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CURRENT AFFAIRS : BANKING, FINANCE & BUSINESS

One MobiKwik Systems Limited Secures Non-Banking Financial Company Approval from Reserve Bank of India

• The Reserve Bank of India (RBI) has approved the Non-Banking Financial Company (NBFC) application of One MobiKwik Systems Limited, enabling it to enter the regulated lending business.
• The approval allows the company to set up its wholly owned subsidiary, MobiKwik Financial Services Private Limited (MFSPL) as a dedicated lending arm, subject to receiving the Certificate of Registration (CoR) from RBI.
• This move will help MobiKwik evolve into a full-stack financial services platform, expanding beyond payments into direct lending and credit services.
• The NBFC arm will enable regulated lending operations, offering both secured and unsecured loan products, along with faster product rollout and improved underwriting and risk management.
• The company’s strategy focuses on consumers and Micro, Small and Medium Enterprises (MSMEs), particularly in Tier 2 and Tier 3 cities, to boost financial inclusion and credit accessibility.
• Key products to be offered include personal loans, merchant loans, Buy Now Pay Later (BNPL) credit, and MSME working capital loans, strengthening its digital lending portfolio.
• The NBFC licence requires compliance with regulatory norms such as incorporation under the Companies Act, 2013, maintaining a minimum Net Owned Fund (NOF) of ₹10 crore, and mandatory RBI registration by 31 March 2027.
• The NBFC operations will commence only after obtaining the Certificate of Registration (CoR) and fulfilling all regulatory conditions set by RBI.

Securities and Exchange Board of India Proposes New Framework for Stockbrokers’ Net Worth to Strengthen Capital Adequacy and Investor Protection

• The Securities and Exchange Board of India (SEBI) has proposed a new framework for calculating net worth requirements of stockbrokers, aimed at strengthening capital adequacy norms and investor protection.
• The existing method of calculating net worth based on 10% of average client cash balances has become outdated due to the upstreaming mechanism, where client funds are transferred to clearing corporations.
• The revised framework aims to better align capital requirements with operational risks and enhance investor safety and market stability.
• SEBI stated that net worth acts as a “second line of defence” after margin requirements, helping to absorb risks not covered by margin systems.
• Under the proposed system, variable net worth will be calculated as the aggregate of three components, making the framework more risk-sensitive and structured.
• These components include 10% of the average credit balance of clients over the last six months, a slab-based requirement linked to active direct clients, and an additional requirement based on clients onboarded through Authorised Persons (APs).
• The proposal is based on recommendations from a working group comprising the National Stock Exchange of India (NSE), Bombay Stock Exchange (BSE), and broker associations, ensuring industry-wide consultation.
• The framework is designed to strengthen risk management in the brokerage ecosystem, improve regulatory compliance, and ensure greater protection for retail investors in the securities market.

Recent News :

• In April 2026, The Securities and Exchange Board of India (SEBI) amended the Alternative Investment Fund (AIF) regulations to promote social impact investing in India.

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.

Reserve Bank of India Imposes ₹41.8 Lakh Penalty on Bandhan Bank for Know Your Customer and Regulatory Non-Compliance

• The Reserve Bank of India (RBI) imposed a penalty of ₹41.8 lakh on Bandhan Bank for regulatory violations and compliance deficiencies.
• The bank was found to have failed in periodic risk categorisation review of customer accounts and also in sanctioning loans to directors, violating norms under the Banking Regulation Act and KYC guidelines.
• RBI clarified that the penalty is for regulatory non-compliance only and does not impact the validity or operations of customer transactions, ensuring continued customer protection and banking stability.
• Separately, RBI imposed a penalty of ₹80,000 on Muthoot Housing Finance Company Limited (MHFCL) for violations of Fair Practice Code
• MHFCL failed to clearly disclose risk grading and rationale for differential interest rates to borrowers, leading to a breach of transparency and disclosure guidelines.

About Bandhan Bank :

• Founded : 23 August 2015
• Headquarters : Kolkata, West Bengal, India
• MD & CEO : Partha Pratim Sengupta

HSBC Downgrades India Equity Outlook to “Underweight” Citing Inflation and Weak Domestic Demand Concerns

• HSBC has downgraded India’s equity market rating from “neutral” to “underweight”, citing concerns over rising inflation, elevated energy prices, and weakening domestic demand.
• The downgrade reflects expectations of pressure on corporate earnings growth, as macroeconomic headwinds and global uncertainties continue to intensify.
• HSBC has flagged that the projected ~16% earnings growth for 2026 is likely to be revised downward, due to inflationary pressures and slowing economic activity.
• Rising inflation is expected to impact the financial sector, increasing the risk of non-performing loans (NPAs) as borrowers face tighter financial conditions.
• The brokerage warned that a renewed rise in inflation, especially due to fuel price adjustments after state elections, could further weaken consumption demand and stress the financial system.
• Despite strong domestic inflows through Systematic Investment Plans (SIPs), HSBC noted that foreign investment demand must recover for revival in IPO activity and broader market momentum.
• HSBC, however, identified selective investment opportunities in India, particularly in private sector banks, base metals, and healthcare sectors, despite overall market headwinds.
• In its global outlook, HSBC upgraded South Korea from “underweight” to “neutral”, calling it a “compelling growth story”, while maintaining a cautious stance on India’s equity market.

