🎯 Your trusted destination for exam-ready current affairs for UPSC, CGPSC, SSC, Banking, Railways & all State Government Exams. Read. Revise. Crack Your Exam!
🔷 Coal Ministry Allows Insurance Surety Bonds as Alternative to Bank Guarantees
The Ministry of Coal has recognised Insurance Surety Bonds (ISBs) as a valid alternative to Bank Guarantees (BGs) for bid and performance security in coal sector projects.
Key Facts:
ISBs act as a risk transfer mechanism
Protects projects from financial losses if contractors fail to meet contractual obligations
Follows amendments to General Financial Rules (GFR) 2017 by the Ministry of Finance
Promotes flexible and efficient financial instruments in public procurement
Reduces burden on contractors who previously needed to block capital in bank guarantees
💡 Exam Tip:
Insurance Surety Bond = A three-party agreement between Contractor + Project Owner + Insurance Company
General Financial Rules (GFR) 2017 governs financial management in Government of India
This is aligned with Ease of Doing Business and Atmanirbhar Bharat initiatives
Important for UPSC GS3 (Economy), SSC CGL, and Banking exams
🔷 Amul Becomes First FMCG Company to Cross ₹1 Lakh Crore Turnover
Amul scripted history by becoming the first FMCG company in India to cross a turnover of ₹1 lakh crore in FY 2025–26, recording approximately 11% growth.
Saraswat Bank = First Urban Cooperative Bank to cross ₹1 lakh crore business
Extremely important for UPSC, SSC CGL, IBPS exams
🔷 FIU-IND and I4C Sign MoU to Strengthen Fight Against Cyber and Financial Crimes
Financial Intelligence Unit – India (FIU-IND) and the Indian Cyber Crime Coordination Centre (I4C) signed an MoU to strengthen cooperation in tackling cyber frauds and financial crimes.
Key Facts:
FIU-IND will share: Data on suspicious financial transactions
I4C will provide: Inputs on cybercrime trends and digital fraud patterns
Aims to create a unified approach against financial + cyber crime nexus
About the Organisations:
Organisation
Full Form
Under
FIU-IND
Financial Intelligence Unit – India
Ministry of Finance
I4C
Indian Cyber Crime Coordination Centre
Ministry of Home Affairs
💡 Exam Tip:
FIU-IND works under Ministry of Finance — deals with money laundering and suspicious transactions
I4C works under Ministry of Home Affairs — coordinates cybercrime response
Cyber Dost and Cybercrime.gov.in are I4C initiatives
Important for UPSC GS3 (Internal Security), SSC, and Banking exams
🔷 Indian Army Launches ‘Operation Him Setu’ to Rescue Stranded Tourists in North Sikkim
The Indian Army’s Trishakti Corps launched ‘Operation Him Setu’ to evacuate tourists stranded in Lachen, North Sikkim after landslides disrupted road connectivity.
Key Facts:
Launched by: Trishakti Corps, Indian Army
Location: Lachen, North Sikkim
Cause: Landslides due to heavy snowfall and harsh weather
Actions taken:
Opened critical passes and alternate routes
Coordinated with Border Roads Organisation (BRO)
Roads cleared and connectivity restored
Tourists evacuated so far: 135 tourists
About Sikkim:
Detail
Information
Capital
Gangtok
CM
PS Golay (Prem Singh Tamang)
Governor
Om Prakash Mathur
💡 Exam Tip:
Him Setu = Hindi for “Himalayan Bridge” — perfectly named rescue operation
BRO = Border Roads Organisation — works under Ministry of Defence
Trishakti Corps is responsible for North and North-East India region
Indian Army humanitarian operations are important for UPSC GS3 and NDA/CDS exams
🔷 VP C.P. Radhakrishnan Releases First-Ever Sindhi Version of Constitution in Devanagari Script
Vice President C.P. Radhakrishnan released the Sindhi version of the Constitution of India in Devanagari script in New Delhi — marking its first-ever release since Independence.
