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    As part of USD 1 trillion push, Maha govt forms panel to explore textile sector venture capital fund
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February 9, 2026
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Maharashtra forms panel to design a venture capital fund for the textile sector to support startups and MSMEs.
A nine member committee chaired by the state textile minister will frame proposals for a dedicated venture capital fund for the textile sector to provide targeted risk capital to startups and MSMEs, supporting innovation, modernisation, value addition, manufacturing growth, exports and employment. The committee will study the fund's structure, size, governance and operational framework; assess funding needs across the value chain; identify best practices and leverage private investment, financial institutions and central schemes; and recommend safeguards, incentives and timelines before submitting its report to the government.
February 9, 2026
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JBCN International Schools secured eight Outstanding Learner Awards, including five Top in the World recognitions in IGCSE and AS/A Level subjects.
JBCN International Schools announced eight learners received Outstanding Learner Awards-five Top in the World and three Top in India-across IGCSE and International AS & A Level examinations, with a strong showing in Mathematics and top scores in Global Perspectives, AS Level Sociology, and Digital Media and Design, attributed to student discipline and mentoring by experienced teachers including trained examiners.
February 9, 2026
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Convocation: problem-solving skills highlighted as key to career success amid AI-driven workplace shifts and graduates honoured with awards.
Problem-solving ability is presented as the decisive factor for career success amid AI-driven reduction of traditional entry-level jobs; education should develop innovative thinking and resilience rather than only intellectual training. The convocation highlighted the PGDM program's alignment with the National Education Policy 2020, industry collaboration and research emphasis, included an interactive career-focused Q&A, and conferred degrees alongside merit and extracurricular awards.
February 9, 2026
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Silver and gold rose on global trends and a weaker dollar, aided by China buying and focus on US macro data.
Silver and gold prices rose sharply on firm global cues and a softer US dollar, with silver up c.6.7% to Rs 2,72,000/kg and 99.9% gold up c.0.8% to Rs 1,58,500/10g. Price gains were driven by international spot increases, domestic buying and speculative flows in silver, while profit-taking limited peaks. Dollar weakness, sustained Chinese central bank gold purchases and anticipation of key US jobs and inflation data were identified as principal market drivers.
February 9, 2026
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Unlisted shares in India: private-equity style investments requiring Demat accounts, off-market transfers, and longer holding periods.
Unlisted shares trade outside recognised exchanges via off-market transfers requiring a Demat account, KYC and depository documentation; pricing is negotiated based on company fundamentals rather than exchange price discovery, liquidity is constrained with longer holding periods, and capital gains taxation depends on holding-period tests-market participants are moving from informal channels to structured platforms and specialist intermediaries.
February 9, 2026
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PAN quoting thresholds raised: mandatory PAN for large cash transactions, vehicle, hotel and property purchases and insurance onboarding.
Draft Income Tax Rules 2026 require PAN for cash deposits/withdrawals aggregating Rs 10 lakh in a year, motor vehicle purchases over Rs 5 lakh (including motorcycles), hotel/event payments over Rs 1 lakh, and immovable property transactions over Rs 20 lakh; PAN will also be required to open account-based relationships with insurance companies.
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AuthBridge and Vibrium AI partner to build AI driven conversational verification and cognitive models for faster, more accurate digital trust solutions.
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February 9, 2026
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Frontier Nagaland Territorial Authority enables local decision-making through administrative autonomy and devolved subjects for development.
The Frontier Nagaland Territorial Authority agreement grants administrative autonomy to six eastern districts by devolving 46 subjects to the Authority, establishing a dedicated secretariat, and providing a separate Centre-funded annual budget to enable local decision-making and faster execution of development programmes, aimed at fostering peace, stability, infrastructure, investment, tourism, and employment.
February 9, 2026
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Satellite internet partnership to provide high-speed connectivity to remote and underserved areas under a pilot public-private LoI.
A government entity and a private satellite operator executed a Letter of Intent to run a pilot providing high speed satellite internet to remote, border and underserved areas, connecting CSCs, e governance facilities, schools, PHCs, disaster management rooms, police outposts, ports and industrial parks. A Joint Working Group of both parties will coordinate implementation, capacity building and training, with sectoral focus on education, healthcare, security, maritime operations, highway safety and industrial connectivity to support digital inclusion where terrestrial infrastructure is limited.
February 9, 2026
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Union budget cuts to capital expenditure and rural allocations worsen investment shortfalls and hinder growth momentum.
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Bhima Jewellery opened a new Noida showroom (P17, Sector 18) as part of pan India expansion, offering 22 carat gold, 100% BIS certified products, transparent pricing, and a modern retail experience. The launch reflects a strategy of responsible geographic growth, omnichannel development, and maintaining legacy commitments to purity, craftsmanship, ethical business practices, and consistent quality controls across product categories.
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An interim India-US trade agreement signaling tariff reductions and deeper economic cooperation spurred broad investor buying, lifting Sensex to about 84,066 and Nifty to about 25,867. Gains were led by PSU banks, consumer durables, realty and commodities, supported by foreign institutional investor inflows and expectations of demand revival, showing how reduced tariff uncertainty drove sectoral accumulation and improved risk appetite across midcap and smallcap segments.

