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    Highlights of draft Income Tax Rules, 2026
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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.
February 9, 2026
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Frontier Nagaland Territorial Authority enables local decision-making through administrative autonomy and devolved subjects for development.
The Frontier Nagaland Territorial Authority agreement grants administrative autonomy to six eastern districts by devolving 46 subjects to the Authority, establishing a dedicated secretariat, and providing a separate Centre-funded annual budget to enable local decision-making and faster execution of development programmes, aimed at fostering peace, stability, infrastructure, investment, tourism, and employment.
February 9, 2026
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Satellite internet partnership to provide high-speed connectivity to remote and underserved areas under a pilot public-private LoI.
A government entity and a private satellite operator executed a Letter of Intent to run a pilot providing high speed satellite internet to remote, border and underserved areas, connecting CSCs, e governance facilities, schools, PHCs, disaster management rooms, police outposts, ports and industrial parks. A Joint Working Group of both parties will coordinate implementation, capacity building and training, with sectoral focus on education, healthcare, security, maritime operations, highway safety and industrial connectivity to support digital inclusion where terrestrial infrastructure is limited.
February 9, 2026
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Union budget cuts to capital expenditure and rural allocations worsen investment shortfalls and hinder growth momentum.
The budget reduces capital expenditure for both Centre and state-advance-funded projects during a period of weak public, private and foreign investment, contributing to lower gross fixed capital formation and slower nominal growth. The budget's fiscal consolidation path is criticised as slow under the FRBM framework and dependent on one-off central bank transfers and expenditure cuts. The document further identifies notable sectoral reductions-agriculture, rural development, state grants and targeted scheme outlays-that are said to undermine rural infrastructure, manufacturing capacity and employment initiatives.
February 9, 2026
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Bhima Jewellery opens Noida showroom offering 22 carat, 100% BIS certified jewellery and expanded pan India retail presence.
Bhima Jewellery opened a new Noida showroom (P17, Sector 18) as part of pan India expansion, offering 22 carat gold, 100% BIS certified products, transparent pricing, and a modern retail experience. The launch reflects a strategy of responsible geographic growth, omnichannel development, and maintaining legacy commitments to purity, craftsmanship, ethical business practices, and consistent quality controls across product categories.
February 9, 2026
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Crypto market plunges into extreme fear as traders rotate into DeepSnitch AI presale for on chain risk monitoring and bonuses.
Market sentiment has plunged into "extreme fear" after Bitcoin and major altcoins fell sharply, prompting capital rotation toward DeepSnitch AI, an AI-driven platform offering live agents that monitor market movement, sentiment, and on-chain risk. AuditSnitch provides instant smart-contract scans with simple verdicts, and the project is in a rising presale stage with promotional bonus codes increasing token allocations; the article pairs this promotional presale narrative with a standard high-risk trading disclaimer.
February 9, 2026
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Domicile certificate applications at KMC surge amid electoral roll revision, prompting centralized verification and expedited issuance to assist voters.
KMC received 18,605 domicile certificate applications during the SIR exercise; 18,482 were forwarded for police field verification, yielding 16,555 enquiry reports, 14,590 certificates issued and 1,287 rejections. A centralised mechanism routes borough applications to KMC headquarters and the sector collector for police checks, with final approval by a WBCS-rank officer and borough-level issuance. Dedicated counters and guidance on documents such as Aadhaar and rent receipts were issued to expedite processing for voters under electoral roll revision.
February 9, 2026
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TMC appeals to Speaker to revoke suspension of eight MPs and restore parliamentary balance and opposition speaking time.
Trinamool Congress has formally appealed to the Lok Sabha Speaker to review and withdraw the suspension of eight opposition MPs, seeking restoration of parliamentary balance and adequate time for opposition participation so the House can function.
February 9, 2026
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TCG CREST launches School of Health, Environment & Sustainability Studies, offering PhD, postgraduate and professional health programmes from August.
TCG CREST established a School of Health, Environment & Sustainability Studies to launch PhD and postgraduate programmes in Health Data Science, Public Health, and Health and Environment Sciences from August, with integrated postgraduate-PhD pathways phased in during 2026-27 and 2027-28, and professional diplomas and short courses (including a Diploma in Critical Care Technology and a Postgraduate Diploma in Healthcare Management) beginning April 2026.
February 9, 2026
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Design IncrediBowl launches a multi-city bowling tournament for architects and designers with Auction Nights and city finals.
VOX partnered with Tangent Networking Services to support Design IncrediBowl, a 2026-2027 multi-city bowling initiative for principal architects and designers that uses city-level Auction Nights for brand bidding on teams, followed by practice sessions, mini-tournaments and a main multi-day city tournament to promote experiential networking and sustained industry engagement.
February 9, 2026
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Lok Sabha Speaker removal resolution proposed over disallowing opposition speech and suspension of opposition MPs.
Opposition parties are preparing a resolution under the constitutional removal mechanism to remove the Lok Sabha Speaker for disallowing the Leader of the Opposition from speaking on the Motion of Thanks, suspending eight opposition MPs, and failing to act on alleged unsubstantiated charges against women MPs. Over 100 MPs have signed the notice, parties have met the Speaker seeking revocation of suspensions and permission for debate, and a final decision on giving the notice will be taken imminently.

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Congress MP asks govt to come out with annual report on social justice

February 10, 2026

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New Delhi, Feb 10 (PTI) Rajya Sabha Congress MP Mukul Balkrishna Wasnik on Tuesday asked the government to come out with annual report on social justice and table it in Parliament on the lines of economic survey.

The government tables economic survey in Parliament prior to the Union Budget.

Raising the issue during Zero Hour in the House, Wasnik said India should institutionalise an annual report on the state of social justice and table it in Parliament just like the economic survey.

"This report should serve as a data-driven strategic guide to uphold the constitutional values of equality and inclusivity, and should be available for discussion in and outside Parliament," he said.

The Congress MP said the report on social justice must systematically evaluate existing legal and policy frameworks to ensure they meet constitutional mandates.

It should focus on security to examine the implementation of various schemes and laws that exist for the protection of the life and dignity of persons from the disadvantaged sections.

"The growing number of atrocities against SCs, STs, women, and the rise in cases of lynching should be at the very core of this report. How long should we be witnessing people getting into the manholes and cleaning the gutters in inhuman conditions and remain spectators of some of them dying in the process? We need to address this as a national priority," he said.

It should also analyse budgetary allocations and ground level impact of affirmative action, and schemes for empowerment of disadvantaged sections.

Wasnik said the report should also focus on socioeconomic gaps, examining disparities in education, employment, median income, and poverty levels across different social segments.

"Why is it that we still have huge backlog in the employment of reserved category persons and what needs to be done? Why is it that there still exists, a huge gap in educational levels of children coming from disadvantaged categories?," he said.

In his Zero Hour mention, KRN Rajesh Kumar of DMK demanded tax exemption and enhanced support to the National Bank for Agriculture and Rural Development (Nabard).

Nabard, he said, is the backbone of India's rural economy.

It plays an important role in agriculture, credit, rural infrastructure, development and helping maintain incomes across the nation, he said.

However, the financial framework under which Nabard operates, severely restricts its ability to fulfil its mandate, the DMK MP said.

Kumar said the imposition of income tax on Nabard affects its operations and drains resource. "I ask the government to remove income tax imposed on Nabard." He also said Nabard needs higher budgetary support and greater autonomy, besides more investment in technology and human resource to fulfil its mission effectively. PTI NKD MJH NKD ANU ANU

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