India’s Agriculture Exports Rise 2.8% to $52.55 Billion in 2025–26 Amid Global Economic Uncertainties

• India’s agriculture exports recorded a growth of 2.8%, reaching $52.55 billion in 2025–26, up from $51.12 billion in 2024–25, despite global economic uncertainties.
• The increase in exports reflects a balanced contribution from traditional agricultural products and high-value emerging export segments, strengthening India’s agri-export portfolio.
• The growth was driven by product diversification across multiple agricultural categories, improving global competitiveness and market reach.
• Agri and allied products continued to remain the backbone of India’s export basket, contributing significantly to overall performance.
• Marine products and plantation crops also registered strong performance due to high global demand and improved value realization, boosting export earnings.

CURRENT AFFAIRS: NATIONAL AND STATE NEWS

Uttar Pradesh Introduces 10-Year Warranty Model for Rural Water Schemes under Jal Jeevan Mission

• Chief Minister of Uttar Pradesh Yogi Adityanath announced a 10-year warranty model for rural water schemes under the Jal Jeevan Mission to ensure long-term sustainability and accountability.
• With this initiative, Uttar Pradesh has become the first state to mandate long-term accountability under the Jal Jeevan Mission.
• Under the Jal Arpan initiative, ownership of village water infrastructure is transferred to Gram Panchayats, while construction agencies are responsible for operation and maintenance for 10 years.
• The state has implemented over 33,000 solar-powered water schemes, reducing maintenance costs by around 52 per cent and improving efficiency and sustainability.
• Water quality monitoring has been strengthened through 75 district laboratories, one state-level facility, mobile National Accreditation Board for Testing and Calibration Laboratories-accredited laboratories, and in-house plant laboratories.
• A Citizen Charter has been introduced to ensure standards in water quantity, quality, and service delivery.

RECENT NEWS

• Honorable Minister of Environment Bhupender Yadav have announced the inclusion of Shekha Jheel Bird Sanctuary in Uttar Pradesh as the country’s 99th Ramsar site on April 22nd 2026. It is located in Aligarh and this recognition highlights the India’s growing commitment to protect the wetlands and biodiversity. 

About Uttar Pradesh:

• Chief Minister: Yogi Adityanath
• Governor: Anandiben Patel
• Capital: Lucknow
• National Parks: Dudhwa National Park
• Wildlife Sanctuaries: Katarniaghat Wildlife Sanctuary, Kaimoor Wildlife Sanctuary, Nawabganj Bird Sanctuary (Shahid Chandra Shekhar Azad Bird Sanctuary), Hastinapur Wildlife Sanctuary, Sur Sarovar Bird Sanctuary, Chandraprabha Wildlife Sanctuary, Mahavir Swami Wildlife Sanctuary, Ranipur Wildlife

Union Minister Manohar Lal Khattar Releases Report on Effective City Government by National Institution for Transforming India

• Union Minister of Housing and Urban Affairs Manohar Lal Khattar released the report titled “Moving Towards Effective City Government – A Framework for Million-Plus Cities” prepared by the National Institution for Transforming India (NITI Aayog) at the India Habitat Centre, New Delhi in April 2026.
• The report highlights the importance of urbanisation in achieving Viksit Bharat by 2047 and building a United States Dollar 30 trillion economy.
• The report is based on extensive deliberations, rigorous analysis, and review of global best practices conducted in consultation with experts.
• It identifies key governance challenges such as weak and fragmented leadership structures, constrained fiscal capacity, and institutional capacity gaps affecting service delivery and urban performance.
• The report emphasizes strengthening institutional structures along with sectoral reforms.
• It positions million-plus cities as key engines of national economic growth.

RECENT NEWS

• India started to preparing the massive economic transformation as the NITI Aayog has introduced the new two-phase strategy for the Digital Public Infrastructure (DPI). This new DPI phase will aims to turn the country into the $30 trillion economy by the year 2047. 

Agricultural and Processed Food Products Export Development Authority to Set Up ₹15 Crore Basmati and Organic Training Centre in Pilibhit

