Daily Current Affairs January 31 & February 01

Dear Champions, as you all know that a lot of competitive exams have been notified consequently. Candidates have to prepare themselves according to the level of competition and expectation of the Recruitment board. Regarding that one of the most important topic is Daily Current Affairs January 31 & February 01. Current Affairs in the form of contemporary events of national & international play a crucial role in almost every competitive exams like Banking, Insurance, SSC, UPSC, TNPSC, Railway etc.

Current affairs are the most dynamic yet scoring among all sections and need to be prepared from the right source. Here, we cafunsta team, providing Daily GK Updates, Current Affairs Questions, and Monthly current affairs pdf.

TO PURCHASE OUR BANKING AWARENESS (Latest Edition) – CLICK HERE

January 31 & February 01 | Daily Current Affairs 2025

Important Days – Daily Current Affairs January 31 & February 01

1. Which species of zebra is currently classified as endangered according to International Zebra Day reports?
A) Plains zebra
B) Mountain zebra
C) Grevy’s zebra
D) Somali zebra
E) Desert zebra
Answer: C) Grevy’s zebra

Event and Location:

  • Event: Observation of International Zebra Day to raise awareness on zebra conservation
  • Location: Global (Primarily Africa: Kenya, Ethiopia, Namibia, South Africa)
  • Date: 31 January 2026

Mandates and Objectives:

  • Mandates: International wildlife organizations observe 31 January as International Zebra Day through campaigns, educational outreach, and conservation advocacy.
  • Objectives: Raise awareness about the threats faced by zebras, promote conservation of endangered species (especially Grevy’s zebra), and highlight zebras’ ecological importance in African grassland ecosystems.

Important Terms Explained:

  • International Zebra Day: A global observance day marked on 31 January to spread awareness on zebra protection and biodiversity conservation.
  • Grevy’s Zebra: The largest and most endangered zebra species, native to East Africa, threatened by habitat loss and water scarcity.
  • Biodiversity Conservation: Efforts to protect species, habitats, and ecosystems to ensure sustainable coexistence of humans and wildlife.

Tabular Summary:

Parameter Details
Event name International Zebra Day 2026
Announcement date 31 January 2026
Location Observed globally, focused on African regions
Issuing authority Conservation NGOs, wildlife groups, IUCN-supported
Policy/series name Global Species Conservation Initiatives
Key figures Grevy’s Zebra, wildlife activists, conservationists
Purpose/reason To spread awareness about zebra threats and extinction risks
Feature details Focus on education, advocacy, online campaigns
Validity or status Annual global observance
Strategic/significant value Protect biodiversity, support endangered species survival

Sports – Daily Current Affairs January 31 & February 01

2. Who became the oldest man in the Open Era to reach the Australian Open final, breaking a 53-year-old record in 2026?
A) Roger Federer
B) Ken Rosewall
C) Rafael Nadal
D) Novak Djokovic
E) Andy Murray
Answer: D) Novak Djokovic

Event and Location:

  • Event: Novak Djokovic becomes oldest Australian Open men’s finalist in Open Era
  • Location: Melbourne, Australia (Rod Laver Arena)
  • Date: January 30, 2026

Mandates and Objectives:

  • Mandates: Djokovic reached the final of the 2026 Australian Open by defeating Jannik Sinner in a five-set semifinal.
  • Objectives: To chase his 11th Australian Open title and a historic 25th Grand Slam win while demonstrating athletic longevity.

Important Terms Explained:

  • Open Era: The period in tennis beginning in 1968 when Grand Slam tournaments allowed professional players to compete with amateurs.
  • Grand Slam: The four major tennis tournaments: Australian Open, French Open, Wimbledon, and US Open. Winning all four in a single year or career is a rare feat.
  • Ken Rosewall: An Australian tennis legend who, at age 37 in 1972, held the previous record as the oldest Australian Open men’s finalist in the Open Era.

Tabular Summary:

Parameter Details
Event name Djokovic becomes oldest Australian Open finalist
Announcement date January 30, 2026
Location Melbourne, Australia
Issuing authority Australian Open / ITF
Policy/series name Australian Open 2026
Key figures Novak Djokovic, Jannik Sinner, Carlos Alcaraz
Purpose/reason Pursuing 25th Grand Slam and 11th Australian Open title
Feature details 5-set semifinal win vs Sinner in 4+ hour match
Validity or status Final match scheduled vs Carlos Alcaraz
Strategic significance Highlights Djokovic’s longevity and elite fitness at age 38

3. Who won the Australian Open 2026 Women’s Singles title?
A) Aryna Sabalenka
B) Iga Swiatek
C) Coco Gauff
D) Elena Rybakina
E) Jessica Pegula
Answer: D) Elena Rybakina

Event and Location:

  • Event: Elena Rybakina wins Australian Open 2026 Women’s Singles Final
  • Location: Rod Laver Arena, Melbourne, Australia
  • Date: January 31, 2026

Mandates and Objectives:

  • Mandates: Elena Rybakina defeated World No. 1 Aryna Sabalenka to win her maiden Australian Open title
  • Objectives: To claim her second Grand Slam title and strengthen her position among the top global women’s tennis players

Important Terms Explained:

  • Grand Slam: The four major tennis tournaments—Australian Open, French Open, Wimbledon, and US Open
  • Australian Open: The first Grand Slam of the year, held annually in Melbourne, played on hard courts
  • Break of Serve: A situation in tennis when the server loses a game to the receiving player

Tabular Summary:

Parameter Details
Event name Australian Open 2026 – Women’s Singles Final
Announcement date January 31, 2026
Location Melbourne, Australia
Issuing authority Women’s Tennis Association (WTA)
Winner Elena Rybakina
Runner-up Aryna Sabalenka
Scoreline 6-4, 4-6, 6-4
Significance Rybakina’s first Australian Open and second career Slam
Previous Grand Slam Win Wimbledon 2022
Match duration Over 2 hours (approx.)
Key moment Rybakina’s comeback from 0-3 down in third set
Status Concluded – Rybakina crowned 2026 champion

4. What is the name of the long-term sports ecosystem initiative announced in Union Budget 2026-27?
A) Fit India Program
B) India Sports Vision 2030
C) Mission Olympic Gold
D) Khelo India Mission
E) National Sports Renaissance
Answer: D) Khelo India Mission

Event and Location:

  • Event: Launch of sports manufacturing initiative and Khelo India Mission
  • Location: India
  • Date: February 1, 2026

Mandates and Objectives:

  • Mandates:
    • The Budget proposes a dedicated initiative for sports goods manufacturing and announces the Khelo India Mission to develop sporting talent and infrastructure over the next decade.
  • Objectives:
    • To enhance India’s self-reliance and global competitiveness in sports goods manufacturing, and to systematically nurture sporting talent, improve sports infrastructure, and promote professional excellence in Indian sports.

