- On May 7, 2026, the Ministry of Statistics and Programme Implementation (MoS&PI) issued new guidelines for Gross State Domestic Product (GSDP) calculation. The base year shifted from 2011–12 to 2022–23, aligning with the latest economic structure. All States and Union Territories must adopt this for GSDP and Gross State Value Added (GSVA) estimates.
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- On May 8, 2026, O.P. Jindal Global University (JGU) became India’s first Institution of Eminence (IoE) to receive accreditation from the Data Science Council of America (DASCA), marking a milestone in global recognition of India’s higher education in data science.
- On May 5, 2026, Pixxel, a US‑India based space technology company, secured a contract from the US National Reconnaissance Office (NRO) to provide hyperspectral remote sensing capabilities, making it the first Indian startup to partner with the NRO under its Strategic Commercial Enhancements program.
- On May 6, 2026, the Reserve Bank of India (RBI) approved Kotak Mahindra Bank (KMBL) to acquire up to 9.99% stake each in AU Small Finance Bank (AU SFB) and Federal Bank, strengthening its exposure to two fast‑growing private lenders.
- On May 5, 2026, the Maritime India Foundation (MIF) signed agreements with IIT Madras, IIT Bombay, and Indian Maritime University (IMU) Chennai at the Chennai Port Authority. The aim is to establish Maritime Innovation Hubs (MIHs) under the Sagarmala Startup Innovation Initiative, promoting Atmanirbhar Bharat through indigenous maritime innovation.
- On May 6, 2026, the Office of the Principal Scientific Adviser (PSA) signed an MoU with FICCI at Kartavya Bhavan, New Delhi, to boost India’s R&D ecosystem. The pact aims to link industry leaders with academia and labs for real‑world breakthroughs. It focuses on innovation, commercialization, and entrepreneurship, aligning with Atmanirbhar Bharat and Viksit Bharat 2047.
- On May 7, 2026, NITI Aayog released its landmark policy report “School Education System in India: Temporal Analysis and Policy Roadmap for Quality Enhancement”, presenting a decade‑long analysis and a 13‑point roadmap to strengthen quality in India’s school education.
- On May 7, 2026, the International Olympic Committee (IOC) announced that it has lifted all restrictions on Belarusian athletes and teams ahead of the Los Angeles 2028 Summer Olympics, while continuing the suspension of Russia.
- On May 6, 2026, the Indian Air Force (IAF) and European missile manufacturer MBDA signed a landmark agreement to establish India’s first local Maintenance, Repair, and Mid‑Life Overhaul (MRO) facility for MICA air‑to‑air missiles, boosting self‑reliance under Atmanirbhar Bharat.
- On May 7, 2026, the Defence Research and Development Organisation (DRDO) and the Indian Air Force (IAF) successfully conducted the maiden flight‑trial of the Tactical Advanced Range Augmentation (TARA) glide weapon off the Odisha coast, marking India’s first indigenous glide weapon system.
- On May 7, 2026, the Border Roads Organisation (BRO) celebrated its 67th Raising Day, commemorating its establishment in 1960 under Prime Minister Jawaharlal Nehru as India’s premier border road construction agency.
- World Red Cross and Red Crescent Day 2026 was observed on Friday, May 8, honoring Henry Dunant’s 1828 birth, founder of the Red Cross and pioneer of humanitarian aid. The 2026 theme was reported as “United in Humanity” or “Keeping Humanity Alive”, both stressing solidarity in crises and spotlighting volunteers.
- World Thalassemia Day 2026 was observed on May 8 with the theme “Hidden No More: Finding the Undiagnosed. Supporting the Unseen.” The campaign focused on early screening, diagnosis, and support for patients and families living with thalassemia.
- Justice Ramachandra Dattatray Huddar, retired judge of the Karnataka High Court, was appointed Chairperson of the Admission Overseeing Committee (AOC) for professional courses. The Karnataka government officially announced the appointment on May 8, 2026.
- Suvendu Adhikari was sworn in as the first BJP Chief Minister of West Bengal on May 9, 2026, at Kolkata’s Brigade Parade Ground. The oath of office and secrecy was administered by Governor R.N. Ravi.
- Soma Mandal, a science teacher from GD Goenka Public School, Delhi, was announced as the South Asia regional winner of the Cambridge Dedicated Teacher Awards 2026 on May 6, 2026.
- Former India midfielder Mohan Singh passed away on May 7, 2026, at the age of 78. He was a celebrated player of the 1970s, representing India in the 1972 Pre-Olympic Tournament and earning three international caps.
Questions:
Q.1 Who won the South Asia regional Cambridge Dedicated Teacher Awards 2026?a) Soma Mandal
b) Geeta Verma
c) Renu Sharma
d) Poonam Gupta
Answer: a) Soma Mandal of GD Goenka Public School, Delhi, received the regional teaching award.
Q.2 Which institution became India’s first Institution of Eminence (IoE) to receive accreditation from the Data Science Council of America (DASCA) in 2026?
a) Indian Institute of Technology (IIT) Delhi
b) O.P. Jindal Global University (JGU)
c) Ashoka University
d) Indian Institute of Technology (IIT) Bombay
Answer: b) O.P. Jindal Global University became the first Institution of Eminence (IoE) in India to receive accreditation from the Data Science Council of America (DASCA).
