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Daily Current Affairs 14th April 2026 Daily GK Update
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National News
Coal Ministry Allows Insurance Surety Bonds as Alternative to Bank Guarantees for Project Security
- The Ministry of Coal has recognised Insurance Surety Bonds (ISBs) as an alternative to bank guarantees (BGs) for bid and performance security.
- ISBs act as a risk transfer mechanism, protecting projects from financial losses if contractors fail to meet contractual obligations.
- This move follows amendments to the General Financial Rules 2017 by the Ministry of Finance, promoting flexible and efficient financial instruments in public procurement.
Amul Becomes First FMCG Company to Cross ₹1 Lakh Crore Turnover; Saraswat Bank Achieves Milestone in Urban Cooperative Banking
- Amul became the first FMCG company in India to cross a turnover of ₹1 lakh crore in FY 2025–26, reaching ₹1,00,000 crore with around 11% growth.
- Saraswat Cooperative Bank also crossed ₹1 lakh crore in total business, becoming the first urban cooperative bank to achieve this milestone.
- Saraswat Cooperative Bank is headquartered in Mumbai, Maharashtra, marking a significant achievement in the cooperative banking sector.
FIU-IND and I4C Sign MoU to Strengthen Fight Against Cyber and Financial Crimes
- Financial Intelligence Unit-India and Indian Cyber Crime Coordination Centre have signed an MoU to strengthen cooperation in tackling cyber frauds and financial crimes.
- Under the agreement, FIU-IND will share data on suspicious financial transactions, while I4C will provide inputs on cybercrime trends and digital fraud patterns.
Indian Army Launches ‘Operation Him Setu’ to Rescue Stranded Tourists in North Sikkim
- Indian Army’s Trishakti Corps launched Operation Him Setu to evacuate stranded tourists in Lachen, North Sikkim after landslides disrupted road connectivity.
- Despite heavy snowfall and harsh weather, troops opened critical passes and alternate routes, enabling phased evacuation of tourists from the affected region.
- In coordination with the Border Roads Organisation, rescue efforts have cleared roads and restored connectivity, with 135 tourists evacuated so far.
VP C. P. Radhakrishnan Releases First-Ever Sindhi Version of Constitution in Devanagari Script
- 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.
- He highlighted that Sindhi is one of the oldest and most melodious languages and emphasized the importance of making the Constitution accessible in diverse languages.
- The release was made on the occasion of Sindhi Bhasha Diwas.
Banking And Financial News
DBS Bank India Launches ‘DBS Aspire’ Programme
- DBS Bank India has launched the ‘DBS Aspire’ banking programme along with the Aspire debit card.
- The programme is targeted at emerging affluent and well-travelled customers, offering premium banking benefits and services.
Recent Facilities Launched in Banking & Insurance Sector
- PhonePe–SBI Launch Co-Branded Credit Card with Zero Joining Fee
- SEBI launched the ‘Verified App Label’ initiative to enhance investor safety in digital platforms.
- NHB Launches Gruh Sugam Portal to Digitise Home Loans for Defence and Government Employees
- Jio Payments Bank Launches UPI-Based Cardless Cash Withdrawal Facility to Boost Financial Inclusion
PNB Partners with GeM to Provide Collateral-Free Loans to Sellers via GeM Sahay Portal
- Punjab National Bank has signed an MoU with the Government e-Marketplace to enhance financial access for sellers.
- Under this partnership, sellers—especially MSMEs—can avail quick, collateral-free short-term loans via the GeM Sahay Portal, improving liquidity and enabling seamless, paperless credit access.
UPI Completes 10 Years with Massive Growth in Transactions and Value
- India’s Unified Payments Interface (UPI), developed by the National Payments Corporation of India, has completed 10 years since its launch in 2016.
- UPI has witnessed massive growth in transaction volume, rising from 1.78 crore to 21,898 crore transactions (around 12,000× increase).
- The transaction value has surged from ₹6,952 crore to ₹285 lakh crore, marking an extraordinary 4,000× growth over the decade.
Appointment 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, Maharashtra.
- He previously served as the Managing Director & CEO of Canara Bank, bringing extensive banking and financial experience to the role.
About IDPIC
- The Indian Digital Payment Intelligence Corporation (IDPIC) is India’s central platform for detecting, preventing, and analysing digital payment fraud in real time.
- It is incorporated as a Section 8 company under the Companies Act, 2013, focusing on strengthening the digital payments ecosystem.
- IDPIC uses advanced technologies like Artificial Intelligence (AI), Machine Learning (ML), and Big Data Analytics to enhance security and trust in digital payments.
Rajive Kumaraswami Appointed MD Designate of Chola MS
- Rajive Kumaraswami has been appointed as Managing Director Designate of Cholamandalam MS General Insurance (Chola MS).
- He will take over as Managing Director & CEO from June 1, 2026, succeeding V. Suryanarayanan.
Recent Appointments in Banking & Insurance Sector
- Non-Executive Chairman of South Indian Bank – Jose Joseph Kattoor (replace V J Kurian); for 3 years
- Whole-Time Member of SEBI – Kompella Venkata Ramana Murty
- MD & CEO of Yes Bank – Vinay Muralidhar Tonse (replace Prashant Kumar ); for 3 year
- MD & CEO of HDFC ERGO General Insurance – Parthanil Ghosh (replace Anuj Tyagi)
- CMD of General Insurance Corporation of India – Hitesh Rameshchandra Joshi
Vibhor Jain Appointed MD & CEO of ONDC
- Vibhor Jain has been appointed as the MD & CEO of Open Network for Digital Commerce (ONDC).
- He previously held the position of Chief Operating Officer (COO) at ONDC and succeeded former CEO Thampy Koshy.
Science and Tech News
Meta Launches ‘Muse Spark’ AI Model to Boost Superintelligence Ambitions
- Meta Platforms has launched Muse Spark, a new AI model to strengthen its position in the global artificial intelligence race.
- Muse Spark is part of Meta’s broader superintelligence strategy, developed by a specialised AI team to advance machine intelligence capabilities.
- The launch reflects Meta’s increasing focus on high-end AI investments, aiming to build systems with the potential to surpass human-level reasoning in the future.
Obituary News
Former India Cricketer C. D. Gopinath Passes Away
- D. Gopinath, former India cricketer, passed away recently and was the last surviving member of India’s first-ever Test victory against England in 1952.
- He was also part of the Madras team that won the Ranji Trophy in 1954–55, marking a significant contribution to domestic cricket.
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.
- He served as an MLA from Kaliyachok (1996–2006) and later as an MP from Malda Dakshin constituency.
- During the UPA government, he held the position of Union Minister of State for Health and Family Welfare, contributing to public health policies.
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