Important Terms Explained:

  • Khelo India Mission:
    • A national program proposed in Union Budget 2026-27 aimed at developing India’s sports ecosystem over the next decade through structured talent development and coaching infrastructure.
  • Dedicated Sports Goods Initiative:
    • A focused initiative to promote domestic manufacturing, innovation, and research in sports equipment and materials for global competitiveness.
  • Kartavya Framework:
    • The philosophical foundation of Budget 2026, which includes three duties: sustaining economic growth, fulfilling citizen aspirations, and ensuring inclusive development. This initiative aligns with the first and second kartavyas.

Tabular Summary:

Parameter Details
Event name Sports Goods Manufacturing & Khelo India Mission
Announcement date February 1, 2026
Location India
Issuing authority Ministry of Finance / Ministry of Youth Affairs and Sports
Policy/series name Union Budget 2026-27
Key figures FM Nirmala Sitharaman, Minister Anurag Thakur
Purpose/reason Promote sports manufacturing and long-term sports ecosystem development
Feature details Sports innovation, equipment R&D, talent development centres, coaching, science support
Validity or status 10-year mission outlook
Strategic/significant value Boosts employment, exports, self-reliance, and India’s performance in global sports

5. Who became the youngest male player to complete a Career Grand Slam by winning the Australian Open 2026?
A) Novak Djokovic
B) Rafael Nadal
C) Daniil Medvedev
D) Carlos Alcaraz
E) Jannik Sinner
Answer: D) Carlos Alcaraz

Event and Location:

  • Event: Carlos Alcaraz wins Australian Open 2026, completing Career Grand Slam
  • Location: Melbourne, Australia
  • Date: February 1, 2026

Mandates and Objectives:

  • Mandates:
    • Carlos Alcaraz defeated Novak Djokovic in the Australian Open 2026 men’s singles final.
  • Objectives:
    • To win his first Australian Open title and complete a Career Grand Slam, becoming the youngest male tennis player to achieve the feat.

Important Terms Explained:

  • Career Grand Slam:
    • Winning all four major tennis tournaments (Australian Open, French Open, Wimbledon, US Open) at least once in a player’s career.
  • Australian Open:
    • The first of the four annual Grand Slam tennis tournaments held in Melbourne, known for hard-court play.
  • Generational Shift:
    • A transition period in sports where a new generation of athletes begins to dominate, replacing long-standing legends.

Tabular Summary:

Parameter Details
Event name Australian Open 2026
Announcement date February 1, 2026
Location Melbourne, Australia
Issuing authority International Tennis Federation (ITF)
Policy/series name Grand Slam Tennis
Key figures Carlos Alcaraz, Novak Djokovic
Purpose/reason Completion of Career Grand Slam by Alcaraz
Feature details Alcaraz beat Djokovic in 4 sets: 2–6, 6–2, 6–3, 7–5
Validity or status Historic record; youngest to achieve the feat
Strategic/significant value Symbolises generational shift in men’s tennis

 

Ranking – Daily Current Affairs January 31 & February 01

6. For which year has SAIL received the ‘Great Place to Work’ certification for the third time in a row?
A) 2024–25
B) 2025–26
C) 2026–27
D) 2023–24
E) 2027–28
Answer: C) 2026–27

Event and Location:

  • Event: SAIL certified a Great Place to Work for third consecutive year
  • Location: India (SAIL Corporate Offices and Plants Nationwide)
  • Date: January 29, 2026

Mandates and Objectives:

  • Mandates: Certification awarded by Great Place to Work Institute to SAIL for 2026–27
  • Objectives: Recognise excellence in workplace culture, employee trust, and organisational HR reforms

Important Terms Explained:

  • Great Place to Work Certification: A globally recognised certification assessing employee satisfaction and organisational culture using metrics like the Trust Index
  • Trust Index Score: A survey-based score measuring employee perception of credibility, respect, fairness, pride, and camaraderie in the workplace
  • Maharatna PSU: A classification by the Indian Government that provides enhanced autonomy to top-performing public sector enterprises

Tabular Summary:

Parameter Details
Event name SAIL certified as Great Place to Work
Announcement date January 29, 2026
Location India-wide recognition
Issuing authority Great Place to Work Institute
Policy/series name Great Place to Work Certification 2026–27
Key figures Amarendu Prakash (SAIL Chairman), IIM & XLRI as training partners
Purpose/reason Recognising progressive workplace culture in a Maharatna PSU
Feature details Employee trust surveys, HR reforms, training programmes, Trust Index rise
Validity or status Certification valid from Feb 2026 to Feb 2027
Strategic significance Improves SAIL’s employer brand and aligns with PSU modernisation reforms

Banking and Finance – Daily Current Affairs January 31 & February 01

7. Which major tax reform announced in Union Budget 2026 is set to come into effect from April 1, 2026?
A) Goods and Services Tax Amendment
B) Digital India Tax Framework
C) New Income Tax Act
D) Unified Corporate Tax Code
E) Financial Transactions Regulation Bill
Answer: C) New Income Tax Act

Event and Location:

  • Event: Presentation of the Union Budget 2026 and announcement of new tax reforms
  • Location: India (Parliament, New Delhi)
  • Date: 1 February 2026

Mandates and Objectives:

  • Mandates: Union Budget 2026 was presented by Finance Minister Nirmala Sitharaman, introducing structural tax reforms, increasing capital expenditure, boosting manufacturing, and supporting inclusive growth.
  • Objectives: The budget aims to accelerate economic growth, simplify tax compliance, enhance infrastructure development, and strengthen fiscal responsibility.

Important Terms Explained:

  • New Income Tax Act: A comprehensive tax legislation replacing the old Income Tax Act, aimed at reducing litigation and modernising the direct tax framework from FY 2026–27.
  • Safe Harbour Rules: Predefined profit margins set by tax authorities to reduce transfer pricing disputes for businesses, now expanded to various IT services and cloud infrastructure providers.
  • Fiscal Deficit: The shortfall between government revenue and expenditure, estimated at 4.4% of GDP for FY26, showing improved fiscal discipline.

