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    Discontinuation of RDG may force Himachal to roll back subsidies, freeze DA/DR arrears
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    Lamborghini crash in Kanpur: Tobacco baron's son to undergo medical exam, no arrests yet
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February 9, 2026
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Himachal Pradesh finances face cuts: rollback of subsidies, staff reductions, and pension migration to plug a major revenue shortfall.
Discontinuation of the Revenue Deficit Grant would create a fiscal shortfall-eliminating a funding source equal to 12.7% of the budget-and compel measures such as rolling back subsidies, abolishing long vacant posts, downsizing institutions, halting pay revisions, and migrating from the Old Pension Scheme to the Unified Pension Scheme to unlock borrowing, while causing inability to meet pay/pension arrears, DA/DR installments, and other liabilities.
February 9, 2026
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Ukrainian actor in Torres investment fraud case denied bail due to alleged large scale scheme and flight risk.
The accused is alleged to have participated in a criminal conspiracy under Platinum Hern Pvt Ltd's Torres scheme, a combination of Ponzi and MLM operations that collected Rs 148.89 crore from 14,964 investors by promising immediate and weekly returns on investments in moissanite, gold and diamonds. The court denied bail citing the nature, gravity and magnitude of the offence, ongoing related investigations with other registered crimes, absconding principal accused, and a real risk of the accused fleeing or tampering with prosecution evidence.
February 9, 2026
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Lamborghini crash in Kanpur: medical exam to assess fitness to drive; FIR filed, vehicle seized and investigation ongoing.
Police registered an FIR against an unidentified driver for rash and negligent driving after a Lamborghini crash that injured six; the car was seized and sent for mechanical inspection, CCTV is being analysed to determine speed, and the suspected driver will undergo medical tests to assess whether epilepsy or another condition contributed, with subsequent scrutiny of driving licence issuance and RTO procedures if medical unfitness is found.
February 9, 2026
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EPS-95 pensioners: 47.04 lakh receive under Rs 9,000 monthly; minimum pension remains Rs 1,000 via budget support.
EPS-95 is a Defined Contribution-Defined Benefit scheme funded by employer contributions of 8.33% of wages and a central government contribution of 1.16% on wages up to Rs 15,000; all benefits are paid from the Employees' Pension Fund. Currently 47.04 lakh of 82.11 lakh active pensioners receive less than Rs 9,000 monthly, and the government provides a minimum pension of Rs 1,000 per month through budgetary support in addition to the 1.16% contribution. The fund is valued annually under paragraph 32 to determine long term viability and account for future liabilities.
February 9, 2026
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Enforcement action seizes crypto and cash from Ahmedabad call centre that coerced victims into gift card payments.
Enforcement action targeted an Ahmedabad call centre that coerced foreign victims into gift card and digital payments, converted proceeds into cryptocurrency via online platforms with assistance from foreign nationals, and laundered most funds through cash, crypto and informal channels; investigators seized cryptocurrency (~USD12,000), unaccounted cash (Rs13.5 lakh), documents and devices, froze 31 bank accounts and a locker, and transferred seized crypto to an agency wallet for investigation.
February 9, 2026
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India energy procurement prioritises diversification and national interest; companies make market-based sourcing choices for secure, affordable supply.
India's energy procurement policy is guided by national interest and operationalised through supply diversification to ensure adequate availability, fair pricing, and reliability of supply; oil companies make sourcing decisions based on market conditions, assessing availability, risks, costs, logistical and financial factors alongside internal accountability and fiduciary responsibilities.
February 9, 2026
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Commerce minister meeting exporters to discuss US tariff reductions and EU FTA implications for export sectors.
A ministerial consultation will discuss a US framework reducing reciprocal tariffs on Indian goods from 25% to 18% and the removal of previously imposed 25% punitive tariffs, in the context of concluded negotiations with the European Union and sectoral impacts on textiles, leather and footwear, and gems and jewellery.
