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CURRENT AFFAIRS : BANKING, FINANCE & BUSINESS

Asian Development Bank To Provide $1.2 Billion Loan to India for Climate and Infrastructure Projects

• The Asian Development Bank (ADB) plans to provide $1.2 billion in loans to India in 2026, maintaining last year’s funding level to support climate resilience and sustainable infrastructure development.
• The funding will support clean energy transition projects, including renewable power generation, transport electrification, green hydrogen production, and power distribution system modernization.

Key Highlights :

• ADB financing will also provide technical assistance to strengthen policy frameworks, institutional capacity building, and energy sector governance reforms in India.
• The PM Surya Ghar: Muft Bijli Yojana is the flagship rooftop solar energy programme promoting residential solar power adoption.
• The scheme has achieved more than 2 million rooftop solar installations since its launch in February 2024, benefiting more than 2.6 million households by December 2025, supporting distributed renewable energy generation.
• ADB is supporting solar energy development in agriculture sectors, particularly in Maharashtra, by funding private solar power generation and improving state electricity distribution systems.
• The bank is also promoting decentralized renewable energy systems using battery storage technologies, which help improve electric grid stability and reliability.
• ADB is supporting the Ministry of Power and Ministry of New and Renewable Energy in developing solar panel recycling policies and circular economy waste management frameworks.
• A Green Skilling Programme has been launched to develop technical green energy skills among underprivileged communities, with a special focus on women empowerment and employment generation.
• Overall, ADB funding strengthens India’s renewable energy targets, climate finance ecosystem, and sustainable development goals (SDGs)
• The initiative supports India’s transition towards low-carbon economic growth and energy security enhancement.

Recent News :

• In Feb 2026, IIFL Home Finance Limited secured a USD 300 million loan agreement from the Asian Development Bank (ADB) to expand affordable housing finance access in India.

About ADB :

• Formation : 19 December 1966
• Headquarters : Mandaluyong,Philippines
• President : Masato Kanda
• Membership : 69 countries

Insurance Regulatory and Development Authority of India Proposes Ind AS Implementation for Insurers from April 1, 2026

• The Insurance Regulatory and Development Authority of India (IRDAI) released an exposure draft of the IRDAI (Actuarial, Finance and Investment Functions of Insurers) (Amendment) Regulations, 2026 to implement Indian Accounting Standards (Ind AS) in the insurance sector.
• The proposed implementation will be effective from 1 April 2026 and will apply to all categories of insurers, including Life Insurers, General Insurers, Health Insurers, and Reinsurers.
• The transition to Ind AS (Indian Accounting Standards) aims to improve global financial comparability, introduce market-consistent valuation of insurance liabilities, and enhance financial reporting transparency.
• The reform will strengthen corporate governance, improve performance disclosure standards, and support better risk management practices in the insurance industry.
• Currently, insurers prepare financial statements under the Insurance Act, 1938 and existing IRDAI regulations, which have limited global accounting comparability and lower financial reporting transparency.
• The new framework will align Indian insurance accounting with International Financial Reporting Standards (IFRS), particularly IFRS 17 (Insurance Contracts) and IFRS 9 / Ind AS 109 (Financial Instruments) notified by the Ministry of Corporate Affairs.
• In the first year of implementation, insurers will follow parallel reporting, submitting Ind AS financial statements along with existing regulatory financial reports.
• IRDAI has proposed retrospective implementation from FY27, with calibrated adoption during FY28–FY29 to ensure smooth transition.
• IRDAI also proposed amendments to the Actuarial, Finance and Investment Functions of Insurers Regulations, 2024 to align with new accounting standards.
• Under the proposal, primary financial statements will be prepared at the entity level, following global IFRS accounting practices.
• Overall, the reform supports insurance sector modernisation, foreign investment confidence, and financial market integration in India.

About IRDAI:

• Headquarters (HQ): Hyderabad, Telangana, India
• Chairperson:Ajay Seth
• Founded: 1999 
• The Insurance Regulatory and Development Authority of India (IRDAI) is an autonomous and statutory body under the Ministry of Finance, Government of India.

Employees' Provident Fund Organisation To Invest in National Highways Authority of India’s Infrastructure Investment Trust

• The Employees' Provident Fund Organisation (EPFO) will become a strategic investor in the Infrastructure Investment Trust (InvIT) promoted by the National Highways Authority of India (NHAI).
• EPFO will invest in 16.6% of total units in the maiden public issue of the Rajmarg Infrastructure Trust (InvIT).
• The InvIT aims to raise approximately ₹10,000 crore, out of which ₹6,000 crore will be raised through the public issue route, supporting infrastructure financing.
• The funds will be utilised by NHAI to acquire and develop highway stretches of about 260 km using the InvIT investment model, promoting asset monetisation.
• The InvIT already holds assets worth approximately ₹43,638 crore, including multiple operational highway projects across India.
• The investment reflects EPFO’s strategy to invest in long-term infrastructure assets to generate stable returns for pension and provident fund subscribers.
• The initiative supports India’s infrastructure development, highway expansion projects, and public–private investment models.

Recent News :

• In Feb 2026, The EPFO approved an 8.25% interest rate on EPF deposits for 2025–26, retaining the same interest rate for the second consecutive year, ensuring stability of retirement savings returns.

