Today Current Affairs March 31

Mar 31, 2026

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❶ Q: Which financial deadline in India is associated with 31 March every year?
➡️ Answer: End of Financial Year (FY)

❷ Q: What is the current financial year ending on 31 March 2026?
➡️ Answer: FY 2025–26

❸ Q: Which government body presents the Union Budget of India?
➡️ Answer: Ministry of Finance

❹ Q: Which Indian tax system is finalized at the end of the financial year?
➡️ Answer: Income Tax Filing & Assessment

❺ Q: Which Indian portal is used for income tax filing?
➡️ Answer: Income Tax e-Filing Portal

❻ Q: Which tax is levied on goods and services in India?
➡️ Answer: Goods and Services Tax (GST)

❼ Q: Which organization regulates GST in India?
➡️ Answer: GST Council

❽ Q: Which financial document summarizes government income and expenditure?
➡️ Answer: Union Budget

❾ Q: Which Indian institution controls monetary policy?
➡️ Answer: Reserve Bank of India (RBI)

❿ Q: Which report is released annually by RBI on financial stability?
➡️ Answer: Financial Stability Report

⓫ Q: Which scheme promotes digital payments in India?
➡️ Answer: Digital India Initiative

⓬ Q: Which Indian system enables real-time bank transactions?
➡️ Answer: Unified Payments Interface (UPI)

⓭ Q: Which global organization monitors world economic growth?
➡️ Answer: International Monetary Fund (IMF)

⓮ Q: Which sector contributes the most to India’s GDP?
➡️ Answer: Services Sector

⓯ Q: Why is financial year-end important for businesses?
➡️ Answer: It helps in financial reporting, tax calculation, and planning

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