Current Affairs Today

We are here for you to provide the important Recent and Latest Current Affairs March 1 & 2 2026, which have unique updates of Latest Current Affairs 2026 events from all newspapers such as The Hindu, The Economic Times, PIB, Times of India, PTI, Indian Express, Business Standard and all Government official websites.

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NATIONAL AFFAIRS

India, Germany Strengthen Climate Resilience through New EUR 20 Million Initiative
In February 2026, Jochen Flasbarth, State Secretary at the German Federal Ministry for Environment, Climate Action, Nature Conservation, and Nuclear Safety (BMKUN), announced a new Large Grant for India with a funding volume up to EUR 20 million under the International Climate Initiative (IKI).

• The announcement was made during a high-level climate dialogue titled ‘From Risk to Resilience: Advancing Adaptation Policy Pathways’ held at the German Embassy in New Delhi, Delhi.

About EUR 20 million Initiative:
Priority Regions: The newly announced initiative aims to improve resilience in high-risk ecosystems across priority regions, including the Himalayas, island regions, the Western Ghats, the North-East (NE) and the Lower Gangetic floodplains.
Key Interventions: The initiative is expected to support ecosystem-based approaches (EbA) like: forest restoration, biodiversity corridor connectivity, flood and erosion control, groundwater recharge and community-led natural resource management.
Strengthen NAP: It will also bolster monitoring, evaluation and learning frameworks linked to India’s  National Adoption Plan (NAP).

Union Minister Sonowal Inaugurates Three Inland Waterway Projects on NW-2 in Dibrugarh, Assam
On February 26, 2026, Union Minister Sarbananda Sonowal, Ministry of Ports, Shipping and Waterways (MoPSW), inaugurated three major inland waterways infrastructure projects on National Waterway-2 (NW-2) (River Brahmaputra) at Chowkidingee Playground in Dibrugarh, Assam to enhance logistics, trade, and riverine tourism in the North Eastern Region (NER).
About the Three Inland Waterways Projects:
Bogibeel Complex: The Customs & Immigration Complex (CIC) at Bogibeel is a modern tourist-cum-cargo terminal integrating customs, immigration, and IWAI administrative functions, with arrival/departure halls, cargo storage, staff amenities, and security systems.
Dhubri Gateway: The CIC at Dhubri enhances regulatory oversight, export-import operations, and positions Dhubri as a strategic gateway for Inland Water Transport (IWT) and cross-border trade with Bangladesh and Bhutan.
Heritage Building: The renovated IWAI Heritage Building at Dibrugarh combines architectural restoration with upgraded operational infrastructure, supporting NW-2 administration and promoting riverine tourism.

Tamil Nadu Launches First Dark Sky Park in Kolli Hills
In February 2026, Tamil Nadu(TN) Forest Minister R S Rajakannappan inaugurated the State’s first Dark Sky Park at Ariyur Shola Reserve Forest, Kolli Hills, Namakkal district, positioning TN as a growing astro-tourism destination.
About Dark Sky Park:
Cost & Infrastructure: Set up at a cost of Rs.1 crore, the park features three advanced telescopes and solar-powered infrastructure.
Observations: Enables night-time observation of stars, planets, the Milky Way, and the moon, and promotes scientific literacy and astronomy awareness among students, researchers, and the public during the day.
Optimal Conditions: The site enjoys minimal artificial light within a 1.5 kilometre(km) radius, with natural terrain providing optimal dark-sky conditions.
Operational Period: The park operates from January 15 to June 15 and remains closed during the monsoon season.
India’s First Dark Sky Park: Pench Tiger Reserve(PTR) in Madhya Pradesh(MP), designated in 2024 under the International Dark-Sky Places programme, became India’s first official Dark Sky Park and is also Asia’s fifth internationally recognized Dark Sky Park.

