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Daily Current Affairs: 2 April 2026

Current affairs of 2 April 2026: Amaravati Declared Sole Capital by AP Reorganisation Amendment Bill; Purvanchal Mahotsav Maati-9: Culture Festival Highlights; Nagoya Protocol: India Issues 3,561 IRCCs, Over 56% Globally, and 7 more topics. Key facts for every exam, with a quiz.

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10 TOPICSDaily CurrentAffairs2 April 2026In focus: Amaravati Declared Sole Capital by AP…safalsetu.com

In this issue: 10 topics

National Affairs

  1. Amaravati Declared Sole Capital by AP Reorganisation Amendment Bill
  2. Purvanchal Mahotsav Maati-9: Culture Festival Highlights
  3. Nyaya Setu AI Chatbot and Mascot Dishika Launched
  4. Jan Vishwas Bill 2026 Passed by Lok Sabha: 784 Provisions

Banking & Finance

  1. NSE-IGX Natural Gas Derivatives: GIXI-Based Contracts
  2. Account Portability: RBI’s PaSS Idea Under Payments Vision 2028
  3. RBI bans NDF contracts on the rupee for banks, rebooking barred
  4. Regulatory Impact Assessment: Why SEBI Rules Need It

Environment & Ecology

  1. Nagoya Protocol: India Issues 3,561 IRCCs, Over 56% Globally

Defence & Security

  1. INS Shachi: Navy Launches First NGOPV at Goa Shipyard

National Affairs

Polity & Governance

1. Amaravati Declared Sole Capital by AP Reorganisation Amendment Bill

  • Lok Sabha passed the Andhra Pradesh Reorganisation (Amendment) Bill, 2026, naming Amaravati the sole and permanent capital of Andhra Pradesh.
  • The decision applies retroactively from June 2, 2024, giving statutory backing and ending uncertainty.
  • The 2014 Reorganisation Act made Hyderabad joint capital for 10 years, ending in 2024.
  • The earlier three-capital plan: Visakhapatnam administrative, Amaravati legislative, Kurnool judicial.
Full notes and 3 MCQs ›
History, Art & Culture

2. Purvanchal Mahotsav Maati-9: Culture Festival Highlights

  • Lok Sabha Speaker addressed Purvanchal Mahotsav Maati-9 and called the region the soul of India.
  • Maati-9 celebrates Purvanchal, covering eastern Uttar Pradesh, Bihar and parts of Jharkhand; its theme Maati means soil.
  • Folk forms linked with Purvanchal include Sohar, Chaiti and Kajari songs and the Biraha dance.
  • Purvanchali migrants reached Mauritius, Fiji, Suriname and Trinidad in the 19th century.
Full notes and 3 MCQs ›
Polity & Governance

3. Nyaya Setu AI Chatbot and Mascot Dishika Launched

  • Nyaya Setu AI Chatbot and its mascot Dishika were unveiled by the Vice-President and the Law and Justice Minister.
  • It comes under the DISHA programme: Designing Innovative Solutions for Holistic Access to Justice.
  • The chatbot supports 36 text languages and 23 voice languages, including tribal dialects.
  • Its answers are trained on the Bharatiya Nyaya Sanhita, which replaced the IPC.
Full notes and 3 MCQs ›

Banking & Finance

Economy

5. NSE-IGX Natural Gas Derivatives: GIXI-Based Contracts

  • NSE and Indian Gas Exchange (IGX) will launch India's first exchange-traded natural gas derivatives linked to domestic delivery.
  • The contracts will use GIXI, IGX's benchmark price index, as the reference.
  • Power, fertilizer and ceramics industries get a tool to hedge gas price risk.
  • The move supports the goal of lifting gas in India's primary energy mix from about 6% to 15% by 2030.
Full notes and 3 MCQs ›
Banking & Finance

6. Account Portability: RBI’s PaSS Idea Under Payments Vision 2028

  • RBI proposed account portability so customers can change banks while keeping the same account number.
  • The idea sits in the Payments Switching Service (PaSS) framework of the Payments Vision 2028 document.
  • Customer inertia arises because salary, EMI and SIP instructions must be updated manually after a switch.
  • PaSS would act as central infrastructure that maps an account number to whichever bank currently holds it.
Full notes and 3 MCQs ›
Economy

7. RBI bans NDF contracts on the rupee for banks, rebooking barred

  • RBI barred Authorised Dealer banks from offering rupee Non-Deliverable Forward (NDF) contracts to residents and non-residents alike.
  • Cancelled derivative contracts cannot be rebooked; documentary proof of underlying exposure is now compulsory.
  • Banks may not deal with their own related entities in these contracts.
  • It follows an earlier order to unwind Net Open Positions above $100 million.
Full notes and 3 MCQs ›
Polity & Governance

8. Regulatory Impact Assessment: Why SEBI Rules Need It

  • India's securities rulebook has over 44 principal regulations, 13 statutory rules and more than 2,700 circulars.
  • The current draft Securities Markets Code reportedly leaves out a compulsory Regulatory Impact Assessment (RIA).
  • Experts propose a five-step RIA test, from clarity of the problem to post-implementation review.
  • SEBI circulars are delegated legislation and are not debated in Parliament, so RIA acts as a discipline check.
Full notes and 3 MCQs ›

Environment & Ecology

Environment & Ecology

9. Nagoya Protocol: India Issues 3,561 IRCCs, Over 56% Globally

  • India has issued 3,561 Internationally Recognized Certificates of Compliance, over 56% of all IRCCs worldwide.
  • The Nagoya Protocol (2010) is an add-on to the CBD and deals with just sharing of gains from genetic resources.
  • Access and benefit sharing rests on Prior Informed Consent, Mutually Agreed Terms and compliance.
  • India's framework runs through the Biological Diversity Act, 2002, the NBA in Chennai, State Biodiversity Boards and local BMCs.
Full notes and 3 MCQs ›

Defence & Security

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