Daily Current Affairs – March 11, 2026

US Ambassador Sergio Gor lauded India as a "great partner" in stabilizing global oil prices, acknowledging New Delhi's Russian oil purchases as part of these efforts. This statement follows US Treasury Secretary Scott Bessent's announcement of a "permission" for India to buy Russian oil already on ships, aiming to ease global supplies amid the West Asia conflict.

A West Midlands trade mission to India has boosted economic and cultural links. The delegation met with Indian business leaders to explore new partnerships. Agreements were signed in energy, technology, and education. This collaboration follows the UK-India Free Trade Agreement. The mission aimed to create jobs and investment for the West Midlands region.

Rajya Sabha continues discussion on the working of the Ministry of Rural Development; Opposition leaders have complained about the vacant deputy Speaker post, microphones being switched off, Opposition members being disallowed to speak, etc.

Pinarayi Vijayan says Centre’s decision to hike cooking gas prices, including for households, will exacerbate the cost-of-living crisis and upend family budgets

With the widening West Asia conflict disrupting energy supplies, many hotels, restaurants across the country on Tuesday claimed that they were facing hardships due to a shortage of commercial LPG cylinders

Hotel associations and several hoteliers have warned that non-availability of cooking gas would force many units to shut their shops With the ongoing conflict in West Asia disrupting the global energy supply chain, India is facing a supply issue with cooking gas

Indian stock markets are facing pressure. Benchmark indices are struggling to move higher. Experts believe the market trend is still downwards. Traders are cautious about investing fresh capital. Some sectors like sugar and pharmaceuticals may offer opportunities. These sectors are seen as potentially resilient during this period of market uncertainty.

Japanese ​shares extended their rally for a ​second session on Wednesday, as investors bought beaten-down stocks, ​and worries eased about global oil supplies amid the Middle East conflict.

As groundwater levels decline, labour costs rise and climate plays havoc, policymakers and scientists are increasingly promoting direct seeded rice (DSR) as a more viable alternative to traditional rice cultivation. However, there are stumbling blocks hindering its wider adoption.

The most significant modification is about how bad loans are treated while calculating profits available for dividend distribution. In the draft proposal issued on 6 January, banks were required to deduct 100% of their net non-performing assets from profit to arrive at adjusted profit after tax.