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    Calcutta HC rejects bail plea of ex-Andaman MP Kuldeep Rai Sharma in bank fraud case
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February 10, 2026
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Ex-Andaman MP Kuldeep Rai Sharma denied bail in Rs500 crore bank fraud; about Rs230 crore allegedly siphoned to associates.
Calcutta High Court refused bail to ex-MP Kuldeep Rai Sharma and co-accused in a Rs 500 crore cooperative bank fraud case under the Prevention of Money Laundering Act, while granting health-based bail to the former managing director; ED investigations allege loans were fraudulently sanctioned through over 100 shell-company accounts and that about Rs 230 crore was siphoned off for the benefit of Sharma and associates.
February 10, 2026
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Government tightens social media rules on AI content: three-hour takedowns, mandatory labelling and metadata embedding.
The IT Rules are amended to bring AI-generated and synthetic content within the regulatory framework, requiring platforms and AI tool providers to remove unlawful content within three hours (two hours for intimate or sexual material), mandate clear permanent labelling and metadata for synthetic content, prevent removal of labels, deploy automated prevention tools, verify user declarations about AI-origin, shorten grievance timelines, and report serious AI-related crimes to authorities.
February 10, 2026
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India's organic production: plans to scale exports, strengthen certification, and mobilise cooperatives for supply growth.
India seeks to become a global hub for large-scale organic production, aiming to triple organic exports again over the next five years. Policy priorities stress strengthening certification trust and credibility through alignment with international standards under the National Programme for Organic Production, and mobilising cooperatives to aggregate farmers and build viable village-level organic supply chains to serve rising domestic and international demand.
February 10, 2026
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India-Seychelles commit to deepen defence cooperation, maritime security, and capacity building including joint exercises and modernisation.
India and Seychelles committed to deepen defence cooperation and maritime security through expanded training, hydrography, ship and aircraft visits, defence delegation exchanges, and long-term modernisation partnerships. They welcomed joint participation in Lamitye 2026, the International Fleet Review, and Exercise Milan 2026, and agreed to implement capacity building initiatives. The countries also aligned on cooperation in digital solutions, data sharing, and maritime scientific research within a shared framework reflecting India's MAHASAGAR vision for cooperative, sustainable regional security and growth.
February 10, 2026
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Government sale of BHEL stake via OFS opens at Rs 254/share offering up to 5% including green shoe option.
The government is offering up to 5% of BHEL equity via an offer for sale at a Rs 254 floor price, comprising a 3% base sale plus a 2% green shoe option, with staggered bidding windows for non retail and retail investors and proceeds contingent on full subscription.
February 10, 2026
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India-EU free trade agreement unites markets, enabling seamless goods flow across a two-billion-person common market.
The text reports the conclusion of negotiations for a Free Trade Agreement between India and the European Union, combining markets representing about one quarter of global economic activity and roughly two billion people to create a seamless common market for goods, enhance market access, and facilitate competitive global value chains, with plans to sign and operationalise the agreement within the next year.
February 10, 2026
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Lok Sabha Budget debate resumed after Rahul Gandhi deferred opening to avoid engineered disruptions; Speaker removal notice filed.
Rahul Gandhi declined to open the Lok Sabha Budget debate to avoid engineered disruptions, proposing to speak later; floor leaders met on strategy. The House resumed after adjournments with a Congress MP initiating debate at the Chair's invitation, following submission of a notice for a resolution to remove the Speaker and suspensions of multiple members for the remainder of the Budget session.
February 10, 2026
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Indian Youth Congress protests government silence; over 150 detained and parliamentary quotation of an unpublished memoir disallowed.
Indian Youth Congress protesters alleged government silence on trade transparency, China border security, and references in a retired Army chief's unpublished memoir; during a gherao at Jantar Mantar police barricaded the march toward the Prime Minister's residence and over 150 participants were reported detained, while in Parliament a bid to quote the unpublished memoir was disallowed by the Speaker, triggering heated exchanges and adjournments.
February 10, 2026
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Texmaco reports strong demand visibility with a Rs 5,661cr order book despite quarterly profit decline due to execution delays.
Texmaco recorded a 44% year on year decline in consolidated profit to Rs 42 crore for the quarter, while maintaining an order book of Rs 5,661 crore that supports medium term demand visibility. The company cited wheel availability constraints, export tariff related headwinds, infrastructure execution delays and global supply chain disruptions as causes of lower revenue and EBITDA, and said sustained public investment in railways underpins demand across freight wagons, electrification, EMU coaches and rail subsystems.
February 10, 2026
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Titagarh Rail Systems approved to operate as a wagon leasing company, enabling private ownership and leasing of wagons.
Registration approval authorises Titagarh Rail Systems Ltd to operate as a Wagon Leasing Company, permitting ownership of freight wagons and their leasing under the Wagon Leasing Scheme to increase wagon availability, enhance freight capacity and improve operational efficiency. The company may establish a special purpose vehicle for leasing and must comply with operational, safety, maintenance and other regulatory requirements stipulated by Indian Railways and relevant authorities.
February 10, 2026
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India's CPI rank rises to 91st; report warns attacks on journalists and rollback of democratic checks undermine accountability.
The 2025 Corruption Perceptions Index records limited anti corruption progress overall, with India's score rising one point and its rank improving five places to 91st. The report links weakened oversight to the rollback of democratic checks and balances and growing restrictions on civic space, which undermine transparency and enforcement. It further identifies attacks on journalists as a key factor that obstructs corruption reporting and impedes accountability, noting that countries hostile to investigative journalism are particularly prone to worsening corruption.