Key Facts:
Released by: Vice President C.P. Radhakrishnan
Script used: Devanagari script
Occasion: Sindhi Bhasha Diwas
Significance: First-ever Sindhi Constitution release since Independence
VP highlighted Sindhi as one of the oldest and most melodious languages
Aims to make the Constitution accessible in diverse languages
💡 Exam Tip:
Sindhi is listed in the 8th Schedule of the Indian Constitution
8th Schedule currently has 22 languages
Sindhi was added to 8th Schedule by the 21st Constitutional Amendment Act, 1967
Devanagari is also the script for Hindi, Marathi, Sanskrit, Nepali
Current VP of India = C.P. Radhakrishnan (also ex-officio Chairman of Rajya Sabha)
Important for UPSC, SSC CGL, and all State PCS exams
🏦 Banking & Financial News
🔷 DBS Bank India Launches ‘DBS Aspire’ Programme
DBS Bank India launched the ‘DBS Aspire’ banking programme along with a dedicated Aspire Debit Card.
Key Facts:
Target audience: Emerging affluent and well-travelled customers
Offers: Premium banking benefits and services
DBS Bank = Development Bank of Singapore
DBS Bank India HQ: Mumbai
Recent Launches in Banking & Insurance Sector (Quick Reference):
Initiative
Organisation
PhonePe–SBI Co-branded Credit Card
PhonePe + SBI
Verified App Label
SEBI
Gruh Sugam Portal
NHB (National Housing Bank)
UPI-Based Cardless Cash Withdrawal
Jio Payments Bank
DBS Aspire Programme
DBS Bank India
💡 Exam Tip:DBS Bank = Development Bank of Singapore. HQ = Singapore. Important for IBPS, SBI, RBI exams. NHB = National Housing Bank — subsidiary of RBI.
🔷 PNB Partners with GeM to Provide Collateral-Free Loans via GeM Sahay Portal
Punjab National Bank (PNB) signed an MoU with Government e-Marketplace (GeM) to enhance financial access for sellers, especially MSMEs.
Key Facts:
Sellers can avail quick, collateral-free short-term loans via the GeM Sahay Portal
Developed by: NPCI (National Payments Corporation of India)
Decade of Growth — UPI Journey:
Parameter
2016 (Launch)
2026 (Now)
Growth
Transaction Volume
1.78 crore
21,898 crore
~12,000x increase
Transaction Value
₹6,952 crore
₹285 lakh crore
~4,000x increase
💡 Exam Tip:
UPI launched in April 2016
Developed by NPCI (National Payments Corporation of India)
NPCI established in 2008 — promoted by RBI + Indian Banks Association (IBA)
UPI operates on IMPS infrastructure
India is the largest real-time payments market globally (UPI driven)
UPI now available in countries like UAE, Singapore, France, UK, Nepal, Bhutan
This is one of the most important fintech topics for IBPS, SBI, RBI, UPSC exams
👤 Appointments News
🔷 Satyanarayana Raju Appointed MD & CEO of IDPIC
Satyanarayana Raju has been appointed as the Managing Director & CEO of the Indian Digital Payment Intelligence Corporation (IDPIC), Mumbai.
Key Facts:
Previously served as MD & CEO of Canara Bank
About IDPIC:
Full Name: Indian Digital Payment Intelligence Corporation
India’s central platform for detecting, preventing, and analysing digital payment fraud in real time
Incorporated as a Section 8 company under the Companies Act, 2013
Uses: AI, Machine Learning (ML), and Big Data Analytics
Strengthens the digital payments ecosystem security
💡 Exam Tip:
Section 8 Company = Non-profit company under Companies Act 2013
IDPIC = AI-powered fraud detection for digital payments
Canara Bank HQ = Bengaluru | Founded = 1906
Important for RBI Grade B, IBPS PO, and Banking exams
🔷 Rajive Kumaraswami Appointed MD Designate of Chola MS
Rajive Kumaraswami has been appointed as Managing Director Designate of Cholamandalam MS General Insurance (Chola MS).
Key Facts:
Will take over as MD & CEO from June 1, 2026
Succeeding: V. Suryanarayanan
Chola MS = Cholamandalam MS General Insurance
🔷 Vibhor Jain Appointed MD & CEO of ONDC
Vibhor Jain has been appointed as the MD & CEO of Open Network for Digital Commerce (ONDC).
