Language:
Daily Current Affairs & GK
Latest updates for SSC, Banking, Railways & State Exams
Advertisement
IRDAI proposes Ind AS adoption for all insurers wef April 1, 2026In March 2026, the Insurance Regulatory and Development Authority of India (IRDAI) released an exposure draft of the IRDAI (Actuarial, Finance and Investment Functions of Insurers) (Amendment) Regulations, 2026, along with a detailed consultation paper proposing to implement Indian Accounting Standards (Ind AS).Key HighlightsEffective from: The proposed implementation will be effective from April 1, 2026.Applies to: The proposed implementation shall apply to all categories of insurers, including Life Insurers, General Insurers, Health Insurers, and Reinsurers.Purpose: The transition to Ind AS would enhance global comparability, introduce market-consistent measurement of liabilities, improve performance disclosures, and strengthen governance and risk management practices.Existing Framework: Currently, the insurers prepare financial statements under Insurance Act, 1938 and IRDAI regulations.The existing framework lacks global comparability, market-consistent valuation, and transparency in financial reporting.
IRDAI proposes Ind AS adoption for all insurers wef April 1, 2026In March 2026, the Insurance Regulatory and Development Authority of India (IRDAI) released an exposure draft of the IRDAI (Actuarial, Finance and Investment Functions of Insurers) (Amendment) Regulations, 2026, along with a detailed consultation paper proposing to implement Indian Accounting Standards (Ind AS).Key HighlightsEffective from: The proposed implementation will be effective from April 1, 2026.Applies to: The proposed implementation shall apply to all categories of insurers, including Life Insurers, General Insurers, Health Insurers, and Reinsurers.Purpose: The transition to Ind AS would enhance global comparability, introduce market-consistent measurement of liabilities, improve performance disclosures, and strengthen governance and risk management practices.Existing Framework: Currently, the insurers prepare financial statements under Insurance Act, 1938 and IRDAI regulations.The existing framework lacks global comparability, market-consistent valuation, and transparency in financial reporting.
IRDAI proposes Ind AS adoption for all insurers wef April 1, 2026In March 2026, the Insurance Regulatory and Development Authority of India (IRDAI) released an exposure draft of the IRDAI (Actuarial, Finance and Investment Functions of Insurers) (Ame...
Indian Navy Signs Contract with Shoft Shipyard for 4 Self-Propelled Fuel Barges In March 2026, the Indian Navy (IN) signed a contract with M/s Shoft Shipyard Private Limited,Thane, Maharashtra, for the construction of four 500-tonne Self-Propelled Fuel Barges to strengthen naval logistics and fuel supply operations.About Fuel Barges:Design: The fuel barges will be constructed in accordance with the Indian Register of Shipping (IRS) classification rules, ensuring high standards of quality and safety.Function: It will primarily support naval logistics operations by supplying fuel to Indian Naval Ships(INS) and submarines in harbours and anchorage areas, ensuring continuous fuel availability for naval assets.Alignment: The project supports the Government of India(GoI)’s initiatives such as ‘Make in India’ and ‘Aatmanirbhar Bharat’, aimed at strengthening indigenous defence manufacturing.
Indian Navy Signs Contract with Shoft Shipyard for 4 Self-Propelled Fuel Barges In March 2026, the Indian Navy (IN) signed a contract with M/s Shoft Shipyard Private Limited,Thane, Maharashtra, for the construction of four 500-tonne Self-Propelled Fuel Barges to strengthen naval logistics and fuel supply operations.About Fuel Barges:Design: The fuel barges will be constructed in accordance with the Indian Register of Shipping (IRS) classification rules, ensuring high standards of quality and safety.Function: It will primarily support naval logistics operations by supplying fuel to Indian Naval Ships(INS) and submarines in harbours and anchorage areas, ensuring continuous fuel availability for naval assets.Alignment: The project supports the Government of India(GoI)’s initiatives such as ‘Make in India’ and ‘Aatmanirbhar Bharat’, aimed at strengthening indigenous defence manufacturing.
