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Daily Current Affairs – 3 November, 2026

    India-Origin Buddha Relics to Be Enshrined in 108 Chortens in Bhutan

    Context

  • India-origin Buddhist relics will be enshrined in 108 Jangchub Chortens (stupas of enlightenment) that are being constructed under Project 108.

    • About Zung and Jangchub Chorten

  • The relics form part of the ‘zung’, the living embodiment of the Buddha’s enlightened body, speech and mind. 
  • The sacred components of the zung include thangkhas (traditional Tibetan Buddhist paintings on cotton or silk fabric), statues, precious stones, rolled mantra scrolls, or dharanis, and relics of enlightened beings.
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    International Day for Biosphere Reserves

    In News

  • International Day for Biosphere Reserves is observed every year on November 3.

    • What are Biosphere Reserves?

  • They  are areas identified by national governments for conserving biodiversity and promoting sustainable development.  
  • They protect natural habitats, maintain ecological balance and promote the sustainable use of biological resources. 
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    New Grievance Rules Under the VB-G RAM G Act

    Context

  • The Ministry of Rural Development notified the VB-G RAM G (Grievance Redressal) Rules, 2026, for addressing complaints related to the implementation of the VB-G RAM G Act, 2025.

    • Provisions of the Grievance Redressal Rules, 2026

  • Any person can submit a grievance relating to any matter arising out of or connected with the implementation of the scheme. 
  • This complaint or representation can be submitted orally, in writing, or through digital means. 
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    Grey Market in IPOs

    In News 

  • An unofficial IPO grey market is gaining traction in India amid a surge in companies raising funds through Initial Public Offerings (IPOs).

    • What is an IPO?

  • An Initial Public Offering (IPO) is the process through which an unlisted company offers its shares to the public for the first time and gets listed on a recognised stock exchange. 
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    News In Brief 03-11-2026

    Context

  • The Union Finance Minister reiterated the government’s resolve to support economic growth through sustained public capital expenditure (capex) and, at the same time, be fiscally prudent.

    • About Capital Expenditure

  • Capital Expenditure (Capex) refers to the expenditure incurred by the government to create, acquire or improve long-term physical and infrastructure assets that generate economic benefits over time. 
  • Key Features:
  • Asset creation: Leads to the creation of durable assets.
    • Read More
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