Current Affairs 02 March 2026

After 67 years, Jammu & Kashmir achieve historic Ranji Trophy victory.

• Jammu and Kashmir cricket team win Ranji Trophy 2025-26 in their maiden final.
• Defeated eight-time champions Karnataka cricket team with a 291-run first-innings lead.
• Match held at KSCA Cricket Stadium.
• Captained by Paras Dogra; victory celebrated with Chief Minister Omar Abdullah in attendance.
• J&K becomes only the 10th team in 92 years to win Ranji Trophy on debut final.

UAE leads global innovation with AI-backed sovereign financial cloud for secure finance.

• Central Bank of the UAE launches world’s first AI-powered Sovereign Financial Cloud Services Infrastructure (SFCSI).
• Developed in partnership with Core42 (subsidiary of G42).
• Platform ensures data sovereignty, cybersecurity, and secure digital finance within UAE borders.
• Announced on 27 February 2026, strengthening regulatory oversight of banking operations.
• Positions UAE as a global leader in sovereign digital finance and cloud-based financial systems.

Major inland waterway initiatives launched on Brahmaputra at Dibrugarh.

• Sarbananda Sonowal inaugurated three major inland waterways projects on National Waterway-2 (Brahmaputra) in Dibrugarh, Assam.
• Projects include:
• Bogibeel Customs & Immigration Complex
• Dhubri Customs & Immigration Complex
• Renovated IWAI Heritage Building
• Aimed at boosting trade, logistics, tourism, and cross-border connectivity in Northeast India.
• Initiative described as a balance of Vikas and Virasat, supporting regional development under Narendra Modi’s leadership.

PM Narendra Modi inaugurates Micron’s semiconductor ATMP plant in Sanand.

• Narendra Modi inaugurates Micron Technology’s Semiconductor ATMP facility in Sanand, Gujarat on 28 Feb 2026.
• Facility focuses on Assembly, Test, Marking, and Packaging (ATMP); marks start of commercial production.
• Strengthens India’s position in the global semiconductor value chain under the India Semiconductor Mission.
• Boosts AI, chip manufacturing, and technology leadership, shifting focus from software to hardware.
• Considered a milestone in India’s semiconductor journey and hardware innovation roadmap..

Ayatollah Ali Khamenei confirmed killed in joint US–Israeli military strikes.

• Ayatollah Ali Khamenei confirmed killed in coordinated US–Israel strikes.
• Announcement made by Iranian state media.
• Khamenei was Iran’s most powerful political and religious figure.
• Development triggers massive retaliation and heightens Middle East tensions.
• Marks a major escalation with potential to reshape the region’s political landscape.