Daily Current Affairs – January 8, 2026

According to the report, the first advance estimate (AE) released by the National Statistical Office pegs GDP growth at 7.4 per cent in FY26, compared to 6.5 per cent in FY25. Gross Value Added (GVA) growth is estimated at 7.3 per cent, while nominal GDP growth is projected at 8 per cent.

India's economy is projected to grow by 7.4% in FY26, surpassing earlier expectations and driven by increased investment and a manufacturing surge. This expansion is expected to push the nation's GDP beyond the $4 trillion mark, supported by accommodative policies and favorable domestic conditions despite global uncertainties.

Mr. Jaishankar met Prime Minister Luc Frieden, had a long, detailed discussion with Foreign Minister Javier Bethel, and called on Guillaume V, the Grand Duke of Luxembourg

The Central government has approved the deveopment project under Amrit Bharat 2.0 scheme, says Vijayawada MP

Mr. Jaishankar met Prime Minister Luc Frieden, had a long, detailed discussion with Foreign Minister Javier Bethel, and called on Guillaume V, the Grand Duke of Luxembourg

Mr. Trump, who has thrown the full weight of his domestic policy behind fossil fuels, has openly scorned the scientific consensus that human activity is warming the planet, deriding climate science as a "hoax"

Major US banks are set to post stronger fourth-quarter earnings as a revival in dealmaking, resilient trading activity and improving capital markets lift revenues. Analysts expect investment banking and markets businesses to drive results amid steady loan growth and supportive economic conditions.

India's market regulator has accused a Bank of America unit of breaking insider trading rules. The bank's deal team allegedly shared confidential information with its broking and research arms. These teams then contacted potential investors about a share sale. The regulator found a failure in internal controls. The bank is seeking to settle the charges without admitting guilt.

The past year has seen the rollout of insurance marketplace Bima Sugam, approval for 100% foreign direct investment in insurance, and GST exemption on retail term and health insurance premiums.

The telecom regulator lacks strong statutory powers that are granted to Sebi. Trai can only impose penalities on specific violations like spam and the quality of services. But even these fines go unpaid as operators move the appellate tribual. 

Satwik and Chirag reached the climactic phase in many tournaments but failed to go the distance; Sindhu and Lakshya were not at their consistent best; the absence of depth made it a tougher pill to swallow, making the country’s presence a peripheral one at the global level