Daily current Affairs May 05, 2026

Current Affairs and GK updates 05/05/2026

Here are the major current affairs and GK highlights for 5 May 2026, covering national, international, economy, and sports updates—especially curated for competitive exam preparation (UPSC, SSC, Banking, RRB, etc.). 

National

• Cabinet approves increase in the Judge strength of the Supreme Court of India by Four to 37 from 33-The Union Cabinet chaired by the Prime Minister Shri Narendra Modi today has approved the proposal for introducing The Supreme Court (Number of Judges) Amendment Bill, 2026 in Parliament to amend The Supreme Court (Number of Judges) Act, 1956 for increasing the number of Judges of the Supreme Court of India by 4 from the present 33 to 37 (excluding the Chief Justice of India).
• Cabinet approves Ship Repair Facility at Vadinar, Gujarat"The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi, today has approved the development of a state‑of‑the‑art Ship Repair Facility at Vadinar, Gujarat, marking a major expansion of the national ship repair ecosystem. The project will be jointly implemented by Deendayal Port Authority (DPA) and Cochin Shipyard Limited (CSL), with a combined investment of Rs.1,570 crore.
• Fire Safety Week 2026 was observed nationwide from May 4 to May 10, led by the Union Ministry of Health and Family Welfare. The campaign focused heavily on healthcare infrastructure and public spaces, aiming to reduce fire hazards and improve emergency response.

International

• India–Cambodia Military Exercise (CINBAX-II 2026): Conducted from May 4–17 at Kampong Speu Province, Cambodia. Focused on counter-terrorism drills, drone operations, sniper tactics, and semi-urban warfare coordination. Indian Army’s Maratha Light Infantry Regiment participated.

Economy and banking

• Cabinet approves “Mission for Cotton Productivity” with Rs.5659.22 crore Outlay for Self-Sufficiency in Cotton and Competitiveness in Global Textile Markets by 2030-31.
• Cabinet approves Emergency Credit Line Guarantee Scheme 5.0-To provide credit guarantee coverage through National Credit Guarantee Trustee Company Limited to Member Lending Institutions for extending additional credit support to eligible business borrowers in view of West Asia situation.
• Targets total additional credit flow of Rs.2,55,000 crore (including Rs.5,000 crore for airlines)
• Scheduled Commercial Banks (SCBs) Record Robust Credit Growth of 15.9% in FY 2025-26, Reflecting Strong Economic Activity and Credit Demand.
• India Retains Position as World’s Second-Largest Steel Producer:An official release has said that share of global crude steel production rose from 5.2 per cent in 2014 to 7.9 per cent in 2024.China is the world's undisputed largest steel-producing country, accounting for over half of global crude steel production. It is followed closely by India as the second-largest producer, with Japan, the United States, and Russia rounding out the top five global producers.
• NSE Launches Electronic Gold Receipts to Formalise Gold Market:EGRs are dematerialised securities that represent ownership of physical gold, which is stored in the Securities and Exchange Board of India (SEBI) accredited vaults and held electronically through depositories. Each EGR is fully backed by physical gold and can be traded on the exchange, integrating gold into the formal financial system.

Sports and culture

• India Retains No. 1 Spot in World T20I Rankings:India has retained its position at the top of the ICC Men's T20I rankings, showcasing their dominance in the cricketing world. India had created history by becoming the first team to successfully defend their T20 World Cup title and also win it for a record-extending third time in March.

Days Observed

• International Day of the Midwife: Dedicated to honoring the work of midwives and highlighting their crucial role in maternal and newborn health.
• World Hand Hygiene Day: Promoted by the World Health Organization (WHO) to emphasize the importance of hand cleanliness in preventing the spread of infections.

Awards and recognitions

• Two Indian journalists win prestigious Pulitzer Prize for art reporting project-Two Indian journalists have won the prestigious Pulitzer Prize for an art reporting project exposing cybercrime in India. Anand RK and Suparna Sharma, along with Natalie Obiko Pearson, were announced as the winners in the Illustrated Reporting and Commentary category for the report they produced for Bloomberg.
• The President of India, Smt Droupadi Murmu paid floral tributes to Giani Zail Singh, former President of India on his birth anniversary at Rashtrapati Bhavan today (May 5, 2026).

Static GK for exam preparations

• Giani Zail Singh was an Indian politician who served as President of India from 1982 to 1987 and chief minister of Punjab in the 1970s. He was the first Sikh to become president.
• The Pulitzer Prizes are 23 annual awards given by Columbia University in New York City for achievements in the United States in "journalism, arts and letters". They were established in 1917 by the will of Joseph Pulitzer, who had made his fortune as a newspaper publisher