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    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
    Torres fraud: Mumbai court denies bail to Ukrainian actor citing flight risk
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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.
February 9, 2026
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India's energy procurement will be guided by national interest, keeping multiple and diversified crude oil supply sources.
National interest will be the determinative principle for India's energy procurement, with policy emphasising the maintenance of multiple suppliers and diversification of crude oil sourcing to ensure stability and security; sourcing decisions will be taken based on assessed national interests.
February 9, 2026
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Haryana civil aviation forms technical committee to frame SOPs and directs departments to upgrade and maintain state aerodromes.
A high-level technical committee, chaired by the Accountable Manager of the Civil Aviation Department, will prepare a Standard Operating Procedure (SOP) strictly in accordance with DGCA guidelines and examine technical staffing needs. The Public Works Department must prepare cost estimates and execute runway and allied safety works and conduct monthly inspections with reports to the Civil Aviation Department and Deputy Commissioners. The Horticulture Branch must ensure vegetation clearance and obstacle management, while Deputy Commissioners are designated nodal officers for inter-departmental coordination and timeline monitoring.
February 9, 2026
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SASCI financing in Jammu and Kashmir accused of creating a debt trap amid allegations of budget under spend and governance failures.
The assembly debate challenged the SASCI financing mechanism as a potential debt trap, alleging market borrowings with extended repayment risk mortgaging public assets; members also raised substantive budgetary concerns including low capital expenditure, many projects with zero spending, possible administrative paralysis or dual power structures impeding implementation, and broader governance issues such as under prioritisation of public health, substance abuse, youth unemployment, and school closures. The government defended SASCI as long term infrastructure financing with up to 50 years' repayment.

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T'gana CM accuses BJP, NDA govt of 'injustice' to southern states

February 9, 2026

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Hyderabad, Feb 9 (PTI) Telangana Chief Minister A Revanth Reddy on Monday accused the NDA government at the Centre of doing "injustice" to southern states and alleged that the BJP treats them as "second grade citizens" in sanctioning Central funds and development projects.

Speaking to reporters here as the campaigning for the February 11 municipal elections concluded, Reddy also attacked BJP and BRS, alleging tacit understanding between the two parties.

Hitting out at BJP, he described AIMIM president Asaduddin Owaisi as a "lifeline" for the saffron party. BJP takes the name of Lord Ram but remembers Owaisi's name everyday, he charged.

"Injustice is happening to southern states whether it is Kerala, Tamil Nadu, Karnataka or Telangana. They are doing it intentionally. Any special package, they give to Bihar. In devolution, they are giving more to Bihar, UP and Madhya Pradesh. Every time, BJP's thinking is that southern part is second grade citizen," he said.

He said he had raised the issue earlier in NITI Aayog meeting.

Claiming that the "heartburn" allegedly caused to southern states would "burst" one day, he drew an analogy with the Telangana agitation in undivided Andhra Pradesh, triggered allegedly due to the raw deal meted out, that led to state formation.

It is a "sensitive" issue which can become big in the future, making it impossible for even Prime Minister Narendra Modi to control, he said.

Asked if he plans to take the issue forward, Reddy said he will have to consult other southern chief ministers before taking a final call.

He said Union Ministers visiting Telangana claim that the Centre provided lakhs of crores of rupees to the state but in reality it only gets 42 paise in return for every rupee it pays to the Centre.

He claimed that Karnataka, Tamil Nadu, Telangana, Kerala get 16 paise, 26 paise,42 paise and 49 paise respectively from the Centre.

However, states, including Bihar, Madhya Pradesh and Uttar Pradesh are getting Rs 6, Rs 2.09 and Rs 2.03, respectively for one rupee paid by them to Centre, he said.

When told about the reported comments of Union Finance Minister Nirmala Sitharaman in the past that the state government does not spend all the funds in Hyderabad though the city contributes maximum revenue to the state exchequer, Reddy said devolution and special package by the Centre are different.

If the Centre approves Telangana's pending development projects such as metro rail expansion, Regional Ring Road and airports, it would lead to rise in state's revenue. The state would then pay more taxes to the Centre, he said.

He said states like Telangana which effectively implemented family planning should not be punished.

Training his guns on Union Ministers from Telangana G Kishan Reddy and Bandi Sanjay Kumar, Revanth Reddy asked if they ever raised their voice with Prime Minister Narendra Modi or NITI Aayog against the "injustice" to Telangana.

Alleging that the Centre has not sanctioned any special project using its discretion to Telangana, he said some development projects were diverted to states like Gujarat.

A semiconductor project was almost finalised for Hyderabad but "PM Modi sent it to Andhra Pradesh," he claimed.

Have Kishan Reddy and Sanjay Kumar got any special projects for Telangana, he asked.

Referring to the recent comments of Maharashtra Chief Minister Devendra Fadnavis that Telangana government has not paid funds for land acquisition carried out in Maharashtra for an irrigation project, Revanth Reddy claimed that the remarks are insulting to Telangana.

He also alleged that BJP is trying to gain votes by showing AIMIM president Asaduddin Owaisi as an "evil".

Further, BJP is "begging" for votes in the name of religion, he charged.

Observing that BRS was in power from panchayat to parliament for 10 years even by poaching leaders from other parties, Revanth Reddy asked how can the K Chandrasekhar Rao-led party now complain about the problems in urban local bodies.

BRS does not have the right to seek votes in the municipal elections and the party needs to be "washed with acid" as it is responsible for all the "rot in municipalities and the state", he said.

Claiming a clandestine understanding between BRS and BJP, he said the KCR-led party had supported the NDA government at the Centre on all bills as the BJP did not have majority in Rajya Sabha during 2014-2021.

"Why has the ED not arrested KTR (BRS leader K T Rama Rao)" in Formula E race case being investigated by the agency, Revanth Reddy asked.

Why the CBI was not investigating the alleged irregularities in Kaleshwaram lift irrigation project built during the previous BRS regime though the state government entrusted probe to the central agency, he asked. "Is it not quid pro quo," he said.

The Chief Minister said the Congress government is implementing a slew of welfare and development programmes, including Arogya Sri health scheme, free travel for women in state-run buses, LPG cylinders for poor for Rs 500, distribution of PDS ration cards. PTI SJR SJR SA

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