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.
👏1
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
Balance of Payments (BoP) records:
Anonymous Quiz
6%
A. Only trade in goods
6%
B. Only foreign investments
84%
C. Economic transactions between residents and rest of the world
3%
D. Government transactions only
Current Account includes:
1.Trade in goods
2.Trade in services 3.Foreign direct investment Which are correct?
1.Trade in goods
2.Trade in services 3.Foreign direct investment Which are correct?
Anonymous Quiz
48%
A. 1 and 2 only
15%
B. 2 and 3 only
6%
C. 1 only
30%
D. 1, 2 and 3
Which of the following best describes stagflation?
Anonymous Quiz
9%
A. High growth and low inflation
57%
B. Low growth and high inflation
17%
C. High growth and high inflation
17%
D. Low growth and deflation
Disinvestment refers to:
Anonymous Quiz
0%
A. Closure of PSUs
25%
B. Transfer of management to private sector
75%
C. Sale of government equity in PSUs
0%
D. Merger of PSUs
The Economic Survey 2025–26 was tabled in Parliament by the:
Anonymous Quiz
4%
A. Prime Minister
65%
B. Union Finance Minister
26%
C. Chief Economic Adviser
4%
D. RBI Governor
The Economic Survey is usually presented:
Anonymous Quiz
14%
A. After the Union Budget
68%
B. Before the Union Budget
14%
C. Along with the Union Budget
5%
D. After the Finance Bill is passed
Which of the following best describes the purpose of the Economic Survey?
Anonymous Quiz
5%
A. It authorizes government expenditure.
95%
B. It reviews the previous year’s economic performance and outlines policy outlook.
0%
C. It fixes tax rates for the upcoming year.
0%
D. It is a constitutional requirement under Article 112.
The Chief Economic Adviser (CEA) is appointed by the:
Anonymous Quiz
9%
A. President of India
35%
B. Prime Minister
22%
C. Union Cabinet
35%
D. Ministry of Finance