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CURRENT AFFAIRS : BANKING, FINANCE & BUSINESS

Reserve Bank of India Levies ₹10.10 Lakh Monetary Penalty on City Union Bank Limited

• The Reserve Bank of India (RBI) imposed a monetary penalty of ₹10.10 lakh on City Union Bank Limited.
• The penalty was imposed for non-compliance with RBI directions related to ‘Priority Sector Loan accounts’ and ‘Reporting of Self Help Group (SHG) member-level data to Credit Information Companies (CICs)’.
• RBI imposed the penalty under the powers conferred by Section 47A(1)(c) read with Section 46(4)(i) of the Banking Regulation Act, 1949 and Section 25(1)(iii) read with Section 23(4) of the Credit Information Companies (Regulation) Act, 2005.
• The action followed the Statutory Inspection for Supervisory Evaluation (ISE) conducted by RBI with reference to the bank’s financial position as on 31 March 2025.
• RBI issued a show-cause notice to the bank after identifying supervisory findings of regulatory non-compliance.
• After examining the bank’s written reply and oral submissions during the personal hearing, RBI confirmed the charges against the bank.
• RBI found that the bank had levied loan-related charges on certain agriculture priority sector loans up to ₹25,000, which violated RBI directions.
• The bank also failed to report Self Help Group (SHG) member-level data to Credit Information Companies (CICs).
• RBI clarified that the penalty was based on deficiencies in statutory and regulatory compliance.
• The central bank further stated that the penalty does not affect the validity of transactions or agreements entered into by the bank with its customers.
• RBI also noted that the imposition of monetary penalty is without prejudice to any other action that may be initiated against the bank in the future.

About City Union Bank (CUB):

• Founded Year: 1904
• Headquarters: Kumbakonam, Tamil Nadu, India
• MD & CEO: Dr. N. Kamakodi
• Slogan: "Trust and Excellence Since 1904"

Reserve Bank of India Issues Revised Loan Recovery and Recovery Agent Regulations Effective from October 2026

• The Reserve Bank of India (RBI) released final amendments to overhaul loan recovery and recovery agent regulations, which will come into effect from 1 October 2026.

Key Highlights :

• Under the new framework, banks must conduct strict due diligence and periodic background verification of recovery agents before engagement.
• Banks can engage only certified recovery agents trained through approved institutions such as the Indian Institute of Banking and Finance (IIBF).
• RBI introduced detailed borrower protection norms to regulate recovery practices.
• Recovery agents are allowed to contact borrowers only between 8 AM and 7 PM.
• The new rules prohibit harassment, abusive language, intimidation, social media shaming, and pressuring of relatives or colleagues during loan recovery.
• Banks are required to publicly disclose the list of empanelled recovery agencies on their websites and customer platforms.
• Borrowers must receive prior notice through SMS, email, or letters before any physical recovery visit.
• The framework mandates the recording and monitoring of recovery-related calls to ensure transparency and accountability.
• Banks must preserve call records for at least six months under the new RBI guidelines.
• RBI directed banks to ensure that incentive structures do not encourage coercive recovery practices.
• Banks are also required to establish dedicated grievance redressal systems for complaints related to loan recovery practices.
• Recovery proceedings cannot continue while borrower grievances related to dues or recovery practices remain unresolved.

Asian Infrastructure Investment Bank Launches $10 Billion Facility to Support West Asia-Affected Member Countries

• The Asian Infrastructure Investment Bank (AIIB) established the Energy, Food Security and Economic Resilience Facility, aimed at supporting member countries affected by the Middle East conflict.
• The facility provides up to US$10 billion over two years for member countries and clients impacted by the conflict.

Key Highlights :

