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CURRENT AFFAIRS : BANKING, FINANCE & BUSINESS

Insurance Regulatory and Development Authority of India Imposes ₹1 Crore Penalty on Nissan Renault Financial Services India for Violating Insurance Distribution and Motor Insurance Service Provider Norms

• The Insurance Regulatory and Development Authority of India (IRDAI) imposed a penalty of ₹1 crore on Nissan Renault Financial Services India Private. Limited. for violations related to insurance distribution norms and Motor Insurance Service Provider (MISP) guidelines.
• The regulatory action followed an onsite inspection conducted by IRDAI in September 2024, which revealed multiple compliance and governance deficiencies in the company's insurance operations.
• The company was found to have violated provisions governing the functioning of Corporate Agents and adherence to motor insurance service regulations.
• IRDAI directed the company to strengthen its compliance framework and ensure strict adherence to applicable insurance regulations and guidelines.
• The regulator instructed that the order be placed before the Board of Directors of the Corporate Agent in its upcoming board meeting for review and discussion.
• The company has been directed to submit a copy of the board meeting minutes to IRDAI after the matter is discussed.
• IRDAI further ordered the Corporate Agent to submit an Action Taken Report (ATR) within 90 days from the date of the order.

About IRDAI:

• Headquarters (HQ): Hyderabad, Telangana, India
• Chairperson:Ajay Seth
• Founded: 1999

Reserve Bank of India’s FY26 Balance Sheet Grows 20.6% to Rs 91.97 Lakh Crore, Says Annual Report 2025–26

• The Reserve Bank of India (RBI) released its Annual Report 2025–26 and submitted it to the Central Government under Section 53(2) of the RBI Act, 1934.
• The report contains the Central Board of Directors’ review of the working of the RBI for the year ended 31 March 2026.
• The Balance Sheet (BS) of RBI expanded by 20.6% during FY26, reflecting significant growth in the central bank's assets and investments.
• The size of RBI’s balance sheet increased from Rs 76.25 lakh crore in FY25 to Rs 91.97 lakh crore as on 31 March 2026, registering an increase of Rs 15.72 lakh crore.
• RBI transferred Rs 1.09 lakh crore to the Contingency Fund (CF) as a provision to strengthen its financial resilience.
• On the asset side, the increase was primarily driven by a sharp rise in domestic investments, gold holdings, and foreign investments.
• Domestic investments increased by 44.9%, rising to Rs 22.59 lakh crore during FY26.
• RBI’s gold holdings recorded the highest growth, increasing by 63.8% to Rs 10.94 lakh crore.
• Foreign investments rose by 7.9% and reached Rs 52.68 lakh crore as of 31 March 2026.
• The report highlighted that the amount involved in banking fraud cases increased significantly by 46%, reaching Rs 48,021 crore in FY26 compared to Rs 32,803 crore in FY25.
• Despite the increase in the fraud amount, the number of fraud cases reported by the banking sector declined sharply.
• The total number of fraud cases decreased from 23,722 cases in FY25 to 10,114 cases in FY26.

Government of India Releases Provisional Unaudited Accounts for FY 2025–26

• The Accounts of the Government of India for the Financial Year 2025–26 (Provisional/Unaudited) have been consolidated and published, presenting key fiscal highlights.
• During 2025–26, the Government of India received a total ₹33,85,982 crore, which is 4% of the Revised Estimates (RE) 2025–26 for total receipts.
• The total receipts comprise Net Tax Revenue to Centre (₹26,23,264 crore), Non-Tax Revenue (₹6,78,961 crore), and Non-Debt Capital Receipts (₹83,757 crore).
• The Non-Debt Capital Receipts include Recovery of Loans (₹24,617 crore) and Miscellaneous Capital Receipts (₹59,140 crore).
• The Government transferred ₹13,92,971 crore to State Governments as devolution of share in central taxes, which is ₹1,06,086 crore higher than the previous year.
• The total expenditure of the Government of India stood at ₹49,05,151 crore, which is 8% of the corresponding RE 2025–26.
• Out of total expenditure, ₹38,36,032 crore was spent on the Revenue Account, while ₹10,69,119 crore was on the Capital Account.
• Within Revenue Expenditure, ₹12,42,575 crore was incurred on Interest Payments, reflecting the cost of government borrowing.
• Additionally, ₹4,53,854 crore was spent on Major Subsidies, supporting welfare and economic support measures.

CURRENT AFFAIRS : INTERNATIONAL NEWS

AUKUS Nations Launch Joint Underwater Drone Programme to Strengthen Maritime Defence Capabilities

• The AUKUS security alliance comprising Australia, the United Kingdom (UK), and the United States of America (USA) launched a joint underwater drone programme under AUKUS Pillar Two.

Key Highlights :

• The programme aims to co-develop advanced Uncrewed Undersea Vehicles (UUVs) and related technologies to strengthen the maritime capabilities of the three partner nations.
• The announcement was made by Richard Marles, Pete Hegseth, and John Healey at the IISS Shangri-La Dialogue in Singapore.
• The initiative seeks to develop a suite of highly adaptable, multi-mission UUV payloads capable of supporting a wide range of undersea military operations.
• A major objective of the programme is to help AUKUS partners maintain their collective strategic advantage in the maritime domain amid evolving security challenges.
• The first delivery of UUV technology under the programme is expected by 2027.
• The project falls under AUKUS Pillar Two, which focuses on cooperation in advanced defence and emerging technologies beyond nuclear-powered submarines.
• Key technology areas under the collaboration include quantum computing, long-range hypersonic weapons, undersea robotics, Artificial Intelligence (AI), and advanced autonomous systems.
• Uncrewed Undersea Vehicles (UUVs) are underwater drones capable of conducting surveillance, reconnaissance, intelligence gathering, mine countermeasures, and other maritime missions without onboard human operators.

About AUKUS :

• AUKUS was established in 2021 as a trilateral defence partnership between Australia, the UK, and the USA to enhance cooperation in nuclear-powered submarines, advanced military technologies, and maritime security.

