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    Huge surge in domicile certificate applications at KMC amid SIR; over 19,000 requests received
    Kanpur Lamborghini crash adds to long list of luxury car accidents in India
    Rupee falls 1 paisa to close at 90.66 against US dollar
    ED constitutes SIT to probe multiple cases against Anil Dhirubhai Ambani Group
    RBI amends MSME lending directions, increases collateral-free loan limit to Rs 20 lakh
    AAP's Raghav Chadha demands LTCG tax be abolished, inflation-linked wage hike for all
    Discontinuation of RDG may force Himachal to roll back subsidies, freeze DA/DR arrears
    Torres fraud: Mumbai court denies bail to Ukrainian actor citing flight risk
    Lamborghini crash in Kanpur: Tobacco baron's son to undergo medical exam, no arrests yet
    Over 47 lakh members getting less than Rs 9,000 monthly pension under EPS-95: Labour Min
    ED seizes crypto currency worth Rs 10 lakh in raids against fake Ahmedabad call centre
    India prioritises energy security through supply diversification: Foreign Secretary Misri amid US claim
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    Opposition likely to give notice for resolution to remove LS Speaker Birla from office
    Delhi Police files FIR over circulation of ex-chief of Army staff Narvane's unpublished book
    Bank can extend collateral free loan up to Rs 25 lakh to MSEs with good track record
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February 9, 2026
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Kolkata domicile certificate applications surge amid electoral roll revision; centralized processing, police verification, and WBCS approvals expedited.
Kolkata Municipal Corporation centralised domicile certificate intake and established dedicated counters to process 19,167 SIR linked applications; borough offices route requests to headquarters and the Kolkata Police for field verification, after which a WBCS rank officer grants final approval. Applications are accepted chiefly for SIR requirements and must be supported by documentary proof; many certificates were issued following police enquiry reports, while others were rejected after adverse verification.
February 9, 2026
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Luxury car crashes causing injuries and deaths highlight overspeeding, drunk driving, and charges from rash driving to culpable homicide.
A pattern of high speed luxury car collisions in India has produced injuries and deaths, prompting police arrests, FIRs, vehicle seizures and charges ranging from rash and negligent driving to culpable homicide; contributory factors cited include overspeeding, drunk driving, seat belt noncompliance and incidents involving drivers linked to affluent families, with at least one case raising juvenile trial issues and widespread public outrage over perceived impunity.
February 9, 2026
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Rupee volatility driven by importer dollar demand and an India-US interim trade framework reducing bilateral import duties.
Rupee volatility reflected competing forces-equity gains and foreign inflows versus risk-off sentiment and importer-driven dollar demand-set against an India-US interim trade framework reducing bilateral import duties and signalling large Indian purchases of US goods, with broader context from reserve gains, equity inflows, and commodity price movements.
February 9, 2026
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Anil Ambani Group alleged Rs 40,000 crore banking and corporate fraud is being probed under money laundering provisions.
A specialised investigative team has been constituted to probe alleged Rs 40,000 crore banking and corporate fraud by the Anil Dhirubhai Ambani Group under the Prevention of Money Laundering Act, with authority to file additional Enforcement Case Information Reports, examine alleged diversion of public funds and dubious financial transactions, and pursue asset attachment and restitution arising from suspected collusion, connivance and conspiracy among company executives.
February 9, 2026
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MSME lending: collateral-free loan limit raised to Rs 20 lakh; banks may extend to Rs 25 lakh under internal policy.
RBI amended the Master Direction on MSME lending to raise the collateral-free loan limit for micro and small enterprises to Rs 20 lakh, mandating banks not accept collateral for loans up to that amount and advising the same limit for PMEGP units. Banks may, under internal policy and based on borrowers' track record and financial position, dispense with collateral up to Rs 25 lakh and may use Credit Guarantee Scheme cover where applicable; voluntarily pledged gold and silver within the threshold will not breach the mandate. The amendments aim to strengthen last mile credit delivery and align MSME lending with other regulatory changes.
