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February 11, 2026
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Asian markets rose as weak US retail data weighed on yields and raised prospects of future monetary easing.
Asian equities rose after disappointing US retail sales reduced Treasury yields and raised prospects of US monetary easing; forthcoming US labour and inflation reports were flagged as key for rate decisions. Company earnings and a revised takeover offer in the media sector caused stock-specific moves, while oil, precious metals and currency fluctuations accompanied the market response.
February 11, 2026
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DMK announces seat-sharing committee to start talks with allies from Feb 22 and election preparations continue.
DMK will form a seat-sharing committee, to be constituted by party president M. K. Stalin, and begin talks with allies from February 22 after the Assembly session ends. The move responds to Congress concerns about delay; DMK cited ongoing election operations-voter list revision, cadre mobilization, polling agent training, manifesto committee tours and the interim budget on February 17-as reasons for the timing.
February 11, 2026
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Rupee weakens as India-US trade fact sheet on tariff cuts and large US purchases fuels importer dollar demand and commodity risk.
The rupee fell to 90.62 driven by importer dollar demand and geopolitical tensions after an India-US trade fact sheet outlined tariff reductions on US industrial and agricultural goods and large purchase commitments; analysts identify 90.00-90.20 as key support with 91.00-91.20 as potential upside, while rising Brent crude threatens to widen India's import bill and exert pressure on the currency.
February 11, 2026
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RBI draft exempts certain NBFCs with under Rs1000 crore assets from registration, subject to conditions, and invites comments.
The Reserve Bank proposes that NBFCs not availing public funds and without customer interface with asset size below Rs.1000 crore be exempted from registration, subject to conditions specified by the RBI; the draft also prescribes procedures for deregistration or conversion of existing registered entities, including Type I NBFCs, and is accompanied by FAQs and a public consultation process.
February 11, 2026
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Urban Cooperative Banks: draft rules raise unsecured-advance limits, increase aggregate ceiling, deregulate certain housing loan terms, comments invited.
The draft Amendment Directions rationalise the definition of unsecured advances, increase individual loan limits and raise the aggregate ceiling for such advances to 20% of total advances, enhance the consumer durable lending limit to nominal members to Rs.2.5 lakh, deregulate housing loan tenor and moratorium for Tier 3 and Tier 4 UCBs, and impose additional disclosure requirements, with public comments invited by March 4, 2026 via Connect 2 Regulate or email.
February 11, 2026
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Dubai International Airport hit 95.2M passengers and will shift operations to Al Maktoum after a $35B upgrade by 2032.
Dubai International Airport, run by state owned and state linked entities, reached 95.2 million passengers in 2025 and faces urban and cost pressures from rapid aviation driven growth. Authorities plan to transfer operations to Al Maktoum International Airport after an estimated $35 billion upgrade, targeting a 2032 operational move to leverage larger expansion capacity and reconfigure long term aviation infrastructure.
February 11, 2026
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India US interim trade agreement cuts tariffs to 18% but is criticised as asymmetrical and harmful to textile competitiveness.
The interim Indo US trade agreement reduces reciprocal tariffs on Indian goods from 25% to 18% and eliminates a prior punitive 25% tariff on Indian crude; opposition commentary characterises the pact as asymmetrical, a "coerced opening" that concedes more than India gains and undermines textile export competitiveness relative to Bangladesh.
February 11, 2026
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White House revises trade fact sheet: removes 'pulses' and softens India purchase commitments language.
The White House revised its interim US-India trade fact sheet to remove "pulses" from the list of US agricultural products on which India will eliminate or reduce tariffs and to change wording from India "committed" to buy over $500 billion of US goods to India "intends" to buy more American products and purchase over $500 billion of specified US goods.
February 11, 2026
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Supreme Court to hear challenges on detention of activist, money laundering case, service pay and police reforms.
The Supreme Court will hear petitions challenging the detention of climate activist Sonam Wangchuk; a state chief minister's challenge to Enforcement Directorate money laundering proceedings; a petition concerning pay and allowances of members of the Uttar Pradesh State Consumer Dispute Redressal Commission; and a petition concerning police reform.
February 11, 2026
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Puducherry interim budget to be tabled Feb 12, Vote on Account to fund departments pending a full budget.
An interim budget will be tabled on February 12 by the Chief Minister acting as finance minister via a Vote on Account to authorize departmental expenditures for the initial months of fiscal 2026-2027; the Assembly will also pass supplementary grants for the current fiscal year because imminent elections prevent presentation of a full budget, with the House comprising thirty elected and three nominated members.
February 11, 2026
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KSDL appoints Tamannaah as brand ambassador, sparking debate over non-Kannada selection and business-driven committee choice.
