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Current Affairs 10 April 2026
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NATIONAL AFFAIRS
Cabinet Approves Two Mega Hydro Power Projects Worth Rs.40,175.33 Crore in AR
In April 2026, the Cabinet Committee on Economic Affairs (CCEA), chaired by the Prime Minister (PM) Narendra Modi, has approved two mega hydroelectric projects in Arunachal Pradesh (AR) with a combined investment of Rs. 40,175.33 crore to boost renewable energy, strengthen energy security, and promote sustainable development in the North-Eastern region.
- The projects comprise the 1200 megawatt (MW) Kalai-II Hydro Electric Project (HEP) in Anjaw District and the 1720 MW Kamala HEP across Kamle, Kra Daadi, and Kurung Kumey Districts.
About Kalai-II Hydro Electric Project:
Project: The CCEA approved Rs.14,105.83 crore for the Kalai-II Hydro Electric Project (HEP) on the Lohit River in Anjaw District, AR, which includes development of around 29 kilometres (km) of roads and bridges to improve local connectivity in Namsai and Anjaw Districts.
Capacity: The Kalai-II HEP has an installed capacity of 1,200 MW (6 × 190 MW + 1 × 60 MW), is expected to generate 4,852.95 Million Units (MU) annually, and is planned for completion within 78 months.
About Kamala Hydro Electric Project:
Investment: The CCEA approved Rs.26,069.50 crore for the Kamala HEP in Kamle, Kra Daadi, and Kurung Kumey Districts, AR, including Rs.4,743.98 crore for flood moderation, Rs.1,340 crore for enabling infrastructure, and Rs.750 crore as Central Financial Assistance (CFA) for the State’s equity share.
Capacity: The project has an installed capacity of 1,720 MW (8 × 210 MW + 1 × 40 MW) and is expected to generate 6,870 MU annually, supporting peak demand management, national grid balancing, and flood moderation in the Brahmaputra valley.
Cabinet Approves NBS Rates for Kharif 2026, Jaipur Metro Phase-II, and HRRL Refinery Expansion
In April 2026, the Union Cabinet, chaired by Prime Minister (PM) Narendra Modi, approved a series of significant proposals aimed to strengthen India’s agricultural support systems, enhance urban infrastructure, and boost energy security.
Key Approvals:
NBS rates for Kharif Season, 2026 on P&K fertilizers: The Union Cabinet approved the proposal of the Department of Fertilizers (DoF) which works under the Ministry of Chemicals and Fertilizers (MoC&F), for fixing the Nutrient Based Subsidy (NBS) rates for Kharif Season, 2026, starting from April 01, 2026 to September 30, 2026, on P&K fertilizers, with tentative budgetary allocation of Rs.41,533.81 crore.
Jaipur Metro Project Phase-2: The Union Cabinet has also approved Jaipur Metro Phase-2, a 41 kilometer (km) long corridor connecting Prahladpura to Todi Mod, with an estimated cost Rs 13,037.66 crore.
Revised Cost for HRRL Project in Rajasthan: The Cabinet Committee on Economic Affairs (CCEA), chaired by the PM Narendra Modi has approved the revised cost of HPCL Rajasthan Refinery Limited (HRRL) project cost from Rs. 43,129 Crore to Rs.79,459 Crore.
- In addition, Hindustan Petroleum Corporation Limited (HPCL) will invest additional equity investment of Rs.8,962 crore, following this, the total equity investment by HPCL reaches to Rs.19,600 crore.
Union Minister Jayant Chaudhary Initiates Campaign to Build ‘Skills Outcomes Fund’ for Youth Livelihoods
In April 2026, Union Minister Jayant Chaudhary, Ministry of Skill Development and Entrepreneurship (MSDE), initiated a campaign to establish the Skills Outcomes Fund (SOF), a first-of-its-kind initiative in New Delhi, Delhi, to enhance employment opportunities for youth from low-income backgrounds across India.
- The initiative aims to launch the SOF to mobilize capital, link skilling to verified employment outcomes for youth, and scale as the world’s largest Outcomes-Based Financing (OBF) initiative.
Key Features of SOF:
Anchor: Led by National Skill Development Corporation (NSDC) under the MSDE as the nodal implementing agency.