About EPFO:

• EPFO: Employees’ Provident Fund Organisation, India's largest retirement fund body.
• Under: Ministry of Labour & Employment, Government of India.
• Key Purpose: Manages Employees’ Provident Fund (EPF), Pension (EPS), and Insurance (EDLI) for salaried employees.
• CEO: Ramesh Krishnamurthi
• Headquarters: New Delhi

Controller General of Accounts Unveils Government Bank Dashboard and Manual for Better Transaction Monitoring

• T. C.A. Kalyani, Controller General of Accounts, launched two major initiatives — the Government Bank Dashboard and the Government Bank Manual — in New Delhi, India, to improve government banking governance and efficiency.
• The initiatives aim to strengthen transparency, standardisation of banking procedures, and monitoring efficiency in government financial transactions across India.
• The Government Bank Dashboard is a real-time monitoring system designed to shift from reactive corrections to proactive financial oversight of government banking operations.
• The dashboard tracks key performance indicators (KPIs) such as transaction success rates, scroll compliance, and remittance processing timelines.
• The Government Bank Manual provides a standardised operational framework for all banks handling government business transactions.
• The manual establishes uniform procedures for financial reporting, reconciliation timelines, and government account settlement processes.
• The initiative aims to improve risk management, reduce operational ambiguities, and enhance financial discipline in government banking operations.
• Overall, the reforms support digital governance, public financial management efficiency, and secure government fund handling systems.

Axis Bank Becomes Preferred electric vehicle Financing Partner for Tesla in India

• Axis Bank has been named a preferred financing partner for Tesla Inc. in India, strengthening financing support for the premium electric vehicle (EV)
• This partnership makes Axis Bank the first lender in India to offer vehicle loan tenures of up to 10 years for premium electric vehicles, improving EV affordability.
• The collaboration was announced in Mumbai on 4 March 2026 and will be expanded across major metropolitan cities and emerging EV markets in India.
• Axis Bank will provide fully digital loan processing, enabling customers to complete financing from vehicle booking to delivery without physical paperwork, promoting paperless digital banking services.
• The financing model introduces long-term repayment options (10-year tenure) to reduce monthly instalments and lower the upfront cost burden for premium EV buyers.
• The bank will also offer cash-flow based repayment schemes, customised according to individual customer financial profiles, instead of traditional fixed EMI-based repayment models.
• The partnership aims to reduce barriers to electric vehicle adoption while improving customer convenience and supporting sustainable mobility transition in India.
• The initiative strengthens India’s EV ecosystem, digital lending infrastructure, and green transportation financing models.

About Axis Bank:

• Founded Year: 1993
• Headquarters: Mumbai, Maharashtra, India
• CEO: Amitabh Chaudhry
• Slogan: "Badhti Ka Naam Zindagi" (A Life of Progress)

 CURRENT AFFAIRS: NATIONAL AND STATE NEWS

India Becomes Second Highest Country Globally in Childhood Obesity: World Obesity Atlas 2026

• According to the World Obesity Atlas released by the World Obesity Federation, India has overtaken the United States to become the second highest country globally for childhood obesity, ranking just behind China.
• As per data compiled till 2025, 41 million Indian children have high Body Mass Index (BMI), including 14 million living with obesity.
• In 2025, 14.9 million children (5–9 years) and over 26 million adolescents (10–19 years) in India were overweight or obese.
• Globally, 20.7% of children aged 5–19 years are overweight or obese, marking a 14.6% increase since 2010. China, India and the United States are projected to have more than 10 million children each with high BMI.
• The projections for 2040 are concerning.
• In India, 20 million children are expected to live with obesity, while 56 million may be overweight or obese. BMI-related hypertension cases may rise from 2.99 million to 4.21 million, hyperglycaemia cases from 1.39 million to 1.91 million, and high triglycerides from 4.39 million to 6.07 million.
• Globally, by 2040, around 507 million children could be overweight or obese.
• The report states that childhood obesity exposes children to adult-like chronic diseases such as hypertension, type 2 diabetes, cardiovascular diseases and metabolic disorders.
• It estimates that by 2040, over 57 million children globally may show early signs of cardiovascular disease due to high triglycerides, while 43 million could develop hypertension.
• India is among the fastest-rising countries in childhood obesity, with annual increases averaging nearly 5%, as stated by Johanna Ralston, CEO of the World Obesity Federation. Contributing factors include 74% of adolescents (11–17 years) not meeting recommended physical activity levels, only 35.5%  of school-age children receiving school meals, high consumption of sugary beverages, 32.6% of infants up to five months being breastfed sub-optimally, and rising high BMI among women aged 15–49 years.
• India also ranks first in the WHO South-East Asia Region, with over 45 million young people (0–19 years) overweight or obese.
• The World Obesity Federation has called for urgent policy action, including strengthening healthy school food environments, restricting marketing of unhealthy foods to children, introducing taxes on sugar-sweetened beverages, expanding early screening in primary healthcare, and promoting physical activity at school and community levels.

Maharashtra Launches Saksham Skill Census, India’s First Artificial Intelligence-Powered Skill Survey

• Ashish Shelar, Minister of Information Technology and Cultural Affairs, Government of Maharashtra, launched the Saksham Skill Census at R. D. National College, Bandra West, Mumbai.
• The Saksham Skill Census is described as India’s first Artificial Intelligence-powered skill census, aimed at assessing the employability of youth aged 18 to 40 years.
• The survey will be conducted by Sapio Analytics over the next few months.
• It is expected to cover 55,000 households in the H-West ward of Mumbai.
• The initiative uses Artificial Intelligence and Geographic Information System mapping to create hyperlocal skill mapping by dividing areas into smaller regions.
• Enumerators will carry out Artificial Intelligence-based door-to-door surveys to assess educational qualifications, skill interests and training requirements of candidates.
• The state government has set a target to train 15,000 candidates by 2027, with 5,000 beneficiaries expected to become self-reliant through employment or entrepreneurship.
• The initiative is significant for data-driven skill development planning, targeted training interventions and improving youth employability in Maharashtra.

