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GK Update

Sat 07 Feb, 2026

National News

Beta Version of MCP Server Launched

  • The National Statistical Office (NSO) has launched the beta version of the Model Context Protocol (MCP) server for its eSankhyiki portal.
  • MCP is a technology that allows users to directly connect with datasets through their AI tools and applications.

eSankhyiki Portal:

  • It is a centralized platform of the Government of India, developed for the management and dissemination of official statistical data.
  • Launch: In 2024

The portal is divided into two main parts:

  • Data Catalogue Module: This lists the key data assets of the ministry in one place. It includes more than 2291 datasets, which users can easily search and download.
  • Macro Indicators Module: This provides time-series data of key economic indicators (such as CPI, IIP, and National Accounts Statistics). It includes features for filtering and visualizing (charts/graphs) the data.

'Bastar Pandum Festival' Inaugurated

  • The 'Bastar Pandum Festival' was inaugurated by President Droupadi Murmu in Jagdalpur, the headquarters of the Bastar division in Chhattisgarh.

'Bastar Pandum Festival':

  • Format of the event: This festival is organized in three phases: Gram Panchayat level, Block/District level, and finally, the Divisional and State-level closing ceremony.
  • Competitions: This year, competitions are being held in 12 cultural categories, with more than 700 artists from 84 teams participating.
  • Main categories: Tribal dance, folk songs, traditional cuisine, indigenous musical instruments, handicrafts, tribal drama, and traditional attire.

Agreement between the Central Government, Nagaland Government, and ENPO

  • The Central Government, the Nagaland Government, and the Eastern Nagaland Peoples' Organisation (ENPO) have signed an agreement for the formation of the Frontier Nagaland Territorial Authority (FNTA).

Relevant Facts:

  • Objective of the Agreement: To establish the Frontier Nagaland Territorial Authority (FNTA) in six backward districts of Nagaland.
  • Six Districts Included: Tuensang, Mon, Kiphire, Longleng, Noklak, and Shamator
  • Transfer of Powers: Under this agreement, powers related to 46 subjects (such as land, rural development, agriculture, etc.) will be transferred to the FNTA.

'Frontier Nagaland Territorial Authority' (FNTA):

  • Why it was needed: This is a historic administrative reform in the history of Nagaland.
  • Background: The Eastern Nagaland Peoples' Organisation (ENPO) had been demanding a separate state called 'Frontier Nagaland' since 2010. The Central Government proposed the FNTA under a "unique arrangement" to ensure development without division.
  • Administrative Structure: The FNTA will have a total of 49 members. Of these, 40 members will be elected through direct elections, while 9 members will be nominated by the Governor.
  • Financial Autonomy: The Central Government will directly allocate the budget to the FNTA for the development of these areas, which will be separate from the state's general budget.
  • Constitutional Status: The agreement clarifies that the establishment of the FNTA will not affect Article 371(A) of the Indian Constitution.
  • Headquarters: Its secretariat will be established in a major district of Eastern Nagaland (possibly Tuensang), headed by an officer of the Additional Chief Secretary level.

Note: The Eastern Nagaland Peoples' Organisation (ENPO) is the apex body of eight recognized Naga tribes of the six eastern districts of Nagaland.

Defence News

24th India-US Joint Technical Group Plenary Meeting

  • The Defence Research and Development Organisation (DRDO) hosted the 24th India-US Joint Technical Group (JTG) plenary meeting to promote cooperation in defence science and technology.

Key Facts:

  • Location: New Delhi
  • Co-chaired by: The Indian side was led by Dr. Chandrika Kaushik, Director General of DRDO, and the US delegation was led by Assistant Secretary of Defense Michael Francis Dod.
  • Objective: To deepen bilateral cooperation in the field of defence science and technology and promote innovation in critical and emerging technologies (iCET).
  • Defence Research and Development Organisation (DRDO):
  • A premier defence research institution of the Ministry of Defence
  • Established: 1958
  • Headquarters: New Delhi
  • Motto: "Balasya Mulam Vigyanam" (The source of strength is science)
  • Current Chairman: Dr. Samir V. Kamat, whose tenure has been extended until May 2026

Economy and Banking

Monetary Policy Committee Meeting: February 2026

  • The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) announced the outcomes of its bi-monthly review meeting on February 6, 2026.

