Daily Current Affairs March 07 & 08

Dear Champions, as you all know that a lot of competitive exams have been notified consequently. Candidates have to prepare themselves according to the level of competition and expectation of the Recruitment board. Regarding that one of the most important topic is Daily Current Affairs March 07 & 08 . Current Affairs in the form of contemporary events of national & international play a crucial role in almost every competitive exams like Banking, Insurance, SSC, UPSC, TNPSC, Railway etc.

Current affairs are the most dynamic yet scoring among all sections and need to be prepared from the right source. Here, we cafunsta team, providing Daily GK Updates, Current Affairs Questions, and Monthly current affairs pdf.

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March 07 & 08 | Daily Current Affairs 2025

Important Days – Daily Current Affairs March 02

1. International Women’s Day is celebrated every year on which date?
A) March 5
B) March 7
C) March 8
D) March 10
E) March 12
Answer: C) March 8

Event and Location:

  • Event: Celebration of International Women’s Day 2026 recognizing women’s achievements and promoting gender equality worldwide.
  • Location: Global
  • Date: 8 March 2026

Mandates and Objectives:

  • Mandates:
    • International Women’s Day (IWD) is observed annually on 8 March to recognize the social, economic, cultural, and political achievements of women. Governments, organizations, and communities organize events, campaigns, and discussions to promote women’s empowerment and address gender equality issues.
  • Objectives:
    • The observance aims to raise awareness about women’s rights, promote equal opportunities in education and employment, strengthen legal and social protections for women, and encourage collective action to remove barriers that limit women’s participation in social, economic, and political spheres.

Important Terms Explained:

  • International Women’s Day (IWD):
    • International Women’s Day is a global observance celebrated annually on 8 March to highlight women’s achievements and advocate gender equality across social, political, and economic sectors.
  • Theme “Give To Gain”:
    • The International Women’s Day 2026 theme “Give To Gain” emphasizes cooperation, mentorship, and support for women’s advancement through sharing knowledge, resources, and opportunities.
  • UN Theme – “Rights. Justice. Action. For ALL Women and Girls”:
    • The United Nations theme focuses on ensuring equal legal rights, justice, and active measures to eliminate barriers faced by women and girls globally.

Tabular Summary:

Parameter Details
Event name International Women’s Day 2026
Announcement date Observed annually on 8 March
Location Worldwide
Issuing authority United Nations and global organizations
Policy/series name International Women’s Day
Key figures Global women leaders, activists and organizations
Purpose/reason Promote gender equality and recognize women’s achievements
Feature details Campaigns, awareness programmes, empowerment initiatives and celebrations
Validity or status Annual global observance
Strategic/significant value Encourages equal rights, justice and empowerment for women and girls

Sports – Daily Current Affairs March 02

2. Which team did India defeat to win the ICC Men’s T20 World Cup 2026 title?
A) Australia
B) England
C) Pakistan
D) New Zealand
E) South Africa
Answer: D) New Zealand

Event and Location:

  • Event: India won the ICC Men’s T20 World Cup 2026 after defeating New Zealand in the final.
  • Location: Narendra Modi Stadium, Ahmedabad, India
  • Date: March 2026

Mandates and Objectives:

  • Mandates:
    • The India national cricket team defeated New Zealand by 96 runs in the final of the ICC Men’s T20 World Cup 2026.
    • India scored 255/5 in 20 overs, one of the highest totals in a T20 World Cup final, while New Zealand were bowled out for 159 in 19 overs.
  • Objectives:
    • The tournament aims to determine the world champion in the Twenty20 format of international cricket and promote global competition under the governance of the International Cricket Council (ICC).

Important Terms Explained:

  • ICC Men’s T20 World Cup:
    • The ICC Men’s T20 World Cup is an international cricket championship organized by the International Cricket Council (ICC) where national teams compete in the Twenty20 format.
  • Powerplay:
    • In T20 cricket, the powerplay refers to the first six overs of an innings where fielding restrictions apply, allowing only two fielders outside the 30-yard circle.
  • Twenty20 (T20) Format:
    • The T20 format is a short format of cricket in which each team plays a maximum of 20 overs, making the game faster and more aggressive.

Tabular Summary:

Parameter Details
Event name ICC Men’s T20 World Cup 2026 Final
Announcement date March 2026
Location Narendra Modi Stadium, Ahmedabad
Issuing authority International Cricket Council (ICC)
Policy/series name ICC Men’s T20 World Cup
Key figures Sanju Samson, Jasprit Bumrah
Purpose/reason Determine the world champion in T20 international cricket
Feature details India scored 255/5 and bowled out New Zealand for 159
Validity or status Final match concluded
Strategic/significant value India secured back-to-back ICC Men’s T20 World Cup titles

3. Which Chinese badminton player did Lakshya Sen defeat to reach the semi-finals of the All England Open 2026?
A) Shi Yuqi
B) Chen Long
C) Li Shi Feng
D) Lin Dan
E) Zhao Junpeng
Answer: C) Li Shi Feng

Event and Location:

  • Event: Indian badminton player Lakshya Sen reached the semi-finals of the All England Open Badminton Championships 2026 after defeating China’s Li Shi Feng.
  • Location: Birmingham, England
  • Date: March 2026

Mandates and Objectives:

  • Mandates:
    • Indian badminton player Lakshya Sen defeated world No. 6 Li Shi Feng of China in the quarter-finals of the All England Open 2026 with a straight-games victory of 21–13, 21–16 at the Utilita Arena in Birmingham, securing a place in the tournament’s semi-finals.
  • Objectives:
    • The performance aims to strengthen India’s presence in elite international badminton competitions and highlights Lakshya Sen’s consistent performance in BWF Super 1000 tournaments, which are among the most prestigious events in the global badminton circuit.

