Weekly Current Affairs (1–7 January 2026) for Government Exams
This Weekly Current Affairs (1–7 January 2026) compilation covers high-yield updates from National Affairs, Banking & Finance, Economy, Defence, Science & Technology, Environment, Sports, Appointments, Awards, and State News. It is designed to help aspirants revise faster, retain better, and score higher in UPSC, SSC, Banking, Railways, Defence & State PSC exams.
📘 Weekly Current Affairs: 1–7 January 2026
1️⃣ Introduction – Why This Week Matters
The first week of January 2026 witnessed key developments in government schemes, defence modernisation, banking reforms, economic rankings, scientific innovation, and international diplomacy.
Questions from these areas are frequently asked in Prelims (facts, figures, schemes) and Mains (policy impact, governance, economy & technology).
2️⃣ Explanation / Main Content (Week-wise Consolidation)
🇮🇳 National Affairs
Vice President C.P. Radhakrishnan’s Southern India Visit
- States covered: Puducherry, Kerala, Tamil Nadu
- Focus: Education, housing, culture & social harmony
- Events: CBSE school block inauguration, Smart City housing, Kashi Tamil Sangamam 4.0
Jal Seva Aankalan Launched
- GP-led digital assessment under Jal Jeevan Mission
- Focus shifts from infrastructure → service delivery
- Mandatory completion by 26 January 2026
📊 Jal Seva Aankalan – Key Facts
| Aspect | Details |
|---|---|
| Ministry | Ministry of Jal Shakti |
| Implemented By | Gram Panchayats |
| Platform | JJM Panchayat Dashboard |
| Feedback Window | 30 days |
| Deadline | 26 January 2026 |
Defence Deals & Rail Safety
- MoD contracts worth ₹4,666 crore (CQB carbines, torpedoes)
- Kavach 4.0 commissioned on Bajwa–Ahmedabad section
→ Indigenous ATP system, SIL-4 safety standard
Union Cabinet Approvals
- NH-326 widening (Odisha): ₹1,526.21 cr
- 6-lane corridor (Maharashtra): ₹19,142 cr
- Aligned with PM GatiShakti National Master Plan
🏦 Banking & Finance
RBI Grants PA-CB Licence to BRISKPE
- Cross-border inward & outward payments
- Governed by PSS Act, 2007
- Transaction limit: ₹25 lakh
SEBI & Banking Reforms
- NISM Series-III-C certification mandatory for AIFs (from 1 Jan 2027)
- Small Savings Schemes rates unchanged for Q4 FY26
- RBI relaxed risk weights for NBFC infrastructure loans (from 1 April 2026)
Major Banking Launches
- India’s first Maritime NBFC: SMFCL (₹4,300 cr sanctioned)
- ICICI Bank launched CGAS (Type A & B accounts)
- IDFC FIRST Bank launched Zero-Forex Diamond Reserve Credit Card
- FSS received ISO/IEC 42001 (AI Management Systems)
📈 Economy & Business
India Becomes World’s 4th Largest Economy
- GDP: USD 4.18 trillion
- Overtook: Japan
- FY27 GDP growth projection: 6.9% (India Ratings & Research)
📊 India Economic Snapshot
| Indicator | Value |
|---|---|
| GDP Rank | 4th |
| GDP Size | USD 4.18 Trillion |
| Forex Reserves | USD 686.2 Billion |
| Q2 FY26 Growth | 8.2% |
| FDI (H1 FY26) | USD 51.8 Billion |
Trade & Aviation
- Air India – airBaltic codeshare (Riga, Tallinn, Vilnius)
- Market Access Support (MAS) Scheme launched (₹4,531 cr)
- MSME export boost: Interest subvention (2.75%) + credit guarantee
🛡️ Defence & Security
Indian Army Developments
- ‘Bhairav’ drone warfare force (15 battalions; target 25)
- Suryastra rocket system inducted
→ Range: 150–300 km | CEP < 5 m - 2026 declared as Year of Networking & Data Centricity
🔬 Science & Technology
- ISRO tested enhanced SSLV SS3 (payload +90 kg)
- DRDO tested Pralay missile (150–500 km)
- India’s first 3D-printed AWS under Mission Mausam
- SWaDeS portable water purification system launched
- Indian Pharmacopoeia 2026 released (3,340 monographs)
🌍 International Affairs
- Bulgaria adopted Euro (21st Eurozone member)
- AYUSH recognised in India-Oman CEPA & India-NZ FTA
- India–Pakistan nuclear installations list exchanged (35th time)
- Judicial cooperation with Bhutan launched
🌱 Environment & Agriculture
- 184 new crop varieties released
- India became world’s largest rice producer (2024–25)
- New snake species: Calamaria mizoramensis (Mizoram)
🏅 Awards, Sports & Culture
- Kaamya Karthikeyan – youngest Indian to ski to South Pole
- Meera Syal awarded Damehood (UK)
- World Rapid & Blitz Chess 2025 – Magnus Carlsen
- 72nd National Volleyball Championship – Varanasi
🏛️ Appointments & State News
| Position | Appointed |
|---|---|
| DGFT | Lav Aggarwal |
| CMD, FCI | Rabindra Kumar Agarwal |
| CJ, Jharkhand HC | Justice Mahesh S. Sonak |
| CJ, Sikkim HC | Justice A. Muhamed Mustaque |
- Tamil Nadu Assured Pension Scheme (TAPS) launched
- Radio Sangam (88.8 FM) launched in Rajouri, J&K
📌 One-Liner Points for Quick Weekly Revision
- India became world’s 4th largest economy in Jan 2026
- Jal Seva Aankalan deadline is 26 January 2026
- Kavach 4.0 operates at SIL-4 safety level
- Bhairav is Indian Army’s drone warfare force
- Suryastra rocket range is up to 300 km
- Bulgaria became 21st Eurozone member
- ISO/IEC 42001 relates to AI Management Systems
- Indian Pharmacopoeia 2026 has 3,340 monographs
- India became world’s largest rice producer (2024–25)
- Mission Mausam supports weather infrastructure
- MAS Scheme outlay is ₹4,531 crore
- PMMVY launched in 2017
- Pralay missile range is 150–500 km
- New snake species discovered in Mizoram
- 2026 is Indian Army’s Year of Networking & Data Centricity
❓ FAQs (Exam-Oriented)
Q1. Which scheme shifted focus from infrastructure to service delivery?
Jal Seva Aankalan
Q2. Which country did India overtake to become 4th largest economy?
Japan
Q3. What is Kavach 4.0?
Indigenous Automatic Train Protection system
Q4. Which act governs PA-CB authorisation?
Payment and Settlement Systems Act, 2007
Q5. Who projected India’s GDP growth at 6.9% for FY27?
India Ratings & Research
Q6. Which missile has a range of 150–500 km?
Pralay missile
Q7. Where was Radio Sangam launched?
Rajouri, Jammu & Kashmir
🔗 Useful Resources for Aspirants
- Weekly Current Affairs: https://jobsme.in/category/weekly-current-affairs
- Daily Current Affairs: https://jobsme.in/category/daily-current-affairs
- Daily Current Affairs Free Quizzes: https://jobsme.in/quizzes/daily-current-affairs
- Monthly Current Affairs: https://jobsme.in/category/monthly-current-affairs
- Static GK for Competitive Exams: https://jobsme.in/category/static-gk
- Latest Government Jobs: https://jobsme.in/jobs
JobsMe Weekly Current Affairs helps aspirants revise faster with structured notes, quizzes, PDFs, and exam-ready insights, ensuring an edge in UPSC, SSC, Banking, Railways & Defence exams.
