Daily Current Affairs – 7 January 2026 for Competitive Exams
This Daily Current Affairs update for 7 January 2026 covers important national, banking, defence, economy, environment, and state-level developments. It is specially curated for UPSC, SSC, Banking, IBPS, RBI, Railways, Defence & State PSC aspirants to boost exam-oriented preparation with factual clarity.
1️⃣ Introduction – Why in News?
Current Affairs for 7 January 2026 include major decisions by the Government of India, defence modernization by the Indian Army, banking innovations, economic growth projections, environmental discoveries, and key appointments.
Such updates carry high weightage in Prelims & Mains of UPSC, SSC, Banking, Railways, Defence & State PSC exams.
Exam Tip: Questions are frequently framed on schemes, institutions, figures, defence systems, reports, and new initiatives.
2️⃣ National Affairs
🔹 GoI Approves Nutrient-Based Subsidy (NBS) for Rabi 2025–26
The Government of India approved revised Nutrient-Based Subsidy (NBS) rates for the Rabi season.
🔑 Key Highlights
- Season Validity: 1 Oct 2025 – 31 Mar 2026
- Estimated Budget: ₹37,952.29 crore
- DAP Subsidy: Increased to ₹29,805/MT
- Objective: Shield farmers from global fertilizer price volatility
📊 NBS Rates (Rabi 2025–26)
| Nutrient | Subsidy (₹/kg) |
|---|---|
| Nitrogen (N) | 43.02 |
| Phosphorus (P) | 47.96 |
| Potassium (K) | 2.38 |
| Sulphur (S) | 2.87 |
🔹 New World-Class Labs at CSIR–NPL
Union MoS Dr. Jitendra Singh inaugurated two laboratories at CSIR–National Physical Laboratory, New Delhi.
🧪 Laboratories Inaugurated
- National Environmental Standard Laboratory (NSEL) – Asia’s first
- National Primary Standard Facility for Solar Cell Calibration – World’s 5th
Developed with Physikalisch-Technische Bundesanstalt, Germany.
3️⃣ Defence & Security
🔹 Indian Army Creates Drone Warfare Force ‘Bhairav’
The Indian Army launched ‘Bhairav’, a modern warfare force with over 1 lakh drone-trained operatives.
🔑 Exam Facts
- Battalions Raised: 15 (Target: 25)
- Role: High-speed offensive & drone-based operations
- First Parade: Army Day, Jaipur – 15 Jan 2026
🔹 ₹293 Crore Suryastra Rocket System Deal
Indian Army signed an emergency procurement contract with NIBE Limited.
🚀 About Suryastra
- Range: 150–300 km
- Accuracy: CEP < 5 m
- Technology Base: Israeli PULS system
- Platform: BEML 6×6 HMV
4️⃣ Banking & Finance
🔹 FSS Gets ISO/IEC 42001 Certification
Financial Software and Systems (FSS) became the first payments company across India, ME, APAC & SA to receive ISO/IEC 42001.
ISO/IEC 42001 = World’s first AI Management Systems standard.
🔹 IDFC FIRST Bank Launches Zero-Forex Credit Card
IDFC FIRST Bank introduced Zero-Forex Diamond Reserve Credit Card.
💳 Key Features
- Forex Markup: 0%
- Annual Fee: ₹3,000 + GST
- Target: Frequent international travellers
5️⃣ Economy & Business
🔹 ONGC–MOL Ethane Shipping JVs
ONGC partnered with Mitsui O.S.K. Lines to set up two ethane shipping JVs in GIFT City.
| JV Name | Purpose |
|---|---|
| Bharat Ethane One IFSC | Ethane transport |
| Bharat Ethane Two IFSC | Ethane transport |
🔹 India GDP Growth Projection for FY27
India Ratings and Research projected India’s GDP growth at 6.9% for FY27.
6️⃣ Appointments & Resignations
🔹 HSBC Private Bank CEO
HSBC Private Bank appointed Ida Liu as CEO (effective 5 Jan 2026).
7️⃣ Environment
🔹 New Snake Species Discovered
Scientists discovered Calamaria mizoramensis in Mizoram, published in Zootaxa.
- Status: Least Concern (tentative – IUCN)
- Global Calamaria Species: 70
8️⃣ Obituaries
- Suresh Kalmadi – Former Union MoS for Railways
- Manoj Kothari – Former World Billiards Champion & National Coach
9️⃣ Books & Authors
📖 ‘History That India Ignored’ – New Edition
Launched by Goa CM Pramod Sawant, authored by Prem Prakash (ANI Chairman).
🔟 State News
🔹 Tamil Nadu–UN Women MoU
TN CM M.K. Stalin signed MoU with UN Women for gender-responsive governance.
📌 One-Liner Revision Points
- NBS Rabi 2025–26 budget: ₹37,952.29 crore
- DAP subsidy raised to ₹29,805/MT
- ‘Bhairav’ – Indian Army drone warfare force
- Suryastra range: up to 300 km
- FSS – first to get ISO/IEC 42001
- IDFC FIRST launched zero-forex credit card
- ONGC–MOL ethane JVs in GIFT City
- India GDP FY27 projected at 6.9%
- New snake species: Calamaria mizoramensis
- HSBC Private Bank CEO: Ida Liu
❓ Exam-Oriented FAQs
Q1. What is NBS Scheme?
A subsidy system providing nutrient-wise fertilizer support to farmers.
Q2. Which force uses drones extensively in the Indian Army?
Bhairav modern warfare force.
Q3. What is ISO/IEC 42001 related to?
Ethical and responsible use of Artificial Intelligence.
Q4. Who projected India’s GDP at 6.9% for FY27?
India Ratings and Research (Ind-Ra).
Q5. Which state signed MoU with UN Women in Jan 2026?
Tamil Nadu.
🔗 Useful Resources for Aspirants
- 👉 Daily Current Affairs
- 👉 Daily Current Affairs Free Quizzes
- 👉 Weekly Current Affairs
- 👉 Monthly Current Affairs
- 👉 Static GK for Competitive Exams
- 👉 Latest Government Jobs
JobsMe Current Affairs Today helps you stay updated with Daily, Weekly & Monthly PDFs, quizzes, and exam-focused notes, saving time and boosting accuracy for UPSC, SSC, Banking, Railways & Defence exams.
