Current affairs curated for UPSC competitive exams.
Answer: 25 basis points
RBI MPC cut the repo rate by 25 basis points to 6.25% in February 2025, the first reduction since May 2020, amid easing inflation.
Answer: D. Gukesh
D. Gukesh defeated China's Ding Liren to become World Chess Champion in December 2024, at age 18 — the youngest ever.
Answer: Prayagraj
Maha Kumbh 2025 was held at Prayagraj (Triveni Sangam — confluence of Ganga, Yamuna, and mythical Saraswati), the largest religious gathering in the world.
Answer: 4th
With SpaDeX's successful docking, India became the 4th country after USA, Russia, and China to demonstrate space docking technology.
Answer: If compute availability becomes extremely constrained
Musk stated that if compute gets 'super tight,' SpaceX might need the resources back. This flexibility clause ensures SpaceX can prioritize its own computational needs during periods of high demand while still providing Anthropic a reasonable exit strategy.
Answer: Six months
Elon Musk confirmed that SpaceX agreed to a six-month lease of its Colossus AI infrastructure to Anthropic. This arrangement includes provisions for a reasonable off-ramp, indicating SpaceX may reclaim the compute resources if needed.
Answer: ₹39,990
The financing scheme offers monthly EMI starting at ₹39,990 with a down payment requirement of ₹6 lakh. This affordability structure is designed to lower barriers for premium EV adoption, making electric mobility more accessible to middle and upper-middle-class consumers.
Answer: ₹50.89 lakh
Tesla introduced the Model Y Premium Rear-Wheel Drive variant in India at ₹50.89 lakh in May 2026. This marks Tesla's strategic entry into the Indian premium electric vehicle segment with a competitively priced offering aimed at expanding EV adoption.
Answer: False
The RBI explicitly stated that India's growth is supported by relatively lower dependence on exports as a growth driver. Instead, the economy relies more on domestic demand, making it less vulnerable to global trade disruptions.
Answer: Robust domestic demand and stable policy environment
The RBI highlighted that India's growth prospects are underpinned by strong macroeconomic fundamentals, particularly robust domestic demand, relatively lower dependence on exports, and a stable policy environment. This indicates the economy's resilience stems from internal consumption strength rather than external trade reliance.
Answer: amount
Despite a decline in the number of fraud cases, the amount involved in these frauds has paradoxically increased for both public and private sector banks. This trend suggests fraudsters are executing larger-value scams, making detection and prevention more critical.
Answer: Over 10,000 cases
RBI data for FY26 reveals that financial institutions reported over 10,000 cases of fraud. This figure is significant for banking sector supervision and reflects the scale of fraudulent activities affecting India's financial system.
Answer: 94.97
The rupee touched an intraday high of 94.97 during trading hours, indicating temporary strengthening. The currency opened at 95.77 before recovering. Intraday highs and lows are crucial for forex traders and reflect real-time demand-supply dynamics.
Answer: 95.05
The rupee appreciated by 53 paise to settle at 95.05 per dollar. During intraday trading, it reached a high of 94.97 and a low of 95.78. Such movements reflect market sentiment driven by forex inflows, RBI intervention, and global cues.
Answer: Vedanta
Vedanta, a diversified natural resources company, received its highest credit rating in over ten years from ICRA. This upgrade signifies improved creditworthiness and is relevant for understanding corporate finance dynamics in competitive exams.
Answer: ICRA
ICRA upgraded Vedanta's credit rating in May 2026, marking the company's highest rating in over a decade. Credit rating upgrades reflect improved financial health and debt servicing capacity, crucial indicators monitored in economic and business-related exam questions.
Answer: 6x
The deficit increased six-fold compared to the previous fiscal year, highlighting a sharp deterioration in India's external account position. This magnitude of increase raised government concerns about sustained dollar outflows from the economy.
Answer: $30.8 billion
RBI data revealed that India's Balance of Payments stood at a deficit of $30.8 billion in 2025-26, indicating total outflows (trade and investments) exceeded inflows by this amount. This represents a significant deterioration from the previous year.
Answer: 30 days
Officials have directed OMCs to maintain strategic LPG reserves sufficient to meet at least thirty days of demand. This directive ensures energy security and prevents supply disruptions during unforeseen circumstances or import delays.
Answer: 72,000
As per official statements in May 2026, India produces approximately 72,000 metric tonnes of LPG daily from domestic sources. This figure is crucial for understanding India's energy self-reliance and import dependency for cooking fuel.