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CURRENT AFFAIRS : BANKING, FINANCE & BUSINESS

Department of Financial Services Secretary Unveils Bank of Baroda’s AI-Based Multilingual Platform ‘bob SAMVAD’ for Enhanced Branch Customer Interaction

• Bank of Baroda (BoB) launched bob SAMVAD, an AI-powered multilingual conversational platform, in Mumbai, Maharashtra.
• The platform was inaugurated by Nagaraju, Secretary, Department of Financial Services (DFS), Ministry of Finance.
• bob SAMVAD is an industry-first initiative aimed at transforming customer interactions in bank branches.
• It enables seamless communication between customers and staff in different languages, helping to eliminate language barriers.
• The platform uses AI-driven speech and language technologies to provide real-time, low-latency, two-way communication.
• It supports 22 languages, ensuring contextual accuracy and natural fluency, reflecting India’s linguistic diversity.
• Customers can speak or type queries in their preferred language, which are instantly translated for bank staff and vice versa.
• The system offers both text display and optional voice mode (text-to-speech), making it accessible and user-friendly.
• The initiative enhances customer experience, inclusivity, and service efficiency in banking operations.
• In the first phase, bob SAMVAD will be rolled out in 250 branches across Tamil Nadu, Karnataka, Telangana, Andhra Pradesh, and Maharashtra.
• A phased nationwide rollout is planned across the entire Bank of Baroda branch network.
• The launch also aligns with BoB’s broader initiatives like bob Earth, Green Deposits, Green Bonds, and bob Forest, supporting sustainability and ESG goals.
• bob Forest, a 6,000 sq. ft. green space at BKC, Mumbai, promotes biodiversity and cleaner air, reflecting the bank’s environmental commitment.

Recent News :

• In April 2026, Bank of Baroda (BoB) crossed the ₹30 lakh crore global business milestone (deposits + advances) for the first time, reaching ₹30.78 lakh crore in March 2026.

About Bank of Baroda (BoB):

• Founded: 1908
• Headquarters: Vadodara, Gujarat, India
• Managing Director & CEO: Debadatta Chand
• Tagline: "India’s International Bank"

Reserve Bank of India Keeps Foreign Portfolio Investor Investment Limits in Government Securities, State Government Securities and Corporate Bonds Unchanged for FY 2026–27

• The Reserve Bank of India (RBI) has kept the Foreign Portfolio Investor (FPI) investment limits in Government Securities (G-Secs), State Government Securities (SGSs), and Corporate Bonds unchanged for FY 2026–27.
• The limits remain at 6% for G-Secs, 2% for SGSs, and 15% for corporate bonds of the outstanding stock of securities.
• The RBI confirmed that the Fully Accessible Route (FAR) will continue, allowing unrestricted investment in specified government securities by eligible FPIs.
• The allocation of incremental changes in G-Sec limits between General and Long-term sub-categories has been retained at a 50:50 ratio for FY 2026–27.
• Any increase in State Government Securities (SGS) limits will be fully allocated to the General category
• The RBI has also retained the investment framework harmonisation, bringing the Voluntary Retention Route (VRR) in line with the General route limits.
• The limit for Credit Default Swaps (CDS) sold by FPIs has been capped at 5% of corporate bond outstanding stock.
• An additional limit of ₹3.30 lakh crore has been set for CDS exposure in FY 2026–27.
• The total permissible FPI debt investment for April–September 2026 is ₹15,51,646 crore, increasing to ₹16,32,640 crore for October 2026–March 2027.
• The RBI’s decision ensures policy continuity, market stability, and a predictable foreign investment framework in India’s debt market.

Reserve Bank of India Cancels Licence of The Shirpur Merchants’ Co-operative Bank Limited. for Regulatory Non-Compliance

• The Reserve Bank of India (RBI) cancelled the licence of The Shirpur Merchants’ Co-operative Bank Ltd., Shirpur and the bank ceased operations from April 06, 2026.
• The action was taken under Section 22 read with Section 56 of the Banking Regulation Act, 1949 due to non-compliance with regulatory norms.
• The bank was found to have inadequate capital and weak earning prospects, violating provisions of the Banking Regulation Act, 1949.
• It also failed to comply with multiple requirements under Section 22 (3)(a), (b), (c), (d), and (e) of the Act.
• The RBI stated that continuation of the bank would be prejudicial to depositors’ interests and against public interest.
• The bank is now prohibited from carrying out banking activities, including accepting and repaying deposits.
• Following licence cancellation, the bank will undergo winding up and liquidation, with a liquidator to be appointed by Maharashtra Cooperative authorities.
• Depositors are protected under the Deposit Insurance and Credit Guarantee Corporation (DICGC)
• Each depositor is eligible for insurance cover up to ₹5 lakh, as per the DICGC Act, 1961.
• Around 99.7% of depositors will receive the full insured amount of their deposits.
• As of January 31, 2026, DICGC had already paid ₹48.95 crore towards insured deposits based on eligible claims.