Key Facts:
Previously served as COO (Chief Operating Officer) at ONDC
Succeeded former CEO: Thampy Koshy
About ONDC:
Detail
Information
Full Name
Open Network for Digital Commerce
Purpose
Democratise digital commerce in India
Type
Non-profit Section 8 company
Promoted by
Department for Promotion of Industry and Internal Trade (DPIIT)
💡 Exam Tip:
ONDC = Open Network for Digital Commerce — promoted by DPIIT
Aims to break monopoly of large e-commerce platforms
MD & CEO = Vibhor Jain (new)
Important for Digital Economy questions in UPSC GS3 and Banking exams
Recent Appointments in Banking & Insurance (Quick Reference):
Person
Position
Satyanarayana Raju
MD & CEO, IDPIC
Rajive Kumaraswami
MD Designate, Chola MS
Vibhor Jain
MD & CEO, ONDC
Jose Joseph Kattoor
Non-Executive Chairman, South Indian Bank
Kompella Venkata Ramana Murty
Whole-Time Member, SEBI
Vinay Muralidhar Tonse
MD & CEO, Yes Bank
Parthanil Ghosh
MD & CEO, HDFC ERGO General Insurance
Hitesh Rameshchandra Joshi
CMD, General Insurance Corporation of India
🚀 Science & Technology News
🔷 Meta Launches ‘Muse Spark’ AI Model to Boost Superintelligence Ambitions
Meta Platforms launched ‘Muse Spark’ — a new AI model aimed at strengthening its position in the global artificial intelligence race.
Key Facts:
Developed by: Meta’s specialised AI team
Part of Meta’s broader superintelligence strategy
Goal: Build systems with potential to surpass human-level reasoning
Reflects Meta’s increasing focus on high-end AI investments
Global AI Race — Key Players:
Company
AI Model/Product
Meta
Muse Spark, LLaMA
OpenAI
ChatGPT, GPT-4o
Google
Gemini
Microsoft
Copilot (powered by OpenAI)
Anthropic
Claude
xAI (Elon Musk)
Grok
💡 Exam Tip:
Meta = Parent company of Facebook, Instagram, WhatsApp
CEO of Meta = Mark Zuckerberg
Superintelligence = AI that surpasses human intelligence in all domains
AI developments are increasingly important for UPSC GS3, SSC, and Banking exams
🕯️ Obituary News
🔷 Former India Cricketer C.D. Gopinath Passes Away
C.D. Gopinath, former India cricketer, passed away and was the last surviving member of India’s first-ever Test victory against England in 1952.
Key Facts:
Member of India’s historic first Test win against England (1952)
Also part of the Madras team that won the Ranji Trophy in 1954–55
Significant figure in early Indian cricket history
💡 Exam Tip: India’s first Test match was played in 1932 against England. India’s first Test victory against England was in 1952. Important for Cricket History GK in SSC & Banking exams.
🔷 Veteran Congress Leader Abu Hasem Khan Chowdhury ‘Dalu Babu’ Passes Away at 88
Abu Hasem Khan Chowdhury, popularly known as ‘Dalu Babu’, passed away at the age of 88 in Kolkata, West Bengal.
