Digital Team
India enters January 2, 2026, amid key economic signals, policy decisions, market movements, and social developments shaping the national narrative. From fiscal trends and price hikes to major infrastructure, science, culture, and sports updates, Daily Dozes brings you a concise roundup of the Top 25 News of India that defined the day.
1. India’s Fiscal Deficit Crosses 62% of Annual Target
India’s fiscal deficit reached over 62% of the full-year budget estimate by November 2025, raising concerns ahead of the Union Budget 2026. The rise is attributed to higher capital expenditure, subsidy outgo, and welfare spending amid uneven revenue growth. While tax collections remain steady, economists note that expenditure pressures could intensify in the final quarter. Officials maintain that the deficit remains within manageable limits and is aligned with medium-term fiscal consolidation goals. However, analysts stress that sustaining growth while maintaining fiscal discipline will be a key challenge in the coming year.
2. Commercial LPG Prices Hiked by ₹111
Oil marketing companies raised commercial LPG cylinder prices by ₹111 per unit, effective January 2, impacting hotels, restaurants, and small businesses. Domestic LPG prices remain unchanged, offering relief to households. Industry representatives warn that higher fuel costs could push up food prices, particularly in the hospitality sector. The hike reflects global energy price volatility and exchange rate pressures. While businesses are expected to absorb part of the cost, consumers may eventually face higher bills, especially in urban centres.
3. Cigarettes, Beedis, Pan Masala to Become Costlier
The Centre announced increased taxes and cess on cigarettes, beedis, and pan masala, effective February 1, 2026. The move aims to boost revenue while discouraging tobacco consumption. Public health experts welcomed the decision, citing long-term benefits, while industry stakeholders warned of potential job losses in the informal sector. Manufacturers are expected to pass on higher costs to consumers, potentially affecting demand. The policy aligns with India’s broader health and fiscal objectives.
4. GST Collections Rise 6.1% in December
India’s GST collections rose 6.1% year-on-year to ₹1.75 lakh crore in December, indicating steady economic activity despite global uncertainty. Officials attributed the growth to better compliance, digital monitoring, and strong performance in services. However, consumption recovery remains uneven across states and income groups. Economists say sustained GST growth will be crucial for fiscal stability and funding development spending in 2026.
5. States to Borrow Record ₹5 Trillion
Indian states are projected to raise a record ₹5 trillion through market borrowings in the January–March quarter to fund infrastructure and welfare schemes. While borrowing supports growth, economists caution that excessive debt could strain state finances and push bond yields higher. The Centre is closely monitoring state-level fiscal discipline as capital expenditure rises ahead of elections in several regions.
6. Pratap Bhanu Mehta Urges Political Realism
Political analyst Pratap Bhanu Mehta called for “sober realism” in Indian politics in a New Year column, warning against populism and ideological excess. He stressed the importance of institutional trust, democratic accountability, and governance reform in 2026. Mehta argued that political maturity and honest policymaking are essential to address economic, social, and global challenges facing India.
7. India, Pakistan Exchange Nuclear Installation Lists
India and Pakistan exchanged lists of nuclear installations under a longstanding bilateral agreement aimed at preventing attacks on atomic facilities. The annual exchange continues despite strained diplomatic ties, reinforcing confidence-building measures. Indian officials reiterated commitment to nuclear safety and regional stability, underscoring the importance of dialogue even amid geopolitical tensions.
8. Rajnath Singh Signs Condolence Book for Khaleda Zia
Defence Minister Rajnath Singh signed a condolence book for former Bangladesh Prime Minister Khaleda Zia, reflecting India’s diplomatic outreach. The gesture highlights New Delhi’s engagement with Bangladesh during a period of political transition and reinforces historical and people-to-people ties between the two neighbours.
9. Hindu Man Attacked in Bangladesh
An attack on a Hindu man in Bangladesh triggered concern over minority safety in the country. Indian authorities are monitoring developments, while diplomatic channels have sought assurances from Dhaka. The incident has renewed debate over minority rights and regional stability in South Asia.
