05th May 2026

1. Karnataka Launches India’s first State-led CoE for Space Tech in Bengaluru
2. India & Cambodia Begin Joint Military 2nd Edition Exercise ‘CINBAX-II’ in Cambodia
3. ADB Launches USD 70 Billion Initiative to Connect Asia’s Power Grids & Digital Networks
4. GalaxEye Launches World’s First OptoSAR Satellite ‘Drishti’ Aboard SpaceX Falcon-9 from California, USA
5. India Successfully Conducts 2nd Test of LR-AShM with 1500km range off Odisha Coast
6. World Tuna Day 2026 – May 2
7. World Press Freedom Day 2026 – May 3
8. International Leopard Day 2026 – May 3
9. Telangana Signs Agreement with L&T to Secure 100% Ownership of Rs.1,461 Crore Hyderabad Metro Phase I
10. 2026 Assembly Election Results: Major Political Shift Across West Bengal, Tamil Nadu, Kerala, Assam & Puducherry
11. Union Health Ministry Introduces Comprehensive Childhood Diabetes Care Framework
12. Anthropic Mythos AI Risk: Impact on Banks and Financial Systems
13. France Create History While India Crash Out of Thomas Cup 2026
14. World Asthma Day 2026 – May 5
15. India’s Net Direct Tax Collections Rise 5.12% to ₹23.40 Trillion in FY26
16. Hazaribag Set to Become India’s First Pearl Farming Cluster
17. Government Launches Fire Safety Week 2026 to Improve Hospital Safety Standards
18. India among largest emitters of methane from coal mines in 2025

National News

Health Ministry Releases National Framework for Childhood Diabetes Care

• What: The Union Health Ministry released a national guidance document to establish a structured framework for the screening, diagnosis, and long-term management of diabetes in children.
• Tell me more:
  • The “Guidance Document on Diabetes Mellitus in Children” appeared at the National Summit on Best Practices in Public Healthcare Service Delivery in New Delhi.
  • The initiative ensures universal screening for all children from birth to 18 years through community and school-based platforms.
  • The guidance promotes the “4Ts” awareness framework—Toilet, Thirsty, Tired, and Thinner—to help caregivers recognise early warning signs.
  • This detection method aims to identify Type 1 Diabetes Mellitus (T1DM) symptoms among parents and teachers.

State News

Karnataka Launches India’s First State Led Space Centre

• What: The Government of Karnataka launched the country’s first state-led Centre of Excellence for Space Technology (CoE SpaceTech Foundation) in Bengaluru to bridge the gap between research and market-ready solutions.
• Tell me more:
  • The Karnataka Innovation and Technology Society (KITS) established the centre in collaboration with the SatCom Industry Association of India (SIA-India).
  • The state government intends to support a satellite constellation under the theme “Space Tech for Societal Impact” to meet end-user needs.
  • The centre signed multiple strategic MoUs with Manipal Academy of Higher Education (MAHE), Helogen Corporation from US, and the Association of Biotechnology Led Enterprises (ABLE) to strengthen the space biotechnology and biomanufacturing ecosystem.
  • Dassault Systèmes will provide technology and training support while Idea Baaz will enhance funding opportunities for startups.

Larsen & Toubro Exits Hyderabad Metro Rail Project

• Larsen & Toubro (L&T) sold its 100% equity stake in Hyderabad Metro Rail Project to Hyderabad Metro Rail Limited (HMRL). This transaction effectively transfers the ownership and operational control of the Phase I metro network to the Government of Telangana.

Hazaribag to Become India’s First National Pearl Cluster

• What: The Government of India (GoI) has identified Hazaribag, Jharkhand as the first and only pearl cluster in the country to transform the district into a national model hub for pearl farming and scientific water resource utilisation.
• Tell me more:
  • The fisheries department is developing a pond cluster in the Daurwa-Kundwa area for pearl cultivation projects.

