Dear Readers, get to know the daily current affairs today covering all the National & International Events provided here in this article. Current Affairs is an important topic in various competitive exams like IBPS/SBI/PO/Clerk and other competitive exams. To score better in this section, be updated with the daily happenings. Check the Daily Current Affairs March 2026 updates here. Revision is very important in remembering current affairs. Candidates after learning the Daily current affairs 18th  April 2026, can test their knowledge by attempting Current Affairs Quiz provided with answers. Daily current affairs 18th April 2026 covers current affairs from International & National news, Important Days, State News, Banking & Economy, Business News, Appointments & Resignation, Awards & Honour, Books & Authors, Sports News, etc.,

Daily Current Affairs PDF of 18th April 2026

Get More: Static GK Pdfs

CURRENT AFFAIRS : BANKING, FINANCE & BUSINESS

Financial Intelligence Unit-India and Pension Fund Regulatory and Development Authority Sign Memorandum of Understanding to Strengthen Fight Against Money Laundering and Financial Crimes

• The Financial Intelligence Unit-India (FIU-IND) and the Pension Fund Regulatory and Development Authority (PFRDA) signed a Memorandum of Understanding (MoU) to strengthen cooperation against money laundering and financial crimes.
• The MoU was signed by Shri Amit Mohan Govil (Director, FIU-IND) and Shri Randip Singh Jagpal (Whole Time Member, PFRDA) in the presence of Shri Sivasubramanian Ramann, Chairperson, PFRDA.
• The agreement aims to enhance information sharing, regulatory coordination, and joint efforts in combating Money Laundering (ML) and Terror Financing (TF)
• Both agencies will conduct outreach and training programmes for regulated and reporting entities to improve Anti-Money Laundering / Combating Financing of Terrorism (AML/CFT)
• The MoU provides for quarterly meetings between FIU-IND and PFRDA to exchange information and discuss issues of mutual interest.
• Each organisation will appoint a nodal officer and alternate nodal officer to ensure regular coordination and smooth communication.
• The partnership will support the assessment of ML/TF risks and vulnerabilities across financial sub-sectors under the pension ecosystem.
• Both institutions will identify and share red flag indicators for suspicious financial transactions to strengthen preventive monitoring.
• The MoU also covers supervision of compliance with the Prevention of Money Laundering Act (PMLA), PML Rules, and PFRDA guidelines.
• The agreement enables exchange of information with foreign Financial Intelligence Units through the Egmont Principles of Information Exchange.

Recent News :

• In April 2026, The Financial Intelligence Unit-India (FIU-IND) and the Indian Cyber Crime Coordination Centre (I4C) signed a Memorandum of Understanding (MoU) to strengthen India’s fight against cyber frauds and financial crimes.

ABOUT FINANCIAL INTELLIGENCE UNIT-INDIA (FIU-IND) :

• FIU-IND is India’s central national agency responsible for receiving, analysing, and disseminating information related to suspicious financial transactions.

About PFRDA:

• Established: 2003
• Under which Ministry: Ministry of Finance, Government of India
• Headquarters: New Delhi
• Chairman: Sivasubramanian Ramann
• PFRDA is the statutory regulator established under the PFRDA Act, 2013, responsible for regulating and developing India’s pension sector, including the National Pension System (NPS) and Atal Pension Yojana (APY).

Financial Intelligence Unit-India and Securities and Exchange Board of India Sign Memorandum of Understanding to Strengthen Fight Against Money Laundering and Financial Crimes

• The Financial Intelligence Unit-India (FIU-IND) and the Securities and Exchange Board of India (SEBI) signed a Memorandum of Understanding (MoU) to strengthen cooperation against money laundering and financial crimes.
• The MoU was signed by Shri Amit Mohan Govil (Director, FIU-IND) and Shri Sandip Pradhan (SEBI Whole Time Member).
• The agreement marks a new phase of collaborative intelligence sharing between two key agencies involved in India’s financial security and regulatory system.
• Under the MoU, both organisations will share relevant intelligence and database information to detect suspicious financial activities.
• It will also establish procedures for reporting by regulated entities and reporting entities to FIU-IND under the Prevention of Money Laundering (Maintenance of Records) Rules / PML Rules.
• The MoU enables information exchange with foreign Financial Intelligence Units through the Egmont Principles of Information Exchange.
• FIU-IND and SEBI will jointly organise outreach and training programmes to improve Anti-Money Laundering / Combating Financing of Terrorism (AML/CFT) capabilities of SEBI-regulated entities.
• Both agencies will hold quarterly meetings to exchange information and discuss matters of mutual interest while ensuring alignment with international standards.
• The cooperation includes assessment of Money Laundering / Terror Financing (ML/TF) risks and vulnerabilities across relevant financial sub-sectors.
• Both institutions will identify and disseminate red flag indicators for suspicious transactions to strengthen fraud detection and prevention.
• The MoU also covers monitoring compliance with the Prevention of Money Laundering Act (PMLA), PML Rules, and SEBI guidelines.

