Friday, May 08

Daily Current Affairs: 8 May 2026

Daily current affairs for 8 May 2026 with exam-focused key facts, connected news context, and revision notes for UPSC, SSC, banking and government exams.

Editorial note for exam revision Last updated: 8 May 2026. This briefing is structured for current affairs revision, with key updates and related coverage links to help readers connect recurring topics across days.

Today at a glance

Top current affairs to revise

  1. Scheduled Commercial Banks (SCBs) record 15.9% non-food credit growth in FY26
  2. Government of India sets 60-day FDI clearance for 40 sub-sectors from land-bordering nations
  3. International Organization for Migration (IOM) ranks India first in global remittance inflows
  4. State Bank of India (SBI) expects lending of ₹70,000-80,000 crore under ECLGS 5.0
  5. JANANI: Digital Maternal and Child Healthcare Platform for Unified Health Services
  6. Union Cabinet approves amendment to Prevention of Insults to National Honour Act for Vande Mataram

Scheduled Commercial Banks (SCBs) record 15.9% non-food credit growth in FY26

Key Updates:

  • Scheduled Commercial Banks (SCBs) recorded a year-on-year non-food credit growth of 15.9% in financial year 2025–26.
  • Total outstanding credit of SCBs stood at ₹212.9 lakh crore as of March 2026, an increase of ₹29.2 lakh crore over the previous year.
  • Sector-wise, services sector registered the highest credit growth at 19%, followed by personal loans (16.2%), agriculture and allied activities (15.7%), and industry (15%).
  • Industrial credit growth nearly doubled to 15% from 8.2%, with micro and small industries recording a sharp rise of 33.1%.
  • Personal loans grew by 16.2%, driven by vehicle loans and loans against gold jewellery, while housing credit remained stable.

Related Current Affairs Coverage


Government of India sets 60-day FDI clearance for 40 sub-sectors from land-bordering nations

Key Updates:

  • The Government of India has established a 60-day timeline to process and decide Foreign Direct Investment (FDI) proposals from countries sharing land borders, including China, Pakistan, Bangladesh, Nepal, Bhutan, Myanmar, and Afghanistan.
  • The expedited clearance applies to 40 sub-sectors under six broad categories: capital goods manufacturing, electronic capital goods and electronic component manufacturing, polysilicon wafers, advanced battery components, rare earth permanent magnets, and rare earth processing.
  • Specific sub-sectors identified for fast-track approval include insulation items, castings and forgings for power plants, machine tools, display components (plasma, polymer, LCD, LED), camera modules, electronic capacitors, speakers and microphones for ICT products, Li-ion batteries, wearables, and rare earth metal facilities.
  • A mandatory condition for these proposals is that the majority shareholding and control of the investee entity must remain with resident Indian citizens or Indian-owned and controlled entities at all times.
  • The Department for Promotion of Industry and Internal Trade (DPIIT) mandated that Indian investee firms must report investment details prior to inward remittance under the Foreign Exchange Management (Mode of Payment and Reporting of Non-debt Instruments) Regulations, 2019, for access by the Reserve Bank of India (RBI).

Related Current Affairs Coverage


International Organization for Migration (IOM) ranks India first in global remittance inflows

Key Updates:

  • The International Organization for Migration (IOM) reported that India received the highest remittances globally in 2024 with inflows of $137.67 billion, becoming the first nation to cross the $100 billion mark.
  • India's annual remittance inflows increased from $83.15 billion in 2020 to $137.67 billion in 2024.
  • The top five remittance-receiving countries in 2024 were India, Mexico, the Philippines, France, and Pakistan.
  • The United States was the largest source of remittances in 2024 with over $100 billion, followed by Saudi Arabia (over $46 billion), Switzerland (around $40 billion), and Germany (nearly $24 billion).
  • Under Sustainable Development Goal (SDG) 10.C, the target is to reduce remittance transaction charges to below 3 per cent for sending $200, while South Asia recorded the lowest average cost at around 5 per cent.

