Current Affairs for Exams
Daily current affairs curated for government exam preparation
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29 May 2026
5 articlesCentre Orders Oil Marketing Companies to Hold 30-Day LPG Strategic Reserves
The Centre has asked state-run OMCs (IOC, BPCL, HPCL) to set up strategic LPG reserves equal to 30 days of demand, after the West Asia …
India Faces 6-10 PM Power Shortfalls as Solar Output Drops After Sunset
India is seeing recurring evening power shortages between 6 PM and 10 PM as solar output fades and 40 GW of thermal capacity sits in …
MoSPI Permanently Shifts Q4 GDP Release to 7 June from 31 May for Better Data Quality
MoSPI has permanently moved the Q4 GDP release from 31 May to 7 June (or the previous working day) to improve data quality. The 2025-26 …
RBI Revives Polymer Banknote Plan, Pilot Likely for Rs 10 and Rs 20 Notes
The RBI is reviving its decade-old plan to introduce polymer banknotes, with a pilot likely on Rs 10 and Rs 20 denominations. Polymer notes last …
RBI Annual Report FY26: West Asia War Tops Risk List, Balance Sheet Expands 20.6%
RBI's Annual Report 2025-26 flagged the West Asia war as the biggest external risk and kept India's 2026-27 GDP growth forecast at 6.9 per cent. …
28 May 2026
8 articlesIndia Plans Multiple Ethanol-Blended Petrol Variants at Fuel Stations
India plans to offer multiple ethanol-blended petrol variants — E20, E22, E25 and E30 — at fuel stations after meeting the 20% blending target in …
RBI Imposes Monetary Penalties on Three Co-operative Banks for Regulatory Lapses
The RBI has imposed monetary penalties of Rs 2 lakh each on Jalore Central Co-operative Bank (Rajasthan), Shree Laxmi Co-operative Bank (Pune) and Lunawada People’s …
RBI Conducts T-Bill and Government Securities Auctions; Cut-off Yields Released
RBI released this week’s T-Bill auction results — cut-off yields of 5.56% (91-day), 5.73% (182-day) and 6.03% (364-day) — and announced a Rs 28,000 crore …
India’s Insolvency and Bankruptcy Code Completes a Decade on 28 May 2026
India’s Insolvency and Bankruptcy Code completes ten years on 28 May 2026. While gross NPAs have fallen sharply since FY18, delays in resolution and seven …
ASCI FY26 Annual Report: 97% of Violative Ads on Digital, Four-Fifths on Meta
ASCI’s FY26 annual report says 97% of violative ads were on digital platforms, with 79.84% on Meta. Offshore betting was the most violative sector with …
India’s Domestic Content Requirement on Solar Cells Begins 1 June 2026
From 1 June 2026, all net-metering and other domestic/commercial/industrial solar projects in India must use only solar cells made in the country, building on the …
India’s Energy Diplomacy During the West Asia Crisis and Hormuz Blockade
The blockade of the Strait of Hormuz during the West Asia crisis exposed India’s heavy dependence on Gulf oil and LNG. India responded with diplomatic …
EU Carbon Border Adjustment Mechanism Enters Definitive Phase; India’s Trade Implications
The EU’s Carbon Border Adjustment Mechanism (CBAM) entered its definitive phase on 1 January 2026, imposing a carbon-linked charge on imports of steel, cement, aluminium, …
27 May 2026
6 articlesSupreme Court Upholds Retrospective 28% GST on Online Gaming Sector
A two-judge bench of the Supreme Court upheld the centre’s 28 per cent GST on online real-money gaming, including retrospectively for periods before October 2023, …
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 …
India Plans to Export Vande Bharat Trains, Develops Standard-Gauge Version
India is developing a standard-gauge version of the Vande Bharat Express to enter export markets. Neighbouring countries and some nations in Latin America and Africa …