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    Trade deal with US signals India's rising global influence: Khandu
    UP to open livestock medicine centres in all blocks: Minister
    Rajasthan State Gas exploring opportunities in LNG, EV segments
    Union Budget reflects vision of developed India, boosts MP’s growth: CM Yadav
    AI Dreamliner VT-ANX's fuel control switch module replaced in 2024; airline to send it for checks
    India-US trade pact: India firewalls agri, dairy sector; sees boost to exports
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February 3, 2026
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US India trade agreement lowers tariffs to about 18% and expands market access while safeguarding domestic sectors.
The US India trade agreement lowers tariffs on Indian exports to around 18 per cent, expands market access, and aims to boost exporter competitiveness and investor confidence while incorporating domestic safeguards and balanced negotiated terms to protect key sectors and deepen bilateral economic cooperation.
February 3, 2026
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Uttar Pradesh to open livestock medicine centres in all blocks, ensure ethnomedicine and PPP veterinary services.
The Uttar Pradesh government will establish livestock medicine centres in every block with ethnomedicine availability, ensure vaccines and medicines for infectious disease control, set up pathology centres, and launch veterinary and para veterinary services via public private partnerships; a new fodder policy will provide free fodder seeds and measures target conservation and improvement of indigenous cattle alongside increased budgetary allocations.
February 3, 2026
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Rajasthan State Gas expands into LNG, CBG and EV charging network to improve availability of affordable clean energy.
Rajasthan State Gas Ltd, a state joint venture, is developing LNG, CBG and EV charging infrastructure: constructing an LNG plant at Neemrana, piloting CBG supply in Kota, and exploring LNG stations in Jaipur, Kota and along expressways plus an EV charging network within a 300-400 km radius of Jaipur to improve availability of affordable clean energy for long haul transport, mining and industrial users.
February 3, 2026
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Union Budget promotes self reliant growth for Madhya Pradesh, boosting industry, investment, exports and high tech initiatives.
Union Budget is framed as a strategic fiscal blueprint to accelerate Madhya Pradesh's economic and industrial growth by strengthening the state's financial foundation, raising investor confidence, promoting self reliance, integrating with global markets, expanding exports and attracting long term investment; it emphasizes ease of doing business, employment generation and export oriented manufacturing while supporting traditional sectors and advancing high tech initiatives such as Semiconductor Mission 2.0 and AI based technologies.
February 3, 2026
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Air India Dreamliner VT-ANX fuel control switch removed for OEM inspection after intermittent RUN-position latch issues during engine start.
Air India removed a Dreamliner VT-ANX fuel control switch module after reports it failed to remain latched in RUN during engine start; the 2024-installed module (3,440 hours of 20,000 life) is being sent to the OEM for inspection. Crew performed physical verification and monitored engine systems, with no abnormal parameters observed. Air India is inspecting fuel control switches across its 33 Boeing 787s and has completed half the fleet checks without finding issues.
February 3, 2026
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India-US trade pact lowers US tariffs to 18% while protecting sensitive agriculture and dairy sectors.
The India-US trade understanding reduces US duties on many Indian goods to 18% and provides tariff concessions through immediate eliminations, phased reductions and quota based measures, while preserving explicit safeguards excluding duty free access for sensitive agricultural and dairy products. The deal aims to boost labour intensive exports (apparel, footwear, gems and jewellery, leather, plastics, home decor) and includes a multi year procurement commitment by India for US goods, with detailed modalities to be set out in a joint statement.
February 3, 2026
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India-US trade deal prompts ministerial criticism, alleging misleading claims and sell-out of farmers' interests in parliament.
Piyush Goyal accused an opposition leader of misleading the public about the India US trade deal, asserted that disorderly opposition conduct in Parliament prevented a government statement, and defended the agreement as necessary to attract investment while rejecting claims that it "sold out" farmers' interests.
February 3, 2026
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US tariff cut on Indian carpets benefits 2.5 million weavers and boosts exports to US market.
A bilateral trade adjustment reduced US customs duty on Indian carpets from 50 per cent to 18 per cent, improving competitiveness for about USD 2 billion in annual exports to the US and directly benefiting an estimated 2.5 million weavers.
February 3, 2026
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India-US trade deal reduces US tariffs to 18%, aiding seafood and aquaculture exports from Andhra Pradesh.
The India-US trade agreement reduces US import tariffs on Indian goods to 18 percent, lowering customs duties and expanding market access for Indian exporters. This tariff concession is expected to enhance competitiveness for Andhra Pradesh aquaculture and seafood producers, enabling easier entry into US markets and promoting regional export activity.
February 3, 2026
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India US trade deal reduces reciprocal tariffs to 18%, expected to expand market access and boost labour intensive exports.
A bilateral arrangement implements a reciprocal tariff reduction to 18% on Indian goods, expanding export opportunities-especially for labour intensive sectors-while officials will finalise detailed terms and address negotiation topics such as data storage, e commerce, and domestic regulatory accommodations as part of a prospective comprehensive Bilateral Trade Agreement.
