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New GDP Series: Why Fiscal Targets and $4 Trillion Goal Get Harder

Why in the News The Ministry of Statistics and Programme Implementation released the new GDP series with 2022-23 as base year, lowering nominal GDP by about 3 to 4 percent. This affects fiscal deficit ratios, debt calculations and India’s timeline to become a 4 trillion dollar economy. What Changed in the New GDP Series 2023-24… Continue reading

War in West Asia: Why Insurers Are Cancelling War Risk Covers as Ships Avoid Hormuz

Why in the News Escalating conflict involving Iran, Israel and the United States has led global shipping lines to suspend or divert vessels from the Strait of Hormuz, while insurers rush to cancel war risk covers. What Is Happening? Major container carriers have halted Hormuz transits. Some vessels reversed course mid voyage. Insurers issued war… Continue reading

GST Collections Rise 8.1% to ₹1.83 Lakh Crore in February

Why in the News Gross Goods and Services Tax collections rose 8.1% year on year to over ₹1.83 lakh crore in February 2026, indicating steady consumption and import activity. Key Figures Gross GST: ₹1.83 lakh crore Net GST: ₹1.61 lakh crore up 7.9% Gross domestic revenue: ₹1.36 lakh crore up 5.3% Import revenue: ₹47,837 crore… Continue reading

SEBI to Leverage AI and Tech to Crack Down on Market Manipulators

Why in the News SEBI Chairman Tuhin Kanta Pandey said the regulator will strengthen surveillance using Artificial Intelligence and technology to curb market manipulation and cyber fraud. Key Announcements Tech Driven Surveillance Use of AI to detect market manipulation and suspicious trading patterns. Stronger enforcement against fraudulent brokers and cyber criminals. SEBI Check Tool Integrated… Continue reading

Iran–Israel Escalation After Killing of Khamenei

Why in the News Iran launched missile and drone strikes across Israel and parts of the Gulf after the reported killing of Supreme Leader Ayatollah Ali Khamenei in U.S. and Israeli bombardment, triggering a widening regional conflict. What Happened U.S. and Israeli strikes hit targets in Tehran. Iran retaliated with missiles targeting Israel and Gulf… Continue reading

[28th February 2026] The Hindu OpED: International law is not dead, its rules stay resilient

PYQ Relevance [UPSC 2025] The reform process in the United Nations remains unaccomplished because of the delicate imbalance of East and West and entanglement of the USA vs. Russo-Chinese alliance.” Examine and critically evaluate the East-West policy confrontations in this regard. Linkage: This question directly examines power politics within the UN system, linking to debates… Continue reading

Taliban & terror: How Pakistan came to declare ‘open war’ on Afghanistan

Why in the News? Pakistan launched cross-border airstrikes in Afghanistan’s Khost and Paktika provinces after a surge in Tehreek-e-Taliban Pakistan (TTP) attacks that killed nearly 274 people in recent months. The Afghan Taliban retaliated, marking one of the most direct military confrontations between the two since 2021 and signaling a breakdown of post-Taliban counter-terror coordination.… Continue reading

As more Indians move to cities, 16th Finance Commission gives a boost to urban governance

Why in the News? The 16th Finance Commission has increased the urban local bodies’ share of grants to 45% for 2026-31 and recommended ₹3.56 lakh crore, more than double the 15th FC allocation. This marks the highest-ever urban share since structured third-tier devolution began, reflecting rising urbanisation and fiscal stress in cities. How has the… Continue reading

President Undertakes Sortie in LCH Prachand

Why in the News President Droupadi Murmu undertook a sortie in the indigenous Light Combat Helicopter Prachand at Air Force Station Jaisalmer on February 27, 2026. About LCH Prachand India’s indigenously developed Light Combat Helicopter. Designed for high altitude warfare and desert operations. Equipped with: Air to ground missiles Rocket systems 20 mm turret gun… Continue reading

India–Bhutan Cooperation on Trans-Boundary Rivers and Hydropower

Why in the News India and Bhutan reviewed cooperation on trans-boundary rivers and hydropower projects during a visit by the Secretary, Department of Water Resources, Ministry of Jal Shakti, to Bhutan (February 24–27, 2026). Key Areas of Cooperation Hydropower Projects Reviewed Punatsangchhu-I Hydro Electric Project under construction Punatsangchhu-II Hydroelectric Project recently commissioned These projects are… Continue reading