• Agricultural and Processed Food Products Export Development Authority (APEDA) will establish a ₹15 crore training centre in Pilibhit district, Uttar Pradesh to promote basmati cultivation, organic farming, and agricultural exports.
• Around 7 acres of land have been transferred for the project in Tanda Bijesi village.
• The project will focus on farmer training in basmati cultivation, seed production, organic farming, and export practices, along with the use of modern technologies such as Artificial Intelligence-based crop mapping.
• The centre will be developed with support from the Public Works Department and is expected to be completed within one year.
• Key facilities include advanced training infrastructure, demonstration farms, seed production unit, auditorium for workshops and seminars, museum showcasing 45 notified basmati varieties, and a National Accreditation Board for Testing and Calibration Laboratories-accredited laboratory.
• The laboratory will conduct Deoxyribonucleic Acid profiling of basmati rice, pesticide residue analysis, and heavy metal detection.
• The project will integrate Artificial Intelligence-based satellite surveys to map cultivation areas, identify basmati varieties, and generate accurate export data, improving transparency, traceability, and efficiency.
• The centre is being developed under the Basmati Export Development Foundation initiative.
• It will benefit farmers in Uttar Pradesh and neighbouring regions such as Uttarakhand and Delhi.
• The initiative aims to train over 50,000 farmers by 2025–26, with focus on high-value crops, export readiness, and promotion of organic farming practices.
• Agricultural and Processed Food Products Export Development Authority plays a key role in promoting agricultural exports, ensuring quality standards, and supporting farmers through infrastructure and training.

About APEDA

• Founded: 13 February 1986
• Headquarters: New Delhi, India
• Parent department: Department of Commerce

India Announces Three-Year Waiver on Intellectual Property Registration Fees for Sports Sector

• Union Minister of Commerce and Industry Piyush Goyal announced a three-year waiver on intellectual property registration fees for the sports sector during World Intellectual Property Day celebrations in New Delhi.
• The waiver applies to Trademarks, Copyrights, Patents, Designs, Geographical Indications, and Traditional Knowledge related to sports.
• The initiative aims to support startups, athletes, students, and innovators by removing financial barriers in securing intellectual property rights.
• The Government will provide facilitation support to simplify the registration process, especially for first-time applicants.
• The move aligns with the vision of “Innovate, Patent, Produce, Prosper”, focusing on converting ideas into economic assets.
• The Geographical Indication-tagged Kashmir willow cricket bat was highlighted as a symbol of India’s traditional craftsmanship, heritage, and export potential.
• The Government plans to develop sports manufacturing clusters in Jammu and Kashmir and Meerut in Uttar Pradesh to boost domestic production and strengthen supply chains.
• These clusters are expected to generate employment, reduce import dependence, and promote manufacturing of sports goods such as bats, balls, hockey equipment, gym tools, and training gear.
• The Viksit Bharat Digital Matrix 2026 Hackathon has been launched in collaboration with the Indian Institute of Technology Delhi for a duration of six months.
• The Hackathon focuses on developing smart wearable technologies, improving fitness, health, and performance tracking, and promoting design and technology innovation.

CURRENT AFFAIRS : INTERNATIONAL NEWS

Nigeria Introduces Green Tax on High-Emission Vehicles to Promote Cleaner and Sustainable Mobility under 2026 Fiscal Reforms

• Nigeria has introduced a green tax surcharge on high-emission vehicles as part of its 2026 fiscal policy reforms, marking a shift towards cleaner and sustainable mobility.
• The policy was signed by Finance Minister Wale Edun on 1 April 2026 and will come into effect from 1 July 2026.
• The main objective is to discourage import of fuel-guzzling vehicles and promote electric vehicles (EVs), mass transit buses, and locally manufactured automobiles.
• The green tax structure applies to vehicles with engine capacity of 2,000 cc and above, with 2% surcharge for 2,000–3,999 cc vehicles and 4% surcharge for vehicles above 4,000 cc.
• Vehicles below 2,000 cc are fully exempt, along with EVs, mass transit buses, and locally produced vehicles, encouraging low-emission transport adoption.
• Nigeria has reduced import tariffs on fully built passenger vehicles from 70% to 40% under the ECOWAS Common External Tariff framework, while retaining a 20% base tariff with revised import adjustments.
• A 5% fuel surcharge on petrol and diesel has been effective from 1 January 2026, aimed at discouraging excessive fossil fuel consumption.
• The policy targets reduction of large SUVs, luxury vehicles, and heavy trucks, while promoting small and fuel-efficient vehicles.
• Around 90% of vehicles imported into Nigeria are second-hand “Tokunbo” vehicles, many of which are old and high-emission, contributing to urban pollution and fuel inefficiency.

About Nigeria :

• President : Bola Tinubu
• Capital : Abuja
• Currency : Naira

CURRENT AFFAIRS : APPOINTMENTS & RESIGNATIONS

Noida International Airport Appoints Nitu Sarma as Interim Chief Executive Officer bFollowing Bureau of Civil Aviation Security Directives

• Noida International Airport has appointed Nitu Sarma as its interim Chief Executive Officer (CEO) following directions from the Bureau of Civil Aviation Security (BCAS).
• The leadership change was implemented as per the rule that the CEO of any airport in India must be an Indian national, ensuring compliance with aviation security regulations.
• Nitu Sarma, who has been serving as the Chief Financial Officer (CFO) since October 2021, has assumed charge as interim CEO with immediate effect.
• She will lead the airport until the Board of Directors completes the selection process for a permanent CEO, ensuring continuity in airport operations and governance.
• The restructuring follows the exit of Christoph Schnellmann, a Swiss national, who has served as CEO of Noida International Airport since August 2020.
• Christoph Schnellmann will now join the airport’s Board of Directors as Executive Vice Chairman, continuing his role in strategic planning and airport expansion.