Tabular Summary:

Parameter Details
Event name Union Budget 2026
Announcement date 1 February 2026
Location India (New Delhi)
Issuing authority Ministry of Finance
Policy/series name Union Budget FY26
Key figures Nirmala Sitharaman (Finance Minister)
Purpose/reason Tax simplification, economic growth, fiscal prudence
Feature details Tax exemptions, capital expenditure hike, digital economy incentives
Validity or status Effective from FY26–27
Strategic/significant value Structural reforms, enhanced ease of doing business, increased global competitiveness

8. Which four coastal states have been identified in Union Budget 2026 for developing rare earth corridors?
A) Gujarat Maharashtra Odisha Tamil Nadu
B) Odisha Kerala Andhra Pradesh Tamil Nadu
C) Kerala Karnataka Tamil Nadu Andhra Pradesh
D) Odisha Andhra Pradesh Maharashtra Telangana
E) Tamil Nadu Kerala Gujarat Karnataka
Answer: B) Odisha Kerala Andhra Pradesh Tamil Nadu

Event and Location:

  • Event: Announcement of rare earth corridors for strategic mineral manufacturing
  • Location: Odisha, Kerala, Andhra Pradesh, Tamil Nadu
  • Date: 1 February 2026

Mandates and Objectives:

  • Mandates: The Union Budget 2026 announced dedicated rare earth corridors in four coastal states to enhance domestic mining, processing, and magnet manufacturing.
  • Objectives: To reduce India’s dependence on imported rare earth materials, strengthen high-tech and defence industries, and promote domestic manufacturing through integrated value chains.

Important Terms Explained:

  • Rare Earth Corridors: Industrial zones focused on the extraction, processing, and production of rare earth elements critical to strategic industries like defence and electronics.
  • REPM Scheme: The Scheme to Promote Manufacturing of Sintered Rare Earth Permanent Magnets, launched in November 2025, with an outlay of ₹7,280 crore to build 6,000 MTPA manufacturing capacity.
  • Tool Rooms: Digitally enabled automation hubs proposed to support high-precision manufacturing in sectors such as aerospace, defence, and semiconductors.

Tabular Summary:

Parameter Details
Event name Launch of Rare Earth Corridors
Announcement date 1 February 2026
Location Odisha, Kerala, Andhra Pradesh, Tamil Nadu
Issuing authority Ministry of Finance
Policy/series name Rare Earth Permanent Magnet (REPM) Scheme
Key figures Nirmala Sitharaman (Finance Minister)
Purpose/reason Strengthen rare earth-based industries, reduce imports
Feature details ₹7,280 crore scheme, 6,000 MTPA REPM capacity, tool rooms
Validity or status Proposed in Union Budget 2026–27
Strategic/significant value Enhance self-reliance, defence, EV, and electronics sectors

9. What is the purpose of SBI’s newly launched initiative ‘CHAKRA’?
A) To boost rural microfinance only
B) To simplify digital banking services
C) To fund traditional infrastructure projects
D) To finance sunrise sectors and build institutional expertise
E) To replace all existing loan mechanisms
Answer: D) To finance sunrise sectors and build institutional expertise

Event and Location:

  • Event: Launch of CHAKRA, a Centre of Excellence by SBI
  • Location: India (national level)
  • Date: January 31, 2026

Mandates and Objectives:

  • Mandates: SBI launched CHAKRA to serve as a Centre of Excellence for financing India’s emerging sunrise sectors
  • Objectives: To create institutional capability, reduce risk perception, and responsibly finance future-critical sectors such as green hydrogen, semiconductors, and EVs

Important Terms Explained:

  • CHAKRA: Stands for Centre of Excellence for Sunrise Sectors, a specialised SBI platform to guide financing in emerging industries
  • Sunrise Sectors: Fast-growing, innovation-driven industries such as green hydrogen, semiconductors, EVs, and data centres
  • ₹100 Lakh Crore Capital Requirement: Estimated total investment needed over five years for eight identified sunrise sectors in India

Tabular Summary:

Parameter Details
Event name Launch of CHAKRA by SBI
Announcement date January 31, 2026
Location India
Issuing authority State Bank of India
Policy/series name CHAKRA (Centre of Excellence for Sunrise Sectors)
Key figures Challa Sreenivasulu Setty (Chairman, SBI)
Purpose/reason To support lending in innovation-led sectors of future growth
Feature details Expert hub, knowledge-sharing, structured evaluation models
Validity or status Active, long-term strategic initiative
Strategic value Supports India’s clean energy, digital and manufacturing goals

10. What are the three kartavyas outlined in Union Budget 2026 by FM Nirmala Sitharaman?
A) Education reform digital inclusion and fiscal prudence
B) Job creation export boost and urban development
C) Speeding growth fulfilling aspirations and inclusive development
D) Financial stability tax relief and Make in India
E) Industrial policy defence spending and healthcare expansion
Answer: C) Speeding growth fulfilling aspirations and inclusive development

Event and Location:

  • Event: FM Sitharaman outlines three kartavyas guiding Union Budget 2026
  • Location: India (National level)
  • Date: 1 February 2026

Mandates and Objectives:

  • Mandates: The Union Budget 2026 is guided by three kartavyas—duties focusing on economic growth, human development, and inclusive access.
  • Objectives: To accelerate economic growth, empower citizens through capacity-building, and ensure balanced, inclusive development across all regions and communities.

Important Terms Explained:

  • Kartavyas: Guiding duties or responsibilities set by the Finance Minister to shape economic planning and execution in India.
  • Inclusive Access: Ensuring equitable access to resources, opportunities, and services for all communities and sectors.
  • Capacity Building: Enhancing the skills, education, health, and employability of individuals to help them contribute actively to economic development.

