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February 12, 2026
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Aadhaar card tracing: High Court directs Centre and state to create an SOP for faster police access.
The High Court directed central and state governments to formulate an SOP for police access to Aadhaar card details to enable faster tracing of victims, stressing expedited procedures for missing children and suspected human trafficking; it ordered the Unique Identification Authority director be made a party, received a report from the state legal services authority on action taken after an alleged assault, and scheduled further hearing.
February 12, 2026
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KELTRON secures Rs18 crore export deal to supply Passive Sonar systems; KS Smart to buy 40% stake in Kokonix.
KELTRON signed an Rs 18 crore export agreement, via Neo Power, to supply Passive Sonar systems to navies in the South Asia-North Africa region-its largest single export order following a successful 2025 shipment of 300 sonar elements that met delivery and quality standards. Concurrently, Kokonix will transfer a 40 percent stake to KS Smart to revive laptop manufacturing and bolster its smart-device production capacity.
February 12, 2026
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India-US trade framework remains the basis for an interim agreement; fact sheet amended to reflect shared understandings.
The India-US joint statement is the binding framework for an interim trade agreement; amendments to the White House fact sheet were made to reflect shared understandings, removing references to pulses and digital services taxes and reframing commitments as intentions to reduce tariffs on specified US industrial and agricultural goods and to increase purchases of US energy and technology products.
February 12, 2026
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New CPI series shows January inflation at 2.75%, revises basket and weights, impacting monetary policy signals.
The new CPI series rebased to 2024 (HCES 2023-24) expands the basket to 358 items, reweights components-notably lowering Food & Beverages to 36.75% and enlarging Housing to 17.67%-widens price collection across rural, urban and online markets, and reclassifies groups into a 12-category COICOP-aligned framework. Index values begin January 2025 with year on year comparability from January 2026 and a linking factor enables back-calculation; methodological changes aim to align inflation signals with current expenditure patterns and refine the basis for monetary and fiscal policy calibration.
February 12, 2026
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Money laundering probe alleges director diverted company funds through front entities, benami deals and forged documents causing large losses.
The director allegedly exceeded limited authority to generate and conceal proceeds of crime by diverting company funds through front entities, reselling land to the company at inflated prices, transferring land and TDRs at undervalued rates, executing benami transactions, fabricating MoUs to create bogus possession claims, and facilitating fraudulent allotment of flats, causing over Rs 85 crore wrongful loss; the money laundering probe proceeds under PMLA with the accused produced and arrested during production proceedings.
February 12, 2026
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New CPI series updates base year to 2024, widens basket and recalibrates weights to better measure inflation.
India introduced a new Consumer Price Index series with base year 2024=100, expanding coverage to 358 items and 12 classification groups, recalibrating weights using the Household Consumption Expenditure Survey 2023 24, reducing the food and beverages weight to 36.75%, and updating price collection across extensive rural, urban and online markets to provide more contemporaneous inflation signals for policy calibration.
February 12, 2026
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Loan recovery rules require agent training, call recording, respectful conduct, background checks and restrictions on contact timing.
The Reserve Bank proposes mandating recorded phone calls and civil conduct by recovery agents, prohibiting abusive language and inappropriate messaging, and banning contact at inopportune occasions. Banks must adopt internal guidelines, protect customer information held by agents, require completion of formal debt recovery training, and conduct pre engagement and periodic background verifications of agent representatives. Banks must exercise utmost caution before involving agents in matters that are subjudice and ensure recovery agencies comply with verification, training, and conduct standards.
February 12, 2026
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Sensex falls amid IT sell-off and AI concerns; TCS drops below Rs10 lakh crore market capitalisation.
Benchmark indices fell on heavy selling in IT stocks as AI-related disruption fears and diminished expectations of a near-term Fed rate cut following strong US jobs data drove volatility; TCS tumbled over 5%, pushing its market capitalisation below the Rs 10 lakh crore mark, while foreign institutional investor inflows in February provided limited offsetting support.
February 12, 2026
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New CPI series recalibrates weights and expands services and digital coverage to improve inflation measurement for policy use.
The National Statistics Office released a redesigned Consumer Price Index with base 2024=100 that recalibrates item weights using the Household Consumption Expenditure Survey 2023-24, expands coverage of goods, services and digital channels, reduces the food and beverages weight, and aims to provide more accurate inflation signals to aid monetary policy calibration and stabilize CPI-linked fiscal items.
February 12, 2026
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Intel's India-specific warranty policy deemed abusive of dominance; fined INR 27.38 crore and ordered to publicise withdrawal.
CCI held Intel dominant in the boxed desktop microprocessor market and found its India-specific warranty policy discriminatory and limiting of parallel imports, causing an appreciable adverse effect on competition under Section 4. The Commission imposed a reduced penalty of INR 27.38 crores after considering mitigation including policy withdrawal and directed Intel to publicise the withdrawal and submit a compliance report.
February 12, 2026
