Daily Current Affairs – May 28, 2026

India and Russia are forging new paths in economic partnership. Key areas include energy cooperation, trade, industrial ventures, and critical minerals. Recent high-level meetings focused on strengthening these ties. Discussions covered fossil fuels, LNG, civil nuclear energy, investments, and joint projects. Cooperation in mining and value addition for critical minerals was also highlighted.

A new Index of Industrial Production launches on June 1. The base year shifts to 2022-23. Coverage expands to include minor minerals, rare earths, and waste management. One hundred twenty new items are added, such as CCTV cameras and vaccines. Sixty-four items are removed. This update provides a more comprehensive view of industrial activity.

The cabinet also approved the framing of “Bihar Ryot Land Purchase Policy 2026”, as per which land can be acquired based on mutual talks/coordination/consent from the ryots for various projects of both the central and state governments.

Solicitor General Tushar Mehta, representing the Madhya Pradesh Government, argued that “the manner in which anticipatory bail was obtained creates doubt that the trial Court did not consider the aspect relevant for granting anticipatory bail”

The government's ‘sikyong’, or leader, Penpa Tsering, was elected for a second term, after taking 61% in the preliminary round, a high enough threshold to win outright.

Copper prices dropped to a one-week low on Thursday as renewed Middle East tensions boosted the dollar and oil, sparking inflation and slowdown fears. U.S. strikes targeting an Iranian drone operation in the Strait of Hormuz contributed to market unease. Base metal prices are expected to trade sideways pending a resolution in the region.

ValueQuest's Sameer Shah champions a private equity approach to public markets. He focuses on deep research and conviction in identifying transformative business trends early. Shah highlights manufacturing, defence, AI, aerospace, and energy transition as key themes for the next decade. He believes these sectors offer significant alpha opportunities, often remaining under-owned and under-appreciated by the broader market.

OTP-based login across 30 banks allowed search-based access to names, addresses and account-linked identifiers.

Most foreign investment has come from existing players in the Indian market looking to expand their presence, rather than from new investors, leading to collapse of many partnerships, as foreign investors look for partners offering equal or greater control.

Speaking to The Hindu here on Wednesday, a source from the TN Government said: “The cost of the bid itself is ₹85 crore and add to that the other expenses, it will come to around ₹100 crore. The Government will not want to spend that much amount.”