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    Retail liquor prices set to rise in Uttar Pradesh
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February 13, 2026
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Retail liquor prices to rise as Uttar Pradesh raises licence fees, reforms MRP and launches an excise export policy.
The excise policy raises the minimum guaranteed revenue (MGR)/licence fee for retail liquor shops and bhang shops, adjusts special additional excise duty on IMFL, and reforms MRP by rounding most country liquor and UPML to the next multiple of Rs 10 while introducing a new 100 ml UPML pack; it also creates a standalone excise export policy to promote distilling and logistics investment and requires retail allotments primarily by renewal with district collectors authorised to approve relocations.
February 13, 2026
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Iridium scam network using fake central bank IDs defrauded investors of crores; six arrested, investigation ongoing.
An inter-state fraud operation used a fake commodity investment scheme claiming funds held with the central bank to obtain payments via staged interviews, counterfeit identity cards, biometric collection and forged documents. The facts give rise to allegations of impersonation, forgery, cheating and criminal conspiracy. Law enforcement conducted coordinated arrests across jurisdictions, seized mobile phones and laptops, and is investigating further victims and participants while advising potential victims to file complaints to assist evidence collection and tracing.
February 13, 2026
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Spectrum allocation ruled not an asset and therefore not subject to insolvency proceedings under applicable insolvency rules.
Allocation of electromagnetic spectrum to telecom service providers was held not to constitute an asset capable of being brought into insolvency proceedings, limiting the scope of creditor remedies under the insolvency regime. The NIA was granted an additional 45 days to continue its probe into a blast, and an individual was released on bail in a decades-old criminal case, illustrating ongoing judicial oversight of investigations and pretrial liberty decisions.
February 13, 2026
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Lodha Developers ex-director accused of laundering over Rs 85 crore using front entities, forged MOUs and benami land deals.
Allegations state a former director exceeded limited authority to orchestrate unauthorized transactions that generated, concealed and laundered proceeds of crime exceeding Rs 85 crore by using front entities, benami arrangements, forged MOUs, diversion of company funds through controlled entities, cash withdrawals, undervalued alienation of company land and Transferable Development Rights, and fraudulent allotment of residential units to benefit associates.
February 13, 2026
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Rupee falls to 90.66 as forex reserves decline and a new CPI series is introduced, weighing on markets.
The rupee weakened to 90.66 per US dollar amid a firmer dollar, weak domestic equities, and foreign institutional investor outflows, while RBI data showed a notable weekly decline in forex reserves. Authorities introduced a new Consumer Price Index series with expanded coverage and re-weighted constituents to better inform monetary and fiscal policy.
February 13, 2026
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Supreme Court updates: spectrum ruled non IBC asset; Himachal local polls deadline extended; directions on probes and enforcement.
The Court extended the Himachal Pradesh deadline for local body elections to May 31, required an investigative agency to file a status report on multiple FIRs arising from ethnic violence, ordered a rusticated minor be permitted to sit Class 10 exams with the examination council issuing an admit card, signalled that substantial security may be required in enforcement of a foreign civil judgment if contested, and held that telecom spectrum allocations are not assets subject to proceedings under the Insolvency and Bankruptcy Code.
February 13, 2026
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Spectrum allocated to telecom providers is not an IBC asset; licensing rights do not create proprietary title for insolvency.
Spectrum allocated to telecom service providers is not susceptible to IBC proceedings because the Union retains ownership and the telecommunications statutes and regulatory framework govern administration, use, transfer, and licensing; recognition of spectrum licensing rights as an intangible asset in financial statements does not create proprietary title, and absent transfer of title such licensing rights are not part of the insolvency asset pool.
February 13, 2026
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Priority sector lending potential estimated at Rs 4.88 lakh crore for FY27, with major allocations to agriculture and MSMEs.
NABARD's State Focus Paper projects a priority sector credit potential of Rs 4.88 lakh crore for FY27, allocating Rs 2.24 lakh crore to agriculture and allied activities and Rs 2.27 lakh crore to MSMEs, with block level sub sector estimates to inform the annual credit plan and align financial institutions with development priorities.
February 13, 2026
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Andaman bank fraud: Enforcement Directorate attaches Rs 200 crore in properties under PMLA, linking assets to shell companies.
The Enforcement Directorate, by a provisional order under the Prevention of Money Laundering Act, attached 51 immovable properties worth Rs 200.02 crore allegedly derived from a Rs 500 crore fraud at the Andaman and Nicobar State Cooperative Bank; assets are held in names of accused persons, relatives, associates and controlled firms. The ED alleges use of 23 shell companies, dummy directors and powers of attorney to conceal consideration and that over 100 high-value loans were sanctioned in violation of NABARD, RBI and internal bank directives; a chargesheet against 39 entities was filed in November 2025.
February 13, 2026
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Startup India expands funding, tax reliefs and compliance relaxations to boost venture financing, ESOP flexibility and GST ease.
Startup India recognises over 2.07 lakh startups and deploys three principal funding mechanisms-Fund of Funds for Startups (FFS) via SIDBI backed AIFs (Rs. 25,547.98 crore invested), Startup India Seed Fund Scheme (SISFS) providing grants/convertible/debt through incubators (Rs. 590.93 crore approved), and a Credit Guarantee Scheme for Startups (CGSS) guaranteeing loans (circa Rs. 808.18 crore). Concurrent regulatory and tax easements include profit linked tax deductions, ESOP TDS deferral, carry forward/set off relaxations, GST procedural reforms (simplified registration, QRMP, provisional refunds, interest/penalty waivers, reduced pre deposits) and Companies Act compliance relaxations (optional cash flow, deposit exemptions, reduced board meeting frequency, ESOP and convertible note flexibilities).
