Daily Current Affairs – January 3, 2026

India is preparing a policy road map to protect senior citizens from digital scams, with Niti Aayog working on a multi-ministerial action plan. The plan will focus on digital literacy, stronger security and coordinated monitoring as cases of ‘digital arrest’ fraud rise. The initiative will form part of broader elderly care measures, with details likely in Budget 2026-27.

India has launched a significant export support package worth ₹7,295 crore. This initiative aims to make trade finance faster and cheaper for exporters. The package includes an interest subvention scheme and collateral support. These measures will be implemented over six years, starting from 2025. The goal is to boost India's exports by addressing critical trade finance challenges faced by businesses.

The appointments followed the submission of reports by All India Congress Committee (AICC) observers, who conducted district-wise reviews and held interactions with party functionaries and stakeholders

Saudi Arabia and the United Arab Emirates have for years supported various factions within Yemen's government-run territories

ITC shares plummeted to a three-year low following a government excise duty hike on tobacco products. Brokerages downgraded the stock, citing fears of dampened cigarette demand and significant impact on profitability. Investors are advised to wait for clarity on price hikes and volume trends before considering buying.

Sebi is developing an AI-powered tool to analyze the cyber safety preparedness of regulated entities, aiming to strengthen risk-based supervision. Additionally, a working group is being formed to create a technology roadmap for market infrastructure institutions, ensuring innovation enhances market integrity.

Bank holiday on Saturday, 3 January: Banks remain open on the first, third and fifth Saturdays of every month, as per the bank holiday rules of the Reserve Bank of India.

A widening CD ratio is forcing banks to lean increasingly on market borrowings, liquidation of excess statutory liquidity ratio (SLR) holdings, and balance-sheet buffers to raise money for lending.