Daily Current Affairs 30 May 2026
Daily current affairs for 30 May 2026 — 18 verified news items across Economy, National, Government Schemes & more, with exam-angle notes, keywords and…
In this digest · 18 items
Economy
SEBI imposes ₹29 crore penalty on Suzlon Energy for financial misrepresentation
The Securities and Exchange Board of India (SEBI) has imposed a penalty of approximately ₹29 crore on Suzlon Energy and its former executives for financial misrepresentation. SEBI found that Suzlon structured transactions between its subsidiaries to artificially inflate profits, net worth, and investor perception, despite the transactions lacking genuine economic substance. This action highlights SEBI's crackdown on accounting fraud in corporate India.
Source Livemint
Practice MCQs
Q1 What was the main reason SEBI imposed a penalty on Suzlon Energy?
- AFor environmental violations
- BFor financial misrepresentation by structuring transactionsCorrect
- CFor insider trading
- DFor delaying financial reports
Explanation SEBI penalized Suzlon Energy for structuring transactions between subsidiaries to artificially inflate profits and net worth, which is financial misrepresentation.
Q2 Approximately how much penalty did SEBI impose on Suzlon Energy for accounting fraud?
- A₹10 crore
- B₹28.6 croreCorrect
- C₹50 crore
- D₹100 crore
Explanation SEBI imposed a penalty of around ₹29 crore (₹28.6 crore reported) on Suzlon Energy for accounting fraud.
Q3 What did SEBI find lacking in Suzlon Energy's transactions between subsidiaries?
- AProper documentation
- BGenuine economic substanceCorrect
- CGovernment approval
- DShareholder consent
Explanation SEBI found that the transactions lacked genuine economic substance despite inflating profits and net worth.
Government Exempts Import Duty on Cotton Till October 30, 2026
The Government of India has exempted import duty on cotton until October 30, 2026. This suspension of import duty aims to increase the availability of cotton for the Indian textile sector, supporting the industry by making raw materials more accessible and affordable.
Source The Hindu
Practice MCQs
Q1 Until when has the Government of India exempted import duty on cotton?
- AOctober 30, 2026Correct
- BDecember 31, 2026
- CJune 30, 2026
- DMarch 31, 2027
Explanation The government has exempted import duty on cotton till October 30, 2026.
Q2 What is the main purpose of exempting import duty on cotton?
- ATo increase cotton exports
- BTo increase availability of cotton for the textile sectorCorrect
- CTo reduce cotton production
- DTo promote synthetic fibers
Explanation The duty exemption aims to increase the availability of cotton for the Indian textile sector.
Q3 Which sector benefits directly from the import duty exemption on cotton?
- AAutomobile sector
- BTextile sectorCorrect
- CPharmaceutical sector
- DInformation Technology sector
Explanation The Indian textile sector benefits from the increased availability of cotton due to the duty exemption.
IndiGo Reports ₹2,393.6 Crore Loss in FY26 Due to Rupee Depreciation
IndiGo Airlines reported a loss of ₹2,393.6 crore in the fiscal year 2026, marking its first loss since FY23. The primary reason for the loss was an 11% depreciation of the Indian rupee, which increased the cost of dollar-denominated aircraft leases. Additionally, the airline faced challenges from weak demand, falling load factors, and rising fuel costs, although its revenues saw modest growth during the period.
Source Livemint
Practice MCQs
Q1 What was the primary cause of IndiGo's ₹2,393.6 crore loss in FY26?
- A11% depreciation of the Indian rupee increasing dollar-denominated lease costsCorrect
- BDecrease in passenger demand due to COVID-19
- CIncrease in domestic competition from other airlines
- DGovernment-imposed restrictions on flights
Explanation The loss was mainly due to an 11% depreciation of the rupee, which inflated dollar-denominated lease costs.
Q2 Which of the following factors compounded IndiGo's financial losses in FY26?
- AWeak demand and falling load factorsCorrect
- BIncrease in government subsidies
- CReduction in fuel costs
- DSurge in international travel
Explanation Weak demand, falling load factors, and rising fuel costs compounded the financial losses.
Q3 How did IndiGo's revenues perform in FY26 despite the losses?
