Daily Current Affairs – March 8, 2026

India's economy is booming, fueled by a strong services sector attracting global firms. This growth is making India a major economic power. However, benefits are not reaching everyone equally. Many still rely on agriculture, and job creation for the growing workforce is a key challenge. Experts believe sustained high growth is needed to lift all citizens.

India's energy imports are flowing smoothly from non-Hormuz routes, ensuring citizens' needs are met amidst global market uncertainty. Qatar has guaranteed LNG supply continuity, and the country holds surplus LNG stock with offers from numerous nations. Cargo movements near the Strait of Hormuz may resume soon following Iran's pledge.

This is the last budget of the AAP government in Punjab before it goes to polls early 2027

The Coast Guard vessel docked at the Vizhinjam harbour in Thiruvananthapuram, Kerala. Emergency responders rushed the rescued fishers to the Government Medical College for critical care 

Sri Lankan authorities said the survivors from the Dena were being handled according to international humanitarian law, and the government had contacted the International Committee of the Red Cross for assistance

The initiative was organised by Dhiraj Jain, a businessman based in the UAE, who offered his property to those left stranded

Indian equities extended losses as escalating US-Iran tensions pushed crude prices higher, dampening investor sentiment. Rising US bond yields and a stronger dollar have triggered risk-off behaviour among foreign investors. Analysts say volatility may persist, though selective value-buying opportunities could emerge for long-term investors amid geopolitical uncertainty and market weakness.

Indian equities are set for a weak start on Monday after global markets ended the week sharply lower. Rising crude oil prices following escalating Middle East tensions and a selloff in US stocks have dampened sentiment. Analysts warn markets may remain volatile as investors track oil prices, foreign flows and geopolitical developments.

On Friday, US Treasury Secretary Scott Bessent said Washington would allow a 30-day waiver for Indian refiners to purchase Russian oil stranded at sea, offering temporary relief amid global supply concerns.

State Bank of India has launched a USD 500 million syndicated social term loan focused on women empowerment, marking a significant step in ESG financing. 

England, who lost to India in the second semifinal on March 5, departed from Mumbai on March 7 evening on a direct charter flight to London

Spain's Alcaraz was untroubled by the former world number three from Bulgaria, pushing his perfect 2026 match record to 13-0 in just 66 minutes.