Culture
International Museum Day 2026 — ICOM & Theme
Observed 18 May every year. Organised by ICOM (International Council of Museums), founded 1946, HQ: Paris, France. 2026 theme: ‘Museums Uniting a Divided World’. IMD established in 1977. 2026 poster designed by Gérard Barbet (France). UNESCO–ICOM MoU signed in 2026 for joint cooperation. Previous themes: 2024 — ‘Museums for Education and Research’; 2025 — ‘The Future of Museums in Rapidly Changing Communities’.
Economy
BIS Ethanol Blending — IS 19850:2026 & E30
Bureau of Indian Standards (BIS), established 1987, notified IS 19850:2026 covering blends E22, E25, E27, and E30. Maximum approved blend: E30 (30% ethanol) — beyond current E20 target. Under Ministry of Consumer Affairs, Food & Public Distribution. Aims to reduce India’s 85%+ crude oil import dependence. No immediate nationwide E30 rollout — specifications for future readiness only.
Defence
DRDO ULPGM-V3 — UAV-Launched Precision Missile
ULPGM = Unmanned Aerial Vehicle Launched Precision Guided Missile. Final development trials of ULPGM-V3 completed near Kurnool, Andhra Pradesh. Modes: Air-to-Ground (anti-tank) and Air-to-Air (drones, helicopters). Developed by Research Centre Imarat (RCI), Hyderabad; UAV integration by Newspace Research and Technologies (NRT), Bengaluru. DRDO established 1958, HQ: New Delhi, under Ministry of Defence.
Sports
Commonwealth Chess Association — Bharat Singh Chauhan Re-elected
Bharat Singh Chauhan re-elected CCA Chairman for 2026–2030 at AGM in Wassakaduwa, Sri Lanka. First Commonwealth School Chess Championship to be hosted in Malaysia, October 2026. Key officials: Deputy Chairman — Sanusi (Malaysia); General Secretary — Wijesuriya (Sri Lanka); Treasurer — Vicky Magu (South Africa). CCA affiliated with FIDE (International Chess Federation).
Business & Economy
Mahindra–DBS Bank Sustainability-Linked Dealer Financing
India’s first sustainability-linked dealer financing scheme launched via Mahindra & Mahindra–DBS Bank MoU. DBS = Development Bank of Singapore, HQ: Marina Bay Financial Centre, Singapore; incorporated 1968; parent: Temasek Holdings. Dealers evaluated on ESG criteria under Mahindra’s Green Dealership Programme (GHG emissions, water, RE, EV charging, waste). ESG-compliant dealers receive commercial benefits on vehicle loans.
Science
ESA–CAS SMILE Satellite Mission
SMILE = Solar wind Magnetosphere Ionosphere Link Explorer. Joint mission: ESA (European Space Agency) & CAS (Chinese Academy of Sciences). Launched on Vega-C rocket from Kourou Spaceport, French Guiana. Initial orbit: 707-km circular; 11 engine burns over 42 days to reach elliptical orbit. Mission duration: 3 years. First-ever panoramic imaging of Earth’s magnetosphere; improves space weather forecasting. Vega-C: 34.8 m, 210 tonnes, 2.2-tonne payload.
Digital Governance
CBI ABHAY Helpbot — Anti-Cyber Fraud AI Tool
ABHAY = AI-Based Helpbot for Authentication of Your Notice. Launched by CBI to verify genuine vs. fake CBI notices; counters digital arrest scams. 24×7 platform; citizens upload notice after OTP verification. CBI functions under DoPT, Ministry of Personnel, Public Grievances & Pensions. CBI established 1941 as Special Police Establishment; renamed 1963; HQ: New Delhi.
Monetary Policy
DICGC Deposit Insurance — Yashwant Co-operative Bank
RBI cancelled licence of Yashwant Co-operative Bank, Maharashtra (May 2026) for poor financial health & regulatory violations under Banking Regulation Act, 1949. Eligible depositors can claim up to Rs 5 lakh per depositor via DICGC (Deposit Insurance and Credit Guarantee Corporation). DICGC is a wholly-owned RBI subsidiary, established 1978. Provides deposit insurance per depositor per registered bank.
Gender & Development
UNESCO–L’Oréal 2026 International Awards for Women in Science
Announced 19 May 2026; ceremony at UNESCO HQ, Paris on 11 June 2026. Five awardees: Liesl Zühlke (SA — cardiology), Felice Jacka (Australia — nutritional psychiatry), Sarah A. Teichmann (UK — single-cell biology), Raquel Lia Chan (Argentina — agricultural biotech), Gordana Vunjak-Novakovic (USA — tissue engineering). Jury chair: Prof. Brigitte L. Kieffer, France. UNESCO established: 16 November 1945.
International
India–Italy Special Strategic Partnership & FAO Agricola Medal
PM Modi’s Italy visit (May 2026): India–Italy ties upgraded to ‘Special Strategic Partnership’; 17 agreements signed (technology, green energy, trade, mobility). PM Modi received FAO Agricola Medal — FAO’s highest honour, named after German botanist Georg Agricola. FAO HQ: Rome, Italy; established 16 October 1945. DG: QU Dongyu (China, since 2019). Tedros Adhanom = WHO DG; Achim Steiner = UNDP Administrator.