KSDL's selection committee appointed Tamannaah Bhatia as a two-year brand ambassador for a reported Rs 6.20 crore fee, defending the merit-based, market-oriented choice because several Kannada actors were ineligible due to other endorsements and Mysore Sandal sales are concentrated outside Karnataka (approx. 8-12% in-state), prompting both political and social-media criticism framed as an attack on local talent and counter-arguments stressing commercial strategy and export-oriented expansion.
February 11, 2026
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2026 27 state budget to prioritize inclusive development, poverty welfare, youth empowerment, farmer prosperity and women's dignity.
The 2026-27 state Budget is positioned as a policy instrument to found long term economic transformation toward Viksit Bharat 2047 and a USD 1 trillion state economy, offering a coordinated action plan emphasizing poverty alleviation, youth empowerment, farmer prosperity, women's dignity, and targeted public investment within the routine legislative budget presentation process.
February 11, 2026
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USTR deletes X post after map depicted Pakistan-occupied Kashmir and Aksai Chin as part of India.
The US Trade Representative removed an X post that displayed a map showing Jammu and Kashmir, including Pakistan-occupied Kashmir, and Aksai Chin as part of India; the map accompanied a bilateral interim trade framework announcement and the deletion reflects sensitivities about depicting disputed territories in official social media communications.
February 11, 2026
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Regularisation of daily wagers to be initiated this year; Budget ties industrial incentives to local employment and funds key welfare locally.
The government will initiate regularisation of daily wagers this year and has prioritised job creation, infrastructure, targeted welfare across agriculture, animal husbandry, fisheries and dairy, and youth entrepreneurship through Mission YUVA. The administration will fund six free LPG cylinders from its own resources, extend free bus travel to persons with disabilities, promote EV bus services, and require industrial beneficiaries of subsidies, land and power concessions to prioritise employment for local youth.
February 11, 2026
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Appointment of Bal Jogi Pargat Nath to lead advisory board to develop Ram Tirath as an international Dalit heritage centre.
The Punjab government appointed Bal Jogi Pargat Nath as chairman of the advisory board of the Bhagwan Valmiki Ji Tirath Sthal shrine board and signalled a policy to develop Ram Tirath as an international centre of Dalit faith, heritage and spiritual philosophy to promote recognition of Dalit contributions and the values of equality, dignity and social justice.
February 11, 2026
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Indo-US trade deal could harm J-K dry fruit and horticulture economy, and CM defends the pro-people Budget.
Omar Abdullah warned that the India-US interim trade deal allowing duty-free imports of tree nuts could harm Jammu and Kashmir's dry fruit and horticulture economy and urged protection for local walnuts, almonds and apples. He defended the Budget as pro-people and growth-oriented, noting capital expenditure at 36% (rising by March 31), distinguishing prior higher revenue spending due to loan settlements, assuring salaries and pensions are safe, and highlighting investments in agriculture, horticulture, dairying and rural economic strengthening.
February 10, 2026
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Smuggled gold seized and two arrested after airport wax-capsule concealment and linked melting facility exposed.
Directorate of Revenue Intelligence seized 5.8 kg of smuggled gold worth about Rs 9.22 crore and arrested two syndicate members after surveillance linked intercepted passengers carrying wax-capsule gold to a South Mumbai melting facility where authorities recovered melting and casting equipment, foreign bullion marking dies, record books of smuggled-gold transactions and sale proceeds, and currency notes used as tokens for illegal receipt and delivery; the arrested were booked under the Customs Act and further probe is underway.
February 10, 2026
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Old-age pension discontinuations were administrative safeguards pending verification; valid proof will prompt immediate restoration.
The Haryana government says old-age pensions were administratively discontinued where eligibility could not be verified: cases of recorded deaths identified after Registrar General data arrived in November 2025; beneficiaries under the qualifying age due to manipulated Aadhaar age data, with action initiated for tampering; and cases lacking verified income-based eligibility pending income certificate submission. Valid proof of eligibility will trigger immediate restoration; discontinuations are described as temporary safeguards against ineligible payments.
February 10, 2026
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Mundhwa land deal: accused alleged to have facilitated illegal sale of protected government land at undervalue.
Allegations assert that the accused facilitated illegal regularisation and sale of protected government land in Mundhwa at a substantial undervalue, involved waiver of large stamp duty, execution of documents purportedly on behalf of deceased persons, and connivance with revenue officials, raising serious economic offence concerns and investigative risks from absconding co-accused and potential witness influence.
February 10, 2026
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India-US trade pact: India winding down Russian oil purchases and cutting tariffs on US industrial and agricultural goods.
An interim trade framework establishes reciprocal commitments: the US agreed to remove a punitive 25 per cent tariff on Indian imports in recognition of India's commitment to reduce Russian oil purchases; India has begun winding down Russian energy purchases and increasing American and other energy imports. India will eliminate or reduce tariffs on all US industrial goods and a wide range of US food and agricultural products, while also moving down digital services taxes and other tariffs.

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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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