Current Affairs

RBI flagged Paytm Payments Bank for non-adherence to payments bank licensing guidelines under the Banking Regulation Act, 1949, highlighting compliance issues in differentiated banking. Payment banks, recommended by the Nachiket Mor Committee (2014), are small-scale institutions with minimal credit risk; other DBL entities include small finance banks. They are registered under Companies Act, 2013; governed by RBI Act, 1934, FEMA, 1999, and PSS Act, 2007; require ₹100 crore capital (promoters 40% for five years) and invest 75% in SLR securities and 25% with banks.

Jordan became the 63rd country to sign the Artemis Accords, expanding international cooperation for peaceful space exploration. Launched in 2020 under the Artemis space exploration programme, the Accords, led by the United States through NASA, set principles for cooperative exploration of the Moon, Mars and other celestial bodies. They reinforce the 1967 Outer Space Treaty and promote safe, transparent, sustainable activities, interoperability, scientific data sharing, conflict prevention and emergency assistance. India is a signatory.

NITI Aayog’s Trade Watch Quarterly reports a decline in the Herfindahl–Hirschman Index (HHI) for India’s exports, indicating greater diversification across products and regions and improved trade resilience. HHI measures dispersion of trade across partners, computed as the sum of squared partner shares; higher values imply concentration. Gems and jewellery exports (excluding raw gold) hold 7.8% global market share. West Asia instability has slowed cooperation on the India–Gulf Cooperation Council FTA.

On Adi Shankaracharya Jayanti, the Prime Minister paid tribute to the 8th century CE philosopher, born in 788 AD at Kalady, Kerala. He propagated Advaita (non-dualism), asserting Atman is not separate from Brahman; Maya explains perceived worldly duality as illusion, and moksha comes through realizing this oneness. He established four mathas at Sringeri, Dwarka, Puri and Badrinath, and authored Bhaja Govindam, Atma Shatakam and Saundarya Lahari.

Ministry of Minority Affairs signed an MoU with IIT Patna under PM VIKAS, a Central Sector Scheme launched in 2024. It integrates Seekho aur Kamao, USTTAD, Hamari Dharohar, Nai Roshni and Nai Manzil; covers notified minorities (Muslims, Christians, Sikhs, Buddhists, Jains, Parsis). Age: 14–45 (skilling/education), 18–45 (women leadership); reservations include 33% women (skilling), 50% (education), 100% (leadership), 3% PwDs; pan-India via PMJVK convergence, IIT/NIT/CSIR and state partners. Features: NSQF skilling, NIOS bridge, Biz Sakhi mentoring, placements, GI tagging, cultural tourism and minority Parvs; construction sector contributes 10% GDP, employs >50 million; digital transformation enables supply-chain integration, real-time monitoring, automation and startup-led innovation.

India’s construction sector (10% of GDP; over 50 million employed) is undergoing digital transformation to embed technologies across the project lifecycle and improve infrastructure delivery. The project economy spans highways, freight corridors, renewable energy, airports and data centres. Platforms such as Infra.Market, Metalbook and Brick & Bolt integrate supply chains, logistics and financing; sensors, robotics and computer vision enable real-time monitoring and automation. India’s startup-led model contrasts China’s state-driven approach. Globally, construction is a $10 trillion, low-tech-penetration industry.

On World Earth Day 2026 (22 April), National Science Centre, Delhi, is hosting a Popular Science Lecture on Antarctic exploration by Dr Amitava Sen Gupta (ISRO) and an open-house student quiz. Earth Day began in 1970 as a US environmental teach-in by Senator Gaylord Nelson and Denis Hayes. Theme: “Our Power, Our Planet”; campaign targets tripling renewables by 2030 (solar, wind, geothermal), highlights mitigation, biodiversity, reliability, 25% Revolution, Canopy Project, and 60% plastic cut by 2040; NASA showcased Artemis II Earth images.

India and Egypt adopted a bilateral defence cooperation plan for 2026–27 at a Joint Defence Committee meeting in Cairo. Egypt’s capital is Cairo; it is in northeastern Africa, bordering Libya (west), Sudan (south), and Israel and the Gaza Strip. It is bounded by the Mediterranean Sea (north) and the Red Sea and Gulf of Aqaba (east). The Nile forms the Nile Delta; major deserts are Western and Eastern; Sinai Peninsula links Africa–Asia; Lake Nasser is an artificial lake created by the Aswan High Dam.

