Friday, May 15

Daily Current Affairs: 15 May 2026

Daily current affairs for 15 May 2026 with exam-focused key facts, connected news context, and revision notes for UPSC, SSC, banking and government exams.

Editorial note for exam revision Last updated: 15 May 2026. This briefing is structured for current affairs revision, with key updates and related coverage links to help readers connect recurring topics across days.

Today at a glance

Top current affairs to revise

  1. FinBox launches AI-powered Atlas platform for loan processing in India
  2. Reserve Bank of India (RBI) Cancels Licence of Sarvodaya Co-operative Bank Ltd., Mumbai
  3. Department for Promotion of Industry and Internal Trade (DPIIT) releases LEADS 2025 report and LEAPS 2025 awards
  4. Indian Cyber Crime Coordination Centre (I4C) and Reserve Bank Innovation Hub (RBIH) sign MoU to curb mule accounts
  5. AU Small Finance Bank (AU SFB) launches four-card credit card portfolio
  6. Reserve Bank of India (RBI) cancels licence of Sarvodaya Co-operative Bank

FinBox launches AI-powered Atlas platform for loan processing in India

Key Updates:

  • FinBox, a credit infrastructure FinTech, has launched Atlas, an AI-powered lending platform to streamline loan processing in India.
  • The platform reduces loan processing timelines from three weeks to 24 hours by automating workflows and enhancing borrower onboarding.
  • The Atlas suite includes two specific modules: Atlas Flow for application journeys and Atlas Origin for proactive document management.
  • The platform achieves application completion rates of 85% in under ten minutes and reduces credit turnaround to one day.
  • Rajat Deshpande serves as the Co-founder and Chief Executive Officer (CEO) of FinBox.

Related Current Affairs Coverage


Reserve Bank of India (RBI) Cancels Licence of Sarvodaya Co-operative Bank Ltd., Mumbai

Key Updates:

  • The Reserve Bank of India (RBI) cancelled the licence of Sarvodaya Co-operative Bank Ltd., Mumbai, effective from the close of business on May 12, 2026.
  • The RBI stated that the bank lacks adequate capital and earning prospects, making its continuance prejudicial to the interests of its depositors.
  • The Commissioner for Cooperation and Registrar of Cooperative Societies, Maharashtra, has been requested to issue a winding-up order and appoint a liquidator for the bank.
  • Depositors are entitled to receive insurance claims up to a monetary ceiling of ₹5,00,000 from the Deposit Insurance and Credit Guarantee Corporation (DICGC).
  • Approximately 98.36 per cent of depositors are entitled to full deposit recovery, with the DICGC having already paid ₹26.72 crore as of March 31, 2026.

Related Current Affairs Coverage


Department for Promotion of Industry and Internal Trade (DPIIT) releases LEADS 2025 report and LEAPS 2025 awards

Key Updates:

  • The Department for Promotion of Industry and Internal Trade (DPIIT) organised the Logistics Excellence, Advancement and Performance Shield (LEAPS) 2025 Awards and released the LEADS 2025 report in New Delhi.
  • India's Free Trade Agreements (FTAs) cover 38 developed economies across nine FTAs, with four operational and five expected within the next 12 months.
  • India is conducting negotiations to widen market access with the GCC, Canada, Mexico, Chile, SACU, and Mercosur.
  • India achieved record exports of USD 863 billion in 2025-26 and has set a target of USD 1 trillion for the current year.
  • Under the LEADS 2025 report's revised four-tier classification, Tamil Nadu, Uttar Pradesh, Mizoram, and Delhi were placed as Exemplars.
  • The LEAPS Awards winners include FedEx, MSC, Safexpress, DP World Rail Logistics, Delhivery, and IIM Mumbai.

Related Current Affairs Coverage


Indian Cyber Crime Coordination Centre (I4C) and Reserve Bank Innovation Hub (RBIH) sign MoU to curb mule accounts

Key Updates:

  • The Indian Cyber Crime Coordination Centre (I4C), under the Ministry of Home Affairs (MHA), signed a Memorandum of Understanding (MoU) with the Reserve Bank Innovation Hub (RBIH) to combat mule accounts.
  • The collaboration will utilise Artificial Intelligence (AI) to detect and cull hidden mule accounts by feeding data from the I4C Suspect Registry into AI-driven fraud detection systems.
  • The RBIH will use datasets to train and enhance AI-driven fraud-risk assessment models, including MuleHunter.ai, which is implemented across banks.
  • The MoU was signed by Roopa M, IG (Admin) of I4C, and Sahil Kinni, CEO of RBIH, in the presence of senior officials from the Reserve Bank of India (RBI).
  • The agreement aims to facilitate cooperation in fraud-risk intelligence sharing, analytical support, and operational coordination to strengthen proactive fraud detection and prevention mechanisms.