About SEBI :

• Established : 12 April 1988 as an executive body and was given statutory powers on 30 January 1992 through the SEBI Act, 1992
• Headquarters : Mumbai, Maharashtra
• Chairman : Tuhin Kanta Pandey
• SEBI is the regulatory body for securities and commodity markets in India under the ownership of the Ministry of Finance (MoF), GoI.
• SEBI ensures transparency, integrity, and orderly functioning of the securities market through regulation of listed companies, intermediaries, and market participants.

Securities and Exchange Board of India Extends Registration Validity for Not-for-Profit Organisations on Social Stock Exchange to Boost Fundraising

• The Securities and Exchange Board of India (SEBI) has relaxed key norms for the Social Stock Exchange (SSE) to boost fundraising for Not-for-Profit Organisations (NPOs) and enhance participation.
• SEBI has extended the registration validity of NPOs on the SSE to up to 3 years, compared to the earlier 2-year limit, even if they do not raise funds immediately.
• The extension aims to address delays in statutory and regulatory approvals that often hinder fundraising activities.
• SEBI has reduced the minimum subscription requirement for Zero Coupon Zero Principal (ZCZP) instruments from 75% to 50%, subject to project viability and meaningful implementation.
• Even under reduced subscription levels, the Social Stock Exchange (SSE) will conduct due diligence to ensure proper utilisation of funds for project execution.
• If the minimum subscription is not met, funds must be refunded to investors, and NPOs must disclose plans to raise the remaining capital.
• NPOs are also required to disclose the impact of funding shortfalls on project outcomes and implementation.
• SEBI has earlier reduced the minimum investment for Social Impact Funds to ₹1,000 from ₹2 lakh, aiming to improve retail participation.
• These reforms are part of SEBI’s broader objective to strengthen the SSE ecosystem and improve fundraising efficiency for social enterprises.
• The overall aim is to channel more capital towards social impact initiatives and enhance the effectiveness of the social fundraising framework in India.

Bajaj Allianz Life Launches Nifty 500 Low Volatility Index Fund Under ULIP Scheme

• Bajaj Allianz Life Insurance has launched the Nifty 500 Low Volatility 50 Index Fund under its ULIP (Unit Linked Insurance Plan)
• The fund follows a rules-based passive investment strategy, selecting 50 low-volatility stocks from the broader Nifty 500 universe.
• It aims to reduce investment risk while maintaining portfolio diversification across market segments.
• The portfolio has a strong large-cap bias (around 79%), with remaining allocation in mid-cap and small-cap stocks.
• The fund is benchmarked against the Nifty 500 Low Volatility 50 Index.
• Its objective is to deliver steady compounding returns with lower market volatility while still participating in India’s equity growth story.
• The New Fund Offer (NFO) for the scheme will close on April 30.

India’s Wholesale Price Index inflation rises to 3.88% in March 2026, hitting a 38-month high from 2.1% in February 2026

• India’s Wholesale Price Index (WPI)-based inflation rose sharply to 3.88% (YoY) in March 2026, marking a 38-month high, compared to 2.1% in February 2026.
• The rise in WPI inflation was mainly driven by increasing fuel, energy, and manufacturing costs.
• A key factor behind the surge was crude oil price inflation of 51.6%, along with supply disruptions due to the West Asia conflict, which pushed up input and transportation costs across sectors.
• Inflation refers to the rate at which the general price level of goods and services increases over time, leading to a decline in purchasing power of money or real income.
• In simple terms, during inflation, each unit of currency buys fewer goods and services than before.
• Wholesale Price Index (WPI) measures price changes in the wholesale market.
• The WPI data is compiled and released by the Department for Promotion of Industry and Internal Trade (DPIIT).
• The base year of WPI is 2011–12, and it includes 697 items classified into different categories.
• The WPI basket is dominated by Manufactured Products (64.23%), followed by Primary Articles (22.62%) and Fuel & Power (13.15%), reflecting key trends in industry, agriculture, and energy prices.

Shriram Finance Arm Receives Reserve Bank of India Approval to Launch Primary Dealer Business

• Shriram Finance Limited announced that its wholly owned subsidiary Shriram Overseas Investments Limited has received in-principle approval from the Reserve Bank of India (RBI) to commence Primary Dealer (PD) business.
• The approval is conditional, subject to compliance with RBI operational, technical, and infrastructure requirements before final commencement.
• Primary Dealers (PDs) are specialised financial institutions authorised by the RBI to act as intermediaries between the central bank and financial markets in the Government Securities (G-Sec) ecosystem.
• PDs are responsible for participating in Government Securities (G-Sec) and Treasury Bills (T-Bills) auctions, supporting efficient government borrowing.
• They also perform the function of underwriting government securities issuances to ensure smooth market absorption.
• Primary Dealers provide liquidity in the secondary market through active buying and selling of government securities.
• The PD framework is regulated under RBI guidelines governing market operations and financial stability.
• The approval and related disclosures fall under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI LODR) for transparency in listed entities.
• The status of approval is not final, and full operational permission will be granted only after fulfilling all RBI-mandated conditions.