• The AIIB is a multilateral development bank (MDB) headquartered in China (Beijing) and began operations in 2016, financing infrastructure and development projects across Asia and other regions.
• The new facility supplements existing AIIB financing tools and focuses on energy security, food security, and economic resilience.
• It provides fast-disbursing budget support, financing for critical imports and expenditures, and liquidity support to affected economies.
• The facility also supports government response programmes, short-term working capital, and business continuity needs of infrastructure companies and financial intermediaries.
• On 18 May 2026, seven Multilateral Development Banks (MDBs) issued a joint statement on coordinated support for countries affected by the Middle East conflict, highlighting disruptions in energy markets, fertiliser markets, and trade routes.
• The AIIB is headed by President Zou Jiayi, who announced the new facility for affected members.
• India is the second-largest shareholder in AIIB after China, reflecting its significant role in the institution.
• The AIIB has more than 100 approved members, including countries such as India, China, Bangladesh, Pakistan, Iran, Iraq, Australia, Israel, Kuwait, Nepal, Oman, Russia, Singapore, Sri Lanka, and the UAE.
• The bank is capitalised at around US$100 billion and holds a AAA credit rating from major international rating agencies.
• Shareholding structure includes China (26.54%), India (7.58%), Russia (5.9%), and Germany (4.1%) as major stakeholders.
• The facility provides budgetary support, liquidity financing, and import financing to strengthen economic resilience in affected member countries.
• The AIIB will coordinate closely with other multilateral development banks (MDBs), the International Monetary Fund (IMF), and development partners to deliver coordinated financial support.

Reserve Bank of India Approves Record ₹2.87 Lakh Crore Surplus Transfer to Government for Financial Year 2025-26

• The Reserve Bank of India announced a record surplus transfer of ₹2.87 lakh crore to the Government of India (GoI) for Financial Year 2025-26 (FY26), during the 623rd meeting of the Central Board of Directors (CBoDs).
• The surplus transfer for FY26 was higher than last year’s transfer of ₹2.69 lakh crore.
• However, the transfer remained lower than the Union Budget estimate of ₹3.16 lakh crore for dividend receipts.

Key Highlights :

• The 623rd Central Board Meeting was chaired by Sanjay Malhotra in Mumbai.
• The balance sheet of RBI expanded by 20.61% to ₹91.97 lakh crore as of 31 March 2026.
• The balance sheet growth was mainly supported by large bond purchases and liquidity injections into the banking system.
• The net income of RBI before risk provisions and transfer to statutory funds stood at ₹3,95,972.10 crore during FY26.
• The gross income of RBI increased by 26.42% during FY26.
• RBI’s expenditure before risk provisions rose by 27.60% during the financial year.
• RBI approved a transfer of ₹1,09,379.64 crore towards the Contingent Risk Buffer (CRB) for FY26.
• The allocation towards CRB was significantly higher than the previous year’s transfer of ₹44,861.70 crore.
• RBI maintained the Contingent Risk Buffer (CRB) at 6.5% of its balance sheet size to ensure financial stability.
• The surplus transfer was governed by the revised Economic Capital Framework (ECF).
• Under the revised Economic Capital Framework, the CRB must be maintained within a range of 4.5% to 7.5% of RBI’s total balance sheet.

Unincorporated Establishments Cross 9 Crore, Driving Strong Economic Growth

• The National Statistics Office (NSO) under the Ministry of Statistics and Programme Implementation (MoSPI) released the Quarterly Bulletin on Unincorporated Sector Enterprises (QBUSE) for January–March 2026.
• The report provides high-frequency data on India’s unincorporated non-agricultural sector.
• The number of unincorporated establishments increased by 69% year-on-year, reaching 9.16 crore during Q4 FY26 (Jan–Mar 2026).
• Rural establishments recorded stronger growth of 46%, compared to urban growth of 12.59%.
• Employment in the sector crossed 15 crore workers for the first time, reaching 17 crore, marking a 15.51% year-on-year increase.
• The growth in employment reflects strong expansion in the unincorporated sector labour market.
• Women accounted for nearly 29% of total employment, highlighting improved gender inclusion in the sector.
• The data shows the role of unincorporated enterprises in promoting inclusive economic participation and women’s employment generation.
• Around 81% of establishments used the internet for entrepreneurial activities, indicating strong digital adoption.
• About 81% of establishments also adopted cashless transactions, reflecting increased digital financial inclusion.

Recent News :

• In May 2026, The National Statistics Office (NSO) under the Ministry of Statistics and Programme Implementation (MoSPI) revised the release schedule for India’s Annual Gross Domestic Product (GDP) and Fourth Quarter (Q4) GDP estimates.