Related Current Affairs Coverage


State Bank of India (SBI) expects lending of ₹70,000-80,000 crore under ECLGS 5.0

Key Updates:

  • State Bank of India (SBI) expects eligible customer utilisation under the Emergency Credit Line Guarantee Scheme (ECLGS) 5.0 to be in the range of ₹70,000-80,000 crore.
  • The Reserve Bank of India (RBI) will facilitate an underwriting auction for government securities worth ₹34,000 crore on 8th May.
  • Kotak Mahindra Bank received approval from the RBI to acquire up to 9.99% stake in AU Small Finance Bank (AU SFB).
  • Axis Bank raised $500 million in an offshore loan from MUFG.
  • Union Bank shed approximately ₹75,000 crore in bulk deposits in FY26, including ₹30,000 crore in Q4.

Related Current Affairs Coverage


JANANI: Digital Maternal and Child Healthcare Platform for Unified Health Services

Key Updates:

  • The Union Ministry of Health and Family Welfare (MoHFW) launched JANANI (Journey of Antenatal, Natal and Neonatal Integrated Care) to unify pregnancy tracking and newborn care under a digital system.
  • Developed as an upgraded version of the Reproductive and Child Health (RCH) portal, the platform was unveiled at the National Summit on Innovation and Inclusivity: Best Practices Shaping India’s Health Future.
  • The platform has recorded 1.34 crore beneficiary registrations, over 30 lakh registrations of pregnant women, over 30 lakh Mother and Child Health (MCH) cards, and over 1 lakh biometric verifications.
  • JANANI features QR-enabled digital MCH cards and interoperability with other platforms including U-WIN and POSHAN for seamless data exchange.
  • Registration is available through Ayushman Bharat Health Account (ABHA), Aadhaar-linked OTP or biometric verification, and mobile numbers.

Related Current Affairs Coverage

The Samriddh Gram: Integrated Phygital Service Delivery Model is enabled by BharatNet, an initiative of the Department of Telecommunications (DoT). The initiative has been nominated for the World Summit on the…


Union Cabinet approves amendment to Prevention of Insults to National Honour Act for Vande Mataram

Key Updates:

  • The Union Cabinet approved amending the Prevention of Insults to National Honour Act to place the National Song, Vande Mataram, on par with the National Anthem, Jana Gana Mana.
  • Vande Mataram was penned by Bankim Chandra Chatterjee in 1875, while Jana Gana Mana was composed by Rabindranath Tagore.
  • The amendment extends legal protections to Vande Mataram, making disruptions or disrespectful acts legally enforceable rather than just advisory.
  • Acts of disruption include interrupting the song (shouting slogans, playing loud music, making noise, organising protests), mocking or parodying (jokes, gestures, mimicking, altering lyrics), refusing protocol (remaining seated, walking around, talking loudly), and disrupting institutional events (school assemblies, government functions, official ceremonies).
  • Penalties for such acts include up to 3 years imprisonment, a fine, or both.

Related Current Affairs Coverage

The U.S. administration unveiled drawings for a 250-foot Triumphal Arch across the Potomac River on 10 April. The project is intended to coincide with the 250th anniversary of the founding of the United States in July.

The 78th edition of Zomi National Day was celebrated at the Centenary Hall of the Evangelical Baptist Convention (EBC) in Churachandpur, Manipur. Manipur deputy chief minister Losi Dikho attended as chief guest…


Emergency Credit Line Guarantee Scheme (ECLGS) 5.0: Rs 18,100 Crore Outlay

Key Updates:

  • The Union Cabinet approved the Emergency Credit Line Guarantee Scheme (ECLGS) 5.0 with an outlay of Rs 18,100 crore to address short-term liquidity mismatches caused by the West Asia Crisis.
  • Eligible borrowers include Micro, Small and Medium Enterprises (MSMEs), non-MSMEs with existing working capital limits, and scheduled passenger airlines with outstanding credit facilities as of March 31, 2026.
  • The National Credit Guarantee Trustee Company Limited (NCGTC) will provide fee-free guarantee coverage of 100% for MSMEs and 90% for non-MSMEs and the airline sector.
  • MSMEs and non-MSMEs can avail additional credit up to 20% of peak working capital utilised during the fourth quarter of FY26 (capped at Rs 100 crore), while airlines can avail up to 100% additional credit (capped at Rs 1,500 crore).
  • The loan tenure is five years with a one-year moratorium for MSMEs and non-MSMEs, and seven years with a two-year moratorium for airlines.

