Weekly News Platter
The Economic Times

Weekly News Platter

31 Jan, 2026, 05:52PM IST, PTI


Hello Reader,

In case you had a busy week, these are the top stories you need to get caught up to speed...
Budget 2026: Indian stock market to stay open on Sunday, February 1 — only the second time in historyBudget 2026: Indian stock market to stay open on Sunday, February 1 — only the second time in history
Indian stock markets will open on Sunday, February 1, 2026, for the Union Budget — only the second Sunday trading session in independent India. Exchanges will follow regular hours as FM Nirmala Sitharaman presents Budget 2026. Historically, Budget days see muted market moves, with bigger trends emerging afterwards. Read more
Who is Sunetra Pawar? Maharashtra's first woman Deputy Chief MinisterWho is Sunetra Pawar? Maharashtra's first woman Deputy Chief Minister
Sunetra Pawar has made history as Maharashtra's first woman Deputy Chief Minister. This marks a major shift from her social work background to the center of state power. Her rise follows the passing of her husband, Ajit Pawar. Pawar's journey began with her Lok Sabha contest in Baramati and her subsequent Rajya Sabha nomination. Read more

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EU FTA brings India to global high table, offers $10-trillion opportunity: Piyush GoyalEU FTA brings India to global high table, offers $10-trillion opportunity: Piyush Goyal
India has signed a free trade agreement with the European Union. This pact protects key sectors like dairy, agriculture, and fisheries. Minister Piyush Goyal described the deal as a robust and transformational partnership. The agreement brings India to the international high table. It addresses regulatory practices and protects the Indian automobile market. Read more
Economic Survey calls for 20-year city plans for all million-plus citiesEconomic Survey calls for 20-year city plans for all million-plus cities
India's Economic Survey for 2025-26 proposes mandatory 20-year city plans for urban centers. These plans will focus on transport, housing, and land value capture. The survey highlights cities as economic engines and calls for integrated planning. It notes progress in urban infrastructure and housing schemes. Future policy will prioritize dynamic, inclusive, and sustainable cities. Read more
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FD rate up to 8% for senior citizens investing for five years; Know the full list of banksFD rate up to 8% for senior citizens investing for five years; Know the full list of banks
Senior citizens can still secure fixed deposit (FD) interest rates up to 8% for a five-year term with select banks, including Suryoday Small Finance Bank. While TDS is deducted if FD interest exceeds Rs 1 lakh annually, senior citizens with zero tax liability can submit Form 15H to avoid this deduction. Read more
Pramit Jhaveri to step down from Sir Dorabji Tata TrustPramit Jhaveri to step down from Sir Dorabji Tata Trust
Pramit Jhaveri will step down as a trustee of the Sir Dorabji Tata Trust on February 11, 2026, after his current term concludes. He informed Tata Trusts chairman Noel Tata of his decision in a letter dated January 31, stating he does not wish to be considered for reappointment. Read more
Government pact to clear way for $10 billion submarine deal with GermanyGovernment pact to clear way for $10 billion submarine deal with Germany
India is set to sign a major deal for new submarines by March end. This multi-billion dollar contract with Germany will bring advanced technology. Mazagon Dockyards Limited will build six submarines in India. The deal aims to boost India's naval capabilities and create jobs. This will help address the navy's shortage of underwater platforms. Read more
Budget 2026: A make-or-break moment awaits India’s farm policyBudget 2026: A make-or-break moment awaits India’s farm policy
Budget 2026 could mark a turning point for India’s agriculture policy as the sector sits at the centre of unresolved India–US trade tensions. With Prime Minister Modi underlining that farmer interests are non-negotiable, attention is on whether the budget signals a policy reset or sticks to incremental support. Read more
US government shuts down but quick resolution expectedUS government shuts down but quick resolution expected
A US government shutdown began Saturday as Congress failed to pass a 2026 budget. Disruption is expected to be brief, with the House poised to approve a Senate deal early next week. Negotiations faltered over Democratic anger regarding protester deaths, impacting Department of Homeland Security funding. Most federal operations are affected, but a short lapse is anticipated. Read more
Trump nominates Kevin Warsh as next Fed chair, replacing Jerome PowellTrump nominates Kevin Warsh as next Fed chair, replacing Jerome Powell
President Donald Trump has nominated Kevin Warsh to lead the Federal Reserve. Warsh, a former Fed governor, is set to replace Jerome Powell. This appointment signals a potential shift in the central bank's policies. Trump has openly criticized Powell for not lowering interest rates. Warsh's nomination requires Senate approval. Read more
