Daily Current Affairs Quiz: March 22-23, 2026

Notes:
The Mutual Credit Guarantee Scheme (MCGS) has been revised under Budget 2025–26 to improve credit support for MSME manufacturers and exporters. The scheme is implemented by the National Credit Guarantee Trustee Company Limited (NCGTC), which provides 60% guarantee coverage for loans up to ₹100 crore for machinery and equipment. The scheme is applicable to MSMEs with valid Udyam Registration, and its scope has now been expanded to include service sector MSMEs. The minimum project cost requirement for machinery has been reduced to 60% from the earlier 75%, making it easier for MSMEs to qualify.

Notes:
PRARAMBH 2026 (Policy Reform and Responsible Action for Mission Viksit Bharat) was launched by the Ministry of Finance as a nationwide awareness campaign on the Income Tax Act, 2025. The initiative aims to familiarise citizens with provisions of the new tax law, which will come into effect from 1 April 2026, through a multi-channel outreach including print, TV, radio, digital and social media. It offers taxpayer-centric resources such as guidance notes, brochures, tutorial videos, FAQs, and public engagement activities like the MyGov Quiz. The campaign adopts a multilingual approach, with materials released in 10 regional languages along with English and Hindi for wider accessibility.

Notes:
World Water Day is observed annually on 22 March (since 1993) as a United Nations observance highlighting the importance of freshwater resources. The idea originated in 1992 at the United Nations Conference on Environment and Development (Rio de Janeiro), after which the UN officially designated the day. The day supports Sustainable Development Goal 6 (clean water and sanitation for all by 2030). The theme for 2026 is “Water and Gender”, emphasizing the role of women and girls in water management. It raises awareness about water scarcity, pollution, and sanitation issues, encouraging global action for sustainable water use.

Notes:
Sarhul is a major Adivasi festival centred on nature worship, symbolising the union of the Sun and Earth and the renewal of life. The festival involves worship of the Sal tree, believed to be the abode of Sama Maa, and is celebrated by tribes like Oraon, Munda, Santal, Khadia and Ho. It is mainly observed in Jharkhand and parts of Odisha, West Bengal and Chhattisgarh. It is a three-day festival ending with a community feast, after which agricultural activities like sowing and ploughing begin, highlighting its link with livelihood and nature.

Notes:
The Global Terrorism Index 2026 is published by the Institute for Economics and Peace (IEP), a Sydney-based think tank, covering 163 countries (99.7% of global population). It ranks countries using a score from 0 to 10 based on the impact of terrorism, creating a comparative global index. Terrorism-related deaths fell by 28% and incidents declined by 22%, indicating an overall improvement. Sub-Saharan Africa remains the epicentre, with 6 of the 10 most affected countries located there. Pakistan ranked 1st (most affected) for the first time, while India ranked 13th.