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CURRENT AFFAIRS : BANKING, FINANCE & BUSINESS

Union Finance Minister Nirmala Sitharaman Holds Meeting with West Bengal Leader Suvendu Adhikari in New Delhi

• Union Minister for Finance and Corporate Affairs Nirmala Sitharaman met Suvendu Adhikari in New Delhi to discuss measures for accelerating West Bengal’s development in line with the vision of Narendra Modi.
• The meeting focused on improving credit availability across various sectors and enhancing the implementation of Central Government schemes in West Bengal.
• The Union Finance Minister announced a renewed saturation drive to ensure coverage of every eligible beneficiary under major flagship financial inclusion schemes.
• The schemes identified for the saturation drive include Pradhan Mantri MUDRA Yojana, Pradhan Mantri Jan Dhan Yojana, Pradhan Mantri Jeevan Jyoti Bima Yojana, Pradhan Mantri Suraksha Bima Yojana, Atal Pension Yojana, and PM SVANidhi.
• To expand access to finance, roundtable meetings will be organized across all regions of West Bengal involving Public Sector Banks (PSBs), industry bodies, and MSME associations.
• The objective of these meetings is to strengthen industrial development, promote entrepreneurship, and generate greater employment opportunities in the State.
• The performance of West Bengal Gramin Bank will be reviewed with emphasis on strengthening financial inclusion and expanding access to formal credit in rural areas.
• The Union Finance Minister assured support for eligible proposals from West Bengal under the Special Assistance to States for Capital Investment (SASCI) Scheme.
• The SASCI Scheme aims to strengthen capital infrastructure and promote development projects across the State.
• The State Government was also urged to expedite the implementation of reform-linked components under the SASCI Scheme.

Government Unveils Reforms to Strengthen the Government Securities Market and Boost Foreign Portfolio Investor Participation

• The Ministry of Finance (MoF) introduced major reforms to increase Foreign Portfolio Investor (FPI) participation in Government Securities (G-Secs) and strengthen India's debt market.
• The reforms aim to attract stable long-term foreign capital, deepen the G-Sec market, and broaden and diversify the investor base.

Key Highlights :

• The key measures include tax exemptions on interest income, Long-Term Capital Gains (LTCG), Short-Term Capital Gains (STCG), expansion of the Fully Accessible Route (FAR), and streamlined investment norms.
• Greater foreign participation is expected to support funding for infrastructure, manufacturing, urban development, climate initiatives, and other national priorities.
• The reforms are also expected to improve market liquidity, enhance price discovery, develop a smoother yield curve, reduce government borrowing costs, and strengthen monetary policy transmission.
• The measures are likely to attract long-term institutional investors such as pension funds, insurance companies, and sovereign wealth funds.
• Under the previous tax regime, FIIs and SEBI-registered FPIs were taxed under Section 210 of the Income-tax Act, 2025.
• Earlier, interest income from G-Secs was taxed at 20% for FIIs/FPIs.
• Previously, Short-Term Capital Gains (STCG) on G-Secs were taxed at 30%.
• Long-Term Capital Gains (LTCG) on G-Secs were taxed at 12.5% under the earlier regime.
• Under the new tax regime, FPIs/FIIs will pay Nil tax on interest income earned from G-Secs.
• Capital gains arising from the sale, transfer, exchange, or redemption of G-Secs will also be fully exempt from tax.
• The tax exemption applies to income arising on or after 1 April 2026.
• The exemption was introduced through the Income-tax (Amendment) Ordinance, 2026.
• Foreign Portfolio Investment (FPI) refers to investments by foreign individuals or institutions in financial assets such as stocks, bonds, mutual funds, and government securities without management control.
• Foreign Institutional Investment (FII) is a category of FPI involving institutional investors such as mutual funds, pension funds, insurance companies, and hedge funds.
• Government Securities (G-Secs) are tradable debt instruments issued by the Central Government and State Governments.
• The Bank for International Settlements (BIS) is an international financial institution owned by central banks and serves as a forum for global monetary and financial cooperation.
• Long-Term Capital Gains (LTCG) arise when listed G-Secs are held for more than 12 months and unlisted G-Secs for more than 24 months.
• Short-Term Capital Gains (STCG) arise when listed G-Secs are held for up to 12 months and unlisted G-Secs for up to 24 months.
• Foreign investors can invest in G-Secs through the General Route and the Fully Accessible Route (FAR).
• The General Route allows investment in G-Secs but is subject to restrictions such as investment caps and holding requirements.
• The Fully Accessible Route (FAR) permits investment in eligible G-Secs without the restrictions applicable under the General Route.
• As on 12 May 2026, FPIs held ₹3,75,171 crore worth of G-Secs, accounting for 3.34% of the total outstanding G-Sec stock of ₹112.42 lakh crore.
• Under the General Route, FPI holdings stood at ₹54,091 crore, representing 0.83% of the outstanding stock of ₹64.78 lakh crore.
• Under FAR, FPI holdings stood at ₹3.21 lakh crore, accounting for 6.74% of the eligible outstanding stock of ₹47.63 lakh crore.
• The Government has expanded the FAR framework to include new issuances of 15-year, 30-year, and 40-year Government Securities.
• Sovereign Green Bonds (SGrBs) issued in FAR-eligible tenors have also been included under the expanded FAR framework.
• The expansion of FAR is expected to encourage greater participation in long-duration sovereign debt instruments.
• To facilitate higher FPI participation, the Government removed the short-term investment limit, concentration limit, and security-wise investment limit under the General Route.
• The overall investment limits remain unchanged at 6% of the outstanding stock of Central Government Securities and 2% of the outstanding stock of State Government Securities (SGSs).

