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CURRENT AFFAIRS : BANKING, FINANCE & BUSINESS

Reserve Bank of India Revokes Banking Licence of Paytm Payments Bank Limited for Regulatory Violations

• The Reserve Bank of India (RBI) cancelled the banking licence of Paytm Payments Bank Limited (PPBL) with effect from April 24, 2026, citing serious regulatory violations.
• The action was taken under Section 22(4) of the Banking Regulation Act, 1949, effectively prohibiting PPBL from conducting any banking business under Sections 5(b) and 6.
• RBI stated that PPBL’s operations were detrimental to depositors’ interests and public interest, and the bank failed to comply with Section 22(3)(b), 22(3)(c), and 22(3)(g) of the Act.
• Key reasons for cancellation included non-compliance with KYC norms, weak internal compliance systems, and repeated regulatory violations.
• RBI also noted that the general management conduct of the bank was prejudicial to depositors and public interest, and continuation of operations would not serve any useful public purpose.
• The central bank confirmed that PPBL has sufficient liquidity to repay all deposits during winding up.
• RBI will initiate an application for winding up of the bank before the High Court.
• This marks the first-ever shutdown of a Payments Bank since the framework was introduced in 2015–16.
• Following the cancellation, the number of operational payments banks in India has reduced to five: Airtel Payments Bank, India Post Payments Bank, Fino Payments Bank, Jio Payments Bank, and NSDL Payments Bank.

Union Finance Minister Nirmala Sitharaman Addresses 38th Foundation Day Celebrations of Securities and Exchange Board of India

• Union Minister for Finance & Corporate Affairs, Nirmala Sitharaman delivered the keynote address at the 38th Foundation Day of the Securities and Exchange Board of India (SEBI) in Mumbai.
• She digitally launched “Mission Jagrook”, a nationwide investor awareness initiative to promote financial literacy and investor protection.

Key Highlights :

• The Finance Minister highlighted cybersecurity as a major challenge, warning that a single cyberattack on exchanges, depositories, or brokers could disrupt markets and erode public confidence.
• She emphasized that AI-driven cyberattacks are becoming faster, adaptive, and scalable, requiring stronger and faster-evolving defence mechanisms.
• She flagged the rise of fake investment apps and deepfake videos, which impersonate leaders and mislead investors on social media.
• She appreciated SEBI’s Cybersecurity and Cyber Resilience Framework (April 2025) as a strong foundation for tackling digital threats.
• SEBI’s Data Analytics and Digital Forensics Laboratory uses AI/ML tools to detect market manipulation and fraud networks.
• She commended “SEBI Check”, which enables investors to verify payment details of registered intermediaries before transactions.
• She advocated for a soft-touch and principles-based regulatory approach, along with public consultation as highlighted in Union Budget 2023.
• She noted that Indian markets are globally integrated, requiring international regulatory coordination and alignment.
• She emphasized the need for strong grievance redressal systems that are credible, accessible, and timely, ensuring investor trust.
• She appreciated SEBI’s action against unregistered “fin-fluencers”, stressing that misleading financial advice should not be tolerated.
• She also lauded joint ‘Niveshak Shivir’ initiatives by SEBI and IEPFA to reduce unclaimed financial assets and raise awareness.
• She urged SEBI to simplify and digitalise KYC norms, ensuring uniformity across the securities market.
• Tuhin Kanta Pandey, SEBI Chairman, highlighted key reforms like screen-based trading, dematerialisation, rolling settlements, corporate governance improvements, and risk management systems.
• India currently has 5,900+ listed companies and over 140 million investors, with market capitalisation growing at ~15% CAGR and mutual fund assets at ~20% annual growth.
• The primary market facilitates nearly ₹10 trillion capital formation annually, reflecting strong market growth.