Important Terms Explained:

  • All England Open Badminton Championships:
    • The All England Open Badminton Championships is one of the oldest and most prestigious badminton tournaments in the world, first held in 1899 and conducted annually in Birmingham, England.
  • Badminton World Federation (BWF):
    • The Badminton World Federation (BWF) is the international governing body for the sport of badminton. It organizes global tournaments and maintains the official world rankings for players.
  • BWF Super 1000 Tournament:
    • The BWF Super 1000 category represents the highest tier of tournaments in the BWF World Tour, featuring the world’s top-ranked badminton players and offering maximum ranking points and prize money.

Tabular Summary:

Parameter Details
Event name Lakshya Sen reaches semi-finals of All England Open 2026
Announcement date March 2026
Location Birmingham, England
Issuing authority Badminton World Federation (BWF)
Policy/series name All England Open Badminton Championships
Key figures Lakshya Sen, Li Shi Feng
Purpose/reason International badminton championship featuring top global players
Feature details Lakshya Sen defeated Li Shi Feng 21–13, 21–16 in the quarter-finals
Validity or status Ongoing BWF Super 1000 tournament
Strategic/significant value Highlights India’s strong presence in elite international badminton tournaments

4. The first edition of the Khelo India Tribal Games (KITG) 2026 will be hosted by which Indian state?
A) Odisha
B) Jharkhand
C) Chhattisgarh
D) Madhya Pradesh
E) Telangana
Answer: C) Chhattisgarh

Event and Location:

  • Event: Announcement of the first edition of Khelo India Tribal Games (KITG) 2026 to promote sports talent among tribal youth.
  • Location: Chhattisgarh, India (Raipur, Jagdalpur, and Sarguja)
  • Date: 26 March – 6 April 2026

Mandates and Objectives:

  • Mandates:
    • The Khelo India Tribal Games 2026 will be organized by the Government of India to encourage sports participation among tribal communities. The event will include seven medal sports—athletics, football, hockey, weightlifting, archery, swimming, and wrestling—and will bring together athletes from tribal regions across India.
  • Objectives:
    • The initiative aims to identify and nurture sports talent from tribal communities, strengthen grassroots sports infrastructure, and integrate promising tribal athletes into the national sports ecosystem through structured training and support under the Khelo India programme.

Important Terms Explained:

  • Khelo India Scheme:
    • The Khelo India Scheme is a flagship sports development programme launched by the Government of India to promote mass participation in sports, identify young talent, and develop sports infrastructure across the country.
  • Khelo India Tribal Games (KITG):
    • The Khelo India Tribal Games is a newly introduced sporting event under the Khelo India initiative, designed to provide a competitive platform for athletes from tribal communities and help identify future national-level sportspersons.
  • Grassroots Sports Development:
    • This refers to the process of promoting sports participation at the local and community level, particularly among youth, to build a strong foundation for professional sports talent.

Tabular Summary:

Parameter Details
Event name Khelo India Tribal Games (KITG) 2026
Announcement date March 2026
Location Chhattisgarh (Raipur, Jagdalpur, Sarguja)
Issuing authority Ministry of Youth Affairs and Sports
Policy/series name Khelo India Scheme
Key figures Mansukh Mandaviya
Purpose/reason To promote sports participation and identify talent among tribal youth
Feature details Seven sports including athletics, football, hockey, weightlifting, archery, swimming and wrestling
Validity or status First edition scheduled from 26 March to 6 April 2026
Strategic/significant value Strengthens grassroots sports development and integrates tribal athletes into national sports programmes

5. Jasprit Bumrah reached the milestone of 500 international wickets during which tournament in 2026?
A) ICC Champions Trophy
B) ICC Men’s T20 World Cup
C) Asia Cup
D) ICC World Test Championship Final
E) ICC Cricket World Cup
Answer: B) ICC Men’s T20 World Cup

Event and Location:

  • Event: Indian fast bowler Jasprit Bumrah completed 500 international wickets during the ICC Men’s T20 World Cup 2026 semifinal.
  • Location: Wankhede Stadium, Mumbai, India
  • Date: March 2026

Mandates and Objectives:

  • Mandates:
    • Indian pacer Jasprit Bumrah achieved the milestone of 500 wickets in international cricket after dismissing England captain Harry Brook during the semifinal match of the ICC Men’s T20 World Cup 2026 at the Wankhede Stadium in Mumbai.
  • Objectives:
    • The milestone highlights Bumrah’s exceptional consistency and impact across all three formats of international cricket—Tests, One Day Internationals (ODIs), and T20 Internationals (T20Is)—and places him among India’s most successful bowlers in cricket history.

Important Terms Explained:

  • ICC Men’s T20 World Cup:
    • The ICC Men’s T20 World Cup is an international cricket tournament organized by the International Cricket Council (ICC) in which national teams compete in the Twenty20 format.
  • International Cricket Council (ICC):
    • The ICC is the global governing body for cricket responsible for organizing major international tournaments, setting rules, and maintaining official rankings.
  • International Wickets:
    • In cricket, international wickets refer to the total number of batsmen dismissed by a bowler across all international formats including Tests, ODIs, and T20Is.

