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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
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    Over 47 lakh members getting less than Rs 9,000 monthly pension under EPS-95: Labour Min
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    Delhi Police files FIR over circulation of ex-chief of Army staff Narvane's unpublished book
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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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'Made in India – The story of Desh Bandhu Gupta, Lupin and Indian Pharma' Book Launched in Mumbai

February 9, 2026

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MUMBAI, India, Feb. 9, 2026 /PRNewswire/ -- Made in India, written by Sundeep Khanna and Manish Sabharwal, traces three remarkable journeys: the rise of India's pharma industry, the birth and evolution of Lupin (BSE: 500257) (NSE: LUPIN) (REUTERS: LUPIN.BO) (BLOOMBERG: LPCIN) and the extraordinary life of its founder, Desh Bandhu Gupta. Together, the three journeys illuminate how a country once completely dependent on imported medicines became the world's pharmacy. The book shares how an individual's life, shaped early by adversity, growing up without privilege or patronage, unpredictably nurtured hunger and drive, to navigate an unforgiving state, blend national health priorities and global standards, to build a multibillion-dollar enterprise whose medicines reach patients in over 120 countries. Made in India shows the distance travelled by a village boy from Rajasthan, who went on to become a teacher, professor and pharmaceutical employee, before founding a company worth $10 billion. It is the story of how an unlikely entrepreneur, given his role models, fought the system and left teaching and pharma jobs, going on to build a successful company, giving wings to a world-class industry and became a business icon for a nation. Written with candor by TeamLease Services co-founder Manish Sabharwal and journalist Sundeep Khanna, the book confronts failures, financial crises, and the personal toll of leadership, alongside achievement and success, in the building of one of the world's biggest generics firms. This is a riveting portrait of entrepreneurship without mythmaking – of how institutions are built slowly, tested severely and rebuilt with resolve. Made in India weaves vivid anecdotes tracing Desh Bandhu Gupta's transformation from a humble professor to a pharma titan, finding his true calling in tending to the unmet needs of people. It issues a powerful call to future leaders, showcasing his journey of visionary entrepreneurship: rising from setbacks with raw grit and unshakeable conviction. Made in India also spotlights Desh Bandhu Gupta's wife Manju Gupta's pivotal role amid the trials and triumphs of building Lupin. Together, the couple also built community service and rural support programs, even as Lupin and India became a reliable global supplier of pharmaceuticals. India has today become the world's pharmacy: Nearly half of the 400 billion pills Americans consume every year are made in India, as are 60 per cent of the world's vaccines. Of the 700 US Food and Drug Administration-approved factories that sell medicines in the US, a third are located in India. The co-creators of Indian pharma – Dr. Yusuf Hamied (Cipla), Anji Reddy (Dr. Reddy's), Parvinder Singh (Ranbaxy), Dilip Shanghvi (Sun), Ramanbhai Patel (Zydus-Cadila), Habil Khorakiwala (Wockhardt) and DBG (Lupin) – matter more to India than their companies' revenues, exports or profits because they saw something no one else did. Together, they raised India's soft and hard power, demolished the myth that multinationals possess unfair advantages over Indian companies, and ended pessimism about India's ability to export goods, making pharma India's biggest manufacturing success. Together, they showed the world that a developing nation can dominate a complex industry when brilliant entrepreneurs meet smart policy. Together, they made India 'Pharmacy to the world'. Made in India came alive during the launch as the authors, and the publisher shared their journeys, followed by a rich and engaging panel discussion on 'Past and Future of Indian Pharma' with pharma leaders Dilip Shanghvi, Sun Pharma, Dr. Yusuf Hamied, Cipla, G.V. Prasad, Dr. Reddy's, Vinita Gupta, Lupin, and Prof. M. M. Sharma, Ex-(UDCT) ICT. The panel discussed insights on leadership, nation-building, and the Indian pharma industry's crucial role in making healthcare affordable and accessible globally. Praise for the book: Dilip Sanghvi of Sun Pharma said, "DBG was a visionary whose heart beat for India and for Indian patients. His relentless focus on excellence defined his personality. He was a remarkable role model for all of us and one of the true architects who helped shape India's journey to becoming the pharmacy to the world". Yusuf Hamied of Cipla said, "DBG built Lupin from extremely modest beginnings, guided by determination and a deep commitment to serving patients. DBG's life story is not only inspiring, but also a reminder of how one individuals purpose can make healthcare accessible and affordable across the world". Made in India is a book for everyone thinking about India's place in the world, seeking role models of a world leading industry from India, entrepreneurs and business people looking for inspiration about building a valuable company, and finally, India's young and their parents, aiming to build ambition, exploration and determination. About Lupin Lupin Limited is a global pharmaceutical leader headquartered in Mumbai, India, with products distributed in over 120 markets. Lupin specializes in pharmaceutical products, including branded and generic formulations, complex generics, biotechnology products, and active pharmaceutical ingredients. Trusted by healthcare professionals and consumers globally, the company enjoys a strong position in India and the U.S. across multiple therapy areas, including respiratory, cardiovascular, anti-diabetic, anti-infective, gastrointestinal, central nervous system, and women's health. Lupin has 15 state-of-the-art manufacturing sites and 7 research centers globally, along with a dedicated workforce of over 24,000 professionals. Lupin is committed to improving patient health outcomes through its subsidiaries - Lupin Diagnostics, Lupin Digital Health, and Lupin Manufacturing Solutions. Lupin Human Welfare and Research Foundation has impacted more than 2.02 million beneficiaries across 5400 villages in 26 districts, spread across eight states in India. To know more, visit www.lupin.com or follow us on LinkedIn https://www.linkedin.com/company/lupin Photo: https://mma.prnewswire.com/media/2889765/Panel_Discussion_Lupin.jpg' alt='Embedded Media' /> Photo: https://mma.prnewswire.com/media/2889762/Book_Launch_Lupin.jpg' alt='Embedded Media' /> Logo: https://mma.prnewswire.com/media/2461104/Lupin_Logo.jpg' alt='Embedded Media' /> (Disclaimer: The above press release comes to you under an arrangement with PRNewswire and PTI takes no editorial responsibility for the same.). PTI

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