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CURRENT AFFAIRS : BANKING, FINANCE & BUSINESS

Unified Payments Interface Extends Its Global Reach to Cambodia via KHQR Payment Integration

• India and Cambodia launched the first phase of a cross-border QR payment linkage, enabling Indian users to make digital payments in Cambodia using Unified Payments Interface (UPI).
• Under the arrangement, Indian travellers can use UPI-enabled applications to scan KHQR (Khmer QR), Cambodia’s national interoperable QR code system, for seamless payments.
• The facility is available at more than 4.5 million merchant outlets across Cambodia, including tourist attractions, restaurants, retail stores, and other commercial establishments.
• The initiative is being implemented by NPCI International Payments Limited (NIPL) in partnership with ACLEDA Bank Plc.

Key Highlights :

• NIPL is a wholly owned subsidiary of the National Payments Corporation of India (NPCI) and is responsible for the international expansion of UPI and RuPay.
• In the second phase, Cambodian visitors will be able to make payments at UPI-enabled merchant locations across India using their Cambodian banking and payment applications.
• The initiative strengthens cross-border digital payment connectivity, promotes tourism, and enhances financial integration between India and Cambodia.
• UPI (Unified Payments Interface) is already operational in eight countries: Bhutan, Nepal, Singapore, Sri Lanka, Mauritius, France, Qatar, and the United Arab Emirates (UAE).
• NPCI is also exploring bilateral UPI linkages with Indonesia, Malaysia, and Thailand.
• Future plans include operationalising UPI in Japan, Maldives, and Greece.
• International UPI transaction volume crossed the one million mark for the first time in FY26.
• International UPI transactions increased from 0.75 million in FY25 to 1.48 million in FY26 (up to December 2025), reflecting rapid adoption across global markets.
• In value terms, international UPI transactions rose to ₹330.43 crore in FY26 from ₹258.53 crore in FY25.
• For comparison, FY24 recorded only 37,060 international UPI transactions with a value of ₹19.7 crore, highlighting the exponential growth of India's digital payment system.
• Managing director and chief executive officer (CEO), NPCI International (NIPL) : Ritesh Shukla

About Cambodia :

• Prime Minister : Hun Manet
• Capital : Phnom Penh

Karur Vysya Bank Introduces Four Premium Credit Cards on the Visa Network

• Karur Vysya Bank Limited (KVB) launched a new premium credit card portfolio on the Visa platform to strengthen its offerings for affluent and lifestyle-focused customers.
• The newly launched portfolio consists of four credit card variants: Aura (Visa Platinum), Samara (Visa Signature), Altura (Visa Infinite), and Eternis (Visa Infinite).
• The initiative is part of KVB’s strategy to expand its presence in the premium banking and lifestyle segment and cater to the evolving needs of high-value customers.
• The credit cards are targeted at emerging affluent and affluent customers, including salaried professionals, self-employed individuals, and business owners.
• The cards provide benefits across multiple categories such as travel, dining, entertainment, online shopping, lifestyle services, airport lounge access, hotel partnerships, rewards programmes, OTT subscriptions, and foreign transactions.
• Eternis (Visa Infinite) is the most premium variant and offers a welcome bonus of 10,000 reward points, enhanced rewards on select spending categories, hotel stay benefits, and zero forex markup on international transactions.
• Altura (Visa Infinite) offers a welcome bonus of 7,500 reward points, accelerated rewards on travel and lifestyle spending, elite hotel membership, and zero forex markup benefits.
• Samara (Visa Signature) is designed for customers focused on dining and lifestyle spending, providing enhanced rewards on dining expenses, online shopping, and complimentary OTT subscriptions.
• Aura (Visa Platinum) is specifically tailored for online shoppers, offering higher reward points on online transactions along with complimentary Amazon Prime subscription and Zomato Gold membership
• Several card variants also provide airport lounge access, exclusive hotel partnerships, dining memberships, and entertainment-related privileges, enhancing the overall customer experience.

About Karur Vysya Bank:

• Founded: 1916
• Headquarters: Karur, Tamil Nadu, India
• Managing Director & CEO: B. Ramesh Babu
• Tagline: "Smart Way to Bank"

United States Becomes India’s Second-Largest Foreign Direct Investment Source, Surpassing Mauritius with Over $11 Billion in Inflows

• The United States (US) overtook Mauritius to become the second-largest source of Foreign Direct Investment (FDI) into India in FY 2025-26.

