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We are here for you to provide the important Recent and Latest Current Affairs May 29 2026, which have unique updates of Latest Current Affairs 2026 events from all newspapers such as The Hindu, The Economic Times, PIB, Times of India, PTI, Indian Express, Business Standard and all Government official websites.

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NATIONAL AFFAIRS

Cabinet Approves Rs.25,530 Crore SARTHAK-PDS Scheme for 5 years and Merges Two Existing Schemes to Modernise PDS
In May 2026, the Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister (PM) Narendra Modi, approved the continuation of the “Scheme for Assistance in Ration Transport and Handling–Income with Automation in Public Distribution System” (SARTHAK-PDS), as an umbrella scheme with a central outlay of Rs. 25,530 crore for 5 years during the 16th Finance Commission (FC) cycle until March 31, 2031.

• The Scheme merges “Assistance to State Agencies for intra-State movement of foodgrains and Fair Price Shop (FPS) dealers’ margin under the National Food Security Act, (NFSA) 2013” and “Scheme for Modernization and Reforms through Technology in Public Distribution System (SMART-PDS)”.

About SARTHAK-PDS Scheme: 
Approval: The CCEA approved revised norms for Central assistance to States and Union Territories (UTs) towards intra-state movement and handling of foodgrains and Fair Price Shop (FPS) dealers’ margins, while continuing the existing funding pattern under the scheme.
Implementation: The scheme is implemented by the Department of Food and Public Distribution (DFPD) under the Ministry of Consumer Affairs, Food and Public Distribution (MoCAF&PD).
Coverage: The scheme covers 81.35 crore beneficiaries under the National Food Security Act (NFSA), 2013 across all 36 States and Union Territories (UTs), supporting India’s food and nutritional security commitment.

India-US Signs Bilateral Framework to strengthen Critical Minerals & Rare Earth Elements Supply Chains
In May 2026, India and the United States of America (USA) signed a Framework on “Securing of Supply in the Mining and Processing of Critical Minerals and Rare Earths” aimed at securing the supply, mining, processing and recycling of critical minerals and rare earth elements.

• The agreement was signed by Dr. S. Jaishankar, External Affairs Minister, India, and Marco Rubio, U.S. Secretary of State in New Delhi, Delhi on the sidelines of 11th Quad Foreign Ministers Meeting.

Key Details of  Agreement:
Objective: The framework aims to strengthen resilient and diversified supply chains, promote bilateral collaboration on financing, and improve the effective management of critical minerals and rare earths.
Funding: The U.S. government is allocating over USD 30 billion through investments, loans, and public–private partnerships to strengthen critical mineral supply chains.
Quad Initiative: Apart from this, another framework agreement on critical minerals was also signed among the four Quad partner countries — Australia, India, Japan and the United States.

• The finalized a critical minerals framework to mobilize up to USD20 billion in public–private funding across the Indo-Pacific region.

GoI constitutes High-Level Committee on Demographic Change Headed by former Justice Naolekar
In May 2026, the Government of India (GoI) constituted a High Level Committee under the Ministry of Home Affairs (MoHA) to study the demographic changes arising from illegal immigration and other abnormal reasons.

• Chaired by: The committee will be chaired by retired Supreme Court Judge Justice Prakash Prabhakar Naolekar.

Committee Composition
Committee Members: It will also comprise:

• the Census Commissioner currently Mritunjay Kumar Narayan
• retired IAS officer Durga Shanker Mishra
• retired IPS officer Balaji Srivastava (Retired IPS)
• Dr. Shamika Ravi, who is part of the PM’s Economic Advisory Council.

Secretary: The Joint Secretary (Foreigners-I) in the Ministry of Home Affairs (MoHA) currently Mahatme Sandeep Namdeo, will act as Member Secretary.
Assessment: The committee will examine demographic changes arising from illegal immigration and other unusual factors, identify their causes and recommend suitable policy, legislative and administrative measures.