Related Current Affairs Coverage


AU Small Finance Bank (AU SFB) launches four-card credit card portfolio

Key Updates:

  • AU Small Finance Bank (AU SFB) launched a segmented four-card credit card portfolio targeting first-time credit customers, young salaried professionals, Gen Z spenders, and affluent travellers.
  • The AU Ananta Credit Card offers 8,000 welcome reward points, 16 annual complimentary domestic airport lounge visits, and up to 50,000 bonus points on annual spends of ₹10 lakh.
  • The AU Ananta Credit Card features an industry-first benefit of complimentary airport lounge access for cardholders and their family members when flight tickets are booked via the AU Rewardz platform.
  • The AU Vibe Credit Card provides 4,000 reward points or a ₹1,000 voucher, 15% instant discount on grocery and food delivery partners, and 8 annual airport lounge visits.
  • The AU Value Credit Card offers 2,000 reward points or a ₹500 voucher and up to 10% cashback on cab bookings, bill payments, grocery, movies, and food delivery.
  • The AU Lite Credit Card is an entry-level product for first-time borrowers featuring reward points on daily spending, milestone incentives, and fuel surcharge waivers.

Related Current Affairs Coverage


Reserve Bank of India (RBI) cancels licence of Sarvodaya Co-operative Bank

Key Updates:

  • The Reserve Bank of India (RBI) has cancelled the licence of the Mumbai-based Sarvodaya Co-operative Bank due to inadequate capital and earning prospects.
  • The bank will cease banking business with effect from the close of business on May 12, 2026.
  • The RBI has directed the Commissioner for Cooperation and Registrar of Cooperative Societies, Maharashtra, to order the winding up of the bank and appoint a liquidator.
  • Depositors are entitled to receive insurance claims up to ₹5 lakh from the Deposit Insurance and Credit Guarantee Corporation (DICGC).
  • As of March 31, 2026, the DICGC has already paid ₹26.72 crore of the total insured deposits.

Related Current Affairs Coverage


Assam Cabinet approves Uniform Civil Code (UCC) Draft Bill covering marriage, divorce, live-in relationships

Key Updates:

  • The Assam Cabinet approved the draft Uniform Civil Code (UCC) Bill on May 13, 2026.
  • The Bill will be tabled in the Assam Assembly on May 26, 2026.
  • The UCC Bill focuses on civil matters including registration of marriages, divorce procedures, regulation of live-in relationships, and mandatory marriage registration.
  • Tribal communities and their traditional customs and rituals are completely exempted from the scope of the law.
  • The Bill has been designed along the lines of UCC models introduced in Uttarakhand, Gujarat, and Goa.

Related Current Affairs Coverage


India bans sugar exports until September 2026 to control local prices

Key Updates:

  • The Government of India banned the export of raw and white sugar with immediate effect until 30 September 2026, or until further orders.
  • The ban was implemented to rein in local sugar prices.
  • India is the world's second-largest sugar producer and the largest sugar exporter after Brazil.
  • Sugar production is expected to lag consumption for a second consecutive year due to weakening cane yields in major growing regions.
  • Forecasts of El Nino weather conditions could disrupt the monsoon, increasing the risk that next season's output falls below initial estimates.

Related Current Affairs Coverage


Prime Minister Internship Scheme (PMIS) to provide 1 Crore Internships

Key Updates:

  • The Central Government launched the Prime Minister Internship Scheme (PMIS) to provide practical workplace experience to one crore young people over a period of five years.
  • The pilot phase of the PMIS commenced in 2024-25 with a target of offering 1.25 lakh internship opportunities across various sectors.
  • The internships under the PMIS are structured for a duration of 12 months, ensuring at least half of the period is dedicated to hands-on work experience.
  • Selected candidates will receive a monthly stipend of ₹5,000, which includes ₹4,500 from the government and ₹500 from Corporate Social Responsibility (CSR) funds of the company.
  • The government will provide a one-time grant of ₹6,000 to each intern to support incidental expenses during the internship programme.

