Daily Current Affairs 16 May 2026

The National e-Governance Division (NeGD), under the Ministry of Electronics and Information Technology (MeitY), has felicitated five states for their outstanding DigiLocker integration initiatives.

The states include Gujarat, Karnataka, Keralam, Nagaland, and Rajasthan. The felicitation took place during the “National Consultative Workshop on Strengthening Cybersecurity Frameworks for State Data” held in New Delhi.

The RBI has cancelled the banking licence of the Mumbai (Maharashtra)-based Sarvodaya Co-operative Bank Ltd, effective from May 12, 2026. It is to be noted that the action was taken under Sections 22(4) and 56 of the Banking Regulation Act, 1949.

The All India Football Federation (AIFF) has renewed its strategic partnership with the Department of Sports and Youth Services (DSYS) of the Government of Odisha by signing a 5-year MoU.

The agreement builds upon the initial collaboration established in 2023. The partnership aims to expand elite youth football and solidify the position of Odisha as the premier football hub in India.

The Ministry of Ports, Shipping and Waterways (MoPSW) has signed a tripartite MoU with HD Korea Shipbuilding & Offshore Engineering Co Ltd (HD KSOE), National Shipbuilding & Heavy Industries Park Tamil Nadu Ltd (NSHIP-TN), and Sagarmala Finance Corporation Ltd (SMFCL) to develop the first Mega Greenfield Shipyard in India at Thoothukudi, Tamil Nadu.

The project will have an annual shipbuilding capacity of 2.5 million Gross Tonnage (MGT). The agreement was exchanged during the state visit of the President of the Republic of Korea (ROK) Lee Jae Myung. It is part of the India-ROK Comprehensive Framework ‘VOYAGES’ (Shared Vision for Operation of Yard Assisted Growth with Efficiency and Scale).

India and the UAE have signed 6 agreements to enhance cooperation in the energy and defence sectors during the visit of PM Narendra Modi to Abu Dhabi. Entities based in the UAE have committed an investment of $5 billion in India.

The UAE has also announced a plan to double the crude oil export capacity by 2027. This involves the construction of an additional pipeline to the Port of Fujairah to bypass the Strait of Hormuz.

IndiaAI Mission has signed an MoU with the Bengaluru-based Karya, a Nonprofit Organization (NPO), to enhance accessibility within the AI economy. The partnership focuses on data, technology, and capacity building, specifically to strengthen the infrastructure of AIKosh, the national AI data platform of India for research and development (R&D). Both organizations also aim to develop model evaluation frameworks and establish standards for dataset quality, validation, and interoperability.

According to the report by the Ministry of Commerce and Industry, the total exports of India, including both merchandise and services, are estimated at $80.80 billion for April 2026, reflecting a growth of 13.59% compared to $71.13 billion in April 2025. Merchandise exports rose by 13.78% to $43.56 billion from $38.28 billion in the previous year.

Union Minister Rajnath Singh and Andhra Pradesh CM N Chandrababu Naidu have laid the foundation stone for an infrastructure project to develop the Advanced Medium Combat Aircraft (AMCA) in Sri Sathya Sai, Andhra Pradesh. They also inaugurated a core integration and flight testing centre at Puttaparthi to accelerate the development of the 5th-generation AMCA and other future indigenous platforms.

Additionally, the foundation stone for a naval systems manufacturing facility to support advanced underwater weapons and naval combat systems was laid. The AMCA facility is being established at an estimated cost of ₹2,000 crore, while the total expenditure for the AMCA development programme is projected at approximately ₹15,000 crore.

Union Minister Dharmendra Pradhan has inaugurated the first Integrated Carbon Capture, Utilisation and Storage (CCUS) field laboratory facility in India at the IIT Bombay.

The facility is established under the ‘Bharat Innovates 2026’ initiative to advance research and development in carbon management. It is to be noted that the CCUS technology used in the laboratory is being promoted by UrjanovaC.

Rajasthan has inaugurated its first semiconductor plant and a new Electronics Manufacturing Cluster (EMC) in Bhiwadi.

Established by Sahasra Semiconductors Pvt. Ltd with an investment of over ₹150 crore, it is the first Small and Medium Enterprise (SME)-led semiconductor plant in India to start commercial production.

Akash Ambani has been appointed as the first MD of Jio Platforms Ltd (JPL), the digital services subsidiary of Reliance Industries Ltd (RIL), for a period of 5 years.

India has won 2 medals, including 1 gold and 1 bronze, at the 20th edition of the Shanghai Hyundai Archery World Cup Stage 2 held in Shanghai, China.

The women’s recurve team, comprising Deepika Kumari, Ankita Bhakat, and Kumkum Mohod, has won gold. Sahil Jadhav has won bronze in the men’s individual compound category. Turkiye topped the overall medal standings with 6 medals (2 gold), followed by China and South Korea.