The Centre is planning to mobilise Rs 8 lakh crore through dated securities during the April-September period of 2025-26 to fund the revenue gap, the finance ministry said on Thursday. Out of the gross market borrowing of Rs 14.82 lakh crore estimated for 2025-26, Rs 8 lakh crore or 54 per cent is planned to be borrowed in the first half (H1) through the issuance of dated securities, including Rs 10,000 crore of Sovereign Green Bonds (SGrBs), according to an official statement.

Finance Minister Nirmala Sitharaman, in the Budget, proposed to borrow Rs 14.82 lakh crore by issuing dated securities to meet revenue shortfall in the next financial year.

The fiscal deficit is estimated to be 4.4 per cent of GDP for FY26 compared to 4.8 per cent of the GDP estimated for the current financial year.

In absolute terms, the fiscal deficit is pegged at Rs 15,68,936 crore for 2025-26.

The Unique Identification Authority of India (UIDAI), in collaboration with IIIT-Hyderabad has launched a large-scale competition to test age invariance in biometric algorithms.

The first phase of the Biometric SDK Benchmarking challenge focuses on fingerprint authentication, testing 1:1 matching algorithms for children aged 5-10 years, with updates after 5-10 years. UIDAI ensures that participant submissions are evaluated securely, with anonymized datasets and no sharing of data with participants.

Global Participation Encouraged:

Researchers and developers globally are invited to enhance their biometric models using UIDAI's unique, field-collected dataset for improving accuracy in real-world conditions.

The challenge runs from March 25, 2025, to May 25, 2025, with registration details available on the UIDAI website and https://biochallenge.uidai.gov.in/

The challenge offers prizes worth ₹ 7.7 lakhs (USD 9,000) and the opportunity to collaborate with UIDAI in advancing biometric technologies.

The Union Cabinet Friday approved the construction of 120-km-long four-lane access controlled Patna-Arrah-Sasaram corridor in Bihar. The project estimated to cost Rs 3,712 crore will be developed under the Hybrid Annuity Mode (HAM), a Public-Private partnership (PPP) model.

The corridor will be developed in two packages. The time frame for the 74.43-km-long stretch has been fixed at 24 months, and another 45.67-km-long patch will be completed in 30 months.

Upon completion, the corridor is expected to enhance the regional connectivity between key cities such as Lucknow, Patna, Ranchi, and Varanasi. The corridor will also provide connectivity to two airports, four major railway stations and one inland water terminal.

Former England and Lancashire player Peter Lever has passed away at the age of 84 following a short illness. He served as England’s bowling coach under Ray Illingworth and was inducted into the Lancashire Hall of Fame last year, according to a report by ESPNcricinfo.

During his career in the 1960s and ’70s, Lever claimed nearly 1,000 wickets for Lancashire. He earned 17 Test caps for England and also played in 10 One Day Internationals (ODIs).

Initially, Lever’s opportunities with England were limited due to intense competition among seam bowlers, and he had to wait until he was 30 to make his official debut. He had played for England against the Rest of the World in the summer of 1970, taking 7 for 83—including the dismissals of Graeme Pollock, Garry Sobers, and Clive Lloyd—but those matches later lost their Test status.

India continued its medal-winning streak at the 2025 Senior Asian Wrestling Championship in Amman, Jordan, securing one silver and two bronze medals on Thursday.

On Day 3 of the competition, Reetika won silver, while Muskan and Mansi Lather bagged a bronze each.

The standout performer of the day was Reetika, who won India’s first silver medal of the championship. She began her campaign with a dominant 10-0 victory over South Korea’s Seoyeon Jeong in the qualification round.

In a major upset, she defeated Japan’s strong contender, Nodoka Yamamoto, by fall in the semifinal. However, in a closely contested gold medal bout, she narrowly lost 6-7 to Kyrgyzstan’s Aiperi Medet Kyzy, settling for silver.

