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

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PIB NEWS

India has signed MoU and agreements with 23 countries for cooperation on Digital Public Infrastructure, with UPI now live in over eight countries including the UAE, Singapore, Bhutan, Nepal, Sri Lanka, France, Mauritius and Qatar, while MoUs for Digilocker have been signed with Cuba, Kenya, United Arab Emirates and Lao People’s Democratic Republic.

Driven by the Hon’ble Prime Minister’s vision of Make in India and Atmanirbhar Bharat, the Government of India has taken several policy initiatives to develop a complete ecosystem of electronics manufacturing, resulting in significant expansion over the last 11 years with electronics production increasing six times to Rs. 11.3 lakh crore and India emerging as the world’s second largest mobile manufacturer.

The Production Linked Incentive scheme for Food Processing Industries (PLISFPI) implemented by the Ministry of Food Processing Industries has approved 169 applications across various categories, attracting a cumulative investment of about Rs. 9207 crore while creating 35 lakh metric tonnes per annum processing capacity and generating employment for 3.39 lakh persons.

The Union Government released over ₹1,133 crores as Fifteenth Finance Commission grants during FY 2025–26 to strengthen Panchayati Raj Institutions and Rural Local Bodies in Madhya Pradesh, Punjab, and Telangana through untied grants benefiting thousands of Gram Panchayats, Block Panchayats, and District Panchayats across these states.

The Department of Science and Technology launched the India–Netherlands Hydrogen Fellowship Programme on 06 February 2026 to build national capacity in hydrogen technologies through structured exposure to advanced ecosystems in the Netherlands, aligning with India’s National Green Hydrogen Mission and clean energy transition goals.

India’s domestic production of Phosphatic and Potassic (P&K) fertilizers, specifically DAP and NPKs, reached a record high of 15.76 lakh metric tonnes (LMT) in January 2026, marking the highest-ever monthly production due to the government’s pro-industry policies, timely Nutrient Based Subsidy payments, and strategic global supply agreements that ensure robust agricultural supply chains and self-reliance.

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IMPORTANT CIRCULARS

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INDUSTRY NEWS

India’s demand for Advanced Chemistry Cell (ACC) batteries is projected to rise sharply from 28 GWh in 2025 to over 700 GWh by the mid-2040s, driven primarily by electric mobility growth and large-scale energy storage needs supporting the Viksit Bharat Vision 2047, according to a comprehensive report by the India Energy Storage Alliance (IESA).

Tata Chemicals Limited announced an investment of ₹515 crore to establish a new greenfield manufacturing facility for Iodised Vacuum Salt Dried (IVSD) with 210 KTPA capacity at Valinokkam in Ramanathapuram district of Tamil Nadu, approved by the Board on February 2, 2026, to be completed within 36 months through internal accruals and/or external financing as part of capacity expansion and supply chain strengthening strategy.

IIT Madras Research Park partnered with Unicorn India Ventures to launch the ₹600 crore IITM Unicorn Frontier Fund I (with ₹400 crore greenshoe option) targeting 25-30 IP-led deep tech startups in strategic sectors like semiconductors, space, defence, robotics, quantum computing and climate tech through patient capital investments of ₹5-10 crore per startup announced at E-Summit 2026.

The Maharashtra government signed investment MoUs worth over ₹48,000 crore with automobile and steel companies including Mahindra & Mahindra’s ₹15,000 crore Nagpur manufacturing facility at Advantage Vidarbha 2026 summit to develop the region as India’s next auto and steel industrial hub led by Chief Minister Devendra Fadnavis and Union Minister Nitin Gadkari.

FINANCIAL NEWS

The Reserve Bank of India’s Monetary Policy Committee unanimously decided to maintain the policy repo rate at 5.25% with a neutral stance during its February 2026 meeting, citing stable inflation near the 4% target, resilient economic growth projected at 7.3% for FY26, and adequate liquidity conditions while emphasizing data-dependent future actions amid global uncertainties.

