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SDB 03-02-2026

Spardha Daily Brief | 03-02-2026
Union Budget 2026 Edition

Excellence Through Practice

Premium intelligence briefing for UPSC Aspirants.

Basic Customs Duty (BCD)

Union Budget 2026-27 removes BCD for 17 imported cancer and rare-disease drugs.

Core Characteristics

  • Levied on Ad-valorem basis.
  • Assessed on CIF Value.
  • Imposed under Section 12, Customs Act, 1962.

Calculation Steps

1. HS Code classification.

2. Valuation based on transaction value.

3. Applicable BCD rate applied to assess duty.

SHE-Marts: Women Enterprises

Part of the Lakhpati Didi program to scale rural enterprises through community-owned retail outlets within Cluster-Level Federations (CLFs).

Core Objectives
  • • Assured market access for SHG goods.
  • • Branding and standardisation support.
  • • Shift to women-owned enterprises.
Lakhpati Didi Facts

Launched Aug 15, 2023. Target: 2 Crore women. Goal: ₹1 Lakh+ annual income per woman.

Mahatma Gandhi Gram Swaraj (MGGSI)

Comprehensive initiative to revitalize Khadi, Handloom, and Handicrafts. It addresses fragmented supply chains and inconsistent quality.

Vocal for Local Atmanirbhar Bharat
Key Components
  • • Global branding access.
  • • Quality standardisation.
  • • Modern technology adoption.

Bharat-VISTAAR (Agri AI)

Virtually Integrated System to Access Agricultural Resources

A multilingual AI advisory platform integrated with AgriStack and ICAR crop packages to provide real-time, customized advisories to farmers.

AgriStack Database

The digital backbone of Indian agriculture. Integrates farmer IDs, land records, and crop data for better governance and credit access.

Biopharma SHAKTI

Outlay: ₹10,000 crores over 5 years. A strategy to build an ecosystem for domestic production of Biologics and Biosimilars.

NIPER Network

3 new NIPERs and upgrading 7 existing ones to global standards.

Clinical Trials

Network of 1,000+ accredited sites across India.

Divyang Empowerment

Divyangjan Kaushal Yojana

Skill development in IT, Hospitality, and AVGC. Focus on tasks tailored to specific disability groups.

₹200 Crore Allocation

Divyang Sahara Yojana

Supporting ALIMCO for R&D and AI integration in assistive devices. Strengthing PM Divyasha Kendras.

₹100 Crore Allocation

Sovereign Gold Bonds (SGB)

Budget Clarification

Capital gains tax exemption does not apply to investors who buy SGBs from the secondary market, even if held till maturity.

Interest: 2.5% p.a. (Taxable)
Tenure: 8 Years
Issued By: RBI for Govt.

IIT Kanpur: Solar 3D Mapping

Researchers led by Soumyadeep Chatterjee created the first 3D map of the Sun's hidden internal magnetic field, using 30 years of satellite data.

SOHO Mission

Joint NASA/ESA mission launched in 1995 to study the solar interior and wind.

SDO Mission

NASA mission launched in 2010 for high-resolution continuous solar observation.

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