Indian Navy Signs Contract with Shoft Shipyard for 4 Self-Propelled Fuel Barges In March 2026, the Indian Navy (IN) signed a contract with M/s Shoft Shipyard Private Limited,Thane, Maharashtra, for the construction of four 500-tonne Self-Propelled Fu...
Sponsored Advertisement
MoD Signs Rs 5,083 crore Contracts for ALH Mk-III (MR) and VL-Shtil MissilesIn March 2026, the Ministry of Defence (MoD) signed defence procurement contracts worth Rs.5,083 crore for the acquisition of Advanced Light Helicopters (ALH) Mk-III (Maritime Role) for the Indian Coast Guard (ICG) and Surface-to-Air Vertical Launch(VL) – Shtil missile systems for the Indian Navy (IN).The contracts were signed in the presence of Rajesh Kumar Singh, Secretary, MoD at South Block, New Delhi, Delhi.Key Details of Contract:ALH Mk-III (Maritime Role) Helicopters: The MoD signed a contract worth Rs.2,901 crore with Hindustan Aeronautics Limited (HAL) for the procurement of six Advanced Light Helicopters (ALH) Mk-III (Maritime Role), including operational role equipment, engineering support package, and performance-based logistics support, for the ICG.Surface-to-Air VL– Shtil Missiles: The MoD also signed a contract worth Rs.2,182 crore with JSC Rosoboronexport, Russian Federation for the procurement of Surface-to-Air VL – Shtil missiles along with associated missile holding frames for the IN.
MoD Signs Rs 5,083 crore Contracts for ALH Mk-III (MR) and VL-Shtil MissilesIn March 2026, the Ministry of Defence (MoD) signed defence procurement contracts worth Rs.5,083 crore for the acquisition of Advanced Light Helicopters (ALH) Mk-III (Maritime Role) for the Indian Coast Guard (ICG) and Surface-to-Air Vertical Launch(VL) – Shtil missile systems for the Indian Navy (IN).The contracts were signed in the presence of Rajesh Kumar Singh, Secretary, MoD at South Block, New Delhi, Delhi.Key Details of Contract:ALH Mk-III (Maritime Role) Helicopters: The MoD signed a contract worth Rs.2,901 crore with Hindustan Aeronautics Limited (HAL) for the procurement of six Advanced Light Helicopters (ALH) Mk-III (Maritime Role), including operational role equipment, engineering support package, and performance-based logistics support, for the ICG.Surface-to-Air VL– Shtil Missiles: The MoD also signed a contract worth Rs.2,182 crore with JSC Rosoboronexport, Russian Federation for the procurement of Surface-to-Air VL – Shtil missiles along with associated missile holding frames for the IN.
MoD Signs Rs 5,083 crore Contracts for ALH Mk-III (MR) and VL-Shtil MissilesIn March 2026, the Ministry of Defence (MoD) signed defence procurement contracts worth Rs.5,083 crore for the acquisition of Advanced Light Helicopters (ALH) Mk-III (Maritim...
CGA Launches Government Bank Dashboard & Government Bank Manual to Strengthen Government TransactionsIn March 2026, the Controller General of Accounts (CGA) T.C.A. Kalyani launched two major initiatives the Government Bank Dashboard and the Government Bank Manual in New Delhi, Delhi to improve the governance and efficiency of banks handling government transactions.The initiatives aim to strengthen transparency, standardize procedures, and enhance monitoring of government banking operations across India.Government Bank Dashboard:The Government Bank Dashboard serves as a real-time monitoring tool to transition from reactive corrections to proactive oversight.Key Performance Indicators (KPIs): It tracks transaction success rates, scroll compliance, and remittance timelines.Government Bank Manual: The Government Bank Manual establishes a standardized operational framework for all banks conducting government business.Standardization: It defines uniform procedures for reporting obligations and reconciliation timelines.Risk Management: The manual aims to mitigate operational risk and reduce ambiguity in transaction processing.
