Daily Current Affairs – March 3, 2026

Iran war: The recent turmoil in the Middle East could have serious economic repercussions for India. With more than just oil at stake, the potential impact on electronics exports and remittances from Indian workers in the Gulf has already raised alarms. As the rupee continues to falter, these challenges could lead to increased inflation and a growing current account deficit.

India and Canada have signed significant agreements on uranium and critical minerals. Both nations aim to boost bilateral trade to $50 billion by 2030. This partnership includes cooperation in defense, technology, and renewable energy. The leaders finalized terms for a comprehensive economic partnership agreement. This move signifies a reset in relations and unlocks new opportunities for both countries.

State government has asked recruitment departments/authorities to initiate recruitment for 56,432 posts with a cap of 50% in reservation and without internal reservation among Scheduled Castes

Prediction markets let users bet on the outcomes of real world events, but this has raised ethical questions about allowing people to profit from violence, war, and assassinations in Iran

Since U.S. and Israeli strikes on Iran and retaliatory attacks on Israel and Gulf states started on February 28, commercial flights have been halted or heavily restricted

Indian stock markets experienced a sharp downturn as geopolitical tensions escalated, with Sensex and Nifty seeing significant drops. Analysts anticipate continued short-term volatility due to the Iran-Israel-US conflict, though the long-term outlook for Indian markets remains robust, supported by strong domestic fundamentals and investor inflows.

Veteran investor Ramesh Damani sees immense opportunities in pharmaceuticals, infrastructure, and domestic manufacturing, despite global uncertainties. He highlights the significant GLP-1 drug market beyond just manufacturers, and advocates for equities over gold for long-term wealth creation. Damani believes India's structural growth story remains strong, urging investors to stay put and focus on quality businesses.

Bank holiday today: Lenders in cities across India have a holiday on 3 March for Holi, Holika Dahan, Dhulandi, Dol Jatra or Attukal Pongala, as per the official RBI calendar. Here's the full list of cities…

Private investors' commitment potentially marks the highest-ever annual commitment from the private sector in India’s roads sector. The push signals a renewed push to crowd in private capital after years of limited activity under BOT model.