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February 14, 2026
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Input tax credit fraud exposed; director arrested after probe finds bogus suppliers and inadmissible credits used to discharge tax liabilities.
Investigation by the Anti Evasion Branch found that the company availed inadmissible Input Tax Credit on the basis of invoices from bogus or non functional suppliers, and without actual receipt of goods, using those credits to discharge GST liabilities in contravention of the Central Goods and Services Tax Act, 2017; a company director was arrested and remanded while the probe to trace fund flows and other beneficiaries continues.
February 13, 2026
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India-US interim trade deal provoked uproar; Speaker faced removal notice and MPs were suspended during Budget session.
India-US interim trade agreement and the unpublished memoir dispute triggered disruptions in the first leg of the Budget session, leading to eight MPs being suspended, a notice to remove the Speaker and the Speaker's refusal to occupy the chair until that notice is disposed of; the Lok Sabha adopted the Motion of Thanks without the prime minister's reply while the Rajya Sabha completed debate and adopted the Motion amid an opposition walkout, and Parliament passed an amendment to the Industrial Relations Code.
February 13, 2026
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Retail liquor prices to rise as Uttar Pradesh raises licence fees, reforms MRP and launches an excise export policy.
The excise policy raises the minimum guaranteed revenue (MGR)/licence fee for retail liquor shops and bhang shops, adjusts special additional excise duty on IMFL, and reforms MRP by rounding most country liquor and UPML to the next multiple of Rs 10 while introducing a new 100 ml UPML pack; it also creates a standalone excise export policy to promote distilling and logistics investment and requires retail allotments primarily by renewal with district collectors authorised to approve relocations.
February 13, 2026
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Iridium scam network using fake central bank IDs defrauded investors of crores; six arrested, investigation ongoing.
An inter-state fraud operation used a fake commodity investment scheme claiming funds held with the central bank to obtain payments via staged interviews, counterfeit identity cards, biometric collection and forged documents. The facts give rise to allegations of impersonation, forgery, cheating and criminal conspiracy. Law enforcement conducted coordinated arrests across jurisdictions, seized mobile phones and laptops, and is investigating further victims and participants while advising potential victims to file complaints to assist evidence collection and tracing.
February 13, 2026
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Spectrum allocation ruled not an asset and therefore not subject to insolvency proceedings under applicable insolvency rules.
Allocation of electromagnetic spectrum to telecom service providers was held not to constitute an asset capable of being brought into insolvency proceedings, limiting the scope of creditor remedies under the insolvency regime. The NIA was granted an additional 45 days to continue its probe into a blast, and an individual was released on bail in a decades-old criminal case, illustrating ongoing judicial oversight of investigations and pretrial liberty decisions.
February 13, 2026
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Lodha Developers ex-director accused of laundering over Rs 85 crore using front entities, forged MOUs and benami land deals.
Allegations state a former director exceeded limited authority to orchestrate unauthorized transactions that generated, concealed and laundered proceeds of crime exceeding Rs 85 crore by using front entities, benami arrangements, forged MOUs, diversion of company funds through controlled entities, cash withdrawals, undervalued alienation of company land and Transferable Development Rights, and fraudulent allotment of residential units to benefit associates.
February 13, 2026
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Rupee falls to 90.66 as forex reserves decline and a new CPI series is introduced, weighing on markets.
The rupee weakened to 90.66 per US dollar amid a firmer dollar, weak domestic equities, and foreign institutional investor outflows, while RBI data showed a notable weekly decline in forex reserves. Authorities introduced a new Consumer Price Index series with expanded coverage and re-weighted constituents to better inform monetary and fiscal policy.
February 13, 2026
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Supreme Court updates: spectrum ruled non IBC asset; Himachal local polls deadline extended; directions on probes and enforcement.
The Court extended the Himachal Pradesh deadline for local body elections to May 31, required an investigative agency to file a status report on multiple FIRs arising from ethnic violence, ordered a rusticated minor be permitted to sit Class 10 exams with the examination council issuing an admit card, signalled that substantial security may be required in enforcement of a foreign civil judgment if contested, and held that telecom spectrum allocations are not assets subject to proceedings under the Insolvency and Bankruptcy Code.
February 13, 2026
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Spectrum allocated to telecom providers is not an IBC asset; licensing rights do not create proprietary title for insolvency.
Spectrum allocated to telecom service providers is not susceptible to IBC proceedings because the Union retains ownership and the telecommunications statutes and regulatory framework govern administration, use, transfer, and licensing; recognition of spectrum licensing rights as an intangible asset in financial statements does not create proprietary title, and absent transfer of title such licensing rights are not part of the insolvency asset pool.
February 13, 2026
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Priority sector lending potential estimated at Rs 4.88 lakh crore for FY27, with major allocations to agriculture and MSMEs.
NABARD's State Focus Paper projects a priority sector credit potential of Rs 4.88 lakh crore for FY27, allocating Rs 2.24 lakh crore to agriculture and allied activities and Rs 2.27 lakh crore to MSMEs, with block level sub sector estimates to inform the annual credit plan and align financial institutions with development priorities.
February 13, 2026
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Andaman bank fraud: Enforcement Directorate attaches Rs 200 crore in properties under PMLA, linking assets to shell companies.
