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February 9, 2026
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India-US interim trade agreement cuts tariffs to 18% and commits to $500bn purchases, reshaping investment and supply chains.
A newly announced interim trade agreement reduces US tariffs on specified Indian goods to 18% while India preserved protections for sensitive agricultural sectors like dairy. The pact commits India to procure USD 500 billion of US goods over five years and establishes cooperation in critical minerals and AI supply chains, measures that are expected to redirect investment flows and influence sectoral prospects in infrastructure, technology, energy, aircraft, and defence.
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.
A luxury car allegedly driven by a businessman's son struck pedestrians and vehicles, injuring several persons; police seized the vehicle, provided primary treatment to the injured, rescued and hospitalized those involved, and stated that an FIR will be registered with further legal action to follow. Victims alleged aggressive conduct by the accused's associates, claims of influence delaying case registration, and pressure toward compromise, raising concerns about impartial investigation and potential obstruction.
February 8, 2026
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Japanese prime minister's party wins supermajority, enabling major shifts in defense, immigration, and security policy.
A more-than-two-thirds lower-house majority gives the governing party an enhanced capacity to enact a right-leaning legislative program focused on revising security and defense policy to allow offensive capabilities, lifting the weapons-export ban, increasing defense spending, and advancing proactive economic and technology investments, alongside tougher immigration, property and anti-espionage measures that observers warn could impinge on civil rights and raise funding and diplomatic-management questions.
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.
A proposed Automotive Research Association centre in Mandya will have an initial Rs 500 crore investment and require 100 acres; funds are earmarked and the Union Minister has requested state land allocation while the state revenue department has directed local officials to identify suitable land.
February 8, 2026
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Trainer aircraft crash-lands near Belagavi after suspected fuel starvation; regulatory investigation and FTO oversight underway.
Suspected fuel starvation forced a Cessna 172 trainer to make a precautionary landing; both occupants survived and the aircraft broke into pieces. The aircraft held a certificate of airworthiness and an Airworthiness Review Certificate valid through August 3, 2026, and was operated by a flying training organisation with active FTO approval. The Directorate General of Civil Aviation and the Aircraft Accident Investigation Bureau will carry out further investigation. The operator reported cooperation with regulators and reinforced pre flight inspection procedures, against a background of prior accidents and temporary suspension actions involving the same academy.
February 8, 2026
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India Malaysia ties to deepen across trade, defence, semiconductors and counter terrorism with 'no double standards' stance.
India and Malaysia agreed to deepen cooperation in trade, investment, defence, energy, advanced manufacturing and semiconductors, signing 11 agreements including a semiconductor framework and an anti corruption cooperation pact. They endorsed local currency trade settlements and tasked central banks to operationalise modalities. Security cooperation will intensify across counter terrorism, intelligence sharing, maritime security and defence, with a stated policy of no double standards on terrorism and efforts to counter radicalisation, terrorist financing and misuse of emerging technologies. Malaysia reaffirmed support for India's permanent seat in a reformed UN Security Council.
February 8, 2026
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Tamil Nadu pension funding: government pledges Rs13,000 crore and Rs11,000 crore annual contribution to assured pension scheme.
State officials attribute reduced tax transfers and GST-related revenue declines to deliberate central action, prompting a response to employee demands via a government panel and the announcement of the Tamil Nadu Assured Pension Scheme, which injects Rs 13,000 crore into the Pension Fund and requires an annual state contribution of Rs 11,000 crore to ensure continued payment of salaries and pensions.
February 8, 2026
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Left Wing extremism framed as an ideology driven security challenge; policy to prioritise ideological contestation and surrender incentives.
Left Wing extremism is characterised as an ideology driven security challenge distinct from underdevelopment or ordinary law and order failures. The text argues that Maoism's reliance on violence contradicts democratic constitutional mechanisms, disputes developmental causation with comparative evidence, and advocates policy measures prioritising ideological contestation alongside surrender and reintegration incentives. It links ideological governance to measurable improvements in regional development and counterinsurgency outcomes.
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.
Nitin Nabin, newly elected BJP national president, will attend the Bihar Legislative Assembly budget session on Tuesday and will meet the Bihar BJP legislature party leader and members at the party office in Patna during a two-day visit that also includes public events and an organisational meeting.

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Ahmedabad University Announces Institute of Manufacturing and Economy at R&D Conclave on the Changing Nature of Innovation

February 9, 2026

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Ahmedabad, Gujarat, India (NewsVoir) India stands at a critical juncture, with manufacturing expected to drive the next phase of growth and development. Recent Free Trade Agreements are expected to intensify global competition while opening new opportunities for Indian firms to integrate into global markets. At the same time, India’s development trajectory will require increasing manufacturing’s contribution to GDP from about 15 percent to 25 percent, while addressing a dual challenge of leading in innovation-driven, technology-intensive manufacturing and enabling labour-intensive enterprises to achieve high productivity and create jobs.

These imperatives formed the backdrop to the R&D Conclave on the Changing Nature of Innovation, held at Ahmedabad University in collaboration with the Centre for Technology, Innovation and Economic Research (CTIER). The Conclave brought together perspectives from national research and funding institutions, government, industry, and academia, including participation from the Anusandhan National Research Foundation (ANRF), the Ministry of Electronics and Information Technology, Centre for Sustainable Energy and Mobility (C-SEM) and industry leaders from Tata Chemicals, Pidilite Industries Limited, and NXP Semiconductors.

