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CURRENT AFFAIRS : BANKING, FINANCE & BUSINESS

Reserve Bank of India Introduces New Rules to Strengthen Customer Protection in Digital Banking Transactions

• The Reserve Bank of India (RBI) issued the RBI (Commercial Banks – Responsible Business Conduct) Third Amendment Directions, 2026 to strengthen customer protection in electronic banking transactions effective from 1 July 2026 under the Banking Regulation Act, 1949.
• The rules protect customers from fraud across digital banking channels including UPI payments, internet banking, mobile banking, debit/credit cards, and ATM transactions.

Key Highlights :

• Banks must send mandatory SMS alerts for all electronic transactions above ₹500 to improve fraud awareness and transaction monitoring.
• Customers will receive zero liability protection and transaction reversal if fraud occurs due to bank negligence, even if the customer does not report the fraud immediately.
• In cases of third-party breaches, banks will be liable if the customer reports fraud within 5 calendar days of the incident.
• Banks must resolve fraud-related complaints within 30 days of receiving the complaint.
• Victims of fraud up to ₹50,000 may receive 85% compensation of net loss (maximum ₹25,000) if conditions are satisfied.
• Compensation is provided only if the bank confirms the complaint as genuine (bona fide) through internal investigation.
• Compensation funding will be shared as 65% by RBI, 10% by customer’s bank, and 10% by beneficiary bank.
• The rules apply to commercial banks, excluding small finance banks, payments banks, regional rural banks, and local area banks.
• Electronic banking transactions include payments through internet banking, mobile banking, cards, and other electronic fund transfer systems under the Payment and Settlement Systems Act, 2007.
• Authorised transactions include those performed using OTP, PIN, passwords, CVV, or authentication challenge responses.
• Fraudulent transactions include those executed using stolen credentials, coercion, or scam-based deception where customers are tricked into transferring money.
• Bank negligence includes failure to maintain secure systems, not sending fraud alerts, or not providing fraud reporting mechanisms.
• Customer negligence includes sharing passwords/OTPs, ignoring fraud warnings, or installing malicious applications.
• Third-party breaches involve deficiencies from intermediaries such as Payment Aggregators (PA), Payment Gateways (PG), Telecom Service Providers (TSP), and Third Party Application Providers (TPAP).
• Customers must immediately report fraud to the bank and also file complaints through the National Cyber Crime Reporting Portal or Cyber Crime Helpline (1930).
• The reform strengthens digital financial security, customer liability protection, and responsible banking practices in India’s financial ecosystem.

Yes Bank Introduces ‘YES Essence’ Salary Account for Women’s Financial Empowerment

• Yes Bank launched a specialised salary account named “YES Essence Women’s Salary Account” aimed at supporting the financial and lifestyle needs of working women ahead of International Women’s Day (March 8).
• The account provides a comprehensive suite of services including financial protection, preventive healthcare benefits, lifestyle privileges, and wealth-creation opportunities on a single banking platform.
• Key benefits for eligible account holders include a free locker facility for the first year, ₹5 lakh complimentary top-up health insurance for one year, and an annual preventive health check-up.
• The account also offers a complimentary Elegance Debit Card with 5% cashback up to ₹6,000 per year on select spending categories.
• Eligibility criteria: The applicant must be an Indian female resident, minimum 18 years of age, and must be the primary account holder of the salary account.
• The initiative aims to promote women’s financial empowerment and inclusive banking services through customised banking products for working women.

About YES Bank:

• Founded: 2004
• Headquarters: Mumbai, Maharashtra, India
• Managing Director & CEO: Prashant Kumar
• Tagline : "Life Ko Banao Rich"

SBI General Insurance Launches “Chuniye Bharosa, Apno Sa” Campaign Emphasizing Health and Family Protection

• SBI General Insurance Company Limited, a leading general insurance provider in India, launched an integrated brand campaign titled “Chuniye Bharosa, Apno Sa”, focusing on health insurance and family financial protection.
• The campaign positions the insurer as a trusted family protector providing reliable financial security solutions for customers.
• The company appointed Pankaj Tripathi as its Brand Ambassador to strengthen brand visibility and customer engagement.
• The campaign aims to improve brand recall, build customer trust, and reinforce SBI General Insurance’s image as a dependable insurance service provider.
• A promotional film was released featuring Pankaj Tripathi portraying family care values through everyday thoughtful actions, highlighting the importance of health insurance protection.
• The campaign will be promoted across multiple media platforms, including Print, Television (TV), OTT platforms, and Social Media

About SBI General Insurance:

• It was established in 2009 and began operations in 2010 as a Joint Venture (JV) between State Bank of India (SBI) and Napean Opportunities LLP.
• The company is regulated under the Insurance Regulatory and Development Authority of India (IRDAI) and is headquartered in Mumbai, Maharashtra.