Model: Uses blended finance by combining government, private, and philanthropic capital through an outcomes-based financing approach linking payments to verified employment results.
Focus: Targets demand-driven, employer-led skilling in high-growth sectors such as Information Technology – Information Technology Enabled Services (IT-ITeS), Banking Financial Services and Insurance (BFSI), healthcare, logistics, green jobs, and electronics.
NITI Aayog Launches Report on ‘Women’s Evolving Credit Market’; Women Hold Rs. 76 Lakh Crore Credit Portfolio
In April 2026, Nidhi Chhibber, Chief Executive Officer (CEO) of National Institution for Transforming India (NITI) Aayog, released the second edition of its report titled “From Borrowers to Builders: Women and India’s Evolving Credit Market” in New Delhi, Delhi.
- The report highlights that women hold a credit portfolio of Rs.76 lakh crore, accounting for 26% of total system credit with a 4.8-fold rise since 2017.
Key Findings:
Collaboration: The report, prepared under the aegis of the Women Entrepreneurship Platform (WEP), was developed by TransUnion CIBIL in collaboration with MicroSave Consulting (MSC).
Penetration: Credit penetration among women increased from 19% in 2017 to 36% in 2025 with around 16 crore credit-active borrowers growing at a 9% Compound Annual Growth Rate (CAGR).
Potential: Nearly 45 crore credit-eligible women exist in India, with about two-thirds still unserved, indicating vast expansion scope.
India Withdraws Proposal To Host COP 33 Climate Summit 2028
In April 2026, India officially withdrew its proposal to host COP33 under the United Nations Framework Convention on Climate Change (UNFCCC) in 2028, leaving South Korea as the sole bidder.
- Rajat Agarwal, Joint Secretary, Ministry of Environment, Forests and Climate Change(MoEFCC) informed the chair of United Nation(UN) Asia-Pacific Group(currently Pakistan), within the United Nations Framework Convention on Climate Change (which conducts the climate conference) via letter, citing a ‘review of its commitments’.
Key Details:
India’s Proposal: Prime Minister (PM) Narendra Modi had conveyed India’s proposal to host COP33 during his special address at the inauguration of the High-Level Segment (HLS) of COP28 in December 2023 in the United Arab Emirates (UAE).
Previous COP Hosting: India previously hosted only COP8 in 2002 at Vigyan Bhawan, New Delhi, Delhi.
COP: It is the highest decision‑making body under the UNFCCC, where Parties meet annually to assess progress on climate goals, negotiate commitments, and mobilise climate finance and action.
Union MoS Dr. Jitendra Singh Announces Seismological Observatory and Doppler Radar
In April 2026, Union Minister of State (MoS) (Independent Charge, IC) Dr. Jitendra Singh, Ministry of Science & Technology(MoS&T) and Ministry of Earth Sciences (MoES) announced the establishment of a Seismological Observatory in Kishtwar and a Doppler Weather Radar (DWR) in Doda in Jammu and Kashmir(J&K).
- He made the announcement while chairing a meeting of the District Development Coordination and Monitoring Committee (DISHA) at the DC Office Complex in Doda.
Significance of Initiative:
Doppler Weather Radar (DWR): The proposed DWR will facilitate precise, real-time monitoring of weather conditions, significantly enhancing early warning systems and strengthening disaster management capabilities in the district under the Mission Mausam initiative.
Seismological Observatory: The establishment of a permanent seismological observatory will augment India’s national seismic monitoring network, improve earthquake detection and analysis, and reinforce disaster preparedness and risk mitigation in the region.
Automated Weather Stations(AWS): He also announced that site selection has been completed for installing AWS in the remote areas of Paddar and Machail to enhance weather forecasting and strengthen disaster management efforts.
Significance: These initiatives support the expansion of India’s meteorological and seismic observation networks, particularly in vulnerable mountainous regions.
ALEMAI Launches ‘Aluminium Bharat’ Initiative to Boost Domestic Manufacturing and Global Competitiveness
In April 2026, the Aluminium Extrusion Manufacturers Association of India (ALEMAI) has launched the ‘Aluminium Bharat’ initiative to enhance domestic manufacturing capabilities, promote sustainable industrial growth, and position India as a global leader in aluminium production and exports.