Factor Identification: The committee will also identify factors, including illegal immigration, abnormal settlement patterns, and orchestrated migration, and analyse structural population changes at the level of religious or social communities.

Union Agriculture Minister Released 3rd Advance Estimates of Production of Major Agricultural Crops for 2025-26
In May 2026, Union Minister Shivraj Singh Chouhan, Ministry  of Agriculture & Farmers Welfare (MoAFW) released the Third Advance Estimates of Production of Major Agricultural Crops for 2025–26. 

• The crops area data received from the states has been validated and cross-verified using the information from remote sensing, the Weekly Crop Weather Watch Group (WCWWG), and other agencies, while yield estimates are based on Crop Cutting Experiments (CCEs) past production trends, and other relevant factors.

Key Estimates:
Food Grain Production: As per the newly released data, India’s total foodgrain production is estimated at 376.563 Million Tonnes (MT) in 2025-26 crop year, which is 5.3% higher than last year’s production (357.732 MT),  marking the highest-ever foodgrain production in the country’s history.

• The country’s overall rice production is estimated at a record 154.024 MT and Overall wheat production is projected to increase by 2.29% (2.712 MT) to a record of 120.657 MT (in 2025-26) over last year’s 117.945 MT.

Oilseeds Production: The data estimated the total oilseeds production at 43.059 MT for the current crop season.

• The production of other varieties of oilseeds are estimated at: 13.07 MT (Groundnut), 12.59 MT (Soyabean) and 13.76 MT (Rapeseed and Mustard)

Commercial Crops: Some of the major commercial crops production projections: 500.063 MT (sugarcane); 29.024 million bales (cotton); and 9.176 million bales (each bale weighing 180 kg) (jute).

Union Minister Jyotiraditya M. Scindia Launches Rs.236 Crore ‘Mission Queen Pineapple’ in Tripura
In May 2026, Union Minister Jyotiraditya M. Scindia, Ministry of  Development of North Eastern Region (MDoNER) along with Dr. Manik Saha, Chief Minister (CM) of Tripura, launched ‘Tripura Mission Queen Pineapple’, a Rs.236 crore convergence-led initiative for pineapple cultivation and value chain development, at Sanchar Bhawan, New Delhi, Delhi.
About Tripura Mission Queen Pineapple:
Objective: The Mission aims to bridge this gap through convergence-led investments and market-oriented interventions, enhancing farmer value realization while promoting Tripura’s Geographical Indication (GI)-tagged Queen Pineapple as its Unique Selling Proposition (USP).
Implementation Timeline:The convergence-led initiative will be implemented over a targeted three-year roadmap spanning from 2nd Quarter (Q2) of Financial Year 2025-26 (FY26) to 4th Quarter (Q4) of FY28.
Ecosystem: The project envisages the development of a “Hub and Spoke” post-harvest ecosystem comprising a central processing hub near Agartala airport(Tripura) and eight collection centres across West Tripura, Khowai, and Sepahijala districts.

• The infrastructure will include grading facilities, cold storage, reefer logistics, solar cold storage, Internet of Things (IoT)-enabled farm monitoring, and digital traceability systems.

MoD Issues RFP For AMCA Fifth-Generation Stealth Fighter Programme 
In May 2026, the Ministry of Defence (MoD) issued the Request for Proposal (RFP) for the Advanced Medium Combat Aircraft (AMCA) Programme, India’s first indigenous fifth-generation stealth fighter aircraft project, at New Delhi, Delhi.

• The government-funded programme has an estimated prototype development cost of Rs.15,000 crore for developing five flying prototypes and one structural test aircraft.

