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February 9, 2026
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Raw jute crisis: traders urged to liquidate stocks as government considers time bound regulatory intervention to ensure supply
The IJMA reported traders are withholding 25-30 lakh bales, pushing prices to Rs 13,000/quintal and threatening mills and workers; it asked that trader stock limits be reduced to zero by March 31 and that all stocks be compulsorily liquidated to operating mills or tendered to the Jute Corporation of India to restore supply. The ministry indicated openness to extraordinary, time bound regulatory intervention, urgent review of raw jute seed exports, and strict action against speculators to ensure jute bag availability for RMS 2026-27.
February 9, 2026
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IIT Bombay-WashU Joint Executive MBA launches 11th cohort: 18 month global EMBA focusing on applied leadership and international immersion.
The IIT Bombay-Washington University Joint Executive MBA Program's 11th cohort begins an 18 month, jointly delivered executive education course emphasizing global faculty engagement, international immersion, a rigorous applied curriculum, and development of strategic, interdisciplinary leadership skills for experienced executives across diverse industries.
February 9, 2026
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Crypto presale promotions include explicit risk disclosures and liability exclusions; not investment advice, seek independent financial advice.
The publication markets three cryptocurrency presales with staged pricing, token bonuses, and high return claims while containing an explicit risk disclosure: content is general market commentary and not investment advice; cryptocurrency trading carries high risk and may not suit all investors; readers should seek independent financial advice. Publishers disclaim liability for any loss or damage from reliance on the information, state the content is published as received and not edited, and note that distributing parties assume no editorial responsibility under the press release arrangement.
February 9, 2026
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NUDGE campaign uses data-driven prompts to encourage taxpayer compliance before penalties are imposed and may be adopted across government.
The Income-Tax Department's NUDGE initiative is a technology-enabled, non-intrusive data-driven prompting mechanism that notifies taxpayers of identified compliance gaps and encourages voluntary correction and payment before initiation of penal proceedings, operating under the seven-element SAKSHAM framework to guide assessing officers' use of reporting-entity data for improved taxpayer communication.
February 9, 2026
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February 9, 2026
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Indian Ocean naval cooperation convenes chiefs to advance non-binding maritime security cooperation and capacity building.
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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.
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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.
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February 9, 2026
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Lok Sabha adjourned after a standoff over Rahul Gandhi's demand to speak before the Budget debate.
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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.
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February 9, 2026
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AI music therapy for cancer patients offers patented adaptive pain relief with clinical validation and investor backing.
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February 9, 2026
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February 9, 2026
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KRAFTON records KRW 3.3266 trillion annual revenue and plans franchise expansion, AI innovation, and M&A.
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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.

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China and ASEAN Celebrate the Chinese Spring Festival Together

February 9, 2026

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JAKARTA, Feb. 6, 2026 /Xinhua-AsiaNet/-- 2026 marks the 35th anniversary of the establishment of dialogue relations between China and ASEAN and the 5th anniversary of the establishment of the China-ASEAN Comprehensive Strategic Partnership. It also coincides with the Year of the Horse in Chinese Spring Festival. On February 5, the "Steeds Herald Spring, Blessings Fill ASEAN" - Spring Festival @ ASEAN Headquarters 2026 was successfully held at the ASEAN Headquarters in Jakarta, Indonesia.

The event, supported by the Mission of the People's Republic of China to ASEAN, the Permanent Mission of Malaysia to ASEAN, and the ASEAN Secretariat, was hosted by the Information Office of the People's Government of Guangxi Zhuang Autonomous Region, China, and the Department of Culture and Tourism of Guangxi Zhuang Autonomous Region, China, and jointly organized by Guangxi Daily (Guangxi International Communication Center), Guangxi Radio and Television, Guangxi Tourism Development Group, and Guangxi Cultural Industry Group. More than 250 guests attended the event, including envoys from the 11 ASEAN countries and external partners such as the United Kingdom, Australia, South Korea, and Brazil, senior officials from the ASEAN Secretariat, representatives from mainstream ASEAN media, local university faculty and students, and representatives from Chinese-funded enterprises.

