Highlights
- Netaji: 23 January is Parakram Diwas, birth anniversary of Netaji Subhas Chandra Bose (born 1897).
- Economy: RBI Monetary Policy Committee minutes released: repo rate held at 6.25%; inflation outlook 4.2% for FY26.
- Environment: Global Forest Watch: India lost 168,000 ha of tree cover in 2024; primary tropical forest loss down 20% year-on-year.
- Science: Scientists discover a new ancient virus (Paleoviridae) revived from 30,000-year-old Siberian permafrost.
- International: ECOSOC 80th anniversary formal session, New York.
1. Parakram Diwas: Netaji Subhas Chandra Bose
GS area: Modern History, Governance
23 January is Netaji Jayanti, observed as Parakram Diwas since 2021.
- Birth: 23 January 1897, Cuttack, Odisha (then part of undivided Bengal Presidency).
- Parakram Diwas: Declared by the Government of India in 2021, on the 125th birth anniversary.
- Indian National Army (INA): Bose reorganised the INA (originally formed by Mohan Singh in 1942 from Indian prisoners of war in Singapore). Renamed it Azad Hind Fauj.
- Azad Hind Government: Proclaimed on 21 October 1943 in Singapore; received recognition from nine Axis-aligned nations.
- Slogan: "Give me blood, and I shall give you freedom" and "Jai Hind."
- Singapore National Monument: The former Syonan Museum (now Indian Heritage Centre area) marks INA presence in Singapore.
- Fate: Bose died in an air crash in Taipei on 18 August 1945 (official account). The Mukherjee Commission (2006) found this inconclusive, but no alternative is officially accepted.
- Subhas Chandra Bose Aapda Prabandhan Puraskar: Award given on Parakram Diwas for outstanding work in disaster management.
Static linkage: Freedom struggle, INA, national days.
2. RBI Monetary Policy Committee: repo rate decision
GS area: Economy
The MPC minutes for the December 2025 meeting were released; repo rate was held at 6.25%.
- Repo rate: The rate at which RBI lends overnight to commercial banks. Controlling repo rate influences bank lending rates and thereby inflation and growth.
- Decision: Unanimous hold at 6.25%. The last cut was in October 2025 (from 6.50% to 6.25%).
- Inflation: CPI inflation projected at 4.2% for FY26, within the 2-6% target band. Food inflation remains elevated (6.2%) due to vegetable prices.
- Growth: RBI projects real GDP growth of 6.6% for FY26.
- MPC composition: 6 members; 3 from RBI (Governor, Deputy Governor and one executive director) and 3 external experts appointed by the Central Government. Governor casts the deciding vote in case of a tie.
- Mandate: Flexible inflation targeting with a 4% target and a 2% band on either side.
Static linkage: Monetary policy, RBI, inflation targeting.
3. Global Forest Watch: India's tree cover loss
GS area: Environment
Global Forest Watch (GFW) reported that India lost 168,000 hectares of tree cover in 2024.
- Primary vs total tree cover loss: Primary forest loss (old-growth, high-biodiversity forests) matters more than plantation cover loss. India's primary tropical forest loss was down 20% from 2023.
- Drivers in India: Encroachment, linear infrastructure (roads, railways), mines, shifting cultivation in northeast.
- GFW platform: Run by World Resources Institute (WRI). Uses satellite data (Landsat) to track tree cover changes globally.
- India State of Forest Report 2023 (ISFR): Published by Forest Survey of India (FSI); shows total forest cover (including plantations) at 21.76% of geographic area.
- ISFR vs GFW methodology: GFW counts any tree canopy loss; ISFR uses legal definition of "forest." These produce different numbers and are not directly comparable.
- India's forest targets: Nationally Determined Contribution (NDC) commits to creating an additional carbon sink of 2.5 to 3 billion tonnes of CO2 equivalent through forests by 2030.
Static linkage: Forest conservation, NDC, FSI.
4. Ancient permafrost virus revival
GS area: Science and Technology, Environment
Scientists published research on reviving a 30,000-year-old virus from Siberian permafrost.