- ARevenues grew modestlyCorrect
- BRevenues declined sharply
- CRevenues remained stagnant
- DRevenues doubled
Explanation Despite the losses, IndiGo's revenues grew modestly in FY26.
Indian Rupee Strengthens to Close at 94.85 Against US Dollar
On May 29, 2026, the Indian rupee showed significant appreciation against the US dollar in the interbank foreign exchange market. The rupee opened at 95.77, reached an intraday high of 94.97, and closed stronger at 94.85, marking a rise of 73 paise. Earlier in the day, it had risen by 5 paise to 95.53 in early trade. Meanwhile, the US dollar index, which measures the dollar's strength against six major currencies, was trading slightly higher at 99.09, up by 0.07%.
Source The Hindu
Practice MCQs
Q1 What was the closing exchange rate of the Indian rupee against the US dollar on May 29, 2026?
- A95.77
- B94.85Correct
- C95.53
- D94.97
Explanation The rupee closed at 94.85 against the US dollar, marking a rise of 73 paise on May 29, 2026.
Q2 What was the intraday high of the Indian rupee against the US dollar on May 29, 2026?
- A95.78
- B95.53
- C94.97Correct
- D94.85
Explanation The intraday high of the rupee against the US dollar was 94.97 on May 29, 2026.
Q3 How did the US dollar index perform on May 29, 2026?
- AIt fell by 0.07%
- BIt rose by 0.07%Correct
- CIt remained unchanged
- DIt rose by 0.73%
Explanation The US dollar index was trading at 99.09, up by 0.07% on May 29, 2026.
National
Multi-storey Building Collapses in Delhi's Saket, Several Feared Trapped
A multi-storey building in Delhi's Saket area collapsed while construction work was ongoing on the upper floors. The ground floor housed a coaching institute. The collapse also affected an adjacent tin-shed canteen where children were having dinner, raising fears that many, including students and children, are trapped under the debris. Rescue operations are underway to locate and assist those trapped.
Source Livemint
Practice MCQs
Q1 What was located on the ground floor of the collapsed building in Delhi's Saket?
- AA coaching instituteCorrect
- BA residential apartment
- CA shopping mall
- DA government office
Explanation The ground floor of the collapsed building housed a coaching institute, as reported.
Q2 Who were feared trapped under the debris besides the students in the collapsed Saket building?
- AWorkers from the construction site
- BChildren in an adjacent tin-shed canteenCorrect
- CResidents of nearby apartments
- DShopkeepers from a nearby market
Explanation The building collapse affected an adjacent tin-shed canteen where children were having dinner, and they are feared trapped.
Q3 What activity was taking place on the upper floors of the building at the time of collapse?
- ARenovation work
- BConstruction workCorrect
- CPainting work
- DNo activity
Explanation Construction work was underway on the upper floors when the building collapsed.
NTA Revises CUET-UG 2026 Timings After Technical Glitch Causes Delays
The National Testing Agency (NTA) faced a technical glitch during the CUET-UG 2026 examination at some centres, causing delays. The issue has been resolved, and the NTA has revised the exam timings accordingly. To ensure fairness, the examination is being conducted with full compensatory time so that no candidate is disadvantaged.
Source Livemint
Practice MCQs
Q1 What action did the NTA take after the technical glitch during CUET-UG 2026?
- ACancelled the examination at affected centres
- BRevised the exam timings and provided compensatory timeCorrect
- CPostponed the entire CUET-UG 2026 exam
- DReduced the exam duration for all candidates
Explanation NTA revised the exam timings and provided full compensatory time to ensure no candidate was disadvantaged after the technical glitch.
Q2 What was the cause of delays at some CUET-UG 2026 examination centres?
- APower outage
- BTechnical glitchCorrect
- CWeather conditions
- DStaff shortage
Explanation The delays at some centres were caused by a technical glitch, as stated by the NTA.
Q3 Which agency is responsible for conducting the CUET-UG 2026 examination?
- ACBSE
- BNTACorrect
- CUGC
- DAICTE
Explanation The National Testing Agency (NTA) is responsible for conducting the CUET-UG 2026 examination.