Moody’s Cuts India’s Financial Year 2026-27 Growth Outlook to 6% on West Asia Conflict Impact

• The Moody’s Ratings (US-based credit rating agency) released its Credit Opinion Report on India, revising India’s Gross Domestic Product (GDP) growth forecast for FY2026–27 (FY27) downward by 80 basis points to 6%, from the earlier estimate of 6.8%.
• Despite the revision, India’s GDP growth remained strong at 7.5% in CY2025, higher than 7.2% in CY2024, driven mainly by a rebound in the manufacturing sector.
• The report highlighted that India remained the fastest-growing major G-20 economy in CY2025.
• Moody’s projected inflation to average 4.8% in FY27, rising sharply from 2.4% in FY26, indicating upward inflationary pressure.
• The Current Account Deficit (CAD) narrowed to around 4% of GDP in CY2025, compared to 0.9% in CY2024.
• The CAD is expected to remain in the range of 1–1.5% of GDP during CY2026 and CY2027.
• The downgrade in growth outlook is linked to the ongoing geopolitical conflict in West Asia, which is expected to weaken private consumption and industrial activity.
• The report noted that disruptions in LPG and crude oil supplies could lead to fuel shortages, higher transport costs, and rising food inflation.
• The West Asia region accounts for around 55% of India’s crude oil imports and over 90% of LPG imports, highlighting India’s high energy dependency.
• Elevated oil, gas, and fertiliser prices are expected to increase subsidy burdens and fiscal pressures on the government.
• Higher input costs are expected to weaken gross fixed capital formation (investment momentum) in the economy.
• Other agencies also supported a cautious outlook: OECD projected 6.1% growth, Icra estimated 6.5% growth, and EY warned of ~1% GDP erosion and 1.5% inflation rise if conflict persists.
• Global crude oil prices have increased by nearly 50% following geopolitical tensions in West Asia, further impacting inflation outlook.

 CURRENT AFFAIRS: NATIONAL AND STATE NEWS

Prototype Fast Breeder Reactor (PFBR) at Kalpakkam Achieved Criticality, Marking Major Milestone in India’s Nuclear Programme

• India’s indigenously developed 500 Megawatt (MW) Prototype Fast Breeder Reactor (PFBR) at Kalpakkam Tamilnadu, achieved criticality, marking a major milestone in India’s nuclear energy programme.
• Prime Minister Narendra Modi described the achievement as a defining moment reflecting India’s advancement in nuclear technology and commitment to clean energy.
• The PFBR is operated by Bharatiya Nabhikiya Vidyut Nigam Limited (BHAVINI).
• The milestone represents significant progress in the second stage of India’s three-stage nuclear power programme.
• Once fully operational, India will become the second country after Russia to operate a commercial Fast Breeder Reactor.
• Criticality refers to the stage at which a self-sustaining nuclear chain reaction begins, confirming that the reactor core is functioning safely as per design before full power generation.
• Fast Breeder Reactors (FBRs):
• Produce more fissile fuel than they consume
• Use plutonium-based fuel
• Improve fuel efficiency and long-term sustainability
• FBR technology is important for India due to limited uranium resources and vast thorium reserves.
• India’s three-stage nuclear power programme includes:
• Stage 1: Use of natural uranium in Pressurised Heavy Water Reactors (PHWRs)
• Stage 2: Deployment of Fast Breeder Reactors such as PFBR
• Stage 3: Use of thorium-based reactors for long-term energy security
• The PFBR milestone will accelerate progress toward thorium-based nuclear energy development.
• The project supports:
• Clean energy generation with low carbon emissions
• Reduced dependence on fossil fuels
• Strengthening of the Aatmanirbhar Bharat initiative
• More than 200 Indian industries, including Micro, Small and Medium Enterprises (MSMEs) contributed to the development of PFBR, making it a major indigenous technological achievement.

RECENT NEWS

• Tamil Nadu has emerged as the India’s top textile exporter in 2024-25 with state has surpassing Gujarat and Maharashtra with exports worth of $7,997.17 million. In the last four years state recorded a strong growth of over 29% which is reflecting consistent policy support and expansion. 