About Australia :

• Prime Minister : Anthony Albanese
• Capital : Canberra
• Currency : Australian dollar

About United Kingdom :

• Prime Minister : Keir Starmer
• Capital : London
• Currency : Pound sterling

About USA :

• President : Donald Trump
• Capital : Washington, D.C.
• Currency : U.S. dollar ($)

 CURRENT AFFAIRS: NATIONAL AND STATE NEWS

West Bengal Government Begins Enrolment for Annapurna Yojana

• The Government of West Bengal has begun the enrolment process for the Annapurna Yojana.
• Under the scheme, eligible women will receive ₹3,000 per month as financial assistance,
• The existing Lakshmir Bhandar scheme will continue until the full implementation of the Annapurna Yojana,
• The scheme is applicable to women aged 25 to 60 years,
• Eligibility criteria include women who are not permanent government employees, not receiving salaries or pensions, and not paying income tax,
• The West Bengal government has initiated a verification and database cleansing exercise for beneficiaries of the proposed scheme,
• Existing beneficiaries of the Lakshmir Bhandar scheme will be migrated to the Annapurna Yojana, except:
• Dead beneficiaries
• Shifted beneficiaries
• Deleted beneficiaries
• Absentee electors identified during Special Intensive Revision 2026
• Cases marked as ASDD (Absent, Shifted, Dead or Duplicate)
• An online application portal will be launched on 1 June 2026 for fresh applicants,
• The initiative aims to streamline beneficiary identification and ensure targeted delivery of benefits,

About West Bengal

• Capital: Kolkata,
• Chief Minister: Suvendu Adhikari
• Governor: R N Ravi

RECENT NEWS

• The State of West Bengal has approved the 7th Pay Commission for the lakhs of state government employees and pensioners. But the one major question remains unanswered and it was the fitment factor as it will determine the exact salary increase. 

Dr Jitendra Singh Participates in 150-Year Celebrations of Indian Association for the Cultivation of Science in Kolkata

• Union Minister of State (Independent Charge) for Science and Technology Dr Jitendra Singh participated in the 150-year celebrations of the Indian Association for the Cultivation of Science (IACS) in Kolkata.
• During the event, he inaugurated an indigenously developed Plasma Enhanced Chemical Vapour Deposition system (PECVD) at the Indian Association for the Cultivation of Science,
• The system has been developed for the fabrication of India’s first amorphous silicon solar cell,
• He also inaugurated Research Entrepreneurship for Translation, Innovation and Navigation, a centre aimed at connecting fundamental research with entrepreneurship, startups and societal applications.
• The institute is known as the cradle of eminent scientists including Jagadish Chandra Bose, Meghnad Saha, Satyendra Nath Bose and Sir C V Raman,
• Sir C V Raman conducted his research on the Raman Effect at the Indian Association for the Cultivation of Science,
• The discovery of the Raman Effect led to Sir C V Raman receiving the Nobel Prize in Physics in 1930, marking India’s first Nobel Prize in Science,
• Pandit Ishwar Chandra Vidyasagar and Keshab Chandra Sen were among the first members of the Trustee Board of the Indian Association for the Cultivation of Science, while Dr Mahendralal Sircar served as the first Honorary Secretary,

About Indian Association for the Cultivation of Science

• Founded: 1876
• Founder: Dr Mahendralal Sircar
• Location: Kolkata, West Bengal
• First Indian Nobel Prize in Science: Sir C V Raman (1930)

Department of Administrative Reforms and Public Grievances Launches Portal for National e-Governance Service Delivery Assessment (National e-Governance Service Delivery Assessment) 2025

• The Department of Administrative Reforms and Public Grievances has launched the Portal for National e-Governance Service Delivery Assessment, 2025
• The National e-Governance Service Delivery Assessment is a biennial assessment framework developed by the Department of Administrative Reforms and Public Grievances to measure the effectiveness of electronic governance service delivery from the citizen’s perspective,
• The framework is based on the Online Service Index of the United Nations Electronic Government Survey and is customised for India’s federal structure,
• It evaluates the availability, accessibility and maturity of online service delivery across States, Union Territories and Central Ministries and Departments,
• Government portals are classified into two categories: State, Union Territory, City and Central Ministry Portals and State, Union Territory, City and Central Ministry Service Portals,
• The framework covers both Government-to-Citizen services and Government-to-Business services,
• Key sectors covered include finance, labour and employment, education, local governance and utility services, social welfare, environment including fire services, tourism, public grievance, transport and travel,
• The National e-Governance Service Delivery Assessment 2025 proposes inclusion of services of the Ministry of Corporate Affairs as an additional focus area,
• A total of 59 mandatory services per State and Union Territory will be assessed, along with 43 services for Central Ministries and Departments,
• The portal will be used to collect online data from States, Union Territories and Central Ministries and Departments,
• The Department of Administrative Reforms and Public Grievances will conduct stakeholder consultations, capacity building sessions and review meetings during the assessment cycle with nodal officers,

NITI Aayog Releases Roadmap for India’s Semiconductor Industry Till 2035

• NITI Aayog has released a roadmap report titled “Future of India’s Semiconductor Industry”, outlining a vision for the sector up to 2035.
• The report was prepared by the Frontier Tech Hub of NITI Aayog.
• According to the report, India currently imports 90–95% of the semiconductors it consumes.
• India spent nearly $150 billion on semiconductor imports between Financial Year 2017 and Financial Year 2025.
• If current trends continue, annual semiconductor import costs could rise to around $240 billion by 2035.
• India’s semiconductor demand is projected to grow at a Compound Annual Growth Rate of 19%, reaching around $90 billion by 2030 and exceeding $200 billion by 2035.
• The roadmap aims to build a semiconductor value chain worth $120–150 billion by 2035, accounting for 10–13% of the global semiconductor market.
• It also targets achieving 35–50% self-sufficiency in domestic semiconductor demand by 2035.
• The report identifies five strategic pillars for the sector's development:
• Pioneering
• Policy and Investment
• Production
• People
• Partnership
• Under the Partnership pillar, the report recommends deeper cooperation with trusted semiconductor partners such as the United States, Japan, South Korea, and the European Union.
• The roadmap also recommends establishing a National Fab Academy, introducing semiconductor-focused engineering curricula, conducting large-scale technician training programmes, and launching a global talent initiative to attract experienced semiconductor professionals.
• It emphasizes strengthening domestic capabilities in mature-node chips, advanced packaging, semiconductor design, and compound semiconductors such as Silicon Carbide and Gallium Nitride.

About NITI Aayog

• Headquarters: New Delhi
• Chairperson: Narendra Modi
• Vice Chairman: Ashok Lahiri
• Chief Executive Officer: Nidhi Chhibber
• Established: 1 January 2015
• Full Form: National Institution for Transforming India Aayog.

