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India National

SEBI Issues New Compliance Framework for Significant Market Index Providers

SEBI’s May 5 circular tightens oversight on entities managing influential market benchmarks. Under the 2024 Index Providers Regulations, 'Significant Indices' now face stricter registration and auditing requirements to ensure domestic market stability and global alignment. ‘Significant Indices’ under SEBI (Index Providers) Regulations, 2024 ‘Significant Indices’ under SEBI (Index Providers) Regulations, 2024

Cabinet Committee on Economic Affairs Approves Three Railway Projects Worth 23,437 Crore

The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, approved three major railway projects on May 5, 2026. The projects, valued at ₹23,437 crore, span across six states including Madhya Pradesh, Rajasthan, Uttar Pradesh, Karnataka, and Andhra Pradesh. These initiatives are designed to improve multi-modal connectivity and ease logistics bottlenecks.

India Tamil Nadu

TVK Emerges as Single Largest Party in Tamil Nadu’s 2026 Assembly Elections

In a debut performance, the Tamizhaga Vettri Kazhagam (TVK) won 108 of 234 seats, falling just short of the 118-seat majority mark. Chief Minister M.K. Stalin resigned on May 4, 2026, as the TVK initiates talks with smaller secular allies to bridge the 10-seat gap required for government formation.

PM Modi Labels Iranian Strike on Fujairah Port Unacceptable After Indians Injured

PM Narendra Modi labeled the Iranian strike on the UAE’s Fujairah port "unacceptable" after three Indian nationals sustained injuries. The attack hits a critical energy hub just as the U.S. activates "Project Freedom" to safeguard the Strait of Hormuz and India’s maritime fuel supplies. "Unacceptable": PM Modi After Iran's Attack On UAE Port Injures 3 Indians "Unacceptable": India As Iran's Attack On UAE's Fujairah Injures 3 Indians Amid Iran War

India West Bengal

BJP to Form West Bengal Government with Swearing-In Set for May 9

Following the 2026 Assembly elections, the BJP is preparing to take office in West Bengal. The swearing-in ceremony is fixed for May 9, the birth anniversary of Rabindranath Tagore. High-profile wins include Kalita Maji in Ausgram, while Agnimitra Paul is positioned as a top contender for the Chief Minister's post.

Pixxel & Sarvam Partner for India's First Orbital Data Centre Satellite by Q4 2026

Indian space firm Pixxel and AI startup Sarvam are collaborating to launch 'Pathfinder', India's inaugural orbital data centre satellite, by the end of 2026. Pixxel will handle satellite design, build, and operation, while Sarvam will equip it with an AI backbone for in-orbit edge computing.

US Launches 'Project Freedom' to Secure Hormuz Amid Fragile Iran Ceasefire

President Trump has ordered 'Project Freedom,' a new US initiative to keep the Strait of Hormuz open for international shipping. This follows attacks that jeopardized the US-Iran ceasefire, established April 8. The US destroyed six Iranian boats and intercepted missiles, prompting Tehran to warn of retaliation against military provocation.

US Launches Project Freedom to Secure Shipping in Strait of Hormuz

The United States government has initiated 'Project Freedom,' a military and diplomatic operation led by the US Navy to ensure the open transit of shipping through the Strait of Hormuz. The move follows escalating tensions and reported attacks on maritime assets, prompting a military response that included the destruction of six Iranian small boats and the interception of multiple missiles and drones.

India West Bengal

BJP Sweeps West Bengal Elections 2026, Wins 206 Seats, Mamata Banerjee Loses Bastion

The Bharatiya Janata Party secured a decisive victory in the West Bengal Assembly Elections 2026, winning 206 seats to end the Trinamool Congress's 15-year rule. The BJP's win signifies a major political realignment, with gains extending beyond its northern strongholds into Kolkata and its surrounding areas. Mamata Banerjee's party was unseated after a fiercely contested campaign.