Karnataka Grameena Bank Honoured with National Award for Excellence in APY Enrolments

• Karnataka Grameena Bank received the National Award from the Pension Fund Regulatory and Development Authority (PFRDA) for outstanding enrolment performance under the Atal Pension Yojana (APY).
• The award was presented during the APY Annual Felicitation Programme held in New Delhi.
• The award was received by Shreekant M Bhandiwad.
• The award was presented by M Nagaraju and S Ramann.
• Karnataka Grameena Bank enrolled 2,49,185 APY accounts against the target of 1,75,500 accounts set by DFS/PFRDA.
• The bank achieved 142% of its APY target, the highest among all banks in Karnataka.
• The Atal Pension Yojana (APY) was launched in May 2015 as a government-backed social security scheme.
• APY is designed mainly for workers in the unorganised sector.
• The scheme provides a guaranteed monthly pension ranging from ₹1,000 to ₹5,000 after the age of 60 years, depending on subscriber contributions.
• The Government of India formed Karnataka Grameena Bank through the amalgamation of two Regional Rural Banks (RRBs) in the state.
• The bank currently operates through a network of 1,750 branches across Karnataka.
• Karnataka Grameena Bank has a total business of ₹1,10,974 crore.
• The bank serves nearly 2 crore customers across the state.

About Karnataka Grameena Bank :

• Founded : May 1, 2025
• Headquarters : Ballari, Karnataka, India
• Chairman : Sri Shrikant M Bhandiwad
• Owner : Government of India (50%), Government of Karnataka (15%), Canara Bank (35%)
• The bank was formed by the amalgamation of Karnataka Gramin Bank and Karnataka Vikas Grameena Bank under The "One State, One RRB" policy of the government designed to improve operational efficiency.
• It functions under Regional Rural Banks' Act 1976 and is sponsored by Canara Bank.

CURRENT AFFAIRS : INTERNATIONAL NEWS

India, China and Japan Join World Trade Organization Members in Criticising UK Steel Safeguard Measures

• India, China, and Japan have joined other World Trade Organization (WTO) members, including South Korea, Switzerland, Russia, and Brazil, in criticising the United Kingdom’s steel safeguard measures.
• The UK steel safeguard measures include tariff-rate quotas and a 25% tariff on imports exceeding quota limits.
• These measures were introduced in response to global steel overcapacity and the impact of the US Section 232 tariffs (2018).
• A safeguard measure under WTO rules allows countries to temporarily restrict imports when domestic industries suffer serious injury due to import surges.
• The United Kingdom applied safeguards to 15 categories of steel products, later extended based on recommendations from the Trade Remedies Authority.
• The UK steel safeguard system originally followed the European Union’s trade response framework (2018).
• Under the regime, imports within quota faced lower duties, while imports beyond quota attracted a 25% tariff.
• The safeguard was extended until 30 June 2024, and later further extended until 30 June 2026, after which continuation is not allowed under WTO rules.
• From July 2026, new UK steel import restrictions will significantly impact the India–UK Comprehensive Economic and Trade Agreement (CETA).
• The revised UK regime will reduce tariff-free steel import quotas by nearly 60% and increase the penalty tariff to 50% beyond quota limits.
• India’s exports of iron and steel products to the UK were approximately USD 893.4 million in 2025–26.
• India and the UK are exploring a “unique and creative solution” to resolve the steel trade dispute, which was not part of the original CETA negotiations.
• Steel products are among the most frequently involved in WTO trade remedy disputes, due to widespread use of quotas, tariffs, and anti-dumping measures across economies.

 CURRENT AFFAIRS: NATIONAL AND STATE NEWS

Dr Jitendra Singh Launches Phase-II of UMMID Programme for Rare Genetic Disorders

• Union Minister of State (Independent Charge) Dr. Jitendra Singh launched Phase-II of the Unique Methods of Management and Treatment of Inherited Disorders (UMMID) Programme.
• The programme was launched under the Department of Biotechnology (DBT) of the Ministry of Science and Technology (MoS&T) at Prithvi Bhawan.
• The programme focuses on the diagnosis, treatment, and management of Rare Genetic Disorders (RGDs).
• Phase-II includes the establishment of National Inherited Diseases Administration (NIDAN) Kendras for advanced genetic diagnostics and counselling services.
• The programme also includes clinician training, capacity-building, community outreach activities, and nationwide digital monitoring through the UMMID Dashboard.
• Phase-II will establish 25 additional NIDAN Kendras across 13 States and 1 Union Territory (UT).
• Three proposed training centres will be set up in Hyderabad, Bengaluru, and Chandigarh.
• The UMMID Programme was first launched on 23 September 2019 as India’s first comprehensive national initiative to introduce molecular diagnostics for rare diseases.
• The initiative aims to strengthen early detection, genetic counselling, and healthcare support for individuals affected by inherited genetic disorders.

