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GS Paper-3

India–U.S. Trade Understanding 2026: Rebalancing Commerce, Deepening Strategic Ties

04-Feb-2026

India has committed to importing goods worth $100 billion annually from the United States for five years as part of a broader trade understanding that also involves significant tariff reductions by the U.S. The move comes after a phase of escalating trade tensions, particularly the U.S. decision in August 2025 to raise tariffs on Indian goods to 50%, and marks a major recalibration of bilateral economic relations.

Moltbook Platform

03-Feb-2026

An emerging online platform called Moltbook has become a topic of discussion globally. This is because artificial intelligence (AI) agents are sharing content on their own, forming communities, and even developing their own belief systems and governance structures.

Expansion of India’s Wetland Network: Two New Ramsar Sites Added

03-Feb-2026

Ahead of World Wetlands Day, the Union Minister for Environment, Forest and Climate Change announced the addition of two new wetlands to India’s Ramsar network, strengthening the country’s commitment to wetland conservation and biodiversity protection.

Biopharma SHAKTI: Building India as a Global Biopharmaceutical Manufacturing Hub

03-Feb-2026

In the Union Budget 2026–27, the Union Minister for Finance announced the launch of the Biopharma SHAKTI initiative to strengthen India’s position in the global biopharmaceutical value chain and expand domestic capabilities in advanced therapies.

Customs Duty Reforms in Union Budget 2026–27: Understanding Basic Customs Duty (BCD)

03-Feb-2026

The Union Budget 2026–27 has proposed a complete exemption from Basic Customs Duty (BCD) on 17 cancer-related drugs and medicines, providing immediate financial relief to patients suffering from cancer and rare diseases and signalling a policy shift towards healthcare affordability.

Capital Market Tax Changes: Understanding Securities Transaction Tax (STT)

03-Feb-2026

The Finance Minister has proposed a sharp increase—by up to 150%—in the Securities Transaction Tax (STT) on both futures and options (F&O) trading. This move is aimed at curbing excessive speculation, improving market stability, and boosting government revenues from capital market activity.

Bharat-VISTAAR: AI-Powered Digital Backbone for Smart Agriculture

03-Feb-2026

The Union Finance Minister has proposed the launch of Bharat-VISTAAR, a new digital tool for the agriculture sector, aimed at transforming farm advisory services through artificial intelligence (AI) and integrated data systems.

Exercise Agni Pariksha: Strengthening Army–ITBP Combat Synergy in High-Altitude Terrain

02-Feb-2026

The Indian Army and the Indo-Tibetan Border Police (ITBP) recently conducted a joint exercise named Agni Pariksha in Arunachal Pradesh to enhance inter-force combat coordination, operational integration, and preparedness in high-altitude and border-area scenarios.

Autism Treatment and Stem Cell Therapy

02-Feb-2026

In a significant decision, the Supreme Court clarified that stem cell therapy for the treatment of autism spectrum disorder (ASD) cannot be offered as a routine medical service. According to the Court, it should be limited to duly approved and monitored clinical trials or research settings.

Union Budget 2026: Rethinking Priorities for Urban India’s Growth

02-Feb-2026

The Union Budget 2026 has reduced central allocations for urban development by 11.6%, triggering debate over the government’s commitment to India’s cities at a time of rapid urbanisation, infrastructure stress, and climate vulnerability.

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