- The initiative was unveiled by Union Minister of State(MoS) Jitin Prasada, Ministry of Commerce and Industry(MoC&I) in New Delhi, Delhi.
About Aluminium Bharat:
Collaboration: ‘Aluminium Bharat’ aims to bring together policymakers, industry leaders, and global stakeholders to co-create a strategic roadmap for the sustainable growth of India’s aluminium sector.
Exhibition: As part of the initiative, the ALEMAI will host ‘Aluminium Bharat 2026,’ India’s first comprehensive exhibition dedicated to the entire aluminium value chain.
- The event is scheduled to be held from September 26 to 29, 2026, showcasing innovations, technologies, and opportunities within the industry.
Significance: The aluminium value chain supports over 10 lakh jobs in India, and strengthening the downstream sector is vital for advancing the nation’s USD 5 trillion economy and achieving the Viksit Bharat 2047 vision.
NTPC Signs MoU with France’s EDF for Leveraging Nuclear Power Projects
In April 2026, India’s largest power utility, NTPC Limited, formerly known as National Thermal Power Corporation, signed a strategic non-binding Memorandum of Understanding (MoU) with France’s Électricité de France (EDF) ) to explore collaboration in the development of nuclear power projects in India.
- This agreement was signed by Arnada Prasad Samal, Chief General Manager(CGM) (Nuclear Cell), NTPC and Vakisasi Ramany, Senior Vice President, International Nuclear Development, EDF.
Key Details of Agreement:
Feasibility: Under the MoU, both companies will jointly assess the feasibility and modalities of cooperation, including evaluating EDF’s European Pressurised Reactor (EPR) technology for its suitability in India.
Implementation: The partnership will explore opportunities for localisation for large-scale deployment, assess economic and tariff aspects, identify potential project sites, and extend technical support as mutually agreed.
Training: The collaboration will focus on building human resource capabilities through specialised training programmes to support India’s nuclear energy ambitions.
Capacity: NTPC has an installed power generation capacity of over 89 GW (Gigawatts), with an additional 32 GW under construction. The company has set a target of achieving 149 GW of total capacity by 2032, including 60 GW from Renewable Energy (RE) sources.
ICAR Constitutes Special Task Force to Strengthen Agricultural Resilience Amid Geopolitical Shifts
In April 2026, the Indian Council of Agricultural Research (ICAR) constituted a Special Task Force (STF) to enhance India’s agricultural resilience by addressing global disruptions, ensuring food and input security, and providing data-driven policy inputs to the Government of India (GoI) amid geopolitical and climate challenges.
- The first meeting, chaired by Mangi Lal Jat, Secretary of the Department of Agricultural Research and Education (DARE), Ministry of Agriculture and Farmers Welfare (MoA&FW) and Director General (DG) of ICAR.
About STF on Agriculture:
Background: It was constituted due to geopolitical uncertainties, disruptions in global food and fertiliser supply chains, climate volatility, energy market issues, and rising input costs affecting agriculture.
Initiatives: The ICAR is intensifying the Mera Gaon Mera Gaurav (MGMG) programme (launched in 2015) in 100 Aspirational Districts using Krishi Vigyan Kendras (KVKs), promoting balanced fertilizer use in crops like wheat and rice, mapping millet regions, and encouraging diversification through eco-fisheries in Kharif season.
Technology: Focus is on Direct Seeding of Rice (DSR) to save 20–30% water and reduce labour costs, along with strengthening the All India Coordinated Research Project (AICRP) on Agricultural Meteorology for real-time advisories.
Governance: Nodal Officers in each Subject Matter Division (SMD) will ensure weekly monitoring and coordinated implementation of an Actionable Plan, with the STF meeting as required using institutional feedback.
INTERNATIONAL AFFAIRS
India Elected to UN ECOSOC Bodies; Preeti Saran Re-elected to Key-Rights Panel
In April 2026, the Permanent Mission of India to the United Nations (UN) announced that India was elected by acclamation to three subsidiary bodies of the United Nations Economic and Social Council (ECOSOC)
India Secures Key Positions in UN Bodies:
Commissions and Committees: India has been elected to UN bodies, including
- Commission on Science and Technology for Development (CSTD) for the 2027–2030 term,
- Committee on Non-Governmental Organizations (NGO Committee) for 2027–2030, and
- Committee for Programme and Coordination (CPC) for 2027–2029.