About Tamil Nadu:

• Capital: Chennai
• Chief Minister:M K. Stalin
• Governor: Rajendra Vishwanath Arlekar
• National Parks: Mudumalai National Park, Mukurthi National Park, Gulf of Mannar Marine National Park, Indira Gandhi (Anamalai) National Park, Guindy National Park
• Wildlife Sanctuaries: Vedanthangal Bird Sanctuary, Vettangudi Bird Sanctuary, Kalakad Wildlife Sanctuary, Sathyamangalam Wildlife Sanctuary, Vallanadu Wildlife Sanctuary, Megamalai Wildlife Sanctuary, Point Calimere Wildlife Sanctuary

Parliament Rejected Impeachment Motion Against Chief Election Commissioner Gyanesh Kumar

• The impeachment motion against the Chief Election Commissioner (CEC) Gyanesh Kumar was rejected by both Houses of Parliament of India.
• The motion, supported by Opposition Members of Parliament (MPs) alleging bias in electoral processes, was not admitted by:
• Om Birla, Speaker of Lok Sabha
• C. P. Radhakrishnan, Chairman of Rajya Sabha
• The removal motion had the support of:
• 130 Members of Parliament (MPs) in Lok Sabha
• 63 Members of Parliament (MPs) in Rajya Sabha
• The removal of the Chief Election Commissioner is governed under Article 324(5) of the Constitution of India, which states that the CEC can be removed only in the same manner and on the same grounds as a Judge of the Supreme Court of India.
• As per constitutional provisions, Election Commissioners can be removed only on the recommendation of the Chief Election Commissioner.
• The removal process is further governed by the Chief Election Commissioner and Other Election Commissioners (Appointment, Conditions of Service and Term of Office) Act, 2023.
• Section 11 of the Act deals with the resignation and removal process of the Chief Election Commissioner and Election Commissioners.
• Grounds for removal of the Chief Election Commissioner are the same as those applicable to Judges of the Supreme Court under Article 124(4) of the Constitution of India, namely:
• Proved misbehaviour
• Incapacity
• The removal motion procedure requires:
• At least 100 Lok Sabha MPs or 50 Rajya Sabha MPs to initiate the motion
• Admission of the motion by the Speaker (Lok Sabha) or Chairman (Rajya Sabha)
• Formation of a 3-member inquiry committee (Supreme Court Judge + Chief Justice of a High Court + Distinguished Jurist) if admitted
• Investigation and submission of report by the committee
• Approval of the motion by both Houses of Parliament with:
• Majority of total membership, and
• Two-thirds majority of members present and voting
• Final removal order issued by the Droupadi Murmu, President of India if the motion is passed by Parliament.

India Added Record 6.05 GW Wind Power Capacity in FY 2025–26; Total Capacity Crossed 56 GW

• India added a record 6.05 Gigawatt (GW) of wind power capacity in Financial Year 2025–26, marking the highest-ever annual wind capacity addition in the country’s history.
• The addition represents a 46% increase compared to FY 2024–25, indicating strong momentum in the renewable energy sector.
• With this achievement, India’s total installed wind power capacity crossed 56 GW, strengthening its global position in clean energy leadership.
• The new milestone surpassed the previous peak addition of 5.5 GW recorded in FY 2016–17.
• The growth supports India’s progress toward achieving the 500 GW non-fossil fuel energy capacity target by 2030.
• Key policy measures supporting wind energy expansion include:
• Concessional customs duty on wind turbine components
• Waiver of Inter-State Transmission System (ISTS) charges till 2028
• Improved grid connectivity and transmission readiness
• Transparent bidding mechanisms ensuring cost-effective tariffs
• Expansion of wind–solar hybrid projects for round-the-clock renewable power supply
• The top contributing States to wind energy capacity addition include:
• Gujarat
• Karnataka
• Maharashtra
• India is among the leading wind energy producers globally, supported by:
• A robust domestic manufacturing ecosystem
• Strong institutional support from the National Institute of Wind Energy
• Increasing private sector participation
• India’s wind energy development journey began in the early 1990s, and continued policy support has enabled consistent long-term sectoral growth toward achieving 2030 sustainability targets

India Launched First-Ever Annual Survey of Incorporated Services Sector Enterprises (ASISSE) in April 2026

• The Government of India launched the first-ever Annual Survey of Incorporated Services Sector Enterprises (ASISSE) in April 2026 to strengthen India’s economic data system related to the services sector.
• The survey is conducted by the National Statistics Office (NSO) under the Ministry of Statistics and Programme Implementation (MoSPI).
• ASISSE aims to capture detailed and structured data on the incorporated services sector, which contributes more than 50% to India’s Gross Domestic Product (GDP) and generates crores of employment opportunities.
• The survey will cover major service industries such as:
• Trade and transport
• Hospitality and tourism
• Information Technology (IT)
• Education and healthcare
• ASISSE will support evidence-based policymaking and help track sector-wise growth trends more effectively.
• It is the first nationwide survey exclusively focused on incorporated services sector enterprises.
• The survey will cover all States and Union Territories across India.
• The reference period for the survey is Financial Year 2024–25.
• The survey includes a sample size of more than 1.21 lakh enterprises.
• The Goods and Services Tax Network (GSTN) database is being used as the sampling framework.
• Data collection will be conducted through a secure web-based portal.
• The survey targets enterprises registered under:
• Companies Act, 1956
• Companies Act, 2013
• Limited Liability Partnership (LLP) Act, 2008
• ASISSE complements existing MoSPI surveys:
• Annual Survey of Industries (ASI) – covers the manufacturing sector
• Annual Survey of Unincorporated Sector Enterprises (ASUSE) – covers the informal non-agricultural sector
• With the launch of ASISSE, India now has a comprehensive statistical framework covering the entire non-agricultural economy.
• Alongside the survey, NSO released a user guide titled “Know Your Survey: A User Guide to ASISSE” to improve awareness, transparency, and enterprise participation.
• The guide explains:
• Survey objectives in simple language
• Definitions and concepts
• Frequently asked questions
• Reporting requirements for enterprises
• The survey is conducted under the provisions of:
• Collection of Statistics Act, 2008 (amended in 2017)
• Jan Vishwas (Amendment of Provisions) Act, 2023
• Data collection will be carried out through a secure online system ensuring confidentiality and reliability of information.

