What is the Committee of Creditors (CoC) under the Insolvency and Bankruptcy Code (IBC)?

The Committee of Creditors (CoC) is the decision-making body in India’s Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code (IBC). It is composed mainly of financial creditors and exercises commercial wisdom to approve resolution plans and decide debt restructuring. It is not chaired by the Ministry of Corporate Affairs; meetings are conducted by the resolution professional.

What is Liquefied Natural Gas (LNG) and why is it important for India?

Liquefied Natural Gas (LNG) is natural gas cooled to ultra-low temperatures to convert it into liquid form for easier storage and transportation. India imports nearly half of its natural gas requirements as LNG, with a significant portion coming from Qatar and passing through the Strait of Hormuz. LNG is crucial for India’s energy security.

What are shadow fleets in global shipping?

Shadow fleets refer to commercial vessels that use deceptive shipping practices to transport sanctioned commodities such as oil from countries like Iran, Venezuela, and Russia. These ships operate with opaque ownership structures and tactics that make tracking and enforcement difficult. They are not naval warships.

What is the India Semiconductor Mission (ISM)?

The India Semiconductor Mission (ISM), launched in 2021, is a government initiative aimed at building a full-stack semiconductor ecosystem including fabrication, packaging, chip design, and display manufacturing. ISM 2.0 focuses on producing semiconductor equipment, materials, and strengthening supply chains to reduce import dependence.

Which state cleared the Farm Stay Policy 2026?

Punjab cleared the Farm Stay Policy 2026 to promote experiential rural tourism by converting farms into comfortable stay options. The policy includes incentives such as capital subsidies and GST reimbursement under the Punjab Tourism & Hospitality Policy 2026.

Why is Raja Ravi Varma called the father of modern Indian art?

Raja Ravi Varma is called the father of modern Indian art for blending European academic realism with Indian mythological themes in oil paintings. He humanised Hindu deities and established the Fine Art Lithographic Press in 1894, making affordable oleographs widely accessible.

Which countries border the Strait of Hormuz?

The Strait of Hormuz is the narrow maritime chokepoint between Iran and Oman. It is strategically important as a large share of global oil and LNG shipments pass through it.

Where is Mount Dukono located?

Mount Dukono is located on the island of Halmahera in North Maluku province, Indonesia. It is one of Indonesia’s most active volcanoes.

Which agencies release road accident data in India?

Road accident and fatality data in India are released annually by the Ministry of Road Transport and Highways (MoRTH) and the National Crime Records Bureau (NCRB).

What was the R S Sarkaria Commission appointed to examine?

The R S Sarkaria Commission, set up in 1983, examined Centre–State relations in India and made recommendations regarding the role of Governors and formation of state governments.

What are the Anaimangalam copper plates?

The Anaimangalam copper plates are 11th-century Chola inscriptions issued by Rajaraja I to commemorate grants to a Buddhist vihara in Nagappattinam, Tamil Nadu. They were recently returned to India by the Netherlands.

What is polysilicon and why is it important?

Polysilicon is an ultra-pure form of silicon composed of many small crystals. It is a key raw material for solar photovoltaic panels and semiconductors. India currently does not have commercial-scale polysilicon production.

What is synthesis gas (syngas)?

Synthesis gas, or syngas, is a mixture of carbon monoxide (CO), carbon dioxide (CO2), hydrogen (H2), and methane (CH4), produced through coal gasification. It is used for generating electricity, fertilisers, methanol, ethanol, and synthetic natural gas.

What is withholding tax in India?

Withholding tax is a tax deducted at source on income earned by foreign investors, such as interest income from Indian government bonds. Non-residents typically pay around 20% withholding tax on such income.

What is the India-Nordic Summit?

The India-Nordic Summit is a high-level engagement between India and five Nordic countries: Norway, Sweden, Denmark, Finland, and Iceland. The first summit was held in Stockholm in 2018. It promotes cooperation in trade, green energy, innovation, and Arctic affairs.

What factors does the Wet Bulb Globe Temperature (WBGT) measure?

Wet Bulb Globe Temperature (WBGT) is a composite heat stress index that considers humidity, sunlight, and wind speed to assess how effectively the human body can cool itself.

What is Direct-Seeded Rice (DSR)?

Direct-Seeded Rice (DSR) is a cultivation method where rice seeds are sown directly into the field without nursery transplantation. It saves irrigation water, labour, and energy compared to traditional puddled transplanting.

Which state announced incentives for third and fourth child births?

Andhra Pradesh announced incentives of Rs 30,000 for a third child and Rs 40,000 for a fourth child to address declining population trends.

Which country signed an agreement with India for 30 million barrels storage in strategic petroleum reserves?

The United Arab Emirates (UAE) signed a framework agreement with India to store 30 million barrels in India’s strategic petroleum reserves.

What is India’s target for nuclear power capacity by 2047?

India aims to expand its civil nuclear power capacity from 8.8 GWe to 100 GWe by 2047. The SHANTI Act, 2025 enables private participation in nuclear operations and fuel management.

Daily UPSC Prelims MCQs - Current Affairs - 17th May 2026

Aditya
1 hour ago
1 min read

Test your UPSC CSE 2026 preparation with today’s Current Affairs (Every Sunday) Quiz — covering Committee of Creditors, LNG, shadow fleets, India Semiconductor Mission (ISM), Farm Stay Policy, 2026, Strait of Hormuz, Mount Dukono, data on road accidents, R S Sarkaria Commission, Anaimangalam copper plates, Polysilicon, synthesis gas (syngas), Withholding tax, India-Nordic Summit, Wet Bulb Globe Temperature (WBGT), direct-seeded rice (DSR), declining population trend, Indian strategic petroleum reserves and more.

Monthly Current Affairs Pointer April 2026

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Yearly CA MCQs Apr 2025-Mar 2026 Compilation

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Daily UPSC Prelims MCQs - Current Affairs - 17th May 2026

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