📌 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 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…
1. National Affairs – India Economic & Banking Updates Indian Banking Sector Health Reserve Bank of India (RBI) stress tests indicate Indian banks are in the healthiest position in a decade, with strong capital buffers able to withstand extreme shocks and improved asset quality. Gross bad loans projected to decline to 1.9% by March 2027…
National Affairs (India) The Government of India intensified its focus on infrastructure-led growth, with multiple highway, railway and logistics park projects reviewed under the PM Gati Shakti framework. The Ministry of Home Affairs strengthened border management and internal security mechanisms, particularly in sensitive regions, through technology-driven surveillance and coordination initiatives. India’s renewable energy capacity continued…
📰 Key National & Economic Developments Reserve Bank of India (RBI) appoints new Executive Director: CA Usha Janakiraman has been appointed as Executive Director of the RBI effective 1 December 2025 — a significant leadership update in India’s central banking landscape. Foreign exchange policy update — International Monetary Fund (IMF) reclassifies India’s FX regime: The…
Key Headlines & Analysis 1. National Developments The government announced the effective implementation of four new labour codes aimed at streamlining India’s complex labour law framework and boosting ease-of-doing-business conditions. A large digital-upgrade initiative was launched to strengthen food-grain storage, logistics and the Public Distribution System (PDS), aligning with India’s food security and storage infrastructure…
1. The International Monetary Fund (IMF) has revised India’s GDP growth forecast for FY 2025-26 to what percentage? A) 6.2%B) 6.4%C) 6.6%D) 6.8%Answer: ✅ C) 6.6% 2. Which state government’s delegation, led by Nara Lokesh, began a five-day investment tour to Australia under the Special Visitors Program? A) TelanganaB) Andhra PradeshC) Tamil NaduD) KarnatakaAnswer: ✅…
DPIIT and Ather Energy MoU – DPIIT under MoC&I inked an MoU with Ather Energy to bolster EV manufacturing and clean mobility ecosystem in India. – Aims include joint R&D, infrastructure expansion, and skill development in EV value chain. MoES Unveils 14 Scientific Tools – On its 19th Foundation Day in New Delhi, MoES launched…
International Affairs Israel-Gaza Conflict: Israel announced on May 19 that the first humanitarian aid trucks have entered Gaza. The country will allow “minimal aid” into the region while intensifying air and ground operations in Gaza’s second-largest city. Former US President’s Health Crisis: Former President Joe Biden revealed on May 19 that he has been diagnosed…
National Affairs India-Pakistan Tensions A ceasefire agreement between India and Pakistan came into effect on May 10, 2025, following mediation by the United States. Foreign Secretary Vikram Misri confirmed multiple ceasefire violations by Pakistan, declaring that the Indian Army would respond “adequately and appropriately.” Pakistani drones were spotted across Jammu and Kashmir, Gujarat’s Kutch region,…
