Daily Current Affairs

7th March 2026

 Daily Current Affairs
7th March 2026

BANKING, FINANCE & BUSINESS

Bank of Baroda Launches ₹10,000 Crore Green Bond Issue for Sustainable Projects
• Bank of Baroda (BoB) raised ₹10,000 crore
through Series I Long-Term Green
Infrastructure Bonds to support sustainable
infrastructure financing in India.
• The bond issue received strong investor
response, attracting bids worth ₹16,415 crore,
which is more than three times the base issue
size of ₹5,000 crore.
• The bonds were issued at a coupon rate of
7.10%, reflecting a Green Premium (Greenium)
due to strong demand for sustainable financial
instruments.
• This makes Bank of Baroda the first Indian bank to issue domestic Green
Infrastructure Bonds in the country.
• The bond proceeds will be used to finance environmentally sustainable
infrastructure projects, aligned with the bank’s ESG (Environmental, Social and
Governance) financing strategy.
• The bond was issued through the Electronic Debt Bidding platform of the
National Stock Exchange (NSE) with a seven-year maturity period.
• The issuance demonstrates strong investor confidence despite market volatility,
highlighting demand for green finance instruments in India.
• The initiative supports renewable energy projects, green infrastructure
development, and India’s transition toward sustainable economic growth.
Recent News :
• In Jan 2026, Bank of Baroda signed a Memorandum of Understanding (MoU)
with India Infrastructure Finance Company Limited. (IIFCL) to facilitate joint
lending and loan syndication for a wide range of infrastructure projects.
About Bank of Baroda (BoB):
• Founded: 1908
• Headquarters: Vadodara, Gujarat, India
• Managing Director & CEO: Debadatta Chand
• Tagline: "India’s International Bank"

State Bank of India Ranked Strongest Indian Bank Globally in Brand Finance Banking
500 Report 2026
• State Bank of India (SBI) has been ranked
the strongest Indian bank globally, securing
16th position worldwide and 7th position in
Asia Pacific with an AAA+ brand strength
rating in the Brand Finance Banking 500
Report 2026.
• HDFC Bank remains the most valuable
Indian banking brand with a brand value of
USD 12.4 billion, though it slipped to 31st
position globally.
• SBI’s brand value increased by 2% to USD 8.1 billion, ranking 56th among the
world’s most valuable banking brands.
• ICICI Bank recorded the fastest brand value growth among Indian banks,
increasing by 19% to USD 5.5 billion.

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• Nine Indian banks featured in the Top 500 global banking brands, including Axis
Bank, Bank of Baroda, Union Bank of India, Punjab National Bank, Kotak
Mahindra Bank, Indian Bank, and Bank of India.
• Other global rankings included Axis Bank (96), Canara Bank (136), Union Bank
of India (151), Punjab National Bank (153), Kotak Mahindra Bank (160), Indian
Bank (194), Bank of India (209), IndusInd Bank (247), IDBI Bank (286), Federal
Bank (293) and Yes Bank (346).
• 19 Indian banking brands together account for USD 47.8 billion in total brand
value, showing India’s growing global banking presence.
• India ranks 8th globally in banking brand value, contributing 2.7% of the world’s
total banking brand value.
• The total global banking brand value of the Top 500 banks increased by 10% in
2026, reaching nearly USD 1.8 trillion.
• Industrial and Commercial Bank of China (ICBC) remains the world’s most
valuable banking brand (USD 90.9 billion).
• Banco do Brasil (BCA) is the world’s strongest banking brand, while Nubank
ranks as the fourth strongest global banking brand.

Securities and Exchange Board of India Uses AI Tool ‘Sudarshan’ to Remove Over 1.2
Lakh Misleading Finfluencer Posts
• The Securities and Exchange Board of India
(SEBI) has deployed an in-house Artificial
Intelligence (AI) system named ‘Sudarshan’ to
strengthen digital surveillance of financial
content across online platforms.
• The AI system has helped in removing more than
1.20 lakh misleading social media posts posted
by unregistered financial influencers,
strengthening investor protection mechanisms.
• The AI-based monitoring system can scan large
volumes of audio, video, and text content
across multiple digital platforms and languages
to detect financial advisory violations.
• The system helps identify unregistered investment advisory activities and
misleading financial claims, enabling faster regulatory action against securities
market violations.
• SEBI has clarified that only SEBI-registered entities are legally allowed to provide
investment advisory services in India.
• SEBI Chairman Tuhin Kanta Pandey warned retail investors about derivatives
trading risks, stating that 9 out of 10 investors lose money in options trading.
• To enhance investor awareness, mandatory risk warning pop-ups have been
introduced on trading platforms to protect retail investors from speculative losses.
• The initiative reflects SEBI’s focus on technology-driven market regulation,
digital financial monitoring, and investor protection in the Indian securities
market.
About SEBI :
• Established : 12 April 1988 as an executive body and was given statutory powers on
30 January 1992 through the SEBI Act, 1992
• Headquarters : Mumbai, Maharashtra
• Chairman : Tuhin Kanta Pandey

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• SEBI is the regulatory body for securities and commodity markets in India under the
ownership of the Ministry of Finance (MoF), GoI.

Shriram Finance Receives USD 76 Million Co-Financing from DEG and Citi
• DEG (Deutsche Investitions- und
Entwicklungsgesellschaft mbH) and Citibank N.A.
jointly provided a co-financing lending facility of
USD 76 million (around Rs 630 crore) to Shriram
Finance Limited (SFL), one of India’s largest Non-
Banking Financial Companies (NBFCs), to promote
financial inclusion and sustainable mobility in
India.
• This initiative marks the second collaboration
between DEG and Citi, following their previous co-
financing transaction supporting CreditAccess
Grameen in 2024.
• The funding structure has been arranged through
External Commercial Borrowings (ECBs) to
mobilize international capital for financing activities
in India.
• Under the arrangement, DEG extended a loan of USD
46 million (EUR 40 million), while Citi provided an
additional loan of Rs 260 crore to Shriram Finance
Limited.
• Citibank N.A. (Citi) also acted as the Lead Arranger and Coordinator for the
entire financing transaction.
• The loan proceeds will be used to finance Micro, Small and Medium Enterprises
(MSMEs), women borrowers, and promote Electric Vehicle (EV) adoption,
particularly in underserved and rural areas.
• The funding will help expand access to formal credit through Shriram Finance’s
extensive lending network across India, strengthening inclusive financial growth
and green mobility initiatives.

