31 Jan, 1 Feb & 2 Feb 2026 – FREE Current Affairs PDF | English | Banking • SSC

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PIB NEWS

The Government of India launched Swachh Bharat Mission-Urban on October 2, 2014, to make urban areas Open Defecation Free with scientific processing of municipal solid waste, followed by SBM-U 2.0 on October 1, 2021, aiming for Garbage Free Status through source segregation, door-to-door collection, and legacy dumpsite remediation across all cities including Maharashtra, Madhya Pradesh, and Dadra & Nagar Haveli.

The Indian Institute of Management Ahmedabad exchanged an MoU with Ms. Chandrika Krishnamurthy Tandon and Mr. Ranjan Tandon for establishing the Krishnamurthy Tandon School of Artificial Intelligence through a ₹100 crore endowment, witnessed by Union Minister Shri Dharmendra Pradhan, to boost India’s AI capabilities at the intersection of technology, management, and public impact.

India’s space economy has grown to $8.4 billion with 399 startups operating across launch vehicles, satellites, propulsion systems, and space-grade electronics following 2019 policy reforms including IN-SPACe establishment, as stated by Union Minister Dr. Jitendra Singh in Rajya Sabha.

Health Minister Shri JP Nadda met Canadian Natural Resources Minister Tim Hodgson on January 29, 2026 in New Delhi to strengthen potash supply security, noting Canada’s 25% share of India’s MOP imports and GSFC’s CAD 49.68 million investment in Karnalyte Resources Inc. holding 47.73% equity stake.

Steel Authority of India Limited (SAIL), India’s largest public sector steelmaker, earned ‘Great Place to Work’ certification for Feb 2026-Feb 2027, marking third year in a row based on improved TRUST INDEX score from company-wide employee survey.

Central Government issued draft Electricity (Amendment) Bill, 2025 proposing comprehensive power sector reforms for financial sustainability, competition promotion, regulatory accountability strengthening and 500 GW non-fossil capacity by 2030 aligning with Viksit Bharat @2047 vision, currently under stakeholder consultation.

Union Government released second instalment of XV Finance Commission untied grants worth ₹1,156.68 crore (AP: ₹410.76 cr, Maharashtra: ₹714.32 cr, Tripura: ₹30.6 cr + ₹0.85 cr withheld release) for FY 2025-26 to strengthen Panchayati Raj Institutions in Andhra Pradesh, Maharashtra and Tripura.

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IMPORTANT CIRCULARS

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INDUSTRY NEWS

KPI Green Energy has commenced power generation and supply from its 200 MW AC/240 MW DC grid-connected solar power project in Gujarat, which was awarded by Gujarat Urja Vikas Nigam through a competitive bidding process.

An investment of Rs 13,759 crore under the incentive scheme launched in April 2020 has generated cumulative mobile phone production of Rs 9.34 lakh crore and exports of Rs 5.12 lakh crore until September 2025 according to the Economic Survey 2025-26.

India’s internet user base crossed 950 million in 2025 driven by rapid rural connectivity growth with 57 per cent or 548 million active users from rural areas according to the IAMAI Internet in India Report 2025.

The Centre clarified that only around 50,000 tonnes of apples will be imported from the EU at 20 per cent duty with a minimum import price of Rs 80 per kg under the Free Trade Agreement ensuring a minimum effective landed price of Rs 96 per kg to protect domestic farmers.

FINANCIAL NEWS

State-owned Punjab & Sind Bank has received Reserve Bank of India approval to open a branch at the International Financial Services Centre in GIFT City Gandhinagar Gujarat marking its strategic entry into global financial services and international banking operations.

Digit Insurance has paid one of India’s first moisture index-based parametric insurance claims to around 500 farmers across 30 villages in Tonk district Rajasthan after excess soil moisture breached Water Balance Index threshold limits.

India will sharply reduce the weight of food and beverages in the Consumer Price Index basket from 45.86 per cent to 36.75 per cent in the new 2024 base-year series scheduled for release on February 12, 2026 to better capture evolving household spending patterns.

SEBI has constituted a working group to resolve regulatory overlaps between mutual fund distributors and registered investment advisers by evaluating advice scope compliance alignment and potential licensing modifications addressing long-standing conflict-of-interest concerns.

Suryoday Small Finance Bank has partnered with HyperVerge to deploy AI-powered Video KYC solution enhancing digital onboarding processes regulatory compliance and operational efficiency by doubling agent verification capacity.

NATIONAL & STATES NEWS

The Centre has established a high-level committee to strengthen Farmer Producer Organisations in Tamil Nadu following Agriculture Minister Shivraj Singh Chouhan’s visit to Erode where operational technical and market challenges were identified requiring comprehensive field-based assessment.

Maharashtra has established the country’s first dedicated menopause clinics across government hospitals and urban health facilities to provide comprehensive medical consultation, mental health counselling and screening services addressing women’s physical and emotional needs during this natural life stage.

Madhya Pradesh will observe 2026 as the ‘Year of Agriculture’ with Governor Mangu Bhai Patel announcing significantly increased agricultural budgets and multifaceted development initiatives during the 77th Republic Day function in Bhopal to strengthen farming as the rural economy’s backbone.

WORLD NEWS

The United States has officially withdrawn from the World Health Organization following President Donald Trump’s executive order citing the agency’s mishandling of the Covid pandemic and China-centric bias, terminating all funding and recalling US personnel from WHO headquarters.

French lawmakers in the National Assembly approved landmark legislation prohibiting children under 15 from accessing social media platforms following an overnight debate with President Emmanuel Macron hailing the move as a major step to protect young people’s mental health.

MISCELLANEOUS

Victoria Beckham received the Knight of the Order of Arts and Letters from the French Ministry of Culture in Paris on January 27 attended by husband David and their children wearing a signature sleek black gown that highlighted her fashion design career milestone.

Indira Gandhi International Airport Delhi won Best Aerodrome of the Year at Wings India 2026 while Bengaluru Pune and Lucknow airports received category awards with Air India excelling in domestic connectivity during the Civil Aviation Ministry ceremony at Begumpet Airport Hyderabad.

National Newspaper Day observed annually on 29 January commemorates the publication of India’s first newspaper Hickey’s Bengal Gazette by James Augustus Hickey on 29 January 1780 highlighting print media’s enduring role in democracy literacy and social transformation. (29-Jan 2026)

OPEC projects India’s oil demand will increase by 8.2 million barrels per day by 2050 driven primarily by road transportation adding 4.6  and petrochemicals emerging as a key growth pillar during Indian Energy Week presentation by Abderrezak Benyoucef.

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