The Enforcement Directorate, by a provisional order under the Prevention of Money Laundering Act, attached 51 immovable properties worth Rs 200.02 crore allegedly derived from a Rs 500 crore fraud at the Andaman and Nicobar State Cooperative Bank; assets are held in names of accused persons, relatives, associates and controlled firms. The ED alleges use of 23 shell companies, dummy directors and powers of attorney to conceal consideration and that over 100 high-value loans were sanctioned in violation of NABARD, RBI and internal bank directives; a chargesheet against 39 entities was filed in November 2025.
February 13, 2026
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Startup India expands funding, tax reliefs and compliance relaxations to boost venture financing, ESOP flexibility and GST ease.
Startup India recognises over 2.07 lakh startups and deploys three principal funding mechanisms-Fund of Funds for Startups (FFS) via SIDBI backed AIFs (Rs. 25,547.98 crore invested), Startup India Seed Fund Scheme (SISFS) providing grants/convertible/debt through incubators (Rs. 590.93 crore approved), and a Credit Guarantee Scheme for Startups (CGSS) guaranteeing loans (circa Rs. 808.18 crore). Concurrent regulatory and tax easements include profit linked tax deductions, ESOP TDS deferral, carry forward/set off relaxations, GST procedural reforms (simplified registration, QRMP, provisional refunds, interest/penalty waivers, reduced pre deposits) and Companies Act compliance relaxations (optional cash flow, deposit exemptions, reduced board meeting frequency, ESOP and convertible note flexibilities).
February 13, 2026
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Greenfield industrial cities: SPVs formed for 12 projects, EPCs appointed for nine, environment clearances for eleven.
All twelve greenfield industrial city projects have incorporated Special Purpose Vehicles; equity released to nine SPVs; Programme Managers for New Cities appointed for nine projects; EPC contractors appointed for nine projects with one additional contractor finalised; eight EPC contracts had been awarded for internal trunk infrastructure as of January 2026 with one further award thereafter; environment clearances secured for eleven projects and foundation stones laid at two projects.
February 13, 2026
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Lead Bank Scheme draft revises governance, roles, and committee structures; public comments invited by March 6, 2026.
Draft circular revising the Lead Bank Scheme aims to refine Scheme objectives, clarify governance by specifying structure, membership and agenda of fora, and delineate roles and responsibilities of key functionaries. It also proposes measures to strengthen the State Level Bankers' Committee and Lead District Manager offices. Public comments are invited by email using a prescribed subject line within the stated deadline.
February 13, 2026
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RBI draft directions on loan recovery require fair treatment, due diligence, training, and codes for recovery agents.
The Reserve Bank of India has issued draft Amendment Directions extending responsible business conduct requirements on loan recovery and engagement of recovery agents to all regulated entities, specifying safeguards on fair treatment of borrowers, conduct of lender employees and agents, due diligence, training, and a code of conduct for recovery agents, and inviting public comments through prescribed channels.
February 13, 2026
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India's forex reserves fell $6.7bn to $717.06bn; foreign currency assets rose while gold and SDRs declined.
India's foreign exchange reserves fell USD 6.711 billion to USD 717.064 billion for the week ended February 6. Foreign currency assets increased by USD 7.661 billion to USD 570.053 billion, gold reserves dropped by USD 14.208 billion to USD 123.476 billion, SDRs declined by USD 132 million to USD 18.821 billion, and the reserve position with the IMF fell by USD 32 million to USD 4.715 billion.
February 13, 2026
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Gold and silver ETFs see increased investor flows as platforms use open ONDC infrastructure to offer SEBI-regulated products.
Record transaction volumes in gold and silver ETFs reflect investor shifts from physical holdings to SEBI-regulated products; Stable Money's early integration with the Open Network for Digital Commerce enables distribution of regulated mutual funds and ETFs via an open, interoperable infrastructure, increasing reach without closed ecosystems and concentrating mutual fund transactions on the network.
February 13, 2026
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Electoral trusts disbursed Rs 3,826 crore in FY25, with one party receiving 82.5%-report calls for greater transparency.
Electoral trusts received Rs 3,826.34 crore in FY2024-25 and disbursed Rs 3,826.35 crore, with one party receiving 82.52% of distributed funds; ten of twenty trusts reported receipts, five trusts' reports were unavailable, and instances of nil reporting and accounting anomalies were noted. The report identified concentration among top donors and sectors, significant undisclosed donor addresses, and called for enhanced transparency and enforcement under the Electoral Trusts Scheme, 2013.
February 13, 2026
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Wheat and sugar exports authorised with pro-rata quotas for mills and a 70% export fulfilment condition by June 30, 2026.
The government authorised export of 25 lakh tonnes of wheat and an additional 5 lakh tonnes each of wheat products and sugar to manage domestic supply and prices, relying on current private-stock estimates and projected central-pool availability. Additional sugar exports will be allocated on a pro-rata basis to willing mills that declare willingness within 15 days and must export at least 70% of their allocation by June 30, 2026; allocated quotas are non-transferable.
February 13, 2026
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National Productivity Week highlights MSME cluster productivity, Industry 4.0 readiness assessment, and proposed productivity rating systems.
NPC advanced cluster-based strategies to boost MSME competitiveness and global integration, advocating shared infrastructure and knowledge exchange. It proposed an Industry 4.0 Readiness Assessment Framework, an Indian Productivity Rating System, a 5S Assessment Framework for export readiness, sector-specific benchmarks, and a Learning & Development Centre to embed productivity tools. Energy efficiency, sustainable production, youth engagement, and international collaboration were presented as complementary measures to translate productivity gains into cost efficiency and competitiveness.