Supreme Court Sets Aside SEBI ₹447 Crore Disgorgement Order in Reliance Petroleum Case
The Supreme Court overturned the Securities Appellate Tribunal's fraud findings but upheld limited derivatives violations in the long-running 2007 trading dispute involving Reliance Industries and Reliance Petroleum. The court set aside SEBI's ₹447 crore disgorgement order related to the case.
Source Livemint
Practice MCQs
Q1 What was the Supreme Court's decision regarding SEBI's ₹447 crore disgorgement order in the Reliance Petroleum case?
- AThe court upheld the disgorgement order in full
- BThe court set aside the disgorgement orderCorrect
- CThe court increased the disgorgement amount
- DThe court referred the case back to SEBI
Explanation The Supreme Court set aside SEBI's ₹447 crore disgorgement order in the Reliance Petroleum derivatives case.
Q2 Which findings did the Supreme Court overturn in the Reliance Petroleum derivatives case?
- ADerivatives violations
- BFraud findings by the Securities Appellate TribunalCorrect
- CAll SEBI orders
- DNo findings were overturned
Explanation The Supreme Court overturned the Securities Appellate Tribunal's fraud findings but upheld limited derivatives violations.
Q3 The 2007 trading dispute involving Reliance Industries and Reliance Petroleum primarily concerned which type of violation?
- ATax evasion
- BDerivatives violationsCorrect
- CInsider trading
- DMoney laundering
Explanation The dispute involved limited derivatives violations as upheld by the Supreme Court.
CCPA Fines Vajiram & Ravi ₹7 Lakh for Misleading UPSC Success Claims
The Central Consumer Protection Authority (CCPA) imposed a fine of ₹7 lakh on Vajiram & Ravi for making misleading claims regarding UPSC success. The coaching institute had cited candidates as successful UPSC aspirants, but most of these candidates had only enrolled in a free interview guidance program, not the full-length coaching courses. This practice misled consumers into believing that these candidates were products of the institute's comprehensive coaching.
Source Livemint
Practice MCQs
Q1 Why did the CCPA fine Vajiram & Ravi ₹7 lakh?
- AFor charging excessive fees for UPSC coaching
- BFor misleading claims about UPSC success of their candidatesCorrect
- CFor not providing interview guidance programs
- DFor unauthorized advertisement of UPSC results
Explanation The CCPA fined Vajiram & Ravi ₹7 lakh for making misleading claims about UPSC success, as most cited candidates had only enrolled in a free interview guidance program.
Q2 What was misleading about Vajiram & Ravi's UPSC success claims?
- AThey claimed candidates passed without any coaching
- BThey claimed candidates were products of full-length coaching courses while most had only enrolled in free interview guidanceCorrect
- CThey claimed to have the highest number of UPSC toppers in India
- DThey claimed to offer free coaching to all candidates
Explanation The institute misled consumers by suggesting candidates were products of full-length coaching courses, whereas most had only enrolled in a free interview guidance program.
Q3 Which authority imposed the fine on Vajiram & Ravi?
- AUPSC
- BCCPACorrect
- CConsumer Court
- DEducation Ministry
Explanation The Central Consumer Protection Authority (CCPA) imposed the ₹7 lakh fine on Vajiram & Ravi.
Government Schemes
CEC Gyanesh Kumar Emphasizes Fair Electoral Rolls for Fair Polls
Chief Election Commissioner Gyanesh Kumar highlighted the importance of maintaining fair electoral rolls to ensure fair elections. Speaking at a conference focused on strengthening the Election Commission's legal framework and strategy, he praised the crucial role played by Booth Level Officers and Booth Level Agents in managing electoral rolls effectively. The emphasis on special intensive revision of electoral rolls aims to uphold the integrity of the electoral process.
Source The Hindu
Practice MCQs
Q1 What did Chief Election Commissioner Gyanesh Kumar emphasize as crucial for fair elections?
- AFair electoral rollsCorrect
- BElectronic voting machines
- CVoter awareness campaigns
- DPolling booth security
Explanation CEC Gyanesh Kumar emphasized that fair electoral rolls lead to fair polls.
Q2 Who did the CEC praise for their role in electoral roll management?
