Daily Current Affairs 5th-May 2026

NATIONAL AFFAIRS
The Government of India has begun inter-ministerial consultations to finalise priorities for the Union Budget 2026–27, with focus on growth, infrastructure and social sectors.

India reiterated its position on the Lipulekh Pass route for the Kailash Mansarovar Yatra, maintaining its stated boundary stance.

 

INTERNATIONAL AFFAIRS
Tensions in the Strait of Hormuz impacted global energy markets amid heightened Iran–US friction.

Political developments continued in Tamil Nadu following a hung assembly, with constitutional timelines in focus for government formation.

 

ECONOMY & BANKING

Global markets reacted to expectations of higher crude oil supply and ongoing commodity price volatility.

India recorded sustained growth in digital payments, strengthening financial inclusion and cashless transaction trends.

 

SCIENCE & ENVIRONMENT

Climate discussions highlighted increasing instances of extreme weather events and the need for adaptive mitigation strategies.

 

GOVERNANCE & POLICY

Review of implementation progress under the National Education Policy continued, focusing on higher education and skill development reforms

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