Banking and RBI
RBI and ECB sign Memorandum of Understanding on central banking cooperation
10 May 2026 | European Central Bank press release
The European Central Bank said on 10 May 2026 that its President Christine Lagarde and RBI Governor Sanjay Malhotra signed a Memorandum of Understanding on cooperation in central banking. The signing took place on the sidelines of the Bank for International Settlements meetings in Basel.
The MoU updates the previous MoU of 2015. It provides a framework for regular exchange of information, policy dialogue and technical cooperation, which may take the form of joint seminars and workshops.
Key facts- Signatories: Christine Lagarde (ECB) and Sanjay Malhotra (RBI)
- Date: 10 May 2026, on the sidelines of BIS meetings in Basel
- Replaces: previous MoU of 2015
- Scope: information exchange, policy dialogue, technical cooperation
Exam takeaway: The Bank for International Settlements (BIS) is the forum of central banks, based in Basel.
Quick revision: RBI-ECB MoU signed 10 May 2026 in Basel; updates 2015 MoU (ECB press release).
European Central Bank press release original sourceGovernment Schemes
PM launches projects worth about Rs 9,400 crore in Hyderabad, including Zaheerabad industrial area and PM MITRA Park in Warangal
10 May 2026 | Press Information Bureau
PIB said that on 10 May 2026 Prime Minister Narendra Modi laid foundation stones, inaugurated and dedicated to the nation development projects worth around Rs 9,400 crore in Hyderabad, Telangana.
The Prime Minister described the Zaheerabad Industrial Area as part of the national mission to develop industrial corridors and as an 'Industrial Smart City'. He said the PM MITRA Park in Warangal will help the textile sector, with units eligible for benefits from Union Government schemes including the PLI scheme.
Key facts- Date: 10 May 2026, Hyderabad, Telangana
- Projects worth: about Rs 9,400 crore
- Zaheerabad Industrial Area: part of the industrial corridors programme
- PM MITRA Park: Warangal; textile sector, PLI benefits
Exam takeaway: PM MITRA stands for Pradhan Mantri Mega Integrated Textile Region and Apparel parks, and is a textile sector scheme.
Quick revision: PM in Hyderabad: Rs 9,400 crore projects; Zaheerabad industrial area; PM MITRA Park Warangal (PIB, 10 May).
Press Information Bureau original sourceNational and International Affairs
C. Joseph Vijay sworn in as Chief Minister of Tamil Nadu
10 May 2026 | The Hindu
The Hindu reported that Tamilaga Vettri Kazhagam (TVK) president C. Joseph Vijay was sworn in as Chief Minister of Tamil Nadu on 10 May 2026 at the Jawaharlal Nehru Indoor Stadium in Chennai.
The report notes the oath was taken in Tamil, and that his core team found a place in the cabinet.
Key facts- Office: Chief Minister of Tamil Nadu
- Sworn in: C. Joseph Vijay (TVK president)
- Date and venue: 10 May 2026, Jawaharlal Nehru Indoor Stadium, Chennai
- Party: Tamilaga Vettri Kazhagam (TVK)
Exam takeaway: A Chief Minister is appointed by the Governor and takes the oath of office of the State.
Quick revision: Tamil Nadu: C. Joseph Vijay (TVK) sworn in as CM on 10 May 2026 (Hindu).
The Hindu original source