This marks the first time that Chinese Spring Festival cultural activities have been held at the ASEAN Headquarters. With the deepening of globalization, the traditional festival of Spring Festival is not only a time for family reunions for the Chinese people, but also a new bond for dialogue between different civilizations. The Chinese Spring Festival embodies the philosophy of "harmony and coexistence", which aligns perfectly with the ASEAN countries' pursuit of "unity and cooperation". Furthermore, the sustainable development concept of "rejuvenating the old and welcoming the new" resonates strongly with the ASEAN region's vision of "common prosperity".

The event invited guests from around the world to gather together, celebrating the Spring Festival for the Year of the Horse, savoring the flavors of the Chinese Spring Festival, and appreciating the beauty of the arts. The opening performance, "The Beauty of China: Guangxi's Zhuang Ethnic Charm", featured a symbolic dance and connected it with a classic excerpt from the Caidiao Opera "Liu Sanjie", including the "Antiphonal Song", creating an artistic masterpiece that blends Eastern poetry with innovative ingenuity. The Chinese instrumental performance, "Chinese Chic Performance for Celebrating the Spring Festival of the Year of the Horse", featured erhu and suona as the main instruments, playing classic melodies such as the theme song from "Journey to the West" and "Black Myth: Wukong", converging into a "National Trend IP Music Festival". When Guangxi ethnic instruments, the maguhu (horse-bone fiddle) and the bolie, met Indonesian gamelan, Chinese and Indonesian musicians jointly performed classics like "Jasmine Flower" and "Folk Songs Like Spring River Water" making the phrase "high mountains and flowing water meet a kindred spirit" more concrete and creating a lasting artistic resonance.

During the event, Guangxi Daily (Guangxi International Communication Center), Guangxi Radio and Television, together with ASEAN media such as TVRI, El John TV, and Harian Inhua, jointly launched the China-ASEAN Spring Festival Short Video Exhibition Week. Using short videos as a link, the event showcased the joyous scenes of China and ASEAN countries celebrating the Spring Festival together from multiple dimensions, inviting netizens around the world to jointly celebrate the Chinese Spring Festival as a global festival through the Internet.

On the same day, the "Spring Blessings for Success at the Year of the Horse" Chinese Spring Festival Cultural Exhibition and the "Instant Joy Market" Spring Festival Cultural Market were held simultaneously at the ASEAN Headquarters. Guests from various countries experienced the hospitality of "Tea Harmonies the World" through immersive experiences that included playing, appreciating, and tasting, creating "Ancient Charm and Blessings" calligraphy and painting rubbings, admiring the exquisite paper-cutting art, and enjoying a feast of Spring Festival delicacies from all directions.

The most surprising experience for the guests was exploring the smart future using Guangxi's cutting-edge AI technology. Guests from various countries experienced intelligent translation devices and wore AR glasses, immersing themselves in barrier-free communication and exploring the thousand-year-old legend of the Zuojiang Huashan Rock Art Cultural Landscape. Hardy Chung, a reporter from Harian Inhua, remarked that China's AI technology not only accurately depicted the beautiful scenery of the Spring Festival but also vividly expressed the touching story of ASEAN and China being connected by mountains and seas and sharing good neighborly friendship, presenting a beautiful picture of cooperation towards the future.

On February 4th, two "Instant Blessings" Pop-Up Events were held at the Halim Station of the Jakarta-Bandung High-Speed Railway and the Mall Central Park in Jakarta, Indonesia, creating a festive atmosphere for the Chinese Spring Festival. Performers from Guangxi presented a variety of acts including song, dance, opera, and puppetry, attracting many locals to participate in interactive activities, join in the "Guangxi Kemusan Dance", and share the joy of the Spring Festival. Yi Yan, a social media blogger traveling and living in Indonesia, exclaimed, "This year's Spring Festival atmosphere in Jakarta is different!" This event attracted more than 20 media outlets, including People's Daily, Xinhua News Agency, China Media Group, China News Service, TVRI, METRO TV, bolong.id, and Vietnam News Agency to report on the event and widely spread the concepts of peace, amity, and harmony in the Spring Festival to people at home and abroad.

Source: The Information Office of the People's Government of Guangxi Zhuang Autonomous Region (Disclaimer: The above press release comes to you under an arrangement with Asianet and PTI takes no editorial responsibility for the same.). PTI PWR

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