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Daily Current Affairs – 28 February, 2026

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    New GDP Series Upgrades FY26 Growth to 7.6%

    Context

  • According to the new series, the gross domestic product (GDP) is estimated to grow at 7.6% during the current fiscal.

    • About

  • The new series has revised downward the growth for 2023-24 to 7.2% from the 9.2% estimated in the old series, and has revised upward the growth for 2024-25 to 7.1% from the earlier estimate of 6.5%.
  • The base year for GDP Estimates has been revised from 2011–12 to 2022–23 to better reflect India’s evolving economic structure.
  • The revised GDP series strengthens estimation by integrating new, improved data sources.
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    Casebook on AI and Gender Empowerment 

    Context

  • The Casebook on AI and Gender Empowerment was launched at the India AI Impact Summit 2026.

    • About

  • Developed By: IndiaAI Mission under the Ministry of Electronics and Information Technology (MeitY) in partnership with UN Women and supported by the Ministry of Women and Child Development (MoWCD).
  • The casebook brings together 23 real-world AI solutions from across the Global South that demonstrate measurable impact on gender equality and women's empowerment.
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    India Bhutan Cooperation on HydroPower Projects

    Context

  • India and Bhutan have reaffirmed their longstanding partnership in water resources management and hydropower development during a high level visit by an Indian delegation to Bhutan.

    • India-Bhutan Hydropower Relations

  • Early Cooperation: Indo–Bhutan hydropower cooperation began in 1961 with the signing of the Jaldhaka agreement.
  • The Jaldhaka project is located on the Indian side of the border in West Bengal, and most of the power generated was exported to southern Bhutan.
  • A major milestone came in 1987 with the commissioning of the 336 MW Chukha Hydropower Project.
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    16th Finance Commission (FC): Push to Urban Local Governments

    Context

  • Recently, the 16th Finance Commission (FC) report, tabled in Parliament, has significantly enhanced the share of grants to Urban Local Bodies (ULBs), signalling a structural shift in India’s fiscal federalism in favour of urban governance.

    • Key Highlights of the 16th FC For ULBs

  • Increased Share for Urban Local Bodies: Share of grants to ULBs increased to 45%; (36% in 15th FC, & 26% in 13th FC).
  • Sharp Rise in Absolute Allocation: Recommended grants to ULBs: ₹3.56 lakh crore;
  • More than double the 15th FC’s ₹1.55 lakh crore;
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    News In Short 28-02-2026

    In News

  • Pakistan recently launched Operation Ghazab lil-Haq, a series of cross-border strikes against Afghan Taliban targets along the disputed Durand Line.

    • About

  • The 2,640 km Durand Line, drawn in 1893 by British diplomat Sir Mortimer Durand and Afghan Amir Abdur Rahman Khan, separates Pakistan from Afghanistan but splits Pashtun tribes. 
  • Afghanistan has never fully recognized it as a legitimate border, viewing it as a colonial imposition. Disputes over the line have fueled decades of tensions, including fencing efforts and militant crossovers.
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