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    National interest will be guiding factor: Foreign Secretary Misri on India's energy procurement
    Haryana constitutes high-level committee to strengthen aviation safety at state aerodromes
    Pandemonium in J&K Assembly over SASCI; BJP walks out alleging unfairness
    Aviation regulator DGCA issued 352 show cause notices to airlines for violations in last 2 years
    DMK MP accuses govt of abject surrender in striking one sided trade deal with US
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    As part of USD 1 trillion push, Maha govt forms panel to explore textile sector venture capital fund
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    Silver surges 6 pc to Rs 2.72 lakh/kg on firm global trends
    Unlisted Shares in India What Smart Investors Should Know in 2026
    Draft Income Tax Rules raises threshold for quoting PAN for cash deposits, car purchase, others
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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.
February 9, 2026
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DGCA issued 352 show cause notices to airlines; penalties, warnings and compliance monitoring were reported.
DGCA issued 352 show cause notices to scheduled commercial airlines over two years, with penalties imposed in 139 cases, warnings in 113, and satisfactory replies in seven; airline specific enforcement details were not provided. The regulator reported mechanisms to monitor aircraft induction, On Time Performance and route rationalisation, and noted eight aircraft had been inducted this year to date.
February 9, 2026
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India-US trade deal alleged to be one-sided, with tariff concessions threatening domestic manufacturers and farmers.
Allegations assert the India-US trade agreement contains asymmetric market access commitments-reportedly requiring large-scale US exports to India while US tariffs on certain Indian goods persist-amounting to tariff "weaponisation" that will harm domestic manufacturers and farmers, especially textiles. The legislative demand is for full disclosure of the pact's specific terms to Parliament and the public so stakeholders can assess and plan for the economic impact.
February 9, 2026
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Digital frauds prompt RBI SoP adoption, bank alert duties and a framework for compensation to digital arrest victims.
Large-scale digital frauds requiring prevention, identification and redress necessitate that banks fulfil a bank fiduciary responsibility by issuing alerts for atypical transactions, using AI monitoring and placing temporary debit holds; regulators should adopt and implement a Standard Operating Procedure, coordinate RBI, telecommunications and other stakeholders to freeze and trace illicit transfers and identify mule accounts, and establish a framework for compensation while enabling unified investigations by a federal probe agency.
February 9, 2026
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Japan election result prompts China to defend diplomatic pressure and urge Japan to avoid a return to militarism.
China framed Takaichi's electoral victory as reflecting ideological shifts and defended its diplomatic offensive and restrictive measures taken after her Taiwan related remarks, urging Japan to honour existing political understandings and its pacifist constitution and warning against a return to militarism.
February 9, 2026
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Union Budget cuts allocations for rural, agricultural and social welfare sectors and raises concerns over trade deal clarity.
The Union Budget is criticised for reducing allocations and failing to fund announced rural and agricultural initiatives, with several missions receiving zero allocations and large sums of agri spending unutilised or surrendered; allocations for SC/STs, rural development, education and health are reported cut. The India US trade deal is said to open Indian markets to US agricultural produce without clarity on additional products, raising uncertainty over staples such as milk, cheese and foodgrains.
February 9, 2026
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Gross NPAs of Scheduled Commercial Banks fell to 2.15% after reforms strengthening recognition, resolution and recovery.
Gross NPAs of Scheduled Commercial Banks fell to 2.15% as of September 30, 2025, driven by the Asset Quality Review, the Government's 4Rs strategy and reforms strengthening recognition, resolution and recovery. Public Sector Banks show larger declines (2.50% gross NPA) and improved slippage ratios (0.8% for PSBs versus 1.8% for PVBs). Measures cited include Early Warning Systems, the Insolvency and Bankruptcy Code, SARFAESI amendments, increased DRT jurisdiction, specialised stressed asset verticals, and the Prudential Framework for resolution of stressed assets.
February 9, 2026
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Fake income tax officer arrested after extortion and forgery allegations; forged ID and notices recovered, case registered.
Allegations that an individual posed as an income tax officer to demand payment to avoid tax proceedings gave rise to criminal charges for extortion, forgery and criminal intimidation; police registered a case on complaint, arrested the suspect and recovered a forged ID, a forged departmental letter and a forged notice used to induce payment.
February 9, 2026
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Income tax rules: PAN thresholds for cash, property, vehicles, hotels and insurance updated and crypto reporting added.
The draft rules implement the new Income Tax Act and streamline compliance through consolidated rules and pre-filled digital forms, while setting revised PAN thresholds: PAN mandatory for annual cash deposits/withdrawals above Rs 10 lakh, not required for hotel bills under Rs 1 lakh, required for vehicle purchases above Rs 5 lakh and for immovable property transactions above Rs 20 lakh; PAN also compulsory for account-based insurance relationships. The draft requires crypto exchanges to share information with tax authorities and accepts Central Bank Digital Currency as an electronic payment mode.
