Daily Morning Brief -(23 May)- top News updates of India, world, economy, odisha

 India

1. RBI Announces Record ₹2.87 Lakh Crore Dividend Transfer to Centre

The RBI approved a historic ₹2.87 lakh crore surplus transfer to the Central Government for FY26. Driven by strong earnings and balance-sheet growth, the payout provides significant fiscal support while maintaining a robust risk buffer for financial stability.

2. India Successfully Test-Fires Agni-I Ballistic Missile

India successfully conducted an operational test of the Agni-I ballistic missile from Chandipur, Odisha. The Strategic Forces Command validated all mission parameters, reinforcing the country's strategic deterrence capabilities and operational readiness amid evolving security challenges.

3. ‘Cockroach Janta Party’ Emerges as New Challenge for Security Agencies

The viral social media movement known as the Cockroach Janta Party has drawn scrutiny from intelligence agencies. Authorities are investigating its rapid growth, online influence, and potential security implications after restrictions were imposed on certain digital platforms.

4. India Dominates Global Heat Map; 97 of World's 100 Hottest Cities Located in the Country

An intense heatwave has placed 97 Indian cities among the world's 100 hottest locations. Temperatures touched 48°C in several regions, prompting health advisories, heatwave warnings, and increased concerns over dehydration, heatstroke, and public safety.

5. Vayuastra-1 Successfully Tested in Rajasthan, Boosting Indigenous Defence Capabilities

The indigenous Vayuastra-1 weapon system successfully completed trials across desert and high-altitude terrains. The tests demonstrated its performance under extreme conditions, marking another milestone in India's efforts to strengthen self-reliant defence technology.

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World

1. New Delhi to Host Quad Foreign Ministers' Meeting on May 26

India will host the Quad Foreign Ministers' Meeting in New Delhi on May 26. Leaders from the United States, Australia, Japan, and India will discuss Indo-Pacific security, critical supply chains, and regional strategic cooperation.

2. Trump Administration Deploys Additional 5,000 Troops to Poland

The United States has announced the deployment of 5,000 additional troops to Poland. The move aims to reinforce NATO's eastern flank, strengthen regional security, and enhance military preparedness amid ongoing geopolitical tensions in Europe.

3. Strait of Hormuz Crisis Pushes Global Energy Markets into Red Zone

Disruptions in the Strait of Hormuz have heightened concerns over global energy supplies. Rising oil prices and supply uncertainties have prompted warnings from energy experts, with major economies reviewing contingency plans to manage potential shortages.

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Economy

1. SBI Employees Call Off Proposed Nationwide Strike

The proposed SBI employees' strike has been deferred following successful discussions between management and union representatives. The decision ensures uninterrupted banking services nationwide while talks continue on staffing, outsourcing, pension, and workplace concerns.

Also Read: Why India Still Struggles to Become an Economic Superpower Despite 35 Years of Reforms

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 Odisha

1. Cuttack, Bargarh and Jajpur Selected for Development as Major Handloom & Textile Hubs

Odisha has approved major investments to develop Cuttack, Bargarh, and Jajpur as modern textile hubs. The projects will combine traditional weaving with advanced technologies, create market infrastructure, support artisans, and strengthen the state's handloom economy.