1st February 2026 Daily Current Affairs
🇮🇳 National Affairs (India)
📊 Union Budget 2026–27 Presented
• Union Budget 2026–27 was presented in Parliament on 1 February 2026 by Finance Minister Nirmala Sitharaman. It focuses on economic growth, fiscal discipline, infrastructure, social welfare, and reforms.
• Sensex & Nifty fell sharply on Budget day as markets reacted to proposed changes like STT hike, with Sensex down over 1,500 points and Nifty below 24,900.
• Gold and silver prices moved with market sentiment; gold around ₹1,69,300 per 10 g in major cities.
🇮🇳 PM’s Reaction to Budget
• Prime Minister Narendra Modi called the Budget “historic” and said it charts a path toward a “Viksit Bharat (Developed India)” by 2047.
🌍 International Affairs
🌏 Global Tensions & Events
• Russia–Ukraine conflict: Russian attacks killed and wounded civilians in the Dnipropetrovsk region as the war continued.
🌍 Quizzes & Culture
• The Otago Daily Times quiz for February 1 offers general and local trivia.
🌦️ Environment & Weather
🔥 India’s Weather Outlook
• India is predicted to see a hotter, drier February with below-average rainfall likely in key cropping regions — a risk for winter crops like wheat and rapeseed.
🌍 Earthquake in Middle East
• A 5.3-magnitude earthquake struck southern Iran; neighboring UAE reported no damage.
📊 Economy & Markets (Quick Points)
Budget highlights aim to balance growth and fiscal prudence.
Markets showed volatility on Budget announcements.
Precious metals pricing reflects investor sentiment.
📌 School Assembly / General Current Affairs
According to school-oriented news summaries:
🏛️ India–Arab Cooperation
• India hosted the Second India–Arab Foreign Ministers Meeting to strengthen diplomatic partnerships.
🌆 Urban Growth
• A UN urbanization report highlighted India among the fastest-growing megacities globally.
📉 GDP Growth Forecast
• The Economic Survey projected FY 27 GDP growth at roughly 6.8–7.2 %, with economic risks acknowledged.
📱 Social Media Proposal
• A draft proposal in India suggested restricting social media access for those under 16 to address online safety.
📝 Quick Revision — One-Line Notes
Union Budget 2026–27 presented with growth & reform focus.
Markets reacted negatively on Budget day.
PM Modi described Budget as historic for India’s future.
Hotter and drier February forecast could affect crops.
5.3-magnitude quake in Iran — no reported damage in UAE.
