Daily Current Affairs Quiz24 March, 2026 National Affairs 1. SWAMIH Investment Fund II to Be Launched Source: HT Context: The Government of India is in the process of launching SWAMIH Investment Fund II, a ₹15,000-crore fund aimed at completing stalled housing projects and providing relief to distressed homebuyers. The announcement was made by Nirmala Sitharaman in Parliament. About SWAMIH Fund Full Form Key Features of SWAMIH Investment Fund II 1. Fund Size 2. Objective 3. Target Segment 4. Implementation Status Background SWAMIH Fund I Purpose: Outcome: 2. Stealth Frigate Taragiri (F41) Context: The Indian Navy is set to commission the stealth frigate Taragiri (F41) on 03 April 2026 at Visakhapatnam. The warship is a key milestone under indigenous defence manufacturing and aligns with the vision of Aatmanirbhar Bharat. About Stealth Frigate Taragiri Built By Indigenous Content Significance: Key Features 1. Stealth Capabilities 2. Advanced Weapon Systems 3. Modern Design About Project 17A 3. Iran–Pakistan–India (IPI) & TAPI Pipelines Context: The ongoing West Asia crisis has disrupted global energy supplies, highlighting India’s dependence on imported hydrocarbons. This has renewed focus on cross-border pipeline projects like the IPI and TAPI pipelines. Iran–Pakistan–India (IPI) Pipeline Key Features 1. Objective 2. Capacity 3. Strategic Significance Current Status Reasons for India’s Exit (2007) 4. Centre Launches AI Skilling Drive with Google & YouTube Source: TH Context: The Government of India, led by Union Minister Ashwini Vaishnaw, launched key initiatives to boost India’s media, broadcasting, and digital ecosystem, with a focus on strengthening the creative (orange) economy. Key Initiatives Launched 1. National AI Skilling Initiative Key Features: Phase I (March–June 2026): Phase II (July–December 2026): 2. MyWAVES Platform Features: Objective: 3. TV Broadcasting Reforms Benefit: What is the “Orange Economy”? Examples: 5. Centre to Amend Foreign Contribution (Regulation) Act Source: TH Context: The Union Government is set to introduce amendments to the Foreign Contribution (Regulation) Act, 2010 during the ongoing Parliament session. The proposed changes aim to strengthen regulation, accountability, and oversight of foreign-funded NGOs. Key Proposed Amendments 1. Appointment of “Designated Authority” Applicable when: 2. Expansion of “Key Functionary” Definition The term will now include: 3. Liability of Key Functionaries Implication: 4. Prior Approval for Investigation Concern: 5. Fixed Timelines for Fund Utilisation Earlier Situation: Benefit: 6. Reduction in Punishment Objective: Background About FCRA Current Scenario Banking/Finance 1. Credit Guarantee Scheme for Microfinance Institutions-2.0 (CGSMFI-2.0) Source: Mint Context: The Government of India launched the Credit Guarantee Scheme for Microfinance Institutions-2.0 (CGSMFI-2.0) in March 2026 to inject ₹20,000 crore liquidity into the microfinance sector and support financial inclusion. About CGSMFI-2.0 Purpose: Implementing Agencies Aim of the Scheme Key Features 1. Tiered Guarantee Coverage Focus: Prioritises smaller institutions 2. Interest Rate Regulation 3. Low Guarantee Fee 4. Time-bound Scheme 5. Target Beneficiaries 2. Net FDI Negative for Fifth Straight Month Source: TH Context: India’s Net Foreign Direct Investment (FDI) remained negative for the fifth consecutive month in January 2026, as per data released by the Reserve Bank of India. Outflows exceeded inflows by nearly $1.4 billion, indicating pressure on India’s external sector. Key Data Highlights Net FDI Position FDI Outflows (a) Outward FDI by Indian Companies (b) Repatriation & Disinvestment Key Reasons for Negative Net FDI 1. Rising Repatriation 2. Decline in Fresh Inflows 3. Increased Outward Investments Economic Implications 1. External Sector Pressure 2. Currency Depreciation Risk 3. Investment Climate Concerns 3. SEBI Approves Conflict of Interest Panel Recommendations Source: ET Context: The Securities and Exchange Board of India (SEBI) has approved key recommendations of a High-Level Committee on Conflict of Interest to strengthen governance, transparency, and ease of doing business in financial markets. Key Decisions Taken by SEBI 1. Strengthening Conflict of Interest Framework Inclusion as “Insiders” Digital Conflict Monitoring Institutional Mechanisms Role: Separate Regulations for Board Members 2. Simplification of “Fit and Proper Person” Norms Who are intermediaries? Revised Criteria 3. Major Reform for Foreign Portfolio Investors (FPIs) Net Settlement System Introduced Earlier