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Samsung Galaxy F70e 5G available with Bajaj Finserv Easy EMIs offering flexible tenures and zero down payment.
Samsung launched the Galaxy F70e 5G and promotes purchase via Bajaj Finserv Easy EMIs offering quick approvals, customised payment terms, zero down payment on select models, and flexible tenures (3-60 months). Bajaj Finance Limited is identified as a deposit taking NBFC registered with the Reserve Bank of India and classified as an NBFC Investment and Credit Company that engages in lending and acceptance of deposits, with a diversified lending portfolio and published credit ratings.
February 12, 2026
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India garment duty access: apparel made with US yarn or cotton to qualify for duty concessions under an interim trade pact.
India will receive apparel duty concessions under an interim India US trade agreement when garments meet yarn forward or cotton forward rules of origin by procuring yarn and/or cotton from the US, mirroring benefits extended to Bangladesh; the arrangement, contingent on signing the legal agreement by mid March, includes no quotas on raw material imports and aims to preserve protections for most Indian agricultural products.
February 12, 2026
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Nationwide strike contests labour codes and protest limits; courts question RERA functioning and expressive boundaries.
Trade unions held a nationwide strike opposing labour codes and the proposed Industrial Relations Code, alleging it favours employers and curtails protest rights. The Supreme Court criticised state RERA bodies for facilitating defaulting builders and urged reconsideration of their constitution and enforcement. The government approved a government to government purchase of 114 combat aircraft, while a defence contractor proposed co development of an aero engine with full intellectual property transfer, raising procurement and IP compliance issues.
February 12, 2026
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SPJIMR launches PGPDM Batch 27 to build development sector leaders with diverse, practice focused training and RBI emphasis on intermediaries.
SPJIMR launched Batch 27 of its PGPDM, a 37 member, gender balanced cohort emphasizing practice oriented learning and capacity building for development sector leadership. The programme highlights the importance of capable intermediaries to bridge government, business and society-critical to MSME promotion and entrepreneurial support-and is positioned as the only Indian development management programme with triple international accreditation.
February 12, 2026
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Popcorn maize collaboration boosts domestic production via hybrid agreements, contract farming, export readiness, and aatmanirbhar goals.
ICAR-IIMR and Gourmet Popcornica entered formal agreements for IIMR-bred popcorn hybrids to translate research into commercial cultivation, improving yields, kernel quality and pest resistance. Through structured contract farming, capacity building for over 17,500 farmers, mechanisation and responsible sourcing across tens of thousands of acres, the partnership reduced import dependence (domestic production now ~65% of demand) and aims to develop export readiness and an aatmanirbhar popcorn maize value chain.
February 12, 2026
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Kisan Credit Card scheme revised to standardize crop seasons, extend tenures, align drawing limits, and add tech expense eligibility.
Revised Directions propose an updated Kisan Credit Card (KCC) Scheme consolidating guidelines for multiple bank types, standardizing crop seasons into short (12 months) and long (18 months) durations, extending KCC tenure to six years, aligning drawing limits with the scale of finance for each crop season, and adding specified technological and certification expenses within a 20% additional component as eligible. The draft is open for public and regulated entity comments by March 6, 2026 through prescribed online and email channels.
February 12, 2026
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MedTech startups urged to go global leveraging trade pacts and 80% IP fee rebate to scale affordable exports.
MedTech startups are urged to capitalise on India's trade agreements that secure market access to about 70% of global GDP, with support including an 80% rebate on IP fees, 24x7 Startup India assistance, facilitation of delegations and mission support, regulatory progress enabling exports, expansion of NIPERs and a new NID, infrastructure plans for manufacturing clusters, and public-private grant and incubation awards to accelerate commercialization.
February 12, 2026
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Rupee rises on foreign fund inflows and RBI liquidity support while equities fall amid trade-deal concerns.
The rupee appreciated to 90.61 against the US dollar as foreign fund inflows and RBI liquidity support lifted sentiment, while concerns over India-US trade fact sheet terms and sector sensitivities coincided with equity market declines and continued foreign institutional purchases.
February 12, 2026
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Kiteskraft's The Power List spotlights mentors and change makers driving ethical leadership, innovation, and community impact.
Kiteskraft Productions LLP published The Power List, a compendium recognizing mentors and change makers across education, healthcare, arts, finance, and social enterprise, highlighting their leadership, ethical practices, mentorship roles, public service initiatives, professional achievements, and contributions to community empowerment; the release frames Kiteskraft as an events and recognition organiser and presents the profiles descriptively under a PRNewswire arrangement.
February 12, 2026
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Gold price surge boosts borrowers' collateral value; lenders advise leveraging higher LTV for debt consolidation.
Rising gold prices have increased the collateral value of pledged jewellery, raising the absolute loan amount available within the RBI Loan-to-Value cap. Borrowers may leverage higher valuations for liquidity needs such as debt consolidation or business expansion. Lenders should ensure transparent, real-time appraisal processes and borrowers are advised to use RBI-regulated lenders and bank-grade custody standards to secure peak market valuation and potentially access improved credit terms and lower long-term borrowing costs.

