TODAYS TOP NEWS
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1. Prime Minister Narendra Modi on Sunday announced the renaming of Adampur Airport in punjab after Sri Sant Guru Ravidas Ji, describing the move as a tribute to the saint’s enduring ideals of equality, dignity and selfless service. The announcement was made during an event in Jalandhar to mark Guru Ravidas’ birth anniversary.
2. Union Budget 2026-27 has earmarked ₹1,102 crore for expenses related to the Council of Ministers, the Cabinet Secretariat, the Prime Minister’s Office, and official hospitality and entertainment, reflecting a rise over the previous year’s revised estimate. The allocation highlights increased administrative and protocol-related spending at the highest levels of government.
3. Union Budget 2026-27 has announced the establishment of Self-Help Entrepreneur (SHE) Marts as community-owned retail outlets to strengthen women-led enterprises and deepen the self-help group ecosystem across states. The initiative is expected to provide a structured market platform for products made by women entrepreneurs, with Jharkhand emerging as a key beneficiary due to its strong SHG base.
4. Union Budget 2026-27 proposes ₹12.2 lakh crore public capex with high-speed rail corridors, freight corridors, waterways, CCUS, and city economic regions to drive growth, sustainability and private investment confidence.
5. Railway Budget 2026 allocates a record ₹2.93 lakh crore capex to Indian Railways, with plans for 7 high-speed rail corridors, network expansion, and modernisation to boost connectivity and economic growth.
6. Finance Minister Nirmala Sitharaman announced that the Income Tax Act, 2025 will come into effect from 1 April 2026. The move is aimed at simplifying tax laws, improving compliance, and reducing disputes. Alongside this, the Budget introduced several important changes in TCS rates, share buyback taxation, securities transaction tax, and MAT rules, marking one of the most comprehensive direct tax reform packages in recent years.
7. Union Budget 2026-27 has announced a major expansion of India’s ground-based astronomy infrastructure, with plans to establish and upgrade four key facilities across Ladakh and southern India. Finance Minister Nirmala Sitharaman said the initiatives will strengthen India’s capabilities in solar physics, deep-space observation and public science education.
8. Union Budget 2026-27 has announced the launch of Bharat-VISTAAR, a multilingual artificial intelligence-based advisory platform aimed at improving farm productivity and reducing risks for farmers.
9. Union Budget 2026-27 has announced the establishment of India’s second national mental health institute and a major expansion of trauma care services, signalling a renewed policy focus on addressing long-standing gaps in psychiatric and emergency healthcare.
10. Union Budget 2026-27 has allocated ₹73,990.94 crore to the Department of Telecommunications, reflecting a moderation in headline spending even as capital support for the state-owned telecom operator BSNL has been significantly strengthened.
11. Union Budget 2026-27 has proposed an excise-duty exemption on the biogas or compressed biogas (CBG) component in blended compressed natural gas, signalling a stronger policy push to scale up renewable gas use and reduce India’s dependence on imported fossil fuels.
12. Cigarette prices are set to rise sharply from February 2026 following the introduction of a new excise duty and cess regime on tobacco products, marking India’s first tax hike on cigarettes in nearly seven years.
13. President Smt. Droupadi Murmu yesterday attended the opening of the Amrit Udyan Winter Annual Edition 2026 in New Delhi. The President’s Secretariat, in a statement said that the Amrit Udyan of Rashtrapati Bhavan will remain open for public from 3rd of this month till 31st March.
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LEGAL REPORT
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1. Karnataka Governor Thaawar Chand Gehlot has reserved the Karnataka Hate Speech and Hate Crimes (Prevention) Bill, 2025 for the consideration and assent of the President, citing serious constitutional, legal and procedural concerns. The move pauses the enactment of the legislation passed by the state legislature during its winter session in Belagavi in December 2025. The Governor has exercised powers under Articles 200, 201 and 254 of the Constitution of India to forward the Bill for presidential assent.
2. West Bengal Chief Minister Mamata Banerjee has moved the Supreme Court challenging the ongoing Special Intensive Revision (SIR) of electoral rolls in the state. Banerjee filed the petition on January 28.
3. IndiGo flight makes emergency landing in Varanasi after bomb threat
02 February 2026. The police said that a note claiming that there was a bomb in the aircraft was found written on a piece of paper, triggering an alert.
4. A memorial of late Maharashtra Deputy Chief Minister Ajit Pawar will be set up on the premises of Vidya Pratishthan, the educational institution founded by the Pawar family in Baramati, a close aide said on Sunday. Ajit Pawar (66) and four others were killed in a plane crash near the airstrip at Baramati airport on January 28.
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DEFENCE News
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1. Budget 2026 raises India’s defence spending by 15.3% to ₹7.84 lakh crore. Capital outlay, Make in India push, defence exports, and post-Pakistan conflict lessons shape India’s renewed focus on military self-reliance and readiness.
This, ₹3.65 lakh crore is for defence services revenue, ₹2.19 lakh crore for capital outlay, and ₹1.71 lakh crore for pensions.
Capital expenditure alone rose by 21.8%, signalling a clear focus on modernisation, new platforms and equipment acquisition.
2. Air Marshal Inderpal Singh Walia yesterday assumed the appointment of Air Officer Commanding-in-Chief, Eastern Air Command in New Delhi. He was commissioned in the Fighter stream of the Indian Air Force in June 1988. The Air Officer is qualified on all variants of the MiG-21, MiG-23, MiG-27, Jaguar and Su-30 MKI. He is also a recipient of the Vayu Sena Medal and Ati Vishisht Seva Medal.
3. Indian Navy Organizes Half-Marathon in Delhi, Over 13,500 Participated. Indian Navy Organizes Half-Marathon in Delhi, Over 13,500 Participate
Union Youth Affairs and Sports Minister Mansukh Mandaviya has said that the Indian Navy not only safeguards the country’s coasts but also promotes initiatives such as the Fit India Movement for the social cause.
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FINANCE
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INDIAN RUPEE VALUE
💷 GBP ₹123(Approx)
€ Euro : ₹107(Approx)
USD ₹ 91(Approx)
🇨🇦 Canada :CAD ₹66
🇦🇺 Australia : ₹ 61
🇦🇪 UAE Dirham : ₹ 25
🇨🇳 China Yuan ¥ : ₹ 13
🇲🇻 Maldives Rufiya : ₹ 5.88
🇧🇹 Bhutan ngultrum : ₹ 1.00
🇳🇵 Nepal Rupee : ₹ 0.63
🇧🇩 B’desh Taka* : ₹ 0.70
🇵🇰 Pak Rupee : ₹ 0.32
🇱🇰 Sri Lanka Rupee : ₹ 0.29
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BSE SENSEX
82,269.78 −296.59 (0.36%)🔻
NIFTY
25,320.65 −98.25 (0.39%)🔻 —————————————
Rates in Financial Capital Mumbai
GOLD : ₹ 16,200/ 01gm (24 krt)
SILVER : ₹ 320,000/KG
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ENTERTAINMENT NEWS
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Arijit Singh’s decision to step away from playback singing can be looked at as resistance, not retirement. By rejecting a broken, compliance-driven system, the singer seems to have chosen autonomy over industry approval. Singer and composer Arijit Singh has announced that he was stepping away from playback singing. The 38-year-old, who has collaborated with global pop icons like Ed Sheeran, made his announcement on Instagram in Week.
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