 CURRENT AFFAIRS: NATIONAL AND STATE NEWS

Government Suspends Television Rating Points for TV News Channels for Four Weeks

• The Government of India directed the Broadcast Audience Research Council to suspend Television Rating Points (TRP) reporting for TV news channels for four weeks.
• The directive was issued by the Ministry of Information and Broadcasting on 7 March 2026 amid concerns about coverage of the Israel–Iran conflict in West Asia.
• The decision aims to prevent sensational reporting and reduce panic among viewers, particularly those with family or personal connections in conflict-affected regions.
• Authorities observed that intense competition for higher TRP ratings was encouraging sensational or exaggerated news coverage by some television channels.
• The Broadcast Audience Research Council (BARC) is India’s official body responsible for measuring television viewership data and calculating TRP ratings.
• BARC was established in 2010 to collect and analyze television audience measurement data across India.
• TRP ratings help broadcasters and advertisers understand programme popularity, audience reach, viewer engagement and advertising revenue allocation.
• The government invoked Clause 24.2 of the policy guidelines governing BARC operations, which requires the organization to comply with directives issued by the Ministry of Information and Broadcasting.
• Under this provision, BARC has been instructed to withhold publication of TRP ratings for TV news channels for four weeks or until further instructions.
• A similar step was taken in 2020, when the Ministry of Information and Broadcasting suspended TRP ratings for several weeks following allegations of TRP data manipulation investigated by the Mumbai Police.
• The earlier suspension aimed to restore transparency and credibility in India’s television audience measurement system.

Punjab Budget 2026–27 Presented with ₹2,60,437 Crore Outlay; Mukh Mantri Mawan Dhiyan Satkar Yojana Announced

• The Punjab Budget 2026–27 was presented by Finance Minister Harpal Singh Cheema in Punjab with a total outlay of ₹2,60,437 crore.
• The budget introduced a major welfare scheme Mukh Mantri Mawan Dhiyan Satkar Yojana aimed at strengthening financial security for women.
• Under the scheme, women will receive ₹1,000 per month, while Dalit women will receive ₹1,500 per month.
• The scheme is expected to cover around 97% of women in the state with a total allocation of ₹9,300 crore.
• Women who are not eligible under the scheme include:
  – Government employees and pensioners
  – Income tax payers
  – Sitting or former Members of Parliament (MPs) and Members of Legislative Assembly (MLAs)
• Women already receiving social security pensions will remain eligible for the scheme.
• The Finance Minister described the budget as “Saari Guarantiyan Puri Karan Wala Budget.”
• The budget allocated ₹18,304 crore for women welfare schemes.
• Additional allocations include ₹600 crore for free bus travel scheme for women, ₹932 crore under Integrated Child Development Services (ICDS), and ₹65 crore for free sanitary pads under the Navi Disha Scheme.
• The education sector received ₹19,279 crore, representing a 7% increase compared to the previous year.
• The government announced Sikhiya Kranti 2.0, a major school reform programme with ₹3,500 crore investment in collaboration with the World Bank to improve school infrastructure and teaching quality.
• The agriculture sector received ₹15,377 crore, marking a 6% increase.
• Major agriculture initiatives include ₹40 crore for Direct Seeding of Rice (DSR), ₹600 crore subsidy for crop residue management, ₹7,715 crore power subsidy for farmers, ₹1,300 crore for climate-resilient horticulture crops, and ₹270 crore for sugarcane payment support.
• The budget allocated ₹2,000 crore for Mukh Mantri Sehat Bima Yojana, providing free health insurance coverage up to ₹10 lakh per family.
• The government announced the establishment of 143 new Aam Aadmi Clinics and the upgradation of 308 health centres into clinics.
• For rural infrastructure, 11,901 km of rural roads will be upgraded at a cost of ₹2,597 crore, while 19,876 km additional roads will be constructed at a cost of ₹7,606 crore.
• Urban development allocations include ₹1,000 crore for Municipal Development Fund, ₹500 crore for Punjab Municipal Services Improvement Project, and ₹665 crore for infrastructure in 149 urban local bodies.
• To promote sports culture, the budget allocated ₹1,791 crore for sports infrastructure, marking an 83% increase compared to the previous year.
• Planned initiatives include construction of 6,000 village playgrounds, development of 5,000 indoor gyms, and adventure sports camps in sub-mountainous areas under Public-Private Partnership (PPP) mode.

RECENT NEWS

• The Punjab government has launched the ‘Meri Rasoi’ scheme to provide nutritional support to nearly 40 lakh economically weaker families across the state. 

About Punjab:

• Chief Minister: Bhagwant Mann ​
• Governor: Gulab Chand Kataria
• Capital: Chandigarh ​
• Wildlife Sanctuaries: Abohar Wildlife Sanctuary, Aishvan Wildlife Sanctuary, Bir Bhadson Wildlife Sanctuary, Bir Bunerheri Wildlife Sanctuary, Bir Dosanjh Wildlife Sanctuary ​

Karnataka Proposes Social Media Ban for Children Under 16 in Budget 2026

• The Government of Karnataka proposed a ban on social media usage for children below 16 years in the Karnataka Budget 2026–27.
• The proposal was announced by Chief Minister Siddaramaiah with the aim of protecting children from harmful online content, digital addiction and excessive screen exposure.
• If implemented, Karnataka would become the first Indian state to introduce a restriction on social media access for children under 16 years.
• The government stated that the measure is intended to reduce the negative effects of excessive mobile and social media usage among children and teenagers.
• The social media ban for children under 16 is currently a policy proposal, and the state government has not yet finalized mechanisms for age verification or enforcement across social media platforms.
• The proposal comes amid growing global concerns about digital addiction, harmful content exposure and targeted advertising affecting young users.
• The Government of Andhra Pradesh is also considering restrictions on social media usage for children, following the announcement by Karnataka.
• The Andhra Pradesh government plans to introduce a programme within 90 days to implement such restrictions.
• Authorities are also considering regulated or monitored access for teenagers aged 13 to 16 instead of a complete ban.
• At the national level, Union Minister for Electronics and Information Technology Ashwini Vaishnaw stated that several countries are examining age-based restrictions on social media usage.
• India’s Digital Personal Data Protection Act, 2023 includes provisions related to children’s data protection and parental consent for digital services.
• The Central Government is also exploring stronger age-based access regulations for social media platforms across the country.
• Globally, several governments are introducing or discussing age restrictions on social media platforms to protect young users.
• Australia recently banned social media access for children under 16 years due to concerns related to mental health and online safety.
• France and several other European countries are also considering age-based regulations for social media usage among children to ensure a safer digital environment.

