Current Affairs for Exams
Daily current affairs curated for government exam preparation
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03 Jun 2026
12 articlesCPEC Explained: Why India Objects and How It Counters China in South Asia
After a China-Pakistan joint statement in May 2026 referred to Jammu and Kashmir, India rejected it and renewed its objections to CPEC. Here is what …
Khalilur Rahman of Bangladesh Elected President of the UN General Assembly's 81st Session
Bangladesh's Foreign Minister Khalilur Rahman has been elected President of the UN General Assembly for its 81st session, defeating Cyprus's candidate. He will serve a …
IIP Explained: India's New 2022-23 Base Year, Sectors and Use-Based Classification
The April 2026 Index of Industrial Production is the first release under the new 2022-23 base year. Here is a simple explainer on what the …
RBI MPC Meeting June 2026: Rates Likely to Stay on Hold Amid Caution
The RBI's Monetary Policy Committee meets in early June 2026, with analysts widely expecting rates to be held steady amid caution over rising inflation risks …
India-US Trade Deal Nears Finish as US Proposes 12.5% Tariff Under Section 301
The US says nearly 99% of issues in the first-phase India-US trade agreement are resolved and a deal is weeks away. At the same time, …
India's Services PMI Rises to 59.8 in May 2026, Strongest Growth Since November 2025
India's services PMI rose to 59.8 in May 2026 from 58.8 in April, the fastest growth since November 2025. A reading above 50 signals expansion, …
Union Cabinet Approves Rs 20,000 Crore Plan for Jet Fuel Price Support and Cleaner Vehicles
On 3 June 2026 the Union Cabinet cleared schemes worth nearly Rs 20,000 crore, including a Rs 10,000 crore fund to keep jet fuel prices …
Reforming India's Fertilizer Subsidy: Why Design Details Matter
India's nearly Rs 2 trillion fertilizer subsidy faces reform via Direct Benefit Transfer, but experts warn that without correcting urea pricing and the skewed N:P:K …
India's Push for a Homegrown Semiconductor Ecosystem: Drivers and Challenges
India is pushing to build a homegrown chip ecosystem through the India Semiconductor Mission (Rs 76,000 crore outlay) and state incentives, driven by economic security, …
Why Savers Are Moving Money From Savings Accounts to Fixed Deposits
Central bank data shows savers shifting from low-yield savings accounts (2.5%) to fixed deposits (around 6.25%) as rate cuts pushed savings returns below inflation. The …
Centre's Domestic Financing Nearly Doubled to Rs 3.6 Trillion in April 2026
The Centre raised nearly Rs 3.6 trillion via domestic financing in April 2026, almost double a year earlier, aided by strong small savings inflows. It …
India GDP Likely Grew Around 7.3% in Q4 FY26, Economists Project
A survey of economists projects India's GDP grew about 7.3% in the January-March 2026 quarter, easing from 7.8% earlier but still resilient. This is an …
01 Jun 2026
7 articlesIndia–Oman CEPA Comes Into Force, Opening Duty-Free Access for Indian Exports
The India–Oman CEPA came into force on 1 June 2026, giving nearly all Indian exports duty-free access to Oman. It adds to India’s widening network …
West Asia Crisis Exposes India's Energy Vulnerability: What India Should Do
The West Asia crisis has again exposed how dependent India is on imported energy, which drives inflation and pressures the rupee. India has strong refining …
Centre Sets Aside Rs 8,550 Crore to Boost Farm Machinery and Curb Stubble Burning in FY27
The Centre has set aside Rs 8,550 crore for FY27 to help about 1.5 lakh small and marginal farmers access modern machinery and reduce stubble …
India Cuts Export Duties on Petrol, Diesel and ATF from 1 June 2026
From 1 June 2026 the Finance Ministry cut export duties on petrol to Rs 1.5 per litre, diesel to Rs 13.5 per litre and ATF …
Ethical use of AI in culture a key focus for India-hosted BRICS culture talks
India's Culture Ministry said on 1 June 2026 that the ethical use of AI in culture will be a key focus of the BRICS culture …
Iran Halts Indirect Talks With U.S. as Israel Expands Lebanon Offensive
On 1 June 2026, Iran suspended its indirect message exchanges with the United States, citing Israel's widening offensive in Lebanon and insisting a Lebanon ceasefire …
India-Oman Free Trade Agreement (CEPA) Enters into Force on 1 June 2026
The India-Oman Comprehensive Economic Partnership Agreement (CEPA), signed in December 2025, entered into force on 1 June 2026. Oman has granted zero-duty access on 98% …