CGTMSE organised a global symposium on credit guarantees, highlighting collateral-free formal credit access for micro and small enterprises. The Credit Guarantee Fund Trust for Micro and Small Enterprises was established in 2000 and is jointly set up by the Ministry of Micro, Small & Medium Enterprises and SIDBI. It operates the Credit Guarantee Scheme for the MSE sector and covers 75–90% losses on defaulted collateral-free bank loans.

Independent tests (Sept 2025) found Salween River (3,300 km; Tibet–China–Myanmar, forming Myanmar–Thailand border to Andaman Sea), Asia’s longest undammed free-flowing river, contaminated with arsenic (5× WHO 0.01 mg/l; tributaries up to 0.554 mg/l), plus cadmium, cyanide, mercury, linked to rare-earth/gold mining via in-situ leaching. Fish/benthos harmed; Karen/Karenni affected; Thai rice shipment to Australia rejected (Oct 2025), raising transboundary governance concerns.

Samriddh Gram, a rural integrated “phygital” service initiative, has been nominated for World Summit on the Information Society (WSIS) Prizes 2026. Nodal ministry: Ministry of Communications; implemented by Department of Telecommunications with Telecom Technology Development Fund support. Launched in 2025 as a 2-year pilot, it uses BharatNet FTTH and PM-WANI via Samriddhi Kendras (800–1000 sq ft) for education (AR/VR, Diksha, Swayam), IoT agriculture, e-Sanjeevani, ONDC commerce, and real-time monitoring. WSIS prizes are organized by ITU.

Odisha became the first Indian state to implement a Marine Spatial Plan (MSP) in phase-II of India’s sustainable ocean planning, under the Indo-Norway Integrated Ocean Initiative. MSP is a tool for sustainable, integrated ocean management and blue-economy growth. Ministry of Earth Sciences is nodal; MoU with its NCCR supports benthic mapping and marine-parameter studies. Odisha S&T Department leads implementation. A 2025 Marine Biotechnology Corridor promotes startups and ecological protection.

India and the Republic of Korea adopted a Joint Strategic Vision (2026–2030) and institutionalised annual leader-level meetings. RoK joined India’s Indo-Pacific Oceans Initiative; bilateral trade ($27 billion; India’s deficit $15.19 billion) targets $54 billion by 2030; Economic Security Dialogue launched for supply chains/technology. RoK joined International Solar Alliance; India joined treaty-based GGGI (Rio+20, 2012; HQ Seoul). 2028–29: Friendship Year; Mumbai Korea Centre; VOYAGES maritime partnership; India–Korea Digital Bridge (AI, semiconductors, IT). Special Strategic Partnership (2015); CEPA (2010) upgrade sought; defence: 2020 roadmap, K9-Vajra ToT, KIND-X.

India’s Periodic Labour Force Survey defines Labour Force Participation Rate (LFPR) as the share of population aged 15+ that is employed or unemployed. Overall LFPR is 60.1%. Female LFPR rose to 40% in 2025, mainly rural, but a 60% gap persists with male LFPR; gains reflect informal, distress-driven self-employment and unpaid helper roles, while 37.4% women remain in unpaid domestic duties. Suggested measures: strengthen Mahila Shakti Kendras, expand National Creche Scheme crèches, skilling (digital/green/enterprise), safe transport/childcare/flexible work, equal pay and leave reforms.

India and Austria signed multiple agreements to strengthen cooperation in defence, trade, technology, education and culture. Austria is a landlocked country in south-central Europe with capital Vienna, bordering Czech Republic, Slovakia, Hungary, Slovenia, Italy, Switzerland, Liechtenstein and Germany. About 70% is Alpine; climate is temperate-alpine. Danube (2,850 km) is Europe’s second-longest river. Official language is German. It is a federal parliamentary republic. Milestones: Noricum; Charlemagne (788); Habsburg rule; Austria-Hungary (1867); collapse (1918); First Austrian Republic (1919).

Archaeologists identified a ~9,000-year-old (early Holocene) submerged Paleoindian landscape on the Alpena-Amberley Ridge in Lake Huron (Great Lakes). Using SONAR mapping and remotely operated vehicles, they documented hunting pits, drive lanes and stone caches. Drive lanes funnelled caribou into controlled zones, indicating advanced hunting. Cold, low-sediment waters aided preservation. The former Ice Age land bridge was submerged by glacial meltwater rise (~10,000 years ago), serving earlier as a migration corridor.