About the AMCA Fifth-Generation Stealth Fighter Programme: 
Overview: The Advanced Medium Combat Aircraft (AMCA) is a Make in India initiative implemented by the Aeronautical Development Agency (ADA) under the Defence Research and Development Organisation (DRDO).
Manufacturing: For the first time, MoD excluded Hindustan Aeronautics Limited (HAL) and invited private sector participation through contenders including Tata Advanced Systems Limited (TASL), the Larsen & Toubro –Bharat Electronics Limited (L&T-BEL)–Dynamatic Technologies consortium and the Bharat Forge Limited–Bharat Earth Movers Limited (BFL-BEML)–Data Patterns consortium.
Infrastructure: A 650-acre greenfield manufacturing facility and the Core Integration and Flight Testing Centre of ADA are being developed at Puttaparthi, Andhra Pradesh (AP) in collaboration with the selected private partner.

NSDC and FVCC Partner to Enhance Indian Talent Mobility in Japan 
In May 2026, the National Skill Development Corporation (NSDC) and Japan-based Fourth Valley Concierge Corporation (FVCC),  a global human resources and recruitment firm, entered into a strategic partnership to strengthen workforce mobility opportunities for Indian professionals in Japan.

• The partnership aims to establish a transparent and credible verification system by using NSDC Trust’s “Credibility Check” framework to verify Indian professionals seeking employment opportunities in Japan.

Key Details of Partnership:
Objective:  The partnership aimed at boosting employer confidence, improving employability and recognition of Indian professionals, and strengthening India-Japan human resource cooperation.
Verification:  Amid Japan’s growing labour shortage and demand for skilled foreign professionals, the framework introduces identity, education, employment, criminal background, and document checks to ensure a transparent and trusted recruitment system for Indian professionals.
Target: India and Japan aim to facilitate the movement of at least 50,000 skilled Indian professionals to Japan over the next five years.

Indian Railways Inaugurates ‘CHIRAG’ Centre for HR Excellence Telangana 
In May 2026, Indian Railways(IR) inaugurated the Centre of Excellence(CoE)  “CHIRAG” (Centre for HR Information Systems, Research and Analytics in Governance) dedicated to Human Resource Management training, research, and digital transformation in Indian Railways. The foundation stone for the state-of-the-art CoE was laid at the South Central Railway (SCR) Grounds in Moula-Ali, Secunderabad, Telangana.

• The facility will function under the Indian Railways Institute of Financial Management (IRIFM), the nodal Centralized Training Institute (CTI) for the Indian Railways Personnel Services (IRPS) cadre, and is located adjacent to the Zonal Railway Training Institute (ZRTI).

Key Details of Launch:
 Objective: The CHIRAG Centre of Excellence will serve as the technological backbone for Indian Railways’ HR systems by providing certified, role-based training on the Human Resource Management System (HRMS) nationwide.
HRMS–MITRA Cadre: The centre will create a master trainer pool HRMS–MITRA cadre and deploy them across ZRTIs to decentralize and strengthen HRMS training capabilities nationwide.
Integration: The CoE will integrate Artificial Intelligence (AI), Machine Learning (ML), and predictive analytics into administrative systems to enable data-driven HR decisions, recruitment trend analysis, and workforce lifecycle planning.

• The project is expected to be fully completed by May 2028.

BANKING & FINANCE

One Mobikwik Systems Secures RBI Approval for offline PA Licence Expansion 
In May 2026, One Mobikwik Systems Limited, the parent company of Mobikwik, secured the in-principle approval from the Reserve Bank of India (RBI) for a Payment Aggregator-Physical (PA-P) licence.

• The licence will enable the fintech firm to make offline merchants payments across India.

About PA-P Licence:
Services: The approval enables MobiKwik to provide payment aggregation services to physical merchants, including acceptance and processing of in-store digital payments through Point-of-Sale (PoS) infrastructure, Quick Response (QR)-based payments, and merchant settlement solutions.
Future Plan: The company plans to scale deployments of soundboxes and electronic Data Capture (EDC) machine as it aims to achieve 10-times growth in its merchant business by Financial Year 2027-28 (FY28).
Payment Aggregator (PA): It refers to an entity that facilitates aggregation of payments made by customers to the merchants via one or more payment channels through the merchant’s interface (physical or virtual) for purchase of goods, services or investment products.