India Maharashtra

RBI Imposes ₹2 Lakh Penalty on Pandharpur Urban Co-operative Bank

The Reserve Bank of India (RBI) imposed a monetary penalty of ₹2 lakh on Pandharpur Urban Co-operative Bank Ltd., Maharashtra, on April 29, 2026. The bank was found in violation of directions regarding 'Asset Classification and treatment of accounts as Non-Performing Assets (NPA)'. Specifically, the bank sanctioned additional credit facilities to borrowers to repay existing non-performing loans.

Supreme Court Questions India-UAE Extradition Treaty Over AgustaWestland Middleman's Plea

The Supreme Court has issued a notice to the Union Government, seeking its response to Christian Michel's challenge against a key provision in the India-UAE Extradition Treaty. Michel, the alleged middleman in the AgustaWestland deal, argues his continued detention violates constitutional rights and the treaty's scope, which limits prosecution to the charges for which extradition was granted.

NDA Secures Third Successive Term in 2026 Assam Assembly Elections

The BJP-led National Democratic Alliance (NDA) achieved a decisive victory in the 2026 Assam Assembly elections, winning 101 out of 126 seats. This result marks the NDA's third consecutive term in the state. The Congress-led opposition was reduced significantly, as the NDA's strategy of combining welfare schemes with cultural assertion consolidated its support base across Upper and Lower Assam.

India Tamil Nadu

TVK Emerges Leading Party in 2026 Tamil Nadu Assembly Elections

In the 2026 Tamil Nadu Assembly elections, the Tamilaga Vettri Kazhagam (TVK) secured 105 seats, emerging as the largest single party. The incumbent DMK saw a significant decline, winning only 59 seats. Outgoing Chief Minister M.K. Stalin accepted the mandate, stating the DMK would serve as a constructive opposition. The results mark a major disruption in the traditional Dravidian duopoly of DMK and AIADMK.

Outgoing Indian Envoy Pranay Verma and Bangladesh FM Review Bilateral Cooperation

Outgoing Indian High Commissioner Pranay Verma met the Bangladesh Foreign Minister on May 4, 2026, to reaffirm commitment to people-centric cooperation. The discussion focused on maintaining diplomatic continuity and strengthening sector-wide ties as Verma concludes his tenure in Dhaka. Outgoing Indian envoy meets Bangladesh FM, discusses bilateral ties Mr. Verma reaffirmed India’s commitment to work closely with the people and government of Bangladesh to further strengthen people-centric cooperation across all sectors.

WHO: Hantavirus Risk Low After Ship Outbreak Claims Three Lives

The World Health Organization (WHO) Regional Director for Europe stated on May 4, 2026, that the public health risk from a recent Hantavirus outbreak is low. The incident, which occurred on a ship and resulted in three deaths and three illnesses, does not warrant panic or travel restrictions, according to the WHO.

Union Government Revises NITI Aayog Composition Effective May 2, 2026

The Union Government updated the composition of NITI Aayog on May 2, 2026. This restructuring introduces new full-time members and modifies ex-officio positions to better align with current administrative goals and ensure the policy think-tank's integration with key ministries for strategic planning. Revised Composition of the National Institution for Transforming India (NITI Aayog)- 02-05-2026 Frontier Tech Hub

Government to Auction ₹34,000 Crore of New 2036 Dated Securities on May 8

The Reserve Bank of India has scheduled a ₹34,000 crore auction for a new government security maturing in 2036. Conducted via the e-Kuber system on May 8, 2026, the sale includes a ₹2,000 crore greenshoe option and follows the multiple price-based auction method. Auction of Government of India Dated Security Government of India (GoI) has announced the sale (issue) of one dated security for a notified amount of ₹34,000 crore as per the following details:.