Related Current Affairs Coverage

The Meghalaya government launched the CM-INSPIRE initiative to provide financial assistance to candidates appearing for the Union Public Service Commission (UPSC) Civil Services Examination. Under the scheme, candidates…


IPC signs MoUs with State Pharmacy Councils to strengthen medicine safety framework

Key Updates:

  • The Indian Pharmacopoeia Commission (IPC) signed Memoranda of Understanding (MoUs) with the State Pharmacy Councils of Bihar, Maharashtra, and Mizoram.
  • The agreements were signed at the IPC headquarters in Ghaziabad by IPC Secretary-cum-Scientific Director Dr. V. Kalaiselvan and representatives from the participating state councils.
  • The collaboration aims to promote the adoption of the National Formulary of India (NFI) and establish it as a mandatory reference document in hospital pharmacies across the participating states.
  • The partnership seeks to strengthen the Pharmacovigilance Programme of India (PvPI) by promoting adverse drug reaction (ADR) reporting and facilitating the establishment of ADR Monitoring Centres (AMCs).
  • The MoUs include provisions for joint training programmes, workshops, and awareness campaigns to enhance professional competencies in rational medicine use and pharmacopoeial standards.

Related Current Affairs Coverage


DigiLocker Integration: Five States Felicitated for Strengthening Digital Governance

Key Updates:

  • The Ministry of Electronics and Information Technology (MeitY) felicitated Gujarat, Karnataka, Kerala, Nagaland, and Rajasthan for integrating DigiLocker with state government services.
  • The recognition was conferred on May 11 during the National Consultative Workshop on Strengthening Cybersecurity Frameworks for State Data, an initiative led by the National e-Governance Division (NeGD).
  • Gujarat onboarded 65 per cent of its services, benefiting over 1.92 crore citizens, and introduced digital disability certificates for free bus transport services.
  • Karnataka integrated 73 per cent of government e-services, recorded over 2.7 crore registered users, and digitised approximately 3 crore electricity bill records.
  • Kerala onboarded more than 117 services in less than seven days, while Nagaland integrated over 32 services within a month.
  • Rajasthan rolled out the Jan Aadhaar Family Register through DigiLocker, covering more than 7.5 crore citizens.

Related Current Affairs Coverage


India hosts BRICS Foreign Ministers' Meeting in New Delhi on 14-15 May 2026

Key Updates:

  • The BRICS Foreign Ministers' Meeting is scheduled for 14th and 15th May 2026 in New Delhi.
  • The meeting is held under India's 2026 chairship and is chaired by External Affairs Minister (EAM) S. Jaishankar.
  • The theme for India's BRICS 2026 chairship is Building for Resilience, Innovation, Cooperation and Sustainability.
  • The theme reflects a Humanity First and people-centric approach emphasised by Prime Minister Narendra Modi during the 2025 BRICS Summit in Rio de Janeiro.
  • This is the fourth occasion on which India is hosting a BRICS summit-level engagement.

Related Current Affairs Coverage


India hosts 10th Indian Ocean Dialogue in New Delhi on 07-08 May 2026

Key Updates:

  • India hosted the 10th edition of the Indian Ocean Dialogue (IOD-10) in New Delhi.
  • The IOD-10 was conducted over two days from 07 May to 08 May 2026.
  • The theme for the 10th edition of the dialogue was Indian Ocean Region in a Transforming World.
  • The Ministry of External Affairs (MEA) served as the primary organiser of the event.
  • The MEA collaborated with the Indian Council of World Affairs (ICWA) to host the dialogue.

Related Current Affairs Coverage

The 9th Indian Ocean Conference (IOC 2026) was inaugurated in Port Louis, Mauritius and will run from 10 to 12 April 2026. The conference is organised by India Foundation in association with the Government of Mauritius…

The 4th edition of World Ocean Science Congress 2026 is being held in Goa from February 23 to February 26 at the National Institute of Oceanography (NIO). The event is co-organised by NIO, National Centre for Polar and…


India and International Fund for Agricultural Development launch Country Strategic Opportunities Programme for 2026–2033

Key Updates:

  • The Government of India and International Fund for Agricultural Development (IFAD) launched the Country Strategic Opportunities Programme (COSOP) for 2026–2033.
  • The programme was unveiled at Bharat Mandapam in New Delhi and is aligned with the Viksit Bharat@2047 vision.
  • The strategy focuses on enhancing the social, economic, and climate resilience of rural communities and strengthening knowledge systems to scale development models across India and the Global South.
  • The National Bank for Agriculture and Rural Development (NABARD) signed a strategic partnership agreement with IFAD to strengthen rural finance systems and support innovation in agriculture and allied sectors.
  • India and IFAD have partnered for nearly five decades, during which 35 rural development projects have been implemented across multiple states.

