Notes:
Special forces of India carried out a joint military exercise with the US Special forces at Bakloh in Himachal Pradesh.
The 11th edition of the joint special forces exercise ‘Vajra Prahar 2021’ was held with an aim to share the best practices and experiences in joint mission planning and operational tactics. In February 2021, the Armies of both the countries carried out ‘Exercise Yudh Abhyas’.

Notes:
Union Education Minister Ramesh Pokhriyal recently inaugurated “Anandam: The Center for Happiness” at the Indian Institute of Management (IIM), Jammu virtually.
The Center aims to help people overcome mental stress and help spread positivity. The prime objectives will be divided into five broad categories: Counselling, Holistic wellness, Elective courses on Happiness Development, Research and Leadership & Faculty Development.

Notes:
The United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP) released a report titled Economic and Social Survey of Asia and the Pacific 2021.
As per the report, India is estimated to record an economic growth of 7% in 2021-22. It also highlighted that maintaining low borrowing costs while controlling non-performing loans would be a challenge.

Notes:
The Supreme Court appointed a four-member committee to study the three new controversial agricultural laws in January 2021. It had temporarily suspended the implementation of the three farm laws until further notice.
The members include P. K. Mishra, Anil Ghanwat, Ashok Gulati and Bhupinder Singh Mann. The panel has submitted its report to the Supreme Court recently.

Notes:
The Economic Affairs Secretary announced that the inflation target for the period April 1, 2021 to March 31, 2026 under the Reserve Bank of India Act 1934 has been kept at 4 per cent with a margin of 2 per cent on either side.
This is the same target mandated to the RBI by the Government in the previous five years (2016-21). RBI was to maintain annual inflation at 4 per cent until March 31, 2021 with an upper tolerance of 6 per cent and a lower tolerance of 2 per cent.’