Key Highlights :

• Singapore remained the largest source of FDI into India, accounting for nearly one-third of India's total equity inflows.
• Equity inflows from the United States more than doubled to over USD 11 billion in FY 2025-26.
• Following amendments to the India–Mauritius Tax Treaty, Singapore emerged as the most preferred investment route for investments into India.
• Mauritius lost its position as the second-largest FDI source after changes in the tax treaty framework.
• Japan recorded strong growth in FDI inflows, mainly driven by investments in the Financial Services Sector.
• Computer Hardware and Software emerged as the largest recipient sector of FDI, surpassing the Services Sector.
• Increased investments in Data Centres and Digital Infrastructure were the major reasons for the rise in FDI inflows into the Computer Hardware and Software Sector.
• The shift in investment patterns highlights growing global confidence in India's technology and digital economy sectors.
• Despite the preference for direct investments, tax-efficient jurisdictions continue to influence global investment flows into India.
• FDI inflows from the Cayman Islands increased sharply from USD 371 million in FY 2024-25 to USD 2.1 billion in FY 2025-26.
• The surge in investments from the Cayman Islands is believed to have been driven by a small number of large transactions.
• The Food Processing Sector witnessed strong growth, with FDI equity inflows rising more than fivefold.
• Sea Transport and Shipping-related Activities recorded an extraordinary increase in FDI inflows of nearly 30 times.
• FDI inflows into Sea Transport and Shipping reached nearly USD 2 billion, making it one of the fastest-growing sectors for foreign investments.

 CURRENT AFFAIRS: NATIONAL AND STATE NEWS

Pradhan Mantri Street Vendor’s AtmaNirbhar Nidhi Scheme Completes Six Years of Implementation

• The Pradhan Mantri Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi) Scheme completed six years of operation in June 2026.
• The scheme was launched on 1 June 2020 by the Ministry of Housing and Urban Affairs as a first-of-its-kind micro-credit initiative for street vendors affected by the COVID-19 pandemic,
• Since its launch, more than 1.12 crore loans worth over ₹17,800 crore have been disbursed to more than 75.5 lakh beneficiaries across cities and towns.
• The scheme provides collateral-free working capital loans in three progressive tranches of ₹15,000, ₹25,000 and ₹50,000.
• Beneficiaries receive interest subsidy and credit guarantee support, while timely repayment makes them eligible for higher loan tranches,
• Street vendors successfully repaying the second loan tranche are eligible for Unified Payments Interface-linked RuPay Credit Cards with limits up to ₹30,000,
• More than 55 lakh beneficiaries have been digitally onboarded under the scheme,
• The SVANidhi se Samriddhi sub-component undertakes socio-economic profiling of beneficiaries and their families,
• Through this initiative, beneficiaries are linked with eight selected Central Government welfare schemes,
• The scheme has been extended till 31 March 2030,
• Its implementation is jointly overseen by the Ministry of Housing and Urban Affairs and the Department of Financial Services,

India to Host 13th BRICS Urbanisation Forum 2026 in New Delhi

• India will host the 13th BRICS Urbanisation Forum on 11–12 June 2026 in New Delhi.
• The announcement was made by Union Minister for Housing and Urban Affairs Manohar Lal,
• The theme of the Forum is “Cities for People: BRICS Cooperation for Inclusive and Resilient Urban Futures”,
• The Forum is a key ministerial event under India’s BRICS Chairship 2026, guided by Prime Minister Narendra Modi’s vision of “Humanity First”,
• India’s BRICS Chairship theme is “Building for Resilience, Innovation, Cooperation and Sustainability”,
• With the 2026 edition, India will host the BRICS Urbanisation Forum for the fourth time,
• The Forum focuses on Inclusive Urban Development, Climate and Disaster-Resilient Infrastructure, Stronger Municipal Institutions, and Digital Innovation for Better Urban Governance,
• It serves as a dedicated platform for BRICS countries to exchange urban policy experiences, identify common priorities and strengthen cooperation in urban development,

RECENT NEWS

• In the first edition of BRICS Tourism Working Group (TWG) Meeting India has formally launched the tourism cooperation under BRICS 2026 Chairship, this meeting was conducted as virtual mode. This initiative will  bring together the tourism agenda among the BRICS nations, focusing on innovation, resilience, sustainability and people to people connectivity. 

