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Daily Current Affairs 15th May, 2024: Your guide for daily General Knowledge Preparation

Dear Readers,

This post contains important current affairs of 15th May, 2024. It includes all Major National, International, Business and Sports related current affairs of 15th May, 2024. A brief explanation of every current affair is provided to further enhance your general knowledge. Once you have gone through these current affairs we would recommend to you to try 15th May, 2024 Current affairs test.


International News

China Becomes India’s Top Trade Partner in Fiscal Year 2024

  • Data from the Global Trade Research Initiative (GTRI) highlights that, for the fiscal year 2023-24, China has surpassed the United States to become India’s leading trade ally.
  • Trade between India and China amounted to $118.4 billion, marginally surpassing the $118.3 billion in trade between India and the US.

States News

Tamil Nadu’s Shyaamnikhil Crowned India’s 85th Chess Grandmaster

  • P Shyaamnikhil of Tamil Nadu has achieved the distinction of becoming India’s 85th Grandmaster in chess.
  • The 31-year-old achieved this milestone by earning his third GM norm at the 2024 Dubai Police Masters Chess Tournament, beginning his chess career at age eight.

Indian Literary Masterpieces Recognized by UNESCO

  • Three Indian literary works – the Ramcharitmanas, Panchatantra, and Sahṛdayāloka-Locana – have been added to UNESCO’s Memory of the World Asia-Pacific Regional Register.
  • This inclusion honors India’s profound literary and cultural heritage, showcasing the nation’s enduring artistic and philosophical contributions.

Banking News

Public Sector Banks Record Over ₹1.4 Lakh Crore Profit in FY24

  • The collective profits of India’s public sector banks saw a substantial rise in the fiscal year ending March 2024, reaching above ₹1.4 lakh crore.
  • This represents a 35% increase from the previous fiscal year’s ₹1.04 lakh crore, with the State Bank of India accounting for more than 40% of these profits.

RBI Updates on Gold and Foreign Exchange

  • The Reserve Bank of India (RBI) increased its gold reserves by 27.46 metric tonnes during the fiscal year 2023-24, bringing the total to 822.10 metric tonnes.
  • This increment raised gold’s percentage in the total foreign exchange reserves to approximately 8.15%, from 7.81% the previous year.

RBI Authorizes Stake Increase in RBL Bank

  • Quant Mutual Fund has received RBI’s approval to enhance its stake in RBL Bank to 9.98% by May 12, 2025. This approval comes with conditions specified under the Banking Regulation Act of 1949.

Economy News

Wholesale Inflation in India Reaches 13-Month Peak

  • April witnessed a spike in India’s wholesale inflation, hitting a 13-month high at 1.26%, an increase from March’s 0.53%.
  • This rise was primarily driven by higher costs of food, especially vegetables, and a 1.4% annual increase in fuel and power prices.

Business News

Hero MotoCorp Integrates with ONDC

  • Hero MotoCorp has integrated with the Open Network for Digital Commerce (ONDC) to boost customer accessibility and convenience, becoming the first two-wheeler manufacturer in India to join the network.
  • This integration aims to offer a smoother digital shopping experience for two-wheeler parts and accessories.

Awards News

Chandrakant Satija Receives Global Excellence Award 2024

  • Chandrakant Satija, an esteemed educationist and founder of Chandra Admission Consultants, was awarded the Global Excellence Award 2024 on May 12th at the Sahara Star Hotel, Mumbai. Bollywood actress Shilpa Shetty Kundra presented the award, recognizing him as the Most Trusted Admissions Consultant in the Vidarbha Region.

Science and Technology News

Microsoft Announces €4 Billion Investment in France for AI and Cloud

  • Microsoft Corp. plans to invest approximately €4 billion to enhance its AI and cloud infrastructure in France, reaffirming its commitment to advancing these technologies.

TCS Establishes AI Centre of Excellence in Paris

  • Tata Consultancy Services announced the establishment of a Global AI Centre of Excellence in Paris during the “Choose France Summit”, emphasizing its dedication to the French and global AI markets.

Google Arts & Culture Debuts “Millets: Seeds of Change” Exhibition

  • Google Arts & Culture, in partnership with India’s Ministry of Agriculture & Farmers Welfare, has launched the “Millets: Seeds of Change” digital exhibition.
  • This exhibit explores the historical and current significance of millets, highlighting their nutritional benefits and sustainability.

Important Days

International Day of Families Celebrated on May 15, 2024

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  • The International Day of Families is observed annually on May 15, a day established by the United Nations in 1994 to recognize the pivotal role of families in society and to promote solidarity and support among family members globally.

Obituaries News

Nobel Laureate Alice Munro Passes Away at 92

  • The world of literature is mourning the loss of Alice Munro, a Nobel Prize-winning author celebrated for her precise and profound short stories.
  • Munro passed away on May 13, 2024, at the age of 92, leaving behind a legacy of richly observed narratives that delve deeply into human emotions and interactions.
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