Today News Headlines for School Assembly, February 3, 2026: Trump fixed India’s tariff rate at 18%, Formula 1 might return to India

The Centre has unveiled plans to strengthen connectivity by proposing around 40 km of underground rail lines along a strategic corridor linking the Northeast with the rest of India. The project is aimed at boosting security, logistics, and faster movement across sensitive regions.

International News

India and the US finally agreed to a trade deal that has been months in the making, as US President Donald Trump on Monday said that the US “effective immediately” has lowered tariffs on India to 18% from 50%.

Bangladesh’s former Prime Minister Sheikh Hasina has been sentenced to 10 years in prison in two corruption cases, marking a major political development in the country following her ouster.

In Japan, opinion polls indicate that Prime Minister Sanae Takaichi’s party is headed for a landslide victory, potentially reshaping the country’s political landscape ahead of elections.

Amid rising regional tensions, top US and Israeli military generals met at the Pentagon to discuss security coordination as concerns over Iran intensify.

Sports News

Cricket diplomacy came under strain after Pakistan announced it would boycott its T20 World Cup match against India, prompting the ICC to warn of serious consequences for non-participation.

In English football, Manchester United’s struggles continued as they dropped points against Fulham in a Premier League clash, reigniting debates over consistency and team management.

Thirteen years after the last race in India, the Union government is considering bringing Formula 1 back to the Buddh International Circuit in Greater Noida.

Business News

Technology giant Oracle is reportedly considering cutting up to 30,000 jobs as it ramps up AI infrastructure investments, reflecting broader restructuring trends across the global tech sector.

Indian equity markets remained cautious, with benchmarks ending flat a day after the Budget rout as real estate stocks posted gains, indicating selective investor optimism.

Education News

The Delhi government has moved to regulate school costs after notifying provisions of the Delhi School Fee Law for the upcoming academic year, aiming to curb arbitrary fee hikes.

Under the Education Budget 2026, the Centre has sharply increased funding for skilling, with the Skill Ministry’s allocation rising fourfold and major focus placed on upgrading ITIs and the PM SETU initiative.