Tabular Summary:

Parameter Details
Event name Three Kartavyas guiding Union Budget 2026
Announcement date 1 February 2026
Location India
Issuing authority Ministry of Finance
Policy/series name Union Budget 2026–27 Vision
Key figures Nirmala Sitharaman (Finance Minister)
Purpose/reason To define the philosophical and policy foundation for budget-making
Feature details Kartavya 1: Growth, Kartavya 2: People, Kartavya 3: Inclusion
Validity or status Budget guidance for 2026–27 and beyond
Strategic/significant value Enhances policy focus on growth, empowerment, and inclusion

11. Which of the following is not one of the 7 strategic manufacturing sectors highlighted in Union Budget 2026–27?
A) Biopharma
B) Renewable Energy Storage
C) Electronics Components
D) Rare Earth Minerals
E) Sports Goods
Answer: B) Renewable Energy Storage

Event and Location:

  • Event: Union Budget 2026 identifies 7 strategic sectors for manufacturing boost
  • Location: India (National coverage)
  • Date: 1 February 2026

Mandates and Objectives:

  • Mandates: The government has announced targeted schemes and funding to strengthen domestic manufacturing across 7 key sectors.
  • Objectives: To build global competitiveness, reduce import dependence, create jobs, and promote India as a self-reliant manufacturing hub.

Important Terms Explained:

  • Biopharma SHAKTI: A ₹10,000 crore scheme to develop India’s biologics and biosimilars manufacturing ecosystem, including new NIPERs and clinical trial sites.
  • India Semiconductor Mission 2.0: A revamped mission focused on semiconductor design, materials, equipment, and full-stack Indian IP development.
  • Rare Earth Corridors: Specialised industrial zones for mining, processing, and manufacturing rare earth materials essential for high-tech industries.

Tabular Summary:

Parameter Details
Event name Strategic manufacturing push for 7 sectors
Announcement date 1 February 2026
Location India
Issuing authority Ministry of Finance
Policy/series name Union Budget 2026–27
Key figures FM Nirmala Sitharaman
Purpose/reason Strengthen manufacturing capacity, employment, and supply chain resilience
Feature details Targeted schemes for biopharma, semiconductors, textiles, capital goods etc.
Validity or status Budget implementation phase from FY26–27 onward
Strategic/significant value Enhances India’s global manufacturing role and economic self-reliance

Business and Economy – Daily Current Affairs January 31 & February 01

12. Which of the following items has become costlier in Union Budget 2026–27?
A) Microwave oven components
B) Cancer drugs
C) Misreporting of income penalty
D) Rare disease medicines
E) Lithium-ion battery equipment
Answer: C) Misreporting of income penalty

Event and Location:

  • Event: Union Budget 2026–27 identifies items that get cheaper and costlier
  • Location: India
  • Date: 1 February 2026

Mandates and Objectives:

  • Mandates: The Union Budget 2026–27 revises customs duties, TCS/TDS rates, and introduces new penalties to rationalize tax compliance and enhance strategic sectoral growth.
  • Objectives: To reduce consumer burden, boost exports and domestic manufacturing, ensure tax integrity, and increase global competitiveness in emerging sectors.

Union Budget 2026–27: Tax Changes Table

Tax Type / Area Before Budget 2026–27 After Budget 2026–27 Impact
TCS on Overseas Tour Packages 5%–20% (tiered) 2% uniform 60–90% tax burden reduction
TDS on Foreign Education (LRS) 5% 2% 60% relief for students
TDS on Foreign Medical Remittance 5% 2% 60% relief for families
Basic Customs Duty on Personal Imports 20% 10% 50% savings on personal goods
Customs Duty on Cancer Drugs ~20% (depending on drug type) 0% (fully exempt) 10–30% cost reduction
Customs Duty on Rare Disease Medicines ~20% 0% (fully exempt) 20–50% cost savings
Customs Duty on Microwave Components ~20% 0% Boost to domestic electronics
Customs Duty on Aircraft Components ~20% 0% 10–15% cost cut in aerospace manufacturing
Customs Duty on Lithium Battery Equipment ~20% 0% Reduces EV manufacturing cost
Customs Duty on Solar Glass Input (Sodium Antimonate) ~20% 0% Support to solar industry
Customs Duty on Nuclear Equipment Applicable till 2024 (varied rates) 0% extended till 2035 Long-term nuclear infra push
Customs Duty on Critical Minerals Equipment ~20% 0% Boosts rare earth, lithium processing
STT on Futures Contracts 0.02% 0.05% 150% increase to curb speculation
STT on Options Premium 0.10% 0.15% 50% increase
STT on Options Exercise 0.125% 0.15% 20% increase
Penalty for Income Misreporting Penalty applied based on case 100% of tax as additional income tax Stronger deterrent
Penalty for Undisclosed Movable Assets No clear penalty New penalty proportional to value Expanded compliance scope

Important Terms Explained:

  • TCS (Tax Collected at Source): A tax collected by a seller at the time of sale which is later adjusted by the buyer in their income tax return.
  • LRS (Liberalized Remittance Scheme): An RBI scheme that allows resident individuals to remit money abroad for permissible current and capital account transactions.
  • Basic Customs Duty (BCD): A tariff or tax imposed on imported goods, used to regulate foreign trade and protect domestic industries.

Tabular Summary:

Parameter Details
Event name Cheaper vs Costlier Items in Union Budget 2026–27
Announcement date 1 February 2026
Location India
Issuing authority Ministry of Finance
Policy/series name Union Budget 2026–27
Key figures Finance Minister Nirmala Sitharaman
Purpose/reason Reduce consumer costs, support industry, and ensure compliance
Feature details Duty exemptions, reduced TCS/TDS, STT hikes, new penalties
Validity or status Effective FY26–27
Strategic/significant value Promotes inclusive growth and economic resilience

13. Which of the following is the total capital expenditure allocated to Indian Railways in Union Budget 2026-27?
A) ₹1.85 lakh crore
B) ₹2.20 lakh crore
C) ₹2.50 lakh crore
D) ₹2.93 lakh crore
E) ₹3.10 lakh crore
Answer: D) ₹2.93 lakh crore

Event and Location:

  • Event: Record capital expenditure allocation to Indian Railways
  • Location: Pan India (India-wide)
  • Date: February 1, 2026

Mandates and Objectives:

  • Mandates:
    • Allocation of ₹2.93 lakh crore as capital expenditure for Indian Railways under Union Budget 2026-27; announcement of 7 high-speed rail corridors.
  • Objectives:
    • To modernise India’s rail infrastructure, enhance logistics efficiency, boost regional connectivity, improve safety, and promote economic growth through sustainable rail transport.

