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Current Affairs 8 April 2026 - Daily News for UPSC, SSC, Banking | Current Affairs Pulse
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8 April 2026
8 April 2026
41 articles
34 high importance
41 with quiz
All (41)
Science & Tech (4)
Defence (1)
Economy (20)
Miscellaneous (1)
International (7)
Polity & Governance (7)
Environment (1)
Science & Tech
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Indian Scientists Explore Pulsars for Deep Space Distance Measurement
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Pulsars are dense, rapidly spinning remnants of massive stars that emit highly regular beams of radio waves.
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Their extraordinarily fixed spinning rate makes them precise cosmic clocks.
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Indian scientists are exploring novel methods to utilize these precise timings for measuring distances in deep space.
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Defence
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US-Iran Ceasefire: Hormuz Reopening & Prolonged Global Jet Fuel Market Instability
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A temporary US-Iran ceasefire has led to the reopening of the Strait of Hormuz, a critical oil transit route.
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Despite crude oil flow resumption, global jet fuel markets are expected to remain unstable for months due to disrupted refining capacity in the Middle East.
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The International Air Transport Association (IATA) warns of continued high airfares and slow recovery for the aviation sector.
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Science & Tech
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India's Kalpakkam Fast Breeder Reactor achieves criticality, advancing nuclear energy program
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India's Prototype Fast Breeder Reactor (PFBR) at Kalpakkam, Chennai, has successfully achieved 'criticality'.
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Criticality signifies that the nuclear chain reaction within the reactor has become safely self-sustaining.
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This milestone marks a crucial advancement in the second stage of India's indigenous three-stage nuclear power program.
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Economy
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India Re-evaluates Energy Security Amidst Surging Data Centre Electricity Demand
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The Central Electricity Authority (CEA) is undertaking a significant re-evaluation of India's national electricity demand projections.
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This revision is primarily driven by the rapid and concentrated development of data centres across various states.
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Concerns exist that the high power consumption of these data centres could distort regional consumption patterns and strain the national power supply.
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Economy
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Oil Prices Drop as US, Iran Agree to Ceasefire and Hormuz Reopening
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Global oil benchmarks, Brent and WTI crude, plunged below $100 per barrel following recent geopolitical developments.
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The price drop was triggered by a two-week ceasefire agreement involving the US, Israel, and Iran.
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The agreement also includes a limited reopening of the strategically vital Strait of Hormuz.
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Economy
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RBI MPC maintains key policy rate at 5.25% amidst inflation and growth concerns
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The Reserve Bank of India's Monetary Policy Committee (MPC) decided to keep the key policy rate (Repo Rate) unchanged.
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The Repo Rate was maintained at 5.25% in its latest review.
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This decision aligns with market expectations, driven by prevailing inflation risks and a cautious outlook on economic growth.
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Economy
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RBI Governor: India's Economic Fundamentals Strong, Vigilance on External Developments Crucial
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The RBI Governor stated that India's economic fundamentals are currently stronger than during previous crisis periods.
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India's economy demonstrates greater resilience to withstand various external shocks compared to many other nations.
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Despite robust domestic conditions, continuous vigilance on global economic developments is essential.
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Economy
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RBI Unveils First Core Inflation Projection at 4.4% for FY27
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The Reserve Bank of India (RBI) has introduced its first-ever core inflation projection.
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The initial projection for core inflation is set at 4.4% for the fiscal year 2026-27 (FY27).
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This new measure aims to provide deeper insights into underlying price pressures in the economy.
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Economy
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IATA Warns of Sustained High Jet Fuel Prices, Impacting Global Aviation Recovery
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Global jet fuel prices are projected to remain elevated for several months, according to IATA.
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The International Air Transport Association (IATA) has warned of rising airfares and a slow recovery for the global aviation sector.
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This situation persists despite a reported ceasefire between Iran and the US and the reopening of the Strait of Hormuz, indicating lingering market impacts.
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Economy
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World Bank Lowers India's FY27 Growth Forecast to 6.6% Amid West Asia Conflict
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The World Bank has revised India's economic growth projection for Fiscal Year 2027 (FY27) downwards to 6.6%.
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This revised forecast is lower than the 6.9% projected by the Reserve Bank of India (RBI) and the Indian government's earlier estimate of 6.8-7.2%.
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The primary reason cited for this downward revision is the escalating geopolitical conflict in the West Asia region.