RECENT NEWS

• Maharashtra State government has launched the Divyang Sahayak Portal. Which is described as India’s first fully integrated online platform for disability welfare schemes. Announced in February 2026 the portal removes paperwork and physical visits for persons with disabilities. 

About Maharashtra:

• Chief Minister: Devendra Fadnavis
• Governor: Acharya Devvrat
• Capital: Mumbai
• National Parks: Tadoba National Park, Sanjay Gandhi National Park, Chandoli National Park, Gugamal National Park, Navegaon National Park
• Wildlife Sanctuaries: Bhimashankar Wildlife Sanctuary, Koyna Wildlife Sanctuary, Karnala Bird Sanctuary, Melghat Wildlife Sanctuary, Radhanagari Wildlife Sanctuary

Ministry of Electronics and Information Technology Launches Indigenous 30 Kilowatt Wide Band Gap-Based Integrated Drive System at Indian Institute of Technology Madras

• S. Krishnan, Secretary of the Ministry of Electronics and Information Technology, launched an indigenously developed 30 kilowatt Wide Band Gap- based Integrated Drive System for electric vehicle applications at Indian Institute of Technology Madras, Chennai, Tamil Nadu.
• The initiative aims to strengthen self-reliance in the electric vehicle powertrain segment and reduce dependence on imported systems.
• The project seeks to lower system costs through localisation and promote scalable manufacturing under the Production-Linked Incentive Scheme.
• The Integrated Drive System combines the electric motor and inverter into a compact, high power-density unit, improving space and energy efficiency.
• The system is based on Interior Permanent Magnet Synchronous Motor architecture and uses Silicon Carbide Metal-Oxide-Semiconductor Field-Effect Transistor power modules.
• Use of Wide Band Gap technology ensures higher efficiency, better thermal stability and improved overall performance in electric vehicle applications.
• The development is significant for promoting advanced power electronics manufacturing, electric mobility growth and indigenous technological capability in India.

NITI Aayog and Japan International Cooperation Agency Sign Record of Discussions for Phase Two of Sustainable Development Goals Cooperation

• The NITI Aayog and the Japan International Cooperation Agency signed a Record of Discussions for Phase Two of the Japan–India Cooperative Actions towards Sustainable Development Goals.
• The agreement aims to strengthen development interventions in Aspirational Districts and Aspirational Blocks across India.
• The Record of Discussions was signed by Rohit Kumar, Additional Secretary and Mission Director of the Aspirational Districts and Blocks Programme at NITI Aayog, and Takeuchi Takuro, Chief Representative of Japan International Cooperation Agency India.
• The objective of Phase Two is to enhance India–Japan collaboration for achieving the Sustainable Development Goals by improving institutional capacity and governance systems at district and block levels.
• The initiative will be implemented under the Aspirational Districts Programme and the Aspirational Blocks Programme, focusing on evidence-based planning, strengthened monitoring and evaluation mechanisms, and improved service delivery outcomes.
• The partnership is significant for accelerating grassroots development, data-driven governance and Sustainable Development Goals implementation, which is important from examination perspective.

RECENT NEWS

• NITI Aayog has launched the sixth edition of its flagship publication “Trade Watch Quarterly” for Quarter 2 of FY 2025–26 (July–September 2025). The report was released in New Delhi by Vice-Chairman Suman Bery in the presence of Member Arvind Virmani.

About NITI Aayog

• The NITI Aayog (National Institution for Transforming India) serves as the apex public policy think tank of the Government of the Republic of India, and the nodal agency tasked with catalyzing economic development, and fostering cooperative federalism and moving away from bargaining federalism through the involvement of State Governments of India in the economic policy-making process using a bottom-up approach.
• It was established in 2015, by the NDA government, to replace the Planning Commission which followed a top-down model.
• Headquarters- New Delhi

Prime Minister Narendra Modi Launches Development Projects Worth Over Rs 7,100 Crore in Tamil Nadu and Puducherry

• Prime Minister of India Shri Narendra Modi, visited the State of Tamil Nadu (TN) and the Union Territory (UT) of Puducherry to inaugurate, dedicate to the nation and lay foundation stones for multiple infrastructure and development projects worth over Rs 7,100 crore, with a strong focus on regional connectivity, economic growth and public welfare.
• In Madurai, Tamil Nadu, the Hon’ble Prime Minister inaugurated, dedicated and laid foundation stones for projects worth over Rs 4,400 crore, aimed at enhancing road connectivity, improving mobility and accelerating regional economic development.

Under the National Highway development initiatives:

• The Marakkanam–Puducherry project on National Highway-332A (NH-332A) is a four-laning project with an investment of over Rs 2,100 crore. It is expected to reduce travel time by nearly 50% and improve connectivity to important locations such as Mamallapuram, Kalpakkam Atomic Power Station and Auroville.
• The Paramakudi–Ramanathapuram project on National Highway-87 (NH-87) is another four-laning project with an investment of over Rs 1,800 crore. It will reduce travel time by around 40% and strengthen access to Madurai, Rameswaram, Dhanushkodi and Indian Naval Station (INS) Parundu.
• In the Union Territory of Puducherry, the Hon’ble Prime Minister inaugurated and laid the foundation stone for development projects worth over Rs 2,700 crore across key sectors including infrastructure, education, healthcare, mobility and industrial development.
• These initiatives are expected to strengthen regional infrastructure, promote economic activities and enhance overall public welfare in Tamil Nadu and Puducherry.