Motilal Oswal Home Finance Limited Secures USD 100 Million Funding from Asian
Development Bank for Affordable Housing Finance
• Motilal Oswal Home Finance
Limited (MOHFL) signed a USD 100
million debt financing agreement
with the Asian Development Bank
(ADB) to expand affordable
housing finance in India.
• The funding will be raised through
Non-Convertible Debentures
(NCDs) as Indian Rupee (INR)-
equivalent debt, strengthening
MOHFL’s borrowing profile and
funding base.
• The primary purpose of the funds is to provide affordable housing loans to
women borrowers, especially in underserved Tier-2 and Tier-3 cities and
emerging towns in India.

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• Around 10% of the proceeds will be allocated for financing green-certified

residential housing units, promoting environmentally sustainable building
practices.
• The transaction represents a cross-border debt raise for MOHFL and adds a
multilateral lender (ADB) to its long-term funding sources.
• The long-tenor capital from ADB will support asset-liability management (ALM)
and help diversify the company’s borrowing structure.
• The strategic partnership between MOHFL and ADB aims to expand affordable
housing access in underserved regions and support sustainable housing
development in India.
• Managing Director and Chief Executive Officer of Motilal Oswal Home Finance :
Sukesh Bhowal

Generali Central Insurance Launches ‘Happy Women’s Pay’ Campaign for Gender Pay
Equality
• Generali Central Insurance Company
Limited, a joint venture between
Assicurazioni Generali (Generali Group)
and Central Bank of India, launched the
“Happy Women’s Pay” campaign to
promote gender pay equality.
• The campaign was launched to mark
International Women’s Day, emphasising
equal pay and workplace gender equity
as core organisational values.
• The initiative highlights that gender
equality in pay should be implemented as
a policy-level commitment, not just a
social aspiration.
• The campaign film was created by TBWA\Lintas (Mullen Lintas), featuring 18
women employees sharing stories and slam poetry about gender pay disparity.
• The campaign contrasts traditional Women’s Day celebrations (flowers and
greetings) with the more important issue of pay parity and workplace equality.
• The campaign reinforces that equal pay is a fundamental workplace right,
supporting inclusive corporate culture and women empowerment in employment.
• The initiative reflects growing global corporate efforts to promote ESG
(Environmental, Social, and Governance) social responsibility and gender-
balanced workforce policies.

NATIONAL AND STATE NEWS

Gujarat Launches herSTART 5.0 Programme to Promote Women-Led Startups
• The Government of Gujarat launched
herSTART 5.0, a major initiative aimed at
strengthening women-led startups and
entrepreneurship in the state.
• The programme was inaugurated by Chief
Minister (CM) Bhupendra Patel at Gujarat
University in Ahmedabad.
• The event also marked the inauguration of a
new research park at Gujarat University to
promote innovation, research, and entrepreneurship.

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• The herSTART 5.0 programme is implemented by the Gujarat University Startup

and Entrepreneurship Council.
• The initiative focuses on supporting women entrepreneurs through incubation,
mentorship, and access to business networks.
• Under the programme, women-led startups will receive incubation support,
mentorship programmes, and networking opportunities.
• Through the herSTART initiative, women entrepreneurs will receive guidance in
developing business models, accessing investment opportunities, and
expanding market reach.
• During the launch event, the Chief Minister also inaugurated a new research park
at Gujarat University to strengthen the startup ecosystem and technology-driven
businesses.
• The organisers described the initiative as a “development triveni” integrating
entrepreneurship, research, and innovation.
• The Gujarat University Convention Centre will be renamed “Vidyagauri Nilkanth
Sabhapuram”.
• Vidyagauri Nilkanth is recognised as the first Gujarati woman graduate, and the
renaming aims to honour her contribution to education and women’s
empowerment.
• The move is intended to inspire future generations of women entrepreneurs and
leaders.
• During the event, the Chief Minister also highlighted the rapid expansion of India’s
startup ecosystem.
• According to official estimates, India currently has around 200,000 startups,
compared to fewer than 500 startups a decade ago.
• Government initiatives such as Startup India have played a significant role in
promoting entrepreneurship and innovation.
• Women entrepreneurs now constitute a significant share of startup founders,
reflecting the growing participation of women in the Indian startup ecosystem.
About Gujarat:
• Chief Minister: Bhupendra Patel
• Governor: Acharya Devvrat
• Capital: Gandhinagar
• National Parks: Gir National Park, Blackbuck National Park, Vansda National Park,
Marine National Park
• Wildlife Sanctuaries: Nal Sarovar Bird Sanctuary, Velavadar Blackbuck Sanctuary,
Kutch Desert Wildlife Sanctuary, Barda Wildlife Sanctuary, Purna Wildlife Sanctuary
RECENT NEWS
• Gujarat’s semiconductor ecosystem has received a fresh investment push of over
₹1,600 crore. This comes from with proposals from Japan, South Korea and
Malaysia aimed at strengthening the state’s chip manufacturing value chain.

Andhra Pradesh Announces ₹25,000 Incentive for Second and Third Child to Address
Declining Fertility Rate

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• The Government of Andhra Pradesh has

announced a financial incentive of ₹25,000 for
couples who have a second or third child as part
of a population boost policy.
• The initiative was announced by Chief Minister
(CM) N. Chandrababu Naidu to address the
declining fertility rate and rising ageing
population in the state.
• The announcement was made while speaking in the
Legislative Assembly of Andhra Pradesh, where
the CM stated that the scheme aims to encourage
families to have more children and maintain
demographic balance.
• Under the scheme, couples will receive ₹25,000 at the time of delivery for having
a second or third child.
• The initiative aims to increase the Total Fertility Rate (TFR) in the state and
provide financial support to families.
• The ₹25,000 childbirth incentive policy is viewed as a major demographic
intervention aimed at ensuring sustainable population growth.
• According to the state government, the Total Fertility Rate (TFR) in Andhra
Pradesh is around 1.5, which is below the replacement level of 2.1 required to
maintain population stability.
• Government data shows that around 58% of families have only one child, about 2.17
lakh families have two children, and nearly 62 lakh families have three or more
children.
• Earlier, before 2004, state policies promoted smaller families and population
control, including a law disqualifying individuals with more than two children from
contesting local body elections.
• The government is now considering amending this rule to allow individuals with more
than two children to contest elections, reflecting a shift towards encouraging
population growth.
• The move also reflects broader demographic concerns across South India, where
several states are witnessing declining birth rates, ageing populations, and potential
long-term workforce shortages.
• Total Fertility Rate (TFR) refers to the average number of children a woman is
expected to have during her lifetime.
• A TFR of 2.1 is considered the replacement level, meaning the population
remains stable from one generation to the next.
• In India, fertility rates have been declining over the past few decades due to
factors such as urbanization, higher education levels, rising living costs, and
changing career priorities.
• While declining fertility is often linked to economic development, extremely low
fertility rates may lead to ageing populations, labour shortages, and slower
economic growth.
About Andhra Pradesh:
• Chief Minister: N. Chandrababu Naidu
• Governor: S. Abdul Nazeer
• Capital: Amaravati
• National Parks: Sri Venkateswara National Park, Papikonda National Park

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•Wildlife Sanctuaries: Coringa Wildlife Sanctuary, Pulicat Lake Bird Sanctuary,

Kambalakonda Wildlife Sanctuary, Rollapadu Wildlife Sanctuary, Krishna Wildlife
Sanctuary
RECENT NEWS
• In a major clean-energy boost, Andhra Pradesh has secured India’s largest
integrated lithium-ion battery Gigafactory by Waaree Energies with an investment of
₹8,175 crore. The project will be set up at Rambilli in Anakapalli district and is
expected to create around 3,000 direct jobs.

