2026 current affairs Archives | Page 8 of 27

Borrowers’ Platform Launched by Developing Countries

Why in News?

In a major step towards reforming the global financial system, developing countries launched the Borrowers’ Platform during the IMF-World Bank Spring Meetings 2026. This is the first-ever collective initiative aimed at strengthening the voice of borrowing nations in global debt discussions.

What is the Borrowers’ Platform?

A collaborative forum for developing countries.
Focuses on sovereign debt issues and financial challenges.
Helps countries coordinate strategies and share knowledge.
Aims to rebalance global financial governance, which is currently dominated by lenders.

Secretariat: The United Nations Conference on Trade and Development (UNCTAD) serves as the permanent secretariat, providing technical and administrative support.
Member-Led Structure: It is governed by the finance ministers of participating nations.
Working Group: A seven-country group currently guides implementation, chaired by Egypt with Pakistan as vice-chair. Other founding members include Colombia, Honduras, Maldives, Nepal, and Zambia.

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Jonnagiri Gold Project: India’s First Private Gold Mine

Why in News?

The Jonnagiri Gold Project in Andhra Pradesh is set to begin full commercial production in May 2026. It is a landmark development as India’s first large-scale private gold mining project after Independence, marking a shift in the country’s mining sector.

Jonnagiri Gold Project

Location

Situated in Kurnool district, Andhra Pradesh
Covers 598 hectares
Includes villages:
- Jonnagiri
- Erragudi
- Pagidirayi

Developer & Ownership

Developed by Geomysore Services India Pvt Ltd
Backed by: Deccan Gold Mines Ltd (DGML)

Investment & Capacity

Total investment: ₹400+ crore
Annual production target:
- 750 kg to 1 tonne of gold
Certified gold resources:
- 13.1 tonnes
Exploration potential:
- Up to 42.5 tonnes

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Prajna Satellite System: AI-Based Security Boost

Leave a Comment / Daily Current Affairs, Defence Current Affairs / PSC Chronicles Team

Why in News?

The Government of India has introduced an advanced satellite imaging system named Prajna to strengthen internal security

What is Prajna?

Prajna is an AI-powered satellite imaging and analytics system.
Developed by the Defence Research and Development Organisation (DRDO).
Specifically designed to assist the Ministry of Home Affairs (MHA) in monitoring and security operations.
Key Function: Provides real-time satellite imagery with advanced AI analytics for quick decision-making.
Purpose: Primarily enhances surveillance, border management, and security operations.

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Russia Clears R-37M Missile for India

Leave a Comment / Daily Current Affairs, Defence Current Affairs / PSC Chronicles Team

Why in News?

Russia has given approval to export the advanced R-37M (RVV-BD) air-to-air missile to India. This missile significantly enhances the Indian Air Force’s (IAF) long-range combat capability, especially against high-value airborne targets.

What is R-37M Missile?

The R-37M (RVV-BD) is an ultra-long-range air-to-air missile (AAM) developed by Russia.
It is designed to engage and destroy targets at extremely long distances.
Range: 300–400 km (one of the longest in the world)
Speed: Exceeds Mach 6 (hypersonic category).
The missile will be deployed on the Sukhoi Su-30MKI.
This significantly boosts the IAF’s Beyond Visual Range (BVR) combat strength.

Concept: Air-to-Air Missiles (AAM)

An Air-to-Air Missile (AAM) is a guided weapon launched from an aircraft to destroy enemy aircraft.

Types of AAM:

Within Visual Range (WVRAAM)
- Range: Less than 30 km
- Guidance: Infrared (heat-seeking)
Beyond Visual Range (BVRAAM)
- Range: More than 37 km
- Guidance: Radar-guided
- Examples:
  - Astra Mark I
  - Astra Mark II

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Kolleru Lake Boundary Issue 2026

Leave a Comment / Daily Current Affairs, Andhra Pradesh Current Affairs / PSC Chronicles Team

Why in News?