Union Minister Nitin Gadkari Launches Upgraded RAJMARG PRAVESH Web Portal
Union Minister Nitin Gadkari, Ministry of Road Transport and Highways (MoRTH), launched the upgraded RAJMARG PRAVESH (Version 2.0) web portal on 25 February 2026, to easily obtain No Objection Certificates (NOCs) for facilities & utilities along National Highways (NH).
About the Upgraded RAJMARG PRAVESH Portal:
Online Permissions: The upgraded portal enables citizens, businesses, and organizations to apply online for permissions related to fuel stations, wayside amenities, private properties, rest area complexes, connecting roads, and other facilities along NH.
Utilities: It can also be used to seek approval for laying utilities such as water pipelines, gas pipelines, optical fibre cables, electrical lines, and other services along or across NH.
Ease of Doing Business: The upgraded portal has been developed to make the process simpler, faster, more transparent, and time-bound, supporting the Government of India (GoI)’s goal of improving ease of doing business.
Access: The portal can be accessed by citizens, entrepreneurs and shop owners, infrastructure companies, telecom firms and utility providers, and state or central agencies.

Union Minister JP Nadda to Head Reconstituted Hindi Advisory Committee in Chemicals & Fertilizers Ministry
In February 2026, the Government of India (GoI) named Union Minister Jagat Prakash (JP) Nadda, Ministry of Chemicals and Fertilizers(MoC&F), as the chairman of the newly reconstituted Hindi Advisory Committee for MoC&F.

• Also, Union Minister of State (MoS) Anupriya Patel, MoC&F has been appointed as its Vice-Chairman.

About Hindi Advisory Committee for MoC&F:
Key Functions: The committee has been mandated to review and provide recommendations on the progressive use of Hindi in the official administrative work of MoC&F and its subordinate offices.
Composition: The newly constituted advisory committee comprises 15 nominated members and 37 official members, in addition to the Chairperson and Vice-Chairperson.
Term: The committee will have a standard tenure of 3 years from the date of its formation, though this period can be extended under special circumstances.

IAF’s SAC Conducts Joint Maritime Exercise ‘Kalari Leap’ in Arabian Sea
In February 2026, the Southern Air Command (SAC) of the Indian Air Force (IAF) successfully conducted ‘Kalari Leap’, a joint maritime exercise, across the Lakshadweep and Minicoy archipelago in the Arabian Sea.
About Exercise Kalari Leap:
Objective: The exercise focused on validating joint operational planning, rapid force projection, and precision execution in complex maritime environments.
Coordinated Operations: The exercise involved coordinated operations with the Armed Forces Special Operations Division (AFSOD) and the Indian Coast Guard (ICG) alongside SAC units.
Operations: The IAF conducted airborne and air-landed insertions, heliborne and amphibious drills, anti-ship strikes, and search-and-rescue missions.
Deployment: The IAF deployed aircraft including AN-32 transport planes, Mi-17V5 helicopters, and Su-30MKI fighter jets. ICG contributed with its ships, Gemini boats, and Dornier 228 aircraft.

• AFSOD special forces participated in combat free-fall insertions and amphibious tasks.

IAF Conducts ‘Vayushakti-26’ at Pokhran Range, Jaisalmer
In February 2026, the Indian Air Force (IAF) successfully conducted ‘Exercise Vayushakti-26’ at Pokhran Field Firing Range in Jaisalmer, Rajasthan.

• The exercise demonstrated IAF’s combat readiness and capability to carry out integrated air operations across the full spectrum of warfare.
• President of India Droupadi Murmu attended the firepower demonstration as Chief Guest, and was accompanied by eminent dignitaries: Haribhau Kisanrao Bagde, Union Minister Rajnath Singh, Ministry of Defence (MoD), Union Minister Kinjarapur Ram Mohan Naidu, Ministry of Civil Aviation (MoCA), among others.

Key Details of Ex-Vayushakti-26:
Simulated Combat Theatre: For the 1st time, the exercise was held along a defined operational storyline, turning into simulated live combat theatre. It seamlessly combined offensive air strikes, air defence operations, special forces missions and humanitarian assistance, which reflects IAF’s role as a multi-domain, integrated force and country’s first responder.
Aircrafts Participated: Over 130 aircrafts participated in the day-and-night exercise including Rafale, Su-30 MKI, Mirage-2000, MiG-29, Jaguar, Hawk, Mi-17, C–130J, C-295, C-17, the indigenous Advanced Light Helicopter (ALH) Dhruv and Light Combat Helicopter (LCH) Prachand.
Key Operations: Air defence operations were held through coordinated engagements using airborne assets and ground-based systems such as Akash and Spyder missile systems, supported by air defence assets like L-70 and M-777.