Important Terms Explained:

  • Capital Expenditure (Capex):
    • Funds spent by the government on acquiring or upgrading physical assets such as rail tracks, stations, or rolling stock.
  • High-Speed Rail Corridors:
    • Dedicated routes designed for fast passenger trains operating at higher speeds, reducing travel time between key cities.
  • Rolling Stock:
    • The railway vehicles including engines, passenger coaches, and freight wagons used in train operations.

Tabular Summary:

Parameter Details
Event name Railway Budget 2026 Allocation
Announcement date February 1, 2026
Location Nationwide (India)
Issuing authority Ministry of Railways / Ministry of Finance
Policy/series name Union Budget 2026-27
Key figures FM Nirmala Sitharaman, Rail Minister Ashwini Vaishnaw
Purpose/reason Infrastructure development, faster transport, safety
Feature details ₹2.93 lakh crore capex; 7 high-speed rail corridors
Validity or status FY 2026–27
Strategic/significant value Economic growth, reduced travel time, job creation

14. What is the proposed public capital expenditure (capex) in Union Budget 2026–27?
A) ₹9.8 lakh crore
B) ₹10.4 lakh crore
C) ₹11.2 lakh crore
D) ₹12.2 lakh crore
E) ₹13.0 lakh crore
Answer: D) ₹12.2 lakh crore

Event and Location:

  • Event: ₹12.2 lakh crore public capex proposed in Union Budget 2026-27
  • Location: India
  • Date: February 1, 2026

Mandates and Objectives:

  • Mandates:
    • Proposal of ₹12.2 lakh crore capital expenditure to boost infrastructure across India, including high-speed rail, waterways, CCUS, and city economic regions.
  • Objectives:
    • To sustain infrastructure-led growth, attract private investment, improve green transport, and promote balanced regional development while ensuring long-term sustainability and economic resilience.

Important Terms Explained:

  • Public Capex:
    • Government expenditure on physical assets like roads, railways, ports, and energy infrastructure to drive economic growth and productivity.
  • Infrastructure Risk Guarantee Fund:
    • A fund providing partial credit guarantees to reduce risk perception for private lenders and developers involved in infrastructure projects.
  • CCUS (Carbon Capture, Utilisation and Storage):
    • Technology that captures carbon emissions from industrial processes, uses or stores them, helping reduce environmental impact.

Tabular Summary:

Parameter Details
Event name ₹12.2 Lakh Crore Public Capex in Union Budget 2026-27
Announcement date February 1, 2026
Location India-wide
Issuing authority Ministry of Finance, Government of India
Policy/series name Union Budget 2026-27
Key figures Finance Minister Nirmala Sitharaman
Purpose/reason Drive infrastructure-led growth and attract private investment
Feature details High-speed rail, waterways, CCUS, CERs, REITs, freight corridors, seaplanes
Validity or status For FY 2026-27 and multi-year schemes (5–20 year horizons)
Strategic/significant value Enhances sustainability, job creation, private sector confidence, and green logistics

15. What is the total budget allocation for the Ministry of Health and Family Welfare in Union Budget 2026-27?
A) ₹89,230 crore
B) ₹95,100 crore
C) ₹1,06,530 crore
D) ₹1,01,000 crore
E) ₹99,800 crore
Answer: C) ₹1,06,530 crore

Event and Location:

  • Event: ₹1.06 lakh crore allocation to Health Ministry in Union Budget 2026
  • Location: India
  • Date: February 1, 2026

Mandates and Objectives:

  • Mandates:
    • The Union Budget 2026-27 allocates ₹1,06,530.42 crore to the Ministry of Health and Family Welfare to support health infrastructure, major schemes, medical education, and affordability of treatment.
  • Objectives:
    • To enhance public health delivery, expand critical care infrastructure, promote medical research and manufacturing, and improve healthcare affordability and access across India.

Important Terms Explained:

  • PM-ABHIM (Pradhan Mantri Ayushman Bharat Health Infrastructure Mission):
    • A mission to strengthen public health infrastructure through critical care blocks, labs, and surveillance.
  • PM-JAY (Pradhan Mantri Jan Arogya Yojana):
    • India’s flagship health insurance scheme providing free treatment to over 50 crore beneficiaries.
  • Bio Pharma Shakti:
    • A ₹10,000 crore initiative aimed at building India’s capabilities in biologics, biosimilars, and global biopharma manufacturing.

Tabular Summary:

Parameter Details
Event name Union Budget 2026: Health Ministry Allocation
Announcement date February 1, 2026
Location India
Issuing authority Ministry of Finance / MoHFW
Policy/series name Union Budget 2026-27
Key figures FM Nirmala Sitharaman, Health Minister Mansukh Mandaviya
Purpose/reason Enhance healthcare infrastructure, affordability, skilling, and disease control
Feature details Increase in PM-JAY, NHM, PM-ABHIM, Bio Pharma Shakti, cancer drug exemptions
Validity or status FY 2026-27
Strategic/significant value Strengthens India’s healthcare system and links it with Make in India goals

16. What is the capital outlay allocated for defence in Union Budget 2026-27?
A) ₹1.71 lakh crore
B) ₹2.19 lakh crore
C) ₹3.65 lakh crore
D) ₹7.84 lakh crore
E) ₹21,000 crore
Answer: B) ₹2.19 lakh crore

Event and Location:

  • Event: 15.3% increase in defence spending announced in Union Budget 2026
  • Location: India
  • Date: February 1, 2026

Mandates and Objectives:

  • Mandates:
    • The Union Budget 2026-27 raises India’s total defence budget to ₹7.84 lakh crore, with significant increases in capital outlay and policy reforms supporting domestic manufacturing, readiness, and defence exports.
  • Objectives:
    • To strengthen national security, enhance indigenous defence manufacturing under Aatmanirbhar Bharat, improve combat readiness post-conflict, and boost defence exports as part of India’s strategic and economic roadmap.

Important Terms Explained:

  • Capital Outlay:
    • The portion of the defence budget allocated for long-term asset creation, such as new weapons systems, drones, aircraft, and defence infrastructure. It rose 21.8% to ₹2.19 lakh crore in FY 2026-27.
  • Make in India in Defence:
    • A policy initiative to promote self-reliance by increasing domestic production of defence equipment, reducing import dependency, and encouraging both public and private sector participation.
  • Defence Industrial Corridors:
    • Dedicated zones in Uttar Pradesh and Tamil Nadu designed to attract defence manufacturing investments, supporting R&D, innovation, and job creation within the defence sector.