CGA Launches Government Bank Dashboard & Government Bank Manual to Strengthen Government TransactionsIn March 2026, the Controller General of Accounts (CGA) T.C.A. Kalyani launched two major initiatives the Government Bank Dashboard and the Government Bank Manual in New Delhi, Delhi to improve the governance and efficiency of banks handling government transactions.The initiatives aim to strengthen transparency, standardize procedures, and enhance monitoring of government banking operations across India.Government Bank Dashboard:The Government Bank Dashboard serves as a real-time monitoring tool to transition from reactive corrections to proactive oversight.Key Performance Indicators (KPIs): It tracks transaction success rates, scroll compliance, and remittance timelines.Government Bank Manual: The Government Bank Manual establishes a standardized operational framework for all banks conducting government business.Standardization: It defines uniform procedures for reporting obligations and reconciliation timelines.Risk Management: The manual aims to mitigate operational risk and reduce ambiguity in transaction processing.
CGA Launches Government Bank Dashboard & Government Bank Manual to Strengthen Government TransactionsIn March 2026, the Controller General of Accounts (CGA) T.C.A. Kalyani launched two major initiatives the Government Bank Dashboard and the Governmen...
Sponsored Advertisement
Union Minister Dr Mansukh Mandaviya Chairs 239th meeting of CBT & EPF in New Delhi In March 2026, Union Minister Dr. Mansukh Mandaviya, Ministry of Labour & Employment (MoL&E), chaired the 239th meeting of the Central Board of Trustees (CBT), Employees’ Provident Fund (EPF) in New Delhi, Delhi.The board has recommended to retain the interest rate of Provident Fund (PF) deposits at 8.25% for Financial Year 2025-26(FY26).Highlights of 239th meeting of CBT & EPF:Amnesty Scheme for Exempted Establishments: The Board approved a one-time Amnesty Scheme, designed to address compliance issues related to income tax–recognized trusts.Alignment of existing Schemes: The CBT has also approved the notification of new social security schemes: EPF Scheme, 2026, Employees Pension Scheme (EPS, 2026); and Employees’s Deposit Linked Insurance (EDLI) Scheme, 2026.Others: The Board has also approved a pilot project for auto-initiation of claim settlement in inoperative EPFO accounts with unclaimed balances of Rs 1,000 or less. The Board approved the Institute of Banking Personnel Selection (IBPS) to conduct direct recruitment and promotion examinations on behalf of EPFO.
Union Minister Dr Mansukh Mandaviya Chairs 239th meeting of CBT & EPF in New Delhi In March 2026, Union Minister Dr. Mansukh Mandaviya, Ministry of Labour & Employment (MoL&E), chaired the 239th meeting of the Central Board of Trustees (CBT), Employees’ Provident Fund (EPF) in New Delhi, Delhi.The board has recommended to retain the interest rate of Provident Fund (PF) deposits at 8.25% for Financial Year 2025-26(FY26).Highlights of 239th meeting of CBT & EPF:Amnesty Scheme for Exempted Establishments: The Board approved a one-time Amnesty Scheme, designed to address compliance issues related to income tax–recognized trusts.Alignment of existing Schemes: The CBT has also approved the notification of new social security schemes: EPF Scheme, 2026, Employees Pension Scheme (EPS, 2026); and Employees’s Deposit Linked Insurance (EDLI) Scheme, 2026.Others: The Board has also approved a pilot project for auto-initiation of claim settlement in inoperative EPFO accounts with unclaimed balances of Rs 1,000 or less. The Board approved the Institute of Banking Personnel Selection (IBPS) to conduct direct recruitment and promotion examinations on behalf of EPFO.
Union Minister Dr Mansukh Mandaviya Chairs 239th meeting of CBT & EPF in New Delhi In March 2026, Union Minister Dr. Mansukh Mandaviya, Ministry of Labour & Employment (MoL&E), chaired the 239th meeting of the Central Board of Trustees (CBT), Employe...
