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    IRS (Retd.) Deepak Pandit Nominated as Representative of Indian Cricketer’s Association to MCA Governing Council
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February 12, 2026
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Deepak Pandit nominated as ICA representative to MCA Governing Council to liaise on player welfare and contracts.
Deepak Pandit has been nominated as the Representative of the Indian Cricketers' Association to the Mumbai Cricket Association Governing Council, tasked with acting as the primary liaison between players and the MCA, participating in policy formulation affecting contracts, playing conditions, welfare schemes and grievance redressal, and promoting transparency, accountability and the ICA's constitutional and ethical framework within MCA governance.
February 12, 2026
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Vijay Mallya must state whether he will return before his challenge to the fugitive economic offender tag is heard.
The admissibility of a challenge to the Fugitive Economic Offender designation and the constitutional validity of the FEO Act is made contingent on a petitioner's clear affidavit stating whether he will return to the jurisdiction; the court treated this return requirement as essential to prevent abuse of process while extradition and enforcement actions, including property attachment under money laundering and loan default proceedings, are pending.
February 12, 2026
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Free Trade Agreements encourage exporters to expand markets; tariff rollback and Export Promotion Mission boost export competitiveness.
FTAs are presented as the primary tool to expand exporters' access to developed markets, with industry urged to improve quality and competitiveness to use preferential access. The recent elimination of an additional 25% US tariff is identified as restoring competitive market access for priority sectors. The Export Promotion Mission provides operational support through Interest Subvention for export credit, Collateral Guarantee for MSME export credit and targeted market access measures, with further trade finance, logistics, compliance and branding interventions to be phased in.
February 12, 2026
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Financial inclusion roadmap to expand banking access, formal credit, insurance and pensions, and boost digital payments nationwide.
A national roadmap, Financial Inclusion 2.0, will expand banking access, augment village banking infrastructure, extend formal credit to women and vulnerable groups, and achieve insurance and pension coverage for all by 2047, while promoting digital financial products and transactions and strengthening financial/digital literacy and fraud awareness.
February 12, 2026
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NSSTA celebrates 18th Foundation Day focused on reimagining capacity building for official statistics, AI readiness, and data harmonization.
NSSTA will celebrate its 18th Foundation Day on 13 February 2026 under the theme Reimagining Capacity Building for Official Statistics to achieve Viksit Bharat@2047, emphasizing institutional capacity building, AI/ML and big data adoption, data harmonization for AI readiness, and training for Central, State/UT and international participants to strengthen evidence-based governance.
February 12, 2026
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Base year revision for GDP, CPI and IIP announced with new methods, surveys and scheduled 2026 releases.
The Ministry has proposed base year revisions: GDP and IIP to 2022-23 and CPI to 2024, with methodological improvements, new data sources and updated survey weights. The exercise uses PLFS, HCES and ASUSE survey results, is overseen by Technical Advisory Committees/Expert Groups and informed by consultative workshops. New series releases are scheduled for 27 February 2026 (GDP), 12 February 2026 (CPI) and May 2026 (IIP). Transparency and accuracy measures include digital data collection with validation, an Advance Release Calendar, the e-Sankhyiki portal for unit-level data, regular stakeholder dialogues and a National Meta Data Structure.
February 12, 2026
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PAIMANA centralises large project monitoring, using API integration for automatic reporting and reduced manual data entry.
The Ministry has deployed the PAIMANA portal to centralise monitoring of projects costing Rs.150 crore and above, replacing OCMS-2006 and implementing One Data One Entry via API integration with the DPIIT portal so that ministries and implementing agencies automatically feed project updates into a centralized repository for automated analytical reporting and reduced manual entry.
February 12, 2026
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Evidence-based policymaking strengthened via statistical modernization, digital surveys, revised macroeconomic indices, and state capacity building.
The Ministry modernised official statistics to strengthen evidence-based policymaking by digitising National Sample Surveys with CAPI integrated into e SIGMA, initiating short duration high frequency surveys, revising macroeconomic series (GDP, CPI, IIP), implementing NMDS 2.0 and SQAF for harmonisation, and enhancing dissemination via web, mobile, portals and APIs while supporting state statistical capacity and training through the SSS Sub Scheme and NSSTA.
February 12, 2026
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MoSPI reforms modernise national surveys with digital CAPI, district-level sampling and state capacity support for policymaking.
MoSPI modernises the National Sample Survey through digital platforms-CAPI integrated with e-SIGMA, validation checks, AI chatbots and multilingual interfaces-and revises sampling to adopt district as the basic stratum for district-level estimates. It also promotes state statistical capacity via the Support for Statistical Strengthening sub-scheme to improve collection, compilation and dissemination of reliable official statistics.
February 12, 2026
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Free trade agreement expands market access for organic food, reduces tariffs but requires harmonised certification to realise export gains.
The India-EU free trade agreement will expand market access for organic food by eliminating and reducing import duties on hundreds of goods, creating substantial export opportunities estimated at USD 60 billion and opening a market of about 140 crore consumers. Realisation of these trade gains depends on resolving certification and compliance burdens; industry calls for harmonised organic certification recognition and strengthened testing laboratories, with APEDA positioned to support exporters and promote organic supply capacity.
