Daily Current Affairs – February 7, 2026

Commerce and Industry Minister Piyush Goyal said that the framework is expected to create jobs and MSME exports while keeping staple crops and dairy outside tariff concessions

The interim framework outlines tariff cuts, market access and technology cooperation while protecting sensitive Indian sectors, paving the way for a broader India US trade agreement

“India will eliminate or reduce tariffs on all U.S. industrial goods and a wide range of U.S. food and agricultural products, including dried distillers’ grains (DDGs), red sorghum for animal feed, tree nuts, fresh and processed fruit, soybean oil, wine and spirits, and additional products,” the statement said

“India will eliminate or reduce tariffs on all U.S. industrial goods and a wide range of U.S. food and agricultural products, including dried distillers’ grains (DDGs), red sorghum for animal feed, tree nuts, fresh and processed fruit, soybean oil, wine and spirits, and additional products,” the statement said

Iranian Ambassador says India has conveyed no information on future of project; MEA tells Parliament India has disbursed its total commitment of ₹120 million before the U.S. sanctions waiver ends in April

Commerce and Industry Minister Piyush Goyal said that the framework is expected to create jobs and MSME exports while keeping staple crops and dairy outside tariff concessions

The interim framework outlines tariff cuts, market access and technology cooperation while protecting sensitive Indian sectors, paving the way for a broader India US trade agreement

Bank holiday today, 7 February: As per the RBI bank holiday calendar, banks in India remain open on the first, third and fifth Saturdays of the month, while they remain closed on the second and forth Saturdays.

The India-US joint statement highlights the provisional exclusion of Indian pharmaceutical exports comprising generic drugs including antibiotics, vaccines, bulk drugs and intermediates, from reciprocal tariffs but it is subject to the successful conclusion of the interim agreement

The triumph adds to India’s previous titles in 2000, 2008, 2012, 2018 and 2022, underlining their dominance in the tournament’s history.

The Indian women’s team, under the guidance of new head coach Santiago Nieva, has confirmed 12 medals, while the seven male boxers progressed to the semifinals