China Becomes India’s Largest Trading Partner in FY26; Trade Deficit Widens to USD 112 Billion

• China emerged as India’s largest trading partner in Financial Year 2025-26 (FY26), with total bilateral trade reaching USD 151.1 billion, according to Government of India (GoI)

Key Highlights :

• India’s trade deficit with China widened significantly to USD 112.16 billion, reflecting a sharp imbalance in bilateral trade.
• China has replaced the United States of America (USA) as India’s largest trading partner after the US held the position for four consecutive years (till FY25).
• India’s exports to China rose sharply by 36.66% to USD 19.47 billion, indicating improved outbound shipments.
• India’s imports from China increased by 16% to USD 131.63 billion, contributing to the widening trade deficit.
• The trade deficit with China touched an all-time high of around USD 112.6 billion in FY26, compared to USD 99.2 billion in FY25.
• India’s trade with the United States grew marginally, with exports rising 0.92% to USD 87.3 billion, while imports increased 15.95% to USD 52.9 billion.
• The trade surplus with the USA declined to USD 34.4 billion in FY26 from USD 40.89 billion in FY25.
• India recorded negative export growth with key partners including the Netherlands, UK, Singapore, Bangladesh, Saudi Arabia, Australia, France, South Africa, and Malaysia.
• India recorded positive export growth with countries such as the UAE, Germany, Hong Kong, Italy, Nepal, Brazil, Spain, Belgium, and Vietnam.
• India’s imports declined from countries including Russia, Iraq, Indonesia, Australia, Qatar, and Taiwan.
• India’s imports increased from countries such as the UAE, Saudi Arabia, Hong Kong, Switzerland, Singapore, Japan, South Korea, Germany, Thailand, and Malaysia.

 CURRENT AFFAIRS: NATIONAL AND STATE NEWS

Chhattisgarh Government Approves Committee to Draft Uniform Civil Code Framework

• The Government of Chhattisgarh, led by Vishnu Deo Sai, approved the formation of a high-level committee to prepare a draft framework for implementation of the Uniform Civil Code (UCC) in the State.
• The move places Chhattisgarh among States taking steps toward a common civil law framework.
• The committee will:
  • study the feasibility of implementing the Uniform Civil Code,
  • prepare a draft framework,
  • examine legal, social, and cultural implications.
• The decision marks the initial policy-level step, not immediate implementation of the Uniform Civil Code.
• The Uniform Civil Code aims to introduce common civil laws governing marriage, divorce, inheritance, and adoption for all citizens irrespective of religion.
• The concept of the Uniform Civil Code is mentioned under Article 44 of the Constitution of India in the Directive Principles of State Policy (DPSP).
• Directive Principles of State Policy (DPSP) are non-justiciable and implementation depends on legislative action by governments.
• With this step, Chhattisgarh joins other States moving toward the Uniform Civil Code, including:
  • Uttarakhand, which has implemented the Uniform Civil Code,
  • Gujarat, where the Assembly has recently taken steps related to the Uniform Civil Code.
• The initiative reflects a gradual approach toward legal uniformity in personal laws across citizens in line with constitutional guidance under Article 44.

RECENT NEWS

• The Chhattisgarh State Cabinet has approved the draft of the Freedom of Religion Bill of 2026,. This bill is aimed at preventing illegal religious conversions in the state. This decision was taken during a Cabinet meeting in Raipur chaired by Chief Minister Vishnu Deo Sai. 

About Chhattisgarh:
• Chief Minister: Vishnu Deo Sai
• Governor: Ramen Deka
• Capital: Raipur
• National Parks: Indravati National Park, Kanger Valley National Park, Guru Ghasidas (Sanjay) National Park
• Wildlife Sanctuaries: Achanakmar Wildlife Sanctuary, Badalkhol Wildlife Sanctuary, Udanti Wildlife Sanctuary, Sitanadi Wildlife Sanctuary

Prime Minister Narendra Modi to Chair First High-Level Conference of Central Armed Police Forces

• Prime Minister of India Shri Narendra Modi, will chair the first-ever high-level conference of the Central Armed Police Forces (CAPFs) to strengthen coordination among security forces and enhance the country’s internal security framework.
• The initiative aims to develop a unified strategy to address emerging internal security challenges, including extremism, insurgency, and cyber threats.

