22nd-23rd February 2026 Current Affair

Daily CA One-Liners: 22nd & 23rd February

• Gujarat’s Budget for the financial year 2026–27 was tabled in the State Legislative Assembly at Gandhinagar by Finance Minister Kanu Desai.

• Madhya Pradesh Finance Minister Jagdish Devda presented the State Budget 2026–27 in the Legislative Assembly.

• India registered a Guinness World Record after securing 2,50,946 verified pledges advocating responsible use of Artificial Intelligence within a 24-hour period.

• The Gujarat Legislative Assembly passed the Gujarat Shops and Establishments (Amendment) Bill 2026, introducing provisions for night shifts for women, extending permissible daily working hours to 10 hours, and enhancing the overtime ceiling to 144 hours.

• India and France jointly launched the Indo-French Centre for Artificial Intelligence in Health at AIIMS New Delhi during the Rencontres Universitaires et Scientifiques de Haut Niveau 2026.

• Eight-year-old Ranvir Sachdeva achieved recognition as the youngest speaker at the India AI Impact Summit 2026 held at Bharat Mandapam, New Delhi.

• The Food Corporation of India entered into a five-year Memorandum of Understanding with the World Food Programme to reinforce collaboration on global food security initiatives.

• Amazon surpassed Walmart to emerge as the world’s largest company by annual revenue in 2026.

• The Reserve Bank of India imposed a monetary penalty of ₹38.60 lakh on UCO Bank for non-compliance with regulatory guidelines.

• The National Payments Corporation of India introduced the ‘UPI One World’ Wallet aimed at facilitating digital payments for international delegates attending the India AI Impact Summit.

• GIFT City formalised an MoU with the Arun Jaitley National Institute of Financial Management (AJNIFM), Faridabad, to promote cooperation in financial management and capacity building.

• Switzerland was selected to host the 2027 AI Summit in Geneva, while the United Arab Emirates will organise the 2028 edition.

• Japan cancelled its long-running Cherry Blossom Festival at Arakurayama Sengen Park due to concerns related to overtourism and community impact.

• India and Israel signed a Memorandum of Understanding to deepen defence cooperation, including knowledge exchange, industrial partnerships, and technological collaboration.

• India’s Gaganyaan mission achieved a key milestone with the successful qualification-level load testing of the Drogue Parachute at DRDO’s RTRS facility in Chandigarh.

• The Indian Navy conducted three major international engagements at Visakhapatnam between 15–25 February 2026, including Exercise MILAN 2026, International Fleet Review 2026, and the IONS Conclave.

• Assam Chief Minister Himanta Biswa Sarma launched the Provincialization Management System (PMS) Portal to streamline administrative processes for venture educational institutions.

• The Ministry of Power constituted specialised committees to oversee the proposed merger of Power Finance Corporation (PFC) and REC Limited.

• The Tata Group partnered with OpenAI to establish India’s first large-scale AI-ready data centre under the Stargate initiative.

• ISRO