Current Affairs - Economy
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Exercise : Economy - Latest Current Affairs
- Economy - Latest Current Affairs
1.
What percentage of AIGCC member investors adopted Net Zero portfolio targets according to the 2026 report?
Answer: Option
Explanation:
The Asia Investor Group on Climate Change (AIGCC) reported in 2026 that 74% of its member investors had adopted Net Zero portfolio targets. The study evaluated 240 investors managing assets worth $123 trillion, highlighting growing awareness of climate-related financial risks among institutional investors in Asia. Despite strong adoption of Net Zero goals, the report also identified significant implementation gaps, as only a limited number of investors published detailed transition pathways and fossil fuel policies. The findings underline the increasing importance of sustainable investment strategies, energy storage, and climate risk disclosure in global financial markets while emphasising the need for stronger execution of climate commitments.
Date : 2026-05-19
2.
Which airport received Union Cabinet approval for modernisation under a Public-Private Partnership (PPP) model?
Answer: Option
Explanation:
The Union Cabinet approved the modernisation of Nagpur International Airport through a Public-Private Partnership (PPP) model by extending the lease period of the Airports Authority of India land granted to MIHAN India Limited. The project operations will be managed by GMR Nagpur International Airport Limited (GNIAL) for a concession period of 30 years. The modernisation aims to expand the airport’s capacity to handle up to 30 million passengers annually while strengthening cargo logistics in the Vidarbha region. The airport, officially known as Dr Babasaheb Ambedkar International Airport, is also a major component of the Multi-modal International Cargo Hub and Airport at Nagpur (MIHAN) project.
Date : 2026-05-16
3.
Until when has India prohibited sugar exports under the amended trade policy announced in May 2026?
Answer: Option
Explanation:
India prohibited the export of raw, white, and refined sugar until September 30, 2026, through an amendment to the trade policy announced by the Ministry of Commerce and Industry. The decision was taken to ensure adequate domestic supply and stabilise sugar prices in the local market. The prohibition applies to specific ITC (HS) codes under Chapter 17 of the trade classification system. Certain exemptions continue for quota-based exports to the European Union and the United States, shipments under the Advance Authorisation Scheme, and consignments related to international food security commitments. If not extended further, the export status will revert to “Restricted” after September 2026.
Date : 2026-05-15
4.
What was India's annual WPI inflation rate in April 2026?
Answer: Option
Explanation:
India’s annual inflation rate based on the Wholesale Price Index (WPI) stood at 8.3% in April 2026 on a provisional basis. The increase was mainly driven by higher prices of mineral oils, crude petroleum, natural gas, basic metals, and manufactured products. Fuel and power recorded a particularly sharp rise due to higher mineral oil prices, while primary articles also witnessed strong inflationary pressure. The WPI is released every month by the Office of the Economic Adviser under the Ministry of Commerce and Industry. Manufactured products carry the highest weightage in the WPI basket, making them a key factor in overall inflation trends.
Date : 2026-05-15
5.
What is the revised import duty rate on gold and silver announced by the Centre in May 2026?
Answer: Option
Explanation:
The Centre revised the customs duty on precious metals on May 13, 2026, to safeguard macroeconomic stability and conserve foreign exchange reserves. Under the revised structure, the import duty on gold and silver was increased significantly from 6% to 15%, while platinum duty was raised to 15.4%. The policy aims to reduce non-essential imports and ease pressure on India’s Current Account Deficit (CAD). The decision was also influenced by global crude oil volatility and supply-side disruptions affecting international trade and shipping. The Ministry of Finance manages such economic and taxation policies to maintain financial stability in the country.
Date : 2026-05-14
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