Weekly Current Affairs (25–31 May 2026) for UPSC, SSC, Banking, Railways & State PSC Exams
The week of 25–31 May 2026 witnessed several important developments across governance, economy, banking, defence, science & technology, international relations, healthcare, and social welfare. Major highlights included the RBI’s record dividend transfer, India–Italy Special Strategic Partnership, QUAD Foreign Ministers’ Meeting, SARTHAK-PDS Scheme, AMCA fighter programme, National Health Accounts Report, and significant advancements in India's space and semiconductor sectors. For competitive examination aspirants, this week is highly important because it covers multiple themes frequently asked in UPSC Prelims & Mains, SSC CGL, Banking Exams, Railways, Defence Exams, and State PSCs. The compilation below provides a consolidated revision resource with detailed explanations and quick facts.
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Introduction
The last week of May 2026 was marked by significant developments in India's economic governance, defence preparedness, international diplomacy, social welfare initiatives, digital governance reforms, healthcare investments, and scientific achievements. The government launched several welfare and digital initiatives, strengthened strategic partnerships with major nations, approved large-scale infrastructure and food security schemes, and continued promoting self-reliance in defence and technology sectors.
For exam aspirants, these developments are relevant not only from a current affairs perspective but also because they connect directly with static topics such as the RBI Act, WTO, WHO, Public Distribution System, Defence Manufacturing, Space Technology, Biodiversity Conservation, and India's Foreign Policy.
📅 25 May 2026
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Daily Current Affairs - 24 & 25 May 2026
JEEVAN App and SHATAYU Dashboard Launched
The Ministry of Social Justice and Empowerment (MSJE) launched the JEEVAN Mobile Application and SHATAYU Dashboard to improve welfare delivery for senior citizens. The initiative reflects India's increasing focus on elderly care, digital inclusion, and social security.
The JEEVAN platform integrates welfare schemes, emergency services, support programmes, and information services for senior citizens. The SHATAYU Dashboard provides real-time information on trained geriatric caregivers across districts and states, helping policymakers identify gaps in elderly care infrastructure.
Key Points
- JEEVAN = Joint Elderly Empowerment & Virtual Assistance Network
- SHATAYU = Senior Holistic Care Assistance and Training For Your Utility
- Ministry: MSJE
- Focus: Senior Citizen Welfare
- Supports Digital Governance
ANRF Selects 10 Centres of Excellence
The Anusandhan National Research Foundation (ANRF) selected ten institutions under the Convergence Research Centres of Excellence Programme. The initiative aims to promote interdisciplinary research across AI, robotics, sustainability, digital humanities, and computational sciences.
Static GK Link
- ANRF linked with National Education Policy (NEP) 2020
- Funding up to ₹25 crore
- Duration: 5 Years
PM Narendra Modi's Italy Visit
India and Italy elevated their bilateral ties to a Special Strategic Partnership (SSP). Both countries signed agreements in defence, critical minerals, maritime cooperation, agriculture, and climate research.
Key Facts
- Italy PM: Giorgia Meloni
- Trade Target: EUR 20 Billion by 2029
- FAO Agricola Medal awarded to PM Narendra Modi
- 2027 declared Year of Culture and Tourism
RBI Transfers Record Dividend
The Reserve Bank of India (RBI) approved a record dividend transfer of ₹2.87 lakh crore to the Government of India.
Why Important?
This strengthens government finances and provides additional fiscal space for welfare and infrastructure spending.
Static GK Link
- Governed by Section 47 of RBI Act, 1934
- RBI Governor: Dr. Sanjay Malhotra
- CRB maintained at 6.5%
Agni-1 Missile Test
India successfully tested the Agni-1 Short Range Ballistic Missile from Chandipur, Odisha.
Key Facts
- Conducted under Strategic Forces Command
- Nuclear-capable missile
- Strengthens India's strategic deterrence
📅 26 May 2026
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Daily Current Affairs - 26 May 2026
BHAVYA Scheme Guidelines Released
The Department for Promotion of Industry and Internal Trade (DPIIT) released guidelines for implementing the BHAVYA (Bharat Audyogik Vikas Yojana) scheme.