India’s Seafood Exports Reach Record High in Financial Year 2025-26

• India’s seafood exports reached an all-time high in Financial Year 2025-26, recording 19,72,018 Metric Tonnes valued at ₹73,890.46 crore (8.46 billion United States dollars).
• The exports registered a year-on-year growth of 16.13% in volume, 18.4% in rupee value and 13.44% in dollar value,
• The achievement was announced by Marine Products Export Development Authority Chairman P. Jawahar,
• The unit value per kilogram declined by 2.31% in dollar terms,
• Frozen shrimp remained the leading export item, contributing 7,92,647 Metric Tonnes valued at ₹49,037.93 crore (5,624.48 million United States dollars),
• Frozen shrimp accounted for 40.19% of total export volume and 66.52% of total export earnings in dollar terms,
• Frozen fish was the second-largest export item, with exports worth ₹5,658.37 crore (643.70 million United States dollars) and volume increasing 4.68% to 3,55,581 Metric Tonnes,
• Dried seafood emerged as the fastest-growing segment, with exports increasing 62.25% in volume to 4,10,410 Metric Tonnes and 69.46% in dollar value to 577.44 million United States dollars,
• Dried seafood now accounts for more than one-fifth of India’s total seafood export volume and is the second-largest product group by quantity,
• The United States remained the largest export destination by value, importing seafood worth ₹20,263.27 crore (2,328.74 million United States dollars) and 2,79,193 Metric Tonnes,
• However, exports to the United States declined by 10.82% in rupee value, 14.22% in dollar value and 19.51% in volume,
• Frozen shrimp contributed 93.55% of India’s seafood export earnings from the United States market,
• China emerged as the largest destination by export volume,

About Marine Products Export Development Authority

• Headquarters: Kochi, Kerala,
• Chairman: P. Jawahar,
• Parent Ministry: Ministry of Commerce and Industry
• Established: 1972.

CURRENT AFFAIRS: AWARDS AND HONOURS

Deendayal Port Authority Receives Sagar Aankalan Award for Container Cargo Performance

• Deendayal Port Authority (DPA), Kandla received the Sagar Aankalan Award as the best-performing port under the category “Handling of Container Cargo – Less than 0.5 million Twenty-foot Equivalent Units” for Financial Year 2024-25,
• The award was received by Deputy Chairman Nilabhra Dasgupta in Mumbai,
• Paradip Port Authority emerged as the top performer in the Dry Bulk Cargo category among ports handling more than 5 million tonnes of cargo,
• Paradip Port Authority also secured the third position in India for Container Cargo Performance,
• Sikka Port and Terminals ranked first in the Liquid Bulk Cargo category,
• Visakhapatnam Port Authority secured the second position in handling liquid bulk cargo among ports handling 5 million tonnes and above,
• Mundra Port emerged as the highest-ranked port in the Container Cargo category among ports handling more than 0.5 million Twenty-foot Equivalent Units,
• Jawaharlal Nehru Port Authority secured the second position among major container ports in the same category,
• The awards recognise excellence in operational efficiency and cargo-handling performance at Indian ports,

CURRENT AFFAIRS : APPOINTMENTS & RESIGNATIONS

Brajesh Kumar Singh Assumes Office as Canara Bank Managing Director & Chief Executive Officer with Tenure Until 2029

• Brajesh Kumar Singh has assumed charge as the Managing Director (MD) and Chief Executive Officer (CEO) of Canara Bank following his appointment by the Central Government of India.
• Prior to this appointment, he served as Executive Director of Indian Bank from March 2024.
• His tenure as MD & CEO of Canara Bank will continue until 30 April 2029, the date of his superannuation, or until further orders, whichever is earlier.
• The position of MD & CEO of Canara Bank had remained vacant since the retirement of Satyanarayana Raju in December 2025.
• Brajesh Kumar Singh is an Agriculture Graduate from Allahabad Agricultural Institute.
• He also holds an MBA in Finance, providing him with a strong academic foundation in banking and financial management.
• Under his leadership, Canara Bank is expected to focus on digital transformation, financial inclusion, asset quality improvement, customer experience enhancement, and sustainable value creation.

About Canara Bank:

• Founded: 1906
• Headquarters: Bengaluru, Karnataka, India
• Tagline: "Together We Can"

Maj Gen Rachel Thomas Takes Charge as Additional Director General of Military Nursing Service

• Maj Gen Rachel Thomas assumed charge as the Additional Director General, Military Nursing Service (MNS) on June 01, 2026.
• She succeeds Maj Gen Lissamma PV, who superannuated on May 31, 2026 after four decades of distinguished service to the nation.
• Maj Gen Rachel Thomas was commissioned into the Military Nursing Service (MNS) on June 01, 1988, marking the beginning of her long and distinguished military nursing career.
• She is an alumna of the College of Nursing, Armed Forces Medical College (AFMC), Pune, one of India’s premier defence medical training institutions.
• She has served in a distinguished career spanning nearly four decades in the Armed Forces Medical Services (AFMS).
• She has also served in border hospitals under the Northern Command and Eastern Command, contributing to healthcare delivery in challenging operational areas.