Andhra Pradesh government has approached the Central Empowered Committee seeking approval to revise the boundaries of the Kolleru Wildlife Sanctuary.

Issue:

The present sanctuary limits, established in 2006 (G.O. Ms. No. 120), have caused significant friction with local fishermen and farmers, leading to demands to move the sanctuary boundary from the 5th to the 3rd contour level.
The SC-appointed Central Empowered Committee has expressed serious concern over the “inordinate delay” by the Andhra Pradesh government in fixing the final boundaries.
Recently state government has asked the Central Empowered Committee (CEC) to approve reducing the sanctuary area by ~20,000 acres in line with National Board for Wildlife (NBWL) recommendations.

About Kolleru Wildlife Sanctuary

Kolleru Wildlife Sanctuary, located between the Krishna and Godavari deltas, is India’s largest freshwater lake and a crucial Ramsar site (designated 2002).
Established in 1999, this ~308 sq km sanctuary supports massive migratory bird populations (e.g., Grey Pelican) and acts as a vital flood-balancing reservoir.

Significance: It is a shallow, freshwater lake, famous for attracting migratory birds from Siberia, Central Asia, and the Himalayas.
Ramsar Site: Designated in 2002 as a wetland of international importance.
Key Fauna: Primarily known for the Grey Pelican (indicator species), painted storks, open-billed storks, glossy ibis, and various migratory species.
Hydrology: Fed by seasonal rivers Budameru and Tammileru and connected to the Krishna/Godavari systems via over 60 drains.
Major Challenges: Encroachments due to aquaculture, illegal fish tanks, pollution from chemical fertilizer runoff, and reduction in water-holding capacity

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Telangana rolling out 6-Circuit Tourism Strategy 2026

Leave a Comment / Daily Current Affairs, Telangana Current Affairs / PSC Chronicles Team

Why in News?

Telangana government has introduced a comprehensive tourism development strategy based on six thematic circuits. The initiative aims to boost tourism, attract investments, and enhance infrastructure, positioning Telangana as a major destination for both domestic and international travelers.

telangana government rolling 202604211603

Six Tourism Circuits Explained

Spiritual Circuit

Focus: Religious tourism and pilgrimage development
Major locations:

Yadagirigutta
Bhadrachalam
Basar
Vemulawada
Alampur–Somasila
Ramappa
Kaleshwaram
Medak

Heritage Circuit

Focus: Historical monuments and cultural legacy
Key areas:

Warangal
Nalgonda
Palakurthi
Karimnagar
Charminar cluster
Hyderabad–Rangareddy–Medchal region

Eco-Wellness & Tribal Circuit

Focus: Nature tourism and wellness tourism

Eco-Wellness Locations:

Siddipet
Nallamala region
Sriram Sagar
Jannaram

Tribal Tourism Locations:

Nagarjuna Sagar
Vikarabad
Mahabubnagar

Crafts Circuit

Focus: Traditional handloom and handicrafts
Key hubs:

Pochampally (famous for Ikat)
Narayanpet
Gadwal–Kothakota

Water Circuit

Focus: Waterfalls and scenic spots
Key locations:

Kuntala (Koratikal)
Pochera
Gayatri waterfalls

Buddhist Circuit

Focus: Ancient Buddhist heritage
Important sites:

Kondapur
Dhulikatta
Karukonda
Nelakondapalli
Buddhavanam
Phanigiri
Gajulabanda

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AP Pashu Kisan Credit Card Scheme 2026 – Explained

Leave a Comment / Daily Current Affairs, Andhra Pradesh Current Affairs / PSC Chronicles Team

Why in News?

Andhra Pradesh government has introduced the Pashu Kisan Credit Card (PKCC) Scheme to support livestock farmers. This scheme provides easy and affordable credit to improve the animal husbandry sector and reduce financial stress on farmers.

PKCC Scheme

The PKCC Scheme aims to provide institutional credit to farmers engaged in livestock activities.