- Virus type: Pithovirus genus (giant virus, visible under light microscope). Part of a group called Paleoviridae.
- Age: Approximately 30,000 years old.
- Source: Siberian permafrost samples.
- Infectiousness: Demonstrated infection of amoeba cells under laboratory conditions. Not known to infect humans or animals.
- Permafrost thaw concern: As Arctic permafrost thaws due to climate change, ancient viruses, bacteria and organic material are being exposed. Scientists warn of potential unknown pathogens emerging.
- Arctic permafrost: Contains approximately 1.5 trillion tonnes of organic carbon (twice the amount currently in the atmosphere). If it thaws, CO2 and methane release would accelerate warming (positive feedback loop).
Static linkage: Climate change, permafrost, biosafety.
5. ECOSOC 80th anniversary
GS area: International Relations
The formal session marking ECOSOC's 80th anniversary was held in New York on 23 January 2026.
- Established: Under Chapter X of the UN Charter, 1945.
- Mandate: Coordinate economic, social, cultural, educational and health work of the UN; make recommendations to the General Assembly and member states.
- Membership: 54 nations; elected for 3-year terms by the General Assembly. Seats distributed by region.
- Significance: Parent body of UNICEF, UNDP, UNHCR governing boards. Co-ordinator of 14 specialised agencies including WHO, FAO, UNESCO, ILO, IMF and World Bank (as associated bodies).
- HLPF 2026: ECOSOC will host the High-Level Political Forum on Sustainable Development in July 2026, mid-point review of the 2030 SDG Agenda.
Static linkage: UN system, SDGs, international institutions.
6. India's water treaty negotiations: Indus Waters Treaty review
GS area: International Relations, Water
India formally notified Pakistan in 2023 of its intent to renegotiate the Indus Waters Treaty (IWT). January 2026 brought updates.
- IWT 1960: Brokered by World Bank; partition of Indus basin rivers. India gets eastern rivers (Sutlej, Beas, Ravi). Pakistan gets western rivers (Indus, Jhelum, Chenab).
- India's complaints: Pakistan-sponsored terrorism affects project financing. Climate change has altered river flows significantly since 1960. India's projects on western rivers face persistent Pakistani objections at Permanent Indus Commission.
- India's position (2023 notice): First ever renegotiation notice. Based on Article XII(3) of the IWT which allows renegotiation in extraordinary circumstances.
- Pakistan's response: Rejected India's notice; referred to Permanent Court of Arbitration.
- Kishanganga and Ratle projects: Two hydropower projects on western rivers where India and Pakistan have disputed positions; both under arbitration.
Static linkage: Indus Waters Treaty, transboundary water.
7. Padma Awards 2026 announced
GS area: Governance, Culture
The Padma Awards for 2026 were announced on the eve of Republic Day (25 January).
- Categories: Padma Vibhushan (highest civilian honour), Padma Bhushan and Padma Shri.
- Total awards 2026: 119 awards (7 Padma Vibhushan, 19 Padma Bhushan, 93 Padma Shri).
- Posthumous awards: 7 awardees were posthumous.
- Selection process: Committee chaired by Cabinet Secretary makes recommendations to PM; President approves and confers.
- Constitution basis: Padma Awards are conferred under Article 18(2) of the Constitution, which prohibits citizens from using decorations as titles. Padma awards are civilian decorations, not titles.
- Note: Sitting Members of Parliament, Ministers and Governors are ineligible (except for exceptional distinguished services in social work).
Static linkage: Padma Awards, governance, civilian honours.
8. Briefly noted
- Cyber crime statistics: National Crime Records Bureau (NCRB) 2025 report: India recorded 1.13 crore cybercrime complaints in 2024, 383% increase from 2021. Highest in UP, Maharashtra and Karnataka. Financial fraud was 77% of all complaints.
- SARAS fair 2026: Annual fair for SHG products curated by NRLM (National Rural Livelihood Mission) held at Dilli Haat, New Delhi in January 2026. Over 3,000 SHG artisans from 30 states participate.
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