- APolling officers and security personnel
- BBooth Level Officers and Booth Level AgentsCorrect
- CPolitical party representatives
- DElection observers
Explanation The CEC hailed the role of Booth Level Officers and Booth Level Agents in managing electoral rolls.
Q3 At what kind of event did CEC Gyanesh Kumar make his remarks?
- AA conference on strengthening EC's legal framework and strategyCorrect
- BA political party meeting
- CA voter education workshop
- DA parliamentary session
Explanation The CEC was attending a conference aimed at strengthening the Election Commission's legal framework and strategy.
Sports
12-Year-Old Pooja Singh Breaks 14-Year-Old High Jump National Record
At the Asian U20 Athletics Championships, 12-year-old Pooja Singh broke a 14-year-old senior national high jump record. Pooja, who is also the current Asian champion, had previously won the women's high jump gold at the Asian Championships in South Korea last year with a 1.89m jump. Her record-breaking performance at the U20 event highlights her exceptional talent and rising prominence in Indian athletics.
Source The Hindu
Practice MCQs
Q1 Who broke the 14-year-old senior national high jump record at the Asian U20 Athletics Championships?
- APooja SinghCorrect
- BNeeraj Chopra
- CHima Das
- DDutee Chand
Explanation Pooja Singh broke the 14-year-old senior national high jump record at the Asian U20 Athletics Championships.
Q2 At what age did Pooja Singh break the senior national high jump record?
- A12 yearsCorrect
- B14 years
- C16 years
- D18 years
Explanation Pooja Singh was 12 years old when she broke the senior national high jump record.
Q3 Where did Pooja Singh win the women's high jump gold before breaking the national record?
- AAsian Championships in South KoreaCorrect
- BCommonwealth Games
- COlympics
- DWorld Championships
Explanation Pooja Singh won the women's high jump gold at the Asian Championships held in South Korea.
Lionel Messi Included in Argentina Squad for FIFA World Cup 2026
Lionel Messi has been named in Argentina's squad for the FIFA World Cup 2026, marking his record sixth World Cup appearance. He previously played in the 2006, 2010, 2015, 2018, and 2022 tournaments. Argentina's coach Scaloni has addressed and calmed concerns regarding Messi's injury status ahead of the tournament.
Source The Hindu
Practice MCQs
Q1 How many FIFA World Cups has Lionel Messi participated in including the 2026 tournament?
- AFour
- BFive
- CSixCorrect
- DSeven
Explanation Messi will be playing in his sixth World Cup in 2026, having previously participated in 2006, 2010, 2015, 2018, and 2022.
Q2 Who is the coach of Argentina who addressed injury concerns about Lionel Messi before the 2026 World Cup?
- ADiego Maradona
- BLionel ScaloniCorrect
- CJorge Sampaoli
- DAlejandro Sabella
Explanation Coach Lionel Scaloni calmed injury fears regarding Messi ahead of the FIFA World Cup 2026.
Q3 Which of the following World Cups did Lionel Messi NOT participate in before 2026?
- AGermany 2006
- BSouth Africa 2010
- CBrazil 2015
- DFrance 1998Correct
Explanation Messi participated in the 2006, 2010, 2015, 2018, and 2022 World Cups, but not in France 1998.
Liverpool sacks Arne Slot after underwhelming season a year post championship
Liverpool Football Club has sacked manager Arne Slot a year after winning the championship. The decision follows an underwhelming season performance. The club has announced that the process to appoint a successor is underway, with media reports linking Andoni Iraola as a potential candidate for the managerial role.
Source The Hindu
Practice MCQs
Q1 Why was Liverpool's manager Arne Slot sacked?
- ADue to an underwhelming seasonCorrect
- BAfter winning the championship
- CBecause of disciplinary issues
- DTo appoint a player-manager
Explanation Arne Slot was sacked following an underwhelming season, despite winning the championship the previous year.
Q2 Who is reportedly linked as a potential successor to Arne Slot at Liverpool?
- APep Guardiola
- BAndoni IraolaCorrect
- CJurgen Klopp
- DZinedine Zidane
Explanation Media reports link Andoni Iraola as a potential candidate to succeed Arne Slot as Liverpool's manager.
Q3 How long after winning the championship was Arne Slot sacked by Liverpool?