State Bank of India Research Revises India’s FY26 GDP Growth to 7.7% Following Strong Q4 Performance

• State Bank of India (SBI) Research released its latest “Ecowrap” Report, which projected India's Gross Domestic Product (GDP) growth for Financial Year 2025-26 (FY26) at 7.7%.
• The report attributed the higher growth estimate to the stronger-than-expected economic performance in Q4 FY26 (January–March 2026).
• India's GDP growth accelerated to 7.8% in Q4 FY26, reflecting sustained economic momentum.
• According to the report, growth was supported by strong services sector activity, robust industrial performance, rising private investments, and improving consumption trends.
• The report projected Nominal GDP Growth in the range of 12.5%–13% for FY27, higher than the Budget Estimate (BE) of 10%.
• The higher nominal GDP projection is subject to continued elevation in inflation and GDP deflator trends.
• Gross Value Added (GVA), a key indicator of economic activity, expanded by 7.9% in Q4 FY26.
• The average GVA growth for the full FY26 also stood at 7.9%.
• The report highlighted that Core GVA recorded a strong growth of 9.7%.
• The Services Sector emerged as the major contributor to economic growth, expanding by 9.9% in Q4 FY26.
• Within the services sector, Trade, Hotels, Transport, Communication, and Broadcasting Services registered a robust growth of 12.5%.
• Financial, Real Estate, and Professional Services recorded a growth of 10.4% during the quarter.
• The report highlighted a significant rise in investment proposals, indicating strong investor confidence in the economy.
• Total investment announcements reached a record ₹80 lakh crore in FY26.
• Out of the total investment announcements, private sector investments accounted for ₹56 lakh crore.
• The Manufacturing Sector accounted for approximately 29% of all new investment announcements, making it the largest contributor among sectors.
• The Power Sector emerged as the second-largest recipient of new investment announcements.

Reliance Industries Raises USD 625 Million Equivalent Through Samurai Loan

• Reliance Industries Limited (RIL) raised JPY 91.9 billion (approximately USD 625 million) through a Samurai Loan.
• The borrowing is the largest Samurai Loan ever raised by an Indian corporate and the third-largest Samurai borrowing by an Asian corporate.
• A Samurai Loan is a Japanese Yen-denominated cross-border syndicated loan provided by Japanese lenders to a non-Japanese borrower.
• Samurai Loans enable foreign companies to access Japan’s financial markets and raise funds in Japanese Yen (JPY).
• The transaction involved participation from 10 Japanese and Taiwanese banks.
• The funds were used to refinance RIL’s existing yen-denominated debt maturing during FY26.
• RIL also secured USD 600 million equivalent financing through untied facilities backed by Nippon Export and Investment Insurance (NEXI), Japan’s export credit agency.
• The NEXI-backed financing will be used to fund RIL’s solar photovoltaic (PV) projects and battery giga factories.
• The facility is the first untied financing ever extended by NEXI to any corporate entity globally.
• The NEXI-supported loan carries one of the longest tenors among export credit agency-backed facilities worldwide.
• RIL additionally secured nearly USD 500 million equivalent financing through untied facilities supported by Korea Trade Insurance Corporation (KSURE), South Korea’s export credit agency.
• The KSURE-backed financing is intended for capital expenditure (CapEx) requirements.
• RIL became the first company in the world to access KSURE’s untied facility product.
• The KSURE facility is also the first untied financing extended by KSURE to any corporate globally.

Reserve Bank of India Sets FY27 Regulatory Priorities on Customer Protection and Credit Ecosystem Enhancement

• The Reserve Bank of India (RBI) has identified Customer Protection and Strengthening the Credit Ecosystem as its two key regulatory priorities for FY27.
• To enhance customer protection, RBI plans to strengthen Know Your Customer (KYC) norms, review Responsible Business Conduct Guidelines, and extend the Video Customer Identification Process (V-CIP) facility to Non-Resident Indians (NRIs).
• RBI’s credit-sector reforms will include a review of regulations related to interest rates, credit risk management, and loan transfer and distribution mechanisms.

