Daily Current Affairs – May 5, 2026

Indian pharmaceutical exports reached over $31 billion in FY26. March saw a significant 23% drop, primarily due to a slowdown in the United States and China. However, other markets like Africa and Oceania showed strong growth. Vaccines emerged as the fastest-growing export category. The industry is navigating challenges in key markets while exploring new growth avenues.

RBI cautioned such campaigns can mislead borrowers into believing their obligations can be written off outside formal processes, which could affect repayment behaviour and weaken credit discipline. “Such campaigns not only mislead the general public but also interfere with the orderly functioning of the credit system of the country,” it said.

The BJP is set to form its first government in West Bengal with a landslide victory

Pixxel will design, build, launch, and operate the satellite, and Sarvam will provide the AI backbone

Three Indian nationals sustained injuries after the fire broke out on the Fujairah Petroleum Industries Zone, following a drone attack from Iran, local media reported

BJP’s win in West Bengal triggered a sharp rally in state-linked stocks on hopes of policy reset, but experts caution that sentiment alone won’t drive durable economic gains.

India has issued new hospital fire safety guidelines to address recurring incidents, focusing on ICUs, oxygen zones and electrical risks. The framework mandates non-combustible structures, evacuation protocols, safety officers and drills to improve patient safety and emergency response.

E-truck makers must use domestically produced components from September 2026. Mint explains the potential impact.

With the Asian Games in Aichi-Nagoya, Japan scheduled from September 19-October 4 approaching fast, India’s build-up looks far from convincing

The Young Tigresses lost their opening Group B match to Australia 0-2 and find themselves in a situation where every goal will matter after Japan crushed Lebanon 13-0 to garner three points