Re-elected: India’s Ambassador Preeti Saran has been re-elected to the Committee on Economic, Social and Cultural Rights (CESCR) for the 2027–2030 term, reinforcing India’s presence in key human rights bodies.
BANKING & FINANCE
Highlights of RBI’s 1st Bi-Monthly Monetary Policy of FY27
The Reserve Bank of India (RBI) conducted the 60th and 1st Bi-monthly Monetary Policy Committee (MPC) meeting of Financial Year 2026-27 (FY27) from April 06, 2026 to April 08, 2026 under the chairmanship of Dr. Sanjay Malhotra, Governor, RBI.
- The meeting was attended by the MPC members: Dr. Nagesh Kumar, Saugata Bhattacharya, Prof. Ram Singh, Dr. Poonam Gupta and Indranil Bhattacharyya.
Key Outcomes:
Policy Rate:The MPC kept the repo rate unchanged under the Liquidity Adjustment Facility (LAF) to 5.25% and maintained a ‘Neutral ’policy stance, citing heightened uncertainty after West-Asia conflict which drove crude price sharply higher, weakened rupee and disrupted trade supply chain.
- Consequently, the MPC retained the Standing Deposit Facility (SDF) rate at 5.00% and the Marginal Standing Facility (MSF) rate and the Bank Rate held at 5.50%.
GDP Growth Forecast: The committee has revised down India’s real Gross Domestic Product (GDP) growth forecast by 50 basis points (bps) for FY27 at 6.9% from its previous estimate of 7.4%.
Inflation Projection: The MPC projected Consumer Price Index (CPI) inflation at 4.6% for FY27, which is within a band of +/- 2%. It has also estimated core inflation at 4.4% for the current fiscal year.
ECONOMY & BUSINESS
World Bank Upgrades India’s GDP Growth Forecast to 6.6% for FY27
In April 2026, the World Bank (WB) released its latest “South Asia Economic (SAE) Economic Update April, 2026: Working with Industrial Policy” report. The report has slightly raised India’s Gross Domestic Product (GDP) growth forecast for the Financial Year 2026-27 (FY27) to 6.6% from its previous estimate of 6.3%.
- However, the report projected that India’s GDP growth is expected to moderate compared to previous years due to headwinds from West-Asia conflict.
Key Findings:
GDP in FY26: As per the report, India’s GDP growth rate is expected to increase from 7.1% (in FY25) to 7.6% (in FY26), driven by robust domestic demand and export resilience.
Fiscal Indicators: The report estimated that rationalisation of Goods and Services Tax (GST) rates is expected to support consumer demand in the 1st half (H1: April-September, 2026) of FY27. However, high global energy prices could increase inflation and restrict the spending power of households.
South Asia Growth Rate: The report has also projected that the growth in South Asia will ease to 6.3% in Calendar Year 2026 (CY26) from 7% (CY25), primarily due to disruptions in the global energy supply chain.
APPOINTMENTS & RESIGNATIONS
Nasscom Foundation Appoints UB Pravin Rao as New Chairperson
On April 7, 2026, the Nasscom Foundation announced the appointment of UB Pravin Rao as its new Chairperson, effective immediately. He succeeds Rostow Ravanan, who completed his tenure.
About U.B. Pravin Rao:
Experience: He brings over 35 years of experience in the technology sector, including global operations, large‑scale transformations, and leadership roles.
Key Role: Previously served as Chief Operating Officer (COO) of Infosys and has been associated with National Association of Software and Service Companies (NASSCOM) since 2014.
- He also served as Vice Chairperson and Chairman of NASSCOM, bringing continuity and strategic depth to the Foundation’s next phase
OBITUARY
First American to Summit Everest Jim Whittaker Passed Away
In April 2026, James Warren Whittaker, also known as Jim Whittaker, the first American to summit Mount Everest, passed away at the age of 97 in Port Townsend, Washington, the United States of America (USA). He was born on 10 February 1929 in Seattle, Washington, USA.
About Jim Whittaker:
Career: He was the first full-time employee and later Chief Executive Officer (CEO) of Recreational Equipment, Inc. (REI) (1971–1979), expanding it into a major outdoor retail cooperative.