Japan and Australia Strengthen Strategic Ties Across Energy, Defence, and Critical Minerals

On May 4, 2026, Japan and Australia expanded their bilateral partnership to secure energy supplies, critical mineral chains, and defence cooperation. Australia currently provides nearly half of Japan's LNG, while Japan remains a top-five supplier of refined gasoline and diesel to Australia. Japan, Australia agree to deepen cooperation on energy, defence and critical minerals Australia provides almost half of Japan’s liquefied natural gas; Japan is one of Australia’s top five suppliers of refined gasoline and.

India West Bengal

BJP Crosses 200-Seat Lead in West Bengal as 2026 Election Counting Continues

Early trends from the May 4 counting show the Bharatiya Janata Party crossing the 200-seat threshold in the 294-member West Bengal Assembly. The Trinamool Congress, seeking a fourth term, trails significantly as Chief Minister Mamata Banerjee urges party supporters to stay hopeful. West Bengal election results LIVE: BJP inches to 200 Counting of votes for the high-stakes Assembly elections is under way, with the verdict set to decide whether the Mamata Banerjee-led TMC returns to.

Vote Counting Begins for Assembly Elections in 5 States and Puducherry

Vote counting is underway across West Bengal, Tamil Nadu, Kerala, Assam, and Puducherry for the 2026 Assembly elections, with results set to determine new governments. Security is tight, featuring 140 counting centres in Kerala alone. The Election Commission of India is overseeing the process. Assembly elections 2026 results: Counting of votes begins across five States The results will decide the next governments in Assam, Kerala, Tamil Nadu, Puducherry and West Bengal

Delhi Metro Unveils ₹48,000 Cr Expansion: 7 New Corridors, 65 Stations Planned

The Delhi Metro Rail Corporation (DMRC) has announced a ₹48,000 crore expansion plan adding seven new corridors and 65 stations. This aims to extend metro reach to the city's outskirts and developing areas, boosting ridership and urban connectivity. 7 New Corridors, 65 Stations: Delhi Metro's Rs 48,000 The Delhi Metro expansion is expected to extend metro connectivity deeper into the outskirts and rapidly developing parts of the city.

India Rejects Nepal’s Objection to Kailash Mansarovar Pilgrimage via Lipulekh Pass

The Ministry of External Affairs has dismissed Nepal’s territorial claims over the Lipulekh Pass, asserting the route’s legitimacy for the Kailash Mansarovar Yatra. New Delhi cited the path's continuous usage since 1954, while remaining open to resolving boundary issues through bilateral diplomacy and constructive interaction.

Dr. Joram Aniya Becomes Arunachal Pradesh’s First Full-Time NITI Aayog Member

Dr. Joram Aniya has been appointed as a full-time member of NITI Aayog, making her the first person from Arunachal Pradesh and the first woman from the Nyishi community to hold the post. A PhD holder in Hindi, her induction follows a May 2026 notification revising the composition of India’s premier policy think tank.

Government Appoints Executive Director Rohit Jain as Deputy Governor of Reserve Bank

The Government of India has elevated Executive Director Shri Rohit Jain to the post of Deputy Governor at the Reserve Bank of India. Appointed under Section 8 of the RBI Act, 1934, Jain begins a three-year term on May 3, 2026, filling a key leadership position within the central bank's top management tier.

GalaxEye's 'Drishti' Satellite to Launch on SpaceX Falcon, Offering All-Weather Earth Imaging

Indian space-tech startup GalaxEye is set to launch its 'Drishti' satellite aboard a SpaceX Falcon rocket. This mission marks a significant step in private Indian space capabilities, featuring a satellite designed for all-weather, day-and-night earth observation. CEO Suyash Singh emphasized the need for unique satellite design considerations for India.

Indian Ship Sarv Shakti Navigates Hormuz Strait Amid Ongoing US Maritime Blockade

Carrying 45,000 tons of cooking fuel, the Marshall Islands-flagged Indian vessel 'Sarv Shakti' successfully navigated the Strait of Hormuz. The ship moved past Iran's Larak and Qeshm islands into the Gulf of Oman, completing a rare crossing despite an active US maritime blockade in the Persian Gulf.