INTERNATIONAL AFFAIRS

Overview of PM Narendra Modi’s visit to Israel on February 26-27, 2026
Prime Minister (PM) Narendra Modi, visited Israel at the invitation of PM Benjamin Netanyahu, State of Israel, accompanied by a high-level delegation of senior ministers and officials from 26th to 27th February 2026.
Highlights of the Visit:
Memorial Visit: He visited Yad Vashem Memorial (YM) in Jerusalem, paying tribute to Holocaust victims by laying a wreath and placing a commemorative stone.
Knesset Address: PM Narendra Modi became the first Indian PM to address the Israeli Parliament (Knesset) and signed the Knesset Guestbook, underscoring the deepening of India–Israel bilateral relations.

•  After his address, PM Narendra Modi was conferred the ‘Medal of the Knesset’ by Knesset Speaker Amir Ohana, which he dedicated to the enduring India–Israel friendship, becoming the first Indian PM to receive this honour.

Outcome of the Visit: During a joint press conference, PM Narendra Modi and Israeli PM Benjamin Netanyahu announced the establishment of a Special Strategic Partnership for Peace, Innovation, and Prosperity, aimed at strengthening cooperation in defence, security, cybersecurity, trade, and technology.

• India and Israel signed several agreements following PM Narendra Modi’s two-day State visit to Israel. The agreement cover cooperation in geophysical exploration, maritime heritage, culture, digital payments, agriculture, Artificial Intelligence (AI), fisheries, financial regulation, labour mobility, education, arbitration, academia, cybersecurity, along with several major strategic initiatives.

BANKING & FINANCE

IIFL Home Finance Secures USD 300 Million Loan from ADB to Promote Women’s Housing Finance in India
On February 27, 2026, IIFL Home Finance Limited (IIFL HFL) secured a USD 300 million loan agreement with the Asian Development Bank (ADB) to expand access to affordable housing finance for lower-income borrowers, primarily targeting women in India.
About USD 300 Million ADB Loan for Affordable Housing:
Breakup of Loan: USD 150 million from ADB and USD 150 million from parallel loans contributed by Mitsubishi UFJ Financial Group (MUFG), Japan; Emirates NBD Bank, United Arab Emirates (UAE); Sampath Bank PLC, Sri Lanka; and Hatton National Bank PLC, Sri Lanka.
Focus: At least 25% of proceeds will finance green-certified affordable homes to promote sustainable construction.
West Bengal Cabinet Approves Rs 4,648 Crore ADB Projects for Education and ICDS
Overview: In February 2026, the West Bengal(WB) State Cabinet, headed by Chief Minister(CM) Mamata Banerjee, approved two major development projects worth Rs 4,648 crore in partnership with the ADB to strengthen secondary education and child nutrition infrastructure in WB.
Funding Pattern: The projects will follow a 70:30 funding model, with ADB covering 70% and the WB Government providing 30%.

Jio Finance Launches AI-Backed Mobile App ‘Finsider’
Jio Finance Platform and Service Limited (JFPSL), a wholly owned subsidiary of Jio Financial Services Limited (JFSL), launched the JioFinance app with ‘Finsider‘ in February 2026 for early access program featuring Agentic Artificial Intelligence(AI) and Neural Networks for hyper-personalized financial services.

• The app aggregates products from JFSL entities and third-party financial institutions.

About Finsider App:
Personalized Recommendations: The app uses agent-based AI and neural networks to deliver hyper-personalized recommendations tailored to each user’s financial profile and needs.
Interface Adjustment: The app dynamically adjusts the user interface, which means no two users see the same homepage, reflecting their eligibility and financial intent.
Comprehensive Marketplace: The platform offers financial products and services, including loans, credit cards and insurance, Unified Payment Interface (UPI), Fixed Deposits (FDs), digital gold, investment products and Mutual Funds (MFs), tax planning and related services, and a digital savings account with automated features.
Rewards: The users can try the app ahead of general launch, transact and earn “JioPoints” as rewards, redeemable against offered benefits, and provide feedback to help evolve the platform based on real-world usage.