- ASix months
- BOne yearCorrect
- CTwo years
- DThree years
Explanation Arne Slot was sacked a year after winning the championship with Liverpool.
Vinesh Loses in Wrestling Trials, Misses Asian Games Spot
Star wrestler Vinesh, making a comeback nearly two years after the Paris Olympics, lost in the 53kg category semifinals at the Asian Games trials to Meenakshi. Despite being cleared to participate in the trials after earlier being barred from an open ranking tournament, Vinesh's comeback dreams ended as she failed to secure a spot. Other wrestlers like Dipanshee, Antim, Manisha, Mansi, Nisha, and Priya qualified for the continental event.
Source The Hindu
Practice MCQs
Q1 Who defeated Vinesh in the 53kg category semifinals at the Asian Games wrestling trials?
- ADipanshee
- BMeenakshiCorrect
- CAntim
- DManisha
Explanation Vinesh lost to Meenakshi in the 53kg category semifinals at the Asian Games wrestling trials.
Q2 Which event was Vinesh attempting a comeback for after nearly two years?
- ACommonwealth Games
- BAsian GamesCorrect
- COlympics
- DWorld Championships
Explanation Vinesh was competing in the Asian Games wrestling trials as part of her comeback.
Q3 Which of the following wrestlers secured their spots for the Asian Games along with others?
- AVinesh
- BMeenakshi
- CDipansheeCorrect
- DVinesh and Meenakshi
Explanation Dipanshee, Antim, Manisha, Mansi, Nisha, and Priya claimed their spots for the Asian Games, while Vinesh lost in the trials.
Science & Tech
Blue Origin's New Glenn Rocket Explodes During Prelaunch Engine Test in Florida
Blue Origin's New Glenn rocket exploded on the launch pad in Florida during a prelaunch engine-firing test. Emergency officials confirmed that there was no threat from fumes or other potential hazards following the explosion. The incident occurred as part of the preparations for the rocket's upcoming launch.
Source The Hindu
Practice MCQs
Q1 What caused the Blue Origin New Glenn rocket to explode in Florida?
- ADuring a prelaunch engine-firing testCorrect
- BDuring an actual launch
- CDue to a collision with another rocket
- DBecause of a fuel leak during transportation
Explanation The rocket exploded during a prelaunch engine-firing test as reported by both sources.
Q2 What did emergency officials say about the hazards following the Blue Origin rocket explosion?
- AThere was no threat from fumes or other hazardsCorrect
- BThere was a significant threat from toxic fumes
- CThe area was evacuated due to radiation
- DFirefighters were unable to control the fire
Explanation Emergency officials confirmed there was no threat from fumes or other potential hazards after the explosion.
Q3 Where did the Blue Origin New Glenn rocket explosion occur?
- AFloridaCorrect
- BTexas
- CCalifornia
- DNew Mexico
Explanation The explosion took place on the launch pad in Florida.
Tamil Nadu
Congress Breaks Ties with DMK and Joins TVK Alliance in Tamil Nadu
In a significant political development in Tamil Nadu, the Congress party has officially ended its alliance with the Dravida Munnetra Kazhagam (DMK) and joined the Tamil Vikatan Katchi (TVK) alliance. This move marks a major shift in the state's political landscape ahead of upcoming elections. The decision was confirmed in May 2026 and is expected to impact the candidate lists and electoral strategies of the involved parties.
Source The Hindu
Practice MCQs
Q1 Which political party did Congress break ties with in Tamil Nadu in May 2026?
- ADravida Munnetra Kazhagam (DMK)Correct
- BTamil Vikatan Katchi (TVK)
- CBharatiya Janata Party (BJP)
- DAll India Anna Dravida Munnetra Kazhagam (AIADMK)
Explanation Congress officially ended its alliance with the Dravida Munnetra Kazhagam (DMK) in Tamil Nadu in May 2026.
Q2 After breaking ties with DMK, which alliance did Congress join in Tamil Nadu?
- ATamil Vikatan Katchi (TVK) allianceCorrect
- BBharatiya Janata Party (BJP) alliance
- CAll India Anna Dravida Munnetra Kazhagam (AIADMK) alliance
- DNo alliance
Explanation Congress joined the Tamil Vikatan Katchi (TVK) alliance after breaking ties with DMK.