Helicopters dumped water over a burning forest in South Korea on Thursday as fire crews struggled to contain the country's worst-ever wildfires, which have killed 26 people, forced at least 37,000 others to flee their homes and destroyed more than 300 structures.

Multiple wildfires fuelled by strong winds and dry weather have been raging across South Korea's southeastern regions since last Friday. The government has mobilised thousands of personnel, dozens of helicopters and other equipment to extinguish the blazes, but gusty winds are hampering their efforts.

Rain was expected later Thursday. But Korea Forest Service chief Lim Sang-seop said the amount -- less than 5 millimetres (0.2 inches) is forecast -- likely won't help much in extinguishing the wildfires.

Induction ceremony for fourth 25T Bollard Pull (BP) Tug Yuvan was held on 26 Mar 25 at Naval Dockyard (Visakhapatnam) in presence of Cmde Rajeev John, General Manager (Refit) as the Chief Guest.

These Tugs are a part of the contract for construction of six (06) 25T BP Tugs concluded with M/s Titagarh Rail Systems Limited (TRSL), Kolkata on 12 Nov 21. These Tugs have been indigenously designed and built in accordance with the relevant Naval Rules and Regulation of Indian Register of Shipping (IRS). The Shipyard had successfully delivered three of these Tugs which are being utilised by Indian Navy to provide assistance to Naval ships and submarines during berthing, un-berthing and manoeuvring in confined waters. The Tugs will also provide afloat fire-fighting support to ships alongside or at anchorage and will also have the capability to conduct limited Search and Rescue (SAR) Operations.

These Tugs are proud flag bearers of Make in India and Aatmanirbhar Bharat initiatives of Government of India.

The Defence Research and Development Organisation (DRDO) announced on Wednesday (March 26, 2025) that the Vertically-Launched Short-Range Surface-to-Air Missile (VLSRSAM) under development for the Navy successfully demonstrated its near-boundary, low-altitude capability during a test fire. The trial, conducted in conjunction with the Indian Navy at the Integrated Test Range (ITR) in Chandipur off the coast of Odisha, took place at about 12 p.m., from a land-based vertical launcher.

During the test, the missile engaged a high-speed aerial target at very close range and low altitude. It executed the high turn rate required to engage such targets, completely destroying the target and thereby establishing its agility, reliability and pinpoint accuracy. All weapon system elements were deployed in a combat configuration — including the missile equipped with an indigenous radio frequency seeker, a multi-function radar and a weapon control system — and performed in line with expectations. Flight data captured by various range instruments developed at ITR Chandipur validated the overall performance of the system.

The Army has conducted a Tri-Service integrated multi-domain warfare exercise, ‘Prachand Prahaar’, in the high-altitude terrain of Arunachal Pradesh from March 25 to 27, according to an official statement on Thursday. The exercise aimed at “validating a fully integrated approach to surveillance, command and control, and precision firepower across the three services,” brought together the operational teams in a synergised combat drill designed to simulate future warfare.

“Carried out under the aegis of the Eastern Command, the exercise showcased the seamless integration of advanced surveillance, strike capabilities, and multi-domain operational planning. Cutting-edge platforms such as long-range maritime reconnaissance aircraft, armed helicopters, UAVs, loitering munitions, and space-based assets were employed to achieve total situational awareness and rapid target engagement,” the Defence Spokesperson for Manipur, Nagaland and Southern Arunachal Pradesh said in a statement.

India has made significant strides in expanding its social security coverage, which has doubled from 24.4% in 2021 to 48.8% in 2024, according to the latest World Social Protection Report (WSPR) by the International Labour Organization (ILO). This increase is due to key government initiatives that have expanded access to health insurance, pensions, and employment support.

According to the Ministry of Labour and Employment, nearly 920 million people, or 65% of the population, are now covered by at least one form of social protection, whether in cash or in kind, through central government schemes. This expansion has also contributed to a five-percentage-point increase in global social protection coverage, highlighting India’s crucial role in shaping global welfare outcomes.