Everest: He became the first American to summit Mount Everest on 1 May 1963 with Nawang Gombu under extreme conditions, becoming the 10th climber ever to reach the summit.
Expeditions: He led and participated in major climbs, including the successful American ascent of K2 in 1978, the 1965 Mount Kennedy expedition with Robert F. Kennedy, and the 1990 Everest International Peace Climb promoting international cooperation.
Honors: He received the Hubbard Medal (the National Geographic Society’s top honour) from former USA President John F. Kennedy and was further recognized with landmarks named after him, including Big Jim Mountain and the Jim Whittaker Wilderness Peak Trail.
Memoir: He authored his memoir, A Life on the Edge, published in 1999.
IMPORTANT DAYS
Central Reserve Police Force Valour Day 2026- April 9
The Central Reserve Police Force (CRPF) Valour Day, also known as Shaurya Diwas, is observed every year on 9 April across India to honour the bravery of CRPF personnel during the 1965 Battle of Sardar Post in the Rann of Kutch, Gujarat.
- 9th April 2026 marks the observance of the 61st CRPF Valour Day.
Background :
Operation Desert Hawk: On April 9, 1965, the Pakistani Army launched Operation Desert Hawk, sending a full infantry brigade to attack Sardar Post, but a small unit of the 2nd Battalion CRPF bravely repulsed the assault in the Rann of Kutch, killing 34 soldiers, capturing 4, and sacrificing 6 of their own men.
CRPF Valour Day: April 9 is observed every year as CRPF Valour Day to honour the bravery and sacrifice of CRPF personnel.
STATE NEWS
Puducherry Election Commission Deploys ‘Nila’ Robot to Welcome Voters at Polling Booth
On April 8, 2026, Puducherry election authorities deployed ‘Nila’ saree-clad humanoid robot for the first time in Assembly elections at VOC Government School polling booth in Puducherry.
About Nila:
Purpose: The initiative aimed to create a ‘high-tech’ and welcoming environment for voters, particularly to attract younger citizens and first-time voters.
Development: Developed by Coimbatore based Robo Mirror, Nila was dressed in a traditional saree and greeted voters with flowers, provided booth directions, and assisted elderly and first-time voters.
Functionality: Event-based interactive robot, detects voters via sensors, answers queries in Tamil/English with walking ability, hand waves. It is designed for multiple public settings, including weddings, official functions, and elections.
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Current Affairs Today (AffairsCloud Today)
| Current Affairs 10 April 2026 |
|---|
| Cabinet Approves Two Mega Hydro Power Projects Worth Rs.40,175.33 Crore in AR |
| Cabinet Approves NBS Rates for Kharif 2026, Jaipur Metro Phase-II, and HRRL Refinery Expansion |
| Union Minister Jayant Chaudhary Initiates Campaign to Build ‘Skills Outcomes Fund’ for Youth Livelihoods |
| NITI Aayog Launches Report on ‘Women’s Evolving Credit Market’; Women Hold Rs. 76 Lakh Crore Credit Portfolio |
| India Withdraws Proposal To Host COP 33 Climate Summit 2028 |
| Union MoS Dr. Jitendra Singh Announces Seismological Observatory and Doppler Radar |
| ALEMAI Launches ‘Aluminium Bharat’ Initiative to Boost Domestic Manufacturing and Global Competitiveness |
| NTPC Signs MoU with France’s EDF for Leveraging Nuclear Power Projects |
| ICAR Constitutes Special Task Force to Strengthen Agricultural Resilience Amid Geopolitical Shifts |
| India Elected to UN ECOSOC Bodies; Preeti Saran Re-elected to Key-Rights Panel |
| Highlights of RBI’s 1st Bi-Monthly Monetary Policy of FY27 |
| World Bank Upgrades India’s GDP Growth Forecast to 6.6% for FY27 |
| Nasscom Foundation Appoints UB Pravin Rao as New Chairperson |
| First American to Summit Everest Jim Whittaker Passed Away |
| Central Reserve Police Force Valour Day 2026- April 9 |
| Puducherry Election Commission Deploys ‘Nila’ Robot to Welcome Voters at Polling Booth |
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