CURRENT AFFAIRS : DEFENCE NEWS

Border Roads Organisation Marks the 37th Raising Day of Project UDAYAK in Doomdooma, Assam

• Border Roads Organisation (BRO) celebrated the 37th Raising Day of Project UDAYAK on 01 June 2026 at Doomdooma, Assam, marking more than three decades of service in developing strategic infrastructure in North-East India.
• Project UDAYAK is entrusted with the development and maintenance of over 1,457 km of road network in the easternmost parts of Arunachal Pradesh and parts of Assam.
• The project's area of responsibility includes the districts of Anjaw, Lohit, Dibang Valley, Longding, Tirap, and Changlang, making it one of the most strategically important BRO projects in the North-East.
• Project UDAYAK plays a crucial role in enhancing connectivity along the Line of Actual Control (LAC) and the Indo–Myanmar Border, thereby strengthening national security and border infrastructure.
• The project is currently engaged in the construction of strategic roads and border fencing infrastructure along the India–Myanmar border, improving accessibility in remote border regions.
• In 2025, Project UDAYAK completed 12 bridges, one road, and one helipad, all of which were inaugurated by Defence Minister Rajnath Singh.
• These infrastructure projects have significantly improved connectivity, mobility, military logistics, and socio-economic development in the region.
• The 37th Raising Day celebrations included Swachhata Abhiyan, road safety awareness campaigns, run and walkathons, medical camps, dental camps, Sainik Sammelan, and troop interactions, reflecting the project's commitment to both community welfare and personnel welfare.
• The organization reaffirmed its commitment to nation-building, strategic infrastructure development, operational excellence, and connectivity enhancement in some of India's most challenging operational environments.

India and Vietnam Finalise USD 629 Million BrahMos Missile Deal to Boost Defence Ties

• The Government of India (GoI) signed a BrahMos missile export agreement with Vietnam worth approximately Rs 60 billion (USD 629 million), marking a significant milestone in India's defence exports.
• The agreement further strengthens India–Vietnam bilateral defence and strategic cooperation, particularly in the field of maritime and regional security.
• The announcement was made by Rajesh Kumar Singh, Secretary, Ministry of Defence (MoD), during the Shangri-La Dialogue held in Singapore.
• The Shangri-La Dialogue is an annual security summit organized by the International Institute for Strategic Studies (IISS).
• The BrahMos export contract includes the supply of BrahMos missile systems, along with training, maintenance assistance, and logistical support.
• Vietnam has become the second overseas buyer of the BrahMos supersonic cruise missile system, enhancing India's position as a global defence exporter.
• The Philippines was the first foreign customer of the BrahMos missile after signing a USD 375 million deal with India in 2022.
• The agreement reflects India's growing role in exporting indigenously developed defence systems and expanding defence partnerships in the Indo-Pacific region.
• The BrahMos missile is a jointly developed supersonic cruise missile by India and Russia, known for its high speed, precision strike capability, and versatility across land, sea, and air platforms.
• India is also expanding BrahMos exports to other countries, with Indonesia emerging as the next potential buyer.
• Negotiations between India and Indonesia for the acquisition of the BrahMos missile system are in the final stages.
• In March 2026, Indonesia finalized plans to procure one battery of the BrahMos missile system for its coastal defence requirements.

Recent News :

• Raksha Mantri Shri Rajnath Singh undertook an official visit to Vietnam (May 18–19, 2026) followed by the Republic of Korea (May 19–21, 2026) to strengthen India’s defence and strategic partnerships in Asia.

About Vietnam :

• Prime Minister : Lê Minh Hưng
• Capital : Hanoi
• Currency : Vietnamese đồng

CURRENT AFFAIRS : SCIENCE & TECHNOLOGY

Hindustan Unilever Limited Launches Its Third Global Fragrance R&D Hub in Mumbai, Maharashtra