Related Current Affairs Coverage


Cabinet Approves ECLGS 5.0, Railway Projects, and Sugarcane FRP Increase

Key Updates:

  • The Ministry of Statistics and Programme Implementation (MoSPI) issued new guidelines for states to shift the Gross State Domestic Product (GSDP) base year to 2022-23 to align with national Gross Domestic Product (GDP) revisions.
  • The Union Cabinet approved the Emergency Credit Line Guarantee Scheme 5.0 (ECLGS 5.0) to provide additional credit to Micro, Small and Medium Enterprises (MSMEs) and airlines facing economic challenges.
  • The government increased the Fair and Remunerative Price (FRP) of sugarcane by ₹10 to ₹365 per quintal for the 2026-27 season, a move expected to benefit one crore farmers.
  • The Union Cabinet approved three new railway projects with an estimated cost of ₹23,437 crore to enhance infrastructure and connectivity across 19 districts in six states.
  • The timeline for the Pradhan Mantri Gram Sadak Yojana-III (PMGSY-III) was extended with an increased financial outlay of over ₹83,000 crore to support rural road development and connectivity.

Related Current Affairs Coverage


Rashtriya Bal Swasthya Karyakram (RBSK) 2.0 Guidelines Released for Comprehensive Child Health Screening

Key Updates:

  • The Ministry of Health and Family Welfare (MoHFW) released the Rashtriya Bal Swasthya Karyakram (RBSK) 2.0 Guidelines at the National Summit on Good Practices and Innovations in Public Healthcare Service Delivery.
  • The updated framework expands the established 4Ds approach—Defects at Birth, Diseases, Deficiencies, and Developmental Delays—to include mental health conditions, behavioural concerns, and non-communicable diseases.
  • RBSK 2.0 follows a lifecycle-based approach to provide a comprehensive continuum of care for children from birth to 18 years of age.
  • Health screening services are delivered through Mobile Health Teams at Anganwadi Centres and schools to identify risk factors for conditions such as diabetes and hypertension.
  • The guidelines introduce digital health cards, real-time data systems, and a robust referral tracking system to ensure children identified with health conditions receive facility-based diagnosis and treatment.

Related Current Affairs Coverage


NITI Aayog launches Central Prabhari Officer (CPO) portal for real-time governance

Key Updates:

  • NITI Aayog has launched the Central Prabhari Officer (CPO) portal to strengthen real-time governance and improve coordination among stakeholders.
  • The portal is designed to accelerate last-mile delivery under the Aspirational Districts Programme (ADP) and Aspirational Blocks Programme (ABP).
  • Central Prabhari Officers (CPOs) will submit field observations and recommendations in real time via mobile devices to inform policy actions and administrative interventions.
  • The platform enables Districts to view suggestions provided by CPOs and submit responses, while State Planning Secretaries coordinate implementation across departments.
  • Officers at NITI Aayog and various Line Ministries and Departments will monitor these inputs to ensure data-driven governance and faster administrative response.

Related Current Affairs Coverage


100 Days Ayushman Student Coverage Mission to Expand Youth Health Coverage in Nagaland

Key Updates:

  • Nagaland launched the ‘100 Days Ayushman Student Coverage Mission’ to expand health coverage for its younger citizens.
  • The mission is being implemented from May to August, led by the Nagaland Health Protection Society (NHPS) in collaboration with district administrations.
  • Registration and Ayushman card generation camps will be conducted in selected educational institutions.
  • Eligible students will be enrolled under the Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB-PMJAY) and the Chief Minister Health Insurance Scheme (CMHIS).
  • The initiative aims to strengthen student health security through universal registration and improved access to healthcare benefits.

Related Current Affairs Coverage

Ayushman Bharat Diwas is celebrated annually on April 30 to recognise the impact of the Pradhan Mantri Jan Arogya Yojana (PM-JAY). PM-JAY was launched on September 23, 2018, in Ranchi, Jharkhand.


