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CURRENT AFFAIRS : BANKING, FINANCE & BUSINESS

Central Board of Indirect Taxes and Customs Announces One-Time Relief for Special Economic Zones Units to Sell Goods in Domestic Tariff Area at Concessional Customs Duty Rates under Union Budget 2026–27

• In line with the Union Budget 2026–27, the Central Board of Indirect Taxes and Customs (CBIC) introduced a one-time relief measure for Special Economic Zones (SEZs) manufacturing units.
• The scheme addresses issues faced by SEZ units due to global trade disruptions and facilitates sale of goods to Domestic Tariff Area (DTA) at concessional customs duty rates.
• The measure is implemented through an exemption notification under Section 25 of the Customs Act, 1962.
• It is applicable for SEZ-to-DTA clearance of manufactured goods from 1 April 2026 to 31 March 2027 (Notification No. 11/2026-Customs dated 31.03.2026).
• The objective is to ensure a level playing field between SEZ units and DTA units.
• Under the scheme, concessional customs duty rates are prescribed as follows:
• From 7.5% to 6.5%
• From 10% to 9%
• From 12.5%/15% to 10%
• From 20% to 12.5%
• From 20–30% to 15%
• From 30–40% to 20%
• Only eligible SEZ manufacturing units that commenced production on or before 31 March 2025 can avail the benefit.
• The goods must have a minimum 20% value addition over inputs to qualify.
• The scheme ensures that export focus of SEZ units is maintained, and DTA sales are capped at 30% of the highest annual FOB export value of the last three financial years.
• The relief window is implemented through CBIC’s automated system under the faceless assessment mechanism.
• Certain sectors are excluded from the scheme due to sensitivity and protection of domestic industry interests.
• Overall, the initiative supports export competitiveness, manufacturing growth, and ease of doing business in SEZs.

Reserve Bank of India Defers Implementation of Revised Capital Market Exposure Framework to July 01, 2026

• The Reserve Bank of India (RBI) has extended the implementation of its revised Capital Market Exposure (CME) framework by 3 months, now effective from 1 July 2026 instead of 1 April 2026.
• The revised framework was originally issued in February 2026 through RBI Amendment Directions on CME.
• The framework aims to create an enabling system for banks to finance acquisitions by Indian corporates.
• It also seeks to rationalize lending limits against shares, REITs, InvITs, and other securities.
• A principle-based framework for lending to Capital Market Intermediaries (CMIs) has also been introduced.
• RBI has revised the definition of “acquisition finance”, which now includes mergers and amalgamations.
• Acquisition finance can now be extended only for acquiring control over non-financial target companies.
• Under new rules, limits have been introduced on loans against securities across the banking system.
• The borrowing limits are set at ₹1 crore per individual for general loans against securities.
• For capital market-linked purposes, limits include ₹25 lakh for IPO loans, FPOs, and ESOP subscriptions.
• The changes aim to strengthen risk management, financial discipline, and capital market lending regulation in the banking system.

Recent News :

• In March 2026, The Reserve Bank of India (RBI) unveiled its ‘Payments Vision 2028’, titled ‘Shaping India’s Payment Frontier’, aimed at strengthening and expanding India’s rapidly growing digital payments ecosystem.

Insurance Regulatory and Development Authority of India Directs Insurers to Implement Ind Accounting Standards-Based Financial Reporting from April 1, 2026

• The Insurance Regulatory and Development Authority of India (IRDAI) has mandated adoption of Indian Accounting Standards (Ind AS) for insurers from 1 April 2026.
• The decision was taken during the 135th meeting of IRDAI, approving the IRDAI (Actuarial, Finance and Investment Functions of Insurers) (Amendment) Regulations, 2026.
• All insurers are required to prepare and present financial statements in accordance with Ind AS, marking a shift to a new financial reporting framework.
• The implementation is applicable to all categories of insurers, including life insurers, general insurers, standalone health insurers, and reinsurers.
• IRDAI has introduced a parallel reporting system for a transition period of 2 years (or as specified).
• During this period, insurers must prepare financial statements under Ind AS alongside the existing accounting framework.
• The move aims to enhance transparency, comparability, and global alignment of India’s insurance sector financial reporting.

Recent News :

• In March 2026, The Insurance Regulatory and Development Authority of India (IRDAI) granted Certificates of Registration (CoR) to Allianz Jio Reinsurance Limited (AJRL) and Kiwi General Insurance Limited to commence insurance operations in India.

About IRDAI:

• Headquarters (HQ): Hyderabad, Telangana, India
• Chairperson:Ajay Seth
• Founded: 1999 

CURRENT AFFAIRS: NATIONAL AND STATE NEWS

Government of Andhra Pradesh Launched Free Electricity Scheme for Handloom and Powerloom Weavers from 1 April 2026

• The Government of Andhra Pradesh led by Chief Minister Nara Chandrababu Naidu launched a free electricity scheme for handloom and powerloom weavers across the state from 1 April 2026 with an annual outlay of Rs 150 crore to reduce power costs, a major component in weaving operations.
• Under the scheme, handloom weavers will receive free electricity up to 200 units per month and powerloom operators will receive free electricity up to 500 units per month.
• The scheme is expected to enable annual savings of approximately Rs 8,640 for handloom weavers and Rs 21,600 for powerloom operators.
• Additional support measures under the initiative include Rs 4,000 monthly pension, Rs 5 crore thrift fund for cooperatives, up to 90% subsidy on modern machinery, and 15% yarn rebate.
• The initiative also supports cluster development in Dharmavaram, Pithapuram, and Mangalagiri, along with marketing assistance through Amazon, Flipkart, exhibitions, and digital platforms of Andhra Pradesh State Handloom Weavers Cooperative Society to improve market access for weavers.

