Current Affairs for Competitive Exams

Pakistan Summons Afghan Diplomat Following Suicide Attack That Killed 15 Officers

Islamabad has summoned a senior Afghan diplomat to formally protest a suicide bombing in northwest Pakistan that left 15 police officers dead. Pakistan protests to Afghanistan over suicide attack that killed 15 officers Pakistan has summoned a senior Afghan diplomat to protest a suicide attack in its northwest that killed 15 police officers

India National

AYUSH Sector Quality to Improve with New Govt. Guidelines and Registration

Health Minister Satya Kumar Yadav announced reforms to boost AYUSH sector quality. New guidelines and mandatory registration for clinics and hospitals aim to tackle counterfeit drugs and unqualified practitioners. Govt. to bring reforms in AYUSH sector to enhance quality: Health Minister Satya Kumar Yadav says new guidelines and mandatory registration for AYUSH clinics and hospitals will help curb fake drugs and check unqualified practitioners

India National

SEBI Demands Payment from Amit Jain Over Himalaya Granites Ltd. Recovery Certificate

The Securities and Exchange Board of India (SEBI) has issued a demand notice, dated May 08, 2026, to Amit Jain (PAN: AAEPJ3715H). The notice, under Recovery Certificate No. 9105 of 2026, pertains to the Himalaya Granites Ltd. matter, identifying Jain as a defaulter. Notice of Demand under Recovery Certificate no. 9105 of 2026 dated May 08, 2026 issued to Amit Jain (PAN: AAEPJ3715H) [Defaulter] in the matter of Himalaya Granites Ltd.: under Recovery Certificate No..

India National

SEBI Issues Recovery Notice to Amit Agarwal Over Illiquid Stock Options

SEBI has issued a formal Notice of Demand to Amit Agarwal (PAN: AEEPA5456L) under Recovery Certificate No. 9106 of 2026, stemming from unauthorized dealings in illiquid stock options on the BSE. Notice of Demand under Recovery Certificate no. 9106 of 2026 dated May 08, 2026 issued to Amit Agarwal (PAN: AEEPA5456L) [Defaulter] in the matter of dealing in Illiquid Stock Options on BSE: under Recovery Certificate No. 9106 of 2026. Notice of Demand under Recovery.

India National

SEBI Cancels Recovery Certificate Issued Against Pranav Dipak Desai and Kokila Dipak Desai

The Securities and Exchange Board of India (SEBI) has cancelled Recovery Certificate (RC) No. 7645 of 2024, originally issued on February 16, 2024, against Pranav Dipak Desai and Kokila Dipak Desai. This cancellation is in relation to a complaint filed by Finsec Law Advisors Ltd. on behalf of Aeqitas.

India National

SEBI Issues Release Order for Sunita Rani Handa in BSE Illiquid Options Case

The Securities and Exchange Board of India issued a Release Order on May 11, 2026, for Sunita Rani Handa regarding a case involving illiquid stock options trading on the Bombay Stock Exchange. Release Order – Sunita Rani Handa [Defaulter] PAN: AAFPH5820E in the matter of Trading in Illiquid Stock Options at BSE. Certificate No. 8671 of 2025. Release Order – Sunita Rani Handa [Defaulter] PAN: AAFPH5820E in the matter of Trading in Illiquid Stock Options.

India National

SEBI Finalizes Settlement with BofA Securities India Limited

SEBI has issued a settlement order for BofA Securities India Limited. The specific details of the resolution remain undisclosed, but the order signifies the conclusion of a regulatory matter. Settlement Order in the matter of BofA Securities India Limited. Settlement Order in the matter of BofA Securities India Limited. SEBI | Settlement Order in the matter of BofA Securities India Limited. Securities and Exchange Board of India is made for protect the interests of investors.

India National

RBI Fines Hinduja Housing Finance Over Unauthorized Management Changes

The RBI has penalized Hinduja Housing Finance ₹1.80 lakh for failing to obtain prior approval for significant management changes. The firm replaced more than 30% of its directors without written consent, violating statutory governance directions. RBI imposes monetary penalty on Hinduja Housing Finance Limited The Reserve Bank of India (RBI) has, by an order dated April 27, 2026, imposed a monetary penalty of ₹1.80 lakh (Rupees One lakh eighty thousand only) on Hinduja Housing Finance.

