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1.Investors’ wealth eroded sharply by Rs9.40 lakh crore Sunday as markets went into a tailspin falling nearly 2 per cent after Finance Minister Nirmala Sitharaman proposed an increase in the Securities Transaction Tax (STT) on derivatives.
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2.Finance Minister Nirmala Sitharaman Sunday announced measures to boost manufacturing, offered long-term tax incentives for global data centres, and support for agriculture and tourism as she unveiled a Rs53.5 lakh crore Union Budget for 2026-27.
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3.US President Donald Trump has claimed that India will be purchasing oil from Venezuela instead of Iran.
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4.Pakistan Sunday formally announced its decision to boycott its marquee ICC T20 World Cup group league match against India, even as the government cleared the national team’s participation for the rest of the tournament, starting February 7.
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5.The Centre Sunday proposed establishment of a dedicated ‘rare earth corridor’ in Odisha, a mineral-rich state, and import duty exemption on capital goods needed for processing critical minerals to boost mining and processing activities.
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6.Congress leader and former MP Sushila Tiriya died Sunday evening while undergoing treatment at AIIMS-Bhubaneswar, her family said. She was 70, and a spinster.
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7.Chief Minister Mohan Charan Majhi Sunday launched and laid foundation stones for development projects worth more than Rs633 crore in Subarnapur district.
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8.India Semiconductor Mission (ISM) 2.0 launched with a major incentive expansion for electronics component manufacturing scheme. Government ups semiconductor spending to Rs8,000 crore for FY27, from Rs4,300 crore.
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9. 2026 proposes to setup high-powered committee to recommend measures on the services sector .
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10.Government proposes safe harbour margin of 15.5 percent for IT sector; expands threshold from Rs 300 crore to Rs 2000 crore.
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11.The Union Budget allocated Rs 6,000 crore for Census 2027, with the 16th edition of the mega population head count slated to begin April 1 after a delay of almost six years because of the Covid outbreak.
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12.The government proposed a Rs 9,885.80 crore budget for the Ministry of Skill Development and Entrepreneurship for the next fiscal beginning April 1, a sharp increase from the allocation made for 2025-26.
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13.The government allocated Rs1,62,671 crore for agriculture and allied activities for 2026-27, up 7.12 per cent from the revised estimate of Rs1,51,853 crore for 2025-26
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14.Air India Sunday launched the Shanghai-Delhi direct flight resuming its services between the two cities after a gap of about six years.
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15.Punjab Police Sunday carried out 767 raids across the state on the 13th day of its anti-gangster campaign and arrested 148 persons, offi cials said. The campaign ‘Gangstran Te Vaar’ is aimed at making Punjab a gangster-free state .