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15th May Current Affairs – Top News of the Day

Today’s Current Affairs

15th May 2023 Current Affairs are incorporated with the important news that made the current affairs headlines for banking, UPSC or other competitive exams. Daily Current Affairs is the complete bag of important news that is held all day long. One should have complete knowledge about banking terms, current affairs news, etc. So, here is the Top News of the Day for 15th May 2023 to help you prepare the Latest Current Affairs part. After reading this section, you can successfully attempt Current Affairs Quiz. 

Here is the Current Affairs 15th May 2023 covering the following news headlines: National Medical Commission, Tungnath temple, Central Bureau of Investigation, London Interbank Offered Rate, Govind Swarup Lifetime Achievement Award 2022.

National News

1. National Medical Commission makes unique ID mandatory for doctors

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Doctors will now have to get a Unique Identification Number (UID) to be able to practice medicine in the country, as per the new regulations by the National Medical Commission (NMC). The UID will be generated centrally by the NMC ethics board and thereby grant the practitioner, registration in NMR and eligibility to practice medicine in India. According to the new notification by NMC, there will be a common national medical register for all the registered medical practitioners of the country. The same will be maintained by the Ethics and Medical Registration Board (EMRB) under the NMC. This register will contain all the entries of the registered medical practitioners of all State Registers maintained by the various State Medical Councils and will have all relevant information regarding the medical practitioner.

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States News

2. Tungnath temple built by Pandavas declared national monument

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Tungnath, located in Rudraprayag, Uttarakhand, is not only one of the highest Shiva temples in the world but also the highest among the five Panch Kedar temples. Recently, it has been designated as a national monument. The Central Government declared Tungnath a monument of national importance in a notification dated March 27. The Archaeological Survey of India (ASI), led by Devraj Singh Rautela, confirmed that they had been working towards this recognition for a significant period. During the process, ASI actively sought public opinions and objections regarding the declaration of Tungnath as a national heritage.

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Appointments News

3. Karnataka DGP Praveen Sood appointed next CBI director

Karnataka DGP Praveen Sood appointed next CBI director

Praveen Sood, the Director General of Police in Karnataka, has been appointed as the next director of the Central Bureau of Investigation (CBI). The 59-year-old will take on the position for two years after Subodh Kumar Jaiswal’s term ends on May 25. With an impressive educational background, Sood has previously held roles including superintendent of police of Bellary and Raichur districts, commissioner of police of Mysore City, and police advisor to the government of Mauritius.

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Banking News

4. RBI expects banks to completely stop using LIBOR by July

RBI expects banks to completely stop using LIBOR by July

The Reserve Bank of India (RBI) has instructed financial institutions and banks to adopt an Alternative Reference Rate, primarily the Secured Overnight Financing Rate (SOFR), and end their reliance on the scandal-shrouded London Interbank Offered Rate (LIBOR) and Mumbai Interbank Forward Outright Rate (MIFOR) by July 1. The central bank has said that most new transactions now use SOFR and the Modified Mumbai Interbank Forward Outright Rate (MMIFOR) as benchmarks.

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5. Bank of Baroda launches Electronic Bank Guarantee on its Digital Platform

Bank of Baroda launches Electronic Bank Guarantee

Bank of Baroda, a public sector bank, has announced its partnership with National E-Governance Services Limited (NeSL), a government-backed information utility appointed by the Insolvency and Bankruptcy Board of India, to launch the Electronic Bank Guarantee (BG) system. The system enables the issuance of inland bank guarantees securely and conveniently through the bank’s digital platform BarodaINSTA.

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Economy News

6. India’s foreign exchange reserve soar to an 11-month high of $595.9

India's foreign exchange reserve soar to an 11-month high

India’s foreign exchange reserves increased by $7.196 billion in the week ending May 5, 2023, reaching $595.976 billion, which is an 11-month high. This follows a previous rise of $4.532 billion the week before. Foreign currency assets (FCA) saw the most significant growth, rising by $6.536 billion to $526.021 billion during the week. Gold reserves rose by $659 million to $46.315 billion, while the reserve position at the International Monetary Fund increased by $139 million to $5.192 billion.

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7. Wholesale price index Continues Downward Trend, Drops to -0.92% in April

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In April, wholesale price-based inflation dropped to -0.92% on a yearly basis, down from 1.34% in March, according to the Department for Promotion of Industry and Internal Trade under the Ministry of Commerce & Industry. This decrease was greater than the estimated 0.2% decline from a Reuters poll. The month-to-month change in WPI for April 2023 compared to March 2023 remained unchanged at 0.0%. For the 11th consecutive month, WPI-based inflation has continued to decline in April. The decline in inflation was widespread, primarily due to lower prices of crude oil, energy, non-food items, and food articles. In April, the rate of inflation for primary articles decreased to 1.60% compared to 2.40% in March.

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Ranks and Reports News

8. MoPSW ranked 2nd in the Survey Report on Data Governance Quality Index

MoPSW ranked 2nd in the Survey Report on DGQI

The Ministry of Ports, Shipping and Waterways (MoPSW) has achieved an outstanding accomplishment in securing the second position among 66 ministries in the highly influential Data Governance Quality Index (DGQI) assessment for 2022-2023 Q3. The Ministry has been awarded an impressive score of 4.7 out of 5, which highlights the ministry’s unwavering commitment to achieving excellence in data governance. The DGQI survey is conducted by the Development Monitoring and Evaluation Office (DMEO), Niti Aayog, with the intention of measuring the maturity level of administrative data systems used in decision-making processes by various Ministries and Departments for the implementation of Central Sector Schemes (CS) and Centrally Sponsored Schemes (CSS).