RECENT NEWS

• The Andhra Pradesh government has announced a financial incentive of ₹25,000 for couples who have a second or third child. This idea came up to as part of a new population boost policy introduced by Chief Minister N. Chandrababu Naidu. 

Government of India Extended National Piped Natural Gas Drive 2.0 till 30 June 2026 to Expand Nationwide Connectivity and Increase Share of Natural Gas to 15 Percent in Energy Basket

• The Government of India extended the National Piped Natural Gas Drive 2.0 by three months till 30 June 2026 to sustain momentum in nationwide expansion of Piped Natural Gas connectivity and increase the share of natural gas to 15 percent in India’s energy basket.
• The initiative was earlier scheduled to conclude, and the extension aims to accelerate household and commercial natural gas connectivity and support the transition towards a gas based economy in India.
• The National Piped Natural Gas Drive 2.0 was launched by the Petroleum and Natural Gas Regulatory Board from 1 January 2026 to 31 March 2026, bringing together City Gas Distribution companies across India under the theme “Har Ghar Piped Natural Gas Har Gaadi Compressed Natural Gas.”
• Under the initiative, the Government of India aims to extend natural gas pipeline connectivity to 37 additional Geographical Areas that are currently not connected to the national gas pipeline network.
• The programme also targets expansion of Piped Natural Gas network coverage to 44 districts that presently do not have access to Piped Natural Gas infrastructure.
• As part of the implementation progress, during March 2026 alone, India added more than 310,000 new Piped Natural Gas connections and issued approximately 270,000 additional connections for domestic and commercial users.
• The National Piped Natural Gas Drive 2.0 is expected to strengthen clean energy adoption, urban energy infrastructure development, and accessibility of natural gas across households and commercial establishments, contributing to India’s long term transition towards a cleaner and sustainable energy mix.

RECENT NEWS

• Government of India approved the Nutrient-Based Subsidy (NBS) rates for the Rabi 2025–26 season, ensuring continued access to affordable and balanced fertilizers for Indian farmers. The approved rates will remain effective from 1 October 2025 to 31 March 2026 and apply to Phosphatic and Potassic (P&K) fertilizers, including Di-Ammonium Phosphate (DAP) and multiple NPKS grades.

Amaravati Declared Sole Capital of Andhra Pradesh through Amendment to Andhra Pradesh Reorganisation Act 2014 with Retrospective Effect from 2 June 2024

• The Lok Sabha passed an amendment to the Andhra Pradesh Reorganisation Act 2014 declaring Amaravati as the sole capital of Andhra Pradesh, marking a major administrative and political shift in the state capital structure.
• The amendment replaces the earlier provision under Section 5 of the Andhra Pradesh Reorganisation Act 2014 and clearly states that Amaravati shall be the capital of Andhra Pradesh.
• The amendment has been given retrospective effect from 2 June 2024, thereby restoring the single capital status of Amaravati and ending the earlier three capital proposal framework.
• After the bifurcation of the erstwhile Andhra Pradesh in 2014, Hyderabad served as the common capital of Andhra Pradesh and Telangana for a period of up to 10 years as provided under the Andhra Pradesh Reorganisation Act 2014.
• As per the provisions of the Act, Hyderabad was to become the exclusive capital of Telangana after completion of the transition period, requiring Andhra Pradesh to establish its own permanent capital.
• The decision to establish Amaravati as the sole capital fulfils this long pending requirement for a permanent capital for Andhra Pradesh.
• The vision of developing Amaravati as the capital city was strongly promoted by N Chandrababu Naidu during his tenure as Chief Minister of Andhra Pradesh from 2014 to 2019, with plans for development of a modern greenfield capital city along the banks of the Krishna River.
• The Government of Andhra Pradesh has undertaken administrative and infrastructure development measures to establish Amaravati as a fully functional capital city.
• Earlier, the three capitals model proposed by Y S Jagan Mohan Reddy during his tenure as Chief Minister of Andhra Pradesh from 2019 to 2024 included:
• Visakhapatnam as the executive capital
• Amaravati as the legislative capital
• Kurnool as the judicial capital
• The earlier three capitals decentralisation model aimed to promote balanced regional development, but it faced criticism and legal challenges, and the present amendment restores the single capital system with Amaravati as the sole capital of Andhra Pradesh.

About Andhra Pradesh:

• Chief Minister: N. Chandrababu Naidu 
• Governor: S. Abdul Nazeer
• Capital: Amaravati
• National Parks: Sri Venkateswara National Park, Papikonda National Park
• Wildlife Sanctuaries: Coringa Wildlife Sanctuary, Pulicat Lake Bird Sanctuary, Kambalakonda Wildlife Sanctuary, Rollapadu Wildlife Sanctuary, Krishna Wildlife Sanctuary

Delhi Government Introduced Lakhpati Bitiya Yojana to Support Girl Child Education and Financial Security Replacing Ladli Scheme through Gazette Notification Dated

