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February 8, 2026
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Japanese prime minister Sanae Takaichi seeks electoral majority to enact right-wing security, defence spending and immigration reforms.
Prime Minister Sanae Takaichi called a snap election to win a lower-house majority for a conservative agenda prioritising security and economic measures. Core operative aims include revising security and defence policy to develop offensive military capabilities, lifting the weapons export ban, increasing defence spending, tightening immigration and foreign-owner rules, and aligning more closely with the United States. Financing plans and diplomatic approaches to China were not detailed. The LDP's coalition with the Japan Innovation Party is framed as necessary to secure the legislative majority Takaichi says she needs to pursue these changes.
February 8, 2026
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Union Budget 2026 27 anchors policy stability, multi year planning and capital expenditure to build Viksit Bharat.
Union Budget 2026 27 is anchored in policy stability and multi year planning toward 2047-2050, emphasising fiscal discipline over populist measures. The Budget prioritises capital expenditure and infrastructure expansion, highlights CPSE contributions and state utilisation of long term interest free loans for signature projects, and seeks to crowd in private investment to strengthen economic resilience and enable export led growth.
February 8, 2026
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High-Level Committee on Banking to recommend scaling banks and restructuring public sector NBFCs to meet development financing needs.
The government will set up a High-Level Committee on Banking for Viksit Bharat to recommend how to scale the banking sector to meet financing, credit and access needs while safeguarding financial stability, inclusion and consumer protection. The Budget also proposes restructuring public sector NBFCs, noting PFC's 2019 majority acquisition of REC and the PFC board's in-principle approval to merge REC into PFC to improve scale and efficiency.
February 8, 2026
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Farm labourers duped into motorcycle loans; FIR filed against farm owner and two associates for fraud and intimidation.
An FIR alleges a farm owner and two associates induced illiterate tribal labourers to allow use of their Aadhaar and thumb impressions to obtain motorcycle loans without informed consent, resulting in two motorcycles purchased and victims receiving repayment notices; when confronted the accused allegedly assaulted and threatened a labourer. Charges include cheating by impersonation, dishonest inducement to obtain property, criminal intimidation, and intentional insult provoking breach of peace, and police are seeking the accused.
February 8, 2026
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Liquor shop auctions in Jammu and Kashmir raised significant revenue; no new wine shops planned.
The administration generated about Rs 2,152 crore from auctioning retail liquor outlets over two financial years, primarily from the Jammu region, and has stated that no new wine shops or JKEL-2 licences are proposed for 2026-27. Licence issuance and auction allocations are governed by domicile eligibility and other conditions under the J&K Excise Act, 1958 and the applicable Excise Policy.
February 8, 2026
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India-US trade deal excludes key agricultural products and bans imports of genetically modified products to protect farmers.
The interim India-US trade arrangement preserves national and farmer interests by excluding core agricultural commodities from tariff concessions, listing numerous staples, fruits, vegetables, dairy, meat, sugar, ethanol and tobacco as not eligible for tariff reductions, and affirming a prohibition on genetically modified product imports to protect seed and soil integrity.
February 8, 2026
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India-US trade agreement to cut tariffs, grant zero duty in select categories, and boost MSMEs, exports and jobs.
The proposed India-US interim trade framework would expand market access for exporters and strengthen MSMEs and labour intensive industries while safeguarding agriculture. Reportedly, average US tariffs on Indian products would be reduced from about 50% to 18%, with zero duty in selected categories; tariff cuts for textiles and apparel and zero duty for silk products are expected to benefit cluster based, labour intensive regions.
February 8, 2026
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India invited to join Pax Silica; interim trade framework reduces tariffs and removes punitive oil tariffs.
An invitation has been extended to India to join the Pax Silica initiative to secure and diversify silicon and critical minerals supply chains through cooperation on mining, processing, and related manufacturing; a forthcoming signing will integrate India into the programme. Parallelly, the parties reached an Interim Agreement framework under which India will reduce or eliminate tariffs on US industrial and agricultural goods and the US will reduce Indian tariffs to 18%, alongside an Executive Order removing a prior 25% punitive tariff on specified energy imports.
February 8, 2026
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National news schedule: regional political events, public safety incidents, and police advisory to report digital frauds promptly.
The national schedule highlights regional political briefings and official engagements, follow-ups on accidents and law and order incidents, and an operational advisory urging prompt reporting of digital frauds with better coordination among police cyber cells, banks and payment gateways. It also notes central government meetings addressing left wing extremism, reflecting ongoing security coordination and public safety responses.
February 8, 2026
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Shree Cements targets Q4FY26 volume rebound and aggressive RMC expansion to 45 plants while remaining debt free.