Overview of Canadian PM Mark Carney’s visit to India from February 27 – March 2, 2026Mark Carney, Prime Minister (PM) of Canada, paid an official visit to India from 27th February to 2nd March 2026, at the invitation of PM Narendra Modi, marking his first official visit to India since his predecessor Justin Trudeau visited India in 2018 to attend the Group of Twenty (G-20) summit.Highlights of the Visit:Visit to Mumbai, New Delhi: On February 27, 2026, Canadian PM Mark Carney arrived in Mumbai(Maharashtra) to strengthen bilateral relations between India and Canada, with a focus on trade, energy, and Artificial Intelligence (AI).PM Narendra Modi and PM Mark Carney held delegation-level talks on 2 March 2026 at Hyderabad House in New Delhi, Delhi.The leaders launched negotiations for the Comprehensive Economic Partnership Agreement (CEPA) with the release of Terms of Reference (ToR).Target: India set a bilateral trade goal of USD 50 billion by 2030, focusing on sectors such as pharmaceuticals, iron and steel, seafood, cotton garments, electronics, chemicals, pulses, coal, fertilizers, paper, and crude petroleum.MoUs: Several Memoranda of Understanding (MoUs) were exchanged between India and Canada across sectors such as Artificial Intelligence (AI), healthcare, agriculture, innovation, education, and culture.
Overview of Canadian PM Mark Carney’s visit to India from February 27 – March 2, 2026Mark Carney, Prime Minister (PM) of Canada, paid an official visit to India from 27th February to 2nd March 2026, at the invitation of PM Narendra Modi, marking his first official visit to India since his predecessor Justin Trudeau visited India in 2018 to attend the Group of Twenty (G-20) summit.Highlights of the Visit:Visit to Mumbai, New Delhi: On February 27, 2026, Canadian PM Mark Carney arrived in Mumbai(Maharashtra) to strengthen bilateral relations between India and Canada, with a focus on trade, energy, and Artificial Intelligence (AI).PM Narendra Modi and PM Mark Carney held delegation-level talks on 2 March 2026 at Hyderabad House in New Delhi, Delhi.The leaders launched negotiations for the Comprehensive Economic Partnership Agreement (CEPA) with the release of Terms of Reference (ToR).Target: India set a bilateral trade goal of USD 50 billion by 2030, focusing on sectors such as pharmaceuticals, iron and steel, seafood, cotton garments, electronics, chemicals, pulses, coal, fertilizers, paper, and crude petroleum.MoUs: Several Memoranda of Understanding (MoUs) were exchanged between India and Canada across sectors such as Artificial Intelligence (AI), healthcare, agriculture, innovation, education, and culture.
Overview of Canadian PM Mark Carney’s visit to India from February 27 – March 2, 2026Mark Carney, Prime Minister (PM) of Canada, paid an official visit to India from 27th February to 2nd March 2026, at the invitation of PM Narendra Modi, marking his ...
Sponsored Advertisement
Civil Accounts Day 2026 – March 1Civil Accounts Day is observed annually on March 1 in India to mark the foundation day of the Indian Civil Accounts Service (ICAS), functioning under the Department of Expenditure(DoE), Ministry of Finance (MoF).March 1, 2026 marks the 50th Civil Accounts Day.Role of ICAS in Public Financial Management:Reform: The Government of India(GoI) initiated a major reform in Public Financial Management in 1976.Establishment of ICAS: As a result, the ICAS was established to handle government accounts and financial management.ICAS was carved out from the Indian Audit & Accounts Service (IA & AS), initially through an Ordinance amending the CAG’s (Duties, Powers and Conditions of Service) Amendment Act, 1976.Enactment of Act: Later, the Departmentalisation of Union Accounts (Transfer of Personnel) Act, 1976 was passed by Parliament and assented to by the President of India on 8th April 1976, with effect retroactive from 1st March 1976, marking the foundation of ICAS.
Civil Accounts Day 2026 – March 1Civil Accounts Day is observed annually on March 1 in India to mark the foundation day of the Indian Civil Accounts Service (ICAS), functioning under the Department of Expenditure(DoE), Ministry of Finance (MoF).March 1, 2026 marks the 50th Civil Accounts Day.Role of ICAS in Public Financial Management:Reform: The Government of India(GoI) initiated a major reform in Public Financial Management in 1976.Establishment of ICAS: As a result, the ICAS was established to handle government accounts and financial management.ICAS was carved out from the Indian Audit & Accounts Service (IA & AS), initially through an Ordinance amending the CAG’s (Duties, Powers and Conditions of Service) Amendment Act, 1976.Enactment of Act: Later, the Departmentalisation of Union Accounts (Transfer of Personnel) Act, 1976 was passed by Parliament and assented to by the President of India on 8th April 1976, with effect retroactive from 1st March 1976, marking the foundation of ICAS.