State Elections April-May 2026

International News

ADB Launches USD 70 Billion Initiative to Connect Asia’s Power Grids & Digital Networks

• What: The Asian Development Bank (ADB) announced that the organisation will provide $70 billion in new energy and digital infrastructure initiatives across Asia and the Pacific by 2035 to strengthen cross-border connectivity and access.
• Tell me more:
  • Asian Development Bank (ADB) President Masato Kanda announced the Pan-Asia Power Grid Initiative and the Asia-Pacific Digital Highway during the 59th annual meeting in Samarkand, Uzbekistan.

  Pan-Asia Power Grid Initiative

  • The Pan-Asia Power Grid Initiative involves proposed investments of $50 billion to develop cross-border electricity infrastructure including transmission lines, substations, and storage systems.
  • This energy programme aims to integrate 20 GW of renewable energy and improve electricity access for 200 million people by 2035.
  • The initiative will build 22,000 circuit-km of transmission lines and create approximately 840,000 jobs while reducing regional power sector emissions by 15%.

  Asia-Pacific Digital Highway

  • The Asia-Pacific Digital Highway involves a $20 billion investment focusing on fibre networks, satellite links, and data centres to expand digital connectivity.
  • This digital programme aims to provide first-time broadband access to 200 million people and reduce costs in remote areas by around 40%.
  • A new Centre for AI Innovation and Development will be established in Seoul with support from the South Korean government to train 3 million people.
  • The bank will finance a significant portion of these initiatives from its own resources while mobilising the remaining funds through partnerships and co-financing.
  • ADB was founded in 1966 and is currently owned by 69 members to promote sustainable and inclusive growth in the region.

Banking and Economy

Public Sector Banks Increase IT Spending for Cybersecurity

• What: Public sector banks are increasing their information technology spending to secure systems and safeguard customer data following global concerns regarding the advanced hacking and coding capabilities of the Artificial Intelligence (AI) tool Claude Mythos.
• Tell me more:
  • Anthropic, a United States-based artificial intelligence company, found that the latest Claude Mythos model is highly skilled at performing complex cybersecurity and hacking tasks.
  • Finance Minister Nirmala Sitharaman urged banks to take pre-emptive measures as Claude Mythos can find weaknesses in operating systems to launch potential cyber attacks.
  • The government formed a panel under State Bank of India (SBI) Chairman C S Setty to assess risks from the platform and suggest mitigating measures.
  • The window between software vulnerability disclosure and weaponisation has compressed from 19 days in 2023 to under 72 hours today for banks in India.
  • Anthropic launched “Project Glasswing” to give 12 tech companies access to the tool in an effort to secure the most critical software in the world.
    • The 12 Founding Partners: Amazon Web Services (AWS), Apple, Broadcom, Cisco, CrowdStrike, Google, JPMorganChase, The Linux Foundation, Microsoft, NVIDIA, Palo Alto Networks, and Anthropic.
    • These companies will check the vulnerabilities in their own softwares by using this access to ‘Claude Mythos’ tool.
  • Claude Mythos is technically a Large Language Model (LLM), but it belongs to a specialized class known as “Frontier Models.”
    • Frontier models are the most advanced AI models available at a given moment, trained on massive datasets to deliver state-of-the-art performance across many tasks, representing the cutting edge of AI capability.

India Direct Tax Collections Fall Short of Estimates

• What: The Central Board of Direct Taxes (CBDT) reported that net direct tax collections grew 5.12% year-on-year to ₹23.40 lakh crore in 2025-26, yet the total amount missed revised estimates by ₹81,000 crore.
• Tell me more:
  • Net direct tax collections rose from ₹22.26 lakh crore in the previous fiscal year to ₹23.40 lakh crore.
  • The Centre had previously revised the collection target down to ₹24.21 lakh crore for the fiscal year 2025-26.