RECENT NEWS

• Prime Minister Narendra Modi launched a nationwide HPV vaccination drive for 14-year-old girls during his visit to Ajmer in the Rajasthan on 28 February 2026. The campaign aims to prevent cervical cancer, one of the leading causes of cancer-related deaths among women. 

About Tamil Nadu:

• Capital: Chennai
• Chief Minister: M. K. Stalin
• Governor: R. N. Ravi
• National Parks: Mudumalai National Park, Mukurthi National Park, Gulf of Mannar Marine National Park, Indira Gandhi (Anamalai) National Park, Guindy National Park
• Wildlife Sanctuaries: Vedanthangal Bird Sanctuary, Vettangudi Bird Sanctuary, Kalakad Wildlife Sanctuary, Sathyamangalam Wildlife Sanctuary, Vallanadu Wildlife Sanctuary, Megamalai Wildlife Sanctuary, Point Calimere Wildlife Sanctuary

About Puducherry (Union Territory):
• Chief Minister: N. Rangasamy
• Lieutenant Governor: K. Kailashnathan 
• Capital: Puducherry
• Districts: Puducherry, Karaikal, Mahe, and Yanam
• Famous Wildlife Sanctuary: Ousteri Wetland and National Park (also known as Oussudu Lake)

Union Minister Shivraj Singh Chouhan Announces New Seed Act 2026 and Revised Pesticide Act 2026

• Shivraj Singh Chouhan, Union Minister of the Ministry of Agriculture and Farmers Welfare (MoAFW), announced two major legislative reforms — the New Seed Act 2026 and the Revised Pesticide Act 2026 in Mussoorie, Uttarakhand.
• The reforms aim to modernise the regulatory framework of Indian agriculture, ensure quality agricultural inputs, and protect farmers from substandard seeds and pesticides.
• Under the New Seed Act 2026, mandatory registration has been introduced for all seed companies to enhance transparency and accountability. Seed packets will now carry unique Quick Response (QR) codes to enable traceability and verification by farmers. The Act also strengthens penalties, with fines increased up to Rs 30 lakh, along with provisions for imprisonment in cases of deliberate offences.
• The Revised Pesticide Act 2026 is set to replace the Insecticides Act, thereby updating and modernising the regulatory system governing pesticides in India.
• These reforms are significant for strengthening farmer protection, improving input quality control, and enhancing transparency in the agricultural sector.

RECENT NEWS

• The State of Uttarakhand has taken another decisive step in reforming its civil law framework by strengthening the Uniform Civil Code through fresh amendments. The move aims to make the law more practical, transparent and citizen-friendly, while reinforcing equality and digital governance in civil matters across the state. 

About Uttarakhand:

• Chief Minister: Pushkar Singh Dhami
• Governor: Gurmit Singh
• Capital: Dehradun
• National Parks: Jim Corbett National Park, Nanda Devi National Park, Rajaji National Park, Gangotri National Park, Valley of Flowers National Park
• Wildlife Sanctuaries: Kedarnath Wildlife Sanctuary, Askot Wildlife Sanctuary, Binsar Wildlife Sanctuary, Govind Wildlife Sanctuary, Sonanadi Wildlife Sanctuary, Nandi Devi Wildlife Sanctuary

CURRENT AFFAIRS : INTERNATIONAL NEWS

Scotland Becomes First United Kingdom Nation to Legalise Water Cremation

• Scotland has become the first nation in the United Kingdom to legalise water cremation (Alkaline Hydrolysis), marking the biggest funeral law reform since 1902 when traditional cremation was introduced.
• The reform was approved by the Scottish Parliament due to growing demand for environmentally sustainable funeral practices and green end-of-life options.
• Water cremation (Alkaline Hydrolysis) is considered a green alternative to flame cremation and burial, as it reduces carbon emissions and environmental pollution.
• In the process, the body is placed in a sealed chamber containing water + potassium hydroxide (alkaline solution) and heated to about 150°C for approximately 90 minutes.
• The combination of heat, water, and chemicals accelerates natural decomposition, leaving only bones after soft tissues dissolve.
• The remaining bones are rinsed at high temperature (~120°C), dried, and processed in a cremulator machine to produce ashes similar to traditional cremation.
• The remaining liquid by-product is safely treated before disposal following environmental regulations.
• Environmental benefits include lower energy consumption, reduced carbon footprint, and no release of harmful emissions such as carbon dioxide and mercury from dental fillings.
• Public support was strong; a 2023 public consultation showed 84% of respondents supported legalisation of hydrolysis.
• The reform reflects growing global interest in sustainable funeral practices and eco-friendly lifestyle choices.
• Globally, hydrolysis is already legal in 28 states of the United States, and is available in Canada, Ireland, South Africa, Australia, and New Zealand.
• The decision may influence future funeral law reforms across other parts of the UK such as England, Wales, and Northern Ireland, due to rising environmental awareness and consumer choice preferences.

