Friday, 29 May 2026 Current Affairs Digest for State PCS Exams

01Economy·9 min read·Prelims · Mains

Forex reserves drops $7.5 billion to $681.38 billion

This article reports a significant drop in India's forex reserves, a key indicator of external sector stability. For UPSC prelims, it tests knowledge of components of forex reserves (FCA, gold, SDRs, IMF reserve position) and their trends; for mains, it links to balance of payments, rupee volatility, and RBI intervention. IBPS exams may ask about the RBI's role in managing reserves and the impact on the economy. The data is current and exam-relevant for 2026-27.

India's forex reserves dropped $7.511 billion to $681.384 billion during the week ended May 22, 2026.
The kitty had expanded to an all-time high of $728.494 billion during the week ended February 27, 2026 before the onset of the Middle East conflict.
Foreign currency assets decreased $2.872 billion to $543.032 billion, and gold reserves declined $4.53 billion to $114.786 billion during the week.

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02Environment·7 min read·Prelims · Mains

NGT seeks response from Centre, States regarding heatwave conditions across country

This article is relevant for environment and disaster management portions of the UPSC syllabus, particularly climate change adaptation and policy. Prelims could test NGT jurisdiction and composition (statutory body, expert members). Mains may ask about heatwave management, urban-rural differentiated planning, and the role of tribunals in environmental governance. State PSC exams (UPPSC, RPSC, MPPSC, BPSC) will find this directly relevant as specific states are named as respondents.

The National Green Tribunal (NGT) has sought a response from the Centre, several States and others regarding extreme heat conditions across India.
The highest temperature recorded was 48°C in Banda, Uttar Pradesh, and Delhi remains under heatwave conditions through May.
The NGT stated a need for a policy with region-specific strategies and adaptation planning, distinguishing between urban and rural heatwave conditions.

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03Environment·8 min read·Prelims · Mains

Inside China’s green transition

This article provides a ground-level view of China's green industrial transition, focusing on electric vehicles and pollution control in Zhejiang province. For UPSC, this is relevant to the Environment and Ecology paper (green transitions, renewable energy, air/water pollution), as well as International Relations (China's global leadership in EVs and green technology). State PSC exams like OPSC may find the comparative policy lessons useful. The article also touches on industrial policy, pollution enforcement, and the economic dimensions of climate action.

Ningbo, a port city in southern Zhejiang Province, China, has emerged as a key hub for China’s booming Electric Vehicles (EV) industry, where new energy automotives are manufactured and exported globally.
Geely Auto Group sold close to 1.7 million EVs in 2025, a 90% rise from the previous year. Zeekr, a high-end EV brand headquartered in Ningbo, is Geely’s flagship product in this space.
Zhejiang Province achieved several green landmarks: PM 2.5 particulate air pollution fell to an average slightly under 25; renewables accounted for 50% of total installed energy capacity; and 100% of surface water met national standards.

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