$3+ trillion wiped out from gold and silver in minutes and was it complete manipulation? Here's complete truth, and gold and silver price drop explained$3+ trillion wiped out from gold and silver in minutes and was it complete manipulation? Here's complete truth, and gold and silver price drop explained
$3+ trillion wiped out from gold and silver in minutes has shocked investors worldwide. Prices of gold and silver plunged sharply after record highs. Analysts point to profit-taking, market volatility, and geopolitical tensions. Many question if this rapid fall was natural or a case of complete market manipulation. Read more
Radicals step up attacks against Hindu community in BangladeshRadicals step up attacks against Hindu community in Bangladesh
Hindu minorities in Bangladesh are reportedly facing targeted violence. The Rights & Risks Analysis Group states that houses and temples are being burned, and individuals murdered. The report details specific incidents and victims. Bangladeshi authorities have dismissed a religious motive for these attacks. This denial, according to the report, emboldens fundamentalists. Victims often fear reprisal. Read more
Economic Survey 2026 tells why Indians behave in the metro but not in busesEconomic Survey 2026 tells why Indians behave in the metro but not in buses
The Economic Survey 2025-26 argues that public behavior is driven by contextual design and institutional trust, not culture. Systems with clear design, predictable enforcement, and reliable service foster cooperation, as seen in metro systems, leading to orderly conduct by making rule-following the rational choice. Read more
India to cut food weighting in CPI in new inflation seriesIndia to cut food weighting in CPI in new inflation series
India is set to revise its inflation measurement, significantly reducing food's weight in the Consumer Price Index to 36.75%. This shift aims to stabilize inflation readings, impacting monetary policy. The updated basket will reflect current spending, incorporating rural rents and e-commerce prices for a more accurate economic picture. Read more
Jio-BP unveils 'Active' technology petrol: Up to 100 km extra drive annually at no extra costJio-BP unveils 'Active' technology petrol: Up to 100 km extra drive annually at no extra cost
Jio-BP unveiled its new 'Active' technology petrol at India Energy Week 2026. This fuel is designed to clean vehicle engines, restoring performance and reliability. It promises to help Indian motorists drive up to 100 kilometers more annually without extra cost. The technology, backed by BP's global research, has been tested extensively under Indian driving conditions. Read more
Virat Kohli disappeared from Instagram? Why there is a buzz around the cricket legend's Insta accountVirat Kohli disappeared from Instagram? Why there is a buzz around the cricket legend's Insta account
Virat Kohli's Instagram account disappeared on Friday, triggering speculation online. Fans noticed that Virat Kohli's Instagram account was not appearing when users tried to search for it, leaving them concerned and puzzled. The cricketer's Instagram account was back again on Friday morning. Read more
US Treasury Secretary Scott Bessent reiterates claim that Europe is 'funding the war against itself'US Treasury Secretary Scott Bessent reiterates claim that Europe is 'funding the war against itself'
US Treasury Secretary Scott Bessent criticizes Europe's trade with India. He states Europe indirectly funds Russia's war by importing refined fuel from India made with Russian crude. This comes as India and the EU finalize a significant free trade agreement. The deal, the largest for India, aims for shared prosperity. Read more
Nipah worries: WHO says travel, trade curbs not needed after 2 cases in IndiaNipah worries: WHO says travel, trade curbs not needed after 2 cases in India
The World Health Organization has stated there's no need for travel or trade restrictions regarding India's Nipah Virus outbreak, citing the country's past success in managing such events. Authorities confirmed two cases in West Bengal, with all 196 identified contacts testing negative and remaining asymptomatic, indicating a low risk of international spread. Read more
India's wealthy embrace a new luxury symbol: waterIndia's wealthy embrace a new luxury symbol: water
In India, premium bottled water is emerging as a luxury and wellness symbol, driven by distrust of tap water and rising incomes. Avanti Mehta, India’s youngest water sommelier, recently hosted a blind tasting of French, Italian, and Indian waters, highlighting differences in taste, minerality, and health value. Read more
Trump threatens Canada with 50% tariff on aircraft sold in US, expanding trade warTrump threatens Canada with 50% tariff on aircraft sold in US, expanding trade war
President Donald Trump has threatened Canada with a significant 50% tariff on all aircraft sold in the United States. This move is a direct response to Canada's refusal to certify jets manufactured by Gulfstream Aerospace. Trump stated he will decertify Canadian aircraft, including those from Bombardier. This trade dispute escalates tensions between the two nations. Read more