• The conference marks the first joint high-level meeting of senior leadership of Central Armed Police Forces on a single platform.
• It aims to improve coordination, intelligence-sharing, and joint operational planning among security agencies.
• The meeting reflects the Government’s focus on building a technology-driven and integrated internal security system.
• Major issues to be discussed include:
• Left-Wing Extremism
• insurgency
• cyber-enabled threats and digital crimes
• border security challenges
• emerging hybrid security threats
• The conference will strengthen coordination between Central Armed Police Forces, intelligence agencies including the Intelligence Bureau, and State police forces.
• The Intelligence Bureau has collected inputs from stakeholders to support outcome-oriented discussions.
• Central Armed Police Forces function under the Ministry of Home Affairs and play a key role in internal security, border management, and counter-terrorism operations.
• Major Central Armed Police Forces include:
• Central Reserve Police Force
• Border Security Force
• Central Industrial Security Force
• Indo-Tibetan Border Police
• Sashastra Seema Bal

RECENT NEWS

• Honorable Prime Minister of India Shri Narendra Modi have inaugurated the Delhi-Dehradun Economic Corridor. This corridor marks the major leap to India’s infrastructure development. This ambitious project aims to improve the connectivity between the Delhi and Uttarakhand along with boosting the tourism, trade and employment. 

Special Session of Parliament: Bills Introduced for Lok Sabha Expansion and Delimitation Reform

• The Government of India introduced key legislative proposals in a special session of the Parliament of India including the Constitution (131st Amendment) Bill, Delimitation Bill, 2026, and Union Territory Laws (Amendment) Bill.
• The proposals aim to expand the Lok Sabha, enable fresh delimitation using the 2011 Census, and facilitate implementation of women’s reservation before the 2029 General Elections.

Key Highlights

• The Constitution (131st Amendment) Bill proposes increasing the strength of the Lok Sabha from 543 to 850 seats.
• Parliament may be empowered to conduct delimitation using 2011 Census data instead of waiting for the next Census.
• The move will help implement 33% reservation for women under the Constitution (106th Amendment) Act, 2023 before the 2029 General Elections.
• The Delimitation Bill, 2026 proposes setting up a Delimitation Commission headed by a retired judge of the Supreme Court of India with participation from the Election Commission of India.
• The Commission will redraw constituency boundaries and realign SC/ST and women reserved seats based on population distribution.
• The Union Territory Laws (Amendment) Bill extends provisions of seat expansion and women’s reservation to Delhi, Puducherry, and Jammu and Kashmir.
• The total proposed strength of the Lok Sabha includes 815 seats for States and 35 seats for Union Territories.
• Delimitation has remained largely frozen based on the 1971 Census due to provisions introduced under the 42nd Constitutional Amendment Act, 1976 and later extended through the 84th Constitutional Amendment Act, 2001.
• The proposed delimitation reform aims to ensure better representation as currently one Member of Parliament represents nearly 25 lakh people on average.
• The proposal enables early implementation of women’s reservation instead of delaying it beyond 2034.

Supreme Court Ruled Dowry Givers Who Are Victims Cannot Be Prosecuted Under Dowry Prohibition Act

• The Supreme Court of India ruled that individuals who give dowry under social compulsion, particularly the bride and her family as aggrieved victims, cannot be prosecuted under the Dowry Prohibition Act, 1961.
• The Court emphasized that the law recognises the social reality of coercion in dowry cases and provides protection to victims reporting dowry harassment.

Key Highlights

• The Supreme Court of India clarified that although the Dowry Prohibition Act, 1961 criminalises both giving and taking dowry, victims who give dowry under compulsion cannot be prosecuted.
• The Court referred to Section 7(3) of the Dowry Prohibition Act, 1961, which protects dowry givers when they file complaints as aggrieved persons.
• The provision aims to encourage reporting of dowry harassment without fear of legal action against victims.
• The ruling came while hearing a plea by a husband who argued that First Information Reports should also be filed against the wife and her family since they admitted to giving dowry.
• The Court rejected the argument and observed that such admissions are often made by victims while seeking justice and should not result in prosecution.
• The Court noted that Section 7(3) recognises that families are often compelled to give dowry due to social pressure and coercion.
• The protection under the provision ensures:
• protection of victims from prosecution,
• encouragement to report dowry-related offences, and
• clear distinction between offenders and victims.
• The Court also referred to recommendations of the Joint Parliamentary Committee, which observed that parents and families giving dowry are often victims of social customs and should not be treated at par with those demanding or accepting dowry.
• The judgment strengthens the legal framework against dowry by recognising ground realities of social coercion, protecting victims from legal consequences, and encouraging women to report harassment cases without fear.

