14 May 2026 | Daily Current Affairs

Gold Import Duty Hiked Amid West Asia Crisis and CAD Concerns

Context: Gold Import Duty
The Centre doubled the effective import duty on gold and silver imports from ~9.2% to ~18.4% amid West Asia tensions, rising crude oil prices, and concerns over India’s Current Account Deficit (CAD).

Duty Changes

  • Basic Customs Duty (BCD): 5% → 10%
  • Agriculture Infrastructure and Development Cess (AIDC): 1% → 5%
  • Integrated Goods and Services Tax (IGST): 3% unchanged
  • Effective import tax: ~9.2% → ~18.4%

Why Duty Increased?

  • Reduce Current Account Deficit (CAD)
  • Protect foreign exchange reserves and rupee
  • Discourage non-essential imports
  • Rising crude oil prices may increase import bill

Current Account Deficit (CAD)

  • CAD occurs when a country’s imports exceed exports of goods, services, and transfers.
  • Higher gold and crude oil imports widen CAD.

Government’s Priority Imports

Foreign exchange resources to be used for:

  • Crude oil
  • Fertilisers
  • Defence needs
  • Critical technologies
  • Capital goods

Concerns

  • May increase gold smuggling
  • Jewellery sector employment may be affected
  • Gold demand in India is culturally driven
PYQ -2011, Ans – D

Central Bureau of Investigation Director Tenure Extended by Centre

Context: Central Bureau of Investigation
The Centre extended the tenure of Central Bureau of Investigation (CBI) Director Praveen Sood by one year beyond May 2026.

Central Bureau of Investigation

  • India’s premier central investigative agency.
  • Established through a 1963 Resolution of the Ministry of Home Affairs.
  • Not a statutory body as it has no separate CBI Act.
  • Functions under the Department of Personnel and Training (DoPT).

Legal Basis

CBI derives investigative powers from:

  • Delhi Special Police Establishment (DSPE) Act, 1946

Powers include:

  • Investigation
  • Arrest
  • Search and seizure
  • Generally requires state consent for investigation in states.

Functions

  • Anti-corruption cases
  • Economic and banking frauds
  • Special crimes
  • INTERPOL coordination in India

Appointment of CBI Director

Selection Committee:

  1. Prime Minister
  2. Leader of Opposition in Lok Sabha
  3. Chief Justice of India (CJI) or nominated Supreme Court judge

Appointment approved by:

Tenure

  • Minimum tenure: 2 years
  • Extendable yearly up to 5 years total tenure

Coal Gasification Push Approved by Cabinet to Reduce Imports

Context: Coal Gasification
The Union Cabinet approved a ₹37,500 crore package to promote coal gasification and reduce import dependence on fuels, fertilisers, and chemicals.

Coal Gasification

  • Coal converted into Syngas (Synthetic Gas) using oxygen/steam.
  • Syngas mainly contains Carbon Monoxide (CO) + Hydrogen (H₂).

Uses

  • Urea
  • Ethanol
  • Ammonia
  • Synthetic Natural Gas (SNG)
  • Dimethyl Ether (DME)
  • Hydrogen
  • Industrial fuel

Why Important?

  • Reduces imports of Liquefied Natural Gas (LNG), urea, methanol, ammonia, coking coal etc.
  • Import bill of such products: ~₹2.77 lakh crore (FY2025)

Improves:

  • Energy security
  • Fertiliser security
  • Forex savings

Scheme Highlights

  • Total package: ₹37,500 crore
  • Target: 75 Million Tonnes (MT) coal/lignite gasification
  • National target: 100 MT by 2030

Incentive

  • Up to 15–20% of project cost
  • ₹5,000 crore/project
  • ₹9,000 crore for SNG/urea projects
  • ₹12,000 crore/entity cap
PYQ – 2025, Ans – B

Sugar Export Ban Extended Till September Amid Supply Concerns

Context: Sugar Export Ban
Amid the West Asia crisis and inflation concerns, the Government banned export of raw, white, and refined sugar till September 30 to ensure domestic supply and protect foreign exchange reserves.

Why Export Ban?

  • Rising crude oil and shipping costs
  • Fear of weak monsoon and lower sugar output
  • Inflation and food security concerns
  • Strait of Hormuz disruptions affecting energy trade

Sugar Stock Position

  • Production (2025-26): ~275 lakh tonnes
  • Opening stock: 50 lakh tonnes
  • Domestic demand: 280 lakh tonnes
  • Expected closing stock: 45 lakh tonnes, lowest since 2016-17

Directorate General of Foreign Trade (DGFT): Basics

Functions/Powers of DGFT

  • Implements Foreign Trade Policy (FTP)
  • Regulates exports/imports
  • Imposes export-import restrictions/licences

Important Facts

Largest sugar producers:

  • Brazil
  • India
  • China

Largest sugar exporters:

  • Brazil
  • Thailand
  • India

Largest sugarcane producers:

  • Brazil
  • India
  • China

India’s top sugar and sugarcane-producing state:

  • Uttar Pradesh

Polycystic Ovary Syndrome May Be Renamed as PMOS

Context: Polycystic Ovary Syndrome
The Endocrine Society proposed renaming Polycystic Ovary Syndrome (PCOS) as Polyendocrine Metabolic Ovarian Syndrome (PMOS) to better reflect its hormonal + metabolic nature.

Terms

  • Polycystic Ovary Syndrome (PCOS): Name mainly focuses on ovarian cysts.
  • Polyendocrine Metabolic Ovarian Syndrome (PMOS): Focuses on endocrine hormonal, metabolic, and ovarian dysfunction together.

Disease & Data

  • Affected population: ~170 million women globally
  • Undiagnosed cases: Up to 70%

Symptoms:

  • Irregular menstruation
  • High androgen levels
  • Acne
  • Excess hair growth
  • Infertility

Associated diseases:

  • Obesity
  • Type-2 Diabetes Mellitus
  • Hypertension
  • Endometrial cancer

Why Renaming Matters?

  • Many patients do not have ovarian cysts.
  • Current name may delay diagnosis and reinforce stigma.
  • New term may improve early diagnosis, awareness, and holistic treatment.
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