07 March, 2026
GK Update
Sat 14 Mar, 2026
National News
Inauguration and Foundation Stone Laying of Development Projects in Kolkata and Silchar

- In March 2026, Prime Minister Narendra Modi inaugurated and laid the foundation stones for major infrastructure, connectivity, and port projects worth over ₹18,680 crore in Kolkata (West Bengal) and over ₹23,550 crore in Silchar (Assam).
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Kolkata (WB) – Key Points of Projects Worth ₹18,680 Crore+:
Silchar (Assam) – Key Points of Projects Worth ₹23,550 Crore+:
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Notice Given in Parliament by Opposition MPs to Remove the CEC

- For the first time in the history of the Indian Parliament, 193 MPs of the INDIA alliance have submitted a formal notice in both the Lok Sabha and the Rajya Sabha seeking the removal of the Chief Election Commissioner (CEC) Gyanesh Kumar from his post.
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State News
Launch of Gujarat's First Sounding Rocket

- Gujarat successfully launched the state's first privately developed sounding rocket from Dholera.
- Built by an Ahmedabad-based startup (Omspace), this single-stage rocket ascended to an altitude of 3 km and carried a mini-satellite to collect weather data.
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Economy and Banking
SEBI Permits Intra-Day Borrowing

- SEBI has permitted mutual funds to engage in intra-day borrowing to address temporary liquidity shortfalls during redemptions.
- Mutual funds are generally permitted to borrow up to 20 percent of a scheme's Net Asset Value (NAV) for a maximum tenure of six months to meet requirements such as redemption payouts, income distribution, or the settlement of certain transactions.
- This 20 percent borrowing limit will not apply to intra-day borrowing, provided that the funds comply with specific conditions stipulated by SEBI.
- SEBI has also prescribed the permissible limit for intra-day borrowing.
- This amount must not exceed the value of guaranteed receivables due on the same day from the Central Government, the Reserve Bank of India (RBI), or the Clearing Corporation of India Ltd.
- The new framework will come into effect on April 1st.
Securities and Exchange Board of India (SEBI):
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The SEBI Board comprises a total of 9 members:
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India's Foreign Exchange Reserves: March 2026

- India's foreign exchange reserves declined by US$ 11.68 billion to stand at US$ 716.81 billion in the week ended March 6.
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Approval of Supplementary Grants

- The Lok Sabha has approved supplementary grants for the financial year 2025-26, for which the government had sought authorization for gross additional expenditure amounting to ₹2.81 lakh crore.
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India's GDP Growth Forecast
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- In its 'Global Economic Outlook' report for March 2026, Fitch Ratings has raised its GDP growth forecast for India for the fiscal year 2025-26 (FY26) from 7.4% to 7.5%.
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Sports News
World Para Athletics Grand Prix 2026

- Delivering a historic performance at the World Para Athletics Grand Prix 2026, held in New Delhi, India secured the top spot on the medal tally by winning a total of 208 medals (75 gold, 69 silver, and 64 bronze).
- Russia finished in second place, while Bosnia and Herzegovina secured the third position.
- Approximately 257 athletes from eight nations—India, Russia, Nepal, Bhutan, Hong Kong (China), Serbia, Bosnia, and Egypt—participated in the competition.
- This event served as a crucial opportunity for international classification ahead of the 2026 World Para Athletics Championships and the 2028 Los Angeles Paralympics.
World Para Athletics Grand Prix:
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Global Governing Bodies:
Governing Bodies in India:
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India's 94th Grandmaster

- Mayank Chakraborty from Assam has become India's 94th Grandmaster.
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Grandmaster:
International Chess Federation (FIDE):
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Art and Culture
'Tribes Art Fest 2026'

- The Union Ministry of Tribal Affairs organized the 'Tribes Art Fest 2026' (TAF 2026) at Travancore House in New Delhi.
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'Adi Parab Mahotsav 2026'

- The 'Adi Parab Mahotsav 2026' is being organized in Raipur, Chhattisgarh, under the theme 'From Tradition to Identity'.
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Person In News
Kushal Das

- Kushal Das, former General Secretary of the All India Football Federation (AIFF), passed away at the age of 66.
- He assumed the post of General Secretary of the All India Football Federation in November 2010 and remained in the position until 2022.
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Important Days
'International Day of Action for Rivers'

- The 'International Day of Action for Rivers' is observed annually on March 14th with the objective of highlighting the importance of rivers, raising awareness regarding their conservation, and protecting them from pollution.
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