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…
1. National Economy & Banking Updates RBI Raises Ombudsman Compensation Cap – Reserve Bank of India has increased the compensation limit under its Ombudsman Scheme from ₹20 lakh to ₹30 lakh for banking customers, strengthening consumer protection in disputes with regulated financial entities. World Bank Upgrades India Growth Forecast – World Bank has raised India’s…
Q1. Which ministry launched the Aqua Life Conservation Monitoring Centre under the Namami Gange Mission in January 2026? A. Ministry of Environment, Forest and Climate ChangeB. Ministry of Jal ShaktiC. Ministry of Fisheries, Animal Husbandry and DairyingD. Ministry of Science and Technology Answer: B. Ministry of Jal Shakti Q2. Which endangered aquatic species is specifically…
National Affairs (India) Union Government Approves Revised Green Hydrogen Mission Targets The National Green Hydrogen Mission target has been revised to 7 million metric tonnes per annum by 2030, up from the earlier 5 MMT target. Total outlay under the mission now stands at ₹23,500 crore. The mission aims to reduce carbon emissions by nearly…
National Affairs Union Cabinet Approvals The Union Cabinet approved the National Digital Payments Expansion Programme 2026, aimed at increasing UPI penetration in Tier-3, Tier-4 cities and rural India. Target: 10 billion monthly digital transactions by December 2026. Nodal Ministry: Ministry of Finance in coordination with NPCI. India’s Fiscal Deficit Update India’s fiscal deficit for April–November…
National Affairs 1. Union Government Pushes Fiscal Discipline Ahead of Union Budget 2026 The Union Ministry of Finance reaffirmed commitment to fiscal consolidation with a medium-term target to reduce the fiscal deficit below 4.5% of GDP by FY 2026–27. Capital expenditure allocation for infrastructure is expected to remain above ₹11 lakh crore, focusing on railways,…
National Affairs (India) Union Government Reviews Economic Performance of FY 2025 India’s GDP growth for FY 2024–25 projected at 7.1%, driven by manufacturing, infrastructure spending, and domestic consumption. Gross Tax Revenue crossed ₹34.8 lakh crore, reflecting improved GST and direct tax compliance. Fiscal deficit contained at 5.6% of GDP, aligning with medium-term fiscal consolidation targets….
National Affairs (India) Union Government Reviews FY 2025–26 Fiscal Position Gross tax collections crossed ₹23.8 lakh crore by December 2025, reflecting a year-on-year growth of approximately 13%. Direct tax collections contributed over 55% of total tax revenue, indicating improved compliance and widening of the tax base. Fiscal deficit stood close to 58% of the Budget…
National Affairs (India) Union Government Reviews Fiscal Consolidation Roadmap The Ministry of Finance reaffirmed its commitment to reduce the fiscal deficit to below 4.5% of GDP by FY 2026. Gross tax revenue collection for FY 2025–26 (till November 2025) crossed ₹21.4 lakh crore, reflecting steady growth in GST and direct taxes. Capital expenditure focus remains…