• The Government of Delhi introduced the Lakhpati Bitiya Yojana to support girl child education and long term financial security from birth to higher education, through a gazette notification issued.
• The scheme has been implemented under the leadership of Chief Minister Rekha Gupta and it replaces the earlier Ladli Scheme of the Delhi Government.
• The scheme provides phase wise financial assistance linked to educational milestones, with total assistance reaching Rupees 61,000, which can grow up to approximately Rupees 1.20 lakh with interest at maturity.
• The scheme aims to:
• promote education of girl children from school level to higher education
• prevent early marriage of girls
• ensure financial independence and empowerment of girls
• support families belonging to economically weaker sections
• Under the financial assistance structure of the scheme, eligible beneficiaries will receive:
• Rupees 11,000 at birth
• Rupees 5,000 each at Classes 1, 6, 9, 11, and 12
• Rupees 10,000 on completion of one year diploma course
• Rupees 20,000 on completion of two to three year diploma course
• up to Rupees 25,000 on completion of four year graduation course
• The total assistance amount of Rupees 61,000 is deposited in phases, and it will mature to approximately Rupees 1.20 lakh with interest, which can be accessed after completion of Class 12 or after attaining the age of 18 or 21 years as per scheme provisions.
• Under the eligibility criteria of the scheme:
• the girl child must be born in Delhi
• she must be a resident of Delhi for at least three years
• the annual family income must not exceed Rupees 1.20 lakh
• the scheme is limited to two girl children per family
• the beneficiary must be studying in a recognised school in Delhi
• The application process for the scheme is digital and transparent, requiring applicants to register through an online portal and submit documents including:
• birth certificate
• residence proof
• income certificate
• school admission proof
• The applications will be verified and approved by the District Women and Child Development Officer under the scheme implementation mechanism.
• The scheme includes special provisions such as:
• late registration allowed at key stages such as school admission
• relaxed eligibility conditions for girls residing in child care institutions
• benefits are non transferable and cannot be withdrawn before the specified maturity period
• in case of death of the beneficiary, the deposited amount will revert to the Government
• The Lakhpati Bitiya Yojana is expected to strengthen:
• continuation of education among girl children
• reduction in child marriage cases
• improvement in female literacy
• enhancement of female workforce participation

About Delhi:

• Chief Minister: Rekha Gupta
• Lieutenant Governor: Vinai Kumar Saxena
• Capital: New Delhi
• Wildlife Sanctuaries: Asola Bhatti Wildlife Sanctuary, Yamuna Biodiversity Park, Aravalli Biodiversity Park

RECENT NEWS

• Delhi Chief Minister Rekha Gupta presented the Budget 2026-27 on March 24, 2026 and with a financial outlay of ₹1,03,700 crore. With this it is marking a 3.7% increase from the previous year.

CURRENT AFFAIRS: AWARDS AND HONOURS

Tripura Panchayats Won Top Honours at Deen Dayal Upadhyay Panchayat Satat Vikas Puraskar 2025 and Nanaji Deshmukh Sarvottam Panchayat Satat Vikas Puraskar 2025

• Tripura achieved a major milestone as three Panchayats secured top honours at the Deen Dayal Upadhyay Panchayat Satat Vikas Puraskar 2025 and Nanaji Deshmukh Sarvottam Panchayat Satat Vikas Puraskar 2025, presented by the Ministry of Panchayati Raj.
• Sepahijala District Panchayat secured 1st rank in the Best District Panchayat category under the Nanaji Deshmukh Sarvottam Panchayat Satat Vikas Puraskar 2025.
• Kanchanbari Gram Panchayat of Unakoti district secured 1st rank under the Healthy Panchayat category of the Deen Dayal Upadhyay Panchayat Satat Vikas Puraskar 2025.
• Baikunthapur Gram Panchayat of West Tripura district secured 3rd rank under the Women Friendly Panchayat category of the Deen Dayal Upadhyay Panchayat Satat Vikas Puraskar 2025.
• Financial incentives announced:
• Sepahijala District Panchayat will receive Rs 5 crore
• Kanchanbari Gram Panchayat will receive Rs 1 crore
• Baikunthapur Gram Panchayat will receive Rs 50 lakh
• These awards recognise excellence in Panchayat level governance, sustainable development practices, health initiatives, and women friendly local administration under the Panchayat Sustainable Development Goals framework.

CURRENT AFFAIRS: MOUS AND AGREEMENT

Air India Signed Codeshare Agreement with Uzbekistan Airways to Expand Air Connectivity between India and Central Asia Region

• Air India signed a codeshare agreement with Uzbekistan Airways to strengthen air connectivity between India and the Central Asia region.
• Under the agreement, Air India placed its Air India designator code on Uzbekistan Airways operated flights on the following routes:
• Delhi to Tashkent
• Mumbai to Tashkent
• Goa to Tashkent
• The two airlines also established an interline arrangement, enabling Air India passengers to travel to Tashkent and further connect to multiple destinations within Uzbekistan through the Uzbekistan Airways network.
• The onward connectivity from Tashkent includes important cities such as:
• Samarkand
• Qarshi
• Nukus
• Termez
• Bukhara
• Fergana
• Namangan
• The codeshare agreement is expected to provide several benefits including:
• seamless connectivity to Tashkent from major Indian cities
• single ticket travel convenience for passengers
• easy onward connections through Air India domestic and international route network
• The agreement is expected to strengthen aviation connectivity, tourism, trade relations, and people to people contacts between India and Central Asian countries, particularly Uzbekistan.