Reserve Bank of India Imposes ₹80,000 Penalty on Ebix Payment Services for Non-Compliance in Customer Risk Categorisation

• The Reserve Bank of India (RBI) imposed a ₹80,000 penalty on Ebix Payment Services for failing to ensure proper risk categorisation of customers, a key compliance requirement.
• The penalty was imposed on April 17, 2026 under the Payment and Settlement Systems Act, 2007, highlighting RBI’s strict enforcement of payment system regulations.
• RBI also imposed a ₹80,000 fine on Dr Babasaheb Ambedkar Nagari Sahakari Bank for violations under the Supervisory Action Framework (SAF).
• The bank was found to have breached lending limits on advances and offered higher deposit interest rates than State Bank of India, violating regulatory directives.

Jio Financial Services and Allianz Form 50:50 Joint Venture for Insurance Business in India

• Jio Financial Services Limited (JFSL) signed a binding agreement to form a 50:50 Joint Venture (JV) with Allianz Europe B.V., a wholly-owned subsidiary of Allianz, for general insurance and health insurance business in India.
• The collaboration was initially announced in July 2025, when both firms signed a non-binding term sheet to explore equal joint ventures in general and life insurance
• The partnership aims to combine JFSL’s digital distribution network and customer reach with Allianz’s global underwriting and risk management expertise.
• The objective is to tap into India’s underpenetrated insurance market, enhancing insurance penetration and financial inclusion.
• As part of the broader collaboration, JFSL and Allianz have also established Allianz Jio Reinsurance Limited, a 50:50 JV for reinsurance services in India.

India Releases ₹30 Billion First Drawdown for Maldives Under South Asian Association for Regional Cooperation Currency Swap Framework

• The Government of India approved a ₹30 billion currency swap facility for the Maldives under the South Asian Association for Regional Cooperation (SAARC) Currency Swap Framework, reinforcing India’s role as a key financial partner.
• This marks the first withdrawal (drawdown) of funds under the framework agreed between the Reserve Bank of India (RBI) and the Maldives.
• The facility is provided under the INR Swap Window of the ‘Framework on Currency Swap Arrangement for SAARC Countries (2024–2027)’.
• The agreement was signed between RBI and the Maldives Monetary Authority (MMA) during the state visit of Mohamed Muizzu to New Delhi in October 2024.
• Earlier, the Maldives repaid a USD 400 million swap facility (October 2024) under the USD/Euro Swap Window, highlighting its commitment to financial obligations.
• Since the launch of the SAARC Swap Framework in 2012, RBI has extended aggregate support of over USD 1.1 billion to the Maldives.
• The currency swap facility plays a crucial role in maintaining financial stability and supporting the Maldives’ balance of payments
• The initiative aligns with India’s Neighbourhood First policy and Vision MAHASAGAR, strengthening regional cooperation and economic resilience.

About Maldives :

• President : Mohamed Muizzu
• Capital : Malé
• Currency : Maldivian rufiyaa

About SAARC :

• Establishment : 8 December 1985
• Headquarters : Kathmandu, Nepal
• Secretary-General : Golam Sarwar
• Chairmanship of SAARC : Bangladesh
• The SAARC is an intergovernmental organization comprising eight sovereign states with full membership: Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, and Sri Lanka.
• It also includes nine non-member observers: Australia, China, the European Union, Iran, Japan, Mauritius, Myanmar, South Korea, and the United States.

Reserve Bank of India Relaxes Forex Norms, Permits Related-Party Hedging Within USD 100 Million Exposure Cap

• The Reserve Bank of India (RBI) withdrew some restrictions on forex dealers in offshore Non-Deliverable Forward (NDF) markets to manage rupee volatility.
• On 27 March 2026, RBI imposed an initial restriction by capping banks’ net open positions in offshore derivatives at USD 100 million.
• On 1 April 2026, RBI further tightened norms by banning arbitrage trades and prohibiting banks from offering NDFs to corporate clients.
• These measures were aimed at curbing one-sided positioning in the Indian Rupee and reducing speculative flows in the foreign exchange market.
• The overall objective was to ensure currency stability, prevent excessive volatility, and maintain orderly functioning of forex markets.