Shree Cements targets 9-9.5 million tonnes in Q4FY26 and expects total cement capacity to reach 72 million tonnes by March 2026 while keeping a long term 80 million tonne target. It plans rapid RMC expansion from 19 to 45 plants within six to eight months and has budgeted Rs 500 crore baseline capex next year for RMC and infrastructure. The company reports industry leading cost metrics, 61% green power from 634 MW renewables, a debt free balance sheet with ~Rs 6,000 crore cash, and anticipates a higher total dividend payout for the current fiscal.
February 8, 2026
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Bilateral ties strengthen counter terrorism, defence, intelligence sharing, semiconductor and trade cooperation, with focus on Indo Pacific stability.
The leaders committed to deepen counter terrorism collaboration through intelligence sharing, maritime security and broader defence cooperation, emphasising a policy of no double standards on terrorism. They also pledged expanded economic and technological cooperation in semiconductors, AI and digital technologies, health, food security, and trade to support regional development and Indo Pacific stability.
February 8, 2026
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Congressman Brandon Gill warns constituents that visible Islamic growth and new mosques are transforming local communities.
An elected Member of Congress asserted that visible Islamic presence and new mosques in his district have led constituents to feel their communities are culturally transformed, likening local malls to a foreign country; he linked these concerns to immigration and highlighted his policy focus on border security and related priorities.
February 8, 2026
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India-Malaysia talks to deepen defence and security ties and expand economic and semiconductor cooperation.
Prime Ministerial talks prioritized deepening defence and security cooperation and expanding economic and innovation ties, with expected bilateral agreements including semiconductor cooperation, building on the elevation to a comprehensive strategic partnership and aiming to operationalise strategic alignment across defence, security, economic engagement and technology collaboration.
February 8, 2026
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North Korea's party congress will push nuclear and military expansion alongside economic self-sustenance and closer ties with Russia and China.
North Korea's late-February Workers' Party congress will outline five-year domestic and foreign policy priorities, emphasizing accelerated nuclear and missile development, upgrades to conventional forces and their integration with nuclear capabilities, and policies of mass mobilization and economic self-sustenance. The congress will also signal closer alignments with Moscow and Beijing, a tougher posture toward South Korea, and a rejection of U.S. preconditions for denuclearization.
February 8, 2026
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Japanese national elections: Takaichi seeks majority to push conservative security, immigration, and defence reforms agenda.
Prime Minister Sanae Takaichi seeks a lower-house majority via a coalition with the Japan Innovation Party to implement a conservative agenda that would revise security and defence policies to expand offensive capabilities, lift the weapons-export ban, and increase defence spending, while imposing tougher immigration, foreign property, and anti-espionage measures; she has pledged to resign if the coalition fails to win a majority.
February 8, 2026
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India's Russian oil purchases unclear after US lifted tariffs tied to a pledge to halt imports.
An executive order revoked an additional tariff in exchange for India's commitment to stop importing Russian crude and to buy U.S. energy; it contemplates recommending the reimposition of duties if the Secretary of Commerce finds India has resumed such imports. India has not confirmed the commitment, instead emphasising energy security and diversification driven by market conditions, and noting a recent fall in Russian oil procurement.
February 8, 2026
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Multi-state WhatsApp investment scam busted, 12 arrested; alleged Rs500 crore fraud averted, assistance sought from international agencies.
Police dismantled a nationwide WhatsApp-based investment racket, arresting 12 suspects and identifying about 600 groups after a complaint; authorities recovered Rs 5.64 lakh for the reporting victim, warned over 500 group members to prevent wider losses, and say actions averted an estimated Rs 500 crore fraud affecting more than 1.5 lakh people. The accused have been charged under relevant provisions of the BNS and the Information Technology Act, and investigators are seeking CBI and Interpol assistance to trace alleged masterminds abroad.
February 7, 2026
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Rice company promoters declared fugitive economic offenders; assets worth Rs 123 crore confiscated in alleged Rs 1,200 crore bank fraud.
Two promoters of a Delhi-based rice company were declared fugitive economic offenders under Section 10 of the Fugitive Economic Offenders Act, 2018 after allegedly leaving India to evade prosecution in a Rs 1,201.85 crore bank loan fraud; the court directed confiscation of assets valued at Rs 123 crore in the ongoing money laundering investigation arising from a 2020 criminal complaint and subsequent proceedings.
February 7, 2026
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Haryana milk production leading nationally; call to expand village cooperatives to benefit farmers and boost exports.
Haryana produces 36% of national milk output with locally recognised cow breeds; the Union Minister urged the state to establish village-level cooperative societies to benefit livestock farmers and boost milk exports, and highlighted the administrative separation of Animal Husbandry into a distinct ministry as a structural measure to prioritise sectoral development.
February 7, 2026
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State government reports Rs26,683 crore from own resources; hotel acquisition and higher hydropower royalty boost revenue.
The state government reports receipts of Rs 26,683 crore from its own resources over three years, notes a realised benefit of about Rs 401 crore from acquiring the Wildflower Hall Hotel with projected annual receipts of about Rs 20 crore, and records an increase in the royalty share for the Karcham Wangtoo Hydropower Project from 12% to 18%, estimated to yield an additional ~Rs 150 crore annually.