Meghalaya Government Signed Memorandum of Understanding with Starlink India to Provide Satellite Based High Speed Internet Connectivity in Remote Areas of the State

• The Government of Meghalaya signed a Memorandum of Understanding with Starlink India on 1 April 2026 to improve high speed internet connectivity across remote and underserved regions of the state.
• The agreement aims to strengthen digital infrastructure in Meghalaya by delivering satellite-based internet services in geographically difficult and remote hilly regions, thereby helping bridge the digital divide in the North Eastern region of India.
• Chief Minister of Meghalaya Conrad K Sangma stated that the partnership will significantly transform sectors such as education, healthcare, governance, rural livelihoods, and digital service delivery in the state.
• Under the agreement, Starlink India will provide satellite internet connectivity using Low Earth Orbit satellites, which ensures faster and more reliable internet connectivity compared to traditional broadband networks, especially in difficult terrains.
• Satellite based connectivity is particularly important for Meghalaya due to:
• hilly terrain and dense forest cover
• limited fibre optic network penetration
• high concentration of remote rural settlements
• The Chief Minister highlighted that improved connectivity will enhance governance efficiency, reducing service delivery timelines from 30 days to approximately 3 days in many government processes.
• The partnership is expected to bring major improvements in the education sector, including:
• access to online learning platforms in remote schools
• development of digital classrooms
• improved learning resources and educational outcomes in rural areas
• In the healthcare sector, improved connectivity will support:
• expansion of telemedicine services
• faster emergency response systems
• maintenance of digital health records for people living in remote locations
• The initiative will also support farmers and local businesses by enabling:
• access to market information
• participation in digital payment systems
• expansion into electronic commerce platforms
• improved awareness about government welfare schemes
• The Memorandum of Understanding is expected to play an important role in strengthening digital inclusion, service delivery efficiency, and socio economic development across remote regions of Meghalaya.

CURRENT AFFAIRS: RANKING AND REPORTS

Singapore Changi Airport Named World’s Best Airport at Skytrax World Airport Awards 2026 while Five Indian Airports Featured among Global Top 100 Rankings

• Singapore Changi Airport was named the World’s Best Airport 2026 at the Skytrax World Airport Awards 2026 held during the Passenger Terminal Expo and Conference World in London.
• Singapore Changi Airport received the World’s Best Airport title for the 14th time since 2000, reaffirming its global leadership in airport services and infrastructure.
• In addition to the top global ranking, Singapore Changi Airport also won awards for:
• World’s Best Airport Dining
• Best Airport in the 60 to 70 Million Passenger Category
• Best Airport Immigration Service
• Best Airport in Asia
• Seoul Incheon International Airport ranked second globally and received the award for World’s Most Family Friendly Airport.
• Tokyo Haneda Airport ranked third globally and received awards for:
• World’s Cleanest Airport Major Airport Category
• World’s Best Domestic Airport
• World’s Best Airport for Persons with Reduced Mobility and Accessible Facilities
• Hong Kong International Airport ranked fourth globally and received key service related awards at the Skytrax World Airport Awards 2026.
• Narita International Airport ranked fifth globally and received the World’s Best Airport Staff award.
• Five Indian airports were featured among the world’s top 100 airports in the Skytrax World Airport Awards 2026 rankings.
• Indira Gandhi International Airport ranked 28th globally, improving from 32nd position earlier, and received the award for Best Airport in India and South Asia.
• Kempegowda International Airport ranked 41st globally and received the Best Regional Airport in India and South Asia award for the third consecutive year.
• Rajiv Gandhi International Airport received the Best Airport Staff in India and South Asia 2026 award, continuing its recognition for service excellence.
• Manohar International Airport ranked 64th globally, showing improvement in its global ranking position.
• Chhatrapati Shivaji Maharaj International Airport ranked 66th globally, also improving its position in the rankings.

CURRENT AFFAIRS : DEFENCE NEWS

Ministry of Defence Fully Utilises ₹1.86 Lakh Crore Capital Budget in FY 2025–26

• The Ministry of Defence (MoD) has achieved 100% utilisation of its capital outlay of ₹1.86 lakh crore for Defence Services in FY 2025–26 (at Revised Estimates stage).
• This achievement comes after a similar full utilisation of the capital budget in FY 2024–25, marking consistent high expenditure performance.
• The overall Defence Budget utilisation (including MoD Civil, Pension, etc.) stood at 62% of the final allocation in FY 2025–26.
• The original capital outlay of ₹1.80 lakh crore was later enhanced by the Ministry of Finance based on higher spending momentum and increased requirements of the Armed Forces.
• Increased allocation was driven by modernisation needs of the Armed Forces, especially after Operation Sindoor.
• Major areas of capital expenditure include aircraft and aero engines, land systems, electronic warfare equipment, armaments, shipbuilding, aviation stores, and projectiles.
• Effective utilisation of defence expenditure is expected to support border infrastructure development, economic growth, capital formation, and employment generation through multiplier effect.
• In FY 2025–26, the MoD granted Acceptance of Necessity (AoN) for 109 proposals worth ₹6.81 lakh crore, compared to 56 proposals worth ₹1.76 lakh crore in FY 2024–25.
• The MoD also signed capital procurement contracts for 503 proposals worth ₹2.28 lakh crore during FY 2025–26.
• The capital defence budget for FY 2026–27 has been increased by 22% to ₹2.19 lakh crore (Budget Estimates stage).
• This enhanced allocation aims to further strengthen military modernisation, operational readiness, and national security preparedness.
• Overall, the development highlights strong progress in defence procurement efficiency, budget utilisation, and Armed Forces modernisation efforts.

