Dear Readers, Here we have given the list of Important Weekly Current Affairs of May 01st & 07th April 2026. Candidates those who are preparing for Upcoming SBIClerk 2026 and other competitive exams can make use of it.

Weekly Current Affairs May 01st & 07th PDF Download

CURRENT AFFAIRS: IMPORTANT DAYS

• International Labour Day, also known as May Day, is observed every year on May 1 to commemorate the struggles and achievements of workers.

• Gujarat Foundation Day, also known as Gujarat Gaurav Diwas, is celebrated every year on May 1 to mark the formation of Gujarat in 1960 after separation from Bombay State.

• World Tuna Day is observed every year on May 2 to raise awareness about the importance of tuna conservation.

• World Laughter Day 2026 is observed on May 3, 2026, as it falls on the first Sunday of May every year.

• Coal Miners Day is observed every year on May 4 to recognise the contribution of coal miners to the economy and energy sector.

• World Press Freedom Day is observed every year on May 3 to promote the importance of press freedom and independent media.

• World Asthma Day is observed every year on the first Tuesday of May to raise awareness about asthma, a chronic respiratory disease affecting the lungs. In 2026, it is observed on 5 May 2026.

• World Athletics Day 2026 is observed on 7 May 2026 to promote awareness about athletics and encourage participation in sports.

CURRENT AFFAIRS: NATIONAL AND STATE NEWS

• The Employees Provident Fund Organisation will launch a new digital platform E-PRAAPTI, announced by Union Minister of Labour and Employment Mansukh Mandaviya, to enhance digital governance, transparency, and user empowerment.
• The Maharashtra Cabinet led by Chief Minister Devendra Fadnavis approved the Maharashtra Artificial Intelligence Policy 2026 to position the state as a leading Artificial Intelligence hub in India.

• Bengaluru Police introduced an Artificial Intelligence-powered multilingual feature in the Namma 112 emergency helpline, becoming the first police unit in India to implement such technology.

• Prime Minister Narendra Modi inaugurated the Ganga Expressway in Hardoi, Uttar Pradesh.

• The Ministry of Panchayati Raj released the Panchayat Advancement Index 2.0 Report on National Panchayati Raj Day (April 24), highlighting progress in rural development and grassroots governance.

• West Bengal recorded its highest-ever voter turnout after Independence with an overall participation of 92.47 per cent in the Assembly Elections conducted in two phases.

• Karnataka introduced India’s first digital grievance redressal system for gig workers, aiming to enhance transparency, accountability, and worker protection.

• India deployed the Aarogya Maitri portable healthcare infrastructure in Jamaica under the Humanitarian Assistance and Disaster Relief framework, strengthening India–Caribbean relations.

• The Government of India announced that the Kailash Mansarovar Yatra 2026 will be conducted from June to August, marking progress in restoration of cross-border pilgrimage.

• Prime Minister Narendra Modi visited Uttar Pradesh covering Varanasi and Hardoi, focusing on women empowerment and infrastructure development.

• Union Minister of Youth Affairs and Sports Mansukh Mandaviya attended the 75th anniversary celebrations of the National Rifle Association of India (NRAI) held at Dr Karni Singh Shooting Range Finals Hall, New Delhi.

• The Government of India, through the Ministry of Home Affairs, notified the Citizenship Amendment Rules 2026, modifying the Citizenship Rules 2009 to make processes more streamlined, digital, and efficient.

• Dr Neena Malhotra, Secretary South, Ministry of External Affairs, chaired the Brazil Russia India China South Africa (BRICS) Deputy Foreign Ministers and Special Envoys for the Middle East and North Africa meeting in New Delhi under India’s chairship.

• The Ministry of Statistics and Programme Implementation released the 27th edition of its publication titled “Women and Men in India 2025: Selected Indicators and Data” at the National Deliberative Summit on Data for Development held in Bhubaneswar, Odisha.

• According to the Indian Council of Agricultural Research–Central Marine Fisheries Research Institute, Tamil Nadu has emerged as the top marine fish producing state in India in 2025, overtaking Gujarat.

• Shri Nitin Gadkari, Union Minister of Road Transport and Highways, announced the launch of India’s first Multi-Lane Free Flow barrier-less tolling system at the Chorayasi Toll Plaza on the Surat–Bharuch section of National Highway-48 in Gujarat.

• India has been included in the Priority Watch List of the United States Trade Representative Special 301 Report 2026, indicating concerns over the country’s intellectual property rights framework.