CURRENT AFFAIRS : INTERNATIONAL NEWS

India and Germany Unveil Commemorative Logo Celebrating 75 Years of Diplomatic Relations

• India and Germany officially launched a commemorative logo to mark 75 years of diplomatic relations between the two countries.
• The logo was unveiled during the India-Germany Foreign Office Consultations (FOC) held in Berlin, Germany.
• The consultations were co-chaired by Vikram Misri, Secretary, Ministry of External Affairs (India), and Dr. Géza Andreas von Geyr, German State Secretary.
• The year 2026 marks 75 years of diplomatic ties between India and Germany.
• The two nations are also celebrating 25 years of Strategic Partnership in 2026.
• The commemorative logo was selected through a joint competition hosted on the MyGov platform.
• Participants from both India and Germany were invited to design a symbol representing the countries’ deep-rooted friendship.
• During the consultations, both sides reaffirmed their commitment to strengthening bilateral relations.
• A comprehensive review of cooperation was conducted in areas such as trade and investment, defence and security, technology, green and sustainable development, mobility, and people-to-people exchanges.

About Germany :

• President : Frank-Walter Steinmeier
• Capital : Berlin
• Currency : Euro

CURRENT AFFAIRS: AWARDS AND HONOURS

Sayani Gupta Named Harvard South Asian “Person of the Year” 2026

• Sayani Gupta has been honoured with the Harvard South Asian “Person of the Year” Award 2026 by the Harvard South Asian Association for her impactful contribution to storytelling and representation of South Asian identities at the global level.

Key Highlights

• The award recognises individuals making significant contributions to South Asian culture, identity, and representation globally.
• Sayani Gupta was honoured for promoting inclusive and socially relevant storytelling through her performances.
• She joins Vikas Khanna, who received the award in 2025.
• Her notable works include:
• Four More Shots Please!
• Article 15
• Delhi Crime
• Inside Edge
• Axone
• Her role as Damini Rizvi Roy in Four More Shots Please! received wide appreciation for portraying a modern urban woman’s challenges.
• She is also making her directorial debut with the short film Aasmani.
• The film is scheduled to premiere at:
• WorldFest-Houston International Film Festival (April 25, 2026)
• Indie Meme Film Festival (April 26, 2026)
• The Harvard South Asian Association is a student-led body at Harvard University that promotes South Asian culture, leadership, and global dialogue on identity and representation.

CURRENT AFFAIRS : APPOINTMENTS & RESIGNATIONS

Infosys Appoints Carlos Alcaraz as Global Brand Ambassador for Tennis and AI Partnership Initiative

• Infosys, a global technology company, has appointed Spain’s men’s World No. 1 tennis player Carlos Alcaraz as its Global Brand Ambassador.
• The partnership continues Infosys’ association with tennis legends such as Rafael Nadal (Spain) and Iga Świątek (Poland).
• Through Infosys Topaz (AI-first platform), Infosys will collaborate with Carlos Alcaraz and his coaching team to develop AI-driven match analytics.
• The collaboration will support personalised performance applications for match preparation and in-game strategy improvement.
• The partnership will also extend beyond sports through joint initiatives between Infosys and the Carlos Alcaraz Foundation.
• Carlos Alcaraz Garfia is a Spanish professional tennis player and, as of April 2026, is recognised as the youngest male player to complete a Career Grand Slam.
• He has won multiple Grand Slam titles, including Wimbledon and the US Open.
• Alcaraz became the youngest World No. 1 in ATP rankings in the modern era.
• He has also won several ATP Masters 1000 titles, establishing himself as one of the top players in global tennis.

Samrat Choudhary Becomes Bihar Chief Minister After Nitish Kumar Resigns

• Samrat Choudhary was sworn in as the 24th Chief Minister of Bihar, becoming the first BJP leader to hold the post in the state.
• The oath ceremony was administered by Syed Ata Hasnain at Raj Bhavan, Patna (Bihar).
• His appointment marks a significant political shift in Bihar’s leadership.
• Samrat Choudhary has been a member of the Bihar Legislative Assembly representing the Tarapur Assembly constituency since 2025.
• He previously served as the Deputy Chief Minister of Bihar (2024–2026) in the Nitish Kumar-led government.
• The leadership change followed the resignation of Nitish Kumar, who is Bihar’s longest-serving Chief Minister.
• Nitish Kumar transitioned to national politics after becoming a Member of the Rajya Sabha.
• Senior Janata Dal (United) leaders Vijay Kumar Choudhary and Bijendra Prasad Yadav were sworn in as Deputy Chief Ministers of Bihar.
• The development reflects continued cooperation within the National Democratic Alliance (NDA) in Bihar politics.
• The transition marks the end of Nitish Kumar’s long tenure as CM, which lasted from February 2015 to April 2026.