About Scotland :

• Capital : Edinburgh
• Currency : Pound sterling

Canadian Prime Minister Mark Carney’s India Visit Overview (Feb 27 – Mar 2, 2026)

• Mark Carney, the Prime Minister of Canada, visited India from 27 February to 2 March 2026 at the invitation of Narendra Modi.
• This was his first official visit to India since 2018.
• The visit aimed to strengthen bilateral cooperation between India and Canada in areas such as trade, energy security, and Artificial Intelligence (AI) cooperation.
• On 27 February 2026, PM Mark Carney arrived in Mumbai, Maharashtra, to promote economic and strategic partnership between the two countries.
• Delegation-level talks were held on 2 March 2026 at Hyderabad House, New Delhi, focusing on economic cooperation and trade expansion.
• Both leaders launched negotiations for the Comprehensive Economic Partnership Agreement (CEPA) with the release of Terms of Reference (ToR) to boost trade and investment relations.
• India set a bilateral trade target of USD 50 billion by 2030, focusing on sectors such as pharmaceuticals, iron and steel, seafood, cotton garments, electronics, chemicals, pulses, coal, fertilizers, paper, and crude petroleum.
• Several MoUs were signed between India and Canada in sectors including Artificial Intelligence (AI), healthcare, agriculture, innovation, education, and culture cooperation.
• The visit reflects a strengthening India–Canada diplomatic, economic, and technological partnership and supports global strategic collaboration.

About Canada :

• Capital : Ottawa
• Currency : Canadian dollar

CURRENT AFFAIRS: AWARDS AND HONOURS

Indian Women’s Cricket Team Nominated for 2026 Laureus World Team of the Year Award

• The India women's national cricket team has been nominated for the Laureus World Team of the Year Award 2026 following their historic victory at the ICC Women's World Cup held in India.
• This nomination marks a landmark moment for Indian sport, as it is the first time a women’s cricket team has been nominated in this category.
• The team secured their maiden ICC Women’s World Cup title in 2025.
• Led by Harmanpreet Kaur, the team delivered an outstanding performance throughout the tournament.
• One of the biggest highlights was achieving the highest successful run chase in women’s One Day International (ODI) history.
• They defeated Australia in a thrilling semi-final, with the record ODI chase becoming one of the most talked-about moments in women’s cricket.
• The nomination was confirmed by the Laureus Sport for Good Foundation, which organises the globally recognised Laureus World Sports Awards.
• The Indian women’s cricket team has been nominated alongside elite global teams such as the England women's national football team, Paris Saint-Germain F.C., and McLaren Formula 1 Team, highlighting the global impact of their World Cup triumph.
• The Laureus World Team of the Year Award is among the most prestigious honours in international sport and recognises teams that have delivered exceptional achievements and inspired millions worldwide.
• The nomination signifies global recognition for women’s cricket, growing prominence of Indian women athletes, and a milestone in the evolution of women’s team sports.
• Other Indian sportspersons nominated in major Laureus categories include Vinesh Phogat, Neeraj Chopra, and Rishabh Pant, reflecting India’s rising influence in global sports.

Safeena Husain Featured in TIME Women of the Year 2026 List

• Safeena Husain, Founder of the Non-Profit Organisation Educate Girls, was featured in the TIME Women of the Year list for her contribution to girls’ education and social equity.
• She was recognised alongside Indian-origin leaders Reshma Kewalramani and Reshma Saujani for their impact in biotechnology and social advocacy.
• Other honourees include Teyana Taylor, Lucy Liu, Brandi Carlile, Sheryl Lee Ralph, Chloé Zhao, and Olympic gold medallist Sydney McLaughlin-Levrone.
• TIME will honour the awardees at the Women of the Year Leadership Forum and Gala on 10 March 2026 in Los Angeles, United States of America.
• Safeena Husain founded Educate Girls in 2007 to address the issue of out-of-school girls in rural, remote and tribal communities affected by poverty and gender bias.
• The organisation expanded from a few villages in Rajasthan to over 30,000 villages across 12 states, becoming one of India’s largest community-driven programmes for girls’ education.
• In 2025, Educate Girls became the first Indian organisation to receive the Ramon Magsaysay Award, regarded as Asia’s highest honour for community leadership.
• The recognition highlights India’s growing global presence in education reform, biotechnology leadership and social empowerment initiatives.

CURRENT AFFAIRS: MOUS AND AGREEMENT

Indian Army and Ladakh Forest Department Sign MoU for Wildlife Conservation on World Wildlife Day 2026

• The Indian Army and the Ladakh Forest Department signed a Memorandum of Understanding (MoU) to strengthen wildlife conservation efforts in Ladakh’s fragile high-altitude ecosystems.
• The initiative reinforces India’s commitment to sustainable development in border areas while protecting biodiversity.
• The MoU aims to promote sustainable development in high-altitude ecosystems, strengthen environmental protection in Ladakh, conserve fragile habitats alongside border security operations, and establish a Joint Snow Leopard Conservation Cell for monitoring and coordination.
• The Defence Ministry highlighted that the agreement balances national security with environmental stewardship.
• The MoU focuses on conserving key Himalayan species such as the Snow Leopard, Himalayan Wolf, Bharal (Blue Sheep), Ibex, Himalayan Marmot, and Black-necked Crane.
• These species fall under the broader framework of the Global Snow Leopard Ecosystem Forum, which promotes transboundary conservation across Central and South Asia.
• Ladakh is a cold desert ecosystem characterised by low oxygen levels, extreme temperature variations, sparse vegetation and unique biodiversity. Wildlife in the region is highly vulnerable to climate change, habitat degradation, human-wildlife conflict and infrastructure expansion, making conservation efforts crucial.
• The Indian Army, which operates extensively in Ladakh due to strategic border requirements, has previously undertaken initiatives in high-altitude waste management, afforestation, water conservation and protection of local flora and fauna, reaffirming its commitment to biodiversity conservation.
• India hosts around 10–15% of the global Snow Leopard population, mainly across Ladakh, Himachal Pradesh, Uttarakhand, Sikkim and Arunachal Pradesh.
• The Snow Leopard is listed as Vulnerable on the IUCN Red List. India is also a participant in the Global Snow Leopard Ecosystem Protection Program, an international initiative involving 12 range countries.
• The MoU marks a significant step towards integrated conservation and sustainable development in ecologically sensitive border regions.

