Current affairs relevant to GS3.
A tripartite MoU signed on 20 April 2026 by HD Korea Shipbuilding & Offshore Engineering, NSHIP-TN and Sagarmala Finance Corporation will develop India's first mega greenfield shipyard at Thoothukudi, Tamil Nadu. Planned capacity is 2.5 million gross tonnage a year, with about 15,000 direct jobs. It came under the India–Korea VOYAGES maritime framework.
13 May 2026
The CCEA approved MSP for 14 kharif crops for marketing season 2026-27 on 13 May 2026. Common paddy gets ₹2,441 per quintal, up ₹72. The biggest absolute rise is for sunflower seed (₹622), then cotton (₹557), nigerseed (₹515) and sesamum (₹500). Moong gives the highest margin over cost at 61%; most crops get 50%.
13 May 2026
The Union Cabinet on 13 May 2026 extended the lease of AAI land to MIHAN India Limited beyond 6 August 2039. MIL can now license Nagpur airport to GMR Nagpur International Airport Limited for 30 years from the operation date. It follows a Supreme Court ruling of 27 September 2024. The target capacity is 30 million passengers a year.
13 May 2026
The Department of Financial Services launched the Bharat Maritime Insurance Pool (BMIP) of USD 1.5 billion on 12 May 2026, backed by a sovereign guarantee of USD 1.4 billion (₹12,980 crore). It covers hull and machinery, cargo, P&I and war risk for Indian-linked vessels. GIC Re is administrator. The guarantee applies only to claims above USD 100 million.
12 May 2026
The Indian Cyber Crime Coordination Centre (I4C) of MHA and the Reserve Bank Innovation Hub (RBIH) signed an MoU on 12 May 2026 to fight mule accounts. I4C will share mule-account intelligence and suspect identifiers from its Suspect Registry. RBIH will use the data to train AI fraud models such as MuleHunter.ai, which banks already use.
12 May 2026
India and the International Fund for Agricultural Development (IFAD) launched a new eight-year Country Strategic Opportunities Programme (COSOP) for 2026–2033 on 12 May 2026. It has two priorities: social, economic and climate resilience of rural communities, and knowledge systems to scale proven models in India and the Global South. IFAD and NABARD also signed a partnership.
12 May 2026
The Ministry of Mines launched the second tranche of limestone block e-auctions in Jammu & Kashmir at Srinagar on 12 May 2026. Twelve blocks in Anantnag, Rajouri and Poonch are on offer: five first-attempt blocks and seven re-auctioned ones. They are at G3 and G4 exploration stages under UNFC. Bids are due by 21 July 2026.
12 May 2026
The 5th Informal Group of Ministers on West Asia met on 11 May 2026. It was told India has 60 days of crude oil, 60 days of natural gas and 45 days of LPG stock, and forex reserves of $703 billion. Oil marketing companies are absorbing losses of close to ₹1,000 crore a day. Fertiliser stock is 199.65 lakh tonnes.
11 May 2026
India's first integrated CCUS field laboratory opened at IIT Bombay on 11 May 2026. It links a home-grown carbon capture and utilisation pilot of up to 3 tonnes a day with scientific drilling to store CO2 in Deccan Trap basalts. Captured CO2 is turned into carbonate and bicarbonate salts for steel, cement and other industries.
11 May 2026
NSO's PLFS quarterly bulletin for January–March 2026 shows overall LFPR (15+, CWS) at 55.5%, down from 55.8%. Female LFPR held at 34.7%. Urban unemployment eased to 6.6%, while rural UR edged up to 4.3%. About 57.4 crore people aged 15+ were employed. Agriculture's share of rural jobs fell to 55.8% from 58.5%.
11 May 2026