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Top exam-relevant stories with MCQ-ready key points, compiled every morning from PIB, RBI and All India Radio. Latest edition: 1 February 2026.
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Finance Minister Nirmala Sitharaman has termed the 10% nominal GDP growth estimate for FY27 (starting April 1, 2026) as realistic, based on the current GDP base year. This statement is crucial for understanding India's…
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The government's annual subsidy expenditure on food, fertilizer, and fuel is projected to decrease by 4.47% to Rs 4,10,495 crore in FY27. This reduction is driven by lower estimates for food, fertilizer, and petroleum s…
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The Indian government has increased the Securities Transaction Tax (STT) on derivatives trading in Budget 2026, which has been welcomed by ace investor Shankar Sharma. Experts believe this move may curb speculation and…
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The Finance Minister defended the sharp hike in securities transaction tax (STT) on futures and options trading, citing the risks from excessive speculation in derivatives. The move aims to curb systemic risk and protec…
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The Union Budget 2026 plans to boost employment through the tourism sector by upskilling tourist guides and developing a Buddhist circuit in the Northeast region. The government also aims to set up a National Destinatio…
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The Union Budget 2026 has allocated Rs 5,000 crore over five years to create city economic regions (CERs) in Tier II and III cities and temple towns. These CERs will receive competitive, results-based financing to drive…
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Finance Minister Nirmala Sitharaman presented the Union Budget, focusing on investments and growth. The budget was prepared at Kartavya Bhavan, and members exchanged greetings and offered condolences. Prime Minister Nar…
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The government has significantly increased the budget allocation for roads and highways to Rs 3.10 lakh crore for the upcoming fiscal year. This increased funding will drive the development of national highways and expr…
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The Finance Minister announced tax benefits for cooperative societies, including deductions for profit from cattle feed and cotton seed supply, exemption for inter-cooperative dividend income, and a tax exemption for di…
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The Union Budget 2026 introduced an Infrastructure Risk Guarantee Fund to provide partial credit guarantees to lenders, empowering them to finance infrastructure projects in Tier-II and Tier-III cities. This move aims t…
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The government plans to focus on developing tier II and tier III cities, including temple towns, by providing them with modern infrastructure and basic amenities. A budget of Rs 5000 crore per city economic region is pr…
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The Union Budget 2026-27 proposes a significant increase in central assistance to Jammu and Kashmir, with over Rs 43,290 crore allocated. This funding boost aims to support the Union Territory's development and recovery…
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The Ministry of External Affairs (MEA) has been allocated a budget of Rs 22,118 crore in the Union Budget for 2026-27. This represents an increase in the ministry's total budget. Notably, Bhutan receives the largest dev…
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The Indian government has not allocated any funds for the Chabahar port project in its latest Union Budget. This move comes as the United States has imposed sanctions on Iran, and the US waiver for the Chabahar project…
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The government has allocated a significant financial boost of over Rs 95,000 crore for the new Viksit Bharat-Guarantee for Rozgar Aajeevika Mission (Grameen) or VB-G RAM G scheme, which will succeed the long-standing MG…
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The Union Budget 2026-27 allocates Rs 299 crore for training government employees domestically and internationally, and an additional Rs 65 crore for administrative reforms, including e-governance and public grievance r…
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India is facing a warmer and drier February after an unusually warm January, which poses risks to key winter crops like wheat, rapeseed, and chickpeas. Higher temperatures could accelerate crop growth, leading to yield…
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The Indian government has doubled the tax holiday for new businesses in the GIFT City financial hub from 10 years to 20 years, aiming to attract global reinsurers and position it as a key gateway for international capit…
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The Indian government plans to establish 'SHE Marts', community-owned retail outlets for women entrepreneurs from self-help groups. This initiative aims to empower women economically by enabling them to own and operate…
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The Union Budget 2026-27 has focused on skilling and upskilling across the healthcare and tourism sectors, with a 62% increase in budgetary allocation to the Ministry of Skill Development and Entrepreneurship. This move…
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The Union Budget 2026-27 has allocated over ₹1 lakh crore for healthcare, the highest ever. This signals a major policy shift, with a focus on improving access and affordability, particularly in mental health infrastruc…
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The Union Budget 2023-24 announced the setting up of five regional medical hubs to boost medical tourism in the country. This move aims to strengthen India's position as a global healthcare destination by leveraging its…
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The Union Budget 2026 has lowered the fiscal deficit target for FY27 to 4.3%, indicating a slower pace of fiscal consolidation. Experts attribute this moderation to a fall in the Centre's gross tax to GDP ratio. This ch…
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The Union Budget 2026 highlighted infrastructure projects across 14 states, including rail, heritage, and industrial corridors. These strategic investments aim to boost economic growth and development in these regions.…
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