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    Takaichi’s landslide win reflects deep structural, ideological shift in Japan: China
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    Gross NPAs of Scheduled Commercial Banks (SCBs) for domestic operations reach a historic low of 2.15% as of September, 2025
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February 9, 2026
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Japan election result prompts China to defend diplomatic pressure and urge Japan to avoid a return to militarism.
China framed Takaichi's electoral victory as reflecting ideological shifts and defended its diplomatic offensive and restrictive measures taken after her Taiwan related remarks, urging Japan to honour existing political understandings and its pacifist constitution and warning against a return to militarism.
February 9, 2026
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Union Budget cuts allocations for rural, agricultural and social welfare sectors and raises concerns over trade deal clarity.
The Union Budget is criticised for reducing allocations and failing to fund announced rural and agricultural initiatives, with several missions receiving zero allocations and large sums of agri spending unutilised or surrendered; allocations for SC/STs, rural development, education and health are reported cut. The India US trade deal is said to open Indian markets to US agricultural produce without clarity on additional products, raising uncertainty over staples such as milk, cheese and foodgrains.
February 9, 2026
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Gross NPAs of Scheduled Commercial Banks fell to 2.15% after reforms strengthening recognition, resolution and recovery.
Gross NPAs of Scheduled Commercial Banks fell to 2.15% as of September 30, 2025, driven by the Asset Quality Review, the Government's 4Rs strategy and reforms strengthening recognition, resolution and recovery. Public Sector Banks show larger declines (2.50% gross NPA) and improved slippage ratios (0.8% for PSBs versus 1.8% for PVBs). Measures cited include Early Warning Systems, the Insolvency and Bankruptcy Code, SARFAESI amendments, increased DRT jurisdiction, specialised stressed asset verticals, and the Prudential Framework for resolution of stressed assets.
February 9, 2026
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Fake income tax officer arrested after extortion and forgery allegations; forged ID and notices recovered, case registered.
Allegations that an individual posed as an income tax officer to demand payment to avoid tax proceedings gave rise to criminal charges for extortion, forgery and criminal intimidation; police registered a case on complaint, arrested the suspect and recovered a forged ID, a forged departmental letter and a forged notice used to induce payment.
February 9, 2026
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Income tax rules: PAN thresholds for cash, property, vehicles, hotels and insurance updated and crypto reporting added.
The draft rules implement the new Income Tax Act and streamline compliance through consolidated rules and pre-filled digital forms, while setting revised PAN thresholds: PAN mandatory for annual cash deposits/withdrawals above Rs 10 lakh, not required for hotel bills under Rs 1 lakh, required for vehicle purchases above Rs 5 lakh and for immovable property transactions above Rs 20 lakh; PAN also compulsory for account-based insurance relationships. The draft requires crypto exchanges to share information with tax authorities and accepts Central Bank Digital Currency as an electronic payment mode.
February 9, 2026
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Mahaveer Awards announce 29th recipients across Non-Violence, Education, Medicine and Community service; nominations now nationally open.
The Foundation announced the 29th Mahaveer Awards in four categories-Non-Violence & Vegetarianism, Education, Medicine, and Community & Social Service-naming five awardees. Each award carries a cash prize of Rs. 10 lakh, a citation and a memento. The recipients were selected from 267 nominations by an eminent Selection Jury chaired by a former Chief Justice; the Foundation invited nominations for the 30th edition via its website.
February 9, 2026
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Doctor 365's 5th Bollywood Maha Arogya Shivir provided free medical care, screenings and assistive devices to thousands of attendees.
Doctor 365 and R.K. HIV AIDS Research and Care Centre organized the 5th Bollywood Maha Arogya Shivir on January 18, 2026, delivering free general and specialist medical services, diagnostic tests, eye care and assistive devices. The organization reports extensive nationwide charitable activity-tens of thousands of camps, millions of beneficiaries, large-scale distribution of medicines, spectacles and wheelchairs, mass TB and sickle cell screening and treatment-and operation of mobile medical units and ambulance hubs in partnership with state governments.
February 9, 2026
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Maharashtra forms panel to design a venture capital fund for the textile sector to support startups and MSMEs.
A nine member committee chaired by the state textile minister will frame proposals for a dedicated venture capital fund for the textile sector to provide targeted risk capital to startups and MSMEs, supporting innovation, modernisation, value addition, manufacturing growth, exports and employment. The committee will study the fund's structure, size, governance and operational framework; assess funding needs across the value chain; identify best practices and leverage private investment, financial institutions and central schemes; and recommend safeguards, incentives and timelines before submitting its report to the government.
February 9, 2026
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JBCN International Schools secured eight Outstanding Learner Awards, including five Top in the World recognitions in IGCSE and AS/A Level subjects.
JBCN International Schools announced eight learners received Outstanding Learner Awards-five Top in the World and three Top in India-across IGCSE and International AS & A Level examinations, with a strong showing in Mathematics and top scores in Global Perspectives, AS Level Sociology, and Digital Media and Design, attributed to student discipline and mentoring by experienced teachers including trained examiners.
February 9, 2026
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Convocation: problem-solving skills highlighted as key to career success amid AI-driven workplace shifts and graduates honoured with awards.
Problem-solving ability is presented as the decisive factor for career success amid AI-driven reduction of traditional entry-level jobs; education should develop innovative thinking and resilience rather than only intellectual training. The convocation highlighted the PGDM program's alignment with the National Education Policy 2020, industry collaboration and research emphasis, included an interactive career-focused Q&A, and conferred degrees alongside merit and extracurricular awards.