India Karnataka

India's First State-Led Centre of Excellence for Space Technology Launched in Bengaluru

Karnataka has launched India's first state-led Centre of Excellence (CoE) for Space Technology in Bengaluru on May 03, 2026. The facility aims to drive advanced research, startup incubation, and talent development in the space sector. It is designed to bridge the gap between academic innovation and industrial requirements, fostering a localized ecosystem for satellite and rocket technologies.

India Madhya Pradesh

Bargi Dam Boat Tragedy Death Toll Rises to 13 in Madhya Pradesh

The death toll in the Bargi Dam boat tragedy in Madhya Pradesh has climbed to 13 after the body of the last missing person was recovered. The boat, approximately 20 years old, capsized on April 30, 2026, during a storm. Bargi dam boat tragedy: Death toll rises to 13; body of last missing person found The boat, around 20 years old and operated by the State tourism department, capsized during a storm on April 30,.

India Madhya Pradesh

Jabalpur Cruise Boat Tragedy: Death Toll Rises to 11, Search Continues for Missing

The death toll in the Jabalpur cruise boat tragedy has risen to 11 after the bodies of two children were recovered. Search operations are ongoing for the remaining missing passengers, with authorities preparing a revised Standard Operating Procedure (SOP). Jabalpur cruise tragedy: Death toll rises to 11 as bodies of two kids found; search continues Two more missing people from the capsized cruise boat are yet to be found; M.P. Tourism Secretary says a revised.

Access to Generic Risdiplam Urged for Spinal Muscular Atrophy Patients

Patients with Spinal Muscular Atrophy (SMA) have appealed to the Prime Minister for access to India-manufactured generic Risdiplam under the rare diseases policy, citing its time-sensitive nature and potential for irreversible deterioration. Access to generic Risdiplam sought under policy for rare diseases for people with Spinal Muscular Atrophy The recent availability of India-manufactured generic Risdiplam offers a practical pathway, patients write in an appeal to the PM; access to treatment is time sensitive, with delays.

China Invokes First Blocking Order Against US Sanctions

China has invoked its first-ever blocking order against U.S. sanctions, specifically protecting five major Chinese petrochemical firms targeted for their alleged involvement in Iranian oil trade. China Invokes First The move specifically protects five major Chinese petrochemical firms recently targeted by Washington for their alleged involvement in the Iranian oil trade.

Rajnath Singh: Operation Sindoor Reflects India's Resolve Against Terrorism

Defence Minister Rajnath Singh described 'Operation Sindoor' as a testament to the Modi government's 'unwavering resolve' to eliminate terrorism through decisive action. He emphasized the government's commitment to a zero-tolerance policy against terror. Operation Sindoor Reflected India's Resolve To Eliminate Terrorism: Rajnath Singh Defence Minister Rajnath Singh on Saturday described Operation Sindoor as a reflection of the Modi government's "unwavering resolve" to eliminate terrorism through "decisive action".

India West Bengal

Election Commission Issues Report on Electoral Malpractice During West Bengal Repolls

The Election Commission of India (ECI) released a report on May 03, 2026, detailing widespread malpractice during repolls in 15 booths in West Bengal. The report documented incidents of EVMs being taped to block specific buttons and scent being smeared on voters' fingers to facilitate intimidation. Despite these challenges, a 72% voter turnout was recorded under tight security.

SEBI Orders Action Against Unregistered Investment Advisors on Telegram

The Securities and Exchange Board of India (SEBI) has issued an order against individuals and Telegram channels, including 'Intraday Jackpot' and 'Professional Day Trading Institute', for unregistered investment advisor and research analyst activities. Order in the matter of unregistered investment advisor research analyst activities Telegram Channels Intraday Jackpot Professional Day Trading Institute Akshay Kumar and Others Order in the matter of unregistered investment advisor research analyst activities Telegram Channels Intraday Jackpot Professional Day Trading Institute.