February 12, 2026
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Rupee rises as foreign inflows and suspected RBI intervention boost liquidity amid oil price and trade-policy uncertainty.
The rupee rose to 90.40 per US dollar, supported by foreign fund inflows and suspected RBI intervention that kept systemic liquidity near Rs 3 trillion, while elevated crude prices and US-India trade-framework uncertainty restrained risk appetite and influenced market sentiment.
February 12, 2026
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US-India trade framework commits India to buy $500 billion of US goods and reduce tariffs on industrial and agricultural products.
The bilateral framework commits India to eliminate or reduce tariffs on US industrial goods and a wide range of food and agricultural products and obliges India to purchase USD 500 billion of US products over five years, specifying energy products, aircraft and parts, precious metals, technology products, and coking coal, while reaffirming continuation of broader Bilateral Trade Agreement negotiations to secure additional market access and supply chain resilience measures.
February 11, 2026
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IRCTC scam case: prosecution says later-obtained sanction preserves charges if no prejudice to accused is shown.
The prosecution argued that absence of prior official sanction did not bar framing of charges because a sanction can be obtained later without causing prejudice; sanction was in fact taken during pre-trial proceedings and defendants have not shown specific prejudice, while the question whether immunity from prosecution affects cognisance is a matter for trial.
February 11, 2026
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Direct tax collections rose 9.4% to Rs 19.44 lakh crore till Feb 10 on higher corporate receipts and lower refunds.
Net direct tax collections increased 9.4% to Rs 19.44 lakh crore through February 10, supported by a 14.51% rise in corporate tax to Rs 8.90 lakh crore and a 5.91% increase in non corporate taxes to Rs 10.03 lakh crore. Securities Transaction Tax receipts were nearly flat at Rs 50,279 crore, while tax refunds fell 18.82% to Rs 3.34 lakh crore. Gross direct tax receipts rose 4.09% to Rs 22.78 lakh crore, with gross corporate and non corporate mop ups of Rs 10.88 lakh crore and Rs 11.39 lakh crore respectively, against a Revised Estimate of Rs 24.84 lakh crore.
February 11, 2026
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Trade unions call a nationwide strike to oppose privatisation measures, demand pension restoration and oppose 100% FDI in insurance.
A joint forum of central trade unions has called a nationwide one-day strike affecting multiple public services to oppose policies seen as enabling privatisation and corporate access, demand withdrawal of the Electricity Amendment and related policy proposals, restore the Old Pension Scheme for power employees, oppose 100% FDI in insurance, roll back recent labour code measures and related bills, and press for stopping outsourcing and regular recruitment and regularisation of outsourced workers.
February 11, 2026
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National Productivity Week 2026 spotlights cluster-based growth for MSMEs to boost productivity and global value chain integration.
The National Productivity Council will observe the 68th National Productivity Week (12-18 February 2026) under the theme Clusters as Growth Engine: Maximizing Productivity in MSMEs, promoting cluster-led development to accelerate productivity and global value chain integration. NPC will run nationwide events through its 12 Regional Directorates and 24 Local Productivity Councils, working with central and state ministries, industry associations and academia. As an autonomous society under the Department for Promotion of Industry and Internal Trade, NPC provides consultancy, training and research across multiple technical and management domains to support MSME competitiveness and sustainable industrialisation.
February 11, 2026
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India's organic regulation strengthens export readiness at BIOFACH, urging India EU mutual recognition to expand organic trade.
India emphasised amendments to the National Programme for Organic Production enhancing credibility and international alignment, and urged early conclusion of a Mutual Recognition Agreement on organics with the European Union to enable reciprocal certification acceptance and expand bilateral organic trade, supported by APEDA-led market promotion and capacity-building measures for exporters, certification bodies and farmer organisations.
February 11, 2026
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SBI becomes fourth most valuable listed firm as strong quarterly results lift market capitalisation and profits.
SBI overtook TCS as the fourth most valuable listed company after its shares rose and market capitalisation increased. The bank disclosed record standalone profit of Rs 21,028 crore and consolidated profit of Rs 21,317 crore for the December quarter; standalone core net interest income grew 9.04% to Rs 45,190 crore on about 15.14% loan growth and a domestic net interest margin of 3.12%. Non interest income rose 15.65% to Rs 8,404 crore while total expenses rose to Rs 1,08,052 crore, as reported in a regulatory filing.
February 11, 2026
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RBI draft amendments target advertising, marketing and sales practices by banks and NBFCs to curb dark patterns and mis selling.
RBI has issued draft Amendment Directions to expand regulatory requirements on advertising, marketing and sales of financial products and services by all banks and NBFCs, covering Direct Sales/Marketing Agents, dark patterns and prevention of mis selling, and proposes corresponding amendments to Responsible Business Conduct and Undertaking of Financial Services Directions for various categories of regulated entities.
February 11, 2026
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IN-SPACe selects three firms to develop modular small satellite buses with grants and infrastructure support for hosted payloads.
IN-SPACe selected three private firms under the SBaaS initiative to develop modular, scalable small satellite bus platforms, awarding milestone linked grants and facilitating access to ISRO/DoS and IN-SPACe infrastructure, testing facilities, and technical expertise to support development, demonstration, and subsequent hosted payload missions.