Tabular Summary:

Parameter Details
Event name Defence Budget 2026-27 Allocation
Announcement date February 1, 2026
Location India
Issuing authority Ministry of Finance, Government of India
Policy/series name Union Budget 2026-27
Key figures FM Nirmala Sitharaman, Defence Minister Rajnath Singh
Purpose/reason Strengthen military readiness, promote domestic defence manufacturing
Feature details ₹7.84 lakh crore total outlay, ₹2.19 lakh crore capital expenditure, customs duty relief
Validity or status FY 2026-27 allocation
Strategic/significant value Reduces import dependency, boosts exports, improves conflict preparedness

Appointments – Daily Current Affairs January 31 & February 01

17. Who recently became the first woman Deputy Chief Minister of Maharashtra?
A) Supriya Sule
B) Sunetra Pawar
C) Pankaja Munde
D) Yashomati Thakur
E) Aditi Tatkare
Answer: B) Sunetra Pawar

Event and Location:

  • Event: Sunetra Pawar appointed as Maharashtra’s first woman Deputy Chief Minister
  • Location: Maharashtra
  • Date: January 31, 2026

Mandates and Objectives:

  • Mandates: Sunetra Pawar took oath as Deputy CM following Ajit Pawar’s death in a plane crash
  • Objectives: To ensure political stability, continuity in governance, and historic representation of women in top state leadership

Important Terms Explained:

  • Deputy Chief Minister: The second-highest executive authority in a state government who assists the Chief Minister in governance
  • Excise Department: A department responsible for tax collection on alcohol, narcotics, and related products
  • Rajya Sabha MP: A member of the upper house of India’s Parliament; Sunetra Pawar holds this position

Tabular Summary:

Parameter Details
Event name Appointment of Sunetra Pawar as Deputy CM
Announcement date January 31, 2026
Location Maharashtra
Issuing authority Maharashtra Governor Acharya Devvrat
Position Deputy Chief Minister
Cabinet Portfolios Excise, Sports & Youth Welfare, Minorities Development
Predecessor Ajit Pawar
Reason for change Death of Ajit Pawar in plane crash
Political party Nationalist Congress Party (NCP)
Strategic importance First woman Deputy CM in Maharashtra
Legislative Status Sitting Rajya Sabha MP (not an MLA)
Government alliance Mahayuti
Symbolic value Boost for women in leadership and political stability

Science and Technology – Daily Current Affairs January 31 & February 01

18. When is ISRO’s first human spaceflight under the Gaganyaan mission expected to launch?
A) 2025
B) 2026
C) 2027
D) 2028
E) 2030
Answer: C) 2027

Event and Location:

  • Event: ISRO confirms timeline for Gaganyaan human spaceflight mission
  • Location: India (ISRO headquarters and mission testing centres)
  • Date: January 31, 2026

Mandates and Objectives:

  • Mandates: Launch of India’s first human spaceflight mission Gaganyaan in 2027; execution of three uncrewed test missions prior to it, starting with G1 in March 2026
  • Objectives: Validate human spaceflight safety systems, life-support infrastructure, re-entry procedures, and astronaut recovery; establish India’s independent human spaceflight capability

Important Terms Explained:

  • Gaganyaan: India’s first human spaceflight programme aiming to send astronauts into low Earth orbit and return them safely
  • Vyommitra: An ISRO-developed female humanoid robot designed to simulate human functions aboard uncrewed space missions
  • LVM3: Launch Vehicle Mark-3, India’s heavy-lift rocket modified for human-rated missions to deploy the crew module

Tabular Summary:

Parameter Details
Event name Confirmation of Gaganyaan mission launch timeline
Announcement date January 31, 2026
Location India (ISRO facilities)
Issuing authority Indian Space Research Organisation (ISRO)
Policy/series name Gaganyaan Human Spaceflight Programme
Key figures V Narayanan (ISRO Chairman), Vyommitra (robot), 4 astronaut trainees
Purpose/reason To establish India as the 4th nation with independent human spaceflight
Feature details 3 uncrewed missions, LVM3 rocket, 400 km orbit, 3-day mission
Validity or status G1 mission in March 2026; human flight planned for 2027
Strategic value Enhances India’s space capabilities, strengthens defence and tech sectors

Defence – Daily Current Affairs January 31 & February 01

19. Which vintage missile system of the Indian Air Force was fully digitised in January 2026 to boost air defence capabilities?
A) Akash
B) Pechora
C) Trishul
D) Barak-8
E) Astra
Answer: B) Pechora

Event and Location:

  • Event: Digitisation of Pechora missile system
  • Location: Indian Air Force; Trials at Pokhran, Rajasthan
  • Date: January 2026

Mandates and Objectives:

  • Mandates: The Indian Air Force has fully digitised the Russian-origin Pechora missile system through an indigenous upgrade led by a private Indian firm.
  • Objectives: To extend service life, improve air defence accuracy, enable modern command integration, and reduce cost by upgrading instead of replacing the system.

Important Terms Explained:

  • Pechora Missile System: A vintage surface-to-air missile (SAM) system inducted by the IAF in the 1970s, originally of Soviet origin, designed to intercept low-to-mid altitude aerial threats.
  • Digitisation: The process of replacing analogue subsystems with digital components like software-defined radios, thermal imaging systems, and automated fire controls for better performance.
  • Alpha Design Technologies: An Indian private defence company responsible for modernising the Pechora system under a ₹591.3 crore contract signed in 2020.

Tabular Summary:

Parameter Details
Event name Pechora Missile System Digitisation
Announcement date January 2026
Location IAF units, trials at Pokhran, Rajasthan
Issuing authority Indian Air Force in partnership with Alpha Design Technologies
Policy/series name Pechora Upgrade Program
Key figures Col H. S. Shankar (Retd), IAF officials
Purpose/reason Extend system life, improve reaction speed and accuracy
Feature details Integration of indigenous subsystems and full digitisation
Validity or status Trials completed, system operational
Strategic value Enhances layered air defence, cost-effective indigenisation

Schemes – Daily Current Affairs January 31 & February 01

20. What is the main aim of Gujarat’s Mukhyamantri Gramotthan Yojana launched in 2026?
A) Promote crop diversification
B) Create jobs in urban areas
C) Bridge rural-urban development gap
D) Develop coastal tourism
E) Promote digital literacy only
Answer: C) Bridge rural-urban development gap

Event and Location:

  • Event: Launch of Mukhyamantri Gramotthan Yojana (MGY)
  • Location: Gujarat (State-wide across villages)
  • Date: January 31, 2026

Mandates and Objectives:

  • Mandates: Construction of 2,666 panchayat offices-cum-talati residences in 114 talukas at a cost of ₹663 crore.
  • Objectives: To improve rural infrastructure, strengthen local governance, deliver urban-like amenities to villages, and reduce rural-urban migration.

