15 May 2026 Current Affairs

May 15, 2026

Daily CA One‑Liner: May 15

Big rail boost for Gujarat – The Union Cabinet greenlit the Ahmedabad (Sarkhej)–Dholera Semi High‑Speed Double Line rail project at an estimated cost of ₹20,667 crore – a game‑changer for connectivity to the Dholera Special Investment Region.
Coal gasification gets ₹37,500 crore push – The Cabinet, chaired by PM Modi, approved a ₹37,500 crore scheme for surface coal and lignite gasification projects – aiming to cut import dependence and achieve the 100 million tonne gasification target by 2030.

PM Internship Scheme 2026 launched – The Central Government rolled out the Prime Minister Internship Scheme 2026 to give young people practical workplace experience and boost their employability – a step toward a future‑ready workforce.
Sugar exports banned until September – To keep domestic supplies steady and control inflation, the government imposed an immediate ban on sugar exports until 30 September 2026 – a sweet move for local consumers.
India sets 1 trillion export target** – After a record **863 billion in exports last financial year (2025‑26), India has now set an ambitious $1 trillion export target for the current fiscal – aiming high on the global trade map.
Assam approves draft Uniform Civil Code Bill – The Assam government gave the green light to the draft UCC Bill – a major legal and political development in the state.
Uber & Adani Group join forces for data centre – Uber partnered with the Adani Group to set up its first data centre in India – a big step for Uber’s digital and engineering footprint in one of its most important global markets.
Maize overtakes sugarcane for ethanol – India’s ethanol programme is seeing a quiet revolution – maize has become the largest ethanol feedstock , surpassing sugarcane‑based sources for the first time.
India hosts 10th Indian Ocean Dialogue – The 10th edition of the Indian Ocean Dialogue was held in New Delhi, with the theme “Indian Ocean Region in a Transforming World” – bringing together strategic voices from across the region.
RBI cancels Sarvodaya Co‑operative Bank’s licence – The Reserve Bank of India cancelled the banking licence of Sarvodaya Co‑operative Bank Limited , Mumbai, under the Banking Regulation Act – a tough but necessary step for depositor protection.
I4C & RBI Innovation Hub join hands against cyber fraud – The Indian Cyber Crime Coordination Centre (I4C) and the Reserve Bank Innovation Hub (RBIH) signed an MoU to strengthen AI‑based detection of mule accounts and cyber financial frauds – a much‑needed shield for digital banking.
FPI holding in Indian equities drops to 14% – Foreign Portfolio Investors’ stake in Indian stocks fell to 14% in June 2026 – the lowest level in nearly 14 years, reflecting sustained foreign selling pressure.
RBI relaxes norms for quarterly profits in CET1 capital –