Daily Current Affairs -2nd May 2026
NATIONAL AFFAIRS
RBI’s Expected Credit Loss framework is gaining focus to strengthen bank provisioning and risk management.
India conducted testing of the Cell Broadcast Emergency Warning System for instant disaster alerts on mobile phones.
GST collections for April 2026 touched a record ₹2.43 lakh crore, indicating strong tax buoyancy.
INTERNATIONAL AFFAIRS
Israeli airstrikes in southern Lebanon caused casualties despite a ceasefire, increasing regional tensions.
The United States witnessed political debate over naval actions related to the Iranian blockade.
ECONOMY & FINANCE
Robust GST inflows reflect improved compliance and economic activity.
Banking reforms continue to emphasise early recognition of stressed assets.
ENVIRONMENT & DISASTER MANAGEMENT
The 16th Finance Commission recommended notifying heatwaves as disasters to enable SDRF and NDRF funding.
Climate resilience and disaster preparedness remain priority policy areas.
SCIENCE & TECHNOLOGY
Use of artificial intelligence in national security is raising ethical and regulatory concerns.
SPORTS
The World Aquatics Artistic Swimming World Cup showcased growing global participation and competitive performances.