Tabular Summary:

Parameter Details
Event name Jasprit Bumrah reaches 500 international wickets
Announcement date March 2026
Location Wankhede Stadium, Mumbai, India
Issuing authority International Cricket Council (ICC)
Policy/series name ICC Men’s T20 World Cup 2026
Key figures Jasprit Bumrah, Harry Brook
Purpose/reason Major career milestone for Indian fast bowler in international cricket
Feature details Bumrah dismissed England captain Harry Brook to reach 500 international wickets
Validity or status Achieved during the semifinal match of T20 World Cup 2026
Strategic/significant value Places Bumrah among India’s elite bowlers with the highest international wicket tallies

 

Ranking – Daily Current Affairs March 02

6. According to the Hurun Rich List 2026, what is India’s global rank in terms of the number of billionaires?
A) First
B) Second
C) Third
D) Fourth
E) Fifth
Answer: C) Third

Event and Location:

  • Event: Release of the Hurun Rich List 2026, showing India ranking third globally in the number of billionaires.
  • Location: Global (India highlighted)
  • Date: March 2026

Mandates and Objectives:

  • Mandates:
    • The Hurun Rich List 2026 reported that India now has 308 billionaires, placing it third globally after the United States and China. The report also highlighted trends in wealth creation across sectors, the rise of new billionaires, and the distribution of billionaire wealth across cities and industries.
  • Objectives:
    • The list aims to track global wealth trends, identify emerging business leaders, analyze sector-wise wealth creation, and highlight economic growth and entrepreneurship across different countries.

Hurun Rich List 2026

Rank/Category Name / Place / Sector Key Details
Global Rank of India (Billionaires) 3rd After USA (1st) and China (2nd)
Total Billionaires in India 308 Net increase of 24 billionaires in 2026
Richest Person in India & Asia Mukesh Ambani Net worth ₹9.8 trillion
2nd Richest Person in India Gautam Adani Net worth ₹7.5 trillion
3rd Richest Person in India Roshni Nadar Malhotra Net worth ₹3.2 trillion
Biggest Wealth Gainer Cyrus S. Poonawalla Wealth increased by ₹0.91 trillion
Youngest Billionaire in India Ritesh Agarwal Age 32, Founder of OYO
Top Sector Creating New Billionaires Healthcare 53 new billionaires
2nd Sector Creating Billionaires Industrial Products 36 new billionaires
3rd Sector Creating Billionaires Consumer Goods 31 new billionaires
Indian City with Most Billionaires Mumbai 95 billionaires
Asia’s Billionaire Capital Shenzhen (China) 133 billionaires
City with Most Billionaires Globally New York 146 billionaires
2nd City Globally Shanghai 120 billionaires
3rd City Globally Beijing 107 billionaires
4th City Globally London 102 billionaires

Important Terms Explained:

  • Hurun Rich List:
    • The Hurun Rich List is an annual ranking published by Hurun Report, which tracks the wealth of the richest individuals globally and provides insights into wealth distribution, industry trends, and economic growth.
  • Billionaire:
    • A billionaire is an individual whose net worth equals or exceeds one billion US dollars, typically accumulated through business ownership, investments, or entrepreneurship.
  • Net Worth:
    • Net worth refers to the total value of an individual’s assets minus liabilities, representing their overall wealth.

Tabular Summary:

Parameter Details
Event name Hurun Rich List 2026
Announcement date March 2026
Location Global (India ranked third)
Issuing authority Hurun Report
Policy/series name Annual Global Rich List
Key figures Mukesh Ambani, Gautam Adani, Roshni Nadar Malhotra
Purpose/reason Track global billionaire wealth and economic trends
Feature details India has 308 billionaires and added 57 new billionaires during the year
Validity or status Annual wealth ranking report
Strategic/significant value Reflects rapid wealth creation and entrepreneurial growth in India

Banking and Finance – Daily Current Affairs March 02

7. The Reserve Bank of India (RBI) announced the purchase of ₹1 lakh crore worth of government bonds through which monetary policy tool to support banking liquidity?
A) Cash Reserve Ratio
B) Open Market Operations
C) Repo Rate Adjustment
D) Marginal Standing Facility
E) Statutory Liquidity Ratio
Answer: B) Open Market Operations

Event and Location:

  • Event: Reserve Bank of India (RBI) announced a ₹1 lakh crore government bond purchase through Open Market Operations (OMO) to support banking liquidity.
  • Location: India
  • Date: March 2026 (Auctions scheduled on 9 March and 13 March 2026)

Mandates and Objectives:

  • Mandates:
    • The Reserve Bank of India (RBI) will purchase government securities worth ₹1,00,000 crore through Open Market Operations (OMO). The purchases will occur in two tranches of ₹50,000 crore each via auctions scheduled on 9 March and 13 March 2026 to inject liquidity into the banking system.
  • Objectives:
    • The move aims to ease liquidity pressure in the banking sector before the financial year end, manage temporary cash shortages caused by GST payments and advance tax outflows, and stabilize the government bond market by preventing a sharp rise in bond yields.

Important Terms Explained:

  • Open Market Operations (OMO):
    • Open Market Operations refer to the buying or selling of government securities by the central bank in the open market to regulate liquidity and control the money supply in the economy.
  • Government Securities (G-Secs):
    • Government securities are debt instruments issued by the government to borrow funds from the market and are considered among the safest investment instruments.
  • Bond Yield:
    • Bond yield is the return earned by investors from holding a bond, which typically moves inversely to bond prices and reflects the cost of borrowing for the government.

