UPSC Current Affairs 02 February 2026 — The Hindu

• Tax devolution for States at 41%; South gets share hike
• Rare earth corridors to cut Chinese imports
• Budget 2026 bets big on industrial growth
• What does the Budget offer urban India?
• A quiz to mark World Wetlands Day which is observed on February 2 every year
• New I-T Act to take effect from April 1
• Budget to boost economy, India’s global competitiveness: India Inc.
• Budget ignores unemployment, social security: trade unions
• Budget allocates ₹6,000 crore for Census exercise
• Booster shot for education and skilling
• Marginal hike for Social Justice and Tribal Affairs
• Semiconductor Mission 2.0 unveiled; electronics parts scheme outlay doubled
• Buddhist circuits, hiking trails to put tourism on growth path
• No allocation for Chabahar amid U.S. tariff pressure
• Capex scale-up
• Marginal hike for agriculture leaves farmers unhappy
• ₹20,000 cr. earmarked for carbon capture, storage scheme
• Siddaramaiah says Budget denies fiscal justice to Karnataka
• Centre aiming for a 4.3% fiscal deficit for 2026-27
• ₹3,400 crore allocated to schemes for six minorities
• Debating Budget 2026 as turning point or tinkering
• Credible, creditable
• What the new fiscal rule means for growth and spending