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Daily Current Affairs: 3 February 2025

Current affairs of 3 February 2025: Budget 2025-26 Agriculture Measures: Makhana Board, KCC Limit; Budget 2025-26 Farm Schemes: Dhan-Dhaanya Yojana and More; Budget 2025-26: MSME Credit Guarantee and Startup Support, and 23 more topics. Key facts for every exam, with a quiz.

Take the quiz (10 questions)February 2025
26 TOPICSDaily CurrentAffairs3 February 2025In focus: Budget 2025-26 Agriculture Measures:…safalsetu.com

In this issue: 26 topics

National Affairs

  1. Budget 2025-26 Tourism Push and Gyan Bharatam Mission
  2. Union Budget 2025-26: Sabka Vikas and Viksit Bharat Vision
  3. Nuclear Energy Mission and Power Reforms in Budget 2025-26
  4. India Post in Budget 2025-26: Rural Economy and Logistics Role

Government Schemes

  1. Budget 2025-26 Education, Skilling and Research Measures
  2. Budget 2025-26 Health and Nutrition Announcements
  3. Jal Jeevan Mission Gets ₹67,000 Crore and Extension to 2028

Banking & Finance

  1. Budget 2025-26 Financial Sector Reforms: Insurance FDI 100%
  2. Grameen Credit Score: Individual Loans for SHG Members

Economy

  1. Budget 2025-26: MSME Credit Guarantee and Startup Support
  2. Budget 2025-26 Export Push: BharatTradeNet and GCC Framework
  3. Budget 2025-26 Urban Development, Housing and Gig Workers
  4. Budget 2025-26 Maritime and Aviation Measures Explained
  5. Budget 2025-26 Infrastructure, PPP and Asset Monetisation Plan
  6. Budget 2025-26 Customs Reforms: Tariffs, Exports, Manufacturing
  7. Budget 2025-26 Direct Tax Changes: Income Tax, TDS and TCS
  8. National Manufacturing Mission in Budget 2025-26: Key Points
  9. Middle-Class Demand and Tax Cuts: Budget 2025-26 Analysis
  10. Budget 2025-26 Economic Agenda: Regulation, FDI and Tax Reform
  11. Electronics Manufacturing: Budget 2025 Tax Relief for Foreign Experts
  12. Union Budget 2025-26: Tax Growth, Inflation and PSU Sales

International Affairs

  1. US Tariffs on Canada, Mexico, China: Reactions Explained

Agriculture & Rural

  1. Budget 2025-26 Agriculture Measures: Makhana Board, KCC Limit
  2. Budget 2025-26 Farm Schemes: Dhan-Dhaanya Yojana and More
  3. Agriculture in Budget 2025-26: KCC Limit, Pulses, Makhana Board

Science & Technology

  1. Genomics and AI: Cancer Research, Limits and Privacy

National Affairs

Economy

1. Budget 2025-26 Tourism Push and Gyan Bharatam Mission

  • Budget 2025-26 will develop the top 50 tourist destinations in challenge mode with states.
  • Homestays will get MUDRA loan support; medical tourism will be promoted under 'Heal in India'.
  • Gyan Bharatam Mission will document and conserve manuscripts and build a National Digital Repository of Indian knowledge systems.
  • The four growth engines named are Agriculture, MSMEs, Investment and Exports.
Full notes and 3 MCQs ›
Economy

2. Union Budget 2025-26: Sabka Vikas and Viksit Bharat Vision

  • Union Budget 2025-26 names four growth drivers: Agriculture, MSMEs, Investment and Exports.
  • Reforms are promised in six areas: taxation, power, urban development, mining, financial sector and regulation.
  • The Finance Minister listed ten broad focus areas for the coming years.
  • The Budget speech called the next five years a singular chance to realise 'Sabka Vikas'.
Full notes and 3 MCQs ›

Government Schemes

Banking & Finance

Economy

Economy

10. Budget 2025-26: MSME Credit Guarantee and Startup Support

  • Credit guarantee cover for micro and small enterprises rises from ₹5 crore to ₹10 crore, unlocking ₹1.5 lakh crore extra credit in five years.
  • Startups get cover up to ₹20 crore (from ₹10 crore) with a 1% guarantee fee in 27 focus sectors.
  • Udyam-registered micro enterprises get ₹5 lakh customised credit cards; 10 lakh cards targeted in year one.
  • A new Fund of Funds with ₹10,000 crore and an Export Promotion Mission were announced.
Full notes and 3 MCQs ›
Economy

15. Budget 2025-26 Customs Reforms: Tariffs, Exports, Manufacturing

  • Budget 2025-26 removes seven industrial tariff rates, leaving eight rates including zero; Social Welfare Surcharge is exempted on 82 tariff lines.
  • 36 life-saving drugs get full Basic Customs Duty exemption and 6 more medicines attract 5% concessional duty.
  • BCD exemption for shipbuilding inputs is extended by 10 years.
  • Provisional assessments under the Customs Act must be finalised within two years, extendable by one.
Full notes and 3 MCQs ›
Economy

16. Budget 2025-26 Direct Tax Changes: Income Tax, TDS and TCS

  • No income tax up to Rs 12 lakh under the new regime; Rs 12.75 lakh for salaried taxpayers after the Rs 75,000 standard deduction.
  • TDS limit on senior citizens' interest doubles from Rs 50,000 to Rs 1 lakh; TDS on rent threshold rises from Rs 2.4 lakh to Rs 6 lakh.
  • TCS threshold under the Liberalised Remittance Scheme rises from Rs 7 lakh to Rs 10 lakh.
  • Time to file an updated income tax return extends from 2 years to 4 years.
Full notes and 3 MCQs ›
Economy

20. Electronics Manufacturing: Budget 2025 Tax Relief for Foreign Experts

  • A presumptive regime would tax only 25% of remuneration of non-residents working for electronics manufacturers.
  • A safe harbour will cover non-residents who store electronics manufacturing components in India.
  • The sector is expected to double to over $200 billion in three to four years.
  • India AI Mission received ₹2,000 crore; the semiconductor fab scheme rose from ₹1,200 crore to ₹2,500 crore.
Full notes and 3 MCQs ›

International Affairs

Agriculture & Rural

Economy

23. Budget 2025-26 Agriculture Measures: Makhana Board, KCC Limit

  • Budget 2025-26 calls agriculture the first engine of development.
  • A Makhana Board will be set up in Bihar.
  • KCC short-term loan limit under Modified Interest Subvention Scheme rises from ₹3 lakh to ₹5 lakh, covering 7.7 crore users.
  • A new urea plant with 12.7 lakh metric tons yearly capacity is planned at Namrup, Assam.
  • A five-year cotton productivity mission and a 100+ seed varieties mission were announced.
Full notes and 3 MCQs ›

Science & Technology

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