Tabular Summary:

Parameter Details
Event name RBI ₹1 lakh crore bond purchase through OMO
Announcement date March 2026
Location India
Issuing authority Reserve Bank of India
Policy/series name Open Market Operations (OMO)
Key figures ₹1,00,000 crore bond purchase
Purpose/reason Ease banking liquidity before financial year end
Feature details Two auctions of ₹50,000 crore each on 9 and 13 March 2026
Validity or status Liquidity management measure
Strategic/significant value Stabilizes bond yields and supports financial market liquidity

Business and Economy – Daily Current Affairs March 02

8. According to RBI data, what was India’s forex reserve level for the week ending February 27, 2026?
A) $702.3 billion
B) $715.6 billion
C) $728.49 billion
D) $689.4 billion
E) $750.2 billion
Answer: C) $728.49 billion

Event and Location:

  • Event: India’s foreign exchange reserves reached a record $728.49 billion, according to data released by the Reserve Bank of India (RBI).
  • Location: India
  • Date: Week ending 27 February 2026

Mandates and Objectives:

  • Mandates:
    • The Reserve Bank of India (RBI) reported that India’s forex reserves increased by $4.88 billion, reaching a record $728.49 billion for the week ending 27 February 2026. The increase was mainly driven by a rise in gold reserves and foreign currency assets (FCA).
  • Objectives:
    • Maintaining high forex reserves helps strengthen India’s external financial stability, manage currency volatility, support international trade payments, and improve investor confidence in the Indian economy.

Important Terms Explained:

  • Foreign Exchange Reserves (Forex Reserves):
    • Forex reserves are assets held by a country’s central bank in foreign currencies, gold, Special Drawing Rights, and reserve positions with the IMF. These reserves help stabilize the national currency and support international payments.
  • Foreign Currency Assets (FCA):
    • Foreign Currency Assets are the largest component of forex reserves and include holdings in major currencies such as the US dollar, euro, pound sterling, and Japanese yen.
  • Special Drawing Rights (SDRs):
    • SDRs are international reserve assets created by the International Monetary Fund (IMF) to supplement the official reserves of member countries and support global financial stability.

Tabular Summary:

Parameter Details
Event name India’s Forex Reserves Reach Record Level
Announcement date Week ending 27 February 2026
Location India
Issuing authority Reserve Bank of India (RBI)
Policy/series name Weekly Forex Reserve Data
Key figures $728.49 billion total reserves
Purpose/reason Reflects strengthening of India’s external financial position
Feature details Increase driven by higher gold reserves and foreign currency assets
Validity or status Record level as of February 2026
Strategic/significant value Enhances financial stability and strengthens India’s capacity to manage external shocks

Appointments – Daily Current Affairs March 02

9. Which political leader is set to become Nepal’s Prime Minister after the Rastriya Swatantra Party’s strong performance in the 2026 parliamentary elections?
A) Pushpa Kamal Dahal
B) Sher Bahadur Deuba
C) K. P. Sharma Oli
D) Balendra “Balen” Shah
E) Madhav Kumar Nepal
Answer: D) Balendra “Balen” Shah

Event and Location:

  • Event: Balendra “Balen” Shah is set to become the Prime Minister of Nepal following the strong performance of the Rastriya Swatantra Party (RSP) in the Nepal Parliamentary Elections 2026.
  • Location: Nepal
  • Date: March 2026

Mandates and Objectives:

  • Mandates:
    • The Rastriya Swatantra Party (RSP) secured a major lead in Nepal’s parliamentary elections, positioning its leader Balendra “Balen” Shah, the former Kathmandu Mayor, to become the next Prime Minister of Nepal. The election outcome reflects a shift toward new political leadership following the 2025 Gen Z protests that led to the fall of the K. P. Sharma Oli government.
  • Objectives:
    • The political transition aims to introduce governance reforms, promote transparency, increase youth participation in politics, and strengthen democratic institutions in Nepal.

Important Terms Explained:

  • Rastriya Swatantra Party (RSP):
    • The Rastriya Swatantra Party is a relatively new political party in Nepal founded to promote governance reforms, transparency, and anti-corruption policies, and it has gained strong support from youth and urban voters.
  • Gen Z Protests (2025):
    • The Gen Z protests in Nepal were youth-led demonstrations demanding political reforms, transparency, and better governance, which significantly influenced the country’s political landscape and contributed to the fall of the previous government.
  • Proportional Representation System:
    • The proportional representation system allocates parliamentary seats to political parties based on the percentage of votes they receive, ensuring broader representation in the legislature.

Tabular Summary:

Parameter Details
Event name Nepal Parliamentary Elections 2026
Announcement date March 2026
Location Nepal
Issuing authority Election Commission of Nepal
Policy/series name Federal Parliamentary Election
Key figures Balendra “Balen” Shah
Purpose/reason Formation of a new government following national elections
Feature details Rastriya Swatantra Party leads the election results across many constituencies
Validity or status Final results pending completion of vote counting
Strategic/significant value Represents a major political shift with increased youth-driven leadership

10. Lt Gen Pushpendra Pal Singh has been appointed as the next General Officer Commanding-in-Chief (GOC-in-C) of which Indian Army Command?
A) Northern Command
B) Eastern Command
C) Western Command
D) Southern Command
E) Central Command
Answer: C) Western Command

Event and Location:

  • Event: Lt Gen Pushpendra Pal Singh appointed as the next General Officer Commanding-in-Chief (GOC-in-C) of the Indian Army’s Western Command.
  • Location: Chandimandir, Haryana, India
  • Date: March 2026 (to assume charge after the retirement of Lt Gen M K Katiyar)

Mandates and Objectives:

  • Mandates:
    • The Indian Army has appointed Lt Gen Pushpendra Pal Singh, currently serving as the Vice Chief of Army Staff (VCOAS), as the next GOC-in-C of Western Command. He will take charge at the Chandimandir headquarters after the retirement of Lt Gen M K Katiyar.
  • Objectives:
    • The appointment aims to ensure continuity of strategic leadership and operational readiness of the Western Command, which is responsible for military operations and security along India’s western borders.