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News and Press Release

PM GatiShakti Network Planning Group Evaluates 352 Infrastructure Projects Worth ₹16.10 Lakh Crore

February 10, 2026

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₹5,000 Crore Provided to States as 50-Year Interest-Free Loan for Infrastructure Development Under PM GatiShakti

PM GatiShakti National Master Plan (PMGS NMP), a transformative approach for planning and development of infrastructure in the country, was launched in October 2021. The Network Planning Group (NPG), constituted under the PM Gati Shakti National Master Plan (PMGS-NMP) framework, evaluates the critical infrastructure projects of the Central Government to ensure integrated planning, multimodality, inter-modality, synchronization of efforts, last mile connectivity, comprehensive development in and around the project location, data-driven decision makings, etc at the planning stage. As on date, 352 infrastructure projects with total estimated cost of ₹ 16.10 Lakh Crore have been evaluated through the NPG mechanism. Out of these 352 projects, 201 projects have been sanctioned - out of which, 167 projects are under implementation.

Ministry of Finance, Department of Expenditure through Part-II (for PM Gati Shakti related expenditure) of the "Scheme for Special Assistance to States for Capital Investment for 2022-23" made a provision of ₹ 5000 crores for disbursement among the States for infrastructure development in the form of 50 years interest-free loan. Details of projects of the States, approved under the Part-II of the “Scheme for Special Assistance to the States for Capital Investment” and funds allocated.

