Dear Students,

This snippet is not just about fertiliser imports from China.

It shows India’s dependence on imported agricultural inputs and why global supply chains matter for farming, food security and inflation.

Read the quick decode below.

⚡ Chapterss Quick Decode | Episode 06

1. The Core Development: Fertiliser Imports from China Jumped Sharply

👉 India’s fertiliser imports from China increased by more than 173% in FY26, reaching 5.02 million tonnes. This is a sharp rise compared to the previous year and shows that China has become a much larger supplier of fertilisers to India.

👉 However, Russia remained India’s number one fertiliser exporter, supplying around 6.71 million tonnes in FY26.

2. What Does the Data Say?

👉 Among the top fertiliser exporters to India in FY26:
Russia supplied 6.71 million tonnes
China supplied 5.02 million tonnes
Saudi Arabia supplied 3.43 million tonnes
(There is no need to rote learn the data)

👉The snippet also shows a separate trade trend: Saudi Arabia and Iran remained among the major buyers of India’s basmati rice. This creates an interesting agriculture trade contrast: India imports key farm inputs like fertilisers from some countries, while exporting high-value agricultural products like basmati rice to others.

3. Must Read
Click Here to know the subsidy bill of fertilizers import in India - https://t.me/thechapterss/277

Chapterss Takeaway:
Fertiliser import data is important because it connects agriculture, global trade, input security, food inflation and farm productivity. The sharp rise in imports also shows that India is still not fully Atmanirbhar in critical agricultural inputs like fertilisers. For exams, always link fertiliser imports with India’s dependence on external suppliers for essential farm inputs.

Team Chapterss

Dear Future Officers,

Today at 4:00 PM, we will conduct the Current Affairs Weekly Revision Session covering 26th–31st March 2026.

As we all know, March 2026 is extremely important for the exam scheduled on 13th June 2026. So, make sure you revise the 4th week of March 2026 properly and do not leave any gaps in your preparation.

Join the session on time and revise with full focus.

Link: https://youtube.com/live/neJIYQjIYCQ?feature=share

For those looking for PDFs for revision:

• May CA Chapter (₹51) | Link: Click Here

• April CA Chapter (₹51)| Link: Click Here

• Complete CA Package (₹100) | Link: Click Here

-- Team Chapterss

Major Upload Alert

Dear Students,

Chapter 2 – Farming System and Cropping System for ARD is now heavily updated on the portal.

We have uploaded:

✅ 120 Objective Questions
✅ Foundation Notes
✅ Sample Descriptive Material
✅ Descriptive Quiz
✅ 4 Foundation Videos

👉 Revision Video and Revision notes will be updated in next 48 hours.

This chapter is now ready for your preparation
Learn and Practice, all in one place.

Study seriously. Revise smartly. Score better.
Those who wish to join - Click Here

Thank you!
Team Chapterss

Important Update 🚨

Dear Students,

Chapterss is adding 10 Current Affairs Sectional Tests for you.

Each test will include:

✅ 80 Questions
✅ 25 Minutes
✅ Exam-like Practice

Uploading will start from 29th May and will be completed by 7th June.

Available for students enrolled in:

✅ Current Affairs Package
✅ Current Affairs Test Series

Out of 10 tests:

✅ 5 Fresh Tests from already shared CA material
✅ 5 Revision Tests from the most important existing questions

More practice. Better revision. Faster recall.

Those who wish to join Test Series – Click Here
or
Those who wish to join CA Package – Click Here

Thank you!
Team Chapterss

Message of Mentor (MoM)
Topic: You Deserve to Be Here

Dear Students,

Sometimes, even after working hard, we feel:

“Am I really good enough?”
“Maybe others are better than me.”
“What if I fail after coming this far?”

This feeling is called imposter syndrome.

Recently, even Virat Kohli shared that he has felt this.

Think about it, if someone like Virat Kohli can doubt himself, then your self-doubt does not mean you are weak.

It only means you are standing at a serious stage of your journey.

But today, remember one thing:

You have not come this far by luck.
You have come this far because you tried when it was difficult.
You studied when you were tired.
You continued when your confidence was low.

So, please stop treating yourself like an outsider in your own dream.

You deserve to sit for this exam.
You deserve to compete.
You deserve to win.

Doubt may come, but do not give it the final seat.

From today, tell yourself:

“I am not an imposter. I am a serious aspirant in the making.”

Good Night.
Team Chapterss

Be someone’s reason to believe again. Share this with someone who is feeling low today.

🌄 Good Morning, Future Officers!

Time for today’s Positive Manifestation ✨

Say to yourself:

Great things are on their way to me.

मेरे जीवन में अच्छा समय आने वाला है।

Repeat this 5 times with belief.
Stay focused. Stay consistent. Stay strong.

🚨 Daily Current Affairs Session Alert

Dear Students,
Today’s Daily Current Affairs Session will be conducted at 8:00 AM.

Make sure you join the class on time for complete, exam-focused coverage of important news for RBI, SEBI, NABARD, IRDAI, IFSCA, NPS & PFRDA.

