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February 11, 2026
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Urban Cooperative Banks: draft rules raise unsecured-advance limits, increase aggregate ceiling, deregulate certain housing loan terms, comments invited.
The draft Amendment Directions rationalise the definition of unsecured advances, increase individual loan limits and raise the aggregate ceiling for such advances to 20% of total advances, enhance the consumer durable lending limit to nominal members to Rs.2.5 lakh, deregulate housing loan tenor and moratorium for Tier 3 and Tier 4 UCBs, and impose additional disclosure requirements, with public comments invited by March 4, 2026 via Connect 2 Regulate or email.
February 11, 2026
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Dubai International Airport hit 95.2M passengers and will shift operations to Al Maktoum after a $35B upgrade by 2032.
Dubai International Airport, run by state owned and state linked entities, reached 95.2 million passengers in 2025 and faces urban and cost pressures from rapid aviation driven growth. Authorities plan to transfer operations to Al Maktoum International Airport after an estimated $35 billion upgrade, targeting a 2032 operational move to leverage larger expansion capacity and reconfigure long term aviation infrastructure.
February 11, 2026
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India US interim trade agreement cuts tariffs to 18% but is criticised as asymmetrical and harmful to textile competitiveness.
The interim Indo US trade agreement reduces reciprocal tariffs on Indian goods from 25% to 18% and eliminates a prior punitive 25% tariff on Indian crude; opposition commentary characterises the pact as asymmetrical, a "coerced opening" that concedes more than India gains and undermines textile export competitiveness relative to Bangladesh.
February 11, 2026
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White House revises trade fact sheet: removes 'pulses' and softens India purchase commitments language.
The White House revised its interim US-India trade fact sheet to remove "pulses" from the list of US agricultural products on which India will eliminate or reduce tariffs and to change wording from India "committed" to buy over $500 billion of US goods to India "intends" to buy more American products and purchase over $500 billion of specified US goods.
February 11, 2026
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Supreme Court to hear challenges on detention of activist, money laundering case, service pay and police reforms.
The Supreme Court will hear petitions challenging the detention of climate activist Sonam Wangchuk; a state chief minister's challenge to Enforcement Directorate money laundering proceedings; a petition concerning pay and allowances of members of the Uttar Pradesh State Consumer Dispute Redressal Commission; and a petition concerning police reform.
February 11, 2026
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Puducherry interim budget to be tabled Feb 12, Vote on Account to fund departments pending a full budget.
An interim budget will be tabled on February 12 by the Chief Minister acting as finance minister via a Vote on Account to authorize departmental expenditures for the initial months of fiscal 2026-2027; the Assembly will also pass supplementary grants for the current fiscal year because imminent elections prevent presentation of a full budget, with the House comprising thirty elected and three nominated members.
February 11, 2026
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KSDL appoints Tamannaah as brand ambassador, sparking debate over non-Kannada selection and business-driven committee choice.
KSDL's selection committee appointed Tamannaah Bhatia as a two-year brand ambassador for a reported Rs 6.20 crore fee, defending the merit-based, market-oriented choice because several Kannada actors were ineligible due to other endorsements and Mysore Sandal sales are concentrated outside Karnataka (approx. 8-12% in-state), prompting both political and social-media criticism framed as an attack on local talent and counter-arguments stressing commercial strategy and export-oriented expansion.
February 11, 2026
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2026 27 state budget to prioritize inclusive development, poverty welfare, youth empowerment, farmer prosperity and women's dignity.
The 2026-27 state Budget is positioned as a policy instrument to found long term economic transformation toward Viksit Bharat 2047 and a USD 1 trillion state economy, offering a coordinated action plan emphasizing poverty alleviation, youth empowerment, farmer prosperity, women's dignity, and targeted public investment within the routine legislative budget presentation process.
February 11, 2026
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USTR deletes X post after map depicted Pakistan-occupied Kashmir and Aksai Chin as part of India.
The US Trade Representative removed an X post that displayed a map showing Jammu and Kashmir, including Pakistan-occupied Kashmir, and Aksai Chin as part of India; the map accompanied a bilateral interim trade framework announcement and the deletion reflects sensitivities about depicting disputed territories in official social media communications.