Adani Group Selected as Official Partner for World Engineering Day for Sustainable
Development 2026
• The Adani Group has been selected as the
official partner for World Engineering Day
for Sustainable Development (WED) 2026.
• World Engineering Day for Sustainable
Development is an international observance
recognized by UNESCO (United Nations
Educational, Scientific and Cultural
Organization) and coordinated by the World
Federation of Engineering Organizations
(WFEO).
• The announcement was made on 5 March
2026.
• This marks the first time an Indian organization has been chosen as an official
partner for the global initiative.
• The partnership recognizes engineering innovation that supports sustainable
development and clean energy transition.
• It highlights the role of the Adani Group in renewable energy expansion and
infrastructure development.
• The collaboration will showcase engineering achievements and sustainability
projects undertaken by the Adani Group.
• The recognition also strengthens India’s visibility in the global engineering and
clean energy landscape.
• A key project highlighted under this partnership is the Khavda Renewable Energy
Project in Kutch, Gujarat.
• The project is being developed by Adani Green Energy Limited (AGEL).
• The renewable energy park covers 538 square kilometres and aims to achieve 30
gigawatts (GW) capacity by 2029, making it the world’s largest power plant
across all energy sources.
• Currently, more than 7 GW renewable capacity has already been
operationalized at the site.
• The project will contribute to India’s target of achieving 500 GW non-fossil fuel
power capacity by 2030.
• The Khavda project has been featured by the World Federation of Engineering
Organizations (WFEO) as a major example of engineering innovation for
sustainability.
• The renewable energy park will use India’s largest onshore wind turbine
generators with 5.2 MW capacity.
• It will also deploy bifacial solar photovoltaic modules, which generate electricity
from both sides of the solar panels.

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• Horizontal single-axis trackers will be used to track the sun and increase solar
power generation efficiency.
• The project will be monitored through Adani’s Energy Network Operation Centre
(ENOC) using Artificial Intelligence and Machine Learning technologies.
• Waterless robotic cleaning systems will be used to clean solar panels, helping
address water scarcity in the Kutch region.
• World Engineering Day for Sustainable Development is observed globally on 4
March every year.
• It was proclaimed by UNESCO in 2019 to highlight the role of engineering in
achieving the United Nations Sustainable Development Goals (SDGs).
• The theme of World Engineering Day 2026 is “Smart engineering for a
sustainable future through innovation and digitalization.”
About UNESCO
• Founded: 16 November 1945, London, United Kingdom
• Headquarters: Paris, France
• Deputy Director-General: Xing Qu
RECENT NEWS
• In the State of Maharashtra, the 475-year-old Our Lady of Grace Cathedral in Vasai
has won the prestigious Award of Merit at the 2025 UNESCO Asia-Pacific Awards
for Cultural Heritage Conservation. The announcement was made in Bangkok,
marking global recognition for a remarkable community-funded restoration project.

Kerala Launches ‘MeHEALTH’ Mobile Application to Improve Access to Public

Healthcare Services
• The Kerala Health
Department launched the
MeHEALTH mobile
application to help
citizens easily access information about public healthcare facilities and services
in nearby locations.
• The initiative was announced by Veena George, Health Minister of Kerala.
• The application provides detailed information about hospitals, specialty
departments, laboratory tests and service charges.
• Through the MeHEALTH app, users can also locate blood banks, pharmacies and
radiology services in their nearby areas.
• The platform offers comprehensive information about government healthcare
facilities, enabling citizens to identify the most suitable medical institutions in
their locality.
• A key feature of the application is the “Nearby Services” option, which allows users
to locate healthcare services within a 10-kilometre radius.
• The app provides detailed information about ambulances, blood banks, radiology
services, laboratories and hospital pharmacies, making healthcare services
easier to discover.
• Citizens can book doctor appointments and Out-Patient (OP) tickets online
through the MeHEALTH application.
• This facility is available in hospitals where the Kerala e-Health Project has already
been implemented.
• To use the service, users need to install the application, log in using their mobile
number and One Time Password (OTP), and enter Aadhaar details to generate
a unique health identification number.

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• Once registered, users can schedule hospital visits digitally, which helps reduce
waiting time at hospitals.
• The application also provides information about specialised healthcare facilities
including Janakeeya Aarogya Kendrams (formerly sub-centres), government
homoeopathy hospitals and Karunya pharmacies.
• Users can easily locate these services through options such as “Find Institution”,
“Find Specialties” and “Find Services”.
• The application integrates navigation support using Google Maps, showing the
exact distance and route to hospitals and healthcare facilities.
• This navigation feature helps people reach medical institutions quickly,
especially during emergencies.
About Kerala:
• Chief Minister: Pinarayi Vijayan
• Governor: Rajendra Vishwanath Arlekar
• Capital: Thiruvananthapuram
• National Parks: Eravikulam National Park, Periyar Wildlife Sanctuary, Silent Valley
National Park, Parambikulam Tiger Reserve
• Wildlife Sanctuaries: Wayanad Wildlife Sanctuary, Idukki Wildlife Sanctuary

Sarvam AI Launches ‘Sarvam Startup Program’ to Support Generative AI Startups in

India
• Indian generative Artificial Intelligence startup
Sarvam AI launched the Sarvam Startup
Program to support early-stage startups
developing Artificial Intelligence based
products in India.
• The programme aims to strengthen the Artificial
Intelligence startup ecosystem in India by
providing Application Programming Interface
(API) credits, advanced Artificial Intelligence
tools and direct engineering support.
• The initiative allows developers to focus on product innovation, while Sarvam AI
provides the underlying Artificial Intelligence infrastructure and language models.
• The programme is designed to accelerate innovation in generative Artificial
Intelligence applications across sectors such as education, finance and digital
services.
• Applications for the Sarvam Startup Program are currently open through the
official website of Sarvam AI.
• Features of the Sarvam Startup Program
• Selected startups will receive 6–12 months of Application Programming Interface
(API) credits, depending on usage requirements and project scale.
• Startups will gain access to Artificial Intelligence tools, including
– Speech-to-Text
– Text-to-Speech
– Translation
– Chat Completion
– Document Intelligence APIs
• The programme provides production-ready Artificial Intelligence infrastructure,
reducing the need for complex backend deployment.
• Participating startups will receive priority engineering support from the Sarvam
AI technical team.

