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    Tax dept's NUDGE campaign could serve as model for govt agencies to improve governance: CBDT chief
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February 9, 2026
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NUDGE campaign uses data-driven prompts to encourage taxpayer compliance before penalties are imposed and may be adopted across government.
The Income-Tax Department's NUDGE initiative is a technology-enabled, non-intrusive data-driven prompting mechanism that notifies taxpayers of identified compliance gaps and encourages voluntary correction and payment before initiation of penal proceedings, operating under the seven-element SAKSHAM framework to guide assessing officers' use of reporting-entity data for improved taxpayer communication.
February 9, 2026
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DeepSnitch AI presale raised $1.5M, using five AI agents for risk scoring, contract audits, and predictive sentiment tools.
DeepSnitch AI raised $1.50M at a $0.03906 presale and uses five specialized AI agents within a central intelligence layer to provide retail utilities - risk scoring, contract audits, whale tracking, breakout spotting, and predictive sentiment/FUD detection - supported by a native LLM for instant contract analysis; ai.com's retail autonomous agent launch and stated data segregation, encryption, and permission controls are cited as parallel catalysts for mainstream adoption.
February 9, 2026
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Indian Ocean naval cooperation convenes chiefs to advance non-binding maritime security cooperation and capacity building.
The Indian Ocean Naval Symposium convenes senior naval leaders in a non-binding framework to promote dialogue, trust-building, interoperability, capacity building, humanitarian assistance and disaster response, and to shape collective approaches to maritime security, resilience, and responsible ocean governance.
February 9, 2026
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Japan's agenda shifts to bolster defence, lift weapons export limits, tighten immigration rules, and alter family and tax policies.
The government proposes revising security and defence law to expand military capability, lift weapons export restrictions, create a national intelligence agency, enact an anti-espionage statute, and raise defence spending to 2% of GDP; it also advances stricter legal conditions on permanent residency and naturalisation and enforcement against unpaid taxes and social insurance by foreign workers.
February 9, 2026
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Income tax: CBDT invites stakeholder inputs on proposed Rules and Forms via e filing portal to improve rules and reduce burden.
CBDT has opened a public consultation on the proposed Income-tax Rules and Forms implementing the Income-tax Act, 2025 (effective 1 April 2026), posting drafts online for stakeholder review and submission. Inputs must be confined to four categories-Simplification of Language; Reduction of Litigation; Reduction of Compliance Burden; Identification of Redundant/Obsolete Rules and Forms-and must cite the specific rule, sub rule, or form number. A dedicated e filing portal utility (OTP-validated) has been activated for submissions.
February 9, 2026
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Book 'Made in India' chronicles Desh Bandhu Gupta, Lupin and India's rise as a global pharmaceutical supplier.
A biographical and industry account chronicles Desh Bandhu Gupta's rise from modest origins to found Lupin, highlighting entrepreneurship, institutional resilience amid financial and operational crises, the complementary role of family and community programs, and India's emergence as a major global supplier of medicines and vaccines-supported by manufacturing scale, FDA approved facilities, and policy-enabled export competitiveness.
February 9, 2026
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Domicile certificate applications surge amid electoral roll revision; centralised verification and issuance expedited to assist voters missing from draft rolls.
A surge in domicile certificate applications tied to the Special Intensive Revision of electoral rolls prompted KMC to centralise applications at borough offices, route requests through headquarters for scrutiny, forward documentation to the sector collector for police verification, and obtain final approval from a WBCS rank officer before issuing certificates, with guidance on required documents such as Aadhaar and rent receipts.
February 9, 2026
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Ahmedabad University launches Institute of Manufacturing and Economy to boost industry-academia collaboration and manufacturing innovation.
Ahmedabad University announced the Institute of Manufacturing and Economy to promote integrated responses to productivity, technology adoption, workforce readiness, supply chain coordination and research translation in manufacturing. The Institute will pursue applied research, postgraduate and executive education, SME clinics, startup support, and policy and competitiveness reporting, leveraging university laboratories, prototyping facilities, incubation platforms and computing infrastructure to collaborate with industry and government and strengthen industry-academia collaboration.
February 9, 2026
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Lok Sabha adjourned after a standoff over Rahul Gandhi's demand to speak before the Budget debate.
Lok Sabha was adjourned after a standoff over whether the Leader of the Opposition should be allowed to speak before the Union Budget debate. The Chair declined to permit a prior LoP intervention, citing no notice or agreement, and government representatives disputed any arrangement. The impasse, following earlier adjournments that day, occurred amid prior disruptions including the LoP being disallowed from quoting an unpublished memoir and the Motion of Thanks proceeding without the Prime Minister's customary reply.
February 9, 2026
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Competition Commission of India reforms enable faster M&A approvals, global turnover based penalties and AI competition safeguards for antitrust cases.
Reforms adopt global turnover based penalty calculation implemented via detailed penalty guidelines; reduce merger review timelines from 210 to 150 days; introduce a settlement and commitment framework and a Green Channel route for deemed approval; and the Commission's AI market study identifies concentration, lock in, algorithmic collusion and self preferencing risks, recommending self audits, transparency, advocacy, policy support and inter regulatory cooperation.