SEBI Issues Circular on Fast-Track Mechanism for AIF Placement Memoranda

The Securities and Exchange Board of India (SEBI) has issued a circular detailing the Fast-Track Mechanism for processing the Placement Memoranda of Alternative Investment Funds (AIFs). This circular provides guidance on the new procedure. Fast Fast-Track Mechanism for Processing of Placement Memorandum of AIFs filed with SEBI SEBI | Fast-Track Mechanism for Processing of Placement Memorandum of AIFs filed with SEBI Securities and Exchange Board of India is made for protect the interests of investors.

India West Bengal

Election Commission Schedules Repolling for Falta Assembly Seat on May 21

The Election Commission of India has announced repolling for all 285 polling stations of the Falta Assembly constituency in West Bengal on May 21, 2026. The decision follows multiple complaints of electoral malpractice and 'subversion of the democratic process' during the initial voting. Consequently, the counting of votes for this specific seat has been rescheduled to May 24.

India Seafood Exports Surpass 72,000 Crore Mark Driven by Aqua Farmer Resilience

India's seafood exports have reached a milestone, crossing the ₹72,000 crore valuation. This growth has prompted aquaculture farmers to call for expanded Free Trade Agreements (FTAs) to diversify market reach beyond the United States. The sector's performance highlights India's strengthening position in the global marine products market and the increasing contribution of the blue economy to national GDP.

Prasoon Joshi Appointed as New Chairman of Prasar Bharati Statutory Body

Renowned lyricist and former CBFC Chairperson Prasoon Joshi has been appointed as the Chairman of Prasar Bharati. The appointment, announced on May 2, 2026, places Joshi at the head of India’s largest public broadcasting agency, which oversees Doordarshan and All India Radio. Joshi previously served as the CEO of McCann World Group India and held leadership roles in the Asia-Pacific region.

India Karnataka

Ex-Karnataka Minister Vinay Kulkarni Barred from Assembly for Six Years

Vinay Kulkarni, former Karnataka minister and Congress leader, is disqualified from the state Legislative Assembly for six years following a court order. This disqualification creates a vacancy in his constituency and prohibits him from contesting elections during this period, based on provisions of the Representation of the People Act, 1951, concerning criminal convictions.

Supreme Court Establishes Key Principles for High Court Jurisdiction Under Article 227

The Supreme Court of India has summarised the governing principles for the exercise of jurisdiction by High Courts under Article 227 of the Constitution. The Court clarified that this power of superintendence is intended to ensure sub-ordinate courts act within their bounds of authority and is not an appellate power to correct mere errors of fact or law.

India's Prototype Fast Breeder Reactor Achieves Criticality, Boosting Energy Security Hopes

India's Prototype Fast Breeder Reactor (PFBR) at Kalpakkam has reached criticality, achieving a sustained nuclear chain reaction. This marks a crucial step in the nation's three-stage nuclear power plan, utilizing indigenous technology to secure energy for centuries. The PFBR's success paves the way for harnessing India's abundant thorium reserves.

US Blockade Costs Iran $4.8 Billion in Oil Revenue Amid Ceasefire Negotiations

A US-led maritime blockade has drained approximately $4.8 billion from Iran's oil revenue as of May 2, 2026. The operation, intended to build leverage during ceasefire negotiations, has intercepted and redirected more than 40 vessels carrying Iranian crude and cargo. Iran Lost $4,800,000,000 In Oil Revenue Due To US Blockade: Report The blockade ordered by the Trump administration as leverage in ceasefire negotiations has redirected more than 40 vessels attempting to pass through with Iranian.

Supreme Court Rejects TMC Challenge to Central Officers in West Bengal Vote Counting

The Supreme Court on May 2, 2026, dismissed a Trinamool Congress petition challenging the Election Commission’s use of Central government officers for vote counting. The bench ruled that both Central and State employees function as Election Commission of India (ECI) staff once notified for poll duty.