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Economy
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RBI maintains repo rate at 5.25%, projects higher FY26 growth amid global uncertainties
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The Reserve Bank of India's Monetary Policy Committee (MPC) unanimously decided to keep the benchmark repo rate unchanged at 5.25%.
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The MPC retained its 'neutral' monetary policy stance, indicating a balanced approach to inflation and growth.
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India's economic growth projection for Financial Year 2026 (FY26) was upgraded to 7.6%, despite acknowledging downside risks.
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Science & Tech
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India Prioritizes Fast Breeder Reactors for Enhanced Nuclear Fuel Efficiency
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India is strategically focusing on Fast Breeder Reactors (FBRs) to significantly improve nuclear fuel utilization.
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The majority of India's current nuclear fleet, Pressurised Heavy Water Reactors (PHWRs), are inefficient, utilizing only about 1% of their fuel.
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FBRs are designed to produce more fissile material than they consume, which is vital for India's long-term energy security.
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Science & Tech
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ISRO to Announce Launch Date for First Uncrewed Gaganyaan Mission Soon
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ISRO is set to announce the launch date for the first uncrewed test flight of its Gaganyaan mission.
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This mission aims to demonstrate critical end-to-end capabilities, including the aerodynamics of the human-rated launch vehicle.
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Key aspects to be tested include orbital module operations, as well as the re-entry and recovery procedures for the crew module.
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Miscellaneous
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Semaglutide Guidelines: Indian Experts Warn Global BMI Thresholds May Exclude High-Risk Patients
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Generic Semaglutide is becoming available in India, prompting discussions on its appropriate use.
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Medical experts are concerned that global Body Mass Index (BMI) thresholds for prescribing Semaglutide may not be suitable for the Indian population.
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Indians often develop obesity-related health complications, such as metabolic syndrome and Type 2 Diabetes, at lower BMI values compared to Western populations.
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Economy
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RBI MPC Maintains Policy Rate, Prioritizes Inflation Control Amid Global Risks
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The Reserve Bank of India's Monetary Policy Committee (MPC) decided to keep the policy repo rate unchanged at 5.25%.
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RBI Governor emphasized that headline inflation remains the primary target and managing it is the central bank's main goal.
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Concerns were raised regarding potential widening of India's Current Account Deficit (CAD) due to developments in West Asia.
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Economy
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Rupee strengthens as RBI pauses rates amid West Asia de-escalation
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The Indian Rupee appreciated by 47 paise against the US Dollar, closing at 92.59 per USD.
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The Reserve Bank of India's Monetary Policy Committee (MPC) unanimously decided to keep the benchmark repurchase (repo) rate unchanged at 5.25%.
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Factors contributing to the Rupee's strength included a de-escalation of geopolitical tensions in West Asia and the RBI's decision to pause policy rates.
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Economy
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Rupee Expected to Stabilize at 92-93 Amidst India's Economic Resilience: EAC-PM
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The Chairman of the Economic Advisory Council to the Prime Minister (EAC-PM) has projected the Indian Rupee to stabilize in the range of ₹92-93 against the US Dollar.
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This forecast is attributed to India's robust economic resilience and strong macroeconomic fundamentals.
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The ability to absorb external shocks is highlighted as a key factor contributing to this stability outlook.
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Economy
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RBI MPC Keeps Repo Rate Unchanged at 5.25%, Cites Geopolitical Risks for Outlook
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The Reserve Bank of India's Monetary Policy Committee (MPC) unanimously decided to keep the policy repo rate unchanged at 5.25%.
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The MPC maintained its 'withdrawal of accommodation' stance, signaling a continued focus on curbing inflation.
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The growth forecast for the current fiscal year was revised downwards to 6.9% from an earlier 7%.
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Economy
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Cabinet Approves Two Major Hydro-Electric Projects in Arunachal Pradesh
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The Union Cabinet has approved the construction of two significant hydro-electric projects in Arunachal Pradesh.
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The approved projects are the Kamala Hydro Electric Project and the Kalai-II Hydro-electric Project.
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The total financial outlay for these projects is estimated to exceed ₹40,000 crore.
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Economy
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Indian Stock Market Rallies 4% on Ceasefire Hopes and Falling Crude Prices
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Indian stock markets recorded their best single-day gains in five years, with Sensex and Nifty surging.
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The rally was primarily driven by emerging hopes for a ceasefire in ongoing geopolitical conflicts.