Key Highlights :

• The central bank will introduce a new Framework for Shared Loan Arrangements to improve coordination among lenders and strengthen the credit ecosystem.
• RBI plans to rationalise requirements for matters placed before Bank Boards to enable greater focus on strategy formulation and risk governance.
• The supervisory agenda for FY27 will focus on early identification of emerging risks, stronger root-cause analysis, and improved consistency in supervisory practices across regulated entities.
• RBI will review the Risk-Based KYC/Anti-Money Laundering (AML) Supervision Framework for Scheduled Commercial Banks (SCBs).
• The central bank will strengthen data-driven supervision through micro-data analytics and develop a Supervisory Data Quality Index (sDQI) for Tier-3 and Tier-4 Urban Co-operative Banks (UCBs).
• RBI will also examine the implementation of a Risk-Based Supervision Framework for selected Non-Banking Financial Companies (NBFCs) and Urban Co-operative Banks (UCBs).
• RBI plans to expand the Central Bank Digital Currency (CBDC) Pilot by introducing new use cases in Direct Benefit Transfer (DBT) Schemes and the retail payments segment.
• The central bank will explore tokenisation of financial assets, broaden CBDC participant coverage, and operationalise bilateral and multilateral cross-border CBDC pilots.
• To strengthen digital lending, RBI will scale up the Unified Lending Interface (ULI) by onboarding more lenders and data service providers.
• The ai, developed by the Reserve Bank Innovation Hub (RBIH) for near-real-time detection of mule accounts, will be expanded across more banks and enhanced with a Mule Registry feature.
• RBI is exploring the full-scale implementation of the Digital Payments Intelligence Platform (DPIP) to improve fraud detection and payment security.
• The central bank plans to introduce “Switch-On/Switch-Off” Controls for all digital payment modes, enabling customers to activate or deactivate payment channels as needed.
• RBI will broaden customer protection measures by expanding the scope of limited liability provisions for victims of fraudulent electronic banking transactions.
• A Compensation Mechanism for small-value fraudulent electronic banking transactions is also being considered.
• RBI intends to introduce a revised framework for calculating the Financial Inclusion Index (FI-Index).
• The central bank will support implementation of the National Strategy for Financial Inclusion (NSFI) 2025–30 to expand financial access across the country.
• RBI aims to ensure that every eligible account holder in all districts has access to at least one digital payment mode, including UPI, Cards, Internet/Mobile Banking, USSD, or Aadhaar Enabled Payment System (AePS).
• To improve grievance redressal, RBI will issue comprehensive instructions on Internal Grievance Mechanisms for regulated entities.

India’s Banking Sector Witnesses Sharp Increase in Fraud Value to ₹48,021 Crore in FY26

• India’s banking sector reported frauds worth ₹48,021 crore in FY26, registering a 46% increase over ₹32,694 crore in FY25, the highest fraud amount recorded in the last three years.
• Despite the rise in fraud value, the number of fraud cases declined sharply from 23,722 cases in FY25 to 10,114 cases in FY26, indicating fewer but higher-value frauds.
• Public Sector Banks (PSBs) accounted for nearly 74% of the total fraud amount, reporting frauds worth ₹35,709 crore across 5,418 cases in FY26.
• Private Sector Banks reported frauds worth ₹11,399 crore involving 3,956 cases during FY26.
• The Advances (Loan) Category remained the largest source of banking fraud, accounting for ₹40,774 crore, which constituted 84.9% of the total fraud amount in FY26.
• Frauds related to loans and advances increased significantly from ₹30,367 crore in FY25 to ₹40,774 crore in FY26.
• The number of loan-related fraud cases also rose from 7,924 cases in FY25 to 8,640 cases in FY26.
• The data highlights continuing challenges in credit risk management, loan monitoring, and fraud prevention within the banking sector.
• To strengthen customer protection, the Reserve Bank of India (RBI) is exploring a “Switch On/Switch Off” facility for digital payment channels, enabling customers to activate or deactivate payment services as required.
• The RBI is also considering a “Kill Switch” mechanism, which would allow customers to instantly block all debit transactions from their bank accounts in case of suspected fraud.

