International RelationsSecurity
News 26 of 30

India-Canada Sign Uranium Deal, Target $50 Billion Trade by 2030; Kuwait 'Friendly Fire' Downs 3 US F-15E Jets in Iran Conflict

Target:UPSC GS-IIMPSCSSC GATeachingPrelims HighMains MediumStatic GK Link
02 Mar 2026
~2 min
Source: The Hindu
Key Data:$50 billion by 20308.25% EPFO interest rateThree F-15E jetsSection 105 BNS
Bodies:Supreme Court of IndiaEPFOU.S. Central Command (CENTCOM)Travancore Devaswom Board (TDB)Bar Council of India
Practice MCQs from today's news ▸
What This Article Covers

1.India and Canada signed a landmark uranium deal and set a bilateral trade target of $50 billion by 2030, marking a strategic energy partnership.

2.Three U.S. F-15E fighter jets were mistakenly shot down by Kuwaiti air defenses during combat operations against Iranian attacks, in a 'friendly fire' incident on March 2, 2026.

3.The Supreme Court initiated proceedings on AI-generated 'fake' verdicts, and EPFO retained the EPF interest rate at 8.25% for FY 2025-26, highlighting key domestic policy and judicial developments.

The Big Picture
Prelims · HighMains · Medium

This news snapshot covers high-impact international developments crucial for GS Paper II and III. Key highlights include a strategic energy partnership with Canada and a significant geopolitical incident involving the US and Kuwait amid Iran conflict, alongside critical domestic legal and policy updates on AI, labor, and governance.

Exam Lens

Quick Exam Facts From News

India-Canada Trade Target$50 billion by 2030
EPFO Interest Rate 2025-268.25% (Retained)
Nagpur Blast Case SectionSection 105, Bharatiya Nyaya Sanhita
U.S. Jets DownedThree F-15E Strike Eagles
Operation Name (US)Operation Epic Fury

1-Minute Revision

  • ›India-Canada Trade Target: $50 billion by 2030
  • ›EPFO Interest Rate 2025-26: 8.25% (Retained)
  • ›Target this Data: $50 billion - India-Canada bilateral trade target by 2030.
  • ›Target this Nodal Body: U.S. Central Command (CENTCOM) - issued statement on Kuwait friendly fire incident.
  • ›Target this Legal Point: Section 105 of Bharatiya Nyaya Sanhita (BNS) - invoked in Nagpur factory blast case.

Mastered this topic? Test your knowledge with a full MCQ quiz.

Practice exam-style questions, track your score, and strengthen your recall.

Q1Static LinkageEasy

The Employees' Provident Fund Organisation (EPFO), which fixed the interest rate for 2025-26, operates under which Union Ministry?

Q2Statement-basedMedium

Consider the following statements regarding the news:

1. India and Canada have set a target to achieve $50 billion in annual bilateral trade by the year 2030.

2. The U.S. Central Command stated that three F-15E Strike Eagles were shot down by Iranian air defenses over Kuwait.

3. The interest rate on Employees' Provident Fund (EPF) deposits for the fiscal year 2025-26 has been increased to 8.5%.

Which of the statements given above is/are correct?

Q3Data-centricEasy

As per the news, what is the interest rate fixed by the EPFO on Employees' Provident Fund (EPF) deposits for the financial year 2025-26?

Q4Application/ImpactMedium

What is the primary significance of the Supreme Court taking cognizance of a trial court using AI-generated 'fake' verdicts, as mentioned in the article?

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