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Daily 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. …
Read MoreDaily Current Affairs Digest | 12th May 2026 1. India to Host Fourth India-Africa Forum Summit in New Delhi India will host the Fourth India-Africa Forum Summit (IAFS-IV) in New Delhi from 28 to 31 May 2026. The summit will be held in partnership with the African Union Commission and will witness the participation of …
Read MoreDaily Current Affairs Digest | 11th May 2026 PM Modi Appeals for Self-Reliance Amid West Asia Crisis Prime Minister Narendra Modi urged citizens to support the nation during the ongoing West Asia crisis by adopting responsible economic and consumption practices. He appealed to people to conserve foreign exchange, reduce fuel consumption, limit discretionary spending, and …
Read MoreDaily Current Affairs Digest | 9th May 2026 China-Pakistan Defence Cooperation Deepens China formally confirmed that it provided on-site technical support to Pakistan’s Air Force for J-10CE fighter jets during Operation Sindoor 2025. This development has intensified discussions around Sino-Pak defence interoperability and strengthened India’s long-standing assessment of a possible two-front security challenge. For India, …
Read MoreDaily Current Affairs Digest | 8th May 2026 Russia Announces 3-Day Ceasefire During Victory Day Commemoration Russia announced a three-day ceasefire coinciding with the 81st Victory Day, which marks the end of World War II on May 9. The move carries both symbolic and diplomatic importance, as it comes amid the continuing Russia-Ukraine conflict. While …
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