February 9, 2026
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Digital fraud, electoral roll revisions, and restrictions on animal sacrifice were addressed with directives and procedural orders.
Procedural and supervisory actions include directing courtroom assault allegations to senior judicial administration, deferring appellate review of a competition law penalty, setting aside an interim stay on relocating an administrative commission, ordering expedited out of turn hearing of a conviction challenge, refusing to cancel bail in a medical negligence prosecution, upholding prohibition on animal sacrifice with limited prayer rights at a religious site, protecting electoral roll revision from impediments, and directing the central administration to draft a multi stakeholder SOP to tackle large scale digital financial fraud.
February 9, 2026
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Lok Sabha Speaker removal notice proposed over disallowing opposition speeches, suspension of MPs, and alleged unaddressed allegations.
Opposition parties are preparing a notice under Article 94-C to move a resolution for the removal of the Lok Sabha Speaker for disallowing the Leader of the Opposition and others from speaking on the Motion of Thanks and for the suspension of eight opposition MPs; over 100 MPs have signed the draft notice, and opposition leaders have sought revocation of the suspensions and permission to debate, while the Speaker said he would consult the government before responding.
February 9, 2026
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Unpublished military memoir circulated online prompts FIR and Special Cell probe into unauthorized pre-release distribution.
An FIR alleges unauthorized circulation of a pre-print copy of an unpublished book by the former Chief of Army Staff after a PDF and finished cover image surfaced online without required clearance; the case has been registered with the Special Cell to investigate the purported leak or breach, identify the source, and examine distribution via social media and online platforms.
February 9, 2026
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Banks may extend collateral-free loans up to Rs 25 lakh to MSEs based on their track record.
Banks may dispense with collateral for loans to Micro and Small Enterprises up to a base limit of Rs 20 lakh and, based on the MSE unit's good track record and financial position, increase that dispensation up to Rs 25 lakh under their internal policy; banks may use Credit Guarantee Scheme cover where applicable and accepting voluntarily pledged gold and silver for loans within the collateral-free limit will not breach the mandate. The amended lending directions become effective April 1, 2026.
February 9, 2026
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Pakistan will invest USD 1 billion in AI by 2030 to build an AI ecosystem and scale education and workforce training.
The government committed USD 1 billion to build a national AI ecosystem by 2030, to be supported by an AI curriculum rollout in federally run schools and in Pakistan occupied Kashmir and remote Balochistan, 1,000 fully funded PhD scholarships in AI by 2030, and a nationwide program to train one million non IT professionals in AI skills to expand research capacity and workforce upskilling.
February 9, 2026
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India-US trade pact grants quota-based auto duty cuts and tariff reductions, expanding preferential market access for key sectors.
The pact calibrates tariff concessions and quota mechanisms to grant reduced or zero duties on specified industrial and agricultural exports, using immediate and phased eliminations, tariff reductions, margins of preference and Tariff Rate Quotas for sensitive items; automobiles, medical devices and electric vehicles are managed through quotas, phased schedules or exclusions, while select agricultural products receive zero additional duty and highly sensitive items remain exempt.
February 9, 2026
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Rahul Gandhi accused of systematic disruption of parliamentary proceedings and undermining constitutional institutions, BJP says.
BJP accuses Rahul Gandhi of systematic disruption of parliamentary proceedings and deliberately undermining constitutional institutions by obstructing sittings, evading substantive debate, and converting Parliament into a political battleground. The party cites obstruction of the President's Address, tearing papers at the Speaker's chair, heckling, absences from Budget debates, and alleged foreign contacts and remarks as illustrative conduct, framing these acts as demonstrating disregard for democratic norms and parliamentary decorum.
February 9, 2026
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India's energy procurement will be guided by national interest, keeping multiple and diversified crude oil supply sources.
National interest will be the determinative principle for India's energy procurement, with policy emphasising the maintenance of multiple suppliers and diversification of crude oil sourcing to ensure stability and security; sourcing decisions will be taken based on assessed national interests.
