15th May 2023 Current Affairs

15th May 2023 Current Affairs

15th May 2023 Current Affairs: Key Highlights

Welcome to our comprehensive roundup of the 15th May 2023 current affairs. We’ve analyzed significant events and news from The Hindu to help you stay informed.

1. India Considers U.S.-Driven IPEF

India, which withdrew from the RCEP trade pact in 2019, is now considering the U.S.-driven Indo-Pacific Economic Framework for Prosperity (IPEF). The IPEF, an integrated economic system centered on the U.S., replaces China with the United States, reflecting India’s strategic partnership with the U.S. and its deteriorating relationship with China. This development could have profound implications for India’s economic system, digital economy, and agricultural sector. [#thehinduCA](https://stay.openinapp.co/Stay)

2. India’s Retail Inflation Drops to 18-month Low

The provisional Consumer Price Index (CPI) for April 2023 revealed that India’s retail inflation dropped to an 18-month low of 4.7%, a significant decrease from the eight-year high of 7.8% in April 2022. Factors such as softened food prices and deflation in oils and fats contributed to this decline. However, uncertainties like oil prices and erratic monsoon remain potential risks to the inflation outlook.

3. Praveen Sood Appointed as New CBI Director

Praveen Sood, Karnataka’s Director-General of Police, has been appointed as the new Director of the Central Bureau of Investigation (CBI). His tenure will last for two years from the date of assumption of charge. This key appointment places Sood at the helm of the investigating agency during the 2024 Lok Sabha election.

4. India’s Goods Exports for 2022-23 Reach Nearly $451 Billion

Data from the Commerce Ministry shows India’s goods exports for 2022-23 reached nearly $451 billion, indicating a year-on-year growth of 6.9%. The export numbers underwent significant revision from their initial estimates, with petroleum shipments driving the high revisions in recent export data.

5. Supreme Court on Bail Orders

The Supreme Court asserted that bail orders should not be excessively lengthy or delayed, as both violate the constitutional mandate of personal liberty. The court emphasized the importance of brevity and promptness in bail orders while ensuring that they don’t prejudice the case for the accused.

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6. V. Prraneeth Becomes India’s 82nd Grandmaster

V. Prraneeth has become India’s 82nd Grandmaster and the sixth from Telangana. The young chess prodigy aims to cross Elo 2700 and dreams of winning the World Chess Championship.

7. The Promise of Mitochondrial Donation Treatment (MDT)

Mitochondrial Donation Treatment (MDT) is an advanced in vitro fertilization technique used to prevent maternally inherited mitochondrial diseases. This procedure involves the use of a healthy donor’s mitochondria, with the genetic material from the biological parents, to create a healthy embryo.

8. 2023: The ‘International Year of Millets’

The UN Food and Agriculture Organization (FAO) declared 2023 as the ‘International Year of Millets’. Millets are cereal crops cultivated worldwide, especially in the tropical parts of Africa and Asia, due to their drought tolerance and nutritional value.

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15th May 2023 Current Affairs

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