 CURRENT AFFAIRS: NATIONAL AND STATE NEWS

India Launches Toll-Free Helpline 1855 for Census 2027

• India launched a nationwide toll-free helpline (1855) to simplify the Census 2027 process and enhance citizen participation.
• The helpline has been introduced by the Office of the Registrar General and Census Commissioner of India and is operational across all States and Union Territories with multilingual support.
• It will provide guidance on House Listing and Housing Census, assist citizens in understanding procedures, and help ensure accurate data submission.
• The initiative promotes inclusive and citizen-centric governance by reducing confusion, especially in rural areas, and improving transparency in the census process.
• Census 2027 will mark a digital transformation, with enumerators using smartphone-based applications, enabling real-time monitoring, faster processing, and improved accuracy.
• A self-enumeration portal has been introduced for the first time, allowing citizens to submit their data independently.
• The census will be conducted in two phases:
• Phase I (April–September 2026): House Listing and Housing Census covering housing conditions, amenities, and assets, along with a 15-day self-enumeration window.
• Phase II (February 2027): Population Enumeration covering demographics, education, migration, and fertility details.

RECENT NEWS

• Union Home Minister Amit Shah soft launched digital tools and unveiled the mascots. This mascots named are ‘Pragati’ and ‘Vikas’ for Census 2027 in New Delhi. The upcoming census will be the world’s largest census exercise and will be conducted in two phases across India. 

CURRENT AFFAIRS : INTERNATIONAL NEWS

Union Minister of State Jitin Prasada Undertakes Official Visit to Czech Republic (April 22–23, 2026)

• Jitin Prasada, Union Minister of State (MoS) in the Ministry of Commerce and Industry, undertook a two-day official visit to the Czech Republic from April 22–23, 2026.
• The visit was undertaken at the invitation of the Government of the Czech Republic to enhance bilateral trade, investment, and industrial cooperation.
• Jitin Prasada co-chaired the 13th India–Czech Republic Joint Commission for Economic Cooperation (JCEC) with Czech counterpart Jan Sechter in Prague.
• During the meeting, both sides signed the protocol of the 13th India–Czechia JCEC, marking progress in economic collaboration.
• The leaders also jointly inaugurated the India–Czech Business Forum in Prague to promote trade and investment opportunities.
• The forum aimed to strengthen Business-to-Business (B2B) linkages between Indian and Czech companies.

About Czech Republic :

• President : Petr Pavel
• Prime Minister : Andrej Babiš
• Capital : Prague
• Currency : Czech koruna

CURRENT AFFAIRS: AWARSD AND HONOURS

Guntur Municipal Corporation Wins Gender Equality Mobilization Award 2026 in Vienna for Women-Led Waste Management Initiative

• Guntur Municipal Corporation won the Gender Equality Mobilization Award 2026 in Vienna, Austria for deploying over 200 women as electric auto drivers for door-to-door waste collection.
• The award was conferred by the United Nations Industrial Development Organization during the International Day of Women in Industry 2026 celebrations.
• The initiative promotes:
• Use of clean energy through electric vehicles
• Efficient waste management systems
• Women empowerment through sustainable livelihood opportunities
• Under the initiative:
• More than 200 women were trained and employed
• Electric autos are used for door-to-door garbage collection
• The model reduces carbon emissions and improves urban sanitation
• The recognition highlights:
• Innovative and inclusive urban governance
• Integration of gender equality with environmental sustainability
• A replicable model for other cities
• The award was received by officials of Guntur Municipal Corporation in the presence of dignitaries including Tarja Halonen.
• The Gender Equality Mobilization Award recognises institutions promoting women’s participation in industrial and urban sectors, supporting broader Sustainable Development Goals.
• The initiative strengthens India’s commitment to gender equality, clean energy adoption, and sustainable urban development.