AWARDS & RECOGNITIONS

India to host 2027 Asian Relays and 2028 Asian Indoor Championships 
In May 2026, India was awarded the hosting rights for the 2027 Asian Relays in Chandigarh and the 2028 Asian Indoor Athletics Championships in Bhubaneswar, Odisha by the Asian Athletics Association (AAA).

• It was announced during its council meeting chaired by Dahlan Al Hamad, AAA President in Hong Kong, China.

Key Details of Announcement:
Bidding: The Athletics Federation of India (AFI) had submitted bids in 2025 to host both events.
2027 Asian Relay Championships:
Edition: The Asian Relays (2027) in Chandigarh will be the third edition of the event, following the inaugural edition in Bangkok, Thailand (2024) and the second edition scheduled in Shaoxing, China (2025).
Events: The two-day Asian Relay Championships will be held at the Sector 7 Sports Complex, featuring six events: men’s 4×100m and 4×400m, women’s 4×100m and 4×400m, and mixed 4×100m and 4×400m relays.
2028 Asian Indoor Athletics Championships: 
Significance: India will host the Asian Indoor Athletics Championships for the first time since its inception in 2004.
Venue: The event will be held in January 2028 at the Indoor Athletics Centre of Kalinga Stadium, Bhubaneswar, marking its fourth international athletics event in four years.
Infrastructure: Bhubaneswar hosts India’s first permanent indoor track-and-field facility capable of staging certified international indoor events, making it the natural choice for the 2028 edition.
Note: The same venue will also host the 2028 World Indoor Championships from March 3-5. The inaugural national indoor championships was held in March at the same facility.

APPOINTMENTS & RESIGNATIONS

RBI approves 3-month extension for Ketan Merchant as interim CEO of Fino Payments Bank
In May 2026, Reserve Bank of India (RBI) approved a three-month extension for Ketan Merchant to continue serving as the Interim Chief Executive Officer (CEO) of Fino Payments Bank.

• The extended tenure becomes effective from May 27, 2026, under Regulation 30 of the Securities and Exchange Board of India (SEBI), Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015.

Key Details of Extension:
Appointment: RBI approved the appointment of Merchant as interim CEO for three months after Managing Director (MD) & CEO Rishi Gupta was arrested by Goods and Services Tax (GST) officials in a tax evasion fraud case in March 2026.
About Ketan Merchant:
Profile: Ketan Merchant is a veteran banking professional and financial strategist with over 27 years of extensive experience across India’s domestic and international banking sectors.
Major Achievements: Played a key role in steering and executing Fino Payments Bank’s Initial Public Offering (IPO) and its successful listing on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE).

SCIENCE & TECHNOLOGY

Indian scientist discovers ‘Loktak Protocluster’, 12.6-billion-year-old City of Galaxies
In May 2026, an International team led by Indian scientist Dr. Ronaldo Laishram from the National Astronomical Observatory of Japan (NAOJ) discovered a 12.6-billion-year-old cosmic structure, known as the “Loktak Protocluster,” an ancient “city of galaxies” named after Loktak Lake in Manipur, India.

• The findings were formally published in The Astrophysical Journal Letters.

About Dr. Ronaldo Laishram: At the age of 18, he discovered a Main Belt asteroid through the All India Asteroid Search Campaign, was later honoured by former Indian President Dr. A.P.J. Abdul Kalam, and serves as the founding coordinator of the Manipur Astronomical Society (MAS).

• Currently serving as a postdoctoral researcher at the National Astronomical Observatory of Japan (NAOJ) in Tokyo.

About Loktak Protocluster:
Loktak Lake:  The largest freshwater lake in Northeast India, famous for its floating “phumdis”  masses of vegetation, soil, and organic matter drifting on water.
Timeline: It is located about 12.6 billion light-years away in the direction of the constellation Sextans, allowing us to observe it as it existed when the Universe was only about 1.2 billion years old (around 9% of its current age).
Collaboration: The discovery was made by combining data from Japan’s Subaru Telescope, Hawaii, United States of America (USA), and NASA’s James Webb Space Telescope(JWST), USA using wide-field and high-resolution infrared observations.
Impact: The study shows that “cosmic environments” influenced early galaxy evolution, with galaxies in dense regions like the Loktak Protocluster evolving differently and appearing about 1.4 times larger due to strong interactions.

