• Dispute: Primarily between Tamil Nadu and Karnataka
• Cause of the dispute: The dispute arose when Karnataka began constructing check dams and water diversion structures on the Markandeya river, a tributary of the Pennaiyar river.
• Tamil Nadu's stance: Tamil Nadu approached the Supreme Court in 2018. The state argues that the construction of dams by Karnataka in the upper reaches of the river will reduce the water flow to the lower riparian areas (Tamil Nadu), affecting the interests of farmers and residents there.

• Total Budget Size: ₹53.5 lakh crore
• Capital Expenditure: ₹12.2 lakh crore (compared to ₹11.2 lakh crore last year)
• Fiscal Deficit Estimate: 4.3%
• Tax Receipts Estimate: ₹28.7 lakh crore
• New Income Tax Act 2025: To be effective from April 1, 2026
• Basic Customs Duty completely waived on 17 cancer drugs
• TCS (Tax Collection at Source) on foreign travel packages and certain foreign remittances reduced from 5%-20% to 2%
• STT (Securities Transaction Tax) increased to 0.05% on futures and 0.15% on options
• Major Schemes: Launch of ISM 2.0 for the semiconductor sector announced. 3 new All India Institutes of Ayurveda + Advanced AYUSH Laboratories

• Launch of India Semiconductor Mission (ISM) 2.0 announced
• Electronic Components: The outlay for the Electronics Components Manufacturing Scheme (ECMS) has been increased from ₹22,919 crore to ₹40,000 crore.
• Biopharma SHAKTI: A new scheme has been launched with an outlay of ₹10,000 crore to promote the domestic production of biologics and biosimilars.
• Auto PLI: The allocation for the Production Linked Incentive (PLI) scheme for automobiles and auto components has been more than doubled to ₹5,940 crore.
• White Goods (AC/LED): The PLI allocation for this sector has been increased from ₹304 crore to ₹1,004 crore.
• Container Manufacturing: A new scheme has been announced with an allocation of ₹10,000 crore to make India globally competitive in container manufacturing.
• Industrial Clusters: 200 old industrial clusters will be revitalized through technology and infrastructure upgrades.
• Chemical Parks: 3 dedicated chemical parks will be established in collaboration with the states.
• Rare Earth Corridors: Special corridors will be developed in Odisha, Kerala, Andhra Pradesh, and Tamil Nadu to promote mining and manufacturing of rare earth elements.

• This allocation includes an amount of over ₹4,800 crore for the Department of Health Research. This represents a cumulative increase of over 194 percent compared to the health budget of 2014-15.
• The Ministry's plan component has seen an increase of over ₹6 crore, while the non-plan component has increased by over ₹2,500 crore, reflecting a balanced approach towards effective program implementation and institutional strengthening. Among the major programs, the allocation for the Pradhan Mantri Jan Arogya Yojana has been increased to ₹9,500 crore, the National Health Mission has been allocated over ₹39,000 crore, and the Pradhan Mantri Ayushman Bharat Health Infrastructure Mission has been allocated over ₹4,000 crore.

• Real GDP Growth: This is projected at 7.4 percent, higher than the 6.5 percent growth in the previous fiscal year (2024-25).
• Nominal GDP Growth: This is expected to be 8 percent.
• Projections for FY 2026-27: The Union Budget projects a nominal GDP growth rate of 10 percent for the next year (2026-27).
• Economic Survey 2025-26: The recently presented Economic Survey projects a real GDP growth rate of between 6.8 and 7.2 percent for the fiscal year 2026-27.
• Key Driving Sectors: The services sector (9.1%) has been the most significant driver of this economic growth, while the manufacturing and construction sectors are projected to grow at 7%.
• The total resources transferred to states through the Finance Commission are estimated to be ₹16.56 lakh crore in 2026-27.
• The Ministry has projected effective capital expenditure to be ₹17.15 lakh crore in 2026-27.

• Tax Sharing: The Commission has recommended maintaining the states' share in the Centre's divisible tax pool at 41%.
• Grants to States: For the financial year 2026-27, states will receive ₹1.4 lakh crore as Finance Commission grants. This includes grants for rural and urban local bodies and disaster management grants.
• Total Transfers: The total amount of tax transfers to states for the financial year 2026-27 is estimated at ₹15.2 lakh crore.

