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UPSC current affairs · Friday

Current Affairs, 17 April 2026

3 issues picked from 47 PIB releases · about 2 minutes each · written by UPSC Grade, each fact checked against its PIB release or by a second model

How to readRead “Why in news” and “What it is” for every issue. Open For Prelims or For Mains for the exam you’re preparing for, then Test yourself at the foot of each card. Half the news questions in Prelims are answered from background, not the news itself.

In 60 seconds

  1. River Basin Management (RBM) Scheme. River Basin Management Scheme continues to 2030–31 with ₹2183 crore, focusing on North East and Indus basins.
  2. Companies (Incorporation) Rules, 2014. MCA seeks public comments on draft incorporation rule changes and a simpler Companies Act filing framework.
  3. Advance Authorisation and DFIA Schemes. Commerce Ministry strengthens DGFT Norms Committees to speed up Advance Authorisation approvals for exporters.
1

Scheme

River Basin Management (RBM) Scheme

GS3 Water resourcesGS2 Government schemesPrelims and Mains

Why in news
On 17 April 2026, PIB explained the River Basin Management Scheme, which is proposed to continue in 2026–27 to 2030–31 with an outlay of ₹2183 crore.
What it is
The River Basin Management (RBM) Scheme is a central sector scheme of the Department of Water Resources, River Development and Ganga Rejuvenation, Ministry of Jal Shakti. It supports basin-level planning, surveys, investigation and Detailed Project Reports for surface and groundwater projects. It works through the Brahmaputra Board, the Central Water Commission and the National Water Development Agency.
Type and ministry
RBM is a central sector scheme of the Department of Water Resources, River Development and Ganga Rejuvenation, Ministry of Jal Shakti.
Implementing bodies
It is implemented through the Brahmaputra Board, the CWC and the NWDA.
Priority basins
CWC prioritises DPR preparation in the Indus, Brahmaputra, Barak and Teesta basins.
Brahmaputra Board work
The Board does anti-erosion work such as protecting Majuli Island, drainage development and raised platforms in flood-prone areas.

Don’t confuse with RBM Scheme vs National River Linking Project: RBM funds NWDA's studies and reports for river linking; it does not build the links itself.

Don’t confuse with Brahmaputra Board vs Central Water Commission: The Board plans and manages floods in the North East; the CWC prepares DPRs across the priority basins.

Schemes: 52 Prelims questions since 2013, 10 in Prelims 2026 alone. They test features, the period and who funds it. In Mains, 33 news-triggered questions, mostly GS3.

Test yourself

Worth revising until Prelims 2027: most news questions come within two years of the event.

2

Law and statutory body

Companies (Incorporation) Rules, 2014

GS3 Economy · Corporate regulationPrelims and Mains

Why in news
On 17 April 2026, the Ministry of Corporate Affairs invited public comments on a draft Companies (Incorporation) Amendment Rules, 2026 (public notice of 8 April 2026). It also opened a separate consultation on simplifying filings under the Companies Act, 2013.
What it is
The Companies (Incorporation) Rules, 2014 are subordinate rules made under the Companies Act, 2013. They set out procedures for forming a company, such as name reservation and registration documents. The Ministry of Corporate Affairs amends them from time to time, usually after draft publication and public consultation.
Draft notification
The draft is titled the Companies (Incorporation) Amendment Rules, 2026. It proposes changes to the 2014 Rules.
Comment deadline for draft rules
Comments with brief justification go through the MCA e-Consultation Module by 9 May 2026.
Role of IICA
MCA is running a consultation on the filing and compliance framework through the Indian Institute of Corporate Affairs.
Legal basis
The Rules are delegated legislation under the Companies Act, 2013, administered by the Ministry of Corporate Affairs.

Don’t confuse with Companies Act, 2013 vs Companies (Incorporation) Rules, 2014: The Act is the parent law passed by Parliament. The Rules are subordinate legislation made by the Central Government under it, and can be amended by notification.

Laws, judgments and statutory bodies: 30 Prelims questions since 2013 (what the law says, who chairs, legal basis). In Mains, 44 news-triggered questions, most in GS2, asking for provisions and challenges.

No practice question for this one; the card may still help an answer. Why: Draft amendment under Companies Act, 2013 is a lasting regulatory topic, but a consultation notice has few testable facts; laws drew 23 of 327 Prelims questions.