February 11, 2026
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Regularisation of daily wagers to be initiated this year; Budget ties industrial incentives to local employment and funds key welfare locally.
The government will initiate regularisation of daily wagers this year and has prioritised job creation, infrastructure, targeted welfare across agriculture, animal husbandry, fisheries and dairy, and youth entrepreneurship through Mission YUVA. The administration will fund six free LPG cylinders from its own resources, extend free bus travel to persons with disabilities, promote EV bus services, and require industrial beneficiaries of subsidies, land and power concessions to prioritise employment for local youth.
February 11, 2026
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Appointment of Bal Jogi Pargat Nath to lead advisory board to develop Ram Tirath as an international Dalit heritage centre.
The Punjab government appointed Bal Jogi Pargat Nath as chairman of the advisory board of the Bhagwan Valmiki Ji Tirath Sthal shrine board and signalled a policy to develop Ram Tirath as an international centre of Dalit faith, heritage and spiritual philosophy to promote recognition of Dalit contributions and the values of equality, dignity and social justice.
February 11, 2026
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Indo-US trade deal could harm J-K dry fruit and horticulture economy, and CM defends the pro-people Budget.
Omar Abdullah warned that the India-US interim trade deal allowing duty-free imports of tree nuts could harm Jammu and Kashmir's dry fruit and horticulture economy and urged protection for local walnuts, almonds and apples. He defended the Budget as pro-people and growth-oriented, noting capital expenditure at 36% (rising by March 31), distinguishing prior higher revenue spending due to loan settlements, assuring salaries and pensions are safe, and highlighting investments in agriculture, horticulture, dairying and rural economic strengthening.
February 10, 2026
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Smuggled gold seized and two arrested after airport wax-capsule concealment and linked melting facility exposed.
Directorate of Revenue Intelligence seized 5.8 kg of smuggled gold worth about Rs 9.22 crore and arrested two syndicate members after surveillance linked intercepted passengers carrying wax-capsule gold to a South Mumbai melting facility where authorities recovered melting and casting equipment, foreign bullion marking dies, record books of smuggled-gold transactions and sale proceeds, and currency notes used as tokens for illegal receipt and delivery; the arrested were booked under the Customs Act and further probe is underway.
February 10, 2026
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Old-age pension discontinuations were administrative safeguards pending verification; valid proof will prompt immediate restoration.
The Haryana government says old-age pensions were administratively discontinued where eligibility could not be verified: cases of recorded deaths identified after Registrar General data arrived in November 2025; beneficiaries under the qualifying age due to manipulated Aadhaar age data, with action initiated for tampering; and cases lacking verified income-based eligibility pending income certificate submission. Valid proof of eligibility will trigger immediate restoration; discontinuations are described as temporary safeguards against ineligible payments.
February 10, 2026
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Mundhwa land deal: accused alleged to have facilitated illegal sale of protected government land at undervalue.
Allegations assert that the accused facilitated illegal regularisation and sale of protected government land in Mundhwa at a substantial undervalue, involved waiver of large stamp duty, execution of documents purportedly on behalf of deceased persons, and connivance with revenue officials, raising serious economic offence concerns and investigative risks from absconding co-accused and potential witness influence.
February 10, 2026
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India-US trade pact: India winding down Russian oil purchases and cutting tariffs on US industrial and agricultural goods.
An interim trade framework establishes reciprocal commitments: the US agreed to remove a punitive 25 per cent tariff on Indian imports in recognition of India's commitment to reduce Russian oil purchases; India has begun winding down Russian energy purchases and increasing American and other energy imports. India will eliminate or reduce tariffs on all US industrial goods and a wide range of US food and agricultural products, while also moving down digital services taxes and other tariffs.
February 10, 2026
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New expressway linking Pashupatinath to Baidyanath Dham proposed, seeking central approval to boost religious tourism.
A 250-km Pashupatinath-Baidyanath Dham high-speed corridor has been proposed, with a detailed proposal sent to the Centre for approval; the project aims to promote religious tourism, cultural exchange and economic activity along a route entering India at Supaul and passing through several Bihar districts, and is presented alongside other expressway initiatives and ongoing India-Nepal border road works totaling 554.08 km.