Survey of India Signs Five-Year Memorandum of Understanding with Kerala Digital University for Geospatial Collaboration

• The Survey of India, under the Department of Science and Technology, Ministry of Science and Technology, signed a five-year Memorandum of Understanding with Kerala Digital University, Kerala.
• The objective of the partnership is to advance excellence in geospatial data collection, processing and analysis using technologies such as Geoinformatics, Artificial Intelligence and Machine Learning.
• Under the agreement, both institutions will collaborate on Research and Development in mapping and spatial data sciences.
• The Memorandum of Understanding also includes training programmes and workshops for students and professionals, along with internships and knowledge exchange initiatives.
• Joint projects will be undertaken in alignment with national geospatial priorities and digital innovation goals.
• The collaboration is significant for strengthening academia–industry linkage, enhancing geospatial capabilities, promoting innovation in spatial technologies and supporting evidence-based planning and development.

CURRENT AFFAIRS : APPOINTMENTS & RESIGNATIONS

Jio Platforms Names Dan Bailey as President for International Business

• Jio Platforms Limited, the digital services arm of Reliance Industries Limited, appointed Dan Bailey as President to lead its international business operations.
• In this role, he will focus on expanding Jio’s global footprint, strengthening international partnerships, and scaling digital services across global markets.
• Dan Bailey brings over 35 years of experience in consulting and investment banking.
• He has held senior leadership roles at Schroders, Citigroup, Morgan Stanley, and HSBC.
• Prior to this appointment, he served as Chairman of the Technology, Media and Telecom (TMT) practice at Deutsche Bank, where he advised on global telecom, media, and technology transactions.
• He will report to Akash Ambani, Chairman of Reliance Jio Infocomm Limited, and will also join the Executive Committee of Jio Platforms Limited.
• The appointment supports Jio’s global digital expansion strategy, strengthening international business operations and strategic corporate decision-making.
• The move reflects Jio’s focus on global telecom competition, technology leadership, and digital ecosystem growth.

CURRENT AFFAIRS : ACQUISITIONS & MERGERS

Competition Commission of India Approves Central Bank of India’s Additional Stake in Generali Central Insurance Companies

• The Competition Commission of India (CCI) approved the acquisition of additional shareholding in Generali Central Insurance Company Limited (GCICL) and Generali Central Life Insurance Company Limited (GCLICL) by Central Bank of India.
• The proposed acquisition involves 1.09% additional equity in GCICL and 0.82% additional equity in GCLICL, strengthening Central Bank of India’s strategic investment in the insurance sector.
• Central Bank of India provides banking and allied financial services including deposits, lending, and financial products across India.
• GCICL provides general insurance services, while GCLICL provides life insurance products in the Indian insurance market.
• The approval is part of regulatory merger and acquisition oversight to ensure fair competition and market stability in the financial services sector.
• The transaction highlights the trend of bank–insurance partnership (bancassurance expansion) in India’s financial ecosystem.

About CCI:

• The Competition Commission of India (CCI) is a statutory body within the Ministry of Corporate Affairs and is responsible for enforcing the Competition Act of 2002.
• Founded: October 14, 2003
• Headquarters: New Delhi, India
• Chairperson: Ravneet Kaur

Competition Commission of India Approves Shareholding Purchase in Balaji Wafers by General Atlantic Unit

• The Competition Commission of India (CCI) approved the acquisition of shareholding in Balaji Wafers Private Limited by General Atlantic Singapore BWP Pte. Ltd. (GASBWP).
• The acquisition is a proposed combination transaction, where GASBWP will acquire certain shares on a fully diluted basis from the existing shareholders of Balaji Wafers.
• GASBWP is an investment holding company incorporated in Singapore, affiliated with General Atlantic investment funds, which provide capital and strategic investment support to growing global businesses.
• General Atlantic invests across multiple sectors including technology, healthcare, financial services, consumer products, climate infrastructure, and real estate, focusing on long-term portfolio investment strategies.
• Balaji Wafers is an Indian packaged food manufacturing company engaged in producing and selling salted snacks, non-salted snacks, biscuits, ready-to-eat foods, and condiments.
• The company has a strong distribution network across India, especially in western and central India, through retailers and distributors.
• The approval reflects CCI’s regulatory oversight to maintain fair competition and ensure market balance in consumer goods and food manufacturing sectors.
• The transaction also highlights foreign investment participation in Indian consumer goods manufacturing.

