Current Affairs for Competitive Exams: 07 May 2026, Daily Roundup
Current Affairs – 07 May 2026
On 7 May 2026, India witnessed major constitutional, diplomatic, and defence developments, while global markets responded positively to the temporary de-escalation in the Strait of Hormuz crisis.
National Affairs
Politics, Governance & Judiciary
- West Bengal Political Deadlock: The Ministry of Home Affairs issued a strong advisory to the West Bengal government amid continued political uncertainty after the Assembly election results.
- Tamil Nadu Coalition Talks: TVK chief Vijay began discussions with smaller regional parties to strengthen government formation efforts, while the DMK explored broader alliance strategies.
- Right to be Forgotten: A five-judge Constitution Bench of the Supreme Court ruled that the “Right to be Forgotten” is part of the Right to Privacy, allowing removal of outdated digital records upon valid request.
- Supreme Court Expansion: Parliament approved the Supreme Court (Number of Judges) Amendment Bill, 2026, increasing judge strength to 38 (including the CJI).
Infrastructure & Environment
- Green Highway Mission: The government announced completion of 15,000 km of Green Highways with rainwater harvesting and plantation systems.
- Bihar Infrastructure Funding: Bihar Cabinet approved a US$500 million World Bank-assisted urban infrastructure project.
International Current Affairs
- India–EFTA Cooperation: The first Swiss-Indian Innovation Park was inaugurated in Bengaluru, focusing on precision engineering and sustainable medical technology.
- India–Nepal Energy Agreement: Nepal agreed to export an additional 1,200 MW of hydropower to India under a long-term energy cooperation framework.
- World Migration Report 2026: India remained the world’s top remittance recipient, receiving over USD 137 billion in 2024, according to the IOM report.
- UK–India FTA Debate: UK Prime Minister Rishi Sunak faced parliamentary scrutiny over trade concessions linked to the India–UK FTA negotiations.
Global Geopolitical Developments
- Hormuz De-escalation: Iran agreed to a 72-hour trial passage allowing non-military commercial tankers through the Strait of Hormuz without inspections.
- Oil Price Relief: Following the announcement, Brent crude prices fell about 4%, easing fears of a major global energy shock.
Defence
- Project 75-I Submarine Programme: The Ministry of Defence shortlisted two final bidders for construction of six advanced submarines with Air-Independent Propulsion (AIP) technology under a project worth over ₹45,000 crore.
- Exercise SHAKTI-2026: India and France began joint military drills in Rajasthan, focusing on counter-terrorism and drone-based warfare operations.
Science & Technology
- Gaganyaan-3 Test Success: ISRO successfully conducted the Integrated Main Parachute Airdrop Test (IMAT) for the Gaganyaan-3 mission.
- Green Hydrogen Innovation: An IIT Bombay-incubated startup developed a low-cost catalyst reducing green hydrogen production costs by 30%.
- AI Ethics Framework: MeitY released the National Framework for Generative AI Ethics, mandating disclosure of copyrighted regional language datasets used by AI systems.
Sports
- IPL 2026: Kolkata Knight Riders defeated Rajasthan Royals by 42 runs, with Sunil Narine starring with bat and ball.
- Doha Diamond League: Olympic champion Neeraj Chopra won Gold with a season-best throw of 89.45 m.
Global Observance
- World Athletics Day
- Theme: “World Class Athletes: Promoting Grassroots Talent.”
- The Sports Authority of India launched 50 district-level talent scouting centres.
Miscellaneous One-Liners Current Affairs
- Maharashtra: Approved a ₹2,500 crore rehabilitation package for Dharavi redevelopment project-affected persons.
- Assam: Declared a Public Health Emergency in three districts due to rising Japanese Encephalitis cases.
- Ladakh: Newly created Zanskar district received its first Deputy Commissioner and SSP.
- Odisha: CM Naveen Patnaik inaugurated the Srimandir Parikrama Museum in Puri.
- Finance: SEBI introduced optional T+0 settlement for 50 blue-chip stocks to improve liquidity.