Reserve Bank of India Clears Reappointment of B. Ramesh Babu as Managing Director & Chief Executive Officer of Karur Vysya Bank

• The Reserve Bank of India (RBI) approved the re-appointment of B. Ramesh Babu as Managing Director (MD) and Chief Executive Officer (CEO) of Karur Vysya Bank (KVB).
• His third term of two years will be effective from 29 July 2026 to 28 July 2028, ensuring continuity in leadership and strategic direction.
• B. Ramesh Babu has been leading KVB since 2020, succeeding P. R. Seshadri, and has played a key role in business growth and transformation.
• He has extensive experience in the banking sector, with a focus on retail banking expansion, MSME (Micro, Small and Medium Enterprises) lending, and prudent risk management practices.
• Prior to joining KVB, he served as Deputy Managing Director (DMD) and Chief Operating Officer (COO) at the State Bank of India (SBI).
• He holds important positions such as Member of the Managing Committee and Alternate Chairman of the Corporate Credit Committee at Indian Banks Association, and is also a Director at Indian Institute of Banking and Finance.
• Under his leadership, KVB achieved rapid growth, taking 104 years to reach its first ₹1 trillion business, while the second ₹1 trillion was achieved in just 4 years, reflecting accelerated expansion and operational efficiency.

About Karur Vysya Bank:

• Founded: 1916
• Headquarters: Karur, Tamil Nadu, India
• Tagline: "Smart Way to Bank"

Delhi Metro Rail Corporation Appoints Sanjay Jamuar as First Chief Executive Officer of Delhi Metro International Limited

• The Delhi Metro Rail Corporation (DMRC) has appointed Sanjay Jamuar as the first Chief Executive Officer (CEO) of Delhi Metro International Limited (DMIL), marking a key step in global expansion of India’s metro expertise.
• Delhi Metro International Limited (DMIL) has been established with the support of the Government of India to undertake metro projects and Operation & Maintenance (O&M) assignments in India (outside Delhi) and abroad, strengthening India’s urban transport global presence.
• DMIL has the mandate to provide advisory services to metro authorities and financial institutions, helping in planning, development, and long-term strategy formulation for metro and transit systems.
• The new entity will leverage the technical expertise and operational experience of DMRC, which has supported multiple metro projects across India and abroad.
• Sanjay Jamuar is a former officer of the Indian Railway Traffic Service (IRTS) with extensive experience across Indian Railways, DMRC, and international transport systems in the UK, USA, France, Middle East, and Europe.
• He previously joined DMRC in 1998 as the first O&M employee, making his appointment a “homecoming” in his professional journey.
• DMRC is already involved in major projects such as consultancy for Dhaka Metro (Bangladesh) and O&M contracts for Chennai, Mumbai, and Patna Metro systems, along with construction roles in Mumbai, Jaipur, and Patna metro projects.

Visa Appoints Suresh Sethi as Group Country Manager for India and South Asia

• Visa, a global leader in digital payments, has appointed Suresh Sethi as Group Country Manager for India, Bangladesh and South Asia, marking a key leadership change in its South Asia operations.
• In this role, Suresh Sethi will oversee Visa’s strategy and operations across India, Bangladesh, Sri Lanka, Nepal, Maldives and Bhutan, strengthening the company’s regional digital payments ecosystem.
• He succeeds Sandeep Ghosh, who is leaving Visa to pursue other professional opportunities, ensuring a smooth leadership transition.
• Based in Mumbai, Suresh Sethi will report to Stephen Karpin, Regional President for Asia Pacific at Visa, aligning South Asia operations with broader Asia-Pacific strategy.
• Prior to this appointment, he served as the Founder and CEO of India Post Payments Bank (IPPB), where he built one of the world’s largest financial inclusion models using the India Post network for doorstep banking services.
• He recently served as Managing Director and CEO of Protean e-Gov Technologies Limited, where he transformed it into a product-led Digital Public Infrastructure (DPI)
• Earlier, he held leadership roles at Vodafone M-Pesa India, YES Bank (Group President), and Citigroup, managing transaction banking and payments across global markets.
• His career spans multiple regions including India, Africa, Latin America, the United States, and the United Kingdom, reflecting extensive experience in global financial systems and digital payments innovation.

CURRENT AFFAIRS : DEFENCE NEWS

Border Roads Organisation Project DANTAK Celebrates 66th Raising Day in Bhutan

• Border Roads Organisation Project DANTAK celebrated its 66th Raising Day on 24 April 2026 in Thimphu, marking 65 years of service since its establishment in 1961, highlighting strong India–Bhutan infrastructure cooperation.
• The project symbolises the enduring India–Bhutan partnership, contributing significantly to Bhutan’s infrastructure development and socio-economic growth.