February 13, 2026
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Greenfield industrial cities: SPVs formed for 12 projects, EPCs appointed for nine, environment clearances for eleven.
All twelve greenfield industrial city projects have incorporated Special Purpose Vehicles; equity released to nine SPVs; Programme Managers for New Cities appointed for nine projects; EPC contractors appointed for nine projects with one additional contractor finalised; eight EPC contracts had been awarded for internal trunk infrastructure as of January 2026 with one further award thereafter; environment clearances secured for eleven projects and foundation stones laid at two projects.
February 13, 2026
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Lead Bank Scheme draft revises governance, roles, and committee structures; public comments invited by March 6, 2026.
Draft circular revising the Lead Bank Scheme aims to refine Scheme objectives, clarify governance by specifying structure, membership and agenda of fora, and delineate roles and responsibilities of key functionaries. It also proposes measures to strengthen the State Level Bankers' Committee and Lead District Manager offices. Public comments are invited by email using a prescribed subject line within the stated deadline.
February 13, 2026
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RBI draft directions on loan recovery require fair treatment, due diligence, training, and codes for recovery agents.
The Reserve Bank of India has issued draft Amendment Directions extending responsible business conduct requirements on loan recovery and engagement of recovery agents to all regulated entities, specifying safeguards on fair treatment of borrowers, conduct of lender employees and agents, due diligence, training, and a code of conduct for recovery agents, and inviting public comments through prescribed channels.
February 13, 2026
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India's forex reserves fell $6.7bn to $717.06bn; foreign currency assets rose while gold and SDRs declined.
India's foreign exchange reserves fell USD 6.711 billion to USD 717.064 billion for the week ended February 6. Foreign currency assets increased by USD 7.661 billion to USD 570.053 billion, gold reserves dropped by USD 14.208 billion to USD 123.476 billion, SDRs declined by USD 132 million to USD 18.821 billion, and the reserve position with the IMF fell by USD 32 million to USD 4.715 billion.
February 13, 2026
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Gold and silver ETFs see increased investor flows as platforms use open ONDC infrastructure to offer SEBI-regulated products.
Record transaction volumes in gold and silver ETFs reflect investor shifts from physical holdings to SEBI-regulated products; Stable Money's early integration with the Open Network for Digital Commerce enables distribution of regulated mutual funds and ETFs via an open, interoperable infrastructure, increasing reach without closed ecosystems and concentrating mutual fund transactions on the network.
February 13, 2026
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Electoral trusts disbursed Rs 3,826 crore in FY25, with one party receiving 82.5%-report calls for greater transparency.
Electoral trusts received Rs 3,826.34 crore in FY2024-25 and disbursed Rs 3,826.35 crore, with one party receiving 82.52% of distributed funds; ten of twenty trusts reported receipts, five trusts' reports were unavailable, and instances of nil reporting and accounting anomalies were noted. The report identified concentration among top donors and sectors, significant undisclosed donor addresses, and called for enhanced transparency and enforcement under the Electoral Trusts Scheme, 2013.
February 13, 2026
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Wheat and sugar exports authorised with pro-rata quotas for mills and a 70% export fulfilment condition by June 30, 2026.
The government authorised export of 25 lakh tonnes of wheat and an additional 5 lakh tonnes each of wheat products and sugar to manage domestic supply and prices, relying on current private-stock estimates and projected central-pool availability. Additional sugar exports will be allocated on a pro-rata basis to willing mills that declare willingness within 15 days and must export at least 70% of their allocation by June 30, 2026; allocated quotas are non-transferable.
February 13, 2026
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National Productivity Week highlights MSME cluster productivity, Industry 4.0 readiness assessment, and proposed productivity rating systems.
NPC advanced cluster-based strategies to boost MSME competitiveness and global integration, advocating shared infrastructure and knowledge exchange. It proposed an Industry 4.0 Readiness Assessment Framework, an Indian Productivity Rating System, a 5S Assessment Framework for export readiness, sector-specific benchmarks, and a Learning & Development Centre to embed productivity tools. Energy efficiency, sustainable production, youth engagement, and international collaboration were presented as complementary measures to translate productivity gains into cost efficiency and competitiveness.
February 13, 2026
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Technology sector urged to pursue trillion-dollar ambition by 2035 with tax incentives, clean energy and AI focus.
The minister urged the technology sector to pursue a trillion-dollar ambition by 2035 through applied AI, a 10 GW data centre capacity target by 2030, and strengthened clean energy integration, backed by income tax benefits for qualifying investments through 2047 to boost FDI, jobs and the data centre ecosystem, while emphasizing cybersecurity, data integrity, AI education, industry-led engagement with government facilitation, and coordinated action with states to streamline approvals and electricity access.
February 13, 2026
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Customs reforms introduce trust-based governance and an integrated digital ecosystem to simplify clearances and aid trade.
Reforms introduced in the Union Budget 2026-27 emphasise trust-based governance, simplification of customs procedures, and implementation through staff sensitisation across Mumbai Customs operations; a single integrated digital ecosystem connecting export-import stakeholders and participating agencies is being pursued to accelerate clearances, strengthen business planning, and improve ease of doing business, with FAQs released for public facilitation and ongoing stakeholder consultations to address industry queries.

