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5 March 2026 current affairs

🔶 Governance, Development & Public Policy

PM Development Initiatives in Rajasthan & Gujarat
Prime Minister Narendra Modi visited Rajasthan and Gujarat to launch major healthcare initiatives and inaugurate several large-scale industrial and infrastructure projects.
Exam Relevance: Public health infrastructure | Industrial development | Regional growth initiatives.


🔶 Energy Conservation & Sustainability

25th Foundation Day – Bureau of Energy Efficiency (BEE)
The Bureau of Energy Efficiency marked its 25th anniversary at India Habitat Centre, highlighting its contribution to promoting energy conservation and efficiency across sectors.
Significance: Energy efficiency policies | National energy conservation strategy.


🔶 Wildlife Conservation & Eco-Tourism

Indian Bison Fest – Odisha
The second edition of the Indian Bison Fest will take place at Debrigarh Wildlife Sanctuary in Sambalpur.
Importance: Promotes eco-tourism, wildlife awareness, and conservation of the Indian bison (gaur).

Project HANUMAN – Andhra Pradesh
Launched by Deputy Chief Minister Pawan Kalyan to address rising human–wildlife conflict.
Exam Angle: Wildlife management | Conflict mitigation strategies.


🔶 Industry & Manufacturing

Bharat Steel 2026 Summit
India will host a global steel summit in New Delhi bringing together stakeholders from steel, mining, technology, and trade sectors.
Relevance: Industrial policy | Steel sector modernization | Global industry collaboration.


🔶 State Economy & Budget

Haryana Budget 2026–27
Chief Minister Nayab Singh Saini presented a ₹2.23 lakh crore budget with a 28% increase over the previous year’s revised estimate.
Exam Focus: State fiscal expansion | Public investment priorities.


🔶 Institutional Milestones

Central Warehousing Corporation – 70th Foundation Day
CWC celebrated seven decades of strengthening India’s agricultural storage and logistics infrastructure.
Importance: Food security logistics | Warehousing infrastructure.


🔶 Science, Technology & Innovation

HCLTech – IIT Kanpur Partnership
Collaboration to translate AI and intelligent systems research into practical enterprise solutions for Global Capability Centers.
Exam Relevance: Industry–academia collaboration | AI commercialization.

Nagaland–IMD MoU
Department of Higher Education in Nagaland signed an agreement with the India Meteorological Department to enhance climate and weather research cooperation.

ISA – IIT Delhi Framework for Action
The International Solar Alliance and IIT Delhi formalized a partnership to strengthen renewable energy research and capacity building among ISA member countries.


🔶 International Relations & Diplomacy

India–Canada Relations Reset
Prime Minister Narendra Modi and Prime Minister Mark Carney issued a joint leaders’ statement to revitalise bilateral relations under the vision “Vasudhaiva Kutumbakam – One Earth, One Family, One Future.”
Exam Angle: Bilateral diplomacy | Global cooperation frameworks.


🔶 Sports Development

ASMITA Women’s Sports League – Special Edition
Announced by the Ministry of Youth Affairs and Sports to promote women’s participation in sports ahead of International Women’s Day.


🔶 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.

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