Key Highlights :

• Project DANTAK has played a key role in building major infrastructure including Paro International Airport, Yongphula Airport, bridges, hydropower projects, schools, hospitals, and communication networks.
• It has constructed over 1,500 km of roads, including the strategically important East–West Highway connecting Trashigang to Thimphu, strengthening national connectivity in Bhutan.
• The project also developed the Phuentsholing–Thimphu Highway, significantly improving transport efficiency and regional connectivity.
• In recent years, DANTAK has focused on modernisation and capacity enhancement, including double-laning of key road sections such as Confluence–Haa (Phase I inaugurated on 1 August 2025).
• It has also upgraded the 168-km Samdrup Jongkhar–Trashigang highway, improving travel time, safety, and logistics efficiency.
• The project has shown strong disaster resilience, restoring connectivity rapidly during landslides and road washouts, ensuring emergency mobility in Bhutan.
• Ongoing works include infrastructure development in regions such as Nganglam–Dewathang, Samrang–Jomotsangkha, Khotakpa–Tshobaley, and Damchu–Chhukha axis, strengthening regional development corridors.
• Additional projects include bridge construction and alternate alignments such as Panbang–Nganglam and Dewathang–Samdrupcholing, aligning with Bhutan’s development priorities and environmental sustainability goals.
• The celebrations included inter-school quiz competitions, felicitation of personnel, and tribute to martyrs, reflecting both professional excellence and community engagement.
• The project continues to align with the broader vision of India’s leadership, following the visit of Prime Minister Narendra Modi to Bhutan on 11 November 2025, reinforcing bilateral cooperation and friendship.

About Border Roads Organisation :

• Formation : 7 May 1960
• Headquarters : New Delhi
• Director General : Lt. Gen. Raghu Srinivasan

CURRENT AFFAIRS : SCIENCE & TECHNOLOGY

Union Minister Jitendra Singh Lays Foundation Stone of ₹75 Crore State-of-the-Art Seven-Storey Building at Indian Institute of Astrophysics, Bengaluru with 1 Lakh sq ft Built-Up Area

• Union Minister Jitendra Singh (MoS Independent Charge) laid the foundation stone of a ₹75 crore state-of-the-art additional building at the Indian Institute of Astrophysics (IIA), Bengaluru, aimed at strengthening India’s advanced astronomy and space science capabilities.

Key Highlights :

• The new infrastructure will be a seven-storied building with a built-up area of nearly one lakh square feet, designed to develop the institute into a major scientific hub for astronomy research and instrumentation.
• The project is expected to significantly enhance India’s indigenous space technologies, many of which are currently being used in Indian Space Research Organisation (ISRO) and international space missions, highlighting its global scientific relevance.
• The foundation ceremony was attended by Somanath (Chairman, Governing Council), Annapurni Subramanian, senior scientists, faculty members, and officials from Department of Science and Technology (DST) and Central Public Works Department (CPWD).
• The project includes the development of modern laboratories, classrooms, office spaces, and a conference facility, and is expected to be completed within two years.
• The new building will be named “M.K.V. Bappu Bhavana” in honour of Manali Kallat Vainu Bappu, the founding Director of IIA, recognising his contribution to Indian astronomy.
• Jitendra Singh highlighted that Indian Institute of Astrophysics has a rich legacy dating back to the Madras Observatory, with a strong historical foundation in astronomical research.
• He noted that IIA operates major observatories at Kodaikanal, Kavalur, Gauribidanur, and Hanle, supporting both solar and night-time astronomy research.
• The institute has contributed to key space missions such as the UltraViolet Imaging Telescope (UVIT) onboard AstroSat and the Aditya-L1 solar mission, strengthening India’s space science ecosystem.
• The government has announced major future projects including the National Large Solar Telescope, National Large Optical-Infrared Telescope, Himalayan Chandra Telescope upgrade, and COSMOS-2 Planetarium, to be implemented by IIA.
• The Minister stressed the importance of scientific outreach, youth engagement, and digital platforms to connect advanced research with young students and the public.
• He also highlighted initiatives such as the Research, Development and Innovation (RDI) Fund and the National Research Foundation (NRF), aimed at strengthening India’s research and innovation ecosystem.

Jordan Becomes 63rd Signatory to Artemis Accords in April 2026, Joining Global Peaceful Space Exploration Initiative

• Jordan became the 63rd signatory to the Artemis Accords in April 2026, marking its entry into global peaceful space exploration
• The Artemis Accords, launched in 2020, are a non-binding set of principles aimed at guiding civil space exploration and international cooperation.
• The accords are co-led by National Aeronautics and Space Administration (NASA) and the S. Department of State, along with founding nations such as Australia, Canada, Japan, UAE, and the UK, and also include India as a signatory.
• The framework aims to establish a common governance system for the peaceful and sustainable use of outer space, including the Moon, Mars, and deep space missions.
• The accords are based on the Outer Space Treaty (1967), promoting a rules-based international order in space activities.
• Jordan’s signing ceremony was hosted at NASA Headquarters in Washington, where the agreement was signed by Dina Kawar, in the presence of senior officials including Ruth Perry.
• The Artemis Accords promote key principles such as transparency, data sharing, mutual assistance, and preservation of historic space sites, strengthening global space governance.
• Jordan’s participation reflects its growing space ambitions, including the launch of its first satellite JY1 in 2018, a student-built CubeSat launched via SpaceX Falcon 9
• The Jordan Space Research Initiative has also conducted analogue missions in Wadi Rum, simulating human spaceflight conditions through the PETRA1 and PETRA2