India National

New 10-Lane Expressway Planned to Connect Delhi With Jewar Airport

A 10-lane corridor connecting Delhi to the Noida International Airport will originate at Sector 94 and merge with the Yamuna Expressway at Gharbara village. New 10-Lane Delhi This route will start from Sector 94 and extend up to Gharbara village in Greater Noida, where it will merge with the Yamuna Expressway.

India National

RBI Schedules ₹14,500 Crore Auction of State Government Securities for May 12

The Reserve Bank of India has scheduled an auction for state government securities totaling ₹14,500 crore to be held on May 12, 2026, via the E-Kuber platform. Auction of State Government Securities The following State Governments have offered to sell stock by way of auction, for an aggregate amount of ₹14,500 Crore (Face Value). Sr. No. State Amount to be raised (₹ Crore) Tenor (Year) Type of Auction 1. Assam 1000 Re-issue of 7.22% Assam.

World Thailand

Former Thai Prime Minister Thaksin Shinawatra Released After Eight-Month Prison Stint

76-year-old billionaire Thaksin Shinawatra has been released after serving eight months of a one-year corruption sentence. He remains under probation for four months and must wear an electronic monitoring device. Thailand's former PM Thaksin released from prison The 76-year-old telecoms billionaire served eight months of a one-year prison sentence for corruption and will be required to wear an electronic monitor during his four-month probation period

India Madhya Pradesh

Madhya Pradesh Sets Up Judicial Panel to Probe Fatal Boat Tragedy

The Madhya Pradesh government has launched a judicial inquiry into a recent boat accident, mandating a final report within three months. The commission will review safety failures, assess the efficiency of rescue efforts, and determine accountability for any lapses. MP boat tragedy: Government forms judicial probe panel; to submit report in three months will probe the causes of the accident, examine whether adequate rescue and relief measures were taken, and fix responsibility, says the official

India Maharashtra

Bombay High Court Validates Retrospective Verification of Government Employee Disability Certificates

The Bombay High Court has affirmed the state's authority to audit disability certificates held by government employees. The bench categorized the submission of fraudulent medical documentation to secure quota-based employment as 'moral turpitude,' providing grounds for administrative termination. Bombay High Court Upholds State's Power To Re-Verify Disability Certificates Of Govt Employees; Says Fake Claims Amount To Moral Turpitude

World Global

President Donald Trump to Visit China for Talks Starting May 13

Beijing confirmed that US President Donald Trump will visit China from May 13 to 15, 2026. Accepting an invitation from President Xi Jinping, Trump intends to discuss regional security, specifically the situation regarding Iran, alongside ongoing trade negotiations. Donald Trump Accepts Xi's Invitation, To Visit China From May 13 President Donald Trump will visit China from May 13 to 15, Beijing confirmed on Monday, with the US leader expected to discuss Iran and...

India Tamil Nadu

C. Joseph Vijay Sworn In As Tamil Nadu Chief Minister After TVK Majority

Actor-turned-politician C. Joseph Vijay took the oath as Tamil Nadu's Chief Minister on May 11, 2026, after his party, the Tamilaga Vettri Kazhagam (TVK), secured 120 legislative seats. Vijay Oath Ceremony Highlights: "I'm Like Your Son, Your Brother," Vijay Tells Supporters After Taking Oath Vijay Oath Ceremony LIVE Updates: Vijay, the Tamilaga Vettri Kazhagam (TVK) chief, now has the support of 120 MLAs.

India National

Indian Biogas Association Seeks 10% Mandatory Organic Manure Blending for Fertilizers

The Indian Biogas Association has proposed a policy to blend 10% fermented organic manure with chemical fertilizers to slash import costs by $2 billion annually and boost soil health. Biogas association calls for blending of organic manure with fertilizers 10% mandatory blending of fermented organic manure could save $2 billion in imports annually, and improve soil fertility, says Indian Biogas Association

India National

SEBI Formally Records Appeal No. 6832 of 2026 From Kedar Nath Yadav

SEBI has officially logged Appeal No. 6832 of 2026, submitted by Kedar Nath Yadav on May 7, 2026, marking the start of a formal review process. Appeal No. 6832 of 2026 filed by Kedar Nath Yadav Appeal No. 6832 of 2026 filed by Kedar Nath Yadav

