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MoD Signs Contracts Worth Rs. 858 Crore to Strengthen Defence Capabilities of IA and INIn March 2026, the Ministry of Defence (MoD) signed two contracts worth Rs. 858 crores with Russia and the United States of America (USA) based companies to procure advanced air defence systems for the Indian Army (IA) and maintain maritime reconnaissance aircraft for the Indian Navy (IN), strengthening India’s military capabilities and reinforcing defence ties.Key Detail of Contracts:Tunguska Air Defence Missile System: A Rs.445 crore contract by the Ministry of Defence (MoD) with JSC Rosoboronexport, Russia, enables acquisition of Tunguska Air Defence Missile Systems to strengthen capabilities.P-8I Aircraft Maintenance: A Rs.413 crore contract by the Ministry of Defence (MoD) with Boeing India Defense Private Limited (BDI), USA, covers Depot-Level Inspection (DLI) of P-8I Long-Range Maritime Reconnaissance (LRMR) aircraft.Defence Proposals: The Defence Acquisition Council (DAC), chaired by Union Minister Rajnath Singh, Ministry of Defence (MoD), granted Acceptance of Necessity (AoN) for various defence procurement proposals worth approximately Rs 2.38 lakh crore, aimed at enhancing the operational capabilities of the IA, Indian Air Force (IAF), and Indian Coast Guard (ICG).
MoD Signs Contracts Worth Rs. 858 Crore to Strengthen Defence Capabilities of IA and INIn March 2026, the Ministry of Defence (MoD) signed two contracts worth Rs. 858 crores with Russia and the United States of America (USA) based companies to procure advanced air defence systems for the Indian Army (IA) and maintain maritime reconnaissance aircraft for the Indian Navy (IN), strengthening India’s military capabilities and reinforcing defence ties.Key Detail of Contracts:Tunguska Air Defence Missile System: A Rs.445 crore contract by the Ministry of Defence (MoD) with JSC Rosoboronexport, Russia, enables acquisition of Tunguska Air Defence Missile Systems to strengthen capabilities.P-8I Aircraft Maintenance: A Rs.413 crore contract by the Ministry of Defence (MoD) with Boeing India Defense Private Limited (BDI), USA, covers Depot-Level Inspection (DLI) of P-8I Long-Range Maritime Reconnaissance (LRMR) aircraft.Defence Proposals: The Defence Acquisition Council (DAC), chaired by Union Minister Rajnath Singh, Ministry of Defence (MoD), granted Acceptance of Necessity (AoN) for various defence procurement proposals worth approximately Rs 2.38 lakh crore, aimed at enhancing the operational capabilities of the IA, Indian Air Force (IAF), and Indian Coast Guard (ICG).
MoD Signs Contracts Worth Rs. 858 Crore to Strengthen Defence Capabilities of IA and INIn March 2026, the Ministry of Defence (MoD) signed two contracts worth Rs. 858 crores with Russia and the United States of America (USA) based companies to procur...
India’s First Hydrogen Train Completes Successful Oscillation TrialsIn March 2026, Union Minister Ashwini Vaishnaw, Ministry of Railways (MoR) announced the successful completion of the oscillation trials for India’s first hydrogen-powered trainset.Key Details of Test Trial:Conducted by: The test was conducted by the Research Designs and Standards Organisation (RDSO) as part of the evaluation process.Route: As per MoR, India’s first hydrogen-powered train will run between Jind and Sonipat in Haryana.Manufacturer: The train is developed by Chennai(Tamil Nadu, TN)-based Integral Coach Factory (ICF).Key Accomplishments: During the oscillation trial, the hydrogen train covered a total distance of 20 kilometres (kms) with a maximum speed of 70 km per hour (kmph) on the railway track.
