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Economy

IRDAI Mandates Indian Accounting Standards (Ind AS) for Insurers from April 2026

Ind AS in Insurance: Aligning with Global Financial Norms The Insurance Regulatory and Development Authority of India (IRDAI) has officially mandated the adoption of Indian Accounting Standards (Ind AS) for all insurance companies effective from April 1, 2026. This move marks the final convergence of India’s massive insurance sector with International Financial Reporting Standards (IFRS).

Economy

RBI Mandates Two-Factor Authentication (2FA) for Digital Payments from April 2026

RBI’s New 2FA Rules: Strengthening the Security of Digital India To safeguard citizens against the rising tide of sophisticated cyber fraud, the Reserve Bank of India (RBI) has made Two-Factor Authentication (2FA) mandatory for all digital payment transactions effective from April 1, 2026. This framework shifts India's payment security from a rule-based model to a principle-driven, risk-based approach.

Economy

Income Tax Act 2025: A New Era of Simplified Taxation in India

Income Tax Act 2025: Streamlining the Direct Tax Landscape The Income Tax Act, 2025, has officially come into effect from April 1, 2026, completely replacing the six-decade-old Income Tax Act of 1961. This historic reform aims to simplify the tax code, reduce litigation, and enhance ease of compliance for taxpayers.

National

Census 2027: India Launches Its First Fully Digital Census Operations

Census 2027: India Transitions to a Paperless Digital Enumeration India has officially embarked on its 16th National Census, marking a revolutionary shift from traditional paper-based methods to a fully digital format.

Science & Tech

World Backup Day Observed on March 31 to Promote Digital Data Protection

World Backup Day is observed every year on March 31 to remind people about the importance of protecting their digital data. The day encourages individuals and organisations to keep backup copies of important files, photos and documents so that information is not lost due to device failure, theft, accidental deletion or cyber attacks.

National

Kailash Satyarthi Releases New Book 'Karuna: The Power of Compassion'

Kailash Satyarthi has released a new book titled 'Karuna: The Power of Compassion'. Satyarthi is a Nobel Peace Prize laureate known for his long campaign against child labour and for the rights of children. Through this book, he presents compassion, or 'karuna', as a force capable of bringing positive change in individuals and in society.

International

Sikkim's Stuti Pradhan Selected to Represent India at World Youth Parliament

Stuti Pradhan from Sikkim has been chosen to represent India at the World Youth Parliament. The forum gives young people from different countries a platform to discuss global issues and present their views on policy and governance.

Science & Tech

India's First Microalgae-Based Air Purification Tower Installed in New Delhi

India's first air tower based on microalgae has been set up in New Delhi to cut vehicular air pollution. Installed near the Aerocity highway as a pilot project, it is testing a new approach to pollution control.

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