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Daily Current Affairs Digest | 23rd May 2026 1. RBI Surplus Transfer to the Centre: Fiscal Space and Central Bank Balance Sheet The Reserve Bank of India has approved a record surplus transfer of around Rs 2.86 lakh crore to the Central Government for the accounting year 2025–26. This development is important because it connects …
Read MoreDaily Current Affairs Digest | 22nd May 2026 1. IN-SPACe Offers PSLV Technology Transfer to Private Industry India’s space sector has taken another major step towards private participation. IN-SPACe has offered full technology transfer of the Polar Satellite Launch Vehicle to eligible Indian private industries. This move can help private companies manufacture, integrate and commercialise …
Read MoreDaily Current Affairs Digest | 21st May 2026 1. India Semiconductor Mission 2.0: India’s Push for Chip Sovereignty India Semiconductor Mission 2.0 marks the next phase of India’s effort to build a strong domestic semiconductor ecosystem. The Union Budget 2026-27 announced ISM 2.0 with focus on semiconductor equipment, materials, full-stack Indian intellectual property, industry-led research, …
Read MoreDaily Current Affairs Digest | 20th May 2026 1. RBI Removes Investment Fluctuation Reserve Rule: Impact on Banks and Financial Stability The Reserve Bank of India (RBI) has discontinued the Investment Fluctuation Reserve (IFR) requirement for banks effective May 18, 2026. Previously, banks maintained this reserve to absorb losses from fluctuations in the value …
Read MoreDaily Current Affairs Digest | 19th May 2026 RBI Removes Investment Fluctuation Reserve Rule In a significant move for India’s banking sector, the Reserve Bank of India (RBI) discontinued the Investment Fluctuation Reserve (IFR) requirement for banks, effective May 18, 2026. The IFR was a prudential buffer that helped banks absorb losses from fluctuations in …
Read MoreDaily Current Affairs Digest | 18th May 2026 1. Transboundary Water Diplomacy: Indus Waters Treaty Impasse India has rejected the Court of Arbitration’s ruling on the Indus Waters Treaty dispute, asserting that the Court was illegally constituted and its award has no legal effect. The dispute centers on India’s run-of-the-river hydroelectric projects on the western …
Read MoreDaily Current Affairs Digest | 16th May 2026 India–UAE Ties Strengthened with $5 Billion Investment Push Prime Minister Narendra Modi and UAE President Sheikh Mohamed bin Zayed held high-level talks in Abu Dhabi, further strengthening the India–UAE Comprehensive Strategic Partnership. The UAE announced a major $5 billion investment commitment linked to cooperation in energy, defence, …
Read MoreDaily Current Affairs Digest | 16th May 2026 1. Karnataka Drafting Local Climate Action Plans Karnataka is preparing climate action plans for 5,994 gram panchayats and 340 urban local bodies. These plans are being aligned with the State’s 2024 revised climate action framework and India’s commitments under the Paris Agreement. This move is important because …
Read MoreDaily Current Affairs Digest | 14th May 2026 1. Sugar Export Ban Extended: Food Security vs Energy Goals India’s extension of the sugar export ban has become important because it directly links agriculture, food inflation, trade policy, ethanol blending, water use and farmer payments. The Government of India has prohibited the export of raw, white …
Read MoreDaily Current Affairs Digest | 13th May 2026 India Hosts BRICS Foreign Ministers’ Meeting India is hosting the BRICS Foreign Ministers’ Meeting on 14–15 May 2026 under India’s chairship. The meeting is being chaired by External Affairs Minister Dr. S. Jaishankar, with Foreign Ministers and Heads of Delegation from BRICS member and partner countries participating. …
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