CURRENT AFFAIRS: AWARDS AND HONOURS

UNESCO (United Nations Educational, Scientific and Cultural Organization) and Fondation L’Oréal Announce Winners of 2026 For Women in Science International Awards

• UNESCO (United Nations Educational, Scientific and Cultural Organization) and Fondation L’Oréal announced the five laureates of the “2026 L’Oréal-UNESCO For Women in Science International Awards”.
• The awards recognised outstanding contributions in life sciences and environmental sciences.
• The 2026 edition received a record 504 nominations from 89 countries.
• Liesl Zühlke received the Africa and Arab States Award for her cardiovascular research on childhood rheumatic heart disease.
• Felice Jacka won the Asia and the Pacific Award for establishing the field of nutritional psychiatry and demonstrating the impact of diet on mental health.
• Sarah A. Teichmann was named the European laureate for her work in single-cell biology and genomics.
• Raquel Lia Chan received the Latin America and the Caribbean Award for developing drought-resistant crops through agricultural biotechnology.
• Gordana Vunjak-Novakovic won the North America Award for pioneering work in tissue engineering and regenerative medicine, including ‘organs-on-a-chip’ technology.
• The 28th edition of the programme marked the renewal of the partnership between UNESCO and Fondation L’Oréal for another six years.
• The programme aims to support women scientists across 140 countries and territories.
• Each laureate will receive 100,000 Euros.
• The awards ceremony will be held at UNESCO Headquarters on 11 June 2026.
• The programme has recognised more than 5,000 women scientists globally, including 142 international laureates, of whom 7 later received the Nobel Prize.

RECENT NEWS

• The Adani Group has been selected as the official partner for World Engineering Day for Sustainable Development (WED) 2026. This an international day recognized by UNESCO and coordinated by the World Federation of Engineering Organizations (WFEO). 

South Africa Confers Order of Mapungubwe on Salim Abdool Karim and Keertan Dheda

• South African President Cyril Ramaphosa conferred the country’s highest civilian honour, the Order of Mapungubwe, on Indian-origin scientists Professor Salim Abdool Karim and Professor Keertan Dheda.
• The awards were presented during the National Orders ceremony held in Pretoria.
• Professor Salim Abdool Karim received the Order of Mapungubwe (Gold) for his exceptional contributions to medical science, epidemiology, and public health.
• He was honoured for his research on Human Immunodeficiency Virus (HIV), Acquired Immunodeficiency Syndrome (AIDS), and Tuberculosis (TB).
• He was also recognised for his leadership and swift response during the COVID-19 pandemic, which supported South Africa’s early data-driven health response.
• His work is noted for bridging laboratory research with community healthcare services.
• Professor Keertan Dheda received the Order of Mapungubwe (Silver) for his pioneering contributions to pulmonology and tuberculosis research.
• His research has significantly improved the clinical and public health management of Tuberculosis (TB) and drug-resistant respiratory infections.
• Professor Keertan Dheda is internationally recognised for scientific breakthroughs that have influenced public health policies across multiple countries.

CURRENT AFFAIRS : APPOINTMENTS & RESIGNATIONS

Appointments Committee of the Cabinet Extends Narcotics Control Bureau Director General Anurag Garg’s Deputation Tenure Till July 2027

• The Appointments Committee of the Cabinet (ACC), chaired by Narendra Modi, extended the deputation tenure of Anurag Garg as Director General (DG) of the Narcotics Control Bureau (NCB) till 31 July 2027.
• Anurag Garg was appointed as DG of NCB in September 2024.
• He succeeded Satya Narayan Pradhan, who served as DG of NCB from July 2021 to August 2024.
• Anurag Garg is a 1993-batch Indian Police Service (IPS) officer of the Himachal Pradesh cadre.
• In the Himachal Pradesh Police, he served as Assistant Superintendent of Police (ASP) in Shimla.
• He also worked as Aide-de-Camp (ADC) to the Governor of Himachal Pradesh.
• He served as Superintendent of Police (SP) in Bilaspur and Kullu
• Later, he became Deputy Inspector General (DIG) in Mandi district and introduced systematic security infrastructure reforms.
• He also served as Additional Director General of Police (ADGP) for Law and Order and the Vigilance and Anti-Corruption Bureau (ACB) between November 2018 and early 2021.