Monitoring of implementation of ongoing Central Sector Projects, including the infrastructure projects planned and evaluated under the PM Gati Shakti framework, costing ₹150 crore and above are carried out by the Ministry of Statistics and Programme Implementation (MoSPI). A detailed flash report, showing status, cost overruns etc., is being published from July 2025 onwards on PAIMANA (Project Assessment Infrastructure Monitoring and Analytics for Nation Building) portal (i.e. https://ipm.mospi.gov.in/ReportPage).

Further, an institutional mechanism, i.e. Project Monitoring Group (PMG), has been set up with the objective of milestone-bases monitoring of projects and for expediting issue resolution and fast tracking the execution of large-scale infrastructure projects (having estimated cost of Rs.500 Crore & above). PMG has implemented a unique 5-tier Escalation framework that ensures issues are addressed at the appropriate level, beginning with the respective Ministry for regular issues and escalating upto the PRAGATI (Pro-Active Governance and Timely Implementation) forum for complex issues. This approach streamlines the review mechanism, prevents duplication and enables higher authorities to focus on critical issues. To resolve bottlenecks and ensure timely completion of projects, the PM GatiShakti National Master Plan has been integrated with the PMG that has expedited resolution of issues and regulatory bottlenecks in implementation of the projects.

This information was given by the Minister of State for Ministry of Commerce & Industry, Shri Jitin Prasada, in a written reply in the Lok Sabha today.

***

Abhishek Dayal/Shabbir Azad/Anushka Pandey

ANNEXURE-A

Ministry-wise details of Projects evaluated through the NPG Mechanism under the PM GatiShakti Framework

Ministry/Department

Number

of Projects

evaluated

by NPG

Sanctioned

Yet to be

Sanctioned

Under

Imple-

mentation

Total

Estimated

Cost

(Rs. in Crore)

Ministry of Road Transport

and Highways

164

87

77

55

8,61,821

Ministry of Railways

137

83

54

83

4,22,324.84

Ministry  of  Housing and

Urban Affairs

23

7

16

7

2,01,264

Ministry of Petroleum and

Natural Gas

4

4

0

3

9,271

Ministry of Ports,

Shipping and Waterways

3

2

1

1

49,758.86

Ministry of Civil Aviation

5

3

2

3

7,871

NICDC, Department

for Promotion of Industry

and Internal Trade

12

12

0

12

28,693

Ministry of New and

Renewable Energy

01

1

0

1

20,773.70

Ministry of Electronics and

Information Technology

01

0

1

0

4,680

Ministry of Textiles

02

02

0

2

3,957

Grand Total

352

201

151

167

16,10,414

ANNEXURE-B

State Wise Fund Allocation Under Part-II of the Scheme for Special Assistance to States for Capital Investment for 2022-23.

Sr.

No.

States

No. of Projects approved by the

Department of Expenditure (DoE)

Approved Capital Expenditure

(Rs. in Crores)

1

West Bengal

30

376

2

Chhattisgarh

27

168.42

3

Bihar

21

502.92

4

Uttar

Pradesh

15

896.91

5

Madhya

Pradesh

11

393

6

Maharashtra

8

316

7

Tamil Nadu

8

204

8

Rajasthan

7

301

9

Assam

6

156

10

Nagaland

5

28.43

11

Kerala

4

96

12

Tripura

4

35

13

Gujarat

3

174

14

Haryana

3

55

15

Jharkhand

3

165

16

Manipur

3

36

17

Himachal

Pradesh

3

42

18

Arunachal

Pradesh

3

87.85

19

Andhra

Pradesh

2

202

20

Karnataka

2

182

21

Meghalaya

2

38

22

Mizoram

2

25

23

Uttarakhand

2

56

24

Goa

1

19

25

Punjab

1

90

26

Sikkim

1

19

27

Telangana

1

100

28

Odisha

0

0

 

Total

178

4764.53

Source: Department of Expenditure’s Office Memorandum (OM) for approval of projects under Part-II of the Scheme for Special Assistance to States for Capital Investment for 2022-23

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