India’s First Hydrogen Train Completes Successful Oscillation TrialsIn March 2026, Union Minister Ashwini Vaishnaw, Ministry of Railways (MoR) announced the successful completion of the oscillation trials for India’s first hydrogen-powered trainset.Key Details of Test Trial:Conducted by: The test was conducted by the Research Designs and Standards Organisation (RDSO) as part of the evaluation process.Route: As per MoR, India’s first hydrogen-powered train will run between Jind and Sonipat in Haryana.Manufacturer: The train is developed by Chennai(Tamil Nadu, TN)-based Integral Coach Factory (ICF).Key Accomplishments: During the oscillation trial, the hydrogen train covered a total distance of 20 kilometres (kms) with a maximum speed of 70 km per hour (kmph) on the railway track.
India’s First Hydrogen Train Completes Successful Oscillation TrialsIn March 2026, Union Minister Ashwini Vaishnaw, Ministry of Railways (MoR) announced the successful completion of the oscillation trials for India’s first hydrogen-powered trainset....
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World Theatre Day 2026 – March 27World Theatre Day is observed annually on 27 March to celebrate the cultural importance of theatre and its role in promoting global unity.27 March 2026 marks the 64th observance of World Theatre Day.
World Theatre Day 2026 – March 27World Theatre Day is observed annually on 27 March to celebrate the cultural importance of theatre and its role in promoting global unity.27 March 2026 marks the 64th observance of World Theatre Day.
World Theatre Day 2026 – March 27World Theatre Day is observed annually on 27 March to celebrate the cultural importance of theatre and its role in promoting global unity.27 March 2026 marks the 64th observance of World Theatre Day....
IOC Announces New Policy on Protection of the Female (Women’s) Category in Olympic SportIn March 2026, the International Olympic Committee (IOC) Executive Board approved a landmark policy titled ‘Protection of the Female (Women’s) Category in Olympic Sport,’ replacing the 2021 framework without retroactive application and set to take effect from the Los Angeles 2028 (LA28) Olympic Games which is scheduled to be held in July 14-30, 2028 in the United States of America (USA).The policy aims to uphold fairness, safety, and integrity by protecting the rights of female athletes and ensuring equal competition based on scientific evidence.About IOC Female Eligibility Policy:Criteria: Sex-determining Region Y Gene Screening (SRY) requires athletes to be SRY-negative to compete in female categories, citing biological advantages in strength, power, and endurance.Ineligibility: SRY-positive athletes, including XY transgender individuals and those with androgen-sensitive Differences/Disorders of Sex Development (DSD), are ineligible for female events but may compete in other categories, with exceptions for Complete Androgen Insensitivity Syndrome (CAIS) and certain DSD cases without testosterone advantage.Implementation: The policy applies to all IOC events, including the Olympic Games, Youth Olympics, and qualifiers, and is implemented by National Olympic Committees (NOCs) and International Federations (IFs) under joint oversight.
IOC Announces New Policy on Protection of the Female (Women’s) Category in Olympic SportIn March 2026, the International Olympic Committee (IOC) Executive Board approved a landmark policy titled ‘Protection of the Female (Women’s) Category in Olympic Sport,’ replacing the 2021 framework without retroactive application and set to take effect from the Los Angeles 2028 (LA28) Olympic Games which is scheduled to be held in July 14-30, 2028 in the United States of America (USA).The policy aims to uphold fairness, safety, and integrity by protecting the rights of female athletes and ensuring equal competition based on scientific evidence.About IOC Female Eligibility Policy:Criteria: Sex-determining Region Y Gene Screening (SRY) requires athletes to be SRY-negative to compete in female categories, citing biological advantages in strength, power, and endurance.Ineligibility: SRY-positive athletes, including XY transgender individuals and those with androgen-sensitive Differences/Disorders of Sex Development (DSD), are ineligible for female events but may compete in other categories, with exceptions for Complete Androgen Insensitivity Syndrome (CAIS) and certain DSD cases without testosterone advantage.Implementation: The policy applies to all IOC events, including the Olympic Games, Youth Olympics, and qualifiers, and is implemented by National Olympic Committees (NOCs) and International Federations (IFs) under joint oversight.