February 10, 2026
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Parli Thermal Power Station ordered closed for exceeding emission limits and failing pollution control and safety measures.
The Central Pollution Control Board directed the state regulator to immediately stop operation of Parli Thermal Power Station units 6 and 8 for non compliance: units 6-8 operated without a valid Consent to Operate and exhibited PM emissions (87, 85, 91 mg/Nm3) above the 50 mg/Nm3 limit, lacked required online emission and effluent monitoring, discharged untreated sewage and ash into a drain, had effluent pump leakages, missing ash dyke safety audits, no dust suppression at coal yards, and inadequate waste oil management.
February 10, 2026
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Potash exploration in Fazilka approved with Rs 19.03 crore outlay, 21-month timeline and nine-month review.
Approval was granted for a reconnaissance survey potash exploration project in Choharianwali, Fazilka, covering 48 sq km with an approved outlay of Rs 19.03 crore and a 21 month completion period, subject to a programmatic review after nine months and execution by a designated mineral exploration agency under the Trust's sanctioning process.
February 10, 2026
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SASCI scheme: J-K to take Rs 3,000 crore interest-free loan over 50 years; government defends move.
Jammu and Kashmir has secured Rs 3,000 crore under the SASCI scheme as an interest free loan repayable over 50 years; the Chief Minister contends internal financial assessment and the time value of money demonstrate limited present fiscal burden, while opponents urge legislative scrutiny and a committee to examine long term fiscal risks.

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Merck India hosts 6th Merck-Tagore Award: Honours Professor Dr. Lars-Christian Koch for Promoting Intercultural Exchange between India and Germany

February 10, 2026

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MUMBAI, India, Feb. 10, 2026 /PRNewswire/ -- Merck, a leading science and technology company, in collaboration with Goethe-Institut / Max Mueller Bhavan India, the official cultural institute of the Federal Republic of Germany, presented Professor Dr. Lars-Christian Koch with the prestigious sixth Merck-Tagore Award during a celebratory event held at the Royal Opera House in Mumbai. Prof. Dr. Simon Thelen, Vice Chairman of the Family Board and of the Board of Partners of E. Merck KG, handed over the award to Professor Dr. Lars-Christian Koch, an ethnomusicologist, for his outstanding contribution to intercultural exchange between India and Germany, with a particular focus on the life, music, and legacy of Rabindranath Tagore. The jury of the sixth edition of the Merck-Tagore Award consisted of Christoph Hallier, Consul General of the Federal Republic of Germany in Mumbai; Bjorn Ketels, Director, Goethe-Institut /Max Mueller Bhavan Mumbai; Pratima Reddy, Country Speaker, Merck India and Managing Director, Merck Healthcare in India, and Dr. Martin Kämpchen, the first recipient of the Merck-Tagore Award. Addressing the crowd, Bjorn Ketels, Director, Goethe-Institut /Max Mueller Bhavan Mumbai, said, "The Merck-Tagore Award represents a long-standing partnership between Merck and the Goethe-Institut, grounded in a shared commitment to fostering meaningful intercultural dialogue. Professor Dr. Lars-Christian Koch's body of work exemplifies scholarly depth, attentive listening, and a deep respect for cultural memory. Through his sustained engagement with sound, music, and research, he has created bridges across geographies and disciplines, making his contribution to Indo-German cultural exchange both enduring and deeply relevant." During his acceptance remarks, Professor Dr. Lars-Christian Koch reflected on Rabindranath Tagore's enduring influence, noting that the importance of Tagore "remains anchored in life," and emphasizing that while his own academic and curatorial work has become increasingly global, Tagore's ideas continue to shape his intellectual and cultural engagement. Pratima Reddy, Country Speaker, Merck India, added, "At Merck, we believe that meaningful progress is driven by open exchange across cultures and disciplines. The Merck-Tagore Award reflects this belief by recognising outstanding contributions in the humanities that strengthen intercultural understanding. It is our privilege to honour Professor Dr. Lars-Christian Koch for his deep and sustained engagement with India, and for his significant scholarly work on Rabindranath Tagore's musical and cultural legacy, which continues to foster dialogue between India and Germany." About Professor Dr. Lars-Christian Koch, Winner of the Merck-Tagore Award 2025 Professor Dr. Lars-Christian Koch is an internationally renowned ethnomusicologist whose work has significantly strengthened cultural and