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Buddha Relics Return to Ladakh After 75 Years; ATF Price Hiked for International Flights by $76.55; Rupee Hits 95.33/$

Target:UPSC GS-IMPSCTeachingSSC GABankingPrelims HighMains HighStatic GK Link
02 May 2026
~2 min
Source: Indian Express
Key Data:95.33 rupees per dollar12% depreciation in 12 months$76.55 per kl ATF hike75 years376 passengers7.3 lakh tourists
Bodies:Election Commission of IndiaOil Marketing Companies (OMCs)Indian Oil Corporation (IOC)Federation of Indian Airlines (FIA)Ladakh Buddhist Association
Practice MCQs from today's news ▸
What This Article Covers

1.Union Home Minister Amit Shah presided over the return of sacred Buddha relics to Ladakh after 75 years, highlighting the region's role as a corridor for Buddhist thought to China.

2.Oil Marketing Companies (OMCs) hiked ATF prices for international flights by $76.55 per kl, while keeping domestic flight ATF unchanged, leading to a 55-60% share of airline operational costs.

3.The Indian rupee depreciated by 12% over 12 months to hit 95.33/$, raising concerns of a return to the 'Fragile Five' scenario of 2013 driven by current account deficit and capital flow reversals.

The Big Picture
Prelims · HighMains · High

This compilation covers multiple high-yield news items for exam preparation. Key highlights include the historic return of Buddha relics to Ladakh after 75 years, a differential hike in Aviation Turbine Fuel prices, India-Bangladesh visa normalization, and the rupee's sharp depreciation to 95.33/$. Each topic is directly linked to the UPSC syllabus, offering factual data and analytical angles for both Prelims and Mains.

Exam Lens

Quick Exam Facts From News

Rupee Depreciation (12 months)12%
Current Rupee/USD Rate95.33
ATF Price Hike (Intl. Flights)$76.55 per kl
ATF Share of Airline Costs55-60%
Buddha Relics Return Period75 years
Komagata Maru Passengers (1914)376 Indians
Indian Tourists (Buddhist-linked, 2024)7.3 lakh

1-Minute Revision

  • ›Rupee Depreciation (12 months): 12%
  • ›Current Rupee/USD Rate: 95.33
  • ›Target this Data: Rupee depreciation of 12% in 12 months to 95.33/$.
  • ›Target this Nodal Body: Oil Marketing Companies (OMCs) like Indian Oil Corporation (IOC) determine ATF pricing.
  • ›Target this Legal Point: The 'continuous journey regulation' of 1908 used to deny entry to Komagata Maru passengers.

Mastered this topic? Test your knowledge with a full MCQ quiz.

Practice exam-style questions, track your score, and strengthen your recall.

Q1Static LinkageEasy

The return of Buddha relics to Ladakh is associated with promoting Buddhist tourism. Under which central scheme have Buddhist tourism projects been sanctioned?

Q2Statement-basedHard

Consider the following statements regarding the Komagata Maru incident of 1914:

1. It involved a Japanese steamship carrying Indian passengers who were denied entry into Canada.

2. The incident was a direct result of Canada's 'Continuous Journey Regulation' introduced in 1908.

3. The local 'Shore Committee' that supported the passengers was formed by the British authorities in Vancouver.

Which of the statements given above is/are correct?

Q3Data-centricMedium

According to the article, what was the approximate increase in Aviation Turbine Fuel (ATF) price for international flights effective May 1?

Q4Application/ImpactMedium

The sharp depreciation of the Indian rupee against the US dollar, as discussed in the article, is most reminiscent of which previous economic episode?

All 25 MCQs ▸
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