RECENT NEWS

• India started to preparing the massive economic transformation as the NITI Aayog has introduced the new two-phase strategy for the Digital Public Infrastructure (DPI). This new DPI phase will aims to turn the country into the $30 trillion economy by the year 2047. 

ArcelorMittal Nippon Steel India Becomes First Company Approved Under Pradhan Mantri Skilling and Employability Transformation through Upgraded Industrial Training Institutes Scheme

• ArcelorMittal Nippon Steel India has become the first company to receive approval for a Strategic Investment Plan under the Pradhan Mantri Skilling and Employability Transformation through Upgraded Industrial Training Institutes (PM-SETU) Scheme.
• The approval was granted by the National Steering Committee, chaired by Debashree Mukherjee, Secretary, Ministry of Skill Development and Entrepreneurship, during its third meeting held at Kaushal Bhawan, New Delhi.
• The approved Strategic Investment Plan covers the Visakhapatnam Industrial Training Institute Cluster in Andhra Pradesh.
• With this approval, Andhra Pradesh has become the first state to operationalise an industry partnership under the Pradhan Mantri Skilling and Employability Transformation through Upgraded Industrial Training Institutes Scheme.
• Andhra Pradesh has also become the first state to formally onboard an Anchor Industry Partner, enabling industry-led management of government Industrial Training Institutes.
• The initiative is expected to strengthen industry participation in vocational education and improve employability outcomes.
• The Pradhan Mantri Skilling and Employability Transformation through Upgraded Industrial Training Institutes Scheme was approved by the Union Cabinet in 2025.
• The scheme has a total outlay of ₹60,000 crore.
• It aims to upgrade 1,000 government Industrial Training Institutes across India through a hub-and-spoke model.
• The scheme seeks to modernise vocational training infrastructure and align skill development programmes with industry requirements.

About Arcelor Mittal Nippon Steel India

• Headquarters: Hazira Gujarat
• Chairman: Aditya Mittal
• Chief Executive Officer: Dilip Oommen

Sarbananda Sonowal Launches Logistics Port Performance Index (LPPI) for FY25

• Union Minister of Ports, Shipping and Waterways Sarbananda Sonowal launched the Logistics Port Performance Index (LPPI) for FY25 during the 37th Foundation Day celebrations of the Jawaharlal Nehru Port Authority (JNPA) in Mumbai.
• LPPI has been developed under the ‘Sagar Aankalan’ framework as a national benchmarking mechanism to assess and improve the operational performance of Indian ports.
• The index evaluates ports across three cargo segments: dry bulk, liquid bulk, and container cargo.
• Performance is measured using indicators such as cargo handled, vessel turnaround time, berth idle time, pre-berthing waiting time, container dwell time, and ship berth day output.
• The framework assigns equal weightage to both absolute performance and year-on-year improvement.
• The Minister also launched four digital initiatives developed by the Directorate General of Shipping (DGS).
• These include a 24x7 grievance redressal module under the e-Navik platform, a ship registration module on the e-Samudra platform, a medical practitioner module, and a unified ship recycling credit note module.
• He also unveiled the Unified Ship Recycling Portal under the Ship Recycling Credit Scheme.
• The scheme is part of the government's ₹70,000-crore Maritime Development Package announced in 2025.
• Under the scheme, ship owners recycling vessels at Hong Kong Convention-compliant Indian shipyards will receive a credit note equivalent to 40% of the vessel’s scrap value.
• The credit note can be redeemed against the cost of new shipbuilding projects in India.
• The initiatives aim to improve port efficiency, strengthen maritime governance, promote digitalisation, and support sustainable ship recycling.

About Ministry of Ports, Shipping and Waterways

• Minister of Ports, Shipping & Waterways: Sarbananda Sonowal
• Constituency – Dibrugarh, Assam
• MoS in Ministry of Ports, Shipping & Waterways: Shantanu Thakur

CURRENT AFFAIRS: AWARDS AND HONOURS

Indian Haj Mission Wins Two Labbaytum Awards at 2026 Haj Season Closing Ceremony

• For the first time, the Indian Haj Mission, under the Ministry of Minority Affairs (Minority Affairs Minister Kiren Rijiju), won two Labbaytum Awards in the Best Haj Coordination and Communication category.
• The awards were presented during the Khitamahu Misk Ceremony held in Saudi Arabia, marking the formal conclusion of the 2026 Haj season.
• Consul General Fahad Ahmed Khan Suri and Consul Haj Sadaf Choudhary represented India at the award ceremony.
• The Indian Haj Mission 2026 was led by Dr. Suhel Ajaz Khan, Ambassador of India to Saudi Arabia, and Fahad Ahmed Khan Suri, Consul General of India in Jeddah.
• Approximately 175,000 Indian pilgrims performed Haj in 2026.
• The Labbaytum Awards are presented annually by the Saudi Ministry of Haj and Umrah to recognise excellence in pilgrim services and management.
• The awards highlight India's effective coordination, communication, and service delivery for Haj pilgrims.
• The recognition reflects the efforts of the Indian Haj Mission in ensuring a smooth and efficient pilgrimage experience for Indian pilgrims.

About Saudi Arabia

• Capital: Riyadh
• Currency: Saudi Riyal
• Prime Minister: Mohammed bin Salman Al Saud
• King: Salman bin Abdulaziz Al Saud

CURRENT AFFAIRS : APPOINTMENTS & RESIGNATIONS

Chief Justice of India Surya Kant Swears In Five New Judges of the Supreme Court

• Chief Justice of India (CJI) Surya Kant administered the oath of office to five new judges of the Supreme Court of India on 02 June 2026.
• The five newly appointed judges are Justice Sheel Nagu, Justice Shree Chandrashekhar, Justice Sanjeev Sachdeva, Justice Arun Palli, and Senior Advocate Venkita Subramani (V.) Mohana.
• The appointments were approved by the Central Government based on the recommendations of the Supreme Court Collegium, made during its meetings on 22 May 2026 and 27 May 2026.
• President Droupadi Murmu appointed the five judges under Article 124(2) of the Constitution of India, after consultation with the Chief Justice of India.
• Union Minister for Law and Justice Arjun Ram Meghwal officially announced the appointments through a social media post.
• The oath ceremony took place shortly after the promulgation of the Supreme Court (Number of Judges) Amendment Ordinance, 2026, which increased the sanctioned strength of the Supreme Court.
• The sanctioned strength of the Supreme Court was increased from 34 to 38 judges (including the Chief Justice of India).
• With the induction of the five judges, the working strength of the Supreme Court increased to 37 judges, leaving only one vacancy in the apex court.
• The appointments represent the first set of Supreme Court appointments approved by the Collegium headed by CJI Surya Kant.