• India’s largest Fast-Moving Consumer Goods (FMCG) company, Hindustan Unilever Limited (HUL) inaugurated the Unilever Fragrance Hub (UFH) at the Indian Institute of Technology Bombay (IIT-B) campus in Mumbai, Maharashtra.
• The newly inaugurated UFH is the third global Unilever Fragrance Hub, following similar facilities in the United Kingdom (UK) and the United States of America (USA).
• The facility has been established under HUL’s EUR 100 million investment programme, aimed at strengthening in-house, digitally enabled fragrance creation capabilities.
• The Unilever Fragrance Hub has been developed with an estimated investment of Rs 95 crore.
• The centre integrates consumer insights, advanced scientific research, and Artificial Intelligence (AI) to drive innovation in fragrance development across multiple product categories.
• The facility will support the creation of next-generation fragrances by combining data-driven insights, sensory science, and AI-powered innovation tools.
• A key objective of the new hub is to achieve a 20% reduction in product development cycles, enabling faster innovation and product launches.
• The hub is expected to significantly enhance research and development (R&D) capabilities in India, particularly in the sensory and fragrance innovation segment.
• The facility is projected to expand India's R&D footprint by nearly 25% in the sensory segment, strengthening the country's role in global innovation networks.
• The hub will support more than 30 local and premium brands across HUL's diverse product portfolio.

About Hindustan Unilever Limited :

• Founded : 1933
• Headquarters : Mumbai, Maharashtra, India
• MD & CEO : Priya Nair
• Parent : Unilever (61.90%)

Indian Institute of Technology Kanpur Hosts India’s First Doppler Orbitography and Radiopositioning Integrated by Satellite Ground Beacon

• Indian Institute of Technology Kanpur (IIT Kanpur) has become the host of India’s first DORIS (Doppler Orbitography and Radiopositioning Integrated by Satellite) ground beacon, joining a global network of high-precision geodetic stations.

Key Highlights :

• DORIS is a French satellite tracking and positioning system used to determine satellite position and velocity with centimetre-level accuracy.
• The DORIS ground beacon at IIT Kanpur is part of the worldwide network of DORIS ground stations that support precise satellite orbit determination.
• DORIS works on the principle of the Doppler Effect, where changes in signal frequency caused by the movement of a satellite are used to calculate its exact position and speed.
• Satellites equipped with DORIS receivers use signals transmitted from ground beacons to determine their location with extremely high precision.
• The system measures Doppler frequency shifts from multiple beacons around the world to calculate satellite position and velocity accurately.
• IIT Kanpur was selected by the International DORIS Service (IDS) in 2022 due to its strategic location on the Indian tectonic plate and its expertise in space geodesy.
• The institute's capabilities in space geodesy are supported by the National Centre for Geodesy (NCG) located at IIT Kanpur.
• Space geodesy is the science of precisely measuring the Earth’s shape, rotation, position, and gravitational behaviour.
• The installation of the beacon strengthens India’s role in global space geodesy and international Earth observation programmes.
• The project further enhances Indo-French cooperation in the space sector.
• DORIS provides the precise orbit information required for ocean altimetry, which measures changes in sea surface height.
• The system plays a crucial role in climate studies, sea-level rise monitoring, and Earth gravity field mapping.
• DORIS helps scientists monitor glacier movement, tectonic plate shifts, and other long-term geophysical changes with high accuracy.
• The system eliminates uncertainties in satellite measurements by ensuring centimetre-level orbit determination.
• DORIS has been used in several major international satellite missions, including Jason, Sentinel, CryoSat, and the Indo-French SARAL/AltiKa mission.
• The SARAL/AltiKa mission is a notable example of India–France space collaboration utilizing DORIS technology.
• DORIS, along with GPS (Global Positioning System), VLBI (Very Long Baseline Interferometry), and Satellite Laser Ranging (SLR), forms the backbone of modern Earth measurement systems.

CURRENT AFFAIRS : ENVIRONMENT

Zoological Survey of India Discovers New Lizard Species Mesalina bishnoi in Rajasthan, Marking First Indian Record of the Genus Mesalina

• Scientists from the Zoological Survey of India (ZSI) discovered a new lizard species named Mesalina bishnoi near Gajner, Bikaner district, Rajasthan.
• The discovery marks the first confirmed record of the genus Mesalina in India, making it an important addition to the country's reptile biodiversity.
• The species was discovered during field surveys conducted in August 2025 and was formally validated through morphological and genetic analysis.
• Mesalina bishnoi belongs to the family Lacertidae and is classified as an arid-adapted lacertid lizard suited to desert environments.
• The species was named in honour of the Bishnoi community in recognition of its long-standing commitment to environmental conservation and wildlife protection.
• Mesalina bishnoi is a small, fast-moving, diurnal (day-active) lizard with a snout-vent length of approximately 2 millimetres (mm).
• The species was discovered in the Thar biogeographic province (Thar Desert) of Rajasthan, highlighting the rich but often underexplored biodiversity of the desert ecosystem.
• The lizard exhibits greyish to olive-brown coloration, distinct dorsolateral stripes extending from the neck to the tail, black markings behind the eyes, and a white-spotted mottled camouflage pattern.
• Identification of the species was confirmed through detailed morphological examination and mitochondrial DNA analysis, establishing it as a unique evolutionary lineage.
• Genetic studies confirmed that it belongs to the Mesalina watsonana species complex but represents a distinct species.
• The discovery validates several earlier unconfirmed records of the genus Mesalina in India and provides scientific evidence of its presence in the country.
• The finding significantly enhances understanding of India’s reptile diversity and underscores the importance of taxonomic and biodiversity research in desert ecosystems.
• During the field surveys, researchers also recorded species such as Hemidactylus sahgali, Platyceps ventromaculatus, and Echis carinatus.