About Karnataka:

• Capital: Bengaluru
• Chief Minister: Siddaramaiah
• Governor: Thaawarchand Gehlot
• National Parks: Bandipur National Park, Nagarhole National Park, Kudremukh National Park, Anshi (Kali) National Park, Bannerghatta National Park
• Wildlife Sanctuaries: Dandeli Wildlife Sanctuary, Bhadra Wildlife Sanctuary, Ranganathittu Bird Sanctuary, Brahmagiri Wildlife Sanctuary, Pushpagiri Wildlife Sanctuary, Cauvery Wildlife Sanctuary

RECENT NEWS

• The Karnataka government has announced the rollout of an automatic property mutation system, a major reform aimed at speeding up land and property transactions across the state. The initiative is part of Karnataka’s broader push towards digitisation of land records and revenue administration. 

Government e‑Marketplace Celebrates Seven Years of SWAYATT Initiative to Promote Inclusive Public Procurement

• The SWAYATT Initiative on the Government e‑Marketplace (GeM) completed seven years, marking a major milestone in promoting inclusive public procurement in India.
• The SWAYATT Initiative (Startups, Women and Youth Advantage Through e-Transactions) was launched on 19 February 2019 to support startups, women entrepreneurs, youth, Self Help Groups (SHGs), and micro and small enterprises by enabling their participation in government procurement markets.
• The initiative aims to democratize public procurement, improve market access, and create greater business opportunities for emerging enterprises.
• The seven-year celebration brought together policymakers, entrepreneurs and ecosystem partners to highlight how digital procurement technology is transforming the public procurement system in India.
• Entrepreneurs shared experiences on how the SWAYATT Initiative helped them connect with government buyers and expand their businesses through the GeM platform.
• The initiative focuses on addressing three key challenges faced by emerging businesses: limited market access, limited financial opportunities, and lack of value addition in procurement systems.
• By using the GeM digital procurement platform, enterprises can directly participate in government procurement with greater transparency and reduced entry barriers.
• Women-led enterprises have recorded strong growth under the SWAYATT Initiative.
• The cumulative order value for women entrepreneurs on GeM increased from ₹1,265.62 crore in FY2018-19 to ₹83,323 crore in FY2025-26.
• During the same period, the order volume increased from 1,01,530 orders to 44,48,894 orders, reflecting the growing participation of women-led enterprises in public procurement.
• Startups have also significantly benefited from the initiative by gaining direct access to government procurement opportunities.
• The cumulative order value for startups increased from ₹497.24 crore in FY2018-19 to ₹54,005.8 crore in FY2025-26.

About GeM

• The Government e-Marketplace (GeM) is India’s online procurement portal for government departments, designed to simplify the purchase of goods and services while promoting transparency, efficiency and digital governance.

Karnataka Budget 2026–27 Presented with ₹4.48 Trillion Outlay

• The Karnataka Budget 2026–27 was presented by Siddaramaiah, Chief Minister of Karnataka, with a total outlay of ₹4.48 trillion for Financial Year 2026–27 (FY27).
• The budget introduced several major policy initiatives including a proposal to ban social media usage for children below 16 years, increased spending on education infrastructure, expansion of women welfare programmes, a ₹2,000 crore electric bus programme, and new technology and infrastructure projects.
• The total budget size of ₹4.48 trillion represents a 13.3% increase compared with the Financial Year 2025–26 revised estimates.
• The fiscal deficit is projected at ₹97,449 crore, which is 2.95% of the Gross State Domestic Product (GSDP).
• Revenue receipts are estimated at ₹3.15 trillion, while revenue expenditure is projected at ₹3.38 trillion.
• The total liabilities of the state are estimated at ₹8.24 trillion, reflecting increased investments in development projects.
• The budget proposed a ban on social media usage for children under the age of 16 years to reduce the harmful effects of excessive mobile usage, digital addiction and exposure to harmful online content.
• If implemented, Karnataka could become the first Indian state to introduce such an age-based social media restriction.
• The government announced plans to fill 15,000 vacant teaching posts in schools and colleges across the state.
• An allocation of ₹565 crore has been made for classroom construction and repair works in government educational institutions.
• Additional education allocations include ₹75 crore for school toilet construction, ₹25 crore for school furniture procurement, and ₹125 crore for institutional maintenance.
• The government also plans to upgrade 800 institutions into Karnataka Public Schools over the next three years with an investment of ₹3,900 crore.
• The budget allocated ₹94,663 crore for women-focused programmes and ₹63,135 crore for child welfare initiatives.
• Under the Gruhalakshmi Scheme, eligible women receive ₹2,000 per month as financial assistance.
• The Shakti Free Bus Travel Scheme for women has been allocated ₹5,300 crore for FY27.
• The government announced procurement of 1,000 additional diesel buses to strengthen public transport services.
• A ₹2,000 crore Karnataka Electric Bus Programme will introduce 4,000 electric buses and develop 94 bus depots with support from the World Bank.
• The government proposed the construction of an Intermediate Ring Road (IRR) in Bengaluru to reduce traffic congestion.
• A ₹354 crore Police Modernization Scheme will introduce drones, anti-drone systems and CCTV networks.
• The state announced the establishment of the Bangalore Robotics and AI Innovation Zone (BRAINz) in collaboration with Indian Institute of Science and Indian Space Research Organisation.
• The government will implement the Rohith Vemula Act in higher educational institutions to prevent discrimination.
• A new Science City will be developed in Bengaluru with an investment of ₹233 crore.
• The state also announced a ₹1,500 crore wildlife conflict mitigation programme for the next five years to reduce human-wildlife conflicts and strengthen conservation efforts.