February 10, 2026
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Unemployment fell to 6.7% urban and 4.0% rural in Oct-Dec while LFPR and WPR rose, driven by rural and female gains.
Unemployment among persons aged 15 and above fell in October-December 2025: urban UR to 6.7% from 6.9% and rural UR to 4.0% from 4.4%. Employed persons rose from 56.2 crore to 57.4 crore. Self-employment increased to 63.2% in rural areas and 39.7% in urban areas. Rural employment remained concentrated in agriculture (58.5%) and urban employment in the tertiary sector (61.9%). LFPR rose to 55.8% and WPR to 53.1%, with female and rural participation driving gains; estimates follow a revised CWS-based quarterly methodology introduced in January 2025.
February 10, 2026
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Himachal Pradesh will continue the Old Pension Scheme despite central grant withdrawal, funding obligations from state resources.
The state will continue the Old Pension Scheme and welfare initiatives despite the central withdrawal of the Revenue Deficit Grant, mobilising its own resources to avoid subsidy rollbacks, allowance freezes, or migration to the Unified Pension Scheme; the RDG, provided under Article 275(1), is characterised as essential to bridge a roughly Rs 10,000 crore annual revenue-expenditure gap, and the Chief Minister will seek restoration while opposing claims that fiscal stress stems solely from current administration actions.
February 10, 2026
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Wormwood Hotels plans 10-property expansion using leased assets, management contracts and investor funding, targeting an IPO.
Wormwood Hotels plans to reach ten operational properties by end-2027 with about Rs 100 crore capital expenditure. Existing assets operate under a lease model funded by an external investor, while the founder retains brand ownership and runs hotels under management contracts. Land has been acquired for future development, and an initial public offering is targeted once ten properties are operational.
February 10, 2026
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Polavaram project and farm funds: seeks revocation of stop order, Rs1,211 crore release and rail expansions.
Seeks revocation of the stop work order on the Polavaram project, reimbursement for increased canal capacity costs, and full financial assistance for Polavaram Phase II including land acquisition, rehabilitation and embankments, with Phase II funding estimated at about Rs 32,000 crore; requests technical and financial support for a Polavaram-Nallamala Sagar link under national river linking policy. Urges gazette notification of the Vamsadhara Tribunal report, constitution of a Godavari Tribunal, raises objections to upstream dam height increases, and seeks release of Rs 1,211 crore pending under central farm schemes alongside multiple rail infrastructure approvals.
February 10, 2026
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Kerala launches Rakshakavacham accident insurance for private sector workers, Rs. 5 lakh death benefit, Rs. 150 annual contribution.
Kerala's Rakshakavacham is a group personal accident insurance scheme implemented through CHIAK for workers in establishments registered under the Wage Security Scheme. It provides a five lakh rupee immediate assistance payment to families on accidental death, additional to Workmen's Compensation benefits. Coverage targets about 25 lakh workers for an annual contribution of 150 rupees, with enrolment via CHIAK and the Labour Department. Claims require a death certificate, FIR and legal heir certificate, and district officers will verify eligibility and manage disbursement.
February 10, 2026
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Andhra Pradesh requests expanded rail projects, high-speed links, freight corridors and new passenger services, including Vande Bharat proposals.
The Chief Minister requested completion of ongoing rail projects, sanction of new railway lines for Rayalaseema and tribal areas, commencement of the South Coastal Railway Zone, extension of high speed corridors to connect pilgrimage and economic centres, specific high and semi high speed links (Visakhapatnam-Vijayawada; Vijayawada-Kurnool; Tirupati-Chittoor), freight measures including concessional reefer container allocation and proposals for Itarsi-Vijayawada and East Coast freight corridors, and passenger infrastructure such as greenfield mega coaching terminals, a Vande Bharat service via Tirupati, additional stoppages and a coach maintenance terminal.
February 10, 2026
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Union Budget criticised for failing to curb inequality, address unemployment, and for concerns over the India US trade deal.
Opposition MPs criticised the Union Budget for failing to address rising economic inequality and persistent unemployment, warning that unchecked income divergence risks social unrest and arguing the Budget lacks measures for job creation and protecting real incomes. They also challenged the interim India US trade deal, questioning concessions on market access for dairy, the stated tariff narrative, and potential foreign oversight of domestic policy, while urging resolution of central dues to states and targeted support for disadvantaged regions and groups.
February 10, 2026
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Delhi Financial Corporation shut; nine-member committee to wind up operations, realise dues, settle liabilities and manage employee claims.
Winding up of the Delhi Financial Corporation was ordered under Section 45 of the State Financial Corporations Act effective February 6, 2026; all operations, including fresh loan sanctioning, are ceased. A nine-member committee led by the state finance secretary is vested with board powers to take custody of assets and records, realise dues, pursue recoveries, settle statutory liabilities including amounts owed to the government, transfer or dispose of assets, manage employee redeployment and terminal benefits under applicable rules, and handle all pending legal proceedings, with final dissolution to follow upon completion of winding-up.
February 10, 2026
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Andhra Pradesh seeking release of Rs 1,211 crore for agricultural schemes and a Makhana Development Board.
Andhra Pradesh requested central release of Rs 1,211 crore pending under agricultural programmes, specifying Rs 216 crore under the PM PRANAM scheme for Community Managed Natural Farming and chemical-use incentives, Rs 200 crore for coconut cultivation development, Rs 695 crore under Per Drop More Crop, and Rs 100 crore as the Centre's share under the Price Deficiency Payment System for Totapuri mangoes; it also proposed a Makhana Development Board to promote makhana cultivation in the Kolleru Lake region.

