National Events and Government Updates
Health and Public Welfare
COVID-19 Cases Rising Across India
New surge in COVID-19 cases reported nationwide
Kerala, Maharashtra, and Delhi recording highest infection rates
Health authorities issue advisory for preventive measures
Hospitals experiencing increased patient admissions
Political Developments
Karnataka BJP MLA Suspensions Revoked
Suspension of 18 BJP MLAs lifted after two months
Decision taken following high-level political negotiations
MLAs can now participate in legislative proceedings
Significant development in state political dynamics
Security and Defense
Major Security Breach Uncovered
CRPF personnel arrested by National Investigation Agency (NIA)
Allegations of espionage activities for Pakistan
Investigation ongoing into security protocol violations
Highlights concerns about internal security mechanisms
Weather and Climate
Mumbai Records Historic Rainfall
Record-breaking precipitation for May month
Earliest monsoon arrival in 25 years
Red weather alerts issued across Mumbai region
Significant impact on transportation and daily activities
Economic and Financial Updates
Reserve Bank of India (RBI) Developments
Record Surplus Transfer to Government
RBI Board approves Rs 2.69 lakh crore surplus transfer to Centre
Amount covers accounting year 2024-25
Based on revised Economic Capital Framework (ECF)
Contingent Risk Buffer increased to 7.50 percent
Significant boost to government’s fiscal position
Expected to improve banking system liquidity to Rs 6 lakh crore
Stock Market Performance
Sensex and Nifty Show Strong Gains
Sensex closed 455.37 points higher at 82,176.45
Gained 0.56 percent during trading session
Nifty 50 surged 148.00 points to reach 25,001.15
Recorded 0.6 percent growth
Positive market sentiment continues
Corporate Sector Updates
Supreme Court Intervention in Steel Sector
Court pauses liquidation of Bhushan Power and Steel Ltd
Temporary relief granted to JSW Steel
Significant development in steel industry restructuring
Impact on creditors and stakeholders
International Affairs
Ukraine-Russia Conflict
Russia Intensifies Military Operations
Largest drone attack since war began launched by Russia
Over 355 drones deployed in single night operation
30 Ukrainian civilians killed, 163 injured in past week
President Trump criticizes Russian President Putin
Diplomatic efforts to end conflict face new challenges
United States
Memorial Day Observance
National Memorial Day observed on last Monday of May
Commemorates military personnel who died in service
Solemn remembrance ceremonies held nationwide
National Moment of Remembrance at 3:00 PM local time
Sports and Entertainment
Khelo India Youth Games 2025
Maharashtra Dominates Medal Tally
Third consecutive victory for Maharashtra
Total 158 medals won (58 gold, 47 silver, 53 bronze)
Haryana second with 117 medals
Rajasthan third with 60 medals
7th edition hosted across five cities in Bihar
Over 5,000 athletes from 36 states and union territories participated
28 sports disciplines included
Sepak takraw introduced for first time
E-sports included as demonstration sport
Regional Development Initiatives
Northeast India Development
Rising North East Investors Summit 2025
Prime Minister Modi inaugurated summit at Bharat Mandapam, New Delhi
Two-day event focusing on regional investment opportunities
Key sectors: Tourism, Agro-Food Processing, Textiles, IT, Infrastructure
Aims to position Northeast as gateway to East Asia
Part of “Act East Policy” implementation
Business-to-Business and Business-to-Government sessions organized
Important Days and Observances
May 26, 2025 Observances
National Memorial Day (USA)
Honors fallen military personnel
Last Monday of May observance
Federal holiday in United States
Community ceremonies and flag displays
International Day for Biological Diversity Context
Environmental awareness campaigns
Conservation initiatives highlighted
Global biodiversity protection efforts
Banking and Financial Sector Updates
Regulatory Developments
RBI Surplus Transfer Impact
Government receives unprecedented Rs 2.69 lakh crore
Exceeds Union Budget 2025-26 projection of Rs 2.56 trillion
Positive impact on fiscal deficit management
Enhanced liquidity in banking system expected
Corporate Banking News
Partnership Announcements
Aditya Birla Sun Life Insurance partners with Equitas Small Finance Bank
Expansion of life insurance accessibility through branch networks
Strategic alliance for financial services penetration
Technology and Innovation
Space Technology Advancement
Agnikul Cosmos Achievement
Successful test firing of electric motor-driven semi-cryogenic rocket engine
First of its kind in India
Significant milestone in indigenous space technology
Boost to private space sector development
