Daily Current Affairs: 14 May 2026

India

01
India launches 'Mission Mausam' to boost weather forecasting
The Union Cabinet approved 'Mission Mausam' with an outlay of ₹2,000 crore to enhance weather and climate observations, modeling, and forecasting. The mission aims to improve preparedness for extreme weather events and climate resilience, which is crucial for agriculture and disaster management.
02
Supreme Court upholds validity of Aadhaar for welfare schemes
The Supreme Court dismissed a batch of petitions challenging the use of Aadhaar as proof of identity for accessing government welfare schemes. The court ruled that Aadhaar does not violate privacy rights when used for targeted delivery of subsidies and benefits, reinforcing its role in governance.
03
India and UAE sign Comprehensive Economic Partnership Agreement (CEPA) review
India and the UAE concluded the first review of their CEPA, aiming to expand trade in services and digital commerce. The agreement, in effect since 2022, has boosted bilateral trade to over $85 billion, making the UAE India's third-largest trading partner.

01
G7 Summit begins in Japan with focus on Ukraine and Indo-Pacific
The G7 Summit commenced in Hiroshima, Japan, with leaders discussing continued support for Ukraine, economic security, and Indo-Pacific stability. India was invited as a guest, highlighting its role in global governance and the Quad partnership.
02
WHO declares end of COVID-19 global health emergency
The World Health Organization officially declared that COVID-19 no longer constitutes a Public Health Emergency of International Concern (PHEIC), marking a symbolic end to the pandemic phase. The decision was based on declining deaths and hospitalizations, though the virus continues to circulate.
03
IMF approves $3 billion loan package for Pakistan
The International Monetary Fund (IMF) approved a $3 billion Stand-By Arrangement (SBA) for Pakistan to address its balance of payments crisis. The loan requires Pakistan to implement fiscal consolidation and energy sector reforms, impacting its economic stability.

01
India's retail inflation eases to 4.7% in April
India's Consumer Price Index (CPI) inflation fell to 4.7% in April 2026, down from 5.1% in March, remaining within the RBI's tolerance band. The decline was driven by lower food prices, giving the central bank room to maintain a status quo on interest rates.
02
RBI introduces 'Digital Rupee' for wholesale transactions
The Reserve Bank of India launched the Central Bank Digital Currency (CBDC) for wholesale transactions, aiming to reduce settlement risks and improve efficiency in interbank markets. The digital rupee is expected to complement existing payment systems and enhance financial inclusion.

01
ISRO successfully tests 'Gaganyaan' crew escape system
ISRO conducted a successful test of the crew escape system for the Gaganyaan mission, which aims to send Indian astronauts to space. The test validated the system's ability to safely eject the crew module in case of an emergency, a critical milestone for human spaceflight.

01
Indian women's cricket team wins T20 World Cup
The Indian women's cricket team defeated Australia by 5 runs in the final of the ICC Women's T20 World Cup held in South Africa. This was India's first T20 World Cup title, with player of the match Smriti Mandhana scoring a crucial half-century.

01
Nobel laureate Amartya Sen awarded 'Bharat Ratna'
The Government of India announced the Bharat Ratna, the country's highest civilian award, for Nobel laureate economist Amartya Sen. The award recognizes his contributions to welfare economics and social justice, including his work on poverty and famine.

Check your recall

This edition includes 10 practice questions based on the briefing.