FREE Current Affairs PDF | English – 27 Jan 2026 | Banking • TNPSC • SSC

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PIB NEWS

The One District One Product (ODOP) initiative, pioneered in Uttar Pradesh with Moradabad’s brassware, has scaled nationally to over 770 districts by December 2025, promoting unique district products through branding, market access, and institutional support to drive balanced regional growth and livelihoods for artisans and farmers.

The Ministry of Skill Development and Entrepreneurship (MSDE) marked significant progress in 2025 through PMKVY 4.0, PM-SETU, NAPS 2.0, PM Vishwakarma, and digital platforms like SIDH, enhancing skilling, apprenticeships, entrepreneurship, and global mobility for millions of youth across India.

The third meeting of the Inland Waterways Development Council (IWDC 3.0), held in Kochi on 23 January 2026 and chaired by Union Minister Sarbananda Sonowal, approved projects worth over ₹1,500 crore to enhance green mobility, cargo movement, and river tourism across India’s national waterways.

Indian Railways introduced the humanoid robot ASC ARJUN at Visakhapatnam Railway Station to enhance passenger safety, security, and service delivery through advanced technologies like face recognition and crowd monitoring alongside RPF personnel.

Union Minister for Development of North Eastern Region Shri Jyotiraditya M. Scindia, along with Chief Minister Dr. Manik Saha, inaugurated five projects worth ₹153.63 crore and laid foundation stones for three projects worth ₹65.26 crore in Tripura on Basant Panchami to enhance road connectivity, power access, and livelihoods in tribal areas.​

Five companies have been provisionally selected in the fourth round of the PLI Scheme for White Goods with a committed investment of ₹863 crore for air conditioner components, expected to generate ₹8,337.24 crore production and 1,799 jobs by FY 2027–28, contributing to the scheme’s overall ₹11,198 crore investment target across 85 companies.

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IMPORTANT CIRCULARS

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INDUSTRY NEWS

The World Bank approved a USD 815 million financing package for Bhutan’s 1,125 MW Dorjilung Hydropower Project, where Tata Power holds 40% stake through a PPP model with DGPC, expected to generate over 4,500 GWh annually with 80% electricity supplied to India.

The Central Electricity Authority (CEA) released a roadmap for achieving 100 GW of pumped storage hydropower by 2035-36 to meet India’s energy storage needs of 62 GW by 2029-30 and 161 GW by 2034-35, driven by non-fossil fuel capacity growth to 500 GW by 2030.

India secured eighth position among 11 countries in World Economic Forum’s AI investment ranking based on accumulated spending as a share of GDP since 2010, trailing leaders like the US and Singapore despite strong talent and adoption strengths.

Schneider Electric India committed ₹623 crore to expand its manufacturing facilities in Telangana’s Gagillapur and Shamshabad during World Economic Forum 2026 discussions in Davos, enhancing production of electrical safety products while focusing on energy transition and skill development.

FINANCIAL NEWS

The Reserve Bank of India announced measures to inject over ₹2 lakh crore into the banking system through open market operations, a USD/INR forex swap, and variable rate repo auction to ease tight liquidity conditions ahead of financial year-end.

UNCTAD reports India’s FDI inflows jumped 73% to $47 billion in 2025, driven by services, IT, R&D, and manufacturing investments supported by global supply chain integration policies, while global FDI reached $1.6 trillion.

RBI reports states’ consolidated gross fiscal deficit rose to 3.3% of GDP in 2024-25 after three years below 3%, driven by Centre’s 50-year interest-free capex loans while capital spending sustained at 2.7% of GDP.

Government approved wage hikes for 43,247 PSGIC employees (12.41% increase), 20% pay rise for 3,800 NABARD staff, and pension enhancement for 30,769 RBI retirees (1.43x basic pension), benefiting over 93,000 personnel with ₹11,000+ crore financial impact.

 HSBC Flash India Composite PMI climbed to 59.5 in January from 57.8 in December, signaling accelerated private sector growth led by stronger domestic and export orders across manufacturing and services sectors.

NATIONAL & STATES NEWS

Tata Group pledged $11 billion for India’s first Innovation City near Navi Mumbai airport offering global plug-and-play facilities, part of Maharashtra’s Rs 30 lakh crore WEF MoUs creating 30 lakh jobs across AI, data centres, and green tech.

India notified emission intensity targets for petroleum refineries, petrochemicals, textiles, and secondary aluminium under Carbon Credit Trading Scheme, bringing 208 more entities under compliance, raising total covered industries to 490.

PM Modi’s Beti Bachao Beti Padhao scheme launched 11 years ago in Panipat achieved national Sex Ratio at Birth improvement from 918 (2014-15) to 930, transforming gender attitudes through multi-stakeholder mobilization for girl child protection and education.

Fujiyama Power Systems commissioned a 1 GW solar cell manufacturing facility in Dadri, Uttar Pradesh with Rs 300 crore investment, enabling full backward integration for its 1.6 GW solar panel capacity to meet Domestic Content Requirement (DCR) norms and reduce import dependence.

WORLD NEWS

Bill Gates Foundation and OpenAI announced $50 million Horizon1000 partnership at Davos to deploy AI in 1,000 African primary healthcare clinics by 2028, starting in Rwanda to address 6 million health worker shortages through clinical protocols and administrative automation.

MISCELLANEOUS

Netaji Subhas Chandra Bose Jayanti, celebrated as Parakram Diwas on January 23, 2026, marks the 129th birth anniversary of India’s fearless freedom fighter who founded the Indian National Army and gave the iconic “Give me blood, I will give you freedom” call.

Bisleri International Pvt. Ltd., in collaboration with the National Book Trust under the Ministry of Education, Government of India, launched a comic book titled “Chhota Bheem and Vidya’s – Big Green Mission” at the New Delhi World Book Fair 2026 to promote environmental responsibility and waste management awareness among children.

IndusInd Bank appointed former SBI Managing Director Arijit Basu as Non-Executive Chairman effective January 31, 2026 replacing Sunil Mehta, bringing extensive public-private banking experience to guide strategic direction through 2029.

Tata Communications named former Airtel Business CEO Ganesh Lakshminarayanan as MD & CEO-Designate succeeding AS Lakshminarayanan retiring April 13, 2026, bringing 30+ years enterprise leadership experience in AI, digital transformation, and B2B growth.

Karnataka-born Kirtida Mekani, Singapore’s environmental champion known as “Tree Lady,” died January 19 from cardiac arrest, leaving a legacy of 76,000+ trees planted through citizen programs she pioneered over 30+ years.​

Suzlon Group became the only Indian company in Corporate Knights’ Global 100 2026 Top 10 Most Sustainable Corporations list announced at Davos WEF, recognizing its ESG roadmap execution across manufacturing, supply chain, and operations.

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