CURRENT AFFAIRS : ENVIRONMENT

Scientists Discover New Genus and Species of Blind Fish in Assam

• An international research team from Germany, India, and Switzerland discovered a new genus and species of blind aquifer-dwelling (phreatobitic) fish named “Gitchak nakan" in a hand-dug well in Assam, India.
• The discovery was published in Scientific Reports, a journal under the Nature Portfolio, which is one of the world’s leading scientific research journals.
• This discovery marks the first record of an aquifer-dwelling fish species from North-East India and the Eastern Himalayan region, highlighting regional biodiversity significance.
• The name “Gitchak nakan” is derived from the Garo language; “Gitchak” means red, while “na-tok” and “kana” refer to the absence of eyes, describing the fish’s blind characteristics.
• The species belongs to a new genus within the Cobitidae family, which is known for loach-type fishes commonly found in freshwater ecosystems.
• The fish is a miniature species, growing to a maximum size of 2 cm, with a translucent body and no skin pigment, giving it a bright red appearance.
• The most unusual feature of this species is the complete absence of a skull roof, with the brain covered only by skin instead of bone, representing a unique evolutionary adaptation to subterranean habitats.
• The discovery enhances knowledge of subterranean biodiversity, evolutionary biology, and aquifer ecosystem conservation.

Two New Earthworm Species Found in Kerala’s Silent Valley National Park

• Researchers discovered two new species of moniligastrid earthworms, namely “Moniligaster girishi” and “Drawida reynoldsi”, in Silent Valley National Park, located in the Nilgiri Biosphere Reserve of the Western Ghats, Kerala.
• The discovery was published in the peer-reviewed scientific journal Zootaxa, increasing scientific knowledge of earthworm biodiversity and taxonomy.
• With this discovery, the total number of moniligastrid earthworm species in India increased to 95 species, of which 70 species are found in the Western Ghats, highlighting regional biodiversity richness.

About Moniligaster girishi :

• Moniligaster girishi was collected from the tropical wet evergreen forests near Chembotti.
• It belongs to the gravelyi species group and is identified by a single undivided spermathecal atrial gland and a specific prostatic capsule structure.
• The species is named after P. Girish Kumar, a scientist from the Zoological Survey of India.

About Drawida reynoldsi :

• Drawida reynoldsi was collected from montane grasslands between Sispara and Anginda.
• It belongs to the robusta species group and is characterised by a sausage-shaped prostatic capsule and a large, erect spermathecal atrium.
• The species is named after John Warren Reynolds, a Canadian earthworm specialist.
• Kerala has the highest diversity of these earthworms, with 43 species, including 30 Drawida species and 13 Moniligaster species, indicating high endemic biodiversity in the region.
• The discovery highlights the importance of conservation of Western Ghats ecosystems and contributes to understanding soil ecology and biodiversity evolution.

CURRENT AFFAIRS: BOOKS AND AUTHOR

Vice President C.P. Radhakrishnan Releases 16 Books Published by Publications Division

• C. P. Radhakrishnan, Vice President of India, released 16 books published by the Publications Division under the Ministry of Information and Broadcasting at Uparashtrapati Bhavan, New Delhi.
• Out of the total publications, 14 books are in Tamil, while the remaining 2 books are in Hindi (1) and English (1).
• The Tamil titles cover a wide range of themes including: Rameswaram (a spiritual link between North and South India); Ramanujar (life and philosophy of Ramanuja); the historic Nadukal tradition; the ancient port town Arikaimedu; Bakthi Ilakkiyam; Iyarkai Velanmai; Pazhanthamizhan Isai Karuvigal; Tamizhaga Naattar Deivangal; Pudhiya Ariviyal Thozhilnutpangal; Bankim Chandra Chatterjee; Madurai Meenakshi Amman Temple; Thanjavur Peruvudayar Koil; Manimegalai; and Mahavidwan Meenakshi Sundaram Pillai.
• The Tamil book on Rameswaram explains the temple’s sacred sites, architecture, sculptures and deities, with references from the Puranas and literary sources.
• The Vice President also released a book on Bankim Chandra Chatterjee, written by S. K. Bose, in English, Hindi and Tamil.
• The book highlights the life, times and exemplary contribution of Bankim Chandra Chatterjee to the Indian literary movement.

Union Minister Mansukh Mandaviya Releases Book “Mahatma: A Great Communicator” in New Delhi

• Mansukh Mandaviya, Union Minister for the Ministry of Labour & Employment (MoL&E) and the Ministry of Youth Affairs & Sports (MYAS), released the book titled “Mahatma: A Great Communicator” at a function held at Gandhi Darshan, Rajghat, New Delhi.
• The book has been authored by Dhiraj Kakadia, who serves as the Additional Director General of Akashvani.
• The theme of the book revolves around the life of Mahatma Gandhi, with special emphasis on the impact of his exceptional communication skills during India’s freedom struggle.
• The objective of the book is to create public awareness and encourage individuals to learn from Mahatma Gandhi’s life and incorporate his ideals into their daily lives.
• The book has been published by Navajivan Trust and is available in three languages — Hindi, English and Gujarati.

CURRENT AFFAIRS : OBITUARIES

Senior Journalist and Ex-Diplomat H.K. Dua Passed Away

• Renowned journalist, former diplomat, and parliamentarian Hari Krishan Dua (HK Dua) passed away at the age of 88 in New Delhi, India.