• The Andaman and Nicobar Islands achieved a Guinness World Record by unfurling the world’s largest underwater national flag at Radhanagar Beach on Swaraj Dweep (Havelock Island).

• Surya Kant, Chief Justice of India, announced that Sikkim has become the first state in India to achieve a fully paperless judiciary.

• The Union Ministry of Health and Family Welfare has introduced a national framework for managing childhood diabetes for the 0–18 years age group.

• The Government of Karnataka has launched India’s first state-led Centre of Excellence for Space Technology (CoE SpaceTech Foundation) in Bengaluru, Karnataka.

• Shri Jyotiraditya Scindia, Minister of Communications, launched the Cell Broadcast System (CBS) in New Delhi to enhance India’s emergency communication and disaster management framework.

• The Northeastern Handicrafts and Handlooms Development Corporation (NEHHDC) under the Ministry of Development of Northeastern Region (MDoNER) launched ‘Padma Doree’, a cross-regional textile initiative combining Eri (Ahimsa) silk of Northeast India with Chanderi weaving of Madhya Pradesh.

• The Ministry of Health and Family Welfare (MoHFW) launched Fire Safety Week 2026 from 4–10 May 2026, beginning with a nationwide pledge led by Punya Salila Srivastava, Union Health Secretary.

• Hazaribag district in Jharkhand is set to become India’s first pearl farming cluster, led by the Fisheries Department with government support.

• The Bureau of Indian Standards (BIS), under the Department of Consumer Affairs (DCA), Ministry of Consumer Affairs, Food and Public Distribution (MoCAF&PD), has published six new Indian Standards for priority medical assistive technologies under the National List of Essential Assistive Products (NLEAP)

• The Union Government has notified the creation of the South Coast Railway Zone (SCoR) with headquarters at Visakhapatnam, Andhra Pradesh under the Railways Act, 1989.

• The National Council of Educational Research and Training (NCERT) has launched PRASHAST 2.0 (Pre-Assessment Holistic Screening Tool), an upgraded digital platform for early identification of disabilities in school children.

• The Union Cabinet, led by Shri Narendra Modi, Prime Minister of India, has approved a proposal to increase the judge strength of the Supreme Court of India from 33 to 37 judges (excluding the Chief Justice of India).

• The Union Cabinet, led by Shri Narendra Modi, Prime Minister of India, has approved the establishment of a state-of-the-art ship repair facility at Vadinar, Gujarat, with an investment of around ₹1,570 crore.

• The Union Cabinet, led by Shri Narendra Modi, Prime Minister of India, has approved two semiconductor projects under the India Semiconductor Mission (ISM) with a combined investment of over ₹3,936 crore.

 CURRENT AFFAIRS: INTERNATIONAL NEWS

• The United Nations Educational, Scientific and Cultural Organization (UNESCO) has designated 12 new Global Geoparks, increasing the total to 241 sites across 51 countries, covering more than 882,000 square kilometres (sq km).

• The United Arab Emirates (UAE) has announced its decision to exit the Organisation of the Petroleum Exporting Countries (OPEC) and the wider OPEC+ alliance, effective from May 1, 2026.

• The United States of America (USA), under President Donald Trump, launched “Project Freedom”, a naval escort operation to secure commercial vessels in the Strait of Hormuz amid rising Iran–USA tensions.

 CURRENT AFFAIRS: BANKING AND BUSINESS

• The Reserve Bank of India (RBI) has launched Mission SAKSHAM (Sahkari Bank Kshamta Nirman), a nationwide capacity-building programme for strengthening the Urban Co-operative Banks (UCBs)

• The Department of Financial Services (DFS) under the Ministry of Finance, Government of India is implementing sustained and targeted measures to strengthen human resource capacity in Public Sector Banks (PSBs) through calibrated workforce expansion, improved operational efficiency, and governance-oriented reforms.

• The Reserve Bank of India (RBI) has issued a Master Direction on asset classification, income recognition, and provisioning, introducing a shift to the Expected Credit Loss (ECL) framework, effective from April 1, 2027.

• Flipkart Internet Private Limited, in partnership with Axis Bank Limited and PayU Payments Private Limited, has launched biometric authentication for card payments, replacing traditional One-Time Passwords (OTPs)-based verification.

• Cheque Truncation System (CTS) is a mechanism where the physical cheque is stopped (truncated) during clearing after its electronic image is captured and transmitted, eliminating the need for physical movement of cheques between banks.