Ministry of Defence Signs ₹1,950 Crore Deal with Bharat Electronics Limited for Procurement of Mountain Radars for Indian Air Force

• The Ministry of Defence (MoD) signed a capital acquisition contract worth ₹1,950 crore with Bharat Electronics Limited (BEL) for the procurement of two Mountain Radar systems for the Indian Air Force (IAF).
• The contract was signed in New Delhi under the Buy (Indian–Indigenously Designed, Developed and Manufactured – IDDM) category, promoting Aatmanirbhar Bharat and Make in India
• The Mountain Radar system has been indigenously designed and developed by the Electronics and Radar Development Establishment (LRDE) of DRDO and will be manufactured by BEL.
• The system is designed for high-altitude terrain operations, overcoming line-of-sight limitations and harsh weather conditions.
• It is capable of detecting fighter aircraft, drones, and cruise missiles.
• The radars will enhance border surveillance, early warning capability, situational awareness, and response time within the Integrated Air Defence Network.
• The system will be integrated into the Integrated Air Command, Control and Communication System (IACCCS).
• The procurement will strengthen India’s air defence capabilities and improve national security.
• The project will reduce dependence on foreign defence equipment and support indigenous manufacturing.
• It will also benefit MSMEs, promote employment generation, and encourage technological advancement in the defence sector.

Recent News :

• In March 2026, Bharat Electronics Limited (BEL), a state-owned defence electronics company, signed a Memorandum of Understanding (MoU) with Bellatrix Aerospace, a Bengaluru-based space technology startup, to develop satellite systems and payloads.

About Ministry of Defence:

• Cabinet Minister: Rajnath Singh
• Minister of State (MoS): Sanjay Seth

Delivery of ‘Malwan’, Second Anti-Submarine Warfare Shallow Water Craft Built by Cochin Shipyard Limited

• The Indian Navy received the delivery of ‘Malwan’, the second of eight Anti-Submarine Warfare Shallow Water Craft (ASW SWC) from Cochin Shipyard Limited (CSL), Kochi.
• The vessel has been indigenously designed and constructed by CSL as per Indian Navy specifications and DNV Classification Rules.
• The ship is named after Malwan, a historic coastal town in Maharashtra, associated with the maritime legacy of Chhatrapati Shivaji Maharaj.
• It also revives the legacy of the earlier INS Malwan (a minesweeper decommissioned in 2003), reflecting the Navy’s tradition of preserving historic warship names.
• ‘Malwan’ ASW SWC is designed for underwater surveillance and Anti-Submarine Warfare (ASW) operations in coastal waters.
• It is also capable of Low Intensity Maritime Operations (LIMO) and mine warfare operations.
• The vessel measures approximately 80 metres in length and has a displacement of 1,100 tons.
• It is powered by waterjet propulsion systems and is equipped with torpedoes, multifunctional anti-submarine rockets, advanced radar, and sonar systems.
• The ship has over 80% indigenous content, marking a major milestone in indigenous warship construction under ‘Aatmanirbhar Bharat’
• It integrates systems developed by the Indian defence manufacturing ecosystem, including MSMEs, strengthening the domestic shipbuilding industry.
• The project reflects India’s progress in self-reliant defence production, reducing dependence on foreign defence imports.

Goa Shipyard Limited Achieves Key Naval Milestones with INS Shachi Launch and ICGS Achal Delivery

• Goa Shipyard Limited (GSL) achieved a major milestone with the ceremonial launch of INS Shachi (Yard 1280) for the Indian Navy and the delivery of ICGS Achal (Yard 1274) to the Indian Coast Guard.
• INS Shachi is part of the Navy’s Next Generation Offshore Patrol Vessel (NGOPV) programme, launched in the presence of Shagun Sobti, Vice Admiral Tarun, V K Parmar, and senior naval officials.
• The launch of INS Shachi and delivery of ICGS Achal marks a key step in strengthening indigenous naval capabilities and enhancing coastal surveillance and maritime security.
• Chairman & Managing Director Shri Brajesh Kumar Upadhyay highlighted that GSL has launched 14 vessels in the last 600 days, demonstrating strong execution capability and growing production capacity.
• Both vessels showcase high indigenous content: over 65% in ICGS Achal and around 76% in INS Shachi, supporting Aatmanirbhar Bharat and Make in India
• This achievement reinforces GSL’s role as a key contributor to India’s defence shipbuilding and maritime strength.

CURRENT AFFAIRS : APPOINTMENTS & RESIGNATIONS

Lieutenant General Dhiraj Seth Takes Charge as Vice Chief of the Army Staff

• Lt Gen Dhiraj Seth, PVSM, UYSM, AVSM has assumed charge as the Vice Chief of the Army Staff (VCOAS).
• He is an alumnus of the National Defence Academy (NDA), Khadakwasla and was commissioned into the Armoured Corps in December 1986.
• He has nearly four decades of distinguished military service with extensive operational and counter-insurgency experience.
• He has commanded key formations including an Armoured Regiment (Desert Sector), an Armoured Brigade (Developed Sector), and a Counter Insurgency Force in Jammu & Kashmir.
• As a Lieutenant General, he commanded the Sudarshan Chakra Corps and later served as GOC, Delhi Area, managing major national and international engagements.
• He served as General Officer Commanding-in-Chief (GOC-in-C), South Western Command and Southern Command, achieving the rare distinction of commanding two operational commands along the Western Front.
• He has held several important staff and instructional appointments, including:Brigade Major, Independent Armoured Brigade (J&K), Operations Officer, United Nations Mission in Angola, Assistant Military Secretary, Army Headquarters, Brigadier General Staff (Operations), HQ South Western Command, Director General, Discipline, Ceremonial and Welfare
• He stood first in the Junior Command Course and received the Best All Round Student Officer Medal at Defence Services Staff College (DSSC).

