Daily Current Affairs – January 21, 2026

India is considering revamping its permanent establishment tax framework, including formula-based profit attribution, to protect taxing rights, offer clarity to MNCs and digital firms, and reduce long-running tax disputes.

The government is planning double-digit increases in allocations for key rural schemes in Budget 2026–27 to boost growth and demand, with higher spending likely on rural jobs, housing and roads.

The students and teachers of Government Model High School, Gundlapalli, in Nalgonda District of Telangana State were travelling in the two buses as part of an excursion trip

The proposed charter seeks to ensure dignity and non-discrimination, privacy and confidentiality of HIV status, access to comprehensive health services, and functional accountability mechanisms across government departments

The Pax Silica initiative seeks to reduce coercive dependencies, secure global tech/AI supply chains, and build trusted digital infrastructure. India seeks to join it as it has a strong digital infrastructure, and a growing AI market

Indian markets are undergoing a sharp correction, creating selective buying opportunities, especially in beaten-down smallcaps. Quantum AMC’s Christy Mathai says largecaps still offer better earnings visibility, with financials remaining the most attractive sector. The fund house stays cautious on FMCG, metals and internet stocks while closely tracking emerging opportunities in realty.

Brokerage firms are recommending several stocks for potential double-digit returns, citing growth visibility and sector tailwinds. Motilal Oswal suggests buying LTIMindtree and Suzlon Energy, while Elara Capital maintains an 'Accumulate' rating on Havells India. ICICI Securities has 'Buy' ratings on Netweb Technologies India and JK Cement.

Established in 1997, Trai operated from rented offices until May 2024. In 2020, the government approved its move to the NBCC-developed World Trade Centre in New Delhi’s Nauroji Nagar, where the regulator now occupies floors four to seven of Tower F.

Nearly six in 10 new airports handle fewer than five flights daily, exposing the gap between infrastructural ambition and actual demand, and raising questions about policy planning.

Valverde, 39, has joined the Indian camp in Antalya where the Blue Tigresses are preparing for the AFC Women's Asian Cup Australia 2026, scheduled for March