About Jordan :

• Prime Minister : Jafar Hassan
• Capital : Amman
• Currency : Jordanian dinar

Indian Institute of Tropical Meteorology, Pune, under Ministry of Earth Sciences, commissions Doppler Weather Radar under Mission Mausam to build a Weather-Ready India

• The Indian Institute of Tropical Meteorology (IITM), Pune,Maharashtra under the Ministry of Earth Sciences (MoES), commissioned an X-Band Dual-Polarization Doppler Weather Radar (DWR) at the High Altitude Cloud Physics Laboratory (HACPL) in Mahabaleshwar under Mission Mausam, aimed at transforming India into a Weather-Ready Nation.
• The radar was inaugurated by Ravichandran in the presence of A. Suryachandra Rao and Somya S. Sarkar, along with senior scientists from IITM and Indian Space Research Organisation (ISRO).

Key Highlights :

• The radar is strategically installed at an altitude of around 1,400 metres in the Western Ghats, functioning as a “weather eye in the sky” for real-time monitoring of rainfall, clouds, and storm systems.
• It will help study orographic rainfall, monsoon dynamics, and deep convective processes, especially in regions with complex terrain and rapidly changing weather conditions.
• The system enhances nowcasting (up to 3 hours) for Satara, Pune, Konkan region, and Mumbai, improving short-term weather prediction and disaster preparedness.
• The radar operates at 45 GHz frequency using solid-state power amplifier technology, ensuring high reliability, low maintenance, and energy-efficient operations.
• Its dual-polarization and high-resolution capabilities enable detailed analysis of cloud microphysics, precipitation structure, drop size distribution, and storm behaviour, improving quantitative precipitation estimation and hydrometeor classification.
• A Memorandum of Understanding (MoU) was signed between IITM and the Space Applications Centre (SAC) of ISRO to develop advanced satellite-based meteorological products.
• The collaboration focuses on integration of satellite and ground-based observations, data validation, improved prediction accuracy, and research on deep convection, lightning, and climate change impacts, along with capacity building in satellite meteorology.
• The system will support scientific research on rainfall processes, vertical storm structure, and extreme weather events, enhancing weather science understanding.
• Operationally, it strengthens early warning systems for floods and landslides, aviation safety, disaster management, agricultural advisories, and water resource planning, improving impact-based forecasting and climate resilience.

CURRENT AFFAIRS: MOUS AND AGREEMENT

India and Kenya Sign Customs Cooperation Memorandum of Understanding at 10th Joint Trade Committee Meeting

• India and Kenya strengthened economic ties by signing a Customs Cooperation Memorandum of Understanding during the 10th India–Kenya Joint Trade Committee meeting held in Nairobi, Kenya, after a gap of seven years at the Commerce Secretary level.
• The meeting was co-chaired by Secretary of Ministry of Commerce and Industry Rajesh Agrawal and Principal Secretary for Trade of Kenya Regina Akoth Ombam.
• The agreement on exchange of pre-arrival information for goods was signed between Member of Central Board of Indirect Taxes and Customs Yogendra Garg and Commissioner General of Kenya Revenue Authority Lilian Nyawanda.
• The Memorandum of Understanding aims to enhance customs cooperation, faster cargo clearance, improved risk management, and smoother bilateral trade.
• Both countries have strong trade relations in sectors such as pharmaceuticals, agriculture, digital infrastructure, financial technology, energy, renewable energy, and manufacturing.

CURRENT AFFAIRS: SPORTS NEWS

International Shooting Sport Federation to Take Over Shooting Para Sport Governance from International Paralympic Committee

• The International Shooting Sport Federation (ISSF) and the International Paralympic Committee (IPC) signed an agreement to transfer the governance and operations of Shooting Para Sport to the International Shooting Sport Federation.
• Currently, the sport is governed by World Shooting Para Sport under the International Paralympic Committee.
• The objective is to establish unified governance for Olympic and Paralympic shooting, harmonise rules and standards, and enhance visibility and development opportunities for Para athletes.
• The transfer will take effect only after ratification by member federations at the General Assembly scheduled for late 2026.
• If approved, the new structure will be implemented from early 2027, followed by a two-year integration period until 2028.
• The transition aims to ensure a smooth shift without disruption to competitions and preparations for the Los Angeles 2028 Paralympic Games in the United States of America.

Punjab Football Club Retains All India Football Federation Elite Youth League 2025–26 Title

• Punjab Football Club Defeated Zinc Football Academy by 3–0 to retain the All-India Football Federation (AIFF) Elite Youth League 2025–26 title, highlighting youth dominance.
• After a goalless first half, Punjab Football Club scored three goals within 10 minutes in the second half to secure the championship.
• Karish Soram scored in the 69th minute with a left-footed curler from a free kick.
• Captain Vishal Yadav doubled the lead in the 70th minute.
• Thongram Rishikanta Singh added the third goal in the 79th minute, sealing the win.
• Punjab Football Club dominated possession in the first half, with attempts from Vishal Yadav and Sameer saved by goalkeeper Smarnik Thapa, and a header by Satnam Singh saved in the 30th minute.
• The free kick goal by Karish Soram marked the turning point of the match.
• The victory reflects strong grassroots training, technical and tactical development, and consistent performance.
• Winning back-to-back titles establishes Punjab Football Club as a benchmark in youth football development in India.