India Jammu and Kashmir

Jammu and Kashmir High Court Reaffirms Strict Twin Conditions for Post-Conviction NDPS Bail

The High Court of Jammu & Kashmir and Ladakh ruled on April 30, 2026, that post-conviction bail under the Narcotic Drugs and Psychotropic Substances (NDPS) Act cannot be granted solely on long incarceration. The court emphasized that the 'twin conditions' under Section 37 must be strictly met, requiring the court to be satisfied that the accused is not guilty and unlikely to commit further offences.

India Uttar Pradesh

Criticism of Government Ideology Is Not Rebellion, Rules Allahabad High Court

The Allahabad High Court dismissed a petition seeking an FIR against Rahul Gandhi, clarifying that ideological opposition and criticism of government actions do not constitute criminal offences. The bench noted that a 'fight' against a specific ideology is distinct from inciting rebellion against the Indian State, protecting the right to political dissent.

Solar Energy Accounts for 21.5 Percent of India's Peak Power Demand in April

India successfully managed a record peak power demand on April 25, 2026, with solar energy contributing 21.5% and coal-based plants providing 66.9% of the total generation. The data, released on May 2, 2026, underscores the increasing role of augmented solar capacity in weathering summer demand spikes and the El Nino effect. This energy mix highlights India's strategy to balance renewable growth with base-load thermal power.

Manipur Government Initiates First Formal Security Discussions With Kuki-Zo Insurgent Groups

On May 2, 2026, the newly formed Manipur government held its first round of discussions with the Kuki National Organisation (KNO) and the United Peoples' Front (UPF). The day-long meeting focused on security-related issues and the potential relocation of Suspension of Operation (SoO) camps. Both sides aimed to reduce regional friction and improve the safety of local populations in the conflict-prone state.

India Uttar Pradesh

Allahabad High Court Rejects Plea for FIR Against Rahul Gandhi Over Remarks

The Allahabad High Court has dismissed a petition challenging a Sambhal court's refusal to register an FIR against Leader of the Opposition Rahul Gandhi. The case involved his 'fighting the Indian State' comments, which the court found did not warrant criminal proceedings, maintaining the distinction between ideological dissent and criminal incitement.

Operation Global Hunt: India and Interpol Target International Drug Syndicates

The CBI and Interpol have launched 'Operation Global Hunt' to intercept fugitives linked to narcotics syndicates and transnational crime. The initiative focuses on suspects involved in terror financing and cyber-enabled fraud by leveraging Interpol’s 196-nation tracking network. Operation Global Hunt: An India The targets of this operation include criminals linked to international drug syndicates and organised crime networks.

Commercial LPG Prices Jump by ₹993 Due to Iran-US Conflict; Domestic Rates Steady

Oil marketing companies have raised 19kg commercial LPG cylinder prices by ₹993, attributing the increase to the Iran-US conflict's impact on global fuel costs. Domestic LPG, petrol, and diesel prices remain unchanged. This hike will directly affect the operational expenses of businesses like hotels and restaurants.

RBI Confirms 98.47 Percent of Withdrawn 2000 Rupee Notes Now Returned

As of April 30, 2026, 98.47% of ₹2000 notes have returned to the banking system. While bank branch exchanges ended in October 2023, the currency remains legal tender and can be deposited at 19 RBI Issue Offices or via India Post. Withdrawal of ₹2000 Denomination Banknotes – Status The Reserve Bank of India (RBI) had announced the withdrawal of ₹2000 denomination banknotes from circulation vide Press Release 2023-2024/257 dated May 19, 2023 . The status.

