Daily Current Affairs - 4th April 2026

These flashcards cover critical terms and concepts related to banking, finance, business, and recent developments as discussed in the lecture notes.

Floating Rate Bond 2028

A bond issued by the Government of India with an interest rate that is reset periodically based on market conditions; currently fixed at 6.17%.

National Savings Certificate (NSC)

A savings instrument provided by the Government of India that offers fixed interest rates which the Floating Rate Bond 2028 is linked to.

Unified Payments Interface (UPI)

A real-time payment system developed by the National Payments Corporation of India, facilitating digital payment transactions.

Domestic Systemically Important Insurers (D-SIIs)

Insurers designated by the Insurance Regulatory and Development Authority of India as critical to the financial system due to their size and interconnectedness.

Indian Accounting Standards (Ind AS)

A set of accounting standards notified by the Ministry of Corporate Affairs in India, which insurers are required to adopt from April 2026.

Subscriber Identity Module (SIM) binding

A requirement for Over-The-Top platforms to link their applications to a mobile number to enhance user verification and security.

Sustainable Development Goal (SDG) Dashboard

A centralized data platform developed by the Ministry of Statistics and Programme Implementation to monitor progress on Sustainable Development Goals in India.

Coal Gasification

A process that converts coal into synthesis gas (syngas) for producing chemicals, fuels, and fertilizers.

Artificial Intelligence Curriculum

A framework launched by the Central Board of Secondary Education for Classes III to VIII, focusing on teaching computational thinking and AI skills.

International Day for Mine Awareness

An observance on April 4 that highlights efforts to support mine action activities globally to ensure safety and public health.