EduTips Daily CA Bullet Points (02 February 2026)
🇮🇳National Ramsar Sites Expansion: India's total number of Ramsar sites has increased to 98 with the inclusion of new wetlands, including the Patna Bird Sanctuary in Etah, Uttar Pradesh. Budget 2026 Highlights: The Union Government has raised the capital expenditure for FY27 to ₹12.2 Lakh Crore, focusing on a massive infrastructure push and 20 new National Waterways. New Baggage Rules: Effective from midnight today, the government has raised the duty-free limit for imported goods brought by tourists to ₹75,000, replacing decade-old regulations. Health Initiative: Import duty on 17 essential cancer medicines has been removed to improve affordability and access for patients. 🌍International Global Healthcare AI Congress: World leaders and policymakers have gathered in London for the International Consensus Summit to discuss the future of AI in healthcare. Agricultural Protests: Farmers across Europe, specifically in Spain, continue massive protests against the EU-Mercosur trade deal and rising economic costs. South Africa Anniversary: Today marks the 36th anniversary of the 1990 lifting of the ban on the African National Congress (ANC) by President F.W. de Klerk. 💰Economy Banking Rule Changes: New service charges and KYC norms have come into effect for SBI, HDFC, ICICI, and PNB. PNB has set today as the final deadline for pending KYC updates to avoid account restrictions. Stock Market Volatility: Indian indices (Sensex and Nifty 50) witnessed a sharp decline following the hike in Securities Transaction Tax (STT) on derivatives (Futures raised to 0.05%; Options to 0.15%). Fiscal Deficit Target: The Union Budget 2026 has set a revised fiscal deficit target of 4.3% for FY27. 🗓️Date’s importance World Wetlands Day: Observed globally on 2 February to raise awareness about the vital role of wetlands for people and our planet. Historical Milestone (1943): This day marks the conclusion of the Battle of Stalingrad with the surrender of the German Sixth Army, a major turning point in World War II. 👱♂️👩🦳Person of the day Steven Spielberg: The legendary filmmaker has officially achieved EGOT status (Emmy, Grammy, Oscar, Tony) after winning his first Grammy Award at the 68th annual ceremony. 🏅Sports Australian Open 2026: Carlos Alcaraz defeated Novak Djokovic to win his first Australian Open title, becoming the youngest man to complete the career Grand Slam. NBA Trades: The trade deadline buzz intensifies as Australian player Duop Reath was traded from the Portland Trail Blazers to the Atlanta Hawks. 🏆Awards 68th Grammy Awards: Held in Los Angeles; Kendrick Lamar led the nominations with nine, while the event celebrated a diverse group of "Best New Artist" nominees including Leon Thomas and Olivia Dean. ⭐️Other important significance SSC MTS Update: The Staff Selection Commission has released the City Intimation Slip for the 2025 Multi-Tasking Staff (MTS) and Havaldar examination scheduled for February 4. 📚Word of the day Altruistic (adj.) Meaning: Showing a disinterested and selfless concern for the well-being of others. Usage: The billionaire’s decision to fund the local hospital was seen as a truly altruistic gesture.