February 9, 2026
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Silver and gold rose on global trends and a weaker dollar, aided by China buying and focus on US macro data.
Silver and gold prices rose sharply on firm global cues and a softer US dollar, with silver up c.6.7% to Rs 2,72,000/kg and 99.9% gold up c.0.8% to Rs 1,58,500/10g. Price gains were driven by international spot increases, domestic buying and speculative flows in silver, while profit-taking limited peaks. Dollar weakness, sustained Chinese central bank gold purchases and anticipation of key US jobs and inflation data were identified as principal market drivers.
February 9, 2026
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Unlisted shares in India: private-equity style investments requiring Demat accounts, off-market transfers, and longer holding periods.
Unlisted shares trade outside recognised exchanges via off-market transfers requiring a Demat account, KYC and depository documentation; pricing is negotiated based on company fundamentals rather than exchange price discovery, liquidity is constrained with longer holding periods, and capital gains taxation depends on holding-period tests-market participants are moving from informal channels to structured platforms and specialist intermediaries.
February 9, 2026
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PAN quoting thresholds raised: mandatory PAN for large cash transactions, vehicle, hotel and property purchases and insurance onboarding.
Draft Income Tax Rules 2026 require PAN for cash deposits/withdrawals aggregating Rs 10 lakh in a year, motor vehicle purchases over Rs 5 lakh (including motorcycles), hotel/event payments over Rs 1 lakh, and immovable property transactions over Rs 20 lakh; PAN will also be required to open account-based relationships with insurance companies.
February 9, 2026
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AuthBridge and Vibrium AI partner to build AI driven conversational verification and cognitive models for faster, more accurate digital trust solutions.
AuthBridge and Vibrium AI will co develop AI powered conversational interfaces and cognitive verification models that integrate generative and cognitive AI into verification infrastructure to improve automation, verification accuracy, real time intelligence, and scalability for secure, enterprise grade digital verification and due diligence.
February 9, 2026
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Frontier Nagaland Territorial Authority enables local decision-making through administrative autonomy and devolved subjects for development.
The Frontier Nagaland Territorial Authority agreement grants administrative autonomy to six eastern districts by devolving 46 subjects to the Authority, establishing a dedicated secretariat, and providing a separate Centre-funded annual budget to enable local decision-making and faster execution of development programmes, aimed at fostering peace, stability, infrastructure, investment, tourism, and employment.
February 9, 2026
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Satellite internet partnership to provide high-speed connectivity to remote and underserved areas under a pilot public-private LoI.
A government entity and a private satellite operator executed a Letter of Intent to run a pilot providing high speed satellite internet to remote, border and underserved areas, connecting CSCs, e governance facilities, schools, PHCs, disaster management rooms, police outposts, ports and industrial parks. A Joint Working Group of both parties will coordinate implementation, capacity building and training, with sectoral focus on education, healthcare, security, maritime operations, highway safety and industrial connectivity to support digital inclusion where terrestrial infrastructure is limited.
February 9, 2026
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Union budget cuts to capital expenditure and rural allocations worsen investment shortfalls and hinder growth momentum.
The budget reduces capital expenditure for both Centre and state-advance-funded projects during a period of weak public, private and foreign investment, contributing to lower gross fixed capital formation and slower nominal growth. The budget's fiscal consolidation path is criticised as slow under the FRBM framework and dependent on one-off central bank transfers and expenditure cuts. The document further identifies notable sectoral reductions-agriculture, rural development, state grants and targeted scheme outlays-that are said to undermine rural infrastructure, manufacturing capacity and employment initiatives.
February 9, 2026
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Bhima Jewellery opens Noida showroom offering 22 carat, 100% BIS certified jewellery and expanded pan India retail presence.
Bhima Jewellery opened a new Noida showroom (P17, Sector 18) as part of pan India expansion, offering 22 carat gold, 100% BIS certified products, transparent pricing, and a modern retail experience. The launch reflects a strategy of responsible geographic growth, omnichannel development, and maintaining legacy commitments to purity, craftsmanship, ethical business practices, and consistent quality controls across product categories.
February 9, 2026
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Crypto market plunges into extreme fear as traders rotate into DeepSnitch AI presale for on chain risk monitoring and bonuses.
Market sentiment has plunged into "extreme fear" after Bitcoin and major altcoins fell sharply, prompting capital rotation toward DeepSnitch AI, an AI-driven platform offering live agents that monitor market movement, sentiment, and on-chain risk. AuditSnitch provides instant smart-contract scans with simple verdicts, and the project is in a rising presale stage with promotional bonus codes increasing token allocations; the article pairs this promotional presale narrative with a standard high-risk trading disclaimer.
February 9, 2026
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Domicile certificate applications at KMC surge amid electoral roll revision, prompting centralized verification and expedited issuance to assist voters.
KMC received 18,605 domicile certificate applications during the SIR exercise; 18,482 were forwarded for police field verification, yielding 16,555 enquiry reports, 14,590 certificates issued and 1,287 rejections. A centralised mechanism routes borough applications to KMC headquarters and the sector collector for police checks, with final approval by a WBCS-rank officer and borough-level issuance. Dedicated counters and guidance on documents such as Aadhaar and rent receipts were issued to expedite processing for voters under electoral roll revision.