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• Sarvam AI will also assist with product launches, case studies and promotional
amplification to improve the visibility of participating startups.
• Contribution to India’s Artificial Intelligence Ecosystem
• The launch reflects the rapid expansion of the Artificial Intelligence ecosystem
in India.
• The initiative aims to empower developers by providing access to high-quality
Artificial Intelligence models and infrastructure.
• It enables startups to develop Artificial Intelligence applications faster without
worrying about backend system development.
• The programme is expected to accelerate generative Artificial Intelligence
innovation in India.
• Multilingual Artificial Intelligence Focus
• A key feature of the programme is its strong focus on multilingual Artificial
Intelligence solutions for India.
• Artificial Intelligence models developed by Sarvam AI support more than 22 Indian
languages along with English.
• This capability helps startups build applications suitable for India’s linguistically
diverse digital population.
• Many global Artificial Intelligence models struggle with accuracy in Indian
languages, creating a technological gap.
• The Sarvam Startup Program addresses this challenge by offering language-
optimised Artificial Intelligence tools built specifically for India.
About Sarvam AI
• Sarvam AI was founded by Vivek Raghavan and Pratyush Kumar.
• The company focuses on developing sovereign generative Artificial Intelligence
infrastructure and foundational models tailored for India.
• Sarvam AI gained attention during the India AI Impact Summit 2026 held in New
Delhi, where its work on Indian language Artificial Intelligence models was
highlighted.

GI-Tagged Karbi Anglong Ginger from Assam Exported to London for the First Time
• Assam achieved a
major milestone in
agricultural exports as
GI-tagged Karbi
Anglong Ginger was
exported to London for the first time.
• The export consignment was flagged off by Assam Agriculture Minister Atul
Bora at Krishi Bhawan, Khanapara in Guwahati, Assam.
• The shipment consisted of a trial consignment of 1.2 metric tonnes, marking the
international debut of Karbi Anglong Ginger from Assam.
• The export initiative was supported by the Agricultural and Processed Food
Products Export Development Authority (APEDA).
• The export highlights the growing global demand for Geographical Indication
(GI) tagged agricultural products from India.
• It is expected to create better income opportunities for farmers in the Karbi
Anglong district of Assam.
• The export to London, United Kingdom represents an important step in promoting
India’s GI-tagged agricultural products in international markets.
• Karbi Anglong Ginger is a well-known agricultural product grown in the Singhasan
Hills of Karbi Anglong district in Assam.

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• It is cultivated as an important cash crop by farmers in the region.

• The crop is grown using traditional Jhum and Tila cultivation methods practiced
in hill regions.
• The ginger variety is widely known for its strong aroma and bold flavour.
• The crop plays a significant role in the local economy of farmers in the Karbi
Anglong region.
• The increasing recognition of Karbi Anglong Ginger has helped promote Assam’s
agricultural identity in domestic and global markets.
• The GI-tagged Karbi Anglong Ginger is known for several distinctive
characteristics.
• It is considered one of the most aromatic and flavourful ginger varieties in India.
• The ginger has high oil content, giving it a strong fragrance.
• It possesses bold flavour and rich pungency.
• The crop is valued for its medicinal properties and strong aroma.
• It has a distinct earthy taste with mild spiciness, making it ideal for cooking.
• These qualities make Karbi Anglong Ginger attractive in international spice
markets.
• The Geographical Indication (GI) tag for Karbi Anglong Ginger was granted in
2015, recognizing its unique origin and characteristics.
• A Geographical Indication (GI) tag identifies products that originate from a
specific region and possess qualities or reputation due to that origin.
• In India, GI tags are governed by the Geographical Indications of Goods
(Registration and Protection) Act, 1999.
• GI tags apply to agricultural products, food items, handicrafts, industrial
products, wines and spirits.
• The validity of a GI tag is 10 years, after which it can be renewed.
• GI protection helps preserve traditional knowledge and protect regional
products from misuse.
• The GI tag enhances the authenticity and global market value of Karbi Anglong
Ginger.
• The export opportunity emerged after an international buyer–seller meet
organised in January 2026, where global buyers interacted with Indian
exporters.
• International buyers showed strong interest in Karbi Anglong Ginger, leading to
the first export consignment.
• If the product quality meets international standards, future shipments are expected
to increase and open new markets for Assam’s agricultural products.
About Assam:
• Chief Minister: Himanta Biswa Sarma
• Governor: Lakshman Prasad Acharya
• Capital: Dispur
• National Parks: Kaziranga National Park, Manas National Park, Dibru-Saikhowa
National Park
• Wildlife Sanctuaries: Pobitora Wildlife Sanctuary, Orang National Park, Bura-Chapori
Wildlife Sanctuary, Nameri Wildlife Sanctuary

Union Home Minister Amit Shah Unveils ‘Pragati’ and ‘Vikas’ Mascots and Digital
Tools for Census 2027

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• Shri Amit Shah, Union Minister of