India National

SEBI Issues Completion Order for Siddhant Suresh Chandan Following Recovery Proceedings

SEBI has formally concluded recovery proceedings against Siddhant Suresh Chandan regarding the provision of unregistered investment advisory services. SEBI Order for Compliance SEBI Order for Compliance - Completion Order for Recovery Certificate No. 7807 of 2024 against Siddhant Suresh Chandan in the matter of Unregistered Investment Advisory Services SEBI | SEBI Order for Compliance - Completion Order for Recovery Certificate No. 7807 of 2024 against Siddhant Suresh Chandan in the matter of Unregistered Investment Advisory.

India National

SEBI Closes Recovery Proceedings for Gitesh Tikamani HUF Regarding Illiquid Stock Options

SEBI has issued a completion order for Recovery Certificate No. RC6856 of 2023, effectively resolving the enforcement action against Gitesh Tikamani HUF related to illiquid stock options. Completion of Recovery Certificate No. RC6856 of 2023, in respect of Gitesh Tikamani HUF (PAN: AAFHG0088M) in the matter of Illiquid Stock Options Completion of Recovery Certificate No. RC6856 of 2023, in respect of Gitesh Tikamani HUF (PAN: AAFHG0088M) in the matter of Illiquid Stock Options SEBI |.

India National

SEBI Ends Recovery Action Against Siddhant Suresh Chandan for Unregistered Advisory Services

The Securities and Exchange Board of India (SEBI) has issued a Release Order for Siddhant Suresh Chandan, concluding Recovery Certificate No. 7807 of 2024. The certificate stemmed from Chandan's operation of unregistered investment advisory services. SEBI Order for Compliance SEBI Order for Compliance - Release Order for Recovery Certificate No. 7807 of 2024 against Siddhant Suresh Chandan in the matter of Unregistered Investment Advisory Services SEBI | SEBI Order for Compliance - Release Order for.

India National

SEBI Releases Gitesh Tikamani HUF from Recovery Certificate RC6856 of 2023

SEBI has issued a release order for Gitesh Tikamani HUF, effectively concluding recovery proceedings linked to illiquid stock options under Certificate RC6856 of 2023. Release Order Release Order - Recovery Certificate No. RC6856 of 2023 in respect of Gitesh Tikamani HUF (PAN: AAFHG0088M) in the matter of Illiquid Stock Options SEBI | Release Order - Recovery Certificate No. RC6856 of 2023 in respect of Gitesh Tikamani HUF (PAN: AAFHG0088M) in the matter of Illiquid Stock.

World Global

US Forces Sink Six Iranian Vessels Following Ceasefire Dispute in Strait of Hormuz

A US admiral confirmed sinking six Iranian small ships on May 10, 2026, following a reported ceasefire violation in the Strait of Hormuz. Iran denied the losses, asserting it only fired warning shots, though the clash significantly disrupts diplomatic efforts to stabilise the region. US US-Iran Ceasefire Live Updates: A US admiral said US forces sank six small Iranian ships. Iran denied any had been sunk and earlier fired warning shots at US warships

India Tamil Nadu

C. Joseph Vijay Sworn in as Tamil Nadu CM; Speaker Election Scheduled May 12

TVK leader C. Joseph Vijay assumed office as Tamil Nadu’s Chief Minister on May 10, 2026, heading a 10-member cabinet. This political handover is already marked by fiscal tension, as Vijay alleged the outgoing DMK administration left behind a ₹10 lakh crore debt. Former CM M.K. Stalin has countered these claims as the state prepares for its first Assembly session and Speaker elections on May 12.

India Madhya Pradesh

Madhya Pradesh Shifts Conservation Strategy from 'Tiger State' to 'Wildlife State'

Already holding the title of India's 'Tiger State,' Madhya Pradesh is broadening its conservation scope to prioritize habitat management for cheetahs, wild buffaloes, crocodiles, and turtles. From Tiger State To Wildlife State, How Madhya Pradesh Is Rewriting India's Conservation Map While the state is known as India’s “Tiger State,” it is now focusing on protecting many other animals too, including cheetahs, wild buffaloes, crocodiles and turtles

India National

Supreme Court Orders Protection of Delhi Monuments After Private Lease Discovery

On May 10, 2026, the Supreme Court questioned the private leasing of Delhi’s heritage sites, directing police to ensure their immediate protection. The court noted that historical monuments must be shielded from commercial exploitation, reinforcing the state's obligation to preserve cultural assets for the public.

