Banking & Insurance Current Affairs — All time
Daily news by your exam, state and topic — each with a short summary, key facts and MCQs.
Sun, 10 May 2026
Amit Shah reviews flood and heatwave preparedness; asks for Flood Crisis Management Teams in every state
On 10 May 2026 Union Home Minister Amit Shah reviewed national preparedness for floods and heat waves, asking for Flood Crisis Management Teams in every state and an early warning system for at least 60 high-risk lakes.
Indian women's recurve team wins gold at Archery World Cup Stage 2 in Shanghai, beating China in a shoot-off
On 10 May 2026 Deepika Kumari, Ankita Bhakat and Kumkum Mohod won the women's recurve team gold at the Archery World Cup Stage 2 in Shanghai, beating hosts China 5-4 (28-26) in a shoot-off.
INS Sagardhwani visits Cam Ranh, Vietnam to deepen India–Vietnam maritime and scientific cooperation
The Navy said on 10 May 2026 that its oceanographic research vessel INS Sagardhwani visited Cam Ranh, Vietnam from 4 to 8 May 2026, where DRDO's NPOL scientists engaged with Vietnamese oceanographers.
Sat, 09 May 2026
Government appoints Lt Gen N. S. Raja Subramani (Retd) as CDS and Vice Adm Krishna Swaminathan as Chief of the Naval Staff
On 9 May 2026 the Government appointed Lt Gen N. S. Raja Subramani (Retd) as the next Chief of Defence Staff, succeeding Gen Anil Chauhan, and Vice Admiral Krishna Swaminathan as the next Chief of the Naval Staff, succeeding Admiral Dinesh Kumar Tripathi.
Jan Suraksha schemes PMJJBY, PMSBY and Atal Pension Yojana complete 11 years
On 9 May 2026 the Jan Suraksha schemes — PM Jeevan Jyoti Bima Yojana, PM Suraksha Bima Yojana and Atal Pension Yojana, launched on 9 May 2015 — completed 11 years, with PMSBY enrolments at 58.09 crore and APY at 9.04 crore.
National Panchayat Awards 2025 announced for 42 panchayats; Sepahijala (Tripura) named best district
On 9 May 2026 the Ministry of Panchayati Raj announced the National Panchayat Awards 2025 for 42 panchayats from 17 States/UTs, with Sepahijala in Tripura named Best District Panchayat; the ceremony is on 3 June 2026.
Fri, 08 May 2026
ECI publishes Index Cards and Statistical Reports for 830 Assembly constituencies within 72 hours on ECINET
On 8 May 2026 the Election Commission of India published the Index Cards and 14 Statistical Reports for all 830 Assembly constituencies that went to polls in the 2026 Assembly elections and bye-elections, the first time the reports came within 72 hours of results.
India and Canada conclude second round of CEPA negotiations in New Delhi; next round in Ottawa in July
On 8 May 2026 India and Canada concluded the second round of negotiations for a Comprehensive Economic Partnership Agreement (CEPA), held from 4 to 8 May at Vanijya Bhawan, New Delhi, with the next round set for July 2026 in Ottawa.
10th India–Australia Defence Policy Talks held in New Delhi
On 8 May 2026 the 10th India–Australia Defence Policy Talks were held in New Delhi, co-chaired by Joint Secretary Amitabh Prasad and Australia's First Assistant Secretary Bernard Philip, with both sides looking ahead to the first India–Australia Joint Staff Talks later this year.
India hosts ISO subcommittee meetings on Space Systems and Operations for the first time
The Bureau of Indian Standards hosted the 35th Plenary and Working Group meetings of the ISO TC 20/SC 14 'Space Systems and Operations' subcommittee in New Delhi, the first time India hosted them, with 131 delegates from 13 countries, the Consumer Affairs Ministry announced on 8 May 2026.
Thu, 07 May 2026
India Pavilion opens at the 61st Venice Biennale with 'Geographies of Distance: remembering home'
On 7 May 2026 the Pavilion of India opened at the 61st International Art Exhibition of La Biennale di Venezia with 'Geographies of Distance: remembering home', curated by Dr Amin Jaffer, marking India's return to the Biennale Arte since 2019.
Nation marks first anniversary of Operation Sindoor; PM salutes armed forces
On 7 May 2026 PM Narendra Modi saluted the armed forces on one year of Operation Sindoor, the strikes of 7 May 2025 on nine terrorist sites in Pakistan and Pakistan-occupied Jammu and Kashmir after the Pahalgam terror attack.
IndiaAI and ICMR sign MoU to accelerate responsible AI adoption in healthcare
On 7 May 2026 IndiaAI, under MeitY, signed an MoU with the Indian Council of Medical Research (ICMR) under which ICMR will share datasets and models from its MIDAS framework on the AIKosh platform and get subsidised GPU compute.
MoSPI releases uniform guideline for compiling Gross State Value Added with base year 2022-23
On 7 May 2026 MoSPI released a uniform guideline for States and UTs to compile Gross State Value Added (GSVA) estimates with the new base year 2022-23, prepared by a sub-committee on regional accounts chaired by Prof. Ravindra H. Dholakia.
101 auctioned mineral blocks operationalised since 2015 auction regime; Odisha leads
On 7 May 2026 the Ministry of Mines said 101 auctioned mineral blocks have been operationalised since the auction regime began in 2015, led by Odisha with 34, while FY 2025–26 saw a record 212 blocks auctioned.