POWERGRID Names Burra Vamsi Rama Mohan as Chairman and Managing Director

• Burra Vamsi Rama Mohan has been appointed as the Chairman and Managing Director (CMD) of Power Grid Corporation of India Ltd (POWERGRID).
• The appointment is effective from April 1, 2026, as per the Ministry of Power (MoP)
• His tenure will continue from the date of assumption of charge till July 31, 2030 (superannuation) or until further orders, whichever is earlier.
• As per the regulatory filing, he is not related to any existing Directors or Key Managerial Personnel and is eligible under all applicable norms.
• He has also not been barred by SEBI or any other authority from holding the post of CMD.
• He brings over 33 years of experience in the power transmission and telecom sectors.
• During his career at POWERGRID, he has held several key leadership, strategic, and policy-making positions at both regional and corporate levels.
• His expertise covers major operational domains including projects, procurement, commercial functions, regulatory affairs, asset management, and telecom infrastructure.
• He has contributed significantly to policy formulation and strategic decision-making within the organisation.

Vir Vikram Yadav Named Director General of Civil Aviation in Key Bureaucratic Appointment

• The Appointments Committee of the Cabinet (ACC) has appointed Vir Vikram Yadav (1996-batch IAS, Odisha cadre) as the Director General (DG) of Directorate General of Civil Aviation (DGCA) under the Ministry of Civil Aviation (MoCA).
• Vir Vikram Yadav succeeds Faiz Ahmed Kidwai, who has been appointed as Additional Secretary in the Department of Personnel and Training (DoPT) under the Ministry of Personnel, Public Grievances and Pensions (MoPP&P).
• Prior to this appointment, Vir Vikram Yadav was serving as Additional Secretary in the Ministry of Environment, Forest and Climate Change (MoEFCC).
• He has extensive administrative experience across state and central governments, with expertise in governance, policy implementation, and regulatory administration.
• The appointment is part of a senior-level bureaucratic reshuffle, involving 25 civil servants at the level of Additional Secretary across various ministries.
• Faiz Ahmed Kidwai (1996-batch IAS, Madhya Pradesh cadre) had earlier been appointed as DGCA Chief in January 2025 before his new posting.
• Other key appointments include Puneet Kansal as Additional Secretary, MoCA, and Vishal Gagan as Secretary, Central Information Commission (CIC).
• Gyanendra D Tripathi has been appointed as Additional Secretary, Department of Agricultural Research and Education and Secretary, ICAR.
• Sridhar Chiruvolu has been appointed as Additional Secretary in the Prime Minister’s Office (PMO).
• Ansuman Pattanaik becomes Additional Secretary, Ministry of Corporate Affairs, while N Gulzar is appointed Member Secretary, National Capital Region Planning Board.
• Diwakar Nath Misra has been appointed Additional Secretary, Ministry of Power, and Debasish Prusty as Additional Secretary, Department of Financial Services.
• Additional appointments include Arti Kanwar (Ministry of Textiles), Darpan Jain (Department of Commerce), and Ankita Mishra Bundela (Agriculture & Farmers Welfare).
• Lokhande Prashant Sitaram and Anuj Sharma have been appointed as Additional Secretaries in the Ministry of Home Affairs.
• Vijay Nehra is appointed Additional Secretary, Department of Health and Family Welfare, Siddharth Jain in Ministry of Cooperation, and Neetu Kumari Prasad in Department of Revenue.
• Meenaxi Rawat becomes Additional Secretary & Financial Adviser, MoEFCC, while Yashvir Singh joins Department of Commerce and Hari Har Mishra joins Department of Financial Services.
• Veena Kumari Dermal is appointed Additional Secretary, Ministry of Mines, and Aparna Bhatia as Additional Secretary & Financial Adviser, Ministry of Consumer Affairs, Food & Public Distribution.

About DGCA :

• Headquarters : New Delhi
• The DGCA) is a statutory body of the Government of India to regulate civil aviation in India. It became a statutory body under the Aircraft (Amendment) Act, 2020.

CURRENT AFFAIRS : APPS & PORTALS

Costa Rica Launches ICP App for Identification of Venomous Snakes and Public Safety

• Costa Rica has launched a free mobile application (ICP App) to help users identify venomous snakes and reduce risks of misidentification.
• The app has been developed by the Clodomiro Picado Institute, Universidad de Costa Rica.
• The main objective is to provide scientific and verified information for residents and tourists to ensure safer human–wildlife interaction.
• The app addresses frequent public queries regarding snake identification, which previously led to confusion, panic, or harm to non-venomous species.
• It replaces reliance on informal or inaccurate sources by centralising authentic scientific data.
• The ICP App identifies 25 venomous snake species found in Costa Rica using visual comparison and descriptive details.
• It also provides information on non-venomous species that are commonly confused with venomous snakes.
• The app includes first aid guidelines for snake bites and information on antivenom production and research.
• Users can also record geographic locations of snake sightings, which supports medical response and ecological tracking.
• The initiative reflects the growing use of digital tools in biodiversity conservation and public health safety.
• It enhances real-time decision-making by combining scientific research with user-friendly technology.
• The app promotes environmental awareness, safety, and community engagement through digital innovation.

