UPSC Current Affairs 06 May 2026

 
Contents
1. Supreme Court (Number of Judges) Amendment Bill, 2026
2. Emergency Credit Line Guarantee Scheme (ECLGS) 5.0
3. Fair and Remunerative Price (FRP)
4. Brain-Computer Interface (BCI)-Conference
5. Regional Rural Banks (RRBs)
6. Eklavya Model Residential Schools
7. Central Prabhari Officer (CPO) Portal
8. Electronic Gold Receipts
9. Asian Development Bank
10. Notice to Airmen (NOTAM)
 
 
Supreme Court (Number of Judges) Amendment Bill, 2026
 
Why in News?
The Supreme Court (Number of Judges) Amendment Bill, 2026 was approved by the Union Cabinet on May 5, 2026. The bill proposes to increase the sanctioned strength of the Supreme Court to ensure faster delivery of justice and handle the massive backlog of cases.
 

Key Highlights of the Bill
  • Increase in Judges: The sanctioned strength will increase by 4 judges.
  • New Total Strength: The number will rise from 33 to 37 judges (excluding the Chief Justice of India).
  • Including the CJI: With the Chief Justice of India, the total maximum strength will be 38 judges.
  • Constitutional Basis: The bill exercises powers under Article 124(1), which allows Parliament to prescribe the number of judges.
  • Funding: Salaries and infrastructure for the new judges will be funded by the Consolidated Fund of India.
Expected Impact
  • Faster Justice: More judges will allow for more benches to function simultaneously.
  • Case Clearance: Aims to reduce the "crisis of pendency" currently plaguing the apex court.
  • Constitution Benches: Additional strength provides flexibility to form more Constitution Benches for critical legal questions.
  • Administrative Efficiency: Helps the court manage the heavy workload without compromising on the depth of hearings.
Historical Context of Strength Increases
Year Sanctioned Strength (Excluding CJI) Total (Including CJI)
1950 7 8
1956 10 11
1960 13 14
1977 17 18
1986 25 26
2009 30 31
2019 33 34
2026 (Proposed) 37 38
 
Current Status
  • Pending Vacancies: There are currently two existing vacancies in the Supreme Court.
  • Upcoming Retirements: Five judges are scheduled to retire by the end of 2026, making the new appointments even more critical for maintaining working strength.
  • Next Steps: The Bill will be introduced in the upcoming session of Parliament for discussion and passing.
  • The Union Cabinet, chaired by Prime Minister Narendra Modi, cleared the proposal to amend the Supreme Court (Number of Judges) Act, 1956. This move follows reports of over 92,000 pending cases and is the first such increase in judicial strength in seven years.
 
 
 
Emergency Credit Line Guarantee Scheme (ECLGS) 5.0
 
Why in News?
The Emergency Credit Line Guarantee Scheme (ECLGS) 5.0 was approved by the Union Cabinet on May 5, 2026. This latest version is a strategic intervention designed to help Indian businesses navigate the economic disruptions caused by the ongoing West Asia crisis.
 

Guarantee Coverage
  • MSMEs: 100% credit guarantee coverage.
  • Non-MSMEs & Airlines: 90% credit guarantee coverage.
  • Guarantor: The National Credit Guarantee Trustee Company Limited (NCGTC) provides these guarantees to banks and financial institutions.
Eligibility Criteria
  • Target Group: MSMEs, non-MSME business enterprises, and scheduled passenger airlines.
  • Account Status: Borrowers must have "Standard" accounts as of March 31, 2026.
  • Prerequisite: Must have existing working capital limits or outstanding credit facilities with a lender.
Loan Quantum & Limits
  • General Sectors: Additional credit up to 20% of peak working capital utilised during Q4 of FY 2025–26 (capped at β‚Ή100 crore).
  • Airlines: Additional credit up to 100% of outstanding credit (capped at β‚Ή1,500 crore per borrower).
Tenor and Repayment
  • MSMEs / non-MSMEs: 5-year loan tenor, including a 1-year moratorium on principal repayment.
  • Aviation Sector: 7-year loan tenor, including a 2-year moratorium.
  • Fees: Zero guarantee fee is charged by the NCGTC, making the credit more affordable.
Timeline
  • The scheme is applicable for all loans sanctioned from the date of guidelines issuance until March 31, 2027.
Expected Impact
  • Job Protection: By providing timely liquidity, the government aims to prevent distress closures and job losses.
  • Supply Chain Stability: Ensures that domestic production remains uninterrupted despite global volatility.
  • Sector-Specific Relief: Targeted support for the aviation industry, which is highly sensitive to external fuel price shocks.
 
 
 
Fair and Remunerative Price (FRP)
 
Why in News?
The Fair and Remunerative Price (FRP) was in the news because the Announced by the Cabinet Committee on Economic Affairs (CCEA), chaired by the Prime Minister, approved an increase in the FRP of sugarcane for the 2026–27 sugar season on May 5, 2026.
 