Reserve Bank of India Reports Robust Growth in Cash Transactions and Digital Payments During FY26

• An Reserve Bank of India (RBI) survey conducted among households and small retailers revealed that cash remains the preferred mode of payment in India despite the rapid growth of digital payment systems.
• Reflecting this preference for cash, the value of banknotes in circulation increased by 11.9% to ₹41.23 trillion at the end of March 2026.
• The volume of banknotes in circulation also grew by 10.5% during FY26.
• The ₹500 denomination note remained the most widely used currency note in India during FY26.
• In value terms, ₹500 notes accounted for 85.5% of the total value of banknotes in circulation.
• The ₹500 note also held the highest share in volume terms among all banknote denominations.
• The total value of coins in circulation increased to ₹40,814 crore in FY26 from ₹36,628 crore in FY25.
• Among coins, the ₹5 coin had the largest share in circulation, followed by the ₹10 coin.
• The number of counterfeit currency notes detected in the banking system increased by 5.7% during FY26.
• A total of 2,29,746 counterfeit banknotes were detected in the banking system during FY26.
• The detection of fake ₹20 notes and fake ₹500 notes increased significantly during the year.
• Counterfeit notes in most other denominations registered a decline compared to the previous year.

 CURRENT AFFAIRS: NATIONAL AND STATE NEWS

Stockholm International Peace Research Institute Report 2026: India Widens Nuclear Lead Over Pakistan with 190 Warheads

• The Stockholm International Peace Research Institute (SIPRI) Yearbook 2026 has reported that India’s nuclear arsenal has increased to an estimated 190 warheads, compared to Pakistan’s estimated 170 warheads.
• India now holds an estimated advantage of 20 nuclear warheads over Pakistan.
• The report noted that both India and Pakistan continued to modernize and strengthen their nuclear capabilities throughout 2025.
• SIPRI observed that India's nuclear strategy is increasingly focused on the development of longer-range missile systems to strengthen its strategic deterrence capabilities.
• While Pakistan remains an important security concern, India's long-term strategic planning is increasingly influenced by evolving challenges related to China.
• The report highlighted that investments in long-range missile capabilities reflect India's broader approach towards national security and strategic deterrence.
• SIPRI stated that military competition in South Asia is no longer limited to traditional weapons systems and is increasingly driven by advanced technologies.
• Emerging technologies influencing regional security include:
• Long-range missile systems
• Armed drones
• Artificial Intelligence-enabled military platforms
• Cyber warfare capabilities
• Advanced surveillance and intelligence systems
• India remained among the world's leading defence spenders during 2025.
• According to SIPRI, India's defence expenditure reached approximately United States Dollar 92.1 billion in 2025, representing an increase of 8.9% compared to the previous year.
• India ranked as the fifth-largest military spender in the world in 2025.
• India accounted for 8.2% of global arms imports during the period 2021–2025.
• The report highlights India's continued commitment to strengthening defence preparedness, military modernization, and strategic capabilities amid changing regional security dynamics.

About SIPRI

• Full Name: Stockholm International Peace Research Institute
• Established: 1966
• Headquarters: Stockholm, Sweden

West Bengal Set to Become 36th State/Union Territory to Implement Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (PM-JAY)

• West Bengal is set to become the 36th State/Union Territory to implement the Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB PM-JAY).
• The implementation will be formalized through a Memorandum of Understanding (MoU) between the National Health Authority (NHA) and the Government of West Bengal.
• The move marks a significant milestone in India's journey towards Universal Health Coverage.
• Ayushman Bharat Pradhan Mantri Jan Arogya Yojana is the world's largest publicly funded health assurance scheme.
• The scheme provides health insurance coverage of up to ₹5 lakh per family per year for secondary and tertiary hospitalization.
• It aims to reduce out-of-pocket healthcare expenditure and improve access to quality healthcare services.
• Beneficiaries can avail cashless treatment at empanelled public and private hospitals across the country.
• The scheme offers nationwide portability, allowing beneficiaries to receive treatment in any empanelled hospital regardless of their home state.
• The inclusion of West Bengal is expected to benefit millions of eligible residents by expanding access to affordable healthcare services.
• The portability feature will particularly benefit migrant workers and families travelling outside the state.
• The scheme is also expected to provide financial protection against catastrophic medical expenses and major hospitalizations.
• Ayushman Bharat Pradhan Mantri Jan Arogya Yojana is administered by the National Health Authority.

About Ayushman Bharat Pradhan Mantri Jan Arogya Yojana

• Launch Year: 2018
• Implementing Agency: National Health Authority
• Type of Scheme: Centrally Sponsored Scheme
• Health Coverage: Up to ₹5 lakh per family per year
• Coverage: Secondary and Tertiary Hospitalization
• Benefits: Cashless treatment and nationwide portability
• Objective: Universal Health Coverage and financial protection against healthcare expenses

About Ministry of Health and Family Welfare

• Union Minister for Health and Family Welfare: Jagat Prakash Nadda
• Chief Executive Officer, National Health Authority: Dr. Sunil Kumar Barnwal

RECENT NEWS

• The West Bengal Legislative Assembly has signed the Memorandum of Understanding (MoU) for the implementation of the National e-Vidhan Application (NeVA). After this signing the state of West Bengal becomes the 33rd Legislature in the India to join the NeVA initiative.