India Punjab

ED Arrests Punjab Industries Minister Sanjeev Arora in GST Fraud Case

The Enforcement Directorate (ED) arrested Punjab Industries Minister Sanjeev Arora on May 9, 2026, following raids at his Chandigarh residence. A court has remanded him to seven days in ED custody as investigators probe his role in a GST fraud and money laundering scheme. Punjab Minister Sanjeev Arora sent to seven Punjab's Industries Minister Sanjeev Arora was arrested on the evening of May 9, 2026, at his official residence in Chandigarh by the Enforcement Directorate.

India Tamil Nadu

Vijay Sworn In as Tamil Nadu CM, Ending Decades of Dravidian Party Dominance

TVK leader Vijay took the oath as Tamil Nadu’s Chief Minister on May 10, 2026, marking the first non-DMK or AIADMK government in sixty years. Backed by 120 MLAs, he becomes the second debutant legislator since 1967 to lead the state and its first Christian Chief Minister.

India Gujarat

Somnath Temple Marks Modern History with 90-Meter Shikhar Kumbhabhishek Ceremony

On May 10, 2026, the Somnath Temple conducted its first modern-era Kumbhabhishek atop its 90-meter Shikhar using water from 11 pilgrimage sites. The 'Amrit Parv' celebration also featured the debut aerial display of the Indian Air Force’s Suryakiran team over the temple town. Somnath Temple To See First For the first time in its modern history, a sacred Kumbhabhishek will be conducted atop the temple's 90-meter-high Shikhar using holy water gathered from 11 prominent pilgrimage.

India Himachal Pradesh

HP High Court Backs Separate Teacher Sub-Cadre and Merit Tests for CBSE Schools

The Himachal Pradesh High Court affirmed the state’s power to establish a distinct sub-cadre for teachers in CBSE-affiliated schools. Validating the use of written exams and counseling for in-service staff, the bench dismissed claims of discrimination, ruling the policy a legitimate exercise of executive authority.

India National

India Pivots Trade Policy to Customs Unions Over Bilateral FTAs in Africa

Officials confirm a shift in India’s African trade strategy, favoring engagement with regional customs unions over traditional bilateral Free Trade Agreements. With $80 billion already invested, the move aims to streamline market access across the continent’s evolving trade blocs. India may not sign FTAs, to opt for deeper ties with customs unions in Africa, say officials India’s cumulative investment in Africa has reached $80 billion, making it one of the major investors in the continent

India Tamil Nadu

Actor-Politician Vijay Takes Oath as Tamil Nadu Chief Minister Today

After winning 108 seats in the 234-member assembly, TVK founder Vijay secured a coalition majority to become Tamil Nadu’s Chief Minister on May 10, 2026. He brings to an end the long-standing political dominance of the DMK and AIADMK. 5 Days, 4 Meetings Later, Vijay's Oath As Tamil Nadu Chief Minister Today Vijay's party, which was formed two years ago, came first in the Tamil Nadu assembly elections this week, winning 108 of the state's.

India National

India's Foreign Exchange Reserves Dip by $7.79 Billion to $690.69 Billion

India's total foreign exchange reserves fell by $7.79 billion to $690.69 billion for the week ending May 1, 2026. The decline was driven by a $5.02 billion drop in gold holdings and a $2.79 billion decrease in Foreign Currency Assets. Reserve Bank of India – Bulletin Weekly Statistical Supplement – Extract 1. Reserve Bank of India - Liabilities and Assets* (₹ Crore) Item 2025 2026 Variation May 02 Apr. 24 May 01 Week Year 1.

India Karnataka

Karnataka to Hold Gram Panchayat Elections Before the End of 2026

Rural Development Minister Priyank Kharge confirmed on May 10, 2026, that Karnataka will conduct its gram panchayat elections before the calendar year-end. The timeline aligns with constitutional requirements for local body polls and aims to revitalize rural governance to manage the state's ongoing drinking water challenges.

