Saturday, May 23

Daily Current Affairs: 23 May 2026

Daily current affairs for 23 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: 23 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. Reserve Bank of India (RBI) reports 2.6 times jump in credit card transactions
  2. National Commodity and Derivatives Exchange (NCDEX) launches India's first rainfall-based weather derivatives contract RAINMUMBAI
  3. Bajaj General Insurance Launches MHCP EDGE Plus Health Plan with Coverage up to INR 5 Crores
  4. Delhi Government Reinstates Green Helpline and Proposes ₹5 Crore Themed Forest Project
  5. Delhi Government hikes ration card income limit to ₹2.5 lakh
  6. JEEVAN App and SHATAYU Dashboard for Senior Citizens and Geriatric Care

Reserve Bank of India (RBI) reports 2.6 times jump in credit card transactions

Key Updates:

  • The Reserve Bank of India (RBI) stated in its Payment System Report, December 2025, that credit card transaction volumes increased from 216 crore in 2021 to 570 crore in 2025.
  • Credit card transaction value rose from ₹8.9 lakh crore in 2021 to ₹23.2 lakh crore in 2025, representing an annual growth rate of approximately 27 per cent.
  • Private sector banks increased their share in outstanding credit cards to 71.1 per cent in December 2025, while foreign banks' share declined to 3.8 per cent from 9.3 per cent in December 2021.
  • Digital payment transaction volumes increased 33 times between 2016 and 2025, with UPI QR codes growing to 7,313 lakh in December 2025 from 6,782 lakh in June 2025.
  • The Clearing Corporation of India Ltd (CCIL) plans to introduce bond forwards and non-deliverable forwards (NDFs), while AMC Repo Clearing Ltd intends to launch repo transactions in municipal bonds.

Related Current Affairs Coverage


National Commodity and Derivatives Exchange (NCDEX) launches India's first rainfall-based weather derivatives contract RAINMUMBAI

Key Updates:

  • National Commodity and Derivatives Exchange (NCDEX) announced the launch of RAINMUMBAI, a Securities and Exchange Board of India (SEBI)-approved exchange-traded weather derivatives contract, scheduled for May 29, 2026.
  • The contract was developed in collaboration with IIT Bombay and uses official rainfall data from the India Meteorological Department (IMD).
  • RAINMUMBAI is based on a scientifically structured Cumulative Deviation Rainfall (CDR) index, which measures deviation of actual rainfall from the Long Period Average (LPA) for monsoon months (June to September).
  • The framework is benchmarked against a robust 30-year historical dataset (1991–2020 LPA) to ensure transparency and reliability.
  • Unlike traditional insurance, these weather derivatives are settled purely on observed data, eliminating the need for loss assessment and enabling faster settlement cycles.

Related Current Affairs Coverage


Bajaj General Insurance Launches MHCP EDGE Plus Health Plan with Coverage up to INR 5 Crores

Key Updates:

  • Bajaj General Insurance Limited (formerly Bajaj Allianz General Insurance Company Limited) has launched 'My Health Care Plan Edge+' (MHCP EDGE+), a comprehensive health indemnity plan.
  • The plan offers sum insured options ranging from INR 5 Lakhs up to INR 5 Crores with unlimited reinstatement within a policy year.
  • Key features include a modular design with add-ons such as Consumables Plus, Super Cumulative Bonus, and Major Illness and Accident Multiplier.
  • The Age Shield rider allows customers to lock their premium at entry age until a claim is made, and Smart Tenure enables pooling of sum insured across the policy tenure.
  • The plan is available for individual and family floater options with lifetime renewability, policy tenures up to five years, and coverage starting from 3 months of age.

Related Current Affairs Coverage

The Department of Financial Services (DFS) under the Ministry of Finance launched the Bharat Maritime Insurance Pool (BMIP). The BMIP has a total capacity of USD 1.5 billion and a sovereign guarantee of USD 1.4 billion…


Delhi Government Reinstates Green Helpline and Proposes ₹5 Crore Themed Forest Project

Key Updates:

  • Delhi Chief Minister Rekha Gupta reinstated the Green Helpline (1800-118-600) and instituted a new standard operating procedure to report tree-related offences.
  • The Department of Forest and Wildlife floated a tender estimated at ₹5 crore to develop four themed forests named Tirthankar Van, Ritu Van, Rashi Van, and Panchvati Van on the Central Ridge.
  • The project envisages clearing over 40,000 square metres of forest land and authorises mechanised excavation, earthwork, and canopy pruning within the 1.5-billion-year-old forest area.
  • Data indicates the National Board for Wildlife (NBWL) approved 97 per cent of proposals between 2014 and 2026, clearing 2,121 out of 2,186 reviewed projects.
  • The Delhi government proposed establishing 13 new gaushalas (cow shelters), one in each district, to be integrated with the ridge and forest areas to address overcrowding.