Important Terms Explained:

  • General Officer Commanding-in-Chief (GOC-in-C):
    • A GOC-in-C is the senior-most officer commanding one of the operational commands of the Indian Army, responsible for strategic planning, troop deployment, and operational readiness in the assigned region.
  • Vice Chief of Army Staff (VCOAS):
    • The VCOAS is the second-highest-ranking officer in the Indian Army, assisting the Chief of Army Staff (COAS) in administration, operations, and policy decisions.
  • Western Command:
    • The Western Command of the Indian Army, headquartered at Chandimandir in Haryana, is responsible for operational readiness and defence along the western border of India, primarily facing Pakistan.

Tabular Summary:

Parameter Details
Event name Appointment of Lt Gen Pushpendra Pal Singh as Western Command GOC-in-C
Announcement date March 2026
Location Chandimandir, Haryana
Issuing authority Indian Army
Policy/series name Senior Military Appointment
Key figures Lt Gen Pushpendra Pal Singh, Lt Gen M K Katiyar
Purpose/reason Leadership transition after retirement of the current commander
Feature details Lt Gen Pushpendra Pal Singh currently serves as Vice Chief of Army Staff
Validity or status To assume charge after the retirement of Lt Gen M K Katiyar
Strategic/significant value Strengthens leadership of the Western Command responsible for India’s western borders

Defence – Daily Current Affairs March 02

11. Operation Sankalp, recently in news, is associated with which of the following?
A) Space surveillance mission by ISRO
B) Maritime security operation by the Indian Navy
C) Border infrastructure project in Ladakh
D) Anti-terror operation by the Indian Army
E) Cyber security programme by the Ministry of Home Affairs
Answer: B) Maritime security operation by the Indian Navy

Event and Location:

  • Event: Operation Sankalp of the Indian Navy is back in focus amid rising tensions in West Asia.
  • Location: Gulf of Oman, Strait of Hormuz, and Indian Ocean Region
  • Date: Operation launched on 19 June 2019 (recently highlighted in March 2026)

Mandates and Objectives:

  • Mandates:
    • Operation Sankalp is a maritime security mission launched by the Indian Navy to safeguard Indian merchant ships and ensure safe navigation through strategic sea lanes such as the Gulf of Oman, Gulf of Aden, and Strait of Hormuz. The operation includes deployment of naval warships, surveillance systems, and special forces to monitor and protect commercial shipping routes.
  • Objectives:
    • The mission aims to ensure uninterrupted maritime trade, protect Indian energy supply routes, counter piracy and maritime threats, and maintain stability in the Indian Ocean Region (IOR) while supporting humanitarian assistance and disaster relief operations when required.

Important Terms Explained:

  • Operation Sankalp:
    • Operation Sankalp is a maritime security mission launched by the Indian Navy in June 2019 to protect Indian merchant vessels and ensure safe navigation in sensitive maritime regions such as the Strait of Hormuz and Gulf of Oman.
  • Humanitarian Assistance and Disaster Relief (HADR):
    • HADR refers to military-supported operations that provide emergency aid, rescue operations, and relief support to affected populations during natural disasters or humanitarian crises.
  • MARCOS (Marine Commandos):
    • MARCOS are the special forces unit of the Indian Navy trained for maritime counter-terrorism, special reconnaissance, and rapid response operations at sea.

Tabular Summary:

Parameter Details
Event name Operation Sankalp
Announcement date 19 June 2019
Location Gulf of Oman, Strait of Hormuz, Indian Ocean Region
Issuing authority Indian Navy
Policy/series name Maritime Security Operation
Key figures Indian Navy warships and MARCOS commandos
Purpose/reason Protect Indian merchant ships and ensure maritime security
Feature details Deployment of warships, surveillance aircraft and special forces in sensitive sea lanes
Validity or status Ongoing maritime security mission
Strategic/significant value Protects India’s trade routes and energy supply from the Persian Gulf

International Affairs – Daily Current Affairs March 02

12. Which country announced a ban on social media access for children under 16 starting March 28, 2026?
A) Australia
B) Indonesia
C) France
D) United Kingdom
E) Spain
Answer: B) Indonesia

Event and Location:

  • Event: Indonesia announced a ban on social media access for children under 16 years of age to protect minors from harmful online content.
  • Location: Indonesia
  • Date: Implementation starting 28 March 2026

Mandates and Objectives:

  • Mandates:
    • The Government of Indonesia announced that children under 16 years of age will not be allowed to create accounts on major social media platforms including TikTok, YouTube, Facebook, Instagram, X, Threads, Roblox, and Bigo Live.
    • Technology companies will be required to introduce stricter age verification systems to enforce the regulation.
  • Objectives:
    • The policy aims to protect minors from online risks such as cyberbullying, exposure to inappropriate content, online fraud, and social media addiction, while promoting a safer digital environment for children.