CURRENT AFFAIRS : INTERNATIONAL NEWS

World Health Organization Confirms Chile as First Country in the Americas to Eliminate Leprosy

• The World Health Organization (WHO), in collaboration with the Pan American Health Organization (PAHO), verified that Chile has eliminated leprosy as a public health problem.
• This makes Chile the 1st country in the Americas and the 2nd country globally (after Jordan) to achieve this public health milestone.
• Chile becomes the 61st country globally and the 6th country in the Americas to eliminate at least one Neglected Tropical Disease (NTD) under global disease control efforts.
• This achievement supports PAHO’s Disease Elimination Initiative, which targets the elimination of over 30 communicable diseases by 2030.
• According to WHO criteria, leprosy elimination is defined as a prevalence rate below 1 case per 10,000 population.
• Under the WHO Global Leprosy Strategy 2021–2030, transmission elimination requires zero locally acquired cases for 3 consecutive years and no cases among children for 5 years.
• The milestone reflects global progress in public health disease control, early diagnosis, and infectious disease prevention programmes.

About Chile :

• President : Gabriel Boric
• Capital : Santiago
• Currency : Chilean peso

Mobile World Congress 2026 Concludes in Barcelona, Showcasing Global Telecom and Tech Innovations

• The Mobile World Congress (MWC) 2026, the world’s largest mobile and technology event, was held from March 2–5, 2026 at Fira Barcelona Gran Via, Barcelona, Spain.
• MWC 2026 brought together global telecom leaders, technology companies, and policymakers.
• The theme of MWC 2026 was “The IQ Era”, highlighting the integration of Artificial Intelligence (AI) with advanced connectivity to enable smarter networks, digital innovation, and societal transformation.
• The event was organised by the Global System for Mobile Communications Association (GSMA).
• India’s participation at MWC 2026 was led by Union Minister Jyotiraditya Madhavrao Scindia, Ministry of Communications, representing India at the GSMA Ministerial Programme and MWC Main Stage
• Indian telecom innovators participated under the coordination of the Telecom Equipment and Services Export Promotion Council (TEPC) with support from the Department of Telecommunications (DoT), Government of India (GoI).
• Union Minister Jyotiraditya M. Scindia launched the TJ1600-D3 Hyper-scalable Data Center Interconnect (DCI) Platform by Bengaluru-based Tejas Networks Limited at MWC 2026.

About Spain :

• Prime Minister : Pedro Sánchez
• Capital : Madrid
• Currency : Euro

CURRENT AFFAIRS: AWARDS AND HONOURS

Mattel Launches Barbie Dream Team 2026 to Celebrate International Women’s Day

• Mattel launched the Barbie Dream Team 2026 to celebrate International Women's Day, observed annually on 8 March.
• The initiative is a month-long global campaign that recognizes influential women who have created history in their respective fields.
• As part of the campaign, Mattel created one-of-a-kind Barbie dolls in the likeness of selected global female role models to honour their achievements.
• The Barbie Dream Team 2026 highlights women who have broken barriers and inspired young people to pursue ambitious dreams.
• Global Female Achievers Featured in Barbie Dream Team 2026

• Smriti Mandhana became the first Indian cricketer to receive a Barbie tribute as part of the Dream Team initiative.
• She was also part of the Indian Women’s Cricket Team that won the ICC Women's Cricket World Cup 2025.
• Smriti Mandhana also captained Royal Challengers Bangalore Women to victory in the Women's Premier League in 2024.
• Her inclusion alongside global icons like Serena Williams and Chloe Kelly reflects the growing global recognition of women athletes.
• International Women’s Day, observed annually on 8 March, highlights women’s achievements and contributions across various sectors worldwide.
• The day also promotes discussions on gender equality, women’s rights, equal opportunities, leadership representation and empowerment of young girls.
• Through the Barbie Dream Team 2026, Mattel aims to inspire future generations by showcasing stories of women who have broken barriers and achieved excellence in their fields.

CURRENT AFFAIRS : APPOINTMENTS & RESIGNATIONS

Rapper-Turned-Politician Balendra Shah Set to Become Nepal’s Next Prime Minister

• Balendra Shah, popularly known as Balen Shah, is set to become the Prime Minister of Nepal after his party’s landslide electoral victory.
• His party, Rastriya Swatantra Party (RSP), secured a major election victory in the first general election after the 2025 Gen Z youth protests.
• The RSP is expected to defeat former Prime Minister P. Sharma Oli, leader of the Communist Party of Nepal (Unified Marxist–Leninist).
• Early counting trends showed RSP leading in 100+ constituencies, surpassing the Nepali Congress in seat count.
• At 35 years of age, Balen Shah represents a new generation of political leadership emerging from youth-led political movements.
• Before entering politics, he gained popularity in 2013 as a rap artist, releasing songs criticising corruption and political elite systems.
• The RSP was formed in 2022 and has rapidly emerged as a strong youth-backed political movement in Nepal’s political landscape.
• Balen Shah defeated K. P. Sharma Oli in Jhapa-5 constituency by about 50,000 votes, securing 68,348 votes against Oli’s 18,734 votes.
• The election result reflects changing youth political preferences and the rise of non-traditional political leadership in Nepal.

