FREE Current Affairs PDF | English – 29 Jan 2026 | Banking • TNPSC • SSC

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PIB NEWS

The Minister of Petroleum and Natural Gas of India, Hardeep Singh Puri, and the Minister of Energy and Natural Resources of Canada, Timothy Hodgson, held a bilateral meeting on the sidelines of India Energy Week 2026 in Goa, where they launched the renewed India-Canada Ministerial Energy Dialogue and affirmed commitments to deepen bilateral energy trade, investments, and cooperation in clean energy technologies.

Union Minister for Electronics and Information Technology Shri Ashwini Vaishnaw interacted with semiconductor chip design companies approved under the Design Linked Incentive Scheme in New Delhi to review progress, understand innovations, and reinforce the government’s commitment to building an indigenous semiconductor design ecosystem.

Prime Minister Narendra Modi and European Commission President Ursula von der Leyen announced the conclusion of the India–European Union Free Trade Agreement at the 16th India–EU Summit, marking a historic milestone that provides unprecedented market access for Indian exports and strengthens economic partnership between the two sides.

India is strengthening its energy systems through policy reforms, infrastructure expansion, and clean energy pathways to meet its projected 23 per cent share of global incremental energy demand by 2050 while achieving 50 per cent non-fossil electricity capacity five years ahead of its 2030 target.

The India-EU Free Trade Agreement unlocks access to the $572.3 billion EU pharmaceuticals and medical devices market, enabling Indian pharma industries to scale operations, generate employment, and reinforce India’s position as the pharmacy of the world.

NITI Aayog launched three comprehensive reports on enhancing circular economy practices for End-of-Life Vehicles, waste tyres, e-waste, and lithium-ion batteries in India during the Material Recycling Association of India International Conference in Jaipur, offering actionable recommendations to strengthen resource efficiency and sustainability.

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IMPORTANT CIRCULARS

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INDUSTRY NEWS

Oil and Natural Gas Corporation and Reliance Industries signed a path-breaking agreement on 27 January 2026 to enable resource sharing for deepwater offshore exploration and production operations on India’s East Coast across Krishna Godavari basin and Andaman offshore areas.

JSW Energy is evaluating 700-megawatt pressurised heavy water reactors and 1,000-megawatt options for its first nuclear power plant by 2030 while planning a pilot plant and estimating project costs at ₹16-20 crore per megawatt.

Wood Mackenzie report states that India requires USD 145 billion annual investment in energy infrastructure to align its rapid economic growth with climate commitments through comprehensive energy transition investments.

Hindalco Industries announced a ₹21,000 crore investment for major aluminium smelter capacity expansion in Odisha to significantly enhance production capabilities and strengthen its global market position.

Union Minister Ashwini Vaishnaw announced India will develop indigenously designed and manufactured 3-nanometre chips by 2032 while supporting 50 fabless companies under Semicon 2.0 to achieve design capability for 70-75 per cent of domestic applications by 2029.

FINANCIAL NEWS

The Pension Fund Regulatory and Development Authority approved the NPS Swasthya Pension Scheme under regulatory sandbox framework as proof of concept to test health-linked pension benefits including partial medical withdrawals up to 25 per cent of contributions and premature exits for critical treatments.

The Reserve Bank of India advanced its bond purchase open market operations to January 29 and February 5 while announcing a ₹50,000 crore variable rate repo auction after 10-year G-sec yield surged to 6.72 per cent, its highest since March 2025.

The Reserve Bank of India proposed principle-based guidelines requiring banks to implement flexible relief measures including moratoriums and loan rescheduling for borrowers affected by natural calamities like floods and landslides with implementation from April 1.

Private sector capital expenditure registered decline for second straight quarter amid global economic pressures constraining corporate investment decisions across major industry segments.

NATIONAL & STATES NEWS

The Madhya Pradesh government will sign three agreements with Hindustan Thermal Projects Limited, Torrent Power Limited, and Adani Power Limited for 4,000 MW thermal power capacity involving Rs 60,000 crore investment under DBFOO model in Anuppur district with power supply from 2030.

The Uttarakhand Government implemented the Uniform Civil Code (Amendment) Ordinance, 2026 following Governor’s approval under Article 213 to introduce procedural, administrative, and penal improvements ensuring effective implementation of UCC Act 2024.

The Delhi government signed an MoU with CGTMSE to provide collateral-free loans up to Rs 10 crore to entrepreneurs across all sectors with Rs 50 crore fund supporting Rs 2,500 crore loans targeting one lakh beneficiaries initially.

The Indian Army signed a Memorandum of Understanding with the Indian Institute of Science Bengaluru and indigenous startup Indy Astra to develop a fully indigenous AI-based system addressing digital information challenges under Atmanirbhar Bharat initiative.

WORLD NEWS

The European Union and India announced a historic trade deal after nearly two decades of negotiations, aiming to deepen economic ties and boost bilateral trade relations amid evolving global geopolitical dynamics.

UNESCO announced a USD 740,000 emergency assistance package to protect Vietnam’s cultural heritage and sustain education in areas devastated by Typhoons Wipha, Bualoi, and Matmo in November 2025 which damaged thousands of homes and nearly 10,000 schools nationwide.

MISCELLANEOUS

Dr Chandrakant Lahariya, former WHO staff and leading Indian health policy researcher, received the prestigious Wiley Research Heroes Prize 2025 for outstanding research contributions that influenced national immunization policies and primary healthcare models.

Sikkim Police has been conferred with the prestigious President’s Police Colour Award, known as Nishaan, recognizing its outstanding service, professionalism, bravery, discipline, and dedication as the 15th state and 3rd in North East to receive this rare honour since Independence.

Chief of Army Staff General Upendra Dwivedi launched the book ‘Red Lines Redrawn: Operation Sindoor and India’s New Normal’ highlighting India’s successful military response to Pakistan-sponsored terrorism through precision strikes and integrated statecraft.

IndusInd Bank announced the appointment of Mr. Arijit Basu as Non-Executive Independent Director and Part-Time Chairman effective January 31, 2026 succeeding Mr. Sunil Mehta whose tenure concludes on January 30, 2026 with RBI approval for three-year term.

Prime Minister Narendra Modi expressed deep sorrow over the passing of eminent Tamil scholar Prof T Gnanasundaram on January 25, remembering his lifelong dedication to Tamil culture, literature, and scholarship that will continue inspiring generations.

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