• Established: 1932 (Royal Indian Air Force)
• Motto: Nabhaḥ Spṛśaṁ Dīptam (Geeta 11)

• First Chief: Air Marshal Subroto Mukherjee
• Current Chief of Air Staff: Air Chief Marshal (ACM) Amar Preet Singh

Main Categories:

• Album of the Year: Bad Bunny – DeBÍ TiRAR MáS FOToS
• Record of the Year: Kendrick Lamar ft. SZA – "Luther"
• Song of the Year: Billie Eilish – "Wildflower"
• Best New Artist: Olivia Dean

Special and Historic Wins:

• Best Audiobook, Narration, and Storytelling Recording: Dalai Lama – The Art of Happiness (First win at age 90)
• Best Music Film: Steven Spielberg – Music by John Williams (Making him an EGOT winner)
• Pop and Rock:
• Best Pop Solo Performance: Sabrina Carpenter – "Manchild"
• Best Pop Vocal Album: Lady Gaga – Mayhem
• Best Rock Album: The Cure – Songs of a Lost World
• Best Rock Performance: Yungblud – "Changes"

Rap and R&B:

• Best Rap Album: Kendrick Lamar – GNX
• Best Rap Song: Kendrick Lamar – "Not Like Us"
• Best R&B Album: Lucky Daye – Algorithm
• Country and Jazz:
• Best Country Album: Post Malone – F-1 Trillion
• Best Jazz Vocal Album: Moonchild – The Green Room

Grammy Awards:

• Institution: National Academy of Recording Arts and Sciences
• Purpose: To recognize outstanding achievements in the music industry (singing, composing, producing)
• Trophy: An old-style gold gramophone, symbolizing the art form
• Categories: Awards are given in numerous categories (approximately 80-90+), including 'Album of the Year', 'Record of the Year', 'Song of the Year', and 'Best New Artist' History: The first ceremony was held on May 4, 1959.
• India's first prestigious Grammy Award was won by the great sitar maestro Pandit Ravi Shankar. He received this award in 1968 (according to some sources, 1967) in the 'Best Chamber Music Performance' category for his album 'West Meets East'.
• Pandit Ravi Shankar received a total of three Grammy Awards during his lifetime and a Lifetime Achievement Grammy Award in 2013.

• Prize Money: The winning team, Haryana Thunders, received ₹1.5 crore, and the runner-up, Delhi Dangal Warriors, received ₹75 lakh.
• Major Awards:
• Player of the Tournament: Turan Bayramov of Delhi Dangal Warriors (7 wins out of 7)
• Player of the Match: Neha Sangwan of Haryana Thunders
• Fighter of the Match: Raunak of Delhi (125kg category)

• Women's Singles: India's Devika Sihag won her first BWF World Tour title. Her opponent in the final match, Goh Jin Wei of Malaysia, retired due to injury.
• Men's Singles: Zaki Ubaidillah of Indonesia became the champion.
• Men's Doubles: The pair of Leo Rolly Carnando and Bagas Maulana (Indonesia) won the title.
• Women's Doubles: Amalia Cahaya Pratiwi and Siti Fadia Silva Ramadhanti of Indonesia emerged victorious.
• Mixed Doubles: Adnan Maulana and Indah Cahya Sari Jamil (Indonesia) won the gold medal.

Note: This tournament was special for India as 20-year-old Devika Sihag became the next Indian player after Saina Nehwal and PV Sindhu to win the Thailand Masters.

• Men's Singles: Carlos Alcaraz of Spain won his first Australian Open title, defeating 10-time champion Novak Djokovic in the final. With this victory, he became the youngest player to complete a career Grand Slam.
• Women's Singles: Elena Rybakina of Kazakhstan won her second Grand Slam and first Australian Open title, defeating defending champion Aryna Sabalenka in the final.
• Men's Doubles: The pair of Christian Harrison and Neal Skupski were crowned champions.
• Women's Doubles: Zhang Shuai and Elise Mertens won the title.
• Mixed Doubles: Olivia Gadecki and John Peers emerged victorious.
• Indian Success: India's Jency Kanabar won the Australian Open 2026 Asia-Pacific Elite Under-14 Championship.

• This year's (2026) theme: "Wetlands and Traditional Knowledge: Celebrating Cultural Heritage"
• This day was first celebrated in 1997.
• Significance: They are called the "Kidneys of the Earth" and are crucial for biodiversity.
• In February 2026, India added two new sites to its Ramsar list – Patna Bird Sanctuary (Etah district) in Uttar Pradesh and Chhari-Dhand Wetland (Kutch district) in Gujarat, bringing the total number of Ramsar sites in India to 98.