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Daily Current Affairs – 29 May, 2026

    SARTHAK-PDS Scheme to Modernise Public Distribution System

    Context

  • The Cabinet Committee on Economic Affairs (CCEA), approved the continuation and integration of two key food distribution schemes under a new umbrella programme titled “Scheme for Assistance in Ration Transport and Handling-Income with Automation in PDS” (SARTHAK-PDS).

    • About

  • The SARTHAK-PDS scheme integrates two existing initiatives;
  • Assistance to State Agencies for intra-State movement of foodgrains and FPS dealers’ margin under NFSA and 
  • Scheme for Modernization and Reforms through Technology in Public Distribution System (SMART PDS) with the objective of strengthening implementation of the National Food Security Act.
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    IBC Transforming India’s Debt Recovery Ecosystem 

    Context

  • The Insolvency and Bankruptcy Code (IBC), introduced in 2016 to create a time-bound insolvency resolution mechanism, has completed a decade.

    • Insolvency and Bankruptcy Code (IBC) 2016

  • IBC was introduced in 2016 to address rising Non Performing Assets and ineffective debt recovery mechanisms in India.
  • Objectives of the IBC resolution are;
  • Business Revival: To save businesses through restructuring, changes in ownership, or mergers,
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    SC upheld the Constitutional Validity of Retrospective 28% GST on Online Gaming Companies

    Context

  • The Supreme Court upheld the constitutional validity of the government’s retrospective 28% Goods and Services Tax (GST) levy on online gaming companies. 

    • About

  • The gaming sector argued that the 28% GST on online gaming should apply only prospectively, from 2023, after the amendments approved by the GST Council came into effect. 
  • However, the SC sided with the government’s interpretation and treated the 2023 GST amendments as clarificatory, thereby allowing retrospective application for periods before 2023.
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    National Health Accounts 2022-23

    Context

  • The Union Health Ministry released the National Health Accounts (NHA) estimates for India 2022-23.

    • About

  • The National Health Account (NHA) is a tool to describe health expenditures and the flow of funds in both the Government and Private sectors of the country.
  • Preparation of NHA estimates was institutionalised at National Health Systems Resource Centre (NHSRC) in 2014.
  • Published by: NHSRC, Ministry of Health and Family Welfare.
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    News In Short 29-05-2026

    Context

  • NATO has restructured its Baltic command format by assigning the German-Netherlands Corps to directly oversee the tactical defense of Estonia and Latvia.

    • What is the German-Netherlands Corps?

  • The German-Netherlands Corps is a multinational military headquarters based in Muenster jointly led by Germany and Netherlands.
  • It forms part of NATO’s rapid-response and collective defence structure.
  • The corps reportedly includes participation from around 16 countries.
    • Read More
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