Daily Current Affairs 29 May 2026
Daily current affairs for 29 May 2026 — 16 verified news items across Sports, National, Economy & more, with exam-angle notes, keywords and practice MCQs.
In this digest · 16 items
Sports
Supreme Court Permits Vinesh Phogat in Asian Games 2026 Trials Amid Doping Test Concerns
The Supreme Court of India has allowed wrestler Vinesh Phogat to participate in the Asian Games 2026 selection trials. This decision came after the Wrestling Federation of India challenged a Delhi High Court order from May 22, which had permitted her participation. The court, led by Justice P.S. Narasimha, acknowledged Phogat's past contributions to Indian wrestling but raised concerns about her missing doping tests. The case highlights the balance between ensuring fair play and recognizing athletes' past achievements.
Source Livemint
Practice MCQs
Q1 Which court allowed Vinesh Phogat to participate in the Asian Games 2026 selection trials?
- ADelhi High Court
- BSupreme CourtCorrect
- CWrestling Federation of India
- DSports Tribunal
Explanation The Supreme Court allowed Vinesh Phogat to participate in the trials.
Q2 What concern did the Supreme Court raise regarding Vinesh Phogat's participation in the trials?
- AHer age
- BHer past injuries
- CMissing doping testsCorrect
- DLack of training
Explanation The Supreme Court raised concerns about Vinesh Phogat missing doping tests.
Jannik Sinner's 30-Match Winning Streak Ends at French Open
Jannik Sinner, the world number one tennis player, was defeated by Juan Manuel Cerundolo in the second round of the French Open. Sinner's impressive 30-match winning streak came to an end under challenging conditions, as he struggled with the sweltering heat and reported feeling dizzy and nauseous during the match. This unexpected loss marks a significant moment in the tournament, highlighting the impact of physical conditions on player performance.
Source The Hindu
Practice MCQs
Q1 Who defeated Jannik Sinner in the second round of the French Open?
- ARafael Nadal
- BNovak Djokovic
- CJuan Manuel CerundoloCorrect
- DRoger Federer
Explanation Jannik Sinner was defeated by Juan Manuel Cerundolo in the second round of the French Open.
Q2 What was Jannik Sinner's winning streak before losing in the French Open?
- A20 matches
- B25 matches
- C30 matchesCorrect
- D35 matches
Explanation Jannik Sinner had a 30-match winning streak before his loss in the French Open.
India Loses 0-2 to Jamaica in Unity Cup 2026 Semi-final
India faced Jamaica in the semi-final of the Unity Cup 2026, held at the Charlton Athletic's home stadium. The match concluded with India losing 0-2 to Jamaica. A key moment in the game occurred in the 78th minute when a Charlton Athletic winger, playing at his home ground, showcased impressive footwork to score a goal, contributing to Jamaica's victory.
Source The Hindu
Practice MCQs
Q1 Which team did India lose to in the semi-final of the Unity Cup 2026?
- ABrazil
- BJamaicaCorrect
- CGermany
- DArgentina
Explanation India lost to Jamaica in the semi-final of the Unity Cup 2026.
Q2 Where was the Unity Cup 2026 semi-final between India and Jamaica held?
- AWembley Stadium
- BOld Trafford
- CCharlton Athletic's home stadiumCorrect
- DAnfield
Explanation The match was held at Charlton Athletic's home stadium.
National
Supreme Court Demands Accountability in NEET Paper Leak Case
The Supreme Court of India, led by Justices P S Narasimha and Alok Aradhe, has called for accountability in the recent NEET paper leak case, describing the situation as 'very traumatic' for students. The court emphasized the importance of preventing such incidents in medical entrance examinations and suggested that the National Testing Agency (NTA) should learn from the Union Public Service Commission (UPSC) in effectively managing examination processes to avoid paper leaks.
Source Livemint
Practice MCQs
Q1 Which body did the Supreme Court suggest the NTA learn from to prevent paper leaks?
- ACBSE
- BUPSCCorrect
- CAICTE
- DUGC
Explanation The Supreme Court suggested that the NTA learn from the UPSC's success in preventing paper leaks.
Q2 Who were the justices involved in the Supreme Court's call for accountability in the NEET paper leak case?
