Image

12 May 2026 Current Affairs

Daily CA One‑Liner: May 12 

  • India’s steel industry  continues to shine – recognised as a “sunrise sector” and has proudly held the title of the  world’s second‑largest steel producer  since 2018.

  • Gujarat International Finance Tec‑City (GIFT City)  in Gandhinagar hosted the  India Aircraft Leasing and Financing Summit 2.0 , bringing together aviation finance leaders.

  • A recent  Supreme Court judgment  on a dowry harassment case has once again turned the spotlight on  Section 498A of the Indian Penal Code , sparking fresh debate on its use and misuse.

  • Faustino Oro , a 12‑year‑old chess wizard from Argentina, made history by becoming the  second youngest Grandmaster ever , achieving the feat at 12 years, 6 months and 26 days.

  • India’s  women’s recurve archery team  struck gold at the  Archery World Cup Stage 2 in Shanghai , scripting a historic win for the country.

  • RBI Governor Sanjay Malhotra  and  ECB President Christine Lagarde  signed an  MoU  to deepen cooperation between the two central banks – a significant step for global monetary policy coordination.

  • The  Reserve Bank of India  slapped a  ₹31.80 lakh penalty  on  Yes Bank  for flouting  KYC norms  – a reminder that compliance cannot take a back seat.

  • RBI  introduced a new reporting framework to keep a tighter watch on  offshore rupee‑linked forex derivative transactions , aiming to plug regulatory gaps.

  • Himachal Pradesh Gramin Bank, Mandi , was fined  ₹5 lakh  by the RBI for violations related to deposit rules and statutory compliance.

  • The  Basel Committee on Banking Supervision  had issued the final  Basel III framework  back in December 2017 – the one that changed how banks calculate  Risk‑Weighted Assets (RWAs)  for good.

  • In a major political shift,  Suvendu Adhikari  took oath as the  9th Chief Minister of West Bengal , leading the  first‑ever BJP government  in the state.

  • The government appointed  Lieutenant General NS Raja Subramani  (Retd) as the new  Chief of Defence Staff (CDS)  and also as Secretary of the Department of Military Affairs.

  • Laura Virginia Fernández Delgado , just 39, was sworn in as  Costa Rica’s 50th President  at the National Stadium in San José – a fresh face in Latin American leadership.

  • The  10th edition of India‑Australia Defence Policy Talks  was held in New Delhi, reflecting the growing strategic ties between the two nations.

  • Union Minister  Dr. Jitendra Singh  visited  Banaras Hindu University (BHU)  to review the  SATHI facility  (Sophisticated Analytical & Technical Help Institute), set up with support from the  Department of Science & Technology .

  • CSIR‑IIIM Jammu  joined hands with  JKEDI  through an  MoU  to give a solid boost to the  startup ecosystem in Jammu and Kashmir  – a welcome move for young entrepreneurs.

  • At the  CSIR Innovation Complex in Mumbai , Dr. Jitendra Singh inaugurated a  Buyer‑Seller Meet  organised by CSIR‑IIIM as a curtain‑raiser for the upcoming  Lavender Festival 2026 .

  • Dr. Jitendra Singh also chaired a high‑level review meeting on the  “Swachh Sagar, Surakshit Sagar (SSSS)”  campaign and the  India International Science Festival , emphasising public participation and coordination.

  • The  Bureau of Indian Standards (BIS)  hosted the  35th Plenary and Working Group meetings of ISO/TC 20/SC 14 (Space Systems and Operations)  – a first for India, showcasing its growing space credentials.

  • International Nurses Day  was observed on  12 May , a heartfelt salute to nurses worldwide for their selfless service to healthcare and society.

Month: 

Category: 

1