Civil Accounts Day 2026 – March 1Civil Accounts Day is observed annually on March 1 in India to mark the foundation day of the Indian Civil Accounts Service (ICAS), functioning under the Department of Expenditure(DoE), Ministry of Finance (MoF).March...
World Seagrass Day 2026 – March 1The United Nations (UN’s) World Seagrass Day is observed annually on 1 March worldwide to raise global awareness about the vital role of seagrass ecosystems in preserving marine biodiversity, maintaining ocean health, and supporting climate change mitigation and adaptation.1 March 2026 marks the observance of the 4th World Seagrass Day.Background:Resolution: On 23 May 2022, the United Nations General Assembly (UNGA) adopted Resolution A/RES/76/265 declaring 1 March as World Seagrass Day.First Observance: The first World Seagrass Day was observed globally on 1 March 2023.Organisers: The UNGA invited the United Nations Environment Programme (UNEP) to facilitate the observance of World Seagrass Day, which is co-organised by key global bodies including International Union for Conservation of Nature (IUCN), Convention on Biological Diversity (CBD), UN-Oceans, United Nations Framework Convention on Climate Change (UNFCCC), World Wildlife Fund (WWF), Ramsar Secretariat (RS), United Nations Office for Disaster Risk Reduction (UNDRR), Global Environment Facility (GEF), and the Commonwealth Secretariat (CS).
World Seagrass Day 2026 – March 1The United Nations (UN’s) World Seagrass Day is observed annually on 1 March worldwide to raise global awareness about the vital role of seagrass ecosystems in preserving marine biodiversity, maintaining ocean health, and supporting climate change mitigation and adaptation.1 March 2026 marks the observance of the 4th World Seagrass Day.Background:Resolution: On 23 May 2022, the United Nations General Assembly (UNGA) adopted Resolution A/RES/76/265 declaring 1 March as World Seagrass Day.First Observance: The first World Seagrass Day was observed globally on 1 March 2023.Organisers: The UNGA invited the United Nations Environment Programme (UNEP) to facilitate the observance of World Seagrass Day, which is co-organised by key global bodies including International Union for Conservation of Nature (IUCN), Convention on Biological Diversity (CBD), UN-Oceans, United Nations Framework Convention on Climate Change (UNFCCC), World Wildlife Fund (WWF), Ramsar Secretariat (RS), United Nations Office for Disaster Risk Reduction (UNDRR), Global Environment Facility (GEF), and the Commonwealth Secretariat (CS).
World Seagrass Day 2026 – March 1The United Nations (UN’s) World Seagrass Day is observed annually on 1 March worldwide to raise global awareness about the vital role of seagrass ecosystems in preserving marine biodiversity, maintaining ocean health,...
Sponsored Advertisement
Dr Mansukh Mandaviya Releases Book ‘Mahatma: A Great Communicator’ in New DelhiIn March 2026, Union Minister Mansukh Mandaviya, Ministry of Labour & Employment(MoL&E) and Ministry of Youth Affairs & Sports(MYAS), released the book titled “Mahatma: A Great Communicator” at a function held at Gandhi Darshan, Rajghat, in New Delhi, Delhi.The book was authored by Dr Dhiraj Kakadia, Additional Director General(DG) of Akashvani.About Book:Theme: The book examines the life of Mahatma Gandhi, focusing on the impact of his communication skills during India’s freedom struggle.Objective: The book seeks to create public awareness and encourage individuals to learn from the life of Mahatma Gandhi and incorporate his ideals into their daily lives.Publication: It has been published by Navajivan Trust in three languages—Hindi, English and Gujarati.
Dr Mansukh Mandaviya Releases Book ‘Mahatma: A Great Communicator’ in New DelhiIn March 2026, Union Minister Mansukh Mandaviya, Ministry of Labour & Employment(MoL&E) and Ministry of Youth Affairs & Sports(MYAS), released the book titled “Mahatma: A Great Communicator” at a function held at Gandhi Darshan, Rajghat, in New Delhi, Delhi.The book was authored by Dr Dhiraj Kakadia, Additional Director General(DG) of Akashvani.About Book:Theme: The book examines the life of Mahatma Gandhi, focusing on the impact of his communication skills during India’s freedom struggle.Objective: The book seeks to create public awareness and encourage individuals to learn from the life of Mahatma Gandhi and incorporate his ideals into their daily lives.Publication: It has been published by Navajivan Trust in three languages—Hindi, English and Gujarati.