Key Highlights :

• Justice Sheel Nagu previously served as the Chief Justice of the Punjab and Haryana High Court before his elevation to the Supreme Court.
• Justice Sheel Nagu was born on 01 January 1965, enrolled with the Bar Council of Madhya Pradesh in 1987, became an Additional Judge of the Madhya Pradesh High Court in 2011, and a Permanent Judge in 2013.
• Justice Shree Chandrashekhar previously served as the Chief Justice of the Bombay High Court before his elevation.
• Justice Shree Chandrashekhar was born on 25 May 1965, enrolled with the Bar Council of Delhi in 1993, specialized in civil and criminal law, and became an Additional Judge of the Jharkhand High Court in 2013.
• His elevation is significant because it restores representation from Jharkhand in the Supreme Court.
• Justice Sanjeev Sachdeva previously served as the Chief Justice of the Madhya Pradesh High Court.
• Born on 26 December 1964, Justice Sanjeev Sachdeva graduated from the Campus Law Centre, Delhi University in 1988 and was elevated as an Additional Judge of the Delhi High Court in 2013.
• Justice Arun Palli served as the Chief Justice of the Jammu & Kashmir and Ladakh High Court before joining the Supreme Court.
• Born on 18 September 1964, Justice Arun Palli served as Additional Advocate General of Punjab (2004–2007) and became a Judge of the Punjab and Haryana High Court in December 2013.
• Venkita Subramani Mohana (V. Mohana) is a Senior Advocate elevated directly from the Bar to the Supreme Court.
• Mohana became only the second woman advocate in India's history to be directly elevated from the Bar to the Supreme Court, after Justice Indu Malhotra in 2018.
• Her recommendation marks the first time since August 2021 that the Collegium recommended a woman candidate for appointment to the Supreme Court.
• At the time of her appointment, Justice B. V. Nagarathna was the only woman judge on the Supreme Court bench and also a member of the Supreme Court Collegium.

Vice Admiral Vineet McCarty Takes Over as 20th Commander-in-Chief of Andaman & Nicobar Command

• Vice Admiral Vineet McCarty assumed charge as the 20th Commander-in-Chief of the Andaman & Nicobar Command (ANC) at Sri Vijaya Puram on 01 June 2026.

About Vice Admiral Vineet McCarty :

• He was commissioned into the Indian Navy on 01 July 1989 and is a specialist in Gunnery and Missiles.
• Vice Admiral McCarty is an alumnus of the Defence Services Staff College, Wellington and the National Defence College, New Delhi.
• He brings over 36 years of distinguished naval service across operational, staff, training, and tri-service domains.
• His sea tenures include serving as a member of the commissioning crew of INS Delhi and completing all specialist appointments onboard the frontline destroyer.
• He has commanded three major Indian Naval warships: INS Ajay, INS Khanjar, and INS Shivalik.
• His important training and staff appointments include Training Commander at the Indian Naval Academy, Command Plans Officer at Headquarters Eastern Naval Command, and Commodore Naval Plans at Naval Headquarters.
• After promotion to Flag Rank in 2020, he served as Assistant Chief of Naval Staff (Staff Requirements) and Controller of Personnel Services.
• In 2023, he commanded the Western Fleet as Flag Officer Commanding Western Fleet (FOCWF), one of the most important operational fleet commands of the Indian Navy.
• He became the 10th Commandant of the Indian Naval Academy in 2024.
• During 2025–26, he held consecutive appointments at Headquarters Integrated Defence Staff (HQ IDS) as Deputy Chief of Integrated Defence Staff (Policy, Plans and Force Development) and Deputy Chief of Integrated Defence Staff (Doctrine, Organisation and Training).
• His overseas assignments include serving as Directing Staff at the Naval and Maritime Academy, Sri Lanka.
• He also served as Defence Advisor to Singapore and the Philippines concurrently from 2011 to 2015.

CURRENT AFFAIRS : DEFENCE NEWS

Indian Army Conducts Trials of Divyastra Mk-1 for Intelligence and Surveillance Operations

• The Indian Army successfully completed operational trials of the Divyastra Mk-1, an indigenous AI-powered tactical loitering munition system, in Jodhpur, Rajasthan.
• Divyastra Mk-1 was developed by Hoverit, a Lucknow-based defence technology startup, with approximately 95% indigenous content.
• The system has been designed to strengthen Intelligence, Surveillance and Reconnaissance (ISR) capabilities and enhance operational effectiveness along India's border regions.

Key Highlights :

• Divyastra Mk-1 is an AI-powered tactical Unmanned Aerial Vehicle (UAV) developed for intelligence gathering, surveillance, reconnaissance, and precision strike missions.
• The system has an operational range of up to 500 km, making it suitable for long-range tactical missions.
• It offers an endurance of up to 5 hours, enabling prolonged surveillance and target monitoring operations.
• The UAV can achieve an attack speed of 300–400 km per hour and carry a payload of up to 15 kg.
• During the demonstration conducted on 01 June 2026, the system was launched multiple times from a vehicle-mounted mobile launcher, validating its rapid deployment capability.
• The operational trials successfully demonstrated the system's effectiveness under desert conditions exceeding 50°C, proving its reliability in extreme environments.
• Divyastra Mk-1 is a loitering munition, an aerial weapon system capable of remaining over a target area before identifying and striking a designated target.
• Loitering munitions are also commonly known as suicide drones or kamikaze drones in military terminology.
• The system is equipped with Artificial Intelligence (AI) capabilities that enable autonomous navigation, intelligent target recognition, and precision engagement.
• It also features swarm technology, allowing multiple drones to coordinate attacks, conduct decoy missions, and execute synchronized operations.
• The successful trials highlight India's growing expertise in indigenous drone technology, AI-enabled warfare systems, and next-generation battlefield capabilities.
• Hoverit is currently developing the Divyastra Mk-2, which is expected to have a strike range of 1,500–2,000 km and a payload capacity of up to 80 kg.
• The Divyastra Mk-1 is expected to cost approximately one-third of comparable foreign loitering munition systems, making it a cost-effective indigenous solution.