About Nepal :

• Capital : Kathmandu
• Currency : Nepalese Rupee (NPR).

President of India Names Justice Sushrut Arvind Dharmadhikari as Chief Justice of Madras High Court

• Droupadi Murmu, the President of India, appointed Sushrut Arvind Dharmadhikari as the Chief Justice (CJ) of the Madras High Court under Article 217(1) of the Constitution of India.
• He succeeded Manindra Mohan Shrivastava, who retired on 5 March 2026 after attaining the age of superannuation.
• The oath of office was administered by R. N. Ravi, Governor of Tamil Nadu, at Lok Bhavan, Chennai, where he also handed over the warrant of appointment issued by the President.
• Justice S.A. Dharmadhikari became the 55th Chief Justice of the Madras High Court, one of India’s chartered High Courts established in August 1862.
• He enrolled as an advocate in 1992 and served as Standing Counsel for the Union of India, Income Tax Department, and Reserve Bank of India (RBI) between 2000 and 2015.
• Prior to this appointment, he served as a Judge of the Kerala High Court and earlier as a Permanent Judge of the Madhya Pradesh High Court.
• He began his legal career under the guidance of his uncle Y. S. Dharmadhikari, former Advocate General of Madhya Pradesh.
• Justice Dharmadhikari also served as counsel for the Welfare Commissioner for victims of the Bhopal Gas Tragedy, contributing to relief and rehabilitation efforts.
• Under Article 217(1) of the Constitution, High Court judges are appointed by the President of India after consultation with the Chief Justice of India (CJI) and the Governor of the concerned State.

CURRENT AFFAIRS : DEFENCE NEWS

INS Tarangini Reaches Colombo After Conducting Sea Training for Sri Lanka Navy Seariders

• The Indian Navy’s sail training ship INS Tarangini arrived at Colombo, Sri Lanka after completing a sail training deployment for Sri Lanka Navy trainees.
• Three officers and 26 trainees from the Sri Lanka Naval and Maritime Academy embarked on INS Tarangini at Trincomalee for the sail training programme.
• During the sea sortie, trainees received intensive training in sail setting, navigation, and watchkeeping under sails, gaining practical experience in ship handling and manoeuvring.
• The deployment enabled trainees to operate and manage the vessel under guidance of the ship’s crew, enhancing their seamanship skills and operational knowledge.
• The training mission strengthened mutual learning and interoperability between the Indian Navy and Sri Lanka Navy, promoting maritime cooperation and defence collaboration.
• Upon arrival at Colombo, INS Tarangini was received by representatives of the Sri Lanka Navy and officials from the High Commission of India in Sri Lanka.
• The Commanding Officer of INS Tarangini met Jagath Kumara, Commander Western Naval Area, to discuss enhancing naval cooperation and sharing best practices.
• During the three-day port call, the ship will conduct bilateral training activities, professional exchanges, friendly sports fixtures, joint yoga sessions, and outreach programmes with the Sri Lanka Navy.
• Earlier, Dinesh Bandara, Commandant of the Sri Lanka Naval and Maritime Academy, visited INS Tarangini at Trincomalee and interacted with the crew and trainees.
• The training deployment further strengthens the India–Sri Lanka maritime partnership and enhances defence training collaboration between the two navies.

Indian Army Central Command Hosts First Strategic Communication Conclave in Lucknow

• The Indian Army’s Central Command conducted its first-ever Strategic Communication Conclave in Lucknow, Uttar Pradesh.
• The conclave witnessed participation of around 500 attendees, including senior military officers, diplomats, government communication experts, and media professionals.
• The event focused on strategic communication within India’s national security architecture, highlighting the importance of information and perception management in modern warfare.
• The conclave discussed weaponisation of narratives and the threat posed by conflicts below the threshold of war, such as information warfare and psychological operations.
• A policy-level session was organised on the theme “Institutionalising Strategic Communication as a Capability for Future Preparedness in the Emerging Information Space.”
• Key speakers included Ruchira Kamboj, India’s first female Permanent Representative to the United Nations, along with Yashvardhan Sinha and Raj Shukla.
• An interactive session on “Strategic Communication in Emerging Multi-Domain Operations” addressed strategies, structures, processes, and preparedness for future conflicts.
• Experts including Dilip Sinha, Shantanu Mukharji, Veena Jain, and DP Pandey shared insights on policy and operational aspects of strategic communication.
• Panel discussions with media professionals focused on themes such as “Perception Management in the Strategic Domain” and “Information Power and Strategic Communication.”
• The conclave aimed to develop institutional frameworks, doctrines, and actionable strategies for strategic communication in India’s evolving security environment.

CURRENT AFFAIRS : SCIENCE & TECHNOLOGY

Bharat Electronics Limited Partners with Bellatrix Aerospace to Build Very Low Earth Orbit Satellite Platforms

• 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.
• The MoU focuses on design, development, and manufacturing of satellite platforms for Very Low Earth Orbit (VLEO)
• The agreement was exchanged between Rashmi Kathuria, General Manager of BEL, and Rohan M. Ganapathy, CEO & CTO of Bellatrix Aerospace.
• Under the partnership, both organisations will develop integrated satellite solutions capable of supporting strategic defence missions and civilian space applications.
• The collaboration highlights India’s strategy of combining public sector manufacturing capabilities with deep-tech startup innovation in the space sector.
• Very Low Earth Orbit (VLEO) refers to orbital altitudes between 150 km and 450 km above Earth, where satellites can provide higher-resolution imaging, faster communications, and improved atmospheric observations.
• VLEO satellites also enable lower communication latency and reduced launch costs, but require advanced propulsion systems to counter atmospheric drag.
• The partnership aims to strengthen India’s satellite manufacturing and space technology capabilities for future defence and commercial missions.

