Current Affairs — 12 May 2026
Daily news by your exam, state and topic — each with a short summary, key facts and MCQs.
Tue, 12 May 2026
IMD launches its first AI-based monsoon advance forecast and a 1-km rainfall forecast pilot for Uttar Pradesh
On 12 May 2026 Union Minister Jitendra Singh launched IMD's first AI-driven 'Forecast of Monsoon Advance' for 16 states and over 3,000 sub-districts, and a 1-km resolution rainfall forecast pilot for Uttar Pradesh.
Public sector banks post record ₹1.98 lakh crore net profit in FY 2025-26; gross NPA falls to 1.93%
On 12 May 2026 the Finance Ministry said public sector banks earned a record aggregate net profit of ₹1.98 lakh crore in FY 2025-26, their fourth straight profitable year, with gross NPA at a record-low 1.93%.
Retail inflation at 3.48% in April 2026 on new CPI base 2024; food inflation 4.20%
On 12 May 2026 MoSPI said CPI retail inflation (base 2024=100) was 3.48% (provisional) in April 2026, up from 3.40% in March, with food inflation (CFPI) at 4.20%.
Himanta Biswa Sarma sworn in as Assam Chief Minister for a second consecutive term
On 12 May 2026 Governor Lakshman Prasad Acharya administered the oath to Himanta Biswa Sarma as Assam Chief Minister for a second consecutive term at Khanapara, Guwahati, after the NDA won 102 of the 126 Assembly seats.
DFS launches US$1.5 billion Bharat Maritime Insurance Pool backed by ₹12,980-crore sovereign guarantee
On 12 May 2026 the Department of Financial Services launched the US$1.5 billion Bharat Maritime Insurance Pool, with a sovereign guarantee of US$1.4 billion (₹12,980 crore), to keep maritime insurance available amid Middle East tensions.
India and IFAD launch eight-year Country Strategic Opportunities Programme for 2026–2033
On 12 May 2026 India and the International Fund for Agricultural Development launched a new eight-year Country Strategic Opportunities Programme (COSOP) for 2026–2033 to raise rural incomes and resilience.
Mines Ministry launches second tranche of limestone block auctions in Jammu & Kashmir; 12 blocks on offer
On 12 May 2026 the Ministry of Mines launched the second tranche of e-auction of 12 limestone blocks in Anantnag, Rajouri and Poonch districts of Jammu & Kashmir at Srinagar.
Jammu–Srinagar Vande Bharat services carry about 45,000 passengers in first 10 days
The Railway Ministry said on 12 May 2026 that the four Jammu Tawi–Srinagar Vande Bharat services carried 44,727 passengers in the first ten days after their 2 May regularisation.
I4C and Reserve Bank Innovation Hub sign MoU for AI-driven detection of mule accounts
On 12 May 2026 the Indian Cyber Crime Coordination Centre (I4C) of MHA and the Reserve Bank Innovation Hub (RBIH) signed an MoU to feed I4C's Suspect Registry data into AI-driven fraud detection to catch mule accounts.
Karnataka gets 1,243 EV chargers worth ₹123.26 crore under PM E-DRIVE
On 12 May 2026 Heavy Industries Minister H.D. Kumaraswamy announced approval of 1,243 EV chargers for Karnataka with an outlay of ₹123.26 crore under the PM E-DRIVE scheme, at a national EV charging conference in Bengaluru.
President Murmu confers National Florence Nightingale Awards 2026 on 15 nurses
On 12 May 2026, International Nurses Day, President Droupadi Murmu conferred the National Florence Nightingale Awards 2026 on 15 nursing professionals at Rashtrapati Bhavan.
CSIR transfers 13 CSIR-CBRI technologies to industry to mark National Technology Day
On 12 May 2026 CSIR said 13 indigenous technologies of CSIR-Central Building Research Institute, Roorkee, were transferred to industries and start-ups at a National Technology Day event at CSIR headquarters, New Delhi.
NCGG begins first capacity-building programme for Seychelles civil servants in Mussoorie
On 11 May 2026 the National Centre for Good Governance began its first capacity-building programme for 29 senior civil servants of Seychelles, the first step under a February 2026 MoU to train 250 Seychellois officials.