Explanation: The 16th India-EU Summit is scheduled for 27 January 2026 in New Delhi, India, where India will host leaders of the European Union.

Explanation: Phulkari embroidery is a folk art traditionally practiced in Punjab and Haryana.

Explanation: Razorpay POS has received RBI approval to operate as an offline payment aggregator (PA-P), allowing it to process payments in physical/point-of-sale environments.

Explanation: RBI granted in-principle approval to Payoneer India Pvt. Ltd. to operate as a Payment Aggregator - Cross Border (PA-CB), enabling regulated cross-border payments.

Explanation: RBI issued operational guidelines for interest subvention on export credit under the Export Promotion Mission, specifically the Niryat Protsahan sub-scheme, aimed at strengthening export competitiveness.

Explanation: Bank of Baroda signed an MoU with IIFCL for infrastructure financing support (latest current affairs context).

Explanation: Suryoday Small Finance Bank partnered with HyperVerge to implement an AI-driven video KYC system for faster and secure customer onboarding.

Explanation: Deepinder Goyal resigned as the MD & CEO of Eternal Limited in February 2026.

Explanation: Ganesh Lakshminarayanan was appointed as the new MD & CEO of Tata Communications.

Explanation: International Day of Education is celebrated every year on 24 January, including in 2026.