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February 7, 2026
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Global engagement should proceed without external pressure and not be tariff-driven, while buying local supports employment.
Global engagement is inevitable but must be pursued without external pressure and should not be tariff-driven; trade interactions must suit India's interests and environment. Citizens are urged to prioritise Indian-made products over foreign commodities where feasible to support domestic employment and job growth, as part of broader social priorities including harmony, environmental protection, self-awareness, family values and civic duties.
February 7, 2026
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West Bengal Appropriation Bill passed after debate; opposition pressed for DA clarity, social welfare, jobs, and fiscal transparency.
The West Bengal Appropriation (No. 1) Bill, 2026 was tabled and enacted after debate in which the opposition demanded increased MLA development funds, pension revision for former legislators, DA clarity for government employees, inclusion of persons with disabilities in budget provisions, transparent development and job-creation statistics, written responses to questions, and measures to reduce state debt; implementation gaps in the Ghatal Master Plan and the impact of the Yuva Sathi allowance were also criticised, and the finance minister noted blocked central dues exceeding one lakh crore rupees.
February 7, 2026
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Union Budget raises rural and agriculture allocations and includes a large fertilizer subsidy to lower farmers' costs.
Union Budget proposals increase allocations for rural and agriculture sectors, with Rural Development funding up 21 percent and combined Rural Development and Agriculture allocations reported to exceed Rs 4.35 crores. A fertilizer subsidy provision of Rs 1,70,944 crore is included to lower farming costs and directly benefit farmers, and stakeholder suggestions will be reviewed for inclusion in the state budget during the legislative session.
February 7, 2026
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MSIL launches app to digitise chit fund transactions with UPI payments, online bidding and expanded agent networks.
MSIL launched a software platform and mobile app to digitise chit fund transactions-integrating UPI and online bidding-to enhance transparency and reduce fraud, expand access via appointed agents including women self help group Sakhis and retail outlets, prioritise rural outreach and government employees, and implement a Vision 2030 roadmap supported by CSR funding to scale operations.
February 7, 2026
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Quantum computers will launch in Amaravati to seed a regional hub for research, local manufacturing, and talent development.
The Amaravati Quantum Valley will host two indigenous quantum computers as reference facilities on April 14, integrating industry-academia-government MoUs, quantum cloud services, an innovation centre, and a talent hub to position the region as a centre for quantum research, local component manufacturing, talent development, and applications in quantum medicine and biology under the broader National Quantum Mission.
February 7, 2026
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Income tax draft rules and simplified smart forms released; public comments invited by Feb 22.
The tax department released draft rules and forms under the new Income Tax Act, 2025, inviting stakeholder comments and aiming to simplify and consolidate the regulatory framework. The draft rules reduce redundancies, standardise common information, and introduce smart forms with prefill and automated reconciliation. Two navigators map old rules/forms to the new drafts. The proposals rationalise perquisite thresholds and revise the definition of Accountant for certification, linking it to experience and revenue criteria, with separate thresholds for entities providing accountancy or valuation services.
February 7, 2026
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Sabarimala gold loss case: BJP pledges to pursue justice as SIT probe and arrests continue.
A Special Investigation Team formed following judicial direction is probing two cases about gold missing from guardian deity idols and sanctum doorframes at the Sabarimala shrine; the probe has led to the arrest of 12 persons, including two former Devaswom Board presidents. The BJP has pledged to pursue justice in the matter and has made the investigation and resulting arrests a central part of its political campaign narrative.
February 7, 2026
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India Semiconductor Mission 2.0 will prioritise indigenous chip design and talent development, backed by Rs 1,000 crore.
India Semiconductor Mission 2.0 will prioritise indigenous chip design, productisation, ecosystem partner engagement and talent development, backed by Rs 1,000 crore for FY 2026-27 and an emphasis on industry led research and training centres. The programme targets support for production at the 2 nanometer node, integration of equipment and materials suppliers, deployment of EDA tools across institutions, and explicit talent objectives including an 85,000 person ten year target and substantial early progress already recorded.
February 7, 2026
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India-US interim trade framework reduces import duties to boost two-way trade and expand market access.
India and the United States have reached a framework for an interim bilateral trade agreement in which both parties will reduce import duties on selected goods to boost two way trade and expand market access, including for American farmers; this forms part of a series of trade deals that Indian officials say reinforce India's role as a trusted partner.