IOC Announces New Policy on Protection of the Female (Women’s) Category in Olympic SportIn March 2026, the International Olympic Committee (IOC) Executive Board approved a landmark policy titled ‘Protection of the Female (Women’s) Category in Olympic...
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Olympic & World Badminton Champion Carolina Marín Announces RetirementIn March 2026, Spanish Olympic and World Badminton Champion Carolina María Marín Martín announced her retirement from professional badminton at the age of 32 after failing to fully recover from a third serious knee injury.Achievements:Olympics: She won the Olympic gold medal at the 2016 Rio de Janeiro Games(Brazil), becoming the first non-Asian woman to claim the singles badminton title.World Titles: Secured World Championships three times in 2014, 2015, and 2018, becoming the first woman to achieve this feat.Ranking: Held the World Number One ranking for a record of 66 weeks during her career.
Olympic & World Badminton Champion Carolina Marín Announces RetirementIn March 2026, Spanish Olympic and World Badminton Champion Carolina María Marín Martín announced her retirement from professional badminton at the age of 32 after failing to fully recover from a third serious knee injury.Achievements:Olympics: She won the Olympic gold medal at the 2016 Rio de Janeiro Games(Brazil), becoming the first non-Asian woman to claim the singles badminton title.World Titles: Secured World Championships three times in 2014, 2015, and 2018, becoming the first woman to achieve this feat.Ranking: Held the World Number One ranking for a record of 66 weeks during her career.
Olympic & World Badminton Champion Carolina Marín Announces RetirementIn March 2026, Spanish Olympic and World Badminton Champion Carolina María Marín Martín announced her retirement from professional badminton at the age of 32 after failing to fully...
Sikkim’s Stuti Pradhan Selected for World Youth Parliament 2026In March 2026, Stuti Pradhan, a young leader from Sikkim, was selected to represent India at the World Youth Parliament (WYP), highlighting India’s growing youth role in global policy, leadership, and diplomacy on issues like climate change, education, and sustainable development.WYP is an international platform that unites young delegates from countries including South Korea, the United Arab Emirates(UAE), Kuwait, Chad, Thailand, Yemen, and others to discuss global challenges and develop youth-led policy solutions.About Stuti Pradhan:Background: Stuti Pradhan is recognized for excellence in parliamentary debate, leadership qualities, and debate performance.Achievement: Secured the state winner title at Viksit Bharat Youth Parliament 2025, demonstrating strong parliamentary and policy skills.Recognition: Honored as a special guest at Lok Bhawan, Sikkim during Republic Day 2026 for her notable accomplishments.
Sikkim’s Stuti Pradhan Selected for World Youth Parliament 2026In March 2026, Stuti Pradhan, a young leader from Sikkim, was selected to represent India at the World Youth Parliament (WYP), highlighting India’s growing youth role in global policy, leadership, and diplomacy on issues like climate change, education, and sustainable development.WYP is an international platform that unites young delegates from countries including South Korea, the United Arab Emirates(UAE), Kuwait, Chad, Thailand, Yemen, and others to discuss global challenges and develop youth-led policy solutions.About Stuti Pradhan:Background: Stuti Pradhan is recognized for excellence in parliamentary debate, leadership qualities, and debate performance.Achievement: Secured the state winner title at Viksit Bharat Youth Parliament 2025, demonstrating strong parliamentary and policy skills.Recognition: Honored as a special guest at Lok Bhawan, Sikkim during Republic Day 2026 for her notable accomplishments.
Sikkim’s Stuti Pradhan Selected for World Youth Parliament 2026In March 2026, Stuti Pradhan, a young leader from Sikkim, was selected to represent India at the World Youth Parliament (WYP), highlighting India’s growing youth role in global policy, le...
