Saturday, May 30

Daily Current Affairs: 30 May 2026

Daily current affairs for 30 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: 30 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. Reserve Bank of India (RBI) Plans Introduction of Polymer Banknotes to Increase Shelf Life
  2. Reserve Bank of India (RBI) Projects 6.9% GDP Growth for 2026–27
  3. Insolvency and Bankruptcy Code (IBC) completes 10 years with creditor realisations exceeding ₹4 lakh crore
  4. Ministry of Agriculture and Farmers Welfare (MoA&FW) projects record foodgrain production of 376.56 million tonnes for 2025-26
  5. Reserve Bank of India (RBI) grants Payment Aggregator-Physical licence to Mobikwik Systems
  6. Andhra Pradesh and SIDBI to set up Angel Fund for Startups

Reserve Bank of India (RBI) Plans Introduction of Polymer Banknotes to Increase Shelf Life

Key Updates:

  • The Reserve Bank of India (RBI) is planning to introduce polymer banknotes for circulation through a pilot project to address rising currency demand and increase the shelf life of notes.
  • The expenditure on printing paper currency notes increased to ₹6,372.8 crore in the 2024-25 financial year (FY25) from ₹5,101.4 crore in the previous year.
  • A total of 23.8 billion pieces of soiled banknotes were disposed of in FY25, representing a 12.3 per cent increase from 21.24 billion pieces in the previous year.
  • Currency in Circulation (CiC) reached a record high of ₹42.86 trillion as of 15 May, growing by 11.5 per cent year-on-year.
  • The supply of coins rose to 1.5 billion in FY25, with the ₹5 denomination accounting for 800 million pieces and the ₹20 denomination for 400 million pieces.

Related Current Affairs Coverage


Reserve Bank of India (RBI) Projects 6.9% GDP Growth for 2026–27

Key Updates:

  • The Reserve Bank of India (RBI) projected India’s real Gross Domestic Product (GDP) growth at 6.9 per cent and Consumer Price Index (CPI) inflation at 4.6 per cent for the financial year 2026–27.
  • The Gross Fiscal Deficit (GFD) for 2025–26 stood at 4.4 per cent of GDP, while the Centre has projected the fiscal deficit for 2026–27 at 4.3 per cent.
  • The balance sheet of the RBI expanded by 20.6 per cent year-on-year to reach ₹91.97 lakh crore as of March 31, 2026, compared to ₹76.25 lakh crore in the previous year.
  • The total surplus of the RBI for 2025–26 rose by 6.7 per cent to ₹2.87 lakh crore, with revenue increasing by 26.4 per cent and expenditure surging by 102.4 per cent.
  • Domestic assets accounted for 29.5 per cent of total assets at the end of March 2026, while gold holdings and foreign investments grew by 44.9 per cent and 63.8 per cent respectively.

Related Current Affairs Coverage


Insolvency and Bankruptcy Code (IBC) completes 10 years with creditor realisations exceeding ₹4 lakh crore

Key Updates:

  • The Insolvency and Bankruptcy Code (IBC), enacted in 2016, completed 10 years and facilitated creditor realisations exceeding ₹4 lakh crore as of March 2026.
  • As of March 2026, 1,419 cases yielded resolution plans, with realisation to creditors at 95% of fair value and 167% of liquidation value.
  • Of the total 8,987 cases admitted, 7,102 reached closure, with 4,099 companies rescued (58%) and 3,003 liquidated.
  • Over 30,000 cases were resolved at the pre-admission stage through withdrawals, involving amounts estimated at nearly ₹14 lakh crore.
  • The IBC process accounted for 52.4% of total recoveries (₹0.54 lakh crore) by Scheduled Commercial Banks, and recovery rates improved to 36.6% in 2024-25 from 28.3%.

