Daily current affairs 15 May 2026

HOW VOLCANOES AFFECT THE EARTH’S ATMOSPHERE?

Volcanic eruptions impact Earth's climate by injecting sulfur dioxide and water vapor into the stratosphere. While sulfur aerosols cause global cooling and ozone depletion, human carbon emissions still vastly outpace the natural greenhouse gases released by volcanoes.

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COUNTRY STRATEGIC OPPORTUNITIES PROGRAMME (COSOP): FRAMEWORK FOR RURAL DEVELOPMENT

India and IFAD launched COSOP 2026–2033, an eight-year roadmap to strengthen the rural economy. It focuses on building climate resilience, empowering grassroots institutions like SHGs and FPOs, and sharing India's successful rural development models globally through South-South Cooperation.

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AI-POWERED FINANCIAL INCLUSION IN INDIA: OPPORTUNITIES & CHALLENGES

India is leveraging Artificial Intelligence and Digital Public Infrastructure to revolutionise financial inclusion. Initiatives like ULI, Banking BHASHINI, and MuleHunter.AI are democratising credit, bridging language barriers, and enhancing security, guided by RBI's FREE-AI framework for ethical and responsible innovation.

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ADVANCE AUTHORISATION SCHEME & NEW GOLD IMPORT RULES EXPLAINED

The Advance Authorisation Scheme allows duty-free imports of essential inputs for export production. Recently, the government capped duty-free gold imports at 100 kg per licence to curb domestic diversion, implementing strict compliance checks, mandatory physical inspections, and prior export obligations.

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WHAT ARE MULE ACCOUNTS?: RISKS AND PREVENTION

According to the Indian Cyber Crime Coordination Centre (I4C), cyber frauds may cause losses exceeding ₹1.2 lakh crore in 2025. India is actively adopting AI-driven tools like MuleHunter.AI and the Pratibimb app to detect illicit mule accounts.

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WHY IS THE NATIONAL TESTING AGENCY FACING A CREDIBILITY CRISIS?

The recurring NEET-UG paper leaks expose structural vulnerabilities within the National Testing Agency. Resolving this credibility crisis requires enforcing the Public Examinations Act, 2024, implementing the Radhakrishnan Committee recommendations, and building a secure, technology-driven, statutory testing ecosystem.

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