About Narcotics Control Bureau :

• The Narcotics Control Bureau was established in 1986 under the Ministry of Home Affairs.
• NCB functions as India’s apex anti-drug law enforcement and intelligence agency under the Narcotic Drugs and Psychotropic Substances (NDPS) Act, 1985.

CURRENT AFFAIRS : DEFENCE NEWS

Ring Gantry-Based Linear Accelerator Commissioned at Army Hospital (Research & Referral), Delhi for Advanced Cancer Care

• A Ring Gantry-based Linear Accelerator was commissioned at the Department of Radiation Oncology of Army Hospital (Research & Referral), Delhi on 25 May 2026.
• The commissioning took place in the presence of Rajesh Kumar Singh, the Defence Secretary of India.
• The advanced medical technology will strengthen cancer care services at Army Hospital (R&R) and improve access to advanced radiotherapy treatment.
• The facility will benefit serving defence personnel, veterans, and their dependents by enhancing in-house treatment capacity.
• The Linear Accelerator supports advanced radiotherapy techniques such as Volumetric Modulated Arc Therapy (VMAT), Intensity-Modulated Radiation Therapy (IMRT), Image-Guided Radiation Therapy (IGRT), Stereotactic Body Radiation Therapy (SBRT), and Stereotactic Radiosurgery (SRS).
• The technology enables precise radiation delivery to tumour sites while minimising exposure to surrounding healthy tissues.
• The new system is expected to improve treatment outcomes, precision, and overall patient care.
• The procurement of the new Linear Accelerator represents a major upgrade within the Armed Forces Medical Services (AFMS).
• The earlier radiotherapy equipment has been decommissioned following the induction of the advanced system.
• The induction marks an important step towards the modernisation of oncology services within the AFMS.
• Other oncology centres under AFMS are also being upgraded in a phased manner.
• Senior officials present during the event included Arti Sarin, Director General AFMS, and Avinash Das, Commandant of Army Hospital (R&R).

About Ministry of Defence:

• Cabinet Minister: Rajnath Singh
• Minister of State (MoS): Sanjay Seth

CURRENT AFFAIRS : SCIENCE & TECHNOLOGY

India Successfully Conducts Agni-1 Short-Range Ballistic Missile Test at Chandipur, Odisha

• India successfully conducted the test-firing of the Agni-1 Short-Range Ballistic Missile (SRBM) from the Integrated Test Range (ITR), Chandipur, Odisha.
• The missile test was carried out under the supervision of the Strategic Forces Command (SFC).
• The successful launch validated all the operational and technical parameters of the missile system.

Key Highlights :

• Agni-1 is part of India’s Agni series of ballistic missiles developed for the country’s strategic deterrence capability.
• The missile is capable of carrying both conventional and nuclear warheads.
• Agni-1 is a single-stage, solid-fuelled, road-mobile Short-Range Ballistic Missile (SRBM).
• The missile is equipped with a Transporter Erector Launcher (TEL) and also has rail-launch capability for rapid deployment.
• The strike range of Agni-1 is approximately 700–900 kilometres (km) and can extend up to 1,200 km in some configurations.
• The missile can carry a payload of up to 1,000 kilograms (kg).
• Agni-1 strengthens India’s quick-reaction and high-precision strike capability under the policy of credible minimum deterrence.
• The missile was developed by the Defence Research and Development Organisation (DRDO) under the Integrated Guided Missile Development Programme (IGMDP).
• Agni-1 was inducted into the Indian Armed Forces in 2004.