Related Current Affairs Coverage

Joginipally Santosh Kumar, a former Member of Parliament (MP) in the Rajya Sabha, was conferred the title of "Global Green Icon" at the World Climate Leaders Conclave held at the House of Lords in London, United Kingdom…


Delhi Government hikes ration card income limit to ₹2.5 lakh

Key Updates:

  • The Delhi government has proposed to increase the income limit for ration card eligibility to ₹2.5 lakh per annum.
  • The current income criterion for ration card eligibility in Delhi is capped at ₹1.2 lakh per annum.
  • Approximately 7.72 lakh invalid ration cards have been cancelled by the government following an intensive audit.
  • The cancelled cards comprise 1.44 lakh beneficiaries not fulfilling the income criterion, 35,800 who did not receive ration, 29,580 who died, and 23,394 duplicates.
  • Chief Minister Rekha Gupta stated that no new ration cards had been issued in Delhi over the past 13 years.

Related Current Affairs Coverage


JEEVAN App and SHATAYU Dashboard for Senior Citizens and Geriatric Care

Key Updates:

  • The Ministry of Social Justice & Empowerment (MSJE) will organise a virtual programme on “Creating a Well-Functioning Care Economy” on 22 May 2026.
  • Union Minister Dr. Virendra Kumar will launch the JEEVAN Mobile Application for Senior Citizens.
  • The SHATAYU Dashboard will be launched to provide information on Geriatric Caregivers.
  • The care economy includes activities related to childcare, eldercare, disability support, health related home care, and domestic services.
  • The initiative aims to develop a comprehensive framework for care services by leveraging technology and community participation.

Related Current Affairs Coverage


India and African Union (AU) postpone Fourth India-Africa Forum Summit scheduled for May 28-31

Key Updates:

  • India and the African Union (AU) decided to postpone the Fourth India-Africa Forum Summit (IAFS IV).
  • The IAFS IV was originally scheduled to take place in New Delhi from May 28 to 31.
  • The summit was deferred due to the evolving public health situation in parts of Africa linked to the Ebola scare.
  • India expressed its readiness to contribute to efforts led by the Africa Centres for Disease Control and Prevention (Africa CDC) to address the health situation.
  • Over 30 heads of state and governments had confirmed their presence at the summit.

Related Current Affairs Coverage


India and South Korea jointly inaugurate Indian War Memorial in Seoul on 21 May 2026 to mark 75th anniversary of Korean War

Key Updates:

  • The Indian War Memorial at Imjingak Park in Seoul was jointly inaugurated by Defence Minister Rajnath Singh and South Korean Minister of Patriots and Veterans Affairs Kwon Oh-eul on 21 May 2026.
  • The memorial commemorates the 75th anniversary of the Korean War and honours the Indian Army's 60 Para Field Ambulance and the Custodian Force of India for their medical assistance and post-war peacekeeping during the 1950-53 conflict.
  • The 60 Para Field Ambulance, commanded by Lt Col A G Rangaraj, Maha Vir Chakra, was given the title 'Maroon Angels' by South Korean civilians and soldiers for its humanitarian work under heavy crossfire.
  • The two ministers signed a memorandum of understanding (MoU) aimed at cooperation in honouring Korean War veterans and released a memoir dedicated to soldiers who served during the conflict.
  • The memorial stands at the site where the Custodian Force of India established 'Hind Nagar' in September 1954, housing nearly 22,000 prisoners of war before their peaceful repatriation.

