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Daily Current Affairs 27th March 2026 Daily GK Update
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National News
9th PharmaMed 2026 to be Held in New Delhi with Focus on Healthcare Equity
- The Department of Pharmaceuticals under the Ministry of Chemicals and Fertilizers, in collaboration with the PHD Chamber of Commerce and Industry, will organise the 9th PharmaMed 2026 in New Delhi.
- The event will be held under the theme “Healthcare Equity: Reaching Every Citizen of Viksit Bharat”, focusing on inclusive and accessible healthcare for all citizens.
International News
World Bank Flags Bangladesh in ‘Red Category’ Amid Prolonged Food Inflation Crisis
- The World Bank has placed Bangladesh in the ‘red category’ due to consistently high food inflation over the past 10 months, signalling serious food security concerns.
- The red category indicates a high risk of food insecurity, meaning people may struggle to afford or access sufficient food.
- Along with Bangladesh, 13 other countries, including Ethiopia, Nigeria, Ukraine, and Russia, have remained in this category for the same duration.
- Other countries on the World Bank list of high food inflation have moved between red, purple, yellow, and green categories over the past year.
About Bangladesh
- Capital– Dhaka
- Currency – Taka
- President – Mohammed Shahabuddin Chuppu
- Prime Minister – Tarique Rahman
Banking And Financial News
Government Retains 4% Inflation Target Framework for 2026–2031 Period
- The Ministry of Finance has decided to retain India’s inflation targeting framework unchanged for another five-year period from April 1, 2026 to March 31, 2031.
- The inflation target remains at 4%, with a tolerance band of 2% to 6%, ensuring price stability while supporting economic growth.
- This marks the third consecutive five-year term (2026–2031) of the same framework, following earlier periods 2016–2021 and 2021–2026.
- Under Section 45ZA of the RBI Act, the government, in consultation with the Reserve Bank of India, sets the inflation target every five years; the framework was first introduced on 5 August 2016.
SEBI Partners with Google to Curb Misleading Finfluencers, Introduces Verified Tick System
- The Securities and Exchange Board of India has partnered with Google to curb the misleading activities of financial influencers (finfluencers) and protect investors.
- SEBI Chairperson Tuhin Kanta Pandey announced that Google will use Artificial Intelligence (AI) to identify and remove rule-violating financial content online.
- A ‘tick mark verification system’ has also been introduced, where a verified badge will appear next to apps of registered intermediaries to ensure authenticity and build investor trust.
Paisalo Digital Partners with Indian Overseas Bank as BC
- Paisalo Digital Limited has been appointed as a Business Correspondent (BC) partner for Indian Overseas Bank, expanding its Banking-as-a-Service (BaaS) platform, which already includes State Bank of India and Bank of India.
- The new partnership adds a third public sector bank to Paisalo’s BC network, strengthening its reach in delivering last-mile banking services across rural and semi-urban areas.
- Through this network, Paisalo provides services such as account opening, deposits & withdrawals, remittances, and social security schemes, enhancing financial inclusion at the grassroots level.
CCI Approves MUFG’s ₹39,618 Crore Investment in Shriram Finance
- The Competition Commission of India has approved Mitsubishi UFJ Financial Group Bank’s ₹39,618 crore investment in Shriram Finance Ltd, marking the largest FDI in India’s NBFC sector.
- MUFG will acquire a 20% stake in Shriram Finance through this ₹39,618 crore ($4.4 billion) deal, surpassing the previous record investment in RBL Bank by around 47%.
- The deal, expected to close by April 2026, will help MUFG expand into India’s rural and MSME lending market, while strengthening Shriram Finance’s capital base and balance sheet.
L&T Finance Joins UN Global Compact
- L&T Finance Ltd has become a signatory to the United Nations Global Compact, the world’s largest corporate sustainability initiative, marking a major step in its sustainability journey.
