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Industry & Trade
India Joins BRICS Centre for Industrial Competencies
DPIIT (under Ministry of Commerce & Industry) and UNIDO signed a Trust Fund Agreement to formalize India’s participation in BCIC. The centre aims to promote Industry 4.0 technologies and support MSMEs across BRICS nations.
International Trade
India-GCC Free Trade Agreement Talks Resume
India signed Terms of Reference (ToR) with the Gulf Cooperation Council to resume FTA negotiations. GCC comprises 6 countries: Saudi Arabia, UAE, Qatar, Kuwait, Oman, and Bahrain. The signing was presided over by Union Minister Piyush Goyal and GCC Chief Negotiator Raja Al Marzoqi.
Defence & Adventure
Mount Aconcagua Expedition Flagged Off
Defence Minister Rajnath Singh flagged off an expedition to Mount Aconcagua (6,960 metres) — the highest peak in South America and the tallest mountain outside Asia. The expedition was organized by NIM (Uttarkashi) and JIM&WS (Pahalgam).
Monetary Policy
RBI MPC Keeps Repo Rate at 5.25%
The RBI MPC, led by Governor Sanjay Malhotra, kept the repo rate unchanged at 5.25% on February 6, 2026, maintaining a ‘neutral’ stance. The central bank has cumulatively cut 125 basis points since February 2025.
Insurance & Financial Inclusion
Alwar: India’s First 100% Insured District
Alwar, Rajasthan became India’s first district to achieve 100% insurance coverage on February 3, 2026, under the ‘Insurance for All by 2047’ initiative. A joint initiative of GoI and IRDAI, policies were issued by United India Insurance Company Limited.
Sports
Winter Olympics 2026 Opens in Milan
The Winter Olympics 2026 (Milano Cortina 2026) Opening Ceremony was held at San Siro Olympic Stadium, Milan, Italy on February 6, 2026. The theme was ‘Armonia’ (Harmony), featuring performers Mariah Carey, Andrea Bocelli, and Laura Pausini.
Polity & Governance
New Manipur CM Sworn In After President’s Rule
BJP’s Yumnam Khemchand Singh was sworn in as Manipur Chief Minister on February 4, 2026, after nearly one year of President’s rule. Nemcha Kipgen became the first woman Deputy CM in Manipur’s history.
Sports
Esha Singh’s Double Gold at Asian Shooting
Esha Singh won two gold medals in women’s 10m air pistol — individual (239.8 points) and team events at the 17th Asian Rifle and Pistol Championship 2026 held at Dr Karni Singh Shooting Range, New Delhi.
Personalities
Dr. Andre Beteille: Eminent Sociologist
Dr. Andre Beteille (1934-2026), renowned sociologist, passed away recently. He was conferred Padma Bhushan in 2005 for contributions to literature and education. He was Professor Emeritus of Sociology at University of Delhi and authored ‘Caste, Class and Power’.
Important Days
International Day of Zero Tolerance for FGM
February 6 is observed as the International Day of Zero Tolerance for Female Genital Mutilation to raise awareness and promote elimination of FGM. Over 230 million girls and women alive today have undergone FGM globally.
🎴 Revision Flashcards
Click each card to flip and test your recall
Tap to Reveal
Which UN agency signed the BCIC Trust Fund Agreement with DPIIT?
UNIDO
United Nations Industrial Development Organization
Tap to Reveal
How many countries are members of the Gulf Cooperation Council (GCC)?
Six
Saudi Arabia, UAE, Qatar, Kuwait, Oman, Bahrain
Tap to Reveal
What is the height of Mount Aconcagua (highest peak outside Asia)?
6,960 metres
Located in Argentina; highest in South America
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What is the current RBI repo rate as of February 2026?
5.25%
RBI MPC led by Governor Sanjay Malhotra; neutral stance
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Which district became India’s first to achieve 100% insurance coverage?
Alwar, Rajasthan
Under ‘Insurance for All by 2047’ initiative; Feb 3, 2026
Tap to Reveal
Where was the Winter Olympics 2026 Opening Ceremony held?
Milan, Italy
San Siro Olympic Stadium; Theme: ‘Armonia’ (Harmony)
Tap to Reveal
Who became the new Chief Minister of Manipur in February 2026?
Yumnam Khemchand Singh
BJP; Nemcha Kipgen became first woman Deputy CM
Tap to Reveal
In which event did Esha Singh win double gold at Asian Shooting 2026?
10m Air Pistol
Individual (239.8 pts) & team events; held in New Delhi
Think & Discuss
Can Cooperative-Based Platforms Like Bharat Taxi and Insurance-for-All Initiatives Reshape India’s Service Economy?
Context from today’s quiz: Alwar, Rajasthan, became India’s first district to achieve 100% insurance coverage under the ‘Insurance for All by 2047’ initiative — a joint effort by GoI and IRDAI. Combined with recent cooperative economy initiatives like Bharat Taxi (zero-commission ride-hailing), India is experimenting with models that prioritize financial inclusion and equitable profit distribution over pure market-driven approaches.
🤔 Your Perspective Matters
India’s cooperative movement has historically transformed sectors like dairy (Amul) and banking (credit cooperatives). Now, with digital platforms and government-backed insurance initiatives targeting universal coverage, there’s potential for a new wave of cooperative-style disruption in services — but questions remain about scalability, sustainability, and competition with private players.
Can government-backed financial inclusion drives and cooperative platforms compete effectively with established private sector players, or will they require permanent subsidies to survive?
Can government-backed financial inclusion drives and cooperative platforms compete effectively with established private sector players, or will they require permanent subsidies to survive?
- What lessons from Alwar’s 100% insurance coverage can be replicated in other districts, and what unique local factors made it successful?
- How should India balance the growth of cooperative platforms (like Bharat Taxi) with ensuring fair competition for existing private players?
- Could universal insurance coverage and cooperative service models become India’s template for achieving financial inclusion targets by 2047?
We’d love to hear your thoughts! Share your perspective in the comments.
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