Daily Current Affairs – April 29, 2026

India's economy is poised to overcome global challenges as strong domestic fundamentals will provide resilience, a BoB report said. Industrial activity is set to remain steady, boosted by government initiatives and rising consumer demand, the report added. Key indicators like manufacturing PMI and GST collections have shown positive trends.

The Reserve Bank of India's Monetary Policy Committee is expected to hold interest rates steady this fiscal year. Economic growth concerns are seen as more pressing than inflation risks. Producers face higher costs, but consumer prices are contained. The government aims to reduce its fiscal deficit. Market borrowing will increase. The current account deficit is projected to widen.

This phase will decide the electoral fate of more than half a dozen Ministers of West Bengal government along with Chief Minister and party chairperson Mamata Banerjee

BJP has won over half of the total seats in the municipal corporations of Surendranagar, Jamnagar, Porbandar, Karamsad-Anand, Nadiad, Navsari, Vapi, Surat and Morbi.

The Reserve Bank of India's new Expected Credit Loss framework presents a recurring drag on bank profitability, not a one-time capital hit. Public Sector Undertaking (PSU) banks are more exposed due to unchanged provisioning floor rates, potentially impacting their return on assets. While some private banks have buffers, others face a sharper impact.

Despite a brutal Q4FY26 sell-off, the Qode Growth Fund outperformed its benchmark by over 14 percentage points. Fund Manager Rishabh Nahar details their disciplined strategy of quality and value investing, complemented by a systematic derivatives overlay, which effectively limited downside risks during the market correction.

Mumbai-based SafeGold claims to process 3.7 million transactions a day and about 1 tonne of gold a month across partner and direct channels, despite operating outside a dedicated regulatory framework for digital gold.

For the second time in two years, rates on the Real Time Market of the Indian Energy Exchange dropped to near-zero— ₹0.0003 per unit on the afternoon of 5 April—as excess solar power flooded the market even as demand dipped due to rains and thunderstorms in Delhi and other parts of northern India.

The academies are located in Rangpo (Sikkim), Doimukh (Arunachal Pradesh), Imphal (Manipur), Madankurklang (Meghalaya), Aizawl (Mizoram), and Dimapur (Nagaland)

A 19-member Indian contingent, comprising 10 players, three coaches, three support staff and three sparring partners, is representing the country at the prestigious global event