The Governor of Assam invited CM-designate Himanta Biswa Sarma to form the government following the NDA's victory of 102 out of 126 seats. The swearing-in ceremony is scheduled for May 12, 2026, in Guwahati.
Source ↗Thalapathy Vijay, representing the Tamilaga Vettri Kazhagam (TVK) party, took the oath as Chief Minister of Tamil Nadu on May 10, 2026. His party won 108 seats and is supported by an alliance including the INC, CPI, and CPI(M).
Source ↗The Central Government notified 100% Foreign Direct Investment (FDI) in the insurance sector through the automatic route, meaning no prior RBI or government approval is needed. This policy aims to increase insurance penetration and capital inflow, and it is regulated by the Insurance Regulatory and Development Authority of India (IRDAI).
Source ↗The Government of India appointed Lieutenant General (Retired) NS Raja Subramani as the 3rd Chief of Defence Staff (CDS) and Secretary of the Department of Military Affairs (DMA), with effect from May 30, 2026. Vice Admiral Krishna Swaminathan was appointed as the 27th Chief of the Naval Staff (CNS) and will assume charge on May 31, 2026.
Source ↗The Union Ministry of Petroleum and Natural Gas invoked the Essential Commodities Act, 1955, through the Natural Gas (Supply Regulation) Order, 2026 to prioritise natural gas allocation amid disruptions in LNG shipments via the Strait of Hormuz due to the West Asia conflict, linking energy security with statutory powers of the Centre.
Source ↗The Supreme Court of India permitted the withdrawal of clinically assisted nutrition and hydration (CANH) in the case of 32-year-old Harish Rana, marking the first practical application of passive euthanasia guidelines in India. This judgment operationalises earlier SC guidelines on end-of-life decisions and is relevant for fundamental rights and medical ethics.
Source ↗The Government extended the Jal Jeevan Mission (JJM) completion deadline from December 2024 to December 2028, giving states more time to achieve the target of functional household tap connections in rural areas. The extension will influence future budget allocations and performance-based grants for rural development.
Source ↗The Union Cabinet approved a proposal to make insulting or obstructing the singing of the National Song, 'Vande Mataram,' a punishable offense under the Prevention of Insults to National Honour Act, 1971. Penalties for such acts may include up to 3 years of imprisonment, a fine, or both.
Source ↗The Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), Pradhan Mantri Suraksha Bima Yojana (PMSBY), and Atal Pension Yojana (APY) completed 11 years on May 9, 2026. These flagship schemes provide affordable financial protection including life insurance, accidental insurance, and pension benefits to millions of citizens, particularly the underserved and vulnerable sections.
Source ↗The Reserve Bank of India (RBI) imposed a monetary penalty of Rs 33.60 lakh on YES Bank Limited and Hinduja Housing Finance Limited for lapses in regulatory compliance. RBI imposed a penalty of Rs 31.80 lakh on YES Bank due to its failure to comply with certain provisions related to 'Know Your Customer' (KYC) norms.
Source ↗