System: Benefits: 4. Boost to Social Impact Investments Objective: 4. RBI in Talks with 4–5 Countries on Cross-Border CBDC Context: The Reserve Bank of India (RBI) is in discussions with 4–5 countries, including Asian and European economies, to develop cross-border transaction systems using Central Bank Digital Currency (CBDC). What is CBDC? Key Developments 1. Cross-Border CBDC Collaboration Objective: 2. Expected Benefits (a) Lower Remittance Costs (b) Faster Transactions (c) Reduced Compliance Layers Agriculture 1. Agri-Photovoltaics (AgriPV) Source: TH Context: India’s push for 300 GW solar capacity by 2030 and net-zero by 2070 is increasing pressure on land resources. With agriculture already occupying over half of India’s land, Agri-Photovoltaics (AgriPV) is emerging as a sustainable solution to balance energy and food security. The Union Budget 2026–27 increased allocation for PM-KUSUM Scheme to ₹5,000 crore, reinforcing farmer-centric solarisation. What is Agri-Photovoltaics (AgriPV)? Types of AgriPV Systems 1. Elevated Systems 2. Row-Based Systems 3. Vertical Systems 4. Greenhouse-Integrated Systems Crop Selection Strategy Key Principle Suitable Crops Regional Examples Benefits of AgriPV 1. Dual Land Use Efficiency 2. Increased Farmer Income 3. Environmental Benefits 4. Energy & Rural Development Facts To Remember 1. North Korea’s Kim reappointed as President of state affairs: state media North Korea’s rubber-stamp legislature has re-elected Kim Jong-un as President of state affairs, state media reported on Monday. 2. S. Thyagarajan, doyen of sports journalism, passes away S. Thyagarajan, 85, veteran sports correspondent, who worked with The Hindu for more than five decades, passed away here on Monday. 3. Outward Remittances Under LRS Decline by 3.2% in Jan 2026 Outward remittances under the Liberalised Remittance Scheme of the Reserve Bank of India declined 3.19% year-on-year (Y-o-Y) to $2.68 billion in January 2026, indicating moderation in overseas spending by Indian residents. 4. Bharat Electricity Summit 2026 Held in New Delhi; Carbon Market Portal Launched First edition of Bharat Electricity Summit 2026 was held at Yashobhoomi from March 19–22, 2026, inaugurated by Manohar Lal Khattar, organised by Bureau of Energy Efficiency, with theme “Electrifying Growth. Empowering Sustainability. Connecting Globally”, and featured launch of Indian Carbon Market Portal. 5. Government Launches CGSMFI 2.0 to Boost

Daily Current Affairs Quiz23 March, 2026 National Affairs 1. Corporate Law Reforms and Finance Bill Source: ET Context: In a significant legislative move during the Budget Session 2026, Union Finance Minister Nirmala Sitharaman is set to introduce the Corporate Laws (Amendment) Bill, 2026 in the Lok Sabha, alongside the consideration and passage of the Finance Bill, 2026. These measures are central to advancing India’s economic reforms, regulatory simplification, and fiscal governance. Corporate Laws (Amendment) Bill, 2026 The proposed bill seeks to amend: Key Reform Focus Finance Bill, 2026 The Finance Bill, 2026 is listed for consideration and passing in the Lok Sabha. Core Purpose Other Key Legislative Business In the Rajya Sabha, Union Home Minister Amit Shah is scheduled to introduce the Central Armed Police Forces (General Administration) Bill, 2026, aimed at: Additionally, the Appropriation (No. 2) Bill, 2026—already passed by Lok Sabha—will be taken up for consideration, authorising expenditure from the Consolidated Fund of India. 2. Exercise Lamitiye 2026 Source: PIB Context: Exercise Lamitiye 2026 is a bilateral military exercise between India and Seychelles, conducted in March 2026. The name “Lamitiye” means “friendship” in Creole, reflecting the close strategic ties between the two nations. Key Highlights Phases of the Exercise Harbour Phase Sea Phase MAHASAGAR Vision The mission aligns with India’s strategic doctrine: 3. National DMF Summit 2026 Source: ET Context: The Ministry of Mines will organise the National District Mineral Foundation (DMF) Summit 2026 on 23–24 March 2026 at SCOPE Convention Centre. The summit focuses on improving the effective and outcome-oriented utilisation of DMF funds, especially in Aspirational Districts and Blocks. Theme of the Summit “Effective Utilization of District Mineral Funds for ADP/ABP Areas” Objectives of the Summit What is DMF? Banking/Finance 1. SEBI Board Meet 2026 Context: The Securities and Exchange Board of India is set to deliberate on a broad reform agenda aimed at improving market efficiency, investor participation, and regulatory ease. A major focus of the