Defence Research and Development Organisation and Indian Air Force Successfully Test-Fire Indigenous RudraM-II Air-to-Surface Missile

• Defence Research and Development Organisation (DRDO) and the Indian Air Force (IAF) successfully conducted flight-tests of the indigenously developed RudraM-II Air-to-Surface Missile from an airborne platform.
• The RudraM-II missile tests were conducted under extreme release conditions and along a critical flight trajectory, successfully validating the performance of all onboard subsystems.
• After launch, the missiles accurately navigated to a predefined target with pinpoint precision, demonstrating the effectiveness of their guidance and navigation systems.
• All the test objectives were successfully achieved, as confirmed through flight data collected by the Integrated Test Range (ITR), Chandipur.
• RudraM-II is an indigenously developed Air-to-Surface Missile designed to enhance the Indian Armed Forces' capability to engage and neutralize enemy ground-based targets.
• The missile has been developed by Research Centre Imarat (RCI), Hyderabad, which served as the nodal DRDO laboratory for the project.
• The development programme involved collaboration with several DRDO laboratories, including Defence Research and Development Laboratory (DRDL), High Energy Materials Research Laboratory (HEMRL), Armament Research & Development Establishment (ARDE), and Integrated Test Range (ITR).
• Various Development-cum-Production Partners (DcPPs) and industry partners played a crucial role in the successful development and testing of the missile system.
• Key supporting organizations included Hindustan Aeronautics Limited (HAL), Regional Centre for Military Airworthiness (RCMA), and the Missile System Quality Assurance Agency, among others.
• The successful test highlights India's growing expertise in indigenous missile technology, advanced guidance systems, and precision strike capabilities.
• The successful tests demonstrate the growing maturity of indigenous defence technologies and represent a significant step toward Aatmanirbharta (self-reliance) in advanced weapon systems.

About DRDO :

• Formed : 1 January 1958
• Headquarters : New Delhi, Delhi, India
• Chairman : Samir V. Kamat

Indian Air Force Signs Pact with Indian Institute of Technology Bombay to Develop Artificial Intelligence-Based Predictive Maintenance for Su-30MKI Fleet

• Indian Air Force (IAF) signed three contracts with Indian Institute of Technology Bombay (IIT Bombay) for the indigenous development of Artificial Intelligence (AI)-driven predictive maintenance technologies.
• The partnership aims to develop a Digital Diagnostic Health Index for the Sukhoi Su-30MKI fighter aircraft fleet.
• The signing ceremony was presided over by Air Marshal KAA Sanjeeb (DG (Aircraft), IAF) and Shireesh B Kedare (Director of IIT Bombay).
• The collaboration focuses on implementing predictive, prognostic, and prescriptive maintenance technologies for the Su-30MKI fleet using indigenous expertise developed at IIT Bombay.
• The AI-based maintenance system is expected to enhance aircraft availability, improve operational efficiency, and reduce maintenance-related downtime.
• The initiative will help reduce service and maintenance costs while strengthening the mission readiness of the IAF's frontline fighter aircraft fleet.
• The maintenance framework will be developed using fully indigenous know-how and advanced data-driven engineering solutions, supporting the vision of Aatmanirbhar Bharat in defence technology.
• The project highlights the growing role of Artificial Intelligence (AI) and data analytics in modern military aviation maintenance and fleet management.
• Su-30MKI is a twin-engine, multi-role fighter aircraft operated by the Indian Air Force.
• The aircraft was originally developed by Sukhoi, Russia, and customized for India through a licence-production arrangement with Hindustan Aeronautics Limited (HAL).

Recent News :

• In June 2026, Bajaj Finserv Limited (BFS), one of India’s leading diversified financial services companies, in partnership with Indian Institute of Technology Bombay, launched a new initiative called “Bajaj Finserv Intelligence” in Mumbai, Maharashtra.

CURRENT AFFAIRS : SCIENCE & TECHNOLOGY

Defence Research and Development Organisation Successfully Conducts High-Calibre Conventional Bomb Test at Terminal Ballistics Research Laboratory, Haryana

• The Defence Research and Development Organisation (DRDO) under the Ministry of Defence successfully conducted a high-calibre conventional bomb trial at the Terminal Ballistics Research Laboratory (TBRL) located at Ramgarh Range, Panchkula, Haryana.
• The trial was carried out to validate advanced munitions and defence capabilities, highlighting India's ongoing efforts to strengthen its indigenous defence technologies.
• The high-powered explosive test was conducted in accordance with Standard Operating Procedures (SOPs) and under the supervision of senior Indian Air Force (IAF) officials and DRDO scientists.
• The successfully tested high-calibre bomb has been designed to serve as a warhead for Indian Air Force missiles and other air-dropped munitions, enhancing the operational capability of the armed forces.
• The test was conducted at TBRL, Ramgarh, a premier DRDO facility specializing in terminal ballistics, explosives, and weapon-effect studies.
• According to officials, the bomb trial was successfully executed while maintaining strict adherence to established safety and security protocols.
• Prior to the trial, TBRL, the District Administration, and the Police Administration issued a high alert to ensure public safety and smooth conduct of the operation.
• As part of the security arrangements, special surveillance and monitoring were maintained in the surrounding areas of the test range.
• Officials anticipated that bomb fragments could travel up to 1.5 kilometres from the point of detonation during the trial.
• A 2-kilometre radius around the test site was declared a sensitive security zone as a precautionary measure.
• The nearby villages of Bhanu and Billa were issued specific advisories and instructed to exercise extreme caution during the bomb-testing activity.

Indian Institute of Technology Madras Inaugurates Advanced Circulating Water Tunnel Facility for Maritime and Hydrodynamic Research Near Chennai

• Indian Institute of Technology Madras (IIT-M), Chennai, Tamil Nadu, launched the Circulating Water Tunnel Facility at Thaiyur near Chennai,TN strengthening India's maritime research infrastructure.
• The advanced hydrodynamic testing facility is designed to enhance indigenous ship design, ocean engineering research, and hydrodynamic testing capabilities in India.
• The facility was established with ₹4.5 crore in Corporate Social Responsibility (CSR) funding from Mazagon Dock Shipbuilders Limited (MDL).
• MDL is a Navratna Defence Public Sector Undertaking (PSU) under the Government of India.
• The Circulating Water Tunnel Facility will strengthen India's capabilities in ocean engineering, ship design, naval architecture, hydrodynamics, and offshore engineering research.
• The facility will support research, testing, and development related to ships, marine vehicles, naval technologies, offshore structures, fluid dynamics, hydrodynamics, and ocean engineering systems.
• The project is expected to contribute significantly to self-reliance in maritime technologies and the development of advanced naval and marine systems.
• IIT Madras and MDL are also exploring future collaborations in advanced maritime technologies and naval engineering research.

