6 February 2026 Current Affairs

🔶 Governance, Democracy & Parliamentary Affairs

National Youth Parliament Scheme (NYPS) 2.0

• Upgraded digital portal launched by the Ministry of Parliamentary Affairs.

• Expands youth participation, inclusivity, and civic engagement .

• Strengthens constitutional literacy, democratic values, and parliamentary culture .

• Exam relevance: GS-II (Democracy, Institutions), Youth engagement, e-governance.

16th Finance Commission Report Tabled

• Presented along with Union Budget 2026–27.

• Critical for Centre–State fiscal relations , tax devolution, grants, and demographic considerations.

• Exam angle: Fiscal federalism, Finance Commission roles (Articles 280).

🔶 Economy, Growth & Financial Markets

Goldman Sachs GDP Forecast Upgrade

• India’s CY26 growth revised to 6.9% (from 6.7%) .

• Signals global investor confidence in India’s macro fundamentals.

• Useful for growth comparison questions (IMF, World Bank, private forecasts).

Walmart – USD 1 Trillion Market Capitalisation

• First retail company globally to reach this milestone.

• Highlights scale economics, supply-chain dominance, and platform retail .

• Essay relevance: Market concentration, global capitalism.

🔶 Banking, Insurance & Financial Regulation

RBI Penalty on One97 Communications (Paytm Group)

• Compounding fee under regulatory compliance norms.

• Reinforces RBI’s strict supervisory stance on fintech governance .

• Exam focus: RBI powers, payments regulation, compliance culture.

Equitas SFB – Bharti AXA Bancassurance Tie-up

• Expands insurance penetration via small finance banks .

• Example of bank–insurance convergence .

• Banking exams: Bancassurance models, financial inclusion.

🔶 Defence, Security & Strategic Affairs

India–Kyrgyzstan Special Forces Exercise KHANJAR-XIII

• Conducted at Missamari, Assam.

• Enhances counter-terrorism, special operations, and joint tactical capabilities .

• GS-III relevance: Defence diplomacy, military exercises.