Home Affairs, soft launched digital
tools and unveiled the official
mascots ‘Pragati’ and ‘Vikas’ for
Census 2027 in New Delhi.
• ‘Pragati’ (female) and ‘Vikas’ (male)
have been introduced as the official
mascots of Census 2027.
• The mascots symbolize gender equality and equal participation of women and
men in national development.
• They will serve as public awareness ambassadors to spread information and
encourage participation in the census exercise.
• The mascots also reflect India’s vision of becoming a developed nation by 2047.
• Census 2027 will be the world’s largest census exercise and will involve more
than 30 lakh enumerators, supervisors and officials across the country.
• For the first time, India’s population census will be conducted fully through
digital technology.
• The census will also introduce a Self-Enumeration option, allowing citizens to
submit their information online before the door-to-door survey.
• The Government of India formally initiated Census 2027 through a Gazette
Notification on 16 June 2025.
• The digital platforms supporting the census operations have been developed by the
Centre for Development of Advanced Computing (C-DAC).
• Four major digital tools have been introduced to support the Census 2027 digital
census system.
• Houselisting Block Creator (HLBC) Web Application is a web-based mapping
tool that helps officials create digital house-listing blocks using satellite
imagery, ensuring accurate geographic coverage and improved planning.
• HLO Mobile Application is a secure offline mobile application for enumerators
that allows officials to collect and upload house listing data directly from the
field.
• The HLO Mobile Application works on Android and iOS platforms and supports
16 regional languages.
• The Self-Enumeration Portal will allow households to submit their census
details online before the door-to-door survey.
• After submission, a Self-Enumeration Identification (SE ID) will be generated
which enumerators will use to verify the submitted information.
• Census Management and Monitoring System (CMMS) is a centralized digital
dashboard used to manage and monitor census operations across the
country.
• Officials at district, sub-district and state levels will be able to track census
progress in real time through CMMS.
• Census 2027 will be conducted in two phases across India.
• Phase 1: Houselisting and Housing Census will collect data on housing
conditions, household facilities and amenities.
• The first phase will be conducted between 1 April 2026 and 30 September 2026.
• A 15-day optional Self-Enumeration period will take place before the door-to-door
houselisting survey.
• Phase 2: Population Enumeration will record demographic, social and economic
information of every individual.
• The second phase will be conducted in February 2027 across India.

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•The caste-related question will also be included in the population enumeration

phase.
• The official reference date for Census 2027 is 00:00 hours on 1 March 2027 for
most states and union territories.
• For Ladakh and snow-bound areas of Jammu & Kashmir, Himachal Pradesh
and Uttarakhand, the reference date will be 1 October 2026.
• Population data will be recorded according to these reference dates during the
census exercise.
RECENT NEWS
• Union Home Minister Amit Shah laid the foundation stone of the 10th Battalion
headquarters of the Assam Police in Kamrup. And asserted that strict action will
continue against infiltration. Addressing a public gathering Amit Shah said Assam is
set to become the industrial hub of eastern and North-Eastern India within the next
five years.

Union Minister Sarbananda Sonowal Lays Foundation Stone for India’s First Riverine
Lighthouses on Brahmaputra
• Union Minister Sarbananda
Sonowal, Ministry of Ports,
Shipping and Waterways
(MoPSW), laid the foundation
stone for India’s first Riverine
Lighthouses on the
Brahmaputra River, marking a major step in strengthening inland water
navigation infrastructure.
• The project will establish four modern Riverine Lighthouses along National
Waterway 2 (NW-2) at Pandu, Bogibeel, Silghat, and Biswanath Ghat.
• The Brahmaputra Riverine Lighthouses Project will be developed with an
investment of ₹84 crore and aims to ensure 24×7 safe navigation, improve cargo
movement, and promote tourism in North-East India.
• The project will be implemented by the Directorate General of Lighthouses and
Lightships (DGLL) in collaboration with the Inland Waterways Authority of India
(IWAI) under the Ministry of Ports, Shipping and Waterways (MoPSW).
• These Riverine Lighthouses represent the first lighthouse infrastructure
installed on an inland waterway in India, marking a new phase in the
development of navigation infrastructure on the Brahmaputra River.
• Each lighthouse will be 20 metres tall, fully solar-powered, and designed to guide
vessels during night navigation and adverse weather conditions.
• The structures will provide navigation guidance up to 14 nautical miles
geographically and about 8–10 nautical miles through luminous range,
enhancing navigation safety.
• Key Features of the Brahmaputra Riverine Lighthouses Project:
– Four locations: Pandu, Bogibeel, Silghat and Biswanath Ghat
– Investment: ₹84 crore
– Height: 20 metres each
– Energy Source: Fully solar-powered
– Navigation Range: Up to 14 nautical miles geographically
• The Riverine Lighthouses are strategically located along National Waterway-2,
one of India’s most important inland water transport corridors.
• Location Details:
– Bogibeel (Dibrugarh district) – Located on the south bank of the Brahmaputra

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River
– Pandu (Kamrup Metropolitan district) – Situated near Guwahati city
– Silghat (Nagaon district) – A major cargo handling point
– Biswanath Ghat (Biswanath district) – Only lighthouse on the north bank of
the Brahmaputra
• These lighthouses will assist vessels navigating the 891-kilometre stretch of
National Waterway-2 from Dhubri to Sadiya.
• The initiative is expected to support the rapid growth of inland water transport in
North-East India.
• Cargo traffic on National Waterway-2 recorded a 53% increase during the
Financial Year 2024-25, indicating rising demand for river transport.
• The Brahmaputra corridor supports transportation of commodities such as tea from
Assam, coal, fertiliser and agricultural products.
• The Riverine Lighthouses will enable round-the-clock navigation, allowing vessels to
move safely even during night hours, thereby strengthening regional supply chains
and reducing dependence on road transport.

INTERNATIONAL NEWS
India–Finland Sign Mobility and Migration Pact During Finnish President’s India Visit
• India and Finland signed a
Mobility and Migration
Partnership Agreement during
the visit of Alexander Stubb,
President of Finland, to India.
• The agreement aims to facilitate
the mobility of professionals,
students, researchers, entrepreneurs, and academics between India and
Finland, strengthening human resource exchange and skill collaboration.
• Both countries set a target to double bilateral trade to USD 2.6 billion by 2030,
supported by progress in India–EU Free Trade Agreement negotiations.
• India and Finland will co-host the 2026 World Circular Economy Forum (WCEF)
in India in collaboration with Sitra and the Ministry of Environment, Forest and
Climate Change.
• Both countries renewed the 2020 Memorandum of Understanding (MoU) on
Environmental Cooperation, expanding partnerships in bioenergy, waste-to-
energy, green hydrogen, renewable energy storage, and solar, wind, and
hydropower technologies.
• A new MoU on Cooperation in Statistics was signed to enhance official data
exchange, statistical methodologies, and policy research collaboration.
• A Joint Task Force on 6G technology will connect the University of Oulu with the
Bharat 6G Alliance to promote next-generation telecom research.
• Both nations will create an Indo–Finland Startup Corridor linking global startup
events such as Slush (Helsinki) and Startup Mahakumbh (New Delhi) to promote
innovation and entrepreneurship ecosystems.
About Finland :
• Capital : Helsinki
• Currency: Euro (EUR).

