Economy Current Affairs One-liners — Last 12 months

Mon, 02 Feb 2026

• Youth Affairs Minister Mansukh Mandaviya launched MY Bharat Budget Quest 2026, a national quiz and essay competition on the Union Budget for youth, on 2 February 2026.

Sun, 01 Feb 2026

• The Ministry of Defence was allocated a record ₹7.85 lakh crore in the Union Budget 2026-27 on 1 February 2026, 15.19% higher than the 2025-26 Budget estimate.
• The Union Budget 2026-27, presented on 1 February 2026, confirmed that the new Income Tax Act, 2025 takes effect from April 2026 and cut TCS on overseas tour packages and on LRS remittances for education and medical treatment to 2%.
• The Union Budget 2026-27, presented on 1 February 2026, announced Biopharma SHAKTI with ₹10,000 crore over five years, India Semiconductor Mission 2.0, dedicated Rare Earth Corridors in four states and a ₹10,000 crore container manufacturing scheme.
• Presenting the Union Budget 2026-27 on 1 February 2026, Finance Minister Nirmala Sitharaman said the government had accepted the 16th Finance Commission's recommendation to retain the states' vertical share of devolution at 41%.
• The Union Budget 2026-27, presented on 1 February 2026, raised public capital expenditure to ₹12.2 lakh crore and announced an Infrastructure Risk Guarantee Fund and CPSE REITs.
• The Union Budget 2026-27, presented on 1 February 2026, gave Indian Railways a record capital expenditure of ₹2,93,030 crore and announced seven high-speed rail corridors and a new Dankuni–Surat dedicated freight corridor.
• The Union Budget 2026-27, presented on 1 February 2026, proposed cutting the tariff on all dutiable goods imported for personal use from 20% to 10% and exempting 17 drugs, mainly for cancer, from basic customs duty.
• Finance Minister Nirmala Sitharaman presented the Union Budget 2026-27 in Parliament on 1 February 2026, estimating the fiscal deficit at 4.3% of GDP and total expenditure at ₹53.5 lakh crore.
• The Union Budget 2026-27, presented on 1 February 2026, proposed Bharat-VISTAAR, a multilingual AI tool integrating AgriStack and ICAR advisories, and a Coconut Promotion Scheme.
• The Union Budget 2026-27, presented on 1 February 2026, announced five Regional Medical Hubs for medical tourism, NIMHANS-2 in north India, three new All India Institutes of Ayurveda and a girls' hostel in every district.
• The Union Budget 2026-27, presented on 1 February 2026, announced that 15 archaeological sites including Lothal, Dholavira and Rakhigarhi will be developed as experiential cultural destinations, and launched a Khelo India Mission for the next decade.
• The Union Budget 2026-27, presented on 1 February 2026, announced a ₹10,000 crore SME Growth Fund to create 'Champion SMEs' and a High Level Committee on Banking for Viksit Bharat.

Sat, 31 Jan 2026

• The Odisha Cabinet, chaired by Chief Minister Mohan Charan Majhi, on 31 January 2026 approved the Kalyani Group's ₹17,250 crore integrated automotive, aerospace and defence components manufacturing complex at Gajamara in Dhenkanal district.

Fri, 30 Jan 2026

• The Centre's accounts up to December 2025 (FY 2025-26) show total receipts of ₹25,25,156 crore (72.2% of BE) and total expenditure of ₹33,80,998 crore (66.7% of BE).

Thu, 29 Jan 2026

• The Economic Survey 2025-26, tabled by Finance Minister Nirmala Sitharaman on 29 January 2026, estimates real GDP growth of 7.4% in FY26 and projects 6.8–7.2% for FY27, with potential growth around 7%.
• On 29 January 2026 MoSPI released the Expert Group report on the new Consumer Price Index series (CPI 2024), which uses the COICOP 2018 classification, weights from HCES 2023-24 and a basket of 358 items; the series was to be released on 12 February 2026.
• On 29 January 2026 the Bihar cabinet approved additional help of up to ₹2 lakh for women under the Mukhyamantri Mahila Rozgar Yojana, the Bihar Semiconductor Policy 2026 and the Bihar GCC Policy 2026.
• The Economic Survey 2025-26 notes India's Global Innovation Index rank rose from 66th (2019) to 38th (2025), PLI schemes drew over ₹2 lakh crore of investment, and 10 semiconductor projects worth ₹1.60 lakh crore were approved in 6 states.
• On 29 January 2026 the Centre notified coking coal as a Critical and Strategic Mineral by adding it to Part D of the First Schedule of the MMDR Act, 1957, to cut import dependence of the steel sector.
• The Economic Survey 2025-26 says India's total exports hit a record USD 825.3 billion in FY25, services exports an all-time high of USD 387.6 billion, and remittances USD 135.4 billion — the world's largest.

Wed, 28 Jan 2026

• The Finance Ministry announced on 28 January 2026 that India and the European Union have concluded negotiations on the financial services chapter of the India-EU FTA, finalised in the last round held on 6 January 2026.
• India's IIP rose 7.8% in December 2025 (quick estimate), its highest level in over two years, led by manufacturing (8.1%), mining (6.8%) and electricity (6.3%).

Tue, 27 Jan 2026

• PM Narendra Modi and European Commission President Ursula von der Leyen announced the conclusion of the India–EU FTA at the 16th India–EU Summit in New Delhi on 27 January 2026; over 99% of Indian exports by value get preferential entry into the EU.
• With Union Cabinet approval, the RBI signed an MoU with the European Securities and Markets Authority (ESMA) on 27 January 2026 to enable ESMA's formal recognition of the Clearing Corporation of India Ltd (CCIL) and other RBI-regulated central counterparties.
• The Department of Posts signed an agreement with Stock Holding Services Limited (SSL) at Dak Bhawan, New Delhi on 27 January 2026 to give citizens access to regulated capital market services through India Post's network of over 1.65 lakh post offices.
• The Halwa ceremony marking the final stage of preparation of the Union Budget 2026-27 was held at the Budget Press, North Block on 27 January 2026 in the presence of Finance Minister Nirmala Sitharaman; the Budget will be presented on 1 February 2026.

Mon, 26 Jan 2026

• India took part as Country Partner at Gulfood 2026 in Dubai, the world's largest annual food and beverage trade exhibition, with the largest participation of any country by number of exhibitors and exhibition area; the India Pavilion opened on 26 January 2026.

Sun, 25 Jan 2026

• PFRDA constituted the Committee for Strategic Asset Allocation and Risk Governance (SAARG), chaired by Narayan Ramachandran, to modernise the NPS investment framework.

Fri, 23 Jan 2026

• The fourth round of the PLI Scheme for White Goods provisionally selected five air-conditioner component makers with committed investment of ₹863 crore.