OBITUARY

Five-time Olympian shooter and Arjuna Awardee Raja Randhir Singh Passed Away 
In May 2026, renowned Indian shooter, five-time Olympian and veteran sports administrator Raja Randhir Singh passed away at the age of 79 in New Delhi, Delhi.  He was born on 18 October 1946 in Patiala, Punjab.

• He was honoured with the Arjuna Award in 1979 by the Ministry of Youth Affairs and Sports (MYAS) for his outstanding contribution to shooting sports.

About Raja Randhir Singh:
Profile: He was a five-time Olympian, Asian Games gold medallist, former Secretary General of the Indian Olympic Association (IOA), and the first Indian to serve as President of the Olympic Council of Asia (OCA).
Shooting Career: Raja Randhir Singh specialised in trap and skeet shooting events and represented India in five Olympic Games: Mexico City, Mexico (1968); Munich, Germany (1972); Montreal, Canada (1976); Moscow, Union of Soviet Socialist Republics (USSR) (1980); and Los Angeles, United States of America (USA) (1984). He was also the reserve shooter for the Tokyo, Japan Olympics (1964).
Major Achievements:  He won the Gold Medal in Men’s Trap Shooting at the 1978 Asian Games in Bangkok, Thailand, becoming the first Indian shooter to win an Asian Games gold medal.

BOOKS & AUTHORS

PT Usha, Dilip Tirkey Release Book on India’s First Olympic Hockey Gold
In May 2026, Indian Olympic Association (IOA) president (Pilavullakandi Thekkeparambil) P.T. Usha, alongside Hockey India President Dr. Dilip Tirkey, released a book titled “India’s Olympic Gold: Hockey Triumph at Amsterdam,” authored by renowned hockey historian K. Arumugam in Connaught Hotel, New Delhi, Delhi.

• This book was published by Stick2Hockey, marking the 98th anniversary of India’s first Olympic Gold in hockey by the Indian Men’s Team obtained at Amsterdam, Netherlands in 1928.

Key Details of the Book:
Dignitaries: The event was attended by hockey legends, including Harbinder Singh (triple Olympian, former captain), Jagbir Singh (double Olympian), Zafar Iqbal (Olympic gold medalist), and Ashok Kumar (Olympic medalist and son of Major Dhyan Chand).
Publications:  It marks the 16th book by K. Arumugam, reflecting his lifelong contribution to documenting Indian hockey history.
Historical context: India won its first Olympic gold in hockey at the 1928 Amsterdam Olympics, defeating the Netherlands men’s team in the final during British rule.

IMPORTANT DAYS

World Hunger Day 2026 – May 28
World Hunger Day is observed annually across the globe on May 28 to raise awareness about food insecurity and encourage collective action towards achieving zero hunger.

• 2026 Theme: “The End of Hunger is in our Hands”

Background:
Establishment: World Hunger Day was established in 2011 by the New York, United States of America (USA)-based non-profit organization (NPO) The Hunger Project (THP) to highlight the global food crisis.
1st Observance: The first World Hunger Day was observed on May 28, 2011.

International Day of Action for Womens Health 2026 – May 28
The International Day of Action for Womens Health,also referred to as International Womens Health Day, is observed every year across the globe on May 28to raise awareness about womens health and promote access to comprehensive healthcare and well-being for all women.

