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Daily Current Affairs: 6 May 2026

Current affairs of 6 May 2026: ECLGS 5.0: ₹2.55 Lakh Crore Credit Guarantee Scheme; Project 17A Frigates: INS Mahendragiri Delivered to Navy; Project Deepak of BRO: Himachal roads and key BRO projects, and 18 more topics. Key facts for every exam, with a quiz.

Take the quiz (15 questions)May 2026
21 TOPICSDaily CurrentAffairs6 May 2026In focus: ECLGS 5.0: ₹2.55 Lakh Crore Credit…safalsetu.com

In this issue: 21 topics

National Affairs

  1. South Coast Railway Zone Notified as India’s 18th Zone
  2. International Firefighters’ Day 2026: May 4 observance

Government Schemes

  1. HVDC Substations: Phased Local-Content Rules for Power Projects
  2. BIS Issues Six Assistive Technology Standards Under NLEAP
  3. National Framework for Diabetes in Children: Screening to Age 18

Banking & Finance

  1. UDGAM Portal: 30 Banks Live, Supreme Court Hearing
  2. RBI Draft Norms: Banks Owning Non-Financial Assets (SNFA)
  3. SEBI Plan: Online Bond Platforms and GIFT City Debt
  4. NSE Electronic Gold Receipts (EGR) Launched with SEBI Nod

Economy

  1. ECLGS 5.0: ₹2.55 Lakh Crore Credit Guarantee Scheme

International Affairs

  1. Project Freedom: US Escort Mission in Strait of Hormuz
  2. ADB Critical Minerals Financing Facility Launched
  3. World Portuguese Language Day 2026: May 5 Observance

Science & Technology

  1. CAS500-2 Satellite Launched on SpaceX Falcon 9

Defence & Security

  1. Project 17A Frigates: INS Mahendragiri Delivered to Navy
  2. Project Deepak of BRO: Himachal roads and key BRO projects

Awards & Persons

  1. Yash Khandagale Wins Silver at World Junior Weightlifting
  2. Pulitzer Prize 2026: Indian Journalists Honoured for Cyber Fraud Story
  3. Thomas Cup and Uber Cup 2026: China and Korea Win
  4. Alex Zanardi Dies at 59: F1 Driver and Paralympic Champion
  5. World Laughter Day 2026: Date, Theme and Founder

National Affairs

Government Schemes

Banking & Finance

Economy

7. RBI Draft Norms: Banks Owning Non-Financial Assets (SNFA)

  • On 5 May 2026 the RBI released draft norms letting banks acquire Specified Non-Financial Assets, mainly pledged immovable property, to settle defaulted loans.
  • Banks may use this only for NPAs after all other recovery routes fail, and must sell the asset within seven years.
  • Assets are revalued at least every two years, booked at the lower of debt or distress sale value, and cannot go back to the borrower.
Full notes and 3 MCQs ›
Economy

8. SEBI Plan: Online Bond Platforms and GIFT City Debt

  • SEBI proposed on 5 May 2026 to widen what Online Bond Platform Providers (OBPPs) can sell retail investors.
  • One proposal lets OBPPs offer IFSCA-regulated products at GIFT City, subject to FEMA and LRS limits.
  • The second proposal explicitly lets OBPPs sell Section 54EC bonds from issuers such as PFC, IRFC and REC.
  • 54EC bonds give LTCG tax relief if gains are reinvested within six months of the sale.
Full notes and 3 MCQs ›

Economy

Economy

10. ECLGS 5.0: ₹2.55 Lakh Crore Credit Guarantee Scheme

  • Union Cabinet approved ECLGS 5.0 on 5 May 2026, the first version triggered by a geopolitical shock rather than a pandemic.
  • Targeted additional credit is ₹2,55,000 crore, including ₹5,000 crore reserved for airlines.
  • Guarantee cover is 100% for MSMEs and 90% for non-MSMEs and airlines, issued by NCGTC.
  • Eligible accounts must have been standard as on 31 March 2026.
Full notes and 3 MCQs ›

International Affairs

Economy

12. ADB Critical Minerals Financing Facility Launched

  • ADB set up a new financing partnership facility to bolster critical mineral supply chains across Asia-Pacific.
  • Early-stage projects can get grants, while catalytic finance is meant to draw in more investment.
  • A dedicated database is included to improve transparency and coordination.
  • The facility backs sustainable manufacturing and energy transition goals.
Full notes and 3 MCQs ›

Science & Technology

Defence & Security

Awards & Persons

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