Current Affairs One-liners — 01 February 2025
Daily news by your exam, state and topic — each with a short summary, key facts and MCQs.
Sat, 01 Feb 2025
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- On 1 February 2025, in New Delhi, President Droupadi Murmu inaugurated the New Delhi World Book Fair 2025.
- 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.