🔶 Banking, Finance & Economic Indicators
India–Japan Bilateral Swap Arrangement Amendment
The RBI and Bank of Japan signed the Third Amendment and Restatement Agreement of the Bilateral Swap Arrangement to strengthen financial stability.
EPFO Interest Rate Decision
Employees’ Provident Fund Organisation retained the EPF interest rate at 8.25% for 2025–26.
Exam Relevance: Retirement savings policy | Social security finance.
SEBI Penalty on Coffee Day Enterprises
A ₹10 lakh penalty imposed for financial reporting irregularities.
Current Account Deficit Update
India’s CAD widened to $13.2 billion (3% of GDP) in Q3 FY26 due to an expanding merchandise trade deficit.
🔶 FinTech & Global Investment
Pine Labs Stablecoin Initiative
The fintech firm plans to launch a stablecoin-backed prepaid card across nine countries in the Middle East, Africa, and Southeast Asia.
India INX – HSBC Partnership
India INX Global Access IFSC partnered with HSBC’s IBU to provide Indian investors greater access to global investment products via GIFT City.
🔶 Trade & Customs Reforms
Eligible Manufacturer Importers (EMI) Scheme
Introduced by CBIC to facilitate import procedures and support domestic manufacturing under the Union Budget 2026–27 reforms.
🔶 Geopolitics & Strategic Maritime Routes
Strait of Hormuz Tensions
This key maritime chokepoint carries about 20% of global oil and LNG trade and is currently under geopolitical strain due to tensions involving Iran, the United States, and Israel.
🔶 Defence & Maritime Affairs
New Director General of Naval Armament
B. P. Singh assumed charge as DGONA at Naval Headquarters.
INS Sudarshini – Lokayan-26 Expedition
The naval sailing vessel reached Alexandria during its transoceanic training voyage, promoting maritime diplomacy and heritage.
🔶 Science & Evolutionary Research
Earliest Animal Fossil Evidence
Scientists identified evidence of early animal life in Precambrian rocks older than 541 million years, providing new insights into the evolution of complex organisms.
🔶 Obituary
K. P. Unnikrishnan
Veteran politician and former Union Minister passed away at the age of 90 in Kerala.
Month: Current Affairs - March 05, 2026
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