Solomon Islands Prime Minister Jeremiah Manele ousted in no-confidence vote on 7 May 2026

Key Updates:

  • Jeremiah Manele was ousted as Prime Minister of the Solomon Islands after a 26-22 vote of no confidence on 7 May 2026.
  • The no-confidence motion was moved by former deputy prime minister Frederick Kologeto and the 'New Coalition' seized control of the 50-seat Parliament.
  • In his final statement, Manele warned Opposition leader Matthew Cooper Wale to 'be very careful of who you are dealing with and sitting next to'.
  • Manele raised concerns that a recent Appeal Court decision could 'open the door to more political instability' by involving courts in parliamentary processes.
  • The removal raises immediate questions about the future of the 2022 security pact and Solomon Islands' ties with China.

Related Current Affairs Coverage


India and European Union launch ₹169 crore EV battery recycling partnership

Key Updates:

  • India and the European Union (EU) launched a ₹169 crore (€15.2 million) joint programme to enhance electric vehicle (EV) battery recycling capacity and recover critical raw materials.
  • The initiative was announced under the India-EU Trade and Technology Council (TTC), specifically within Working Group 2 focused on green and clean energy technologies.
  • The programme focuses on recovering critical minerals such as lithium, cobalt, graphite, and nickel from used batteries.
  • A joint EU-India pilot line will be established in India to test and deploy innovative recycling technologies.
  • The deadline for submitting proposals for the third coordinated call for EV battery recycling technologies is September 15, 2026.

Related Current Affairs Coverage


India and Vietnam Review Defence Ties and Sign 13 Agreements in New Delhi on 6 May 2026

Key Updates:

  • Union Minister for Defence Rajnath Singh held a bilateral meeting with Vietnam’s Deputy Prime Minister and Minister of National Defence, General Phan Van Giang, in New Delhi on 6 May 2026.
  • The two nations signed 13 agreements to provide for deeper two-way engagement and reviewed the growing strategic trust under the India-Vietnam Enhanced Comprehensive Strategic Partnership.
  • Discussions focused on expanding cooperation in key areas including maritime security, defence industry collaboration, and joint research, co-development, and co-production.
  • Defence Minister Rajnath Singh reiterated India’s commitment to working with Vietnam under the Mutual and Holistic Advancement for Security and Growth for All in the Region (MAHASAGAR) vision.
  • Vietnam President To Lam was accorded a ceremonial welcome at Rashtrapati Bhavan on his maiden visit to India during the high-level exchanges.

Related Current Affairs Coverage


India commemorates first anniversary of Operation Sindoor against terror infrastructure in PoK and Pakistan

Key Updates:

  • India observed the first anniversary of Operation Sindoor, a military countermeasure initiated following the Pahalgam terror attack on 22 April 2025.
  • The operation involved decisive military action by the Indian Armed Forces against terror infrastructure and terrorists located in Pakistan-occupied Kashmir (PoK) and Pakistan.
  • The Indian Air Force (IAF) released footage of the 88-hour military response, which included precision strikes that commenced at 1:05 AM.
  • The Headquarters of the Indian Defence Staff (HQ IDS) designated the operation as a symbol of national resolve to safeguard the sovereignty of the country.
  • Prime Minister (PM) Narendra Modi stated that India would identify and punish terrorists and their backers, asserting that terror and trade cannot coexist.

Related Current Affairs Coverage


India's Ministry of Defence signs ₹1,476 crore contract with Bharat Electronics Ltd for Indian Army systems

Key Updates:

  • The Ministry of Defence (MoD) signed a ₹1,476 crore contract with Bharat Electronics Ltd (BEL) to procure five ground-based mobile electronic systems for the Indian Army.
  • The mobile electronic systems are intended to boost the surveillance and networking infrastructure of the Indian Army.
  • The systems will feature a minimum of 72 per cent indigenous content.
  • The contract was inked under the Buy (Indian-Indigenously designed, developed and manufactured) category in the presence of Defence Secretary Rajesh Kumar Singh.
  • The procurement aligns with the Aatmanirbhar Bharat and Make-in-India initiatives to strengthen the indigenous defence manufacturing ecosystem.

