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    CGST Delhi South officials arrest one company director in fraudulent availing ITC of ₹6.53 crore
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February 14, 2026
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Input tax credit fraud exposed; director arrested after probe finds bogus suppliers and inadmissible credits used to discharge tax liabilities.
Investigation by the Anti Evasion Branch found that the company availed inadmissible Input Tax Credit on the basis of invoices from bogus or non functional suppliers, and without actual receipt of goods, using those credits to discharge GST liabilities in contravention of the Central Goods and Services Tax Act, 2017; a company director was arrested and remanded while the probe to trace fund flows and other beneficiaries continues.
February 13, 2026
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India-US interim trade deal provoked uproar; Speaker faced removal notice and MPs were suspended during Budget session.
India-US interim trade agreement and the unpublished memoir dispute triggered disruptions in the first leg of the Budget session, leading to eight MPs being suspended, a notice to remove the Speaker and the Speaker's refusal to occupy the chair until that notice is disposed of; the Lok Sabha adopted the Motion of Thanks without the prime minister's reply while the Rajya Sabha completed debate and adopted the Motion amid an opposition walkout, and Parliament passed an amendment to the Industrial Relations Code.
February 13, 2026
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Retail liquor prices to rise as Uttar Pradesh raises licence fees, reforms MRP and launches an excise export policy.
The excise policy raises the minimum guaranteed revenue (MGR)/licence fee for retail liquor shops and bhang shops, adjusts special additional excise duty on IMFL, and reforms MRP by rounding most country liquor and UPML to the next multiple of Rs 10 while introducing a new 100 ml UPML pack; it also creates a standalone excise export policy to promote distilling and logistics investment and requires retail allotments primarily by renewal with district collectors authorised to approve relocations.
February 13, 2026
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Iridium scam network using fake central bank IDs defrauded investors of crores; six arrested, investigation ongoing.
An inter-state fraud operation used a fake commodity investment scheme claiming funds held with the central bank to obtain payments via staged interviews, counterfeit identity cards, biometric collection and forged documents. The facts give rise to allegations of impersonation, forgery, cheating and criminal conspiracy. Law enforcement conducted coordinated arrests across jurisdictions, seized mobile phones and laptops, and is investigating further victims and participants while advising potential victims to file complaints to assist evidence collection and tracing.
February 13, 2026
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Spectrum allocation ruled not an asset and therefore not subject to insolvency proceedings under applicable insolvency rules.
Allocation of electromagnetic spectrum to telecom service providers was held not to constitute an asset capable of being brought into insolvency proceedings, limiting the scope of creditor remedies under the insolvency regime. The NIA was granted an additional 45 days to continue its probe into a blast, and an individual was released on bail in a decades-old criminal case, illustrating ongoing judicial oversight of investigations and pretrial liberty decisions.
February 13, 2026
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Lodha Developers ex-director accused of laundering over Rs 85 crore using front entities, forged MOUs and benami land deals.
Allegations state a former director exceeded limited authority to orchestrate unauthorized transactions that generated, concealed and laundered proceeds of crime exceeding Rs 85 crore by using front entities, benami arrangements, forged MOUs, diversion of company funds through controlled entities, cash withdrawals, undervalued alienation of company land and Transferable Development Rights, and fraudulent allotment of residential units to benefit associates.
February 13, 2026
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Rupee falls to 90.66 as forex reserves decline and a new CPI series is introduced, weighing on markets.
