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International Day
Slavery Remembrance Day — 25 March
Observed on 25 March every year, the International Day of Remembrance of the Victims of Slavery and the Transatlantic Slave Trade was established by UNGA Resolution A/RES/62/122 (December 2007) and first observed in 2008. The 2026 theme is ‘Justice in Action’. The permanent memorial ‘Ark of Return’ at UN HQ was unveiled on 25 March 2015.
History
Slave Trade Act, 1807
The date 25 March references the British Parliament’s Slave Trade Act passed on 25 March 1807, which abolished the British transatlantic slave trade. Over 15 million Africans were trafficked over 400 years. The 2008 inaugural theme was ‘Breaking the Silence, Lest We Forget’.
Sports
Khelo India Tribal Games 2026
Held in Chhattisgarh (25 March – 3 April 2026) across Raipur, Jagdalpur, and Surguja, with over 2,300 athletes. Disciplines include Archery, Athletics, Football, Hockey, Weightlifting, Wrestling, plus Mallakhamb and Kabaddi as demonstrative events. The Khelo India programme is under Ministry of Youth Affairs and Sports (MYAS).
Budget & Governance
Delhi Budget 2026-27 Highlights
Delhi CM Rekha Gupta presented a budget of Rs 1,03,700 crore on 24 March 2026. Described as a ‘green budget’ under the vision ‘Viksit Delhi, Harit Delhi’, it allocates 21% to environmental initiatives. Delhi’s per capita income is third-highest in India at Rs 5,31,610 (7.92% growth). Tax revenue estimated at Rs 74,000 crore.
Economy
Goldman Sachs India GDP Forecast Revision
Goldman Sachs cut India’s 2026 GDP growth forecast to 5.9% (from a pre-conflict high of 7.0%), marking the second downgrade in a month. Triggers: Strait of Hormuz closure (20% of global oil), Brent crude at $105–$115/barrel, Rupee depreciation of 4%, and a widening Current Account Deficit projected at 2% of GDP.
Monetary Policy
Goldman Sachs India CPI & Repo Rate Forecast
Goldman Sachs revised India’s 2026 headline CPI inflation forecast to 4.6% (from 3.9%), still within RBI’s target band of 2–6%. The bank simultaneously forecasted a 50 basis point repo rate hike from the current 5.25% to combat inflation and prevent capital flight due to crude-driven price pressures.
Sports
Anahat Singh — JSW Indian Open 2026
Anahat Singh (World No. 20, aged 18) defended her JSW Indian Open title at CCI, Brabourne Stadium, Mumbai, defeating Hana Moataz (Egypt) 3-1 (11-5, 11-6, 9-11, 11-6). Her 16th PSA title overall — she became the youngest Asian to enter the PSA world top 20, surpassing Malaysia’s Nicol David. In the all-Indian men’s final, Abhay Singh beat Veer Chotrani 3-0.
Energy
India’s Coal Production Milestone
India crossed 1 billion tonne (BT) coal production on 20 March 2026 for the second consecutive year. India is the world’s 2nd largest producer and consumer of coal, with 74% of its electricity generated from coal-based thermal plants. Coal reserves rank 5th globally (after USA, Russia, Australia, China), sufficient for 60–70 years. Coal India Limited (CIL), HQ Kolkata, is the primary PSU.
Olympics
Squash at LA 2028 — Historic Olympic Debut
Squash will make its first-ever Olympic appearance at the Los Angeles 2028 Olympics, ending decades of exclusion despite global popularity. India has 4 men in the PSA world top 50. The JSW Indian Open 2026 was hosted at Cricket Club of India (CCI), Brabourne Stadium, Mumbai. Abhay Singh cited LA 2028 as his primary individual sporting goal.
Urban Governance
Delhi Jal Board (DJB) — Key Facts
The Delhi Jal Board (DJB) was established under the Delhi Jal Board Act, 1998 and is responsible for water supply and sewage treatment in the national capital. Delhi Budget 2026-27 allocated Rs 9,000 crore to DJB, including Rs 475 crore for the Chandrawal water treatment plant and Rs 454 crore for the Najafgarh drain.
🎴 Revision Flashcards
Click each card to flip and test your recall
Tap to Reveal
What is the 2026 theme of the International Day of Remembrance of the Victims of Slavery (25 March)?
Justice in Action
Established by UNGA Resolution A/RES/62/122 (2007); first observed 2008
Tap to Reveal
Which three cities are hosting the Khelo India Tribal Games 2026?
Raipur, Jagdalpur & Surguja
Chhattisgarh; 25 March – 3 April 2026; ~2,300 athletes
Tap to Reveal
What is the total outlay of Delhi Budget 2026-27 and what percentage is for green initiatives?
Rs 1,03,700 crore; 21% green
Vision: ‘Viksit Delhi, Harit Delhi’; presented by CM Rekha Gupta
Tap to Reveal
What was Goldman Sachs’ original (pre-Iran conflict) India GDP growth forecast for 2026?
7.0%
Cut first to 6.5% (13 Mar), then to 5.9% (24 Mar 2026)
Tap to Reveal
Who did Anahat Singh defeat in the JSW Indian Open 2026 women’s final, and what was the score?
Hana Moataz (Egypt); 3-1
11-5, 11-6, 9-11, 11-6; Anahat’s 16th PSA title; held at CCI Mumbai
Tap to Reveal
India crossed 1 BT coal production in March 2026 — for which consecutive year?
Second consecutive year
20 March 2026; 5th largest global reserves; 74% electricity from coal
Tap to Reveal
What is Goldman Sachs’ revised India CPI inflation forecast for 2026?
4.6%
Up from 3.9%; within RBI band of 2–6%; repo hike of 50 bps forecast
Tap to Reveal
At which Olympics will squash make its historic debut?
LA 2028 (Los Angeles)
First-ever inclusion; India has 4 men in PSA top 50; Abhay Singh won Indian Open 2026
Think & Discuss
India’s Economy Under Oil Shock: How Should Policy Respond?
Context from today’s quiz: Goldman Sachs has revised India’s 2026 GDP forecast down to 5.9% — from a pre-conflict high of 7.0% — following the Iran conflict and Strait of Hormuz disruptions that pushed Brent crude toward $115/barrel. Simultaneously, India’s CPI inflation has been revised upward to 4.6%, and the Rupee has depreciated 4% in 2026 alone. A 50 basis point repo rate hike is being forecast to contain inflation, even as growth slows.
🤔 Your Perspective Matters
India faces a classic policy dilemma in 2026: rising inflation demands higher interest rates, but a slowing economy calls for stimulus. With growth falling from 7% to under 6% and energy import costs surging, policymakers must choose between protecting purchasing power and sustaining growth momentum.
Should the RBI prioritise inflation control through rate hikes, or protect economic growth by keeping rates stable — and what does this mean for India’s long-term energy security strategy?
Should the RBI prioritise inflation control through rate hikes, or protect economic growth by keeping rates stable — and what does this mean for India’s long-term energy security strategy?
- India imports over 85% of its crude oil — how exposed is its macroeconomy to geopolitical disruptions in the Middle East, and what structural changes could reduce this vulnerability?
- The Delhi Budget 2026-27 allocates 21% to green initiatives even as an oil shock hits the economy — is this the right moment to accelerate the energy transition, or does it stretch an already strained fiscal budget?
- Goldman Sachs forecasts a repo rate hike of 50 bps — could tighter monetary policy in a high-oil-price environment deepen the slowdown, and how should India balance inflation targeting with supporting investment-led growth?
We’d love to hear your thoughts! Share your perspective in the comments.
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