TODAYS TOP NEWS
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1. Prime Minister Narendra Modi hails Union Budget 2025 as a game-changer for country’s progress and journey towards Viksit Bharat.
2. Finance Minister Nirmala Sitharaman presents first full-fledged Budget of the third term of NDA Government; Says, Union Budget’s focus is on agriculture, rural prosperity, urban development and reforms.
3. Prime Minister Dhan-Dhaanya Krishi Yojana to be introduced in select 100 districts to enhance agricultural productivity and crop diversification.
4. A 6-year “Mission for Aatmanirbharta in Pulses” to be launched.
5. New scheme announced for socio-economic upliftment of urban workers; PM SVANidhi scheme for street vendors to be revamped.
6. UDAN Scheme to be launched for connectivity to 120 new destinations.
7. Now 6,500 more seats in IITs, and ten thousand in medical colleges and hospitals.
8. Election Commission directed the Delhi Chief Electoral Officer to take necessary steps to ensure free, fair and inducement-free Delhi assembly elections.
9. Bihar Chief Minister Nitish Kumar has hailed the Union Budget terming it as a positive and commendable budget. Mr Kumar said the budget is progressive and futuristic. He said the budget has several announcements and sops for Bihar which will accelerate the growth of the state.
10. Eight AAP MLAs joined BJP in the presence of Delhi BJP chief Virendra Sachdeva. They are Vandana Gaur, Rohit Mehraulia, Girish Soni, Madan Lal, Rajesh Rishi, BS Joon, Naresh Yadav and Pawan Sharma.
11. After the completion of the Kashmir rail link, the government has shifted its focus about providing train connectivity to Ladakh. An exercise to construct a railway track from Beri of Bilaspur to Manali-Leh has already commenced
12. In Maharashtra, the Maghi Ganesh festival is starting today and will continue till 11 February. Maghi Ganesh Jayanti, or Magh Vinayak Chaturthi, is the celebration of the birth of Lord Ganesh. The day is celebrated annually on the Chaturthi Tithi of the Shukla Paksha in the Hindu lunar month of Magh. Devotees are visiting various temples across the state on this occasion.
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LEGAL REPORT
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1. Chhattisgarh, eight Maoists have been killed in an encounter with security forces in Bijapur district.
2. Karnataka has officially been declared “Naxal-Free” following the surrender of Kotehonda Ravindra on 1 February 2025.This significant event marks the culmination of efforts to eliminate Naxalite influence in the region, with authorities confirming that all but one of the known Naxals have surrendered.
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FINANCE
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USD ₹ 87 (Approx)
💷 GBP ₹108(Approx)
€ Euro : ₹ 90(Approx)
🇨🇳 Yuan ¥ : ₹ 12
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NIFTY
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Rates in Financial Capital Mumbai
GOLD : ₹ 84,500/ 10gm (24 krt)
SILVER : ₹ 99,500/KG
1. India’s defence budget for 2025-26 reflects a persistent structural imbalance, with 68.5% of the ₹6.81 lakh crore allocation consumed by manpower-related expenses (salaries, pensions, and operational costs), leaving limited funds for modernization. This comes amid calls for increased spending to counter China’s military rise and address critical equipment shortages.
2. Budget proposes no tax on income up to 12 lakh rupees; New Tax slabs introduced.
3. Finance minister announced that the Nil Tax Slab is now extended upto 12 lakh rupees income. The Finance Minister also said that adding the standard deduction of 75 thousand rupees for salaried class, the income of 12 lakh 75 thousand per annum will not be taxed.
4. 36 additional lifesaving drugs and medicines to be fully exempted from Customs Duty.
5. The limit for tax deduction on interest for senior citizens has been doubled from 50 thousand to one lakh.
6. The loan limit under the Modified Interest Subvention Scheme will be enhanced from 3 lakh to 5 lakh rupees for loans taken through the Kisan Credit Card.
7. Credit guarantee cover for Micro and Small Enterprises proposed to be enhanced to 10 crore rupees.
8. Term loans upto 2 crore rupees for 5 lakh first time women, SCs and STs entrepreneurs proposed.
9. FDI limit for insurance sector to be raised from 74 percent to 100 percent.
10. The budget announced enhancement of investment limit for classification of MSMEs by 2.5 times and doubling of turnout limit.
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ENTERTAINMENT NEWS
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1. Monalisa Bhosle, the 16-year-old internet sensation from Prayagraj Mahakumbh, has been cast in a lead role in the upcoming film The Diary of Manipur. Directed by Sanoj Mishra, known for his previous work on The Diary of West Bengal, the film is expected to draw significant interest.
2. Ibrahim Ali Khan to make his Bollywood debut opposite Khushi Kapoor in Karan Johar’s Nadaaniyan.
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DEFENCE News
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1. The Indian government has allocated ₹6.81 lakh crore for defence in the 2025-26 Union Budget, marking a 9.5% increase from the previous year’s ₹6.21 lakh crore.
2. Air Force Station Agra celebrated a significant milestone on January 30, 2025, with the induction of its first C-295 medium tactical transport aircraft. The event featured a traditional water cannon salute as the aircraft taxied into the squadron premises, signifying a moment of pride for the station.
3. India has been ranked fourth in military strength globally according to the Global Firepower Index 2025, which evaluates the military capabilities of 145 countries based on over 60 individual factors. The top three positions are held by the United States, Russia, and China, with India following closely behind at fourth place with a Power Index score of 0.1184.
4. Launching ceremony of 9th ACTCM Barge, LSAM 23 (Yard 133) was held on 31 Jan 25 at Suryadipta Projects Pvt Ltd, Thane. Chief Guest for the launching Ceremony was Commander R Anand, AGM (COM)/ ND (Mbi).
5. The Sailing Vessel of the Indian Navy, the INSV Tarini, which is circumnavigating the globe, crossed Point Nemo on 30 January 2025. This is the Oceanic Point of Inaccessibility, the most remote location on the planet, around 2688 kilometres from the nearest landmass.
6. The inaugural edition of the Indian Navy Half Marathon will be held in New Delhi today (02 Feb) . The event will be hosted at the Jawaharlal Nehru Stadium, with the race route covering India Gate and the historic Kartavya Path.
7. The Army Medical Corps Confidential Report Management Suite (AMC CRMS) was inaugurated at the Directorate General of Medical Services (Army) by Lieutenant General Sadhna S Nair, AVSM, VSM, Director General Medical Services (Army) and Senior Colonel Commandant.
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