CURRENT AFFAIRS : ACQUISITIONS & MERGERS

Ministry of Corporate Affairs Approves Incorporation of Mahindra Manulife Insurance Limited Under Mahindra–Manulife Joint Venture

• The Ministry of Corporate Affairs (MCA) approved the incorporation of Mahindra Manulife Insurance Limited (MMIL), a new life insurance joint venture between the Mahindra Group and Manulife Financial Corporation (MFC).
• MMIL has been established as a 50:50 joint venture between India's Mahindra Group and Canada's Manulife Financial Corporation.
• The company aims to provide AI-native, digitally-led insurance solutions across rural, semi-urban, and urban India in line with the vision of “Insurance for All.”
• The joint venture combines Mahindra's extensive domestic distribution network with Manulife's global expertise in insurance product innovation, underwriting, and agency-led distribution.
• Suresh Agarwal has been appointed as the Managing Director (MD) and Chief Executive Officer (CEO)-designate of Mahindra Manulife Insurance Limited (MMIL).
• MMIL is positioned as an AI-native, customer-first insurer, leveraging Artificial Intelligence (AI), data-driven underwriting, and digital engagement platforms to improve insurance accessibility and customer experience.
• The company will offer a range of savings, protection, and needs-based life insurance products tailored to diverse customer segments.
• A key focus area of MMIL will be expanding insurance penetration in underserved rural and semi-urban regions, while also catering to urban customers.
• The venture seeks to strengthen India's life insurance ecosystem by promoting technology-driven insurance solutions and wider financial inclusion.

About Ministry of Corporate Affairs :

• Cabinet Minister : Nirmala Sitharaman
• Minister of State : Harsh Malhotra

Goldman Sachs, Citigroup and Societe Generale Acquire 1.34% Stake in Paytm

• Global investment banks and Foreign Institutional Investors (FIIs) acquired a 34% stake in One97 Communications (Paytm) through open market transactions worth approximately ₹963 crore.
• One97 Communications Limited is the parent company of Paytm, one of India's leading fintech and digital payments platforms.
• Major foreign institutional buyers included Goldman Sachs, Societe Generale, BNP Paribas, Citigroup Global Markets, Ghisallo Capital Management, Copthall Mauritius Investment, and Viridian Asset Management.
• Among domestic institutional investors, Sundaram Mutual Fund, Nippon India Mutual Fund, Edelweiss Mutual Fund, and India Acorn ICAV participated in the share purchase.
• The stake sale was carried out by SAIF Partners through its affiliates SAIF III Mauritius Company Ltd and SAIF Partners India IV Ltd.
• SAIF Partners offloaded a combined 08 lakh shares of Paytm through the open market transaction.
• The transaction reflects continued investor interest in India's fintech and digital payments sector despite ongoing ownership restructuring.
• Following the transaction, Antfin's shareholding in Paytm declined from 9.85% to approximately 8.51%, continuing its gradual reduction of stake in the company.

CURRENT AFFAIRS: MOUS AND AGREEMENT

India-Oman Comprehensive Economic Partnership Agreement Comes into Force from June 1, 2026