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Naidu in Delhi: AP CM seeks Centre's nod for Polavaram project, Rs 1,211 crore farm funds

February 10, 2026

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New Delhi, Feb 10 (PTI) Andhra Pradesh Chief Minister N Chandrababu Naidu on Tuesday met several Union ministers seeking the Centre's intervention for expediting the Polavaram irrigation project, release of Rs 1,211 crore pending under various farm schemes, and expansion of railway infrastructure in the state.

During his visit to the national capital, Naidu held separate meetings with Union ministers for Jal Shakti, Agriculture, Railways, Home and Finance, Housing and Urban Affairs and Steel pressing for financial assistance and approvals across key sectors.

POLAVARAM PROJECT AND WATER DISPUTE ----------------------------------------------- In a meeting with Union Jal Shakti Minister C R Patil, Naidu urged the Centre to permanently revoke the stop work order on the Polavaram Project, stating that the order continues to obstruct the smooth execution of the project, an official statement said.

He sought reimbursement of the increased costs incurred due to capacity enhancement of the Polavaram right and left main canals and appealed for full financial assistance for Polavaram Phase II, which includes land acquisition, rehabilitation and resettlement, and construction of protective embankments.

Naidu informed the Union minister that Phase II alone requires an additional funding of about Rs 32,000 crore.

The chief minister also presented proposals for the Polavaram-Nallamala Sagar Link Project, aimed at diverting surplus Godavari floodwaters to drought-prone regions.

He described the project as a crucial lifeline that would meet drinking water, irrigation, and industrial needs, and requested approvals, along with technical and financial support under the National River Linking Policy.

