Monthly current affairs for June 2026

Meta has partnered with Reliance Industries Ltd (RIL) to develop its first large-scale AI-enabled data centre in Jamnagar, Gujarat.

Under the agreement, the former will lease 168 MW of AI-ready data centre capacity from RIL, with operations expected to commence by 2028.

Union Minister of State Kirti Vardhan Singh has launched the ‘NZP Saathi App’ and inaugurated self-ticketing kiosks at the National Zoological Park (NZP) in New Delhi.

The app acts as a digital guide for the zoo, providing smart navigation and facilitating easy online ticketing for visitors.

The Monetary Policy Committee (MPC) of the RBI, chaired by Governor Sanjay Malhotra, held its second bi-monthly meeting for FY27. The committee unanimously voted to maintain the policy repo rate at 5.25% and retained a ‘neutral’ stance.

The RBI has maintained other key policy rates: Standing Deposit Facility (SDF) rate at 5%, Marginal Standing Facility (MSF) rate at 5.5%, Bank Rate at 5.5%, Cash Reserve Ratio (CRR) at 3%, and Statutory Liquidity Ratio (SLR) at 18%. The real GDP growth projection for India for FY27 is revised to 6.6% from 6.9%.

The quarterly real GDP growth is projected at 6.6% for Q1, 6.3% for Q2, 6.5% for Q3, and 6.8% for Q4. The Consumer Price Index (CPI) inflation projection is increased to 5.1% from 4.6%, and core inflation to 4.7% from 4.4%. Additionally, the baseline crude oil price projection is revised to $95 per barrel, up from $85 per barrel.

The RBI has imposed a monetary penalty of ₹41.8 lakh on Canara Bank for failing to comply with regulatory norms. The fine was imposed after a supervisory review revealed lapses in ‘Know Your Customer’ (KYC) norms and account classification.

The Tamil Nadu government has launched the Singappen Special Task Force, an all-women police unit dedicated to preventing crimes against women and children.

Headed by Inspector General of Police (IGP) K Bhavaneeswari, the unit will deploy about 2,500 personnel in its initial phase. The government has allocated ₹354 crore for this initiative.

Bharathiraja, a veteran Tamil filmmaker and actor, passed away at the age of 85. He was a recipient of the Padma Shri in 2004 for his contributions to the field of Arts.

Throughout his career, he won 6 National Film Awards and 3 Filmfare Awards South.

World Bicycle Day:

Day – June 3

Theme 2026 – “Cycling for a Greener Future“

Observed since – 2018

Initiated by – Leszek J Sibilski, a Polish-American social scientist

World Environment Day:

Day – June 5

Theme 2026 – “Inspired by Nature. For Climate. For Our Future”

Observed by – United Nations Environment Programme (UNEP)

Observed since – 1973

Host – Azerbaijan

The Cabinet Committee on Economic Affairs has approved the construction of General Pool Residential Accommodation (GPRA) and Central Government General Pool Office Accommodation (CGGPOA) in Amaravati, Andhra Pradesh. It is to be noted that this is the first GPRA project to be established in the state.

The Competition Commission of India (CCI) has approved the acquisition of a 2.8% stake in Shriram Life Insurance Company Ltd (SLIC) by Sanlam Emerging Markets (Mauritius) Ltd (SEMM) through a preferential issue.

Additionally, the commission has approved the acquisition of a 29.06% stake in PUMA SE by Ancat Holding GmbH, an indirect wholly-owned subsidiary of ANTA, via a secondary share purchase.

The Ministry of Finance has introduced reforms to increase the participation of Foreign Portfolio Investors (FPIs) in Government Securities (G-Secs).

The measures include tax exemptions on interest income, Long Term Capital Gains (LTCG), and Short Term Capital Gains (STCG). Additionally, the reforms involve the expansion of specified securities under the Fully Accessible Route (FAR).