National Zoological Park Launches ‘NZP Saathi App’ and Self-Ticketing Kiosks

• The National Zoological Park (NZP), New Delhi, has launched the ‘NZP Saathi App’ and Self-Ticketing Kiosks to enhance visitor convenience and improve the overall zoo experience.
• The initiatives were inaugurated by Union Minister of State for Environment, Forest and Climate Change Kirti Vardhan Singh.
• The NZP Saathi App serves as a comprehensive digital guide for zoo visitors and is available on both Android and iOS platforms.
• The app offers an interactive digital map, smart navigation, and real-time guidance throughout the zoo premises.
• Visitors can easily locate animal enclosures, washrooms, buggy points, food courts, exits, and other facilities using the application.
• The app also provides educational information about animals and exhibits, making zoo visits more informative and engaging.
• A key feature of the app is its thematic tour options, including:
• Express Tour for quick visits
• Family Tour for family groups
• Grand Zoo Tour covering major attractions
• My Tour for personalized itineraries
• The zoo has also installed Self-Ticketing Kiosks to facilitate faster ticket purchases through Unified Payments Interface (UPI)-based digital payments.
• Free Wi-Fi connectivity has been provided to support instant online bookings and seamless digital access.
• The initiative is expected to reduce queues, promote cashless transactions, and improve visitor management.
• The launch aligns with the Government’s efforts to promote digital governance, citizen-centric services, wildlife conservation, and environmental awareness.

About National Zoological Park

• Location: New Delhi
• Established: 1959
• Administrative Ministry: Ministry of Environment, Forest and Climate Change

About Ministry of Environment, Forest and Climate Change :

• Cabinet Minister : Bhupender Yadav
• Minister of State : Kirti Vardhan Singh

CURRENT AFFAIRS: AWARDS AND HONOURS

e-Jagriti Platform Wins Silver Award at National Awards for e-Governance 2026

• The e-Jagriti platform, developed by the Department of Consumer Affairs, has won the Silver Award at the National Awards for e-Governance (NAeG) 2026.
• The award was conferred under the category “Government Process Re-engineering by Use of Technology for Digital Transformation.”
• The platform was selected after a rigorous evaluation process involving 341 nominations from Central Ministries, Departments, and State Governments.
• e-Jagriti is an Artificial Intelligence-enabled unified digital platform launched on 1 January 2025 to streamline consumer grievance redressal across India.
• The platform integrates four legacy systems into a single ecosystem:
• Online Case Monitoring System (OCMS)
• e-Daakhil
• National Consumer Disputes Redressal Commission Case Management System (NCDRC CMS)
• Consumer Online Resource and Empowerment Network (CONFONET)
• It provides a paperless, transparent, and technology-driven mechanism for filing and resolving consumer disputes.
• Since its launch, the platform has registered 4,15,365 users, facilitated the filing of 2,29,174 cases, and disposed of 2,07,997 cases, achieving a 90.75% disposal rate.
• During Financial Year 2025–26, consumer commissions recorded a disposal rate of 92.30%, compared to 89.47% in Financial Year 2024–25.
• The platform offers several advanced features including online complaint filing, digital document exchange, One-Time Password-based onboarding, multilingual support, Artificial Intelligence and Machine Learning services, chatbot assistance, voice-to-text functionality, online payments, real-time case tracking, and accessibility support for persons with disabilities.
• e-Jagriti has significantly improved access to consumer justice for Non-Resident Indians (NRIs), enabling them to file complaints and participate in hearings remotely.
• A total of 3,312 Non-Resident Indian users have registered on the platform and 751 complaints have been filed from abroad.
• Several consumer commissions, including the National Consumer Disputes Redressal Commission, Uttarakhand, Chhattisgarh, Chandigarh, Madhya Pradesh, Punjab, Meghalaya, Rajasthan, Karnataka, and Arunachal Pradesh, achieved disposal rates exceeding 100% during Financial Year 2025–26.