February 9, 2026
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LTCG tax abolition proposed for individual investors and a statutory inflation-linked wage adjustment urged.
Demand to abolish Long-Term Capital Gains tax for individual equity investors, arguing that pairing an elevated Securities Transaction Tax with LTCG disincentivises retail investment and that LTCG should be nil when STT is raised; also urging a statutory, inflation-linked wage adjustment formula for corporate, factory and gig workers, alongside proposals to address foreign portfolio investor outflows, increase public healthcare spending, and implement a blockchain-based land and property registry.
February 9, 2026
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Himachal Pradesh finances face cuts: rollback of subsidies, staff reductions, and pension migration to plug a major revenue shortfall.
Discontinuation of the Revenue Deficit Grant would create a fiscal shortfall-eliminating a funding source equal to 12.7% of the budget-and compel measures such as rolling back subsidies, abolishing long vacant posts, downsizing institutions, halting pay revisions, and migrating from the Old Pension Scheme to the Unified Pension Scheme to unlock borrowing, while causing inability to meet pay/pension arrears, DA/DR installments, and other liabilities.
February 9, 2026
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Ukrainian actor in Torres investment fraud case denied bail due to alleged large scale scheme and flight risk.
The accused is alleged to have participated in a criminal conspiracy under Platinum Hern Pvt Ltd's Torres scheme, a combination of Ponzi and MLM operations that collected Rs 148.89 crore from 14,964 investors by promising immediate and weekly returns on investments in moissanite, gold and diamonds. The court denied bail citing the nature, gravity and magnitude of the offence, ongoing related investigations with other registered crimes, absconding principal accused, and a real risk of the accused fleeing or tampering with prosecution evidence.
February 9, 2026
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Lamborghini crash in Kanpur: medical exam to assess fitness to drive; FIR filed, vehicle seized and investigation ongoing.
Police registered an FIR against an unidentified driver for rash and negligent driving after a Lamborghini crash that injured six; the car was seized and sent for mechanical inspection, CCTV is being analysed to determine speed, and the suspected driver will undergo medical tests to assess whether epilepsy or another condition contributed, with subsequent scrutiny of driving licence issuance and RTO procedures if medical unfitness is found.
February 9, 2026
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EPS-95 pensioners: 47.04 lakh receive under Rs 9,000 monthly; minimum pension remains Rs 1,000 via budget support.
EPS-95 is a Defined Contribution-Defined Benefit scheme funded by employer contributions of 8.33% of wages and a central government contribution of 1.16% on wages up to Rs 15,000; all benefits are paid from the Employees' Pension Fund. Currently 47.04 lakh of 82.11 lakh active pensioners receive less than Rs 9,000 monthly, and the government provides a minimum pension of Rs 1,000 per month through budgetary support in addition to the 1.16% contribution. The fund is valued annually under paragraph 32 to determine long term viability and account for future liabilities.
February 9, 2026
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Enforcement action seizes crypto and cash from Ahmedabad call centre that coerced victims into gift card payments.
Enforcement action targeted an Ahmedabad call centre that coerced foreign victims into gift card and digital payments, converted proceeds into cryptocurrency via online platforms with assistance from foreign nationals, and laundered most funds through cash, crypto and informal channels; investigators seized cryptocurrency (~USD12,000), unaccounted cash (Rs13.5 lakh), documents and devices, froze 31 bank accounts and a locker, and transferred seized crypto to an agency wallet for investigation.
February 9, 2026
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India energy procurement prioritises diversification and national interest; companies make market-based sourcing choices for secure, affordable supply.
India's energy procurement policy is guided by national interest and operationalised through supply diversification to ensure adequate availability, fair pricing, and reliability of supply; oil companies make sourcing decisions based on market conditions, assessing availability, risks, costs, logistical and financial factors alongside internal accountability and fiduciary responsibilities.
February 9, 2026
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Commerce minister meeting exporters to discuss US tariff reductions and EU FTA implications for export sectors.