Important Terms Explained:

  • Social Media Regulation:
    • Social media regulation refers to government rules or policies designed to control how digital platforms operate, including restrictions on user access, content moderation, and safety protections for vulnerable groups.
  • Cyberbullying:
    • Cyberbullying is harassment or bullying conducted through digital platforms such as social media, messaging apps, and online forums.
  • Digital Addiction:
    • Digital addiction refers to excessive use of digital devices or online platforms that negatively affects a person’s mental health, productivity, or social behavior.

Tabular Summary:

Parameter Details
Event name Indonesia Social Media Ban for Children
Announcement date March 2026
Location Indonesia
Issuing authority Ministry of Communication and Digital Affairs
Policy/series name Social Media Age Restriction Policy
Key figures Meutya Hafid
Purpose/reason Protect children from harmful online content and digital addiction
Feature details Children under 16 cannot create accounts on major social media platforms
Validity or status Implementation begins 28 March 2026
Strategic/significant value Strengthens digital safety policies for minors

Schemes – Daily Current Affairs March 02

13. The SWAYATT initiative, which recently completed seven years on the Government e-Marketplace (GeM), primarily aims to promote which of the following in India?
A) Export promotion for large industries
B) Inclusive public procurement for startups and women entrepreneurs
C) Agricultural subsidy distribution
D) Foreign investment in technology companies
E) Digital banking services for rural areas
Answer: B) Inclusive public procurement for startups and women entrepreneurs

Event and Location:

  • Event: Celebration of seven years of the SWAYATT Initiative promoting inclusive public procurement through Government e-Marketplace (GeM).
  • Location: India
  • Date: March 2026 (marking seven years since launch on 19 February 2019)

Mandates and Objectives:

  • Mandates:
    • The SWAYATT Initiative under the Government e-Marketplace (GeM) aims to increase participation of startups, women entrepreneurs, youth-led enterprises, self-help groups (SHGs), and micro and small enterprises in government procurement processes through a digital platform.
  • Objectives:
    • The initiative seeks to democratize public procurement in India by improving market access, enhancing financial opportunities for emerging enterprises, and ensuring transparency and inclusivity in government purchasing systems through digital transactions.

Important Terms Explained:

  • SWAYATT Initiative:
    • The SWAYATT Initiative stands for Startups, Women and Youth Advantage through eTransactions.
    • It was launched on 19 February 2019 to promote inclusive participation of startups, women entrepreneurs, youth, and SHGs in public procurement via the GeM platform.
  • Government e-Marketplace (GeM):
    • The GeM is an online procurement portal launched by the Government of India to facilitate transparent and efficient purchase of goods and services by government departments, ministries, and public sector units.
  • Startup Runway:
    • Startup Runway is a dedicated digital storefront on the GeM platform that enables government buyers to discover and procure innovative products and services offered by startups.
  • Womaniya Initiative:
    • Womaniya is a special feature on GeM that highlights products and services offered by women entrepreneurs and self-help groups, improving their visibility to government buyers.

Tabular Summary:

Parameter Details
Event name Seven years of SWAYATT Initiative on GeM
Announcement date March 2026
Location India
Issuing authority Government e-Marketplace (GeM), Government of India
Policy/series name SWAYATT Initiative
Key figures Women entrepreneurs, startups, SHGs and youth enterprises
Purpose/reason To promote inclusive public procurement and improve access to government markets
Feature details Digital procurement platform enabling startups and women-led enterprises to sell goods and services to government buyers
Validity or status Ongoing initiative since 19 February 2019
Strategic/significant value Strengthens transparency, digital governance and economic inclusion in public procurement

14. Which scheme introduced in the Punjab Budget 2026–27 provides ₹1,000 monthly financial assistance to women?
A) Ladli Laxmi Yojana
B) Mukh Mantri Mawan Dhiyan Satkar Yojana
C) Beti Bachao Beti Padhao
D) Sukanya Samriddhi Yojana
E) Shakti Scheme
Answer: B) Mukh Mantri Mawan Dhiyan Satkar Yojana

Event and Location:

  • Event: Presentation of the Punjab Budget 2026–27, announcing major welfare schemes including financial assistance for women.
  • Location: Punjab, India
  • Date: March 2026

Mandates and Objectives:

  • Mandates:
    • The Punjab Budget 2026–27, presented by Finance Minister Harpal Singh Cheema, announced a total outlay of ₹2,60,437 crore, making it the largest budget in the state’s history.
    • A key announcement was the Mukh Mantri Mawan Dhiyan Satkar Yojana, which provides ₹1,000 per month financial assistance to women and ₹1,500 per month to Dalit women.
  • Objectives:
    • The budget aims to strengthen women’s financial security, improve agriculture productivity, enhance education and healthcare infrastructure, and accelerate rural and urban development across Punjab.

Important Terms Explained:

  • Mukh Mantri Mawan Dhiyan Satkar Yojana:
    • The Mukh Mantri Mawan Dhiyan Satkar Yojana is a welfare scheme launched by the Punjab government to provide monthly financial assistance to women, aiming to enhance economic security and social welfare.
  • Sikhiya Kranti 2.0:
    • Sikhiya Kranti 2.0 is an education reform initiative introduced in the Punjab Budget 2026 to transform school infrastructure and improve teaching quality with support from the World Bank.
  • Integrated Child Development Services (ICDS):
    • ICDS is a central government programme that provides nutrition, health services, and early childhood education to children under six years of age and support services for mothers.

