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Daily Current Affairs: 8 May 2026

Current affairs of 8 May 2026: World Migration Report 2026: India Tops Remittances at $138 bn; International Big Cat Alliance Summit 2026: IBCA Facts; Swasth Bharat Portal: Unified Health Platform Launched in Chandigarh, and 18 more topics. Key facts for every exam, with a quiz.

Take the quiz (15 questions)May 2026
21 TOPICSDaily CurrentAffairs8 May 2026In focus: World Migration Report 2026: India Tops…safalsetu.com

In this issue: 21 topics

National Affairs

  1. World Asthma Day 2026: Theme and GINA Role
  2. Bihar Cabinet clears USD 500 million World Bank urban loan

Government Schemes

  1. Swasth Bharat Portal: Unified Health Platform Launched in Chandigarh

Banking & Finance

  1. Kotak Mahindra Bank cleared to hold 9.99% in AU SFB, Federal Bank
  2. Mythos AI Cyber Risk: DFS Warns Indian Banks
  3. SEBI Cyber-suraksha.ai Task Force Against AI Hacking

Economy

  1. Viability Plan 2.0 for RRBs Cleared by DFS Till FY28
  2. S&P Global Cuts India FY27 GDP Growth Forecast to 6.6%

International Affairs

  1. India-EU EUR 15.2 Million EV Battery Recycling Programme
  2. India-Japan Quantum and Biomedical Research Agreements
  3. Cape Breton University Signs Three MoUs in India
  4. African World Heritage Day 2026: 11th Observance

Agriculture & Rural

  1. Sugarcane FRP 2026-27 Raised to ₹365 per Quintal

Science & Technology

  1. IITM Sets Up India’s First Urban Testbed in Chennai
  2. Skyroot Aerospace Turns India’s First Space-tech Unicorn
  3. IIT Madras Menlo Park Centre: First International Campus in USA

Environment & Ecology

  1. International Big Cat Alliance Summit 2026: IBCA Facts
  2. India’s First Green Methanol Plant at Deendayal Port, Gujarat

Reports & Indexes

  1. World Migration Report 2026: India Tops Remittances at $138 bn

Awards & Persons

  1. Ted Turner Dies at 87: CNN Founder and Media Pioneer
  2. International No Diet Day 2026: Date, Founder and Symbol

National Affairs

Government Schemes

Banking & Finance

Banking & Finance

4. Kotak Mahindra Bank cleared to hold 9.99% in AU SFB, Federal Bank

  • The RBI approved Kotak Mahindra Group holding up to 9.99% of paid-up capital or voting rights in AU SFB and in Federal Bank.
  • The approval letter is dated May 6; 'aggregate holding' includes subsidiaries and funds they manage.
  • Buying 5% or more of a private bank needs prior RBI approval; 10% or more draws tougher review.
  • A 9.99% stake is a strategic minority holding that stays just under the 10% line.
Full notes and 3 MCQs ›
Banking & Finance

5. Mythos AI Cyber Risk: DFS Warns Indian Banks

  • DFS Secretary M. Nagaraju urged banks to embed risk management in their core culture because of Mythos AI.
  • Mythos, built by Anthropic, is an LLM for software engineering and cybersecurity that can find zero-day flaws.
  • It can chain attack steps (up to 32) and write working exploit code within hours.
  • Interconnected systems like UPI and shared vendors raise the risk of cascading failure.
Full notes and 3 MCQs ›

Economy

Economy

8. S&P Global Cuts India FY27 GDP Growth Forecast to 6.6%

  • India's FY27 GDP growth outlook was cut by S&P Global and CRISIL, from 7.1% to 6.6%.
  • The cut was blamed on the West Asia conflict upsetting trade and energy supply chains.
  • Also forecast: faster inflation, a growing current account deficit and a climbing debt-to-GDP ratio.
  • Services sector growth is still expected to be a major economic driver.
Full notes and 3 MCQs ›

International Affairs

Agriculture & Rural

Science & Technology

Environment & Ecology

Environment & Ecology

17. International Big Cat Alliance Summit 2026: IBCA Facts

  • The Union Environment Minister launched the website and logo of the 1st IBCA Summit, planned for 2026 in New Delhi.
  • IBCA was first proposed by India in 2023 and is now a fully operational inter-governmental body headquartered in India.
  • It covers seven cats: tiger, lion, leopard, snow leopard, cheetah, jaguar and puma.
  • The alliance brings together 95 big cat range countries plus partners and scientific organisations.
Full notes and 3 MCQs ›

Reports & Indexes

Economy

19. World Migration Report 2026: India Tops Remittances at $138 bn

  • IOM's World Migration Report 2026 ranks India first in remittances, at $138 billion in 2024.
  • India is the only country ever to cross the $100 billion mark in annual remittances.
  • Inflows grew from $53 billion in 2010; Mexico is second at $68 billion and China third at $48 billion.
  • India has the largest diaspora, about 19 million, and a rising share of high-skilled migrants.
Full notes and 3 MCQs ›

Awards & Persons

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