Current Affairs 11 May 2026

SEBI Sets Up Task Force Against AI-Based Cyber Threats.

Securities and Exchange Board of India constituted the cyber-suraksha.ai task force to address AI-driven cyber threats in financial markets.
Includes representatives from stock exchanges, depositories, and clearing corporations.
Focus Areas:

Real-time cybersecurity monitoring through 24×7 Security Operations Centers (SOCs).
Stronger oversight of third-party vendors and API controls.
Adoption of Zero Trust cybersecurity architecture.
Continuous patch management and periodic vulnerability testing.

SEBI: Statutory body established under the SEBI Act, 1992; headquartered in Mumbai.

Bihar approved a $500 million (₹4,000+ crore) urban transformation program with assistance from the World Bank.
Aim: Modernize urban infrastructure and create infrastructure-related jobs.
Focus Areas:

Upgradation of roads, urban transport, drainage, and sewage systems.
Development of climate-resilient infrastructure, water supply, and public utilities.
World Bank: Established in 1944; headquartered in Washington, D.C., USA.

Delhi Pollution Control Committee launched the Road RADAR initiative for real-time monitoring of air pollution sources.
Covers around 18,000 km of roads across Delhi.
13 field surveyors to identify and report pollution issues through the MCD-311 app.
Focus Areas: Road dust, broken footpaths, garbage dumps, biomass burning, and construction waste.
Monitors 11 categories of dispersed pollution sources across areas under MCD, NDMC, PWD, and Delhi Cantonment Board.

IIT Madras Global Research Foundation established its first international deep-tech center in Menlo Park.
Announced at the SelectUSA Investment Summit.
Total planned investment: US$ 7.5 million, including US$ 4.5 million greenfield investment from IITM Global.
Developed in collaboration with CA Startups.
Aim: Support Indian deep-tech startups with capital, mentorship, global market access, and cross-border innovation.
IIT Madras: Established in 1959; headquartered in Chennai, Tamil Nadu.

S&P Global lowered India’s FY27 GDP growth forecast to 6.6% due to a West Asia energy supply shock.
Retail inflation projected to rise to 5.1%.
Indian rupee may weaken to ₹93 per US dollar.
Brent crude expected to average $96 per barrel, increasing India’s import bill.
Current account deficit projected to widen from 0.8% to 2.2%.
Government set up a ₹1 lakh crore economic stabilisation fund for oil hedging.
India maintains strategic petroleum reserves covering around 60 days.