Current Affairs for May 5, 2026

World Press Freedom Index 2026: India’s rank fell to 157th out of 180 countries, down from 151st in 2025. Norway maintained its 1st rank, followed by Denmark and Sweden. The index is released by Reporters Without Borders.

New Deputy Governor of RBI: Rohit Jain assumed charge as the new Deputy Governor of the Reserve Bank of India, succeeding T. Rabi Sankar. He was previously serving as an Executive Director at RBI.

India’s First Paperless Judiciary State: Sikkim became the first state in India to adopt a fully paperless judicial system, implementing e-filing and digital case management across all its courts.

Karnataka’s Space Tech COE: The Karnataka government launched India’s first state-led Center of Excellence (COE) for Space Technology in Bengaluru to support startups and research in satellite and communication sectors.

North Tech Symposium 2026: This defense-tech event was organized in Prayag Raj, Uttar Pradesh, where Defense Minister Rajnath Singh highlighted innovations in indigenous military equipment and coordination.

ADB’s $70 Billion Investment Plan: The Asian Development Bank (ADB) announced a $70 billion investment for electricity and digital connectivity projects in the Asia-Pacific region, including the Pan-Asia Power Grid.

Guinness Records in Andaman & Nicobar: Two new world records were set at Swaraj Dweep (Havelock Island): the largest underwater national flag (60x40 meters) and the tallest underwater human stack (22.3 meters).

World's First 'OptoSAR' Satellite: Bengaluru-based startup GalaxEye developed 'Mission Drishti', the world’s first satellite to combine Optical and Synthetic Aperture Radar (SAR) technologies. It was launched via a SpaceX Falcon 9 rocket.

India’s First Pearl Farming Cluster: Hazaribagh, Jharkhand, has been officially declared as India’s first specialized pearl farming cluster under the Pradhan Mantri Matsya Sampada Yojana.

Five State Election Results: Assembly election results were declared for West Bengal, Assam, Kerala, Tamil Nadu, and Puducherry. Final party tallies and government formations are being finalized across these regions.

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