- AJustice R F Nariman and Justice D Y Chandrachud
- BJustice S A Bobde and Justice N V Ramana
- CJustice P S Narasimha and Justice Alok AradheCorrect
- DJustice Indu Malhotra and Justice U U Lalit
Explanation Justices P S Narasimha and Alok Aradhe emphasized the need for accountability in the NEET paper leak case.
Rahul Gandhi Discusses Inflation with Delhi Auto Drivers
Congress leader Rahul Gandhi engaged in a discussion with autorickshaw drivers at Todarmal Park in Bengali Market, Delhi. The focus of the conversation was on issues such as inflation and rising gas prices. During the event, Gandhi donned an auto driver's uniform and interacted with children, taking selfies with them.
Source Livemint
Practice MCQs
Q1 Where did Rahul Gandhi meet with autorickshaw drivers to discuss inflation?
- AConnaught Place
- BTodarmal ParkCorrect
- CIndia Gate
- DRajiv Chowk
Explanation Rahul Gandhi met with autorickshaw drivers at Todarmal Park in Bengali Market, Delhi.
Q2 What attire did Rahul Gandhi wear during his interaction with Delhi auto drivers?
- ATraditional Kurta
- BBusiness Suit
- CAuto Driver's UniformCorrect
- DCasual T-shirt
Explanation Rahul Gandhi was seen wearing an auto driver's uniform during his interaction.
Indian Air Force to Oversee Transport of NEET-UG Re-test Papers
The Indian Air Force is likely to be involved in overseeing the transport of NEET-UG re-test papers. This decision comes after the original examination was cancelled due to an alleged question paper leak. The government is considering this measure to ensure the safe and secure logistics of the examination papers for the re-test.
Source The Hindu
Practice MCQs
Q1 Why is the Indian Air Force likely to oversee the transport of NEET-UG re-test papers?
- ATo ensure the safe transport of examination papers.Correct
- BTo conduct the NEET-UG examination.
- CTo provide air support for examination centers.
- DTo train students for the NEET-UG examination.
Explanation The Indian Air Force is likely to oversee the transport of NEET-UG re-test papers to ensure their safe and secure logistics.
Q2 What prompted the re-test of the NEET-UG examination?
- AA natural disaster.
- BAn alleged question paper leak.Correct
- CA technical glitch in the examination system.
- DA change in examination syllabus.
Explanation The original NEET-UG examination was cancelled due to an alleged question paper leak, prompting a re-test.
Economy
Supreme Court Overturns SEBI's ₹447 Crore Order Against Reliance
The Supreme Court has set aside the Securities and Exchange Board of India's (SEBI) order directing Reliance Industries to disgorge ₹447 crore in a case involving derivatives trading of Reliance Petroleum shares. This decision overturns the earlier findings of the Securities Appellate Tribunal (SAT), which had dismissed Reliance Industries' appeal against SEBI's order. The case dates back to a trading dispute from November 2007. While the Supreme Court overturned the fraud findings, it upheld limited violations related to derivatives trading.
Source The Hindu
Practice MCQs
Q1 What was the amount involved in the SEBI order against Reliance Industries that the Supreme Court set aside?
- A₹447 croreCorrect
- B₹500 crore
- C₹300 crore
- D₹600 crore
Explanation The Supreme Court set aside SEBI's order directing Reliance Industries to disgorge ₹447 crore.
Q2 Which entity's findings did the Supreme Court overturn in the Reliance Petroleum derivatives case?
- ASEBI
- BSATCorrect
- CNCLT
- DCCI
Explanation The Supreme Court overturned the findings of the Securities Appellate Tribunal (SAT) in this case.
Q3 In which year did the trading dispute involving Reliance Petroleum occur?
- A2005
- B2007Correct
- C2010
- D2015
Explanation The trading dispute involving Reliance Petroleum occurred in November 2007.
India Requires 215 Mega Cargo Hubs for 45% Rail Freight by 2047
A report by CII and Knight Frank India highlights the need for 215 mega cargo hubs to enable Indian Railways to handle 45% of the country's freight by 2047. This is part of the National Rail Plan, which aims for Indian Railways to manage approximately 12,649 million metric tonnes of freight annually by that year. The initiative is crucial for enhancing the efficiency and capacity of India's logistics infrastructure.