Related Current Affairs Coverage


Ministry of Agriculture and Farmers Welfare (MoA&FW) projects record foodgrain production of 376.56 million tonnes for 2025-26

Key Updates:

  • The Ministry of Agriculture and Farmers Welfare (MoA&FW) released the Third Advance Estimates, projecting India’s total foodgrain production to rise by 5% to a record 376.56 million tonnes in the 2025-26 crop year.
  • Union Agriculture Minister Shivraj Singh Chouhan credited the achievement to climate-resilient varieties developed by the Indian Council of Agricultural Research (ICAR) and a hike in Minimum Support Price (MSP).
  • Wheat production is estimated to reach an all-time high of 120.65 million tonnes and rice at 154.02 million tonnes, while pulses include tur at 3.59 million tonnes, gram at 12.51 million tonnes, and lentil at 1.76 million tonnes.
  • Nutri/coarse cereals are estimated at 74.47 million tonnes with maize at a record 55.09 million tonnes, while oilseeds include groundnut at 13.07 million tonnes, soyabean at 12.59 million tonnes, and rapeseed and mustard at 13.76 million tonnes.
  • Sugarcane production is estimated at 500.06 million tonnes, cotton at 29.024 million bales (170 kg per bale), and jute at 9.176 million bales (180 kg per bale).

Related Current Affairs Coverage

The Union Cabinet approved the Mission for Cotton Productivity for the period 2026-27 to 2030-31 with a total outlay of ₹5,659.22 crore. The mission aligns with the '5F vision' (Farm to Fibre to Factory to Fashion to…


Reserve Bank of India (RBI) grants Payment Aggregator-Physical licence to Mobikwik Systems

Key Updates:

  • The Reserve Bank of India (RBI) has granted in-principle approval for a Payment Aggregator-Physical (PA-P) licence to Mobikwik Systems.
  • This approval follows the company's acquisition of a non-banking financial company (NBFC) licence from the RBI.
  • Mobikwik Systems aims for 10x growth in its merchant business by FY28.
  • Consulting firm Redseer estimates the gross merchandise value (GMV) of the merchant payments opportunity at $1.8-2 trillion by FY28.
  • Mobikwik currently supports approximately 4.9 million merchants through UPI QR codes, soundboxes, and EDC machines.

Related Current Affairs Coverage


Andhra Pradesh and SIDBI to set up Angel Fund for Startups

Key Updates:

  • The Andhra Pradesh government will create an angel fund for startups in collaboration with the Small Industries Development Bank of India (SIDBI).
  • The fund is aimed at deep-tech startups in artificial intelligence (AI), deep tech, electronics, quantum technologies, and advanced manufacturing.
  • A dedicated seed fund is being launched through the Ratan Tata Innovation Hub (RTIH) in collaboration with SIDBI.
  • Electronics and IT minister Nara Lokesh stated that the platform through RTIH and SIDBI will provide deep-tech startups access to capital, real-world use cases, and the ecosystem needed to scale globally.
  • The RTIH will focus on sectors aligned with the state's economic strategy, including AI, electronics manufacturing, clean energy, and quantum technologies.

Related Current Affairs Coverage


Adarsh Shahar Samriddhi Yojana: ₹200 Crore for Urban Infrastructure in Chhattisgarh

Key Updates:

  • The Chhattisgarh government will launch the Adarsh Shahar Samriddhi Yojana to equip emerging towns and urban centres with modern civic infrastructure and facilities.
  • The state government has earmarked ₹200 crore for the scheme in the 2026-27 budget.
  • The Urban Administration and Development Department has selected 32 urban local bodies in the first phase, comprising six each from Bastar, Surguja and Raipur divisions, nine from Bilaspur division and five from Durg division.
  • The selected urban bodies include: Sukma municipality and Bhopalpatanam, Geedam, Keshkal, Pakhanjur and Narharpur nagar panchayats (Bastar); Pandariya and Khairagarh municipalities and Gurur, Ghumka and Chhuikhadan nagar panchayats (Durg); Kurud, Mahasamund, Arang and Balodabazar municipalities and Pithora and Chandkhuri nagar panchayats (Raipur); Surajpur, Pathalgaon and Manendragarh municipalities and Lakhanpur, Kotba and Kunkuri nagar panchayats (Surguja); and Takhatpur, Mungeli, Lormi, Janjgir-Naila and Sakti municipalities and Bilha, Gharghoda, Pusaur and Sariya nagar panchayats (Bilaspur).
  • Key focus areas of the scheme include roads, drainage systems, water supply, transport facilities, parks, housing, education, healthcare, community services, employment generation, promotion of trade and entrepreneurship, e-governance, smart traffic management, security systems, green zones, renewable energy, water conservation, and grievance redressal and reporting systems.