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Awards News

9. Jayant Narlikar awarded Govind Swarup Lifetime Achievement Award 2022

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Renowned astronomer and founder director of IUCAA, Prof Jayant V. Narlikar, received the inaugural Govind Swarup Lifetime Achievement Award from the Astronomical Society of India (ASI). Narlikar is a past president of ASI and was the founding director of the Inter-University Centre for Astronomy and Astrophysics (IUCAA). He is known for his work on cosmology and gravitation, and has made significant contributions to the understanding of the evolution of the universe.

Important takeaways for all competitive exams: 

  • President of the Astronomical Society of India: Prof. Dipankar Banerjee;
  • Astronomical Society of IndiaHyderabad, India;
  • Astronomical Society of India Founded: 1972. 

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Summits and Conferences News

10. 6th Indian Ocean Conference- IOC 2023

6th Indian Ocean Conference- IOC 2023

The Indian Ocean Conference (IOC) was established in 2016 and over the past six years, it has become the prominent consultative forum for nations in the region to discuss regional affairs. The objective of the IOC is to facilitate discussions on regional cooperation for Security And Growth for All in the Region (SAGAR) by bringing together important states and principal maritime partners of the region on a common platform. The 6th IOC is set to take place on May 12-13, 2023, in Dhaka, Bangladesh, and is being organised by India Foundation in association with the Ministry of Foreign Affairs, Government of Bangladesh, and S. Rajaratnam School of International Studies in Singapore. The theme for the conference is “Peace, Prosperity and Partnership for a Resilient Future”. The conference aims to bring together a distinguished gathering of key stakeholders to chart the course for strengthening the Indian Ocean Region.

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11. SCO Members Embrace India’s Digital Public Infrastructure Proposal

SCO Members Embrace India's Digital Public Infrastructure Proposal

India’s proposition to promote the expansion and adoption of its digital public infrastructure (DPI), comprising of Aadhaar, United Payments Interface (UPI), and DigiLocker, was accepted by the Shanghai Cooperation Organisation (SCO) during a gathering of ICT development ministers chaired by India. Ashwini Vaishnaw, the minister for electronics, IT, communications, and railways, encouraged other SCO member countries to assess and implement India Stack while stressing the significance of interoperability and increased digital inclusion.

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Sports News

12. Telangana’s Vuppala Prraneeth became India’s 82nd Grandmaster

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V. Prraneeth, a 15-year-old chess player from Telangana, achieved the title of Grandmaster, becoming the sixth from the state and the 82nd in India. He secured this milestone by defeating GM Hans Niemann from the US during the penultimate round of the Baku Open 2023. This victory also helped him surpass an Elo rating of 2500, specifically 2500.5. Prraneeth obtained his first GM-norm and the title of International Master (IM) at the First Saturday tournament in March 2022. He earned his second GM-norm at Biel MTO in July 2022, followed by his final GM-norm at the second Chessable Sunway Formentera Open 2023 after nine months.

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Important Days

13. International Day of Families 2023 observed on 15 May

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International Day of Families is celebrated on May 15 to raise awareness of the importance of families and their role in society. The day focuses on the important role that families play in our society while also highlighting the issues faced by them. The International Day of Families is a global observance that is celebrated by countries around the world. In the United States, the day is celebrated by a variety of organizations, including the National Council on Family Relations, the Family Resource Coalition of America, and the National Family Planning and Reproductive Health Association. International Day of Families has been observed annually, with a different theme each year. The theme of International Day of Families 2023 is ‘Demographic Trends and Families’.

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14. UN Global Road Safety Week: May 15-21, 2023

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UN Global Road Safety Week is an annual event held in May to raise awareness about road safety and the importance of taking steps to prevent accidents. The week is organized by the World Health Organization (WHO) and the UN regional commissions, and it is supported by a wide range of partners, including governments, NGOs, businesses, and individuals. The week was first marked in 2007. It was no longer observed until 2013, and it had been recorded every two years since then until 2019. It is a special global road safety campaign hosted by the World Health Organization (WHO) that aims to raise awareness about road safety and accident prevention. The 7th UN Global Road Safety Week will take this year from 15-21 May. The theme is sustainable transport, and specifically the need for governments to facilitate a shift to walking, cycling and using public transport. Road safety is both a prerequisite for this shift to happen and an outcome of it. The slogan is #RethinkMobility.

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Miscellaneous News

15. Sherpa becomes 2nd person to scale Everest 26 times

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Pasang Dawa Sherpa, also known as Pa Dawa, successfully reached the summit of Mount Everest for the 26th time, equaling the record set by another Nepalese guide. Accompanied by a Hungarian climber, the 46-year-old achieved this feat. According to the Himalayan Database, which documents mountaineering achievements in Nepal’s Himalayas, Pa Dawa had previously climbed Everest 25 times, including two ascents in 2022. Since his initial successful climb in 1998, Dawa has consistently made the journey nearly every year.

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16. Ministry for Corporate Affairs Introduces C-PACE

Ministry for Corporate Affairs Introduces C-PACE

The Ministry of Corporate Affairs (MCA) has established the Centre for Processing Accelerated Corporate Exit (C-PACE) to streamline the process of removing companies from the MCA Register. The purpose of C-PACE is to reduce the burden on the registry and provide a convenient process for stakeholders to remove their company’s name from the register. This initiative is part of MCA’s effort to make doing business and exiting easier for companies.

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