Key Features
- Outlay: ₹33,660 crore
- 100 Industrial Parks
- Linked with Make in India
- Supports PM Gati Shakti
Suryastra Rocket System Flagged Off
Defence Minister Rajnath Singh inaugurated the NIBE Defence Manufacturing Complex in Maharashtra and flagged off Suryastra, India's indigenous 300-km Universal Rocket Launching System.
New Space-Tech Facilities
The Department of Space approved:
- Space Manufacturing Park (Gujarat)
- Space Vehicles Cluster (Tamil Nadu)
These facilities support private participation in India's growing space ecosystem.
India Supports Ethiopia's WTO Accession
India signed a bilateral protocol supporting Ethiopia's accession to the WTO.
Static GK
- WTO HQ: Geneva
- Established: 1995
- Replaced GATT
📅 27 May 2026
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Daily Current Affairs - 27 May 2026
IBCA Pre-Summit in Bhopal
The International Big Cat Alliance (IBCA) Pre-Summit was held in Bhopal.
Highlights
- Saudi Arabia became 26th member
- Focus on conservation of seven big cat species
- Linked with International Day for Biological Diversity
Static GK
- Project Tiger launched in 1973
- Madhya Pradesh = Tiger State of India
RBI Cooling-Off Rule for Cooperative Banks
RBI introduced a 3-year cooling-off period for directors of Urban and Rural Cooperative Banks after completing ten consecutive years.
SIDBI MSME Initiatives
Finance Minister Nirmala Sitharaman launched:
- SIDBI-RRB Co-Lending Platform
- MoRE Programme
- Micro Credit Card Scheme
79th World Health Assembly
WHO conducted the 79th World Health Assembly in Geneva.
Key Themes
- Stroke
- Tuberculosis
- Antimicrobial Resistance (AMR)
- Precision Medicine
📅 28 May 2026
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Daily Current Affairs - 28 May 2026
Sports Governance Reforms
The government notified:
- National Sports Board (NSB)
- National Sports Tribunal (NST)
under the National Sports Governance Act, 2025.
PM-AJAY Portal Launched
The PM-AJAY Portal and mobile application were launched to digitize welfare delivery for Scheduled Castes.
11th QUAD Foreign Ministers' Meeting
Held in New Delhi.
Key Outcomes
- Indo-Pacific Maritime Surveillance Collaboration
- Energy Security Initiative
- Critical Minerals Cooperation
- AI-ENGAGE Programme
QUAD Members
- India
- USA
- Japan
- Australia
India Semiconductor Mission Portal
The Investors Support Portal was launched to facilitate semiconductor investments under the Semicon India Programme.
📅 29 May 2026
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Daily Current Affairs - 29 May 2026
SARTHAK-PDS Scheme Approved
The Cabinet approved SARTHAK-PDS with an outlay of ₹25,530 crore.
Benefits
- Modernization of PDS
- Improved foodgrain movement
- Better transparency
- Support to 81.35 crore beneficiaries
India-US Critical Minerals Framework
India and the United States signed a framework to secure supply chains for critical minerals and rare earth elements.
AMCA Fighter Programme
The Ministry of Defence issued RFP for the Advanced Medium Combat Aircraft (AMCA).
Key Facts
- India's first indigenous fifth-generation fighter
- Estimated cost: ₹15,000 crore
- Implemented by ADA and DRDO
Loktak Protocluster Discovery
Scientists discovered the Loktak Protocluster, estimated to be 12.6 billion years old, providing insights into early galaxy formation.
📅 30 May 2026
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Daily Current Affairs - 30 May 2026
National Health Accounts FY23
Government Health Expenditure increased from ₹1.30 lakh crore in FY14 to ₹3.85 lakh crore in FY23.
Key Statistics
- Total Health Expenditure: ₹8.81 lakh crore
- Share of GDP: 3.37%
NeSDA 2025 Portal
DARPG launched the National e-Governance Service Delivery Assessment (NeSDA) Portal.
AI-Based Su-30MKI Maintenance
The Indian Air Force partnered with IIT Bombay for AI-driven predictive maintenance of Su-30MKI aircraft.
India's First Stratospheric Balloon
The VISTA Balloon under Mission SANA reached an altitude of approximately 25 km, placing India among a select group of nations possessing indigenous SPB technology.