Amit Shah Inaugurates 2569th Buddha Purnima and Relic Exposition in Leh

Home Minister Amit Shah inaugurated the 2569th Buddha Purnima celebrations and a rare exposition of Tathagata Buddha’s holy relics in Leh on May 1, 2026. Describing Ladakh as a 'living land of dharma,' the visit signals continued central engagement with the region's spiritual identity. Ladakh a living land of dharma for centuries, says Amit Shah The Union Home Minister inaugurated the sacred holy relics exposition of Tathagata Buddha and the 2569th Buddha Purnima celebrations in.

Calcutta High Court Upholds Appointment of Only Central and PSU Employees for Poll Duties

The Calcutta High Court ruled on April 30, 2026, that the appointment of only Central Government or Public Sector Undertaking (PSU) employees as counting supervisors for West Bengal polls is legally valid. The court rejected a petition that sought the inclusion of state government employees in the counting process. The decision affirms the Election Commission's discretion in ensuring the impartiality and integrity of the election results.

US Strategic Reserve to Buy Rare Earths from China, Boost Domestic Production

The U.S. Mineral Reserve Plan, announced May 1, 2026, will acquire rare earth elements from China. The initiative aims to build an immediate buffer against supply shocks and signal demand to U.S. and allied producers. Trump's Mineral Reserve Plans To Buy Rare Earths From China The project aims to build an immediate buffer against critical mineral supply shocks while using future purchases to send a stronger demand signal to US and friendly-nation producers.

India Karnataka

Karnataka Cabinet Greenlights ₹18,133 Crore Satellite Township in Bengaluru South

The Karnataka Cabinet has given its in-principle approval for the ₹18,133 crore Integrated Satellite Township project in Bengaluru South. The plan involves acquiring 7,404 acres across nine villages in Ramanagara taluk and includes a ₹7,500 crore state bank guarantee. Karnataka Cabinet approves Integrated Satellite Township project in Bengaluru South district at a cost of ₹18,133 crore It agrees to provide a bank guarantee to a tune of ₹7,500 crore to the project that will entail.

India Rajasthan

Rajasthan Governor Launches Online Self-Enumeration for Census 2027

Governor Haribhau Bagde initiated Rajasthan's 'Census 2027' self-enumeration process via an online portal on May 1, 2026. Citizens can now submit demographic data electronically, marking a shift towards a digital census model for improved accuracy and public engagement. Rajasthan opens online self The process for "Census 2027" was formally launched in the State by Governor Haribhau Bagde at Lok Bhavan through self-enumeration

India Maharashtra

NCB Seizes 349 kg Cocaine Valued at ₹1,745 Crore in Mumbai Drug Bust

The Narcotics Control Bureau (NCB) seized 349 kg of high-grade cocaine in Mumbai on May 1, 2026, worth an estimated ₹1,745 crore. Union Home Minister Amit Shah pledged "ruthless" action against drug trafficking, identifying Mumbai as a transit hub for international smugglers. This operation targeted a significant smuggling attempt.

Trump Administration Formally Terminates Iran War Ahead of 60-Day Deadline

The Trump administration has officially ended military operations in Iran, concluding the conflict well before its 60-day projected window. This follows a brief ceasefire and a single round of talks. The focus now shifts to post-war negotiations and the stabilization of global oil markets previously rattled by the closure of the Strait of Hormuz.

RBI Announces Auction of ₹24,000 Crore Treasury Bills on April 29, 2026

The Reserve Bank of India will conduct an auction for ₹24,000 crore of Government of India Treasury Bills (91-day, 182-day, and 364-day) on April 29, 2026. The settlement date is April 30, 2026. The auction will use the multiple price method, and retail investors can participate via the RBI Retail Direct portal.

Bombay High Court Rules Indian Court Orders Not Foreign Under Portuguese Civil Code

The Bombay High Court has clarified that the State of Goa is an integral part of India and governed by the Constitution, meaning orders from any Indian civil court cannot be treated as 'foreign judgments'. The ruling addressed instances where Registrars of Marriage in Goa allegedly invoked provisions of the Portuguese Civil Code of 1867 to label orders from outside the state as foreign.

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