CBI Signs Distribution Agreement with Canara Robeco AMC to offer MF products
On 7 February 2026, the Central Bank of India(CBI) has signed a Distribution Agreement with Canara Robeco Asset Management Company Limited(CRAMC) to offer a wide range of Mutual Fund(MF) products to its customers.
About Distribution Agreement :
Aim: This collaboration aims to enhance wealth creation avenues for retail and institutional clients across the bank’s branch network.
Enhanced Access: Under the agreement, CBI will distribute MF schemes managed by Canara Robeco AMC, enabling customers to invest in diversified equity, debt, and hybrid products through the bank’s branch network and digital channels.
Regulatory Disclosure: The agreement has been disclosed in accordance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring transparency and compliance with regulatory norms.
About CRAMC: It was established in 1987as a Joint Venture(JV) between Canara Bank and ORIX Corporation Europe. It is one of India’s leading asset management companies, with a total Assets Under Management (AUM) of Rs.1.22 lakh crore as of December 2025.

Gnani.ai & Razorpay Launch Agentic AI Platform for in-call UPI Payments
On February 27, 2026, the Indian AI firm Gnani.ai and fintech company Razorpay launched a new agentic Artificial Intelligence (AI)-powered collections platform that can complete Unified Payments Interface (UPI) payments during live customer calls.
About Agentic AI Platform:
Integrations: The platform connects Gnani.ai’s agentic AI systems directly with Razorpay’s Model Context Protocol (MCP) server, an AI-native layer tied into Razorpay’s payment infrastructure.
Tracking: It enables the AI to assess a customer’s payment intent, generate a payment link or UPI collect request, and track and confirm the payment status during the same call.
Features: The platform supports one‑time and mandate-based recurring UPI payments, with plans to add card and digital wallet options. It also supports multiple Indian languages and ensures secure, compliant transactions.

Sri Lanka’s 1st Blue Bond Dually Listed on NSE IX at GIFT City
In February 2026, Sri Lanka’s 1st Blue Bond, a Sri Lankan Rupee (LKR) 3 billion issuance by DFCC Bank Plc, dually listed on the National Stock Exchange Limited – International Exchange (NSE IX) at Gujarat International Finance Tec-City (GIFT City), Gandhinagar, Gujarat.

• This marks the 1st blue bond to be admitted for trading within the jurisdiction of India’s International Financial Services Centre (IFSC).

Key Details:
MoU: This dual listing was facilitated under a Memorandum of Understanding (MoU) signed between NSE IX and Colombo Stock Exchange at GIFT City.
Objective: To bolster cross-border capital market collaboration, enabling dual listings, and promoting innovative financial products across jurisdictions.
Blue Bonds: These bonds are a subset of green bonds designed to raise funds for initiatives supporting marine conservation, responsible fisheries management, ocean-driven economic development, and various aquatic environmental protection projects.

Sarvam Partners with SBI Life to deploy AI tools across insurance distribution network
In February 2026, Indian Artificial Intelligence (AI) startup firm, Sarvam entered into a strategic partnership with SBI Life Insurance Company Limited, a subsidiary of the State Bank of India (SBI), for the deployment of AI tools across its nationwide insurance distribution network.
Key Details: 
Aim: The initiative aims to strengthen customer engagement and support sales functions through large‑scale AI deployment rather than limited pilots.
Sarvam’s Platforms: The AI tools will be operated on Samvaad, Sarvam;s conversational AI platform; and Arya, its multi-agent orchestration layer.
Key Role: Samvaad will help to manage customer-facing conversations, while Arya coordinates several AI systems in the background to execute tasks and workflows using enterprise data.
Significance: The deployment of AI tools is expected to reach over 8 crore customers and support more than 3.5 lakh distributors across the country.

