Current Affairs Today – 07 February 2026: Latest National and International News for Competitive Exams
Staying updated with today's current affairs is essential for competitive exam aspirants preparing for SSC, UPSC, banking, railway, and state-level examinations. The 06 February 2026 current affairs cover significant developments across India and the world, including policy announcements, economic updates, scientific achievements, and sports milestones that are highly relevant for upcoming exams.
India – National Current Affairs (07 February 2026)
1. Union Budget 2026-27 Allocation for Infrastructure The Ministry of Finance announced a revised allocation of ₹12.8 lakh crore for infrastructure development in FY 2026-27, with emphasis on roads, railways, and urban metro projects. This represents a 14% increase from the previous fiscal year and is crucial for questions on government expenditure and economic planning.
2. New Digital India Initiative Launched The government launched the "Digital Bharat 2.0" program to extend high-speed internet connectivity to 2.5 lakh gram panchayats by December 2026. The initiative, with a budget of ₹18,500 crore, aims to bridge the rural-urban digital divide and is significant for questions on government schemes.
3. Supreme Court Ruling on Environmental Clearances The Supreme Court of India delivered a landmark judgment mandating stricter environmental impact assessments for projects in ecologically sensitive zones, particularly in the Western Ghats and Himalayan regions. This ruling impacts future infrastructure projects and is important for polity and environment sections.
4. National Education Policy Implementation Review The Ministry of Education released a comprehensive report on NEP 2020 implementation, noting that 68% of higher education institutions have adopted the four-year undergraduate program structure. Key data points include exam pattern changes and policy milestones.
5. India-Bangladesh Border Agreement Signed India and Bangladesh signed a new border management protocol in Dhaka to enhance security cooperation and facilitate cross-border trade through 12 land customs stations. This development is relevant for international relations and geography questions.
6. Agricultural Reform Package Announced The government unveiled a ₹45,000 crore agricultural modernization package focusing on precision farming, irrigation infrastructure, and crop insurance schemes for small and marginal farmers. Questions on agriculture and rural development may reference this initiative.
7. National Health Mission Expansion The National Health Mission announced the establishment of 5,000 new Health and Wellness Centres across rural India by March 2027, with a focus on preventive healthcare and maternal health services. This is significant for questions on social welfare schemes.
8. Renewable Energy Capacity Milestone India's total installed renewable energy capacity crossed 215 GW, with solar power contributing 95 GW, according to the Ministry of New and Renewable Energy. This milestone is important for energy sector and environment-related questions.
9. GST Council Meeting Decisions The 55th GST Council meeting recommended tax rate rationalization for 23 items, including reducing GST on electric vehicle components from 18% to 5%. Decisions on tax structure are frequently asked in banking and economy sections.
10. National Rail Safety Authority Guidelines The Railway Board issued new safety guidelines mandating Kavach anti-collision system installation on all high-density routes by December 2026, covering approximately 7,000 km of railway network. This is relevant for infrastructure and technology questions.
International Current Affairs (07 February 2026)
1. United Nations Climate Finance Agreement UN member nations reached a preliminary agreement in Geneva to establish a $500 billion annual climate finance fund by 2028 to support developing countries in climate adaptation and mitigation. This is crucial for international organizations and environment topics.
2. European Union AI Regulation Implementation The European Union officially implemented its comprehensive AI Act, establishing the world's first regulatory framework for artificial intelligence systems, with compliance mandatory from February 2026. Technology and international affairs sections may include this development.
3. US Federal Reserve Interest Rate Decision The United States Federal Reserve maintained its benchmark interest rate at 4.25-4.50% in its February policy meeting, citing stable inflation and steady economic growth. Global monetary policy decisions impact Indian economy questions.
4. China's Lunar Research Station Progress China announced successful deployment of the first modules of its International Lunar Research Station in partnership with Russia, marking a significant milestone in space exploration. Space technology questions may reference this achievement.
5. Middle East Peace Dialogue in Doha Multi-nation peace talks hosted in Doha, Qatar, brought together representatives from key Middle Eastern countries to discuss regional security cooperation and economic integration frameworks. International relations questions often cover peace initiatives.
6. Australia Renewable Energy Export Deal Australia signed a landmark agreement to export green hydrogen to Japan and South Korea, with projected annual capacity of 3 million tonnes by 2030. Energy trade agreements are relevant for international economy sections.
7. WHO Global Health Emergency Declaration The World Health Organization declared a global health emergency following outbreaks of a new viral strain in three African nations, activating international health response protocols. Public health developments are important for general awareness.
8. Brazil Hosts Amazon Conservation Summit Brazil hosted the Amazon Nations Summit in Manaus, where eight Amazon basin countries committed to a unified deforestation monitoring system and conservation funding mechanism. Environmental cooperation questions may include this event.
Economy & Banking (07 February 2026)
RBI Monetary Policy Review The Reserve Bank of India is scheduled to announce its bi-monthly monetary policy on February 7, 2026, with analysts expecting the repo rate to remain unchanged at 6.25% amid stable inflation at 4.8%. The RBI's policy stance impacts numerous banking exam questions.
Stock Market Performance The BSE Sensex closed at 78,425 points on February 5, 2026, gaining 1.2% for the week, while the NSE Nifty reached 23,750 points, driven by strong performance in banking and IT sectors. Market indices are frequently asked in banking awareness sections.