A ministerial consultation will discuss a US framework reducing reciprocal tariffs on Indian goods from 25% to 18% and the removal of previously imposed 25% punitive tariffs, in the context of concluded negotiations with the European Union and sectoral impacts on textiles, leather and footwear, and gems and jewellery.
February 9, 2026
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Digital fraud, electoral roll revisions, and restrictions on animal sacrifice were addressed with directives and procedural orders.
Procedural and supervisory actions include directing courtroom assault allegations to senior judicial administration, deferring appellate review of a competition law penalty, setting aside an interim stay on relocating an administrative commission, ordering expedited out of turn hearing of a conviction challenge, refusing to cancel bail in a medical negligence prosecution, upholding prohibition on animal sacrifice with limited prayer rights at a religious site, protecting electoral roll revision from impediments, and directing the central administration to draft a multi stakeholder SOP to tackle large scale digital financial fraud.
February 9, 2026
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Lok Sabha Speaker removal notice proposed over disallowing opposition speeches, suspension of MPs, and alleged unaddressed allegations.
Opposition parties are preparing a notice under Article 94-C to move a resolution for the removal of the Lok Sabha Speaker for disallowing the Leader of the Opposition and others from speaking on the Motion of Thanks and for the suspension of eight opposition MPs; over 100 MPs have signed the draft notice, and opposition leaders have sought revocation of the suspensions and permission to debate, while the Speaker said he would consult the government before responding.
February 9, 2026
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Unpublished military memoir circulated online prompts FIR and Special Cell probe into unauthorized pre-release distribution.
An FIR alleges unauthorized circulation of a pre-print copy of an unpublished book by the former Chief of Army Staff after a PDF and finished cover image surfaced online without required clearance; the case has been registered with the Special Cell to investigate the purported leak or breach, identify the source, and examine distribution via social media and online platforms.
February 9, 2026
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Banks may extend collateral-free loans up to Rs 25 lakh to MSEs based on their track record.
Banks may dispense with collateral for loans to Micro and Small Enterprises up to a base limit of Rs 20 lakh and, based on the MSE unit's good track record and financial position, increase that dispensation up to Rs 25 lakh under their internal policy; banks may use Credit Guarantee Scheme cover where applicable and accepting voluntarily pledged gold and silver for loans within the collateral-free limit will not breach the mandate. The amended lending directions become effective April 1, 2026.
February 9, 2026
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Pakistan will invest USD 1 billion in AI by 2030 to build an AI ecosystem and scale education and workforce training.
The government committed USD 1 billion to build a national AI ecosystem by 2030, to be supported by an AI curriculum rollout in federally run schools and in Pakistan occupied Kashmir and remote Balochistan, 1,000 fully funded PhD scholarships in AI by 2030, and a nationwide program to train one million non IT professionals in AI skills to expand research capacity and workforce upskilling.
February 9, 2026
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India-US trade pact grants quota-based auto duty cuts and tariff reductions, expanding preferential market access for key sectors.
The pact calibrates tariff concessions and quota mechanisms to grant reduced or zero duties on specified industrial and agricultural exports, using immediate and phased eliminations, tariff reductions, margins of preference and Tariff Rate Quotas for sensitive items; automobiles, medical devices and electric vehicles are managed through quotas, phased schedules or exclusions, while select agricultural products receive zero additional duty and highly sensitive items remain exempt.
February 9, 2026
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Rahul Gandhi accused of systematic disruption of parliamentary proceedings and undermining constitutional institutions, BJP says.
BJP accuses Rahul Gandhi of systematic disruption of parliamentary proceedings and deliberately undermining constitutional institutions by obstructing sittings, evading substantive debate, and converting Parliament into a political battleground. The party cites obstruction of the President's Address, tearing papers at the Speaker's chair, heckling, absences from Budget debates, and alleged foreign contacts and remarks as illustrative conduct, framing these acts as demonstrating disregard for democratic norms and parliamentary decorum.

