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Daily Current Affairs – 2 March, 2026

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    Securities and Exchange Board of India (SEBI) on Market Manipulators

    Context

  • The Securities and Exchange Board of India (SEBI) will enhance surveillance and enforcement on market manipulators and cyber fraudsters through technology and use Artificial Intelligence (AI).

    • Securities and Exchange Board of India (SEBI)

  • It is the regulatory authority for the securities and capital markets in India. 
  • It was established in 1988 and given statutory powers through the SEBI Act of 1992.
  • It falls under the administrative control of the Ministry of Finance.
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    Concerns over Sixteenth Finance Commission Recommendations 

    Context

  • The Sixteenth Finance Commission presented its recommendations amid concerns over rising cess and the balance between efficiency and equity, raising questions about effective devolution and equalisation.

    • What is the Finance Commission?

  • The Finance Commission is a constitutional body  constituted by the President of India under Article 280, that recommends how tax revenues collected by the Central government should be distributed among the Centre and various States in the country. 
  • The Commission is reconstituted every five years and usually takes a couple of years to make its recommendations to the Centre.
  • The Sixteenth Finance Commission was chaired by Arvind Panagariya and its recommendations cover the five-year award period from 2026–27 to 2030–31.
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    US-Israel-Iran War

    Context

  • Following the launch of Operation Epic Fury (U.S.) and Operation Roaring Lion (Israel), the geopolitical landscape has shifted fundamentally with the confirmed death of Iran’s Supreme Leader, Ayatollah Ali Khamenei.

    • More About the News

  • Iran retaliated with missile and drone attacks on U.S. facilities in Bahrain, Qatar, UAE, Kuwait, and Jordan.
  • Iran has effectively closed the Strait of Hormuz through threats and strikes on tankers, reducing shipping traffic by 70% and risking global oil supply disruptions.
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    Strengthening Allied Sector and Market Access

    Context

  • India’s agricultural progress is increasingly supported by the expansion of allied sectors such as livestock, dairy, poultry, and fisheries.

    • Allied Sectors in India

  • Within allied agricultural activities, livestock and fisheries have demonstrated relatively stable growth rates of approximately 5-6 %.
  • Between FY15 and FY24, the sector’s Gross Value Added (GVA) increased by nearly 195%, reflecting a compound annual growth rate (CAGR) of 12.77% at current prices.
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    Missile Defence Systems

    Context

  • The renewed hostilities between the United States-led coalition (including Israel and United Arab Emirates) and Iran have tested a newly integrated regional air and missile defence network in West Asia.

    • What is a missile defence system?

  • Missile defence refers to an integrated military system designed to detect, track, intercept, and destroy incoming missiles before they reach their intended targets, thereby protecting civilian populations, military installations, and critical infrastructure.
  • Missile defence systems rely on a network of satellites, radars, command centres, and interceptor missiles that work together in real time to neutralise threats.
  • Modern missile defence architecture is layered, meaning that multiple opportunities are created to intercept an incoming missile at different phases of its flight.
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    India’s Transformation Into a Global Health Powerhouse

    In Context

  • India is emerging as a global health leader through visionary governance, universal healthcare, and strong infrastructure, aiming for a prosperous Viksit Bharat by 2047.

    • Present status of India’s Health care 

  • India has emerged as a global health powerhouse through strong government leadership, expanding healthcare infrastructure, and a focus on universal health coverage. 
  • Flagship schemes provide public health insurance, free healthcare services, and subsidised medicines, aiming to ensure affordable and quality healthcare for all, especially vulnerable populations, as part of the vision for a developed India by 2047.
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    PM Inaugurates India’s First Semiconductor Plant

    Context

  • Prime Minister Narendra Modi inaugurated India’s first semiconductor facility at Sanand in Gujarat.

    • More About the News

  • The semiconductor plant has been set up by Micron Technology (an American chipmaker) as an Assembly, Testing, Marking and Packaging (ATMP) facility, with an investment of ₹22,516 crore at Sanand, Gujarat.
  • The facility will manufacture memory and storage products including: DRAM (Dynamic Random Access Memory), NAND Flash memory, and SSD (Solid State Drive) storage devices.
  • India had approved 10 projects under the Semicon India programme, and besides the Micron plant, three more would start production very soon, in Noida (Uttar Pradesh), Assam, Odisha and Punjab.
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    News In Short 02-03-2026

    In News

  • The Prime Minister  addressed the 350th Martyrdom Year (Shaheedi Samagam) of Guru Tegh Bahadur, paying tribute to his sacrifice and highlighting India’s legacy of bravery, harmony, and social unity.

    • Guru Tegh Bahadur 

  • He was born in 1621 in Amritsar to Guru Hargobind, the sixth Sikh Guru.
  • Originally named Tyag Mal for his ascetic nature, he was trained in scriptures and martial arts. 
  • At age 13, his bravery in battle earned him the name “Tegh Bahadur” (Brave of the Sword).
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