Daily Current Affairs and GK March 2, 2026 | UPSC SSC Bank Exam Prep | National and International
Here is the comprehensive Current Affairs and GK brief for March 2, 2026, specifically prepared and optimized for UPSC, SSC, Banking, and Railway exam preparation.
National & Polity
India-Canada Strategic Reset: Prime Minister Narendra Modi and Canadian PM Mark Carney signed a landmark Uranium supply deal. They set a bilateral trade target of $50 billion by 2030 and committed to finalizing a Comprehensive Economic Partnership Agreement (CEPA).
Bureau of Energy Efficiency (BEE) at 25: BEE celebrated its 25th Foundation Day (established March 1, 2002). Key launches included:
RCO Portal: For real-time monitoring of Renewable Consumption Obligations.
BEE Star Label App: Allowing consumers to scan QR codes for appliance energy data.
Nagpur Industrial Disaster: Police arrested nine directors of SBL Energy Limited following a massive explosion at their explosives manufacturing unit in Nagpur, which resulted in 19 fatalities.
AI in Judiciary: The Supreme Court took notice of a trial court relying on AI-generated "fake" verdicts. The Bench stated that using non-existent judgments generated by AI amounts to judicial misconduct.
Sabarimala Resolution: The Travancore Devaswom Board (TDB) passed a resolution opposing the 2018 SC verdict that allowed women of all ages to enter the Sabarimala Temple, citing the need to uphold traditional customs.
Economy & Banking
Deferred Customs Duty: The CBIC (Central Board of Indirect Taxes and Customs) introduced a deferred payment facility for "Eligible Manufacturer Importers" (EMI) to ease working capital pressure, effective from March 1, 2026.
Sixteenth Finance Commission: Chaired by Arvind Panagariya, the commission's recommendations are set to cover the five-year award period starting from April 1, 2026 (2026–27 to 2030–31).
GST Evasion Crackdown: UP Police dismantled a massive racket involving 1,200 bogus firms across 20 states used to evade GST.
Arbitrage Funds: In focus due to market volatility; these funds exploit price differences between the cash and futures markets (or different exchanges like NSE and BSE).
International & Defence
Operation Epic Fury (West Asia War): The US-Israel military operation against Iran entered its third day.
Friendly Fire Incident: US Central Command (CENTCOM) confirmed that three F-15E Strike Eagles were mistakenly shot down by Kuwaiti air defenses during active combat.
Indian Casualty: An Indian crew member was reportedly killed in a drone boat attack on an oil tanker off the coast of Oman.
Strait of Hormuz: Iran has effectively closed the chokepoint, reducing global shipping traffic by 70% and causing a surge in oil prices and insurance premiums.
VSHORADS: DRDO's Very Short-Range Air Defence System remained in the news following successful trials. (Range: 8 km; Altitude: 4.5 km).
Science & Environment
Semiconductor Milestone: Micron Technology’s ATMP (Assembly, Testing, Marking, and Packaging) facility in Sanand, Gujarat, is nearing full-scale production of DRAM and NAND Flash memory.
Nilgiri Wood Pigeon: A new study warns that this bird, endemic to the Western Ghats, may lose its habitat to isolated pockets by the end of the century due to climate change.
Space Re-entry: ISRO and international agencies tracked a major space debris re-entry event, highlighting the need for sustainable space traffic management.
Important Days (March 2)
| Day | Context / Significance |
| World Obesity Day (observed) | Theme 2026: "8 Billion Reasons to Act on Obesity". |
| BEE Foundation Day | 25th anniversary of the Bureau of Energy Efficiency. |
Static GK & Exam Snippets
Bureau of Energy Efficiency (BEE): Statutory body under the Ministry of Power, established under the Energy Conservation Act, 2001.
Ichamati River: A trans-boundary river flowing through India (West Bengal) and Bangladesh.
Guru Tegh Bahadur: The 9th Sikh Guru; 2026 marks the 350th year of his martyrdom (Shaheedi Samagam).
Amondawa Tribe: An indigenous group in the Amazon rainforest (Brazil) known for having no linguistic concept of abstract time (clocks or calendars).
