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    CGST Delhi South officials arrest one company director in fraudulent availing ITC of ₹6.53 crore
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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India-US interim trade agreement and the unpublished memoir dispute triggered disruptions in the first leg of the Budget session, leading to eight MPs being suspended, a notice to remove the Speaker and the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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OPPO Launches K14x 5G in India, Bringing Power, Performance and Smoothness for Worry-Free Everyday Use, Starting INR 13,499

February 10, 2026

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New Delhi, 10th February 2026: Building on the strong legacy of its K Series in India, OPPO India today announced the launch of the OPPO K14x 5G, a smartphone designed to deliver Power, Performance and Smoothness—a top-tier trio that defines OPPO’s promise of a worry-free, all-day experience. Crafted for students, early jobbers, gamers and value-conscious users, the OPPO K14x 5G is built to support long hours, heavy usage and real-life multitasking, enabling users to stay focused, connected and immersed throughout the day.

Priced at INR 14,999 for the 4GB+128GB variant and INR 16,999 for the 6GB+128GB variant, the OPPO K14x 5G will be available for purchase starting 16th February 2026 on the OPPO e-store and Flipkart from 12 PM onwards, in two colour options—Icy Blue and Prism Violet. Pre-bookings for the OPPO K14x 5G begin from today, giving consumers an early opportunity to secure the device. Customers purchasing the smartphone can avail a INR 1,500 instant discount on the 4GB and 6GB variants, valid only on the sale day with select bank offers along with an additional 3-month No Cost EMI option, bringing the effective price at INR 13,499 and INR 15,499 respectively.

Goldee Patnaik, Head of Communications at OPPO India, said, “The OPPO K Series has earned the trust of millions of users in India by consistently delivering reliable performance, long-lasting power, and a smooth everyday experience at accessible price points. With the OPPO K14x 5G, we are building on this strong legacy by introducing a smartphone that is designed to keep up with real-life demands—long days, constant multitasking, and uninterrupted usage. The K14x reflects our continued focus on smoothness that lasts, dependable performance, and worry-free power, backed by OPPO’s commitment to quality and a strong after-sales ecosystem. It is a device created to support users through every part of their day, without slowing them down.” Anshuman Bhatt, Head of E-Commerce said, “With the launch of the OPPO K14x 5G, we are strengthening the K Series’ promise of delivering dependable performance and long-lasting value for everyday users. Built around real-life usage needs, the K14x brings together strong battery endurance, smooth system performance and a refined design—making it a reliable choice for customers looking for a worry-free smartphone experience. Starting today, customers can pre-book the OPPO K14x through our e-commerce partners, and we are excited to make this new addition easily accessible to consumers across India.” All-Day Power Built to Last At the heart of the OPPO K14x 5G is a massive 6500mAh battery, purpose-built to support long, demanding days without constant charging anxiety. Designed around real-life usage patterns, the battery delivers reliable endurance across everyday scenarios—offering up to 20.9 hours of screen-off calling, 17.6 hours of YouTube video playback, and 16.1 hours of Google Maps navigation, along with up to 12.1 hours of WhatsApp video calling in measured tests. Even during extended gaming sessions, the OPPO K14x 5G maintains consistent performance, delivering up to 10.5 hours of Free Fire and 9.4 hours of BGMI—ensuring uninterrupted use from morning to night. Complementing the large battery is 45W fast charging, which powers the device from 1% to 30% in approximately 23 minutes, along with support for reverse wired charging for added convenience. Built for longevity, the OPPO K14x 5G also features a 5-year durable battery design, retaining over 80% of its original capacity even after 1,800 charge cycles—offering users dependable power and long-term peace of mind.

Premium Design Meets Immersive Display and Everyday Durability The OPPO K14x 5G is designed to make a strong visual impression while staying practical for everyday use. Featuring a sleek, well-balanced form factor with a slim 8.61mm profile and weighing around 209–212g, the device offers a comfortable in-hand feel despite its large battery and display. Its flagship-inspired design language is highlighted by a high-quality metallic Deco camera module and an integrated metallic frame that adds a premium look and solid grip. The camera lens is further treated with an AF coating to repel water and resist fingerprints, helping the device stay clean and polished during daily use. Available in two distinctive colours—Icy Blue, inspired by the translucent glow of ice crystals, and Prism Violet, which blends deep violet with dark metallic undertones—the OPPO K14x 5G combines trendy aesthetics with refined craftsmanship through advanced matte textures and layered finishing processes.

Enhancing the overall experience is a large 6.75-inch HD+ display with a 120Hz refresh rate and up to 1125nits of peak brightness, delivering fluid scrolling, immersive visuals, and improved readability even under bright outdoor conditions. Outdoor Mode 2.0, paired with improved thermal management, ensures stable visuals and consistent performance during extended usage or high-temperature environments. Adding to everyday peace of mind, the OPPO K14x 5G comes with an IP64 rating, offering protection against dust and water splashes, making it well-suited for real-life scenarios. Together, its premium design, smooth display, and durable build reinforce the OPPO K14x’s positioning as a dependable smartphone crafted for long-term, worry-free everyday use.

