UPSC Current Affairs 01 February 2026 — PIB

• Government to establish Regional Medical Hubs to boost Medical Value Tourism
• Ministry of Defence allocated an all-time high of Rs 7.85 lakh crore in Union Budget 2026-27, 15% higher over Budgetary Estimates of FY 2025-26
• Budget 2026-27 announces the launch of India Semiconductor Mission (ISM) 2.0
• SUMMARY OF UNION BUDGET 2026-27
• HIGHLIGHTS OF UNION BUDGET 2026-27
• Union Budget 2026-27 lays emphasis on Scaling up manufacturing in 7 strategic and frontier sectors
• BIOPHARMA SHAKTI (STRATEGY FOR HEALTHCARE ADVANCEMENT THROUGH KNOWLEDGE, TECHNOLOGY AND INNOVATION) PROPOSED IN THE UNION BBUDGET 2026-27
• ₹12.2 LAKH CRORE PUBLIC CAPEX PROPOSED IN FY2026-27
• THE INCOME TAX ACT,2025 TO COME INTO EFFECT FROM 1ST APRIL, 2026
• GOVERNMENT ACCEPTS 16TH FINANCE COMMISSION’S RECOMMENDATION TO RETAIN VERTICAL SHARE OF DEVOLUTION AT 41 PERCENT
• INDIA’S REAL GDP ESTIMATED TO GROW BY 7.4% IN FY 2025–26, WITH NOMINAL GDP GROWTH AT 8%
• Record CapEx of ₹2.93 Lakh Crore for Indian Railways; High Speed Connectivity, Strengthening Freight & Safety Prime Focus of Spend
• Union Budget 2026–27: Exports Take Centre Stage as Budget Pushes Jobs, Manufacturing and Global Value Chains
• Op Sindoor displayed seamless inter-service coordination within India's multi-layered maritime security system, reaffirmed ICG’s role as frontline force: Raksha Mantri on 50th ICG Raising Day
• Defence Budget 2026-27 post-Op Sindoor further strengthens Govt’s resolve of creating a robust & foolproof security system: Raksha Mantri
• UNION EDUCATION MINISTER LAUDS HISTORIC BUDGET 2026-27, CALLING IT A YUVA SHAKTI DRIVEN BUDGET-A BUDGET FOR HUMAN CAPITAL FOR VIKSIT BHARAT
• Budget 2026-27 lays strong foundation for AI Data Centres and Semiconductor Ecosystem
• Budget 2026–27 Proposes Integrated Development of 500 Reservoirs and Amrit Sarovars to Strengthen Coastal Fisheries Value Chain
• UNION BUDGET 2026-27 FOCUSES ON 3 KARTAVYAS OF SUSTAINABLE ECONOMIC GROWTH, CAPACITY BUILDING AND SABKA SATH, SABKA VIKAS
• BUDGET PROPOSALS FOR CUSTOMS AND CENTRAL EXCISE AIM TO FURTHER SIMPLIFY TARIFF STRUCTURE, SUPPORT DOMESTIC MANUFACTURING: UNION FINANCE MINISTER
• TARIFF RATE ON ALL DUTIABLE GOODS IMPORTED FOR PERSONAL USE TO BE REDUCED FROM 20% TO 10%
• FINANCE MINISTER NIRMALA SITHARAMAN INTRODUCES A DEDICATED ₹10,000 CRORE SME GROWTH FUND, TO CREATE FUTURE CHAMPIONS, INCENTIVIZING ENTERPRISES BASED ON SELECT CRITERIA
• ‘Bharat-VISTAAR’-a multilingual AI tool to enhance farm productivity, improve farmer decision making and reduce risk through customized advisory support, proposed in the Union Budget 2026-27
• EXEMPTION FROM MINIMUM ALTERNATE TAX (MAT) TO ALL NON-RESIDENTS WHO PAY TAX ON PRESUMPTIVE BASIS
• THE UNION BUDGET 2026-27 PROPOSES HIGH-POWERED ‘EDUCATION TO EMPLOYMENT AND ENTERPRISE’ STANDING COMMITTEE TO RECOMMEND MEASURES ON THE SERVICES SECTOR