Important Terms Explained:

  • Mukhyamantri Gramotthan Yojana (MGY): A rural transformation scheme by the Gujarat government aimed at modernising village-level infrastructure and governance.
  • Gram Swaraj: A Gandhian philosophy advocating self-sufficient, self-governed villages, central to the vision of the MGY.
  • Talati: A revenue officer in the village responsible for administrative duties, often residing at the village panchayat office.

Tabular Summary:

Parameter Details
Event name Launch of Mukhyamantri Gramotthan Yojana
Announcement date January 31, 2026
Location Gujarat (state-wide villages across 114 talukas)
Issuing authority Government of Gujarat
Policy/series name Mukhyamantri Gramotthan Yojana (MGY)
Key figures CM Bhupendra Patel
Purpose/reason Bridge rural-urban divide, empower panchayats
Feature details 2,666 panchayat offices, roads, water, e-gram centres, solar lights
Validity or status First phase underway, with future expansions planned
Strategic value Strengthens grassroots governance, reduces urban pressure

21. Which scheme in Union Budget 2026 aims to make India a global hub for biologics and biosimilars?
A) Samarth 2.0
B) Bharat-VISTAAR
C) Biopharma SHAKTI
D) Khelo India Mission
E) Tex-Eco Initiative
Answer: C) Biopharma SHAKTI

Event and Location:

  • Event: Launch and expansion of multiple flagship schemes and missions across sectors in Union Budget 2026
  • Location: India
  • Date: February 1, 2026

Mandates and Objectives:

  • Mandates:
    • Union Budget 2026-27 introduces and expands schemes in manufacturing, MSMEs, textiles, sports, infrastructure, and welfare to drive inclusive economic growth and long-term competitiveness.
  • Objectives:
    • To promote industrial transformation, support small businesses, strengthen social infrastructure, create jobs, and enhance India’s resilience and capacity across key economic and social sectors.

Important Terms Explained:

  • Biopharma SHAKTI:
    • A ₹10,000 crore initiative to make India a global leader in biologics and biosimilars through infrastructure, research, and clinical trial capacity.
  • India Semiconductor Mission 2.0:
    • An updated mission to boost India’s end-to-end semiconductor ecosystem including equipment, design, IP, and workforce.
  • Rare Earth Permanent Magnet Scheme:
    • Supports the domestic manufacturing of rare earth magnets, critical for EVs, electronics, and defense, through dedicated mineral corridors.

Tabular Summary:

Parameter Details
Event name Launch of new and expanded schemes in Union Budget 2026
Announcement date February 1, 2026
Location India
Issuing authority Ministry of Finance, Government of India
Policy/series name Union Budget 2026-27
Key figures FM Nirmala Sitharaman, various ministries (Health, MSME, Education, etc.)
Purpose/reason To build a Viksit Bharat through sectoral development and inclusion
Feature details New schemes in biopharma, semiconductors, MSMEs, tourism, sports, health
Validity or status FY 2026-27; rollout across sectors underway
Strategic/significant value Long-term transformation of manufacturing, infrastructure, and welfare

National Affairs – Daily Current Affairs January 31 & February 01

22. On which date did Indian Railways achieve its biggest one-day rollout of Kavach 4.0, covering over 472 km?
A) January 25 2026
B) January 30 2026
C) January 31 2026
D) February 1 2026
E) January 28 2026
Answer: C) January 31 2026

Event and Location:

  • Event: Record one-day commissioning of Kavach 4.0 Automatic Train Protection system
  • Location: Western, Northern, and East Central Railway zones (India)
  • Date: January 31, 2026

Mandates and Objectives:

  • Mandates: Indian Railways commissioned 472.3 route km of Kavach Version 4.0 in a single day across three railway zones.
  • Objectives: Enhance railway safety, prevent accidents like Signal Passing at Danger (SPAD), overspeeding, and ensure real-time train control using indigenous Automatic Train Protection (ATP) technology.

Important Terms Explained:

  • Kavach 4.0: An indigenously developed Automatic Train Protection (ATP) system designed for India’s high-density rail corridors, equipped with GPS, radio communication, and microprocessor-based controls.
  • Signal Passing at Danger (SPAD): A railway safety violation where a train passes a stop signal without authority, a key incident Kavach is built to prevent.
  • SIL-4 Certification: The highest Safety Integrity Level under global safety standards, ensuring maximum reliability of critical safety systems like Kavach.

Tabular Summary:

Parameter Details
Event name One-day record commissioning of Kavach 4.0
Announcement date January 31, 2026
Location Western, Northern & East Central Railways
Issuing authority Indian Railways, Ministry of Railways
Policy/series name Kavach (ATP system) Version 4.0
Key figures 20907 Dadar-Bhuj Express, 13305 Sasaram Intercity Express
Purpose/reason Enhance safety, prevent SPAD, support faster rail operations
Feature details GPS-based control, radio signals, real-time automatic braking
Validity or status Commissioned and operational in 5 zones
Strategic/significant value Supports Mission Raftar, enhances safety on high-speed routes

23. Which two Indian wetlands were designated as Ramsar sites in January 2026?
A) Asan and Deepor Beel
B) Harike and Nalsarovar
C) Patna Bird Sanctuary and Chhari-Dhand
D) Bhoj Wetland and Renuka Lake
E) Vembanad and Chilika
Answer: C) Patna Bird Sanctuary and Chhari-Dhand

Event and Location:

  • Event: Designation of two new Indian wetlands as Ramsar Sites
  • Location: Etah (Uttar Pradesh), Kutch (Gujarat)
  • Date: January 31, 2026

Mandates and Objectives:

  • Mandates: Patna Bird Sanctuary and Chhari-Dhand have been added to the list of Ramsar Sites, marking global recognition of their ecological importance.
  • Objectives: Strengthen wetland conservation, support migratory species, and promote sustainable use of biodiversity-rich water ecosystems under the Ramsar Convention.