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First leg of Budget session witnessing uproar over India-US trade deal, Naravane's book ends

February 13, 2026

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New Delhi, Feb 13 (PTI) The stormy first leg of the Budget session of Parliament that saw heated exchanges between the opposition and the treasury benches over the India-US interim trade deal and unpublished memoir of former Army chief M M Naravane concluded on Friday.

The Lok Sabha and the Rajya Sabha will both reassemble on March 9 and the session will conclude on April 2.

The first part of the session also saw the opposition give a notice to remove Speaker Om Birla from his chair after expressing no-confidence in him and accusing him of abusing his position.

This is the fourth such notice to remove the speaker so far, with the earlier ones either being defeated or not being taken up due to lack of numbers. The notice would now be taken up during the second part of the session.

Meanwhile, the speaker also said that he will not occupy the chair on moral grounds until the notice for his removal is disposed of.

The three-week recess period will allow the standing committees of Parliament to examine allocations made in the Union Budget to various central ministries.

While the Lok Sabha saw lower productivity, that of the Rajya Sabha was nearly 100 per cent, as members participated in the discussion on both the Motion of Thanks to the President's Address and the Union Budget.

The Lok Sabha witnessed acrimonious exchanges from both sides after Leader of Opposition Rahul Gandhi was not allowed to quote excerpts from Narawane's unpublished memoir. Its fallout was that the prime minister could not reply to the discussion on the Motion of Thanks.

The Lok Sabha witnessed dramatic scenes and repeated adjournments from February 2 afternoon after the chair disallowed Gandhi to quote excerpts from Naravane's unpublished memoir relating to the India-China conflict of 2020.

This led to the suspension of eight MPs, including seven of the Congress and one of the CPI(M), for the remainder of the Budget session for unruly behaviour.

The opposition finally moved a notice to move a resolution against Birla for removing him from his chair.

An anguished Birla said he had "concrete information" that many Congress members might move towards the PM's seat and carry out "some unexpected act" as a result of which he had requested him not to come to the House to reply to the discussion on the Motion of Thanks.

In an unprecedented development, the Lok Sabha passed the Motion of Thanks on February 5 without the prime minister's customary reply in the face of relentless sloganeering by opposition members.

In the Rajya Sabha, Prime Minister Modi, in his nearly 100-minute reply to the debate on the Motion of Thanks on February 5, took on the opposition and accused them of insulting not just a tribal woman President Droupadi Murmu but also the high office of the President of India as well as the Constitution. He said the opposition has no right to talk about the Constitution anymore.

He also launched a scathing attack on the Congress saying the opposition party is unable to digest its successive electoral defeats and his rise, and asserted that it will never be able to "dig his grave" as the blessings of crores of Indians are his "protective shield". He also accused the Congress' "first family" of "stealing" Mahatma Gandhi's surname, alleging that stealing was their ancestral profession.

The Motion of Thanks was adopted by the Rajya Sabha by a voice vote in the absence of opposition members, who staged a walkout.

Later, the discussion on the Union Budget took place and Finance Minister Nirmala Sitharaman replied to the discussion in both Houses.

Participating in the debate in the Lok Sabha, Rahul Gandhi accused the government of failing to protect India's interests while signing an interim trade agreement with the United States, a charge that Sitharaman countered, saying it was the Congress government that sold the country at the World Trade Organisation (WTO).

A Bill to amend the Industrial Relations Code aiming to bring legal clarity was passed by Parliament in the first part of the session.

In the Rajya Sabha, Sitharaman asserted that India is on a robust growth trajectory with low unemployment, dismissing concerns of "jobless growth" as a relic of the UPA era. She said the middle class is expanding, not being suppressed, and emphasised that higher taxes paid by individuals compared to corporates do not mean they are being burdened.

According to PRS Legislative, while the productivity of the Lok Sabha was only 43 per cent, that of the Rajya Sabha was 97 per cent. It also said that the Lok Sabha functioned for 26.6 hours while the Rajya Sabha functioned for 58.2 hours.

On Friday, Rajya Sabha proceedings were also adjourned at 1 pm after Zero Hour and Question Hour.

On Friday, Leader of Opposition in Rajya Sabha Mallikarjun Kharge raised the issue of large portions of his speech during the debate on Motion of Thanks being expunged and demanded that they be restored. He urged the chair to reconsider his decision, saying otherwise, he will release them to the public.

Chairman C P Radhakrishnan, however, said Kharge cannot question the chair, and what he was saying was not correct as whatever has been expunged from the records cannot be released outside.

The Lok Sabha saw adjournments before the House was adjourned till March 9. Earlier, the House was adjourned for one hour after opposition members raised slogans demanding the resignation of Union minister Hardeep Puri. The opposition members were also protesting against the India-US interim trade agreement. PTI SKC GJS NAB SKC KSS KSS

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