February 9, 2026
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Mahaveer Awards announce 29th recipients across Non-Violence, Education, Medicine and Community service; nominations now nationally open.
The Foundation announced the 29th Mahaveer Awards in four categories-Non-Violence & Vegetarianism, Education, Medicine, and Community & Social Service-naming five awardees. Each award carries a cash prize of Rs. 10 lakh, a citation and a memento. The recipients were selected from 267 nominations by an eminent Selection Jury chaired by a former Chief Justice; the Foundation invited nominations for the 30th edition via its website.
February 9, 2026
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Doctor 365's 5th Bollywood Maha Arogya Shivir provided free medical care, screenings and assistive devices to thousands of attendees.
Doctor 365 and R.K. HIV AIDS Research and Care Centre organized the 5th Bollywood Maha Arogya Shivir on January 18, 2026, delivering free general and specialist medical services, diagnostic tests, eye care and assistive devices. The organization reports extensive nationwide charitable activity-tens of thousands of camps, millions of beneficiaries, large-scale distribution of medicines, spectacles and wheelchairs, mass TB and sickle cell screening and treatment-and operation of mobile medical units and ambulance hubs in partnership with state governments.
February 9, 2026
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Maharashtra forms panel to design a venture capital fund for the textile sector to support startups and MSMEs.
A nine member committee chaired by the state textile minister will frame proposals for a dedicated venture capital fund for the textile sector to provide targeted risk capital to startups and MSMEs, supporting innovation, modernisation, value addition, manufacturing growth, exports and employment. The committee will study the fund's structure, size, governance and operational framework; assess funding needs across the value chain; identify best practices and leverage private investment, financial institutions and central schemes; and recommend safeguards, incentives and timelines before submitting its report to the government.
February 9, 2026
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JBCN International Schools secured eight Outstanding Learner Awards, including five Top in the World recognitions in IGCSE and AS/A Level subjects.
JBCN International Schools announced eight learners received Outstanding Learner Awards-five Top in the World and three Top in India-across IGCSE and International AS & A Level examinations, with a strong showing in Mathematics and top scores in Global Perspectives, AS Level Sociology, and Digital Media and Design, attributed to student discipline and mentoring by experienced teachers including trained examiners.
February 9, 2026
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Convocation: problem-solving skills highlighted as key to career success amid AI-driven workplace shifts and graduates honoured with awards.
Problem-solving ability is presented as the decisive factor for career success amid AI-driven reduction of traditional entry-level jobs; education should develop innovative thinking and resilience rather than only intellectual training. The convocation highlighted the PGDM program's alignment with the National Education Policy 2020, industry collaboration and research emphasis, included an interactive career-focused Q&A, and conferred degrees alongside merit and extracurricular awards.
February 9, 2026
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Silver and gold rose on global trends and a weaker dollar, aided by China buying and focus on US macro data.
Silver and gold prices rose sharply on firm global cues and a softer US dollar, with silver up c.6.7% to Rs 2,72,000/kg and 99.9% gold up c.0.8% to Rs 1,58,500/10g. Price gains were driven by international spot increases, domestic buying and speculative flows in silver, while profit-taking limited peaks. Dollar weakness, sustained Chinese central bank gold purchases and anticipation of key US jobs and inflation data were identified as principal market drivers.
February 9, 2026
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Unlisted shares in India: private-equity style investments requiring Demat accounts, off-market transfers, and longer holding periods.
Unlisted shares trade outside recognised exchanges via off-market transfers requiring a Demat account, KYC and depository documentation; pricing is negotiated based on company fundamentals rather than exchange price discovery, liquidity is constrained with longer holding periods, and capital gains taxation depends on holding-period tests-market participants are moving from informal channels to structured platforms and specialist intermediaries.
February 9, 2026
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PAN quoting thresholds raised: mandatory PAN for large cash transactions, vehicle, hotel and property purchases and insurance onboarding.
Draft Income Tax Rules 2026 require PAN for cash deposits/withdrawals aggregating Rs 10 lakh in a year, motor vehicle purchases over Rs 5 lakh (including motorcycles), hotel/event payments over Rs 1 lakh, and immovable property transactions over Rs 20 lakh; PAN will also be required to open account-based relationships with insurance companies.
February 9, 2026
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AuthBridge and Vibrium AI partner to build AI driven conversational verification and cognitive models for faster, more accurate digital trust solutions.
AuthBridge and Vibrium AI will co develop AI powered conversational interfaces and cognitive verification models that integrate generative and cognitive AI into verification infrastructure to improve automation, verification accuracy, real time intelligence, and scalability for secure, enterprise grade digital verification and due diligence.

