Daily Current Affairs 13th May 2026
NATIONAL AFFAIRS :Â
India launched the Bharat Maritime Insurance Pool to provide domestic insurance cover for
Indian vessels operating on international routes.
India–Oman Comprehensive Economic Partnership Agreement will come into force from 1 June 2026 to boost trade, services, and investment.
The Union Government raised the effective import duty on gold and silver to 15 percent to control imports and manage the current account deficit.
A Judicial Infrastructure Advisory Committee was announced to modernise court infrastructure across the country.
The Union Cabinet approved the Ahmedabad–Dholera semi high-speed rail corridor project with an estimated cost of about ₹20,667 crore.
ECONOMY AND BANKING :
Public Sector Banks recorded their highest-ever annual profit of around ₹1.98 lakh crore in FY 2025–26, with gross NPAs falling below 2 percent.
Reserve Bank of India cancelled the licence of Sarvodaya Cooperative Bank, with deposits up to ₹5 lakh protected under DICGC.
Moody’s revised India’s GDP growth forecast to nearly 6 percent citing weak consumption demand and high energy prices.
India’s retail inflation based on CPI rose to around 3.5 percent in April 2026, mainly due to higher food prices.
INTERNATIONAL AFFAIRS :
Global markets remained cautious as US inflation data indicated persistent price pressures and prolonged high interest rates.
UK Prime Minister Keir Starmer faced internal political pressure amid growing party dissent.
SCIENCE AND ENVIRONMENT :
India Meteorological Department introduced a block-level monsoon forecasting system to enhance weather prediction accuracy.
A global report highlighted rising profits of agri-food corporations due to geopolitical disruptions, contributing to food inflation concerns.
SPORTS :
Gujarat Titans defeated Sunrisers Hyderabad in an IPL 2026 match to move to the top of the points table.