- On May 30, 2026, ArcelorMittal Nippon Steel secured NSC approval for the first Strategic Investment Plan (SIP) under PM‑SETU. This plan focuses on Visakhapatnam ITI Cluster, promoting industry‑led skilling initiatives. It marks a milestone in aligning private investment with national skilling priorities.
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- Ministry of Jal Shakti (MoJS) and Anusandhan National Research Foundation (ANRF) launched the Rs 200 Crore MAHA Water Mission. It supports startups, researchers, and consortia in water technology, resource management, quality, and climate adaptation over five years
- Hindustan Unilever (HUL) inaugurated its 3rd global Fragrance R&D Hub (Unilever Fragrance Hub) in Mumbai (at IIT Bombay campus). Part of a €100 million investment, it focuses on AI, science, and consumer insights for innovation.
- Mahindra-Manulife JV received MCA approval for incorporation of Mahindra Manulife Insurance Limited (MMIL), a 50:50 partnership. This advances their entry into India's life insurance sector, leveraging Mahindra's rural reach and Manulife's expertise.
- India-Oman CEPA came into force on June 1, 2026. It provides duty-free access for 99.38% of Indian exports to Oman (covering ~98-99% of tariff lines), expected to boost bilateral trade, exports (especially labor-intensive sectors), investment, and serve as a gateway to West Asia and Africa.
- On May 29, 2026, Karur Vysya Bank launched four premium Visa credit cards. The variants are Aura, Samara, Altura, and Eternis, designed for affluent customers. These cards offer exclusive lifestyle, travel, and reward benefits. The launch expands KVB’s footprint in the premium banking segment.
- New lizard species Mesalina bishnoi discovered in Bikaner district, Rajasthan (near Gajner, Thar Desert). This marks the first record of the genus Mesalina in India; named after the Bishnoi community for their conservation efforts.
- On May 31, 2026, RCB defeated Gujarat Titans to win their second IPL title. They became back‑to‑back champions, marking a historic achievement. The same day, veteran singer Suman Kalyanpur passed away at 89 in Mumbai.
- Indian Army successfully tested the indigenous Divyastra Mk-1 loitering munition (developed by Hoverit). It's designed for intelligence, surveillance, and reconnaissance (ISR), with features like vehicle-mounted launch, long endurance, and high indigenous content.
- India Signs USD 629 Million BrahMos Deal with Vietnam (announced/confirmed around May 31, 2026): The agreement strengthens defence cooperation; India’s Defence Secretary confirmed the deal at the Shangri-La Dialogue.
- Hindi Journalism Day 2026 Observed on May 30, 2026, marking 200 years since Udant Martand, India’s first Hindi newspaper. Focus areas included “Role of Print Media in Digital Age” and “Shaping a Future of Peace.” It highlights the evolution of Hindi journalism and its role in democracy.
- World No Tobacco Day 2026 Observed globally on May 31, 2026 under WHO campaign. Theme: “Unmasking the appeal – countering nicotine and tobacco addiction.” It exposed industry tactics targeting youth with flavours and marketing.
- Global Day of Parents 2026 Celebrated on June 1, 2026 with theme “Together for Parents.” It emphasized community support and shared responsibility in parenting. The observance recognized parents’ role in strengthening family bonds.
- World Milk Day 2026 Observed annually on June 1. 2026 Theme: “Celebrating Women Farmers” — highlighting the crucial role of women in dairy farming, sustainable agriculture, nutrition, and economic development.
- On June 2, 2026, International Sex Workers’ Day (also called International Whores’ Day) was observed worldwide. It commemorates the 1975 occupation of Saint‑Nizier Church, Lyon (France), where sex workers protested police harassment and unsafe conditions.
- On June 2, 2026, the Ministry of External Affairs (MEA) announced the appointment of Shri Vipul as India’s next Ambassador to Saudi Arabia. He is a 1998‑batch Indian Foreign Service (IFS) officer with extensive diplomatic experience.
- Lokhande Prashant Sitaram appointed CBSE Chairperson – June 2–3, 2026, the ACC (Appointments Committee of Cabinet) appointed Lokhande Prashant Sitaram (IAS) and Varun Bhardwaj as the new Secretary. He became the new Chairperson of CBSE, India’s premier school education board.
- On May 30, 2026, India received two Labbaytum Excellence Awards. Saudi Arabia’s Haj Ministry recognized India’s coordination during Haj 2026. The awards highlight India’s efficient communication and pilgrim management. This strengthens India’s global reputation in Haj facilitation.
- Union Minister Sarbananda Sonowal presented the ‘Sagar Aankalan’ Award to Deendayal Port Authority (DPA), Kandla for best performance in handling container cargo (under 0.5 million TEUs category) for FY 2024-25.
- On June 2, 2026, actor Idris Elba was officially knighted by King Charles III at Windsor Castle, U.K.. He received the honour of Knight Bachelor for his services to young people. Elba has been a strong advocate against knife crime in Britain and for youth empowerment initiatives.
- On May 27, 2026, Marcia Lucas, Oscar‑winning film editor, passed away at her home in Rancho Mirage, California, aged 80. She died after a battle with metastatic cancer, leaving behind a legacy in cinematic editing.
Questions:
Q1. Karur Vysya Bank launched how many premium Visa credit cards in May 2026?a) Two
b) Three
c) Four
d) Five
Answer: c). KVB launched four premium credit cards namely Aura, Samara, Altura, and Eternis.
Q2. Mahindra Manulife Insurance Limited (MMIL) is a joint venture between Mahindra Group and:
a) Prudential plc
b) Allianz
c) Manulife
d) AIA Group
Answer: c) MMIL is a 50:50 joint venture between Mahindra Group and Canada's Manulife, marking their entry into India's life insurance sector.
a) Prudential plc
b) Allianz
c) Manulife
d) AIA Group
Answer: c) MMIL is a 50:50 joint venture between Mahindra Group and Canada's Manulife, marking their entry into India's life insurance sector.