About Ministry of Consumer Affairs, Food and Public Distribution

• Union Minister: Pralhad Joshi

• Minister of State: B. L. Verma, Nimuben Jayantibhai Bambhaniya

CURRENT AFFAIRS : SCIENCE & TECHNOLOGY

CSIR-Central Road Research Institute and Haryana Government Partner to Implement Commission for Air Quality Management Framework for Road Dust Control and Sustainable Urban Roads

• CSIR-Central Road Research Institute (CSIR-CRRI), New Delhi signed a Memorandum of Agreement (MoA) with the Government of Haryana for implementing the project titled “Implementation of the Standard Framework for Paving and Greening of Urban Roads (Haryana State)”.
• The project aims to address road dust pollution and promote sustainable urban road infrastructure in the National Capital Region (NCR).
• The initiative will be jointly implemented by CSIR-CRRI and School of Planning and Architecture in collaboration with the Government of Haryana.
• The project will be carried out under the guidance of the Commission for Air Quality Management (CAQM).
• The MoA was exchanged in the presence of senior officials from CAQM, Government of Haryana, CSIR-CRRI, and SPA New Delhi.
• Road dust has been identified as a major contributor to particulate air pollution in the NCR region.
• The CAQM had earlier issued the Standard Framework and Detailed Guidance Document for Paving and Greening of Urban Roads based on recommendations developed by CSIR-CRRI.
• The agreement operationalizes these recommendations through a structured implementation programme across Haryana.
• The project includes four major work packages for improving urban road infrastructure and reducing dust emissions.
• The first work package focuses on the development of space standards and road cross-sections.
• The second work package aims at mitigation of road dust through greening measures within the right-of-way.
• The third work package focuses on improving road maintenance through a Road Asset Management System (RAMS).
• The fourth work package involves the adoption of innovative technologies for road construction and maintenance.
• The initiative is expected to reduce road dust emissions, improve air quality, and create sustainable urban road infrastructure across the NCR.

Department of Biotechnology Celebrates Swachhata Pakhwada 2026 Across Its Institutions

• The Department of Biotechnology (DBT) under the Ministry of Science & Technology (MoS&T) observed Swachhata Pakhwada 2026 from 1 May to 15 May 2026.
• The programme was conducted at the DBT Headquarters in New Delhi and across all its Autonomous Institutions (AIs) and Public Sector Undertakings (PSUs).
• Swachhata Pakhwada 2026 was organized as part of the Government of India's flagship Swachh Bharat Mission.
• The event was conducted in accordance with the Guidelines and Calendar of Swachhata Pakhwada 2026 issued by the Cabinet Secretariat, Government of India.
• The campaign commenced on 1 May 2026 with a Swachhata Pledge-Taking Ceremony at the DBT, CGO Complex, New Delhi.
• Officers and officials of the DBT participated in the pledge ceremony, reaffirming their commitment to cleanliness, discipline, and civic responsibility.
• Various cleanliness and awareness activities were undertaken during the fortnight with active participation from DBT, its AIs, and PSUs.
• The action plan included cleanliness drives, water conservation initiatives, Shramdaan activities, and promotion of best practices related to sanitation.
• Activities conducted during the Pakhwada included Health Check-up Camps, Environment Awareness Lectures, Signature Campaigns, Tree Plantation Drives, and Awareness Programmes on Single-Use Plastic.
• Other initiatives included Stress Management Workshops, Seminars, Painting Competitions, Waste-to-Wealth Competitions, Distribution of Jute Bags, and reuse of wooden packing materials into decorative pots.
• Special awareness programmes on laboratory waste management were also organized during the campaign.
• Infrastructure improvement activities included the renovation of toilets and classrooms in nearby government schools.
• Essay Writing, Poem Writing, and Slogan Writing Competitions were organized to educate students and communities about the importance of cleanliness.
• The entire Swachhata Pakhwada 2026 was monitored and guided by senior officers of DBT through regular review meetings.
• A committee was constituted to identify and select the three best-performing offices as per the prescribed guidelines.
• The top-performing institution was National Institute of Animal Biotechnology, which secured the first position.
• The second position was awarded to National Agri-Food Biotechnology Institute.
• The third position was awarded to the Institute of Bioresources and Sustainable Development.
• The awards were presented by the Secretary, DBT during a formal ceremony held on 2 June 2026.

CURRENT AFFAIRS: SPORTS NEWS

French Open 2026: Alexander Zverev and Mirra Andreeva Win Singles Titles

• The French Open 2026 (Roland-Garros) concluded in Paris, France, with several historic achievements across singles and doubles categories.
• Alexander Zverev won the Men’s Singles title, securing the first Grand Slam title of his career.
• The German star defeated Flavio Cobolli of Italy in a thrilling five-set final.
• The victory ended Zverev's long wait for a Grand Slam trophy after previously losing three Grand Slam finals.
• Mirra Andreeva won the Women’s Singles title, claiming her maiden Grand Slam championship.
• The 19-year-old Russian defeated Maja Chwalińska of Poland in straight sets to lift the Suzanne-Lenglen Cup.
• Andreeva became one of the youngest French Open women's champions in recent years.
• Errani and Vavassori became the first pair since 2019 to successfully defend the French Open Mixed Doubles title.