Reports and Indices

World Press Freedom Index 2026

• Released by – Paris-based Reporters Without Borders (RSF)
• Total – 180 countries
• Parameters – political context, legal framework, economic context, sociocultural context and safety
• Score – ranging from 0 to 100

• Top 5 countries –
  

• India

Global Methane Tracker 2026 Released by International Energy Agency

• What: The International Energy Agency (IEA) Global Methane Tracker 2026 report states that India emitted 2.2 million tonnes of methane from coal mines in 2025, making it the second-largest emitter in South and Southeast Asia, after Indonesia.
• Tell me more:
  • The 2025 emission levels are more than double the 0.8 million tonnes India officially reported to the United Nations Framework Convention on Climate Change (UNFCCC) in 2020.
  • Methane traps more heat than carbon dioxide and is responsible for 20% to 30% of global warming since the Industrial Revolution.
  • India has not signed the Global Methane Pledge. China, Russia, and South Africa are other leading methane emitters that have also not signed this pledge.
  • India’s emissions could more than double by 2029 due to the expansion of open-cut and underground coal mining.

Defence News

India and Cambodia Begin Joint Military Exercise CINBAX-II

• What: The Indian Army contingent departed for the 2nd edition of the India-Cambodia Bilateral Military Exercise (CINBAX-II) 2026, which will take place at the Royal Cambodian Air Force Training Centre from 04 to 17 May 2026.
• Tell me more:
  • This exercise operates under the framework of Chapter VII of the United Nations (UN) Mandate for conduct of operations in sub-conventional environments.

Science and Technology

GalaxEye Launches World First OptoSAR “Mission Drishti” Imaging Satellite

• What: Bengaluru-based start-up GalaxEye successfully launched Mission Drishti, the world’s first SyncFused OptoSAR imaging satellite, weighing 190 kilograms aboard a SpaceX Falcon 9 rocket from California to provide all-weather Earth observation capabilities.
• Tell me more:
  • Mission Drishti is the largest Earth observation satellite ever built by a private Indian company and was developed in just a few years by a team of Indian Institute of Technology (IIT) Madras alumni.
  • SyncFused OptoSAR is a hybrid imaging technology developed by GalaxEye that combines optical (visual) and Synthetic Aperture Radar (SAR) sensors on a single satellite to capture perfectly aligned, all-weather data.
  • Another key feature of this satellite is its AI processing chip powered by Nvidia’s Jetson Orin computing platform.
  • GalaxEye was founded in 2021 by a team of engineers at IIT Madras. CEO & Co-Founder – Suyash Singh

India Conducts Second Test of Hypersonic Missile (LR-AShM)

• What: The Defence Research and Development Organisation (DRDO) successfully conducted the second flight test of the Long-Range Hypersonic Anti-Ship Missile (LR-AShM) off the Odisha coast to strengthen maritime defence and reach into the deep ocean.
• Tell me more:
  • This technology helps the missile strike enemy ships and distant targets very fast and accurately, avoid radar detection, escape interception systems, and give armed forces stronger long-range attack and defence power.
  • The Dr APJ Abdul Kalam Missile Complex in Hyderabad developed this technology with various industry partners.

Source: IE

Important Days

World Tuna Day – May 2

• UN Focus: Rays of hope for sustainable tuna

World Press Freedom Day – May 3

• UN Focus: Shaping a Future at Peace

International Leopard Day 2026 – May 3

• India is the only country in the world home to all five major “big cat” species: Tiger, Lion, Leopard, Snow Leopard, and Cheetah.
• International Big Cat Alliance (IBCA):

World Asthma Day 2026 – May 5

• The Global Initiative for Asthma (GINA) theme for World Asthma Day 2026 is: “Access to anti-inflammatory inhalers for everyone with asthma – still an urgent need”.
• World Asthma Day was first held in 1998.

National Fire Safety Week from May 4 to 10

• What: The theme of National Fire Safety Week 2026 is “Safe Schools, Safe Hospitals, and a Fire-Safety Aware Society: Together for Fire Prevention” same as National Fire Service Day (April 14).
• Tell me more:
  • The Ministry of Health and Family Welfare launched a nationwide pledge for the week from May 4 to 10 on the theme “Fire Safety in Health Facilities.”
  • The campaign coincides with the release of the National Guidelines on Fire and Life Safety in Healthcare Facilities (2026).

Sports

Thomas & Uber Cup 2026 in Horsens, Denmark

• While the Thomas Cup is the world badminton team championship for men, the Uber Cup is the women’s version.
• The Thomas Cup marked the 34th edition of the tournament, while the Uber Cup marked its 31st staging.

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