Current Affairs

The Asian Infrastructure Investment Bank (AIIB)

The Asian Infrastructure Investment Bank (AIIB) has launched a $10 billion fund facility to support member countries affected by the economic fallout of the ongoing Middle East conflict. India is the second-largest shareholder in the China-led multilateral lender after China.

Reserve Bank of India

The Reserve Bank of India (RBI) on 22 May 2026 declared a record surplus transfer of Rs 2.87 lakh crore to the government for FY26.

Indian Railways

Indian Railways has electrified 99.6 percent of its broad gauge network, operates about 25,000 trains daily and has carried 741 crore passengers in 2025 26, the government said on 19 May 2026.

Dhruva Space

Hyderabad-based spacetech startup Dhruva Space has received a grant of Rs.105 crore from the Government of Indias Research, Development and Innovation Fund, commonly known as RDIF on 14 May 2026.

Reserve Bank Innovation Hub (RBIH)

The Indian Cyber Crime Coordination Centre (I4C) under the Ministry of Home Affairs (MHA) and the Reserve Bank Innovation Hub (RBIH) have signed a Memorandum of Understanding (MoU) to strengthen collaboration in combating cyber-enabled financial frauds and curbing mule accounts across Indias banking and digital payments ecosystem.

Public Sector Banks (PSBs)

Public Sector Banks (PSBs) recorded their highest-ever aggregate net profit of Rs.1.98 lakh crore in the financial year 2025 26, marking the fourth consecutive year of profitability, according to data released by the Finance Ministry on 12 May 2026.

Reserve Bank of India (RBI)

The Reserve Bank of India (RBI) and the European Central Bank (ECB) have signed a Memorandum of Understanding (MoU) aimed at enhancing cooperation in the field of central banking.

SBI Research Report

An SBI Research Report for May 2026 has said that Indias economy is projected to grow at 6.6 in the Financial Year 2026-27, as against the GDP growth for the Financial Year 2025-26, which is likely to be at 7.5.

India and Trinidad and Tobago have signed eight agreements

India and Trinidad and Tobago have signed eight agreements in sectors including tourism, healthcare, infrastructure and Ayurveda on 10 May 2026. This was hapend during External Affairs Minister S Jaishankars two-day visit to the Caribbean nation.

India and Vietnam

India and Vietnam signed 13 Memoranda of Understanding (MoUs) across diverse sectors on 6 May 2026. The decisions were taken following wide-ranging talks between Prime Minister Narendra Modi and Vietnamese President To Lam at Hyderabad House in New Delhi.

Indias Direct Tax Collections

Indias direct tax collections grew 5.12 percent to over Rs.23.40 lakh crore in 2025-26, but missed the revised target set for the fiscal year that ended March 2026.

Reserve Bank of India

The Reserve Bank of India has said that 98.47 percent of the 2,000 rupees denomination banknotes in circulation have been returned, nearly three years after it announced their withdrawal.

Foreign Direct Investment (FDI)

The Finance Ministry on 2 May 2026 notified 100 foreign direct investment (FDI) in the insurance sector under the automatic route.

The Goods and Services Tax (GST)

The Goods and Services Tax (GST) gross collections in April 2026 rose to an all-time high of Rs.2.42 lakh crore. Collections in the corresponding month of the last fiscal stood at Rs.2.33 lakh crore — a year-on-year growth of 8.7 percent.