CURRENT AFFAIRS : APPS & PORTALS

Union Minister Manohar Lal Khattar Unveils ‘Swachha’ App to Promote Urban Cleanliness in West Bengal

• Union Minister Manohar Lal Khattar launched the ‘Swachha App’, a geo-tagged mobile application for cleanliness and sanitation monitoring in municipal areas, in Kolkata, West Bengal.
• The app was launched in the presence of Suvendu Adhikari, Chief Minister of West Bengal, marking a significant step towards technology-enabled urban governance.
• The launch was undertaken by the Ministry of Housing and Urban Affairs (MoHUA) to strengthen the objectives of the Swachh Bharat Mission (SBM).

Key Highlights :

• The primary objective of the Swachha App is to promote citizen participation in urban cleanliness and sanitation management through a digital platform.
• The app enables citizens to upload geo-tagged photographs of civic issues such as stagnant water, garbage accumulation, drainage problems, uncleared dustbins, and sanitation-related concerns directly to municipal authorities.
• The complaints submitted through the app are automatically forwarded to the concerned municipality for prompt action and resolution.
• Municipal officials are required to upload before-and-after photographs of the cleaned or repaired site, ensuring transparency and accountability in service delivery.
• The app also includes a citizen feedback mechanism, allowing residents to evaluate the response and effectiveness of municipal authorities.
• In its pilot phase, the app has been launched across 10 municipalities of West Bengal.
• The municipalities covered in the initial phase include Asansol, Durgapur, Baidyabati, Basirhat, Contai, Nalhati, Krishnanagar, Madhyamgram, Tufanganj, and Pujali.
• The West Bengal Government plans to expand the application to approximately 120 Urban Local Bodies (ULBs) across the state in the coming phases.
• The app provides more than 18 complaint categories, covering issues ranging from dead animals and uncleared waste bins to unclean public toilets and drainage problems.
• During the launch, Manohar Lal Khattar emphasized that sanitation and waste management are among the most important pillars of urban development.
• The Minister recalled that Prime Minister Narendra Modi launched the Swachh Bharat Mission from the Red Fort in 2014, aiming to make India Open Defecation Free (ODF) and ensure a cleaner environment.

About Ministry of Housing & Urban Affairs :

• Cabinet Minister : Manohar Lal Khattar
• Minister of State : Tokhan Sahu

 CURRENT AFFAIRS: MOUS AND AGREEMENT

RITES Limited and Credit Rating Information Services of India Limited Sign Memorandum of Understanding for Data-Driven Infrastructure Solutions

• RITES Limited has signed a Memorandum of Understanding with Credit Rating Information Services of India Limited (CRISIL) to jointly offer integrated, data-driven infrastructure solutions in India and overseas.
• The partnership combines RITES Limited’s expertise in transport infrastructure and engineering consultancy with Credit Rating Information Services of India Limited’s capabilities in data intelligence, analytics, research and advisory services.
• The collaboration will explore consultancy opportunities across multiple sectors including railways, metro rail, highways, expressways, airports, ports, ropeways, bridges, tunnels, urban transport, energy, water resources, hydropower, wastewater management and industrial infrastructure.
• The partnership aims to strengthen analytical and advisory support for infrastructure projects through market intelligence, data validation, financial due diligence, valuation support and development of analytical models,
• The initiative is designed to improve decision-making, planning efficiency and execution of infrastructure projects,

About RITES Limited

• Headquarters: Gurugram, Haryana,
• Chairman and Managing Director: Rahul Mithal,

About Credit Rating Information Services of India Limited

• Headquarters: Mumbai, Maharashtra
• Chairman: Yann Le Pallec,
• Managing Director and Chief Executive Officer: Amish Mehta
• Established: 1987

Odisha, Intel Corporation and 3DGS Inc. Sign MoU for Advanced Semiconductor Packaging Facility in Bhubaneswar-Khurda

• Government of Odisha, Intel Corporation and 3DGS Inc. (USA) signed a Memorandum of Understanding to set up an Advanced Packaging Glass Core Substrate Manufacturing Facility in Bhubaneswar–Khordha region of Odisha.
• The MoU was witnessed by Union Minister for Electronics and Information Technology Ashwini Vaishnaw, Odisha Chief Minister Mohan Charan Majhi and Intel Chief Executive Officer Lip-Bu Tan.
• The project involves an estimated investment of around $3.3 billion, making it one of the largest high-technology manufacturing investments in India,
• The facility will focus on advanced packaging glass core substrates, high-density interconnect substrates and semiconductor technologies,
• Intel Corporation will provide technology know-how and process expertise,
• The project will be implemented in phases over 5–6 years,
• The initiative builds on the India Semiconductor Mission and the existing approved project of 3D Glass Solutions Inc. in Info Valley, Khordha district,
• Odisha has become the only state in India hosting both a commercial compound semiconductor fabrication unit and an advanced 3D glass substrate packaging facility,
• The project aims to strengthen India’s semiconductor manufacturing ecosystem and boost high-end chip packaging capabilities,

About Odisha

• Capital: Bhubaneswar,
• Chief Minister: Mohan Charan Majhi,
• Governor: Dr. Hari Babu Kambhampati,

About Intel Corporation

• Headquarters: California, United States of America,
• CEO: Lip-Bu Tan,
• Founded: 1968, 

About 3D Glass Solutions Inc.,

• Headquarters: Albuquerque, United States of America,
• CEO: Mark Popovich,
• Founded: 2005

Tata Consultancy Services Enters Strategic Partnership with Mistral AI for Enterprise Artificial Intelligence Solutions

• Tata Consultancy Services has entered a strategic partnership with French artificial intelligence company Mistral AI.
• With this collaboration, Tata Consultancy Services has become the first global systems integrator partner for Mistral Forge, an enterprise artificial intelligence platform.
• Mistral Forge enables the development of frontier-grade artificial intelligence models using proprietary enterprise knowledge and domain-specific data.
• Under the partnership, Tata Consultancy Services will use Mistral Forge to build custom artificial intelligence models for enterprises.
• These models will help organisations integrate enterprise data and context to improve business decision-making.
• The initial focus sectors include:
• Banking, Financial Services and Insurance
• Manufacturing
• Healthcare
• Public sector
• Tata Consultancy Services will also establish a Centre of Excellence for Mistral AI.
• The Centre of Excellence will focus on developing industry-specific solutions, supporting project delivery, and accelerating customer adoption through early access to beta models.
• The Centre will also serve as a hub for advanced artificial intelligence talent, training, and capability development.
• The partnership aims to accelerate trusted artificial intelligence adoption across key industries globally.

