Daily Current Affairs – May 15, 2026

In multiple cases, individuals have used dozens of fake permanent account numbers (PANs) with the same name but different addresses and dates of birth to transfer money under RBI's liberalised remittance scheme (LRS) which bars a resident from spending and investing more than $250,000 a year abroad.

India has banned sugar exports until September 30. This move aims to increase domestic availability by 4-5 lakh tonnes. The decision is a response to El Nino concerns and potential impacts on future production. While boosting buffer stocks, the ban may affect sugar mill owners' short-term finances. Overseas demand had recently surged, but this ban redirects those supplies inward.

Petrol crosses ₹107 mark, diesel above ₹93 in Jaipur after Centre hikes fuel prices by ₹3 per litre

This initiative aims at addressing the growing need for globally connected and interdisciplinary doctoral training

Gautam Adani was alleged in November 2024 to have agreed to pay more than $250 million in bribes to Indian officials for lucrative solar-energy supply contracts

The new High Commissioner paid tributes to the statues of Mahatma Gandhi in Tavistock Square and Parliament Square and to Babasaheb B.R. Ambedkar at Ambedkar House in London upon assuming charge

Oil marketing companies have raised petrol and diesel prices by up to Rs 3 per litre due to prolonged disruptions in the Strait of Hormuz and escalating global energy crisis. This move aims to alleviate financial pressure on OMCs, which have been absorbing losses amid soaring crude oil prices.

Indian mutual funds are significantly increasing their stakes in Adani Power, Adani Green Energy, and Adani Energy Solutions. This strategic shift indicates a strong conviction in India's electrification drive. These companies are seen as key players in meeting the nation's growing demand for electricity driven by data centers, electric vehicles, and manufacturing.

While the US-Iran conflict has intensified pressure on the rupee, experts said the currency’s weakness predates the war and reflects broader concerns over slowing capital inflows at a time when India’s current account deficit is expected to widen.

The move is expected to streamline cross-border payments for non-trade purposes such as overseas education, medical treatment, travel and family maintenance, while increasing transparency on foreign exchange rates and charges

A look at the 15-member squad indicates that average age of the team is around 23 years; only the pace bowlers Arshad Khan, Yudhvir Singh and Yash Thakur are the ones who are above 25 years of age.