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February 13, 2026

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New Delhi, Feb 13 (PTI) Following are the top stories at 9 pm: NATION DEL41 PM-LD BANGALDESH (4.03 PM)

PM Modi speaks to Bangladesh leader Tarique Rahman; congratulates on BNP's poll victory New Delhi: Prime Minister Narendra Modi on Friday spoke to Bangladesh Nationalist Party (BNP) leader Tarique Rahman on his party's victory in the neighbouring country's parliamentary elections and extended India's continued commitment to the peace, progress and prosperity of the people of both countries.

DEL44 BANGLA-ELECTIONS-EX ENVOYS (4.21 PM)

Good news for Bangladesh: Strategic affairs experts on poll results in neighbouring country New Delhi: A positive turn is likely in the ties between India and Bangladesh after a period of more than 18 months that saw the relations being marred by frostiness, as Bangladesh Nationalist Party (BNP) is set to secure a clear mandate in the neighbouring country's election, strategic affairs experts said on Friday.

DEL35 PM-LD SEVATEERTH (3.46 PM)

PM Modi shifts to new office at Seva Teerth, takes decisions for welfare of farmers, women New Delhi: Prime Minister Narendra Modi on Friday shifted to his new office Seva Teerth from the colonial-era South Block building near Rashtrapati Bhavan on Raisina Hill.

