Current Affairs 01 April 2026

Narendra Modi Launches Kaynes Semiconductor Plant in Gujarat, Boosting India’s Chip Industry.

• Narendra Modi inaugurated Kaynes Semicon Plant in Sanand, Gujarat on March 31, 2026.
• Strengthens India’s semiconductor ecosystem under the India Semiconductor Mission.
• Facility produces advanced components for EVs and electronics.
• Supports India’s goal to become a global tech manufacturing hub.

India’s 1st ritual gifting brand, Happy Jhappi, is launched by an IIM Lucknow alumnus.

• Happy Jhappi is India’s 1st ritual gifting DTC brand based in Noida.
• Founded by Nikhill Srivastavaa (IIM Lucknow alumnus); fully bootstrapped.
• Focuses on daily relationship-building rituals, not one-time gifting.
• Targets urban couples (25–40) seeking meaningful connections.
• Differentiates through emotion-led, habit-based gifting.
• Operates DTC-only with a brand-first, margin-first strategy.

Distribution of superior kerosene oil via PDS approved in 21 states and UTs.

• Govt allows SKO distribution under PDS in 21 states & UTs.
• Aimed at supporting household cooking and lighting amid energy concerns.
• Temporary measure (valid for 60 days).
• Limited distribution via designated fuel stations.
• Only for domestic use with safety norms in place.

Indian Army signs maiden GeM contract to procure telescopic handlers.

• Indian Army signs first-ever capital procurement via GeM.
• Procures 93 Telescopic Handlers from JCB India for ₹25.90 crore.
• Digital procurement speeds up delivery and ensures transparency.
• Enhances logistics, material handling, and operational readiness.

Payments Vision 2028 unveiled by RBI to strengthen digital transactions.

• RBI unveils Payments Vision 2028 to strengthen India’s digital payments ecosystem.
• Focus on user control, fraud liability, cyber resilience, and ease of business.
• Simplifies cross-border payments and improves MSME financing.
• Promotes tech innovation: AI integration, Payments Switching Service, DLEI, and modern payment instruments.