How it is Determined?
  • Recommendation: Based on reports from the Commission for Agricultural Costs and Prices (CACP).
  • Legal Basis: Governed by the Sugarcane (Control) Order, 1966, issued under the Essential Commodities Act (ECA), 1955.
Factors Considered
  • Production Cost: Includes seeds, fertilizers, and labour.
  • Alternate Crops: Trends in prices of other agricultural commodities.
  • Consumer Interest: Ensuring sugar remains affordable for the public.
  • By-products: Revenue from molasses, bagasse, and press mud.
  • Farmer Margin: Reasonable profit and risk margins for growers.
Payment Rules
  • 14-Day Rule: Mills must pay farmers within 14 days of cane delivery.
  • Interest: Delays can attract interest of up to 15% per annum.
  • Default Penalty: Unpaid dues can be recovered by the government by attaching mill properties.
FRP vs. SAP
  • FRP: The Central Government's minimum price applicable nationwide.
  • SAP (State Advised Price): Some states (like UP, Punjab, Haryana) fix their own price, which is generally higher than the FRP.
  • Mill Liability: Mills in these states must pay the higher SAP to farmers.
 
 
 
Brain-Computer Interface (BCI)-Conference
 
Why in News?
A conference titled "Brain-Computer Interface (BCI): Expanding Neural Frontiers and its Strategic Implications" was inaugurated on May 5, 2026, in New Delhi, India. This event has drawn significant attention because it explores the transition of BCI from a medical tool to a strategic asset for national security and future warfare.
 

Core Concept
  • Direct Link: BCIs create a communication pathway between the brain's electrical activity and an external device (computer, robotic arm, etc.).
  • Bypassing Movement: It allows individuals to perform actions using thoughts alone, skipping the need for muscle or nerve involvement.
Types of BCIs
  • Invasive: Electrodes are surgically implanted into the brain tissue. They provide high-quality signals but carry surgical risks.
  • Non-Invasive: Sensors are worn on the scalp (like EEG headsets). These are safer and easier to use but have lower signal precision.
  • Semi-Invasive: Placed on the surface of the brain (under the skull). These balance signal quality and safety.
Emerging Applications
  • Medical: Restoring speech for ALS patients and motor function for those with paralysis.
  • Military: Hands-free drone control, enhanced situational awareness, and cognitive performance monitoring.
  • Consumer: Neuro-gaming, mental health monitoring (insomnia/depression), and "mind writing."
Major Global Players & Milestones
  • Neuralink (USA): Elon Musk’s firm recently demonstrated a patient using an implant to control a computer and drive sounds.
  • China: Setting a 2027 goal for tech breakthroughs; already testing semi-invasive systems like "Beinao-1" in clinical patients.
  • India: Actively exploring the "Expanding Neural Frontiers" through military-industrial partnerships.
Challenges and Ethics
  • Neuro-Security: The risk of brain activity data being hacked or misused.
  • Privacy: "Mind reading" concerns—protecting private thoughts vs. intentional commands.
  • Safety: Risks of infection, seizures, or long-term brain tissue damage from implants.
 
 
 
Regional Rural Banks (RRBs)
 
Why in News?
The Department of Financial Services (DFS) recently approved a revised three-year roadmap (2025-26 to 2027-28). It focuses on 30 performance parameters, including digital adoption and asset quality, to ensure RRBs remain competitive.
 

Origin & Objective
  • Established: October 2, 1975, based on the recommendations of the Narasimham Committee.
  • Statutory Basis: Governed by the Regional Rural Banks Act, 1976.
  • Core Purpose: To provide institutional credit to small/marginal farmers, agricultural labourers, and rural artisans who were previously dependent on informal moneylenders.
Ownership Structure
RRBs have a unique triple-ownership model:
  • Central Government: 50% share
  • Sponsor Bank (Public Sector Bank): 35% share
  • State Government: 15% share
Key Operational Mandates
  • Priority Sector Lending (PSL): RRBs must allocate 75% of their total credit to priority sectors (vs. 40% for commercial banks).
  • Regulation & Supervision: They are regulated by the Reserve Bank of India (RBI) and supervised by NABARD.
  • Reach: They operate through over 22,000 branches across 700+ districts, with 92% of branches in rural or semi-urban areas.
Recent Regulatory Changes
  • Stressed Assets: New RBI directions effective July 1, 2026, revise how RRBs classify and provision for restructured or calamity-affected loans.
  • Digital Channels: A new framework mandates RRBs to introduce and operate full-fledged internet and mobile banking services with standardized cybersecurity protocols.
  • Unified Branding: A new unified logo was unveiled in late 2025 to create a single brand identity for all RRBs nationwide.
 