World Global

U.S. Targets Cuban Military Conglomerate GAESA With Fresh Economic Sanctions

Senator Marco Rubio defended new U.S. sanctions imposed on May 9, 2026, against GAESA, the Cuban military's business conglomerate. Formed in the 1990s to navigate the economic fallout of the Soviet Union's collapse, GAESA currently holds vast control over Cuba's economy. These measures aim to restrict the military's financial resources by tightening economic constraints on its central business arm.

World Global

Vladimir Putin Declares Russia's War With Ukraine Is Coming To An End

On May 10, 2026, Vladimir Putin announced that the war in Ukraine, which began in February 2022, is nearing its conclusion. The invasion sparked the deepest rift between Russia and the West since the 1962 Cuban Missile Crisis. "Coming To An End": Vladimir Putin On Russia's War With Ukraine Russia's 2022 invasion of Ukraine triggered the most serious crisis in relations between Russia and the West since the 1962 Cuban Missile Crisis, when many people.

India National

C. Joseph Vijay to Take Oath as Tamil Nadu Chief Minister May 10

Tamilaga Vettri Kazhagam (TVK) president C. Joseph Vijay will be sworn in as Chief Minister of Tamil Nadu on May 10, 2026. Following a hung assembly, his government secured 120 seats through an alliance with Congress, VCK, CPI, CPI(M), and IUML, marking the state's first major shift toward coalition politics.

India Jammu and Kashmir

Lawful Lessees Not Unauthorized Occupants Post-Roshni Act Quashing: J&K High Court

The High Court of Jammu & Kashmir and Ladakh clarified that quashing the Roshni Act does not automatically void legitimate lease agreements. Individuals holding valid leases under other land laws cannot be classified as unauthorized occupants or summarily evicted. Lawful Lessees Cannot Be Treated As Unauthorized Occupants Merely Because Roshni Act Was Struck Down: J&K&L High Court

India National

RBI Penalizes Yes Bank ₹31.80 Lakh Over KYC Identifier Compliance Failures

The Reserve Bank of India has fined Yes Bank ₹31.80 lakh for failing to integrate the Central KYC Records Registry's identifier into its customer onboarding process. The penalty, issued under the Banking Regulation Act, 1949, follows a supervisory evaluation of the bank's 2025 financial status.

India Maharashtra

CBI Raids 17 Mumbai Locations Linked to Reliance ADA Group

On May 9, 2026, the Central Bureau of Investigation (CBI) searched 17 premises in Mumbai linked to Reliance ADA Group in connection with three cases involving ₹27,337 crore in alleged losses to banks and LIC. CBI searches 17 premises in Mumbai in connection with 3 cases against Reliance ADA Group companies The total quantum of the alleged loss suffered by banks and the Life Insurance Company (LIC) of India in these cases is ₹27,337 crore

India Tamil Nadu

TVK Leader Vijay Stakes Claim to Form Tamil Nadu’s First Coalition Government

Tamilaga Vettri Kazhagam leader Vijay met Governor Arlekar on May 9, 2026, to formally stake a claim for the Chief Minister’s office. Supported by unconditional letters from the VCK and IUML, the TVK is set to lead the state's first-ever formal coalition government. Tamil Nadu government formation LIVE: Vijay arrives at Lok Bhavan to meet Governor Arlekar TVK leader Aadhav Arjuna said that VCK has handed the letter of support to him, and with this,.

World Hungary

Former Insider Peter Magyar Takes Office as Hungary's Reformist Prime Minister

Peter Magyar assumed office as Hungary’s Prime Minister on May 9, 2026, following a decisive landslide win last month. The former government insider campaigned on a platform centered on deep institutional reform and aggressive anti-corruption measures. Magyar to become Hungary’s ‘regime change’ PM The former government insider-turned-critic scored a landslide victory last month, pledging wide-ranging reforms to fight corruption

India Arunachal Pradesh

Royal Bengal Tiger Spotted in Arunachal's D. Ering Memorial Wildlife Sanctuary After 20 Years

Wildlife officials confirmed the presence of a Royal Bengal Tiger in the D. Ering Memorial Wildlife Sanctuary (DEMWS) in Arunachal Pradesh on May 9, 2026. This marks the first verified sighting of the species in the sanctuary since 2005. Royal Bengal Tiger Spotted In Arunachal Sanctuary After Nearly 20 Years According to officials, the last confirmed evidence of a tiger in DEMWS dates back to 2005, with only unverified sightings reported until around 2007-08.

