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    RBI amends MSME lending directions, increases collateral-free loan limit to Rs 20 lakh
    AAP's Raghav Chadha demands LTCG tax be abolished, inflation-linked wage hike for all
    Discontinuation of RDG may force Himachal to roll back subsidies, freeze DA/DR arrears
    Torres fraud: Mumbai court denies bail to Ukrainian actor citing flight risk
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February 9, 2026
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MSME lending: collateral-free loan limit raised to Rs 20 lakh; banks may extend to Rs 25 lakh under internal policy.
RBI amended the Master Direction on MSME lending to raise the collateral-free loan limit for micro and small enterprises to Rs 20 lakh, mandating banks not accept collateral for loans up to that amount and advising the same limit for PMEGP units. Banks may, under internal policy and based on borrowers' track record and financial position, dispense with collateral up to Rs 25 lakh and may use Credit Guarantee Scheme cover where applicable; voluntarily pledged gold and silver within the threshold will not breach the mandate. The amendments aim to strengthen last mile credit delivery and align MSME lending with other regulatory changes.
February 9, 2026
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LTCG tax abolition proposed for individual investors and a statutory inflation-linked wage adjustment urged.
Demand to abolish Long-Term Capital Gains tax for individual equity investors, arguing that pairing an elevated Securities Transaction Tax with LTCG disincentivises retail investment and that LTCG should be nil when STT is raised; also urging a statutory, inflation-linked wage adjustment formula for corporate, factory and gig workers, alongside proposals to address foreign portfolio investor outflows, increase public healthcare spending, and implement a blockchain-based land and property registry.
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.

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THE LEELA CONCLUDES THE FOURTH SEASON OF #POLOINTHEPINKCITY WITH A CELEBRATION OF THE ROYAL SPORT, CULTURE AND REFINED LUXURY

