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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.
Drivers staged a coordinated partial stoppage refusing some bookings during demand surges to protest dynamic fare increases and to demand that the government notify a minimum base fare, and to bar use of non-commercial vehicles for commercial passenger and goods transport, pressing regulators to establish fare slabs and clarify vehicle classification.
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.
A minister's microphone was switched off while speaking because his name was not on the original speakers' list; the Speaker acknowledged the omission but exercised discretion to allot four minutes, after which warning and cutoff lights activated and the microphone was reportedly silenced, prompting visible displeasure and a subsequent cordial recess meeting with the Speaker.
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.
The Lieutenant Governor of Ladakh characterises the recent Indo US trade agreement as advancing India's economic objectives by expanding market access, benefiting farmers, creating jobs, and supporting initiatives such as Make in India and startup promotion toward a 'Viksit Bharat' by 2047. He condemns a terrorist bombing in Pakistan, attributes regional instability to Pakistan's security institutions undermining civilian governance, and links defence and technological progress to national advancement.
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.
Central projects, including a premium Bengaluru-Mumbai service and suburban rail expansion, depend on state cooperation for land acquisition under a policy of cooperative federalism; administrative prerequisites such as design approvals, tendering, testing, and electrification certification are reported as advanced for several services.
February 7, 2026
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India-US interim trade framework preserves agriculture and dairy while lowering tariffs and expanding market access for exporters and MSMEs.
The BJP defends the India-US interim trade framework as preserving sensitive agriculture and dairy sectors while reducing reciprocal tariffs to 18 percent and granting zero-tariff access in sectors such as generic pharmaceuticals, gems and diamonds, and aircraft parts, thereby boosting export competitiveness, supporting MSMEs, farmers and fishermen, and expanding market access and employment opportunities.

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Kanpur Lamborghini crash adds to long list of luxury car accidents in India

February 9, 2026

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New Delhi, Feb 9 (PTI) Speed, privilege and unaccountability. The Kanpur Lamborghini crash, involving a tobacco businessman's son, that left at least six injured has fuelled outrage over perceived elite impunity and once again drawn attention to a series of high-profile crashes involving luxury cars and reckless driving.

The incident took place on Sunday in Kanpur's Gwaltoli area when the high-end sports car went out of control and ploughed pedestrians, two-wheelers and an autorickshaw, injuring at least six people.

Police said the name of Shivam Mishra, son of Banshidhar Exports Pvt Ltd's owner K K Mishra, is not there in the FIR, but he is part of the investigation.

Here is a list of major accidents involving speeding luxury cars reported in India over the years: * Rewa, Madhya Pradesh (2026): Three people, including a father and son, were killed on February 7, 2026, after a speeding luxury car rammed their motorcycle on a highway in Rewa district. The impact was so severe that the motorcycle was completely mangled. The car driver was taken into custody and further investigation was launched.

* New Delhi (2025): A senior Union Finance Ministry official, Navjot Singh, died on September 14, 2025 after a BMW allegedly rammed into his motorcycle near the Delhi Cantonment Metro station on Ring Road. His wife sustained serious injuries in the crash. Police registered a case of culpable homicide and took the woman allegedly driving the luxury car into custody as part of the investigation.

* New Delhi (2025): A drunk driver of an Audi car allegedly ran over five people, including two couples and an eight-year-old girl, injuring them while they were sleeping on a footpath near Shiva Camp in southwest Delhi’s Vasant Vihar area on July 9, 2025. The driver was booked for rash and negligent driving.

* Noida, Uttar Pradesh (2025): A red Lamborghini allegedly hit two labourers working on a footpath near an under-construction complex in Noida's Sector 94 on March 30, 2025, injuring both of them. Police arrested the driver and registered a case of rash and negligent driving.

* Pune, Maharashtra (2024): Two IT professionals were killed in Kalyani Nagar after a speeding Porsche, allegedly driven by 17-year-old boy and the son of a prominent builder, rammed their motorcycle in the early hours of May 19, 2024. The case triggered nationwide outrage over juvenile justice laws and drunk driving, and the accused was later ordered to be tried as an adult.

* Noida, Uttar Pradesh (2024): Two people were killed and three others injured after a speeding BMW rammed into an e-rickshaw around 6 am on May 16, 2024, in Noida. Police arrested occupants of the luxury car and registered a case of rash and negligent driving.

* Noida, Uttar Pradesh (2024): A speeding BMW allegedly driven by a young man hit pedestrians near Sector 53 in the early hours of January 14, 2024, killing Janak Dev Shah, who was crossing the road, and injuring another person. Police arrested the driver and registered a case of rash and negligent driving causing death. The vehicle was seized and an investigation was launched.

* Ahmedabad, Gujarat (2023): Nine people were killed and several injured after a speeding Jaguar car allegedly driven by a businessman’s son rammed into a crowd on ISKCON Bridge in the early hours of July 20, 2023. Police arrested the driver and booked him under serious criminal charges, including culpable homicide.

* Nuh, Haryana (2023): A Rolls-Royce Phantom collided with a fuel tanker on the Delhi–Mumbai Expressway near Umri village on August 22, 2023, killing the tanker driver and his helper. Police registered a case of rash and negligent driving, and the high-end vehicle was severely damaged in the crash.

* Purvanchal Expressway, Uttar Pradesh (2022): On October 14, 2022, a BMW travelling at more than 230 kmph on the expressway crashed into a truck and was completely mangled, killing all four occupants of the luxury car on the spot. The crash drew attention to overspeeding on newly built high-speed corridors.

* Palghar, Maharashtra (2022): One of the most-reported car accidents killed former Tata Sons chairman Cyrus Mistry and his friend Jehangir Pandole on September 4, 2022. The duo were travelling in a Mercedes-Benz car which got crashed into a road divider on the Mumbai–Ahmedabad highway near Charoti. Investigators later pointed to overspeeding and seat-belt use issues as key factors, prompting renewed national discussion on highway safety and rear-seat belt compliance.

* Bengaluru, Karnataka (2021): Seven people were killed, including three women and the son and daughter-in-law of a DMK MLA from Hosur, after a speeding Audi Q3 rammed into a roadside pole, mounted the footpath, and crashed into a building wall in the early hours of August 31, 2021, in Bengaluru. Police said overspeeding and loss of control caused the crash.

* Hosapete, Karnataka (2020): On February 10, 2020, an overspeeding Mercedes-Benz car on a national highway near Hosapete hit an 18-year-old pedestrian standing at a tea stall, killing him on the spot after dragging him for several metres. The crash also killed a passenger in the luxury car, while others were injured. Police registered a case of rash and negligent driving, detained the driver, and launched an investigation into overspeeding on the highway. PTI MG NB NB

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