DEL97 RAHUL-FARMERS-2NDLD TRADE DEAL (8.48 PM)

Rahul meets farm union leaders, launching movement against India-US trade deal discussed New Delhi: Leader of Opposition in the Lok Sabha Rahul Gandhi met farm union leaders from across the country in the Parliament House complex on Friday and discussed with them the need for a countrywide movement to oppose the India-US interim trade deal as well as safeguarding the livelihoods of farmers and farm labourers.

CAL27 BH-PAPPU-YADAV (8.26 PM)

Pappu Yadav walks out of jail, says grateful to judiciary for separating truth from lies Patna: Independent MP Pappu Yadav, who was arrested last week in a three-decade-old case, walked out of jail on Friday after being granted bail by a Patna court.

DEL60 CONG-POLLUTION-CHOUHAN (6.10 PM)

Cong cites agri minister's remarks on stubble burning, says 'vilification of farmers' must stop New Delhi: Congress leader Jairam Ramesh on Friday cited Agriculture Minister Shivraj Singh Chouhan's remarks that studies have established that stubble burning contributes no more than 5 per cent to pollution in Delhi-NCR, to hit out at the environment ministry, and asserted that the "vilification of farmers" must stop.

DEL93 CONG-LD PURI (8.11 PM)

Epstein files: Cong seeks Union minister Hardeep Puri's resignation, party MPs protest in Parliament New Delhi: The Congress on Friday demanded Union minister Hardeep Singh Puri's resignation as his name figures in the "Epstein files" released in the United States and asked on whose behalf was he interacting with Jeffrey Epstein, who was convicted for sexual crimes with children.

DEL49 ADR-ELECTORAL BOND (5.00 PM)

BJP got 82 pc of Rs 3,826 crore disbursed by electoral trusts in 2024-25: ADR New Delhi: Electoral trusts received Rs 3,826.34 crore in contributions in Financial Year 2024-25 and disbursed Rs 3,826.35 crore to political parties, with the BJP receiving more than 82 per cent of the funds, the Association for Democratic Reforms (ADR) said on Friday.

LEGAL LGD24 SC-SPECTRUM-IBC (7.23 PM)

Spectrum allocated to telcos not asset, can't be subjected to insolvency process: SC New Delhi: In a landmark decision, the Supreme Court on Friday held that the spectrum allocated to telecom service providers is not an asset to be subjected to proceedings under the Insolvency and Bankruptcy Code.

LGD28 DL-COURT-BLAST (7.55 PM)

Red Fort blast: Court grants 45 more days to NIA to conclude investigation New Delhi: A Delhi court on Friday granted 45 more days to the National Investigating Agency (NIA) to conclude its probe in connection with a blast near the Red Fort here on November 10, 2025.

BUSINESS DEL51 BIZ-FOREX (5.13 PM)

India's forex reserves drop USD 6.7 bln to USD 717.06 bln Mumbai: India's forex reserves dropped by USD 6.711 billion to USD 717.064 billion during the week ended February 6, the RBI said on Friday.

DEL46 BIZ-WHEAT-EXPORT (4.45 PM)

Govt approves 25 lakh tons of wheat exports New Delhi: The government on Friday allowed export of 25 lakh tonnes of wheat, along with an additional 5 lakh tonnes of wheat products and sugar each, to stabilise domestic markets and ensure remunerative returns to farmers amid a comfortable stock position.

FOREIGN FGN13 UN-INDIA-JEM (9.19 PM)

UNSC panel notes Pak-based terror group JeM's reported link to Red Fort attack United Nations: A report by the UN Security Council sanctions monitoring team has noted that Pakistan-based terror group Jaish-e-Mohammed was reported to be linked to a terror attack on the Red Fort in New Delhi last November that killed 15 people. By Yoshita Singh

FGN37 BANGLA-LDALL ELECTIONS (7.32 PM)

BNP secures landslide victory; set to return to power after two decades Dhaka: The Bangladesh Nationalist Party (BNP) on Friday secured a sweeping victory with more than two-thirds majority in the landmark parliamentary elections and is making a spectacular return to power after a gap of two decades.

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