Find the current affairs of 29 April 2026. Stay updated with the most important news and events that have occurred on this day. Our daily current affairs updates are carefully curated by GK and Current Affairs experts, ensuring that you receive accurate and relevant information to enhance your competitive exam preparation.
Each update is designed to provide you with a comprehensive overview of the day’s key happenings, including political developments, economic news, technological advancements, and significant social events.
Additionally, we offer a free PDF download of the day’s current affairs, allowing you to easily access and revise the information offline.
Highlights of Current Affairs 29 April 2026
- India’s fuel pricing system is under stress due to global crude price rise, rupee depreciation, and West Asian tensions, highlighting the need for a transparent rules-based mechanism.
- Fuel pricing evolved from the Administered Pricing Mechanism (1975–2002) to full deregulation (petrol–2010, diesel–2014) and daily dynamic pricing (since 2017) linked to global markets.
- Current issues include financial stress on Oil Marketing Companies (OMCs), lack of transparency in price components, and distortion due to political interference.
- A rules-based framework is crucial as India imports 85–90% of crude oil, making it highly vulnerable to global shocks and inflationary pressures.
- India and New Zealand signed a landmark Free Trade Agreement (FTA) aiming to double trade to $5 billion in 5 years with major tariff liberalisation and FDI commitments.
- The FTA protects Indian farmers by excluding sensitive items like dairy, while also promoting mobility (5,000 work visas) and recognition of AYUSH systems.
- Growing China–Pakistan space cooperation (satellites, BeiDou navigation, human spaceflight) poses strategic and surveillance challenges for India, including a potential two-front threat.
- India’s response includes strengthening NavIC, space-based surveillance (52 satellites by 2029), and partnerships like the Artemis Accords.
- India’s space sector is rapidly expanding, with private investment crossing $600 million and 400+ startups, supported by policies like the Indian Space Policy 2023 and institutions like IN-SPACE.
- Ministry of Statistics and Programme Implementation proposed the Index of Service Production (ISP) to track service-sector output monthly, improving policymaking despite gaps like exclusion of the informal sector.
Download Free PDF of Current Affairs 29 April 2026
Practice Current Affairs Quiz & MCQ of 29 April 2026
29 April 2026 Current Affairs Quiz