• 2026 Campaign: Essential, Not Optional:Strengthening Health Systems to Uphold Health Rights and SRHRJ in Times of Polycrisis

Background:
Origin: The International Day of Action for Womens Health was established in 1987at the International Womens Health Meeting in Costa Rica, led by the Latin American and Caribbean Womens Health Network (LACWHN).
Objective: The initiative was launched to address inequalities in womens healthcare, with a special focus on Sexual and Reproductive Health and Rights (SRHR).
Global Expansion: The Womens Global Network for Reproductive Rights (WGNRR) later became the global coordinator, expanding the campaign worldwide.

World Menstrual Hygiene Day 2026 – May 28
World Menstrual Hygiene Day (MH) Dayor Menstrual Hygiene Day (MH Day) is observed annually across the world on 28th Mayto raise awareness about menstrual health and equity, promote access to menstrual products and safe hygiene facilities, and support stigma-free environments for dignified menstrual care.

• 2026 Theme: Together for a #PeriodFriendlyWorld

Background:
Launch: In May2013, German-based Non-Governmental Organizations (NGO) WASH United launched the May #MENSTRAVAGANZAsocial media campaign to raise awareness about menstruation and promote Menstrual Hygiene Management (MHM) under Water, Sanitation, and Hygiene (WASH) programs.
First Observance: The first World Menstrual Hygiene Day was observed on 28 May 2014.
Significance: The date 28/5 represents the average 28-day menstrual cycle and 5 days of menstruation.

STATE NEWS

AP Govt Partners with SIDBI to Launch Angel Fund for Deep-Tech Startups 
In May 2026, the Government of Andhra Pradesh (AP), in collaboration with Small Industries Development Bank of India (SIDBI), announced creation of an angel fund through Ratan Tata Innovation Hub (RTIH) in New Delhi, Delhi, to position AP as a major hub for deep-tech innovation.

• The initiative aims to provide early-stage funding, industry access, ecosystem support and global scaling opportunities for startups.

About AP’s Deep-Tech Angel Fund Initiative:
Sectors: The programme focuses on Artificial Intelligence (AI), electronics and semiconductors, quantum technologies, advanced manufacturing and clean energy sectors.
Institutions: RTIH serves as the central platform for startup incubation and deep-tech ecosystem development, while SIDBI provides angel, seed and financial support for startups and the Micro, Small and Medium Enterprises (MSMEs) ecosystem.
Significance: The initiative provides angel and seed funding, industry collaboration and ecosystem support for startups while strengthening India’s deep-tech ecosystem and supporting leadership in AI and quantum technologies beyond metro cities.

Chhattisgarh Government Launched Rs. 200 Crore ‘Adarsh Shahar Samriddhi Yojana’
In May 2026, the Government of Chhattisgarh, under the leadership of Chief Minister(CM) Vishnu Deo Sai, announced ‘Adarsh Shahar Samriddhi Yojana’, allocating Rs. 200 crore in the 2026–27 budget to develop modern civic infrastructure in emerging towns and urban centres.

• The state’s Urban Administration and Development Department released the administrative guidelines and phase-1 execution layout.

Key Details of the Initiative:
Objective: The scheme is modelled on the Mukhyamantri Nagarotthan Yojana, which focused on large municipal corporations in Financial Year 2025 – 26(FY26), while Adarsh Shahar Samriddhi Yojana extends similar capital support to smaller urban bodies, including Nagar Palikas and Nagar Panchayats.
Focus: The funds will be used for roads, drainage, water supply, transport, green zones, housing, healthcare, education, and smart traffic systems, along with support for entrepreneurship, renewable energy, and Electronic Governance (e-governance) initiatives and grievance redressal systems.
Phase 1: In its inaugural phase, the department has selected 32 Urban Local Bodies (ULBs) across Chhattisgarh’s five revenue divisions: Bilaspur (9), Bastar (6), Surguja (6), Raipur (6), and Durg (5).
Implementation: Divisional committees led by Joint Directors of the Urban Administration Department will handle inspections, site selection, and planning, with 15-day reporting timelines. The Chief Engineer (Mechanical Cell) is the nodal officer for all divisions, while Chief Municipal Officers (CMOs) coordinate local execution.

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