February 9, 2026
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AI music therapy for cancer patients offers patented adaptive pain relief with clinical validation and investor backing.
Mindful Gurukul's Skitii is a patented AI-driven music therapy medical device that combines proprietary algorithms and continuous biometric monitoring to deliver adaptive therapeutic music; clinical validation reported significant pain reduction, Indian patents secured with international PCT filings, CDSCO Class B approval in progress, DPIIT recognition, and Rs. 4 crore committed by a US angel investor to support global scale and integration into oncology care.
February 9, 2026
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Markets rally as India-US trade deal optimism and PSU bank buying lift Sensex to 84,065.75; FIIs net buyers.
Equity benchmarks rose as India-US trade deal optimism and strong public sector bank buying lifted the Sensex to 84,065.75 and the Nifty to 25,867.30. FIIs purchased equities worth Rs 1,950.77 crore, with gains concentrated in consumer durables, realty, cement, capital goods and consumer discretionary sectors while some large-cap IT and private banks underperformed.
February 9, 2026
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KRAFTON records KRW 3.3266 trillion annual revenue and plans franchise expansion, AI innovation, and M&A.
KRAFTON's consolidated FY2025 results under K-IFRS show annual revenue of KRW 3.3266 trillion and operating profit of KRW 1.0544 trillion, with Q4 revenue KRW 919.7 billion and a KRW 81.6 billion one-time labor welfare expense reducing quarterly operating profit. PC delivered KRW 1.1846 trillion and mobile KRW 1.7407 trillion; other revenue rose due to ADK and Neptune consolidation. The company plans 2026 growth through scaling Franchise IPs, AI-led production and live services, targeted M&A, strategic investments, 2PP, and a 15-project first-party pipeline.
February 9, 2026
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HDFC Life and Muthoot FinCorp partner to distribute life insurance via branches and digital channels to expand coverage.
HDFC Life and Muthoot FinCorp have formed a distribution partnership to offer HDFC Life's group and individual life insurance products, including protection and long-term savings solutions, via Muthoot FinCorp's branch network and digital platform, leveraging HDFC Life's product and risk expertise and digitally integrated sales processes to expand insurance access and financial inclusion in semi-urban and rural markets.
February 9, 2026
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JK Cement Bikaner grinding unit: 2 MTPA capacity, INR 500 crore investment, construction Feb 2026, production March 2027.
JK Cement has commenced Bhoomi Poojan for a 2 MTPA grinding unit in Bikaner on 100 acres along the Jaipur-Bikaner highway, with an approximate INR 500 crore investment. Construction is to begin February 2026 and commercial production is projected by March 2027. The facility is intended to shorten distribution lead times across Rajasthan, enable 24-hour deliveries to most locations, deepen the company's market presence, and generate direct and indirect employment while fostering ancillary industry development.
February 9, 2026
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India-US interim trade framework cuts tariffs and includes $500bn purchase intentions, coinciding with rupee volatility and market moves.
The interim trade framework will see the US reduce tariffs on Indian goods to 18% from roughly 50%, while India will eliminate or lower import duties on US industrial goods and a broad range of American food and agricultural products; India also expressed intent to purchase USD 500 billion of specified US goods over five years. The announcement coincided with rupee volatility, which settled at 90.74 per USD, amid equity gains, foreign inflows and a rise in forex reserves to USD 723.774 billion.
February 9, 2026
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Investment scam victims protest over Rs 1,200 crore fraud, demand probe, restitution and asset seizure transparency.
Three accused associated with Trade with Jazz were arrested after an alleged scheme promising 4% monthly returns defrauded about 11,000 investors of roughly Rs 1,200 crore; authorities have invoked depositor protection and criminal provisions, while protesters demand an expedited probe, restitution and point to minimal asset seizures of about Rs 12 lakh.
February 9, 2026
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Union Budget supports MSME credit and artisanal schemes, boosts electronics and textile manufacturing, and promotes AI and GCC growth.
The 2026-27 Union Budget provisions focus on MSME support through a Rs 10,000 crore credit and institutional package and include the Mahatma Gandhi Gram Swaraj Yojana for handloom and handicrafts. Sectoral emphasis is placed on electronics manufacturing, textile parks to boost trade opportunities, AI engagement via an upcoming summit, and expansion of Global Capability Centres to increase employment and revenue.
February 9, 2026
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India 2030 Leadership Conclave returns to Mumbai on 6 April to convene leaders on growth and launch The Power Chair.
The ninth India 2030 Leadership Conclave will convene on 6 April 2026 in Mumbai to host sectoral discussions on India's next growth supercycle, institutional leadership, enterprise innovation and brand trust, include a Business & Brand Excellence Awards night, and launch the digital initiative 'India 2030: The Power Chair' as a year round platform seeded by 15 minute agenda setting sessions evolving into longer podcast dialogues; registration and sponsorship information are provided through a web form and contact email.
February 9, 2026
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Outreach OPD services in Bongaon connect residents to specialist care, prevention, and early diagnosis through local seminars and referral links.
Manipal Hospital Whitefield and Varthur Road launched New Outreach OPD Services in Bongaon with an Information Centre to provide patient guidance and referral pathways to specialised care; the accompanying seminar emphasized prevention, early diagnosis, lifestyle modification, and accessible specialist intervention for cardiovascular, gastrointestinal, orthopaedic, and spine disorders.

