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    Cabinet approves the Widening of National Highway-167 from Gudebellur to Mahabubnagar on the Hyderabad-Panaji Economic Corridor to 4-Lane Standard in ...
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February 16, 2026
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Highway widening approval advances NH 167 to four lanes under Hybrid Annuity Mode, enhancing regional connectivity and employment.
The Cabinet approved widening NH 167 from Gudebellur to Mahabubnagar to a four lane access controlled standard over 80.01 km on Hybrid Annuity Mode (HAM) under the NH (O) scheme, covering bypasses, realignments and utility shifting. The alignment connects with NH 150 and NH 167N and links multiple economic, social and logistic nodes, aiming to reduce congestion and travel time, enhance freight efficiency and multimodal integration, and generate substantial direct and indirect construction period employment.
February 16, 2026
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Project approval for underwater road rail tunnel enabling 4 lane greenfield connectivity between Gohpur and Numaligarh under EPC.
Cabinet approved a 33.7 km 4 lane access controlled greenfield corridor between Gohpur (NH 15) and Numaligarh (NH 715) including a 15.79 km twin tube TBM underwater Road cum Rail tunnel with rail provision in one tube, implemented on an EPC basis. The scope covers civil works, land acquisition, short road and rail cut and cover sections, and integration with existing highways and railway sections to deliver multimodal connectivity to airports, inland waterways, railway stations and economic, social and tourist nodes, with estimated traffic and employment implications.
February 16, 2026
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Currency depreciation driven by FII outflows and a stronger dollar, pressured further by declining forex reserves.
The rupee weakened to 90.67 against the US dollar amid FII outflows and a stronger dollar, with rising crude prices and a notable weekly decline in forex reserves cited as contributing factors; market commentary noted narrow intraday trading and flagged impending trade balance data as potentially influential.
February 16, 2026
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Rail network expansion approved to add multitrack capacity, boost freight movement and reduce emissions while improving regional connectivity.
Cabinet approved three multitracking projects (Kasara-Manmad, Delhi-Ambala, Ballari-Hosapete) under PM Gati Shakti to add third and fourth lines across 12 districts, increasing the rail network by about 389 km at an estimated combined cost of Rs 18,509 crore through 2030-31. The works are projected to generate about 265 lakh human days of construction employment, augment freight capacity by 96 MTPA, improve connectivity to roughly 3,902 villages (population ~97 lakh), reduce logistics costs and oil imports, and lower CO2 emissions for more sustainable rail operations.
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The Startup India Fund of Funds 2.0 establishes a government-backed corpus to mobilize long-term domestic venture capital, strengthen the domestic venture capital base by supporting smaller funds and AIFs, and address capital gaps. The Scheme prioritises deep tech and tech-driven innovative manufacturing, supports early-growth stage founders to reduce funding shortfalls, and promotes national reach to crowd in private investment beyond major metropolitan centres.
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Credit to G.D.P. ratio reform to expand financing and make financial institutions more agile for national development.
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February 15, 2026
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Customs enforcement underscores trade facilitation, regulatory compliance and protection of taxpayers' rights amid vigilance-driven awards and recognition.
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February 15, 2026
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Trade agreements and Budget incentives seek to expand market access and compel private investment in innovation and capacity.
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Minimum sustainable price mechanism sought to align tea production costs with prices; calls for subsidies, tariff relief, import monitoring.
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February 15, 2026
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Tariff discrimination threatens cotton farmers and textile exporters by conditioning zero-duty access on importing US cotton.
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Customs & Trade

PM Modi 'surrendered' before Trump; farmers' interests, energy security sacrificed: Cong

February 16, 2026

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New Delhi, Feb 16 (PTI) The Congress on Monday alleged that Prime Minister Narendra Modi has "surrendered" before US President Donald Trump in agreeing to the India-US interim trade deal, which, it claimed, will "devastate" the livelihoods of crores of farmers across states and sacrifice India’s energy security, digital sovereignty and economic self-reliance.

Slamming the Centre, Congress general secretary Randeep Surjewala said trade agreements should not become a path to slavery by "sacrificing a country's sovereignty", and asserted that national interest cannot be mortgaged under the guise of a trade pact.

