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Daily Current Affairs

Friday, May 29, 2026

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Current Affairs (EXAMIVERSE) — 29 May, 2026 (Friday)

Verified Sources: PIB India, The Hindu, DD News, Reserve Bank of India, and Ministry of Defence.
For Exams: SSC CGL, Banking (IBPS/SBI), UPSC, KPSC + State PSCs

UN Peacekeepers

🌍 International Relations & Defence

  • International Day of United Nations Peacekeepers Observed (May 29)

    • What: The International Day of United Nations Peacekeepers is observed annually on May 29 to honor the professionalism, dedication, and courage of military, police, and civilian peacekeepers.
    • Details:
      • The theme for 2026 is "Fit for the Future: Building Better Together."
      • The day commemorates the establishment of the first UN peacekeeping mission (UNTSO) in 1948 in Palestine.
      • Major Radhika Sen Honored: Indian Army's Major Radhika Sen has been selected to receive the prestigious 2025 UN Military Gender Advocate of the Year Award for her exemplary service with the UN Organization Stabilization Mission in the Democratic Republic of the Congo (MONUSCO).
    • Exam Angle:
      • Award Recipient: Major Radhika Sen.
      • UN Mission involved: MONUSCO (DR Congo).
      • First UN Peacekeeping Mission year: 1948.
      • India's historical contribution: India is one of the largest troop-contributing countries to UN Peacekeeping.

  • Ministry of Defence Notifies Inter-Services Organisations (Command, Control & Discipline) Rules

    • What: The Ministry of Defence has formally notified the operational rules under the Inter-Services Organisations (Command, Control and Discipline) Act.
    • Details:
      • These rules empower the Commanders-in-Chief and Officers-in-Command of Inter-Services Organisations (ISOs) to exercise full administrative, command, and disciplinary authority over all personnel serving under them, irrespective of their parent service (Army, Navy, or Air Force).
      • This is a critical step towards building jointness, integration, and theaterisation of the Indian Armed Forces.
    • Exam Angle:
      • Name of the Act: Inter-Services Organisations (Command, Control and Discipline) Act.
      • Chief of Defence Staff (CDS): General Anil Chauhan (current CDS context).
      • Core objective of Theaterisation: Joint integration of the three services for unified operations.

📋 Banking, Finance & Economy

  • RBI Launches Three Major Tech Initiatives: PRAVAAH, Retail Direct Mobile App, and FinTech Repository
    • What: Reserve Bank of India (RBI) Governor Shaktikanta Das has launched three financial-tech initiatives designed to ease regulatory applications, boost retail participation in government securities, and compile fintech data.
    • Details:
      • PRAVAAH Portal: (Platform for Regulatory Application, Validation and AutHorisation) is a centralized, secure web-based portal for individuals and entities to apply online for various regulatory approvals.
      • Retail Direct Mobile App: Eases the process for retail investors to buy and sell government securities (G-Secs) directly from their smartphones.
      • FinTech Repository: A comprehensive database of Indian fintech firms to help regulators monitor sector developments and formulate policies.
    • Exam Angle:
      • PRAVAAH acronym: Platform for Regulatory Application, Validation and AutHorisation.
      • Launching authority: RBI.
      • Target of Retail Direct scheme: Enabling individual investors to invest directly in G-Secs.
      • Retail Direct scheme launched originally in: November 2021.

🏗️ Infrastructure & Industry

  • Airbus and TASL Partner to Establish Helicopter Final Assembly Line (FAL) in Karnataka

    • What: Tata Advanced Systems Limited (TASL) and Airbus Helicopters have finalized plans to construct India's first private sector helicopter Final Assembly Line (FAL) in Karnataka.
    • Details:
      • The facility will assemble Airbus's best-selling H125 helicopters from civil and commercial segments.
      • It marks the first time a private sector company in India will establish a complete assembly pipeline for helicopters.
      • The FAL will integrate major component assemblies, avionics, flight controls, engines, and fuel systems, exporting to neighboring countries in South Asia.
    • Exam Angle:
      • Partnership companies: Tata Advanced Systems Ltd (TASL) & Airbus Helicopters.
      • Helicopter model to be assembled: H125.
      • State chosen for FAL: Karnataka.
      • First private transport aircraft manufacturing plant location: Vadodara, Gujarat (C295 plant context).

  • Aizawl Connected to National Railway Network via Bairabi–Sairang New Line

    • What: The Indian Railways has completed the passenger trial run to Sairang railway station, bringing Mizoram's capital, Aizawl, onto the national railway map.
    • Details:
      • The 51 km Bairabi–Sairang New Line Project overcomes highly challenging terrain in the North East, featuring 130+ bridges and 20+ tunnels.
      • It will boost trade, ease transport of goods, and connect remote border regions to the rest of India.
    • Exam Angle:
      • Capital connected: Aizawl (Mizoram).
      • Project Name: Bairabi–Sairang New Line.
      • Length of the project: 51 km.
      • Nodal zone: Northeast Frontier Railway (NFR).

⚡ State-Specific News

  • Karnataka: State government announces ₹1,500 crore allocation for the development of aerospace and defence manufacturing clusters near Bengaluru.
  • Mizoram: Launches the 'Sairang Economic Zone Development Board' to capitalize on the new railway freight capabilities.
  • Tamil Nadu: Chief Minister inaugurates a dedicated FinTech City infrastructure in Chennai to house international financial services firms.

⚡ Quick Revision Points (SSC & Banking Special)

  • May 29: International Day of United Nations Peacekeepers observed.
  • Radhika Sen: Indian Army Major selected for the 2025 UN Military Gender Advocate of the Year Award.
  • MONUSCO: The UN peacekeeping mission in the Democratic Republic of the Congo.
  • ISO Rules: Ministry of Defence notified rules under the Inter-Services Organisations Act.
  • PRAVAAH: RBI's web portal for centralized regulatory applications and approvals.
  • Retail Direct App: Mobile application launched by the RBI to facilitate retail investment in G-Secs.
  • TASL & Airbus: Formed partnership to establish private helicopter assembly line (FAL) in Karnataka.
  • H125: Helicopter model to be assembled at the new Karnataka FAL facility.
  • Aizawl: Capital city of Mizoram connected to the national railway network.
  • Bairabi–Sairang: The 51 km railway line project connecting Mizoram.
  • May 28: Birth anniversary of freedom fighter Vinayak Damodar Savarkar (Veer Savarkar) (recap).
  • 10 MW: Capacity of India’s first green hydrogen plant commissioned by GAIL in Vijaipur, MP (recap).
  • AstroSat: India's first multi-wavelength space observatory launched in 2015 (recap).
  • QTRC: Quantum Technology Research Centre inaugurated by DRDO in Delhi (recap).
  • May 27: Union Cabinet approved the merger of Konkan Railway (KRCL) with Indian Railways (recap).
  • 741 km: Total length of the Konkan Railway network integrated into Indian Railways (recap).
  • 4th: India's new rank among the world's largest economies, surpassing Japan (recap).
  • BFS: "Bharat Forecasting System" launched by the Ministry of Earth Sciences (recap).
  • 6 km × 6 km: Grid resolution of the newly launched Bharat Forecasting System (recap).
  • IITM Pune: Indian Institute of Tropical Meteorology, developer of the BFS (recap).
  • ICHI: International Classification of Health Interventions framework under WHO (recap).
  • Ayush MoU: Signed between the Ministry of Ayush and WHO to standardize traditional medicine (recap).
  • 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).