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A significant decline in global crude oil prices also contributed positively to investor sentiment.
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Economy
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Air India's Leadership Transition: Charting Future Growth Post-Privatization
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Air India is poised for a leadership transition following a period of significant restructuring and investment under its current CEO.
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The airline, now under Tata Group ownership, has undertaken massive fleet modernization and network expansion initiatives.
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The incoming CEO will be tasked with consolidating these foundational efforts and steering the airline towards sustained profitability and market leadership.
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Economy
Medium
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Indian Tech Sector Forecasts Diverging FY27 Recovery Amidst Geopolitical Headwinds
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Indian tech firms are projected to experience a diverging recovery by fiscal year 2027.
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Managed services are expected to drive growth, while the tech consulting segment may see inconsistent performance.
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Geopolitical factors, including US-China tensions and European economic slowdowns, are identified as key challenges.
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International
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Taiwan Opposition Leader Visits China Amidst Cross-Strait Tensions
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Kuomintang (KMT) chairwoman Cheng Li-wun is the first KMT leader to visit mainland China in a decade.
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The visit aims to foster dialogue and sow 'seeds of peace' amidst escalating cross-strait tensions.
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A key objective of the trip is a potential meeting with Chinese leader Xi Jinping.
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International
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Iran-Kuwait-UAE Tensions Escalate Over Oil Facilities in Persian Gulf
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Iran reportedly attacked Kuwait and the UAE following strikes on its own oil facilities, signaling escalating regional tensions.
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The Lavan refinery, located on a small Gulf island, is crucial for processing Iran's high-quality crude oil destined for export.
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This development highlights the volatile geopolitical landscape of the Persian Gulf, a critical region for global energy supply.
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International
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US VP Vance Criticizes European Leadership on Ukraine Conflict Resolution
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U.S. Vice President J.D. Vance stated that the Ukraine conflict has been the most challenging international issue to resolve.
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Vance expressed disappointment with European political leadership, suggesting a lack of interest in finding a resolution to the conflict.
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These comments highlight potential divergences in strategic approaches between the United States and some European nations regarding the ongoing war.
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International
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China Brokers Trilateral Talks Between Afghanistan and Pakistan to De-escalate Tensions
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China hosted informal trilateral meetings between representatives from Afghanistan and Pakistan in Urumqi, Xinjiang.
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The week-long discussions, held from April 1 to 7, aimed at addressing bilateral tensions between Afghanistan and Pakistan.
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Participants agreed to work towards avoiding further escalation in their bilateral relations, signaling a diplomatic push for regional stability.
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International
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U.S., Iran Agree to Two-Week Ceasefire; Talks in Islamabad, Strait of Hormuz Safe Passage
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The United States and Iran have agreed to a two-week ceasefire, with talks scheduled to begin in Islamabad on April 10.
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The agreement is based on Iran's 10-point proposal and includes provisions for safe passage through the Strait of Hormuz.
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Safe passage through the Strait of Hormuz will be coordinated with Iranian armed forces during the truce period.
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International
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European Leaders Advocate Ceasefire Extension to Lebanon Amidst Geopolitical Tensions
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European leaders, specifically Britain and France, have welcomed a recent ceasefire agreement.
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They are actively advocating for the inclusion of Lebanon in this ceasefire to ensure broader regional stability.
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The move comes after former US President Trump criticized European nations for not supporting a specific 'war'.
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Polity & Governance
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PM Modi and 71 Ministers Sworn In for Third Term; NDA Allies Get 11 Portfolios
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Prime Minister Narendra Modi commenced his third consecutive term in office.
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71 other members were sworn in as part of the Union Council of Ministers.
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The oath-taking ceremony took place on June 9 at the forecourt of Rashtrapati Bhavan.
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Polity & Governance
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India's Union Territories: Governance, Structure, and Constitutional Framework
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India's administrative structure includes 28 states and 8 Union Territories, reflecting its quasi-federal nature.
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States possess elected governments and significant autonomy in their administration.
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Union Territories are directly governed by the Central Government, ensuring closer integration and central control.
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Environment
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India Projected to Have 58 Tiger Reserves by 2026; Madhya Pradesh Leads
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India is projected to have 58 tiger reserves by April 2026, according to the article.
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These reserves are expected to collectively cover approximately 2.3% of the country's total land area.
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Madhya Pradesh is anticipated to lead all states with nine tiger reserves.
