Prime Minister Narendra Modi and Canadian Prime Minister Mark Carney held delegation-level talks at Hyderabad House, New Delhi, on March 2, 2026, culminating in the exchange of three bilateral agreements covering critical minerals cooperation, renewable energy promotion, and cultural cooperation. Both sides reaffirmed commitment to combating terrorism, extremism, and radicalization as shared global challenges and set an ambitious $50 billion bilateral trade target by 2030.
Source ↗NITI Aayog and the Japan International Cooperation Agency (JICA) signed the Record of Discussions (RoD) for Phase II of the 'Project for Promotion of the Program for Japan-India Cooperative Actions Towards Sustainable Development Goals' on March 3, 2026. The agreement strengthens the India-Japan development partnership, focusing on accelerating SDG achievement in India's Aspirational Districts (ADs) and Aspirational Blocks (ABs) through institutional capacity building, knowledge exchange, and evidence-based governance.
Source ↗Gross GST revenue reached ₹1,83,609 crore in February 2026, up 8.1% year-on-year from ₹1,69,779 crore in February 2025, reflecting resilient economic activity and strong compliance. Cumulative FY26 gross GST collections (up to February 28) stood at ₹20.27 lakh crore, marking an 8.3% year-on-year rise.
Source ↗The National Statistics Office has updated the GDP base year to 2022-23, replacing the previous 2011-12 series. Under the new estimates, India's real GDP is projected to reach Rs 322.58 lakh crore in FY26, reflecting a growth rate of 7.6%.
Source ↗India and the EU agreed to grant each other MFN status as part of the new Free Trade Agreement, which seeks to reduce tariffs on 96.6% of traded goods. The agreement is expected to double EU exports to India by 2032 while saving billions in costs for European companies.
Source ↗The penalty was issued due to regulatory non-compliance regarding the Fair Practices Code and deficiencies in handling consumer grievances. The RBI found the company failed to include terms for foreclosure fees in loan agreements and missed mandated timelines for escalating complaints.
Source ↗Ministry of Electronics and Information Technology (MeitY) unveiled an indigenously developed 30 kW Wide Band Gap (WBG)-based Integrated Drive System (IDS) for electric vehicles in Chennai on March 3, 2026. This breakthrough strengthens India's self-reliance in advanced power electronics, targets the growing electric passenger vehicle segment, and aims to reduce dependence on imported high-performance EV components.
Source ↗Gujarat Chief Minister Bhupendra Patel launched the Science, Technology and Innovation (STI) Policy 2026–2031 in Gandhinagar on March 2, 2026, aiming to position the state as a national leader in emerging technologies and innovation-led growth. The policy targets creation of 1 lakh highly skilled research professionals, 1,000 annual IP filings, and establishment of a ₹1,000 crore dedicated innovation fund.
Source ↗President Droupadi Murmu formally launched four Delhi government initiatives on March 2, 2026, aimed at empowering women through financial security, mobility, education support, and household relief. The launched schemes target economically weaker sections, girls, and homemakers, with direct benefit transfers and free services to promote long-term empowerment.
Source ↗American semiconductor company Micron Technology inaugurated one of the world's largest semiconductor clean room facilities in Gujarat, India. The facility focuses on Assembly, Testing, Marking, and Packaging (ATMP) and strengthens India's position in the global semiconductor supply chain. This project aligns with India's broader industrial strategy to promote domestic manufacturing and reduce import dependency.
Source ↗