• India Post Payments Bank (IPPB), a 100% Government of India-owned entity under the Department of Posts, Ministry of Communications, has launched the Self Help Group (SHG) Savings Account to promote financial inclusion and women empowerment in rural India.

• The National Asset Reconstruction Company Limited (NARCL) has emerged as a key institution in India’s stressed asset resolution framework, supporting the banking sector balance sheet strengthening.

• JPMorgan Chase & Co. has downgraded Indian equities from “overweight” to “neutral”, citing elevated valuations compared to emerging market peers.

• The Reserve Bank of India (RBI) has released the 46th Half-Yearly Report on Management of Foreign Exchange Reserves for the period October 2025 to March 2026.

• The Reserve Bank of India (RBI) has directed banks to report all Over-the-Counter (OTC) foreign exchange derivative contracts involving the Indian Rupee (INR) to the Clearing Corporation of India Limited (CCIL).

• The Reserve Bank of India (RBI) has issued final guidelines titled RBI (NBFC – Registration, Exemptions and Framework for Scale Based Regulation) Amendment Directions, 2026 for certain Non-Banking Financial Companies (NBFCs).

• The Reserve Bank of India (RBI) has introduced a 3-day grace period for credit card payments under its updated regulatory framework.

• The Securities and Exchange Board of India (SEBI) has operationalised the Past Risk and Return Verification Agency (PaRRVA) framework to improve transparency in performance claims made by market intermediaries.

• The Central Government has notified 100% Foreign Direct Investment (FDI) in the insurance sector under the automatic route.

• The Department of Financial Services (DFS) organised a colloquium of Debt Recovery Tribunals (DRTs) and Debt Recovery Appellate Tribunals (DRATs) at Vigyan Bhavan, New Delhi to improve tribunal functioning.

• According to Reserve Bank of India (RBI) data, bank loans against jewellery surged nearly 5 times to ₹4.6 lakh crore in March 2026, up from ₹93,301 crore two years earlier.

• The Government of India has tweaked rules under the Foreign Exchange Management Act (FEMA) to allow certain overseas investments under the automatic route.

• NPCI Bharat BillPay Limited (NBBL), a subsidiary of the National Payments Corporation of India (NPCI), has partnered with Juspay Technologies Private Limited with an aim to launch a unified switch and Software Development Kit (SDK) for the Banking Connect platform.

• Tata AIA Life Insurance Company Limited has launched a new Unit Linked Insurance Plan (ULIP) named ‘Shubh Health Criti’ in India.

• The Securities and Exchange Board of India (SEBI) has proposed amendments to the Securitised Debt Instruments (SDI) Regulations to align them with the Reserve Bank of India (RBI) guidelines on securitisation of standard assets (SSA).

• The Financial Year 2025–26 ended with strong year-on-year (y-o-y) non-food credit growth of 15.9%, an increase of 497 basis points (bps) from 10.9% in FY 2024–25.

• The Asian Development Bank launched a USD 70 billion initiative to expand energy and digital infrastructure across Asia-Pacific by 2035.

• The Reserve Bank of India moved 104.23 metric tonnes (MT) of its gold reserves domestically in the six months ended March 2026, reflecting a continued shift toward domestic gold custody.

• According to government data, India’s gross Goods and Services Tax (GST) revenue reached a record ₹2.43 lakh crore in April, marking an 8.7% year-on-year growth over ₹2.23 lakh crore collected in April last year.

• The Union Cabinet chaired by Prime Minister Shri Narendra Modi has approved the Emergency Credit Line Guarantee Scheme (ECLGS 5.0) to address short-term liquidity challenges arising due to the West Asia crisis.

• The Department of Financial Services has approved Viability Plan 2.0 for Regional Rural Banks (RRBs) to strengthen financial stability, governance reforms, and operational efficiency.

• National Stock Exchange of India (NSE) has launched the Electronic Gold Receipts (EGR) segment with approval from Securities and Exchange Board of India (SEBI) to create a transparent and efficient gold trading ecosystem.

• The Asian Development Bank (ADB) has launched a new financing facility titled “Critical Minerals-to-Manufacturing Financing Partnership Facility” to strengthen critical minerals supply chains across Asia and the Pacific region.

• The Securities and Exchange Board of India (SEBI) has introduced a fast-track mechanism for processing Private Placement Memoranda (PPM) of Alternative Investment Funds (AIFs).

 CURRENT AFFAIRS: AWARDS AND HONOUR

• Indian scientist Parveen Shaikh received the 2026 Whitley Award from the Whitley Fund for Nature for her work in protecting the endangered Indian Skimmer.

