UPSC-focused current affairs update for 07 February 2026
1️⃣ India‑USA Interim Trade Agreement Framework
What: India and the USA reached a framework for an Interim Trade Agreement to enhance trade and investment.
Key Points:
Mutual tariff structures and preferential market access agreed.
Cooperation on trade barriers, supply chains, and investments.
UPSC Relevance: Bilateral trade, economic diplomacy, Make in India, employment generation.
PM Modi’s Highlight: Boosts MSMEs, employment, and technological partnerships.
2️⃣ PM Modi’s Official Visit to Malaysia
What: PM Narendra Modi arrived in Kuala Lumpur for a two-day visit to strengthen India‑Malaysia relations.
Key Points:
Enhances India‑Malaysia Comprehensive Strategic Partnership.
Aligns with India’s Act East Policy and Indo-Pacific vision.
UPSC Relevance: Foreign policy, strategic partnerships, regional cooperation.
3️⃣ India AI Impact Summit
What: India is focusing on inclusive and responsible AI through the upcoming AI Impact Summit.
Key Points:
AI’s role in governance, education, and services.
Promotes ethical and resilient AI use.
UPSC Relevance: Science & technology governance, digital India initiatives.
4️⃣ India Semiconductor Mission 2.0
What: Launched to boost domestic semiconductor production and achieve self-reliance.
Key Points:
Focus on chip manufacturing, design, and supply chain resilience.
UPSC Relevance: Industrial policy, technology ecosystem, global value chains.
5️⃣ Other Important Government Initiatives
Extended call-center support for UPSC candidates.
Agriculture: Dalhan (pulses) conference in Madhya Pradesh.
Rail & safety: Implementation of AI-based safety systems like Kavach.
UPSC Relevance: Governance, rural development, transport safety policies.
1️⃣ India‑USA Interim Trade Agreement Framework
What: India and the USA reached a framework for an Interim Trade Agreement to enhance trade and investment.
Key Points:
Mutual tariff structures and preferential market access agreed.
Cooperation on trade barriers, supply chains, and investments.
UPSC Relevance: Bilateral trade, economic diplomacy, Make in India, employment generation.
PM Modi’s Highlight: Boosts MSMEs, employment, and technological partnerships.
2️⃣ PM Modi’s Official Visit to Malaysia
What: PM Narendra Modi arrived in Kuala Lumpur for a two-day visit to strengthen India‑Malaysia relations.
Key Points:
Enhances India‑Malaysia Comprehensive Strategic Partnership.
Aligns with India’s Act East Policy and Indo-Pacific vision.
UPSC Relevance: Foreign policy, strategic partnerships, regional cooperation.
3️⃣ India AI Impact Summit
What: India is focusing on inclusive and responsible AI through the upcoming AI Impact Summit.
Key Points:
AI’s role in governance, education, and services.
Promotes ethical and resilient AI use.
UPSC Relevance: Science & technology governance, digital India initiatives.
4️⃣ India Semiconductor Mission 2.0
What: Launched to boost domestic semiconductor production and achieve self-reliance.
Key Points:
Focus on chip manufacturing, design, and supply chain resilience.
UPSC Relevance: Industrial policy, technology ecosystem, global value chains.
5️⃣ Other Important Government Initiatives
Extended call-center support for UPSC candidates.
Agriculture: Dalhan (pulses) conference in Madhya Pradesh.
Rail & safety: Implementation of AI-based safety systems like Kavach.
UPSC Relevance: Governance, rural development, transport safety policies.
Which of the following is included in India’s GDP?
Anonymous Quiz
9%
A. Transfer payments
11%
B. Sale of second-hand goods
77%
C. Government expenditure on salaries
3%
D. Purchase of shares
Per capita income is calculated as:
Anonymous Quiz
71%
A. National income ÷ Population
9%
B. GDP ÷ Working population
17%
C. Net National Product ÷ Total area
3%
D. Gross Domestic Product ÷ Labour force
Which institution estimates National Income in India?
Anonymous Quiz
9%
A. Reserve Bank of India
23%
B. Ministry of Finance
6%
C. NITI Aayog
63%
D. National Statistical Office
Repo rate is the rate at which:
Anonymous Quiz
54%
A. RBI lends to commercial banks
23%
B. Banks lend to RBI
17%
C. Banks lend to customers
6%
D. Government borrows from RBI
Which of the following is a direct tax?
