13 April 2026 · Daily Current Affairs

Banking and RBI

RBI sets redemption price for SGB 2019-20 Series-V at Rs 15,009

13 April 2026 | Reserve Bank of India press release 2026-2027/81

On 13 April 2026 the RBI announced that the redemption price for premature redemption of Sovereign Gold Bond (SGB) 2019-20 Series-V, due on 15 April 2026, is Rs 15,009 per unit. The bond was issued on 15 October 2019.

Under the SGB scheme, premature redemption is permitted after the fifth year from the date of issue, on a date when interest is payable. The price is the simple average of the closing price of gold of 999 purity of the previous three business days, as published by the India Bullion and Jewellers Association Ltd (IBJA). Here those days were 9 April, 10 April and 13 April 2026.

Exam takeaway: SGB premature redemption is allowed only after five years from issue.

Quick revision: SGB 2019-20 Series-V: redemption price Rs 15,009 on 15 Apr 2026.

Economy and Finance

Startup India Fund of Funds 2.0 notified with Rs 10,000 crore corpus

13 April 2026 | Press Information Bureau (DPIIT)

The government notified the Startup India Fund of Funds 2.0 (Startup India FoF 2.0) with a total corpus of Rs 10,000 crore to mobilise venture and growth capital for startups, PIB said on 13 April 2026. It builds on the Fund of Funds for Startups (FFS 1.0), launched in 2016 under the Startup India Action Plan.

The corpus is for commitments to eligible Alternative Investment Funds (AIFs) across the 16th and 17th Finance Commission cycles. Priority segments are deep tech startups, early growth stage startups backed by smaller AIFs, technology-driven and innovative manufacturing startups, and sector or stage agnostic startups.

AIFs will be selected through a Venture Capital Investment Committee (VCIC) of startup ecosystem veterans, and an Empowered Committee will monitor implementation. DPIIT will issue the operational guidelines and the VCIC composition.

Exam takeaway: A Fund of Funds invests in other funds, here AIFs, which in turn invest in startups.

Quick revision: Startup India FoF 2.0: Rs 10,000 crore corpus; AIF route.

Appointments, Awards and Important Days

Pirojsha Godrej named Chairperson Designate of Godrej Industries Group

13 April 2026 | The Hindu

Godrej Industries Group announced on Monday, 13 April 2026, that Nadir Godrej, Chairperson of the Group, will retire on turning 75 in August 2026 and become Chairman Emeritus, The Hindu reported. Pirojsha Godrej, 45, son of Adi Godrej, has been named Chairperson Designate and will succeed his uncle as Chairperson of the Group and of Godrej Industries Ltd from 14 August 2026.

He will continue as Chairperson of Godrej Properties, Godrej Capital and Godrej Ventures. Nadir Godrej will step down from the boards of Godrej Industries, Godrej Agrovet, Godrej Consumer Products and Godrej Properties in August 2026.

Exam takeaway: Chairperson Designate means he takes the post on the stated future date.

Quick revision: Godrej Industries Group: Pirojsha Godrej to be Chairperson from 14 Aug 2026.

Appointments, Awards and Important Days

Appointments Committee clears 48 Joint Secretary level appointments

13 April 2026 | Reported by IANS

IANS reported on 13 April 2026 that the Appointments Committee of the Cabinet approved 48 officers for Joint Secretary or equivalent posts in ministries including Civil Aviation, Defence, Agriculture, Home, Petrochemicals and Shipping and Ports, with pay at Level 14 of the pay matrix.

Among them, Hardik Satishchandra Shah, IAS (Gujarat 2010), was named Private Secretary to the Prime Minister at Joint Secretary level, and Kapil Meena, IAS (2010 batch), was appointed Managing Director of the National Horticulture Board.

Exam takeaway: The Appointments Committee of the Cabinet decides senior civil service postings.

Quick revision: ACC: 48 Joint Secretary appointments; Hardik Shah PS to PM.