News of The Day : 02nd February 2026

News of The Day – 2nd Feb 2026

The Hindu, Indian Express, Live Mint, Business Standard, Economic Times, PIB and AIR, etc

(with Syllabus Relevance)

(GS-1: Art and Culture)

• Dalai Lama Grammy Award
  • For spoken word/recorded teachings.
• Reinforces values of peace, compassion, and global harmony.
• About the Grammy Award.

(GS-1:Art and Culture)

• About Guru Ravidas
  • 15th-century Bhakti saint advocating social equality. 
• His teachings and Contributions
  • Emphasised dignity of labour and social harmony. 

(GS-2: Polity and Governance)

• About 16th Finance Commission
• Recommends continuation of 41% vertical devolution of central taxes to States.
• Horizontal devolution criteria revised greater weight to income distance & demographic performance.
• Addresses fiscal needs of southern states amid population control concerns.
• Reinforces cooperative federalism and fiscal equity debate.

(GS-2: International Relations)

• About  64th UN Commission for Social Development 
• India participates in the UN platform focusing on social inclusion, poverty eradication, SDGs.
• Highlights India’s initiatives on women, children, elderly, and vulnerable groups.
• Reinforces India’s commitment to SDG-1, SDG-5, SDG-10.

• Regional Medical Hubs proposed to attract foreign patients.
• Integrates healthcare, hospitality, travel facilitation.
• Aligns with Ayushman Bharat, Heal-in-India, and services exports push.

(GS-3: Economy)

• Key macro themes of Union Budget 2026–27.
• Focus on growth-supportive capital expenditure while maintaining fiscal consolidation.
• Examines impact on inflation, employment, investment, and middle-class consumption.
• Useful for understanding budget transmission to the real economy.

• About CHAKRA Centre
  • To provide targeted financing for sunrise sectors like green energy, AI, EVs.
• Enhances credit flow to innovation-driven industries.
• Supports MSMEs and the startup ecosystem.

(GS-3: Economy )

• About BioPharma Shakti
• Aims to boost indigenous biopharmaceutical manufacturing.
• Focus on vaccines, biologics, APIs, R&D.
• Reduces import dependence and strengthens health security.

• Semiconductor Mission 2.0 expands focus beyond fabrication to components, packaging, and design.
• Electronics components PLI outlay doubled to strengthen domestic value chains.
• Reduces import dependence and supports strategic autonomy.
• Key for Make in India and Digital India.

• Two new sites added, increasing India’s Ramsar wetlands count.
• Total Wetlands of India.
• About Ramsar Sites and World Wetlands Day.