CURRENT AFFAIRS: MOUS AND AGREEMENT

DataKaveri Systems and ONESTRUCTION Inc. Sign Memorandum of Understanding for Artificial Intelligence-Based Urban Data Integration

• DataKaveri Systems, the commercial arm of Indian Institute of Science  (IISc), Bengaluru, signed a Memorandum of Understanding (MoU) with ONESTRUCTION Inc..
• The MoU aims to integrate construction data into Artificial Intelligence (AI)-ready urban data exchange systems across India and Japan.
• The agreement was signed on the sidelines of the Japan-India Artificial Intelligence Strategic Dialogue held in Mumbai.
• The dialogue was co-chaired by Amit A. Shukla, Joint Secretary (Cyber Diplomacy), Ministry of External Affairs (MEA), and Hanada Takahiro, Deputy Assistant Minister for Cyber Security, Ministry of Foreign Affairs, Japan.
• Under the MoU, both organisations will connect ONESTRUCTION’s openIBM platform with Intelligent Universal Data Exchange (IUDX) developed by DataKaveri.
• The Intelligent Universal Data Exchange (IUDX) platform is already operational across 55 smart cities in India, enabling large-scale urban data sharing.
• The collaboration aims to ensure secure integration of construction data such as floor plans, utility layouts, and asset histories into city-level Artificial Intelligence applications.
• Future plans include joint exploration of Artificial Intelligence use cases using integrated construction and urban datasets, along with pursuing bilateral funding opportunities.

BharatGen Technology Foundation Signs Memorandum of Understanding with Larsen and Toubro Entities to Develop Sovereign Artificial Intelligence Compute Platform

• BharatGen Technology Foundation signed a five-year Memorandum of Understanding with Larsen and Toubro group entities:
• Larsen and Toubro Semiconductor Technologies Limited
• L&T-Vyoma
  to develop an end-to-end Sovereign Artificial Intelligence compute platform for India.
• The agreement was signed in the presence of Ajay Kumar Sood, Principal Scientific Advisor to the Government of India.
• The initiative has been approved under the India Artificial Intelligence Mission of the Digital India Corporation under the Ministry of Electronics and Information Technology.
• Roles and responsibilities:
• Larsen and Toubro Semiconductor Technologies Limited will design Application-Specific Integrated Circuits and Processing Unit platforms optimised for Artificial Intelligence workloads, focusing on high performance, energy efficiency, and scalability.
• L&T-Vyoma will provide Artificial Intelligence and Machine Learning ready hyperscale data centre infrastructure, including a 30 megawatt facility in Kanchipuram, Tamil Nadu for large-scale computing.
• BharatGen Technology Foundation will develop Large Language Models, Large Multimodal Models, and Small Language Models tailored for multilingual and India-specific applications.
• The BharatGen initiative aims to bring together leading institutions to build generative Artificial Intelligence solutions aligned with India’s diverse and strategic requirements, strengthening technological self-reliance.

CURRENT AFFAIRS : DEFENCE NEWS

Defence Research and Development Organisation Unveils Advanced Armoured Platforms (Tracked and Wheeled) Developed by Vehicles Research & Development Establishment in Ahilyanagar, Maharashtra

