Daily Current Affairs May 14

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May 14 | Daily Current Affairs 2026

Important Days – Daily Current Affairs May 14

1. What is the theme of International Day of Families 2026?
A) Families and Sustainable Cities
B) Families, Inequalities and Child Wellbeing
C) Families and Climate Action
D) Strong Families for Global Peace
E) Child Rights and Social Justice
Answer: B) Families, Inequalities and Child Wellbeing.

Event and Location:

• Event: The International Day of Families 2026 will be observed to highlight family wellbeing and issues affecting families worldwide.
• Location: The observance will be held globally, with United Nations events at UN Headquarters in New York.
• Date: The day will be observed on 15 May 2026.

Mandates and Objectives:

• Mandates: The observance promotes global awareness about the role of families and encourages policy discussions on family-related challenges.
• Objectives: The 2026 theme aims to address inequalities affecting families and improve child wellbeing through family-oriented social policies.

Important Terms Explained:

• International Day of Families: It is a United Nations observance marked every year on 15 May to highlight the importance of families in society.
• Family-Oriented Policies: These are policies designed to support families through measures such as childcare, parental leave, healthcare, education, and social protection.
• Social Protection Systems: These are government-supported programmes that help people manage poverty, income insecurity, health risks, and social vulnerability.
• Child Wellbeing: It refers to the overall health, education, safety, emotional development, and quality of life of children.

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Banking and Finance – Daily Current Affairs May 14

2. Which bank’s licence was cancelled by the Reserve Bank of India with immediate effect in May 2026?
A) Saraswat Co-operative Bank
B) Sarvodaya Co-operative Bank
C) Punjab and Maharashtra Co-operative Bank
D) Maharashtra State Co-operative Bank
E) Bharat Co-operative Bank
Answer: B) Sarvodaya Co-operative Bank.

Event and Location:

• Event: The Reserve Bank of India cancelled the licence of Sarvodaya Co-operative Bank Ltd. with immediate effect.
• Location: The bank is based in Mumbai, Maharashtra.
• Date: The order came into effect after business hours on 12 May 2026.

Mandates and Objectives:

• Mandates: The RBI revoked the banking licence of Sarvodaya Co-operative Bank due to weak finances, inadequate capital, poor earnings prospects, and regulatory non-compliance.
• Objectives: The action aims to protect depositor interests, prevent unsafe banking operations, and initiate the winding-up process through Maharashtra’s cooperative authorities.

Important Terms Explained:

• Banking Regulation Act, 1949: It is the main law governing banking companies and certain cooperative banks in India.
• Deposit Insurance and Credit Guarantee Corporation: It is an RBI-owned institution that provides insurance cover for bank deposits up to ₹5 lakh per depositor.
• Winding Up: It is the legal process of closing a bank or company and settling its liabilities under supervision.
• Liquidator: It is an official appointed to manage the closure of an institution and distribute available assets to eligible claimants.

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Business and Economy – Daily Current Affairs May 14

3. Until which date has India imposed an immediate ban on sugar exports?
A) 31 March 2026
B) 30 June 2026
C) 30 September 2026
D) 31 December 2026
E) 31 March 2027
Answer: C) 30 September 2026.

Event and Location:

• Event: India imposed an immediate ban on sugar exports to safeguard domestic supply and control inflation risks.
• Location: The export ban applies across India.
• Date: The ban was reported on 14 May 2026 and will remain in force until 30 September 2026 or further orders.

Mandates and Objectives:

• Mandates: The Directorate General of Foreign Trade changed the sugar export policy from restricted to prohibited for raw sugar, white sugar, and refined sugar.
• Objectives: The decision aims to protect domestic sugar availability, manage inflation risks, and prevent supply pressure during the 2025-26 sugar season.

Important Terms Explained:

• Directorate General of Foreign Trade: It is an agency under the Ministry of Commerce and Industry that regulates India’s foreign trade policy and export-import rules.
• Restricted Export: It refers to an export category where goods can be exported only under specific conditions or with government permission.
• Prohibited Export: It refers to an export category where shipment of goods is not allowed, except under approved exemptions.
• Tariff-Rate Quota: It is a trade arrangement that allows a fixed quantity of goods to be imported at a lower tariff rate, while higher tariffs apply beyond that quota.

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4. What export target did Piyush Goyal announce while releasing the LEADS 2025 report?
A) $500 billion
B) $750 billion
C) $863 billion
D) $1 trillion
E) $1.5 trillion
Answer: D) $1 trillion.

Event and Location:

• Event: Commerce and Industry Minister Piyush Goyal announced India’s $1 trillion export target while releasing the LEADS 2025 report and honouring logistics leaders at the LEAPS 2025 awards.
• Location: The event was held in New Delhi.
• Date: The announcement was reported on 14 May 2026.