India West Bengal

Supreme Court Directs West Bengal Governor to Appoint Vice-Chancellors in Three Universities

The Supreme Court has ordered West Bengal's Governor to fill Vice-Chancellor vacancies at three state-aided universities, aiming to resolve a long-standing dispute between the state government and the Raj Bhavan over the governance of 36 institutions. Supreme Court asks West Bengal Governor to appoint VCs to three state A dispute was going on between the governor and Banerjee over the appointment of VCs in 36 state-aided universities Supreme Court asks West Bengal Governor to appoint.

World Geopolitics

US Fighter Jets Disable Iranian Tankers to Enforce Port Blockade

On May 8, 2026, US aircraft disabled two Iranian tankers in the Persian Gulf. Iranian officials condemned the move as a breach of the active ceasefire and a disruption to diplomatic negotiations. Iran A U.S. fighter jet disabled two Iranian-flagged tankers to enforce a port blockade, Iranian officials accused the United States of violating the ceasefire with the tanker strikes and hampering diplomatic efforts to end the conflict

World Corporate Law

Google Settles Racial Discrimination Lawsuit for $50 Million

Google has agreed to pay $50 million to settle claims that it funneled minority staff into lower-paying roles and retaliated against employees who reported a hostile work environment. Google Settles Racial Discrimination Lawsuit For $50 Million The suit claimed the company steered them into lower-level and lower-paid jobs and subjected them to a hostile work environment if they speak out.

India West Bengal

Suvendu Adhikari to Take Oath as West Bengal's First BJP Chief Minister

Suvendu Adhikari is set to be sworn in as West Bengal's first BJP Chief Minister on May 9, 2026. After securing 207 of 293 seats, the BJP ended 15 years of Trinamool Congress governance. Adhikari met Governor R.N. Ravi at Lok Bhavan to formally stake his claim, with the ceremony scheduled at Kolkata’s Brigade Parade Grounds.

India National

Vice Admiral Krishna Swaminathan Appointed Next Chief of Naval Staff

The Union Government has named Vice Admiral Krishna Swaminathan as the next Chief of Naval Staff. He succeeds Admiral Dinesh Kumar Tripathi, who concludes his tenure on May 31, 2026. Government appoints Vice Admiral Krishna Swaminathan as next Chief of Naval Staff The present Chief of the Naval Staff Admiral Dinesh Kumar Tripathi, PVSM, AVSM, NM will retire from service on May 31, 2026

India National

Government Appoints Lt Gen NS Raja Subramani (Retd) as Chief of Defence Staff

Lt Gen NS Raja Subramani (Retd) has been named India's next Chief of Defence Staff. Currently the Military Adviser to the National Security Council Secretariat, he takes command as the military moves toward integrated theatre commands. Government appoints Lt Gen NS Raja Subramani (Retd) as next Chief of Defence Staff Lieutenant General NS Raja Subramani is currently Military Adviser, National Security Council Secretariat from September 1, 2025

India Assam

Assam Government Swearing-In Set for May 12 Following BJP Leadership Vote

Assam’s new government will take office on May 12 at 11 am. Caretaker Chief Minister Himanta Biswa Sarma confirmed the timeline, with the BJP Legislature Party set to formally select its leader on May 10. BJP Legislature Party To Pick New Assam Chief Minister On May 10 Assam caretaker Chief Minister Himanta Biswa Sarma said the swearing-in ceremony of the new Assam government will be held on May 12 at 11 am.

World Space Science

Webb Telescope Obtains Sharpest Surface Data of Rocky Exoplanet LHS 3844 b

NASA's James Webb Space Telescope has successfully mapped the surface of LHS 3844 b, also known as Kua'kua. The rocky exoplanet, which is 30% larger than Earth, orbits a red dwarf star, with new data released by NASA on May 8, 2026. NASA's Webb Telescope Captures Clearest Picture Yet Of Exoplanet Surface NASA's James Webb Space Telescope gathered data on a rocky exoplanet with a diameter about 30% larger than Earth - called LHS 3844.

