Top Current Affairs – 27 January 2026

1. Historic India–EU Free Trade Agreement Signed

In a major diplomatic and economic development, India and the European Union (EU) have formally concluded a landmark Free Trade Agreement (FTA) on 27 January 2026 after nearly two decades of negotiations.

This deal, hailed by both sides as one of the most significant trade pacts in recent history, aims to boost trade, investment, and cooperation between two of the world’s largest markets—India and the EU member nations.

Key aspects of the agreement include:

• Major reduction or elimination of tariffs on a broad range of goods and services.

• Better access to European markets for Indian textiles, gems, and pharmaceuticals.

• Easier entry for EU automobiles, wines, and processed foods into India.

• Cooperation in technology, services, and investment sectors.

The deal is expected to strengthen global economic ties and diversify trade pathways amid shifting geopolitical landscapes. Ratification by EU member states and India’s Parliament will follow, with implementation likely in early 2027.

This FTA coincided with India’s 77th Republic Day celebrations, adding a strong international dimension to the event.

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2. Republic Day Celebrations Across India

26 January 2026 marked India’s 77th Republic Day—a day when the Constitution came into force in 1950. The celebrations were highlighted by a grand parade at Kartavya Path, New Delhi, showcasing India’s cultural diversity, defence strength, and technological capabilities.

Internationally, Indian missions and communities celebrated with flag hoisting and cultural programs around the world, reflecting pride and patriotic fervour in the Indian diaspora.

In Punjab, following Republic Day celebrations, all schools remained closed on 27 January 2026 as a holiday was declared to allow students and teachers to rest and reflect.

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3. Update: Non-Vegetarian Food Soon on Vande Bharat Sleepers

Passengers aboard the Howrah–Kamakhya Vande Bharat Sleeper Train may soon get the option of non-vegetarian meals. Officials announced this change after passengers raised concerns about the limited food choices on the newly introduced service.

This decision shows how passenger feedback is influencing upgrades in India’s premium railway services.

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4. Military Power Rankings 2026

According to a new index released today, the United States continues to lead global military strength in 2026. The rankings also showed movements among other nations, with some countries improving their standings while others, like Pakistan and the UK, saw changes compared to previous years. India maintained a strong position within the top global powers, reflecting ongoing military modernization efforts.

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5. International Extreme Weather and Disasters

Across the Northern Hemisphere, powerful winter storms caused major disruptions:

• In the United States, a fierce winter storm knocked out power, grounded flights, and led to multiple casualties.

• Major airlines cancelled flights across key hubs due to heavy snow and high winds affecting the region.

These events highlight the ongoing impacts of extreme weather amid changing climate patterns.

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Important National Developments (India)

6. Renewable Energy and Infrastructure Push

India continues its strong momentum in clean energy. As of early 2026, the country’s total renewable energy capacity reached 198 GW, with solar and wind making up the majority share. This progress brings India closer to its 2030 climate and energy targets.

Indian Railways also reported that 94% of broad gauge routes are now electrified, improving efficiency and lowering carbon emissions.

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7. Digital India and Healthcare Expansion

• India’s internet user base surpassed 950 million, showing significant growth in digital penetration.

• The Ayushman Bharat Digital Mission expanded its digital health records initiative to include over 350 million citizens, integrating artificial intelligence for diagnostics and improving telemedicine access in remote areas.

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8. Environmental Regulation Strengthened

The Supreme Court of India issued a notable ruling requiring stricter environmental impact assessments for large infrastructure projects in sensitive ecological zones. This landmark decision aims to protect fragile ecosystems from unchecked development.

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9. Archaeological Discovery in Tamil Nadu

Archaeologists in Tamil Nadu unearthed ancient maritime trade artifacts dating back to the 2nd century BCE, including Roman coins and pottery. These findings shed light on India’s early international trade links during the Sangam period.

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Key International Affairs

10. Global Climate Finance Breakthrough

At a recent United Nations meeting in Geneva, developed nations agreed on a new climate finance framework, pledging $180 billion annually to help developing countries adapt to climate change. The agreement includes transparent accountability and technology transfer provisions.

This deal sets positive momentum ahead of upcoming global climate discussions.

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11. Shift in European Economic Policy

The European Central Bank announced a 0.25% cut in its key interest rate, aiming to boost growth and investment across the Eurozone. It’s part of a series of reductions to support the region’s economic recovery.

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12. U.S. Proposes AI Regulation Framework

The U.S. Federal Trade Commission moved forward with proposed regulations for artificial intelligence companies. These include mandatory safety audits, bias testing, and transparency requirements for AI systems.

This move reflects growing global attention to responsible AI governance.

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Economic Highlights

13. Strong GST Collections and Market Rally

India’s GST revenue for December 2025 hit a record high, reflecting increased economic activity and better tax compliance.

The Indian stock markets also rallied, with the BSE Sensex crossing 85,000 points for the first time, boosted by strong corporate performance and foreign investment interest.

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14. Banking and Monetary Policy Updates

In its latest review, the Reserve Bank of India kept the repo rate steady, balancing inflation control with growth support. The central bank’s stance continues to focus on nurturing economic recovery while watching global commodity prices.

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Science & Technology Advances

15. ISRO Boosts Connectivity

The Indian Space Research Organisation (ISRO) successfully launched the GSAT-24 advanced communication satellite, enhancing broadband access in remote regions and strengthening India’s role in the commercial satellite industry.

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16. AI Breakthrough in Healthcare

Scientists at the Indian Institute of Science, Bangalore developed a new AI-based algorithm capable of detecting cardiovascular diseases early with high accuracy using simple health metrics. This innovation could revolutionize preventive healthcare, especially in underserved areas