About Tata Consultancy Services

• Headquarters: Mumbai, Maharashtra
• Chief Executive Officer: K. Krithivasan
• Founded: 1968
• Parent Company: Tata Group

About Mistral AI

• Headquarters: Paris, France
• Chief Executive Officer: Arthur Mensch
• Founded: 2023

CURRENT AFFAIRS: SPORTS NEWS

India Wins Record 27 Medals at Under-23 Asian Wrestling Championships 2026 in Da Nang

• India’s Under-23 wrestlers won a record 27 medals (11 gold, 7 silver and 9 bronze) at the Under-23 Asian Wrestling Championships 2026 held in Da Nang, Vietnam.
• The medals were won across Freestyle, Women’s Wrestling and Greco-Roman categories.
• Both the Men’s Freestyle team and the Women’s Wrestling team won the overall team titles,
• Kyrgyzstan finished second and Kazakhstan finished third in the overall standings,
• In Men’s Freestyle, gold medals were won by Akshay T Dhere (57 kilogram), Mohit Kumar (65 kilogram), Chandermohan (79 kilogram) and Vicky Hooda (97 kilogram),
• In Women’s Wrestling, gold medals were won by Muskan (53 kilogram), Bhagyashree (62 kilogram), Tapasya (57 kilogram), Pulkit (67 kilogram), Mansi (68 kilogram) and Kajal (76 kilogram),
• In the Greco-Roman category, Sumit won the gold medal in the 63 kilogram division,
• The performance marked one of India’s strongest-ever showings at the Under-23 Asian Wrestling Championships,

Esha Singh Wins Gold in Women’s 25 Metre Pistol Event at International Shooting Sport Federation World Cup 2026 in Munich

• Indian shooter Esha Singh won the gold medal in the Women’s 25 metre pistol event at the International Shooting Sport Federation World Cup 2026 held in Munich, Germany,
• She created a new world record by scoring 43 points out of 50 in the final, surpassing the previous record of 42 points held by South Korea’s Kim Yeji,
• This was India’s first individual shooting medal of the International Shooting Sport Federation World Cup 2026 season across rifle, pistol and shotgun events,
• The gold medal secured her a direct qualification for the International Shooting Sport Federation World Cup Final 2026, scheduled in Rome, Italy in December 2026,
• Doreen Vennekamp of Germany won the silver medal with 38 points, while Miroslava Mincheva of Bulgaria won the bronze medal with 31 points,
• Overall, this was India’s third medal across rifle, pistol and shotgun events in the ongoing World Cup season,
• Earlier, at the rifle/pistol World Cup in Granada, Spain, Indian shooters Mukesh Nelavalli and Palak Gulia won gold in the 10 metre air pistol mixed team event,
• In the shotgun World Cup held in Almaty, Kazakhstan, Indian shooters Vivaan Kapoor and Neeru Dhanda secured bronze in the mixed team trap event,

International Cricket Council Suspends Cricket Canada Membership Over Governance Breaches

• The International Cricket Council has suspended the membership of Cricket Canada with immediate effect due to serious breaches of governance and membership obligations.
• The decision was taken during the International Cricket Council Board meeting held in Ahmedabad.
• The International Cricket Council stated that the suspension follows concerns regarding governance standards, administrative functioning, and compliance with membership requirements.
• The action comes after increased scrutiny of Cricket Canada’s administration, including allegations highlighted in a report by the Canadian Broadcasting Corporation in April 2026.
• The allegations included governance irregularities, administrative misconduct, concerns over match manipulation, and threats involving certain officials and players.
• The suspension will remain in effect until Cricket Canada fulfills the conditions prescribed by the International Cricket Council for reinstatement.
• Despite the suspension, Canada's men's and women's national cricket teams will remain eligible to participate in International Cricket Council tournaments and international competitions.
• The International Cricket Council clarified that players will not be affected by governance-related issues within the national governing body.
• Financial assistance to Cricket Canada will continue during the suspension period under a mechanism supervised by the International Cricket Council.
• The funds will be used only for approved national team programmes and cricket development activities.
• The International Cricket Council has directed Cricket Canada to undertake governance reforms, improve financial transparency, ensure institutional stability, and comply with monitoring requirements.
• Progress on these reforms will be overseen by the International Cricket Council Normalisation Committee and International Cricket Council management before membership can be restored.

About International Cricket Council

• Founded: 1909
• Headquarters: Dubai, United Arab Emirates
• Chairman: Jay Shah
• Chief Executive Officer: Sanjog Gupta

CURRENT AFFAIRS : OBITUARIES

Padma Bhushan Recipient and Veteran Singer Suman Kalyanpur passed away at 89

• Veteran Indian playback singer Suman Kalyanpur passed away at the age of 89 in Mumbai, Maharashtra, marking the end of an illustrious era in Indian music.
• She was born as Suman Hemmady on 28 January 1937 in Dhaka, Bengal Presidency, British India (present-day Dhaka, Bangladesh).

About Suman Kalyanpur :

• Suman Kalyanpur was one of India’s most celebrated playback singers, renowned for her melodious voice and immense contribution to Hindi, Marathi, and several regional film industries.
• She began her playback singing career in 1954 with the films Shukrachi Chandini and Mangu, laying the foundation for a distinguished musical journey.
• She rose to prominence during the 1950s and 1960s, earning widespread recognition for her soulful songs and memorable duets with legendary playback singer Mohammed Rafi.
• Over a career spanning more than six decades, she recorded thousands of songs and collaborated with some of the most renowned music composers and singers of Indian cinema.
• Her contribution left a lasting impact on Indian music, making her one of the most respected voices in the history of Indian playback singing.
• Some of her most notable songs include “Aajkal Tere Mere Pyar Ke Charche”, “Na Na Karte Pyar Tumhin Se”, and “Tumne Pukara Aur Hum Chale Aaye”, which remain popular among music lovers.
• Apart from film music, she was also highly regarded for her performances in devotional songs, ghazals, and thumris, showcasing her versatility across multiple musical genres.