• The India-Oman Comprehensive Economic Partnership Agreement (CEPA) entered into force on 1 June 2026.
• The agreement was signed on 18 December 2025 in Muscat in the presence of Prime Minister Narendra Modi,
• The agreement was operationalised in New Delhi in the presence of Union Minister Piyush Goyal and Issa Saleh Al Shibani, Ambassador of Oman to India,
• The first consignments of agriculture products and gems and jewellery exports availing preferential tariff benefits were flagged off from Mumbai, Kolkata and Chennai,
• The India-Oman Comprehensive Economic Partnership Agreement is India’s second Free Trade Agreement signed within six months after the India–United Kingdom Free Trade Agreement,
• Oman has offered zero-duty access on 98.08% of its tariff lines, covering 99.38% of India’s exports to Oman, with benefits effective from Day One,
• The agreement covers trade in goods and services, investment, professional mobility and regulatory cooperation,
• It is expected to boost exports of engineering goods, pharmaceuticals, agriculture and processed food products, marine products, textiles, leather, chemicals, electronics, plastics, gems and jewellery, and automobiles,
• In the services sector, the agreement allows 100% Foreign Direct Investment by Indian companies in major services sectors in Oman,
• The agreement includes the first-ever comprehensive commitment on Traditional Medicine, creating opportunities for India’s AYUSH sector,
• It provides for mutual recognition of Halal certification, acceptance of India's National Programme for Organic Production certification, faster pharmaceutical approvals and enhanced cooperation on standards and conformity assessment,
• Bilateral trade between India and Oman stood at 11.18 billion US dollars in Financial Year 2025-26, compared to 10.61 billion US dollars in Financial Year 2024-25,
• Oman is India’s second-largest trading partner in the Gulf region, and nearly 7 lakh Indians reside in Oman,

About Oman

• Capital: Muscat,
• Currency: Omani Rial,
• Prime Minister: Sultan Haitham bin Tarik,
• Ambassador of Oman to India: Issa Saleh Al Shibani,

Centre Signs Memorandums of Understanding with Five States and One Union Territory under Jal Jeevan Mission 2.0

• The Central Government has signed Memorandums of Understanding with Arunachal Pradesh, Jharkhand, Tamil Nadu, Nagaland and the Union Territory of Puducherry under Jal Jeevan Mission 2.0,
• The initiative aims to strengthen safe drinking water supply across rural India,
• The reform-linked Memorandums of Understanding promote a Gram Panchayat-led, service-based and community-centred approach to rural water governance,
• The initiative is aligned with the objectives of Jal Jeevan Mission 2.0, which seeks to ensure that every rural household receives quality drinking water in adequate quantity on a regular basis,
• The mission emphasizes community participation and local ownership in managing rural water supply systems,
• In March 2026, the Union Cabinet approved the extension of the Jal Jeevan Mission up to December 2028,
• The extended mission has an enhanced total financial outlay of ₹8.69 lakh crore,
• The new phase, known as Jal Jeevan Mission 2.0, aims to provide Functional Household Tap Connections to all 19.36 crore rural households by December 2028,
• The mission also targets certification of all Gram Panchayats as “Har Ghar Jal” villages,

RECENT NEWS

• The Union Cabinet was chaired by Prime Minister Narendra Modi has approved the extension of the Jal Jeevan Mission (JJM) till December 2028. And extension happen with a significant enhanced financial outlay. This program will now shift its focus from infrastructure creation to service delivery and sustainable rural drinking water supply. 

CURRENT AFFAIRS: SPORTS NEWS

India’s Women Wrestlers Win 10 Medals at Under-17 Asian Wrestling Championships 2026

• India’s women’s wrestling team won a total of 10 medals at the Under-17 Asian Wrestling Championships 2026 held in Da Nang, Vietnam.
• The medal tally included 2 gold medals, 3 silver medals and 5 bronze medals,
• With medals in all weight categories contested by Indian wrestlers, the team achieved a 100% podium success rate,
• Diksha won the gold medal in the 43-kilogram category,
• Garima secured the gold medal in the 73-kilogram category,
• Nikita (49 kilogram), Antra (65 kilogram) and Taniya (69 kilogram) won silver medals,
• Palak (40 kilogram), Anamika (46 kilogram), Akshra (53 kilogram), Sakshi (57 kilogram) and Manya (61 kilogram) secured bronze medals,
• The performance highlighted India's growing strength in women’s wrestling at the junior international level,

CURRENT AFFAIRS : OBITUARIES

Marcia Lucas, Oscar-Winning Editor of the Original ‘Star Wars’ Trilogy, Passed Away at 80

• Marcia Lou Griffin (Marcia Lucas), the Academy Award-winning film editor best known for her work on the original Star Wars trilogy, passed away at the age of 80 in Rancho Mirage, California, USA.
• She was born on 04 October 1945 in Modesto, California, United States of America (USA).
• Marcia Lucas was a renowned film editor and one of the pioneering women editors of Hollywood's New Hollywood era.
• She played a significant role in shaping some of the most influential films of the 1970s and 1980s, particularly the original Star Wars trilogy.
• She began her film editing career in the late 1960s and gained prominence through collaborations with renowned filmmakers George Lucas and Martin Scorsese.
• Her most notable achievement was winning the Academy Award for Best Film Editing for Star Wars: Episode IV – A New Hope in 1978.
• She also received an Academy Award nomination for American Graffiti.
• Marcia Lucas earned a British Academy of Film and Television Arts (BAFTA) Award nomination for Taxi Driver.