About NSO:

• The NSO was formed on 23rd May 2019 by merging the National Sample Survey Office (NSSO) and the Central Statistics Office (CSO).
• Parent Ministry: It functions under the Ministry of Statistics and Programme Implementation (MoSPI).
• The NSO is headed by the Chief Statistician of India(CSI)

CURRENT AFFAIRS : INTERNATIONAL NEWS

Russia’s First Deputy Prime Minister Denis Manturov Visits India to Co-Chair India–Russia Inter-Governmental Commission on Trade, Economic, Scientific, Technological and Cultural Cooperation Meeting

• First Deputy Prime Minister of Russia, Denis Manturov, undertook a two-day official visit to India, aimed at strengthening India–Russia bilateral relations across key sectors.
• During the visit, he co-chaired the India–Russia Inter-Governmental Commission on Trade, Economic, Scientific, Technological and Cultural Cooperation (IRIGC-TEC) along with Union External Affairs Minister Dr. S. Jaishankar in New Delhi.
• The IRIGC-TEC is a key institutional mechanism for reviewing and enhancing strategic economic cooperation between India and Russia.
• Both sides discussed strengthening cooperation in trade, industry, energy, fertilizers, connectivity, mobility, and emerging technologies.
• Special focus was given to collaboration in innovation, technology, and critical minerals.
• The leaders also reviewed progress on implementing outcomes of the 23rd India–Russia Annual Summit (December 2025).
• A high-level bilateral meeting was also held between both sides to further deepen economic and strategic engagement.

About Russia :

• President : Vladimir Putin
• Prime Minister : Mikhail Mishustin
• Capital : Moscow
• Currency : Russian ruble

CURRENT AFFAIRS : APPOINTMENTS & RESIGNATIONS

Shri Narendra Bhooshan Takes Over as Secretary, Department of Land Resources

• Shri Narendra Bhooshan (IAS, 1992 batch, Uttar Pradesh cadre) has assumed charge as Secretary, Department of Land Resources under the Ministry of Rural Development, Government of India.
• He possesses over three decades of vast and diversified administrative experience at both Central and State Government levels.
• Prior to this role, he served as Additional Chief Secretary (Energy, Additional Energy & Technical Education) in the Government of Uttar Pradesh.
• He has held key positions as Principal Secretary in departments such as Science & Technology, PWD, Infrastructure, Industry, NRI Affairs, IT & Electronics.
• He also served as Chief Executive Officer (CEO), Greater Noida Authority.
• At the Central Government level, he served as Deputy Director General (Joint Secretary equivalent) at UIDAI under the Ministry of Electronics & Information Technology.
• He held the position of Mission Director, National Food Security Management (NFSM).
• He also served as Joint Secretary, Department of Agriculture & Cooperation.
• Additionally, he worked as OSD to the Minister and Joint Secretary at India Trade Promotion Organisation (ITPO) under the Ministry of Commerce & Industry.
• At the State level, he served as Secretary (Finance Department), Managing Director of State Transport Corporation, and Special Secretary (Industries Department).
• He has extensive field administration experience as District Magistrate (DM) of Mathura, Firozabad, and Udham Singh Nagar.

About Ministry of Rural Development :

• Cabinet Minister : Shivraj Singh Chouhan
• Minister of State : Chandra Sekhar Pemmasani, Kamlesh Paswan

Rajya Sabha Chairman C. P. Radhakrishnan administers oath to newly elected and re-elected Members in Parliament Chamber