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Infrakraft Signs a Landmark MOU with Andhra Pradesh Government to Establish Advanced Manufacturing Hub for Architectural and Construction Technology

February 9, 2026

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Kuppam, Andhra Pradesh, India – Business Wire India InfraKraft, a design-first architectural manufacturing company led by CEO and Co-Founder Bhaskar Kumar, has formalized a Memorandum of Understanding (MOU) with the Government of Andhra Pradesh for a 50 crore investment to establish a state-of-the-art integrated manufacturing facility in Kuppam. The agreement was signed following a meeting with the Honourable Chief Minister N. Chandrababu Naidu and senior officials, marking a significant step towards positioning Andhra Pradesh as a national and global hub for advanced architectural manufacturing. Strategic Alignment with State’s Vision Planned across a 3 lakh sq. ft. site, the facility aligns with the state's focus on Smart R&D cluster development, strategic projects, infrastructure security, and long-term industrial growth. InfraKraft's collaboration with the government is driven by the belief that next-generation manufacturing requires policy support, skilled workforce development, and resilient infrastructure, not just capital investment. High-Tech Manufacturing Capabilities for Architectural Production Unlike conventional factories, the planned InfraKraft facility is designed as an industrial-grade, tech-engine for complex architectural production. At full capacity, it is projected to generate an annual output of 200 to 250 crore and support approximately 1,400 direct and indirect jobs across manufacturing, digital operations, logistics, and allied services. The plant is envisioned to function as the leader of the space-beautification and building enhancement market, enabling industrial-scale production of highly complex architectural elements. Developing The Kuppam Hub: A Connected Ecosystem of Precision Manufacturing At the core of the project is a hub-and-spoke manufacturing model, with Kuppam acting as the central production hub connected digitally to architects and designers across India and international markets. The model allows design data from cities such as Mumbai, London, or New York to flow directly into InfraKraft's manufacturing systems, enabling precise execution irrespective of geography. The facility will deploy a next-generation Industry 4.0 technology stack that goes beyond conventional CNC or basic 3D printing. Planned capabilities include industrial-grade 3D scanning and photogrammetry for digitising intricate heritage and architectural elements, digital twin systems for real-time simulation and error prediction, large-format additive manufacturing for rapid prototyping and master-pattern creation, and advanced five-axis CNC machining for wood, stone, metal, GRC, UHPC, and brass. These systems will be integrated through cloud-based manufacturing execution platforms, IoT-enabled monitoring, and predictive quality-control analytics. Precision manufacturing forms the backbone of InfraKraft's approach. In architectural production, even minor inaccuracies can compromise installation, durability, and structural integrity. InfraKraft's proprietary Point Intervention technology addresses this by applying advanced technology, particularly at critical production bottlenecks, such as master-pattern creation or mould accuracy, while preserving design intent and craftsmanship. This ensures repeatable precision at scale without stripping projects of their artistic and cultural essence. Catalyst for Local Economy and Skilling Beyond production output, the facility is designed to act as a catalyst for the local economy. While employment generation is significant, the long-term focus is on creating digitally skilled micro-entrepreneurs, operators trained to manage advanced digital workflows and precision machinery rather than manual, repetitive labour. InfraKraft plans to work closely with the District Collector, Kuppam Project Director, and the MSME Department of the Government of Andhra Pradesh, whose proactive support has been instrumental in advancing the project to this stage. Long-Term Vision and Nationwide Expansion With the MOU now in place, the facility represents a major milestone and a firm commitment. InfraKraft views it as the foundational step in a long-term vision to replicate this model across multiple locations, building a nationwide network of advanced manufacturing hubs. Together, these facilities aim to redefine architectural manufacturing in India, making it precise, scalable, and globally competitive while remaining rooted in design integrity. Media Contact Details: Dilpreet Kaur, MINITINS Studio, [email protected] To View The Image, Click On The Link Below Formalizing Strategic Investments for Manufacturing Advancements: N.Chandrababu Naidu, CM Andhra Pradesh with Infrakraft Co-founders Bhaskar Kumar and Aviral Kedia (Disclaimer: The above press release comes to you under an arrangement with Business Wire India and PTI takes no editorial responsibility for the same.). PTI

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