 
 
Eklavya Model Residential Schools
 
Why in News?
In a high-level review on May 5, 2026, the Union Minister of Tribal Affairs confirmed that 728 EMRSs have now been sanctioned, with 499 schools already functional across India.
 

Core Objective
  • Focus: Provide high-quality middle and high-level education to Scheduled Tribe (ST) students in remote areas.
  • Parity: Developed to be on par with Navodaya Vidyalayas and Kendriya Vidyalayas.
  • Holistic Growth: Emphasis on academic excellence, sports, and preserving local tribal art and culture.
Key Features
  • Curriculum: Follows the CBSE curriculum with English as the medium of instruction.
  • Capacity: Each school accommodates 480 students (equal number of boys and girls) from Class VI to XII.
  • Facilities: Fully residential campuses typically spread over 15 acres, featuring labs, hostels, playgrounds, and staff quarters.
  • Free Education: All expenses—including tuition, boarding, uniforms, and books—are covered by the Central Government.
Expansion Criteria (Revamped 2018-19)
Under the current mandate, every block that meets the following criteria must have an EMRS:
  • More than 50% ST population.
  • At least 20,000 tribal persons (as per 2011 Census).
Governance & Management
  • Ministry: Functioning under the Ministry of Tribal Affairs.
  • Implementing Agency: Managed by the National Education Society for Tribal Students (NESTS), an autonomous body that ensures uniform standards across all states.
Infrastructure & Funding
  • Construction Grants: Enhanced to β‚Ή37.80 crore for plain areas and β‚Ή48 crore for hilly or Left-Wing Extremism (LWE) affected regions.
  • Recurring Grants: The government provides approximately β‚Ή1.09 lakh per student per annum for school operations.
  • Centre of Excellence (CoE): The scheme includes 15 specialized Centres of Excellence for Sports to train tribal athletes for national and international competitions.
 
 
 
Central Prabhari Officer (CPO) Portal
 
Why in News?
The Central Prabhari Officer (CPO) Portal is a newly launched digital platform developed by NITI Aayog to enhance the monitoring and implementation of the Aspirational Districts Programme (ADP) and Aspirational Blocks Programme (ABP).
 

Primary Objective
  • Bridge the Gap: Serves as a unified interface to connect field observations by Central Prabhari Officers with administrative action at the District, State, and Central levels.
  • Data-Driven Decisions: Enables "data-driven governance" by providing field-level insights directly to NITI Aayog and line ministries.
Core Features
  • Instant Visibility: Once a CPO submits observations from a district visit, the data goes live immediately for the District Administration to view and act upon.
  • Integrated Platform: Brings together CPOs (usually Additional/Joint Secretary rank officers), District Magistrates, State Planning Secretaries, and Central Ministries on one dashboard.
  • Structured Monitoring: Allows for the tracking of suggestions, recording of feedback from states, and monitoring of responses to ensure accountability.
Operational Structure
  • Stakeholders:
    • CPOs: Submit field recommendations and mentor District Collectors.
    • Districts: View suggestions and submit responses/actions taken.
    • State Planning Secretaries: Gain a "bird’s-eye view" to coordinate across various state departments.
    • NITI Aayog/Ministries: Monitor inputs to resolve bottlenecks at the central level.
Strategic Importance
  • The 3Cs Strategy: Supports the core philosophy of Convergence (of schemes), Collaboration (between tiers of gov), and Competition (among districts).
  • Viksit Bharat: Positioned as a milestone toward the goal of "Viksit Bharat" (Developed India) by ensuring inclusive development in historically under-developed regions.
 
 
 
Electronic Gold Receipts
 
Why in News?
Electronic Gold Receipts (EGRs) are in the news because National Stock Exchange (NSE) has recently launched an EGR trading segment (from 4 May 2026), marking a major step towards formalising and digitising India’s huge but largely unorganised gold market.
 

Core Mechanism
  • Direct Ownership: An EGR is an electronic receipt issued against physical gold deposited in SEBI-accredited vaults.
  • Three-Tranche Lifecycle:
    1. Creation: Physical gold is deposited with a Vault Manager and converted to electronic form.
    2. Trading: The EGR is traded on stock exchanges (BSE/NSE) like any regular stock.
    3. Redemption: Investors can surrender the EGR to take physical delivery of the gold.
Trading Details
  • Demat Form: EGRs are held in your existing demat account.
  • Denominations: Trading is allowed in small units, such as 1 gram, making it accessible to retail investors.
  • Purity Standards: Gold must meet LBMA Good Delivery or India Good Delivery standards.
  • Perpetual Validity: Unlike some derivatives, EGRs have no expiry and can be held indefinitely.
Taxation & Benefits
  • GST Advantage: No GST is charged when buying or selling EGRs on the exchange. A 3% GST is only levied if and when you convert the receipt back into physical gold.
  • Capital Gains: If held for more than 3 years, they attract 20% Long Term Capital Gains (LTCG) tax with indexation benefits.
  • Zero Storage Risk: Since the gold is in a regulated vault, investors avoid locker costs and the risk of theft or purity fraud.
 
