Daily Current Affairs 14th May 2025: Your guide for daily General Knowledge Preparation
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This post contains daily current affairs 14th May 2025. It includes all National, International, Business & Sports related current affairs 14th May 2025. 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 14th May, 2025 Current affairs test.
National News
India Extends Financial Support to Maldives by Rolling Over $50 Million Treasury Bill
India has extended a $50 million treasury bill for one more year to support the financially troubled Maldives.
This move underscores New Delhi’s ongoing commitment to assist the island nation amidst economic and diplomatic challenges.
The transaction was facilitated through the State Bank of India (SBI) following a formal request from the Maldivian government.
Andhra Pradesh Waives Property Tax for Defence Personnel in Rural Areas
Andhra Pradesh’s Deputy Chief Minister, Pawan Kalyan, announced a full property tax waiver for homes of serving defence personnel located in village panchayat areas.
The declaration was made in tribute to Agniveer Murali Naik, a 23-year-old soldier from Sri Sathya Sai district, who was martyred during a mission in Jammu and Kashmir.
India’s Pharmaceutical Sector Faces New Hurdles Following Trump’s Drug Pricing Policy
U.S. President Donald Trump issued a “Most Favoured Nation” (MFN) executive order, aiming to ensure that Americans pay no more for drugs than the lowest global price.
While this may lower drug prices in the U.S., it could drive up costs in affordable markets like India.
This directive is likely to exert pressure on India’s local drug pricing policies and pharmaceutical manufacturing strategies.
Bihar Tops PMFME Scheme Performance Chart for FY 2024-25
Bihar led the implementation of the Pradhan Mantri Formalisation of Micro Food Processing Enterprises scheme for the financial year 2024–25.
Industries Minister Nitish Mishra reported that 10,296 applications were approved for loans under the scheme.
Among them, 6,589 units (63%) successfully received loan disbursements, potentially boosting local industry and employment rates.
International News
U.S. and China Reach Tentative Trade Accord After Geneva Talks
The United States and China concluded two days of high-level trade discussions in Geneva with a preliminary agreement.
The outcome aims to de-escalate ongoing global trade tensions and marks progress in their long-standing economic conflict.
Taiwan Holds First Live-Fire Drill Using U.S.-Made HIMARS Rocket Systems
On May 12, 2025, Taiwan conducted its first live-fire test of the High Mobility Artillery Rocket Systems (HIMARS) acquired from the United States.
The exercise is part of Taiwan’s broader initiative to fortify its defense posture amid Chinese threats.
China maintains its claim over Taiwan and has repeatedly issued warnings about reclaiming the island, even by force if necessary.
Bhutan Introduces Crypto Payments in Tourism, a Global First
Bhutan has collaborated with Binance Pay and DK Bank to introduce cryptocurrency payment systems within its tourism sector.
Rolled out in May 2025, this pioneering model marks Bhutan as the first sovereign country to fully integrate crypto into its national tourism infrastructure.
The goal is to improve the visitor experience and enhance financial inclusion across the nation.
Books and Authors News
Vice-President Releases Autobiography by Haryana Governor Bandaru Dattatraya
Vice-President Jagdeep Dhankhar launched the book ‘Janta Ki Kahani – Meri Aatamkatha’, authored by Bandaru Dattatraya, Governor of Haryana.
The book recounts his life experiences and political career.
The event was held at Maharashtra Sadan in New Delhi.
Awards News
Bhuwan Ribhu Becomes First Indian Lawyer Honoured by World Law Congress
The World Jurist Association awarded Bhuwan Ribhu the prestigious Medal of Honour at the World Law Congress 2025 in the Dominican Republic.
He is the first Indian lawyer to receive this international legal distinction.
The accolade celebrates his over 20 years of service in child rights advocacy and legal reform.
Science & Technology News
India Launches First 3nm Semiconductor Design Centres in Noida and Bengaluru
Union Minister Ashwini Vaishnaw inaugurated India’s premier 3nm chip design hubs, located in Noida and Bengaluru.
These cutting-edge facilities have been established by Renesas Electronics India.
This initiative represents a significant milestone in India’s semiconductor mission and supports the Aatmanirbhar Bharat vision.
Business News
India’s Coal Imports Drop by 9.2% Amid Push for Energy Independence
Between April 2024 and February 2025, India witnessed a 9.2% reduction in coal imports, down to 220.3 million tonnes from 242.6 million tonnes in the previous year.
This decline is attributed to initiatives like Commercial Coal Mining and Mission Coking Coal aimed at enhancing domestic coal production.
The reduction helped conserve foreign exchange and reflects the nation’s strategic energy autonomy efforts.
Appointments News
MNRE Secretary Gets Additional Charge as SECI CMD After Termination of R K Gupta
R K Gupta, CMD of the Solar Energy Corporation of India (SECI), was relieved of his duties before the completion of his term, which was due to end in June 2025.
Santosh Kumar Sarangi, Secretary of the Ministry of New & Renewable Energy (MNRE), has been appointed to additionally handle the role of CMD, SECI.
R K Gupta is a former Gujarat cadre IAS officer who assumed the SECI post in June 2023.
Vineet Mahajan Joins Kuhoo Finance as Chief Financial Officer
Vineet Mahajan has taken over as CFO at Kuhoo Finance.
His responsibilities include strengthening the company’s financial governance, adhering to RBI compliance standards, and enhancing real-time financial tracking and fund management.
Defence News
Pakistan Fired Chinese PL-15 Missiles But Missed Targets, Confirms Indian Air Marshal
India has officially confirmed that Pakistan used Chinese-origin PL-15 air-to-air missiles in a recent confrontation.
Air Marshal A.K. Bharti, Director General of Air Operations (DGAO), revealed debris from the missiles, identifying them as Chinese-made.
This is the first public confirmation of Pakistan deploying PL-15 missiles against India.
Obituaries News
Cannes 78th Edition Opens with Tributes and Emphasis on Freedom
The 78th Cannes Film Festival commenced on May 13, 2025, blending cinematic celebration with poignant tributes and messages of political expression.
The opening ceremony paid homage to deceased artists and emphasized themes of democracy and global freedom.
The festival promises twelve days of vibrant storytelling and international cultural engagement.