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RSP Leader Balendra Shah Sworn-in as Youngest PM of Nepal On 27 March 2026, Balendra Shah(35), a leader of the Rastriya Swatantra Party (RSP) and former rapper, was sworn in as the youngest Prime Minister(PM) of Nepal, after his party secured a landslide victory in the parliamentary elections held on March 5, 2026.Nepal’s President Ram Chandra Paudel administered the oath of office and secrecy to Balendra Shah during a swearing-in ceremony held at the President’s Office in Sheetal Niwas, Kathmandu(Nepal).Key Details:Succession: Balendra Shah succeeded Sushila Karki, who served as the Interim PM for six months following the political upheaval of 2025.Seats Secured: The RSP, under the leadership of Balendra Shah, secured a massive 182 seats out of a total of 275 seats in the House of Representatives (HoR).The RSP crossed the simple majority threshold of 138 seats, enabling it to form the first majority government under Nepal’s current federal framework.
RSP Leader Balendra Shah Sworn-in as Youngest PM of Nepal On 27 March 2026, Balendra Shah(35), a leader of the Rastriya Swatantra Party (RSP) and former rapper, was sworn in as the youngest Prime Minister(PM) of Nepal, after his party secured a landslide victory in the parliamentary elections held on March 5, 2026.Nepal’s President Ram Chandra Paudel administered the oath of office and secrecy to Balendra Shah during a swearing-in ceremony held at the President’s Office in Sheetal Niwas, Kathmandu(Nepal).Key Details:Succession: Balendra Shah succeeded Sushila Karki, who served as the Interim PM for six months following the political upheaval of 2025.Seats Secured: The RSP, under the leadership of Balendra Shah, secured a massive 182 seats out of a total of 275 seats in the House of Representatives (HoR).The RSP crossed the simple majority threshold of 138 seats, enabling it to form the first majority government under Nepal’s current federal framework.
RSP Leader Balendra Shah Sworn-in as Youngest PM of Nepal On 27 March 2026, Balendra Shah(35), a leader of the Rastriya Swatantra Party (RSP) and former rapper, was sworn in as the youngest Prime Minister(PM) of Nepal, after his party secured a lands...
GoI Kept Inflation Target at 4% for 2026-31 PeriodIn March 2026, the Government of India (GoI) kept the inflation target unchanged i.e. 4% for the next 5 years (from April 01, 2026 to March 31, 2031), ,marking the 2nd consecutive instance of inflation targets unchanged.As per the official notification issued by the Department of Economic Affairs (DEA), Ministry of Finance (MoF), the decision was taken by the MoF in consultation with the Reserve Bank of India (RBI), in exercise of powers given by Section 45ZA of RBI Act, 1934 (2 of 1934).Key Details:Upper and Lower Limit: The notification has clarified that upper tolerance level of inflation at 6% and lower tolerance level at 2% for the same time period (i.e. from April 2026 to March 2031).Inflation Target Framework: The inflation target is set under India’s Flexible Inflation Targeting (FIT) framework, introduced in 2016. This framework mandates the Reserve Bank of India (RBI) to maintain inflation at a specified level, with a tolerance band.
GoI Kept Inflation Target at 4% for 2026-31 PeriodIn March 2026, the Government of India (GoI) kept the inflation target unchanged i.e. 4% for the next 5 years (from April 01, 2026 to March 31, 2031), ,marking the 2nd consecutive instance of inflation targets unchanged.As per the official notification issued by the Department of Economic Affairs (DEA), Ministry of Finance (MoF), the decision was taken by the MoF in consultation with the Reserve Bank of India (RBI), in exercise of powers given by Section 45ZA of RBI Act, 1934 (2 of 1934).Key Details:Upper and Lower Limit: The notification has clarified that upper tolerance level of inflation at 6% and lower tolerance level at 2% for the same time period (i.e. from April 2026 to March 2031).Inflation Target Framework: The inflation target is set under India’s Flexible Inflation Targeting (FIT) framework, introduced in 2016. This framework mandates the Reserve Bank of India (RBI) to maintain inflation at a specified level, with a tolerance band.
GoI Kept Inflation Target at 4% for 2026-31 PeriodIn March 2026, the Government of India (GoI) kept the inflation target unchanged i.e. 4% for the next 5 years (from April 01, 2026 to March 31, 2031), ,marking the 2nd consecutive instance of inflati...