Ministry of Parliamentary Affairs Launches Consultative Committee Management System Portal for Management and Monitoring of Consultative Committee Meetings

• The Consultative Committee Management System (CCMS) Portal was launched by the Ministry of Parliamentary Affairs to facilitate the management and monitoring of Consultative Committee meetings.
• The portal helps in making the functioning of Consultative Committees smoother, structured, and systematically organized.
• The Consultative Committees were created to provide an informal platform for discussion between Members of Parliament (MPs) and the Government.
• As per the Guidelines on Constitution, Functions and Procedures of Consultative Committees, MPs are free to discuss any matter that can be appropriately raised in Parliament.
• It is considered confidential and not desirable to refer in either House of Parliament to discussions held in Consultative Committee meetings.
• This confidentiality rule is binding on both the Government and Members of Parliament.
• To improve attendance and participation of MPs, meeting information is communicated through both physical notices and electronic means.
• The Ministry also ensures follow-up by officials to inform and remind members about committee meetings.
• The CCMS portal strengthens transparency in scheduling, coordination, and monitoring of committee meetings.
• Overall, the system improves efficiency, discipline, and structured parliamentary engagement in consultative processes.

About Ministry of Parliamentary Affairs :

• Cabinet Minister : Kiren Rijiju
• Minister of State : Arjun Ram Meghwal,L. Murugan

Sexual Harassment Electronic Box Portal Launched as Digital Platform for Effective Implementation of PoSH Act, 2013

• The Ministry of Women and Child Development (MWCD) launched the Sexual Harassment Electronic Box (SHe-Box) Portal on August 29, 2024 as a digital governance initiative for implementing the PoSH Act, 2013.

Key Highlights :

• The SHe-Box Portal is designed for the Prevention, Prohibition and Redressal of Sexual Harassment of Women at Workplace (PoSH Act, 2013).
• As on 27 March 2026, over 1,61,000 workplaces (public and private sectors) with more than 10 employees have been onboarded on the portal.
• Details of over 68,460 Internal Committees (ICs) have been updated on the portal by onboarded workplaces.
• Information of 777 Local Committees (LCs) at the district level is also available on the portal.
• The MWCD is coordinating with multiple ministries and institutions including Ministry of Corporate Affairs, Ministry of Labour & Employment, and National Medical Commission to ensure effective implementation.
• This initiative aligns with directions of the Hon’ble Supreme Court of India in the case of Aureliano Fernandes vs State of Goa and Others.
• The Supreme Court directed Chief Secretaries and District Officers to conduct surveys for ensuring formation of Internal Committees under Section 4 of the PoSH Act.
• The Court also mandated involvement of Labour Commissioners and ensured that all data is properly uploaded on the SHe-Box Portal.
• The MWCD is conducting training sessions, meetings, and capacity-building programmes in hybrid mode to improve awareness and onboarding.
• The portal has been integrated with the Mission Shakti Mobile App, making it accessible on Android and iOS platforms.
• The portal provides support in 23 languages, ensuring multilingual accessibility and inclusivity.
• The State Governments and Union Territories are the implementing authorities responsible for establishing Local Committees (LCs) in every district.
• Nodal officers at block and tehsil levels are appointed to assist women, especially in the unorganised sector.
• MWCD regularly promotes awareness through social media platforms and IEC materials such as FAQs, handbooks, and training manuals.
• The initiative strengthens workplace safety, women empowerment, grievance redressal mechanisms, and compliance monitoring under the PoSH Act, 2013.

About Ministry of Women and Child Development :

• Cabinet Minister : Annapurna Devi
• Minister of State : Savitri Thakur

‘Poshan Tracker’ App Enables Near Real-Time Data Collection for Anganwadi Services

• The Poshan Tracker digital application is an ICT-based governance tool used for monitoring and tracking Anganwadi Centres (AWCs), Anganwadi Workers (AWWs), and beneficiaries on defined indicators.
• It enables near real-time data collection for Anganwadi Services under the nutrition programme.
• To ensure transparency, prevent duplication, and avoid leakage of benefits, the Ministry introduced the Face Recognition System (FRS) in August 2024.

Key Highlights :

• The FRS was first piloted in 6 States/UTs: Andhra Pradesh, Gujarat, Haryana, Odisha, Uttar Pradesh, and Chandigarh.
• It was later expanded on a pan-India basis in December 2024, with an option for THR distribution without FRS.
• The system ensures that Supplementary Nutrition (THR) reaches only genuine and intended beneficiaries.
• Children up to 6 years of age under Mission Saksham Anganwadi and Poshan 2.0 are not required to undergo e-KYC/FRS, and guardians can complete verification on their behalf.
• The FRS is integrated within the Poshan Tracker App and does not require any additional device for Anganwadi Workers (AWWs).
• The system uses Aadhaar-based tracking to ensure proper identification and reduce beneficiary duplication and leakage.
• Informed consent is obtained before face enrolment, ensuring compliance with privacy safeguards.
• The system follows role-based access control, ensuring data is accessible only to authorized personnel for verification purposes.
• All data and transactions are protected through end-to-end encryption during transmission and storage.
• Face images are stored in base64 encoded format, ensuring secure processing within the application.
• Images used for verification cannot be copied or permanently stored on devices, enhancing data protection.
• All temporary or cached data is automatically deleted upon logout of AWWs.
• The system undergoes annual security audits, with the 2025 audit completed by October 2025 through a CERT-In empanelled agency.
• As per February 2026 data, a total of 4,77,88,108 beneficiaries were identified for THR distribution through FRS.
• Out of these, 01% beneficiaries completed e-KYC and face matching successfully.
• Regular training on FRS is provided by the National e-Governance Division (NeGD) to AWWs through state coordinators.
• Additional training is conducted under Poshan Bhi Padhai Bhi (PBPB) by the Savitribai Phule National Institute of Women and Child Development (SPNIWCD).
• As of 18 March 2026, around 41,645 State Level Master Trainers (SLMTs) were trained in Round 1, and 3,901 SLMTs in Round 2.
• Block and district coordinators provide on-ground support and technical assistance for effective use of the Poshan Tracker system.