Session link: https://youtube.com/live/6N1ka2bDeUI?feature=share

See you at 8 AM.
Team Chapterss

Dear Students,

A small message like this means a lot to us. ❤️

This is exactly what we are trying to build at Chapters, content that is researched, connected, simple, exam-oriented and enjoyable, especially for students from non-agriculture backgrounds.

Thank you for trusting Jalaj Sir and Chapterss.
We will keep working harder to make your preparation smoother, clearer and stronger.

Learning should feel connected, not complicated.

Team Chapterss

Another feedback that truly made our day ❤️

Thank you for trusting Devanshu Sir and the Chapterss approach towards Current Affairs

Dear Students,

We have uploaded the following articles in the Daily Editorial Coverage Course:

Article 1: UPI’s Second Decade – From Payments to Credit Access
What will you learn?
• Credit Line on UPI
• MSME Credit Gap
• Cash-flow Based Lending
• Role of NBFCs in Financial Inclusion

Article 2: Priority Sector Lending – Has RBI Failed?
What will you learn?
• Evolution of PSL in India
• Regional Credit Imbalance
• PSL Certificates (PSLCs)
• Rising PSL NPAs and Policy Concerns

Please read the editorials carefully, because they provide the exact exam-oriented context, keywords, data points, and way-forward structure needed for Phase 2 + Interview preparation.

Those who wise to join - Click here

Team Chapterss

Dear Students,

This snippet is not just about crypto or digital currency.

It also raises a common question many people ask: Why is RBI not allowing more innovation in the financial space?

Read the quick decode below.

Chapterss Quick Decode | Episode 07

1. The Core Development: RBI Questions Stablecoins

👉 RBI has said that stablecoins fail the core tests of money, while Central Bank Digital Currency, or CBDC, can offer similar digital efficiency without the same risks.
👉 In simple words, RBI is not against digital payments. RBI’s concern is with privately issued digital money-like instruments that may create risks for the monetary and payment system.

2. What Are Stablecoins?

👉 Stablecoins are crypto-assets whose value is usually linked to a stable asset, such as the US dollar. For example, one stablecoin may claim that 1 stablecoin = 1 US dollar.

👉 But the problem is that stablecoins are generally issued by private entities, not by a sovereign central bank. This creates questions around trust, regulation, convertibility, settlement and financial stability.

3. Why Does RBI Say Stablecoins Fail the Test of Money?

RBI says stablecoins fail three core tests of money: singleness, elasticity and integrity.

👉 Singleness means different forms of money should be smoothly convertible at par without confusion.
👉 Elasticity means the monetary system should be flexible enough to provide liquidity when needed.
👉 Integrity means payments should be safe, reliable and properly settled.

According to RBI, stablecoins may create fragmentation in the payment system and jurisdictional risks because they are privately issued and may not have sovereign backing.

4. Why Is CBDC Seen as Safer?

👉 CBDC is digital currency issued by the central bank. So, unlike stablecoins, CBDC is backed by sovereign guarantee. It preserves the singleness of money, supports central bank control over liquidity and avoids the fragmentation risk linked with private stablecoins.

That is why RBI sees CBDC as a safer digital money option.

5. UPI Angle: India’s Digital Payment Strength

The report also highlights that UPI’s share in total payment volume increased to 85.5%. This shows that India already has a strong digital payment ecosystem through regulated platforms like UPI.

So, RBI’s broader message is clear: digital payment efficiency can be achieved through regulated systems like UPI and CBDC, without depending on risky private stablecoins.

Chapterss Takeaway:
RBI’s concern is not digital innovation. Its concern is privately issued money-like instruments that may weaken monetary control, payment integrity and financial stability. CBDC is preferred because it combines digital efficiency with sovereign backing.

Dear Future Officers,

We have uploaded an Additional April 2026 Current Affairs File covering important Finance Current Affairs, RBI Notifications and Reports that were pending from the main April chapter.

Please go through this file along with the main April 2026 Current Affairs chapter.

Attaching the index snippet for your quick reference.

For those looking for PDFs for revision:

• May CA Chapter (₹51) | Link: Click Here

• April CA Chapter (₹51)| Link: Click Here

• Complete CA Package (₹100) | Link: Click Here

-- Team Chapterss

Dear Students,

This snippet is not just about RBI saying “no extra capital buffer” for banks.

It explains how RBI monitors credit growth, systemic risk and banking-sector stability before activating special regulatory tools like the Countercyclical Capital Buffer.

Read the quick decode below.

Chapterss Quick Decode | Episode 08

1. The Core Development: RBI Will Not Activate CCyB Now

👉 RBI has decided not to activate the Countercyclical Capital Buffer, or CCyB, at this point in time. This means banks will not be required to maintain an additional capital buffer right now.

👉 RBI said that the current economic conditions do not warrant such a move, based on its review of CCyB indicators.

2. What Is Countercyclical Capital Buffer?

👉 CCyB is an additional capital buffer that banks may be asked to maintain during periods of excessive credit growth

👉 The logic is simple: When the economy is doing well and credit is growing too fast, risks can silently build up in the banking system. So, banks are asked to keep extra capital during good times.