CURRENT AFFAIRS : ACQUISITIONS & MERGERS

Government to Sell 8% Stake in Central Bank of India Following Strong Offer for Sale Demand

• The Department of Investment and Public Asset Management (DIPAM) announced that the Offer for Sale (OFS) of the Central Bank of India was oversubscribed 35 times on the first day.
• The strong response to the OFS was mainly driven by institutional investor
• Following the oversubscription, the government decided to exercise the entire greenshoe option.
• With the greenshoe option, the total stake sale in the Central Bank of India increased from 4% to 8% of the bank’s equity.
• If the complete 8% stake sale is fully subscribed, the government is expected to raise around ₹2,456 crore through the disinvestment exercise.
• Institutional investors placed bids worth more than ₹2,380 crore during the first day of the OFS.
• The retail bidding phase of the OFS was scheduled for 25 May.
• The OFS was launched to help the bank comply with the Securities and Exchange Board of India (SEBI) norm requiring a minimum 25% public shareholding.
• Before the stake sale, the government held an 27% stake in the Central Bank of India.
• After the successful completion of the OFS, the government’s stake in the bank will decline to 27%.
• For the current fiscal year, the government has set a target of raising ₹80,000 crore through disinvestment and asset monetisation.
• The disinvestment target for the current fiscal is significantly higher than the ₹33,837 crore estimated in the revised estimates for FY26.

About Central Bank of India :

• Founded : 21 December 1911
• Headquarters : Mumbai, Maharashtra, India
• MD & CEO : Kalyan Kumar

CURRENT AFFAIRS: MOUS AND AGREEMENT

Securities and Exchange Board of India, National Institute of Securities Markets and Indian Institute of Corporate Affairs Sign Memorandum of Understanding on Corporate Governance and Sustainability Initiatives

• Securities and Exchange Board of India, National Institute of Securities Markets, and Indian Institute of Corporate Affairs signed a Memorandum of Understanding to collaborate on corporate governance, Environmental Social and Governance initiatives, and capital market-related programmes.
• The agreement was signed in Mumbai in the presence of Tuhin Kanta Pandey, Chairman of the Securities and Exchange Board of India.
• The National Institute of Securities Markets was established by the Securities and Exchange Board of India, while the Indian Institute of Corporate Affairs functions under the Ministry of Corporate Affairs.
• The institutions will jointly develop certification courses, executive education programmes, and training modules related to securities markets and corporate governance.
• The programmes will include training for officials from the Securities and Exchange Board of India and other financial sector and regulatory institutions.
• Major focus areas include Environmental Social and Governance reporting, sustainability disclosures, and Business Responsibility and Sustainability Reporting.
• The collaboration will also focus on responsible investing, sustainable finance, and investor education.
• The institutions will work together on policy studies, research projects, and curriculum development related to capital markets and corporate regulation.
• Key research areas identified under the agreement include insolvency, valuation standards, board governance, market integrity, emerging regulatory frameworks, and Micro, Small and Medium Enterprise access to capital markets.
• The agreement also provides for joint conferences, faculty exchange programmes, and publications.
• The Memorandum of Understanding was signed by Yogita Jadhav, Registrar of the National Institute of Securities Markets, and Dr Garima Dadhich, Head of the School of Business Environment at the Indian Institute of Corporate Affairs.
• Sashi Krishnan, Director of the National Institute of Securities Markets, was present during the signing ceremony.

Maharashtra Signs Memorandums of Understanding Worth Rs 6.5 Lakh Crore for Nuclear Energy Projects

• The Government of Maharashtra signed Memorandums of Understanding (MoUs) with NTPC Limited, Adani Power Limited, Reliance Industries Limited, and Lalitpur Power Generation Company Limited in Mumbai.
• The initiative aims to attract investments worth Rs 6.5 lakh crore for nuclear energy projects in the state.
• The proposed projects are expected to generate a total power generation capacity of 25,400 Megawatts.
• The projects are aimed at strengthening Maharashtra’s long-term energy security, industrial growth, clean energy expansion, and decarbonisation efforts in line with net-zero energy systems.
• Reliance Industries Limited will invest Rs 2 lakh crore to establish Bharat Small Reactors and Small Modular Reactors at Purnagad, Maharashtra, with a planned generation capacity of 7,200 Megawatts.
• Adani Power Limited will invest Rs 1.5 lakh crore to develop a 6,000 Megawatt nuclear power project at Barsu, Maharashtra.
• NTPC Limited will invest Rs 1 lakh crore to develop 7,200 Megawatts of nuclear power capacity in Maharashtra.
• Lalitpur Power Generation Company Limited, part of the Bajaj Group, will invest Rs 2 lakh crore to establish a 5,000 Megawatt nuclear power project in the state.