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Cracks in oppn ranks as Cong favours Rahul's speech in House; SP, TMC seek debate

February 9, 2026

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New Delhi, Feb 9 (PTI) Cracks appeared in the opposition ranks as the SP and the TMC showed willingness to participate in the debate on the Budget instead of stalling the proceedings, with the government making it clear that it cannot allow Congress leader Rahul Gandhi to have his say and not let others to speak.

As deadlock in the Lok Sabha spilled into the second week, Home Minister Amit Shah and Parliamentary Affairs Minister Kiren Rijiju had a closed-door meeting with Speaker Om Birla in a possible effort to end the impasse.

The Lok Sabha has been witnessing disruptions since February 2, after Gandhi was disallowed by the Chair from quoting from an article based on excerpts of former Army chief M M Naravane's "unpublished memoir", which has references to the India-China conflict of 2020.

The Lok Sabha witnessed repeated adjournments on Monday as Leader of the Opposition (LoP) Rahul Gandhi rose to make his remarks, when the Chair had called Congress leader Shashi Tharoor to initiate the discussion on the General Budget.

Congress leaders have been accusing the Speaker of being partisan and favouring the BJP-led ruling alliance and were planning a no-confidence motion against him along with a section of the opposition.

Opposition leaders including Gandhi, Abhishek Banerjee of the Trinamool Congress (TMC), Akhilesh Yadav of the Samajwadi Party (SP) and T R Baalu (DMK) met the Speaker with their demands to be allowed to speak in the House and withdrawal of suspension of eight lawmakers.

Yadav, the former Uttar Pradesh chief minister, said the opposition parties want the House to function.

"All of us in the opposition want the House to function. This becomes even more important at a time when such a big deal has been signed with America – it is not a deal, it is a giveaway – to open up our markets," he said.

Banerjee, the leader of the TMC in the Lok Sabha, said orderly conduct of the House was essential.

"Elected opposition MPs must be given the time and opportunity to speak. They represent millions of citizens and their voices cannot be erased by arbitrary suspensions," he said.

Rijiju said he cannot agree to a situation where the LoP alone will speak, make accusations, then create a ruckus and not let others speak.

"That will not happen. We will not agree to that. If the Congress speaks, then we will insist that other members also be allowed to speak. We will not allow only the Congress party to speak," Rijiju said.

The opposition is considering giving a notice for moving a resolution to remove Birla from office for disallowing Gandhi and other opposition leaders from speaking in the House on the Motion of Thanks to the President's Address as well as for the suspension of eight MPs.

When the Lok Sabha met at 2 pm after two adjournments, Sandhya Ray, who was in the Chair, asked Tharoor to initiate the debate on the Budget.

Tharoor told the Chair that Gandhi, being the LoP, should be allowed to raise certain points before he started his speech.

Ray said she had no issues if Gandhi wanted to speak on the Budget and asked him to begin.

Gandhi said at a meeting between Speaker Birla and some opposition MPs, an agreement was reached that he would be allowed to raise certain points before the Budget discussion but the Chair was now reneging on its word.

Ray said she was not aware of any such agreement and that she could not allow anyone to raise any issue without notice.

At this point, Rijiju intervened, saying there was no such agreement and if the LoP wanted to say something about the Speaker, then Birla should also be present in the House to respond.

Rijiju also said other members of the House would also speak on the subject and there would be a broader discussion.

With neither side budging from its position, Ray adjourned the House for the day.

The Lok Sabha proceedings were adjourned twice earlier -- once at 11 am when the business of the day began and again after a few minutes of proceedings at 12 noon.

On February 4, Prime Minister Narendra Modi could not reply to the debate on the Motion of Thanks due to opposition protests.

In an unprecedented move, the Motion of Thanks was passed on February 5 without the customary speech by the prime minister.

The Speaker read out the Motion of Thanks to the President for her address and it was passed by a voice vote, amid sloganeering by opposition members.

Birla also said that he received concrete information that many Congress MPs could carry out an "unexpected act" by reaching the spot where PM Modi sits and, therefore, he asked him not to come to the House to deliver his address.

Congress leader Priyanka Gandhi Vadra refuted this.

The discussion on the Budget was listed for February 5, but could not be initiated due to the stand-off between the government and the opposition. The stalemate continued the next day as well. The House met on Monday after the weekend break.

Eight opposition members were suspended for the remainder of Budget session for unruly behaviour in the House. PTI ACB PK ASK NAB SKU SKU KSS KSS

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