Related Current Affairs Coverage


India Fast-tracks Rs 2,600 Crore Hydropower Projects on Chenab River on 21 May 2026

Key Updates:

  • India has launched two major projects worth nearly Rs 2,600 crore on the Chenab River after putting the Indus Waters Treaty (IWT) framework with Pakistan in abeyance.
  • The National Hydroelectric Power Corporation (NHPC) will execute the projects, including the Rs 2,352 crore Chenab–Beas Link Tunnel Project in the Lahaul-Spiti region of Himachal Pradesh.
  • The Chenab–Beas Link Tunnel involves constructing an 8.7-km tunnel and a 19-metre-high barrage to divert water from the Chandra river into the Beas river system.
  • The Dulhasti Stage-II project in the Kishtwar district of Jammu and Kashmir aims to increase hydropower generation capacity near Koskar village.
  • The Centre has also fast-tracked other Chenab basin projects, including the 1,856-MW Sawalkote project in Ramban district, alongside Kiru, Kwar, Ratle, and Pakal Dul.

Related Current Affairs Coverage


India and Sweden Upgrade Bilateral Ties to Strategic Partnership

Key Updates:

  • India and Sweden have upgraded their bilateral ties to a Strategic Partnership.
  • The two nations launched the Joint Innovation Partnership 2.0 and the India-Sweden Technology and Artificial Intelligence (AI) Corridor.
  • India and Sweden have set an ambitious goal to double their bilateral trade in the next five years.
  • Prime Minister Narendra Modi was conferred with the Royal Order of the Polar Star, Degree Commander Grand Cross.
  • The India-Middle East-Europe Economic Corridor (IMEC) was highlighted as a connectivity project adding value to the India-Europe business partnership.
  • Collaboration areas identified include telecom and digital infrastructure, electronics, deep tech manufacturing, AI, green energy, infrastructure, mobility, urban transformation, healthcare, and life science.
  • Swedish companies were invited to participate in the Make in India initiative, the National Green Hydrogen Mission, and the National Critical Mineral Mission.

Related Current Affairs Coverage

Prime Minister Narendra Modi was conferred with the Royal Order of the Polar Star, Degree Commander Grand Cross, by Sweden. The award is the highest honour granted to a Head of Government by the Scandinavian nation and…


Tata Power and Druk Green Power Corporation (DGPC) Sign Pact for Clean Energy Training in Bhutan

Key Updates:

  • Tata Power and Druk Green Power Corporation (DGPC) signed an initial pact to build a training framework for developing 5,000 MW clean energy capacity in Bhutan.
  • The training programmes will be delivered through the Tata Power Skill Development Institute (TPSDI) to bridge the skill gap in the power sector.
  • The Memorandum of Understanding (MoU) was signed by Praveer Sinha, CEO and Managing Director of Tata Power, and Dasho Chhewang Rinzin, Managing Director of DGPC.
  • TPSDI operates a robust training network across India, offering hands-on training in thermal, hydel, and renewable energy technologies.
  • The collaboration focuses on technologies including solar, wind, and green hydrogen to strengthen local capabilities for the clean energy sector in Bhutan.

Related Current Affairs Coverage


Indian Navy launches Next Generation Offshore Patrol Vessel Sanghmitra on 21 May 2026

Key Updates:

  • The Indian Navy launched 'Sanghmitra', a Next Generation Offshore Patrol Vessel (NGOPV), at Garden Reach Shipbuilders & Engineers (GRSE) in Kolkata.
  • The vessel, designated as Yard 3039, was launched by Sarita Vatsayan, Vice President of the Navy Welfare and Wellness Association (NWWA).
  • 'Sanghmitra' is part of a programme to build 11 NGOPVs simultaneously at two shipyards, namely GRSE and Goa Shipyard Limited.
  • The ship is named after the daughter of Emperor Ashoka and its crest features the constellation Ursa Major and a red-and-white lighthouse motif.
  • The vessels are designed for maritime surveillance, coastal and offshore defence, search and rescue operations, humanitarian assistance and disaster relief (HADR), anti-piracy patrols, and protection of offshore assets.

