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    What to know about Takaichi's conservative policies after big election win
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February 9, 2026
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Japan's agenda shifts to bolster defence, lift weapons export limits, tighten immigration rules, and alter family and tax policies.
The government proposes revising security and defence law to expand military capability, lift weapons export restrictions, create a national intelligence agency, enact an anti-espionage statute, and raise defence spending to 2% of GDP; it also advances stricter legal conditions on permanent residency and naturalisation and enforcement against unpaid taxes and social insurance by foreign workers.
February 9, 2026
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Income tax: CBDT invites stakeholder inputs on proposed Rules and Forms via e filing portal to improve rules and reduce burden.
CBDT has opened a public consultation on the proposed Income-tax Rules and Forms implementing the Income-tax Act, 2025 (effective 1 April 2026), posting drafts online for stakeholder review and submission. Inputs must be confined to four categories-Simplification of Language; Reduction of Litigation; Reduction of Compliance Burden; Identification of Redundant/Obsolete Rules and Forms-and must cite the specific rule, sub rule, or form number. A dedicated e filing portal utility (OTP-validated) has been activated for submissions.
February 9, 2026
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Book 'Made in India' chronicles Desh Bandhu Gupta, Lupin and India's rise as a global pharmaceutical supplier.
A biographical and industry account chronicles Desh Bandhu Gupta's rise from modest origins to found Lupin, highlighting entrepreneurship, institutional resilience amid financial and operational crises, the complementary role of family and community programs, and India's emergence as a major global supplier of medicines and vaccines-supported by manufacturing scale, FDA approved facilities, and policy-enabled export competitiveness.
February 9, 2026
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Domicile certificate applications surge amid electoral roll revision; centralised verification and issuance expedited to assist voters missing from draft rolls.
A surge in domicile certificate applications tied to the Special Intensive Revision of electoral rolls prompted KMC to centralise applications at borough offices, route requests through headquarters for scrutiny, forward documentation to the sector collector for police verification, and obtain final approval from a WBCS rank officer before issuing certificates, with guidance on required documents such as Aadhaar and rent receipts.
February 9, 2026
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Ahmedabad University launches Institute of Manufacturing and Economy to boost industry-academia collaboration and manufacturing innovation.
Ahmedabad University announced the Institute of Manufacturing and Economy to promote integrated responses to productivity, technology adoption, workforce readiness, supply chain coordination and research translation in manufacturing. The Institute will pursue applied research, postgraduate and executive education, SME clinics, startup support, and policy and competitiveness reporting, leveraging university laboratories, prototyping facilities, incubation platforms and computing infrastructure to collaborate with industry and government and strengthen industry-academia collaboration.
February 9, 2026
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Lok Sabha adjourned after a standoff over Rahul Gandhi's demand to speak before the Budget debate.
Lok Sabha was adjourned after a standoff over whether the Leader of the Opposition should be allowed to speak before the Union Budget debate. The Chair declined to permit a prior LoP intervention, citing no notice or agreement, and government representatives disputed any arrangement. The impasse, following earlier adjournments that day, occurred amid prior disruptions including the LoP being disallowed from quoting an unpublished memoir and the Motion of Thanks proceeding without the Prime Minister's customary reply.
February 9, 2026
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Competition Commission of India reforms enable faster M&A approvals, global turnover based penalties and AI competition safeguards for antitrust cases.
Reforms adopt global turnover based penalty calculation implemented via detailed penalty guidelines; reduce merger review timelines from 210 to 150 days; introduce a settlement and commitment framework and a Green Channel route for deemed approval; and the Commission's AI market study identifies concentration, lock in, algorithmic collusion and self preferencing risks, recommending self audits, transparency, advocacy, policy support and inter regulatory cooperation.
February 9, 2026
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AI music therapy for cancer patients offers patented adaptive pain relief with clinical validation and investor backing.
Mindful Gurukul's Skitii is a patented AI-driven music therapy medical device that combines proprietary algorithms and continuous biometric monitoring to deliver adaptive therapeutic music; clinical validation reported significant pain reduction, Indian patents secured with international PCT filings, CDSCO Class B approval in progress, DPIIT recognition, and Rs. 4 crore committed by a US angel investor to support global scale and integration into oncology care.
February 9, 2026
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Markets rally as India-US trade deal optimism and PSU bank buying lift Sensex to 84,065.75; FIIs net buyers.
Equity benchmarks rose as India-US trade deal optimism and strong public sector bank buying lifted the Sensex to 84,065.75 and the Nifty to 25,867.30. FIIs purchased equities worth Rs 1,950.77 crore, with gains concentrated in consumer durables, realty, cement, capital goods and consumer discretionary sectors while some large-cap IT and private banks underperformed.
February 9, 2026
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KRAFTON records KRW 3.3266 trillion annual revenue and plans franchise expansion, AI innovation, and M&A.