Raising inter-state concerns, the chief minister urged early resolution of the Andhra Pradesh-Odisha Vamsadhara river water dispute. He pressed for the final report of the Vamsadhara Water Disputes Tribunal to be notified in the gazette without delay, stating that this would clear the way for the construction of the Neradi Barrage on the Vamsadhara river.

He also highlighted the continuing dispute between Andhra Pradesh and Telangana over the sharing of Godavari waters and called for immediate constitution of the Godavari Water Disputes Tribunal to ensure equitable river water allocation.

Expressing objections to Karnataka's move to increase the height of the Almatti Dam on the Upper Krishna, Naidu cautioned that such a move would have serious adverse impact on downstream water availability for Andhra Pradesh.

AGRICULTURE FUNDING AND ORGANIC PUSH ------------------------------------------------- In his meeting with Union Agriculture Minister Shivraj Singh Chouhan, Naidu sought release of Rs 1,211 crore pending funds under various central farm schemes. He pressed for immediate release of Rs 216 crore under the PM PRANAM scheme, Rs 200 crore central assistance for coconut cultivation development, Rs 695 crore pending under the Per Drop More Crop scheme, and Rs 100 crore as the Centre's share under the Price Deficiency Payment System for mango farmers for the 2025-26 season.

Informing the Union minister about the state's progress in reducing chemical fertiliser usage, Naidu said Andhra Pradesh has achieved a 2.28 per cent reduction during 2024-25 crop year (July-June).

He said the state government is aggressively promoting organic and natural farming with 18 lakh farmers already giving consent to adopt organic farming practices across nearly eight lakh hectares.

The CM also sought the establishment of a Makhana Development Board in the state, informing Chouhan that nearly 50,000 acres in Kolleru Lake region are suitable for makhana cultivation.

RAILWAY EXPANSION AND CONNECTIVITY ---------------------------------------------- In a meeting with Union Railway Minister Ashwini Vaishnaw, Naidu submitted a detailed memorandum seeking completion of ongoing railway projects, sanction of new railway lines and introduction of additional train services in Andhra Pradesh.

He requested that the Bengaluru-Chennai high speed rail corridor be extended to connect Tirupati and sought that the Railway Minister issue a gazette notification to commence operations of the South Coastal Railway Zone from April 1.

He requested the establishment of greenfield mega coaching terminals at Vijayawada, Visakhapatnam, Tirupati, and Amaravati. He also sought cooperation for setting up a dedicated freight corridor between Itarsi and Vijayawada and proposed the East Coast Freight Corridor between Kharagpur and Chennai via Vijayawada.

The Chief Minister also requested operating a Vande Bharat train service between Vijayawada and Bengaluru via Tirupati.

SWACH ANDHRA AND ZERO LANDFILL TARGET --------------------------------------------------- Chief Minister Naidu met Union Minister for Housing and Urban Affairs Manohar Lal Khattar and discussed Andhra Pradesh's flagship Swachh Andhra initiative being implemented as part of the Swachh Bharat programme.

The Chief Minister briefed the Union Minister on the comprehensive steps being taken by the state government to strengthen waste management systems and transform Andhra Pradesh into a Zero Landfill State.

He informed that a detailed action plan has been prepared under Swachh Bharat Mission Urban 2.0 with an estimated outlay of Rs 276 crore to achieve zero landfill status across urban local bodies in the state.

The chief minister requested approval of Rs 105 crore as the Centre's share to support the implementation of the zero landfill action plan.

VIZAG STEEL PLANT REVIVAL -------------------------------- Naidu met Union Minister for Steel HD Kumaraswamy and expressed gratitude to the central government for its support in putting the Visakhapatnam Steel Plant (RINL) back on the path of profitability.

The chief minister informed the Union Minister that the turnaround of Vizag Steel Plant was made possible due to the financial assistance extended by the Centre, strong support from the Andhra Pradesh government, and the determination and hard work of the plant's workers and employees.

He stated that RINL has not only returned to profits but is also operating at full capacity, marking a significant milestone for the iconic public sector steel plant.

Naidu also met Union Home Minister Amit Shah and Finance Minister Nirmala Sitharaman and discussed key state-related issues, including ongoing and proposed projects, and sought the Centre's support on funding and approvals. PTI LUX TRB

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