Current Affairs — 01 February 2025
Daily news by your exam, state and topic — each with a short summary, key facts and MCQs.
Sat, 01 Feb 2025
Budget 2025-26: ₹20,000 crore Nuclear Energy Mission for small modular reactors
On 1 February 2025, in Parliament in New Delhi, the Union Budget 2025-26 announced a Nuclear Energy Mission for research and development of Small Modular Reactors with an outlay of ₹20,000 crore.
Union Budget 2025-26: fiscal deficit 4.8% in 2024-25 (RE), 4.4% target for 2025-26
On 1 February 2025, in Parliament in New Delhi, the Union Budget 2025-26 put the 2024-25 fiscal deficit at 4.8% of GDP (Revised Estimate) and targeted 4.4% for 2025-26.
Union Budget 2025-26: no income tax up to ₹12 lakh under the new regime
On 1 February 2025, in Parliament in New Delhi, Finance Minister Nirmala Sitharaman announced that no income tax will be payable on normal income up to ₹12 lakh under the new tax regime.
Budget 2025-26: PM Dhan-Dhaanya Krishi Yojana for 100 districts, pulses mission, KCC limit to ₹5 lakh
On 1 February 2025, in Parliament in New Delhi, the Union Budget 2025-26 announced the Prime Minister Dhan-Dhaanya Krishi Yojana for 100 low-productivity districts, covering 1.7 crore farmers.
Budget 2025-26: 50,000 Atal Tinkering Labs, 10,000 more medical seats, cancer day-care centres in all district hospitals
On 1 February 2025, in Parliament in New Delhi, the Union Budget 2025-26 announced 50,000 Atal Tinkering Labs in government schools over 5 years and Day Care Cancer Centres in all district hospitals over 3 years.
DRDO conducts three successive flight-trials of VSHORADS off the Odisha coast
On 1 February 2025, off the coast of Odisha, DRDO conducted three successive flight-trials of the Very Short-Range Air Defence System (VSHORADS) from Chandipur.
Budget 2025-26: MSME investment and turnover limits raised 2.5 and 2 times
On 1 February 2025, in Parliament in New Delhi, the Union Budget 2025-26 raised the investment and turnover limits for classifying all MSMEs to 2.5 and 2 times respectively.
Budget 2025-26: Makhana Board, food technology institute and greenfield airports for Bihar
On 1 February 2025, in Parliament in New Delhi, the Union Budget 2025-26 announced a Makhana Board in Bihar to improve production, processing, value addition and marketing of makhana.
Budget 2025-26: ₹1 lakh crore Urban Challenge Fund; Jal Jeevan Mission extended to 2028
On 1 February 2025, in Parliament in New Delhi, the Union Budget 2025-26 announced a ₹1 lakh crore Urban Challenge Fund to implement 'Cities as Growth Hubs' and extended the Jal Jeevan Mission until 2028.
Budget 2025-26: FDI limit in insurance raised from 74% to 100%
On 1 February 2025, in Parliament in New Delhi, the Union Budget 2025-26 raised the FDI limit for the insurance sector from 74% to 100% for companies that invest the entire premium in India.
Budget 2025-26: record ₹6.81 lakh crore for the Ministry of Defence, up 9.53%
On 1 February 2025, in New Delhi, the Union Budget 2025-26 allocated a record ₹6,81,210.27 crore to the Ministry of Defence, 9.53% more than the 2024-25 Budget Estimate.
Indian Coast Guard celebrates its 49th Raising Day
On 1 February 2025, in India, the Indian Coast Guard celebrated its 49th Raising Day, with its Director General Paramesh Sivamani laying a wreath at the National War Memorial, New Delhi.
President Droupadi Murmu inaugurates New Delhi World Book Fair 2025
On 1 February 2025, in New Delhi, President Droupadi Murmu inaugurated the New Delhi World Book Fair 2025.
Budget 2025-26: 12.7 lakh tonne urea plant to be set up at Namrup, Assam
On 1 February 2025, in Parliament in New Delhi, the Union Budget 2025-26 announced a urea plant with annual capacity of 12.7 lakh metric tons at Namrup, Assam.