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Daily Current Affairs – 6 February, 2026

    Illegal Coal Mine Explosion in Meghalaya

    Context

  • Illegal coal mine explosion in East Jaintia Hills, Meghalaya, killing 18 workers, highlights continued prevalence of rat-hole mining despite regulatory bans.

    • What is Rat Hole Coal Mining?

  • Illegal coal mining is most prevalent in Jharkhand, Odisha, Chhattisgarh, West Bengal, and Meghalaya’s Jaintia, Khasi, and Garo Hills, where coal seams are thin and scattered, making mechanized mining economically unattractive.
  • Rat-hole mining refers to a primitive form of underground coal extraction where narrow horizontal tunnels are dug into coal seams. Workers crawl inside these tunnels to extract coal manually.
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    16th Finance Commission (FC) Recommendations for Strengthening Local Bodies

    Context

  • The 16th Finance Commission chaired by Arvind Panagariya, recommended ₹7,91,493 crore in grants to rural and urban local bodies along with structural reforms to strengthen local governance.

    • What is the Finance Commission?

  • The Finance Commission is a constitutional body  constituted by the President of India under Article 280, that recommends how tax revenues collected by the Central government should be distributed among the Centre and various States in the country. 
  • The Commission is reconstituted every five years and usually takes a couple of years to make its recommendations to the Centre.
  • The Centre is not legally bound to implement the suggestions made by the Finance Commission. 
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    India and Gulf Cooperation Council Sign Terms of Reference for Free Trade Agreement

    Context

  • India and the Gulf Cooperation Council (GCC) have signed the Terms of Reference for a Free Trade Agreement (FTA) in New Delhi.

    • About

  • The terms of reference (ToR) outline the scope and modalities of a proposed trade pact.
  • It defines the scope of the agreement, including trade in goods, trade in services, investments, and other trade-related issues;
  • Lay down the structure and timelines for negotiations;
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    Ease of Doing Business: India’s Ongoing Regulatory Transformation 

    In Context

  • Union Budget 2026-27 reinforces Ease of Doing Business as pillar of growth and development, while focusing on digitisation, tax certainty, investor access and litigation reduction.

    • Ease of Doing Business (EoDB)

  • It  has emerged as a cornerstone of India’s economic reform agenda and is reaffirmed as a key pillar of growth and development. 
  • The Union Budget 2026-27 focuses on reforms aimed at digital trade facilitation, tax certainty, reduction in compliance and litigation, trust-based customs systems, and an investment-friendly tax regime. 
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    News In Short 06-02-2026

    In News

  • The Exposition of the Holy Devnimori Relics was recently inaugurated at Gangaramaya Temple, marking an important cultural and spiritual event in India–Sri Lanka Buddhist ties.

    • About Devnimori Relics

  • Location: Devnimori is a Buddhist archaeological site located near Shamlaji in Aravalli district of Gujarat.
  • Discovery & Excavation: First explored in 1957 by archaeologist Prof. S. N. Chowdhry.
  • Excavations revealed significant evidence of early Buddhist worship and monastic traditions.
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