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Oppn moves to oust Birla as LS speaker; he steps away from House duties

February 10, 2026

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New Delhi, Feb 10 (PTI) Opposition parties on Tuesday put in motion the process to oust Om Birla as Lok Sabha speaker, alleging that he had acted in a "blatantly partisan" manner in the House and prompting him to step aside from chairing the proceedings till the matter is settled.

Congress' deputy leader in the Lok Sabha Gaurav Gogoi, chief whip K Suresh and whip Mohamed Jawed submitted the notice under Article 94C 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.

The opposition also accused the speaker of making certain false claims 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 to reply to the debate in the Motion of Thanks on the President's Address.

Lok Sabha secretariat officials said Birla, upholding the highest standards of morality, has decided not to sit in the Speaker's chair until the no-confidence motion moved against him is settled.

The officials said the no-confidence motion against the speaker was likely to be taken up on March 9, when the House reassembles after the recess to examine budgetary proposals.

Article 94C of the Constitution deals with provisions for the removal of the speaker or the deputy speaker of the Lok Sabha.

Article 96 of the Constitution gives the speaker an opportunity to defend himself or herself in the House.

The speaker can cast his vote when the motion for his removal is moved in the House. But he cannot cast his vote in case of a tie.

The Lok Sabha functioned smoothly on Tuesday after a week full of repeated disruptions. The House took up the discussion on the General Budget, with the proceedings being conducted by the panel of chairpersons.

Opposition leaders said the notice to move the no-confidence motion was signed by at least 118 MPs, 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, 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.

"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.

The BJP slammed the opposition for submitting a notice to remove Birla from office.

BJP national spokesman Sambit Patra said the time has come for India to "impeach" Rahul Gandhi and the Congress from politics.

"Those who have been impeached of their consciousness are the ones who want to impeach all the constitutional posts of India," Patra told reporters when asked about the opposition's move.

Article 96 of the Constitution bars a speaker or a deputy speaker from presiding over the House sitting while a resolution for his removal from office is under consideration.

Three Lok Sabha speakers – G V Mavlankar (1954), Hukam Singh (1966) and Balram Jakhar (1987) – had faced no-confidence motions in the past, which were rejected.

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 that 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 BJP also released a video of the happenings inside the Lok Sabha on February 4, when women MPs of the Congress had surrounded the prime minister's seat, raising slogans and carrying banners on the issue of former Army chief M M Naravane's unpublished book. PTI ASK SKC ACB NAB SKU SKU KSS KSS

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