CURRENT AFFAIRS : DEFENCE NEWS

Indian Army Launches First Blue Water Sailing Expedition ‘Samudra Sahas’ from Mumbai,Maharashtra

• The Indian Army’s Regiment of Artillery flagged off its first blue water sailing expedition, named Samudra Sahas, from Marve, Mumbai, Maharashtra.
• The expedition was inaugurated by N. S. Sarna, Commandant of the School of Artillery.
• The voyage has been organised as part of the bicentenary celebrations (200 years) of the Regiment of Artillery.
• The expedition also pays tribute to the maritime legacy of Chhatrapati Shivaji Maharaj.
• Samudra Sahas will cover a distance of about 520 nautical miles along the Konkan Coast.
• The voyage will use 21-foot Seabird class sailing boats for the mission.
• The expedition is divided into four legs: Mumbai – Vijaydurg – Goa – Vijaydurg – Mumbai.
• The sailing team will travel around 7 nautical miles off the coast, facing changing sea and wind conditions.
• Wind speeds are expected to vary from 2–4 knots to 10–15 knots, demanding high levels of seamanship, endurance, and coordination.
• The expedition is led by Captain Kshitij Nair and Subedar Prakash Funde.
• Ground support for the mission is being provided by Major Vardhan Shidhye.
• The crew underwent pre-expedition training at the Heavy Bridge Training Centre, Marve.
• The mission aims to promote teamwork, leadership, endurance, and adventure spirit among Army personnel.
• The expedition is being supported administratively and operationally by the Indian Navy (IN) and the Indian Coast Guard (ICG).

INS Sudarshini of the Indian Navy Arrived at Casablanca, Morocco During Its Ongoing Lokayan 26 Transoceanic Mission

• The Indian Navy’s Sail Training Ship INS Sudarshini made a port call at Casablanca, Morocco, as part of its ongoing transoceanic deployment under Lokayan 26.
• The visit reflects India’s maritime outreach under the vision of MAHASAGAR (Mutual and Holistic Advancement for Security and Growth Across the Region).
• The port call at Casablanca marks an important milestone in the expedition and highlights growing India–Morocco bilateral relations and naval cooperation.
• On arrival, the Commanding Officer of INS Sudarshini met Cmde Hassan Akouli, Commander of the Central Maritime Sector, Moroccan Navy.
• The Commanding Officer also called on Cmde Omar Nasri, Director of the Royal Naval School, Morocco.
• Discussions focused on enhancing maritime collaboration, naval cooperation, and training exchanges between the Indian Navy and the Royal Moroccan Navy.
• During the three-day visit, the crew of INS Sudarshini will interact with Moroccan naval personnel and host senior officials onboard.
• The programme includes professional, cultural, and diplomatic engagements aimed at strengthening goodwill and mutual understanding.
• The visit provides valuable exposure to the ship’s crew and trainees, showcasing India’s expertise in ocean sailing and maritime diplomacy.
• Over the past year, four Indian naval ships — INS Tabar, INS Tarkash, INS Sumedha, and INS Tushil — have visited Casablanca, improving trust and interoperability.
• Rear Admiral Mohamed Tahin, Inspector of the Royal Moroccan Navy, visited India’s Southern Naval Command in November 2025 during an official visit.

About Ministry of Defence:

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

CURRENT AFFAIRS : APPS & PORTALS

European Union Launches Open-Source Age Verification App to Restrict Minors’ Access to Online Content

• The European Union (EU) has launched an open-source age verification app to confirm users’ age online and regulate access to digital content for minors.
• The initiative aims to establish a common standard for age verification as countries increasingly move to restrict minors’ access to social media and harmful online content.
• The app was announced by Ursula von der Leyen, President of the European Commission.
• It is designed as a free, easy-to-use digital solution that online platforms can adopt to prevent children from accessing illegal or inappropriate content.
• The system requires users to verify their identity using official documents such as passports during the setup process.
• The app will work across multiple devices including smartphones, tablets, and computers, ensuring cross-platform compatibility.

About European Union (EU) :

• The European Union (EU) is a political and economic union of 27 member states located primarily in Europe.
• The headquarters of the EU is in Brussels, Belgium, and it was established under the Maastricht Treaty on 1 November 1993.

CURRENT AFFAIRS: MOUS AND AGREEMENT

India and New Zealand to Sign Free Trade Agreement on 27 April 2026

• India and New Zealand are set to sign a Free Trade Agreement (FTA) on 27 April 2026 to strengthen bilateral economic ties, boost exports, improve market access, and enhance cooperation across multiple sectors.
• The agreement is expected to attract nearly 20 billion United States dollars in investment over 15 years, marking a significant step in India’s global trade strategy.