French Open 2026 – Winners List

Kimi Antonelli Wins Monaco Grand Prix 2026, Extends Formula One Championship Lead

• Kimi Antonelli of Mercedes won the Monaco Grand Prix 2026, one of the most prestigious races in Formula One.
• The Italian driver secured his fifth consecutive victory of the season, strengthening his lead in the Formula One Drivers' Championship.
• Starting from pole position, Antonelli controlled the race throughout and displayed exceptional pace and composure on the streets of Monte Carlo, Monaco.
• A late-race red flag erased his comfortable lead and forced a standing restart, but Antonelli maintained control and successfully held off his rivals to claim victory.
• Lewis Hamilton of Ferrari finished second and secured another podium finish.
• Hamilton moved into second place early in the race after Max Verstappen suffered an engine failure and retired.
• Several championship contenders faced setbacks during the race:
• Max Verstappen retired due to engine failure.
• George Russell received a drive-through penalty and finished outside the points.
• Lando Norris retired because of technical issues.
• With several rivals failing to score significant points, Antonelli further extended his advantage at the top of the championship standings.

Monaco Grand Prix 2026 – Top 10 Finishers

1. Kimi Antonelli (Mercedes)
2. Lewis Hamilton (Ferrari)
3. Isack Hadjar (Red Bull)
4. Oscar Piastri (McLaren)
5. Liam Lawson (Racing Bulls)
6. Arvid Lindblad (Racing Bulls)
7. Pierre Gasly (Alpine)
8. Alex Albon (Williams)
9. Esteban Ocon (Haas)
10. Fernando Alonso (Aston Martin)

India Wins South Asian Football Federation Women’s Championship 2026, Secures Record Sixth Title

• The Indian Women’s Football Team won the South Asian Football Federation Women’s Championship 2026 by defeating Bangladesh 3-1 in the final held at Pandit Jawaharlal Nehru Stadium, Margao, Goa.
• With this victory, India secured a record-extending sixth South Asian Football Federation Women’s Championship title.
• The triumph ended India's seven-year wait for the championship, having last won the title in 2019.
• India finished runners-up in the previous two editions before reclaiming the regional crown in 2026.
• India took the lead through Pyari Xaxa in the 42nd minute.
• Bangladesh equalised through Ritu Porna Chakma in the 45+1 minute.
• Sanfida Nongrum restored India's lead just 40 seconds into the second half (46th minute).
• Substitute Lynda Kom Serto scored in the 82nd minute to seal a 3-1 victory for India.
• India dominated possession and created several scoring opportunities throughout the match.
• The team completed a dominant tournament campaign by winning all four matches.
• India scored 18 goals and conceded only one goal during the tournament.

Individual Award Winners

• Most Valuable Player: Sanfida Nongrum (India)
• Best Goalkeeper: Panthoi Chanu Elangbam (India)
• Top Scorer: Aveka Singh (India) – 4 Goals
• Fair Play Award: Nepal

South Asian Football Federation Women’s Championship 2026 – India's Performance

• Matches Played: 4
• Matches Won: 4
• Goals Scored: 18
• Goals Conceded: 1
• Champions: India

India Wins Men’s Under-18 Asia Cup 2026 Hockey Title

• India emerged as the champions of the Men’s Under-18 Asia Cup 2026 after defeating host nation Japan by 4-1 in the final held at Kakamigahara, Japan.
• The young Indian team delivered a dominant performance in the Gold Medal Match to secure the continental title.
• India showcased excellent consistency, attacking strength, and defensive discipline throughout the tournament.
• Facing Japan in front of the home crowd, India maintained control of the match from the opening stages and converted key scoring opportunities effectively.
• The Indian defence successfully restricted Japan's attacking threats while the forwards capitalized on scoring chances.
• The victory capped an impressive tournament campaign for India and reaffirmed its strength in Asian youth hockey.
• The final featured the two strongest teams of the tournament, with India emerging victorious through disciplined defending and effective attacking play.
• India finished the tournament undefeated and secured the coveted continental championship trophy.

Men’s Under-18 Asia Cup 2026

1. India – Gold Medal
2. Japan – Silver Medal
3. Pakistan – Bronze Medal

CURRENT AFFAIRS : OBITUARIES

National Film Award Winner and Veteran Malayalam Actor Salim Kumar Passed away in Kochi

• Veteran Malayalam actor and National Film Award winner Salim Kumar passed away at the age of 56 in Kochi.
• Salim Kumar was born on 10 October 1969 in Chittattukara.
• He began his artistic career as a mimicry artist and television comedian before entering the film industry.
• He made his Malayalam film debut with Ishtamanu Nooru Vattam in 1997.
• During his career, Salim Kumar acted in more than 300 films and became one of the most popular comic actors in Malayalam cinema.
• Apart from Malayalam films, he also appeared in several Tamil and Odia
• He won the National Film Award for Best Actor in 2010 for his outstanding performance in Adaminte Makan Abu.
• He received the Kerala State Film Award for Second Best Actor for Achanurangatha Veedu in 2005.
• He won the Kerala State Film Award for Best Comedian for Ayalum Njanum Thammil in 2013.
• He was also honoured with the Kerala State Film Award for Best Story for his directorial debut Karutha Joothan in 2017.