Anonymous Quiz
18%
A. GST
20%
B. Customs Duty
63%
C. Income Tax
0%
D. Excise Duty
CURRENT AFFAIRS – 9 FEBRUARY (AIR / PIB)
1️⃣ Aadhaar Biometric Update Drive for Children
News:
UIDAI has completed 1 crore+ biometric updates for children aged 5–15 years under a nationwide mission.
Why Important:
Strengthens Digital Public Infrastructure (DPI)
Prevents exclusion from welfare schemes linked with Aadhaar
Free biometric update till Sept 2026
UPSC Angle:
GS 2: Governance, e-governance, service delivery
Prelims: Aadhaar lifecycle, UIDAI functions
2️⃣ India to Host Global AI Impact Summit 2026
News:
India announced hosting of AI Impact Summit 2026, first major AI summit in the Global South.
Key Themes (“Seven Chakras”):
Human Capital
Inclusive AI
Safe & Trusted AI
Innovation & Resilience
Science & Research
Democratization of AI resources
Economic & Social Impact
UPSC Angle:
GS 2: Global governance, tech diplomacy
GS 3: Emerging technologies, ethics of AI
Essay: AI for inclusive development
3️⃣ Union Budget 2026–27 – Key PIB Takeaways
News:
Government emphasized growth with fiscal discipline.
Key Points:
Fiscal Deficit target: ~4.3% of GDP
Continued push for capital expenditure (infrastructure)
Major income-tax relief for middle class
Focus on manufacturing, innovation & green growth
UPSC Angle:
GS 3: Indian economy, fiscal policy
Prelims: Deficit, CapEx, revenue vs capital expenditure
4️⃣ Government Focus on Market-Friendly Borrowing
News:
Centre reaffirmed commitment to non-disruptive borrowing strategy despite high capital spending.
Why Important:
Maintains macro-economic stability
Keeps inflation & bond yields in check
UPSC Angle:
GS 3: Public finance, debt management
Prelims: Fiscal consolidation concepts.
1️⃣ Aadhaar Biometric Update Drive for Children
News:
UIDAI has completed 1 crore+ biometric updates for children aged 5–15 years under a nationwide mission.
Why Important:
Strengthens Digital Public Infrastructure (DPI)
Prevents exclusion from welfare schemes linked with Aadhaar
Free biometric update till Sept 2026
UPSC Angle:
GS 2: Governance, e-governance, service delivery
Prelims: Aadhaar lifecycle, UIDAI functions
2️⃣ India to Host Global AI Impact Summit 2026
News:
India announced hosting of AI Impact Summit 2026, first major AI summit in the Global South.
Key Themes (“Seven Chakras”):
Human Capital
Inclusive AI
Safe & Trusted AI
Innovation & Resilience
Science & Research
Democratization of AI resources
Economic & Social Impact
UPSC Angle:
GS 2: Global governance, tech diplomacy
GS 3: Emerging technologies, ethics of AI
Essay: AI for inclusive development
3️⃣ Union Budget 2026–27 – Key PIB Takeaways
News:
Government emphasized growth with fiscal discipline.
Key Points:
Fiscal Deficit target: ~4.3% of GDP
Continued push for capital expenditure (infrastructure)
Major income-tax relief for middle class
Focus on manufacturing, innovation & green growth
UPSC Angle:
GS 3: Indian economy, fiscal policy
Prelims: Deficit, CapEx, revenue vs capital expenditure
4️⃣ Government Focus on Market-Friendly Borrowing
News:
Centre reaffirmed commitment to non-disruptive borrowing strategy despite high capital spending.
Why Important:
Maintains macro-economic stability
Keeps inflation & bond yields in check
UPSC Angle:
GS 3: Public finance, debt management
Prelims: Fiscal consolidation concepts.
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F2S IAS ACADEMY
Learn through MCQs Topic: Economy key concepts👇
LEARN through MCQs
Continuation ....👇
Continuation ....👇
Net National Income (NNI) is obtained by:
Anonymous Quiz
14%
A. GDP – Depreciation
49%
B. GNP – Depreciation
35%
C. NNP at factor cost + Indirect taxes
3%
D. GDP + Net factor income from abroad