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    Multi-state investment scam using WhatsApp groups busted, 12 arrested: UP Police
    Two rice company promoters declared fugitive economic offenders in bank fraud case
    Haryana playing leading role in milk production: Union Minister Rajiv Ranjan
    HP govt earns Rs 26,683 cr in 3 years from its own resources: CM Sukhu
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February 8, 2026
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Multi-state WhatsApp investment scam busted, 12 arrested; alleged Rs500 crore fraud averted, assistance sought from international agencies.
Police dismantled a nationwide WhatsApp-based investment racket, arresting 12 suspects and identifying about 600 groups after a complaint; authorities recovered Rs 5.64 lakh for the reporting victim, warned over 500 group members to prevent wider losses, and say actions averted an estimated Rs 500 crore fraud affecting more than 1.5 lakh people. The accused have been charged under relevant provisions of the BNS and the Information Technology Act, and investigators are seeking CBI and Interpol assistance to trace alleged masterminds abroad.
February 7, 2026
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Rice company promoters declared fugitive economic offenders; assets worth Rs 123 crore confiscated in alleged Rs 1,200 crore bank fraud.
Two promoters of a Delhi-based rice company were declared fugitive economic offenders under Section 10 of the Fugitive Economic Offenders Act, 2018 after allegedly leaving India to evade prosecution in a Rs 1,201.85 crore bank loan fraud; the court directed confiscation of assets valued at Rs 123 crore in the ongoing money laundering investigation arising from a 2020 criminal complaint and subsequent proceedings.
February 7, 2026
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Haryana milk production leading nationally; call to expand village cooperatives to benefit farmers and boost exports.
Haryana produces 36% of national milk output with locally recognised cow breeds; the Union Minister urged the state to establish village-level cooperative societies to benefit livestock farmers and boost milk exports, and highlighted the administrative separation of Animal Husbandry into a distinct ministry as a structural measure to prioritise sectoral development.
February 7, 2026
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State government reports Rs26,683 crore from own resources; hotel acquisition and higher hydropower royalty boost revenue.
The state government reports receipts of Rs 26,683 crore from its own resources over three years, notes a realised benefit of about Rs 401 crore from acquiring the Wildflower Hall Hotel with projected annual receipts of about Rs 20 crore, and records an increase in the royalty share for the Karcham Wangtoo Hydropower Project from 12% to 18%, estimated to yield an additional ~Rs 150 crore annually.
February 7, 2026
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USTR map depicts Jammu and Kashmir and Aksai Chin as India; US and India agree to cut tariffs to 18%.
The USTR released a map showing Jammu and Kashmir, including Pakistan occupied Kashmir, and Aksai Chin as integral parts of India, signaling alignment with India's territorial claims. Concurrently, India and the US announced a first phase interim trade framework removing a 25% additional duty on Indian goods and reducing reciprocal tariffs, with US tariffs on specified Indian imports to be lowered to 18% to promote bilateral trade.
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.

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Israel's security cabinet approves measures to strengthen control over West Bank

February 9, 2026

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Jerusalem, Feb 9 (AP) Israel's security cabinet on Sunday approved measures that aim to deepen Israeli control over the occupied West Bank and weaken the already limited powers of the Palestinian Authority.

The office of far-right Finance Minister Bezalel Smotrich in a statement announced the decisions that would make it easier for Jewish settlers to force Palestinians to give up land, adding that “we will continue to bury the idea of a Palestinian state.” Yonatan Mizrachi, a researcher with the Israeli anti-settlement watchdog group Peace Now, called the decision “very significant.” He said the decision still requires approval by Israel's top commander for the West Bank.

Palestinian President Mahmoud Abbas in a statement called the decision “dangerous” and an “open Israeli attempt to legalise settlement expansion” and land confiscation. He called for the United States and UN Security Council to intervene immediately.

Jordan's foreign ministry condemned the decision, which it said was “aimed at imposing illegal Israeli sovereignty” and entrenching settlements.

The measures include cancelling a prohibition on sales of West Bank land to Israeli Jews, declassifying West Bank land registry records to ease land acquisition, transferring construction planning at religious and other sensitive sites in the volatile city of Hebron to Israeli authorities, and allowing Israeli enforcement of environmental and archaeological matters in Palestinian-administered areas.

The measures also would revive a committee that would allow the state of Israel to make “proactive” land purchases in the territory — “a step intended to guarantee land reserves for settlement for generations to come.” Peace Now in an explainer issued late Sunday called the decision aimed at “breaking through every possible barrier on the way to a massive land grab in the West Bank.” Notably, it said, Israeli authorities will be able to demolish construction in Palestinian-controlled areas if they deem it harmful to heritage or the environment.

The West Bank is divided between an Israeli-controlled section where settlements are located and sections equalling 40 per cent of the territory where the Palestinian Authority has autonomy.

Palestinians are not permitted to sell land privately to Israelis. Settlers can buy homes on land controlled by Israel's government.

Asked about settlers' claims that the current system is discriminatory against Jews, Mizrachi said the entire system in the West Bank discriminates against Palestinians, who are not allowed to vote in Israeli elections and face Israeli military crackdowns and travel restrictions.

More than 700,000 Israelis live in the occupied West Bank and east Jerusalem, territories captured by Israel in 1967 and sought by the Palestinians for a future state. The international community overwhelmingly considers Israeli settlement construction in these areas to be illegal and an obstacle to peace.

Smotrich, previously a firebrand settler leader and now finance minister, has been granted cabinet-level authority over settlement policies and vowed to double the settler population in the West Bank.

Settler group Regavim in a statement praised Sunday's decision, saying it would protect heritage sites in the West Bank and “at long last” make land registry accessible and transparent.

In December, Israel's Cabinet approved a proposal for 19 new Jewish settlements in the West Bank as the government pushes ahead with a construction binge that further threatens the possibility of a Palestinian state. And Israel has cleared the final hurdle before starting construction on a contentious settlement project near Jerusalem that would effectively cut the West Bank in two, according to a government tender reported in January. (AP) SKY SKY

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