Arjuna Awardee and Former Asian Games Shot Put Medallist Balwinder Singh Dhaliwal passed away at 67

• Balwinder Singh Dhaliwal, popularly known as “Baba Dhaliwal”, passed away in Chandigarh at the age of 67.
• He was a renowned shot put athlete, Asian Games medalist, and recipient of the prestigious Arjuna Award.
• Balwinder Singh Dhaliwal was conferred the Arjuna Award in 1987 for his outstanding contribution to Indian athletics.
• He was a 10-time National Champion in shot put, dominating the event from 1981 to 1992.
• He won a Bronze Medal in Shot Put at the 1982 Asian Games.
• At the Asian Athletics Championships, he secured a Silver Medal in 1983, a Gold Medal in 1985, and a Bronze Medal in 1987.
• In 1986, he created an Asian Record in shot put with a throw of 71 metres at an international meet held in New Delhi.
• His achievements made him one of the most successful Indian shot put athletes of his era.
• He was honoured with the Maharaja Ranjit Singh Award in 1983 for excellence in sports.
• Balwinder Singh Dhaliwal was featured in the Limca Book of Records in 1988 for his remarkable sporting achievements.

Daily CA One- Liner: June 10

• The Stockholm International Peace Research Institute (SIPRI) Yearbook 2026 has reported that India’s nuclear arsenal has increased to an estimated 190 warheads, compared to Pakistan’s estimated 170 warheads
• West Bengal is set to become the 36th State/Union Territory to implement the Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB PM-JAY).
• The National Zoological Park (NZP), New Delhi, has launched the ‘NZP Saathi App’ and Self-Ticketing Kiosks to enhance visitor convenience and improve the overall zoo experience
• The e-Jagriti platform, developed by the Department of Consumer Affairs, has won the Silver Award at the National Awards for e-Governance (NAeG) 2026
• The French Open 2026 (Roland-Garros) concluded in Paris, France, with several historic achievements across singles and doubles categories
• Kimi Antonelli of Mercedes won the Monaco Grand Prix 2026, one of the most prestigious races in Formula One
• The Indian Women’s Football Team won the South Asian Football Federation Women’s Championship 2026 by defeating Bangladesh 3-1 in the final held at Pandit Jawaharlal Nehru Stadium, Margao, Goa
• India emerged as the champions of the Men’s Under-18 Asia Cup 2026 after defeating host nation Japan by 4-1 in the final held at Kakamigahara, Japan
• Union Minister for Finance and Corporate Affairs Nirmala Sitharaman met Suvendu Adhikari in New Delhi to discuss measures for accelerating West Bengal’s development in line with the vision of Narendra Modi.
• The Ministry of Finance (MoF) introduced major reforms to increase Foreign Portfolio Investor (FPI) participation in Government Securities (G-Secs) and strengthen India's debt market.
• State Bank of India (SBI) Research released its latest “Ecowrap” Report, which projected India's Gross Domestic Product (GDP) growth for Financial Year 2025-26 (FY26) at 7.7%.
• Reliance Industries Limited (RIL) raised JPY 91.9 billion (approximately USD 625 million) through a Samurai Loan.
• The Reserve Bank of India (RBI) has identified Customer Protection and Strengthening the Credit Ecosystem as its two key regulatory priorities for FY27.
• India’s banking sector reported frauds worth ₹48,021 crore in FY26, registering a 46% increase over ₹32,694 crore in FY25, the highest fraud amount recorded in the last three years.
• An Reserve Bank of India (RBI) survey conducted among households and small retailers revealed that cash remains the preferred mode of payment in India despite the rapid growth of digital payment systems.
• CSIR-Central Road Research Institute (CSIR-CRRI), New Delhi signed a Memorandum of Agreement (MoA) with the Government of Haryana for implementing the project titled “Implementation of the Standard Framework for Paving and Greening of Urban Roads (Haryana State)”.
• The Department of Biotechnology (DBT) under the Ministry of Science & Technology (MoS&T) observed Swachhata Pakhwada 2026 from 1 May to 15 May 2026.
• Veteran Malayalam actor and National Film Award winner Salim Kumar passed away at the age of 56 in Kochi.
• Balwinder Singh Dhaliwal, popularly known as “Baba Dhaliwal”, passed away in Chandigarh at the age of 67.