Nadu pension funding: government pledges Rs13,000 crore and Rs11,000 crore annual contribution to assured pension scheme.
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Left Wing extremism framed as an ideology driven security challenge; policy to prioritise ideological contestation and surrender incentives.
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February 8, 2026
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Nitin Nabin will attend the Bihar Assembly budget session and meet BJP legislators during a two-day Patna visit.
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February 8, 2026
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Redbird Flight Training Academy faces probe after multiple crash landings; AAIB found evidence removal and recommended DGCA action.
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UP businessman's son ploughs speeding Lamborghini into people in Kanpur; six injured

February 9, 2026

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Kanpur (UP), Feb 8 (PTI) At least six people were injured on Sunday after a speeding Lamborghini, allegedly driven by the son of a prominent tobacco trader, rammed into pedestrians and two-wheelers on the VIP Road in Kanpur's upscale Gwaltoli area, police said.

"The accident occurred around 3.15 pm near Rev-3 Mall when the luxury car, reportedly driven by Shivam Mishra, the son of businessman K K Mishra, went out of control and ploughed into people standing along the roadside and several vehicles, triggering panic in the area," DCP (Central) Atul Kumar Srivastava said.

Eyewitnesses said the car first hit an auto-rickshaw and then crashed into a parked Royal Enfield motorcycle, flinging its rider nearly 10 feet into the air. The car mounted the motorcycle's front wheel and dragged it for some distance before hitting an electric pole and coming to a halt.

One of the injured, Taufiq, a resident of Yamunaganj, was thrown several metres and suffered serious leg injuries, police said. Others sustained fractures and bruises.

Angry locals gathered at the spot and surrounded the car, forcing the driver to remain inside. Witnesses alleged that private bouncers accompanying the accused tried to push back the crowd and behaved aggressively, escalating tensions.

Police rushed to the spot, rescued the driver and shifted him and the injured to a private hospital. The damaged Lamborghini was seized and taken to the police station, officials said.

A chaotic situation later unfolded at the police station as victims and local residents alleged misbehaviour by the accused's associates and claimed that the police were going soft on him due to his family's influence. Some protesters also alleged that pressure was being exerted for a compromise and that there was a delay in registering a case.

Sonu Tripathi, one of the injured, told mediapersons that he and his cousin were standing near their parked motorcycle when the car hit them. "My cousin was thrown off the bike, and two others were flung onto the footpath. We have filed a complaint," he said.

DCP Srivastava said the vehicle has been seized, and further action would be taken based on the complaint.

"The injured were provided primary treatment. An FIR will be registered, and further legal action will follow," he said.

K K Mishra runs Banshidhar Exports Pvt Ltd, a firm engaged in supplying tobacco to gutkha manufacturers in the region. PTI COR CDN PRK

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Acts Income Tax