The rupee weakened to 90.66 per US dollar amid a firmer dollar, weak domestic equities, and foreign institutional investor outflows, while RBI data showed a notable weekly decline in forex reserves. Authorities introduced a new Consumer Price Index series with expanded coverage and re-weighted constituents to better inform monetary and fiscal policy.
February 13, 2026
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Supreme Court updates: spectrum ruled non IBC asset; Himachal local polls deadline extended; directions on probes and enforcement.
The Court extended the Himachal Pradesh deadline for local body elections to May 31, required an investigative agency to file a status report on multiple FIRs arising from ethnic violence, ordered a rusticated minor be permitted to sit Class 10 exams with the examination council issuing an admit card, signalled that substantial security may be required in enforcement of a foreign civil judgment if contested, and held that telecom spectrum allocations are not assets subject to proceedings under the Insolvency and Bankruptcy Code.
February 13, 2026
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Spectrum allocated to telecom providers is not an IBC asset; licensing rights do not create proprietary title for insolvency.
Spectrum allocated to telecom service providers is not susceptible to IBC proceedings because the Union retains ownership and the telecommunications statutes and regulatory framework govern administration, use, transfer, and licensing; recognition of spectrum licensing rights as an intangible asset in financial statements does not create proprietary title, and absent transfer of title such licensing rights are not part of the insolvency asset pool.
February 13, 2026
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Priority sector lending potential estimated at Rs 4.88 lakh crore for FY27, with major allocations to agriculture and MSMEs.
NABARD's State Focus Paper projects a priority sector credit potential of Rs 4.88 lakh crore for FY27, allocating Rs 2.24 lakh crore to agriculture and allied activities and Rs 2.27 lakh crore to MSMEs, with block level sub sector estimates to inform the annual credit plan and align financial institutions with development priorities.
February 13, 2026
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Andaman bank fraud: Enforcement Directorate attaches Rs 200 crore in properties under PMLA, linking assets to shell companies.
The Enforcement Directorate, by a provisional order under the Prevention of Money Laundering Act, attached 51 immovable properties worth Rs 200.02 crore allegedly derived from a Rs 500 crore fraud at the Andaman and Nicobar State Cooperative Bank; assets are held in names of accused persons, relatives, associates and controlled firms. The ED alleges use of 23 shell companies, dummy directors and powers of attorney to conceal consideration and that over 100 high-value loans were sanctioned in violation of NABARD, RBI and internal bank directives; a chargesheet against 39 entities was filed in November 2025.
February 13, 2026
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Startup India expands funding, tax reliefs and compliance relaxations to boost venture financing, ESOP flexibility and GST ease.
Startup India recognises over 2.07 lakh startups and deploys three principal funding mechanisms-Fund of Funds for Startups (FFS) via SIDBI backed AIFs (Rs. 25,547.98 crore invested), Startup India Seed Fund Scheme (SISFS) providing grants/convertible/debt through incubators (Rs. 590.93 crore approved), and a Credit Guarantee Scheme for Startups (CGSS) guaranteeing loans (circa Rs. 808.18 crore). Concurrent regulatory and tax easements include profit linked tax deductions, ESOP TDS deferral, carry forward/set off relaxations, GST procedural reforms (simplified registration, QRMP, provisional refunds, interest/penalty waivers, reduced pre deposits) and Companies Act compliance relaxations (optional cash flow, deposit exemptions, reduced board meeting frequency, ESOP and convertible note flexibilities).
February 13, 2026
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Greenfield industrial cities: SPVs formed for 12 projects, EPCs appointed for nine, environment clearances for eleven.
All twelve greenfield industrial city projects have incorporated Special Purpose Vehicles; equity released to nine SPVs; Programme Managers for New Cities appointed for nine projects; EPC contractors appointed for nine projects with one additional contractor finalised; eight EPC contracts had been awarded for internal trunk infrastructure as of January 2026 with one further award thereafter; environment clearances secured for eleven projects and foundation stones laid at two projects.
