Prime Minister Narendra Modi visited Gujarat on May 10-11, 2026, to participate in the Somnath Amrut Mahotsav at Somnath Temple. He inaugurated the Sardardham Hostel in Vadodara, developed at a cost of Rs.150 crore, and released a commemorative stamp and Rs.75 coin to commemorate 1,000 years of Somnath's enduring faith.
Source ↗Union Minister Shivraj Singh Chouhan launched Pradhan Mantri Gram Sadak Yojana (PMGSY-IV) on May 10, 2026, marking the silver jubilee celebrations of PMGSY in Sehore district, Madhya Pradesh. MP government received approval for 973 roads covering 2,117.52 km at an estimated cost of Rs.1,763.08 crore.
Source ↗According to the Periodic Labour Force Survey (PLFS) Quarterly Bulletin released by NSO under MoSPI, the urban unemployment rate in India for people aged 15 years and above declined to 6.6% in Q4 FY26, down from 6.7% in the previous quarter. Overall LFPR was estimated at 55.5%.
Source ↗N. Rangasamy was sworn in as the Chief Minister of Puducherry for the fifth time on 13 May 2026. The oath of office and secrecy was administered marking his return to lead the union territory's government.
Source ↗India launched the Bharat Maritime Insurance Pool (BMIP) in New Delhi on 12 May 2026. The pool provides insurance cover for Indian vessels on international sea routes, including protection during West Asia crisis situations, ensuring maritime security and trade continuity.
Source ↗India and Oman have finalised the Comprehensive Economic Partnership Agreement (CEPA), which is expected to come into force on 1 June 2026. The agreement was signed in December and aims to boost bilateral trade and economic cooperation between the two nations.
Source ↗Chief Justice of India Surya Kant announced the launch of the 'One Case One Data' initiative along with an AI-powered judicial assistance chatbot named 'Su Sahay' to strengthen data integration, transparency, and efficiency in court case management across all levels of the judiciary.
Source ↗Securities Exchange Board of India (SEBI) proposed a new regulatory framework titled 'GARUDA' (Green-Channel: Alternative Investment Funds Rollout Upon Document Acknowledgement) mechanism to speed up the launch and approval process of AIF schemes, reducing waiting period to 10 working days from 30 days.
Source ↗American rating agency Moody's Ratings revised India's GDP growth forecast for Calendar Year 2026 downward by 80 basis points to 6%. The projection is driven mainly by weak private consumption, slower capital formation, and subdued industrial activity amid higher energy costs.
Source ↗The Indian Army inducted two indigenous combat systems - the UAV-Launched Precision Guided Munition (ULPGM) and AGNIKAA VTOL-1 Kamikaze Drone under Emergency Procurement-6 from Adani Defence & Aerospace Limited. ULPGM is India's first indigenous loitering munition, while AGNIKAA VTOL-1 is India's first FPV kamikaze drone.
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