Source Livemint
Practice MCQs
Q1 According to the report by CII and Knight Frank India, how many mega cargo hubs does India need by 2047?
- A100
- B215Correct
- C300
- D500
Explanation The report states that India needs 215 mega cargo hubs to achieve the freight targets by 2047.
Q2 What percentage of goods does the National Rail Plan aim to move by train by 2047?
- A30%
- B45%Correct
- C60%
- D75%
Explanation The National Rail Plan aims to move 45% of goods by train by 2047.
Supreme Court Upholds 28% Retrospective Tax on Online Gaming Firms
The Supreme Court of India has dismissed petitions from the online gaming industry challenging the government's imposition of a 28% Goods and Services Tax (GST) on online gaming firms. This decision also upholds a retrospective tax demand amounting to ₹1.5 trillion. The ruling is a significant setback for the online gaming sector, which had contested the tax's applicability and its retrospective nature.
Source Livemint
Practice MCQs
Q1 What percentage of GST has the Supreme Court upheld for online gaming firms?
- A18%
- B28%Correct
- C12%
- D5%
Explanation The Supreme Court upheld a 28% GST on online gaming firms.
Q2 What is the amount of the retrospective tax demand upheld by the Supreme Court on online gaming firms?
- A₹1 trillion
- B₹1.5 trillionCorrect
- C₹2 trillion
- D₹500 billion
Explanation The retrospective tax demand upheld by the Supreme Court amounts to ₹1.5 trillion.
Rupee Settles at 95.68 Against US Dollar After Volatile Trading
On May 27, 2026, the Indian rupee experienced fluctuations in its value against the US dollar. It opened at 95.60 at the interbank foreign exchange market, initially rising by 10 paise. However, it fell by 8 paise to 95.78 in early trade before settling on a flat note, up 2 paise at 95.68 by the end of the day. This volatility reflects the dynamic nature of currency markets and the factors influencing exchange rates.
Source The Hindu
Practice MCQs
Q1 What was the closing value of the rupee against the US dollar on May 27, 2026?
- A95.60
- B95.68Correct
- C95.78
- D96.00
Explanation The rupee settled at 95.68 against the US dollar by the end of the day.
Q2 How much did the rupee rise initially against the US dollar on May 27, 2026?
- A8 paise
- B10 paiseCorrect
- C2 paise
- D5 paise
Explanation The rupee initially rose by 10 paise to 95.60 against the US dollar.
FTC Initiates Antitrust Investigation into US Fertilizer Industry
The Federal Trade Commission (FTC) has initiated an antitrust investigation into the rising costs of fertilizer in the United States. This announcement was made by the FTC Chairman, Ferguson, during an event in Texas. The investigation aims to address concerns over potential anti-competitive practices within the fertilizer industry that may be contributing to increased prices.
Source Livemint
Practice MCQs
Q1 What industry is the FTC investigating for antitrust issues?
- APharmaceutical
- BFertilizerCorrect
- CTechnology
- DAutomobile
Explanation The FTC is investigating the fertilizer industry for antitrust issues.
Q2 Who announced the FTC's investigation into the fertilizer industry?
- AFTC Chairman FergusonCorrect
- BUS President
- CSecretary of Agriculture
- DGovernor of Texas
Explanation FTC Chairman Ferguson announced the investigation at an event in Texas.
Jio's Spectrum Dues Decline by 4% to ₹1.04 Trillion in FY26
Reliance Jio's spectrum dues have decreased by 4% to ₹1.04 trillion in the fiscal year 2026. This reduction comes as the company prepares for its initial public offering (IPO). The substantial liability is attributed to Jio's historically aggressive strategy in acquiring telecom spectrum. The decline in dues is a significant financial development for Jio as it moves towards its IPO plans.
Source Livemint
Practice MCQs
Q1 By what percentage did Jio's spectrum dues decline in FY26?
- A2%
- B4%Correct
- C6%
- D8%
Explanation Jio's spectrum dues declined by 4% in FY26.
Q2 What is the amount of Jio's spectrum dues in FY26?
- A₹1.02 trillion
- B₹1.04 trillionCorrect
- C₹1.06 trillion
- D₹1.08 trillion
Explanation Jio's spectrum dues amounted to ₹1.04 trillion in FY26.