Related Current Affairs Coverage

The Atal Pension Yojana (APY), a flagship social security scheme of the central government, exceeded 9 crore total gross enrolments on April 21, 2026. The APY is administered by the Pension Fund Regulatory and…


Myanmar President Min Aung Hlaing to visit India for first overseas trip

Key Updates:

  • Myanmar President Min Aung Hlaing is scheduled to visit India, marking his first overseas trip since assuming his role in April.
  • Min Aung Hlaing was sworn in as President on April 10, 2026, with India represented by Minister of State for External Affairs Kirti Vardhan Singh.
  • President Min Aung Hlaing and Prime Minister Narendra Modi previously met last year on the sidelines of the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) Summit.
  • India and Myanmar share a border of more than 1,600 km, making partnership on security and counter-insurgency critical.
  • The then Indian Navy Chief Admiral Dinesh Kumar Tripathi visited Myanmar in early May to expand existing bilateral security cooperation.

Related Current Affairs Coverage

Min Aung Hlaing assumed the presidency after stepping down as armed forces commander as required by the constitution. The newly-elected parliament that selected him is dominated by military loyalists, with the military…


India and United States sign framework agreement for critical minerals and rare earths supply chain

Key Updates:

  • India and the United States (US) signed a framework agreement titled Securing of Supply in the Mining and Processing of Critical Minerals and Rare Earths in New Delhi on 26 May 2026.
  • The agreement was signed by External Affairs Minister (EAM) S. Jaishankar and US Secretary of State Marco Rubio to deepen cooperation in mining, processing, recycling, and related investments.
  • The Ministry of External Affairs (MEA) stated that the framework seeks to strengthen resilient supply chains and promote collaboration in financing and management of critical minerals scrap.
  • The signing marks a milestone in the vision shared by Prime Minister Narendra Modi and President Donald J. Trump during the visit to Washington, D.C. in February 2025.
  • India previously became a signatory to the US-led Pax Silica initiative on 20 February 2026 and partners with the US under the Forum on Resource Geostrategic Engagement (FORGE) initiative.

Related Current Affairs Coverage


National Skill Development Corporation (NSDC) and Fourth Valley Concierge Corporation (FVCC) Partner to Strengthen Workforce Mobility for Indian Talent in Japan

Key Updates:

  • The National Skill Development Corporation (NSDC) has entered into a strategic partnership with the Tokyo-based Fourth Valley Concierge Corporation (FVCC) to facilitate workforce mobility for Indian talent in Japan.
  • The collaboration utilizes the Credibility Check framework provided by NSDC Trust, a group organisation of NSDC, to establish a verification mechanism for Indian candidates.
  • The verification process includes identity, educational and qualification credentials, employment history, criminal background checks where legally permissible, and consistency checks of submitted documents.
  • India and Japan have outlined an action plan to facilitate the movement of at least 50,000 skilled Indian professionals to Japan over the next five years.
  • During Prime Minister Narendra Modi's visit to Japan in 2025, both nations reaffirmed their special strategic and global partnership, emphasizing people-to-people exchange.

Related Current Affairs Coverage


Blue Origin New Glenn Rocket Explodes During Hot-Fire Test in Florida

Key Updates:

  • Blue Origin's New Glenn rocket exploded on the launchpad during a hot-fire test at the Cape Canaveral Space Force Station in Florida, US.
  • A hot-fire test is a procedure where a rocket engine is fired while it remains anchored to the ground.
  • The New Glenn rocket is being prepared to launch 48 Amazon Leo satellites into low-Earth orbit.
  • The satellite launch is part of an effort to build a broadband constellation to rival the Starlink network of SpaceX.
  • The National Aeronautics and Space Administration (NASA) Administrator Jared Isaacman was contacted regarding the incident by US House Representative Mike Haridopolos.

