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PCS ParikshanUttar Pradesh Switch to Hindi
PM Inaugurates 72nd National Volleyball Tournament
Why in News?
Prime Minister Narendra Modi inaugurated the 72nd National Volleyball Tournament at Varanasi, Uttar Pradesh.
Key Points
- Date & Venue: Inauguration took place on 4 January 2026 from Varanasi, UP.
- Participation: Teams from 28 states representing a wide participation.
- Governing Body in India: Volleyball Federation of India (VFI).
- PM’s Remarks: Highlighted team spirit, coordination, and collective responsibility as key to success.
- Sports Development Focus: Emphasised India’s improving performance in sports, with focus on athlete‑centric programmes and infrastructure.
- Future Outlook: PM noted efforts towards 2030 Commonwealth Games and aspirations to host the 2036 Olympics in India.
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National Current Affairs Switch to Hindi
Vice-President Launched Book “Sing, Dance and Lead
Why in News?
The Vice-President of India, C. P. Radhakrishnan, launched the book “Sing, Dance and Lead: Leadership Lessons from the Life of Srila Prabhupada” at an event held in New Delhi.
Key Points
- Author: The book is authored by Hindol Sengupta.
- Focus: Value-based leadership.
- Philosophy: Emphasises ethical leadership, moral clarity, service orientation, and inner discipline.
- Inspirational Figure: Draws leadership lessons from the life of A. C. Bhaktivedanta Swami Prabhupada, founder of ISKCON.
- Key Message: Leadership should be inclusive, joyful, and rooted in humility, rather than authority.
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National Current Affairs Switch to Hindi
Delhi Government Signs MoU with RBI
Why in News?
The Delhi Government signed a Memorandum of Understanding (MoU) with the Reserve Bank of India (RBI) to enhance financial governance and fiscal management for the National Capital Territory of Delhi.
Key Points
- RBI Role: The agreement enables the RBI to act as the official banker, debt manager, and financial agent for the Delhi Government.
- Functions Under MoU: RBI will manage market borrowings through State Development Loans (SDLs), automatic investment of surplus cash, professional cash management, and access to low‑cost liquidity facilities.
- Capital Expenditure: Funds raised through market borrowings will be used exclusively for capital expenditure, with priority areas including Yamuna rejuvenation, water supply, transport, and health infrastructure.
- Historic Reform: Chief Minister Rekha Gupta described the MoU as a historic correction in Delhi’s financial governance that will end years of ad‑hoc and costly financial practices.
- Benefit: By integrating the RBI’s systems, the Delhi Government can now raise funds at competitive market rates and use surplus funds efficiently.
- Fiscal Discipline: The move is expected to strengthen fiscal discipline, transparency, and long‑term financial sustainability of the Delhi Government’s finances.