Awards & Honors :

• In January 2023, she was honoured with the Padma Bhushan, India’s third-highest civilian award, by the Government of India (GoI) in the field of Arts for her outstanding contribution to Indian music.

CURRENT AFFAIRS: IMPORTANT DAYS

International Day of Innocent Children Victims of Aggression 2026 Observed on June4

• The International Day of Innocent Children Victims of Aggression 2026 was observed globally on 4 June 2026 as an awareness day
• The day is observed every year on 4 June to acknowledge the suffering faced by children worldwide
• The observance highlights children who are victims of physical, mental and emotional abuse
• The International Day of Innocent Children Victims of Aggression was established by the United Nations General Assembly on 19 August 1982
• The day serves to recognise and address the impact of aggression on children across the world
• In 1997, the United Nations Office on Drugs and Crime was established as an agency to support global efforts against crime, drugs and violence
• In 2018, a major refugee crisis was recorded, with the number of displaced people, including children, exceeding 70 million, according to the United Nations Refugee Agency
• In 2019, the United Nations reported 357 killings and 30 enforced disappearances of human rights defenders, journalists and trade unionists across 47 countries
• These incidents highlight ongoing global concerns related to human rights violations, displacement and violence against vulnerable groups

Daily CA One- Liner: June 4^th

• The Insurance Regulatory and Development Authority of India (IRDAI) imposed a penalty of ₹1 crore on Nissan Renault Financial Services India Private. Limited. for violations related to insurance distribution norms and Motor Insurance Service Provider (MISP) guidelines.
• The Reserve Bank of India (RBI) released its Annual Report 2025–26 and submitted it to the Central Government under Section 53(2) of the RBI Act, 1934.
• The Accounts of the Government of India for the Financial Year 2025–26 (Provisional/Unaudited) have been consolidated and published, presenting key fiscal highlights.
• The AUKUS security alliance comprising Australia, the United Kingdom (UK), and the United States of America (USA) launched a joint underwater drone programme under AUKUS Pillar Two.
• Chief Justice of India (CJI) Surya Kant administered the oath of office to five new judges of the Supreme Court of India on 02 June 2026.
• Vice Admiral Vineet McCarty assumed charge as the 20th Commander-in-Chief of the Andaman & Nicobar Command (ANC) at Sri Vijaya Puram on 01 June 2026.
• The Indian Army successfully completed operational trials of the Divyastra Mk-1, an indigenous AI-powered tactical loitering munition system, in Jodhpur, Rajasthan.
• Defence Research and Development Organisation (DRDO) and the Indian Air Force (IAF) successfully conducted flight-tests of the indigenously developed RudraM-II Air-to-Surface Missile from an airborne platform.
• Indian Air Force (IAF) signed three contracts with Indian Institute of Technology Bombay (IIT Bombay) for the indigenous development of Artificial Intelligence (AI)-driven predictive maintenance technologies.
• The Defence Research and Development Organisation (DRDO) under the Ministry of Defence successfully conducted a high-calibre conventional bomb trial at the Terminal Ballistics Research Laboratory (TBRL) located at Ramgarh Range, Panchkula, Haryana.
• Indian Institute of Technology Madras (IIT-M), Chennai, Tamil Nadu, launched the Circulating Water Tunnel Facility at Thaiyur near Chennai,TN strengthening India's maritime research infrastructure.
• Union Minister Manohar Lal Khattar launched the ‘Swachha App’, a geo-tagged mobile application for cleanliness and sanitation monitoring in municipal areas, in Kolkata, West Bengal.
• Veteran Indian playback singer Suman Kalyanpur passed away at the age of 89 in Mumbai, Maharashtra, marking the end of an illustrious era in Indian music.

• The Government of West Bengal has begun the enrolment process for the Annapurna Yojana
• Union Minister of State (Independent Charge) for Science and Technology Dr Jitendra Singh participated in the 150-year celebrations of the Indian Association for the Cultivation of Science (IACS) in Kolkata
• The Department of Administrative Reforms and Public Grievances has launched the Portal for National e-Governance Service Delivery Assessment, 2025
• NITI Aayog has released a roadmap report titled “Future of India’s Semiconductor Industry”, outlining a vision for the sector up to 2035
• ArcelorMittal Nippon Steel India has become the first company to receive approval for a Strategic Investment Plan under the Pradhan Mantri Skilling and Employability Transformation through Upgraded Industrial Training Institutes (PM-SETU) Scheme
• Union Minister of Ports, Shipping and Waterways Sarbananda Sonowal launched the Logistics Port Performance Index (LPPI) for FY25 during the 37th Foundation Day celebrations of the Jawaharlal Nehru Port Authority (JNPA) in Mumbai
• For the first time, the Indian Haj Mission, under the Ministry of Minority Affairs (Minority Affairs Minister Kiren Rijiju), won two Labbaytum Awards in the Best Haj Coordination and Communication
• RITES Limited has signed a Memorandum of Understanding with Credit Rating Information Services of India Limited (CRISIL) to jointly offer integrated, data-driven infrastructure solutions in India and overseas
• Government of Odisha, Intel Corporation and 3DGS Inc. (USA) signed a Memorandum of Understanding to set up an Advanced Packaging Glass Core Substrate Manufacturing Facility in Bhubaneswar–Khordha region of Odisha
• Tata Consultancy Services has entered a strategic partnership with French artificial intelligence company Mistral AI
• India’s Under-23 wrestlers won a record 27 medals (11 gold, 7 silver and 9 bronze) at the Under-23 Asian Wrestling Championships 2026 held in Da Nang, Vietnam
• Indian shooter Esha Singh won the gold medal in the Women’s 25 metre pistol event at the International Shooting Sport Federation World Cup 2026 held in Munich, Germany.
• The International Cricket Council has suspended the membership of Cricket Canada with immediate effect due to serious breaches of governance and membership obligations

• The International Day of Innocent Children Victims of Aggression 2026 was observed globally on 4 June 2026 as an awareness day