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    Release of the new series of GDP, CPI and IIP is scheduled for 27th February 2026, 12th February 2026 and May 2026
    PAIMANA WEB PORTAL
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    Free trade agreement lifts hopes of India-EU organic food players
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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.
February 11, 2026
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Union Budget should prioritise employment over investment figures, ensuring dignified jobs for youth and taxpayer safeguards.
Employment must be central to policy, with success measured by dignified jobs for youth rather than investment announcements; manufacturing and MSME growth requires skilling, local ecosystems, affordable credit and predictable regulation to generate jobs. Tax simplification should include safeguards to protect honest taxpayers from cashflow harm and compliance anxiety, and wider policy must address urban governance, water security, climate resilience and regional balance while prioritising farmers, informal workers and backward regions.
February 11, 2026
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Nationwide strike to disrupt electricity, banking, transport, health and utilities; unions demand withdrawal of privatisation bills.
A nationwide strike by a joint trade union forum is expected to disrupt electricity, banking, insurance, transport, health, education and utility services, with large-scale participation and partial bank-union involvement. Power-sector employees demand withdrawal of the Electricity (Amendment) Bill 2025 and the proposed National Electricity Policy 2026, restoration of the Old Pension Scheme, an end to outsourcing and regularisation of outsourced staff. Unions also oppose up to 100% FDI in insurance and seek repeal of recent labour codes and other statutory measures.
February 11, 2026
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IIM Lucknow Chief Strategy Officers Programme: 10-month executive course on strategy, AI integration, ESG and a capstone project.
IIM Lucknow and TimesPro offer a 10-month Chief Strategy Officers Programme for senior professionals (generally 10+ years' experience) structured into three modules-Sensing Opportunity; Crafting Competitive Advantage; Execution & Realising Competitive Advantage-covering strategy, disruption, M&A, digital and AI integration, ESG, change management and design thinking, delivered via live online sessions, a three-day on-campus immersion and a capstone project; successful participants receive an IIM Lucknow certificate and alumni credentials.
February 11, 2026
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Fengdu oranges gain national geographical indication and cooperative standardization to scale production and domestic exports.
Fengdu's orange sector relies on cooperative-led standardized production and training supported by the county Agriculture and Rural Affairs Commission, with certified technical practices (including drone operation) forming the operational compliance and quality-control framework. The product holds a National Geographical Indication Trademark and National Geographical Indication for Agricultural Products designation, and the village is a national specialty product demonstration, enabling regulated market access, traceability, and export opportunities.
February 11, 2026
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Parliamentary Budget debate: government accuses opposition of vitriol; parties clash over banks, MSMEs and fiscal transfers.
Parliamentary debate on the Union Budget saw government members accuse the Leader of the Opposition of vitriolic rhetoric and hostility toward constitutional institutions, while defending the Budget and the government's economic record-citing bank recoveries, support for MSMEs and criticisms of the Opposition's trade and economic positions-and opposition and regional MPs demanded unpaid fiscal transfers and targeted employment measures.

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Customs & Trade

ICAR–IIMR and Gourmet Popcornica Collaboration Paves the Way for an Aatmanirbhar Popcorn Maize Ecosystem

February 12, 2026

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Chennai, Tamil Nadu, India (NewsVoir) • Reduced reliance on popcorn imports has saved valuable foreign exchange for the Indian exchequer.

• Scientific cultivation practices, mechanisation, and end-to-end farmer engagement have improved efficiency, yield, kernel quality, and expansion ratios, enhancing farmer prosperity.

The Indian Council of Agricultural Research (ICAR) - Indian Institute of Maize Research (IIMR), in collaboration with Gourmet Popcornica Private Limited, India’s largest popcorn company, is witnessing the successful outcomes of a strategic partnership aimed at strengthening India’s popcorn maize value chain, enhancing farmer incomes, and advancing India’s ambition to become a global hub for high-quality popcorn maize production.

ICAR-IIMR Recognises Gourmet Popcornica for Stellar Contribution Towards Making India aatmanirbhar in Popcorn Maize On ICAR-IIMR’s Founder’s Day on 9th February, 2026, Gourmet Popcornica received an award for its ongoing work with in the popcorn maize ecosystem. The Award recognises staff, progressive farmers and India companies for contribution in the extension and expansion of Maize in India.

The award was presented by Dr Hanuman Sahay Jat – Director of Maize, ICAR-IIMR to Mr. Y Yugandhar - CEO Crop integration, Gourmet Popcornica and Mr. K Mahiadhar Reddy - Director, Gourmet Popcornica.

