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Daily Current Affairs 2nd March 2026 Daily GK Update
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National News
President Murmu Launches Delhi Lakhpati Bitiya Yojana at Indira Gandhi Indoor Stadium
- President Droupadi Murmu will launch the Delhi Lakhpati Bitiya Yojana at the Indira Gandhi Indoor Stadium, replacing and expanding the earlier Ladli Scheme.
- Under the previous Ladli Scheme, ₹11,000 (institutional birth) and ₹10,000 (home birth) were deposited, along with ₹5,000 at key stages such as admission to Classes 1, 6, 9, passing Class 10, and admission to Class 12.
- The revamped scheme significantly enhances financial assistance and broadens its vision to ensure greater support for girl children.
- The scheme is applicable to Delhi-resident families (minimum 3 years) with annual income up to ₹1.20 lakh, and is inspired by the vision of Narendra Modi to promote daughters’ education, dignity, and self-reliance.
India and Israel Partner to Boost Blue Economy with Technology-Driven Fisheries and Aquaculture Initiatives
- India and Israel signed an MoU to boost India’s blue economy and coastal livelihoods through technology-driven, sustainable fisheries and aquaculture practices.
- The agreement promotes professional collaboration via Indo–Israel Centres of Excellence (CoEs) and technical cooperation, including setting up an oceanarium in India.
- Key focus areas include advanced Recirculating Aquaculture Systems (RAS), water reuse, automation, climate-resilient farming, and strengthening aquatic disease management.
Over Rs. 275 Crore Released to Jharkhand under XV Finance Commission to Strengthen Rural Governance
- The Union Government released over 275 crore under the XV Finance Commission to strengthen Panchayati Raj Institutions and Rural Local Bodies in Jharkhand.
- The 2nd installment of Untied Grants for FY 2024–25 will benefit 24 District Panchayats, 253 Block Panchayats, and 4,342 Gram Panchayats across the state.
About Jharkhand
- Capital – Ranchi
- Chief Minister – Hemant Soren
- Governor – Santosh Kumar Gangwar
CGA Launches Government Bank Manual and Dashboard to Strengthen Governance and Efficiency
- CGA T.C.A. Kalyani launched the Government Bank Manual and Government Bank Dashboard to enhance governance and efficiency in banks handling government transactions.
- The Government Bank Manual provides standardised procedures, reporting obligations, reconciliation timelines, and compliance requirements to reduce ambiguity and operational risk.
- The Government Bank Dashboard enables real-time, data-driven monitoring of government banking functions, tracking KPIs like remittance timelines, reconciliation status, and transaction success rates.
- These initiatives institutionalize uniform procedures, reinforce accountability, and pave the way for digital integration, cybersecurity, advanced analytics, and capacity building in government banking operations.
PM Narendra Modi Inaugurates Micron’s ATMP Facility in Sanand
- PM Narendra Modi inaugurated the Semiconductor Assembly, Test and Packaging (ATMP) facility of Micron Technology in Sanand, marking the start of commercial production and shipment of India-made semiconductor memory modules.
- The facility strengthens India’s role in the global semiconductor value chain and symbolises a crucial technology partnership between India and the United States, especially in chips and AI sectors.
- Under Semiconductor Mission 2.0, a pan-India semiconductor ecosystem is emerging—from Sanand to Noida and Assam—signaling India’s shift from software strength to hardware manufacturing leadership.
India Welcomes Nine Cheetahs from Botswana to Kuno National Park
- Bhupender Yadav announced the arrival of nine cheetahs (six females and three males) from Botswana to Kuno National Park.
- The new arrivals have strengthened the population under Project Cheetah, boosting India’s wildlife conservation efforts.
- With this addition, India now has a total of 48 cheetahs, including 28 India-born cubs, indicating a growing and thriving population.
Larsen & Toubro Secures ₹1,000–2,500 Crore Contract to Build LIGO Observatory in Maharashtra
- Larsen & Toubro secured a contract from India’s Department of Atomic Energy to construct the Laser Interferometer Gravitational Wave Observatory (LIGO) in Aundha, Hingoli district, Maharashtra.
- The ₹1,000–2,500 crore project includes high-precision civil infrastructure, an 8 km ultra-high vacuum beam tube, and advanced vacuum equipment.
