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PM Internship Scheme 2026 launched – The Central Government rolled out the Prime Minister Internship Scheme 2026 to give young people practical workplace experience and boost their employability – a step toward a future‑ready workforce.
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Sugar exports banned until September – To keep domestic supplies steady and control inflation, the government imposed an immediate ban on sugar exports until 30 September 2026 – a sweet move for local consumers.
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India sets 1 trillion export target** – After a record **863 billion in exports last financial year (2025‑26), India has now set an ambitious $1 trillion export target for the current fiscal – aiming high on the global trade map.
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Assam approves draft Uniform Civil Code Bill – The Assam government gave the green light to the draft UCC Bill – a major legal and political development in the state.
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Uber & Adani Group join forces for data centre – Uber partnered with the Adani Group to set up its first data centre in India – a big step for Uber’s digital and engineering footprint in one of its most important global markets.
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Maize overtakes sugarcane for ethanol – India’s ethanol programme is seeing a quiet revolution – maize has become the largest ethanol feedstock , surpassing sugarcane‑based sources for the first time.
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India hosts 10th Indian Ocean Dialogue – The 10th edition of the Indian Ocean Dialogue was held in New Delhi, with the theme “Indian Ocean Region in a Transforming World” – bringing together strategic voices from across the region.
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RBI cancels Sarvodaya Co‑operative Bank’s licence – The Reserve Bank of India cancelled the banking licence of Sarvodaya Co‑operative Bank Limited , Mumbai, under the Banking Regulation Act – a tough but necessary step for depositor protection.
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I4C & RBI Innovation Hub join hands against cyber fraud – The Indian Cyber Crime Coordination Centre (I4C) and the Reserve Bank Innovation Hub (RBIH) signed an MoU to strengthen AI‑based detection of mule accounts and cyber financial frauds – a much‑needed shield for digital banking.
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FPI holding in Indian equities drops to 14% – Foreign Portfolio Investors’ stake in Indian stocks fell to 14% in June 2026 – the lowest level in nearly 14 years, reflecting sustained foreign selling pressure.
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RBI relaxes norms for quarterly profits in CET1 capital – The central bank issued amended directions, relaxing rules for including quarterly profits in Common Equity Tier 1 (CET1) capital for calculating CRAR – giving banks more flexibility.
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States told to shift GSDP base year to 2022‑23 by FY27 – The Ministry of Statistics and Programme Implementation (MoSPI) directed all states and UTs to update their GSDP base year from 2011‑12 to 2022‑23 by FY27 – for more accurate economic data.
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AU Small Finance Bank launches four new credit cards – AU SFB introduced four credit cards – AU Ananta, AU Laksya, AU Tejas, and AU Prathama – aiming to strengthen its retail card business across Tier‑1 and Tier‑2 cities.
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R Mukundan elected CII President for 2026‑27 – The Confederation of Indian Industry (CII) elected R Mukundan as its President for 2026‑27, succeeding Rajiv Memani.
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Peter Magyar sworn in as Hungary’s new PM – After his party’s victory in parliamentary elections, Peter Magyar took oath as the new Prime Minister of Hungary.
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Himanta Biswa Sarma returns as Assam CM – The senior BJP leader and Jalukbari MLA Himanta Biswa Sarma was sworn in as Chief Minister of Assam for a second consecutive term .
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‘Kalam & Kavach’ edition 3 to be inaugurated – Raksha Rajya Mantri Sanjay Seth will inaugurate the third edition of “Kalam & Kavach” at the Manekshaw Centre, New Delhi – focusing on defence innovation.
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CCI clears Thriveni’s stake buy in Lloyds Engineering – The Competition Commission of India (CCI) approved the acquisition of a 7.14% stake in Lloyds Engineering Works Limited (LEWL) by Thriveni Earthmovers , along with the merger of three entities into LEWL.
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TDB backs CAR‑T cell therapy project – The Technology Development Board (TDB) signed an agreement with Helix Cell Therapeutics, Hyderabad for a project on dual‑targeting CAR‑T cell therapy for Multiple Myeloma – a promising cancer treatment.
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Samsung crosses 1 trillion market cap** – **Samsung Electronics** hit a historic **1 trillion market valuation , driven by soaring global demand for AI‑related semiconductor chips – a milestone for the tech giant.
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International Day of Families – May 15 – Every year on 15 May , the world celebrates the International Day of Families , raising awareness about the importance of families in society. A gentle reminder to call your loved ones.