The Reserve Bank of India unveiled its medium-term strategic plan ‘Utkarsh 2029’, outlining priorities for financial stability, innovation, and regulatory strengthening.
Additionally, RBI proposed revisions to its framework for identifying Upper Layer NBFCs under the Scale-Based Regulation system to enhance supervisory effectiveness.
Paytm introduced biometric authentication features for UPI payments and cardless ATM withdrawals, enhancing transaction security.
India’s non-life insurance sector recorded around 20% growth in gross premium collection in FY26, reflecting expanding market penetration.
While exports rose significantly during FY 2025–26, imports grew at a faster pace, resulting in an increased trade deficit.
M. Nagaraju launched new mobile applications for Life Insurance Corporation of India, aimed at improving customer service and agent efficiency.
The Department of Telecommunications and SEBI signed an agreement to address telecom-related frauds in financial transactions.
The International Monetary Fund published its World Economic Outlook highlighting global economic challenges amid geopolitical tensions.
The Financial Intelligence Unit India entered into agreements with both Pension Fund Regulatory and Development Authority and SEBI to strengthen efforts against money laundering.
SEBI also eased norms related to the Social Stock Exchange to facilitate fundraising for non-profit organisations.
Bajaj Allianz Life Insurance launched a new index-based fund linked to the Nifty 500 Low Volatility 50 index.
India’s wholesale inflation surged sharply in March 2026, reaching a multi-year high, indicating rising price pressures.
Shriram Finance Limited received in-principle approval from RBI to begin Primary Dealer operations through its subsidiary.
China emerged as India’s largest trading partner in FY26, with bilateral trade crossing USD 150 billion.
The Union Cabinet approved the creation of the Bharat Maritime Insurance Pool to support the shipping sector, along with an increase in Dearness Allowance for government employees and pensioners.
The Andhra Pradesh Capital Region Development Authority secured significant funding for the development of Amaravati as a planned capital city.
Ajay Banga announced the launch of ‘Water Forward’, a global initiative aimed at improving water security for one billion people by 2030.
The Directorate General of Foreign Trade updated the list of authorised banks permitted to handle gold and silver imports.
National Bank for Agriculture and Rural Development conducted a survey assessing rural economic conditions and sentiment trends.
The World Bank approved a loan of USD 225 million for highway modernisation in Rajasthan.
Finally, the RBI issued updated guidelines to streamline the exchange of currency notes and coins across the country.
Current Affairs: National and State News
- The Ministry of Civil Aviation has approved the establishment of two new airports in Warangal and Adilabad in Telangana, aimed at improving regional air connectivity and boosting economic development.
- Union Minister Jitendra Singh announced that the Anusandhan National Research Foundation is developing an AI-based platform called SARAL AI. The initiative seeks to simplify complex research and patents into easily understandable content in multiple Indian languages.
- The Government of India launched Startup India Fund of
Month: Current Affairs - April 27, 2026
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