Related Current Affairs Coverage


Esha Singh wins 25m pistol gold at ISSF Munich World Cup

Key Updates:

  • Esha Singh won the gold medal in the women's 25m pistol event at the International Shooting Sport Federation (ISSF) Munich World Cup.
  • Esha Singh set two world records by scoring 43 in the final.
  • The previous seniors world record of 42 was held by Kim Ye-ji of Korea, and the junior world record of 41 was held by Yang Ji-in of Korea.
  • German shooter Doreen Vennekamp secured the second spot with a score of 38.
  • Esha Singh, a 21-year-old shooter from Hyderabad, is coached by Ronak Pandit.

Related Current Affairs Coverage

India finished on top of the table at the International Shooting Sport Federation (ISSF) Junior World Cup Rifle/Pistol/Shotgun held in Cairo, Egypt. India won a total of 16 medals, including five gold, six silver, and…

Indian shooters Palak and Mukesh Nelavalli won the gold medal in the 10m air pistol mixed team competition at the International Shooting Sport Federation (ISSF) World Cup for rifle and pistol. The event was held in…


India to host 2027 Asian Relays and 2028 Asian Indoor Championships

Key Updates:

  • Chandigarh will host the third edition of the Asian Relays in 2027.
  • Bhubaneswar will host the 2028 Asian Indoor Championships at the Kalinga Stadium complex, likely in February.
  • The Kalinga Stadium complex in Bhubaneswar will also host the 2028 World Indoor Championships from March 3-5.
  • The hosting rights were awarded by the Asian Athletics Association (AAA) during an executive council meeting in Hong Kong.
  • The Athletics Federation of India (AFI) has expressed interest in hosting the 2028 World U20 Championships and either the 2029 or 2031 senior World Athletics Championships.

Related Current Affairs Coverage

Delhi has been awarded the hosting rights for the second leg of the Asia Cup archery tournament in 2027. The decision was finalised following approvals from World Archery Asia during a meeting held in Kolkata.


Book 'India’s First Olympic Gold' released on May 27, 2026

Key Updates:

  • The book titled India’s First Olympic Gold was released on May 27, 2026, by P.T. Usha, the president of the Indian Olympic Association (IOA).
  • The book was authored by hockey historian K. Arumugam.
  • It chronicles the Indian hockey team's journey in 1928, including their final triumph against the host on May 26 in Amsterdam.
  • The work identifies Dhyan Chand as India's first-ever international sporting hero.
  • Dilip Tirkey, the president of Hockey India, was also present at the release event.

Related Current Affairs Coverage

Gurjant Singh announced his retirement from international hockey during the 8th Hockey India annual awards on 27 March 2026. He won two Olympic medals and scored 48 goals in 130 appearances for India.


World Hunger Day observed on May 28

Key Updates:

  • World Hunger Day is observed globally on May 28.
  • The 2026 Global Report on Food Crises found 35.5 million children aged 6–59 months were acutely malnourished across 23 countries and territories.
  • Nearly 10 million children were identified as severely acutely malnourished in the 2026 Global Report on Food Crises.
  • Famine was identified in two separate contexts in the same year for the first time in the history of the report.
  • Feed My Starving Children (FMSC) shipped 132.9 million meals between January and April 2026.

Related Current Affairs Coverage

International No Diet Day (INDD) is observed annually on May 6 to focus on body acceptance and a healthy lifestyle. The day was created by Mary Evans Young, the director of the group Diet Breakers, and first celebrated…


International Day of Action for Women's Health observed on May 28 with theme Empowering Women's Health: Rights, Equality, Awareness

Key Updates:

  • International Day of Action for Women's Health is observed annually on May 28.
  • The theme for 2024 is Empowering Women's Health: Rights, Equality, Awareness.
  • The day was founded in 1987 by the Women’s Global Network and originated from a meeting in South Africa.
  • The event was officially recognised by the South African government and gained formal recognition in 1999.
  • The day aims to advocate for women's healthcare rights, promote gender equality in health services, and raise awareness about reproductive health.

