The Reserve Bank of India maintained the repo rate at 5.25% during its April meeting under Governor Sanjay Malhotra due to global economic uncertainties. The Standing Deposit Facility rate remains at 5.0% while the Marginal Standing Facility and Bank Rate remain at 5.50%.
Source ↗PhonePe recorded 10.50 billion transactions in March 2026, making it the first UPI app to reach this milestone. The app held a 46.4% market share by volume and processed transactions worth ₹14.48 lakh crore, setting a new benchmark in India's digital payments ecosystem.
Source ↗The Supreme Court ruled that safe travel on National Highways is part of the Fundamental Right to Life under Article 21 of the Constitution. The judgment ordered a ban on dhabas and commercial establishments within the highway right of way to ensure road safety.
Source ↗A Free Trade Agreement was signed at Bharat Mandapam to enhance bilateral economic cooperation and reduce trade barriers. The pact grants 100% duty-free access for Indian exports to New Zealand and includes visa pathways for 5,000 Indian professionals annually.
Source ↗The Indian government established a high-level committee chaired by SBI Chairman C.S. Setty to evaluate cybersecurity risks from Anthropic's AI platform 'Mythos'. The panel will recommend policy and technological safeguards for the banking and financial sector.
Source ↗NITI Aayog introduced a two-phase roadmap to leverage digital infrastructure for driving India toward a $30 trillion economy by 2047. The plan targets an $18,000 per capita income and focuses on digital empowerment and innovation-driven growth.
Source ↗Prime Minister Narendra Modi is scheduled to inaugurate the 594-kilometer-long Ganga Expressway on 29 April 2026 to improve connectivity and boost economic development in Uttar Pradesh. The expressway is expected to significantly reduce travel time between major cities.
Source ↗India expects to receive its fourth S-400 Triumf air defence system from Russia in mid-May 2026 to strengthen its multi-layered air defence network. The system will be deployed along the western border with Pakistan to enhance strategic defense capabilities.
Source ↗External Affairs Minister S. Jaishankar launched the official branding and website for the 4th India-Africa Forum Summit scheduled for May 31, 2026. The theme is 'IA SPIRIT: India-Africa Strategic Partnership for Innovation, Resilience, and Inclusive Transformation'.
Source ↗Rocklink India Private Limited opened India's first integrated recycling plant for lithium-ion batteries and rare earth magnets in Sikandrabad, Uttar Pradesh. The facility has an annual processing capacity of 10,000 tonnes of batteries, supporting India's clean energy and circular economy initiatives.
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