- On April 29, 2026, Sahajanand Medical Technologies (SMT) announced its achievement of the ISO 50001:2018 certification for its Energy Management System (EnMS). This makes SMT the first Indian cardiovascular device manufacturer to earn this global recognition for energy efficiency.
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- Maharashtra has officially approved its Artificial Intelligence Policy 2026, targeting over ₹10,000 crore in investments and aiming to generate 1.5 lakh jobs by 2031. The policy includes AI Excellence Centres, Innovation Cities, training for 2 lakh youth, and a ₹500 crore venture capital fund to boost startups.
- Bengaluru Police has launched India’s first AI-powered multilingual emergency helpline, ‘Namma 112’, which can handle distress calls in over 10 Indian and foreign languages, breaking language barriers and ensuring faster, more inclusive emergency response.
- SEBI operationalised the PaRRVA (Past Risk & Return Verification Agency) framework on April 29, 2026, with full launch on May 4, 2026. It independently verifies risk‑return claims of SEBI‑registered advisors, analysts, and algo‑trading providers to curb misleading performance storytelling.
- On April 27, 2026, Tata AIA Life Insurance officially introduced Shubh Health Criti, a first-of-its-kind unit-linked life insurance plan (ULIP) targeting health expenses. Unlike traditional critical illness policies that only provide a one-time lump sum on diagnosis, this plan allows policyholders to build a dedicated “Health Fund” that grows with market-linked returns.
- On April 29, 2026, DRDO and the Indian Navy successfully conducted the maiden salvo launch of the Naval Anti‑Ship Missile–Short Range (NASM‑SR) from a naval helicopter off the Odisha coast, marking a major boost to India’s maritime strike capability.
- On April 28, 2026, Union Minister of State for Defence and Ranchi MP Sanjay Seth launched the ‘Namo Stall Scheme’ in Ranchi to empower street vendors. In the first phase, five vendors received free mobile stalls worth ₹50,000 each, designed to improve hygiene, safety, and working conditions.
- On May 1, 2026, Gujarat celebrated its Foundation Day, marking the 66th anniversary of the state’s formation in 1960 after bifurcation from Bombay State. The day is observed with cultural programs, parades, and official ceremonies highlighting Gujarat’s heritage and achievements.
- On May 1, 2026, Maharashtra Day was celebrated to mark the 66th anniversary of the state’s formation in 1960, when Bombay State was bifurcated into Maharashtra and Gujarat. The day honors the cultural heritage, history, and achievements of Maharashtra, with parades, cultural programs, and official ceremonies across the state.
- Indian cricket star Shreyas Iyer has been appointed as the official brand ambassador for the Formula 1® Programme in India, led by Mumbai Falcons Racing Limited, alongside the launch of the F1 Sim Racing India Open 2026.
- Vishvajit Sahay took charge as Defence Finance Secretary on May 1, 2026, heading the Defence Finance division under the Ministry of Defence. His role involves budget planning, expenditure control, and procurement financing.
- On May 1, 2026, Anugraha Narayana Das officially assumed charge as the Controller General of Defence Accounts (CGDA). A 1991-batch IDAS officer, he brings over 30 years of experience in defence finance and audit. He succeeds Raj Kumar Arora, stepping into what is essentially the Chief Financial Officer role for India’s defence ecosystem.
- On May 1, 2026, the Ministry of Information and Broadcasting officially appointed acclaimed filmmaker Ashutosh Gowariker as the Festival Director of the 57th International Film Festival of India (IFFI). He succeeds fellow director Shekhar Kapur, who successfully led the festival for the past two editions (2024 and 2025).
- On May 1, 2026, Bharat Khera officially took charge as the Secretary of the Ministry of Micro, Small and Medium Enterprises (MSME). In this role, he will lead policy formulation and program implementation to strengthen India’s MSME sector.
- Veteran Indian golfer Vijay Kumar, winner of the 2002 Indian Open and four-time Order of Merit champion, died on April 28, 2026, in Lucknow at the age of 57 following a heart attack. His death marks the loss of one of India’s most respected golfing icons.
Questions:
Q.1 Who has been appointed as brand ambassador for the Formula 1 Programme in India?a) Shreyas Iyer
b) Rohit Sharma
c) Virat Kohli
d) KL Rahul
Answer: a) Shreyas Iyer was appointed to promote Formula 1 initiatives in India, including F1 Sim Racing India Open 2026.
Q.2 What is the primary objective of SEBI’s PaRRVA framework?
a) Monitor stock exchange operations
b) Verify corporate governance
c) Regulate mutual fund inflows
d) Validate risk-return claims of market participants
Answer: d) PaRRVA ensures independent verification of risk-return claims by advisors, analysts, and algo providers to prevent misleading performance data.
