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Daily Current Affairs – 14 April, 2026

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    Ambedkar Jayanti

    Context

  • On April 14, India commemorates Ambedkar Jayanti, marking the 135th birth anniversary of Dr. BR Ambedkar.

    • About Dr. Bhim Rao Ambedkar

  • Early Life: Baba Saheb Dr. Bhim Rao Ambedkar was born on 14 April 1891.
  • He belonged to a Dalit (Scheduled Caste) family and faced severe caste discrimination.
  • Despite hardships, he excelled in education with strong determination.
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    Startup India Fund of Funds 2.0

    Context

  • The Government of India has notified Startup India Fund of Funds 2.0 (FoF 2.0) with a corpus of ₹10,000 crore to mobilize capital for startups.

    • What is Startup India Fund of Funds (FoF 2.0)?

  • It is a government-backed fund designed to indirectly invest in startups through SEBI-registered Alternative Investment Funds (AIFs).
  • Total corpus: ₹10,000 crore, to be deployed over 16th and 17th Finance Commission cycles.
  • It builds upon the earlier Fund of Funds for Startups (FFS 1.0) launched in 2016 under the Startup India Action Plan.
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    Subhas Chandra Bose: The Paradox of a Revolutionary’s Theory and Praxis

    In News

  • Recently, it has been highlighted that Subhas Chandra Bose moved from idealism to a practical, balanced approach combining moral vision with effective action.

    • Subhas Chandra Bose 

  • Early life: He was a major Indian nationalist leader in the freedom struggle against British rule.
  • He was born on 23 January 1897 in Cuttack, Odisha, and was an academically brilliant student who studied in Calcutta, later going to England to prepare for the Indian Civil Services (ICS).
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    Rising Vulnerability of India’s Middle Class

    Context

  • India has reduced income-based poverty, but widespread economic vulnerability and limited upward mobility persist, shifting the policy focus from poverty alleviation to income security and mobility.

    • Changing Approach to Welfare Measurement

  • Traditional poverty measures classify individuals as poor or non-poor based on a fixed income threshold.
  • The World Bank has proposed measuring welfare by assessing the distance from a reasonable standard of living.
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    EAM Addressed the 9th Indian Ocean Conference

    Context

  • The External Affairs Minister addressed the 9th Indian Ocean Conference, which was centered on the theme “Collective Stewardship for Indian Ocean Governance.”

    • EAM Highlighted Five Key Priorities for Indian Ocean Nations:

  • Need for Stability: The Indian Ocean is not merely a geographic space but a living ecosystem that sustains economies, livelihoods, connectivity, resources and shared cultural heritage.
  • He warned that any disruption to this interconnected system has far-reaching consequences, underscoring the need for stability and careful stewardship.
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    News In Short 14-04-2026

    Context

  • The ruling political party has issued a three-line whip to all its MPs, urging them to remain present in their respective Houses during the extended Budget session of Parliament.

    • What is Whip?

  • A whip refers to an order to members of a party in the House to abide by a certain direction of the party.
  • Political parties issue whips to their MPs to either vote for or against the bill, depending on their party line.
    • Read More
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