CURRENT AFFAIRS: SPORTS NEWS

Anahat Singh and Abhay Singh Named Asian Squash Federation Player of the Year 2025 in Junior and Men’s Categories

• Anahat Singh and Abhay Singh were named Asian Squash Federation Player of the Year 2025 by the Asian Squash Federation in the girls’ Under 19 category and men’s category Dato Alex Lee Award respectively.
• The awards recognise their outstanding performances during the 2024 to 2025 squash season at the continental level.
• The official award ceremony is scheduled to be held during the Asian Junior Individual Championships in Panzhihua in May 2026.
• The ASF Awards 2025 are presented to recognise excellence in squash across Asia, based on recommendations by the ASF Selection Panel and approval by the ASF Management Committee.
• Satomi Watanabe of Japan won the Senior Women’s Player of the Year award at the ASF Awards 2025.
• The India men's national junior squash team received the Team of the Year award after securing a **bronze medal at the World Junior Team Championships 2025 held in Egypt.
• The Hong Kong China women's national junior squash team received the Women’s Team of the Year award for their performance at the same championship.

Daily CA One- Liner: April 3^rd

• The Government of Andhra Pradesh led by Chief Minister Nara Chandrababu Naidu launched a free electricity scheme for handloom and powerloom weavers across the state from 1 April 2026 with an annual outlay of Rs 150 crore to reduce power costs, a major component in weaving operations
• The Government of India extended the National Piped Natural Gas Drive 2.0 by three months till 30 June 2026 to sustain momentum in nationwide expansion of Piped Natural Gas connectivity and increase the share of natural gas to 15 percent in India’s energy basket
• The Lok Sabha passed an amendment to the Andhra Pradesh Reorganisation Act 2014 declaring Amaravati as the sole capital of Andhra Pradesh, marking a major administrative and political shift in the state capital structure
• The Government of Delhi introduced the Lakhpati Bitiya Yojana to support girl child education and long term financial security from birth to higher education, through a gazette notification issued
• Tripura achieved a major milestone as three Panchayats secured top honours at the Deen Dayal Upadhyay Panchayat Satat Vikas Puraskar 2025 and Nanaji Deshmukh Sarvottam Panchayat Satat Vikas Puraskar 2025, presented by the Ministry of Panchayati Raj
• Air India signed a codeshare agreement with Uzbekistan Airways to strengthen air connectivity between India and the Central Asia region
• The Government of Meghalaya signed a Memorandum of Understanding with Starlink India on 1 April 2026 to improve high speed internet connectivity across remote and underserved regions of the state
• Singapore Changi Airport was named the World’s Best Airport 2026 at the Skytrax World Airport Awards 2026 held during the Passenger Terminal Expo and Conference World in London
• Anahat Singh and Abhay Singh were named Asian Squash Federation Player of the Year 2025 by the Asian Squash Federation in the girls’ Under 19 category and men’s category Dato Alex Lee Award
• In line with the Union Budget 2026–27, the Central Board of Indirect Taxes and Customs (CBIC) introduced a one-time relief measure for Special Economic Zones (SEZs) manufacturing units.
• The Reserve Bank of India (RBI) has extended the implementation of its revised Capital Market Exposure (CME) framework by 3 months, now effective from 1 July 2026 instead of 1 April 2026.
• The Insurance Regulatory and Development Authority of India (IRDAI) has mandated adoption of Indian Accounting Standards (Ind AS) for insurers from 1 April 2026.
• The Ministry of Defence (MoD) has achieved 100% utilisation of its capital outlay of ₹1.86 lakh crore for Defence Services in FY 2025–26 (at Revised Estimates stage).
• The Appointments Committee of the Cabinet (ACC) has appointed Vir Vikram Yadav (1996-batch IAS, Odisha cadre) as the Director General (DG) of Directorate General of Civil Aviation (DGCA) under the Ministry of Civil Aviation (MoCA).
• The Ministry of Defence (MoD) signed a capital acquisition contract worth ₹1,950 crore with Bharat Electronics Limited (BEL) for the procurement of two Mountain Radar systems for the Indian Air Force (IAF).
• The Indian Navy received the delivery of ‘Malwan’, the second of eight Anti-Submarine Warfare Shallow Water Craft (ASW SWC) from Cochin Shipyard Limited (CSL), Kochi.
• Goa Shipyard Limited (GSL) achieved a major milestone with the ceremonial launch of INS Shachi (Yard 1280) for the Indian Navy and the delivery of ICGS Achal (Yard 1274) to the Indian Coast Guard.
• Lt Gen Dhiraj Seth, PVSM, UYSM, AVSM has assumed charge as the Vice Chief of the Army Staff (VCOAS).
• Burra Vamsi Rama Mohan has been appointed as the Chairman and Managing Director (CMD) of Power Grid Corporation of India Ltd (POWERGRID).
• Costa Rica has launched a free mobile application (ICP App) to help users identify venomous snakes and reduce risks of misidentification.
• The Consultative Committee Management System (CCMS) Portal was launched by the Ministry of Parliamentary Affairs to facilitate the management and monitoring of Consultative Committee meetings.
• The Ministry of Women and Child Development (MWCD) launched the Sexual Harassment Electronic Box (SHe-Box) Portal on August 29, 2024 as a digital governance initiative for implementing the PoSH Act, 2013.
• The Poshan Tracker digital application is an ICT-based governance tool used for monitoring and tracking Anganwadi Centres (AWCs), Anganwadi Workers (AWWs), and beneficiaries on defined indicators.