The Reserve Bank of India announced a customer protection framework compensating victims up to ₹25,000 for small-value digital frauds from the ₹85,000 crore Depositor Education and Awareness Fund, even if OTP was shared without malafide intent, available once-in-a-lifetime with customers bearing 15% loss as announced by Governor Sanjay Malhotra during February 2026 MPC meeting.

The Reserve Bank of India approved DICGC’s transition to a risk-based deposit insurance premium system effective April 1, 2026, replacing the uniform 12 paise per ₹100 flat rate with tiered premiums from 8 paise (safest Category A banks) to 12 paise (riskiest Category D banks), incentivizing stronger risk management while maintaining ₹5 lakh depositor coverage.

The Reserve Bank of India announced doubling the collateral-free loan limit for micro and small enterprises from ₹10 lakh to ₹20 lakh effective April 1, 2026, to adjust for inflation since the 2010 limit, enhance formal credit access, support entrepreneurial activity, and strengthen last-mile credit delivery for MSEs with limited collateral as stated by Governor Sanjay Malhotra during the February 2026 MPC meeting.

NATIONAL & STATES NEWS

West Bengal’s economy is projected to expand by 7.62% at constant prices in FY 2025-26 reaching nominal GSDP of Rs 19.91 lakh crore from Rs 16.32 lakh crore in FY25, surpassing India’s national real GDP growth forecast of 7.4% as per the Economic Review presented in the state assembly highlighting improved fiscal indicators and sustained capital expenditure since 2011-12.

The Tamil Nadu Cabinet approved 15 industrial projects worth ₹34,237 crore expected to generate 55,000 jobs across multiple districts including Chennai, Ranipet, and Tiruvallur, featuring major investments by Hyundai, Keynes Circuits, Johnson Electric, and international footwear brands as announced by Industries Minister TRB Rajaa following the meeting chaired by Chief Minister MK Stalin.

The Karnataka government introduced an automatic property mutation system that instantly updates land ownership records upon registration at sub-registrar offices, eliminating manual applications, reducing 7-15 day notice periods, and integrating with Bhoomi portal for seamless RTC updates to streamline land transactions statewide.

Alwar district in Rajasthan achieved a historic milestone by becoming the first district in India to attain 100% insurance coverage under the Centre’s ‘Insurance for All by 2047’ initiative through systematic door-to-door surveys covering 1,367 uninsured individuals across nine villages, with premiums funded by an NGO and policies issued by United India Insurance.

WORLD NEWS

The US Congress has approved USD 200 million in military assistance for Estonia, Latvia, and Lithuania through the Baltic Security Initiative within the FY2026 Defense Appropriations Act, strengthening NATO’s eastern flank capabilities amid regional security challenges.

MISCELLANEOUS

India will host the Asian Rifle/Pistol Championships 2027 in New Delhi from December 1 to 10, serving as a key qualifying event for the LA 2028 Olympics that offers eight continental quota places alongside an ISSF World Cup in April providing 12 more spots.

Royal Challengers Bengaluru clinched their second Women’s Premier League title by defeating Delhi Capitals by six wickets in a thrilling final, successfully chasing a record 204-run target through a historic 165-run partnership between Smriti Mandhana and Georgia Voll.

Indian Renewable Energy Development Agency Ltd. (IREDA) won the Silver Award in the “Excellence Award for Women in Green Energy and Energy Efficiency” category at the 6th Green Urja and Energy Efficiency Awards organised by the Indian Chamber of Commerce in New Delhi.

The world observes International Day of Zero Tolerance for Female Genital Mutilation on February 6 with renewed commitments from UN agencies to accelerate elimination efforts targeting the 2030 SDG goal amid rising prevalence affecting over 230 million girls and women.

The 16th Finance Commission chaired by Arvind Panagariya recommended retaining states’ tax share at 41% while introducing performance-based criteria including GDP contribution, fiscal discipline targets of 3.5% Centre deficit by 2030-31, and ending off-budget borrowings alongside subsidy rationalisation.

Padma Shri awardee travel writer Hugh Gantzer passed away peacefully at his Mussoorie home at age 95, celebrated for his pioneering contributions to Indian travel journalism alongside his late wife Colleen through numerous books and documentaries.

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