meeting is easing operational constraints for Foreign Portfolio Investors (FPIs). Key Proposal: Netting of Funds for FPIs Current System: Gross Settlement This leads to: Proposed Reform: Net Settlement SEBI is considering allowing netting of funds, meaning: Example: 2. Bank of Baroda Launches UPI-Linked Credit Line for Women SHGs Source: TOI Context: In March 2026, Bank of Baroda introduced a UPI-linked overdraft (OD) facility for verified women Self-Help Group (SHG) members holding accounts under Pradhan Mantri Jan Dhan Yojana. This makes BoB the first bank in India to roll out such a digital micro-credit solution integrated with UPI. Key Features of the Initiative 1. UPI-Linked Overdraft Facility 2. Maximum Credit Limit 3. Target Beneficiaries Key Institutional Partners The initiative has been implemented in collaboration with: 3. RBI Imposes ₹31.80 Lakh Penalty on HSBC India for Deposit Norm Violations Source: BS Context: In March 2026, the Reserve Bank of India (RBI) imposed a monetary penalty of ₹31.80 lakh on HSBC India for non-compliance with regulatory guidelines related to inoperative accounts and unclaimed deposits. Key Violations Identified The RBI flagged multiple compliance lapses: About DEA Fund and UDRN Nature of the Penalty 4. RBI Central Board Approves Budget 2026–27 and Utkarsh 3.0 Context: The Central Board of Directors of the Reserve Bank of India (RBI) approved the Bank’s budget for FY 2026–27 and its Medium-Term Strategy Framework – Utkarsh 3.0 (2026–29) during its 622nd meeting held in Patna under the chairmanship of Sanjay Malhotra. What is Utkarsh 3.0? Utkarsh 3.0 is the Medium-Term Strategy Framework (MTSF) of the Reserve Bank of India for the period 2026–2029. It outlines the RBI’s strategic priorities, reform agenda, and institutional goals to strengthen India’s financial system over the next three years. It is the third phase of RBI’s “Utkarsh” strategy series, following earlier versions (Utkarsh 1.0 and 2.0). Key Objectives of Utkarsh 3.0 1. Strengthening Financial Stability 2. Improving Regulatory and Supervisory Framework 3. Promoting Digital Transformation 4. Enhancing Monetary Policy Effectiveness 5. Financial Inclusion and Consumer Protection 6. Internal Capacity Building Key Highlights: 1. Approval of Budget and Strategy 2. Economic Assessment by the Board Agriculture 1. Real-Time Crop Monitoring & AI in Agriculture Source: BL Context: With rising concerns over food adulteration, misleading labels, and lack of traceability, consumers are increasingly demanding transparency in food supply chains. Traditional systems remain efficient but opaque, creating a trust deficit. Emerging technologies such as Artificial Intelligence (AI), digital sensors, and real-time monitoring systems are now enabling a shift toward data-driven, transparent, and trust-based agricultural ecosystems. What is Real-Time Crop Monitoring? Real-time crop monitoring refers to the use of: to continuously track: This data is recorded throughout the crop cycle, creating a credible digital record of production. Bridging the Transparency Gap Problem in Current System Technological Solution This allows consumers to access: Role of AI in Food Supply Chains AI enhances transparency by: Facts To Remember 1. Bhupathiraju Anmish Varma Sets Guinness Record for Seven Volcanic Summits Bhupathiraju Anmish Varma set a Guinness World Record for fastest ascent of Seven Volcanic Summits in 92 days. The expedition spanned continents from Mount Elbrus to Antarctica’s Mount Sidley. The record was recognised in February 2026 and awarded in Delhi. It highlights endurance and global mountaineering excellence. 2. William Dalrymple Wins Mark Lynton History Prize 2026 William Dalrymple won the Mark Lynton History Prize 2026 for his book “The Golden Road”. The award is administered by the Columbia University and Nieman Foundation. It carries a USD 10,000 prize for excellence in historical writing. The book highlights India’s global historical influence. 3. Rituparna Sengupta Honoured at UK Parliament for Women Empowerment Rituparna Sengupta received the Women Empowerment Award at the House of Commons. The honour recognises her contribution to arts and culture. It was presented during an International Women’s Day event. The award highlights Indian cultural influence globally. 4. NIOT Tests Indigenous Floating LiDAR Buoy for Offshore Wind and Forecasting National Institute of Ocean Technology tested an indigenous Floating LiDAR buoy off Tamil Nadu coast. It measures offshore wind speed up to 300 metres using laser technology. The system improves weather