Important Terms Explained:

  • Ramsar Convention: An international treaty signed in 1971 in Iran to promote conservation and wise use of wetlands across member nations.
  • Patna Bird Sanctuary: A freshwater wetland in Etah, UP, known for attracting migratory birds from Central Asia and Siberia during winters.
  • Chhari-Dhand: A seasonal saline desert wetland in Gujarat’s Kutch region, supporting rare desert fauna and migratory bird species despite arid conditions.

Tabular Summary:

Parameter Details
Event name Addition of Patna Bird Sanctuary and Chhari-Dhand to Ramsar list
Announcement date January 31, 2026
Location Uttar Pradesh and Gujarat
Issuing authority Ministry of Environment, Forest and Climate Change
Policy/series name Ramsar Convention on Wetlands
Key figures Narendra Modi, Bhupender Yadav
Purpose/reason Biodiversity protection and global recognition of key wetlands
Feature details Migratory bird habitat, arid-zone wetland ecology, saline and freshwater diversity
Validity or status Officially designated as Ramsar sites (Total: 98)
Strategic/significant value Strengthens India’s global conservation profile and boosts eco-tourism and climate resilience

24. Where will the 6th National Crop Nutrition Summit be held in February 2026?
A) Hyderabad
B) Bengaluru
C) Mumbai
D) New Delhi
E) Ahmedabad
Answer: C) Mumbai

Event and Location:

  • Event: 6th National Crop Nutrition Summit 2026
  • Location: Bandra Kurla Complex, Mumbai, Maharashtra
  • Date: February 5–6, 2026

Mandates and Objectives:

  • Mandates: Organising a national summit to bring together stakeholders in the crop nutrition ecosystem, including government, industry, and academia.
  • Objectives: To promote sustainable nutrient management, expand manufacturing of specialty inputs, and position India as a global hub for agri-input exports.

Important Terms Explained:

  • Micronutrients: Essential elements required by plants in small quantities for healthy growth and high yields, such as zinc, iron, and boron.
  • Specialty Fertilizers: Enhanced fertilizers designed for targeted nutrient delivery, slow release, or specific crop-stage needs.
  • Biological Inputs: Eco-friendly agricultural products like bio-fertilizers, bio-pesticides, and microbial solutions used to improve soil and crop health sustainably.

Tabular Summary:

Parameter Details
Event name 6th National Crop Nutrition Summit
Announcement date January 31, 2026
Location NSE Complex, BKC, Mumbai, Maharashtra
Issuing authority Indian Micro-Fertilizers Manufacturers Association
Policy/series name Crop Nutrition Policy Dialogue
Key figures Jayakumar Rawal, P.K. Singh
Purpose/reason To promote innovation, exports, and sustainable crop nutrition
Feature details Focus on micronutrients, specialty fertilizers, biological inputs
Validity or status Scheduled for February 5–6, 2026
Strategic value Strengthens India’s position as a global agri-input manufacturing hub


Over All Review

Important Days

  • International Zebra Day is celebrated every year on 31 January to promote zebra conservation and awareness about their ecological role.

Sports 

  • Novak Djokovic became the oldest man in the Open Era to reach an Australian Open final, surpassing Ken Rosewall’s 1972 record.
  • Elena Rybakina won her first Australian Open title by defeating Aryna Sabalenka in a three-set final.
  • Union Budget 2026-27 announced a dedicated sports goods initiative to promote innovation, design, and material research.
  • Carlos Alcaraz defeated Novak Djokovic in the Australian Open 2026 final to complete his Career Grand Slam.

Ranking 

  • SAIL has been certified as a ‘Great Place to Work’ for the third consecutive year for 2026–27.

Banking and Finance 

  • Finance Minister Nirmala Sitharaman presented the Union Budget 2026 on February 1, 2026, marking her ninth budget.
  • Union Budget 2026 announced the development of rare earth corridors in Odisha, Kerala, Andhra Pradesh, and Tamil Nadu.
  • SBI launched CHAKRA to finance emerging sunrise sectors like semiconductors, green hydrogen, and EVs.
  • Finance Minister Nirmala Sitharaman framed Budget 2026 around three kartavyas: growth, people-centric development, and inclusive access.
  • Union Budget 2026–27 identifies seven strategic sectors to drive India’s manufacturing growth and self-reliance.

Business And Economy

  • The Union Budget 2026–27 reduces TCS on overseas tour packages from up to 20% to a uniform 2%.
  • Union Budget 2026-27 allocated a record ₹2.93 lakh crore in capital expenditure to Indian Railways.
  • Union Budget 2026-27 proposes ₹12.2 lakh crore as public capital expenditure to support infrastructure-led growth.
  • Union Budget 2026-27 allocated ₹1,06,530 crore to the Ministry of Health and Family Welfare, marking a nearly 10% rise.
  • Union Budget 2026 increased India’s defence budget to ₹7.84 lakh crore, marking a 15.3% rise from the previous year.

Appointments

  • Sunetra Pawar has become Maharashtra’s first woman Deputy Chief Minister following Ajit Pawar’s tragic death.

Science and Technology

  • ISRO has confirmed that India’s first human spaceflight mission under the Gaganyaan programme will launch in 2027.

Defence

  • The Indian Air Force has successfully digitised its Pechora missile system to enhance low-altitude air defence.

Schemes

  • Gujarat CM Bhupendra Patel launched the Mukhyamantri Gramotthan Yojana to modernise village infrastructure.
  • Union Budget 2026-27 announced the launch of Biopharma SHAKTI with ₹10,000 crore to boost biologics and biosimilars manufacturing.

National Affairs

  • Indian Railways commissioned 472.3 km of Kavach 4.0 in one day, marking the largest safety rollout in its history.
  • India added Patna Bird Sanctuary and Chhari-Dhand to the Ramsar list on January 31, 2026.
  • Mumbai will host the 6th National Crop Nutrition Summit on February 5–6, 2026, at the NSE complex.

DOWNLOAD TODAY’S CURRENT AFFAIRS PDF – CLICK HERE

You Must Also Read Daily Current Affairs January 30

Our Products

  • Current Affairs Package ( 1 Year Validity ) – Click Here

  • All in One – 1 Year Subscription – Click Here

  • Banking Awareness Video Course – Click Here

  • Insurance Awareness Video Course – Click Here