• Indian journalists R. K. Anand and Suparna Sharma have won the Pulitzer Prize 2026 in the Illustrated Reporting and Commentary category for their reporting on cyber fraud and digital surveillance.

 CURRENT AFFAIRS: APPOINTMENTS & RESIGNATIONS

• Reliance Enterprise Intelligence Limited (REIL), a joint venture (JV) between Reliance Intelligence Limited and Meta (Facebook Overseas Inc.), appointed Parminder Singh as its Chief Executive Officer (CEO) with immediate effect.

• Shri Bharat Khera has assumed charge as Secretary, Ministry of Micro, Small and Medium Enterprises (MSME), Government of India.

• The Ministry of Information & Broadcasting (MIB) has appointed noted filmmaker Ashutosh Gowariker as the Festival Director for the 57th International Film Festival of India (IFFI) to be held in Goa.

• Shri Vishvajit Sahay, a 1990-batch officer of the Indian Defence Accounts Service (IDAS), assumed charge as Secretary (Defence Finance), Ministry of Defence on 1 May 2026.

• The Government of India has appointed Rohit Jain as the Deputy Governor of the Reserve Bank of India (RBI) through a notification dated 02 May 2026.

• Shri Anugraha Narayana Das, a 1991-batch officer of the Indian Defence Accounts Service (IDAS), has assumed charge as the Controller General of Defence Accounts (CGDA) with effect from 1 May 2026.

• Lok Sabha Speaker Om Birla has reconstituted four Parliamentary Committees for the year 2026–27.

• Prime Minister Narendra Modi has approved the appointment of Dr. R. Balasubramaniam and Dr. Joram Aniya as full-time members of National Institution for Transforming India (NITI Aayog).

• The Ministry of Information & Broadcasting has appointed noted lyricist, writer, and communications expert Shri Prasoon Joshi as the Chairman of Prasar Bharati, India’s public service broadcaster.

• Hindustan Aeronautics Limited has appointed Shri Ravi K. as its 22nd Chairman and Managing Director (CMD).

• City Union Bank (CUB) announced a leadership transition, as N. Kamakodi completed his maximum tenure of 15 years as Managing Director & Chief Executive Officer.

• The Government of India, through a notification issued by the Ministry of Information and Broadcasting on May 6, 2026, appointed Shri Shashi Shekhar Vempati as the Chairperson of the Central Board of Film Certification (CBFC).

CURRENT AFFAIRS: MOUS AND AGREEMENT

• The United Nations Educational, Scientific and Cultural Organization (UNESCO) has partnered with the Government of Sikkim to document the indigenous engineering practice of Ru-Soam cane bridges developed by the Lepcha community in the Khangchendzonga Biosphere Reserve.

• The Ministry of Jal Shakti signed reform-linked Memoranda of Understanding (MoUs) with the states of Uttarakhand, Karnataka, and Tripura under Jal Jeevan Mission (JJM) 2.0, following approval by the Union Cabinet.

CURRENT AFFAIRS: RANKING AND INDEX

• India has been ranked 157th out of 180 countries in the World Press Freedom Index 2026 released by Reporters Without Borders.

CURRENT AFFAIRS: SCIENCE & TECHNOLOGY

• Union Minister Ashwini Vaishnaw (Ministry of Information & Broadcasting(MIB) and Ministry of Electronics & Information Technology(MeitY)) along with Andhra Pradesh Chief Minister N. Chandrababu Naidu laid the foundation stone for the Google Cloud India Artificial Intelligence (AI) Hub in Tarluvada, Visakhapatnam, Andhra Pradesh.

• A. Revanth Reddy, Chief Minister of Telangana, flagged off the flight hardware of Vikram-1, India’s first privately built orbital rocket, developed by Skyroot Aerospace Private Limited.

• The Indian Institute of Tropical Meteorology (IITM), an autonomous institute under the Ministry of Earth Sciences (MoES), Government of India, has established a Coastal Atmospheric Research Testbed (C-ART) at Andhra University (AU), Visakhapatnam.

• The Ministry of Electronics and Information Technology (MeitY) has launched two indigenously developed Silicon Photonics technology solutions at the Centre of Excellence for Programmable Photonic Integrated Circuits and Systems (CoE-CPPICS), IIT Madras, Chennai, Tamil Nadu.

• Oil and Natural Gas Corporation Limited (ONGC), under the Ministry of Petroleum and Natural Gas (MoPNG), has approved the formation of a Joint Venture (JV) for integrated petrochemicals marketing and trading.