India Secures Four Gold Medals at Commonwealth Youth and Junior Weightlifting Championships

• Indian weightlifters delivered an outstanding performance at the Commonwealth Youth and Junior Weightlifting Championships in Apia, Samoa, winning four gold medals across categories.
• The event was held alongside the Universal Cup Senior competition, where Indian athletes showcased strength, precision, and consistency, indicating growing dominance in international weightlifting.
• Sunil Singh (Men’s 65 kilogram) won gold with a total lift of 271 kilogram including Snatch: 126 kilogram and Clean and Jerk: 145 kilogram.
• Aisangfa Gogoi (Women’s 58 kilogram) secured gold with a total lift of 185 kilogram including Snatch: 79 kilogram and Clean and Jerk: 106 kilogram.
• Abhinob Gogoi (Men’s 71 kilogram) clinched gold with a total lift of 284 kilogram including Snatch: 129 kilogram and Clean and Jerk: 155 kilogram.
• Charu Pesi (Universal Cup Senior – Men’s 65 kilogram) won gold with a total lift of 289 kilogram, including Snatch: 127 kilogram and Clean and Jerk: 162 kilogram, the highest among Indian participants.
• Snatch is a single continuous lift of the barbell overhead, while Clean and Jerk is a two-step lift from shoulders to overhead, with the combined total determining the winner.
• The performance reflects strong grassroots training programmes, improved coaching, scientific support, and increasing international participation.

CURRENT AFFAIRS : OBITUARIES

Muni Narayana Prasad, Renowned Spiritual Leader and Padma Shri Awardee, Passed Away

• Renowned spiritual leader Muni Narayana Prasad, head of Narayana Gurukulam, passed away at the age of 87 in Thiruvananthapuram.

About Muni Narayana Prasad :

• Muni Narayana Prasad was born on 9 December 1938 in Thiruvananthapuram, Kerala, and became a prominent figure in spiritual philosophy and education.
• He joined Narayana Gurukulam in 1958 and received spiritual initiation from Nitya Chaitanya Yati in the mid-1980s, shaping his spiritual journey.
• He became the President (Head) of Narayana Gurukulam in 1999, succeeding Nataraja Guru and Nitya Chaitanya Yati, thus becoming the third leader of the institution.
• He authored around 130 books in Malayalam and English, focusing on Vedanta, philosophy, and religion, including detailed commentaries on the Upanishads and Bhagavad Gita.
• He actively participated in global spiritual dialogues, including a world religious leaders’ meet in Moscow in 1987, enhancing international engagement.
• He also served as the Head of Gita Ashram in Fiji from 1989 to 1991, contributing to the spread of Indian philosophy abroad.

Awards & Honors :

• He was honoured with the Padma Shri in 2024, India’s fourth-highest civilian award, in the field of Literature & Education.
• He received the Kerala Sahitya Akademi Award twice (2015 and 2018) for his significant contribution to literature and philosophical writings.

Shiv Ratan Agarwal, promoter, chairman, and whole-time director of Bikaji Foods International, passed away

• Shiv Ratan Agarwal, promoter, chairman, and whole-time director of Bikaji Foods International, passed away at the age of 74.
• He is widely recognised for transforming Bikaji from a regional snacks brand of Bikaner into a leading Indian FMCG company with global presence, especially in the ethnic snacks segment.
• Agarwal was the grandson of the founder of Haldiram’s family business lineage, belonging to one of India’s most prominent traditional snacks business families.
• Under his leadership, Bikaji became the world’s largest producer of Bikaneri bhujia, with an annual output of over 35,000 tonnes, strengthening India’s position in global food exports.
• The company expanded its export footprint to international markets including the United Arab Emirates (UAE) and Australia, boosting India’s FMCG export sector.
• Bikaji grew to become the third-largest ethnic snacks company in India, reflecting strong growth in the organised snacks industry.
• Bikaji now operates with a professional executive board and six manufacturing facilities across India, indicating strong industrial expansion and operational scale.
• The board continues to follow his vision of “Aslee Parampara”, focusing on innovation, tradition, and growth in the organised snacks market.

CURRENT AFFAIRS: IMPORTANT DAYS

Ayushman Bharat Diwas Observed on April 30

• Ayushman Bharat Diwas is observed annually on April 30 in India to promote the objectives of the Ayushman Bharat Yojana.
• The scheme was launched in 2018 by Prime Minister Narendra Modi to provide healthcare benefits to economically vulnerable sections of the population.
• The day focuses on ensuring access to affordable and quality medical services for people who cannot afford treatment.
• It reflects the commitment of the Government of India towards universal health coverage and social welfare.
• Various schemes and initiatives are implemented to support economic and social development in the healthcare sector.
• The initiative aligns with the Sustainable Development Goals under the United Nations, particularly the goal of universal health coverage with the principle of “leave no one behind”.