Vayu Shakti 2026 Exercise

Why in the News The President of India Droupadi Murmu witnessed the Vayu Shakti 2026 exercise at Pokhran Firing Range, Jaisalmer. About Vayu Shakti Conducted by the Indian Air Force Venue: Pokhran Firing Range, Rajasthan Simulated integrated combat theatre Objective: Demonstrate precision strike capability and operational readiness Prelims Pointers Pokhran Firing Range located in Rajasthan… Continue reading

16th Finance Commission Boosts Urban Local Bodies

Why in the News The Finance Commission of India (16th FC) has significantly increased grants for Urban Local Bodies in recognition of rising urbanisation. Key Highlights Higher Share for Urban Bodies 16th FC: 45% of local body grants to urban areas 15th FC: 36% 13th FC: 26% Sharp Rise in Funds ₹3.56 lakh crore recommended… Continue reading

Canada PM Mark Carney Begins India Visit

Why in the News Canadian Prime Minister Mark Carney began a four day official visit to India, aimed at normalising ties and expanding cooperation across trade, energy and emerging technologies. Key Highlights of the Visit Major Uranium Deal Likely signing of a 10 year, US$ 2 billion uranium supply agreement. Supports India’s civil nuclear energy… Continue reading

INS Anjadip Commissioned

Why in the News The Indian Navy commissioned INS Anjadip, the fourth indigenously designed and built Anti Submarine Warfare Shallow Water Craft, at Chennai Port. About INS Anjadip Type: Anti Submarine Warfare Shallow Water Craft Length: 77 metres Built by: Garden Reach Shipbuilders & Engineers at Kattupalli Named after: Anjadip Island off Karwar coast Key… Continue reading

[27th February 2026] The Hindu OpED: The shift of critical minerals to India’s strategic centre

PYQ Relevance [UPSC 2022] Do you think India will meet 50 percent of its energy needs from renewable energy by 2030? Justify your answer. How will the shift of subsidies from fossil fuels to renewables help achieve the above objective? Explain. Linkage: Renewable energy expansion depends on critical minerals like lithium and rare earths used… Continue reading

How India and Canada have mended their frayed ties

Why in the News? Canadian Prime Minister Mark Carney’s visit to India signals a diplomatic reset after the 2023 rupture triggered by allegations over Hardeep Singh Nijjar’s killing. The crisis had led to diplomatic expulsions, visa suspension, and stalled trade talks. Restoration of envoys and revival of Comprehensive Economic Partnership Agreement (CEPA) negotiations mark a… Continue reading

Have AI products/LLMs started to disrupt the software services industry?

Why in the News? India’s $250+ billion IT services industry is witnessing structural churn due to rapid enterprise adoption of Artificial Intelligence (AI) and Large Language Models (LLMs). AI has rapidly moved from pilot projects to full-scale deployment in India’s IT services industry. Companies are restructuring teams and changing billing models as automation begins to… Continue reading

SEBI Revamps Mutual Fund Rulebook

Why in the News The Securities and Exchange Board of India introduced major reforms for the ₹81 lakh crore mutual fund industry to ensure schemes remain true to their stated objectives. Key Changes 1. Solution-Oriented Schemes Discontinued No fresh inflows allowed in retirement and children funds. Existing schemes to be merged with similar asset allocation… Continue reading

India–Israel Elevate Ties to Special Strategic Partnership

Why in the News India and Israel elevated bilateral relations to a Special Strategic Partnership for Peace, Innovation and Prosperity during Prime Minister Narendra Modi’s visit to Israel. A total of 17 pacts were signed. Key Outcomes 1. Upgrade of Bilateral Ties Earlier: Strategic Partnership since 2017 Now: Special Strategic Partnership Focus on technology, defence,… Continue reading

New GDP Series to Better Capture Economy

Why in the News The Ministry of Statistics and Programme Implementation will release a new GDP series on February 27, 2026, updating the base year to 2022-23 and introducing major data and methodological improvements. Key Changes 1. Base Year Updated From 2011-12 to 2022-23 Reflects current economic structure including digitalisation and formalisation 2. Better Corporate… Continue reading

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