Tabular Summary:

Parameter Details
Event name Punjab Budget 2026–27
Announcement date March 2026
Location Punjab, India
Issuing authority Government of Punjab
Policy/series name Mukh Mantri Mawan Dhiyan Satkar Yojana
Key figures Harpal Singh Cheema
Purpose/reason Provide financial support to women and promote social welfare
Feature details ₹1,000 monthly aid for women and ₹1,500 for Dalit women
Validity or status Budget for Financial Year 2026–27
Strategic/significant value Strengthens women empowerment and social security in Punjab

National Affairs – Daily Current Affairs March 02

15. Which state government proposed banning social media use for children under 16 in its Budget 2026–27 to address digital addiction and harmful content?
A) Tamil Nadu
B) Karnataka
C) Maharashtra
D) Andhra Pradesh
E) Telangana
Answer: B) Karnataka

Event and Location:

  • Event: Proposal to ban social media usage for children below 16 years to reduce digital addiction and exposure to harmful online content.
  • Location: Karnataka, India
  • Date: March 2026 (Announcement during Karnataka Budget 2026–27)

Mandates and Objectives:

  • Mandates:
    • The Karnataka government proposed restricting access to social media platforms for children under the age of 16 as part of the state’s Budget 2026–27 announcement by Chief Minister Siddaramaiah.
    • The proposal aims to regulate children’s exposure to online platforms and explore possible mechanisms for age verification and enforcement.
  • Objectives:
    • The objective of the proposed ban is to reduce digital addiction among children and teenagers, limit their exposure to harmful online content and targeted advertising, and protect their mental health and academic development by promoting a safer digital environment.

Important Terms Explained:

  • Digital Personal Data Protection (DPDP) Act:
    • The DPDP Act is a law enacted by the Government of India to regulate the collection, storage, and processing of personal data.
    • It includes special provisions for protecting children’s data and requires parental consent before minors can access certain digital services.
  • Age-Based Social Media Regulation:
    • This refers to policies that restrict or regulate access to social media platforms based on a user’s age.
    • Governments may require parental consent, monitored usage, or complete bans for younger users to ensure online safety.
  • Digital Addiction:
    • Digital addiction refers to excessive and uncontrolled use of digital devices or online platforms, particularly social media, which can negatively affect mental health, productivity, and social behavior.

Tabular Summary:

Parameter Details
Event name Proposal to ban social media for children under 16
Announcement date March 2026
Location Karnataka, India
Issuing authority Government of Karnataka
Policy/series name Proposed Social Media Age Restriction Policy
Key figures Siddaramaiah, Ashwini Vaishnaw, N. Chandrababu Naidu
Purpose/reason To reduce digital addiction and protect children from harmful online content
Feature details Proposed restriction on social media use for children under 16 with possible age verification mechanisms
Validity or status Currently a proposal; implementation mechanism yet to be finalized
Strategic/significant value Could make Karnataka the first Indian state to introduce such age-based social media restrictions

16. What is the total outlay announced in the Karnataka Budget 2026–27 presented by Chief Minister Siddaramaiah?
A) ₹3.75 trillion
B) ₹4.10 trillion
C) ₹4.48 trillion
D) ₹5.02 trillion
E) ₹3.98 trillion
Answer: C) ₹4.48 trillion

Event and Location:

  • Event: Presentation of the Karnataka Budget 2026–27 announcing major policy initiatives including a proposed social media ban for children under 16 and increased investment in education and infrastructure.
  • Location: Karnataka, India
  • Date: March 2026

Mandates and Objectives:

  • Mandates:
    • The Karnataka Budget 2026–27, presented by Chief Minister Siddaramaiah, announced a total expenditure outlay of ₹4.48 trillion for FY27.
    • Key policy announcements include a proposed social media ban for children under 16, recruitment of 15,000 teachers, upgrading 800 institutions into Karnataka Public Schools, implementation of women welfare programmes, procurement of 4,000 electric buses, police modernization with surveillance technologies, and establishment of the Bangalore Robotics and AI Innovation Zone (BRAINz).
  • Objectives:
    • The budget aims to strengthen education infrastructure, improve public transport, enhance digital safety for children, promote technological innovation in Bengaluru, expand welfare support for women and children, and support sustainable infrastructure development across the state.

Important Terms Explained:

  • Gruhalakshmi Scheme:
    • The Gruhalakshmi Scheme is a welfare initiative of the Karnataka government that provides ₹2,000 per month financial assistance to eligible women heads of households to enhance economic security.
  • Shakti Scheme:
    • The Shakti Scheme allows free bus travel for women in Karnataka’s state-run buses to improve mobility and access to employment and education.
  • BRAINz (Bangalore Robotics and AI Innovation Zone):
    • BRAINz is a proposed technology innovation hub in Bengaluru focusing on research and development in robotics and artificial intelligence, being developed with collaboration from IISc and ISRO.
  • Rohith Vemula Act:
    • The Rohith Vemula Act is a policy initiative aimed at preventing discrimination in higher educational institutions and promoting equality and inclusiveness for students.