Related Current Affairs Coverage


Uber and Adani Group Partner to Establish First Data Centre in India

Key Updates:

  • Uber has partnered with the Adani Group to establish its first data centre in India.
  • The data centre project is scheduled to be ready later this year to test and deploy Uber's technology.
  • Adani Enterprises, through its joint venture AdaniConneX, has partnered with Google to develop India's largest Artificial Intelligence (AI) data centre campus and green energy infrastructure in Visakhapatnam, Andhra Pradesh.
  • The proposed Google AI hub in Visakhapatnam involves an estimated investment of $15 billion over five years from 2026 to 2030.
  • The Visakhapatnam project includes gigawatt-scale data centre operations and subsea cable connectivity, developed in collaboration with AdaniConneX and Airtel.

Related Current Affairs Coverage


Super El Niño Forecast for 2026 and its Potential Impact on India

Key Updates:

  • El Niño is a warming of the central and eastern Pacific Ocean and is part of the El Niño-Southern Oscillation (ENSO) weather pattern, which also includes La Niña.
  • A super El Niño occurs when sea surface temperatures increase by at least 2 degrees Celsius above normal and is monitored using the Oceanic Niño Index (ONI).
  • The super El Niño of 1877-78 caused at least 50 million deaths globally, including 12.2 to 29.3 million in India, 19.5 to 30 million in China, and around 2 million in Brazil, alongside outbreaks of malaria, plague, dysentery, smallpox, and cholera.
  • The European Centre for Medium-Range Weather Forecasts (ECMWF) predicts that central equatorial Pacific Ocean water temperatures could potentially exceed 3 degrees Celsius above average in late 2026.
  • In India, below-normal rainfall may reduce harvests of rice, cotton, soyabeans, wheat, and rapeseed, impacting an agricultural sector that accounts for 18% of the nearly $4 trillion (Rs. ~3,32,00,000 crore) economy and a hydropower sector that provides 6% of the power mix.

Related Current Affairs Coverage


Union Minister Jitendra Singh launches two AI-enabled weather forecast systems under Ministry of Earth Sciences (MoES)

Key Updates:

  • Union Minister Jitendra Singh launched two AI-enabled weather forecast products under the Ministry of Earth Sciences (MoES): a monsoon advance forecasting system and a high spatial resolution rainfall forecast for Uttar Pradesh (UP), both as a pilot service.
  • The monsoon advance forecasting system provides probabilistic forecasts of monsoon progression every Wednesday up to four weeks in advance.
  • The high spatial resolution rainfall forecast for Uttar Pradesh (UP) generates rainfall forecasts at one-kilometre spatial resolution up to 10 days in advance using AI-driven downscaling techniques.
  • The new systems integrate data from automatic weather stations, Doppler weather radars, and satellite-based rainfall datasets, combining AI models, extended range prediction, and statistical techniques.
  • The forecasts will be disseminated through multiple modes including mobile phones, radio, television, print media, and displays at vegetable markets, with Krishi Sakhi and Pashu Sakhi groups communicating at block and panchayat levels.

Related Current Affairs Coverage


Union Minister Dharmendra Pradhan Inaugurates India’s First Integrated CCUS Field Laboratory at IIT Bombay

Key Updates:

  • Union Minister of Education Dharmendra Pradhan inaugurated India’s first Integrated Carbon Capture, Utilisation and Storage (CCUS) Field Laboratory Facility under Bharat Innovates 2026 at the Indian Institute of Technology Bombay (IIT Bombay) on 12th May 2026.
  • The facility is the first pilot-scale platform in India to integrate Carbon Capture and Utilisation (CCU) with Geological CO2 Sequestration (GCS) specifically in basalt formations.
  • The project includes India’s first pilot-scale scientific drilling initiative to assess CO2 storage potential in the Deccan Traps and serves as a national testbed for scalable carbon management technologies.
  • The indigenous technology uses non-potable water to capture emissions from the air and industries, converting them into industrial-grade carbonate and bicarbonate salts.
  • The CCUS technology is being scaled up by UrjanovaC, a deep-tech venture founded by Prof. Vikram Vishal and Prof. Arnab Dutta and incubated at the Society for Innovation & Entrepreneurship (SINE), IIT Bombay.