February 7, 2026
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India-US trade agreement establishes reciprocal tariff cuts and duty removals to expand market access and two way trade.
Interim bilateral trade framework sets reciprocal tariff adjustments: the United States will reduce tariffs on specified Indian goods to 18% from about 50%, and India will eliminate or reduce import duties on all American industrial goods and a specified list of agricultural and food products, as the first phase of the broader Bilateral Trade Agreement, with formal signing expected by mid March.
February 7, 2026
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Mumbai mayoral election: BJP candidate Ritu Tawde nominated unopposed under a woman open-category reservation, process to proceed.
BJP's Ritu Tawde was nominated unopposed for Mumbai mayor after other parties did not file competing nominations by the filing deadline; the post was made reserved for a woman from the open category by a draw of lots. Officials recorded single nominations for mayor and deputy mayor before the deadline and the municipal election process will continue according to the scheduled withdrawal and procedural dates.
February 7, 2026
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State Bank of India's profit boosted by a Rs 2,200 crore mutual fund dividend amid stronger loan growth and regulatory support.
A Rs 2,200 crore special dividend from the IPO bound mutual fund arm materially lifted standalone net profit and non interest income. The bank raised its FY loan growth target to 13-15% amid 15.14% loan growth, a 72% credit deposit ratio, excess government securities holdings, and a large sanctioned loan pipeline. Management flagged regulatory support from RBI measures allowing bank lending to REITs and an RBI stance on compensating defrauded customers, while asset quality improved and capital adequacy stood at 14.04%.
February 7, 2026
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Partition of India occurred due to forgetting Hindu sentiment, and Hindutva preserves cultural unity, says RSS chief.
Mohan Bhagwat contended that the partition resulted from a neglect of collective Hindu sentiment and maintained that Hindutva need not displace personal religious practice, language or food habits, framing it instead as a guarantee of individual safety within the nation. He promoted dialogue to address factual criticisms of the RSS, opposed reliance on perception or propaganda, advocated balanced swadeshi with global interdependence (not tariff-driven), and called for social measures-family dialogue, self-pride and self-awareness-to strengthen peaceful co-existence.
February 7, 2026
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Ride-hailing drivers protest for minimum base fares and a ban on non-commercial vehicles operating commercially.
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February 7, 2026
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Assembly microphone cut off during a minister's speech, raising questions about speaking list rules and speaker discretion.
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February 7, 2026
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Indo US trade deal will expand market access, boost jobs and support Make in India while regional security concerns persist.
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February 7, 2026
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US-India trade pact cuts or eliminates tariffs on many goods while addressing non-tariff barriers to trade.
The bilateral framework provides for immediate and phased tariff elimination and reduction on numerous industrial, food, agricultural, medical, and high-value goods, while preserving targeted protections such as minimum import prices. It also requires both parties to address non-tariff barriers, reform restrictive licensing for ICT goods, and establish quota-based and phased modalities; reciprocal zero-tariff access in the partner market is granted for a specified list of Indian agricultural and processed food exports.
February 7, 2026
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India US trade framework supports MSME integration, cuts tariffs and opens markets while protecting sensitive agricultural sectors.
The India US Interim Agreement framework modifies bilateral market access and duties to support MSME integration and reduce business costs: the US will cut tariffs on specified Indian goods to 18%, India will eliminate or lower duties on a wide range of US industrial and agricultural products, and India intends to purchase USD 500 billion of US goods over five years; the framework preserves safeguards for sensitive agricultural and dairy sectors and includes joint technology cooperation to position India as a hub for AI, data and digital services.
February 7, 2026
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Election projection: national party claims it will form government, citing increased funding and budget-driven development plans.
The national party asserts it will form the state government, citing a 23% rise in loans and doubled grants-in-aid as evidence of supportive central funding and linking the Viksit Bharat Budget 2026 to growth in Tourism, a Rare Earth Corridor, and High-Value Crops; it accuses prior administrations of sectoral stagnation, raises national security concerns over alleged local support for Islamist forces, and pledges cultural protection, empowerment of women, youth and farmers, and business-friendly measures.
February 7, 2026
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Bengaluru-Mumbai premium train service announced; Centre seeks state support for land acquisition under cooperative federalism.
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The Swali Craft Prize Names Natasha Preenja (Princess Pea) as Its First Winner