Tabular Summary:

Parameter Details
Event name Karnataka Budget 2026–27
Announcement date March 2026
Location Karnataka, India
Issuing authority Government of Karnataka
Policy/series name Karnataka State Budget FY 2026–27
Key figures Siddaramaiah
Purpose/reason Strengthen education, welfare programmes, infrastructure and digital safety
Feature details ₹4.48 trillion outlay, social media ban proposal for under-16, teacher recruitment and electric bus programme
Validity or status Budget for FY 2026–27
Strategic/significant value Promotes digital regulation for children, improves education infrastructure and supports technology innovation

17. Under which scheme did the Maharashtra government announce a farm loan waiver up to ₹2 lakh in the Maharashtra Budget 2026–27?
A) PM-KISAN Scheme
B) Punyashlok Ahilyabai Holkar Farmers Loan Waiver Scheme
C) Pradhan Mantri Fasal Bima Yojana
D) National Agriculture Mission
E) Kisan Credit Support Scheme
Answer: B) Punyashlok Ahilyabai Holkar Farmers Loan Waiver Scheme

Event and Location:

  • Event: Presentation of the Maharashtra Budget 2026–27 announcing a farm loan waiver and major development initiatives in agriculture, infrastructure, renewable energy, and tourism.
  • Location: Maharashtra, India
  • Date: 6 March 2026

Mandates and Objectives:

  • Mandates:
    • The Maharashtra Budget 2026–27, presented by Chief Minister Devendra Fadnavis who also holds the Finance portfolio, announced a farm loan waiver of up to ₹2 lakh under the Punyashlok Ahilyabai Holkar Farmers Loan Waiver Scheme.
    • The budget also introduced initiatives for agricultural modernization through AI technology, infrastructure expansion including metro and highway development, renewable energy projects, tourism promotion, and job creation.
  • Objectives:
    • The budget aims to reduce financial stress on farmers, modernize agriculture through digital tools, expand infrastructure and urban development, increase renewable energy adoption, boost tourism, and generate employment opportunities across the state.

Important Terms Explained:

  • Punyashlok Ahilyabai Holkar Farmers Loan Waiver Scheme:
    • The Punyashlok Ahilyabai Holkar Farmers Loan Waiver Scheme provides a loan waiver up to ₹2 lakh for eligible farmers who took loans before 3 September 2025, aiming to reduce financial burden and support agricultural stability.
  • Agristack:
    • Agristack is a digital platform designed to create a unified farmer database and identification system to ensure targeted delivery of government benefits and agricultural services.
  • Mahavistar Chatbot:
    • The Mahavistar Chatbot is an AI-based agricultural support tool that provides farmers with information related to weather forecasts, crop diseases, and market prices, and supports communication in tribal languages.
  • Natural Farming Mission:
    • The Natural Farming Mission aims to promote chemical-free farming practices and plans to bring 5 lakh hectares of agricultural land under natural farming methods.

Tabular Summary:

Parameter Details
Event name Maharashtra Budget 2026–27
Announcement date 6 March 2026
Location Maharashtra, India
Issuing authority Government of Maharashtra
Policy/series name Punyashlok Ahilyabai Holkar Farmers Loan Waiver Scheme
Key figures Devendra Fadnavis
Purpose/reason Reduce farmers’ debt burden and promote economic development
Feature details Loan waiver up to ₹2 lakh, AI-based agriculture tools, solar support and infrastructure expansion
Validity or status Budget for Financial Year 2026–27
Strategic/significant value Strengthens agricultural economy, promotes renewable energy and boosts infrastructure development


Over All Review

Important Days

  • International Women’s Day 2026 will be observed worldwide on 8 March to celebrate women’s achievements and promote gender equality.

Sports 

  • India defeated New Zealand by 96 runs to win the ICC Men’s T20 World Cup 2026.
  • Lakshya Sen reached the semi-finals of the All England Open Badminton Championships 2026 after defeating China’s Li Shi Feng.
  • The first edition of the Khelo India Tribal Games (KITG) 2026 will be hosted in Chhattisgarh from 26 March to 6 April 2026.
  • Indian fast bowler Jasprit Bumrah completed 500 international wickets during the ICC Men’s T20 World Cup 2026 semifinal against England.

Ranking 

  • The Hurun Rich List 2026 reported that India has 308 billionaires, ranking third globally after the United States and China.

Banking and Finance 

  • The Reserve Bank of India (RBI) announced the purchase of ₹1 lakh crore government bonds through Open Market Operations (OMO).

Business And Economy

  • India’s foreign exchange reserves reached a record $728.49 billion for the week ending 27 February 2026, according to RBI data.

Appointments

  • Balendra “Balen” Shah is set to become the Prime Minister of Nepal after the strong performance of the Rastriya Swatantra Party (RSP) in the 2026 parliamentary elections.
  • Lt Gen Pushpendra Pal Singh has been appointed as the next GOC-in-C of the Indian Army’s Western Command.

Defence

  • Operation Sankalp is a maritime security mission launched by the Indian Navy on 19 June 2019.

International Affairs

  • Indonesia announced a ban on social media use for children under 16, effective from 28 March 2026.

Schemes

  • The Government e-Marketplace (GeM) celebrated seven years of the SWAYATT Initiative, launched on 19 February 2019 to promote inclusive public procurement.
  • The Punjab Budget 2026–27 announced a record outlay of ₹2.6 lakh crore.

National Affairs

  • The Karnataka government proposed banning social media access for children under 16 in the state Budget 2026–27.
  • The Karnataka Budget 2026–27 presented by Chief Minister Siddaramaiah announced a total outlay of ₹4.48 trillion.
  • The Maharashtra Budget 2026–27 was presented by Chief Minister Devendra Fadnavis on 6 March 2026.

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