• Defence Research and Development Organisation (DRDO) unveiled Advanced Armoured Platforms (Tracked and Wheeled) on April 25, 2026, at its laboratory in Ahilyanagar,Maharashtra .
• The platforms were unveiled by Samir V Kamat, Secretary, Department of Defence (R&D) and Chairman of DRDO.
• The platforms have been designed and developed by Vehicles Research & Development Establishment (VRDE) to meet emerging operational requirements of Defence Forces.
• Both platforms are equipped with an indigenously developed 30 mm crewless turret, enhancing mobility, firepower, and protection capabilities.
• They feature a high-power engine with automatic transmission, offering high power-to-weight ratio, higher speed, and superior obstacle negotiation capability.
• The platforms provide STANAG Level 4 & 5 protection with modular blast and ballistic protection.
• They are amphibious vehicles with hydro-jet systems, enabling efficient water obstacle crossing and operational flexibility.
• The 30 mm turret integrated with 62 mm PKT gun can also launch Anti-Tank Guided Missiles (ATGMs).
• The base design supports multi-role configuration, making the platforms adaptable for various combat scenarios.
• The indigenous content is about 65%, with plans to increase it to 90%, boosting self-reliance in defence manufacturing.
• The platforms are manufactured by Tata Advanced Systems Limited (TASL) and Bharat Forge Limited (BFL) with support from MSMEs, strengthening the defence industrial ecosystem.
• The programme was attended by senior DRDO scientists, Directors General (ACE & PC&SI), and industry representatives, highlighting strong industry–research collaboration.

About DRDO:

• Founded: 1958
• Headquarters: New Delhi, India
• Parent Ministry: Ministry of Defence, Government of India
• Chairman: Dr. Samir V. Kamat

Indian Coast Guard Director General Paramesh Sivamani Inaugurates OTM Administrative Complex at District Headquarters No. 13, Puducherry

• Paramesh Sivamani, Director General of the Indian Coast Guard, inaugurated the state-of-the-art OTM Administrative Complex of Coast Guard District Headquarters No. 13 at Puducherry on 25 April 2026.
• The inauguration marks a significant milestone in strengthening India’s maritime security architecture along the eastern seaboard.
• The new facility reflects the vision of a “Modern Force, Modern Infrastructure”, aimed at enhancing operational efficiency and administrative capability.
• The complex houses an advanced Operations Centre and the Maritime Rescue Sub Centre, Puducherry, creating a unified command, control and coordination hub.
• The integrated setup will enable quick and effective response to maritime emergencies and challenges.
• Coast Guard District Headquarters No. 13 is responsible for Puducherry and Central Tamil Nadu, covering a maritime area of over 140 nautical miles.
• The Headquarters plays a key role in ensuring safety of life and property at sea, protecting the marine environment, and safeguarding India’s maritime interests.

About Ministry of Defence:

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

CURRENT AFFAIRS : APPOINTMENTS & RESIGNATIONS

National Association of Software and Service Companies Names Srikanth Velamakanni as Chairman for 2026–2027 Term

• NASSCOM (National Association of Software and Service Companies) appointed Srikanth Velamakanni as its new Chairman for the 2026–2027 term.
• He is the Co-Founder and Group Chief Executive of Fractal Analytics, an indigenous AI firm.
• He succeeds Sindhu Gangadharan, Managing Director of SAP Labs India, who completed her term in April 2026.
• The Vice Chairperson of NASSCOM Executive Council is Kishor Patil, who is the Co-founder, CEO & MD of KPIT Technologies.
• Velamakanni previously served as Vice Chairperson of NASSCOM and was an Executive Council member for over six years.

About National Association of Software and Service Companies :

• Formation : 1 March 1988
• President : Rajesh Nambiar
• Chairperson : Sindhu Gangadharan

Appointments Committee of the Cabinet Approves 3-Year Extension for Managing Directors & Chief Executive Officers of Bank of India, Bank of Baroda and Executive Director of Indian Bank

• The Appointments Committee of the Cabinet, chaired by Prime Minister Narendra Modi, approved three-year extensions for senior public sector bank
• Rajneesh Karnatak has been granted an extension as Managing Director (MD) & Chief Executive Officer (CEO) of Bank of India, with his tenure extended until 2029 (effective from April 29, 2026).
• Debadatta Chand has been extended as MD & CEO of Bank of Baroda, with tenure extended until 2029 (effective from July 1, 2026).
• Ashutosh Choudhary has been extended as Executive Director of Indian Bank until May 2, 2029.
• The Reserve Bank of India (RBI) also approved the re-appointment of PN Vasudevan as MD & CEO of Equitas Small Finance Bank for three years till 2029, effective from July 23, 2026.