SCIENCE & TECHNOLOGY

DRDO Conducts Flight Trials of VSHORADS Missile System in Chandipur, Odisha
On February 27, 2026, The Defence Research and Development Organization (DRDO), under the Ministry of Defence (MoD), successfully conducted three consecutive flight trials of the indigenously developed Very Short-Range Air Defence System (VSHORADS) from the Integrated Test Range (ITR) at Chandipur, off the coast of Odisha.
About V-SHORADS: It is a man-portable air defence missile system (MANPADS) designed to neutralize low-altitude aerial threats such as fighter aircraft, helicopters, Unmanned Aerial Vehicles (UAVs), and drones.
Key Details of the Flight Trials:
Purpose: Purpose: The tests were carried out to revalidate the missile system’s ability to destroy high-speed aerial targets flying at different speeds, ranges, and altitudes to meet the operational needs of the Indian Army(IA), Indian Navy(IN) and Indian Air Force(IAF).
Interception: The VSHORADS missiles successfully intercepted and destroyed targets that simulated enemy aircraft under various threat conditions in all three trials.
Data Recorded: The fight data was recorded using advanced instruments such as telemetry systems, electro-optical tracking systems, and radars at ITR Chandipur, confirming the system’s effectiveness.
Alignment: The initiative aligns with the Government of India (GoI)’s vision of Atmanirbhar Bharat.

Indian Navy commissions ‘Dolphin Hunter’ INS Anjadip‘ at Chennai Port, TN
On February 28, 2026, the Indian Navy (IN) commissioned Indian Naval Ship (INS) Anjadip, the third of eight indigenously built Anti-Submarine Warfare Shallow Water Craft (ASW SWC), nicknamed the ‘Dolphin Hunter’, at Chennai Port, Tamil Nadu (TN), to enhance India’s Anti-Submarine Warfare (ASW) and coastal surveillance capabilities.

• The commissioning ceremony was conducted by Admiral Dinesh Kumar Tripathi, Chief of the Naval Staff (CNS), IN.

About INS Anjadip:
Name: The vessel is named after Anjadip Island off Karwar, Karnataka, in the Arabian Sea.
Project: It is the 3rd ASW SWC under the IN coastal defence enhancement programme, following INS Arnala and INS Androth.
Developer: Built by Garden Reach Shipbuilders and Engineers (GRSE), Kolkata, (West Bengal, WB), with over 80% indigenous content reflecting Atmanirbhar Bharat (Self-Reliant India) in warship design and defence electronics.
Specifications: The vessel is 77 meters (m) long, displaces 1,400 tonnes, and is powered by a high-speed water-jet propulsion system, reaching speeds up to 25 knots for rapid response in littoral and shallow-water operations.

OBITUARY

Padma Shri awardee and Ghoda Nacha Artist Utsav Charan Das Passed Away
On February 26, 2026, Padma Awardee Utsav Charan Das, a renowned Ghoda Nacha artist, passed away at the age of 80 in Cuttack, Odisha. He was born in 1946 in Mania, Orissa Province, British India(now part of Odisha).

• In 2020, he was conferred the Padma Shri, India’s fourth highest civilian award, for his contribution in the field of art.

About Utsav Charan Das:
Profile: He was a renowned folk artist from Odisha, best known for his lifelong dedication to preserving and promoting the traditional folk dance form Ghoda Nacha (dummy horse).
Career: His art career, spanning over six decades, includes performances across villages, towns, and cultural festivals in Odisha. His performances were known for energetic stage presence, strong narrative expression, authentic traditional costume and musical coordination.
Mentorship: In 1964, he established an institution to train students in Ghoda Nacha and, as a mentor, guided numerous young artists, promoting the art form through workshops and cultural programs.

IMPORTANT DAYS

National Science Day 2026 – February 28
National Science Day (NSD) is observed annually on 28th February across India to commemorate the discovery of the Raman Effect (1928) by Sir Chandrasekhara Venkata Raman (C. V. Raman).

• 28th February 2026 marks the observance of the 40th NSD.
• 2026 Theme: “Women in Science: Catalysing Viksit Bharat”

Background:
Recommendation: In 1986, the National Council for Science and Technology Communication (NCSTC) recommended that 28 February be designated as NSD in India.
First Observance: The first NSD was officially celebrated on 28 February 1987 to honor the Raman Effect and promote scientific awareness.
National Event: The Department of Science and Technology (DST), under the Ministry of Science and Technology (MoS&T) hosted the national celebration at Vigyan Bhawan, New Delhi, Delhi, featuring lectures by eminent scientists and a science-policy dialogue chaired by the Principal Scientific Adviser (PSA).

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