• Nineteen newly elected/re-elected Members of Rajya Sabha took oath/affirmation in the Rajya Sabha Chamber, Parliament.
• The oath was administered by Hon’ble Chairman of Rajya Sabha, Shri C. P. Radhakrishnan, in the presence of Union Ministers including Shri Kiren Rijiju and Shri Jual Oram.
• The newly sworn-in Members represent four states: Maharashtra, Tamil Nadu, West Bengal, and Odisha.
• From Maharashtra (5 Members): Ramdas Athawale, Maya Chintaman Ivnate, Sharad Pawar, Ramrao Sakharam Wadkute, Jyoti Nagnath Waghmare.
• From Tamil Nadu (6 Members): Christopher Manickam, Anbumani Ramadoss, Constandine Ravindran, L. K. Sudhish, M. Thambidurai, Tiruchi Siva.
• From West Bengal (5 Members): Babul Supriya Baral, Menaka Guruswamy, Rajeev Kumar, Rukmini Mallik, Biswajit Sinha.
• From Odisha (3 Members): Santrupt Mishra, Dilip Kumar Ray, Manmohan Samal.
• Members took oath in multiple languages: Marathi (3), Hindi (2), Tamil (6), English (1), Bengali (4), and Odia (3).
• The session highlighted parliamentary diversity and multilingual representation in the Upper House.
• Shri Kiren Rijiju urged cross-party unity on the proposed Women’s Reservation Amendment Bill (Nari Shakti Vandan Adhiniyam).
• The bill seeks to provide 33% reservation for women in legislatures and is expected to be taken up in a special Parliament session from April 16.
• The amendment requires a two-thirds majority in Parliament, making bipartisan support essential for passage.

Blanka Vlašić Named International Event Ambassador for Tata Consultancy Services World 10K Bengaluru 2026

• Croatian high jumper Blanka Vlašić, a double Olympic medallist and two-time World Champion, has been appointed as the International Event Ambassador for the World 10K Bengaluru 2026.
• The announcement was made by Procam International, a leading sports management company in India.
• The event, the Tata Consultancy Services (TCS) World 10K Bengaluru, is a World Athletics Gold Label Race scheduled to be held on April 26, 2026 in Bengaluru, Karnataka.
• The World 10K Bengaluru is one of the premier global 10-kilometre road races, attracting both elite athletes and mass participation runners
• Blanka Vlašić is one of the greatest high jumpers in athletics history, with a personal best of 2.08 metres (2009), which is the Croatian national record and among the highest jumps ever recorded.
• She won an Olympic silver medal at Beijing 2008 and a bronze medal at Rio 2016.
• She has also secured multiple World Championship and World Indoor Championship titles in her career.
• Beyond athletics, she is associated with the “Champions for Peace” initiative, promoting peace through sports.
• She currently serves as the Vice President of the Croatian Olympic Committee.
• The appointment highlights efforts to enhance the global visibility and prestige of the World 10K Bengaluru

CURRENT AFFAIRS : DEFENCE NEWS

Raksha Mantri Rajnath Singh inaugurates new specialty centres at Army Hospital (R&R) and infrastructure at Base Hospital, Delhi Cantt

• Raksha Mantri Rajnath Singh laid the foundation stones of Ophthalmology, Oncology & Joint Replacement Centres at Army Hospital (Research & Referral) during the 262nd Army Medical Corps Raising Day.
• He also inaugurated new infrastructure at Base Hospital, Delhi Cantt, enhancing healthcare facilities for Defence Forces personnel.
• The new facilities aim to strengthen tertiary care capabilities of the Armed Forces Medical Services (AFMS) in advanced eye care, cancer treatment, and joint replacement surgeries.
• The Base Hospital infrastructure is being developed with a capacity of 998 beds + 100 crisis expansion beds to handle routine and emergency healthcare needs.
• Emphasis was laid on self-reliance in the pharmaceutical sector, highlighting India’s dependence on imports for high-end drug innovation and original research.
• Key focus areas include new drug discovery, strengthening clinical research, and adopting global quality standards.
• He advocated the integration of MSMEs and start-ups into pharmaceutical innovation along with robust testing infrastructure and skilled workforce development.
• On clinical trials, he noted the need for reforms in India’s clinical trial framework and greater contribution from AFMS in research and innovation.
• He called for Standard Operating Procedures (SOPs) and standardised protocols for sharing clinical experience and disease data across hospitals.
• Proposed creation of a national-level medical data pool to support policy formulation, validation of treatments, and large-scale replication of best practices.
• Suggested setting up AFMS institutions at par with Army Hospital (R&R) across all four regions of India, including upgradation of existing Command/Base Hospitals (brownfield projects).
• Presented Raksha Mantri Trophy (Best Hospital) to Command Hospital (Southern Command), Pune and Second Best Hospital to INHS Asvini, Mumbai for excellence in patient care, innovation, and administration.
• Released a book titled “Precision Protocols in Early Neurodevelopmental Intervention”, promoting standardised, evidence-based medical practices and early diagnosis strategies.