United Nations Report Says Women Have Only 64% of Legal Rights Compared to Men
Globally

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• The United Nations (UN) released a report titled

“Ensuring and Strengthening Access to Justice for
All Women and Girls”, highlighting global gender
inequality in legal rights.
• The report revealed that women globally hold only 64%
of the legal rights of men in nearly 70% of surveyed
countries, leading to systemic discrimination and
social exclusion.
• In 54% of countries, rape is not legally defined based
on consent, weakening legal protection for women
against sexual violence.
• Digital violence against women and girls is increasing
globally, with limited legal accountability mechanisms
for perpetrators in many countries.
• Laws in nearly 3 out of 4 countries still allow child or forced marriages, showing
continued challenges in gender justice and child protection.
• In 44% of countries, there are no laws ensuring equal pay for equal work, leading
to legal gender-based wage disparities.
• The report confirmed that no country in the world has yet achieved full legal
gender equality between men and women.
• The findings emphasize the need for stronger global legal reforms, women
empowerment policies, and gender-inclusive justice systems.

MOUS AND AGREEMENT

NITI Aayog and UNICEF India Sign Statement of Intent to Improve Nutrition and
Health in Aspirational Districts
• NITI Aayog and UNICEF India signed a Statement of Intent (SOI) to improve
nutrition and health
outcomes in
Aspirational
Districts and
Aspirational Blocks
across India.
• The agreement was
signed by Rohit Kumar, Mission Director of the Aspirational Districts and Blocks
Programme at NITI Aayog, and Arjan de Wagt, Deputy Representative of UNICEF
India.
• The partnership aims to strengthen maternal and child nutrition services in
underserved regions and improve the delivery of health and nutrition
programmes.
• The collaboration will promote multi-stakeholder engagement involving
government institutions, the private sector and community organizations to
address nutrition challenges.
• Both institutions will work together to strengthen implementation systems for
health and nutrition interventions at the block level.
• The initiative is expected to improve maternal and child nutrition outcomes in
high-priority districts across the country.
• The Aspirational Districts Programme (ADP) is the flagship development
programme of the Government of India launched in 2018 to accelerate
development in some of the country’s most underdeveloped districts.

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• The programme focuses on key sectors such as health and nutrition, education,
agriculture, financial inclusion and infrastructure.
• According to NITI Aayog, the programme emphasises data-driven governance,
convergence of schemes and collaborative partnerships.
• The NITI Aayog–UNICEF partnership will further strengthen these strategies by
improving last-mile delivery of health and nutrition services.
• The initiative will also ensure better monitoring and effective implementation of
nutrition-related programmes.
• Under the partnership, UNICEF will leverage its IMPAct4Nutrition (I4N) platform
to support nutrition initiatives.
• The IMPAct4Nutrition platform will help mobilise businesses, public sector
enterprises and industry associations to support nutrition programmes.
• The platform aims to channel Corporate Social Responsibility (CSR) funds into
nutrition-focused initiatives in Aspirational Districts and Aspirational Blocks.
• This approach will strengthen collaboration between government institutions
and private sector partners.
• The partnership will focus on strengthening Anganwadi infrastructure to support
improved child care services.
• It will also work on enhancing nutrition literacy among communities, particularly
mothers and caregivers.
• The collaboration aims to improve the uptake of Integrated Child Development
Services (ICDS) schemes.
• It will also focus on capacity building of frontline workers, including Anganwadi
workers and health staff.
• These initiatives are expected to improve child growth indicators and maternal health
outcomes in underserved regions.
• The partnership will encourage Corporate Social Responsibility investments from
companies and organisations to support nutrition programmes.
• Community participation will be promoted to increase awareness about healthy diets
and child nutrition.
• The collaboration will also establish knowledge-sharing platforms to disseminate
successful models across Aspirational Districts and Blocks.
• These measures aim to create scalable solutions for improving nutrition and
health outcomes across India.

APPOINTMENTS & RESIGNATIONS

President Orders Transfer and Appointment of Governors and Lt Governors in Major
Reshuffle
• President Droupadi Murmu
announced a major reshuffle of
Governors and Lieutenant
Governors for seven States and
two Union Territories ahead of
upcoming Assembly elections.
• R. N. Ravi has been appointed as
the new Governor of West Bengal, replacing C. V. Ananda Bose, who resigned
before the polls.
• Rajendra Vishwanath Arlekar, Governor of Kerala, will hold additional charge of
Tamil Nadu after Ravi’s transfer.
• Shiv Pratap Shukla has been transferred as Governor of Telangana, while
Kavinder Gupta becomes Governor of Himachal Pradesh.

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• Syed Ata Hasnain has been appointed as Governor of Bihar, replacing Arif
Mohammed Khan.
• Jishnu Dev Varma, former Governor of Telangana, will become Governor of
Maharashtra.
• Taranjit Singh Sandhu, former Indian Ambassador to the U.S. and BJP leader,
has been appointed as the new Lieutenant Governor of Delhi.
• Nand Kishore Yadav, former Bihar Assembly Speaker and BJP leader, has been
appointed as Governor of Nagaland.
• Vinai Kumar Saxena, former Lieutenant Governor of Delhi, has been appointed as
Lieutenant Governor of Ladakh, replacing Kavinder Gupta.
• The reshuffle aims to strengthen administrative continuity and manage upcoming
state elections efficiently.

Dr Rajeev Singh Raghuvanshi Reappointed as Drugs Controller General of India

byAppointments Committee of the Cabinet
• The Appointments Committee of the
Cabinet (ACC) chaired by Prime Minister
Narendra Modi approved the
reappointment of Dr. Rajeev Singh
Raghuvanshi as Drugs Controller
General (India) (DCGI) at the Central
Drugs Standard Control Organisation
(CDSCO).
• The reappointment is on a contract basis
for 1 year w.e.f. 1 March 2026, or until a
regular incumbent is appointed, or until
further orders, whichever is earlier.
• Dr. Rajeev Singh Raghuvanshi was initially appointed as DCGI on 23 February
2023, and this decision marks his second tenure extension.
• His first extension was granted in February 2025, extending his tenure until
February 2026 by the Ministry of Personnel, Public Grievances & Pensions.
• The Department of Health and Family Welfare proposed the reappointment, and
the Recruitment Rules (RRs) for the post have been kept in abeyance during the
extension period.
• The Central Drugs Standard Control Organisation (CDSCO) is currently leading
the strict implementation of revised Schedule M, which sets Good Manufacturing
Practice (GMP) standards for the pharmaceutical industry.
• The revised Schedule M implementation has been opposed by several industry
bodies, as it may lead to the closure of thousands of micro, small and medium
pharmaceutical units.
• The Ministry of Health and Family Welfare earlier initiated a deputation-based
recruitment process (ISTC) for the DCGI post in August 2024, but no suitable
candidates were found.
• The tenure extension granted in 2025 was challenged in the Madras High Court,
alleging violation of recruitment rules, but the Central Government defended the
decision, citing the importance of the post and lack of a suitable successor.
• Before becoming DCGI in 2023, Dr. Rajeev Singh Raghuvanshi served as
Secretary-cum-Scientific Director of the Indian Pharmacopoeia Commission
(IPC) from February 2021 to June 2025.
• After his tenure at IPC, Dr. V. Kalaiselvan took charge as the head of the Indian
Pharmacopoeia Commission.

