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    Pakistan will invest USD 1 bn in AI by 2030: PM Shehbaz
    India offers quota-based auto duty cuts, tariff reduction on alcohol under US trade pact
    Rahul indulging in systematic disruption of parliamentary proceedings: BJP
    National interest will be guiding factor: Foreign Secretary Misri on India's energy procurement
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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.
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.

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OTM 2026 Concludes in Mumbai, Reinforcing India's Rise as a Priority Market for Global Tourism

February 11, 2026

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Asia's leading travel trade show, organized by Fairfest Media brings together 2,200+ exhibitors from 60+ countries, spotlighting new travel demand, corporate mobility, weddings and the future of distribution MUMBAI, India, Feb. 10, 2026 /PRNewswire/ -- OTM 2026, Asia's leading travel trade show, concluded today at the Jio World Convention Centre, Mumbai, bringing together the global travel and tourism ecosystem at a moment when India has firmly emerged as one of the world's most strategically important outbound travel markets. Recognised by NielsenIQ as the Leading Travel Trade Show in India and Asia for two consecutive years, OTM 2026 hosted over 2,200 exhibitors from more than 60 countries, with 45+ National Tourism Organisations participating and over 50,000 travel trade visitors and 1,000+ top travel industry professionals participating over the three days. With strong exhibitor and visitor participation across leisure, corporate travel, MICE and weddings, OTM 2026 reaffirmed its position as one of the most internationally diverse travel trade platforms in the region, reflecting the growing scale and strategic focus global destinations are placing on the Indian market. Event Highlights • Exhibitor Showcase: Over 2,200 exhibitors from 60+ countries, representing national and state tourism boards, airlines, hotels and resorts, destination management companies, cruise operators, attractions, and travel technology providers. • Global Participation: Strong representation from Europe, Africa, Asia, the Middle East, the Americas and Oceania, including long-standing outbound markets and a growing number of emerging and experiential destinations engaging with India as a priority growth market. • High-Quality Buyer Access: More than 50,000 travel trade visitors, including 1,000+ hosted and VIP buyers, enabling focused B2B engagement across leisure, corporate travel, MICE, weddings and niche travel segments. • Structured Business Engagement: Over 50,000 pre-scheduled B2B meetings across the three days, reinforcing OTM's positioning as a platform built for measurable business outcomes. • Destination & Airline Announcements: Multiple tourism boards and airlines used OTM 2026 to sharpen their India strategy and spotlight new developments, including Thailand's destination push, Air India and Air India Express' product updates, and Morocco's India-facing tourism momentum. • Leadership & Knowledge Exchange: The OTM Forum brought together senior leaders from destinations, airlines, travel platforms, corporate travel, MICE, weddings and technology, examining outbound travel growth, destination competitiveness, corporate travel evolution, distribution, marketing, technology and the changing expectations of the Indian traveller. • Inaugural Programme & Media Briefing: Day 1 opened with the Inaugural Programme & Media Briefing titled 'India takes its Place on the Global Travel Stage', featuring addresses by H.E. Dato Sri Abdul Karim Rahman Hamzah, Minister for Tourism, Creative Industry and Performing Arts, Sarawak; Datuk Manoharan Periasamy, Chairman, Tourism Malaysia; and Hon. Prof. Ruwan Ranasinghe, Deputy Minister of Tourism, Sri Lanka, moderated by Tanya Khanijow. • Corporate Travel & Buyer Insight: Day 2 featured a strong focus on India's corporate travel momentum through 'Building India's Corporate Travel Ecosystem: A $20B Journey' and a buyer-led session, 'What India's Top Corporate Travel Buyers Expect from the Industry Today', bringing together senior stakeholders from Reliance Industries, Aditya Birla Group, Deloitte, Tata Consultancy Services and Godrej Industries Group. • Travel Trade & Distribution: Day 3 spotlighted the renewed relevance of intermediaries through 'The New Power of the Intermediary' and 'Inside India's Travel Trade: What's Changed, What's Working, What's Next', featuring leaders from TripJack, TravClan, Rezlive, Riya Tours and Travels, Classic Holidays, Akbar Online Booking Company, Travesla, Rail Europe and MakeMyTrip. • Weddings & Destination Celebrations: WeddingSutra Engage brought luxury wedding and wedding-travel leaders into the programme, spotlighting how destination weddings are shaping hospitality demand, guest experiences and travel-led celebrations. Destinations worldwide recalibrate long-term strategies around India OTM 2026 saw strong official participation from destinations across Europe, Africa, Asia, the Middle East, the Americas and Oceania, with nearly 50 global tourism boards officially participating at OTM. Alongside long-standing outbound markets, several destinations that were once considered niche or aspirational for Indian travellers continued to deepen their engagement with India as their next major growth market, with many participating exclusively at OTM 2026 as their primary interface with the Indian travel trade. Announcements and showcases OTM 2026 also served as a launchpad for multiple India-focused announcements across destinations, airlines and experiential travel segments. Thailand Tourism Authority outlined its target of 2.55 million Indian visitors and THB 93 billion in tourism revenue for the year, launching its 'Healing is the New Luxury' campaign in Mumbai to attract high-value wellness travellers and destination weddings, supported by 60-day visa-free entry and