International Business Machines Corporation Opens Sangam Artificial Intelligence & Infrastructure Innovation Centre in Bengaluru

• International Business Machines Corporation (IBM) launched its first Sangam Infrastructure Innovation Center at the India Systems Development Lab (ISDL) campus in Bengaluru, Karnataka.
• The centre aims to strengthen India’s position as a global hub for advanced infrastructure engineering and Artificial Intelligence (AI) development.
• The Sangam Infrastructure Innovation Center focuses on accelerating the development and deployment of enterprise-grade AI systems by integrating infrastructure technologies, hybrid cloud computing, and AI solutions on a single platform.
• The centre functions as a collaborative engineering hub, bringing together IBM system architects, ISDL infrastructure specialists, and partners including Clients, Independent Software Vendors (ISVs), Global System Integrators (GSIs), Global Capability Centers (GCCs), and ecosystem partners.
• The facility supports the creation of secure, scalable, and responsible enterprise AI solutions through hybrid cloud infrastructure integration.
• The initiative aims to accelerate AI innovation, digital transformation, and next-generation computing technologies for global enterprise applications.

About IBM:

• International Business Machines Corporation (IBM) is headquartered in Armonk, New York, United States and operates in over 175 countries providing AI, hybrid cloud, and consulting services.

United States Successfully Tests Minuteman III Intercontinental Ballistic Missile from California Base

• The United States Air Force Global Strike Command conducted a successful test launch of the LGM-30G Minuteman III intercontinental ballistic missile (ICBM) from Vandenberg Space Force Base, California.
• The test launch was designated GT-255 (or Glory Trip 255) and was part of a long-term reliability testing programme, with more than 300 similar tests conducted over decades to ensure the strategic weapon system's effectiveness.
• The unarmed missile was equipped with two test reentry vehicles, which travelled approximately 4,200 miles before striking a target zone near Kwajalein Atoll in the Marshall Islands.
• The Minuteman III is a key component of the United States nuclear triad, which consists of land-based missiles, submarine-launched missiles, and strategic bombers.
• The missile is operated by the Air Force Global Strike Command, headquartered at Barksdale Air Force Base, and was first deployed in 1970, making it one of the longest-serving strategic systems in active service.
• Capabilities of Minuteman III:
• Travel speed exceeds 15,000 miles per hour (reaching approximately Mach 23 during terminal phase).
• Operational range is approximately 6,000 miles (over 9,600 km).
• Can carry nuclear warheads with destructive capacity significantly greater than the atomic bombs used in World War II.
• About 400 Minuteman III missiles remain on alert status, deployed across hardened silos in Montana, North Dakota, and Wyoming as part of the U.S. land-based nuclear deterrence strategy.
• ICBM Definition: An Intercontinental Ballistic Missile is a long-range guided missile with a minimum range of 5,500 km (approx. 3,400 miles) designed primarily for nuclear weapons delivery.
• While the test occurred amid geopolitical tensions involving the United States and Iran, officials confirmed it was a routine operational readiness test scheduled years in advance.
• Data from such tests supports the modernisation of nuclear deterrence systems, including the development of the LGM-35A Sentinel, which is slated to replace the Minuteman III.
• The exercise demonstrates the importance of maintaining nuclear deterrence, military readiness, and strategic stability in the global security architecture.

CURRENT AFFAIRS : APPS & PORTALS

Ministry of Culture Unveils Indian Culture Portal Version 2.0 in New Delhi

• The Ministry of Culture (India) Secretary Vivek Aggarwal launched Version 2.0 of the Indian Culture Portal (ICP) at Kartavya Bhawan, New Delhi.
• The Indian Culture Portal (ICP) Version 2.0 is a national digital platform providing easy access to India’s cultural heritage, history, literature, arts, and traditions for scholars, researchers, and citizens.
• The portal was originally launched in December 2019 to democratize cultural knowledge access and promote digital preservation of Indian heritage.
• The upgraded portal uses modern digital architecture with a React-based frontend and Drupal backend, improving speed, scalability, and performance.
• The portal features an AI-powered chatbot named “Bharti”, integrated with the Bhashini Platform to support responses in 22 Indian languages.
• The portal operates as a Progressive Web App (PWA) enabling multi-device seamless access including mobile, tablet, and desktop platforms.
• It provides immersive digital experiences such as 3D walkthroughs, 360-degree virtual heritage tours, and curated cultural content across 46 cultural categories.
• Cultural categories include Iconic Battles of India, Folk Tales of India, and Classical Dance Traditions of India, supporting digital cultural education and heritage promotion.
• The initiative supports India’s digital cultural preservation strategy and promotes global accessibility of Indian heritage resources.