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Unemployment falls slightly to 6.7 pc in Oct-Dec quarter: Govt survey

February 10, 2026

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New Delhi, Feb 10 (PTI) The rate of unemployment among persons aged 15 years and above in cities declined marginally to 6.7 per cent in October-December 2025 from 6.9 per cent in the pervious quarter, showed a government survey released on Tuesday.

In rural areas, the unemployment rate (UR) or joblessness among those aged 15 years and above declined to 4 per cent in October-December 2025 from 4.4 per cent in the previous quarter (July-September 2025), helped by lower unemployment rates among rural males as well as females, according to the quarterly Periodic Labour Force Survey (PLFS) released by the National Statistics Office (NSO).

The urban unemployment rate for the 15-year-old and above decreased to 6.7 per cent as compared to 6.9 per cent reported in the preceding quarter. The lower rate of unemployment was driven by a decline in urban male UR from 6.2 per cent during July-September, 2025, to 5.9 per cent in the quarter under review, it stated.

Both rural and urban UR among persons aged 15 years and above declined during October-December 2025.

The proportion of self-employed persons aged 15 years and above in rural areas increased to 63.2 per cent during October-December 2025, up from 62.8 per cent recorded in the July-September quarter.

In urban areas, the share of self-employed persons of the same age group stood at 39.7 per cent during the quarter ending December 2025, compared to 39.3 per cent recorded in July-September 2025.

About the concentration of rural workforce in the primary sector and urban workforce in the tertiary sector, the data showed that rural areas maintained a similar pattern, with a majority of workers engaged in the agriculture sector, accounting for 58.5 per cent during October-December 2025, up from 57.7 per cent quarter-on-quarter.

In urban areas, the tertiary sector remained stable, engaging 61.9 per cent of workers during October-December 2025.

Taking reference from the projected population figures of the Ministry of Health and Family Welfare (MoHFW), the NSO data also estimated the absolute number of workers aged 15 years and above.

During July–September 2025, an average of 56.2 crore persons were employed in the country, comprising 39.6 crore males and 16.6 crore females.

The figure increased to 57.4 crore during October–December 2025, of which 40.2 crore were males and 17.2 crore were females.

The quarterly estimates are based on information collected from a total of 5,61,108 persons surveyed across the country.

The survey methodology has been modified since January 2025 to provide monthly and quarterly estimates of labour force indicators for both rural and urban India based on the CWS (current weekly status) framework.

Earlier, PLFS quarterly bulletins released until December 2024 presented labour market indicators only for urban areas.

The bulletin for April–June 2025 marked the first in the series to provide estimates for both rural and urban areas, and the current bulletin for October–December 2025 is the third in the series.

According to the latest bulletin, the overall Labour Force Participation Rate (LFPR) witnessed a modest increase.

LFPR among those aged 15 years and above increased to 55.8 per cent during October-December 2025, compared to 55.1 per cent in the previous quarter.

In rural areas, LFPR increased to 58.4 per cent in the quarter ending December from 57.2 per cent observed during July-September 2025.

Urban LFPR for the same age group remained broadly steady during the period from April-June 2025 to October-December.

LFPR of females showed an upward trend, increasing to 34.9 per cent in October-December from 33.7 per cent in the previous quarter. This was driven by an increase in female LFPR in rural areas from 37.5 per cent in July-September 2025 to 39.4 per cent in October-December.

However, female LFPR in urban areas remained stable.

Also, the Worker Population Ratio (WPR) for those aged 15 years and above rose to 53.1 per cent in October-December as compared to 52.2 per cent in July-September 2025, mainly contributed by an increased workforce participation in rural areas.

WPR of females continued to improve during the last two quarters, reflecting a positive shift in women's engagement in the workforce.

WPR rose to 53.1 per cent in October-December from 52.2 per cent observed in the previous quarter, the data showed. PTI KKS HVA

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