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Daily Current Affairs 15 May 2026

16 News

National

The Ministry of AYUSH has signed an MoU with the Digital India BHASHINI Division to enhance multilingual digital services. The collaboration aims to integrate AI-powered multilingual access across various digital platforms and services of AYUSH. Under the partnership, BHASHINI technologies will be utilized to provide services related to AYUSH in all 22 Scheduled Indian languages.

Economy

Gujarat CM Bhupendra Patel has inaugurated the second edition of the “India Aircraft Leasing and Financing Summit” (IALFS 2.0) at the Gujarat International Finance Tec-City (GIFT City) in Gandhinagar.

The summit was organised through a collaboration between the Ministry of Civil Aviation (MoCA), the International Financial Services Centres Authority (IFSCA), and the Federation of Indian Chambers of Commerce & Industry (FICCI). Union Minister Ram Mohan Naidu presided over the summit. During the event, he highlighted that India is set to emerge as the third-largest civil aviation market in the world by 2035.

Banking

Agreements

The Ministry of Textiles has signed an MoU with the Indian Council for Research on International Economic Relations (ICRIER) to conduct evidence-based policy research in the textile and apparel sector.

The collaboration aims to support the formulation of data-driven and analytically robust policies to strengthen the domestic textile industry.

International

India has hosted the 10th edition of the Indian Ocean Dialogue (IOD-10) in New Delhi under the theme “Indian Ocean Region in a Transforming World”. The event was organized by the Ministry of External Affairs in collaboration with the Indian Council of World Affairs (ICWA) and the Indian Ocean Rim Association (IORA) Secretariat.

India holds the chairship of the IORA for the 2025-2027 period. The inaugural session of the IOD-10 was addressed by Union Minister Sarbananda Sonowal and ministerial representatives from Mauritius and Yemen. During the session, Sarbananda Sonowal highlighted that the participation of women in the maritime sector of India has increased by 340% since 2020.

Vietnam President To Lam has visited India at the invitation of PM Narendra Modi to strengthen cooperation in defense, trade, and critical technologies. He held a bilateral meeting with PM Narendra Modi at Hyderabad House in New Delhi. He also met President Droupadi Murmu and Union Minister of State (Independent Charge) Dr Jitendra Singh.

During the visit, the bilateral ties were elevated to an “Enhanced Comprehensive Strategic Partnership” (CSP). Both nations have set a target to increase bilateral trade to $25 billion by 2030. A total of 13 MoUs were signed between the two countries.

In Mumbai, President To Lam visited the National Stock Exchange of India (NSE) and participated in the India-Vietnam Business Forum. At the forum, 27 cooperation agreements were exchanged between firms of Vietnam and India across multiple industries.

Defence

The Indian Air Force (IAF) has signed an agreement with the European missile manufacturer MBDA to establish a Maintenance, Repair, and Mid-Life Overhaul (MRO) facility for MICA (Missile d’Interception, de Combat et d’Autodefense) air-to-air missiles in India.

The initiative aims to strengthen domestic defense sustainment and improve operational readiness. Under the agreement, the IAF will manage the setup, operation, and maintenance of the MRO facility, while MBDA will provide technical assistance, machinery, training for personnel, and comprehensive data packages.

Science

The Bureau of Indian Standards (BIS), under the Department of Consumer Affairs, has organized the 35th Plenary and Working Groups meetings of the International Organization for Standardization (ISO) Technical Committee (TC) 20 / Subcommittee (SC) 14. The meetings for the ‘Space Systems and Operations’ subcommittee were hosted for the first time in India at Bharat Mandapam, New Delhi.

The event saw the participation of 131 international delegates from 13 countries. It is to be noted that the ISO/TC 20/SC 14 is responsible for developing international standards for space systems to ensure safety and sustainability in global space activities.

The Council of Scientific and Industrial Research – Central Road Research Institute (CSIR-CRRI) and Bharat Petroleum Corporation Ltd (BPCL) have developed “Phoenix Geocell”, India’s first technical textile geocell made from 100% end-of-life mixed plastic waste.

The technology uses a 3-dimensional (3D) honeycomb-like structure made from processed mixed plastic waste. It is to be noted that the innovation has been recognized by the “India Book of Records” and “Asia Book of Records” during a ceremony at the CSIR-CRRI auditorium in New Delhi.

Appointments

Awards

Kuljeet Kaur Marhas, a scientist at the ISRO, has been elected as a Fellow of the Meteoritical Society for 2026. She becomes the first Indian woman to receive this distinction.

It is to be noted that the fellowship is considered one of the most prestigious international honours in the fields of meteoritics and planetary science. She is the third Indian scientist to receive this honour, following Devendra Lal and JN Goswami.

Sports

Faustino Oro, an Argentina-born chess prodigy known as the “Messi of Chess”, has become the second-youngest Grandmaster (GM) in history. He attained the title at the age of 12 years, 6 months, and 26 days after securing his third and final GM norm at the Sardinia World Chess Festival 2026 in Italy.

He is the 7th player in the history of the sport to earn the GM title before the age of 13. It is to be noted that Abhimanyu Mishra of the USA currently holds the record for being the youngest-ever GM.

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