CURRENT AFFAIRS: RANKING AND REPORTS

Hurun Rich List 2026: India Ranks Third Globally with 308 Billionaires

• The Hurun Rich List 2026 reported that India has 308 billionaires, placing the country third globally after the United States and China in terms of billionaire population.
• The list highlights the rapid growth of wealth creation and entrepreneurship in India.
• India added 57 new billionaires during the past year, while 27 individuals dropped out of the list, resulting in a net increase of 24 billionaires compared to the previous year.
• The total wealth of Indian billionaires increased by 10% year-on-year to ₹112.6 trillion.
• 199 billionaires recorded an increase in wealth, while 109 billionaires witnessed stagnant or declining wealth.
• Women account for about 7% of India’s billionaires.
• Top 3 Richest Persons in India (Hurun Rich List 2026)

• Mukesh Ambani retained his position as the richest person in India and Asia, with his wealth increasing by 9% compared to the previous year.
• Gautam Adani remained the second richest person in India, despite a 14% decline in wealth.
• Roshni Nadar Malhotra remained the only woman among India’s top 10 richest individuals.
• 23 Indian women billionaires collectively hold wealth worth ₹9.8 trillion, reflecting the growing presence of women entrepreneurs and corporate leaders in India.
• The healthcare sector produced the highest number of new billionaires, highlighting strong growth in pharmaceuticals, biotechnology and healthcare services.
• Sector-wise new billionaire creation:
  – Healthcare: 53 new billionaires
  – Industrial products: 36 new billionaires
  – Consumer goods: 31 new billionaires
• Cyrus S. Poonawalla, Founder and Chairman of the Serum Institute of India, recorded the largest absolute wealth gain, with his wealth increasing by ₹0.91 trillion during the year.
• Mumbai remains India’s largest billionaire hub, with 95 billionaires residing in the city, including 15 new billionaires added this year.
• However, Mumbai lost its position as Asia’s billionaire capital to Shenzhen (China), which now hosts 133 billionaires.
• Cities with the Highest Number of Billionaires Globally

• The average age of Indian billionaires is 67 years, compared to the global average of 65 years.
• Ritesh Agarwal, Founder of Oyo, is the youngest billionaire in India at the age of 32, with a net worth of ₹14,440 crore.

CURRENT AFFAIRS: SPORTS NEWS

Logo of Cycling League of India Unveiled; World’s First Professional Franchise-Based Road Cycling League

• Union Minister for Youth Affairs and Sports Mansukh Mandaviya unveiled the official logo of the Cycling League of India.
• The league is designed as the world’s first professional franchise-based road cycling league aimed at promoting competitive cycling in India and strengthening the professional cycling ecosystem.
• The initiative seeks to develop cycling talent, attract international participation and enhance India’s presence in global cycling competitions.
• According to Mansukh Mandaviya, the league represents a “watershed moment for Indian cycling.”
• Structure of the Cycling League of India
  • The league will feature eight city or region-based franchises.
    – Each team will consist of 10 cyclists.
    – Team composition will include 2 international cyclists, 2 junior cyclists and remaining professional riders from India.
    – The structure aims to ensure global competition while nurturing young Indian cycling talent.
• Competition Format of the League
  • The league will include Criterium races (short circuit road races).
    – Team time trials will also be conducted.
    – Mass start races will be another major format.
    – The competition will be conducted in three stages culminating in a grand finale.
• The league aims to create exciting and spectator-friendly races while promoting professional road cycling in India.
• The initiative builds on the growing popularity of cycling events in India, including the Pune Grand Tour.
• The Pune Grand Tour recorded around 2.5 million spectators and generated ₹144 million in public relations value.
• The event also received recognition from the Union Cycliste Internationale, the global governing body for cycling.
• The league also complements the Fit India Movement, which promotes fitness and active lifestyles across the country.
• A major campaign under the movement is Fit India Sundays on Cycle, launched in December 2024.
• The initiative has also received encouragement from Narendra Modi, helping it evolve into a nationwide fitness campaign promoting cycling culture in India.

Chhattisgarh to Host First Edition of Khelo India Tribal Games 2026

• Union Minister for Youth Affairs and Sports Mansukh Mandaviya announced that the Khelo India Tribal Games 2026 will be hosted by Chhattisgarh.
• The first edition of the Khelo India Tribal Games will be held from 26 March to 6 April 2026.
• The games will be conducted across three cities in Chhattisgarh — Raipur, Jagdalpur, and Sarguja.
• The event aims to promote sports participation among tribal communities and strengthen grassroots sports infrastructure in India.
• Athletes from tribal communities across the country are expected to participate in the event.
• The Khelo India Tribal Games 2026 will feature seven medal sports disciplines to encourage wide participation.
• List of Medal Sports in Khelo India Tribal Games 2026
  • Athletics
    – Football
    – Hockey
    – Weightlifting
    – Archery
    – Swimming
    – Wrestling
• According to Mansukh Mandaviya, the Khelo India Tribal Games will play a significant role in identifying and nurturing sporting talent from tribal regions.
• The initiative aims to identify talented tribal athletes at an early stage and provide structured training and support.
• Selected athletes will be integrated into the national sports ecosystem, helping India build a strong sporting culture and future international-level athletes.
• The Khelo India Scheme is a flagship sports development programme of the Government of India aimed at promoting mass participation in sports and achieving sporting excellence.
• The programme focuses on talent identification, sports infrastructure development and organization of national-level competitions.
• Major events under the Khelo India initiative include the Khelo India Youth Games, Khelo India University Games, and the newly introduced Khelo India Tribal Games.