February 11, 2026

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The tournament featured a pre-finale gala at the newly unveiled Amber Terrace and an exhibition victory by The Leela Polo Team, bringing together gracious hospitality and Rajasthan's enduring polo heritage JAIPUR, India, Feb. 11, 2026 /PRNewswire/ -- The Leela Palaces, Hotels and Resorts marked the successful conclusion of #PoloInThePinkCity, as the fourth season of The Leela Maharaja Sawai Man Singh Polo Cup reaffirmed the brand's commitment to preserving and celebrating the royal sport of polo through thoughtfully curated experiences that blend heritage with contemporary luxury. L-R: Kr Vikramaditya Singh Barkan, Team Optiemus Achievers, Mr. Digvijay Singh, HH Sawai Padmanabh Singh of Jaipur, Mr. Anuraag Bhatnagar, Parul Rai, Maharaj Narendra Singh, Mr. Anoop Pandey, Mrs. Anjali Mehra, Team V Polo, IV Singh The season commenced on February 7 with an elegant pre-finale gala dinner at The Amber Terrace, the newly launched rooftop destination at The Leela Palace Jaipur. Overlooking the Aravalli Hills, the evening unfolded against the backdrop of the terrace's distinctive 'root-to-fruit' cocktail and culinary philosophy, offering guests an immersive introduction to the palace's newest social address. The gathering brought together visionaries from Jaipur's cultural landscape alongside leading voices from fashion and the arts, including singer Manasi Scott, designer Nikhil Mehra, director Prahlad Kakkar, actor and creator Monica Vaswani and actor Chayan Chopra, setting the tone for a weekend defined by elegance and anticipation - hallmarks of #PoloInThePinkCity. On February 8, the focus shifted to the polo field at the Rajasthan Polo Club. Ahead of the final, an exhibition match saw The Leela Polo Team take on the Jindal Polo Team, with The Leela Polo Team emerging victorious with a score of 4–3. Sawai Padmanabh Singh - Icon of India by The Leela and captain of The Leela Polo Team - delivered a standout performance, scoring two goals, alongside two goals by Rao Himmat Singh Bedla. The highlight of the day was the grand finale of the 4-chukker The Leela Maharaja Sawai Man Singh Polo Cup 2026, contested between Team Optiemus Achievers and Team V Polo. In a closely fought match, Team Optiemus Achievers claimed the title with a final score of 7–5, bringing the fourth season of #PoloInThePinkCity to a thrilling close. Speaking on the occasion, Mr. Anuraag Bhatnagar, Chief Executive Officer, The Leela Palaces, Hotels and Resorts, said, "The Leela Maharaja Sawai Man Singh Polo Cup reflects our enduring commitment to honouring India's royal sporting heritage through experiences that embody true Indian luxury. As we conclude the fourth season of this association with the Rajasthan Polo Club, it is especially meaningful to see this journey unfold alongside the unveiling of the reimagined The Leela Palace Jaipur and The Amber Terrace - spaces that represent how we continue to evolve while remaining deeply rooted in culture, craftsmanship and gracious hospitality." The event was further elevated by the association of BMW Excellence Club, as Luxury Mobility Partner, and Hibiki Whisky, as Celebrations Partner, whose shared values of craftsmanship, precision and refined experiences resonated seamlessly with The Leela's philosophy. Mr. Vitesh Barar, Director Marketing BMW India , said, "We are proud to partner with the Leela Maharaja Sawai Man Singh Polo Cup through BMW Excellence Club, an experience that perfectly aligns with BMW's ethos of precision, craftsmanship, and refined luxury. Polo, much like BMW, is a sport that embodies heritage, elegance, and performance, qualities that resonate deeply with our brand. The seamless blend of tradition and modernity showcased at Polo Cup mirrors BMW's commitment to delivering driving experiences that combine cutting-edge technology with timeless sophistication. We celebrate this unique convergence of sport, culture, and luxury, and look forward to creating unforgettable moments for connoisseurs of excellence." "The Maharaja Polo Cup is a rare convergence of heritage and modern luxury - an environment where Hibiki feels instinctively at home. Through this association, Hibiki is experienced not merely as a whisky, but as an expression of balance, craftsmanship, and time. These are moments that cannot be bought, only experienced - true to the spirit of Hibiki, The Masterpiece of Japanese Artistry" commented Rohini Menezes, Category Manager, The House of Suntory, Suntory Global Spirits . As the curtain falls on its fourth season, this event stands as a testament to The Leela's role as a custodian of the royal sport - creating moments where heritage, sport and modern luxury converge with effortless grace. About The Leela Palaces, Hotels and Resorts The Leela Palaces, Hotels and Resorts is India's largest institutionally owned and managed pure-play luxury hospitality brand. Backed by the Brookfield Group, The Leela operates 14 award-winning properties across India's premier leisure and business destinations. Recognized globally for architectural excellence and bespoke services, The Leela has been ranked the #1 hospitality brand globally by Travel + Leisure World's Best Awards in 2020 and 2021, and among the top three in 2023 and 2024. The brand remains committed to delivering timeless Indian hospitality through world-class luxury experiences. For more information, please visit our website www.theleela.com and connect with us on Facebook , Twitter and Instagram . About The Leela Palace Jaipur Set against the Aravalli Hills, The Leela Palace Jaipur is a modern palace that blends Rajasthan's regal heritage with contemporary luxury. Spread across eight acres of landscaped gardens, the palace features 194 elegant rooms and suites, immersive cultural experiences, and Aujasya Spa by The Leela, rooted in ancient Indian wellness traditions. The palace's signature dining destinations include Jamavar, a fine-dining homage to India's royal kitchens; The Aravalli Dining Room, an elegant all-day restaurant inspired by Jaipur's regal heritage; The Peacock Lounge, an exclusive lounge offering refined Mediterranean cuisine; The Jharokha Bar, celebrating the spirited essence of Royal Rajasthan; and The Amber Terrace, overlooking the Aravalli Hills, offering root-to-fruit inspired cocktails paired with modern Asian cuisine. Celebrated as a preferred address for iconic celebrations and discerning travellers, The Leela Palace Jaipur has been recognised with Two Michelin Keys (2025), ranked among the Top Hotels in India by Condé Nast Traveller UK Readers' Choice Awards 2025, and named Favourite Indian Leisure Hotel at the Condé Nast Traveller India Readers' Travel Awards 2025. Photo: Embedded Media 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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