About Ministry of Defence:

• Cabinet Minister: Rajnath Singh
• Minister of State (MoS): Sanjay Seth

Keel Laying of FPV-4 and Plate Cutting of FPV-7 Held for Indian Coast Guard Fast Patrol Vessel Project

• The Keel Laying Ceremony of Fast Patrol Vessel-4 (FPV-4) (Yard 16504) and Plate Cutting Ceremony of FPV-7 (Yard 16507) under the 14 FPV Project (Yard 16501–14) for the Indian Coast Guard was held on April 06, 2026.
• The event took place at Mazagon Dock Shipbuilders Limited (MDL), Mumbai, a key defence shipbuilding company in India.
• These Fast Patrol Vessels (FPVs) are being equipped with state-of-the-art machinery, including an AI-based predictive maintenance system and multipurpose drones.
• The vessels have high indigenous content, featuring gear boxes by M/s Triveni (Mysore) and water jets by M/s MJP India.
• The water jet propelled FPVs have an approximate displacement of 340 tonnes, enhancing speed and maneuverability.
• The vessels are designed for coastal security, surveillance, and law enforcement duties.
• The project is aligned with the vision of ‘Aatmanirbhar Bharat’ (self-reliant India), promoting indigenous defence manufacturing.
• The induction of these FPVs will augment the operational capability and presence of the Indian Coast Guard in the Indian Ocean Region (IOR).

Recent News :

• In March 2026, The keel laying ceremony of Yard 16402 & 16403, the second and third ships of six Next Generation Offshore Patrol Vessels (OPVs), was held at M/s YMPL, Ratnagiri.

CURRENT AFFAIRS : SCIENCE & TECHNOLOGY

National Institution for Transforming India Aayog’s Atal Innovation Mission Launches ATL Sarthi and Mentor India Academy in Telangana

• The National Institution for Transforming India (NITI Aayog) under its Atal Innovation Mission (AIM) launched two new initiatives: ATL Sarthi and the Mentor India Academy at Vardhaman College of Engineering, Hyderabad (Telangana).
• The initiatives align with the vision of ‘Viksit Bharat 2047’ as envisioned by Prime Minister Narendra Modi, aiming to strengthen school-level innovation and entrepreneurship.

Key Highlights :

• The ATL Sarthi programme is a capacity-building initiative for Atal Tinkering Lab (ATL) in-charges and educators to improve innovation guidance in schools.
• The Mentor India Academy is an advanced training platform for mentors under the AIM Mentor India initiative, focused on developing strong mentorship networks.
• The programme will provide structured mentorship and institutional support to 379 ATLs in Telangana.
• The key objective is to empower students with hands-on experience in emerging technologies and structured problem-solving skills.
• Under the initiative, ATLs will be grouped into regional clusters, each supported by a nodal institution for guidance and coordination.
• Vardhaman College of Engineering has been designated as the nodal institution for Telangana, providing technical support, teacher training, mentorship, and incubation assistance.
• The initiative aims to create a strong school-to-innovation pipeline, enabling students to transform ideas into scalable solutions and startups.
• It focuses on shifting from access to innovation resources towards continuous engagement and sustained mentorship.
• The programme will strengthen teacher capacity building and ensure innovation becomes a continuous process within schools.
• The rollout supports AIM’s larger mission of building one of the world’s largest student innovation ecosystems, with over 10,000 Atal Tinkering Labs operational across India.

About NITI Aayog:

• The National Institution for Transforming India (NITI Aayog) is a government agency that advises the central and state governments of India. 
• It was established on January 1, 2015. 
• Functions of NITI Aayog – The organization focuses on national development planning, innovation, policy evaluation, and addressing inter-sectoral issues, while also ensuring national security interests in economic policies.
• Chairperson: Narendra Modi 
• Vice chairperson: Suman Bery
• CEO: Nidhi Chhibber

Union Minister of State Dr. Jitendra Singh Launches First-Ever Administrative Capacity Building Programme for Scientists and Academicians

• Union Minister of State (Independent Charge) for Science & Technology Dr. Jitendra Singh launched the first-ever dedicated programme on ‘Administrative Capacity Building for Scientists and Academicians’ under Mission Karmayogi.
• The programme was launched during the ‘SADHANA Saptah’ (Strengthening Adaptive Development and Humane Aptitude for National Advancement) held at Vigyan Bhawan, New Delhi.
• The initiative aims to strengthen scientists and academic leaders by equipping them with governance skills and decision-making capabilities.
• The programme focuses on building administrative and leadership capacity among the scientific and academic community.
• During the event, the Union MoS also launched the revamped UNNATI (Unified New-Age National Training Institutions) portal to strengthen institutional capacity-building ecosystems.
• He also unveiled the roadmap for the national rollout of the Karmayogi Kartavya Karyakram, aimed at enhancing civil service training and governance efficiency.
• A Memorandum of Understanding (MoU) was signed between the Capacity Building Commission (CBC) and the Research and Information System for Developing Countries (RIS).
• The MoU aims to promote global knowledge partnerships in areas such as Artificial Intelligence (AI), digital governance, and public sector innovation.
• The overall initiative strengthens India’s vision of Mission Karmayogi for creating a future-ready, efficient, and adaptive governance system.

