Forest ServicesDaily Current Affairs — 2 April 2026
5 articles • UPSC Prelims & Mains
War in the Middle East has Exposed the Vulnerability of Global Choke Points
Context The conflict around the Strait of Hormuz has highlighted how modern power still runs through a surprisingly small number of vulnerable trade routes. About During the First World War, the struggle over the Dardanelles was driven by the strategic importance of a narrow waterway linking the Mediterranean to the Black Sea. The Dardanelles is a strategically significant strait that serves as a natural boundary between Europe and Asia, separating the Gallipoli peninsula in Eastern Europe from
Parliament Passes Insolvency and Bankruptcy Code Bill, 2026
Context The Parliament has passed the Insolvency and Bankruptcy Code (Amendment) Bill, 2026. What is Insolvency and Bankruptcy Code (IBC), 2016? IBC was introduced in 2016 to address rising Non Performing Assets and ineffective debt recovery mechanisms in India.
India rapidly positioning itself as global electro-tech manufacturing hub: WEF
Context As per the World Economic Forum, India is positioning itself as a global electro-tech manufacturing hub by leveraging low-cost solar energy and battery technology bypassing the fossil fuel-heavy growth model followed by Western economies and China. Major Highlights India’s push for energy sovereignty could serve as a fast-track model for emerging economies. Electric Vehicles: Passenger electric vehicles nearing 5% of total sales, while electric three-wheelers account for nearly 60% of th
Row Over FCRA Amendment Bill 2026
Context Recently, the Union Government has deferred discussion on the FCRA Amendment Bill, 2026 which triggered political controversy, especially ahead of the Kerala Assembly elections. About Foreign Contribution (Regulation) Act (FCRA) It is a key legislation that regulates the acceptance and utilisation of foreign funds by individuals, NGOs, and associations in India. It is administered by the Union Ministry of Home Affairs (MHA).
New Income Tax Act, 2025
Context The Income Tax Act, 2025 replaces the Income Tax Act, 1961 with effect from April 1, 2026, with the objective of enhancing transparency, predictability, and ease of compliance. Key Features of the Act Introduction of ‘Tax Year’: The Act replaced the terms ‘Assessment Year’ and ‘Previous Year’ with a single, unified concept called the ‘Tax Year’. It has been defined as the twelve-month period of the financial year commencing on the 1st April.