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Daily Current Affairs

Wednesday, May 27, 2026

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Current Affairs (EXAMIVERSE) — 27 May, 2026 (Wednesday)

Verified Sources: PIB India, The Hindu, DD News, Ministry of Ayush, Ministry of Earth Sciences, and NITI Aayog.
For Exams: SSC CGL, Banking (IBPS/SBI), UPSC, KPSC + State PSCs

Indian Railways

📋 Government Schemes & Economy

  • Government Approves Merger of Konkan Railway Corporation Limited (KRCL) with Indian Railways

    • What: The Union Cabinet has approved the historic merger of the Konkan Railway Corporation Limited (KRCL) with the Indian Railways, integrating the coastal route completely with the national network.
    • Details:
      • KRCL was established in 1990 as a Public Sector Undertaking (PSU) under the Ministry of Railways to construct and operate the 741 km coastal railway line.
      • Before the merger, the equity shareholding was split between the Ministry of Railways (51%) and four state governments: Maharashtra (22%), Karnataka (15%), Goa (6%), and Kerala (6%).
      • The line connects Roha in Maharashtra to Thokur in Karnataka, passing through Goa.
      • The merger will eliminate dual administration, optimize freight operations, reduce maintenance overheads, and allow direct funding from the union budget for critical doubling and electrification projects.
    • Exam Angle:
      • Length of Konkan railway route: 741 km.
      • States covered: Maharashtra, Goa, Karnataka.
      • Year of establishment of KRCL: 1990.
      • Head of the Committee that proposed the route alignment: E. Sreedharan (popularly known as the "Metro Man" of India).
      • First passenger train on Konkan route ran in: 1998.

  • India Surpasses Japan to Become World's Fourth-Largest Economy: NITI Aayog

    • What: According to a briefing paper released by NITI Aayog, India has officially overtaken Japan in nominal GDP terms to become the world's fourth-largest economy.
    • Details:
      • The report attributes this milestone to consistent 6.5%+ GDP growth over successive quarters, powered by domestic capital expenditure, industrial production, and digital services exports.
      • The growth is further supported by the government's PLI (Production Linked Incentive) schemes across 14 key sectors.
      • India now trails only the United States, China, and Germany in economic size.
    • Exam Angle:
      • India's rank in nominal GDP: 4th.
      • Country overtaken: Japan.
      • Next target country ahead of India: Germany (3rd position).
      • Concept of Nominal GDP vs Purchasing Power Parity (PPP) GDP (India is 3rd in PPP terms).
      • Government target for India's economy: $5 Trillion.

🚀 Science & Technology

  • Ministry of Earth Sciences Launches "Bharat Forecasting System" (BFS)
    • What: The Ministry of Earth Sciences has officially rolled out the "Bharat Forecasting System" (BFS) to deliver high-resolution weather predictions.
    • Details:
      • The BFS is an indigenously developed, next-generation numerical weather prediction system.
      • It was designed and calibrated by the Indian Institute of Tropical Meteorology (IITM) in Pune.
      • It operates at a ultra-high grid resolution of 6 km × 6 km, enabling accurate micro-level forecasting for blocks and panchayats, which is critical for agricultural planning and early warnings.
      • The system leverages the upgraded supercomputers Pratyush and Mihir with enhanced petaflops computing capacity to run complex weather simulation models.
    • Exam Angle:
      • Developing institution: IITM, Pune.
      • Resolution capability: 6 km × 6 km.
      • Nodal Ministry: Ministry of Earth Sciences.
      • Key application: Localized early warnings for extreme weather events.
      • Supercomputers involved: Pratyush and Mihir.

🩺 Health & Governance

  • Ministry of Ayush Signs MoU with WHO for Traditional Medicine Module
    • What: The Ministry of Ayush and the World Health Organization (WHO) have signed a historic agreement to establish a standard Traditional Medicine module in the WHO's International Classification of Health Interventions (ICHI).
    • Details:
      • This project aims to integrate terminology and diagnostic coding for Ayurveda, Siddha, Unani, and Yoga into the global classification system.
      • It will facilitate international collaborative research, global medical tourism, and standardized statistical reporting on Ayush therapies.
      • The classification will help insurance companies globally to cover traditional Indian treatments under standardized insurance codes.
    • Exam Angle:
      • Signatory organization: WHO & Ministry of Ayush.
      • Classification framework: ICHI (International Classification of Health Interventions).
      • HQ of WHO: Geneva, Switzerland.
      • Headquarters of WHO Global Centre for Traditional Medicine (GCTM): Jamnagar, Gujarat.

âš¡ State-Specific News

  • Karnataka: Chief Minister launches the 'Kalyana Karnataka Infrastructure Mission 2026' with a budgetary allocation of ₹5,000 crore to construct rural roads and public health centers.
  • Maharashtra: The State Cabinet approves the 'Coastal Highway Expansion Plan' to link coastal tourism spots directly to major expressways.
  • Tamil Nadu: State government partners with MSME associations to establish India's first dedicated green-hydrogen industrial park near Thoothukudi.