GRASA Millets & Food Pvt Ltd, the first food-led metabolic recovery system of India, has been conferred the ‘Rashtriya Ratna Samman 2026’.

The startup was awarded under the category of “Emerging Health Tech & Nutrition Innovation Startup of the Year” for the innovative approach of the company to metabolic health, which utilizes the science of millets and fermentation.

The Government of India (GoI) has extended the Credit Guarantee Scheme for Microfinance Institutions-2.0 (CGSMFI-2.0) until August 2026 or until guarantees amounting to ₹20,000 crore are issued, whichever is earlier.

The government has also increased the maximum loan amount cap for Large Sized Non-Banking Financial Company-Micro Finance Institutions (NBFC-MFIs)/Micro Finance Institutions (MFIs) from ₹300 crore to ₹1,000 crore, subject to an overall ceiling of 20% of Assets under Management (AUM).

The International Finance Corporation (IFC), an arm of the World Bank Group, along with global investors, has committed $105 million to Hygenco Green Energies Pvt Ltd to accelerate green hydrogen development in India.

This marks the first direct green hydrogen investment in India for the IFC, Siemens, and Fullerton. The total funding includes $50 million from the IFC, $25 million from Siemens, and up to $30 million from Fullerton.

The World Yogasana Championship 2026 was held at the EKA Arena in Ahmedabad, Gujarat. The championship was organized by World Yogasana, Yogasana Bharat, and the Indian Olympic Association (IOA). The official mascot of the event was ‘Veer the Lion’.

India dominated the medal tally by securing 114 medals (102 gold, 9 silver, and 3 bronze) with a 122-member contingent. Abhay Burman secured the first gold medal for India. Japan ranked second with 3 gold medals, followed by Argentina in the third position.

India has joined ‘Project Glasswing’, a global cybersecurity initiative led by Anthropic PBC, gaining access to ‘Claude Mythos AI’, an advanced AI model.

This model is designed to identify software vulnerabilities and strengthen cyber defences for critical infrastructure, helping participating nations enhance their cybersecurity resilience and safeguard their critical digital infrastructure.

Union Minister Hardeep Singh Puri has launched India’s first passenger Flex-Fuel Vehicle (FFV), the Maruti Suzuki Wagon R, capable of running on ethanol-petrol blends ranging from 20% ethanol (E20) to E100.

It is to be noted that Union Minister Nitin Gadkari also launched Hero MotoCorp’s first flex-fuel motorcycles, the ‘Splendor+ Flex Fuel’ and ‘HF Deluxe Flex Fuel’, in New Delhi. These initiatives are aimed at promoting ethanol-based mobility in India.

According to data by Bloomberg, India has slipped to the 7th position in global market capitalization (mcap) with a valuation of $4.84 trillion, while South Korea has ascended to the 6th position with $5.01 trillion.

The USA leads the global mcap rankings with $79.1 trillion, followed by China, Japan, and Hong Kong. Additionally, India’s share in the Morgan Stanley Capital International (MSCI) Global Standard Index has decreased from 21% in September 2024 to 12.3%.

The Ministry of Jal Shakti has signed reform-linked MoUs with Manipur and Bihar under the Jal Jeevan Mission (JJM) 2.0.

The agreements aim to shift the focus from infrastructure creation to long-term sustainability by establishing a Gram Panchayat-led, service-based, and community-centered governance framework. With this, 33 out of 34 eligible States and Union Territories have signed the agreement with the Department of Drinking Water and Sanitation (DDWS) under JJM 2.0.

The Ministry of Defence has signed a contract with the Bengaluru-based Accord Software and Systems Pvt Ltd (ASSPL) for the procurement of 20 Enhanced Capability Global Navigation Satellite System (ECGNSS) Jammers for the Indian Navy.

The contract is worth ₹449 crore and falls under the ‘Buy (Indian-Indigenously Designed, Developed and Manufactured (IDDM))’ category, which mandates at least 75% indigenous content.