February 13, 2026
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Lead Bank Scheme draft revises governance, roles, and committee structures; public comments invited by March 6, 2026.
Draft circular revising the Lead Bank Scheme aims to refine Scheme objectives, clarify governance by specifying structure, membership and agenda of fora, and delineate roles and responsibilities of key functionaries. It also proposes measures to strengthen the State Level Bankers' Committee and Lead District Manager offices. Public comments are invited by email using a prescribed subject line within the stated deadline.
February 13, 2026
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RBI draft directions on loan recovery require fair treatment, due diligence, training, and codes for recovery agents.
The Reserve Bank of India has issued draft Amendment Directions extending responsible business conduct requirements on loan recovery and engagement of recovery agents to all regulated entities, specifying safeguards on fair treatment of borrowers, conduct of lender employees and agents, due diligence, training, and a code of conduct for recovery agents, and inviting public comments through prescribed channels.
February 13, 2026
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India's forex reserves fell $6.7bn to $717.06bn; foreign currency assets rose while gold and SDRs declined.
India's foreign exchange reserves fell USD 6.711 billion to USD 717.064 billion for the week ended February 6. Foreign currency assets increased by USD 7.661 billion to USD 570.053 billion, gold reserves dropped by USD 14.208 billion to USD 123.476 billion, SDRs declined by USD 132 million to USD 18.821 billion, and the reserve position with the IMF fell by USD 32 million to USD 4.715 billion.
February 13, 2026
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Gold and silver ETFs see increased investor flows as platforms use open ONDC infrastructure to offer SEBI-regulated products.
Record transaction volumes in gold and silver ETFs reflect investor shifts from physical holdings to SEBI-regulated products; Stable Money's early integration with the Open Network for Digital Commerce enables distribution of regulated mutual funds and ETFs via an open, interoperable infrastructure, increasing reach without closed ecosystems and concentrating mutual fund transactions on the network.
February 13, 2026
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Electoral trusts disbursed Rs 3,826 crore in FY25, with one party receiving 82.5%-report calls for greater transparency.
Electoral trusts received Rs 3,826.34 crore in FY2024-25 and disbursed Rs 3,826.35 crore, with one party receiving 82.52% of distributed funds; ten of twenty trusts reported receipts, five trusts' reports were unavailable, and instances of nil reporting and accounting anomalies were noted. The report identified concentration among top donors and sectors, significant undisclosed donor addresses, and called for enhanced transparency and enforcement under the Electoral Trusts Scheme, 2013.
February 13, 2026
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Wheat and sugar exports authorised with pro-rata quotas for mills and a 70% export fulfilment condition by June 30, 2026.
The government authorised export of 25 lakh tonnes of wheat and an additional 5 lakh tonnes each of wheat products and sugar to manage domestic supply and prices, relying on current private-stock estimates and projected central-pool availability. Additional sugar exports will be allocated on a pro-rata basis to willing mills that declare willingness within 15 days and must export at least 70% of their allocation by June 30, 2026; allocated quotas are non-transferable.
February 13, 2026
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National Productivity Week highlights MSME cluster productivity, Industry 4.0 readiness assessment, and proposed productivity rating systems.
NPC advanced cluster-based strategies to boost MSME competitiveness and global integration, advocating shared infrastructure and knowledge exchange. It proposed an Industry 4.0 Readiness Assessment Framework, an Indian Productivity Rating System, a 5S Assessment Framework for export readiness, sector-specific benchmarks, and a Learning & Development Centre to embed productivity tools. Energy efficiency, sustainable production, youth engagement, and international collaboration were presented as complementary measures to translate productivity gains into cost efficiency and competitiveness.