Mandates and Objectives:

• Mandates: The government announced a roadmap to achieve India’s $1 trillion export target and highlighted logistics performance through the LEADS 2025 report and LEAPS 2025 awards.
• Objectives: The initiative aims to strengthen India’s export growth, improve logistics efficiency, expand trade agreements, and enhance India’s position in global trade.

Important Terms Explained:

• LEADS 2025 Report: It is a logistics performance-related report released to assess and improve logistics efficiency across India.
• LEAPS 2025 Awards: These awards recognise logistics sector leaders and contributors for improving India’s logistics ecosystem.
• Free Trade Agreement: It is a trade arrangement between countries or blocs that reduces or removes trade barriers such as tariffs and quotas.
• Gulf Cooperation Council: It is a regional grouping of six Gulf countries, namely Saudi Arabia, Qatar, Kuwait, Bahrain, Oman, and the UAE.

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5. What is the name of the AI-native lending infrastructure platform launched by FinBox?
A) CreditFlow
B) LoanMate
C) Atlas
D) FinSure
E) LendGrid
Answer: C) Atlas.

Event and Location:

• Event: FinBox launched Atlas, an AI-native lending infrastructure platform to improve loan processing and borrower onboarding.
• Location: The platform targets India’s digital lending market.
• Date: The launch was reported on 14 May 2026.

Mandates and Objectives:

• Mandates: FinBox introduced Atlas with modules for borrower onboarding, document handling, loan file preparation, discrepancy detection, and fraud flagging.
• Objectives: The platform aims to reduce loan processing time from around three weeks to 24 hours and improve application completion rates for banks and NBFCs.

Important Terms Explained:

• AI-Native Lending Platform: It is a lending infrastructure platform built with artificial intelligence at its core to automate loan processing workflows.
• Loan Origination Process: It refers to the complete process of applying for, processing, underwriting, and approving a loan.
• Underwriting: It is the assessment process used by lenders to evaluate a borrower’s creditworthiness and loan eligibility.
• NBFCs: These are Non-Banking Financial Companies that provide financial services such as loans and credit without holding a full banking licence.

Tabular Summary:

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6. Which group has Uber partnered with to set up its first data centre in India?
A) Tata Group
B) Reliance Industries
C) Adani Group
D) Mahindra Group
E) Bharti Enterprises
Answer: C) Adani Group.

Event and Location:

• Event: Uber partnered with the Adani Group to set up its first data centre in India.
• Location: The announcement was made after a meeting in Ahmedabad, Gujarat.
• Date: The development was reported on 14 May 2026.

Mandates and Objectives:

• Mandates: Uber announced a partnership with Adani Group to build its first Indian data centre and expand its digital and engineering infrastructure.
• Objectives: The partnership aims to strengthen Uber’s digital backbone, support technology deployment from India, and improve scalability for global operations.

Important Terms Explained:

• Data Centre: It is a facility that houses computing systems used for storing, processing, and managing digital data.
• Digital Infrastructure: It refers to the technology systems, networks, servers, and platforms that support digital services and online operations.
• Latency: It refers to the delay between a user action and the response of a digital system or application.
• AI and Machine Learning Systems: These are technology systems that use data and algorithms to automate decisions, improve predictions, and support intelligent digital services.

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7. Which feedstock became India’s largest contributor to ethanol production in ESY 2025-26?
A) Sugarcane juice
B) Surplus rice
C) Maize
D) Damaged food grains
E) Molasses
Answer: C) Maize.

Event and Location:

• Event: Maize became India’s largest ethanol feedstock, surpassing sugarcane-linked sources in the ethanol programme.
• Location: The development relates to India’s clean fuel and ethanol production ecosystem.
• Date: The development was reported on 14 May 2026.

Mandates and Objectives:

• Mandates: India’s ethanol programme recorded a major shift as maize emerged as the top feedstock during the first half of Ethanol Supply Year 2025-26.
• Objectives: The shift aims to strengthen ethanol supply, support clean fuel transition, reduce dependence on sugarcane-linked cycles, and improve feedstock scalability for higher blending targets.

Important Terms Explained:

• Ethanol Supply Year: It refers to the annual cycle used for ethanol procurement and supply under India’s ethanol blending programme.
• Ethanol Feedstock: It refers to raw materials such as maize, rice, damaged food grains, sugarcane juice, or molasses used to produce ethanol.
• E20 Blending: It refers to blending 20% ethanol with petrol to reduce fossil fuel dependence and promote cleaner fuel use.
• All India Distillers Association: It is an industry body representing distilleries and compiling estimates related to ethanol and alcohol production in India.