February 9, 2026

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Winning work, The Lotus Headed, unveiled at India Art Fair 2026 New Delhi, February 2026 The Swali Craft Prize, founded by Karishma Swali and the Chanakya Foundation in partnership with India Art Fair, announces Natasha Preenja (Princess Pea) as its inaugural recipient.

From over 100 entries, the international jury selected Preenja for a practice defined by conceptual depth, technical mastery, and a profound engagement with cultural heritage. The Prize is proud to present her winning work, The Lotus Headed (2026), at the India Art Fair 2026.

Natasha Preenja is an Indian artist whose multidisciplinary practice draws on feminist thought, mythology, and traditional craft to examine gender, the body, and the politics of care. Working across painting, sculpture, performance, and collaborative processes, her practice foregrounds craft and collective making as sites of resistance, reflection, and women-led knowledge.

Selected by the jury as the winning proposal, The Lotus Headed was realised through a close and sustained dialogue between Natasha Preenja, Karishma Swali, and the Chanakya School of Craft, as a shared exploration of mythic iconography and contemporary collective practice. The sculpture draws from the figure of Lajja Gauri, an ancient embodiment of fertility who’s grounded uttanapad (squatting) posture is intimately tied to birth, reproductive cycles, and domestic ritual, anchoring the work in bodily knowledge that precedes language while also carrying political charge as a gesture of protest, reclamation, and endurance.

The depth of the work lies in its rigorous, multi-layered construction, beginning with thousands of individually hand-carved wooden elements from the toy-making tradition of Etikopakka, Andhra Pradesh, using native Ankudu wood (Wrightia tinctoria). In response, master artisans of Chanakya knitted and stitched these fragments into the sculpture’s surface, creating an organic, cellular texture through six strata of embroidery in jute and cotton, employing techniques such as couching and stem stitch. Anchored by a concealed steel framework, the form maintains monumentality alongside lightness and porosity. The project marks a profound meeting of two methodologies: Preenja’s sculptural investigation into maternal resilience and the Chanakya School’s interdisciplinary material practice grounded in collective authorship, where the goddess emerges as a visceral force of endurance and the transmission of knowledge as an evolving, thinking practice.

Conceived as a platform to renew the cultural and conceptual possibilities of handcraft, the Swali Craft Prize recognizes contemporary makers whose work bridges tradition and innovation. By anchoring artistic expression in living artisanal knowledge, the prize offers a dual framework: a grant of INR 11,00,000 and a fully funded residency at the Chanakya School of Craft. This structure provides sustained access to mentorship, research, and collaborative engagement with master artisans, enabling ambitious, research-led artistic production.

Karishma Swali, Founder & Creative Director of the Chanakya School | Creative Director Chanakya added: “The Swali Craft Prize emerged from a desire to create conditions where contemporary artistic inquiry could unfold in close conversation with living craft traditions. Natasha’s work embodies this philosophy. The Lotus Headed unfolded through dialogue, trust, and shared authorship, transforming individual intention into a collective expression. It reflects our belief that craft is not a static inheritance, but a dynamic language capable of shaping new cultural futures.” Jaya Asokan, Fair Director, India Art Fair, commented: “India Art Fair is proud to partner in a prize that foregrounds craft as a vital contemporary practice. By championing experimentation, material intelligence, and collective processes, the Swali Craft Prize creates a powerful platform for new voices and new forms, positioning India at the forefront of global craft discourse.” The inaugural jury featured a distinguished panel of experts: Mickalene Thomas, visual artist; Jasmine Wahi, curator and founder of Project for Empty Space; and Meneesha Kellay, Senior Curator, Contemporary, at the Victoria and Albert Museum; Reena Kallat, visual artist alongside Karishma Swali and Jaya Asokan, Fair Director of the India Art Fair. Together, the jury evaluated applications based on technical mastery, conceptual depth, cultural significance, and artistic innovation.

Reflecting on the award, Natasha Preenja (Princess Pea) said: “This residency offered a rare space for deep listening, exchange, and experimentation. Working alongside the master artisans of Chanakya allowed the sculpture to evolve in ways I could not have anticipated, as wood, thread, and gesture came together to hold stories of resilience, care, and inheritance. The Lotus Headed is as much a tribute to the collective act of making as it is to the mothers who carry generations within them.” About Natasha Preenja (Princess Pea) Princess Pea (Natasha Preenja) is an Indian artist whose multidisciplinary practice explores gender identity, the body, and self-worth. Drawing from feminist literature, mythology, and traditional crafts, her work examines the politics of care, domesticity, and women-led narratives of self. Trained as a painter, she works across drawing, photography, sculpture, and performance.

