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Prashant Pise Appointed India’s New Ambassador to Oman

May 13, 2026

OVERVIEW

India has appointed senior diplomat Prashant Pise as the new Ambassador to Oman. He is an Indian Foreign Service (IFS) officer from the 1995 batch. Currently, he serves as Additional Secretary in the Ministry of External Affairs. He will replace Godavarthi Venkata Srinivas, who is a 1993 batch IFS officer. Pise has served in Cairo, Tripoli, and handled Russia, CIS, and Central Asia affairs. His new role is important because Oman is a key partner for India in the Gulf region.

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Kevin Warsh Confirmed as Fed Governor-Set to Replace Jerome Powell as Chair

May 13, 2026

OVERVIEW

The US Senate has appointed Kevin Warsh as a Governor of the Federal Reserve. He is now set to become the next Chair of America’s central bank. The Senate voted 51–45 to confirm him for a 14-year term on the Fed’s Board of Governors. If he is confirmed as Chair, he will replace Jerome Powell. This change is happening at a time when the US economy is facing rising inflation and political pressure on monetary policy. The Federal Reserve’s decisions affect interest rates, inflation, and financial markets all over the world.

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Meet Loki A Hidden Ancient Dwarf Galaxy Found Inside the Milky Way

May 12, 2026

OVERVIEW

Scientists have found clues of an ancient dwarf galaxy hiding inside our own Milky Way. They have named it Loki. The study came out in May 2026 in a well-known science journal. Researchers looked at 20 very old stars near the Sun. These stars have unusual chemical fingerprints and mixed orbital paths. The finding suggests that Loki merged with the Milky Way long ago. If confirmed, Loki will join other swallowed galaxies like Gaia-Enceladus and Kraken.

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Karnataka Launches KAAMS New AI-Powered App to Mark Attendance Twice a Day

May 12, 2026

OVERVIEW

The Karnataka government has introduced a new mobile app called KAAMS. It stands for Karnataka Advanced Attendance Management System. The app is also named Kartavya-KAAMS. It uses Artificial Intelligence, Facial Recognition, and Geo-Fencing to track attendance. All permanent teachers, Head Masters, officers, and non-teaching staff in government schools and offices must use it. They need to mark attendance twice a day from their duty location. The system started on 1 May 2026 for the academic year 2026-27. It replaces the old biometric system.

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SEBI’s GARUDA Proposal: New Rule to Launch Investment Schemes in Just 10 Days

May 12, 2026

OVERVIEW

India’s market regulator, SEBI, has proposed a new system called GARUDA. It stands for Green-Channel: AIF Rollout Upon Document Acknowledgement. This rule will help Alternative Investment Funds (AIFs) launch their schemes faster. Right now, AIFs must wait 30 days after filing papers. Under GARUDA, eligible schemes can start in just 10 working days. This will make fundraising quicker and improve business ease. The public can share feedback on this proposal until 1 June 2026.

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