Daily Current Affairs – January 13, 2026

Budget: Should the govt play to the gallery of domestic equity investors by lunging for growth? Or should it choose fiscal restraint to keep a lid on rising borrowing costs — both for itself and the private sector? There are no easy answers.

Officials are evaluating changes to the Scheme to Promote Manufacturing of Electric Passenger Cars in India (SPMEPCI), which relies primarily on import duty concessions, including the introduction of more direct incentives, to entice global premium EV makers to establish manufacturing bases in India.

The Brihanmumbai Municipal Corporation elections, scheduled for January 15, represent a high-stakes battle for control of India’s richest civic body. The city has turned into a contested battleground shaped by shifting coalitions, identity politics, and strategic alliances

The fair that has 43 stalls showcasing the projects and functioning of various State government departments and, corporations, also has attractions like giant wheel and 3D show

The move to lower short-term borrowing costs was driven by policymakers trying to balance a weakening job market against inflation that still remains above the 2% ⁠target.

Pro-government demonstrators flooded Tehran’s streets on Monday in support of the theocracy, a show of force after days of protests directly challenging the rule of 86-year-old Supreme Leader Ayatollah Ali Khamenei

Ola Electric shares: The company launched its first residential Battery Energy Storage System, Shakti, from its Krishnagiri Gigafactory, marking its entry into the residential BESS market. Powered by locally developed 4680 Bharat Cells, the product is India’s first of its kind and is designed to provide portable, on-demand energy solutions for households, farms, and businesses.

India's stock market faces challenges, with 25 major Nifty companies now trading below their five-year average price-to-earnings ratios. This valuation shift follows a period of global uncertainty and foreign investor selling. Investors are closely watching upcoming earnings reports to determine if growth justifies current valuations. Market volatility is expected to continue as global factors influence sentiment.

As brands search for steadier demand drivers, shapewear is being positioned as a functional extension of innerwear rather than a fashion-led bet. But, players still face hurdles around fit, pricing, and consumer behaviour that could determine whether the category scales sustainably or remains niche.

Bank holiday today, 13 January: Many parts of India will be celebrating Lohri on Tuesday. Check inside if banks including SBI, PNB, ICICI Bank, Axis Bank and HDFC Bank will remain closed in India on this day.

The 35-year-old Healy has scored more than 7,000 runs across all three international formats with 275 dismissals following her national debut in 2010