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Published on Mar 31, 2026
Current Affairs
EduTips Daily CA Bullet Points (31 March 2026)
EduTips Daily CA Bullet Points (31 March 2026)

1) 🇮🇳National

  • PM Modi’s Gujarat Visit: Prime Minister Narendra Modi is scheduled to visit Gujarat today to inaugurate and lay the foundation stones for development projects worth over ₹19,800 crore. Key projects include the world’s largest hybrid renewable energy park in Khavda and various railway and road infrastructure upgrades.
  • Maoist-Free Deadline: Today, 31 March 2026, marks the ambitious deadline set by Union Home Minister Amit Shah for India to be entirely free of Maoist insurgency, targeting the elimination of the "Red Corridor."
  • CBDT Directive: Despite the public holiday for Mahavir Jayanti, Income Tax offices across India remain open today to facilitate the completion of pending departmental works and end-of-year financial closings.

2) 🌍International

  • West Asia Tensions: Geopolitical stability remains under pressure as Gulf allies reportedly urge the U.S. to maintain operations in the region until significant leadership changes occur in Iran.
  • Venezuela Diplomacy: The U.S. Embassy in Venezuela has officially resumed operations after a seven-year hiatus, signalling a shift in diplomatic relations and a push for regional business stability.
  • Birthright Citizenship Debate: The U.S. Supreme Court is set to hear oral arguments tomorrow (1 April) in the high-profile case Trump v. Barbara, challenging executive restrictions on birthright citizenship.

3) 💰Economy

  • FY26 Closing: Today is the final day of the Financial Year 2025-26. Critical deadlines for taxpayers include tax-saving investments (PPF, NPS), filing ITR-U for updated returns, and claiming Foreign Tax Credits using Form 67.
  • Stock Market Holiday: The BSE and NSE are closed today on account of Mahavir Jayanti. Trading will resume on 1 April 2026, which will also be a settlement holiday due to annual bank closing.

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  • New Tax Era: India prepares to transition to the New Income Tax Act effective tomorrow, 1 April 2026 (FY27), bringing significant changes to tax litigation and procedural norms.

4) 🗓️Date’s importance

  • Mahavir Jayanti: Today marks the 2624th birth anniversary of Lord Mahavira, the 24th Tirthankara of Jainism. The day emphasises the core principles of Ahimsa (non-violence), Satya (truth), and Aparigraha (non-attachment).

5) 👱‍♂️👩‍🦳Person of the day

  • Lord Mahavira: Reared as Vardhamana, he renounced royal life at 30 to seek spiritual awakening. His teachings formed the bedrock of Jain philosophy, influencing millions toward a path of compassion and self-discipline.

6) 🏅Sports

  • NBA Updates: Rising star Cooper Flagg (Dallas Mavericks) continues to make headlines with high scoring averages (20.4 PPG) in his rookie season, while veteran Ja Morant remains sidelined for the season due to a UCL sprain.
  • IPL 2026: Preparations and team rotations are in full swing as the Indian Premier League enters a crucial phase of the spring season.

7) 🏆Awards

  • iHeartRadio Music Awards 2026: Pop icon Taylor Swift dominated the awards, winning "Artist of the Year" and "Best Pop Album," breaking multiple industry records in the process.
  • Global Business Achievers Awards: Several Indian leaders and firms were honoured in New Delhi for excellence in AI-powered digital banking and contemporary real estate design.

8) ⭐️Other important significance

  • NASA Artemis II: Technical validations continue for the Artemis II mission, which aims to send humans back toward the Moon, marking a significant milestone in deep-space exploration systems.

📚Word of the day

  • Omniscience: The state of knowing everything.
    • Usage: Lord Mahavira attained Kevala Jnana, representing supreme omniscience in Jain tradition.