âš¡ Quick Revision Points (SSC & Banking Special)

  • May 27: The Union Cabinet approved the merger of Konkan Railway (KRCL) with Indian Railways.
  • 741 km: Total length of the Konkan Railway network integrated into Indian Railways.
  • 1990: Year of establishment of Konkan Railway Corporation Limited (KRCL).
  • E. Sreedharan: Renowned engineer who led the construction of the Konkan Railway project.
  • 4th: India's new rank among the world's largest economies, surpassing Japan.
  • NITI Aayog: Released the briefing paper detailing India's economic advancement over Japan.
  • BFS: "Bharat Forecasting System" launched by the Ministry of Earth Sciences.
  • 6 km × 6 km: Grid resolution of the newly launched Bharat Forecasting System.
  • IITM Pune: Indian Institute of Tropical Meteorology, developer of the BFS.
  • Pratyush & Mihir: Supercomputers processing data for the Bharat Forecasting System.
  • ICHI: International Classification of Health Interventions framework under WHO.
  • Ayush MoU: Signed between the Ministry of Ayush and WHO to standardize traditional medicine terminologies.
  • Jamnagar: Location of the WHO Global Centre for Traditional Medicine (GCTM).
  • May 26: ISRO successfully launched the NVS-02 navigation satellite using GSLV-F15 (recap).
  • UNHRC: India re-elected to the UN Human Rights Council for the 2027-2029 term (recap).
  • ₹2,86,588.46 Crore: Record RBI surplus transfer to the Government of India for FY26 approved (recap).
  • $100 Billion: India's target for textile exports by 2030 reiterated by Finance Minister Nirmala Sitharaman (recap).
  • BHAVYA: DPIIT released guidelines for the "Bharat Audyogik Vikas Yojna" to develop world-class industrial parks (recap).
  • ACPIT: Advanced Certificate Program in International Trade launched at TEXPROCIL awards (recap).
  • May 25: President Droupadi Murmu presented the Padma Awards 2026 at Rashtrapati Bhavan (recap).
  • May 24: India successfully test-fired tactical SRBM Agni-1 from Chandipur, Odisha (recap).
  • Marco Rubio: US Secretary of State visited New Delhi for talks with EAM S. Jaishankar (recap).
  • 10% by 2047: NITI Aayog's services sector market share target under the "Education to Employment and Enterprise" committee (recap).
  • Ebola Advisory: Issued by India for DRC, Uganda, and South Sudan after WHO's PHEIC declaration (recap).
  • May 23: World Turtle Day (Theme: "Shellebrate") (recap).
  • Governance Summit 2026: Hosted by MeitY and ISB at Mohali campus with the theme "Inclusive AI for Viksit Bharat" (recap).
  • NISM & IICA: Signed an MoU to cooperate in corporate governance and ESG research (recap).
  • May 22: International Day for Biological Diversity (Theme: "Acting locally for global impact") (recap).
  • Strategic Partnership: Elevated relationship status between India and Cyprus during President Nikos Christodoulides' visit (recap).
  • 2026–2031: Roadmap duration for defence cooperation between India and Cyprus (recap).
  • 6.4%: India's 2026 GDP growth rate projected by the United Nations (recap).
  • ₹167 Crore: Outlay for the "Arunachal Kiwi" Mission launched by Jyotiraditya Scindia (recap).
  • PRAGATI 2026: Multilateral military exercise involving 12 nations at Umroi Military Station, Meghalaya (recap).
  • IAEA RCA: India assumed chairmanship of the Regional Cooperative Agreement for 2026 (recap).
  • 'RAINMUMBAI': First weather derivative contract launched by NCDEX (recap).
  • May 21: International Tea Day & World Day for Cultural Diversity (recap).
  • Rajnath Singh: Visited South Korea and inaugurated the Indian War Memorial (recap).
  • 6.6%: India's FY27 GDP growth rate projected by CRISIL and S&P Global (recap).
  • Beijing: Venue of the Xi Jinping-Vladimir Putin bilateral summit (recap).
  • May 20: World Bee Day & World Metrology Day (recap).
  • "Mission Coffees of Nagaland": Outlay of ₹175 crore launched by Jyotiraditya Scindia and Neiphiu Rio (recap).
  • ULPGM-V3: DRDO's drone-launched precision-guided missile successfully tested in Kurnool (recap).
  • Slice SFB: Launched India's first AI-powered "phygital" branch in Guwahati (recap).
  • World Family Doctor Day: Observed on May 19 with theme "Compassionate Care in a Digital World" (recap).
  • 38 Judges: Proposed strength of Supreme Court under Article 124(1) (recap).
  • Green Strategic Partnership: Signed between India and Norway (recap).
  • Emirates NBD: Dubai bank investing ₹26,850 crore ($3 Billion) in RBL Bank (recap).
  • Tripura: Site of the new ₹42.4 crore Integrated Aquapark in Kailashahar (recap).
  • International Museum Day: May 18 (Theme: "Museums Uniting a Divided World") (recap).
  • Royal Order of the Polar Star: Sweden's highest civilian honor conferred on PM Modi (recap).
  • 58th Jnanpith Award: Presented to Gulzar and Jagadguru Rambhadracharya on May 17 (recap).
  • World Telecommunication Day: Observed on May 17 with "Digital Lifelines" theme (recap).
  • Sikkim: Celebrated 51st statehood day on May 16 (recap).
  • ₹3,706 Crore: Outlay for HCL-Foxconn semiconductor plant in Jewar approved on May 16 (recap).
  • Bio-Foundry: India's first DST-ICGEB Bio-Foundry opened in Delhi (recap).
  • 5.1%: Latest PLFS urban unemployment rate (recap).
  • 26.8%: Urban Female LFPR rate in India (recap).
  • VB–G RAM G: Upcoming rural program replacing MGNREGA with 125 days of work (recap).
  • BMIP: Maritime insurance pool backed by a ₹12,980 Cr sovereign guarantee (recap).
  • Lakhpati Didi: Program target to make 3 crore rural women self-sufficient (recap).
  • NSO: Releases quarterly and annual GDP & PLFS reports (recap).
  • Tuticorin: Location of India's proposed mega greenfield shipyard (Thoothukudi) (recap).
  • PMOS: Official renamed term for PCOS (recap).
  • WONCA: World Organization of Family Doctors (recap).
  • Geneva: Headquarters of ITU and WHO (recap).