EduTips Daily CA Bullet Points (3 January 2026)

1) 🇮🇳National

• Air Marshal Nagesh Kapoor has officially taken charge as the Vice Chief of the Air Staff (VCAS) of the Indian Air Force, succeeding Air Marshal Narmdeshwar Tiwari.

• The Union Government has approved the third phase of the Electronics Components Manufacturing Scheme (ECMS) with a massive outlay of ₹41,863 crore to boost domestic production.

• Surat is on track to become India’s first slum-free city due to sustained urban planning and housing implementation.

• Himachal Pradesh's Tumman village in Mandi district received its first public bus service 78 years after Independence.

• The Centre has notified the appointments of new Chief Justices: Justice Sangam Kumar Sahoo for Patna High Court and Justice Revati Prashant Mohite Dere for Meghalaya High Court.

2) 🌍International

• Zohran Mamdani has been sworn in as the first Muslim mayor of Indian origin for New York City.

• Russia has reportedly deployed the nuclear-capable Oreshnik missile system in Belarus; the missile has a range of up to 5,500 km and speeds of Mach 10.

• Turkmenistan has formally legalised cryptocurrency mining and exchange operations, a major policy shift for the nation.

• Haiti Independence Day and Sudan Independence Day were observed globally (1 January), marking their respective liberation milestones.

3) 💰Economy

• UPI transactions in December 2025 recorded a significant year-on-year increase of 29%, showcasing the continued growth of digital payments in India.

• Indian Bank reported a 13.4% growth in total business, reaching ₹14.3 lakh crore in its Q3 FY26 update.

• Nifty 50 hit a fresh all-time high of 26,340 on the second trading day of 2026, driven by strong corporate updates.

• Oil marketing companies have increased the prices of commercial LPG cylinders effective from 1 January, while domestic rates remain unchanged.

4) 🗓️Date’s importance

• 3 January: Birth anniversary of Savitribai Phule (1831), India's first female teacher and a pioneer of women's education.

• Religious Observance: Duruthu Full Moon Poya is celebrated in Sri Lanka, marking the first visit of Buddha to the island.

• Historical Fact: On 3 January 1959, Alaska was admitted as the 49th U.S. state.

5) 👱‍♂️👩‍🦳Person of the day

• Vaibhav Suryavanshi: The 14-year-old cricket prodigy is leading the India Under-19 team in the Youth ODI series against South Africa starting today in Benoni.

• J.R.R. Tolkien: The legendary author of The Hobbit and The Lord of the Rings was born on this day in 1892.

6) 🏅Sports

• India U-19 vs South Africa U-19: The first Youth ODI of the three-match series commences today at Willowmoore Park, Benoni.

• U-19 World Cup 2026: Scheduled to begin on 15 January in Zimbabwe and Namibia; India is placed in Group B with the USA, New Zealand, and Bangladesh.

• Hugh Morris: Former England and Glamorgan cricketer passed away at the age of 62.

7) 🏆Awards

• ISO Certification: The Tripura State Load Dispatch Centre has become the first such facility in Northeast India to secure ISO/IEC certification for cyber security.

• History: On this day in 1987, Aretha Franklin became the first woman to be inducted into the Rock & Roll Hall of Fame.

8) ⭐️Other important significance

• Tiger Conservation: Data from the NTCA shows India recorded 166 tiger deaths in 2025, a sharp rise that has raised concerns among conservationists.

• Bullet Train Project: National High Speed Rail Corporation announced that India's first bullet train (Mumbai-Ahmedabad) is targeted for launch on 15 August 2027.

📚Word of the day

• Febrile

• Meaning: Characterised by a great deal of nervous excitement or energy; (medically) having or showing the symptoms of a fever.

• Example: The stadium had a febrile atmosphere as the fans awaited the final whistle of the championship match.