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Daily Current Affairs 11 May 2026

18 News

National

The Ministry of Health and Family Welfare (MoHFW) has released the “Guidance Document on Diabetes Mellitus in Children” during the National Summit on Best Practices in Public Healthcare Service Delivery held in Chandigarh.

This is the first structured and standardized national framework in India for the screening, diagnosis, treatment, and long-term management of diabetes in children. The framework introduces the “4Ts awareness framework” (Toilet, Thirsty, Tired, and Thinner) to promote the early detection of Type 1 Diabetes among children.

Union Minister Shivraj Singh Chouhan has launched the fourth phase of the Pradhan Mantri Gram Sadak Yojana (PMGSY-IV) in Rayagada, Odisha, with an outlay of ₹1,700 crore. Under the initiative, 827 road projects spanning 1,701.84 km have been initiated at a cost of ₹1,698.04 crore to provide all-weather connectivity to 898 habitations for the first time.

The project targets 898 villages across 8 districts in Odisha to enhance connectivity in remote and underserved regions. It is to be noted that the financial responsibility for the PMGSY-IV is shared between the central and state governments in a 60:40 ratio.

The Ministry of Health and Family Welfare (MoHFW) has launched the “Swasth Bharat Portal” during the 10th edition of the “National Summit on Innovation and Inclusivity: Best Practices Shaping India’s Health Future” held in Chandigarh.

The portal aims to integrate fragmented health programme systems into a unified digital platform to streamline healthcare data management.

Economy

According to the 'India Forward- Emerging Perspectives' report jointly released by S&P Global Market Intelligence and CRISIL Ratings Ltd, the Gross Domestic Product (GDP) growth of India for FY27 is revised downward by 50 basis points (bps) to 6.6%.

The report estimated the GDP growth for FY26 at 7.6% and the average annual growth between FY23 and FY26 at 7.3%. The retail inflation is projected to average 5.1% in FY26. The Current Account Deficit (CAD) is expected to expand from 0.8% of GDP in FY26 to 2.2% in FY27. Further, the debt-to-GDP ratio of India is forecasted to increase to 57.5% from 56.1% in FY26.

Banking

The National Stock Exchange of India (NSE) has launched the Electronic Gold Receipts (EGR) segment after receiving regulatory approval from the SEBI.

The initiative aims to create a transparent and efficient gold trading ecosystem by enhancing price discovery and broadening market participation. It also aims to strengthen investor confidence through a modernized and regulated trading framework.

According to data from the Ministry of Finance (MoF), Scheduled Commercial Banks (SCBs) recorded a 15.9% year-on-year (y-o-y) growth in non-food credit in FY26, an increase of 497 basis points (bps) from 10.9% in FY25.

Credit to agriculture and allied activities grew by 15.7% (up from 10.4% in the previous year), while industrial sector credit expanded by 15%, nearly double the 8.2% growth rate of the previous year. The services sector registered the highest growth of 19% in FY 2025-26, compared to 12% in the preceding year.

Reports

The Ministry of Panchayati Raj (MoPR) has launched the ‘Panchayat Advancement Index (PAI) 2.0’ for FY24 to evaluate the development, performance, and progress of Gram Panchayats (GPs). Tripura emerged as the top-performing state, with 943 rural local bodies (80% of the total 1,176) categorized as ‘Front Runner’ panchayats.

Kerala and Odisha followed as the next best performers, with 10% of the 941 GPs of Kerala and 8% of the 6,794 GPs of Odisha achieving the ‘Front Runner’ status. The Jugal Kishore Nagar Village Committee, located in the Sepahijala district of Tripura, is ranked as the top GP in the country with a performance score of 88.44.

According to the “ICAR-CMFRI Annual Report 2025” released by the Indian Council of Agricultural Research (ICAR)-Central Marine Fisheries Research Institute (CMFRI), Tamil Nadu is the leading marine fish producer in India with an output of 6.85 lakh tonnes.

It is to be noted that the aggregate marine fish production of India increased by 3% to 35.7 lakh tonnes in 2025. Karnataka and Maharashtra are ranked 4th and 5th respectively.

Defence

The Indian Coast Guard (ICG) has commissioned the Indian Coast Guard Ship 'Achal', a new-generation “Adamya-class” Fast Patrol Vessel (FPV), at the Goa Shipyard Limited (GSL) in Vasco, Goa. The vessel will be stationed at Vadinar, Gujarat.

It is to be noted that the ship is the 5th of the eight FPVs being indigenously built by the GSL for the ICG. The 51 metre long vessel, featuring over 50% indigenous content, is powered by two 3,000 kW diesel engines. It has a maximum speed of 27 knots and an operational endurance of 1,500 nautical miles.

India has successfully conducted the second flight trial of the Agni-5 missile, integrated with Multiple Independently Targetable Re-entry Vehicle (MIRV) technology.

The test, designated as “Mission Divyastra”, was carried out from Dr APJ Abdul Kalam Island off the Odisha coast. It is to be noted that Agni-5 is a nuclear-capable ballistic missile with a strike range exceeding 5,000 km.

Business

NLC India Ltd (NLCIL) has signed a Non-Disclosure Agreement (NDA) with the France-based Electricite de France (EDF) to explore the development of nuclear power projects in India.

The collaboration focuses on the use of European Pressurised Reactor (EPR) and Small Modular Reactor (SMR) technologies. The EPR is a third-generation Pressurized Water Reactor (PWR) developed by Framatome and EDF, featuring advanced safety and efficiency. It is to be noted that NLCIL aims to achieve a total power generation capacity of 20 GW by 2030.

State

C Joseph Vijay, the president of Tamilaga Vettri Kazhagam (TVK), has sworn in as the 13th Chief Minister of Tamil Nadu. The oath of office was administered by Governor Rajendra Arlekar at the Jawaharlal Nehru Indoor Stadium in Chennai.

It is to be noted that TVK emerged as the single largest party by winning 108 seats. To surpass the majority mark of 118 seats, a coalition was formed with the Indian National Congress, bringing the total support to 120 MLAs.

The Bihar government has approved a $500 million (around ₹4,750 crore) loan from the World Bank (WB) for the ‘Bihar Urban Transformation Programme’. The state cabinet has also sanctioned the transfer of 1.85 acres of land and authorized enhanced subsidy support under the PM Electric (e)-Bus Sewa for the operation of 400 electric AC buses.

Furthermore, ₹15,967.03 crore was sanctioned for the monitoring and maintenance of roads using AI based technologies.

The Karnataka government has inaugurated the Centre of Excellence for Space Technology (CoE SpaceTech Foundation) in Bengaluru, marking the first state-led center in India dedicated to the space sector.

The foundation was established by the Karnataka Innovation and Technology Society (KITS) in collaboration with the SatCom Industry Association of India (SIA-India). It aims to bridge the gap between academic research and the commercialisation of space technologies to enhance industrial development.

Suvendu Adhikari, belonging to the Bharatiya Janata Party (BJP), has sworn in as the first Chief Minister (CM) of West Bengal at the Brigade Parade Ground in Kolkata. He won from the Bhabanipur constituency, defeating the former CM Mamata Banerjee. It is to be noted that the BJP won 207 out of 294 seats in the 2026 Assembly elections. Governor RN Ravi administered the oath in Bengali on the occasion of Pochishe Boishakh (the 165th birth anniversary of Rabindranath Tagore).

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