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    Lodha Developers ex-director remanded to ED custody till Feb 20 in money laundering case
    Rupee falls 5 paise to close at 90.66 against US dollar
    SUPREME COURT-HIGHLIGHTS
    Spectrum allocated to telcos not asset, can't be subjected to insolvency process: SC
    Rajasthan has Rs 4.88 lakh crore of priority sector lending potential in FY27: NABARD
    ED attaches Rs 200 crore worth assets in Andaman bank fraud case
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    CCI approves acquisition of low voltage motor business of Siemens Ltd. by Innomotics India Pvt Ltd.
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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.
February 13, 2026
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Low voltage motor business acquisition approved; Innomotics to acquire Siemens' unit in India through a slump sale.
The Competition Commission of India approved a proposed combination for the slump sale of the low voltage motor business of Siemens Limited to Innomotics India Private Limited. The Target Business sells low voltage motors for industrial applications in India and exports under an outsourced manufacturing model. Innomotics, part of KPS Capital Partners, is an industrial motors manufacturer supplying high and medium voltage motors and large drive systems to sectors including oil and gas, metals, cement, power and marine. A detailed order will follow.
February 13, 2026
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Acquisition of ~6.63% stake in Valuedrive by Fidelity Funds via CCPS subscription and secondary purchase.
The proposed transaction involves acquisition of approximately 6.63% minority shareholding in Valuedrive Technologies Private Limited by Fidelity group investment funds through a mix of primary subscription and secondary acquisition of compulsory convertible preference shares, with Fidelity Funds acting as diversified investment vehicles. Valuedrive is an operating-cum-holding company in the Spinny Group operating an electronic wholesale motor-vehicle platform and owning subsidiaries in lending, insurance broking, automotive publishing/events, and ancillary services.

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Cabinet approves construction of Twin Tube TBM road Underwater tunnel 2 Lane each under River Brahmaputra along with provision of Railway infrastructure in one of the tubes, in Assam with total length of 33.7 Km

February 16, 2026

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The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi, yesterday has approved construction of 4-Lane Access-Controlled Greenfield connectivity from Gohpur on NH-15 to Numaligarh on 715 section including 15.79 Km. of Road cum Rail Tunnel under River Brahmaputra to be developed at a total capital cost of Rs.18,662 crore in Assam on Engineering procurement Construction  (EPC).

Currently, connectivity between Numaligarh on NH715 and Gohpur on NH-15 is 240 Km. from existing Kaliabhambhora road bridge near Silghat on NH-52 which takes 6 Hours passing through Numaligarh,  Kaziranga National park and Biswanath Town. To address these challenges, the project is proposed to be developed as 4-Lane Access-Controlled Greenfield connectivity  from Gohpur on NH-15 to Numaligarh with Road cum Rail tunnel below the river Brahmaputra river. This would be first underwater Road cum Rail tunnel in the India and 2nd in world. The project will provide significant benefit to Assam, Arunachal Pradesh, Nagaland and other North -Eastern States. This will enhance the efficiency of freight movement, reducing logistics cost and driving socio-economic growth in the region.

The project alignment integrates with 02 major National Highways (NH-15 and NH-715)  and 02 Railway lines i.e. Rangia-Mukongselek Railway Section under Rangia Division of NFR on Gohpur Side and Furkating-Mariani loop line section under Tinsukia Division of NFR on Numaligarh side. The project providing seamless connectivity to key economic, social, and logistics nodes across Assam. Additionally, the project  will enhance multi-modal integration by connecting with 11 Economic Nodes, 03 Social Nodes, 02 Tourist nodes and 08 Logistic Nodes, providing enhanced connectivity with 04 Major Railway Station, 02 Airport, and 2 inland water way thereby facilitating faster movement of goods and passengers across the region.

Upon completion, the project will play a pivotal role in strategic considerations, regional economic growth, strengthening connectivity between major economic centers and opening new avenues for trade and industrial development. The project will also generate approximately 80 Lakhs person-days of direct and indirect employment, and will open new avenues of growth, development and prosperity in surrounding regions.

Map of Corridor:

Project Details

 

Feature

Details

Project Name

Construction of Twin Tube TBM road Underwater tunnel 2 Lane each under River Brahmaputra along with provision of Railway infrastructure in one of the tubes, in the state of Assam on EPC Mode with total length of project as 33.7 Km.

Corridor

Gohpur on NH-15 – Numaligarh on NH-715

Length (km)

33.7 Km.

Total Civil Cost (Rs Cr.)

11,982.36 Cr.

Land Acquisition Cost (Rs Cr.)

716.65

Total Capital Cost (Rs Cr.)

18,662.02

Mode

Engineering Procurement Construction  (EPC).

Project Length

Instant Project of Length 33.77 Km.

Twin Tube TBM Tunnel with Railway in one of the tubes

15.79 Km.

Total Road cut & cover

1.26 Km.

Total Rail cut & cover

4 Km.

Major Roads Connected

National Highways – NH-15 & NH715

Rail Line connected

Rangia-Mukongselek Railway Section under Rangia Division of NFR on Gohpur Side

Furkating-Mariani loop line section under Tinsukia Division of NFR on Numaligarh side

Economic / Social / Transport Nodes Connected

Airports (02 ) : Dony Paulo Holongi Airport Itanagar and  Tezpur Airport

Railway Stations (04) : Numaligarh Railway Station, Gohpur Railway Station, Golaghat Town Railway Station, Simaluguri Junction

Inland Water way Terminals (02): Biswanath Ghat  Water way terminal, Tezpur Water way terminal

Economic Nodes (11) : Numaligarh Industrial Area, Jorhat DIC, IIDC Titabor, Industrial Area Junakinagar, Industrial Estate Nagaon, IIDC Demow, Industrial Estate Sivasagar, IIDC Naltali, Industrial Area Dolabari, Mini Industrial Area Biswanath, MMLP Jogighopa.

Social Nodes (03) : 1 Tribal district – Dima Hasao; 02 Aspirations Districts-Udalguri & Darrang

Tourist Nodes  (02) : Kaziranga National Park  & Deopahar Archaeological Site

Major Cities / Towns Connected

Numaligarh, Tezpur, Gohpur  Dibrugarh in Assam  & Itanagar In Arunachal Pradesh

Employment Generation Potential

80 Lakhs Man-Days of Direct & In-direct

Annual Average Daily Traffic (AADT) in FY-25

Estimated at 4680 Passenger Car Units (PCU)

 

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Acts Income Tax