Daily current affairs 25 May 2026

WHAT IS CHINA’S HAINAN FTP INITIATIVE?

China's Hainan Free Trade Port implemented island-wide customs closure, creating a zero-tariff hub. Offering 15% corporate taxes and a 30% value-added processing exemption, it aims to reshape global supply chains while rivaling Hong Kong.

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UNION HEALTH MINISTRY BRINGS PREGABALIN UNDER SCHEDULE H1

The Union Health Ministry has reclassified the neurological drug Pregabalin under Schedule H1 to combat rising youth misuse and illegal sales. This mandates valid prescriptions, three-year sales record retention, and aims to curb unregulated online deliveries. 

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SURYASTRA ROCKET SYSTEM: LONG-RANGE ROCKET LAUNCHER SYSTEM

NIBE Limited recently launched a massive Defence Manufacturing Complex in Shirdi to produce artillery shells. The highlight is Suryastra, an indigenous multi-calibre rocket system capable of highly precise strikes up to 300 km, significantly boosting India's defence capabilities.

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LAUNCH OF NGOPV SANGHAMITRA: ATMANIRBHAR BHARAT IN DEFENCE

GRSE has launched 'Sanghamitra', the Indian Navy's first Next-Generation Offshore Patrol Vessel (NGOPV). This 3,000-tonne vessel enhances India's maritime surveillance, coastal defense, and disaster relief capabilities, reflecting a major leap in indigenous defense manufacturing under Atmanirbhar Bharat.

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NUCLEAR NON-PROLIFERATION TREATY (NPT): PILLARS, CHALLENGES, AND INDIA'S STAND

The 2026 NPT Review Conference failed to reach a consensus due to US-Iran disputes, marking its third consecutive failure. This exposes deepening global divides over nuclear disarmament, peaceful energy rights, and the treaty's discriminatory framework against non-signatory states.

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MAGNIFICA HUMANITAS: THE ETHICAL GOVERNANCE OF AI AND HUMAN DIGNITY

Pope Leo XIV’s upcoming encyclical, "Magnifica Humanitas," addresses the profound ethical challenges of artificial intelligence. It emphasizes protecting human dignity, regulating military AI, addressing cognitive job displacement, and rejecting "technological absolutism" to ensure AI serves the global common good.

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JEEVAN APP AND SHATAYU DASHBOARD: DIGITAL ELDERCARE REFORMS

The Ministry of Social Justice and Empowerment launched the JEEVAN app and SHATAYU dashboard to provide senior citizens with digital access to welfare schemes, emergency support, and verified geriatric caregivers, significantly formalizing and strengthening India's growing care economy.

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AYUSHMAN BHARAT HEALTH ACCOUNTS (ABHA): DIGITIZATION OF HEALTH RECORDS IN INDIA

The Ayushman Bharat Digital Mission creates a federated digital health ecosystem across India using the 14-digit ABHA ID. While it ensures seamless healthcare access and interoperable records, data privacy concerns and cyber-attacks necessitate robust cybersecurity frameworks for enhanced patient protection.

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DOES INDIA NEED ANOTHER WAVE OF ECONOMIC REFORMS LIKE 1991?

Triggered by West Asian geopolitical shocks, India’s 2026 economic landscape necessitates urgent structural reforms. The Union Budget 2026-27 and 16th Finance Commission emphasize fiscal consolidation, demanding the rationalization of heavy, environmentally damaging food and fertilizer subsidies.

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