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February 16, 2026
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Interim trade agreement: reciprocal tariff reductions and mutual duty concessions to be finalised through legal text.
An Indian negotiating team will visit the US to translate a previously announced framework into a signed interim trade agreement legal text. Ongoing virtual talks will be advanced to resolve drafting intricacies; tariff and preferential market access measures agreed in the framework will take effect only after the legal agreement is finalised and signed. The discussions cover reciprocal duty concessions, including a US processing of a reciprocal tariff reduction and the sequencing of implementation tied to signature of the legal pact.
February 16, 2026
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Money laundering allegation against a nationalist organisation denounced as defamatory strategy and political insult to patriots.
VHP condemns a Karnataka minister's claim linking the RSS to money laundering as false, defamatory and a deliberate political strategy to insult patriotic organisations and reduce the speakers' acceptance; it asserts such tactics aim at appeasement and defamation, calls for those who prioritise Hindu interests to hold power for community protection, and warns against exploiting religion for political gain.
February 16, 2026
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Compliance first stablecoin payments enable regulated cross border payouts and corporate cards for emerging market businesses.
Endl secured pre seed funding to scale a compliance focused, stablecoin centred cross border payments platform offering multi currency accounts, regulated stablecoin rails, fiat stablecoin conversions, corporate cards and treasury services, with investments directed toward regional banking integrations, compliance systems and enterprise security to serve businesses in emerging markets.
February 16, 2026
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Money laundering notices issued after chargesheet alleging diversion of foreign loan proceeds into non-oil uses.
A special PMLA proceeding alleges systematic diversion of foreign currency loan facilities sanctioned for Mozambique oil and gas assets; loan proceeds were routed via Videocon Hydrocarbon Holdings Ltd and multiple overseas group companies, layered through a complex web of entities, and remitted back to India for non-sanctioned uses including non-oil business expenses, investments and creation of personal and corporate assets, with the ED quantifying the proceeds of crime and a PMLA court issuing notices to thirteen accused following the chargesheet.
February 16, 2026
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Interim trade agreement: delegation to finalise legal text ahead of expected signing following framework agreement.
An interim trade agreement framework will be converted into operative legal text through bilateral drafting: an Indian negotiating delegation will travel to the United States to finalise the legal agreement while virtual talks continue, moving from a joint statement of contours to definitive treaty language and preparing the instrument for signature.
February 16, 2026
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FD-backed secured credit: card links credit limit to fixed deposit, with tiered cashback, fee waivers, and FD access.
Introduction of a fixed deposit-backed secured credit card linking credit limit to 100% of an underlying fixed deposit, permitting FD access via ATM withdrawals subject to a withdrawal fee and an interest free window. The card applies a tiered cashback structure with category and monthly caps, includes joining and annual fees with time limited waivers and conditional reversals tied to annual spends, and provides consumer protections such as insurance, purchase protection, lost card liability cover, and surcharge waivers.
February 16, 2026
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Deposit-taking NBFC registration enables instant digital personal loans with streamlined KYC, quick disbursal, and flexible repayment options.
Bajaj Finance offers an instant digital personal loan delivered via a personal loan app that uses analytics and electronic verification to provide quick eligibility decisions, minimal documentation, OTP mobile verification, online KYC completion, and rapid electronic disbursal to the customer's registered bank account, with flexible tenures, repayment management tools, and features designed to meet diverse consumer financing needs.
February 16, 2026