CURRENT AFFAIRS: SPORTS NEWS

Gurindervir Singh Becomes Fastest Indian Sprinter with 10.09-Second Run

• Indian sprinter Gurindervir Singh became the fastest Indian ever in the men’s 100-metre race after clocking 10.09 seconds at the Federation Cup in Ranchi.
• With this performance, he became the first Indian athlete to enter the 10.0-second range in the men’s 100-metre event.
• The final race was held at Birsa Munda Athletics Stadium.
• A day before the final, Gurindervir Singh had clocked 10.17 seconds in the semifinals and briefly set a new national record.
• Soon after, fellow Indian sprinter Animesh Kujur surpassed the mark with a timing of 10.15 seconds.
• In the final, Gurindervir Singh delivered a historic performance by finishing the race in 10.09 seconds, while Animesh Kujur finished second with 10.20 seconds.
• The achievement is considered a major breakthrough for Indian athletics, as Indian sprinters had been chasing a sub-10.20-second performance for decades.
• The growing rivalry between Gurindervir Singh and Animesh Kujur is expected to raise the standard of sprinting in Indian athletics.
• In international athletics, breaking the 10-second barrier in the 100-metre race is regarded as a major benchmark in sprinting.

Daily CA One- Liner: May 26^th

• Union Minister of State (Independent Charge) Jitendra Singh launched Phase-II of the Unique Methods of Management and Treatment of Inherited Disorders (UMMID) Programme
• UNESCO (United Nations Educational, Scientific and Cultural Organization) and Fondation L’Oréal announced the five laureates of the “2026 L’Oréal-UNESCO For Women in Science International Awards”.
• South African President Cyril Ramaphosa conferred the country’s highest civilian honour, the Order of Mapungubwe, on Indian-origin scientists Professor Salim Abdool Karim and Professor Keertan Dheda
• Securities and Exchange Board of India, National Institute of Securities Markets, and Indian Institute of Corporate Affairs signed a Memorandum of Understanding to collaborate on corporate governance, Environmental Social and Governance initiatives, and capital market-related programmes
• The Government of Maharashtra signed Memorandums of Understanding (MoUs) with NTPC Limited, Adani Power Limited, Reliance Industries Limited, and Lalitpur Power Generation Company Limited in Mumbai
• Indian sprinter Gurindervir Singh became the fastest Indian ever in the men’s 100-metre race after clocking 09 seconds at the Federation Cup in Ranchi.
• The Reserve Bank of India (RBI) imposed a monetary penalty of ₹10.10 lakh on City Union Bank Limited.
• The Reserve Bank of India (RBI) released final amendments to overhaul loan recovery and recovery agent regulations, which will come into effect from 1 October 2026.
• The Asian Infrastructure Investment Bank (AIIB) established the Energy, Food Security and Economic Resilience Facility, aimed at supporting member countries affected by the Middle East conflict.
• The Reserve Bank of India announced a record surplus transfer of ₹2.87 lakh crore to the Government of India (GoI) for Financial Year 2025-26 (FY26), during the 623rd meeting of the Central Board of Directors (CBoDs).
• The National Statistics Office (NSO) under the Ministry of Statistics and Programme Implementation (MoSPI) released the Quarterly Bulletin on Unincorporated Sector Enterprises (QBUSE) for January–March 2026.
• Karnataka Grameena Bank received the National Award from the Pension Fund Regulatory and Development Authority (PFRDA) for outstanding enrolment performance under the Atal Pension Yojana (APY).
• India, China, and Japan have joined other World Trade Organization (WTO) members, including South Korea, Switzerland, Russia, and Brazil, in criticising the United Kingdom’s steel safeguard measures.
• The Appointments Committee of the Cabinet (ACC), chaired by Narendra Modi, extended the deputation tenure of Anurag Garg as Director General (DG) of the Narcotics Control Bureau (NCB) till 31 July 2027.
• A Ring Gantry-based Linear Accelerator was commissioned at the Department of Radiation Oncology of Army Hospital (Research & Referral), Delhi on 25 May 2026.
• India successfully conducted the test-firing of the Agni-1 Short-Range Ballistic Missile (SRBM) from the Integrated Test Range (ITR), Chandipur, Odisha.
• The Department of Investment and Public Asset Management (DIPAM) announced that the Offer for Sale (OFS) of the Central Bank of India was oversubscribed 35 times on the first day.