Recent News :

• In March 2026, Union Minister for Science and Technology Dr. Jitendra Singh inaugurated the BIRAC-BioNEST Incubation Centre at the Central Food Technology & Research Institute (CFTRI), promoting lab-to-market innovation.

CURRENT AFFAIRS: MOUS AND AGREEMENT

India and Russia Signed MoU to Establish UAV and Satellite Laboratory at CSJMU Kanpur

• India and Russia signed a Memorandum of Understanding (MoU) to establish a state-of-the-art Unmanned Aerial Vehicle (UAV) and Satellite Laboratory at Chhatrapati Shahu Ji Maharaj University (CSJMU), Kanpur.
• The initiative is being implemented in partnership with:
• Geoscan Group
• Indo-Russia Innopraktika Technology Hub
• Kalam SPS Research Centre
• The collaboration aims to promote drone design, UAV technology, and satellite applications through joint research, certification courses, and skill development programmes.
• The initiative will support training of students, engineers, and researchers, contributing to the development of a skilled workforce in advanced aerospace and drone technologies.
• Russian Ambassador to India Denis Alipov described the initiative as a landmark step in India–Russia technological partnership.
• The collaboration focuses on applications of UAV and satellite technologies in:
• Agriculture
• Defence
• Disaster management
• The MoU includes the launch of drone and satellite certification courses at the CSJMU campus.
• The initiative forms part of the broader India–Russia technological partnership strengthened during the State Visit of Vladimir Putin to India in December 2025.
• The partnership emphasises human resource development and talent pipeline creation for advancing bilateral technological cooperation between India and Russia.
• The establishment of the UAV and Satellite Laboratory represents a significant milestone in strengthening academic collaboration, technology transfer, and innovation capacity between the two countries.

About Russia:

• Capital: Moscow
• Currency: Russian Ruble
• President: Vladimir Putin

Ministry of Ports, Shipping and Waterways Signed Plan of Implementation with Korea International Cooperation Agency for Skill Development in Shipbuilding Sector

• The Ministry of Ports, Shipping and Waterways (MoPSW) signed a Plan of Implementation with the Korea International Cooperation Agency (KOICA) to strengthen skill development in India’s shipbuilding and marine sector.
• The project aligns with the Maritime Amrit Kaal Vision 2047, aiming to position shipbuilding as a strategically important sector for economic growth and global maritime leadership.
• The project titled “Support the Establishment of Development Strategies and to Build a Foundation for Skilled and Professional Talents for the Indian Shipbuilding and Marine Sector” focuses on strengthening human resource capacity in the maritime industry.
• Under the collaboration, KOICA, with support from the Korea Research Institute for Vocational Education and Training, will conduct:
• Workforce mapping
• Skill gap assessment
• Preparation of a master plan
• Development of an actionable roadmap for human resource development
• Union Minister of Ports, Shipping and Waterways Sarbananda Sonowal stated that the partnership will help build a future-ready and globally competitive shipbuilding ecosystem in India.
• The collaboration aims to:
• Strengthen institutional capacity
• Promote innovation in shipbuilding
• Generate high-quality employment opportunities, especially for youth
• Support development of a technologically skilled maritime workforce
• As part of the initiative, bilateral workshops on workforce development will be conducted in India and the Republic of Korea, involving industry leaders, policymakers, stakeholders, and academic experts.
• The collaboration will leverage the advanced technological expertise of the Republic of Korea to strengthen India’s shipbuilding and marine engineering sectors.
• Discussions between MoPSW and KOICA are in the final stages for establishing a ‘Shipbuilding Workforce Development and Technology Cooperation Center’ in India to:
• Provide industry-oriented vocational training
• Enhance technical competencies
• Improve productivity through advanced skill development programmes
• The initiative supports India’s goal of becoming a global hub for shipbuilding and maritime services through capacity building, international cooperation, and sustainable maritime sector development.

About South Korea

• Capital: Seoul
• Currency: South Korean Won
• President: Yoon Suk-yeol
• Prime Minister: Han Duck-soo

Government of India Signed Agreement with Goa Government and Cochin Port Authority for Adoption of SAMPANN (System for Accounting and Management of Pension) Pension Management Platform