CURRENT AFFAIRS : APPS & PORTALS

SMILE–Beggary Survey Mobile App Unveiled at Chintan Shivir in Chandigarh (24–26 April 2026)

• The Ministry of Social Justice & Empowerment (MoSJE), Government of India, launched the SMILE–Beggary Survey Mobile Application during the Chintan Shivir held in Chandigarh (24–26 April 2026).
• The application has been developed under the SMILE–Beggary Sub-Scheme (Comprehensive Rehabilitation of Persons Engaged in the Act of Begging).
• It aims to strengthen field-level implementation through real-time digital data collection, improved monitoring, and accurate reporting.
• The app enables implementing agencies and district authorities to capture survey data digitally, ensuring transparency, efficiency, and timely updates.
• The initiative addresses challenges such as delayed and inconsistent data reporting, enhancing real-time monitoring, data analytics, and performance tracking across cities.
• The launch aligns with the Government’s vision of achieving “Bhiksha Vritti Mukt Bharat” (Beggar-free India).
• It strengthens the overall monitoring framework of the scheme and promotes technology-driven governance solutions.
• The Ministry reaffirmed its commitment to rehabilitating and reintegrating identified individuals into mainstream society, enabling them to live with dignity and self-confidence.

About Ministry of Social Justice & Empowerment :

• Cabinet Minister : Virendra Kumar Khatik
• Minister of State : Ramdas Athawale, B. L. Verma

CURRENT AFFAIRS : SCIENCE & TECHNOLOGY

Blue Origin’s New Glenn Mission Fails to Reach Orbit, Leading to Deorbit of AST SpaceMobile Satellite

• Blue Origin, the space venture of Jeff Bezos, launched the AST SpaceMobile BlueBird 7 communications satellite aboard its New Glenn
• The launch took place from Cape Canaveral Space Force Station, USA, but the mission failed to achieve the intended orbit during its third flight.
• The mission’s objective was to expand space-based cellular connectivity.
• The failure occurred during the second-stage burn (GS2) when one of the BE-3U (Blue Engine 3 – Upper Stage) hydrogen-fueled engines did not generate sufficient thrust.
• As a result, the satellite was placed in an off-nominal orbit, making it unsuitable for its intended mission objectives.
• Investigations are underway to determine the cause and improve future mission reliability and performance.
• The New Glenn rocket, which made its debut in January 2025, became the first commercial rocket to reach orbit on its maiden flight.
• Its second mission in November 2025 carried satellites intended for a Mars-bound trajectory, demonstrating its multi-mission capability.

CURRENT AFFAIRS: SPORTS NEWS

Fédération Internationale de Football Association Selects India for Women’s Development Programme 2026

• Fédération Internationale de Football Association (FIFA) has selected India as one of 12 countries for its Women’s Development Programme (Commercial Strategy 2026).
• The selection follows a successful application and presentation by the All India Football Federation (AIFF).
• The programme aims to enhance commercial viability, sustainability, and professional structure of women’s football globally.
• Participating countries include: Germany, Netherlands, Sweden, Scotland, Canada, Mexico, Finland, Ghana, Jordan, Lithuania, Paraguay, and India.
• The programme will be conducted from May to October 2026 in online mode, involving stakeholders from India’s women’s football ecosystem.
• It will help prepare clubs, including those in the Indian Women’s League, for the upcoming club licensing system by the Asian Football Confederation (AFC).
• The initiative is expected to strengthen governance, improve financial models, and promote professionalism in women’s football in India.