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Trade balance worsens as imports outpace exports, prompting elevated trade deficit and revised export projections for the fiscal year.
Merchandise exports rose 0.61% to USD 36.56 billion in January while imports grew 19.2% to USD 71.24 billion, producing a January trade deficit of USD 34.68 billion; April-January exports increased 2.22% to USD 366.63 billion. The Commerce Secretary stated exports in goods and services remain on an upward trend and projected combined fiscal year exports of goods and services are likely to exceed USD 860 billion.
February 16, 2026
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Incentive Scheme for digital payments increased UPI adoption and expanded payment infrastructure, recommending targeted measures for RuPay uptake.
The report assesses the design, implementation and socio-economic effects of the Incentive Scheme for promotion of RuPay debit cards and low-value BHIM-UPI P2M transactions, noting that structured budgetary support reduced cost barriers, accelerated merchant onboarding, expanded acceptance infrastructure and strengthened the payments ecosystem. Based on primary and secondary research, it finds marked increases in UPI adoption, merchant QR deployment and bank participation, increased user confidence and reduced cash reliance, and recommends targeted measures to deepen RuPay usage, rural penetration, connectivity, digital literacy and fraud mitigation.
February 16, 2026
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Market rebound as banking and power stocks lead recovery amid global rate-cut expectations and stable currency support.
Equity benchmarks rebounded nearly one percent led by renewed buying in banking and power stocks, reversing a recent decline as large-cap financials and utilities outperformed. The rally was supported by expectations of sustained power demand, improving loan growth and stable bank asset quality. Macro cues-falling US long-term yields, a stable rupee and steady crude oil-added support, while foreign institutional investors were net sellers and domestic institutional investors were net buyers.
February 16, 2026
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Inflation trends show rising wholesale prices, prompting continued RBI focus on retail inflation for monetary policy.
Wholesale price inflation rose to 1.81% in January due to increases in food articles, non-food articles, textiles and manufacturing subgroups, while fuel and power remained in deflation. Manufactured products and non-food articles recorded higher inflation compared with the prior month. The Reserve Bank of India continues to emphasise retail inflation as the primary indicator for benchmark interest-rate decisions, having reduced policy rates earlier in the fiscal year and subsequently retained key rates.
February 16, 2026
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Trade mission to India leverages the UK India Free Trade Agreement to boost West Midlands investment, exports and academic ties.
A West Midlands mayoral trade mission to Ahmedabad, Mumbai and Bengaluru (23-27 February 2026) aims to operationalise the UK India Free Trade Agreement by promoting exports, attracting inward investment to the West Midlands Investment Zone, and deepening academic and cultural ties. Led by regional political, business and university figures and coordinated by the West Midlands Growth Company with Indian partners, the programme features sectoral roundtables and events on the Commonwealth legacy, visitor economy, technology, urban transformation, and AI skilling to foster commercial, research and skills partnerships between West Midlands entities and Indian corporations and institutions.
February 16, 2026
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Highway upgradation provides an alternate freight corridor, reducing urban congestion and enhancing regional connectivity and employment.
Approval is granted for rehabilitation and upgradation of the Ghoti-Trimbak-Jawhar-Manor-Palghar section of NH-160A in Maharashtra on Engineering, Procurement and Construction (EPC) mode, covering 154.635 km with a Total Capital Cost of Rs.3320.38 crore. The project provides 2-lane or 4-lane configurations with paved shoulders according to traffic projections to relieve congestion, integrate with expressways and highways, connect multiple economic and logistics nodes under PM GatiShakti, and generate substantial direct and indirect employment.
February 16, 2026
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Four-lane upgradation of NH-56 sections approved to improve regional connectivity and reduce travel time substantially.