📅 31 May 2026
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Daily Current Affairs - 31 May 2026
Logistics Port Performance Index (LPPI)
The Ministry of Ports launched LPPI to benchmark Indian port efficiency.
Two New SEZs in Puducherry
Approved investment:
- ₹725 crore IT/ITES SEZ
- ₹1,250 crore Multi-Sector SEZ
India-Canada CEPA Discussions
Both nations aim to finalize CEPA by the end of 2026 and target bilateral trade of USD 50 billion by 2030.
Chandrayaan-2 Lunar Ice Discovery
Scientists identified evidence of subsurface lunar ice near the Moon's south pole using DFSAR data.
National Affairs - Weekly Revision
Key Developments
- JEEVAN App & SHATAYU Dashboard
- BHAVYA Scheme
- PM-AJAY Portal
- SARTHAK-PDS
- LPPI Launch
- NeSDA Portal
Quick Revision Table
| Initiative | Ministry | Objective |
|---|---|---|
| JEEVAN | MSJE | Senior Citizen Welfare |
| PM-AJAY | MoSJE | SC Welfare |
| BHAVYA | DPIIT | Industrial Parks |
| SARTHAK-PDS | Food & Public Distribution | Food Security |
| LPPI | MoPSW | Port Efficiency |
Economy & Banking
| Topic | Key Fact | Exam Relevance |
| RBI Dividend | ₹2.87 lakh crore | Monetary Policy |
| SIDBI Initiatives | MSME Financing | Banking |
| Critical Minerals Framework | India-USA | Economy |
| Semiconductor Mission | ₹76,000 crore | Industrial Policy |
| Taiwan Stock Market | USD 4.95 Trillion | Global Economy |
Defence & Security
| Topic | Key Facts |
| Agni-1 Missile | SRBM Test |
| Suryastra | 300 km Rocket System |
| AMCA | 5th Generation Fighter |
| Su-30MKI AI Maintenance | IIT Bombay Partnership |
| QUAD Cooperation | Indo-Pacific Security |
Science & Technology
- Space Manufacturing Park (Gujarat)
- Space Vehicles Cluster (Tamil Nadu)
- Loktak Protocluster Discovery
- Chandrayaan-2 Lunar Ice Evidence
- VISTA Stratospheric Balloon
- NASA Moon Base Plan
Weekly Key Highlights
- RBI transferred record ₹2.87 lakh crore dividend.
- India and Italy elevated ties to Special Strategic Partnership.
- BHAVYA Scheme implementation guidelines released.
- Suryastra rocket system introduced.
- IBCA expanded to 26 member countries.
- WHO conducted 79th World Health Assembly.
- QUAD Foreign Ministers met in New Delhi.
- PM-AJAY Portal launched.
- SARTHAK-PDS approved with ₹25,530 crore outlay.
- India-US Critical Minerals Framework signed.
- AMCA fighter programme advanced.
- National Health Accounts FY23 released.
- India launched VISTA balloon.
- LPPI introduced for ports.
- Chandrayaan-2 detected subsurface lunar ice.
One-Liner Revision
- RBI dividend transfer for FY26 - ₹2.87 lakh crore.
- Italy PM - Giorgia Meloni.
- JEEVAN App launched for senior citizens.
- SHATAYU is a caregiver dashboard.
- BHAVYA scheme outlay - ₹33,660 crore.
- 100 industrial parks under BHAVYA.
- Suryastra range - 300 km.
- Saudi Arabia became 26th IBCA member.
- WHO held 79th World Health Assembly.
- QUAD meeting held in New Delhi.
- PM-AJAY launched for Scheduled Castes.
- SARTHAK-PDS outlay - ₹25,530 crore.
- AMCA is India's fifth-generation fighter.
- Loktak Protocluster age - 12.6 billion years.
- Total Health Expenditure FY23 - ₹8.81 lakh crore.
- VISTA balloon reached 25 km altitude.
- LPPI launched by Sarbananda Sonowal.
- Chandrayaan-2 detected lunar ice.
- CEPA discussions held with Canada.
- Two new SEZs approved in Puducherry.
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