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PMLA / Black Money

ED registers money laundering case in Tirupati laddu 'adulteration' case

February 10, 2026

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Amaravati/New Delhi, Feb 10 (PTI) The Enforcement Directorate has registered a money laundering case to probe an alleged ghee adulteration scam linked to the preparation of 'laddu prasadam' at the famous Tirumala temple in Andhra Pradesh's Tirupati, officials said.

The federal probe agency booked a case under the Prevention of Money Laundering Act (PMLA) sometime back to probe the alleged proceeds of crime or illicit funds generated by the accused, they said.

The ED is looking at the FIR, documents and chargesheet filed recently in the case by a CBI-led special investigation team (SIT), the officials said.

The SIT has named 36 people, including nine Tirumala Tirupati Devasthanams (TTD) officials and five dairy experts, as accused in the matter.

As per the findings of the SIT, the original material which was sold to the Sri Venkateswara Swamy temple body as ghee was chemically processed palmolein oil and other ingredients.

The ED is looking at alleged money laundering done by the accused and possible generation of illicit funds by the accused through ghee adulteration, the officials said.

They said that the agency suspects involvement of hawala dealings and diversion of funds by the accused in this case.

Andhra Pradesh Chief Minister N Chandrababu Naidu had claimed in September 2024 that animal fat was used in preparing Tirupati laddus (consecrated sweet) during the previous YS Jagan Mohan Reddy-led regime in the state, triggering a massive political row.

As per TTD Chairman B R Naidu, who addressed a press conference in January, nearly 60 lakh kg of adulterated ghee, valued at approximately Rs 250 crore, was supplied to the TTD during the previous YSRCP government. PTI NES DV

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Acts Income Tax