Daily Morning Brief- (5 May)- Top news from World, India, economy, odisha

INDIA NEWS

1. BJP Wins Big in Bengal and Assam, TVK in Tamilnadu and congress in Kerala
The BJP won elections in West Bengal and Assam, changing regional politics. In Tamil Nadu, Tamilaga Vettri Kazhagam led by Vijay emerged strongly, breaking the dominance of DMK and AIADMK and creating a new political alternative.

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2. Nepal Buys Fertilizer from India
Facing shortages, Nepal will import 80,000 tonnes of fertilizer from India through a government deal. Rising global prices and supply disruptions pushed this decision to protect farming output and ensure agricultural stability in the upcoming crop season.

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WORLD NEWS

3. US Targets Iran Crypto Network
US President Donald Trump has imposed sanctions on Iran’s crypto and shadow banking systems. The move aims to stop Iran from bypassing sanctions, funding allies, and buying weapons through digital financial networks.

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4. Missile Alert in UAE Raises Tensions since ceasefire.
Missile alerts sounded across the UAE after Iran launched four cruise missiles. Most were intercepted. A drone attack caused a fire in Fujairah, injuring three Indians. The incident raises concerns despite an ongoing ceasefire.

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ECONOMY

5. India Pharma Exports Cross $31 Billion
India’s pharmaceutical exports crossed $31 billion in FY26, growing modestly. Vaccines led growth, while challenges included US overstocking and shipping disruptions. The sector remains strong despite global uncertainties affecting demand and logistics.

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6. Indore to Host BRICS Agriculture Meet
Indore will host BRICS Agriculture Ministers in June 2026. Discussions will focus on food security, climate-smart farming, and technology use. BRICS countries play a major role in global agriculture and food production systems.

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ODISHA NEWS

7. Supreme Court Criticizes Odisha Courts 
The Supreme Court rejected bail conditions asking accused to clean police stations. It called such orders biased against Dalit and Adivasi communities and said they violate dignity, highlighting concerns about caste-based discrimination in the judiciary.

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8. CM Majhi  2 day Gujurat Visit to Gujurat to seek Investment.
Odisha Chief Minister Mohan Charan Majhi is visiting Gujarat to attract investments. He is promoting industries like textiles and chemicals through meetings and roadshows to boost Odisha’s economic growth and development goals.