Daily CA One- Liner: April 30

• Chief Minister of Uttar Pradesh Yogi Adityanath announced a 10-year warranty model for rural water schemes under the Jal Jeevan Mission to ensure long-term sustainability and accountability
• Union Minister of Housing and Urban Affairs Manohar Lal Khattar released the report titled “Moving Towards Effective City Government – A Framework for Million-Plus Cities” prepared by the National Institution for Transforming India (NITI Aayog) at the India Habitat Centre, New Delhi in April 2026
• Agricultural and Processed Food Products Export Development Authority (APEDA) will establish a ₹15 crore training centre in Pilibhit district, Uttar Pradesh to promote basmati cultivation, organic farming, and agricultural exports
• Union Minister of Commerce and Industry Piyush Goyal announced a three-year waiver on intellectual property registration fees for the sports sector during World Intellectual Property Day celebrations in New Delhi.
• India and Kenya strengthened economic ties by signing a Customs Cooperation Memorandum of Understanding during the 10th India–Kenya Joint Trade Committee meeting held in Nairobi, Kenya, after a gap of seven years at the Commerce Secretary level
• The International Shooting Sport Federation (ISSF) and the International Paralympic Committee (IPC) signed an agreement to transfer the governance and operations of Shooting Para Sport to the International Shooting Sport Federation
• Punjab Football Club Defeated Zinc Football Academy by 3–0 to retain the All-India Football Federation (AIFF) Elite Youth League 2025–26 title, highlighting youth dominance
• Indian weightlifters delivered an outstanding performance at the Commonwealth Youth and Junior Weightlifting Championships in Apia, Samoa, winning four gold medals across categories.
• The Reserve Bank of India (RBI) has approved the Non-Banking Financial Company (NBFC) application of One MobiKwik Systems Limited, enabling it to enter the regulated lending business.
• The Securities and Exchange Board of India (SEBI) has proposed a new framework for calculating net worth requirements of stockbrokers, aimed at strengthening capital adequacy norms and investor protection.
• The Reserve Bank of India (RBI) imposed a penalty of ₹41.8 lakh on Bandhan Bank for regulatory violations and compliance deficiencies.
• HSBC has downgraded India’s equity market rating from “neutral” to “underweight”, citing concerns over rising inflation, elevated energy prices, and weakening domestic demand.
• India’s agriculture exports recorded a growth of 2.8%, reaching $52.55 billion in 2025–26, up from $51.12 billion in 2024–25, despite global economic uncertainties.
• Nigeria has introduced a green tax surcharge on high-emission vehicles as part of its 2026 fiscal policy reforms, marking a shift towards cleaner and sustainable mobility.
• Noida International Airport has appointed Nitu Sarma as its interim Chief Executive Officer (CEO) following directions from the Bureau of Civil Aviation Security (BCAS).
• The Reserve Bank of India (RBI) approved the re-appointment of Ramesh Babu as Managing Director (MD) and Chief Executive Officer (CEO) of Karur Vysya Bank (KVB).
• The Delhi Metro Rail Corporation (DMRC) has appointed Sanjay Jamuar as the first Chief Executive Officer (CEO) of Delhi Metro International Limited (DMIL), marking a key step in global expansion of India’s metro expertise.
• Visa, a global leader in digital payments, has appointed Suresh Sethi as Group Country Manager for India, Bangladesh and South Asia, marking a key leadership change in its South Asia operations.
• Border Roads Organisation Project DANTAK celebrated its 66th Raising Day on 24 April 2026 in Thimphu, marking 65 years of service since its establishment in 1961, highlighting strong India–Bhutan infrastructure cooperation.
• Union Minister Jitendra Singh (MoS Independent Charge) laid the foundation stone of a ₹75 crore state-of-the-art additional building at the Indian Institute of Astrophysics (IIA), Bengaluru, aimed at strengthening India’s advanced astronomy and space science capabilities.
• Jordan became the 63rd signatory to the Artemis Accords in April 2026, marking its entry into global peaceful space exploration
• The Indian Institute of Tropical Meteorology (IITM), Pune,Maharashtra under the Ministry of Earth Sciences (MoES), commissioned an X-Band Dual-Polarization Doppler Weather Radar (DWR) at the High Altitude Cloud Physics Laboratory (HACPL) in Mahabaleshwar under Mission Mausam, aimed at transforming India into a Weather-Ready Nation.
• Renowned spiritual leader Muni Narayana Prasad, head of Narayana Gurukulam, passed away at the age of 87 in Thiruvananthapuram.
• Shiv Ratan Agarwal, promoter, chairman, and whole-time director of Bikaji Foods International, passed away at the age of 74.
• Ayushman Bharat Diwas is observed annually on April 30 in India to promote the objectives of the Ayushman Bharat Yojana.