Related Current Affairs Coverage


CSIR-CRRI and BPCL Develop India's First Plastic Waste-Based Phoenix Geocell for Road Construction

Key Updates:

  • The Council of Scientific and Industrial Research-Central Road Research Institute (CSIR-CRRI) and Bharat Petroleum Corporation Limited (BPCL) developed the Phoenix Geocell, India's first technical textile geocell made from end-of-life mixed plastic waste.
  • The technology converts mixed municipal plastic waste into structural strips of 4–8 mm thickness to create honeycomb structures with thermal stability up to 250 degrees Celsius.
  • The innovation was demonstrated on July 11, 2025, at Loop 1 of the elevated DND–Faridabad–KMP Expressway near Delhi with support from the National Highways Authority of India (NHAI).
  • The geocell system underwent durability and performance testing under extreme temperatures and varying terrain conditions in Leh and Bikaner.
  • The project was recognised by the India Book of Records and Asia Book of Records and aligns with the Swachh Bharat Mission, Waste to Wealth Mission, and Atmanirbhar Bharat.

Related Current Affairs Coverage

The MP Birla Planetarium (MPBP) conferred the MP Birla Memorial Award on Yashwant Gupta, the director of the National Centre for Radio Astrophysics (NCRA) at Tata Institute of Fundamental Research (TIFR). The biennial…

Prasar Bharati extended free access to its PB-SHABD (Shared Audio-Visuals for Broadcast and Dissemination) platform until March 2027. PB-SHABD was launched in March 2024 and delivers daily news content in video, audio…


Unique Identification Authority of India (UIDAI) and National Forensic Sciences University (NFSU) Sign 5-Year Cybersecurity Pact

Key Updates:

  • The Unique Identification Authority of India (UIDAI) has entered into a five-year partnership with the National Forensic Sciences University (NFSU) to bolster India's digital identity infrastructure.
  • The memorandum of understanding (MoU) was formalised between UIDAI Chief Executive Officer (CEO) Vivek Chandra Verma and S.O. Junare, Director of the Gujarat Campus of NFSU.
  • The collaboration focuses on six strategic domains: academic enrichment, information security, forensic capabilities, cybersecurity technical support, research in cutting-edge technologies, and educational outreach.
  • Joint research efforts under this agreement will explore artificial intelligence (AI), blockchain, deepfake detection, and cryptographic technologies.
  • The partnership aims to strengthen digital resilience and forensic capabilities to safeguard digital public infrastructure while providing student placement and capacity building opportunities.

Related Current Affairs Coverage


NLC India Limited (NLCIL) signs agreement with EDF-France for nuclear power development

Key Updates:

  • NLC India Limited (NLCIL) signed a Non-Disclosure Agreement (NDA) with EDF – France on 27 April 2026 to explore the development of nuclear projects in India.
  • The collaboration focuses on Evolutionary Power Reactor (EPR) and Small Modular Reactor (SMR) technologies as complementary solutions for carbon-free nuclear power.
  • EDF – France is the largest nuclear operator globally and specializes in Pressurised Water Reactors (PWR) and European Pressurised Reactors (EPR).
  • India has established a target to achieve 100 GW of nuclear power capacity by 2047 to support the Viksit Bharat and Net Zero Carbon initiatives.
  • The Sustainable Harnessing and Advancement of Nuclear Energy for Transforming India (SHANTI) Bill was passed by Parliament on 18 December 2025 to modernize nuclear sector governance.

Related Current Affairs Coverage


Rabindranath Tagore Jayanti observed on May 7, 2026

Key Updates:

  • Rabindranath Tagore Jayanti 2026 was observed on May 7, marking the 165th birth anniversary of the Nobel laureate.
  • Rabindranath Tagore was born on May 7, 1861, in Kolkata to parents Debendranath Tagore and Sarada Devi.
  • He became the first Asian to win the Nobel Prize in Literature in 1913 for his poetry collection titled Gitanjali.
  • Tagore authored India’s national anthem, Jana Gana Mana, and established Visva-Bharati University in Santiniketan.
  • In West Bengal, the anniversary is celebrated on the 25th day of Boishakh according to the Bengali calendar.