Jasprit Bumrah Completes 500 Wickets in International Cricket during ICC Men’s T20 World Cup 2026

• Indian fast bowler Jasprit Bumrah completed 500 wickets in international cricket during the ICC Men's T20 World Cup 2026 semifinal against England national cricket team.
• The milestone was achieved at Wankhede Stadium, when Jasprit Bumrah dismissed Harry Brook, captain of England, on the first ball of his spell.
• The wicket came in the fifth over of England’s innings, helping Bumrah reach the landmark of 500 international wickets.
• Achieving 500 wickets within a decade of his international debut highlights his remarkable consistency and impact across formats.
• Jasprit Bumrah made his international debut on 23 January 2016 in a One Day International (ODI) against Australia national cricket team at Sydney Cricket Ground.
• Since his debut, he has become one of the most important bowlers in India’s pace attack across all formats.
• Jasprit Bumrah’s International Career Wickets
  • Test Cricket: 234 wickets in 52 matches
    – One Day Internationals (ODIs): 149 wickets in 89 matches
    – Twenty20 Internationals (T20Is): 117 wickets in 94 matches
    – Total: 500 international wickets
• With this achievement, Jasprit Bumrah joined the list of India’s leading wicket-takers in international cricket.
• India’s Leading Wicket-Takers in International Cricket

• The 500-wicket milestone places Jasprit Bumrah among the most successful bowlers in the history of Indian cricket.

CURRENT AFFAIRS: IMPORTANT DAYS

International Women’s Day 2026 Observed on 8 March

• International Women's Day is observed globally on 8 March every year to recognize the historical, cultural, social and political achievements of women.
• International Women’s Day 2026 was celebrated worldwide on 8 March 2026 with the theme “Rights. Justice. Action For ALL Women and Girls.”
• The day is an official holiday in several countries and is marked through events, campaigns and discussions promoting gender equality and women’s empowerment.
• In 1869, Susan B. Anthony and Elizabeth Cady Stanton founded the National Woman Suffrage Association in the United States to advocate for women’s voting rights and gender equality.
• In 1910, Clara Zetkin proposed the idea of an international day dedicated to women at the International Socialist Women's Conference 1910.
• The first International Women’s Day was celebrated in 1911 in several countries to promote women’s rights and equality.
• In 1965, the women’s liberation movement gained momentum, advocating reforms related to politics, employment, family rights and gender equality.
• During the 2000s, the growth of the internet and digital communication helped unify global feminist movements, strengthening campaigns for women’s rights and social equality worldwide.

Daily CA One- Liner: March 8 & 9

• The Government of India directed the Broadcast Audience Research Council to suspend Television Rating Points (TRP) reporting for TV news channels for four weeks
• The Punjab Budget 2026–27 was presented by Finance Minister Harpal Singh Cheema in Punjab with a total outlay of ₹2,60,437 crore
• The Government of Karnataka proposed a ban on social media usage for children below 16 years in the Karnataka Budget 2026–27
• The SWAYATT Initiative on the Government e‑Marketplace (GeM) completed seven years, marking a major milestone in promoting inclusive public procurement in India
• The Karnataka Budget 2026–27 was presented by Siddaramaiah, Chief Minister of Karnataka, with a total outlay of ₹4.48 trillion for Financial Year 2026–27 (FY27).
• Mattel launched the Barbie Dream Team 2026 to celebrate International Women's Day, observed annually on 8 March
• The Hurun Rich List 2026 reported that India has 308 billionaires, placing the country third globally after the United States and China in terms of billionaire population
• Union Minister for Youth Affairs and Sports Mansukh Mandaviya unveiled the official logo of the Cycling League of India
• Union Minister for Youth Affairs and Sports Mansukh Mandaviya announced that the Khelo India Tribal Games 2026 will be hosted by Chhattisgarh
• Indian fast bowler Jasprit Bumrah completed 500 wickets in international cricket during the ICC Men's T20 World Cup 2026 semifinal against England national cricket team.
• The Reserve Bank of India (RBI) issued the RBI (Commercial Banks – Responsible Business Conduct) Third Amendment Directions, 2026 to strengthen customer protection in electronic banking transactions effective from 1 July 2026 under the Banking Regulation Act, 1949.
• Yes Bank launched a specialised salary account named “YES Essence Women’s Salary Account” aimed at supporting the financial and lifestyle needs of working women ahead of International Women’s Day (March 8).
• SBI General Insurance Company Limited, a leading general insurance provider in India, launched an integrated brand campaign titled “Chuniye Bharosa, Apno Sa”, focusing on health insurance and family financial protection.
• The World Health Organization (WHO), in collaboration with the Pan American Health Organization (PAHO), verified that Chile has eliminated leprosy as a public health problem.
• The Mobile World Congress (MWC) 2026, the world’s largest mobile and technology event, was held from March 2–5, 2026 at Fira Barcelona Gran Via, Barcelona, Spain.
• Balendra Shah, popularly known as Balen Shah, is set to become the Prime Minister of Nepal after his party’s landslide electoral victory.
• Droupadi Murmu, the President of India, appointed Sushrut Arvind Dharmadhikari as the Chief Justice (CJ) of the Madras High Court under Article 217(1) of the Constitution of India.
• The Indian Navy’s sail training ship INS Tarangini arrived at Colombo, Sri Lanka after completing a sail training deployment for Sri Lanka Navy trainees.
• The Indian Army’s Central Command conducted its first-ever Strategic Communication Conclave in Lucknow, Uttar Pradesh.
• 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.
• International Business Machines Corporation (IBM) launched its first Sangam Infrastructure Innovation Center at the India Systems Development Lab (ISDL) campus in Bengaluru, Karnataka.
• The United States Air Force Global Strike Command conducted a successful test launch of the LGM-30G Minuteman III intercontinental ballistic missile (ICBM) from Vandenberg Space Force Base, California.
• The Ministry of Culture (India) Secretary Vivek Aggarwal launched Version 2.0 of the Indian Culture Portal (ICP) at Kartavya Bhawan, New Delhi.
• International Women's Day is observed globally on 8 March every year to recognize the historical, cultural, social and political achievements of women.