• The Government of India signed an agreement with the Government of Goa and the Cochin Port Authority (CPA) for adoption of SAMPANN (System for Accounting and Management of Pension), a flagship digital pension and financial management platform of the Department of Telecommunications (DoT).
• The agreement was signed by:
• G. Sandeep Kumar Goud, Deputy Controller General of Communication Accounts (CGCA), on behalf of the Office of Controller General of Communication Accounts
• Kasivishwanath, Chairman, Cochin Port Authority
• Shakeel Ul Rehman Rather, Resident Commissioner, Government of Goa
• SAMPANN is a cloud-based end-to-end online pension management system covering the entire pension administration lifecycle, including:
• Case initiation
• Pension sanction and authorisation
• Pension disbursement
• Accounting
• The platform is managed by the Office of the Controller General of Communication Accounts (CGCA) under the Department of Telecommunications.
• The platform was dedicated to the nation on 29 December 2018 by Prime Minister Narendra Modi under the Digital India Mission.
• Adoption of SAMPANN by the Government of Goa and Cochin Port Authority supports technology-enabled, transparent, accountable, and citizen-centric governance through reuse of national digital public infrastructure platforms.
• Minister of Communications Jyotiraditya Scindia stated that:
• SAMPANN is currently disbursing about ₹1,650 crore monthly pension
• A total of about ₹72,000 crore pension has already been disbursed through the platform
• The Minister also directed the Department of Posts and Department of Telecommunications to explore adoption of SAMPANN for onboarding Department of Posts pensioners.
• During the event, the SAMPANN Coffee Table Book was released, highlighting the role of Digital Public Infrastructure in delivering transparent and efficient public services.
• The initiative reflects the Government of India’s commitment to citizen-centric service delivery, digital governance expansion, and strengthening pension administration systems across institutions.

Daily CA One- Liner: April 8

• India’s indigenously developed 500 Megawatt (MW) Prototype Fast Breeder Reactor (PFBR) at Kalpakkam Tamilnadu, achieved criticality, marking a major milestone in India’s nuclear energy programme
• The impeachment motion against the Chief Election Commissioner (CEC) Gyanesh Kumar was rejected by both Houses of Parliament of India
• India added a record 6.05 Gigawatt (GW) of wind power capacity in Financial Year 2025–26, marking the highest-ever annual wind capacity addition in the country’s history.
• The Government of India launched the first-ever Annual Survey of Incorporated Services Sector Enterprises (ASISSE) in April 2026 to strengthen India’s economic data system related to the services sector
• India and Russia signed a Memorandum of Understanding (MoU) to establish a state-of-the-art Unmanned Aerial Vehicle (UAV) and Satellite Laboratory at Chhatrapati Shahu Ji Maharaj University (CSJMU), Kanpur
• The Ministry of Ports, Shipping and Waterways (MoPSW) signed a Plan of Implementation with the Korea International Cooperation Agency (KOICA) to strengthen skill development in India’s shipbuilding and marine sector
• The Government of India signed an agreement with the Government of Goa and the Cochin Port Authority (CPA) for adoption of SAMPANN (System for Accounting and Management of Pension), a flagship digital pension and financial management platform of the Department of Telecommunications
• Bank of Baroda (BoB) launched bob SAMVAD, an AI-powered multilingual conversational platform, in Mumbai, Maharashtra.
• The Reserve Bank of India (RBI) has kept the Foreign Portfolio Investor (FPI) investment limits in Government Securities (G-Secs), State Government Securities (SGSs), and Corporate Bonds unchanged for FY 2026–27.
• The Reserve Bank of India (RBI) cancelled the licence of The Shirpur Merchants’ Co-operative Bank Ltd., Shirpur and the bank ceased operations from April 06, 2026.
• The Moody’s Ratings (US-based credit rating agency) released its Credit Opinion Report on India, revising India’s Gross Domestic Product (GDP) growth forecast for FY2026–27 (FY27) downward by 80 basis points to 6%, from the earlier estimate of 8%.
• First Deputy Prime Minister of Russia, Denis Manturov, undertook a two-day official visit to India, aimed at strengthening India–Russia bilateral relations across key sectors.
• Shri Narendra Bhooshan (IAS, 1992 batch, Uttar Pradesh cadre) has assumed charge as Secretary, Department of Land Resources under the Ministry of Rural Development, Government of India.
• Nineteen newly elected/re-elected Members of Rajya Sabha took oath/affirmation in the Rajya Sabha Chamber, Parliament.
• Croatian high jumper Blanka Vlašić, a double Olympic medallist and two-time World Champion, has been appointed as the International Event Ambassador for the World 10K Bengaluru 2026.
• Raksha Mantri Rajnath Singh laid the foundation stones of Ophthalmology, Oncology & Joint Replacement Centres at Army Hospital (Research & Referral) during the 262nd Army Medical Corps Raising Day.
• The Keel Laying Ceremony of Fast Patrol Vessel-4 (FPV-4) (Yard 16504) and Plate Cutting Ceremony of FPV-7 (Yard 16507) under the 14 FPV Project (Yard 16501–14) for the Indian Coast Guard was held on April 06, 2026.
• The National Institution for Transforming India (NITI Aayog) under its Atal Innovation Mission (AIM) launched two new initiatives: ATL Sarthi and the Mentor India Academy at Vardhaman College of Engineering, Hyderabad (Telangana).
• Union Minister of State (Independent Charge) for Science & Technology Dr. Jitendra Singh launched the first-ever dedicated programme on ‘Administrative Capacity Building for Scientists and Academicians’ under Mission Karmayogi.