- Scheduled for completion in 48 months, the interferometer-based observatory will detect gravitational waves and is set to become one of India’s flagship mega science projects.
International News
Denmark Becomes First EU Country to Eliminate Mother-to-Child Transmission of HIV and Syphilis
- Denmark became the first European Union country to eliminate mother-to-child transmission (EMTCT) of HIV and syphilis, as certified by the World Health Organisation (WHO).
- The validation by WHO’s Regional and Global committees confirmed Denmark met all targets from 2021–2024, including low transmission rates and high prenatal testing and treatment coverage.
- Denmark’s success is attributed to low HIV and syphilis rates among pregnant women, routine testing, and effective treatment, reducing mother-to-child transmission to zero.
UAE Launches World’s First Sovereign Financial Cloud to Strengthen Secure Digital Finance
- The Central Bank of the United Arab Emirates (CBUAE) launched the world’s first Sovereign Financial Cloud Services Infrastructure (SFCSI) to strengthen secure and regulated digital finance in the UAE.
- Developed in partnership with Core42 (a subsidiary of G42), the platform provides a secure, AI-powered cloud environment exclusively for the UAE’s financial sector.
- The sovereign cloud ensures data sovereignty by keeping critical financial data within national jurisdiction, embedding regulatory controls and cybersecurity safeguards directly into its architecture.
Banking And Financial News
RBI Imposes Rs 11.50 Lakh Penalty on Mahindra & Mahindra Financial Services
- Mahindra & Mahindra Financial Services Limited was imposed a monetary penalty of Rs 11.50 lakh by the Reserve Bank of India (RBI) due to violations found during the annual inspection for FY ending March 31, 2025.
- The company disclosed the penalty to the stock exchange under SEBI’s Regulation 30 for material events, as per listing obligations.
Recent Penalties imposed on Financial Institution
- UCO Bank (₹38.60 lakh) by RBI – for non-compliance with certain regulatory directions
- Bank of Maharashtra (₹32.50 lakh) by RBI – for non-compliance with regulatory directions.
- DCB Bank (₹29.60 lakh) by RBI – for non-compliance with regulatory directions.
- CSB Bank (₹63.60 lakh) by RBI – for non-compliance with regulatory directions.
- Navi Finserv (₹3.80 lakh) by RBI – for regulatory lapses related to customer communication, asset classification, and recovery practices
Sports News
Jammu & Kashmir Clinch First-Ever Ranji Trophy Title
- Jammu and Kashmir’s Ranji cricket team won their first-ever Ranji Trophy title, defeating eight-time champions Karnataka at Hubballi.
- The team ended a 67-year wait for the prestigious domestic First-Class cricket title with a dominant performance.
- Jammu and Kashmir secured the crown with a massive 291-run first-innings lead, extending their overall advantage to 633 runs to seal the historic victory.
Important Days
1 March – World Civil Defence Day
- World Civil Defence Day is observed every year on 1 March to recognise and honour civil defence organisations and volunteers who help protect people from disasters, emergencies, and risks through preparedness and response efforts.
- Theme 2026 – Managing Environmental Risk for a Resilient Future: A Civil Defense Perspective
- The day highlights the importance of disaster prevention, risk reduction, public safety education, and emergency response training, encouraging communities to be more resilient and prepared.
1 March – Zero Discrimination Day
- Zero Discrimination Day is observed every year on 1 March to promote equality and stand against all forms of discrimination worldwide.
- The day was launched by UNAIDS to highlight the importance of inclusion, compassion, peace, and the right of every individual to live with dignity.
3 March – World Wildlife Day
- World Wildlife Day is observed every year on 3 March to raise awareness about the conservation of wild animals and plants.
- Theme 2026 – Medicinal and Aromatic Plants: Conserving Health, Heritage and Livelihoods
- The day was proclaimed by the United Nations General Assembly in 2013, marking the adoption of CITES in 1973.
- It highlights the importance of biodiversity conservation and supports global efforts under the Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES).
3 March – World Hearing Day
- World Hearing Day is observed every year on 3 March to raise awareness about hearing loss and promote ear and hearing care globally.
- Theme 2026 – From communities to classrooms: hearing care for all children
- The day is organised by the World Health Organisation (WHO) to encourage early detection and prevention of hearing impairment.
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