RECENT NEWS

• The World Anti-Doping Agency (WADA) has postponed its decision on to a proposed rule that could ban government officials. This are including like Donald Trump and also attending major sporting events. The decision will now be taken after the 2026 FIFA World Cup in USA and jointly hosted by the Mexico and Canada.

About Fédération Internationale de Football Association.

• Founded: 21 May 1904.
• Founded at: Paris, France.
• Headquarters: Zurich, Switzerland.
• Current President: Gianni Infantino.
• Membership: 211 National Associations.

Virat Kohli Becomes First Player to Reach 800 Boundaries in Indian Premier League History

• Virat Kohli became the first batter in Indian Premier League history to reach the milestone of 800 boundaries.
• He achieved this feat while playing for Royal Challengers Bengaluru against Gujarat Titans at M. Chinnaswamy Stadium, Bengaluru.
• He continues to be one of the most consistent performers in the Indian Premier League and also holds the record for highest runs in the tournament’s history.
• In addition to this milestone, Virat Kohli also:
• Crossed 300 sixes in Indian Premier League
• Became the first player to hit 300 sixes for a single franchise (Royal Challengers Bengaluru)
• Became the third player overall to reach 300 sixes in Indian Premier League

Top Players with Most Boundaries in Indian Premier League History:

RECENT NEWS

• Indian cricket star Virat Kohli has once again etched his name into the record books. During a match winning innings against New Zealand, Kohli crossed a major milestone in international cricket.

CURRENT AFAFIRS: BOOKS AND AUTHOR

General Manoj Mukund Naravane Launches Book “The Curious and the Classified: Unearthing Military Myths and Mysteries”

• Manoj Mukund Naravane (Retd), former Chief of Army Staff (COAS) of the Indian Army, has launched his new book titled The Curious and the Classified: Unearthing Military Myths and Mysteries.
• The book is published by Rupa Publications.
• He served as the 28th Chief of Army Staff from December 2019 to April 2022.
• He is also the author of The Cantonment Conspiracy (2025).
• The book is a non-fiction work that explores military myths, traditions, and lesser-known stories of India’s armed forces.
• It highlights themes such as history, courage, culture, and the lived experiences of soldiers.
• The book traces the origins of the popular military cheer “Chak de Phatte” to the 17th–18th century Sikh Army traditions.
• It also explores the legend of Baba Harbhajan Singh, a revered figure in Indian military folklore.
• The work provides insight into the cultural and historical narratives that shape the ethos of the Indian Armed Forces.

CURRENT AFFAIRS : OBITUARIES

Oscar-Winning Production Designer Dean Tavoularis Passed away at 93

• Dean Tavoularis, an Oscar-winning production designer, passed away at the age of 93 in Paris, France.
• He was born on May 18, 1932, in Lowell, Massachusetts,United States of America (USA).
• He made his debut as Art Director with the film Bonnie and Clyde (1967).
• He is best known for his collaborations with Francis Ford Coppola on iconic films such as The Godfather, Apocalypse Now, and The Conversation.
• He won the Academy Award (Oscar) for Best Art Direction–Set Decoration for The Godfather Part II.
• He also received Oscar nominations for Apocalypse Now, Tucker: The Man and His Dream, The Godfather Part III, and The Brink’s Job.

CURRENT AFAFIRS: IMPORTANT DAYS

World Intellectual Property Day 2026 Observed on April 26

• World Intellectual Property Day is observed annually on April 26 to promote awareness about the role of intellectual property rights in innovation and creativity.
• Theme for 2026: “Intellectual Property and Sports: Ready, Set, Innovate”, highlighting the connection between sports, innovation, and intellectual property.
• The day recognises the role of youth in developing innovative solutions that support a sustainable future.
• It was launched in 2000 by the World Intellectual Property Organization (WIPO) to promote and protect creative works including music, art, trademarks, inventions, and writings.
• April 26 marks the establishment of the World Intellectual Property Organization Convention.
• Celebrated globally through panels, exhibitions, outreach programmes, and educational initiatives.
• Highlights the importance of intellectual property rights in economic growth, technological progress, and cultural development.