Through her alter ego Princess Pea — a figure concealed behind an anime-inspired headgear — Preenja challenges patriarchal norms and reclaims spaces of reflection and solidarity. Her collaborative and time-based projects foster intergenerational dialogue among women, positioning care and craft as acts of resistance.

In 2008, she founded The Pea Family Studio, collaborating with artisans from Etikopakka, Andhra Pradesh, to merge ancient turn-wood techniques with contemporary form. Her recent works in marble reference Mother Earth as a keeper of time and knowledge. Preenja’s socially engaged projects include Care with Dignity (Purpose, Bihar) and Extra Time (Khoj, Goa). Her work has been exhibited at Sakshi Gallery, Exhibit320, Shrine Empire, and Art Dubai, among others, and is held in the collections of the Mead Art Museum and the Museum of Living History. She lives and works in Gurgaon, India.

About Chanakya Foundation & Chanakya School Established in 1984 in Mumbai, Chanakya has remained steadfast in its mission to elevate and sustain the pluralistic beauty of India's rich cultural heritage. Under Karishma Swali’s leadership, Chanakya has built enduring creative partnerships with over 50 global fashion houses, celebrated artists, and craft practitioners positioning Indian handcraftsmanship within the highest echelons of contemporary visual culture. Central to its philosophy is a profound re-evaluation of the conventional hierarchies that have historically delineated the roles of artist and artisan. By fostering a renewed discourse, it challenges these long-standing distinctions, recognizing embroidery not as a decorative technique but as a medium of conceptual and material innovation.

Recognising a compelling need to address social, economic, and environmental challenges, Karishma Swali established the Chanakya Foundation in 2015. The foundation is committed to fostering cultural sustainability and holistic advancement through education, skill development, and dedicated efforts to preserve India's rich artisanal heritage while promoting the arts. In 2016, Karishma Swali furthered this vision by founding the Chanakya School of Craft, a non-profit institution dedicated to empowering women through craft, culture, and creating a new autonomy for women.

In 2020, she and the graduated artisans of the Chanakya School of Craft collaborated with American feminist artist Judy Chicago to create 22 monumental hand embroidered artworks, currently on display at the New Museum in New York. The following year, they partnered with French contemporary artist Eva Jospin to produce "Chambre De Soie" (Silk Room), a 40-meter immersive gallery. In 2024, the Chanakya Foundation presented the artistic collaboration between renowned Indian artists Madhvi Parekh and Manu Parekh, in partnership with Karishma Swali and the Chanakya School of Craft. This exhibition, titled 'Cosmic Garden,' was featured as a collateral event of the 60th International Art Exhibition – La Biennale di Venezia. Most recently, in 2025, Karishma Swali and the Chanakya School of Craft presented En Route at the Vatican Apostolic Library — an artistic collaboration with Maria Grazia Chiuri exploring the cultural legacy of women who challenged historical norms.

About Karishma Swali Karishma Swali (b. 1977, Mumbai) is an artist and craft practitioner committed to preserving India’s intangible cultural heritage. Influenced by the philosophies of Rabindranath Tagore and Jiddu Krishnamurti, she leads Chanakya International and founded the Chanakya Foundation in 2015 to advance cultural sustainability and skill development. In 2016, she established the Chanakya School of Craft, a nonprofit institution dedicated to empowering women through craft and culture. The school’s holistic curriculum teaches over 300 hand-embroidery techniques and has trained more than 1,300 women. Swali’s interdisciplinary practice situates handcraftsmanship within a contemporary framework, engaging in significant collaborations with celebrated artists including Judy Chicago, Mickalene Thomas, Faith Ringgold, and Barthélémy Toguo. In 2024, she presented Cosmic Garden at La Biennale di Venezia with Indian artists Manu and Madhvi Parekh. Most recently, En Route was unveiled at the Vatican Apostolic Library (2025). Her contributions have been widely recognised on an international stage. In 2022, she received the Grazia Millennial Award for Contemporary Craftsmanship and was named to the BoF 500. In 2024, she was honoured with the Badass Art Woman Award (BAWA) for her pioneering work in education through craft, and in the same year was conferred the Chevalier de l’Ordre national du Mérite. In 2025, she received the Officier dans l’Ordre des Arts et des Lettres from the Consul General of France in Mumbai, on behalf of the French government, and was also awarded the Cavaliere dell’Ordine della Stella d’Italia by the Consul General of Italy.

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

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