10. Indore Water Contamination Deaths Continue
Deaths linked to water contamination in Indore prompted the Madhya Pradesh government to remove the municipal commissioner. A high-level probe has been ordered, and emergency measures introduced to ensure clean drinking water. The incident exposed lapses in urban infrastructure and public health oversight, drawing criticism from opposition parties.
11. Nifty 50 Hits Record High
Indian equity markets surged, with the Nifty 50 touching a record high amid optimism over earnings recovery and economic resilience. Banking, IT, and infrastructure stocks led gains. Analysts caution that global headwinds, foreign fund outflows, and geopolitical risks could limit further upside in the near term.
12. Sensex Ends 2025 on Strong Footing
The Sensex ended 2025 with solid gains, supported by broad-based buying and positive domestic sentiment. Investors remain cautiously optimistic entering 2026, banking on policy continuity, infrastructure spending, and consumption growth despite global uncertainty.
13. Dense Fog, Cold Wave Disrupt North India
Dense fog and falling temperatures disrupted air and rail traffic across Delhi and north India. The IMD issued alerts as visibility dropped sharply. Authorities urged caution, while cold conditions are expected to persist, affecting daily life and transportation.
14. Colder January Forecast to Benefit Rabi Crops
The IMD forecast a colder-than-normal January, raising hopes for better rabi crop yields, especially wheat and mustard. While farmers welcomed the outlook, prolonged cold spells could pose risks to vulnerable populations, prompting advisories from state governments.
15. Vande Bharat Sleeper Train Announced
Indian Railways announced the launch of the first Vande Bharat Sleeper Train on the Kolkata–Guwahati route. Designed for overnight travel, the train promises improved comfort, speed, and modern amenities, marking a major upgrade in long-distance rail travel.
16. Gaganyaan-1 Uncrewed Test Planned
ISRO confirmed plans for the Gaganyaan-1 uncrewed test flight in January 2026. The mission will test crew module safety and recovery systems, marking a critical milestone toward India’s first human spaceflight.
17. India-Israel Collaborate on Unmanned Ground Vehicles
India and Israel unveiled collaboration on electric unmanned ground vehicles for defence applications. The project focuses on surveillance, logistics, and combat support, strengthening strategic and technological cooperation between the two nations.
18. Pariksha Pe Charcha 2026 Sees Record Registrations
Over three crore students registered for Pariksha Pe Charcha 2026, highlighting massive engagement. Prime Minister Narendra Modi will interact with students, parents, and teachers, addressing exam stress, mental health, and career planning.
19. CBSE Issues Board Exam Guidelines
CBSE released revised schedules and guidelines for Class 10 and 12 practical and board exams. Schools were advised to complete assessments on time, while students were urged to rely on official updates to avoid misinformation.
20. PM to Inaugurate Piprahwa Relics Exhibition
Prime Minister Modi will inaugurate an international exhibition of sacred Piprahwa relics linked to Lord Buddha. The event underscores India’s cultural diplomacy and commitment to preserving global Buddhist heritage.
21. Kolkata Literary Meet 2026 Announced
The Kolkata Literary Meet 2026 will host over 100 speakers, including Jhumpa Lahiri and Kiran Desai. The event aims to promote literary dialogue across languages and cultures, reaffirming Kolkata’s status as a cultural hub.
22. Sapt-Sangeeti Classical Music Festival Begins
The Sapt-Sangeeti classical music festival commenced in Rajkot, featuring leading Indian classical musicians. The event celebrates India’s musical heritage and seeks to engage younger audiences in traditional art forms.
23. Wolf Moon Supermoon Visible Across India
The Wolf Moon Supermoon illuminated skies across India on January 2–3. Astronomers noted its increased brightness due to proximity to Earth, marking the first full moon of 2026 and drawing widespread public interest.
24. Google Core Update Hits Indian News Sites
Indian news websites reported sharp drops in visibility following Google’s December core update. Publishers expressed concern over declining Discover traffic and digital revenues, highlighting the need for diversified audience strategies.
25. Indian Women’s League Season Gains Momentum
The Indian Women’s League continued with East Bengal leading the standings. Growing viewership and competitive matches signal rising interest in women’s football, strengthening grassroots development and professional opportunities in the sport.
References
https://thedefensepost.com/2026/01/02/india-israel-electric-ugv/?