Related Current Affairs Coverage

Vairamuthu has been conferred the 60th Jnanpith Award, India’s highest literary honour, announced by Bharatiya Jnanpith on Saturday. He becomes the third Tamil writer to receive the Jnanpith Award after Akilan and…


Kids’ Athletics Day observed on 7 May

Key Updates:

  • Kids’ Athletics Day is held annually on 7 May.
  • The Kids’ Athletics programme was launched in 2022 and has reached 1.3 million children in schools, clubs, and communities globally.
  • World Athletics aims to reach a total of 2 million children this year by engaging more than 700,000 additional participants.
  • Sebastian Coe is the President of World Athletics.
  • Gaborone, the capital of Botswana, is the host of the 2026 World Athletics Relays.

Related Current Affairs Coverage


International Day of the Midwife observed on May 5, 2026

Key Updates:

  • International Day of the Midwife is observed on May 5, 2026.
  • Midwives provide essential sexual, reproductive, maternal, newborn and adolescent health services worldwide.
  • Midwives support women and gender-diverse people before, during, and after birth.
  • The observance involves the International Confederation of Midwives (ICM), its partners, allies, and more than 135 midwives’ associations.
  • The participating midwives' associations span across more than 115 countries.

Related Current Affairs Coverage


World Hand Hygiene Day 2026 observed on May 5 with theme 'Hand Hygiene: one action that saves lives'.

Key Updates:

  • World Hand Hygiene Day 2026 was observed on May 5, 2026.
  • The theme for World Hand Hygiene Day 2026 is 'Hand Hygiene: one action that saves lives'.
  • Dr Jarbas Barbosa stated that hand hygiene is an action that saves lives.
  • Healthcare-associated infections (HAIs) contribute to the burden of antimicrobial resistance (AMR).
  • A webinar for World Hand Hygiene Day 2026 was held on May 5, 2026 at 9:30 a.m. EST.

Related Current Affairs Coverage

World Water Day 2026 is observed on Sunday, March 22, 2026. The official theme for 2026 is 'Water and Gender' with the campaign slogan 'Where water flows, equality grows'.


National Cartoonists Day observed globally on May 5

Key Updates:

  • National Cartoonists Day is observed every year on May 5.
  • The day was established by the National Cartoonists Society in the late 1990s.
  • The date May 5 commemorates the debut of the first colour comic strip in the New York World in 1895.
  • The first colour comic strip featured the character The Yellow Kid, created by Richard F. Outcault.
  • The day honours the evolution of the craft from early newsprint to modern digital and animated formats.

Related Current Affairs Coverage

World Laughter Day is celebrated on the first Sunday of May to promote health, happiness, and world peace through laughter. Largest laughter yoga class record set by students of Kalinga Institute of Social Sciences…

World Puppetry Day is celebrated annually on March 21. Cirque Du Soleil marked the occasion at the Disney Springs venue by showcasing intricate puppets from the production Drawn to Life.


Soma Mandal Named Regional Winner of 2026 Cambridge Dedicated Teacher Awards

Key Updates:

  • Soma Mandal was named the regional winner for the South Asia region of the 2026 Cambridge Dedicated Teacher Awards by the International Education group at Cambridge University Press & Assessment (Cambridge).
  • She was selected for her dedication to empowering pupils to participate in the worldwide fight against climate change.
  • Soma Mandal is a science teacher at GD Goenka Public School, Delhi, with over 10 years of teaching experience.
  • The award benefits include a trophy, publicity, £500 worth of books for her class, and a feature on a 'Thank you' page in new Cambridge textbooks from November 2026.
  • The 2026 competition received over 12,000 nominations from 126 different countries and identified nine regional winners.

Related Current Affairs Coverage

Spiritual leader Sadhguru Jaggi Vasudev launched the Bhavya Bharat Bhushan Award to recognise individuals for their contributions to the growth and well-being of the nation. Defence Minister Rajnath Singh attended the…