February 9, 2026
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Haryana civil aviation forms technical committee to frame SOPs and directs departments to upgrade and maintain state aerodromes.
A high-level technical committee, chaired by the Accountable Manager of the Civil Aviation Department, will prepare a Standard Operating Procedure (SOP) strictly in accordance with DGCA guidelines and examine technical staffing needs. The Public Works Department must prepare cost estimates and execute runway and allied safety works and conduct monthly inspections with reports to the Civil Aviation Department and Deputy Commissioners. The Horticulture Branch must ensure vegetation clearance and obstacle management, while Deputy Commissioners are designated nodal officers for inter-departmental coordination and timeline monitoring.
February 9, 2026
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SASCI financing in Jammu and Kashmir accused of creating a debt trap amid allegations of budget under spend and governance failures.
The assembly debate challenged the SASCI financing mechanism as a potential debt trap, alleging market borrowings with extended repayment risk mortgaging public assets; members also raised substantive budgetary concerns including low capital expenditure, many projects with zero spending, possible administrative paralysis or dual power structures impeding implementation, and broader governance issues such as under prioritisation of public health, substance abuse, youth unemployment, and school closures. The government defended SASCI as long term infrastructure financing with up to 50 years' repayment.
February 9, 2026
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DGCA issued 352 show cause notices to airlines; penalties, warnings and compliance monitoring were reported.
DGCA issued 352 show cause notices to scheduled commercial airlines over two years, with penalties imposed in 139 cases, warnings in 113, and satisfactory replies in seven; airline specific enforcement details were not provided. The regulator reported mechanisms to monitor aircraft induction, On Time Performance and route rationalisation, and noted eight aircraft had been inducted this year to date.
February 9, 2026
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India-US trade deal alleged to be one-sided, with tariff concessions threatening domestic manufacturers and farmers.
Allegations assert the India-US trade agreement contains asymmetric market access commitments-reportedly requiring large-scale US exports to India while US tariffs on certain Indian goods persist-amounting to tariff "weaponisation" that will harm domestic manufacturers and farmers, especially textiles. The legislative demand is for full disclosure of the pact's specific terms to Parliament and the public so stakeholders can assess and plan for the economic impact.
February 9, 2026
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Digital frauds prompt RBI SoP adoption, bank alert duties and a framework for compensation to digital arrest victims.
Large-scale digital frauds requiring prevention, identification and redress necessitate that banks fulfil a bank fiduciary responsibility by issuing alerts for atypical transactions, using AI monitoring and placing temporary debit holds; regulators should adopt and implement a Standard Operating Procedure, coordinate RBI, telecommunications and other stakeholders to freeze and trace illicit transfers and identify mule accounts, and establish a framework for compensation while enabling unified investigations by a federal probe agency.

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Second Edition of Art de Vivre à la française to be unveiled at India Design ID 2026

February 11, 2026

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A Celebration of French Excellence in Design, Creativity, and Lifestyle Innovation -- France celebrated as Country of Honour -- 18th– 22nd February 2026 | NSIC Grounds, Okhla, New Delhi NEW DELHI, Feb. 11, 2026 /PRNewswire/ -- As part of the India-France Year of Innovation 2026, Business France and the Embassy of France in India are proud to unveil the second edition of Art de Vivre à la française at India Design ID 2026, where France will be celebrated as the Country of Honour. Held at the NSIC Exhibition Grounds in Okhla, New Delhi, India Design ID attracts professionals, buyers, luxury brands, cultural institutions, and media from across the country and abroad. This prestigious event will bring together the finest of French craftsmanship, contemporary creativity, and lifestyle innovation. Presented as a highlight of the India-France Year of Innovation 2026, this edition reinforces