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If language protest is a 'disease', most states suffer from it, says Raj Thackeray targeting Bhagwat

February 10, 2026

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Mumbai, Feb 10 (PTI) Maharashtra Navnirman Sena (MNS) president Raj Thackeray on Monday said that if RSS chief Mohan Bhagwat if of the opinion that protesting for one's language is a "disease", then a majority of the states in the country suffer from it.

In a post on X, Thackeray also claimed that those who attended Bhagwat's programme here on February 7-8 to mark the RSS centenary did not come out of love for him but due to the fear of Narendra Modi's government.

The Bharatiya Janata Party (BJP), however, dismissed the remarks, saying people attend Rashtriya Swayamsevak Sangh's (RSS) programmes voluntarily and with discipline.

On the issue of Marathi language and identity, the ruling BJP said Marathi is a matter of pride, but stressed that a language should remain a medium of communication rather than conflict.

Thackeray noted that the regional sentiment in the southern states like Tamil Nadu and Karnataka is fervent. There is a similar sentiment in Punjab, West Bengal and even in Gujarat.

When hordes of people from four-five states in the country go to different states, act arrogantly there, reject the local culture, insult the local language, create their own vote banks, it leads to resentment among locals, leading to outbursts, he noted.

Will Bhagwat call it a disease? the MNS president asked.

During an event in Mumbai over the weekend, Bhagwat interacted with people from different walks of life and responded to a series of questions. On the language row, he had said the "localised disease" should not spread.

Reacting to it, Thackeray said, "If Bhagwat feels love for language and state is a disease, then a majority of the states in the country suffer from it." Thackeray said Bhagwat did not give these "sermons" to Gujarat when thousands of people from Uttar Pradesh and Bihar were driven away from there. Why were such lessons not given to Karnataka, Tamil Nadu, Andhra Pradesh, West Bengal and Punjab? he asked.

"Bhagwat can show the courage of making such remarks because Marathi manoos are tolerant, but more than that, those in power are spineless," he claimed.

Notably, the MNS and Uddhav Thackeray's Shiv Sena (UBT) contested last month's municipal corporation polls on the plank of Marathi identity and the 'sons of the soil' issue.

Raj Thackeray said, "For us, the Marathi language and the Marathi people are of paramount priority. Linguistic and regional identities will remain in this country, and so they will in Maharashtra too! This is our right, and whenever such situations arise, Maharashtra will rise with full fury." The MNS leader further said he respects the Sangh's work, but it should not indirectly take a political stand. And if it does, then it must first pull up the government that's "imposing Hindi (which isn't even the national language) across the country," and then come teach us about harmony.

Raj Thackeray also said Bhagwat should not teach him Hindutva. When Hindus are attacked, the MNS will do whatever it can as Hindus.

The MNS was the party that took out marches against the Raza Academy "riots", protested against loudspeakers on mosques, and took a stand against the massive loudspeakers and DJs during Hindu festivals that trouble citizens, he pointed out.

"We call out what's wrong as wrong. When will you (Bhagwat) speak up like that? When will you speak about the chaos in the name of Hindutva across the country - the way women are made to dance during kanwar yatras in north India?" he said.

In 2014, India was ninth in beef exports and today it's second, yet the drama of cow slaughter politics continues, inflaming sentiments. When will Bhagwat speak on it? Raj Thackeray asked.

Responding to the comments, BJP state chief spokesperson Keshav Upadhye in a post on X said the MNS leader needs to come out of his "misconception" that people attend RSS events out of fear.

Upadhye said that Raj Thackeray should come out of the misconception. It's wrong to assume that just as people come out of fear of MNS, the same must be happening elsewhere. People participate in RSS shakhas, rallies and most events willingly and in an orderly manner, the BJP leader asserted.

He said many RSS activities are held early in the morning or at dawn and therefore may not be visible to everyone.

"The RSS has gained social acceptance over a hundred years of work, while self-serving political parties like the MNS have faded within a few decades. Thackeray should reflect on this," he said.

Referring to the issue of Marathi language and identity, Upadhye said Marathi is a matter of pride, but any language should serve as a medium of communication, not conflict.

He said that when insistence on Marathi turned into hatred for other languages and led to loss of lives, credibility on the issue was lost.

Upadhye also said there was no need to offer advice to the RSS, adding that the organisation stands for dialogue, not confrontation. PTI PR ND GK

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