About Hari Krishan Dua :

• Hari Krishan Dua was born on July 01, 1937, and had an illustrious journalism career spanning more than 40 years.
• HK Dua served as Editor of Hindustan Times from 1987 to 1994.
• He later worked as Editor-in-Chief of The Indian Express from 1994 to 1996.
• He served as Editorial Advisor at The Times of India from 1997 to 1998.
• He also worked as Editor of The Tribune from 2003 to 2009.
• HK Dua served as Media Advisor to former Prime Ministers Atal Bihari Vajpayee and H. D. Deve Gowda.
• He served as Ambassador of the Government of India to Denmark from 2001 to 2003.
• He was nominated as a member of the Rajya Sabha, the Upper House of Parliament, and served from 2009 to 2015.
• During his tenure in the Rajya Sabha, he actively participated in debates related to foreign affairs and national security.

Awards & Honors :

• He was honoured with the Padma Bhushan in 1998 by the Government of India, India’s third-highest civilian award, in the ‘Literature and Education (Journalism)’category.

Daily CA One- Liner: March 6

• According to the World Obesity Atlas released by the World Obesity Federation, India has overtaken the United States to become the second highest country globally for childhood obesity, ranking just behind China
• Ashish Shelar, Minister of Information Technology and Cultural Affairs, Government of Maharashtra, launched the Saksham Skill Census at R. D. National College, Bandra West, Mumbai
• S. Krishnan, Secretary of the Ministry of Electronics and Information Technology, launched an indigenously developed 30 kilowatt Wide Band Gap- based Integrated Drive System for electric vehicle applications at Indian Institute of Technology Madras, Chennai, Tamil Nadu
• The NITI Aayog and the Japan International Cooperation Agency signed a Record of Discussions for Phase Two of the Japan–India Cooperative Actions towards Sustainable Development Goals
• Prime Minister of India Shri Narendra Modi, visited the State of Tamil Nadu (TN) and the Union Territory (UT) of Puducherry to inaugurate, dedicate to the nation and lay foundation stones for multiple infrastructure and development projects worth over Rs 7,100 crore, with a strong focus on regional connectivity, economic growth and public welfare
• Shivraj Singh Chouhan, Union Minister of the Ministry of Agriculture and Farmers Welfare (MoAFW), announced two major legislative reforms — the New Seed Act 2026 and the Revised Pesticide Act 2026 in Mussoorie, Uttarakhand
• The India women's national cricket team has been nominated for the Laureus World Team of the Year Award 2026 following their historic victory at the ICC Women's World Cup held in India
• Safeena Husain, Founder of the Non-Profit Organisation Educate Girls, was featured in the TIME Women of the Year list for her contribution to girls’ education and social equity
• The Indian Army and the Ladakh Forest Department signed a Memorandum of Understanding (MoU) to strengthen wildlife conservation efforts in Ladakh’s fragile high-altitude ecosystems
• The Survey of India, under the Department of Science and Technology, Ministry of Science and Technology, signed a five-year Memorandum of Understanding with Kerala Digital University, Kerala
• C. P. Radhakrishnan, Vice President of India, released 16 books published by the Publications Division under the Ministry of Information and Broadcasting at Uparashtrapati Bhavan, New Delhi
• Mansukh Mandaviya, Union Minister for the Ministry of Labour & Employment (MoL&E) and the Ministry of Youth Affairs & Sports (MYAS), released the book titled “Mahatma: A Great Communicator” at a function held at Gandhi Darshan, Rajghat, New Delhi.
• The Asian Development Bank (ADB) plans to provide $1.2 billion in loans to India in 2026, maintaining last year’s funding level to support climate resilience and sustainable infrastructure development.
• The Insurance Regulatory and Development Authority of India (IRDAI) released an exposure draft of the IRDAI (Actuarial, Finance and Investment Functions of Insurers) (Amendment) Regulations, 2026 to implement Indian Accounting Standards (Ind AS) in the insurance sector.
• The Employees' Provident Fund Organisation (EPFO) will become a strategic investor in the Infrastructure Investment Trust (InvIT) promoted by the National Highways Authority of India (NHAI).
• T. C.A. Kalyani, Controller General of Accounts, launched two major initiatives — the Government Bank Dashboard and the Government Bank Manual — in New Delhi, India, to improve government banking governance and efficiency.
• Axis Bank has been named a preferred financing partner for Tesla Inc. in India, strengthening financing support for the premium electric vehicle (EV)
• Scotland has become the first nation in the United Kingdom to legalise water cremation (Alkaline Hydrolysis), marking the biggest funeral law reform since 1902 when traditional cremation was introduced.
• Mark Carney, the Prime Minister of Canada, visited India from 27 February to 2 March 2026 at the invitation of Narendra Modi.
• Jio Platforms Limited, the digital services arm of Reliance Industries Limited, appointed Dan Bailey as President to lead its international business operations.
• The Competition Commission of India (CCI) approved the acquisition of additional shareholding in Generali Central Insurance Company Limited (GCICL) and Generali Central Life Insurance Company Limited (GCLICL) by Central Bank of India.
• The Competition Commission of India (CCI) approved the acquisition of shareholding in Balaji Wafers Private Limited by General Atlantic Singapore BWP Pte. Ltd. (GASBWP).
• An international research team from Germany, India, and Switzerland discovered a new genus and species of blind aquifer-dwelling (phreatobitic) fish named “Gitchak nakan" in a hand-dug well in Assam, India.
• Researchers discovered two new species of moniligastrid earthworms, namely “Moniligaster girishi” and “Drawida reynoldsi”, in Silent Valley National Park, located in the Nilgiri Biosphere Reserve of the Western Ghats, Kerala.
• Renowned journalist, former diplomat, and parliamentarian Hari Krishan Dua (HK Dua) passed away at the age of 88 in New Delhi, India.