Trickle effect of Rupee dip — imported soybean oil is now $35/t costlier than domestic oil & $121/t above crude palm oil, prompting India to cancel ~1.3 lakh tonnes of soybean oil imports from Brazil & Argentina. US biofuel policy, Chinese soybean buying & stronger biomass diesel demand have further pushed prices higher.

Rise in domestic soybean prices despite a 37% YoY jump in Dec imports supported by MP’s BYY scheme—farmers sell in the open market & state pays the MSP price difference

Ban on Bike Taxis lifted by Karnataka HC, granting recognition as a legal mode of transport — milestone for urban mobility.

Operators must register 2-wheelers as transport vehicles or taxis; State govt retains final approval but cannot reject solely because the vehicle is a motorcycle. #Policy

European Commission President Ursula von der Leyen to Times of India on the India-Middle East -Europe Economic Corridor (IMEC)

She reached New Delhi today.
#Geopolitics #Economy

BELs new Ground Based Very-Ultra High Frequency (GBVU) Communication Jammer is now being delivered to the Indian Air Force (IAF).

The system is not only capable of intercepting, monitoring, and jamming adversarial communication signals in the 30–1,000 MHz frequency range but can also provide the range and bearing of the signal, allowing friendly combat units to lock on to the source. #Defence

Adani Ports will invest a cumulative ₹30,000 crore in Vizhinjam, including an additional ₹16,000 crore in Phase 2, scaling the deepwater port’s capacity to 5.7 million TEUs by 2029 and positioning it as a major transhipment hub for the Indian subcontinent. #Ports

#AI #Policy

🏛️ Centre calls all-party meet on Jan 27 ahead of Budget Session

💼 Union Budget 2026–27 to be presented on Feb 1, a rare Sunday sitting

📜 Around 30 sittings planned in budget session as key bills remain pending #Budget2027

The Bangladesh Textile Mills Association (BTMA) has declared an indefinite closure of all textile mills across the country effective February 1, citing crippling financial losses and the interim government’s alleged inaction in protecting domestic yarn producers.

“We will shut down no matter what. We do not have the capacity to repay bank loans,” Russell stated. He added that the industry’s capital base has been eroded by nearly 50%, and therefore, asset sales or even liquidation have become insufficient to cover outstanding debts. “Even if we sell off all our assets, it will not be possible to clear the debts,” he said.

#IndianSubcontinent
https://www.tbsnews.net/economy/industry/btma-announces-closure-all-textile-mills-1-feb-1340961

Micron will start chip production at Sanand by end-February. milestone for India’s semiconductor push. This is an OSAT facility (assembly, testing, packaging), not a wafer fab, but a crucial first step in building scale, skills and supply chains. #semiconductor #MakeInIndia

Pakistan said that if Bangladesh will be removed from T20WC they too would Boycott the tournament.

Now as Bangladesh is officially out Pakistan has announced their playing Squad for the Tournament 😂

#Sports #IndianSubcontinent

PM Modi is likely to travel to Malaysia in the first week of February #ForeignAffairs

We are aware of India's historic relationships with Russia. Encourage India to use its leverage,

– EU officials on raising Ukraine War with at India-EU Summit

#Geopolitics