the vibrant dialogue between design and savoir-faire, illustrating how French and Indian creativity converge to shape the aesthetics, materials, and art de vivre of the future. Attending the event, H.E. Mr. Thierry Mathou, Ambassador of France to India, said, "I am delighted to witness the remarkable success of the latest edition of the Art de Vivre à la française exhibition, showcasing the finest of French excellence in design, creativity, and craftsmanship. Being held under the India-France Year of Innovation banner, this event combines the excellence of the French lifestyle industry with innovation to build ambitious and inspiring collaborations between our two countries." A 350m2 Immersive Exhibition Celebrating French Excellence The exhibition will feature a 350m2 scenographic space designed to immerse visitors in the elegance, refinement, and vision that define l'art de vivre à la française. The curated showcase will spotlight the mastery and innovation of 16 leading French Houses and creators, spanning tableware and crystalware, contemporary design objects, home accessories, decorative textiles and interiors, lighting, furniture, sound equipment, fashion, gastronomy and leather goods. List of participating French Houses: ASSOULINE: The world's leading luxury publishing house, renowned for its beautifully designed books celebrating culture, travel, fashion, and lifestyle. Its volumes are considered both cultural references and decorative art objects. (www.eu.assouline.com / www.altiusluxury.com) BACCARAT: Baccarat embodies the ultimate French art de vivre, shaped since 1764 by a collective of master artisans. Renowned for crafting the world's purest crystal, the Maison sets the benchmark for contemporary elegance through a constant dialogue between heritage and innovation. (www.baccarat.com/en_fr/) CASAMANCE & MISIA: MISIA creates prestigious, high-quality fabrics and wallcoverings, offering collections that provide an emotional and sensorial interlude for interior design connoisseurs. The brand is known for its meticulous color palettes, patterns, and textures. (www.casamance.com / www.misia-paris.com) CRISTAL BENITO: French family atelier specializing in exquisitely crafted crystal objects. Their refined, hand finished pieces embody traditional expertise and luxury French artistry. (www.cristal-benito.fr) DASSAULT SYSTEMS: HomeByMe is a suite of 3D interior planning and product configuration solutions developed by Dassault Systèmes (the 3DEXPERIENCE Company) to help both consumers and businesses design, visualize, plan, and sell home interiors in 3D. (www.3ds.com) DAUM: Daum is an iconic French crystal maison renowned for its artistic heritage and exceptional craftsmanship. Historic French leader of pâte de verre, producing collectible glass sculptures in collaboration with leading artists and celebrated worldwide for its mastery of pâte de verre, an ancient and highly complex glassmaking technique. (www.daum.fr / www.altiusluxury.com) DEVIALET: French audio innovator with 250+ patents, known for its Phantom Ultimate and high-fidelity speakers. The brand blends cutting-edge engineering with elegant design to deliver powerful, immersive sound. (www.devialet.com) GALERIES LAFAYETTE MUMBAI: Galeries Lafayette, the legendary 130-year-old Parisian institution, marks its Indian debut through a strategic alliance with the Aditya Birla Group. More than a department store, Galeries Lafayette Mumbai is a 'retail-tainment' destination designed to transcend conventional shopping. (Galeries Lafayette India / Home - ABFRL) LAC – HUMIDORS: Specialist in crafting luxury cigar humidors, watch winders, and leather cases from rare materials, combining Riviera craftsmanship with innovative engineering. Their pieces reflect French excellence, exclusivity, and timeless design. (www.lac-humidors.fr) LE CREUSET: Global icon since 1925, Le Creuset produces premium, handcrafted enameled cast iron cookware made in France. Celebrated for durability, colour innovation, and culinary performance, the brand remains a favourite among chefs and design conscious consumers worldwide. (www.lecreuset.in) LUX TEMPORIS: Specialist in designing kinetic, bioinspired lighting that merges robotics with artisanal savoir-faire. Their poetic, moving light sculptures transform interiors through delicate, nature inspired motion and materials. (www.luxtemporis.com) NATHALIE BORDERIE: French glass artist Nathalie Borderie creates expressive sculptures using the fusing technique, blending colour, texture, and light. Her couture influenced pieces combine glass, crystal, and metal to produce unique, collectible artworks. (https://nathalieborderie.fr) NATTIOT: Specialist in