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Appointments – Daily Current Affairs May 14

8. Who was sworn in for a seventh term as the President of Uganda?
A) Bobi Wine
B) Yoweri Museveni
C) Paul Kagame
D) William Ruto
E) Cyril Ramaphosa
Answer: B) Yoweri Museveni.

Event and Location:

• Event: Yoweri Museveni was sworn in for a seventh term as the President of Uganda.
• Location: The swearing-in ceremony was held in Kampala, Uganda.
• Date: The event was reported on 14 May 2026.

Mandates and Objectives:

• Mandates: Yoweri Museveni took the oath of office after winning Uganda’s January 2026 presidential election.
• Objectives: The swearing-in marked the continuation of Museveni’s presidency and extended one of the longest political rules in modern Africa.

Important Terms Explained:

• Presidential Election: It is an electoral process through which voters choose the head of state or head of government of a country.
• Electoral Commission: It is an official body responsible for conducting elections and announcing election results.
• Presidential Term Limits: These are constitutional restrictions that limit how many terms a person can serve as president.
• Presidential Age Limits: These are legal provisions that set the minimum or maximum age for contesting presidential elections.

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9. Who has been named Kerala’s next Chief Minister by the Indian National Congress after the UDF’s election victory?
A) KC Venugopal
B) Ramesh Chennithala
C) VD Satheesan
D) Pinarayi Vijayan
E) Shashi Tharoor
Answer: C) VD Satheesan.

Event and Location:

• Event: The Indian National Congress named VD Satheesan as Kerala’s next Chief Minister after the UDF’s decisive election victory.
• Location: The development relates to Kerala.
• Date: The announcement was reported on 14 May 2026.

Mandates and Objectives:

• Mandates: The Congress selected VD Satheesan to lead Kerala after the United Democratic Front secured a strong mandate in the Assembly elections.
• Objectives: The decision aims to provide leadership for the new UDF government and end uncertainty over the Chief Ministerial post.

Important Terms Explained:

• United Democratic Front: It is a Congress-led political alliance in Kerala that contested the Assembly elections and secured a decisive victory.
• Indian National Congress: It is a major national political party in India and the leading party of the United Democratic Front in Kerala.
• Leader of Opposition: It is the position held by the leader of the largest opposition party or alliance in a legislative assembly.
• Two-Thirds Majority: It refers to a legislative strength where a party or alliance wins at least two-thirds of the total seats.

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International Affairs – Daily Current Affairs May 14

10. Who chaired the BRICS Foreign Ministers Meeting 2026 held in New Delhi?
A) Narendra Modi
B) S. Jaishankar
C) Piyush Goyal
D) Rajnath Singh
E) Amit Shah
Answer: B) S. Jaishankar.

Event and Location:

• Event: The BRICS Foreign Ministers Meeting 2026 began as a two-day diplomatic gathering ahead of India’s BRICS Chairmanship 2026.
• Location: The meeting was held in New Delhi, India.
• Date: The meeting began on 14 May 2026.

Mandates and Objectives:

• Mandates: The meeting brought together foreign ministers, heads of delegation, and representatives from BRICS member and partner countries to discuss major international issues.
• Objectives: The meeting aims to strengthen cooperation on geopolitics, regional security, economic partnership, sustainable development, innovation, and multilateral institutional reforms.

Important Terms Explained:

• BRICS: It is a grouping of emerging economies that works on cooperation in areas such as economy, development, security, finance, and global governance.
• BRICS Chairmanship: It refers to the annual leadership role held by a member country to guide the grouping’s agenda, meetings, and priorities.
• Multilateral Institutions: These are international organisations involving multiple countries that work on global issues such as trade, finance, security, and development.
• Regional Security: It refers to efforts by countries to maintain peace, stability, and cooperation within a specific geographic region.

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Schemes – Daily Current Affairs May 14

11. What is the main objective of the Prime Minister Internship Scheme 2026?
A) To provide foreign scholarships to youth
B) To provide practical workplace experience to youth
C) To offer permanent government jobs
D) To promote only online education
E) To provide loans for startups
Answer: B) To provide practical workplace experience to youth.

Event and Location:

• Event: The Central Government launched the Prime Minister Internship Scheme to provide practical workplace experience to youth.
• Location: The scheme will be implemented across India.
• Date: The details were reported on 14 May 2026.

Mandates and Objectives:

• Mandates: The scheme provides 12-month internship opportunities in leading companies across different sectors for eligible young candidates.
• Objectives: The scheme aims to bridge the gap between classroom education and industry expectations by improving employability and job readiness among youth.

