20 Jan 2026 | Daily Current Affairs

Nivolumab drug, proven against a range of cancers, may get much cheaper

Context
• Nivolumab (Opdivo) is the original cancer immunotherapy drug developed by Bristol Myers Squibb.
• Immunotherapy treats cancer by activating the body’s immune system instead of directly killing cancer cells like chemotherapy.
• Delhi High Court ruling allows Indian companies to make biosimilar versions of Nivolumab.
• This is expected to significantly reduce costs and improve access.

India signs Letter of Intent to elevate defence ties with UAE

Context
• India and UAE signed a Letter of Intent to upgrade ties into a Strategic Defence Partnership during the UAE President’s visit to India.
• The move comes amid security tensions in the Gulf region.

Letter of Intent (LoI)
• A non-binding document.
• Shows mutual intent and political commitment.
• Acts as a step towards a formal agreement.

Key Data
• Target to raise India–UAE trade to $200 billion by 2032.
HPCL–ADNOC LNG deal: 0.5 MMTPA for 10 years from 2028.
• Separate space cooperation LoI also signed.

PYQ – 2023 ( Ans: C )

Kakinada will be ‘Green Hydrogen Valley of India’: CM

Context
• Andhra Pradesh CM N. Chandrababu Naidu declared Kakinada as the “Green Hydrogen Valley of India.”
• Announcement followed the foundation stone laying of a large green hydrogen and green ammonia production complex in Kakinada.
• Project aims to produce green ammonia mainly for export, especially to Europe (Germany).

What is Green Hydrogen?
• Hydrogen produced using renewable energy (solar/wind) through electrolysis of water.
• No carbon emissions during production.
• Used as a clean fuel in industries, transport, and for making green ammonia.

What is Green Ammonia?
• Ammonia produced using green hydrogen instead of fossil fuels.
• Carbon-free production process.
• Used as fuel, fertiliser, and for easy storage and transport of hydrogen.

PYQ – 2023 ( Ans: C )
PYQ – 2023 ( Ans: C )

Include digital currency link on BRICS agenda: RBI to govt

Context
RBI has suggested that linking digital currencies of BRICS countries be included in the 2026 BRICS Summit agenda.
• Aim: Faster and cheaper cross-border payments through digital currencies.

Central Bank Digital Currency (CBDC)
• Digital form of sovereign currency issued by a central bank.
• Legal tender and direct liability of the central bank.
• Can be used for payments and settlements like cash.

India’s e-Rupee
• India’s CBDC, issued by the RBI.
• Digital version of the Indian Rupee (₹).
• Launched in 2022; functions as digital cash.

Current Status
• Retail e-Rupee has attracted millions of users since launch.
• Still in pilot mode, with gradual expansion.

PYQ – 2023 ( Ans: C )

Priority Sector Lending

Context
RBI has tightened and clarified Priority Sector Lending (PSL) norms to improve transparency, prevent misuse, and strengthen oversight over bank lending.

What is Priority Sector Lending (PSL)?
• RBI-mandated framework under which banks must lend a specified portion of credit to socially and economically important sectors.

Adjusted Net Bank Credit (ANBC)
• ANBC = Net Bank Credit + eligible investments + certain off-balance-sheet exposures (as defined by RBI).
• Used as the base to calculate PSL targets.

Major Sectors under PSL in India
• Agriculture
• Micro, Small and Medium Enterprises (MSMEs)
• Export Credit
• Education
• Housing
• Social Infrastructure
• Renewable Energy
• Weaker Sections

PYQ – 2013 ( Ans: D )
PYQ – 2023 ( Ans: B )
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