 
 
Asian Development Bank
 
Why in News?
The Asian Development Bank (ADB) is in the news because it is recently holding its 59th Annual Meeting in Samarkand, Uzbekistan (May 3–6, 2026). The bank has used this high-profile event to launch major financial initiatives aimed at regional connectivity, clean energy, and climate resilience.
 

Identity
  • Established: 1966.
  • Headquarters: Manila, Philippines.
  • Primary Goal: To foster a prosperous, inclusive, resilient, and sustainable Asia-Pacific while eradicating extreme poverty.
  • Membership: 69 members (49 from within the Asia-Pacific region and 19 from outside).
Ownership & Voting Power
The ADB is modelled after the World Bank, where voting power is proportional to the capital contributed:
  • Japan & USA: Largest shareholders (approx. 15.6% each).
  • China: 6.4%.
  • India: 6.3% (India is a founding member and the 4th largest shareholder).
How it Works?
  • Financial Assistance: Provides loans, technical assistance, grants, and equity investments to both governments (sovereign) and the private sector.
  • Credit Rating: Maintains a AAA bond credit rating, allowing it to raise funds in global capital markets at low costs.
  • Sectors Covered: Transport, energy, health, education, financial systems, and disaster management.
ADB and India
  • Strategic Partner: ADB is one of India's largest development partners, focusing on infrastructure and climate-resilient growth.
  • Recent Funding: In 2024, the ADB committed $4.25 billion for 21 projects in India, with over 60% dedicated to climate mitigation and adaptation.
  • Key Projects: Ongoing support for the Chennai Metro expansion, universal health coverage in Mizoram, and flood management along the Brahmaputra in Assam.
 
 
 
Notice to Airmen (NOTAM)
 
Why in News?
India issued a major NOTAM over the Bay of Bengal for a high-profile missile test. This creates a "no-fly zone" to ensure safety during the launch.
 

What is a NOTAM?
  • Purpose: To alert pilots about any condition, facility, or hazard that could affect the safety of a flight.
  • Mandatory Review: Pilots are legally required to review all active NOTAMs for their route before take-off.
What Information do they contain?
  • Hazard Alerts: Rocket launches, parachute jumps, or military exercises.
  • Infrastructure Status: Closed runways, broken taxiway lights, or out-of-service navigation aids (GPS/VOR).
  • Flight Restrictions: Temporary Flight Restrictions (TFRs) over VIP movements (like the Prime Minister's travel) or major sporting events.
  • Natural Disasters: Volcanic ash clouds, bird migration warnings, or severe weather conditions.
Structure & Format
  • Coded Language: They use standardized abbreviations ("RWY" for Runway, "CLSD" for Closed) to keep messages brief.
  • Standardized Duration: They include an "Effective Time" and an "Expiration Time." If the expiration is unknown, they are marked EST (Estimated).
Types of NOTAMs
  • NOTAM (D): Pertains to navigation facilities and airports (distant).
  • FDC NOTAM: Flight Data Centre notices regarding regulatory changes or amendments to charts.
  • Pointer NOTAM: Highlights another NOTAM to ensure it isn't missed.
  • Military NOTAM: Specifically for military airfields and operations.
Challenges with the Current System
  • Information Overload: A single long-haul flight can have over 100 pages of NOTAMs, making it hard for pilots to spot the most critical warnings.
  • Outdated Formatting: Many systems still use all-capital letters and complex codes that date back to the era of teleprinters.
 
 
 

Question & Answer
 
Q1. The Supreme Court (Number of Judges) Amendment Bill, 2026 proposes to increase the sanctioned strength of the Supreme Court (excluding CJI) to:
A. 34
B. 35
C. 37
D. 38

Answer: C
 
 
Q2. Under ECLGS 5.0, what is the credit guarantee coverage provided to MSMEs?
A. 80%
B. 90%
C. 100%
D. 75%

Answer: C
 
 
Q3. The Fair and Remunerative Price (FRP) for sugarcane is recommended by which body?
A. NITI Aayog
B. Food Corporation of India
C. Commission for Agricultural Costs and Prices
D. NABARD

Answer: C
 
 
Q4. Which type of Brain-Computer Interface (BCI) involves electrodes implanted directly into brain tissue?
A. Non-invasive
B. Semi-invasive
C. Invasive
D. External interface

Answer: C
 
 
Q5. What is the shareholding percentage of the Central Government in Regional Rural Banks (RRBs)?
A. 35%
B. 40%
C. 50%
D. 60%

Answer: C

 

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