Key Highlights

• India will receive duty-free access on 100% of its exports to New Zealand, benefiting sectors such as textiles, pharmaceuticals, and engineering goods.
• India will reduce or eliminate tariffs on about 95% of New Zealand’s exports, including wool, coal, wood, wine, avocados, and blueberries.
• India has excluded sensitive sectors such as dairy products, edible oils, and certain agricultural goods to protect domestic farmers and industries.
• The agreement is expected to double bilateral trade to 5 billion United States dollars within five years.
• The FTA is projected to attract nearly 20 billion United States dollars in investment over 15 years.
• The agreement will improve supply chains, export opportunities, and economic cooperation between the two countries.
• Under the services sector provisions, New Zealand will provide temporary work visas to around 5,000 skilled Indian professionals per year with a stay duration of up to three years.
• The agreement strengthens India’s efforts to expand global trade partnerships and reduce dependence on limited export markets.
• The FTA also enhances India’s strategic position in the Indo-Pacific region, promoting long-term economic growth and cooperation between the two countries.

About New Zealand

• Capital: Wellington
• Currency: New Zealand Dollar
• Prime Minister: Christopher Luxon

CURRENT AFFAIRS: RANKING AND REPORTS

International Monetary Fund Report: India Ranked 6th Largest Economy Globally; Expected to Become 3rd by 2031

• According to the International Monetary Fund (IMF) April 2026 outlook, India has slipped to the 6th position among the world’s largest economies with an estimated Gross Domestic Product (GDP) of $4.15 trillion, slightly behind the United Kingdom at $4.26 trillion.
• Despite this shift, India is projected to become the 3rd largest economy globally by 2031.

Key Highlights

• As per the International Monetary Fund (IMF) April 2026 estimates, India’s Gross Domestic Product (GDP) is projected at $4.15 trillion, placing it 6th globally.
• The United Kingdom is ranked 5th with an estimated Gross Domestic Product (GDP) of $4.26 trillion.
• The top five largest economies currently include:
• United States – $32.3 trillion
• China – $20.85 trillion
• Germany – $5.45 trillion
• Japan – $4.38 trillion
• United Kingdom – $4.26 trillion
• The decline in ranking is mainly due to the strengthening of the United States dollar, depreciation of the Indian rupee, and revisions in economic estimates.
• Global rankings are calculated in United States dollar terms, making them sensitive to exchange-rate movements.
• India continues to remain among the fastest-growing major economies in the world.
• Key drivers of India’s economic growth include:
• strong domestic consumption,
• infrastructure development,
• expansion of the digital economy,
• growth in the manufacturing sector,
• increase in foreign investments,
• Government initiatives such as Make in India and Digital India.
• The International Monetary Fund (IMF) projects India to become the 3rd largest economy globally by 2031 based on sustained high economic growth.
• Global economic rankings may change periodically due to currency fluctuations, inflation adjustments, and revisions in economic data.

About IMF

• The IMF was established in 1944 at the Bretton Woods Conference, New Hampshire, USA, along with the World Bank.
• Headquarters: Washington, D.C., USA.
• Member Countries: Currently has 190 member countries.
• Founders: J. Keynes, Harry Dexter White

CURRENT AFFAIRS: SPORTS NEWS

Mumbai Cricket Association Introduces Player Contract System for Domestic Cricketers

• The Mumbai Cricket Association (MCA) approved the introduction of a structured player contract system from the 2026–27 domestic season, becoming the first state cricket association in India to implement a graded remuneration model for domestic players.
• The initiative aims to provide financial stability to domestic cricketers, especially those not participating in the Indian Premier League (IPL) or international cricket.

Key Highlights

• The Mumbai Cricket Association (MCA) will implement a graded annual contract system for domestic players from the 2026–27 season.
• MCA becomes the first state cricket association in India to introduce a structured player remuneration model.
• The contract structure includes:
• Grade A: ₹12 lakh to ₹20 lakh per annum
• Grade B: ₹8 lakh to ₹12 lakh per annum
• Grade C: ₹8 lakh per annum
• The initiative aims to support consistent domestic performers who are not part of IPL or international teams.
• The system will provide financial security and recognition to domestic cricketers and encourage participation in longer formats of the game.
• Eligibility conditions include:
• players must be registered with MCA,
• meet prescribed fitness standards,
• should not have represented India in the last two seasons,
• should not have been part of any IPL team in the last two seasons,
• recommendation by the selection committee is required.
• Earlier, in 2024, MCA matched match fees provided by the Board of Control for Cricket in India (BCCI) for domestic matches.
• Currently, BCCI pays approximately ₹40,000 to ₹60,000 per day for Ranji Trophy matches depending on player experience.
• With MCA matching these match fees, domestic players representing Mumbai will receive dual match-fee benefits, improving their overall earnings.

CURRENT AFFAIRS: IMPORTANT DAYS

World Heritage Day 2026 Observed on 18 April

• World Heritage Day, also known as the International Day for Monuments and Sites, is observed every year on 18 April, 2026 to promote awareness about the protection and conservation of cultural heritage worldwide.
• The day is supported by the International Council on Monuments and Sites and recognised by the United Nations Educational, Scientific and Cultural Organization.