Commerce Secretary visits Switzerland to advance India–EFTA TEPA implementation
On 6–7 May 2026 Commerce Secretary Rajesh Agarwal visited Switzerland to review implementation of the India–EFTA Trade and Economic Partnership Agreement (TEPA), India's first trade agreement with the EFTA economies, as India's exports to Switzerland crossed USD 1.2 billion in FY 2025–26.
Wed, 06 May 2026
NITI Aayog releases policy report on India's school education system and roadmap for quality
On 6 May 2026 NITI Aayog Vice Chairman Suman Bery and CEO Nidhi Chhibber released the report 'School Education System in India: Temporal Analysis and Policy Roadmap for Quality Enhancement', covering 14.71 lakh schools and over 24.69 crore students across all 36 States and UTs.
India and Vietnam elevate ties to Enhanced Comprehensive Strategic Partnership during To Lam's State Visit
On 6 May 2026 PM Narendra Modi and Vietnam's General Secretary and President To Lam elevated India–Vietnam relations to an Enhanced Comprehensive Strategic Partnership, in the 10th anniversary year of their Comprehensive Strategic Partnership, and witnessed the exchange of MoUs on rare earths, digital payments and more.
Shashi Shekhar Vempati appointed Chairperson of the Central Board of Film Certification
On 6 May 2026 the Ministry of Information and Broadcasting appointed Shashi Shekhar Vempati as Chairperson of the Central Board of Film Certification (CBFC) for three years, after Prasoon Joshi stepped down on becoming Chairman of Prasar Bharati.
ASUSE 2025: 7.92 crore unincorporated non-agricultural establishments; women head over 60% of manufacturing units
On 6 May 2026 MoSPI released the detailed report of the Annual Survey of Unincorporated Sector Enterprises (ASUSE) 2025, which estimates 7.92 crore unincorporated non-agricultural establishments and finds female proprietors heading over 60% of manufacturing establishments.
Education Ministry launches School Management Committee (SMC) Guidelines 2026
On 6 May 2026 Union Education Minister Dharmendra Pradhan launched the School Management Committee (SMC) Guidelines 2026 at Vigyan Bhawan, New Delhi, to translate NEP 2020 into action across India's nearly 15 lakh schools through community participation.
Tue, 05 May 2026
Cabinet approves Bill to raise Supreme Court judge strength from 33 to 37
On 5 May 2026 the Union Cabinet approved introducing the Supreme Court (Number of Judges) Amendment Bill, 2026 in Parliament to raise the number of Supreme Court judges, excluding the Chief Justice of India, from 33 to 37.
Cabinet approves ₹5,659.22 crore Mission for Cotton Productivity for 2026–27 to 2030–31
On 5 May 2026 the Union Cabinet approved the Mission for Cotton Productivity with an outlay of ₹5,659.22 crore for 2026–27 to 2030–31, aligned with the '5F' vision, to raise cotton yields and quality and make India self-sufficient in cotton.
Cabinet approves Emergency Credit Line Guarantee Scheme 5.0 with ₹5,000 crore for airlines
On 5 May 2026 the Union Cabinet approved ECLGS 5.0, targeting additional credit of ₹2,55,000 crore for MSMEs, other businesses and airlines hit by the West Asia situation, including ₹5,000 crore for airlines.
Inaugural India–Algeria defence Joint Commission meets in New Delhi
On 5 May 2026 India and Algeria held the inaugural meeting of their defence Joint Commission in New Delhi, co-chaired by Joint Secretary Amitabh Prasad and Algeria's Chief of Staff of the Naval Forces Maj Gen Kaid Nour Eddine, and signed its Rules of Procedure.
Sugarcane FRP fixed at ₹365 per quintal for sugar season 2026–27
On 5 May 2026 the CCEA approved a Fair and Remunerative Price (FRP) of ₹365 per quintal for sugarcane for sugar season 2026–27 at a basic recovery rate of 10.25%, 2.81% higher than the current season.
India and EU launch €15.2 million joint call on EV battery recycling under the TTC
On 5 May 2026 India and the EU launched a third coordinated call for proposals on recycling EV batteries under Working Group 2 of the India–EU Trade and Technology Council, with a combined €15.2 million (~₹169 crore) funding pool and a deadline of 15 September 2026.
DFS approves Viability Plan 2.0 for Regional Rural Banks for 2025-26 to 2027-28
On 5 May 2026 the Department of Financial Services said it has approved Viability Plan 2.0 for Regional Rural Banks for 2025-26 to 2027-28, with 30 performance parameters across four pillars, covering all 28 RRBs.
Mon, 04 May 2026
Summer crop sowing reaches 81.60 lakh hectares, 2.60 lakh hectares more than last year
Summer crops had been sown on 81.60 lakh hectares as on 1 May 2026, against 79.00 lakh hectares a year earlier, the Agriculture Ministry said on 4 May 2026, with coarse cereals and oilseeds up and rice down.
Health Ministry launches Fire Safety Week (4–10 May 2026) and new fire safety guidelines for hospitals
The Union Health Ministry began a nationwide Fire Safety Week from 4 to 10 May 2026 with a pledge on 'Fire Safety in Health Facilities' led by Health Secretary Punya Salila Srivastava, and unveiled the National Guidelines on Fire and Life Safety in Healthcare Facilities (2026).