academic exchange between India and Germany. His engagement with India, and particularly with Rabindranath Tagore, spans several decades. He was associated with the Tagore Institute in Bonn, founded by musicologist Dr. Trina Purohit-Roy, and later pursued studies in Santiniketan, West Bengal- Tagore's place of residence, with a special interest in the songs of the Indian poet. Professor Koch completed his doctoral dissertation at the University of Bonn in 1994 on classical North Indian music, comparing it with the theory of affects in European philosophy. His habilitation in ethnomusicology at the University of Cologne in 2002 marked a return to Tagore's work and resulted in the publication 'Die Lieder Rabindranath Tagores zwischen Tradition und Moderne' (LIT Verlag, Berlin/Münster, 2012). His ethnomusicological research has taken him extensively to India and South Korea, with academic interests spanning North Indian music, instrumental studies, audiovisual media, and music archaeology. He has curated numerous exhibitions and authored a wide range of scholarly essays and books. Professor Koch is an adjunct professor of ethnomusicology at the University of Cologne, an honorary professor at the Berlin University of the Arts and honorary professor at the Humboldt University Berlin. He holds guest professorships at the University of Chicago and the University Vienna. Since 2018, he has served as Director of the Ethnologisches Museum and the Museum für Asiatische Kunst at Berlin's Humboldt Forum. About the Merck-Tagore Award The Merck-Tagore Award, sponsored by Merck India and granted by the Goethe-Institut / Max Mueller Bhavan India, was introduced in 2012 to honour the life and work of Rabindranath Tagore. This award is one of four literary prizes sponsored and promoted by Merck on a global basis. It is granted to writers and scholars who have made a special contribution to cultural exchange between Germany and India. Merck has a historical connection with Rabindranath Tagore. Within the Merck family, Elisabeth Wolff-Merck took on the task of translating Tagore's theatrical piece 'Chitra' from English into German. Her husband, Kurt Wolff, played a pivotal role in publishing Tagore's works in Germany, contributing significantly to the poet's recognition and acclaim in this country. About Goethe-Institut The Goethe-Institut (known in India as Goethe-Institut / Max Mueller Bhavan) is the Federal Republic of Germany's cultural institute, active worldwide. It promotes the study of German abroad and encourages international cultural exchange. The Goethe-Institut / Max Mueller Bhavan's main areas of interest are determined in consultation with its Indian cooperation partners from the fields of art, science and media, from NGOs and select companies, with whom it jointly develops appropriate programmes and projects. The Institute's activities range from film screenings, exhibitions, theatre performances and concerts to workshops and conferences particularly on innovative topics such as digital, AI and media art. The Institute also initiates and organises contacts and research/residency tours for Indian artists, scientists and journalists who wish to go to Germany, thereby supporting them as promoters of culture and paving the way for deeper international and cultural cooperation. About Merck Merck, a leading science and technology company, operates across life science, healthcare and electronics. More than 62,000 employees work to make a positive difference to millions of people's lives every day by creating more joyful and sustainable ways to live. From providing products and services that accelerate drug development and manufacturing as well as discovering unique ways to treat the most challenging diseases to enabling the intelligence of devices – the company is everywhere. In 2024, Merck generated sales of € 21.2 billion in 65 countries. Scientific exploration and responsible entrepreneurship have been key to Merck's technological and scientific advances. This is how Merck has thrived since its founding in 1668. The founding family remains the majority owner of the publicly listed company. Merck holds the global rights to the Merck name and brand. The only exceptions are the United States and Canada, where the business sectors of Merck operate as MilliporeSigma in life science, EMD Serono in healthcare, and EMD Electronics in electronics. All Merck press releases are distributed by e-mail at the same time they become available on the Merck website. Please go to www.merckgroup.com/subscribe to register online, change your selection or discontinue this service. Photo: https://mma.prnewswire.com/media/2890780/Merck_Tagore_Award.jpg' alt='Embedded Media' /> (Disclaimer: The above press release comes to you under an arrangement with PRNewswire and PTI takes no editorial responsibility for the same.). PTI

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