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• In the private sector, he worked as Senior Vice President & Head of

Differentiated Formulations R&D at Dr. Reddy’s Laboratories and also served as
Director at Ranbaxy Research Laboratories.
• Earlier in his career, he worked in Formulation Development at Dabur Research
Foundation and as a Staff Scientist at the National Institute of Immunology.

Fino Payments Bank Chief Executive Officer Rishi Gupta Arrested Over Alleged Tax
Evasion Under GST Laws
• Fino Payments Bank Managing Director (MD) & Chief
Executive Officer (CEO) Rishi Gupta has been arrested under
provisions of the CGST and SGST Act, 2017 for alleged tax
evasion.
• Gupta was arrested under Section 132(1)(a) of the CGST Act
2017 and Section 132(1)(i) of the SGST Act 2017, which deal
with supplying goods or services without issuing invoices with
intent to evade tax.
• Fino Payments Bank held a special Board Meeting to ensure
continuity of operations following the arrest.
• The Board appointed CFO Ketan Merchant as Head of the
Organisation to oversee day-to-day operations until further
resolution or Gupta’s return.
• The incident has been reported to the Reserve Bank of India
(RBI) as part of regulatory compliance.
• Fino Payments Bank, based in Navi Mumbai, was established in
2017, operates under Fino Paytech Limited, and focuses on
digital payments, CASA accounts, and financial inclusion.
• The bank follows an asset-light, merchant-driven model with a
strong PAN-India presence.

ACQUISITIONS & MERGERS

Reserve Bank of India Clears Bain Capital to Acquire Up to 41.66% Stake in
Manappuram Finance
• The Reserve Bank of India (RBI) granted final
approval to Bain Capital to acquire joint control
and up to 41.66% stake in Manappuram
Finance Limited, a Non-Banking Financial
Company (NBFC).
• In March 2025, Bain Capital signed an
agreement to invest ₹4,385 crore for an 18%
fully diluted stake in Manappuram Finance at a
price of ₹236 per share.
• Depending on the open-offer acceptance, Bain
Capital’s final shareholding in Manappuram
Finance is expected to increase to between 18%
and 41.7%.
• On a fully diluted basis, the existing
promoters of Manappuram Finance will retain around 28.9% stake in the company.
• Manappuram Finance Limited is a NBFC specialising in gold-backed loans, with
an approximate loan book of ₹315 billion, focusing mainly on India’s growing gold
loan segment.

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DEFENCE NEWS
Defence Research and Development Organisation Ghatak UCAV Programme
Advances with Proposal for 60 Drones
• India’s indigenous stealth combat drone Ghatak
UCAV is being developed by the Defence Research
and Development Organisation (DRDO) for the armed
forces.
• The Defence Procurement Board (DPB) has
recommended the procurement of 60 Ghatak UCAVs,
which now requires final approval from the Defence
Acquisition Council (DAC).
• Ghatak UCAV is a stealth flying-wing drone designed
with a low radar cross-section and an internal
weapons bay for covert operations.
• The drone is capable of deep-strike missions in heavily defended airspace,
targeting high-value assets without risking pilots.
• Ghatak can operate autonomously or alongside manned aircraft to suppress or
destroy enemy air defences, including radar stations and missile systems, and
strike strategic infrastructure with precision-guided munitions.
• According to the Indian Air Force’s Vision 2047, unmanned systems will
complement, but not fully replace, manned fighter aircraft in the foreseeable future.
• The Indian Air Force (IAF) has fully endorsed the Ghatak UCAV programme,
emphasising its strategic importance for future combat operations.
Recent News :
• In March 2026, The Defence Research and Development Organisation (DRDO)
under the Ministry of Defence (MoD) successfully conducted three consecutive
flight trials of the indigenously developed Very Short-Range Air Defence
System (VSHORADS).
About DRDO:
• Founded: 1958
• Headquarters: New Delhi, India
• Parent Ministry: Ministry of Defence, Government of India
• Chairman: Dr. Samir V. Kamat

SCIENCE & TECHNOLOGY

Indian Institute of Science Bengaluru Unveils Brain–AI Co-Processor Moonshot
Research Initiative
• The Indian Institute of Science (IISc),
Bengaluru, launched a “moonshot” project to
develop AI-enabled brain co-processors
aimed at enhancing or restoring brain
functions.
• The project is supported by Pratiksha Trust,
founded by Infosys co-founder Kris
Gopalakrishnan and Sudha Gopalakrishnan.
Key Highlights :
• The initiative focuses on developing neuromorphic hardware integrated with
Artificial Intelligence (AI) algorithms to decode brain signals, process them
using AI, and send corrective neural feedback signals to the brain.
• The technology aims to improve cognitive rehabilitation, especially for stroke
survivors suffering from motor function loss caused by cerebral artery strokes.

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• Brain co-processors are emerging neurotechnology devices designed to

augment or restore natural brain functions using closed-loop AI systems.
• These closed-loop neuro-devices can continuously record neural activity,
interpret signals using AI, and provide neural stimulation or neurofeedback.
• The project will develop both non-invasive and implantable neural devices
capable of supporting sensorimotor coordination and movement recovery.
• In Phase 1, researchers will build non-invasive neural co-processors to assist
goal-directed movements such as reaching and grasping.
• In Phase 2, development will focus on minimally invasive embedded co-
processors for patients with chronic neurological disorders.
• A key objective is to build indigenous neurotechnology capabilities in India,
including neuromorphic computing systems, AI software stacks, and
implantable hardware.
• Researchers will create India-specific brain datasets, including stereo EEG and
electrocorticography (ECoG) recordings, to improve AI model training for
neuroapplications.
• Open-source AI tools and digital public datasets will be developed as public
research resources.
• The project is part of IISc’s Brain, Computation and Data Science Programme,
involving 20+ multidisciplinary faculty members from neuroscience,
bioelectronics, electrical engineering, and neuromorphic computing.
• IISc will collaborate with neurologists, therapists, and international research
institutions to ensure clinical validation and real-world healthcare deployment.
• The technology may significantly advance neuro-rehabilitation science and
support medical innovation in brain-computer interface research.