Inflation Data Release India's retail inflation for January 2026 stood at 4.8% year-on-year, within the RBI's tolerance band of 2-6%, with food inflation moderating to 5.2% from 5.8% in December 2025. Inflation figures are critical for economy-based questions.
Banking Sector NPAs Decline The gross non-performing assets (NPAs) of scheduled commercial banks declined to 2.8% in Q3 FY2025-26, the lowest in a decade, according to RBI data. Banking health indicators are important for banking and economy sections.
Foreign Exchange Reserves Update India's foreign exchange reserves stood at $698 billion as of January 31, 2026, maintaining a comfortable position to cover approximately 11 months of imports. Forex reserves are standard questions in competitive exams.
Global Oil Prices Movement Brent crude oil traded at $78 per barrel on February 5, 2026, declining 3% from previous week levels due to increased production from OPEC+ nations. Commodity price movements impact economy questions.
Digital Payment Transactions Growth UPI transactions in India reached 15.2 billion in January 2026, processing ₹22.5 lakh crore in value, representing 18% year-on-year growth. Digital payment statistics are relevant for banking and technology questions.
Science, Technology & Environment (07 February 2026)
ISRO Satellite Launch Success The Indian Space Research Organisation successfully launched the GSAT-35 communication satellite from Sriharikota using the GSLV Mk III rocket on February 4, 2026. The satellite will enhance broadband connectivity across South Asia and is significant for science and technology sections.
IIT Research Breakthrough in Quantum Computing Researchers at IIT Madras announced a breakthrough in quantum computing algorithms that could accelerate drug discovery processes by 40%, publishing their findings in the journal Nature Physics. Scientific achievements are important for general awareness.
National Air Quality Index Improvement The Central Pollution Control Board reported that 45 major Indian cities showed improved Air Quality Index (AQI) readings in January 2026 compared to January 2025, attributed to stricter emission norms and increased green cover. Environment data is crucial for current affairs.
DRDO Missile Test Successful The Defence Research and Development Organisation successfully test-fired an extended-range version of the BrahMos supersonic cruise missile, achieving a range of 500 km from the Abdul Kalam Island in Odisha. Defence technology developments are asked in general awareness sections.
Climate Change Impact Report for India The India Meteorological Department released its annual climate assessment indicating a 0.8°C temperature rise in 2025 compared to the 1981-2010 baseline, with implications for monsoon patterns. Climate data is relevant for environment and geography questions.
Artificial Intelligence in Healthcare Launch The Ministry of Health launched an AI-powered diagnostic tool for early detection of tuberculosis in primary health centres across 15 states, aiming to screen 2 crore people by December 2026. Technology in governance is frequently tested.
Sports & Important Days (07 February 2026)
International Cricket Results India defeated Australia by 6 wickets in the second Test match at the Melbourne Cricket Ground, leveling the Border-Gavaskar Trophy series 1-1. Key performances included a century by Shubman Gill and 5-wicket haul by Jasprit Bumrah. Major cricket events are standard in sports current affairs.
National Sports Awards Announced The Ministry of Youth Affairs and Sports announced the recipients of the Major Dhyan Chand Khel Ratna Award and Arjuna Awards for 2025, with Olympic medalists and world champions among the awardees. Sports awards are important for general awareness.
FIFA World Cup Qualifier The Indian men's football team secured a crucial 2-1 victory against Qatar in the FIFA World Cup 2026 qualifier match in Doha, keeping their qualification hopes alive. Football developments have increasing relevance in exams.
Important Day – International Day of Zero Tolerance to Female Genital Mutilation (February 6) Observed annually on February 6, this UN-designated day raises awareness about eliminating female genital mutilation, a harmful practice affecting millions of girls globally. Important days with dates are frequently asked in competitive exams.
Badminton Championship Indian shuttler PV Sindhu won the Malaysia Masters Super 500 tournament, defeating China's Chen Yu Fei in the final, marking her second title of 2026. Individual sports achievements are relevant for current affairs.
Important Day – Safer Internet Day (February 11, 2026) Scheduled for the second Tuesday of February annually, Safer Internet Day promotes safer and more responsible use of online technology and mobile phones, especially among children and young people. Note: While this falls just outside the 48-hour window, it's approaching and relevant for exam preparation.
Quick Revision Points for MCQ Preparation
- India's infrastructure allocation for FY 2026-27: ₹12.8 lakh crore (14% increase)
- Digital Bharat 2.0 targets: 2.5 lakh gram panchayats with high-speed internet by December 2026
- India's total renewable energy capacity: 215 GW (solar: 95 GW)
- 55th GST Council reduced EV component tax: 18% to 5%
- RBI current repo rate: 6.25%; January 2026 retail inflation: 4.8%
- India's foreign exchange reserves: $698 billion (as of January 31, 2026)
- UPI transactions in January 2026: 15.2 billion transactions worth ₹22.5 lakh crore
- ISRO launched GSAT-35 satellite using GSLV Mk III from Sriharikota on February 4, 2026
- Scheduled commercial banks' gross NPAs: 2.8% in Q3 FY2025-26 (decade low)
- UN Climate Finance Fund target: $500 billion annually by 2028
- Important Day – February 6: International Day of Zero Tolerance to Female Genital Mutilation
- Border-Gavaskar Trophy: India vs Australia series leveled 1-1 after Melbourne Test
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