31 Jan 2026 | Daily Current Affairs

FPI outflows hit five-month high in January 2026

Context
January 2026 recorded ₹35,962 crore in foreign portfolio investment (FPI) outflows, the highest in five months, driven by weak corporate earnings and rupee depreciation.

Foreign Portfolio Investment (FPI)
• Foreign investment in Indian financial assets such as stocks, bonds and mutual funds without managerial control
10% rule:
• <10% equity holding → treated as FPI
• ≥10% equity holding → treated as FDI

Participatory Notes (P-Notes)
• Offshore derivative instruments issued by SEBI-registered FPIs
• Allow foreign investors to invest indirectly without registering with SEBI
• Often criticised due to opaque ownership

Reasons for FPI Outflows
• Weak quarterly earnings of Indian companies
• Rupee depreciation reducing dollar-denominated returns
• Cautious global sentiment amid mixed emerging-market performance

PYQ – 2019, Ans – D

Jal Jeevan Mission tap coverage rises, usage and reliability lag

Jal Jeevan Mission
• Launch: 2019
• Ministry: Ministry of Jal Shakti
• Objective: Provide Functional Household Tap Connections (FHTC) to every rural household
• Water norm: 55 litres per capita per day (LPCD) of potable water

Key Economic Survey Data
• Rural households with tap water in Aug 2019: 16.8%
• Rural households with tap water as of Feb 2024: ~74%
• Household coverage increase:
• 3.23 crore (2019) → 12+ crore (2024)

States with 100% coverage
• Goa
• Telangana
• Gujarat
• Haryana
• Punjab
• Andaman & Nicobar Islands
• Puducherry
• Dadra & Nagar Haveli and Daman & Diu
• Ladakh

Coverage highlights
• Districts with 100% coverage: ~150+
• Villages with 100% tap-water coverage: 2.1 lakh+ villages

Stem cell therapy for autism not allowed as treatment: Supreme Court

Context
The Supreme Court ruled that stem cell “therapies” for Autism Spectrum Disorder (ASD) cannot be offered as a clinical treatment due to the absence of established scientific evidence regarding their safety and efficacy.

What are Stem Cells?
• Special cells capable of self-renewal and differentiation into specialised cells (blood, muscle, nerve cells, etc.)
• Found mainly in:
• Embryos
• Bone marrow
• Umbilical cord blood
Induced pluripotent stem cells (iPSCs) created in laboratories

What is Stem Cell Therapy?
• A medical approach using stem cells to repair, replace or regenerate damaged tissues or cells
• Valid only in approved clinical trials with proper scientific monitoring
• For ASD, no proven scientific evidence of therapeutic benefit exists

Accepted Applications of Stem Cell Therapy

  1. Blood-related diseases – leukemia, lymphoma (bone-marrow transplant)
  2. Some immune system disorders
  3. Genetic blood disorders – thalassemia, sickle cell disease
PYQ – 2022, Ans – B
PYQ – 2012, Ans – B

Menstrual health in schools linked to Article 21: Supreme Court

Context
The Supreme Court has held that menstrual health and menstrual hygiene management (MHM) in schools is an essential part of the fundamental right to life and dignity under Article 21.

Directions issued by the Supreme Court
• States and Union Territories must ensure:
• Functional toilets in all schools
• Free sanitary napkins
• Installation of sanitary napkin vending machines

Other Rights Recognised Under Article 21 (with case laws)

  1. Right to Privacy – Justice K.S. Puttaswamy v. Union of India (2017)
  2. Right to Live with Human Dignity – Maneka Gandhi v. Union of India (1978)
  3. Right to Education (up to 14 years) – Unni Krishnan v. State of Andhra Pradesh (1993)
  4. Right to Clean Environment – Subhash Kumar v. State of Bihar (1991)
  5. Right to Livelihood – Olga Tellis v. Bombay Municipal Corporation (1985)
  6. Right to Shelter – Chameli Singh v. State of U.P. (1996)
  7. Right to Health – Paschim Banga Khet Mazdoor Samity (1996)
  8. Right to Reproductive Choice – Suchita Srivastava v. Chandigarh Administration (2009)
  9. Right to Speedy Trial – Hussainara Khatoon v. State of Bihar (1979)
  10. Right to Free Legal Aid – M.H. Hoskot v. State of Maharashtra (1978)
PYQ – 2019, Ans – B
PYQ – 2021, Ans – C
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