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Economy
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RBI Sets CDS Sale Limit; Understanding Credit Default Swaps and FPI Regulations
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The Reserve Bank of India (RBI) has maintained the existing limits for Foreign Portfolio Investment (FPI) in India.
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RBI has fixed the Credit Default Swap (CDS) sale limit at 5% of the outstanding corporate bonds for the financial year 2026-27.
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Credit Default Swaps (CDS) are financial derivatives designed to transfer or offset the credit risk associated with a debt instrument.
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RBI Proposes Revised Framework for Business Correspondents to Boost Financial Inclusion
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The Reserve Bank of India (RBI) has proposed a comprehensive restructuring of the Business Correspondent (BC) framework.
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The new framework introduces updated classification, governance norms, and remuneration standards for BCs.
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The primary objective of these revisions is to enhance the efficiency and oversight of BC operations across the country.
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Electoral Freebies: The Fiscal and Ethical Dilemma in Indian Politics
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Electoral freebies, such as free electricity or consumer goods, are common promises by political parties in India during elections.
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This practice sparks a significant debate regarding its impact on state finances, potentially leading to increased fiscal deficits and public debt.
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Concerns are also raised about the fairness of the electoral process and the distortion of voter behavior due to such promises.
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International
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US-Iran Ceasefire Announced; India's Gulf Strategy Gains Prominence
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US President Donald Trump declared a two-week ceasefire with Iran, following earlier threats of military action.
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Iran agreed to honor the ceasefire and ensure safe passage for vessels through the strategically vital Strait of Hormuz.
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The article highlights India's increasing focus on the Persian Gulf as a top strategic priority, recognizing it as an immediate neighborhood.
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Polity & Governance
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Sattankulam Custodial Death Verdict Highlights Police Accountability and Judicial Oversight
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The Sattankulam custodial deaths of P. Jayaraj and J. Bennix exposed severe failures in policing and judicial processes.
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The victims were subjected to brutal torture in police custody, leading to their demise.
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A recent verdict in the murder case underscores the critical need for police accountability and robust safeguards.
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Economy
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Government doubles 5-kg LPG cylinder quota amidst Hormuz Strait tensions
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The Indian government has doubled the quota for 5-kg LPG cylinders to address potential supply concerns.
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This proactive measure is a response to escalating tensions in the Strait of Hormuz, a critical global oil transit choke point.
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These smaller cylinders are now available for over-the-counter purchase at LPG distributorships upon presenting a simple identity card.
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Polity & Governance
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Assam Police visit Congress leader's Delhi home over alleged forged document case
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Assam Police visited the Delhi residence of Congress leader Pawan Khera in connection with a complaint.
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The complaint was filed by Riniki Bhuyan Sharma, wife of the Assam Chief Minister, alleging Khera used a forged document.
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Khera is accused of attempting to malign Ms. Sharma's reputation through the alleged forged document.
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Polity & Governance
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Actor Vijay's TVK Party Makes Electoral Debut in Tamil Nadu, Sparks Political Speculation
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Actor Vijay's political party, Tamizhaga Vetri Kazhagam (TVK), is set to make its electoral debut in Tamil Nadu.
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Founded two years ago, the party's entry is expected to add a new dimension to the state's political landscape.
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Political observers anticipate TVK could secure a significant vote share, potentially mirroring the early performance of Vijayakanth's DMDK.
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Polity & Governance
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West Bengal Minister Raises Concerns Over Voter Disenfranchisement During Electoral Roll Revision
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West Bengal Minister Shashi Panja alleged that numerous genuine voters were excluded from electoral rolls during the Special Summary Revision (SIR) process.
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The minister questioned the fairness of upcoming elections if a significant number of eligible citizens are disenfranchised.
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Concerns were specifically raised about the 'adjudication' process following SIR, which reportedly led to the exclusion of many voters.
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Polity & Governance
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Assam Elections: Delimitation Reshapes CM's Constituency, ECI's Role in Electoral Integrity
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Assam's Jalukbari Assembly constituency, represented by Chief Minister Himanta Biswa Sarma, has undergone significant boundary changes following the 2023 delimitation exercise.
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This redrawing of electoral maps has altered the voter demographic, incorporating new areas like Garigaon and ceding others, impacting the ongoing state assembly election campaign.
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The Election Commission of India (ECI) is actively involved, addressing a complaint filed against the Chief Minister regarding alleged non-disclosure of assets.
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