👉 Later, during stress periods, this buffer can be released so that banks can continue lending without suddenly cutting credit flow.

3. Why Is Credit-to-GDP Gap Important?

👉 The snippet mentions that the credit-to-GDP gap is the main indicator under the CCyB framework.

👉 Credit-to-GDP gap basically checks whether credit in the economy is growing much faster than the size of the economy.

👉 If credit growth becomes excessive compared to GDP, it may indicate overheating, risky lending and future financial instability. However, RBI also uses supplementary indicators along with this main indicator before taking a final decision.

4. Why Has RBI Not Imposed It Now?

👉 RBI’s assessment is that systemic risk from excess credit growth has not reached a level where CCyB activation is required.

👉 In simple words, RBI is saying: credit conditions need monitoring, but they are not alarming enough to impose an additional capital burden on banks right now. This also avoids unnecessary pressure on banks’ lending ability.

5. What Should Students Learn From This?

👉 CCyB is a macroprudential tool. It is not used to control one bank, but to protect the entire banking system from system-wide risks.

It has two broad objectives:
👉 First, to build extra capital during good times, which can be used during stress.

👉 Second, to discourage excessive lending during periods of very high credit growth.

Chapterss Takeaway:
CCyB is like a safety cushion for the banking system. RBI activates it only when excess credit growth starts creating systemic risk. Since current conditions do not warrant it, RBI has decided not to impose an additional capital buffer on banks.

Team Chapterss

Dear Future Officers,

We have launched our current affairs test series, which include the following:

✅ 200+ MCQs from January Current Affairs
✅ 250+ MCQs from February Current Affairs
✅ 300+ MCQs from March Current Affairs
✅ 400+ MCQs from April Current Affairs
✅ 450+ MCQs from May Current Affairs
✅ 400+ MCQs from June Current Affairs
✅ 180+ MCQs on Budget & Economic Survey
✅ 200+ MCQs on Important RBI Reports
✅ 10 sectional test of current Affairs (80 questions in 25 minutes)

Note: Monthly MCQs include questions from reports, schemes, RBI notifications, PIB news, ESI + Finance in news, and Phase 1+2-oriented current affairs.

What else you need?

Course Fee: ₹350 only

Link - https://www.chapterss.in/l/nKAE1ds

Team Chapterss

Dear Future Officers,

The Daily Current Affairs Quiz for 13th May 2026 has been uploaded on the portal. Now it’s your turn, go ahead and attempt the quiz, analyze your performance, and strengthen your retention.

Do share your scores!!
Stay consistent. Every quiz takes you one step closer.

-- Team Chapterss

For those who wish to join:

• May CA Chapter (₹51) | Link: Click Here

• April CA Chapter (₹51)| Link: Click Here

• Complete CA Package (₹100) | Link: Click Here

Dear Future Officers,

The Daily Current Affairs Quiz for 12th May 2026 has also been uploaded on the portal. Now it’s your turn, go ahead and attempt the quiz, analyze your performance, and strengthen your retention.

Do share your scores!!
Stay consistent. Every quiz takes you one step closer.

-- Team Chapterss

Message of Mentor
Topic: Melody

Recently, a packet of Melody went viral.

PM Modi gifted it to Italy’s Prime Minister Giorgia Meloni, and suddenly people started buying shares of Parle Industries.

But here is the twist: Melody is made by Parle Products, not Parle Industries. Parle Products is not even listed in India. People saw “Parle”, followed the crowd, and entered the wrong stock/share.

See the effect of blind crowd-following: Parle Industries’ share price jumped 5% in one day, even though it had nothing to do with Melody or Parle Products. It is a separate listed company involved in areas like infrastructure/real estate and paper-waste/recycling-related products.

This is exactly what many students do in preparation.

One topper says, “Do this.”
One teacher says, “Follow this.”
One friend says, “This is enough.”

And suddenly, everyone starts running in the same directio, without checking whether that strategy actually fits their own preparation.

Remember this clearly: Toppers become toppers because they build their own strategy, test it, improve it, and follow it with discipline.

With only 20 days left for RBI Grade B Phase 1, this is not the time to copy the crowd.

If you do not have a strategy now, you are already late.
If you have one, test it in mocks, improve it, and execute it with full honesty.

Do not become the person who buys the wrong “Parle” just because everyone else is buying it.

In exams also, crowd behaviour can be fatal.

Follow logic. Follow data. Follow your mock analysis.
Not noise.

Good Night
– Team Chapterss

🌅 Good Morning, Future Officers!

Positive Manifestation

“Who will stop me?
No one.

I show up every single day and crush my targets with confidence and calm strength. This week belongs to me.”

“मुझे कौन रोकेगा?
कोई नहीं।

मैं हर दिन पूरी प्रतिबद्धता के साथ अपने लक्ष्यों को पूरा करता/करती हूँ।
यह सप्ताह मेरा है।”

Repeat it 5 times 😇🔥