Key Policy Rates and Announcements:

  • Repo Rate: Unchanged at 5.25%
  • Policy Stance: 'Neutral' maintained (by a 5:1 majority)
  • SDF Rate: Stable at 5.00%
  • MSF and Bank Rate: Stable at 5.50%
  • GDP Growth (FY 2025-26): Real GDP growth forecast revised upwards to 7.4% (previous estimate was 7.3%).
  • Inflation: Retail inflation (CPI) forecast for FY 2025-26 revised to 2.1%.
  • Next Year's Projections (FY 2026-27): GDP growth projected at 6.9% for the first quarter (Q1) and 7% for the second quarter (Q2).
  • MSME Loans: Collateral-free loan limit increased from ₹10 lakh to ₹20 lakh.

Domestic Production of Phosphate and Potassium Fertilizers: On a Monthly Basis

  • In January 2026, the domestic production of phosphate and potassium fertilizers increased to 15.76 lakh metric tons.
  • Fertilizers:
  • These are substances that increase the fertility of the soil and provide essential nutrients to plants.
  • Plants require 17 essential nutrients, which are mainly divided into two categories:

Macronutrients:

  • Primary: Nitrogen (N), Phosphorus (P), Potassium (K)
  • Secondary: Calcium (Ca), Magnesium (Mg), Sulfur (S)

Micronutrients:

  • Iron (Fe), Manganese (Mn), Boron (B), Zinc (Zn), Copper (Cu), Molybdenum (Mo), Chlorine (Cl), and Nickel (Ni)
  • For the financial year 2026–27, the Department of Fertilizers has been allocated an estimated net amount of ₹1.71 lakh crore.

Rooftop Solar Financing Program: Axis Bank

  • Axis Bank has launched a new program called Rooftop Solar Financing to help Micro, Small, and Medium Enterprises (MSMEs) transition to solar energy.

Key features of the loan scheme:

  • Collateral-Free Loans: MSMEs can avail loans ranging from ₹10 lakh to ₹2 crore without pledging any assets.
  • Flexible Tenure: The repayment period under this scheme is between 4 and 7 years, making it easier for businesses to manage payments according to their cash flow.
  • Objective: The primary objective is to help MSMEs adopt solar energy so they can reduce their operating expenses and gain better control over energy costs.
  • Partnerships: The bank has collaborated with leading Original Equipment Manufacturers (OEMs) to ensure quality and with a technical partner for cost transparency.

Appointments

Rohit Rishi

  • Rohit Rishi has assumed charge as Director at the government-owned India Infrastructure Finance Company Limited (IIFCL).
  • Previously, Rishi was an Executive Director at Bank of Maharashtra.

India Infrastructure Finance Company Limited (IIFCL):

  • A leading financial institution wholly owned by the Government of India.
  • Established: 2006
  • Headquarters: New Delhi
  • It is registered with the Reserve Bank of India (RBI) as an NBFC-IFC (Non-Banking Financial Company - Infrastructure Finance Company).

Books and Authors

Three Books Launched by Bharat Law House Private Limited

  • Bharat Law House Private Limited launched three insightful books authored by Advocate Suresh Sharma and Advocate Varun Sharma.

Books:

  • GST: Search, Seizure, Summons and Arrest: This book provides detailed and practical insights into the enforcement aspects of GST law.
  • GST Litigation – A Practical Guide: This book demystifies the complexities of GST litigation and serves as a guide for professionals.
  • The First-Generation Lawyer: This is a memoir written by Advocate Varun Sharma, sharing the challenges and experiences of building a career in this profession without any family legal background.
  • Other Details:
  • Venue: Fortune Select Exotica, Navi Mumbai
  • Chief Guest: Hon'ble Mr. Vinayak Harish Vishwas, Additional Chief Judicial Magistrate (Belapur)
  • Host: Mr. Ravi Puliyani, Director, Bharat Law House Private Limited

Sports News

'Under-19 ICC World Cup 2026'

  • India defeated England by 100 runs to win the 'Under-19 ICC World Cup 2026' title.

Related Facts:

  • Hosts: Zimbabwe and Namibia
  • Duration: January 15 to February 6, 2026
  • Winner: India (6th title)
  • Runner-up: England
  • Format: 16 teams, 41 matches in total (Group Stage, Super Six and Knockout)
  • India's score: 411/9 (50 overs)
  • England's score: 311 (40.2 overs)
  • Player of the Match and Player of the Tournament: Vaibhav Suryavanshi
  • Most Runs: Ben Mayes of England (444 runs)
  • Most Wickets: Manny Lumsden (16 wickets)

Participating Teams and Groups:

  • Group A: Australia, Sri Lanka, Ireland, Japan
  • Group B: India, Bangladesh, New Zealand, USA
  • Group C: England, Pakistan, Zimbabwe (Hosts), Scotland
  • Group D: Afghanistan, South Africa, West Indies, Tanzania (Debut)

 

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