Q3 What is the significance of Congress joining the TVK alliance in Tamil Nadu?
- AIt marks a major political realignment ahead of electionsCorrect
- BIt ends the BJP's dominance in the state
- CIt leads to the formation of a new government immediately
- DIt dissolves the DMK party
Explanation Congress joining the TVK alliance represents a major political realignment ahead of upcoming elections in Tamil Nadu.
International
SEC Proposes Repeal of Rule Mandating Climate Risk and Emissions Reporting
The U.S. Securities and Exchange Commission (SEC) has moved to repeal a rule that requires companies to report their greenhouse gas emissions and climate-related risks. This decision marks a significant shift in regulatory requirements for corporate environmental disclosures. The repeal aims to change the existing framework that mandates transparency on climate impact and risks faced by companies.
Source Livemint
Practice MCQs
Q1 What recent action has the SEC taken regarding corporate environmental disclosures?
- AIntroduced a new rule requiring emissions reporting
- BMoved to repeal the rule requiring greenhouse gas emissions and climate risk reportingCorrect
- CIncreased penalties for non-compliance with climate risk disclosures
- DMandated all companies to report on renewable energy usage
Explanation The SEC has moved to repeal the existing rule that requires companies to report greenhouse gas emissions and climate risk.
Q2 What does the repealed SEC rule require companies to report?
- AFinancial earnings and tax details
- BGreenhouse gas emissions and climate-related risksCorrect
- CEmployee diversity statistics
- DProduct safety and quality metrics
Explanation The rule requires companies to report their greenhouse gas emissions and climate-related risks.
Defence
India Signs BrahMos Missile Deal with Vietnam, Nears Pact with Indonesia
India has signed a deal to supply BrahMos missiles to Vietnam and is close to finalizing a similar agreement with Indonesia. Defence Secretary Rajesh Kumar Singh highlighted India's strong commitment to its ASEAN partners, reflecting New Delhi's strategic focus on strengthening defense ties within the region.
Source Livemint
Practice MCQs
Q1 Which missile deal has India signed with Vietnam as per the recent news?
- AAgni missile deal
- BBrahMos missile dealCorrect
- CPrithvi missile deal
- DNirbhay missile deal
Explanation India has signed a BrahMos missile deal with Vietnam.
Q2 Who emphasized India's dedication to ASEAN partners in the recent defense deal announcement?
- ADefence Minister Rajnath Singh
- BPrime Minister Narendra Modi
- CDefence Secretary Rajesh Kumar SinghCorrect
- DForeign Secretary Harsh Vardhan Shringla
Explanation Defence Secretary Rajesh Kumar Singh emphasized India's dedication to ASEAN partners.
Q3 Besides Vietnam, which other country is India nearing a defense pact with according to the news?
- AThailand
- BMalaysia
- CIndonesiaCorrect
- DPhilippines
Explanation India is nearing a defense pact with Indonesia.
AUKUS Partners Collaborate on Autonomous Undersea Vehicles
The AUKUS partners—Australia, the United Kingdom, and the United States—are collaborating to deploy autonomous undersea vehicles. British Defence Secretary John Healey highlighted that these unmanned vessels will significantly enhance the collective capability of the three nations to intercept threats in the Indo-Pacific region.
Source Livemint
Practice MCQs
Q1 What is the primary purpose of the autonomous undersea vehicles being deployed by AUKUS partners?
- ATo conduct scientific research in the Indo-Pacific
- BTo bolster collective capability to intercept hostilitiesCorrect
- CTo improve commercial underwater communication
- DTo explore underwater mineral resources
Explanation British Defence Secretary John Healey stated that deploying these unmanned undersea vessels will significantly bolster the collective capability of all three partners to intercept hostilities.
Q2 Which countries are involved in the AUKUS partnership collaborating on autonomous undersea vehicles?
- AAustralia, United Kingdom, United StatesCorrect
- BAustralia, India, United States
- CUnited Kingdom, Canada, United States
- DAustralia, Japan, United Kingdom
Explanation The AUKUS partners are Australia, the United Kingdom, and the United States.
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