Cabinet approval authorises upgradation of two NH-56 sections in Gujarat to four-lane standard under the HAM Mode, totaling 107.67 km at a Total Capital Cost of Rs.4583.64 crore. Designed for 100 km/h (70 km/h average), the works aim to cut travel time by about 40%. The alignment passes through aspirational and tribal districts, enhances access to the Statue of Unity, links to major highways and the Delhi-Mumbai Expressway, began partial construction in November 2025 with a two-year completion target, and is projected to generate significant direct and indirect employment.
February 16, 2026
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Highway widening approval advances NH 167 to four lanes under Hybrid Annuity Mode, enhancing regional connectivity and employment.
The Cabinet approved widening NH 167 from Gudebellur to Mahabubnagar to a four lane access controlled standard over 80.01 km on Hybrid Annuity Mode (HAM) under the NH (O) scheme, covering bypasses, realignments and utility shifting. The alignment connects with NH 150 and NH 167N and links multiple economic, social and logistic nodes, aiming to reduce congestion and travel time, enhance freight efficiency and multimodal integration, and generate substantial direct and indirect construction period employment.
February 16, 2026
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Project approval for underwater road rail tunnel enabling 4 lane greenfield connectivity between Gohpur and Numaligarh under EPC.
Cabinet approved a 33.7 km 4 lane access controlled greenfield corridor between Gohpur (NH 15) and Numaligarh (NH 715) including a 15.79 km twin tube TBM underwater Road cum Rail tunnel with rail provision in one tube, implemented on an EPC basis. The scope covers civil works, land acquisition, short road and rail cut and cover sections, and integration with existing highways and railway sections to deliver multimodal connectivity to airports, inland waterways, railway stations and economic, social and tourist nodes, with estimated traffic and employment implications.
February 16, 2026
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Currency depreciation driven by FII outflows and a stronger dollar, pressured further by declining forex reserves.
The rupee weakened to 90.67 against the US dollar amid FII outflows and a stronger dollar, with rising crude prices and a notable weekly decline in forex reserves cited as contributing factors; market commentary noted narrow intraday trading and flagged impending trade balance data as potentially influential.
February 16, 2026
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Rail network expansion approved to add multitrack capacity, boost freight movement and reduce emissions while improving regional connectivity.
Cabinet approved three multitracking projects (Kasara-Manmad, Delhi-Ambala, Ballari-Hosapete) under PM Gati Shakti to add third and fourth lines across 12 districts, increasing the rail network by about 389 km at an estimated combined cost of Rs 18,509 crore through 2030-31. The works are projected to generate about 265 lakh human days of construction employment, augment freight capacity by 96 MTPA, improve connectivity to roughly 3,902 villages (population ~97 lakh), reduce logistics costs and oil imports, and lower CO2 emissions for more sustainable rail operations.
February 16, 2026
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Venture capital mobilisation for startups to prioritise deep tech, early growth support, and regional investment across the country.
The Startup India Fund of Funds 2.0 establishes a government-backed corpus to mobilize long-term domestic venture capital, strengthen the domestic venture capital base by supporting smaller funds and AIFs, and address capital gaps. The Scheme prioritises deep tech and tech-driven innovative manufacturing, supports early-growth stage founders to reduce funding shortfalls, and promotes national reach to crowd in private investment beyond major metropolitan centres.
February 16, 2026
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Credit to G.D.P. ratio reform to expand financing and make financial institutions more agile for national development.
The Department of Financial Services convened a policy shivir to solicit strategic reforms to align banking and financial services with Viksit Bharat@2047, focusing on enhancing the Credit to G.D.P. ratio, increasing agility of public financial institutions, deploying new large scale financing mechanisms, deepening the bond market, reducing intermediation costs, strengthening banks' role in MSME financing, and promoting insurance and pension product innovation alongside financial inclusion and cyber security to build a more resilient financial system.