Key Features of the Scheme

Loan Facilities

Up to ₹1.60 lakh loan without collateral
Interest rate: 7% per annum
Loans up to ₹3 lakh available as per banking norms

Interest Subvention Benefit

Farmers who repay within 1 year get a 3% interest subsidy
Effective interest rate reduces to 4%

Eligibility Criteria

Open to:
- Land-owning farmers
- Tenant farmers
- Members of Self-Help Groups (SHGs)

Coverage

All livestock farmers across Andhra Pradesh can apply

Significance of the Scheme

Reduces dependency on private moneylenders
Ensures low-interest institutional credit
Encourages scientific and sustainable livestock practices
Strengthens the rural economy and dairy sector
Promotes financial inclusion in agriculture

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AP launches Project Punarvika to support children with rare diseases

Leave a Comment / Daily Current Affairs, Andhra Pradesh Current Affairs / PSC Chronicles Team

Why in News?

Andhra Pradesh government has launched Project Punarvika, a new initiative aimed at supporting children suffering from rare and life-threatening diseases.

Key Objectives of Project Punarvika

1. Strengthening Policy Support

Coordinate with the Government of India.
Improve implementation of rare disease policies at national level.
Advocate for better funding and regulatory frameworks.

2. Collaboration with Global Industry

Partner with international pharmaceutical and biotech companies.
Ensure availability of advanced therapies.
Reduce high treatment costs through strategic tie-ups.

3.Support Ecosystem:

Building a structured system to provide medical, logistical, and counselling assistance so families do not have to fight these battles alone

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Parliament Adjourned Sine Die: Key Concepts Explained

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Why in News?

The extended Budget Session of the Indian Parliament was recently adjourned sine die, following the defeat of a key Constitutional Amendment Bill in the Lok Sabha. This development highlights important parliamentary procedures frequently asked in competitive exams.

Key Parliamentary Concepts Explained

1. Adjournment Sine Die

Meaning: Termination of a sitting of the House without fixing a date for the next meeting.
Authority:
- In Lok Sabha → Lok Sabha Speaker
- In Rajya Sabha → Rajya Sabha Chairman
Important Point:
- It ends only the sitting, not the entire session.
Effect on Bills:
- Pending Bills and business do NOT lapse.

2. Adjournment

Meaning: Suspension of a sitting for a fixed time (hours, days, or weeks).
Authority: Presiding Officer of the House.
Example: Lunch break or postponement to next day.

3. Prorogation

Meaning: Formal termination of a session of Parliament.
Authority:
- President of India
Key Feature:
- Usually occurs after adjournment sine die.
Effect on Bills:
- Bills do NOT lapse (except certain notices).

Comparison Table: Key Differences

Feature	Adjournment	Adjournment Sine Die	Prorogation
Meaning	Suspension for fixed time	Suspension without date	End of session
Authority	Presiding Officer	Presiding Officer	President of India
Time Period	Specific	Indefinite	Final termination
Effect on Bills	Continue	Continue	Continue

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Rajya Sabha Reconstitutes Panel of Vice-Chairpersons

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Why in News?

The Rajya Sabha has reconstituted its Panel of Vice-Chairpersons, nominating six members from different political parties. This ensures smooth functioning of the House in the absence of regular presiding officers.

What is the Panel of Vice-Chairpersons?

The Panel of Vice-Chairpersons is a group of members nominated to preside over the Rajya Sabha when regular presiding officers are unavailable.

Nominating Authority

Chairman of Rajya Sabha (Vice President of India)

Membership

Selected from among Rajya Sabha members

Size of Panel

Usually not more than 6 members
Sometimes extended to 8 members for broader representation

Political Diversity

Members are chosen from different political parties

Important Limitation

A panel member cannot preside if:
- The offices of Chairman and Deputy Chairman are vacant
In such a case:
- The President of India appoints a member to perform duties until a new presiding officer is elected

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