RANKING AND INDEX

Top 10 Richest People in the World – March 2026 (Forbes Real-Time Billionaires List)
• According to the Forbes Real-Time
Billionaires List (5 March 2026), Elon
Musk remains the richest person in the
world with an estimated net worth of 841.4
billion US dollars.
• Elon Musk’s wealth is over 500 billion US
dollars higher than the second richest
individual, representing one of the largest
wealth gaps ever recorded in global
billionaire rankings.
• Major sources of Elon Musk’s wealth include Tesla, SpaceX, and investments in
artificial intelligence and technology ventures.
• Analysts suggest that Elon Musk could become the world’s first trillionaire,
particularly if SpaceX launches a successful public listing.
• Top 10 Richest People in the World (March 2026)
• R • Person • Net • Major Business
a Worth
n
k
• 1 • Elon Musk • $841.4 • Tesla, SpaceX
Billion
• 2 • Larry Page • $250.5 • Google
Billion
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• 3 • Sergey Brin • $231.2 • Google

Billion
• 4 • Jeff Bezos • $229.7 • Amazon
Billion
• 5 • Mark Zuckerberg • $228.9 • Meta Platforms
Billion (Facebook)
• 6 • Larry Ellison • $197.1 • Oracle
Billion
• 7 • Jensen Huang • $158.5 • Nvidia
Billion
• 8 • Bernard Arnault & • $157.1 • LVMH
family Billion
• 9 • Rob Walton & • $145.9 • Walmart
family Billion
• 1 • Warren Buffett • $144.1 • Berkshire Hathaway
0 Billion
• Important Developments in the 2026 Rankings
• Elon Musk’s wealth increased by around 64 billion US dollars within one month,
strengthening his position at the top.
• Rob Walton and his family entered the Top 10 list at 9th position, surpassing
Amancio Ortega, founder of Zara.
• The list highlights the dominance of technology entrepreneurs, including
– Larry Page and Sergey Brin (Google)
– Mark Zuckerberg (Meta Platforms)
– Jensen Huang (Nvidia)
• This reflects the growing influence of the technology sector in global wealth
creation.
• Country Representation in the Top 10
• United States of America – 8 billionaires
• France – 1 billionaire represented by Bernard Arnault, Chairman of LVMH
• Other countries – 1 billionaire
• The dominance of the United States of America highlights its strong technology
ecosystem and global investment leadership.

Daily CA One- Liner: March 7

• The Government of Gujarat launched herSTART 5.0, a major initiative aimed at
strengthening women-led startups and entrepreneurship in the state
• The Government of Andhra Pradesh has announced a financial incentive of
₹25,000 for couples who have a second or third child as part of a population
boost policy
• The Adani Group has been selected as the official partner for World Engineering
Day for Sustainable Development (WED) 2026
• The Kerala Health Department launched the MeHEALTH mobile application to
help citizens easily access information about public healthcare facilities and
services in nearby locations
• Indian generative Artificial Intelligence startup Sarvam AI launched the Sarvam
Startup Program to support early-stage startups developing Artificial
Intelligence based products in India

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• Assam achieved a major milestone in agricultural exports as GI-tagged Karbi

Anglong Ginger was exported to London for the first time
• Shri Amit Shah, Union Minister of Home Affairs, soft launched digital tools and
unveiled the official mascots ‘Pragati’ and ‘Vikas’ for Census 2027 in New
Delhi
• Union Minister Sarbananda Sonowal, Ministry of Ports, Shipping and Waterways
(MoPSW), laid the foundation stone for India’s first Riverine Lighthouses on the
Brahmaputra River, marking a major step in strengthening inland water
navigation infrastructure
• NITI Aayog and UNICEF India signed a Statement of Intent (SOI) to improve
nutrition and health outcomes in Aspirational Districts and Aspirational Blocks
across India
• According to the Forbes Real-Time Billionaires List (5 March 2026), Elon Musk
remains the richest person in the world with an estimated net worth of 841.4
billion US dollars.
• Bank of Baroda (BoB) raised ₹10,000 crore through Series I Long-Term Green
Infrastructure Bonds to support sustainable infrastructure financing in India.
• State Bank of India (SBI) has been ranked the strongest Indian bank globally,
securing 16th position worldwide and 7th position in Asia Pacific with an AAA+
brand strength rating in the Brand Finance Banking 500 Report 2026.
• The Securities and Exchange Board of India (SEBI) has deployed an in-house
Artificial Intelligence (AI) system named ‘Sudarshan’ to strengthen digital
surveillance of financial content across online platforms.
• DEG (Deutsche Investitions- und Entwicklungsgesellschaft mbH) and Citibank
N.A. jointly provided a co-financing lending facility of USD 76 million (around Rs
630 crore) to Shriram Finance Limited (SFL), one of India’s largest Non-Banking
Financial Companies (NBFCs), to promote financial inclusion and sustainable
mobility in India.
• Motilal Oswal Home Finance Limited (MOHFL) signed a USD 100 million debt
financing agreement with the Asian Development Bank (ADB) to expand
affordable housing finance in India.
• Generali Central Insurance Company Limited, a joint venture between
Assicurazioni Generali (Generali Group) and Central Bank of India, launched the
“Happy Women’s Pay” campaign to promote gender pay equality.
• India and Finland signed a Mobility and Migration Partnership Agreement during
the visit of Alexander Stubb, President of Finland, to India.
• The United Nations (UN) released a report titled “Ensuring and Strengthening
Access to Justice for All Women and Girls”, highlighting global gender
inequality in legal rights.
• President Droupadi Murmu announced a major reshuffle of Governors and
Lieutenant Governors for seven States and two Union Territories ahead of
upcoming Assembly elections.
• The Appointments Committee of the Cabinet (ACC) chaired by Prime Minister
Narendra Modi approved the reappointment of Dr. Rajeev Singh Raghuvanshi as
Drugs Controller General (India) (DCGI) at the Central Drugs Standard Control
Organisation (CDSCO).
• Fino Payments Bank Managing Director (MD) & Chief Executive Officer (CEO)
Rishi Gupta has been arrested under provisions of the CGST and SGST Act, 2017
for alleged tax evasion.

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• The Reserve Bank of India (RBI) granted final approval to Bain Capital to acquire
joint control and up to 41.66% stake in Manappuram Finance Limited, a Non-
Banking Financial Company (NBFC).
• India’s indigenous stealth combat drone Ghatak UCAV is being developed by the
Defence Research and Development Organisation (DRDO) for the armed forces.
• The Indian Institute of Science (IISc), Bengaluru, launched a “moonshot”
project to develop AI-enabled brain co-processors aimed at enhancing or
restoring brain functions.

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