- By joining UNGC, the company commits to integrating Environmental, Social, and Governance (ESG) principles into its core business strategy and operations.
- The move aligns L&T Finance with global standards on human rights, labour, environment, and anti-corruption, reinforcing its commitment to ethical practices, sustainable development goals, and long-term value creation.
Svatantra Microfin Merger Completed, Emerges as India’s Second-Largest NBFC-MFI
- Svatantra Microfin Private Limited has completed its merger with Chaitanya India Fin Credit Private Limited and Svatantra Holding Private Limited, after approvals from the National Company Law Tribunal, Reserve Bank of India, Competition Commission of India, and BSE Limited, making it the second-largest NBFC-MFI in India.
- The merged entity now has a consolidated AUM of around ₹22,000 crore, operates through 2,200 branches across 20 states, employs 25,000 people, and serves nearly 5 million customers, mainly in microfinance and unbanked segments.
CBIC Enables Payment Aggregator on ICEGATE
- The Central Board of Indirect Taxes and Customs has enabled payment aggregator as an authorised mode on the ICEGATE platform to simplify customs duty payments.
- Importers can now pay duties using credit/debit cards, UPI, and internet banking, with the number of supported banks increasing from 23 to 41, alongside existing modes like NEFT/RTGS via Reserve Bank of India.
- Currently, banks like ICICI Bank, Indian Overseas Bank, State Bank of India, and HDFC Bank are onboarded, with more banks to be added in future for seamless and instant transactions.
S&P Global Raises India’s GDP Growth Forecast to 7.1% for FY27
- S&P Global Ratings has raised India’s GDP growth forecast for FY 2026–27 by 40 basis points to 7.1%, indicating a positive economic outlook.
- It has also revised the growth estimate for FY 2025–26 upward by 0.4 percentage points to 7.6%, reflecting stronger-than-expected economic performance.
GDP Projection List 2026
- S&P Global Ratings – 7.6% (FY26); 7.1% (FY27)
- Fitch Rating – 7.5% (FY26); 6.7% (FY27)
- CRISIL – 7.1% (FY27)
- Moody’s Rating – 6.45 (FY27)
- Goldman Sachs –9% (FY26)
- IMF – 7.3% (FY26)
Sports News
Kal Somani-Led Consortium Acquires Rajasthan Royals for $1.63 Billion in Landmark IPL Deal
- Rajasthan Royals has been acquired with 100% ownership by a consortium led by Kal Somani at a valuation of $1.63 billion (₹15,286 crore), signaling a major boost in IPL franchise value ahead of 2026.
- The deal was facilitated by Raine Group, with Somani—earlier a minority investor—now taking full control of the franchise.
- The consortium includes key investors like Rob Walton and the Hamp family (owners of the Detroit Lions), making it one of the largest private equity investments in Indian sports history.
Omaxe to Name ‘Pink Stand’ After Harmanpreet Kaur at Dwarka Cricket Stadium
- Omaxe Limited will name a stand at its upcoming cricket stadium in Dwarka after Harmanpreet Kaur, honouring her contribution to Indian women’s cricket.
- The stand, located in the North Pavilion Lower Bowl of the 30,000-seater stadium, will feature over 1,500 seats and be India’s first dedicated “Pink Stand” designed for women and families.
Important Days
25 March – International Day of Solidarity with Detained and Missing Staff Members
- The International Day of Solidarity with Detained and Missing Staff Members is observed annually on 25 March to honour staff members who have been detained, kidnapped, or gone missing while serving globally.
- The day was proclaimed by the United Nations in 1993 and also marks the anniversary of the abduction of journalist Alec Collett.
March 26 – Purple Day of Epilepsy
- Purple Day of Epilepsy is observed every year on 26 March to raise awareness about Epilepsy and support people living with the condition.
- Theme 2026 – #EpilepsyPledge
- The day was founded in 2008 by Cassidy Megan, a young girl from Canada, to encourage open discussion and reduce stigma.
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