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

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PIB NEWS

The Union Budget 2026–27 allocates a record capital expenditure of ₹2,93,030 crore to Indian Railways for expanding high-speed connectivity, enhancing freight corridors, prioritising safety, and driving infrastructure-led growth towards Viksit Bharat.

Raksha Mantri Shri Rajnath Singh approves Miniratna Category-I status for Yantra India Limited, recognising its rapid transformation into a profit-making DPSU with significant sales and export growth since corporatisation.

Government of India launched SAUBHAGYA in 2017 achieving 100% electrification of 286 lakh willing households while RDSS sanctioned works worth Rs 6522 crore for 13.65 lakh additional households including PVTG and tribal communities.

Central Council for Research in Ayurvedic Sciences signs MoU with Berhampur University to digitize over 2,000 rare palm-leaf Ayurvedic manuscripts at South Odisha Cultural Study Centre using advanced technology for global access and research.

Indian Institute of Foreign Trade secures first position in Times B-School Ranking 2026 as a premier management institution focused on international trade with campuses across Delhi, Kolkata, Kakinada and GIFT City.

Union Budget 2026-27 allocates unprecedented Rs 7.85 lakh crore to Defence Services representing 2% of GDP with Rs 2.19 lakh crore for capital expenditure including Rs 1.39 lakh crore reserved for domestic industries post Operation Sindoor.

Union Minister Smt. Nirmala Sitharaman presents first Budget from Kartavya Bhawan inspired by three kartavyas focusing on economic growth, people’s aspirations and inclusive development across strategic sectors, education, agriculture and Purvodaya states.

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INDUSTRY NEWS

Tata Communications launches AI-ready suite comprising IZO+ Multi Cloud Network, Edge Distribution Platform, and ThreadSpan to simplify enterprise AI adoption by addressing infrastructure complexity, costs, security gaps, and performance challenges.

Power Grid Corporation of India raises FY26 capital expenditure forecast to Rs 32,000 crore from earlier Rs 28,000 crore reflecting strong execution visibility while securing seven TBCB contracts including Rs 3,626 crore Uttar Pradesh PSP transmission project.

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 power consumption increased 3.8 per cent to 142.74 billion units in January driven by heating appliances usage during intense northern cold while peak demand met rose to 245.42 GW from 237.31 GW a year ago.

Union Budget 2026-27 provides first-ever dedicated ₹600 crore allocation for three chemical parks through a challenge route on cluster-based plug-and-play model to enhance domestic production and reduce import dependency.

FINANCIAL NEWS

Finance Minister Nirmala Sitharaman proposes a high-level committee to comprehensively review banking sector ownership structures, consolidation needs, voting rights alignment, and foreign investment rules aligning with Viksit Bharat 2047 vision.

UPI transactions reached a record value of Rs 28.33 lakh crore with 21.7 billion transactions in January registering 28 per cent year-on-year growth while average daily transactions stood at 700 million.

State Bank of India launches “Chakra” Centre of Excellence to channel funding to sunrise sectors like data centres and renewable energy while Department of Financial Services directs public sector banks to focus on 2-3 sectors each for risk diversification.

India anticipates record ₹3.16 trillion dividend from RBI and state-owned financial institutions in FY27 marking 3.6% rise from current year’s ₹3.05 trillion revised estimate crucial for meeting spending needs within 4.3% fiscal deficit target.

Gross GST collections increased 6.2 per cent to over ₹1.93 trillion in January driven primarily by higher import revenues while net GST revenues grew 7.6 per cent to ₹1.71 trillion following 3.1 per cent decline in refunds.

NATIONAL & STATES NEWS

Government establishes National Shipbuilding & Heavy Industries Park Tamil Nadu (NSHIP TN) as India’s first Special Purpose Vehicle under ₹19,989 crore Shipbuilding Development Scheme creating mega shipbuilding cluster at Thoothukudi with 2,000 acres including 2 km waterfront.

Patna Bird Sanctuary in Uttar Pradesh and Chhari-Dhand in Gujarat have been added to India’s Ramsar network providing habitat to hundreds of migratory and resident bird species along with wildlife including chinkara, wolves and desert foxes.

Andhra Pradesh Economic Development Board signed MoU with FICCI-FLO to establish 30-acre Women Entrepreneurs’ Industrial Park under AP Plug and Play Policy promoting women-led entrepreneurship aligning with Chief Minister’s ‘One Family, One Entrepreneur’ vision.

WORLD NEWS

United Arab Emirates signed a cooperation agreement with the UN World Food Programme providing a US$20 million grant for emergency food assistance to Sudan conflict-affected communities including displaced populations in host countries like Chad, South Sudan, Uganda and Ethiopia.

President Donald Trump plans to launch Project Vault strategic critical minerals stockpile with $12 billion seed funding combining $10 billion US Export-Import Bank loan and $1.67 billion private capital to reduce US reliance on Chinese rare earths and other essential metals.

MISCELLANEOUS

Indian Army clinched men’s ice hockey gold medal at Khelo India Winter Games 2026 defeating Chandigarh 3-2 in thrilling final at Nawang Dorjay Stobdan Stadium Leh Ladakh showcasing dramatic comeback victory.

Devika Sihag became third Indian woman after PV Sindhu and Saina Nehwal to win BWF Super 300 title securing maiden World Tour victory at Thailand Masters when opponent Goh Jin Wei retired injured at 21-8, 6-3.

K J Somaiya Institute of Management received “Best Management Institute Supporting Sports Ecosystem & Development” award from Confederation of Sports and Recreation Industry recognizing its MBA Sports Management programme and experiential learning contributions to India’s sports education ecosystem.

Indian Coast Guard Day observed annually on February 1 honors the force’s establishment in 1977 and recognizes personnel protecting India’s coastline, fishermen, ships and marine life through maritime security, search and rescue and disaster response operations.

Sunetra Pawar became Maharashtra’s first woman deputy chief minister taking oath three days after husband Ajit Pawar’s death in plane crash on January 28 succeeding him as NCP legislature party leader in tragic circumstances.

Maybelline New York appointed Bollywood actor Kiara Advani as its new brand ambassador for India marking a strategic shift towards individuality and self-expression in beauty campaigns targeting urban young consumers.

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