Daily Current affairs and GK Update
🧠 NATIONAL NEWS – 06 FEBRUARY 2026 🇮🇳 Government & Politics Manipur Political Development President’s Rule revoked in Manipur on 4 Feb 2026. Yumnam Khemchand Singh sworn in as Chief Minister. Deputies: Nemcha Kipgen, Losii Dikho; Cabinet includes Govindas Konthoujam, Khuraijam Loken. Restores elected government after nearly one year. Pariksha Pe Charcha 2026 Annual motivational…
🔎 National News (India) Public Sector Banks (PSB) Strategic Roadmap Meet Government to host a PSB conclave in February 2026. Objective: Draft strategic plans to transform Indian PSBs into globally competitive lenders under “Viksit Bharat 2047” vision. Focus areas: Capital adequacy, global expansion, digitisation, asset quality improvement, and international banking networks. Major Government Borrowing Plan…
🗞️ National Current Affairs (India) India-US Trade Agreement Reduces Tariffs and Promotes Growth On 03.02.2026, India and the United States finalized a major trade deal to reduce U.S. tariffs on Indian exports from around 50% to 18%, aiming to boost bilateral trade volume and reduce global uncertainty in markets. India agreed to increase purchases of…
🗞️ NATIONAL AFFAIRS UNION BUDGET 2026-27 PRESENTED Finance Minister Nirmala Sitharaman presented India’s Union Budget 2026-27 with fiscal deficit target of 4.3% of GDP, capital expenditure at ₹12.2 trillion, and total outlay of ₹53.47 trillion. Focus on boosting domestic manufacturing, semiconductors (₹400 billion), bio-pharma (₹100 billion)and creation of green energy & startup incentives. Income tax…
📌 NATIONAL AFFAIRS 🔹 Union Budget 2026-27 (Presented on 01.02.2026) Finance Minister: Nirmala Sitharaman presented the Union Budget 2026-27 in Parliament, marking her ninth consecutive Budget. Fiscal Deficit Target FY 2026-27: Set at 4.3% of GDP (reduced from 4.4% in FY25-26). Capital Expenditure: Increased to ₹12.2 lakh crore, the highest ever, accounting for 4.4% of…
1. National Affairs (India) 1.1 Union Budget 2026–27 Highlights Union Budget 2026–27 presented on 01 February 2026 by the Union Finance Minister of India. Fiscal Deficit Target: Approximately 4.5% of GDP, aligned with medium-term fiscal consolidation. Capital Expenditure Allocation: Increased by over 10%, focusing on railways, highways, and digital infrastructure. Agriculture & Rural Development: Enhanced…
🔹 National Affairs (India) The Union Government approved a ₹18,500 crore National Logistics Efficiency Enhancement Programmeaimed at reducing India’s logistics cost from 13–14% of GDP to below 9% by 2030, aligning with global benchmarks. The Ministry of Education launched “AI Skilling for Bharat”, targeting training of 1 crore students in artificial intelligence and data analytics…
🌐 International Affairs 1. India–European Union Landmark Free Trade Agreement India and the European Union (EU) concluded a historic Free Trade Agreement (FTA) on 27 January 2026, described by leaders as the “mother of all deals”. The FTA is aimed at liberalising trade in goods and services between India and the 27 EU member states,…
Global & International Affairs 56th World Economic Forum concluded in Davos (19–23 Jan 2026) Annual global economic summit held at Davos, Switzerland, focused on global growth, innovation, sustainability, and cooperation. Major discussions involved geopolitical tensions, trade, climate finance, and technological governance. Key world leaders and business chiefs participated to shape policy responses for global challenges….
🇮🇳 NATIONAL AFFAIRS 1. India-EU Landmark Free Trade Agreement India and the European Union (EU) finalised a Free Trade Agreement (FTA) on 27 January 2026 after nearly two decades of negotiations. The deal is described as the “mother of all trade deals”, creating a free trade zone covering ~2 billion people and about 25% of…
