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    Union Minister of Commerce and Industry Shri Piyush Goyal Calls on MedTech Startups to Go Global, Leverage Trade Pacts Covering 70% of World GDP
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February 12, 2026
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MedTech startups urged to go global leveraging trade pacts and 80% IP fee rebate to scale affordable exports.
MedTech startups are urged to capitalise on India's trade agreements that secure market access to about 70% of global GDP, with support including an 80% rebate on IP fees, 24x7 Startup India assistance, facilitation of delegations and mission support, regulatory progress enabling exports, expansion of NIPERs and a new NID, infrastructure plans for manufacturing clusters, and public-private grant and incubation awards to accelerate commercialization.
February 12, 2026
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Rupee rises on foreign fund inflows and RBI liquidity support while equities fall amid trade-deal concerns.
The rupee appreciated to 90.61 against the US dollar as foreign fund inflows and RBI liquidity support lifted sentiment, while concerns over India-US trade fact sheet terms and sector sensitivities coincided with equity market declines and continued foreign institutional purchases.
February 12, 2026
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Kiteskraft's The Power List spotlights mentors and change makers driving ethical leadership, innovation, and community impact.
Kiteskraft Productions LLP published The Power List, a compendium recognizing mentors and change makers across education, healthcare, arts, finance, and social enterprise, highlighting their leadership, ethical practices, mentorship roles, public service initiatives, professional achievements, and contributions to community empowerment; the release frames Kiteskraft as an events and recognition organiser and presents the profiles descriptively under a PRNewswire arrangement.
February 12, 2026
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Gold price surge boosts borrowers' collateral value; lenders advise leveraging higher LTV for debt consolidation.
Rising gold prices have increased the collateral value of pledged jewellery, raising the absolute loan amount available within the RBI Loan-to-Value cap. Borrowers may leverage higher valuations for liquidity needs such as debt consolidation or business expansion. Lenders should ensure transparent, real-time appraisal processes and borrowers are advised to use RBI-regulated lenders and bank-grade custody standards to secure peak market valuation and potentially access improved credit terms and lower long-term borrowing costs.
February 12, 2026
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MSMEs sustainability adoption rises: willingness and implementation increase despite awareness dip, but funding and technical gaps persist.
The SPeX Q3 2025 shows an overall score of 62 driven down by falling awareness while willingness and implementation rose-especially recycling and sustainable packaging-with 54% of MSMEs now classed as integrators. Implementation improved 18% QoQ led by medium and 10-25 year firms, but funding, technical expertise and limited sustainability budgets remain key constraints. SIDBI and Dun & Bradstreet stress targeted finance, policy and capacity support to scale MSME green transitions. The index tracks Awareness, Willingness and Implementation across a 0-100 scale based on a survey of MSMEs in 22 states.
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.

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'Yield', 'authenticate' and 'leave': Jargons swell Parliament's 'Well'

February 11, 2026

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New Delhi, Feb 11 (PTI) "Yield" does not mean profit or a farm produce here, "leave of the House" is not actually leaving it, there is no water in its "well", "zero hour" does not refer to the midnight or start of an operation, and "authenticating" is not as simple as self-attesting a document.

Jargons are flowing thick and fast during the ongoing fiery Budget Session of Parliament, where everyone speaking is not a "Speaker" and speeches given in response to the Union Budget, or the President's Address before that, is not a "reply".

Some MPs have agreed to "yield", some did not. Some have asked for the "authentication" of documents being quoted, to which some agreed and some did not. Quite often, opposition MPs thronged the "well", but there has been no occasion for a "division" so far.

Here is a primer on what these and a few more parliamentary jargons mean: Authentication: An MP is required to authenticate any document being quoted by giving it in writing to the Speaker or Table of the House. He or she needs to mention that they stand by what is being quoted and they verify the content of the document being quoted. Thereafter, the Speaker can allow or disallow it, though the government can later propose an action if the "authenticated" document is not found to be correct.

Table of the House: In the pit of the two Houses of Parliament, just in front of the table of the Secretary-General, lies the Table of the House.

This is where the papers required to be laid on the Table of the House are formally placed.

Table office outside the Lok Sabha or Rajya Sabha chamber is also considered an authentic source of which Bill, statement or report was tabled in the House.

Well: It is the space between the seating areas for MPs and the high chair of the Speaker in case of the Lok Sabha and the Chairman in the Rajya Sabha.

Speaker: Speaker is the principal presiding officer of the Lok Sabha. He is chosen by the House from among its members by a simple majority of members present and voting. Within the walls of the House, his authority is supreme.

Leave of the House: It is the formal approval given by the House to a member to move a motion or withdraw the same. A member can seek the leave of the House only after he or she has been permitted to do so by the Speaker. The member is required to rise in his or her place and ask for the leave. After the leave is granted, the member cannot withdraw the motion without the permission of the House.

Yield: "Yielding" or "yielding the floor" refers to a member agreeing to stop speaking to allow another member to speak. It is meant to allow interruptions in an orderly manner. However, the speaker has an option not to give way or yield and go on with his or her speech, if the interruption is not for raising a point of order or with the permission of the Chair.

Point of Order: Any member can bring to the Chair's notice any instance of what he or she considers a breach of order or a transgression of any written or unwritten rule or convention of the House. In such cases, a member is allowed to interrupt proceedings of the House by rising and saying, "On a point of order, Mr Chairman/Speaker" and then state the point in question.

It is up to the presiding officer to accept or reject the said point of order.

The member raising a point of order has to specify the rule under which he or she seeks direction of the Chair.

Reply: Whenever a debate takes place, whether in response to the President's Address, Union Budget or a Bill, proportionate time is allocated to members from various parties. However, the speeches made by all the MPs are not called "replies". It is only the last speech that is called a "reply", which is given by the concerned minister in case of the Budget or Bills, and by the Prime Minister in case of the President's Address or a no-confidence motion.

Zero Hour: It is an Indian parliamentary innovation and started in its first decade when it was felt that there should be some allocated time for MPs to raise issues of public importance, related to their constituencies or to the nation, without any advance notice. Generally, it starts at 12 noon and continues till 1 pm before the House adjourns for lunch, but there have been occasions when the Zero Hour has been held at other hours, besides 12 noon.

Division: Division is ordered by the Chair when his opinion on the question just decided by voice vote is challenged by members who demand a division.

It involves casting and counting of votes by the members present in the House. Once the division is ordered, lobbies need to be cleared by non-members and then electric bells are rung in the entire Parliament complex to alert those MPs present there, so that they can rush to the House to record their votes. Once the bells stop ringing, all entrances to the lobby are closed and there cannot be further entry or exit of members from these entrances. PTI BJ RUK RUK

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