World Global

Chinese-Crewed Tanker Attacked in Strait of Hormuz; No Casualties Reported

Beijing confirmed a tanker carrying Chinese nationals was attacked in the Strait of Hormuz on May 8, 2026. Though the vessel sustained damage, no crew were harmed. The strike in this critical oil transit corridor follows stalled ceasefire talks and heightens risks for global maritime trade.

India National

RBI Scraps NPA Provision Limit for Including Quarterly Profits in CET1 Capital

The Reserve Bank of India has removed a restrictive 25% cap on NPA provision deviations that previously governed how banks counted quarterly profits toward their regulatory capital. Effective May 8, 2026, this change applies to Commercial, Small Finance, and Payments Banks, streamlining the calculation of the Capital to Risk-weighted Assets Ratio (CRAR).

India National

RBI Fully Subscribes ₹34,000 Crore Auction of New GS 2036 at 6.94% Yield

The Reserve Bank of India concluded the auction for its new 2036 benchmark government security on May 8, 2026, accepting the full ₹34,000 crore notified amount. Market demand met the cut-off yield of 6.94% without requiring Primary Dealers to step in for any devolvement. Government Stock - Auction Results: Cut New GS 2036 I. Notified Amount ₹34,000 crore II. Cut off Yield 6.94% III. Amount accepted in the auction ₹34,000 crore IV. Devolvement on Primary.

World Global

WHO Confirms Hantavirus Outbreak on Atlantic Cruise Ship Near Cape Verde

The World Health Organization confirmed a Hantavirus outbreak on an Atlantic cruise ship docked near Cape Verde on May 8, 2026. Two cases are confirmed with five others suspected, prompting strict quarantine measures to contain the rodent-borne respiratory virus within the vessel. Atlantic Cruise ship Hantavirus outbreak: What we know so far The World Health Organization (WHO) confirmed two cases of the virus, with five additional individuals suspected of infection, as the vessel remains docked.

India National

Niti Aayog Report: Over 1 Lakh Schools Lack Power; 98,000 Without Girls' Toilets

A May 2026 Niti Aayog report reveals that over 1,00,000 Indian schools lack electricity, while 98,592 do not have functional girls' toilets. With 61,540 institutions missing any usable sanitation, the findings point to persistent infrastructure gaps that hamper digital education and female student retention. Over 1 Lakh Schools Lack Power, 98,500 Without Girls' Toilet: Niti Aayog Report Niti Aayog Report: As many as 98,592 schools in the country do not have functional girls' toilets while.

India Jammu and Kashmir

Preliminary Verification Closure No Bar to Subsequent FIR, Rules J&K High Court

The Jammu & Kashmir and Ladakh High Court ruled that closing a preliminary verification is not equivalent to filing a formal closure report under the CrPC. The court clarified that police may register an FIR if subsequent evidence reveals a cognizable offense, preventing initial administrative inquiries from acting as a permanent shield against prosecution.

India West Bengal

West Bengal Tops States in Crimes by Foreigners; Bangladeshis Most Frequently Accused

The National Crime Records Bureau's May 2026 report places West Bengal at the top of the list for crimes committed by foreigners. Nationally, cases against foreign nationals grew from 238 in 2023 to 257 in 2024. Bangladeshi nationals are the primary accused in these incidents, reflecting the persistent legal and demographic complexities along the state's international border.

World Middle East

US Sanctions Iraqi Deputy Oil Minister for Funneling Oil to Iran

The U.S. State Department sanctioned Iraqi Deputy Oil Minister Ali Maarij al-Bahadli on May 8, 2026, alleging he used his office to divert oil supplies to the Iranian regime and its proxy forces. U.S. slaps sanctions on Iraqi deputy oil minister over Iran The deputy Minister, Ali Maarij al-Bahadli, "abused his government position to divert Iraqi oil in support of the Iranian regime and its terrorist proxies," State Department spokesman Tommy Pigott said

India National

SEBI Discontinues Investor Risk Reduction Access (IRRA) Platform Effective May 2026

SEBI has officially shuttered the Investor Risk Reduction Access (IRRA) platform as of May 7, 2026. Initially created as a safety net for investors during stockbroker system failures, the platform is being retired as the regulator shifts technical accountability back to individual brokerage firms. Discontinuation of Investor Risk Reduction Access (IRRA) platform Discontinuation of Investor Risk Reduction Access (IRRA) platform

Recommended For You