Current Affairs for Exams

Cabinet Approves ₹25,530 Crore Extension of Sarthak-PDS to Bring AI into Ration System

The Union Cabinet approved a ₹25,530 crore, five-year extension of the Sarthak-PDS scheme to use AI for identifying beneficiaries, tracking food grains, and handling complaints, …

India's Project Stalling Rate Falls to 12-Year Low of 5.5% in FY26

India's project stalling rate dropped to a 12-year low of 5.5% in FY26, down from nearly 11% in 2014-15, led by the private sector. West …

Supreme Court Upholds 28% GST on Online Gaming, Allows Retrospective Tax Demands

The Supreme Court upheld the 28% GST on online gaming and allowed retrospective tax demands of over ₹1.5 trillion, accepting the government's view that the …

US Trade Delegation to Visit India from 1–4 June 2026 for Trade Agreement Talks

A US delegation will visit India from 1–4 June 2026 to finalise an interim bilateral trade agreement. Concerns remain over US agricultural imports affecting Indian …

26 May 2026

10 articles

International Relations

West Asia Conflict Continues as US, Iran and Israel Exchange Strikes Amid Fragile Truce

The US, Iran and Israel exchanged strikes in late May 2026 despite a fragile truce, raising oil prices and concerns over the Strait of Hormuz …

West Asia Conflict Pushes Up Oil Prices, Hits Fuel Supply and Airlines in India

Higher global crude prices from the West Asia conflict have led to fuel price hikes, local shortages and airlines cutting routes in India, highlighting the …

Government Approves Sale of CPSE Indian Medicines Pharmaceutical Corporation for ₹121 Crore

The government approved the strategic sale of IMPCL, a CPSE under the Ministry of Ayush, to Skymap Pharmaceuticals for ₹121 crore, including 100% stake and …

RBI Sets Up Expert Committee on Quantum-Secure Financial Ecosystem (Q-SAFE)

The RBI has set up an expert committee, Q-SAFE, to prepare the financial system for quantum technology, which can both solve complex problems and threaten …

BANKING UPSC SSC

RBI Sets Cooling-Off Period for Directors of Co-operative Banks

The RBI has finalised rules introducing a cooling-off period for directors of urban and rural co-operative banks who complete ten continuous years on the board, …

BANKING UPSC SSC

RBI Transfers ₹2.9 Trillion Surplus to Government for 2025-26

The RBI transferred nearly ₹2.9 trillion surplus to the government for 2025-26, up 6.7%, after lowering its contingency risk buffer to 6.5% of its balance …

BANKING UPSC SSC

Government Plans ₹1,000-Crore Corpus to Boost Silk Production and Exports

The Textiles Ministry is planning a ₹1,000-crore corpus to raise silk production to 44,500 tonnes in FY27, cut import dependence and support nearly 9.84 million …

India and Canada Fast-Track Trade Talks, Aim to Conclude CEPA by End of 2026

India and Canada will fast-track talks on a Comprehensive Economic Partnership Agreement (CEPA), aiming to conclude it by end-2026, as Piyush Goyal led a large …

International Relations

Quad Foreign Ministers Meet in New Delhi, Expand Cooperation on Minerals, Maritime Security and Energy

At a foreign ministers’ meeting in New Delhi, the Quad expanded cooperation on critical minerals, maritime security and energy, and launched an Indo-Pacific energy initiative …

India and US Sign Framework on Critical Minerals and Rare Earths

India and the US have signed a framework to jointly mine, refine and recycle critical minerals and rare earths, aiming to secure supply chains after …

25 May 2026

6 articles

India's Factory Growth Slowed in May as Manufacturing Lost Momentum: PMI

India's HSBC Flash PMI showed factory and services growth slowing in May amid the West Asia conflict, though activity stayed in expansion.

Non-Food Bank Credit Grew 15.9% Year-on-Year in March 2026: RBI

RBI data shows non-food bank credit grew 15.9% year-on-year as of end-March 2026, signalling continued credit demand across sectors.

India Ranks 2nd Among Emerging Markets in April on Export Rebound

India ranked 2nd among emerging markets in April, driven by a rebound in exports — largely petroleum products amid high crude prices.

Final Redemption of First Sovereign Gold Bond Tranche Due

The first Sovereign Gold Bond tranche (2018-19 Series-I) reaches final redemption on 4 May 2026 after its eight-year maturity.

RBI Releases 46th Half-Yearly Report on Foreign Exchange Reserves

The RBI released its 46th Half-Yearly Report on foreign exchange reserves (Oct 2025–Mar 2026), part of a transparency practice begun in 2004.

Index of Eight Core Industries Grows Just 1.7% in April 2026

India’s Index of Eight Core Industries grew only 1.7% in April 2026, signalling a tepid start to the financial year.