CURRENT AFFAIRS: IMPORTANT DAYS

World Environment Day 2026 Observed on June 5

• World Environment Day 2026 is observed globally on 5 June 2026.
• The day is dedicated to raising awareness about environmental protection and sustainable development.
• It highlights key environmental challenges such as deforestation, climate change, biodiversity loss, pollution and ecosystem degradation,
• The observance encourages governments, organizations and individuals to take action for environmental conservation,
• In 1968, Sweden proposed to the United Nations the idea of holding an international conference focused on environmental issues,
• In 1972, the United Nations Conference on the Human Environment was held in Stockholm, Sweden, with Maurice Strong playing a leading role in discussions on marine pollution, population growth and global warming,
• In 1974, the first World Environment Day was celebrated in Spokane, Washington, United States,
• In 2019, China hosted World Environment Day with the theme “Beat Air Pollution”, highlighting the global impact of air pollution on human health

Daily CA One- Liner: June 5

• The Pradhan Mantri Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi) Scheme completed six years of operation in June 2026
• India will host the 13th BRICS Urbanisation Forum on 11–12 June 2026 in New Delhi
• India’s seafood exports reached an all-time high in Financial Year 2025-26, recording 19,72,018 Metric Tonnes valued at ₹73,890.46 crore (8.46 billion United States dollars),
• Deendayal Port Authority (DPA), Kandla received the Sagar Aankalan Award as the best-performing port under the category “Handling of Container Cargo – Less than 0.5 million Twenty-foot Equivalent Units” for Financial Year 2024-25
• The India-Oman Comprehensive Economic Partnership Agreement (CEPA) entered into force on 1 June 2026
• The Central Government has signed Memorandums of Understanding with Arunachal Pradesh, Jharkhand, Tamil Nadu, Nagaland and the Union Territory of Puducherry under Jal Jeevan Mission 2.0
• India’s women’s wrestling team won a total of 10 medals at the Under-17 Asian Wrestling Championships 2026 held in Da Nang, Vietnam
• India and Cambodia launched the first phase of a cross-border QR payment linkage, enabling Indian users to make digital payments in Cambodia using Unified Payments Interface (UPI).
• Karur Vysya Bank Limited (KVB) launched a new premium credit card portfolio on the Visa platform to strengthen its offerings for affluent and lifestyle-focused customers.
• The United States (US) overtook Mauritius to become the second-largest source of Foreign Direct Investment (FDI) into India in FY 2025-26.
• Brajesh Kumar Singh has assumed charge as the Managing Director (MD) and Chief Executive Officer (CEO) of Canara Bank following his appointment by the Central Government of India.
• Maj Gen Rachel Thomas assumed charge as the Additional Director General, Military Nursing Service (MNS) on June 01, 2026.
• Border Roads Organisation (BRO) celebrated the 37th Raising Day of Project UDAYAK on 01 June 2026 at Doomdooma, Assam, marking more than three decades of service in developing strategic infrastructure in North-East India.
• The Government of India (GoI) signed a BrahMos missile export agreement with Vietnam worth approximately Rs 60 billion (USD 629 million), marking a significant milestone in India's defence exports.
• India’s largest Fast-Moving Consumer Goods (FMCG) company, Hindustan Unilever Limited (HUL) inaugurated the Unilever Fragrance Hub (UFH) at the Indian Institute of Technology Bombay (IIT-B) campus in Mumbai, Maharashtra.
• Indian Institute of Technology Kanpur (IIT Kanpur) has become the host of India’s first DORIS (Doppler Orbitography and Radiopositioning Integrated by Satellite) ground beacon, joining a global network of high-precision geodetic stations.
• Scientists from the Zoological Survey of India (ZSI) discovered a new lizard species named Mesalina bishnoi near Gajner, Bikaner district, Rajasthan.
• The Ministry of Corporate Affairs (MCA) approved the incorporation of Mahindra Manulife Insurance Limited (MMIL), a new life insurance joint venture between the Mahindra Group and Manulife Financial Corporation (MFC).
• Global investment banks and Foreign Institutional Investors (FIIs) acquired a 34% stake in One97 Communications (Paytm) through open market transactions worth approximately ₹963 crore.
• Marcia Lou Griffin (Marcia Lucas), the Academy Award-winning film editor best known for her work on the original Star Wars trilogy, passed away at the age of 80 in Rancho Mirage, California, USA.
• World Environment Day 2026 is observed globally on 5 June 2026.