1-2 February 2026 Current Affairs

5️⃣ Aviation, Urbanisation & Indices

Uttarakhand – Best State for Aviation Ecosystem (Wings India 2026)

• Indicates progress in regional connectivity (UDAN), heliports, tourism & disaster access .

Numbeo Cost-of-Living Index 2026

• Measures urban expenses amid inflation & lifestyle changes.

• Used for urban governance, migration & quality-of-life comparisons .

6️⃣ Sports & Important Days

Novak Djokovic – Australian Open 2026

• Oldest man to reach final in Open Era.

• Frequently asked sports records prelim question .

Indian Coast Guard Day – 1 February

• Established in 1977 .

• Key for maritime security & coastal surveillance .

Rheumatoid Arthritis Awareness Day – 2 February

• Health-awareness based static-CA linkage.

7️⃣ Economy, Banking & Regulation

RBI Penalty on Northern Arc Capital

• Reinforces NBFC regulatory compliance & supervisory discipline .

Nirmala Sitharaman – 9th Consecutive Union Budget

• Longest-serving FM in continuous office.

• Common polity + economy factual question .

India–World Bank Country Partnership Framework (CPF)

• Supports Viksit Bharat goals : infrastructure, jobs, climate, human capital.

• Important for multilateral development financing .

8️⃣ Insurance, Banking & FinTech

IRDAI – Reinsurance Advisory Committee Reconstituted

• Strengthens insurance risk management & domestic reinsurance capacity .

SBI – CHAKRA Centre of Excellence

• Financing sunrise sectors (deep-tech, green energy, advanced manufacturing).

• Exam relevance: development banking & sectoral credit strategy .

Slice SFB – New Digital Products

• Repo-linked savings, UPI credit card, digital FDs.