Dr Mansukh Mandaviya Releases Book ‘Mahatma: A Great Communicator’ in New DelhiIn March 2026, Union Minister Mansukh Mandaviya, Ministry of Labour & Employment(MoL&E) and Ministry of Youth Affairs & Sports(MYAS), released the book titled “Mahatma: A ...
VP CP Radhakrishnan Releases 16 publications on renowned Tamil scholars, heritage, architecture & cultureIn March 2026, Vice President (VP) Chandrapuram Ponnusami (C.P.) Radhakrishnan released 16 books published by the Publications Division of the Ministry of Information and Broadcasting (MIB) at Uparashtrapati Bhavan in New Delhi, Delhi.Of the total publications released, 14 are based on the Tamil language and remaining two are in Hindi (01) and English (01).Key Details of Publications:Tamil Titles: The publications include wide spectrum of Tamil titles such as: Rameswaram, a spiritual link between North and South India; Ramanujar, the life and philosophy of Sri Ramanuja; the historic Nadukal tradition; the ancient port town Arikaimedu, Bakthi Ilakkiyam, Iyarkai Velanmai, Pazhanthamizhan Isai Karuvigal, Tamizhaga Naattar Deivangal, Pudhiya Ariviyal Thozhilnutpangal, Bankim Chandra Chatterji, Madurai Meenakshi Amman Temple, Thanjavur Peruvudayar Koil, Manimegalai, and Mahavidwan Meenakshi Sundaram Pillai.The Tamil book on Rameswaram details the temple’s sacred sites, architecture, sculptures, and deities, referencing the Puranas and literary sources.Book on Bankim Chandra Chatterjee: VP also released a book on Bankim Chandra Chatterjee, written by S.K. Bose, in 3 different languages i.e. in English, Hindi and Tamil.The book explores the life and times of Bankim Chandra and his exemplary contribution to the Indian literary movement.
VP CP Radhakrishnan Releases 16 publications on renowned Tamil scholars, heritage, architecture & cultureIn March 2026, Vice President (VP) Chandrapuram Ponnusami (C.P.) Radhakrishnan released 16 books published by the Publications Division of the Ministry of Information and Broadcasting (MIB) at Uparashtrapati Bhavan in New Delhi, Delhi.Of the total publications released, 14 are based on the Tamil language and remaining two are in Hindi (01) and English (01).Key Details of Publications:Tamil Titles: The publications include wide spectrum of Tamil titles such as: Rameswaram, a spiritual link between North and South India; Ramanujar, the life and philosophy of Sri Ramanuja; the historic Nadukal tradition; the ancient port town Arikaimedu, Bakthi Ilakkiyam, Iyarkai Velanmai, Pazhanthamizhan Isai Karuvigal, Tamizhaga Naattar Deivangal, Pudhiya Ariviyal Thozhilnutpangal, Bankim Chandra Chatterji, Madurai Meenakshi Amman Temple, Thanjavur Peruvudayar Koil, Manimegalai, and Mahavidwan Meenakshi Sundaram Pillai.The Tamil book on Rameswaram details the temple’s sacred sites, architecture, sculptures, and deities, referencing the Puranas and literary sources.Book on Bankim Chandra Chatterjee: VP also released a book on Bankim Chandra Chatterjee, written by S.K. Bose, in 3 different languages i.e. in English, Hindi and Tamil.The book explores the life and times of Bankim Chandra and his exemplary contribution to the Indian literary movement.
VP CP Radhakrishnan Releases 16 publications on renowned Tamil scholars, heritage, architecture & cultureIn March 2026, Vice President (VP) Chandrapuram Ponnusami (C.P.) Radhakrishnan released 16 books published by the Publications Division of the Mi...
Sponsored Advertisement