Related Current Affairs Coverage


NIBE Limited tests Suryastra rockets with 300 km range off Odisha on May 18 and 19, 2026

Key Updates:

  • NIBE Limited (NIBE) successfully conducted firing demonstrations of EXTRA (150 km range) and Predator Hawk (300 km range) "Suryastra" rockets.
  • The trials were carried out on May 18 and 19, 2026, at the Integrated Test Range (ITR) in Chandipur, Odisha.
  • The rockets achieved a circular error probable (CEP) of 1.5 m and 2 m respectively, validating long-range precision strike capabilities.
  • The Indian Army issued a purchase order in January for the supply of Suryastra rockets and the universal rocket launcher under emergency procurement.
  • Suryastra is India's first indigenous, universal multi-calibre rocket launcher system featuring a modular launcher and shoot-and-scoot capabilities on an all-terrain tactical truck chassis.

Related Current Affairs Coverage


Indian Council of Agricultural Research (ICAR) develops world's first AI-designed gene editor for crops

Key Updates:

  • Scientists at the Indian Council of Agricultural Research (ICAR) Central Rice Research Institute developed the world's first AI-designed genome-editing tool for plants.
  • The tool functions as a molecular scalpel to rewrite plant DNA to develop traits such as disease resistance, climate resilience, and higher yield.
  • Unlike existing CRISPR systems that rely on naturally occurring microbial proteins, this tool uses artificial intelligence to design entirely new enzymes from scratch.
  • The research team was led by scientist Kutubuddin Ali Molla.
  • The AI-designed enzymes enable gene knockout, base editing, and prime editing in crops.

Related Current Affairs Coverage


East Bengal FC wins Indian Super League (ISL) title

Key Updates:

  • East Bengal FC (EBFC) secured their first Indian Super League (ISL) title by defeating Inter Kashi 2-1 at the Kishore Bharati Krirangan in Kolkata.
  • The victory ended a 22-year-old top-tier title drought for the club, which last won the domestic league during the 2003-04 season of the National Football League (NFL).
  • EBFC finished the campaign with 26 points from 13 matches, winning the championship on a superior goal difference of 19 compared to the 13 of Mohun Bagan Super Giant (MBSG).
  • Striker Youssef Ezzejjari won the Golden Boot award after finishing as the highest goal-scorer of the league with 11 strikes from 13 matches.
  • The ISL season followed a shortened, single-leg round-robin format consisting of 13 matches where the league table topper was crowned the outright champion without post-season playoffs.

Related Current Affairs Coverage

India defended their T20 World Cup title by beating New Zealand by 96 runs in the final at Narendra Modi Stadium, Ahmedabad. India posted 255 for 5 in 20 overs; Sanju Samson top-scored with 89 off 46 balls.


International Biodiversity Day theme Acting Locally for Global Impact

Key Updates:

  • The theme for International Biodiversity Day is Acting Locally for Global Impact.
  • The Alliance of Bioversity and CIAT (Alliance) houses Future Seeds, a conservation and research hub containing 67,000 samples of beans, cassava, and tropical forages.
  • The 3rd International Agrobiodiversity Congress was convened in Kunming, China, by the Alliance, Chinese Academy of Agricultural Sciences (CAAS), and Yunnan University.
  • The Kunming Manifesto on Agrobiodiversity was adopted as a guide for decision-makers to better incorporate agrobiodiversity in food and land systems.
  • The Convention on Biological Diversity (CBD) established the initiative on Biodiversity for Food and Nutrition to collect scientific examples for national strategies and action plans.

Related Current Affairs Coverage

India has risen from the ninth to the second-largest honey exporter globally in five years, exporting over one lakh metric tonnes last year. The National Beekeeping and Honey Mission (NBHM) is supported by an investment…


World Fair Play Day observed on 19 May

Key Updates:

  • World Fair Play Day is celebrated on 19 May every year to highlight fair play in the world of sport.
  • The day was officially designated through a resolution passed by the United Nations (UN) in July 2024.
  • The International Fair Play Committee (CIFP), headquartered in Paris, was founded in 1963 by French tennis player Jean Borotra.
  • Italian bobsledder Eugenio Monti became the first winner of a Fair Play Award in 1964.
  • The CIFP announced the launch of the Fair Play Academic Circle, a research and educational resource led by Dr Sigmund Loland.

Related Current Affairs Coverage

World Theatre Day is celebrated annually on March 27 to honour the art of theatre and its impact on society. The International Theatre Institute (ITI) established World Theatre Day in 1961.