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OECD Interim Report: India Growth Forecast lowered to 6.1% for FY27In March 2026, the Organisation for Economic Cooperation and Development (OECD) released its OECD Economic Outlook, Interim Report – March 2026, titled Testing Resilience in which it projected that the Indian economy will grow at 6.1% in Financial Year 2026-27 (FY27).Key HighlightsSlowdown: The OECD has revised India’s FY27 growth forecast by 10 basis points (bps) from its earlier forecast of 6.2%, citing global uncertainty.FY26 & FY28: The OECD also projected that India will grow at 7.6% in FY26 and 6.4% in FY28.Global growth: Global growth outlook remained unchanged for 2026 at 2.9%, but estimates for 2027 have been lowered to 3% from 3.1%
OECD Interim Report: India Growth Forecast lowered to 6.1% for FY27In March 2026, the Organisation for Economic Cooperation and Development (OECD) released its OECD Economic Outlook, Interim Report – March 2026, titled Testing Resilience in which it projected that the Indian economy will grow at 6.1% in Financial Year 2026-27 (FY27).Key HighlightsSlowdown: The OECD has revised India’s FY27 growth forecast by 10 basis points (bps) from its earlier forecast of 6.2%, citing global uncertainty.FY26 & FY28: The OECD also projected that India will grow at 7.6% in FY26 and 6.4% in FY28.Global growth: Global growth outlook remained unchanged for 2026 at 2.9%, but estimates for 2027 have been lowered to 3% from 3.1%
OECD Interim Report: India Growth Forecast lowered to 6.1% for FY27In March 2026, the Organisation for Economic Cooperation and Development (OECD) released its OECD Economic Outlook, Interim Report – March 2026, titled Testing Resilience in which it ...
Lakshya AMC Receives SEBI Approval to Launch MF BusinessIn March 2026, Lakshya Asset Management Company (AMC) received approval from the Securities and Exchange Board of India (SEBI) to commence its Mutual Fund (MF) business in India.About Lakshya AMC:Sponsorship: The AMC is sponsored by Wealth First Portfolio Managers, a publicly listed wealth management company on National Stock Exchange (NSE) and Bombay Stock Exchange (BSE).Leadership: Lakshya AMC has onboarded key members from Benchmark AMC, including Sanjiv Shah, Rajan Mehta, and Sanjay Gaitonde.Headquarters: Lakshya AMC will be the first AMC to be headquartered in Ahmedabad(Gujarat), indicating a shift towards developing financial institutions beyond traditional metro cities.Benchmark AMC: Founded in 2001, it was India’s first mutual fund focused exclusively on passive and quantitative investments and pioneered Exchange Traded Funds (ETFs) with products such as Nifty BeES, Gold ETF, Gold BeES, and Liquid BeES.
Lakshya AMC Receives SEBI Approval to Launch MF BusinessIn March 2026, Lakshya Asset Management Company (AMC) received approval from the Securities and Exchange Board of India (SEBI) to commence its Mutual Fund (MF) business in India.About Lakshya AMC:Sponsorship: The AMC is sponsored by Wealth First Portfolio Managers, a publicly listed wealth management company on National Stock Exchange (NSE) and Bombay Stock Exchange (BSE).Leadership: Lakshya AMC has onboarded key members from Benchmark AMC, including Sanjiv Shah, Rajan Mehta, and Sanjay Gaitonde.Headquarters: Lakshya AMC will be the first AMC to be headquartered in Ahmedabad(Gujarat), indicating a shift towards developing financial institutions beyond traditional metro cities.Benchmark AMC: Founded in 2001, it was India’s first mutual fund focused exclusively on passive and quantitative investments and pioneered Exchange Traded Funds (ETFs) with products such as Nifty BeES, Gold ETF, Gold BeES, and Liquid BeES.
Lakshya AMC Receives SEBI Approval to Launch MF BusinessIn March 2026, Lakshya Asset Management Company (AMC) received approval from the Securities and Exchange Board of India (SEBI) to commence its Mutual Fund (MF) business in India.About Lakshya AM...
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