In his keynote address at the conclave, Shivkumar Kalyanaraman, Chief Executive Officer of ANRF, spoke about the various mechanisms being put in place to strengthen collaboration between industry and academia in advanced manufacturing. He also emphasised the growing importance of interdisciplinary approaches in addressing complex technological and manufacturing challenges, and the need to align research, talent development, and industrial capability building.

On the sidelines of the Conclave, Ahmedabad University announced the setting up of the Institute of Manufacturing and Economy to rethink the future of manufacturing in relation to innovation, productivity, and economic strategy.

The transformation of manufacturing demands advances in materials, processes, and digital manufacturing, alongside stronger linkages between small and large firms and better coordination across supply chains. It also requires new approaches to talent development and to research, both managerial and technological, to enhance productivity and innovation.

Conceived in response, the Institute of Manufacturing and Economy brings together scientists, engineers, economists, managers, social scientists, policymakers, and industry practitioners, and treats manufacturing as a cross-disciplinary challenge spanning engineering, management, public policy, economics, and science, with a strong emphasis on collaboration with industry and government.

“Manufacturing challenges cannot be addressed in isolation. Envisioned as a leading global centre for research, education, innovation, and industrial problem-solving, the Institute recognises that productivity, technology adoption, research translation, workforce readiness, and supply chain coordination require integrated perspectives and sustained collaboration between academia, industry, and policymakers,” said Professor Pankaj Chandra, Vice Chancellor of Ahmedabad University. Through sustained engagement with firms and industrial clusters, the Institute aims to translate research into solutions relevant to manufacturing practice while developing a distinct and informed point of view on Indian manufacturing.

According to Professor Sunil Kale, Dean of the School of Engineering and Applied Science and Co-Director of the Institute, strengthening manufacturing requires close engagement with firms alongside a deep understanding of industrial policy, labour capabilities, productivity, and innovation systems. Advanced manufacturing will require systems integration that brings AI into various production domains. The Institute is planned to work closely with manufacturing industry in India.

The Institute’s activities will include new product and process optimisation, executive education programmes, manufacturing clinics for SMEs, publishing policy and competitiveness reports, and the biannual Stepwell Manufacturing and Economy Dialogue. It will also support postgraduate education at Ahmedabad University in areas such as composites, microelectronics and semiconductors, advanced manufacturing, 3D printing and operations management, alongside initiatives that support startups in advanced manufacturing.

The Institute draws on the breadth and depth of facilities at Ahmedabad University, including cutting-edge laboratories, fabrication and prototyping shops, The Learning Factory, VentureStudio, Tinkerers’ Laboratory, High Performance Computing infrastructure, Bloomberg Laboratory and incubation and research infrastructure. These facilities will support collaborative research, prototyping, testing, and training in partnership with industry. Through its integrated approach to research, education, and industry collaboration, the Institute of Manufacturing and Economy seeks to contribute to India’s transition towards a high-productivity, innovation-driven manufacturing ecosystem.

About Ahmedabad University Ahmedabad University is a leading private, non-profit research university offering students a liberal education focused on interdisciplinary learning, practice orientation, and research thinking.

The University has been • Recognised by the Government of Gujarat as a Centre of Excellence.

• Accredited with 'A' grade by the National Assessment and Accreditation Council (NAAC).

• Awarded Leadership and Management Team of the Year at the Times Higher Education Awards Asia 2025.

• Awarded a 5-star rating, the highest awarded in the Gujarat State Institutional Rating Framework (GSIRF) for 2021-22 and 2023-24, by the Knowledge Consortium of Gujarat (KCG), Department of Education, Government of Gujarat.

• Awarded the Royal Institute of British Architects (RIBA) International Award for Excellence 2024 for our University Centre.

• Awarded a 'Platinum Rating' by the Indian Green Building Council for sustainability and green practices.

• Recognised by the UGC under Section 12(B) of the UGC Act, becoming one of the very few private research universities to have been awarded this recognition for select research universities.

• Recognised as a Highly Commended University for Teaching and Learning Strategy of the Year in the Times Higher Education (THE) Awards Asia 2023.

• Awarded the AACSB’s Innovations That Inspire Award 2023 for its Foundation Programme.

• Awarded Gold Rating by the Indian Green Building Council for achieving the Green Building Standards at our University Centre.

The University, established in 2009, is rooted in the vision of one of India’s finest educational foundations, the Ahmedabad Education Society, which was founded in 1935 by nationalist leaders. Programmes at the University range from bachelors to doctoral levels in humanities and social sciences, natural sciences, engineering, and management through its 14 Schools and Centres: Amrut Mody School of Management | Bagchi School of Public Health | School of Arts and Sciences | School of Engineering and Applied Science | Ahmedabad Design Lab | Centre for Heritage Management | Centre for Learning Futures | Global Centre for Environment and Energy | International Centre for Space and Cosmology | Sahyog: Centre for Promoting Health | Stepwell Centre for Asian Futures | The Climate Institute | The Institute of Manufacturing and Economy | VentureStudio An urban university, Ahmedabad promotes independent-mindedness and diversity across all dimensions of its activity and helps students mature into critical thinkers who are analytically equipped, practically oriented, and contextually aware global citizens. The University provides a contemporary educational framework that brings liberal arts, sciences, and the professions to engage together in creating new knowledge for addressing complex challenges of the society and in offering majors that merge the boundaries of disciplines to prepare students for the new economy.

(Disclaimer: The above press release comes to you under an arrangement with Newsvoir and PTI takes no editorial responsibility for the same.). PTI PWR

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