Daily Morning Brief -(26 May)- top News updates of India, world, economy, odisha

India

1. Petrol, Diesel Prices Rise  morethan Rs. 2.5 Amid Global Supply Concerns

Petrol prices were increased by ₹2.61 per litre and diesel by ₹2.71 per litre following global supply concerns and rising crude oil costs. The revision aims to offset losses of fuel retailers but may increase transportation expenses and inflationary pressures.

2. Assam Introduces UCC Bill with compulsory live -in registrations.

The Assam Assembly introduced the Uniform Civil Code Bill, 2026, proposing a ban on polygamy and mandatory registration of live-in relationships. The legislation also seeks uniform rules for marriage, divorce, and inheritance while exempting Scheduled Tribes.

3. Tamil Nadu  Govt Rolls Out Agriculture Loan Waiver Relief

The Tamil Nadu government has advanced agricultural loan waiver measures to provide relief to farmers facing financial challenges. The initiative aims to reduce debt burdens, improve access to credit, and strengthen the rural economy across the state. Rs. 50000 for marginal farmers and Rs. 5000 for large farmers

World

4. India Hosts QUAD Foreign Ministers’ Summit in New Delhi

India is hosting the QUAD Foreign Ministers' Meeting in New Delhi, bringing together leaders from India, the United States, Australia, and Japan. Discussions will focus on regional security, maritime cooperation, and promoting a free and open Indo-Pacific.

Economy

5. Finance Minister  Prioritizes Focus on the ‘3-F’ Strategy

Finance Minister Nirmala Sitharaman emphasized the need to focus on Fuel, Fertiliser, and Foreign Exchange amid global uncertainties. The strategy seeks to protect India’s economy from external shocks, manage inflation, and maintain economic stability.

6. Global Crude Oil Holds Below $100 Per Barrel

International crude oil prices stayed below the $100-per-barrel mark despite geopolitical tensions in West Asia. The development offers temporary relief to oil-importing countries, though elevated energy costs continue to pose risks to growth and inflation.

Also Read: Why Odisha High Court Issued New Arrest Guidelines for Odisha Police: What Every Citizen Should Know About Their Legal Rights

Odisha

7. Petrol Crosses ₹109, Diesel Tops ₹100 in Odisha

Following recent national revisions, fuel prices in Odisha stand at ₹109.06 per litre for petrol and ₹100.77 per litre for diesel. The rates reflect the combined impact of global crude prices, taxes, and transportation costs.

8. Odisha Launches Twin Rural Development Missions

The Odisha government launched the Model Village Mission and Mahapurusha Adarsha Grama Yojana to strengthen rural infrastructure. The schemes aim to improve amenities, connectivity, and sustainable development while preserving the legacy of notable Odia personalities.