designing creative, sustainable children's rugs and accessories made in India, Belgium, and Turkey. Using OEKOTEX® certified materials, the brand offers practical, safe, and playful decor for modern families. (www.nattiot.fr) ST. DUPONT: The iconic French luxury Maison renowned worldwide for its exceptional savoir-faire in fine writing instruments, lighters and leather goods. (www.st-dupont.com) WATERFALL AUDIO: Known for its handcrafted glass loudspeakers blending haute couture aesthetics with advanced acoustic engineering. Made in Provence, their iconic designs combine glass, wood, aluminium, and French developed technologies for exceptional sound clarity. (www.waterfallaudio.com/en) L'OPÉRA: A French pâtisserie brand celebrating the refinement, precision, and emotion of French pastry. Rooted in classical French savoir-faire and elevated through contemporary creativity, L'Opéra reinterprets iconic pâtisserie codes with elegance and modernity. (L'Opéra India – French Bakery) Indian guest designer at the 2026 edition: KLOVE: A luxury design and lighting studio known for its hand-blown glass lighting fixtures, sculptural objects, and bespoke installations that blend artistry with spatial design. Klove aims to spotlight and promote an Indian designer, celebrating India's creative talent and craftsmanship while fostering cross-cultural dialogue within the global design community. (www.klovestudio.com) Indo-French Design Dialogues on 19th February 2026 As part of the programme, India Design ID will host the Indo-French Design Dialogues on Thursday, 19th February, co-organized by the Indo-French Chamber of Commerce and Industries (IFCCI) and Business France in partnership with Atout France, and bringing together influential voices from both countries — including senior representatives from Mobilier National, Atout France, Galeries Lafayette, leading Indian and international designers and architects like Vikram Goyal, Ashiesh Shah, India Mahdavi as well as French luxury and design houses. The discussions will explore design innovation, material intelligence, creative collaboration, and the shared values that connect India and France. This flagship event will celebrate the excellence of French and Indian Art de Vivre while highlighting design as a cultural bridge, where creation and identity mutually inspire and enrich one another. A Key Highlight of the Franco-Indian Year of Innovation 2026 By positioning Art de Vivre à la française at the heart of the Year of Innovation, France and India reaffirm how traditional savoir-faire and contemporary innovation mutually reinforce each other. Celebrating craftsmanship is not only about preserving heritage — it is also about inspiring new creative processes, integrating cutting-edge technologies, and promoting sustainable, future oriented design. This edition, therefore, highlights the capacity of French and Indian artisans, designers, and creative industries to transform ancestral techniques into modern solutions, fostering business partnerships and cross-cultural collaboration that shape the innovations of tomorrow. Business France extends its special appreciation to its institutional partners — the Indo-French Chamber of Commerce and Industry (IFFCI), the Institut Français en Inde (IFI), Atout France, Alliance Française, Ameublement Français, Mobilier National, La French Tech India , Francéclat as well as to our private partners Air France, l'Opéra, Klove, The Works, Lyra Network, ESI Group, Cooperl, Bacardi, Monin, Jaipur Rugs, Creaticity, Aaron Fernandes Entertainment and Furtado s whose support and collaboration have been instrumental in making this edition possible. About Business France Business France is the public agency supporting the international development of the French economy. It assists companies in expanding abroad, promotes exports, attracts foreign investment to France, and develops the V.I.E programme connecting companies with young talent for international assignments. With more than 1,400 employees in France and 53 countries, Business France helped generate €1.8 billion in additional export revenue for French SMEs in 2024, creating or planning over 31,010 jobs. The agency supported 66% of 1,688 foreign investment decisions in 2024, representing 69% of the 37,787 jobs projected to be created or maintained within three years. For more information and media inquiries, please contact: Embassy of France in India 2/50E Shantipath, Chanakyapuri New Delhi 110021, India Logo: Embedded Media (Disclaimer: The above press release comes to you under an arrangement with PRNewswire and PTI takes no editorial responsibility for the same.). PTI

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