Daily CA One- Liner: April 26 & 27

• India launched a nationwide toll-free helpline (1855) to simplify the Census 2027 process and enhance citizen participation.
• Guntur Municipal Corporation won the Gender Equality Mobilization Award 2026 in Vienna, Austria for deploying over 200 women as electric auto drivers for door-to-door waste collection
• DataKaveri Systems, the commercial arm of Indian Institute of Science (IISc), Bengaluru, signed a Memorandum of Understanding (MoU) with ONESTRUCTION Inc.
• BharatGen Technology Foundation signed a five-year Memorandum of Understanding with Larsen and Toubro group entities:
  • Larsen and Toubro Semiconductor Technologies Limited
  • L&T-Vyoma
    to develop an end-to-end Sovereign Artificial Intelligence compute platform for India
• Fédération Internationale de Football Association (FIFA) has selected India as one of 12 countries for its Women’s Development Programme (Commercial Strategy 2026).
• Virat Kohli became the first batter in Indian Premier League history to reach the milestone of 800 boundaries
• Manoj Mukund Naravane (Retd), former Chief of Army Staff (COAS) of the Indian Army, has launched his new book titled The Curious and the Classified: Unearthing Military Myths and Mysteries
• World Intellectual Property Day is observed annually on April 26 to promote awareness about the role of intellectual property rights in innovation and creativity
• The Reserve Bank of India (RBI) cancelled the banking licence of Paytm Payments Bank Limited (PPBL) with effect from April 24, 2026, citing serious regulatory violations.
• Union Minister for Finance & Corporate Affairs, Nirmala Sitharaman delivered the keynote address at the 38th Foundation Day of the Securities and Exchange Board of India (SEBI) in Mumbai.
• The Reserve Bank of India (RBI) imposed a ₹80,000 penalty on Ebix Payment Services for failing to ensure proper risk categorisation of customers, a key compliance requirement.
• Jio Financial Services Limited (JFSL) signed a binding agreement to form a 50:50 Joint Venture (JV) with Allianz Europe B.V., a wholly-owned subsidiary of Allianz, for general insurance and health insurance business in India.
• The Government of India approved a ₹30 billion currency swap facility for the Maldives under the South Asian Association for Regional Cooperation (SAARC) Currency Swap Framework, reinforcing India’s role as a key financial partner.
• The Reserve Bank of India (RBI) withdrew some restrictions on forex dealers in offshore Non-Deliverable Forward (NDF) markets to manage rupee volatility.
• Jitin Prasada, Union Minister of State (MoS) in the Ministry of Commerce and Industry, undertook a two-day official visit to the Czech Republic from April 22–23, 2026.
• Defence Research and Development Organisation (DRDO) unveiled Advanced Armoured Platforms (Tracked and Wheeled) on April 25, 2026, at its laboratory in Ahilyanagar,Maharashtra .
• Paramesh Sivamani, Director General of the Indian Coast Guard, inaugurated the state-of-the-art OTM Administrative Complex of Coast Guard District Headquarters No. 13 at Puducherry on 25 April 2026.
• NASSCOM (National Association of Software and Service Companies) appointed Srikanth Velamakanni as its new Chairman for the 2026–2027 term.
• The Appointments Committee of the Cabinet, chaired by Prime Minister Narendra Modi, approved three-year extensions for senior public sector bank
• The Ministry of Social Justice & Empowerment (MoSJE), Government of India, launched the SMILE–Beggary Survey Mobile Application during the Chintan Shivir held in Chandigarh (24–26 April 2026).
• Blue Origin, the space venture of Jeff Bezos, launched the AST SpaceMobile BlueBird 7 communications satellite aboard its New Glenn
• Dean Tavoularis, an Oscar-winning production designer, passed away at the age of 93 in Paris, France.