Related Current Affairs Coverage


Menstrual Hygiene Day observed on May 28

Key Updates:

  • Menstrual Hygiene Day is observed annually on May 28 to promote menstrual hygiene management and break taboos surrounding menstruation.
  • The inaugural Menstrual Hygiene Day was established in 2014 by social entrepreneur and activist Trina Talbot.
  • The day was recognized as a global observance in 2015 by Non-Governmental Organisations (NGOs), governments, and other international organisations.
  • The Break the Silence campaign was launched in 2018 to foster open dialogue and improve education regarding menstrual health.
  • By 2020, the initiative evolved into a global movement with participation and events recorded in over 100 countries.

Related Current Affairs Coverage

International No Diet Day (INDD) is observed annually on May 6 to focus on body acceptance and a healthy lifestyle. The day was created by Mary Evans Young, the director of the group Diet Breakers, and first celebrated…


Shrey Parikh wins Scripps National Spelling Bee

Key Updates:

  • Shrey Parikh, a 14-year-old Indian-American student from California who was also a finalist in the 2024 edition, won the 2026 Scripps National Spelling Bee.
  • He spelled 32 words correctly in 90 seconds, defeating Ishaan Gupta of New Jersey who spelled 25 words.
  • The winning word was 'cashaw'.
  • Parikh received prizes including $50,000, the Scripps Cup, a commemorative medal, $2,500 from Merriam-Webster, $1,000 in flight credits from Delta, and $400 worth of reference works from Encyclopaedia Britannica.
  • The competition featured 247 contestants from all 50 US states, Washington D.C., Guam, Puerto Rico, the US Virgin Islands, Defence Department schools in Europe, and five other countries: the Bahamas, Canada, Ghana, Nigeria, and the United Arab Emirates.

Related Current Affairs Coverage


Justice Prakash Prabhakar Naolekar Appointed Chairperson of High-Level Committee on Demographic Change

Key Updates:

  • Retired judge Justice Prakash Prabhakar Naolekar has been appointed as the chairperson of the high-level committee to examine demographic changes in India.
  • The committee includes former Indian Administrative Service (IAS) officer Durga Shankar Mishra and former Indian Police Service (IPS) officer Balaji Srivastava as members.
  • Economist Dr Shamika Ravi and the Census Commissioner have also been appointed as members of the high-level panel.
  • The Joint Secretary (Foreigners-I) in the Ministry of Home Affairs (MHA) will serve as the member secretary of the committee.
  • The panel is tasked with conducting a comprehensive assessment of demographic changes caused by illegal infiltration and recommending planned, time-bound solutions.

Related Current Affairs Coverage

The Supreme Court (SC) Collegium recommended the elevation of Justice Sheel Nagu, Justice Shree Chandrashekhar, Justice Sanjeev Sachdeva, Justice Arun Palli, and Senior Advocate V Mohana as judges of the SC. The…


Raja Randhir Singh passes away as former President of Olympic Council of Asia (OCA)

Key Updates:

  • Raja Randhir Singh, a five-time Olympian and Arjuna Awardee shooter, passed away at the age of 80 in New Delhi on May 27, 2026.
  • He was the first Indian shooter to win a gold medal at the Asian Games in the trap event.
  • He became the first Indian to preside over the OCA in 2024 and previously served as its Secretary General.
  • He held positions at the International Olympic Committee (IOC), Indian Olympic Association (IOA), and World Anti-Doping Agency (WADA).
  • He served as the vice chairman of the 2010 Commonwealth Games in India.

Related Current Affairs Coverage

Raghu Rai, a renowned photographer and photojournalist, passed away in Delhi at the age of 83 after suffering from cancer. He was awarded the Padma Shri in 1972.


Reserve Bank of India (RBI) extends tenure of Fino Payments Bank interim CEO

Key Updates:

  • The Reserve Bank of India (RBI) approved the extension of Ketan Merchant's tenure as interim CEO of Fino Payments Bank for three months.
  • The extension is effective from May 27, 2026, as per an RBI letter dated May 25, 2026.
  • Ketan Merchant was initially appointed as interim CEO in March for a period of three months.
  • Former MD and CEO Rishi Gupta resigned on May 21, 2026, following his arrest by GST officials in a tax evasion fraud case.
  • Shares of Fino Payments Bank closed at ₹128.70 on the Bombay Stock Exchange (BSE), marking a 2.71 per cent increase.

Related Current Affairs Coverage