• India has successfully conducted the second flight test of a Long-Range Hypersonic Anti-Ship Missile (LR-AShM) developed by the Defence Research and Development Organisation (DRDO).

• Sigma Advanced Systems Limited (SIGD), an Indian aerospace and defence company, has signed a 7-year long-term agreement worth ₹3,800 crore (~300 million pounds) with Rolls-Royce (UK).

• The Indian Council of Medical Research (ICMR) has developed a Priority Pathogen List for Syndromic Surveillance in India.

• Union Minister Dr. Jitendra Singh stated that India has entered a decisive phase in its defence transformation, driven by technology, indigenous innovation, and private sector participation.

• SpaceX successfully launched a Falcon 9 rocket from Space Launch Complex 4 East (SLC-4E) at Vandenberg Space Force Base in California, United States of America (USA) .

CURRENT AFFAIRS: DEFENCE NEWS

• Bharat Heavy Electricals Limited (BHEL) has signed a Licensing Agreement for Transfer of Technology (LAToT) with Defence Research and Development Organisation’s (DRDO) Naval Science and Technological Laboratory (NSTL), marking a key step in indigenous defence technology development.

• Mahendragiri (Yard 12654), the sixth ship of Nilgiri-class (Project 17A) and the fourth ship built at Mazagon Dock Shipbuilders Limited (MDSL), was delivered to the Indian Navy in Mumbai.

• The Indian Army contingent has departed for the 2nd edition of India–Cambodia Bilateral Military Exercise CINBAX-II 2026, a joint India–Cambodia Army Exercise.

• The Defence Research and Development Organisation (DRDO) in collaboration with the Indian Navy (IN) successfully conducted the maiden salvo launch of the Naval Anti-Ship Missile–Short Range (NASM-SR).

• The Hon’ble President of India and Supreme Commander of the Armed Forces, Droupadi Murmu, visited the Headquarters of Army Training Command (ARTRAC), Shimla.

• IG Defence unveiled two indigenous defence systems—KAL and JWALA—at the North Tech Symposium 2026 held in Prayagraj.

• The Royal Netherlands Navy ship HNLMS De Ruyter (F804), a De Zeven Provinciën-class frigate, arrived at Kochi, marking an important step in India–Netherlands maritime cooperation.

• The Indian Ocean Ship (IOS) Sagar – INS Sunayna entered Yangon Harbour as part of India’s maritime outreach and regional engagement.

• The Ministry of Defence signed a contract worth ₹1,476 crore with Bharat Electronics Limited (BEL), Hyderabad for procurement of five Ground-Based Mobile Electronic Systems for the Indian Army.

 CURRENT AFFAIRS: ACQUISITIONS & MERGERS

• Mazagon Dock Shipbuilders Limited (MDL) has acquired a controlling 51% stake in Colombo Dockyard PLC (CDPLC), marking its first international acquisition.

• Federal Bank is set to acquire a select credit card portfolio from Standard Chartered Bank India comprising around 4.5 lakh credit cards.

• A consortium led by steel magnate Lakshmi N. Mittal’s family, along with Serum Institute of India CEO Adar Poonawalla, has signed a definitive agreement to acquire the IPL franchise Rajasthan Royals at a valuation of about $1.65 billion.

CURRENT AFFAIRS: APPS & PORTALS

• The Mizoram Government has launched the ‘Khuarel’ mobile application, a real-time disaster incident reporting and management system.

• The Swasth Bharat Portal was launched during the 10th National Summit on Innovation and Inclusivity by the Union Minister for Health and Family Welfare, Shri Jagat Prakash Nadda, marking a major step in India’s digital healthcare transformation.

CURRENT AFFAIRS: SPORTS NEWS

• India’s campaign in the Thomas Cup 2026 ended with a 0–3 defeat against France in the semifinals, resulting in a bronze medal finish in Horsens Denmark.

• The Badminton World Federation (BWF) Thomas and Uber Cup Finals 2026 were held at Horsens, Denmark.

CURRENT AFFAIRS: OBITUARIES

• Renowned Indian hockey player Gurbax Singh Grewal passed away at the age of 84 in New Delhi, Delhi.

• Former Indian golfer Vijay Kumar passed away at the age of 57 in Lucknow, Uttar Pradesh (UP).

• Alessandro Leone Zanardi, popularly known as Alex Zanardi, passed away at the age of 59 in Veneto, Italy.