Ministry of Finance formed a specialised committee to simplify mobilisation of patient capital for large-scale infrastructure. Announced at the 2026 World Bank–IMF Spring Meetings, Washington DC. Patient capital implies 10–30-year investments seeking stable long-term returns, mainly from pension/insurance funds (NPS, EPF, private insurers, LIC). It suits long-gestation projects, addressing banks’ asset-liability mismatch within NMP, NIP and PPP frameworks.

RELIEF Scheme (Central Sector; launched March 2026) expanded to Egypt and Jordan. Nodal: Ministry of Commerce & Industry; implemented by ECGC. For shipments Feb–Jun 2026, it supports exporters incl freight/insurance-surcharge reimbursement. Components: I keeps pre-disruption premiums with war-risk cover up to 100%; II offers loss cover up to 95% incl new Whole Turnover policies (circular clarifies eligibility); III aids uninsured MSMEs with ₹50 lakh cap.

Union Cabinet approved the Bharat Maritime Insurance Pool, a government-backed system for Indian-flagged/controlled vessels operating domestically and internationally. Linked to Maritime India Vision 2030, it aims at operational continuity, risk autonomy, sanctions resilience and Atmanirbharta. Coverage includes hull and machinery, cargo, P&I, war risk and third-party liabilities (oil pollution, wreck removal, cargo damage, crew injury, collision). It reduces dependence on International Group P&I Clubs/foreign insurers amid Red Sea–Strait of Hormuz–Gulf of Oman disruptions; maritime trade is 70% by volume and 95% by value.

National Backward Classes Finance and Development Corporation (NBCFDC), a Section 8 company under the Ministry of Social Justice and Empowerment, recorded its highest-ever performance in FY 2025–26. Incorporated in January 1994, it supports OBCs, SHGs, and Denotified and Nomadic Tribes through State Channelizing Agencies, banks and NBFCs. It provides concessional loans (3–8% p.a.), skilling and livelihood support, including New Swarnima, Mahila Samriddhi, education loans, and convergence with PM-DAKSH, VISVAS, SEED, and National Fellowship for OBCs; eligibility: OBC families up to ₹3 lakh income (priority below ₹1.5 lakh).

Studies report rising irritable bowel syndrome (IBS) in children/adolescents. IBS is a functional gastrointestinal disorder due to gut-brain axis dysregulation. Prevalence: 5–15% in children/adolescents; ~10% globally; in India, women are 3 times more at risk. Symptoms include abdominal pain, diarrhoea/constipation, bloating, flatulence, nausea, mucus in stools. Risk factors: low fibre, processed foods, inactivity, screen time, stress; causes include dysbiosis. Types: IBS-C/D/M/U. Management: low-FODMAP, fibre, trigger avoidance, exercise, counselling, probiotics.

Ministry of AYUSH held Chintan Shivir 2026 in April 2026, Delhi, to integrate evidence-based traditional medicine-Ayurveda, Yoga & Naturopathy, Unani, Siddha and Homeopathy-with modern healthcare. It reviewed policies/programmes since the 2023 Shivir and set a roadmap aligned with Viksit Bharat 2047. Theme “Tradition to Translation” stressed scientific validation, innovation and whole-of-government approach; aligned with “One Earth, One Family, One Future” and “Heal in India, Heal by India”. Initiatives included AIIA–General Insurance Council MoU, benchmark insurance rates, toll-free helpline 1800-11-0008, WhatsApp channel, and support for research, infrastructure, startups and digitalisation for lifestyle-disease management.

Plug-and-Play Industrial Parks Scheme (Bhavya Scheme), under Ministry of Commerce and Industry via DPIIT, targets 100 investment-ready industrial parks with pre-built infrastructure and approvals. Implemented by States/UTs and CPSUs through an SPV between NICDIT and state nodal agency, which owns/operates parks. Duration: 2026–27 to 2031–32; outlay ₹33,660 crore; support up to ₹1 crore/acre (₹50 lakh private-led) plus up to 25% for external connectivity; single-window; aligned with PM GatiShakti and green energy.

A study identified 219 hanging glaciers in Uttarakhand’s Alaknanda basin, with unstable ice volumes and avalanche potential, indicating downstream glacial hazards. Hanging glaciers terminate at the edge of a cliff or steep slope rather than a valley floor, transferring ice below through icefalls and avalanches. Their steep-slope setting makes them inherently unstable, risking catastrophic break-offs, glacial lake outburst flood triggering, and river blockage.