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Democrats, White House trade offers as shutdown of Homeland Security looms

February 10, 2026

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Washington, Feb 10 (AP) Democrats have begun tentative talks with the White House on their demands for “dramatic” new restrictions on President Donald Trump's immigration crackdown, trading offers just days before funding for the Department of Homeland Security is set to expire.

Senate Democratic Leader Chuck Schumer said Monday that Democrats had sent the White House their list of demands for Immigration and Customs Enforcement and other federal law enforcement agencies. The White House said it had responded with a counterproposal. No details were immediately available.

Time is running short, with another partial government shutdown threatening to begin Saturday. Among the Democrats' demands are a requirement for judicial warrants, better identification of DHS officers, new use-of-force standards and a stop to racial profiling. They say such changes are necessary after two protesters were fatally shot by federal agents in Minneapolis last month.

“Republicans, the clock is ticking,” Schumer said on the Senate floor. “We have sent you our proposals and they are exceedingly reasonable.” There were some small signs of progress. Senate Majority Leader John Thune said Monday there has been a “good back and forth” between the sides on substantive issues and Republicans would send a counterproposal “soon.” Still, it was unclear if the two sides could find agreement on the charged issue of immigration enforcement — and as rank-and-file lawmakers in both parties were skeptical about finding common ground.

Many Republicans have balked at the Democrats' requests and some have demands of their own, including the addition of legislation that would require proof of citizenship before Americans register to vote and restrictions on cities that they say do not do enough to crack down on illegal immigration.

And Democrats who are furious about ICE's aggressive crackdown have said they won't vote for another penny of Homeland Security funding until enforcement is radically scaled back.

“Dramatic changes are needed at the Department of Homeland Security before a DHS funding bill moves forward,” House Democratic Leader Hakeem Jeffries said Monday. “Period. Full stop.” Trump deals with Democrats Congress is trying to renegotiate the DHS spending bill after President Donald Trump agreed to a Democratic request that it be separated out from a larger spending measure that became law last week. That package extended Homeland Security funding at current levels only through February 13, creating a brief window for action as the two parties discuss new restrictions on ICE and other federal officers.

The funding issue came to a head after ICU nurse Alex Pretti was shot and killed by a US Border Patrol officer in Minneapolis on January 24, and some Republicans suggested that new restrictions were necessary. Renee Good was shot by ICE agents on January 7.

While he agreed to separate the funding, Trump has not publicly responded to the Democrats' specific demands, and it is uncertain whether he would agree to any of them.

White House press secretary Karoline Leavitt said late last week that the Trump administration is willing to discuss some items on the Democrats' list, but “others don't seem like they are grounded in any common sense, and they are nonstarters for this administration.” Democratic demands Schumer and Jeffries have said they want immigration officers to remove their masks, to show identification and to better coordinate with local authorities. They have also demanded a stricter use-of-force policy for the federal officers, legal safeguards at detention centres and a prohibition on tracking protesters with body-worn cameras.

The Democrats say Congress should end indiscriminate arrests, “improve warrant procedures and standards,” ensure the law is clear that officers cannot enter private property without a judicial warrant and require that before a person can be detained, it's verified that the person is not a US citizen.

Republicans have said they support the requirement for DHS officers to have body-worn cameras — language that was in the original DHS bill — but have balked at many of the other Democratic asks.

“Taking the masks off ICE officers and agents, the reason we can't do that is that it would subject them to great harm, their families at great risk because people are doxing them and targeting them,” said House Speaker Mike Johnson, R-La., on Monday. “We've got to talk about things that are reasonable and achievable." Tennessee Senator Bill Hagerty said on “Fox News Sunday” that Democrats are ”trying to motivate a radical left base.” "The left has gone completely overboard, and they're threatening the safety and security of our agents so they cannot do their job,” Hagerty said.

Consequences of a shutdown In addition to ICE and US Customs and Border Protection, the homeland security bill includes funding for the Federal Emergency Management Agency and the Transportation Security Administration. If DHS shuts down, Thune said last week, “there's a very good chance we could see more travel problems” similar to the 43-day government closure last year.

Lawmakers in both parties have suggested they could separate out funding for ICE and Border Patrol and pass the rest of it by Friday. But Thune has been cool to that idea, saying instead that Congress should pass another short-term extension for all of DHS while they negotiate the possible new restrictions.

Many Democrats are unlikely to vote for another extension. But Republicans could potentially win enough votes in both chambers from Democrats if they feel hopeful about negotiations.

“The ball is in the Republicans' court,” Jeffries said Monday. (AP) SKY SKY

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