KRAFTON's consolidated FY2025 results under K-IFRS show annual revenue of KRW 3.3266 trillion and operating profit of KRW 1.0544 trillion, with Q4 revenue KRW 919.7 billion and a KRW 81.6 billion one-time labor welfare expense reducing quarterly operating profit. PC delivered KRW 1.1846 trillion and mobile KRW 1.7407 trillion; other revenue rose due to ADK and Neptune consolidation. The company plans 2026 growth through scaling Franchise IPs, AI-led production and live services, targeted M&A, strategic investments, 2PP, and a 15-project first-party pipeline.
February 9, 2026
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HDFC Life and Muthoot FinCorp partner to distribute life insurance via branches and digital channels to expand coverage.
HDFC Life and Muthoot FinCorp have formed a distribution partnership to offer HDFC Life's group and individual life insurance products, including protection and long-term savings solutions, via Muthoot FinCorp's branch network and digital platform, leveraging HDFC Life's product and risk expertise and digitally integrated sales processes to expand insurance access and financial inclusion in semi-urban and rural markets.
February 9, 2026
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JK Cement Bikaner grinding unit: 2 MTPA capacity, INR 500 crore investment, construction Feb 2026, production March 2027.
JK Cement has commenced Bhoomi Poojan for a 2 MTPA grinding unit in Bikaner on 100 acres along the Jaipur-Bikaner highway, with an approximate INR 500 crore investment. Construction is to begin February 2026 and commercial production is projected by March 2027. The facility is intended to shorten distribution lead times across Rajasthan, enable 24-hour deliveries to most locations, deepen the company's market presence, and generate direct and indirect employment while fostering ancillary industry development.
February 9, 2026
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India-US interim trade framework cuts tariffs and includes $500bn purchase intentions, coinciding with rupee volatility and market moves.
The interim trade framework will see the US reduce tariffs on Indian goods to 18% from roughly 50%, while India will eliminate or lower import duties on US industrial goods and a broad range of American food and agricultural products; India also expressed intent to purchase USD 500 billion of specified US goods over five years. The announcement coincided with rupee volatility, which settled at 90.74 per USD, amid equity gains, foreign inflows and a rise in forex reserves to USD 723.774 billion.
February 9, 2026
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Investment scam victims protest over Rs 1,200 crore fraud, demand probe, restitution and asset seizure transparency.
Three accused associated with Trade with Jazz were arrested after an alleged scheme promising 4% monthly returns defrauded about 11,000 investors of roughly Rs 1,200 crore; authorities have invoked depositor protection and criminal provisions, while protesters demand an expedited probe, restitution and point to minimal asset seizures of about Rs 12 lakh.
February 9, 2026
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Union Budget supports MSME credit and artisanal schemes, boosts electronics and textile manufacturing, and promotes AI and GCC growth.
The 2026-27 Union Budget provisions focus on MSME support through a Rs 10,000 crore credit and institutional package and include the Mahatma Gandhi Gram Swaraj Yojana for handloom and handicrafts. Sectoral emphasis is placed on electronics manufacturing, textile parks to boost trade opportunities, AI engagement via an upcoming summit, and expansion of Global Capability Centres to increase employment and revenue.
February 9, 2026
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India 2030 Leadership Conclave returns to Mumbai on 6 April to convene leaders on growth and launch The Power Chair.
The ninth India 2030 Leadership Conclave will convene on 6 April 2026 in Mumbai to host sectoral discussions on India's next growth supercycle, institutional leadership, enterprise innovation and brand trust, include a Business & Brand Excellence Awards night, and launch the digital initiative 'India 2030: The Power Chair' as a year round platform seeded by 15 minute agenda setting sessions evolving into longer podcast dialogues; registration and sponsorship information are provided through a web form and contact email.
February 9, 2026
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Outreach OPD services in Bongaon connect residents to specialist care, prevention, and early diagnosis through local seminars and referral links.
Manipal Hospital Whitefield and Varthur Road launched New Outreach OPD Services in Bongaon with an Information Centre to provide patient guidance and referral pathways to specialised care; the accompanying seminar emphasized prevention, early diagnosis, lifestyle modification, and accessible specialist intervention for cardiovascular, gastrointestinal, orthopaedic, and spine disorders.
February 9, 2026
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IIFL Capital received SEBI nod to form an IFSC subsidiary to serve global investors and enable cross-border investment flows.
SEBI issued a No Objection for IIFL Capital to form a Wholly Owned Subsidiary at GIFT IFSC to carry out permitted financial services and capital market activities as a separate legal entity, subject to remaining statutory and regulatory approvals and operational clearances.
February 9, 2026
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Breach of privilege notice over announcing Indo US trade deal details outside Parliament during a sitting.
DMK MP Tiruchi Siva lodged a breach of privilege notice against Commerce Minister Piyush Goyal for announcing details of the Indo US trade framework to the media while Parliament was in session, asserting such external disclosure contravenes parliamentary practice and amounts to a breach of the House's privilege; the Chairman noted Goyal had earlier made a statement in the House and said the matter would be examined later while proceeding with the day's business.
February 9, 2026
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EPF withdrawals to be enabled via UPI in new EPFO app, with portion frozen and auto-settlement expanded.
EPFO will deploy a mobile application allowing members to transfer an eligible portion of their EPF balance to their seeded bank accounts via UPI, authenticated by the member's UPI PIN, while a proportion of the balance remains frozen and existing portals remain operational.