He also demanded answers from the prime minister on this.

Terming the Indo-US interim trade deal a "one-sided and unequal agreement", Surjewala said such deals must be based on parity and mutual public interest, and not become instruments that compromise the sovereignty or livelihoods of millions.

He also claimed that 1.44 billion Indians would not accept any arrangement that weakens the country’s self-reliance.

"Trade agreements are the path to economic progress. The very foundation of trade agreements is mutual public interest on equal terms. Trade agreements should not be a path to slavery by sacrificing a country's sovereignty. National and public interests cannot be sacrificed under the guise of trade deals," Surjewala said at a press conference.

Tagging Surjewala's statement, Congress general secretary in-charge communications, Jairam Ramesh, said the former explained how this trade deal will "devastate" the livelihoods of millions of farmers across states.

"The prime minister has completely surrendered before President Trump - just as he did on May 10, 2025, when he abruptly and unexpectedly halted Operation Sindoor," Ramesh said on X.

Surjewala alleged at the presser that through the US-India trade agreement, the Modi government has sacrificed the interests of India's farmers and farms.

"India's energy security was openly compromised. Serious questions have been raised about India's digital autonomy and data privacy. Instead of standing firmly in defence of India’s interests, a helpless government compromised India's sovereignty and self-reliance,” he claimed.

People are asking whether it is a "mazboot sarkaar" (strong government) or "majboor sarkaar" (compelled government), an "Aatmanirbhar Bharat" or "America-nirbhar Bharat", he claimed.

Surjewala also said that importing American agricultural and food products into India's agricultural market is a "direct attack" on farmers' livelihoods.

"In the very first point of the February 6 Framework Agreement of the US-India trade deal, India agreed that it would open its market to US agricultural and food products without any import duty," he said.

The proposed import of products such as Dried Distillers’ Grain (DDG) or processed maize, sorghum, soybean oil and cotton would adversely impact the domestic producers and have a direct effect on the country’s biodiversity and seed purity, the Congress leader said.

Noting that India produces about 43 million metric tonnes of maize annually, compared to the United States’ 425 million metric tonnes, he asked how Indian farmers would compete if duty-free imports were allowed.

“Has the Modi government opened the doors for GM Crops in India through the back door,” he asked.

Surjewala also said that Bangladesh, which currently buys 50 per cent of its cotton from India, will now stop those imports and source it from the US, calling it a “double whammy” for Indian cotton farmers.

Point 5 of the trade agreement clearly states that, considering America's concerns, India will remove its non-tariff trade barriers, he said.

"America gives its farmers an annual subsidy of about Rs 1.45 lakh crore. In contrast, in India, a subsidy of Rs 6,000 is given per farmer family, but Rs 25,000 is taken back through expensive diesel, fertilisers, electricity, and pesticides.

"Despite this, Narendra Modi made an agreement with America that we will reduce farmers' subsidies and approve GM crops," Surjewala claimed.

The Modi government has put India’s interests at stake in the trade deal with America, he alleged.

Three issues are most critical in this (deal) – agriculture, energy security and trade terms, he said.

Surjewala also alleged that the deal essentially amounted to "playing with India's energy security".

"On February 6, US President Trump wrote in the penalty tariff order: India has promised the United States that it will not buy crude oil from Russia. Trump also wrote: The United States will monitor whether India buys crude oil from Russia, directly or indirectly.

"If this happens, the penalty will be reimposed. In the fact-sheet issued by the US president on February 9, the statement that India has promised not to buy crude oil from Russia was repeated," Surjewala said.

Between February 2022 and January 2026, India imported crude oil worth Rs 15.24 lakh crore from Russia and saved approximately Rs 1.81 lakh crore due to lower prices, he claimed.

"Now, on Trump's insistence, the Modi government will buy crude oil from the US and Venezuela, but the rates will not be cheap. In such a situation, my direct question is – isn't this playing with India's self-reliance?” Surjewala asked.

He said the main question is whether the trade agreement is based on equality or coercion.

"So, why is the Modi government agreeing to it? The country demands answers," Surjewala said. PTI ASK/SKC ARI

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