Luminaries present at the Award Ceremony included the Chief Guest for the event, Vice Chancellor of PAU, Dr. Satbir Singh Gosal, Dr Sian Das (former Director of IIMR), Dr Nachiket Kotwaliwale (Director – ICAR -CIPHET), Dr Ashok Mehta (former Director of ICAR), Dr Sarabjeet Singh (progressive agri machinery entrepreneur) and Mr. O P Choudhary (Senior Soil Scientist, PAU), and other senior scientists from PAU and IIMR.

Over the last decade, India’s popcorn maize market has expanded from 50,000 tonnes to over 130,000 tonnes. This growth has been largely driven by the successful development and domestication of high-expansion popcorn maize cultivation. Earlier, nearly 100 percent of the popcorn consumed in India was imported. Today, domestic production accounts for nearly 65 percent of the market, significantly reducing reliance on imports and creating a new and sustainable income stream for Indian farmers.

Over the past five years, ICAR-IIMR’s scientific and agronomic expertise, combined with Gourmet Popcornica’s decade-long experience in large-scale high-expansion popcorn maize cultivation, has strengthened specialised value chains such as popcorn maize. This collaboration demonstrates the importance of science-led partnerships in diversifying farmer incomes and reducing import dependence.

The partnership formally began in February 2021 with the signing of agreements for IIMR-bred popcorn hybrid’s, reflecting ICAR-IIMR’s commitment to translating agricultural science into tangible economic outcomes for farmers. Over the last four years, with the guidance of ICAR-IIMR scientists and its own breeding team, Gourmet Popcornica has developed new hybrids with high yield, high popping and resistance to diseases/ pests. The partnership aligns with national priorities under Atmanirbhar Bharat, promoting rural livelihoods, value-added agriculture, and export readiness.

What began as an effort to produce world-class popcorn in India has now evolved into a national opportunity. With ICAR–IIMR’s research excellence and Gourmet Popcornica’s on-ground operational strength, India is poised not only to meet domestic demand but also can emerge as a trusted exporter of premium-quality popcorn maize. The long-term objective is to position India as a net exporter of premium popcorn maize to key Asian markets.

Currently, Gourmet Popcornica works closely with over 17,500 farmers and cultivates popcorn maize across more than 36,000 acres in nine states across India. Through structured contract farming, capacity-building programmes, sustainable packaging initiatives, and responsible sourcing practices, the company ensures product integrity, supply reliability, and measurable farmer impact.

With a vision to become India’s most trusted gourmet popcorn brand, Gourmet Popcornica is fostering a vibrant, aatmanirbhar ecosystem where farmers prosper, institutions excel, and consumers enjoy high-quality popcorn experiences rooted in sustainability and innovation by the support of ICAR-IIMR .

About Indian Council of Agricultural Research (ICAR) The Indian Council of Agricultural Research (ICAR), based in New Delhi, is the apex body for coordinating, guiding, and managing research and education in agriculture and allied sciences in India. It manages research and education in agriculture, horticulture, and fisheries in India. Established in 1929, ICAR operates 113 institutes and 74 universities, playing a key role in the Green Revolution and enhancing food security through scientific advancements.

For more information, visit icar.org.in.

About Gourmet Popcornica Gourmet Popcornica is a Chennai-based agri-to-consumer company building India’s popcorn value chain - from hybrid seed and farmer partnerships to kernel processing, storage, cinema supply and branded retail products. It is the number one producer of popcorn maize in India and the fourth largest in the world. Founded in 2014, Gourmet Popcornica combines global popcorn know-how with local cultivation to deliver consistent, high-quality kernels and ready-to-eat gourmet popcorn for cinemas, foodservice, retail and e-commerce.

Working closely with 17,500 farmers, Gourmet Popcornica currently cultivates over 36,000 acres of popcorn maize, across five states in India. The company prioritises product integrity, supply reliability and farmer impact through contract farming and capacity-building programmes and pursues sustainable packaging and responsible sourcing across its operations.

With a vision to be India’s most trusted gourmet popcorn brand, Gourmet Popcornica is creating a vibrant, aatmanirbhar ecosystem where farmers prosper, institutions excel, and consumers everywhere enjoy unforgettable, high-quality popcorn experiences, rooted in sustainability and innovation.

For more information, visit gourmetpopcornica.in.

(Disclaimer: The above press release comes to you under an arrangement with Newsvoir and PTI takes no editorial responsibility for the same.). PTI PWR

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