• Theme for World Heritage Day 2026: “Emergency Response for Living Heritage in Contexts of Conflicts and Disasters.”
• The day aims to highlight the importance of safeguarding monuments, heritage sites, and cultural landscapes across the world.
• The observance was proposed in 1982 by the International Council on Monuments and Sites (ICOMOS).
• It was officially approved in 1983 during the 22nd General Conference of the United Nations Educational, Scientific and Cultural Organization (UNESCO).
• The initiative promotes awareness about the diversity and vulnerability of heritage sites and encourages conservation efforts at global, national, and local levels.
• Each year, the International Council on Monuments and Sites (ICOMOS) announces a theme focusing on current challenges in heritage preservation.

Daily CA One- Liner: April 18

• The Government of Chhattisgarh, led by Vishnu Deo Sai, approved the formation of a high-level committee to prepare a draft framework for implementation of the Uniform Civil Code (UCC) in the State
• Prime Minister of India Shri Narendra Modi, will chair the first-ever high-level conference of the Central Armed Police Forces (CAPFs) to strengthen coordination among security forces and enhance the country’s internal security framework
• The Government of India introduced key legislative proposals in a special session of the Parliament of India including the Constitution (131st Amendment) Bill, Delimitation Bill, 2026, and Union Territory Laws (Amendment) Bill
• The Supreme Court of India ruled that individuals who give dowry under social compulsion, particularly the bride and her family as aggrieved victims, cannot be prosecuted under the Dowry Prohibition Act, 1961
• Sayani Gupta has been honoured with the Harvard South Asian “Person of the Year” Award 2026 by the Harvard South Asian Association for her impactful contribution to storytelling and representation of South Asian identities at the global level
• India and New Zealand are set to sign a Free Trade Agreement (FTA) on 27 April 2026 to strengthen bilateral economic ties, boost exports, improve market access, and enhance cooperation across multiple sectors
• According to the International Monetary Fund (IMF) April 2026 outlook, India has slipped to the 6th position among the world’s largest economies with an estimated Gross Domestic Product (GDP) of $4.15 trillion, slightly behind the United Kingdom at $4.26 trillion
• The Mumbai Cricket Association (MCA) approved the introduction of a structured player contract system from the 2026–27 domestic season, becoming the first state cricket association in India to implement a graded remuneration model for domestic players.
• The Financial Intelligence Unit-India (FIU-IND) and the Pension Fund Regulatory and Development Authority (PFRDA) signed a Memorandum of Understanding (MoU) to strengthen cooperation against money laundering and financial crimes.
• The Financial Intelligence Unit-India (FIU-IND) and the Securities and Exchange Board of India (SEBI) signed a Memorandum of Understanding (MoU) to strengthen cooperation against money laundering and financial crimes.
• The Securities and Exchange Board of India (SEBI) has relaxed key norms for the Social Stock Exchange (SSE) to boost fundraising for Not-for-Profit Organisations (NPOs) and enhance participation.
• Bajaj Allianz Life Insurance has launched the Nifty 500 Low Volatility 50 Index Fund under its ULIP (Unit Linked Insurance Plan)
• India’s Wholesale Price Index (WPI)-based inflation rose sharply to 88% (YoY) in March 2026, marking a 38-month high, compared to 2.1% in February 2026.
• Shriram Finance Limited announced that its wholly owned subsidiary Shriram Overseas Investments Limited has received in-principle approval from the Reserve Bank of India (RBI) to commence Primary Dealer (PD) business.
• China emerged as India’s largest trading partner in Financial Year 2025-26 (FY26), with total bilateral trade reaching USD 151.1 billion, according to Government of India (GoI)
• India and Germany officially launched a commemorative logo to mark 75 years of diplomatic relations between the two countries.
• Infosys, a global technology company, has appointed Spain’s men’s World No. 1 tennis player Carlos Alcaraz as its Global Brand Ambassador.
• Samrat Choudhary was sworn in as the 24th Chief Minister of Bihar, becoming the first BJP leader to hold the post in the state.
• The Indian Army’s Regiment of Artillery flagged off its first blue water sailing expedition, named Samudra Sahas, from Marve, Mumbai, Maharashtra.
• The Indian Navy’s Sail Training Ship INS Sudarshini made a port call at Casablanca, Morocco, as part of its ongoing transoceanic deployment under Lokayan 26.
• The European Union (EU) has launched an open-source age verification app to confirm users’ age online and regulate access to digital content for minors.
• World Heritage Day, also known as the International Day for Monuments and Sites, is observed every year on 18 April, 2026 to promote awareness about the protection and conservation of cultural heritage worldwide