• UNION BUDGET 2026-27 PROPOSES A SCHEME TO SUPPORT STATES IN ESTABLISHING FIVE REGIONAL MEDICAL HUBS TO PROMOTE MEDICAL TOURISM
• ‘HIGH LEVEL COMMITTEE ON BANKING FOR VIKSIT BHARAT’ TO ALIGN FINANCIAL SECTOR WITH INDIA’S NEXT PHASE OF GROWTH: UNION BUDGET 2026-27
• INDIA ON TRACK TO REACH DEBT-TO-GDP RATIO OF 50±1 PERCENT BY 2030-31
• Union Budget 2026–27: ₹ 1,06,530.42 Crore Allocated to Ministry of Health and Family Welfare, Registering nearly 10% Rise from Revised Estimates of FY 2025–26
• Budget 2026–27 announcement of "Biopharma Shakti" to catalyse India's global role in the next industrial revolution and also establish India as a global biomanufacturing hub: Dr. Jitendra Singh
• Union Budget 2026–27: Major Push to Employment-Intensive Textile Sector through Integrated Programmes, Mega Parks and Export Facilitation
• Union Budget 2026–27 Announces Launch of Khelo India Mission to Transform Sports Sector; Rs. 500 cr allocated to Promotion of Sports Goods Manufacturing
• BUDGET PUSH TO MAKE INDIA A GLOBAL BIOPHARMA HUB
• Budget 2026–27 Proposes Three New Chemical Parks
• Renaming of Adampur Airport as Shri Guru Ravidass Maharaj Ji Airport is a fitting tribute to the timeless ideals of Shri Guru Ravidass Maharaj Ji: Prime Minister
• English rendering of PM’s remarks on Union Budget
• Prime Minister Shri Narendra Modi’s remarks on Union Budget 2026
• Union Minister Shri Prataprao Jadhav hails Union Budget 2026 for strengthening holistic healthcare and promoting traditional medicine
• Expansion of Veterinary Infrastructure, Mobile Vet Units and Doorstep services
• THE THRESHOLD FOR AVAILING SAFE HARBOUR FOR IT SERVICES ENHANCED FROM RS 300 CRORE TO Rs 2000 CRORE
• Customs Integrated System will be rolled out in 2 years as a single, integrated and scalable platform
• UNION BUDGET 2026-27 ANNOUNCES DIRECT TAX PROPOSALS FOR RATIONALIZING PENALTY AND PROSECUTION
• EASE OF LIVING BY DIRECT TAX REFORMS : UNION BUDGET 2026-2027
• UNION BUDGET 2026-27 OUTLINES THE KARTAVYA OF SAB KA SATH, SAB KA VIKAS TOWARDS A VIKSIT BHARAT
• UNION BUDGET 2026-27 PROPOSES SEVERAL INCENTIVES FOR COOPERATIVES
• UNION BUDGET 2026-27 PROPOSES DEDICATED INITIATIVE FOR SPORTS GOODS TO PROMOTE MANUFACTURING, RESEARCH AND INNOVATION
• DIVYANG KAUSHAL YOJANA TO PROVIDE CUSTOMIZED TRAINING TO DIVYANGJAN IN IT, AVGC AND HOSPITALITY SECTORS
• Union Budget 2026-27: FM Nirmala Sitharaman Announces Major Boost for Orange Economy and Creative Education
• “Union Budget Instrumental in Sailing Bharat towards Becoming a Top Global Maritime Superpower”: Sarbananda Sonowal
• Union Budget 2026–27 is a strong affirmation of the Government’s commitment to women-led development and child well-being : Union WCD Minister, Smt. Annpurna Devi
• Union Budget 2026–27 : Continued Commitment to Affordable Fertilizers and Farmer Support