Built for Real-Life Smoothness and Reliable Performance The OPPO K14x 5G is engineered around how people actually use their smartphones—switching constantly between apps, messages, navigation, and content throughout the day. Its full-dimensional scene smoothness optimisation targets heavy-load scenarios such as multiple background apps, large applications, and frequent multitasking, enabling faster app switching, quicker cold starts for commonly used apps, and a consistently fluid experience even during peak usage. Segment-leading UFS read and write speeds—up to 3× faster than competing devices—further enhance responsiveness by enabling quicker app launches, faster file access, and smoother multitasking. Complementing the hardware is OPPO’s dual-engine optimisation on ColorOS 15, which delivers up to 1.71× better average app stability compared to the previous generation, helping users stay focused without lag, stutters, or disruptions.

Designed for long-term reliability, the OPPO K14x 5G also introduces a one-click refresh function that consolidates system optimisation into a single action, delivering up to a 15% performance improvement after refresh and reducing cold start time for frequently used apps by up to 20%. With monthly maintenance support and up to 48-month Fluency Protection, the device is built to remain smooth and dependable over years of use. Powering everyday performance is the MediaTek Dimensity 6300 chipset, ensuring consistent responsiveness across daily tasks such as messaging, streaming, and multitasking. Together with heavy-load optimisation, intelligent system tuning, and OPPO’s AI LinkBoost 3.0 for stable connectivity, the OPPO K14x 5G delivers a worry-free, fluid experience that helps users maintain their flow throughout the day.

Smart Photography That Keeps Every Moment Effortless Photography on the OPPO K14x 5G is designed to be intuitive, versatile, and effortlessly refined, making everyday moments easy to capture and share. The smartphone is equipped with a 50MP AI camera that delivers sharp, detailed images across a wide range of scenarios—from quick social media updates and casual portraits to outdoor shots and daily memories. Supporting this is a 2MP depth sensor that works alongside the main camera to accurately detect depth and separate subjects from the background, enabling natural-looking portraits with well-defined bokeh and clear subject focus.

Enhancing the imaging experience further are OPPO’s intelligent AI-powered camera features, including AI Eraser, AI Reflection Remover, AI Best Shot, and AI Unblur. These tools help automatically refine images by removing unwanted elements, reducing reflections, sharpening details, and selecting the best frame—allowing users to focus on the moment while the phone handles optimisation in the background. The OPPO K14x 5G also supports AI Portrait Retouching on both front and rear cameras, offering subtle, natural enhancements aligned with current aesthetic preferences. With intelligent beauty adjustments that adapt to lighting conditions and skin tones, along with real-time previews and manual controls, users can achieve polished yet realistic results with ease.

Adding to its creative versatility, the OPPO K14x 5G introduces Dual-View Video, enabling simultaneous recording from both the front and rear cameras and combining them into a single frame. Ideal for vlogs, interviews, or reaction-based videos, this feature opens up new ways to tell stories and capture perspectives in real time—making the OPPO K14x 5G a well-rounded camera companion for everyday creativity.

ColorOS 15: Built for Fluidity, Stability and Intelligent Everyday Use Powered by ColorOS 15 based on Android 15, the OPPO K14x 5G delivers a smooth, stable, and intelligent everyday experience. At its core is OPPO’s self-developed Luminous Rendering Engine, a system-level rendering architecture tailored to the K14x’s performance, enabling multi-rendering scheduling and industry-first interruptible parallel animations for consistently fluid visuals during fast interactions and heavy multitasking.

This is complemented by OPPO’s Trinity Engine, an independently developed solution that balances performance and power consumption, extends app keep-alive times, and enables instruction-level computing power scheduling—ensuring sustained system fluency and responsiveness over time.

ColorOS 15 also brings practical AI enhancements such as AI Smart Image Matting 2.0 for precise subject extraction, quick edits, and one-tap sharing, alongside Google Gemini integration for advanced multilingual understanding, intelligent assistance, and multimodal content handling—backed by strong data privacy and security standards.

Peace of Mind Beyond the Purchase Reinforcing its long-standing commitment to trust, reliability, and customer satisfaction, OPPO India ensures that the K14x 5G ownership experience extends well beyond the point of purchase. The OPPO K14x 5G is supported by a strong nationwide after-sales service network designed to offer timely and dependable assistance when users need it most. From the date of purchase, customers can visit an official OPPO service centre within 30 days for a free inspection and replacement in the event of any quality issues arising from non-human damage. This added layer of support reflects OPPO’s focus on delivering not just powerful performance and smooth everyday usage, but also lasting confidence and peace of mind throughout the ownership journey.

Read terms and conditions on OPPO Store Please find more details here.

OPPO India Founded in 2014, OPPO Mobiles India Pvt Ltd (OPPO India) is a leading technology company in India, renowned for its innovative and diverse portfolio, including the Find, Reno, F, K, and A series smartphones, as well as IoT devices. The company is headquartered in Gurugram, Haryana.

OPPO has been at the forefront of technological innovation, particularly in imaging technology, device durability, and battery health optimisation. Guided by the philosophy ‘Make Your Moment’, OPPO empowers users to create and embrace the beauty of life through advanced technology, fostering freedom and fulfilment in everyday experiences.

Spanning over 110 acres, the company operates one of India’s largest mobile manufacturing facilities in Greater Noida, Uttar Pradesh. With multiple production lines, assembly stations and testing stations, the plant is capable of dispatching hundreds of micro parts to produce approximately 200 smartphones in under 10 minutes. As a socially responsible organisation, OPPO India actively engages in initiatives focused on skill development and e-waste awareness among the country’s youth.

(Disclaimer: The above press release comes to you under an arrangement with NRDPL and PTI takes no editorial responsibility for the same.). PTI PWR

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