expanded outreach to Tier 2 cities including Ahmedabad, Amritsar and Pune. Morocco reinforced India's growing importance as a source market, highlighting a 224% increase in Indian tourist arrivals compared to pre-pandemic levels, alongside deeper trade engagement through OTM. Sarawak Tourism Board spotlighted its Visit Malaysia Year 2026 campaign, while Sabah Tourism Board introduced the 'North Borneo Cycling Paradise' initiative to promote niche adventure tourism to Indian travellers. From Africa, the Zambia Tourism Agency showcased safari and wildlife experiences tailored for the Indian outbound market, while Da Nang strengthened its positioning as a MICE and destination wedding hub. Indonesia outlined renewed efforts to grow Indian arrivals, while Air India and Air India Express presented product and service enhancements supporting India's expanding global travel footprint. WeddingSutra Engage also unveiled emerging destination wedding and travel trends reflecting evolving Indian traveller preferences. Malaysia Airlines strengthens India's outbound connectivity at OTM 2026 Reflecting the role of air connectivity in unlocking outbound growth, Malaysia Airlines participated as the Partner Airline at OTM 2026 with a prominent presence at the exhibition, showcasing its network connectivity, premium offerings and India-focused travel solutions for the Indian travel trade. Several other airlines also participated across the show floor, reflecting broader airline confidence in India's expanding global travel footprint. OTM Forum: Three days of sharp, segment-led industry dialogue Complementing the exhibition, the OTM Forum delivered a high-density programme of leadership, insight and industry direction, bringing together senior voices from travel platforms, corporate travel, weddings, marketing, technology and distribution. On Day 2, the programme moved into sharper conversations on how and why India's traveller motivations are changing, with 'Vibe Traveling - Aesthetics, Experiences, and the New Indian Narrative' featuring Adedayo Olawuyi (Uganda Airlines), Amit Jaipuria (Postcard Travel Club), Maanav Saraf (Gainwell Travel), Nupur Gupta (Google India) and Pabs Raghava (Tours Limited). The day also deep-dived into business mobility through 'Building India's Corporate Travel Ecosystem: A $20B Journey' with Bhavin Modi (Quest2Travel by MakeMyTrip), Gaurav Shekhar Nagwekar (Reliance Industries), Shaheen Karoji (Aditya Birla Group) and Sunny Sodhi (FCM Travel India), moderated by Dr. Sanjay Pai (Larsen & Toubro). A buyer-led session on 'What India's Top Corporate Travel Buyers Expect from the Industry Today' brought together Ajay Bhatt (Godrej Industries Group), Devendra Saraiya (Deloitte), Ranjit Nair (Tata Consultancy Services) and Sri Arardhi (Fast Collab), moderated by Mridul Pahuja (Motilal Oswal). Day 2 also expanded into destination weddings through WeddingSutra Engage sessions focused on luxury hospitality and discovery-led wedding travel, and continued the conversation on experience-led travel and commercial growth through 'Live Tourism - The Anti-AI Bet on Human Connection', featuring Chitra Daga (Thrillophilia), Daniel Dsouza (Dream Set Go), Sabbas Joseph (Wizcraft Group) and Uttam Garodia (Headout). The day further examined performance-led marketing and retention in 'The Future of Travel Marketing: AI, Personalisation and Loyalty Shifts', with leaders including Anurag Jain (RateGain), Neel Ghose (Skyscanner), Neeraj Singh Dev (Thomas Cook India), Nikhil Dhar (Indigo), Ravi Shankar (Air Asia Move) and Sandeep Sonawane (DreamFolks). The Forum also featured an executive-only session on alternate accommodation, presenting VIDEC's market insights with participation from MakeMyTrip, Zostel, Elivass and Saffron Stays, moderated by Virendra Jain (VIDEC). On Day 3, the Forum turned to distribution power and travel trade evolution through 'The New Power of the Intermediary: Why India's Travel Agents Are More Relevant Than Ever', featuring B A Rahim (OA Globe DMC), Chirag Agarwal (TravClan), Jaal Shah (Rezlive), Manoj Samuel (Riya Tours and Travels) and Srijit Nair (Rail Europe), moderated by Parikshit Choudhury (MakeMyTrip). This was followed by 'Inside India's Travel Trade: What's Changed, What's Working, What's Next', featuring Hussain Patel (TripJack), Jitesh Poojari (Akbar Online Booking Company), Rishabh Doshi (Classic Holidays) and Salil Nath (Travesla). Valedictory and Awards OTM 2026 concluded with the Valedictory and Awards Function, alongside key partner announcements including the ICRT Indian Subcontinent Awards 2026 announcement. Commenting on the conclusion of the show, Sanjiv Agarwal, Chairman & CEO, Fairfest Media, said, "OTM continues to reflect the reality of global travel today, where India is no longer an emerging opportunity but one of the most sought-after and strategic travel markets globally. The diversity and depth of participation at OTM 2026, alongside the quality of conversations across the show floor and the Forum, demonstrate how the world is repositioning itself around the Indian traveller in a focused, business-driven environment." OTM 2026 was organised by Fairfest Media. The next edition of OTM is scheduled to take place from 1st-3rd February 2027. About OTM and Fairfest Media: OTM is Asia's leading travel trade platform, connecting global travel suppliers with India and Asia's fastest-growing travel markets through large-scale exhibitions, curated buyer programmes and structured B2B engagement. OTM is organised by Fairfest Media. Founded in 1989, Fairfest Media is a global trade show organiser and media company, providing platforms for doing business in the world's fastest-growing markets. Fairfest recently acquired WTE Miami, the fastest-growing travel show in the United States, which will be held at the Miami Beach Convention Centre on the 27th and 28th of October, 2026. For more information, please visit: https://otm.co.in/. Photo: 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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