Who has been appointed as President of Nissan India in January 2026?

Daily Current Affairs Quiz 13th January, 2026 Check Important Questions Here |

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Daily Current Affairs: 13 January, 2026

Q1. The Pension Fund Regulatory and Development Authority (PFRDA) has constituted a high-level committee to frame guidelines and regulations for introducing a framework for assured payouts under the National Pension System (NPS). Who has been appointed as the Chairperson of this high-level committee for structured pension payouts?

(a) Urjit Patel
(b) Raghuram Rajan
(c) Dr. M. S. Sahoo
(d) Ajay Tyagi
(e) N. S. Vishwanathan

Answer: c

Solution:

The Pension Fund Regulatory and Development Authority (PFRDA) has constituted a high-level committee to frame guidelines and regulations for introducing a framework for assured payouts under the National Pension System (NPS).
The initiative is in line with the provisions of the PFRDA Act and aims to enhance retirement income security for NPS subscribers.

Committee Leadership & Composition

The committee is chaired by Dr. M. S. Sahoo, Founder of Dr. Sahoo Regulatory Chambers and former Chairperson of the Insolvency and Bankruptcy Board of India (IBBI).
The 15-member committee comprises experts from law, actuarial science, finance, insurance, capital markets, and academia.
The committee is also empowered to invite external experts and intermediaries as special invitees to obtain wider feedback.

Key Objectives & Terms of Reference

The committee will function as a standing advisory committee on structured pension payouts.
Its major mandates include:
- Framework Development: Drafting regulations for assured payouts, including schemes mentioned in the PFRDA consultation paper dated 30 September 2025.
- Seamless Transition: Ensuring smooth movement from the accumulation phase to the decumulation (payout) phase.
- Market-Based Assurance: Examining novation and settlement mechanisms to ensure legally enforceable guarantees.
- Operational Design: Defining lock-in periods, withdrawal limits, pricing models, and fee structures.
- Risk & Legal Oversight: Establishing capital adequacy, solvency norms, and assessing tax implications without forcing exit from the NPS framework.
- Consumer Protection: Creating standardised disclosure norms to prevent mis-selling and manage subscriber expectations regarding assured and market-linked returns.

Q2. In the official list of outcomes released following the delegation-level talks between PM Narendra Modi and Chancellor Friedrich Merz in January 2026, which city was designated for the opening of a new Honorary Consul of Germany to strengthen cultural and people-to-people ties?

(a) Gandhinagar

(b) Bengaluru

(d) New Delhi

(e) Ahmedabad

Answer: e

Solution:

During the official visit of German Chancellor Friedrich Merz to India (January 12–13, 2026), the opening of a new Honorary Consul of Germany was announced in Ahmedabad, Gujarat.
This announcement was part of a broader set of 27 agreements and outcomes aimed at deepening cultural and people-to-people ties between the two nations, coinciding with the 75th anniversary of their diplomatic relations.

Q3. Alyssa Healy, who recently announced her retirement from all forms of international cricket ahead of the ICC Women’s T20 World Cup 2026, belongs to which of the following countries?

(a) England

(b) Australia
(c) New Zealand
(d) South Africa
(e) Ireland

Answer: b

Solution:

Alyssa Healy, captain of the Australian Women’s cricket team, has announced her retirement from all forms of international cricket.
The announcement was made ahead of the ICC Women’s T20 World Cup 2026.
The 35-year-old cricketer revealed her decision during a podcast, citing mental fatigue and recurring injuries as the primary reasons.
Alyssa Healy confirmed that the home series against India (February–March) will be her final international assignment for Australia.
Regarded as one of the most successful players in women’s cricket, Healy is an eight-time World Cup winner.
She has been a key contributor to Australia’s dominance across formats over the years.

Q4. India’s retail inflation, as measured by the Consumer Price Index (CPI), showed a marginal uptick in December 2025 compared to November 2025. What was the CPI inflation rate recorded in December 2025?

(a) 0.71%
(b) 1.03%
(c) 1.33%
(d) 2.00%
(e) 2.60%

Answer: c

Solution:

India’s retail inflation, measured by the Consumer Price Index (CPI), stood at 1.33% in December 2025, marginally higher than 0.71% in November 2025.
Food inflation remained negative at –2.71%, marking the seventh consecutive month of year-on-year decline in food prices.
Although still in the negative zone, food inflation was higher than –3.91% recorded in November, indicating some price firming.
Core inflation (excluding food and fuel) remained contained; excluding gold prices, it moderated to 2.6% in October.
Improved food supply conditions, including higher kharif output, healthy rabi sowing, adequate reservoir levels, and favourable soil moisture, along with easing global commodity prices, are expected to keep inflation stable.

Q5. The Reserve Bank of India has issued the Foreign Exchange Management (Guarantees) Regulations, 2026 to regulate guarantees involving which of the following?

(a) Only government-owned entities
(b) Persons resident outside India

Answer: b

Solution:

The Reserve Bank of India (RBI) has notified the Foreign Exchange Management (Guarantees) Regulations, 2026, laying down a comprehensive regulatory framework for guarantees involving persons resident outside India.
RBI has directed all Authorised Dealer Category-I (AD-I) banks to comply with the new regulations while facilitating guarantees and to adhere to guidelines issued by the Department of Regulation.
The regulations require mandatory and comprehensive reporting of all guarantees that are issued, modified, or invoked by AD banks, in the prescribed format.
RBI clarified that the manner and format of reporting will be communicated separately.
With the issuance of the new regulations, the earlier A.P. (DIR Series) circulars listed in the annexure have been superseded.
RBI has discontinued quarterly reporting of guarantees issued for Trade Credit, effective from the quarter ending March 2026.
Consequential amendments have been made to guarantee-related provisions in several Master Directions, including:
- External Commercial Borrowings (ECB)
- Trade Credits
- Export and Import of Goods and Services
- FEMA, 1999 reporting directions
Authorised Dealer banks have been instructed to inform their customers about the contents of the circular.
The directions have been issued under the provisions of the Foreign Exchange Management Act (FEMA), 1999.