Key Facts:
Served as MLA from Kaliyachok (1996–2006)
Later served as MP from Malda Dakshin constituency
Held position of Union Minister of State for Health and Family Welfare during UPA government
Contributed significantly to public health policies
⚡ Quick Revision Table
Topic
Key Fact
Insurance Surety Bonds
Coal Ministry, Alternative to Bank Guarantees, GFR 2017
Amul ₹1 Lakh Crore
First FMCG, FY26, 11% growth, Anand Gujarat
Saraswat Bank
First Urban Cooperative Bank, ₹1 lakh crore business, Mumbai
FIU-IND + I4C MoU
Cyber + Financial Crime cooperation
Operation Him Setu
Indian Army, Trishakti Corps, Lachen North Sikkim, 135 tourists
Sindhi Constitution
VP C.P. Radhakrishnan, Devanagari Script, First ever, Sindhi Bhasha Diwas
DBS Aspire
DBS Bank India, Premium banking, Affluent customers
PNB + GeM MoU
Collateral-free loans, MSMEs, GeM Sahay Portal
UPI 10 Years
2016-2026, 12,000x volume growth, 4,000x value growth, NPCI
Satyanarayana Raju
MD & CEO, IDPIC, Ex-Canara Bank MD
Rajive Kumaraswami
MD Designate, Chola MS, from June 1 2026
Vibhor Jain
MD & CEO, ONDC, Ex-COO ONDC
Meta Muse Spark
New AI model, Superintelligence strategy, Mark Zuckerberg
C.D. Gopinath
Last survivor, India’s first Test win vs England 1952
Abu Hasem Khan Chowdhury
‘Dalu Babu’, Congress, MoS Health UPA, age 88, Kolkata
🎯 Practice MCQs — 14th April 2026
Q1. Amul became the first FMCG company in India to cross which turnover milestone in FY 2025–26?
(a) ₹50,000 Crore
(b) ₹75,000 Crore
(c) ₹90,000 Crore
(d) ₹1,00,000 Crore ✅
Q2. Indian Army’s ‘Operation Him Setu’ was launched to rescue stranded tourists in which state?
(a) Uttarakhand
(b) Himachal Pradesh
(c) Sikkim ✅
(d) Arunachal Pradesh
Q3. The Sindhi Version of the Constitution was released in which script?
(a) Perso-Arabic Script
(b) Gurmukhi Script
(c) Devanagari Script ✅
(d) Roman Script
Q4. UPI was launched in which year by NPCI?
(a) 2014
(b) 2015
(c) 2016 ✅
(d) 2017
Q5. Who has been appointed as MD & CEO of ONDC?
(a) Thampy Koshy
(b) Satyanarayana Raju
(c) Rajive Kumaraswami
(d) Vibhor Jain ✅
Q6. IDPIC uses which technologies for digital payment fraud detection?
(a) Blockchain + IoT
(b) AI + ML + Big Data Analytics ✅
(c) Cloud Computing + VR
(d) Quantum Computing + AR
Q7. Which bank became the first Urban Cooperative Bank to cross ₹1 lakh crore in total business?
(a) Cosmos Cooperative Bank
(b) Saraswat Cooperative Bank ✅
(c) Abhyudaya Cooperative Bank
(d) TJSB Sahakari Bank
Q8. Meta’s new AI model launched to boost its superintelligence ambitions is called?
(a) Meta AI Pro
(b) LLaMA Ultra
(c) Muse Spark ✅
(d) Meta GPT
Q9. C.D. Gopinath was the last surviving member of India’s first Test victory against England in which year?
(a) 1948
(b) 1950
(c) 1952 ✅
(d) 1954
Q10. FIU-IND works under which Ministry of India?
(a) Ministry of Home Affairs
(b) Ministry of Finance ✅
(c) Ministry of Law and Justice
(d) Ministry of Electronics and IT
📊 Answer Key
Q No.
Answer
Q1
(d) ₹1,00,000 Crore
Q2
(c) Sikkim
Q3
(c) Devanagari Script
Q4
(c) 2016
Q5
(d) Vibhor Jain
Q6
(b) AI + ML + Big Data Analytics
Q7
(b) Saraswat Cooperative Bank
Q8
(c) Muse Spark
Q9
(c) 1952
Q10
(b) Ministry of Finance
📢 Editor’s Note
✍️ By Ishan Verma | TheExamHub.in
“Small daily improvements over time lead to stunning results. Read current affairs every single day and watch your GK transform!”
Today’s edition was packed with landmark milestones — Amul’s ₹1 lakh crore journey, UPI’s incredible 10-year growth story, and India’s Army rescuing tourists in Sikkim. These are not just news stories — they are exam questions waiting to happen!
At TheExamHub.in, we make sure you never miss what matters. Bookmark this page, attempt the daily quiz, and share with your friends!
