5 Feb 2026 – FREE Current Affairs PDF | English | Banking • TNPSC • SSC

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PIB NEWS

The Union Budget FY 2026-27 introduces measures to boost investment in the capital goods sector through increased public capital expenditure, tax exemptions for toll manufacturing, and duty relief on equipment for energy transition and critical minerals processing, while highlighting the impact of PLI schemes and the Scheme for Enhancement of Competitiveness.

The Union Budget 2026–27 has announced an increase in the outlay for the Electronics Components Manufacturing Scheme (ECMS) to ₹40,000 crore

Minister of State for Women and Child Development Smt. Savitri Thakur delivered India’s national statement at the 64th Session of UN Commission for Social Development emphasizing rights-based social justice through Sabka Saath Sabka Vikas approach aligned with Viksit Bharat 2047 vision.

Bhutan’s Energy Minister Shri Lyonpo Gem Tshering met India’s Union Minister of Power Shri Manohar Lal and Minister of State Shri Shripad Naik in New Delhi to strengthen longstanding hydropower cooperation focusing on Punatsangchhu projects, Sankosh project progress, and cross-border transmission planning till 2040.

Paradip Port Authority received the First Prize at Swachhata Pakhwada Awards 2025 from Ministry of Ports, Shipping and Waterways for outstanding performance in cleanliness drives, sustainability initiatives, and community participation during Swachhata Pakhwada and Swachhata Hi Sewa 2025.

Department of Agriculture & Farmers Welfare budget allocation has substantially increased from ₹21,933.50 crore in 2013-14 to ₹1,27,290.16 crore in 2025-26, reflecting Government’s enhanced support to States through policy measures and various agricultural schemes.

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IMPORTANT CIRCULARS

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INDUSTRY NEWS

Government notified Baggage Rules, 2026 effective February 2 increasing duty-free allowance to Rs 75,000 for Indian residents and tourists of Indian origin arriving by air or sea, replacing decade-old Baggage Rules 2016 framework.

Steel PSUs plan ₹25,125 crore collective capital expenditure for FY 2026-27 marking 43.9% increase over previous fiscal with SAIL leading at ₹15,000 crore up from ₹10,000 crore in FY26.

Gujarat achieves 42.583 GW renewable energy capacity as of December 31, 2025, contributing 16.50% of India’s total and ranking first in wind power and rooftop solar installations supporting national 50% renewable electricity target by 2030.

India’s advertising sector is projected to reach Rs 1.3 lakh crore in revenue this year driven by digital advertising dominance with the industry expected to maintain low to mid-single digit growth led by e-commerce financial services and FMCG sectors.

KEC International announced new orders worth Rs 1,020 crore across civil, transportation, transmission & distribution, and cables & conductors segments in India and overseas markets taking year-to-date order intake to Rs 20,300 crore.

FINANCIAL NEWS

Department of Financial Services Secretary urged banks to formulate inclusive credit strategies targeting India’s unbanked population emphasizing customized financial products and leveraging technology for last-mile financial inclusion.

Affordable housing finance companies expect assets under management growth to moderate to 21 percent in FY26 from 23 percent in FY25 due to recalibrated underwriting standards following asset quality pressures in small-ticket loans against property segments.

India’s manufacturing PMI recovered to a two-month high of 55.4 in January from a near two-year low in December, driven by stronger new orders, improved domestic demand, and faster employment growth despite rising input costs.

Bharti AXA Life Insurance entered a strategic bancassurance partnership with Equitas Small Finance Bank to offer protection, savings, and retirement plans through the bank’s extensive branch network across 18 states and Union Territories.

India’s GDP growth could receive a 20-30 basis points boost from the US trade deal reducing tariffs from 50% to 18%, potentially crossing 7% in FY27 according to economists citing export competitiveness gains for gems, jewellery, textiles and marine products.

NATIONAL & STATES NEWS

Bihar recorded 13.1% GSDP growth in FY 2024-25 exceeding the national average of 9.8% as stated by Finance Minister Bijendra Prasad Yadav while presenting the Economic Survey during the budget session.

Andhra Pradesh Chief Minister N Chandrababu Naidu launched Pilloo AI, India’s first voice-based billing and accounting platform that enables small businesses to manage finances through spoken commands in native Indian languages without requiring accounting expertise or complex software.

The Rajasthan government has launched three new policies—Rajasthan MSME Policy-2024, Rajasthan Export Promotion Policy-2024, and Rajasthan ODOP Policy-2024—to fast-track digital entrepreneurship by making application processes fully online, thereby simplifying access to incentives and support for entrepreneurs across MSME, export, and ODOP sectors.

Cochin International Airport Limited (CIAL) has signed a Memorandum of Agreement (MoA) with the Kerala Hydrogen Valley Innovation Cluster (K-HVIC) Foundation to procure and operate three hydrogen fuel cell electric buses, marking India’s first airport deployment of such vehicles for passenger transport as part of the National Green Hydrogen Mission.

WORLD NEWS

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MISCELLANEOUS

Indian-origin climate scientist Veerabhadran Ramanathan has won the prestigious Crafoord Prize for his pioneering research on the greenhouse effect of non-CO2 gases like CFCs and atmospheric brown clouds, which has significantly advanced understanding of climate change mechanisms.

 World Wetlands Day 2026 will be observed on February 2 with the theme “Wetlands and Traditional Knowledge: Celebrating Cultural Heritage,” highlighting the vital role of indigenous practices in sustainable wetland conservation and cultural preservation worldwide.

Captain Venkateswarlu has assumed additional charge as Chairman and Managing Director of Hindustan Shipyard Limited following the retirement of the previous CMD, ensuring continuity in leadership at India’s premier shipbuilding public sector undertaking located in Visakhapatnam.

Union Bank of India has elevated Shri Sarvesh Ranjan from General Manager to Chief General Manager effective February 1, 2026, following the superannuation of Shri Bhaskara Rao Kare, with Ranjan taking charge of Central Reconciliation, Transaction Monitoring, and Anti-Money Laundering functions.

Padma Shri awardee Jesuit priest Father Thomas V Kunnunkal, renowned for serving as CBSE chairman from 1980 to 1987 and founding the National Open School (now NIOS), passed away in Delhi at the age of 99 after shaping India’s post-Independence education system.

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