Kyle Busch Passes Away as NASCAR Icon

Key Updates:

  • Kyle Busch, a National Association for Stock Car Auto Racing (NASCAR) icon, died at the age of 41 following a severe illness.
  • He was a two-time NASCAR Cup Series champion, winning the title in 2015 and 2019.
  • He recorded 234 victories across three national series, which is more than any other driver in the sport's history.
  • He is the winningest driver in the NASCAR O'Reilly Auto Parts and Craftsman Truck Series with 102 and 69 victories respectively.
  • A Las Vegas native, he began competing at the top level of NASCAR in 2005 and joined Richard Childress Racing (RCR) in 2023.

Related Current Affairs Coverage

Phil Campbell passed away peacefully at the age of 64 after a long stay in intensive care following a complex major operation. He served as the guitarist for the heavy-metal band Motörhead from 1984 until the group…


Yáng Shuāng-zǐ and Lin King Win International Booker Prize 2026

Key Updates:

  • Yáng Shuāng-zǐ and translator Lin King won the International Booker Prize 2026 for the novel Taiwan Travelogue, which was originally published in Mandarin Chinese in 2020.
  • The £50,000 prize money is divided equally between the author and the translator, and the award was presented at a ceremony held at the Turbine Hall in London’s Tate Modern, United Kingdom (UK).
  • Taiwan Travelogue is the first book translated from Mandarin Chinese to win the prize, making Yáng Shuāng-zǐ the first Taiwanese author and Lin King the first Taiwanese and American translator to receive the honour.
  • The 2026 judging panel was chaired by author Natasha Brown and included Marcus du Sautoy, Sophie Hughes, Troy Onyango, and award-winning novelist and columnist Nilanjana S. Roy.
  • The winning title was published by the Sheffield-based independent press And Other Stories, which also published the 2025 winner Heart Lamp, the first collection of short stories to win the prize and the first translated from Kannada.

Related Current Affairs Coverage

Vairamuthu has been conferred the 60th Jnanpith Award, India’s highest literary honour, announced by Bharatiya Jnanpith on Saturday. He becomes the third Tamil writer to receive the Jnanpith Award after Akilan and…


Tripti Mukherjee to Receive Padma Shri for Contribution to Kantha Stitch Embroidery

Key Updates:

  • President Droupadi Murmu will confer the Padma Shri on Kantha stitch artist Tripti Mukherjee at a ceremony scheduled for 25 May.
  • Mukherjee has over 37 years of experience in Kantha stitch embroidery and is recognised for preserving the traditional craft and creating livelihood opportunities for marginalised women.
  • She established a training centre in Suri, West Bengal, to teach women the art of Kantha stitch embroidery for products including sarees, wall hangings, bed sheets, stoles, and dupattas.
  • She represented India at a project in Birmingham, United Kingdom, in 2017 and at the 14th India Trend Fair in Tokyo in 2025, which was organised by the Export Promotion Council for Handicrafts (EPCH).
  • Her previous honours include the National Award Certificate in 2010, the Shilp Guru Award in 2016 from the Ministry of Textiles, and the Bangashree Award from the West Bengal government in 2017.

Related Current Affairs Coverage

Krishnan Raghavan, pen-name 'Kitna', was posthumously awarded the Padma Shri for 2023. He belonged to the Alu Kurumba tribal community, a Particularly Vulnerable Tribal Group (PVTG) of the Nilgiris, Tamil Nadu.


Gp Capt. K.K. Venugopal named Fellow of Society of Experimental Test Pilots (SETP)

Key Updates:

  • Gp Capt. K.K. Venugopal has become the first Indian test pilot to be elected as a Fellow of the Society of Experimental Test Pilots (SETP).
  • Gp Capt. Venugopal is the Executive Director and Chief Test Pilot (Fixed Wing) of Hindustan Aeronautics Limited (HAL).
  • The SETP is a global community of test pilots and aerospace professionals based in Lancaster, California, USA.
  • The honour was conferred in recognition of his contributions as an Experimental Test Pilot (ETP) throughout a career spanning over 25 years.
  • Gp Capt. Venugopal has been involved in indigenous programmes including Saras LTA, LCA Mk I, HTT 40, HJT 36, and LCA Mk IA.

Related Current Affairs Coverage

Manindra Agrawal, Director of the Indian Institute of Technology Kanpur (IIT Kanpur), has been elected a Fellow of the Royal Society. The Royal Society is the national academy of sciences of the United Kingdom, founded…