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Japanese prime minister's party secures supermajority in lower house in landslide victory

February 9, 2026

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Tokyo, Feb 8 (AP) The governing party of Prime Minister Sanae Takaichi secured a two-thirds supermajority in a key parliamentary election Sunday, Japanese media reported citing preliminary results, earning a landslide victory thanks to her popularity.

Takaichi, in a televised interview with public television network NHK following her sweeping victory, said she is now ready to pursue policies that would make Japan strong and prosperous.

NHK, citing results of vote counts, said Takaichi's Liberal Democratic Party, or LDP, alone secured 316 seats by early Monday, comfortably surpassing a 261-seat absolute majority in the 465-member lower house, the more powerful of Japan's two-chamber parliament. That marks a record since the party's foundation in 1955 and surpasses the previous record of 300 seats won in 1986 by late Prime Minister Yasuhiro Nakasone.

A smiling Takaichi placed a big red ribbon above each winner's name on a signboard at the LDP's headquarters, as accompanying party executives applauded.

Despite the lack of a majority in the other chamber, the upper house, the huge jump from the preelection share in the superior lower house would allow Takaichi to make progress on a right-wing agenda that aims to boost Japan's economy and military capabilities as tensions grow with China and she tries to nurture ties with the United States.

Takaichi said that she would firmly push forward her policy goals while trying to gain support from the opposition.

“I will be flexible,” she said.

Takaichi is hugely popular, but the governing LDP, which has ruled Japan for most of the last seven decades, has struggled with funding and religious scandals in recent years. She called Sunday's early election only after three months in office, hoping to turn that around while her popularity is high.

Popular leader ----------------- The ultraconservative Takaichi, who took office as Japan's first female leader in October, pledged to “work, work, work,” and her style, which is seen as both playful and tough, has resonated with younger fans who say they weren't previously interested in politics.

The opposition, despite the formation of a new centrist alliance and a rising far-right, was too splintered to be a real challenger. The new opposition alliance of LDP's former coalition partner, Buddhist-backed dovish Komeito, and the liberal-leaning Constitutional Democratic Party of Japan, is projected to sink to half of their combined preelection share of 167 seats.

Takaichi was betting with this election that her LDP party, together with its new partner, the Japan Innovation Party, would secure a majority.

Akihito Iwatake, a 53-year-old office worker, said he welcomed the big win by the LDP because he felt the party went too liberal in the past few years. “With Takaichi shifting things more toward the conservative side, I think that brought this positive result,” he said.

Takaichi's policies -------------------- The prime minister wants to push forward a significant shift to the right in Japan's security, immigration and other policies. The LDP's right-wing partner, JIP leader Hirofumi Yoshimura, has said his party will serve as an “accelerator” for this push.

Japan has recently seen far-right populists gain ground, such as the anti-globalist and surging nationalist party Sanseito. Exit polls projected a big gain for Sanseito.

The first major task for Takaichi when the lower house reconvenes in mid-February is to work on a budget bill, delayed by the election, to fund economic measures that address rising costs and sluggish wages.

Takaichi has pledged to revise security and defense policies by December to bolster Japan's offensive military capabilities, lifting a ban on weapons exports and moving further away from the country's postwar pacifist principles.

She has been pushing for tougher policies on foreigners, anti-espionage and other measures that resonate with a far-right audience, but ones that experts say could undermine civil rights.

Takaichi also wants to increase defense spending in response to U.S. President Donald Trump's pressure for Japan to loosen its purse strings.

She now has time to work on these policies, without an election until 2028.

Divisive policies ------------------ Though Takaichi said that she's seeking to win support for policies seen as divisive in Japan, she largely avoided discussing ways to fund soaring military spending, how to fix diplomatic tension with China and other issues.

In her campaign speeches, Takaichi enthusiastically talked about the need for proactive government spending to fund “crisis management investment and growth,” such as measures to strengthen economic security, technology and other industries. Takaichi also seeks to push tougher measures on immigration, including stricter requirements for foreign property owners and a cap on foreign residents.

Sunday's election “underscores a problematic trend in Japanese politics in which political survival takes priority over substantive policy outcomes,” said Masato Kamikubo, a Ritsumeikan University politics professor. “Whenever the government attempts necessary but unpopular reforms ... the next election looms.” Impact of snow ----------------- Sunday's vote coincided with fresh snowfall across the country, including in Tokyo. Record snowfall in northern Japan over the past few weeks blocked roads and was blamed for dozens of deaths nationwide. (AP) GSP

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