National Affairs
India-Pakistan Tensions
A ceasefire agreement between India and Pakistan came into effect on May 10, 2025, following mediation by the United States.
Foreign Secretary Vikram Misri confirmed multiple ceasefire violations by Pakistan, declaring that the Indian Army would respond “adequately and appropriately.”
Pakistani drones were spotted across Jammu and Kashmir, Gujarat’s Kutch region, Punjab, and Rajasthan, with Indian air defense systems successfully intercepting several unmanned aerial vehicles.
Authorities enforced blackouts in multiple regions including Jammu, Kathua, Pathankot, Barmer, and the entire Kutch district as a precautionary measure.
A BSF sub-inspector, Mohammed Imteyaz, was killed and seven others were injured in Pakistani shelling along the International Border in Jammu’s R.S. Pura sector.
Pakistan reportedly targeted schools and religious sites along the Line of Control, resulting in the death of two students in Poonch.
24 airports across India will remain closed until May 15, 2025, as a precautionary measure amid ongoing tensions.
Infrastructure Development
Maharashtra Chief Minister Devendra Fadnavis inaugurated Phase 2A of Mumbai Metro Line 3, promising a one-ticket system across the Mumbai Metropolitan Region.
India is set to boost its defense manufacturing capabilities with the inauguration of a BrahMos missile production facility in Lucknow scheduled for May 11, 2025.
International Affairs
Ukraine-Russia Conflict
Western countries, including the United States, called on Moscow to implement an unconditional 30-day ceasefire in Ukraine beginning May 12, 2025.
Western leaders threatened to strengthen sanctions targeting Russia’s banking and energy industries if the Kremlin fails to comply with the ceasefire request.
Ukrainian President Volodymyr Zelensky stated, “We collectively urge this from Russia, and we understand that the United States stands with us in this endeavor.”
Middle East Situation
Israeli airstrikes overnight and into Saturday killed at least 23 Palestinians in Gaza, including three children, as international outcry over the aid blockade continues to grow.
Religious Leadership
Robert Francis Prevost has been elected as the new Pope, according to reports from international news agencies.
Economy & Finance
Economic Projections
India’s growth forecast has been revised down from 6.5% to 6.2% for 2025, yet it remains the fastest-growing major economy globally.
The International Monetary Fund (IMF) projects India’s nominal GDP to reach $4.187 trillion in 2025, surpassing Japan’s estimated $4.186 trillion, which would make India the world’s fourth-largest economy.
By 2028, India’s GDP is projected to rise to $5,584.48 billion, potentially placing it ahead of Germany as the third-largest economy globally.
Inflation & Monetary Policy
India’s retail inflation dropped to 4.6% in the fiscal year 2024-25, marking a six-year low since 2018-19.
The year-on-year inflation rate for March 2025 fell to 3.34%, the lowest monthly inflation rate since August 2019.
The Bank of England reduced its Bank Rate by 0.25 percentage points to 4.25% on May 7, 2025, with the decision made by a majority vote of 5-4.
Banking Sector
The Reserve Bank of India imposed a penalty of ₹1.72 crore on State Bank of India for non-compliance with guidelines on loans and advances, customer protection, and current account opening procedures.
Jana Small Finance Bank faced a penalty of ₹1 crore for contravention of provisions under the Banking Regulation Act, 1949.
Banks across India remained closed on May 10, 2025, as it fell on the second Saturday of the month, in line with RBI guidelines.
Sports
Cricket
The Board of Control for Cricket in India (BCCI) suspended the IPL 2025 season for one week due to escalating tensions between India and Pakistan, with revised schedules and venues to be announced after assessing the situation.
Before the suspension, Prabhsimran Singh and Priyansh Arya put together a 122-run partnership for Punjab Kings, with Prabhsimran’s unbeaten 50 moving him to sixth place in the Orange Cap leaderboard.
Football
Manchester United and Tottenham Hotspur have reached the UEFA Europa League final despite struggling in their domestic Premier League campaigns, with the final scheduled to be held in Bilbao on May 22, 2025.
Appointments & Committees
Sanjay Malhotra has been announced as the new Governor of the Reserve Bank of India, marking his first significant policy decision with a rate cut.
Conferences & Events
Prime Minister Narendra Modi inaugurated WAVES 2025 (World Audio Visual and Entertainment Summit) at the Jio World Centre in Mumbai on May 1, 2025, bringing together artists, innovators, investors, and policymakers from over 100 countries.
The Global Conference on Renewable Energy and Climate Change (GCRECC) commenced in Hong Kong on May 10, 2025, organized by the Advanced Research Society for Science and Sociology (ARSSS).
Important Days
May 10, 2025, marked Maharashtra Day and Gujarat Statehood Day, as acknowledged by Prime Minister Narendra Modi during the inauguration of WAVES 2025.