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February 9, 2026

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New Delhi, Feb 9 (PTI) Following are the top stories at pm: NATION DEL28 OPPN-SPEAKER-LD REMOVAL (2.07 PM)

Opposition to move resolution to remove LS Speaker Birla from office New Delhi: The Opposition on Monday decided to move a resolution to remove Lok Sabha Speaker Om Birla from office for disallowing Leader of Opposition Rahul Gandhi from speaking in the House on the Motion of Thanks to the President's address.

DEL40 RAHUL-LS-GOVT (4.05 PM)

PM did not come to LS fearing Naravane book issue not because of threat from MPs: Rahul New Delhi: Congress leader Rahul Gandhi on Monday claimed that Prime Minister Narendra Modi did not come to the Lok Sabha to reply to the discussion on the motion of thanks to the President's address as he was scared of the issue of former army chief MM Naravane's book.

DEL27 PM-SEYCHELLES (2.02 PM)

India announces USD 175 million economic package to Seychelles New Delhi: India on Monday announced USD 175 million as development assistance to Seychelles after Prime Minister Narendra Modi held wide-ranging talks with the island nation's President Patrick Herminie.

DEL20 CONG-WOMEN MPs-SPEAKER (1.23 PM)

'You are under sustained pressure from BJP': Cong's women MPs write to Birla New Delhi: Congress' women MPs in the Lok Sabha wrote to Speaker Om Birla on Monday, claiming that under pressure from the ruling party to defend the "non-appearance" of Prime Minister Narendra Modi, he made grave allegations against them.

DEL42 PM-2NDLD PARIKSHA (4.33 PM)

Technology should not enslave you, AI should not be substitute for learning:PM to students New Delhi: Prime Minister Narendra Modi on Monday advised students not to let technology enslave them, saying artificial intelligence should be used for guidance and value addition, not as a substitute for learning.

CAL25 AS-LD GAURAV (4.06 PM)

Assam CM 'inciting genocide' against Muslims, alleges Gaurav Gogoi, demands police action Guwahati: Assam Congress president Gaurav Gogoi on Monday accused Chief Minister Himanta Biswa Sarma of "inciting genocide" against Muslims through his videos, and urged police to take suo motu cognisance.

DEL44 CBDT CHAIRMAN-NUDGE (4.51 PM)

Tax dept's NUDGE campaign could serve as model for govt agencies to improve governance: CBDT chief New Delhi: The Income-Tax Department's NUDGE -- a technology-enabled campaign to prompt taxpayers to pay dues before initiating penal procedures -- could be adopted by various other government departments like the CBIC to improve governance, CBDT Chairman Ravi Agrawal has said. By Neelabh Srivastava

MDS13 ISRO-CHANDRAYAAN-SITE (4.41 PM)

ISRO identifies site for Chandrayaan-4 lander Bengaluru: The Chandrayaan-4 Mission is at least two years away, but the ISRO has identified a location in the South Polar region of Moon to land its lander.

LEGAL LGD23 SC-WANGCHUK (4.26 PM)

Sonam Wangchuk 'perfectly good', getting best of treatment: Centre to SC New Delhi: The Centre on Monday informed the Supreme Court that climate activist Sonam Wangchuk was in a "perfectly good" condition and was getting the best of the treatment from AIIMS, Jodhpur while in custody.

LGD21 SC-SENGAR (3.50 PM)

Decide in 3 months Kuldeep Sengar's plea in case of death of rape survivor's father: SC to Delhi HC New Delhi: The Supreme Court on Monday asked the Delhi High Court to accord an out-of-turn hearing to expelled BJP leader Kuldeep Singh Sengar's plea challenging his conviction in the custodial death case of the Unnao rape survivor's father, and said it should be decided within three months.

LGD4 SC-WHATSAPP-META (11.51 PM)

Meta-WhatsApp privacy policy case: SC defers hearing to Feb 23 New Delhi: The Supreme Court on Monday deferred to February 23 pleas of Meta Platforms Inc and WhatsApp against a Competition Commission of India (CCI) order imposing a penalty of Rs 213.14 crore over privacy policy.

BUSINESS DEL34 BIZ-EPFO-UPI-WITHDRWAL (3.28 PM)

New EPFO app to allow members to withdraw EPF money through UPI New Delhi: Subscribers of retirement fund body EPFO will be able to withdraw their employees' provident fund (EPF) directly into their bank accounts through UPI payment gateway using its newly designed mobile application to be launched in April this year, a top source said.

FOREIGN FGN30 CHINA-JAPAN-TAKAICHI (4.38 PM)

Takaichi’s landslide win reflects deep structural, ideological shift in Japan: China Beijing: China on Monday said that Japanese Prime Minister Sanae Takaichi's massive victory in the midterm polls, a result widely seen as fuelled by public resentment over Beijing's strong opposition to her, reflects some deep-seated structural problems and shifting ideological currents.

FGN23 UK-STARMER-JOB-EPSTEIN (3.13 PM)

UK PM Keir Starmer fights for job after top aide quits over Epstein scandal fallout London: British Prime Minister Keir Starmer is on Monday fighting to hold on to his job after his top aide resigned over a controversial politician’s appointment as the UK's ambassador to the US despite known links with convicted sex offender Jeffrey Epstein. By Aditi Khanna

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