Ashok Leyland Expands into ASEAN Amid West Asia Supply Chain Risks
Ashok Leyland, a commercial vehicle manufacturer, is focusing on expanding its operations into Indonesia and other ASEAN markets. This strategic move comes as the company aims to bolster its supply-chain resilience and operational discipline in response to uncertainties in West Asia, which are affecting demand. By targeting overseas growth, Ashok Leyland seeks to mitigate the risks posed by the volatile situation in West Asia.
Source Livemint
Practice MCQs
Q1 Which region is Ashok Leyland expanding into to mitigate supply chain risks?
- AEurope
- BASEANCorrect
- CNorth America
- DAfrica
Explanation Ashok Leyland is expanding into ASEAN markets, including Indonesia, to address supply chain risks.
Q2 What is the primary reason for Ashok Leyland's focus on overseas growth?
- ATo increase domestic sales
- BTo enhance supply-chain resilienceCorrect
- CTo enter the luxury vehicle market
- DTo reduce production costs
Explanation Ashok Leyland is focusing on overseas growth to enhance supply-chain resilience amid West Asia uncertainties.
Reliance Brands Reports 44.6% Revenue Increase in FY26
Reliance Brands, the luxury retail arm of Reliance Retail, reported a significant revenue increase of 44.6% for the fiscal year 2026, reaching ₹3,494 crore. Despite the growth in revenue, the company still recorded a loss of ₹137 crore, although this was an improvement from the ₹279 crore loss in the previous fiscal year, FY25. This indicates a narrowing of losses as the company continues to expand its presence in the premium and luxury fashion market.
Source Livemint
Practice MCQs
Q1 What was the revenue of Reliance Brands in FY26?
- A₹3,494 croreCorrect
- B₹2,500 crore
- C₹4,000 crore
- D₹3,000 crore
Explanation Reliance Brands reported a revenue of ₹3,494 crore in FY26.
Q2 By what percentage did Reliance Brands' revenue increase in FY26?
- A30%
- B44.6%Correct
- C50%
- D60%
Explanation The revenue of Reliance Brands increased by 44.6% in FY26.
Q3 What was the loss reported by Reliance Brands in FY26?
- A₹137 croreCorrect
- B₹200 crore
- C₹279 crore
- D₹100 crore
Explanation Reliance Brands reported a loss of ₹137 crore in FY26.
Science & Tech
Blue Origin Rocket Explodes During Ground Test at Cape Canaveral
A Blue Origin New Glenn rocket exploded during a ground engine test at Cape Canaveral Space Force Station in Florida. This incident represents a significant setback for Jeff Bezos' space company, Blue Origin. Despite the explosion, emergency officials have confirmed that there is no threat from fumes or other potential hazards. Jeff Bezos has stated that the company will rebuild following this incident.
Source Livemint
Practice MCQs
Q1 Where did the Blue Origin New Glenn rocket explosion occur?
- AKennedy Space Center
- BCape Canaveral Space Force StationCorrect
- CVandenberg Space Force Base
- DJohnson Space Center
Explanation The explosion occurred at Cape Canaveral Space Force Station in Florida.
Q2 What was the nature of the Blue Origin incident?
- ASuccessful launch
- BRocket explosion during ground testCorrect
- CSatellite deployment
- DAstronaut training exercise
Explanation The incident was a rocket explosion during a ground engine test.
Meta Introduces Paid Subscriptions for Instagram, Facebook, and WhatsApp
Meta has launched paid subscription services for its platforms Instagram, Facebook, and WhatsApp. The new subscription tiers, named Instagram Plus and Facebook Plus, are priced at $3.99 per month, while WhatsApp Plus is available for $2.99 per month. This move is part of Meta's strategy to offer enhanced features and services to its users through a subscription model.
Source The Hindu
Practice MCQs
Q1 What is the monthly subscription cost for WhatsApp Plus as launched by Meta?
- A$1.99
- B$2.99Correct
- C$3.99
- D$4.99
Explanation WhatsApp Plus is priced at $2.99 per month.
Q2 Which company has launched paid subscription services for Instagram, Facebook, and WhatsApp?
- AGoogle
- BMetaCorrect
- CAmazon
- DMicrosoft
Explanation Meta has launched the paid subscription services.
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