Related Current Affairs Coverage


Faustino Oro achieves second youngest Grandmaster title in Italy

Key Updates:

  • Faustino Oro from Argentina became the second youngest Grandmaster in chess history at the age of 12 years, 6 months, and 26 days.
  • He secured his third and final Grandmaster (GM) norm during the Sardinia World Chess Festival conducted in Italy.
  • Oro is the seventh player to earn the GM title before turning 13, alongside Abhimanyu Mishra, Sergey Karjakin, D Gukesh, Yagiz Kaan Erdogmus, Javokhir Sindarov, and R Praggnanandhaa.
  • The record for the youngest Grandmaster is held by Abhimanyu Mishra of the United States, who achieved the feat at 12 years, 4 months, and 25 days.
  • Faustino Oro is the first player under the age of 12 in the history of the International Chess Federation (FIDE) to be rated 2500-plus.

Related Current Affairs Coverage

Aronyak Ghosh from Kolkata became the 95th Grandmaster (GM) of India. He achieved his final GM norm at the Bangkok Chess Club Open, finishing tied for first place with a score of 7/9.


International Day of Families observed on May 15 with theme "Families, Inequalities and Child Wellbeing"

Key Updates:

  • The International Day of Families 2026 will be observed on May 15, 2026.
  • The theme for the 2026 observance is "Families, Inequalities and Child Wellbeing".
  • The event will be held at the United Nations (UN) Headquarters in New York.
  • The observance aims to promote investments in integrated family-oriented policies and highlight practices including universal child benefits, parental leave systems, affordable early childhood education, and community-based family support services.
  • The event will examine issues relating to the Doha Political Declaration of the Second World Summit for Social Development.

Related Current Affairs Coverage

Mother's Day will be celebrated on Sunday, May 10, 2026. The modern version of Mother's Day in the United States (US) traces back to the early 20th century through the efforts of activist Anna Jarvis.


International Nurses Day observed on May 12 with theme “Our Nurses. Our Future. Empowered Nurses Save Lives”

Key Updates:

  • International Nurses Day is observed worldwide on May 12 annually to commemorate the birth anniversary of Florence Nightingale.
  • The theme for International Nurses Day 2026 is “Our Nurses. Our Future. Empowered Nurses Save Lives”.
  • The International Council of Nurses (ICN) first began observing the occasion in 1965 and officially established the day in 1974.
  • The day was first suggested by Dorothy Sutherland, an employee of the US Department of Health, in 1953.
  • The World Health Organization (WHO) estimated a global nurse deficit of 5.8 million in 2025.

Related Current Affairs Coverage


V D Satheesan Appointed Chief Minister of Kerala

Key Updates:

  • V D Satheesan was appointed as the Chief Minister of Kerala on 14 May 2026.
  • The 61-year-old appointee previously served as the Leader of the Opposition.
  • The selection was made by the All India Congress Committee (AICC) following a three-way contest involving K C Venugopal and Ramesh Chennithala.
  • The appointment was announced by AICC general secretary in charge of Kerala, Deepa Dasmunsi.
  • Satheesan received support from the United Democratic Front (UDF) allies, including the Muslim League which has 22 MLAs.

Related Current Affairs Coverage

C. Joseph Vijay, chief of Tamilaga Vettri Kazhagam (TVK), took oath as the Chief Minister of Tamil Nadu at Nehru Stadium in Chennai. TVK emerged as the single largest party in the 2026 Assembly election with 108 seats in…

N Rangasamy, leader of the All India NR Congress (AINRC), took oath as the Chief Minister of Puducherry for a fifth term on May 13. Lieutenant Governor K Kailashnathan administered the oath of office and secrecy to…

The Union Cabinet approved the renaming of Kerala as Keralam on 25 February 2026. The Kerala Legislative Assembly passed unanimous resolutions in 2023 and 2024 urging the change.


Yoweri Museveni Sworn in as President of Uganda

Key Updates:

  • Yoweri Museveni was sworn in for a seventh term as the President of Uganda on 12 May 2026.
  • The swearing-in ceremony took place at the Kololo Independence Grounds in Kampala.
  • According to the Electoral Commission, Museveni won 71.65 per cent of the vote.
  • Museveni has served as leader for 40 years since taking office in 1986.
  • Opposition leader Robert Kyagulanyi, also known as Bobi Wine, received 24.72 per cent of the vote.

Related Current Affairs Coverage