Current Affairs for Exams

Daily current affairs curated for government exam preparation

03 Jun 2026

12 articles
International Relations

CPEC 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 …

UPSC SSC DEFENCE
International Relations

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 …

UPSC SSC BANKING
Economy

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 …

UPSC SSC BANKING
Economy

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 …

UPSC SSC BANKING
Economy

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, …

UPSC SSC BANKING
Economy

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, …

UPSC SSC BANKING
Economy

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 …

UPSC SSC BANKING
Economy

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 …

UPSC STATE-PCS SSC-CGL
Economy

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, …

UPSC STATE-PCS SSC-CGL
Banking

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 …

BANKING SSC-CGL UPSC STATE-PCS
Economy

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 …

UPSC SSC-CGL BANKING STATE-PCS
Economy

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 …

UPSC SSC-CGL BANKING STATE-PCS

01 Jun 2026

7 articles
Economy

India–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 …

UPSC BANKING SSC
Economy

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 …

UPSC STATEPCS BANKING
Economy

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 …

UPSC SSC STATEPCS BANKING
Economy

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 …

UPSC SSC BANKING STATEPCS
International Relations

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 …

UPSC SSC STATE_PCS BANKING
International Relations

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 …

UPSC SSC BANKING STATE_PCS
International Relations

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% …

UPSC SSC BANKING STATE_PCS