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Oppn submits notice against speaker, accuses Birla of acting in 'blatantly partisan manner'

February 10, 2026

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New Delhi, Feb 10 (PTI) Opposition parties on Tuesday submitted a notice for moving a resolution to remove Om Birla as Lok Sabha Speaker, alleging that he had acted in a "blatantly partisan" manner in conducting the business of the House and "abused" the constitutional office he occupies.

The opposition also accused the speaker of making certain false allegations against the Congress members when he spoke of some "unexpected action" in the Lok Sabha and asked Prime Minister Narendra Modi not to come to the House.

Congress' deputy leader in the Lok Sabha Gaurav Gogoi, chief whip K Suresh and whip Mohamed Jawed submitted the notice under Article 94 C of the Constitution to Lok Sabha Secretary General Utpal Kumar Singh on behalf of several opposition parties, including the Congress, Samajwadi Party and the DMK.

Sources said the notice was signed by around 120 MPs of the opposition, including those of the Congress, DMK, Samajwadi Party, Left parties and the RJD. Shiv Sena UBT and NCP-SP have also extended their support to the notice against the speaker but their MPs could not sign it.

West Bengal Chief Minister Mamata Banerjee-led Trinamool Congress (TMC) is not a signatory to the notice. Leader of Opposition in Lok Sabha Rahul Gandhi has also not signed the notice, the sources said.

The notice was submitted soon after 1 pm, after the opposition members held a last meeting with Parliamentary Affairs Minister Kiren Rijiju but their issues remained unresolved.

Later in the day, the opposition withdrew the notice submitted in the afternoon and replaced it with another one correcting the date.

"We, the undersigned, hereby give notice of a resolution for the removal of Shri Om Birla from the office of Speaker Lok Sabha, in terms of the provisions of Article 94(c) of the Constitution of India, because of the blatantly partisan manner in which he has been conducting the business of the Lok Sabha," the notice said, according to sources.

On several occasions, leaders of opposition parties have just not been allowed to speak, which is their basic democratic right in Parliament, the notice said.

The notice said on February 2, Rahul Gandhi was not allowed to complete his speech on the Motion of Thanks to the President's Address. This is not an isolated instance. The leader of the opposition in the Lok Sabha is almost invariably not allowed to speak, it claimed.

On February 3, eight opposition MPs were "arbitrarily suspended" for the entire Budget session and are being penalised merely for exercising their democratic rights, the notice said.

On February 4, a BJP MP was permitted to make "wholly objectionable and personalised attacks" on two former prime ministers without being reprimanded even once for disregarding established conventions and norms of propriety, it said, in an apparent reference to Nishikant Dubey's remarks.

"In spite of our request, no action has been taken against this particular MP, who is a habitual offender," they said.

The notice also referred to Birla's remarks that he had "concrete information" that many Congress members might move towards Prime Minister Modi's seat and carry out "some unexpected act" as a result of which he had requested him not to come to the House to reply to the discussion on the Motion of Thanks on the President's Address.

"The aforementioned remarks cast blatantly false allegations against the members of the Indian National Congress and are derogatory in nature. The speaker, who is required to be the custodian of the Rules of Procedure and the norms of parliamentary decorum, chose the floor of the House to make such statements, which is indicative of an abuse of this constitutional office," the notice said.

"While we hold the Speaker, Lok Sabha, in personal regard, we are pained and anguished at the manner in which he has consistently prevented opposition members of Parliament from raising issues of legitimate public concern," the notice also said.

"That this House... feels he has ceased to maintain an impartial attitude necessary to command the confidence of all sections of the House; that in his partisan attitude he disregards the rights of Members of the House and makes pronouncements and gives rulings calculated to affect and undermine such rights; that he openly espouses the version of the ruling party on all controversial matters, that all these acts constitute a serious danger to the proper functioning of this House and ventilating effectively the felt concerns and grievances of the people, and therefore resolves that he be removed from his Office," said the resolution that the Opposition seeks to move.

The decision to submit the notice was taken by the opposition at a meeting of floor leaders in the office of Congress president and Leader of Opposition in the Rajya Sabha Mallikarjun Kharge in the morning.

Among the main reasons cited by the Congress include disallowing Rahul Gandhi and other opposition leaders from speaking in the House on the Motion of Thanks to the President's Address and the suspension of eight MPs.

Birla directed the Lok Sabha secretary general to examine the notice served by the opposition and take appropriate action, the sources said, adding it will be examined and processed according to the rules.

Citing moral grounds, Birla will not preside over Lok Sabha proceedings till the issue regarding his removal from the office is settled.

The Lok Sabha has not been functioning properly ever since Gandhi was not allowed to speak on February 2. PTI SKC/ASK DV SKC KSS KSS

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