Important Terms Explained:

• Prime Minister Internship Scheme: It is a Central Government initiative designed to provide hands-on industry experience to young people across India.
• Industrial Training Institutes: These are training institutions that provide technical and vocational education to students for employment-oriented skills.
• Skill Development Centres: These are institutions that train candidates in job-oriented skills to improve their employability and workplace readiness.
• Pilot Phase: It refers to the initial implementation stage of a scheme before wider expansion.

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12. What is the total financial outlay of the coal and lignite gasification scheme approved by the Union Cabinet?
A) ₹20,667 crore
B) ₹25,000 crore
C) ₹37,500 crore
D) ₹50,000 crore
E) ₹75,000 crore
Answer: C) ₹37,500 crore.

Event and Location:

• Event: The Union Cabinet approved the Coal and Lignite Gasification Scheme worth ₹37,500 crore.
• Location: The scheme will be implemented across India.
• Date: The approval was announced on 14 May 2026.

Mandates and Objectives:

• Mandates: The Union Cabinet approved an incentive scheme to promote surface coal and lignite gasification projects across India.
• Objectives: The scheme aims to reduce India’s dependence on imported fuels and industrial chemicals by using domestic coal and lignite reserves more efficiently.

Important Terms Explained:

• Coal Gasification: It is a process in which coal is converted into synthetic gas instead of being directly burned.
• Lignite Gasification: It refers to the conversion of lignite, a lower-grade coal, into syngas for producing fuels, fertilizers, and chemicals.
• Syngas: It is a gas mixture mainly containing hydrogen, carbon monoxide, and small amounts of carbon dioxide and methane.
• Synthetic Natural Gas: It is a gas produced through industrial processes and can be used as a substitute for natural gas.

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National Affairs – Daily Current Affairs May 14

13. Which rail project was approved by the Union Cabinet as India’s first semi high-speed railway corridor on 13 May 2026?
A) Mumbai-Ahmedabad Bullet Train Project
B) Ahmedabad-Dholera Semi High-Speed Double Line Rail Project
C) Delhi-Meerut Regional Rapid Transit System
D) Chennai-Bengaluru Industrial Corridor Rail Project
E) Vande Bharat Sleeper Corridor Project
Answer: B) Ahmedabad-Dholera Semi High-Speed Double Line Rail Project.

Event and Location:

• Event: The Union Cabinet approved the Ahmedabad-Dholera Semi High-Speed Double Line Rail Project worth ₹20,667 crore.
• Location: The project will connect Ahmedabad, Dholera, Dholera International Airport, and Lothal National Maritime Heritage Complex in Gujarat.
• Date: The project was approved on 13 May 2026.

Mandates and Objectives:

• Mandates: The Cabinet Committee on Economic Affairs approved a semi high-speed double line railway corridor under the Ministry of Railways.
• Objectives: The project aims to improve regional connectivity, passenger mobility, and infrastructure development between Ahmedabad and key growth hubs in Dholera.

Important Terms Explained:

• Cabinet Committee on Economic Affairs: It is a Cabinet committee that takes major decisions on economic policies, infrastructure projects, and investment proposals.
• Semi High-Speed Rail: It refers to a railway system designed to operate at speeds higher than conventional trains but lower than full high-speed rail systems.
• Dholera Special Investment Region: It is a planned industrial and investment region in Gujarat aimed at supporting large-scale industrial growth and urban development.
• Indigenous Technology: It refers to technology developed within India to promote self-reliance and domestic capability in infrastructure and manufacturing.

Tabular Summary:

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14. Which state cabinet approved the draft Uniform Civil Code Bill covering marriage, divorce, succession and live-in relationships?
A) Gujarat
B) Uttarakhand
C) Assam
D) Maharashtra
E) Karnataka
Answer: C) Assam.

Event and Location:

• Event: The Assam Cabinet approved the draft Uniform Civil Code Bill along with development and governance measures.
• Location: The development relates to Assam.
• Date: The Bill is expected to be introduced in the Assam State Assembly on 26 May 2026.

Mandates and Objectives:

• Mandates: The Assam Cabinet approved a draft Bill covering civil matters such as marriage, divorce, succession, live-in relationships, and compulsory registration of marriage and divorce.
• Objectives: The proposed law aims to create legal uniformity in civil matters while exempting tribal communities, religious rituals, traditional customs, cultural practices, and community traditions.

Important Terms Explained:

• Uniform Civil Code: It refers to a common set of civil laws applicable to citizens regardless of religion in matters such as marriage, divorce, inheritance, adoption, and succession.
• Compulsory Marriage Registration: It means that marriages must be officially registered with the designated authority for legal recognition and documentation.
• Property Succession: It refers to the legal process through which property is transferred to heirs after a person’s death.
• Personal Laws: These are religion-based laws that govern family and civil matters such as marriage, divorce, inheritance, and adoption in India.

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