Worth revising until Prelims 2027: most news questions come within two years of the event.

3

Scheme

Advance Authorisation and DFIA Schemes

GS3 Economy · Foreign tradePrelims and Mains

Why in news
On 17 April 2026, the Commerce Ministry announced reforms to Norms Committees under DGFT to clear pending Advance Authorisation applications faster. Technical members rose from 12 to 22.
What it is
The Advance Authorisation and Duty-Free Import Authorisation (DFIA) schemes let exporters import inputs duty-free if the inputs are physically incorporated in export products. DGFT runs them under the Foreign Trade Policy. Authorisations follow Standard Input Output Norms (SION), and sector-specific Norms Committees fix norms where none exist.
Administered by
DGFT runs both the Advance Authorisation and DFIA schemes under the Foreign Trade Policy.
What the schemes allow
Duty-free import of inputs that are physically incorporated in export products.
Basis of authorisation
Authorisations are generally issued against notified SION. Where SION is absent, self-declared norms are examined and finalised by Norms Committees.
Norms Committees
Seven are operational under DGFT. They include technical authorities and domain experts from relevant Ministries.
Capacity increase
Ten more technical members were nominated, raising Technical Authorities from 12 to 22.
Outcome
From January to 7 April 2026, 38 meetings took up 3,925 cases and disposed of 1,770.
No application or fee
Exporters need not apply or pay any composition fee.
Schemes covered
Applies to Advance Authorisation, including Annual Requirement and Special Advance Authorisation, and to EPCG.
Compliance check
DGFT Regional Authorities verify EO compliance when issuing the EODC, or at closure or regularisation.

Don’t confuse with Advance Authorisation vs DFIA: Both allow duty-free import of inputs for exports under DGFT. DFIA is a separate authorisation scheme, so do not treat the two names as the same thing.

Don’t confuse with SION vs ad-hoc norms: SION are notified standard norms. Ad-hoc norms are fixed by Norms Committees when no SION exists.

Don’t confuse with Advance Authorisation vs EPCG: Advance Authorisation covers duty-free import of inputs used in export products. EPCG covers import of capital goods against an export obligation.

Don’t confuse with EO extension vs composition fee: The new extension is automatic and free. The existing FTP route lets exporters seek extensions on paying a composition fee.

Schemes: 52 Prelims questions since 2013, 10 in Prelims 2026 alone. They test features, the period and who funds it. In Mains, 33 news-triggered questions, mostly GS3.

No practice question for this one; the card may still help an answer. Why: Duty-free import schemes under Foreign Trade Policy are lasting topics, but this is a procedural reform; UPSC rarely asks about it.

Worth revising until Prelims 2027: most news questions come within two years of the event.

Quick facts

  • Haj 2026 begins 18 April with 1,75,025 Indian pilgrims; a short Haj option of about 20 days is offered for the first time.
  • Over 55,200 startups were recognised in FY 2025-26, a record; total recognised startups crossed 2.23 lakh by 31 March 2026.
  • India and Austria launched a Fast-Track Mechanism for investment facilitation; it is the first visit by an Austrian Chancellor to India in over four decades.

Source: PIB, 17 Apr

What we left out: 41 of 47 releases
  • Speeches without a decision (3)
  • Ceremonies and tributes (2)
  • Training and routine MoUs (1)
  • Research study findings (2)
  • Conferences without a decision (2)
  • Routine cohort selection (1)
  • Routine administrative results (1)
  • Same issue as another release (4)
  • Review meetings and workshops (6)
  • Local enforcement incident (1)
  • Ceremonies and campaigns (2)
  • Competition winners felicitated (1)
  • Routine seizures data (1)
  • Routine MoUs (2)
  • Routine auction launches (1)
  • Local initiatives (1)
  • Briefings without a decision (1)
  • Ministerial claims and statistics (1)
  • Routine bilateral meetings (2)
  • Routine appointments (1)
  • Conference participation (1)
  • Routine enforcement actions (1)
  • Publication launches (1)
  • Condolence messages (1)
  • Same issue as on file (1)

Practise the day’s news

In UPSC’s formats, inside each issue. The answer and why come after you choose.

  1. 1River Basin Management (RBM) SchemeMCQ · 7 true or false

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