February 3, 2026
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India will restrict new Russian crude purchases in exchange for lower US tariffs while honoring prior contracts and limited exceptions.
India will restrict new crude purchases from Russia under a bilateral trade understanding with the US that lowers reciprocal US tariffs to 18 percent; refiners will honour prior contracts but cease new orders, while a limited exception or special dispensation may be made for Nayara Energy due to sanctions-related commercial constraints.
February 3, 2026
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India US trade deal lowering reciprocal tariffs narrows the current account and spurs rupee appreciation and renewed foreign inflows.
The India US trade agreement lowering the reciprocal tariff to 18% is expected to narrow the current account deficit and reopen foreign institutional investor participation, causing a marked rupee appreciation and large equity inflows, while central bank foreign exchange intervention and transitional frictions in energy sourcing may moderate these effects.
February 3, 2026
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Cricket associations face scrutiny over membership surges and alleged electoral manipulation, with calls to prioritize retired players in governance.
A legal challenge alleges the Maharashtra Cricket Association's post-2023 surge in membership was used to rig the electoral roll and favor associates of political figures; the Supreme Court highlighted irregularities in member admissions, questioned the Charity Commissioner's appointment of an administrator, emphasized that membership expansion should reserve slots for renowned retired players, and declined to disturb a High Court order staying elections while directing further adjudication by the High Court.
February 3, 2026
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Uttar Pradesh's improved governance and law-and-order are driving pharmaceutical investment and factory expansions.
Industry participants credited Uttar Pradesh's recent governance, administrative reforms and law-and-order improvements with reducing bureaucratic friction and creating conditions conducive to large-scale pharmaceutical investment, while noting availability of land, power, water and skilled labour and signalling willingness by major firms to establish manufacturing and research facilities.
February 3, 2026
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Kuninda coinage book analyzes ancient silver, copper and bronze issues and their cultural and trade significance.
A scholarly monograph analyzes Kuninda silver, copper and bronze coinage (c. 200 BCE-200 CE), interpreting symbols and inscriptions and situating the issues within the tribe's religious practices, trade activity and cultural expressions, based on a large institutional coin collection and corroborating archaeological and museum material from Punjab and neighbouring states.
February 3, 2026
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Visakhapatnam being positioned as India's IT, GCC and AI capital to attract investment and infrastructure development.
Andhra Pradesh is promoting Visakhapatnam as an IT, GCC and AI cluster through investment roadshows and a cluster-based model, leveraging social infrastructure, forthcoming airport and metro connectivity, hospitality expansion, and an expanding port network to attract IT, AI and GCC investors and position the state as a gateway to eastern markets.
February 3, 2026
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Exide expects export uplift from a European tie up and trade deals, investing heavily in lithium ion batteries and targeting debt free FY27.
Exide expects Rs 400-500 crore additional exports next fiscal from an exclusive European tie up and benefits of India US/India EU trade agreements, targeting exports at about 8-9% of revenue. The company will invest around Rs 1,400 crore in lithium ion batteries in FY'27 (Rs 500 crore in Q4), bringing total lithium ion investment to ~Rs 4,800 crore; two wheeler battery production is expected by March-April 2026. Planned capex will be funded from internal accruals with a target of remaining debt free in FY'27.
February 3, 2026
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India-US trade deal reduces reciprocal tariffs to 18%, expanding US farm exports and enabling deeper commercial cooperation.
India-US agreement reduces reciprocal tariffs on Indian goods to 18% from 25% and aims to expand US agricultural exports, serving as an initial step toward broader bilateral commercial integration and private-sector collaboration; relatedly, an India-UK FTA is described as providing strategic benefits for rules-based trade. Diplomatic activity includes meetings on critical minerals cooperation and Pakistan's invitation to Iran-US talks, while Russia reports no formal Indian notification to halt Russian oil purchases, reflecting current energy import policy communications.
February 3, 2026
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India-US trade pact preserves sensitive agriculture and dairy protections while lowering many US tariffs to 18%.
A bilateral India-US trade framework reduces US tariffs on many Indian labour intensive and manufactured exports to an effective 18 percent and removes a 25 percent punitive tariff tied to Russian oil purchases, while explicitly excluding sensitive agricultural and dairy sectors (including dairy, rice, wheat, meat, poultry, cereals, GM foods, soymeal and maize). India will grant duty concessions mirroring other FTAs-some eliminations on entry into force, phased reductions, tariff cuts and quota based concessions-and the pact includes reported procurement commitments by India to import large volumes of US goods over a multi year period.
February 3, 2026
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STT hike on F&O targets speculative trading to protect small investors, complementing existing derivatives safeguards.
The finance minister stated that increased Securities Transaction Tax rates on equity futures and options are intended to deter speculative 'satta' trading and protect small investors, citing studies showing over 90% of retail F&O trades result in losses; the change complements existing regulatory measures like higher margins, contract-size rationalisation, position limits and upfront premium collection. Separately, a tariff reduction agreement with a major trading partner was noted as likely to boost export competitiveness for affected sectors.

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