Current Affairs 01 March 2026

India sets up a high-reward program focused on verified pollution reduction outcomes.

• India launches its first results-based environmental award, the Zero Prize, in New Delhi.
• ₹1 crore each for verified reductions in air, water, and land pollution.
• Rewards tied to independent monitoring and measurable on-ground impact.
• Marks a shift toward accountability-driven, outcome-based environmental action in India.

SEBI announces major changes to mutual fund framework for 2026.

• Securities and Exchange Board of India (SEBI) overhauls mutual fund regulations.
• Fund categories expanded from 36 to 40; life-cycle funds introduced.
• Stricter true-to-label norms and limits on portfolio overlap enforced.
• Higher gold and silver exposure allowed in select equity and hybrid schemes.
• Reform comes as India’s mutual fund industry nears $900 billion in size.

Hindustan Oil Exploration Company appoints Baroruchi Mishra as CEO.

• Hindustan Oil Exploration Company (HOEC) approves CEO transition.
• Baroruchi Mishra to take charge as CEO from April 1.
• Board clears move under succession and strategic growth plan.
• Aims to strengthen oil & gas exploration, production, and operational efficiency.
• Signals continuity with focus on long-term energy expansion.

Wankhede Stadium names a stand after former India captain Ravi Shastri.

• Wankhede Stadium to name a stand after Ravi Shastri.
• Decision approved by Mumbai Cricket Association (MCA).
• Three stadium gates to be named after:
• Dilip Sardesai
• Eknath Solkar
• Diana Edulji
• Move honours their contributions to Mumbai and Indian cricket.

Historic India sets the highest-ever T20 World Cup score.

• India national cricket team scores 256/4 vs Zimbabwe national cricket team in Super 8 clash.
• Match played at MA Chidambaram Stadium on 26 Feb 2026.
• Total is India’s highest-ever T20 World Cup score and second-highest in tournament history.
• Key performers: Abhishek Sharma, Hardik Pandya, Tilak Varma.
• India wins by 72 runs, powering a record-breaking victory.