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CURRENT AFFAIRS : BANKING, FINANCE & BUSINESS

Securities and Exchange Board of India Updates Exchange Traded Funds Trading Rules, Replaces Fixed Limits with Dynamic Bands

• Securities and Exchange Board of India (SEBI) has revised the trading framework for Exchange Traded Funds (ETFs) by introducing dynamic price bands, a new base price determination methodology, and a pre-open call auction mechanism.
• The revised ETF trading norms will come into effect from 1 September 2026.
• The objective of the new framework is to align ETF trading prices more closely with the movements of their underlying assets and improve price discovery.
• Under the previous system, ETF price bands were based on the T-2 day Net Asset Value (NAV), which often created a mismatch with current market conditions.
• Under the revised framework, exchanges will use the previous day's closing market price, calculated through the last 30-minute Volume Weighted Average Price (VWAP), as the base price.
• If there is no trading during the final 30 minutes, the last traded price will be used as the base price.
• In the absence of market prices, the latest available NAV will serve as the fallback base price.
• SEBI has directed exchanges and mutual funds to work towards adopting T-1 closing NAV as the base price from 1 April 2027.
• For Equity ETFs and Debt ETFs, the existing fixed 20% price band has been replaced with dynamic price bands.
• The initial trading band for Equity and Debt ETFs will be ±10%.
• If the price reaches the threshold, the band can be expanded in 5% increments after a prescribed cooling-off period.
• The maximum expansion limit for Equity and Debt ETFs is ±20%.
• Overnight ETFs and Liquid ETFs will continue to operate under a fixed 5% price band.
• For Commodity ETFs tracking Gold and Silver, the initial dynamic price band has been set at ±6%.
• The price band for Gold and Silver ETFs can be widened in 3% increments after cooling-off periods based on market movements.
• Stock exchanges have been granted flexibility to further relax limits in exceptional situations involving sharp movements in global commodity prices.
• SEBI has introduced a Pre-Open Call Auction Mechanism specifically for Gold ETFs and Silver ETFs.
• The Pre-Open Call Auction aims to improve price discovery and bring ETF trading closer to the mechanism used in the equity market.
• Domestic ETFs generally trade only during Indian market hours, making efficient price discovery important for commodity-linked products.
• SEBI has also revised the close-out procedure for Overnight ETFs and Liquid ETFs, while retaining the existing mechanism for other ETF categories.
• ETF (Exchange Traded Fund) is a market-traded investment fund that tracks an index, commodity, bond, or basket of assets and is traded on stock exchanges like shares.
• VWAP (Volume Weighted Average Price) represents the average price of a security weighted by trading volume and is widely used as a benchmark for market pricing.

Reserve Bank of India Survey Shows Decline in Consumer Confidence Across Urban and Rural India in May 2026

• The Reserve Bank of India (RBI) released its latest Consumer Confidence Survey, which showed a decline in consumer confidence in both urban and rural areas in May 2026.
• Consumer sentiment weakened due to concerns regarding inflation, employment conditions, income levels, spending patterns, and overall economic activity.
• The Current Situation Index (CSI) for urban consumers declined to 90.7 in May 2026 from 94.0 in March 2026.
• The fall in the Urban CSI indicates a weaker assessment of the current economic situation by consumers.
• Rural consumer confidence also deteriorated during the survey period.
• The Rural Current Situation Index (CSI) decreased to 95.2 from 100.0 recorded in the previous survey round.
• The decline in the Rural CSI reflects growing concerns among rural households regarding present economic conditions.
• The Future Expectations Index (FEI) for urban consumers fell to 118.7 in May 2026 from 120.2 in March 2026.
• The reduction in the FEI indicates lower optimism among consumers about the economic outlook over the next one year.
• Despite the decline, the FEI remained above 100, suggesting that consumers still maintain a generally positive outlook for future economic conditions.
• The Current Situation Index (CSI) measures consumers’ perception of the present economic environment, while the Future Expectations Index (FEI) reflects expectations regarding the economy in the coming year.

 CURRENT AFFAIRS: NATIONAL AND STATE NEWS

India Introduces Revised Wholesale Price Index (WPI) Series with Base Year 2022-23 and Launches Producer Price Indices (PPIs)

• India has introduced the revised Wholesale Price Index (WPI) series with the base year 2022-23, replacing the earlier 2011-12 series.
• Along with the revised WPI, the government has launched new Producer Price Indices (PPIs), including the Output Producer Price Index (OPPI), Trial Input Producer Price Index (IPPI) and Service Producer Price Indices (Service PPIs).
• The initiative marks a major modernization of India’s inflation measurement framework and aligns with global statistical practices.
• The government aims to gradually transition from WPI to PPIs, which are widely used internationally for measuring producer-level inflation. Both WPI and PPI will be published simultaneously for the next five years.
• The revision follows the recommendations of the International Monetary Fund (IMF) for adopting Producer Price Indices as a better measure of producer inflation.
• The revised WPI has expanded its commodity basket from 697 items to 957 items, providing wider coverage of the Indian economy.
• Renewable energy sources such as solar and wind energy have been included under the Electricity category, while nuclear electricity has been included for the first time.
• Crude petroleum and natural gas have been shifted from the Primary Articles category to the Fuel and Power category for better classification.
• The revised series uses Gross Value of Output (GVO) for assigning weights instead of the earlier Net Traded Value (NTV).
• The methodology has been improved by adopting the Short-Term Formula for elementary indices and the Targeted Mean Imputation Method for handling missing price data, replacing the earlier Carry Forward Method.
• The Output Producer Price Index (OPPI) measures changes in prices received by producers for their goods and services.
• The Trial Input Producer Price Index (IPPI) tracks changes in prices paid by industries for inputs used in production and is currently released on an experimental basis for the manufacturing sector.
• The Service Producer Price Indices (Service PPIs) cover seven major sectors: Banking, Securities Transactions, Insurance, Pension Fund Management, Railways, Air Passenger Transport and Telecommunications.
• As per provisional estimates, WPI inflation increased to 9.68% in May 2026 from 8.26% in April 2026.
• The WPI for All Commodities increased from 108.8 in April 2026 to 109.9 in May 2026.
• Category-wise inflation stood at 4.99% for Primary Articles, 30.33% for Fuel and Power and 7.48% for Manufactured Products.
• The WPI Food Index, comprising Food Articles and Manufactured Food Products, increased to 4.49% in May 2026 from 3.11% in April 2026.
• The OPPI for All Commodities stood at 109.6 in May 2026 compared to 108.6 in April 2026. Sector-wise OPPI stood at 111.9 for Agriculture, Forestry and Fishing, 122.3 for Mining and Quarrying, 109.5 for Manufactured Products and 90.2 for Electricity.
• The linking factors between old and new WPI series are 1.53 for All Commodities, 1.71 for Primary Articles, 1.65 for Fuel and Power and 1.44 for Manufactured Products.
• Users have been advised to exercise caution while comparing the old and revised WPI series due to changes in the commodity basket, weight structure and methodology.

Ministry of Electronics and Information Technology Temporarily Restricts Telegram Access Ahead of NEET (UG) 2026 Re-examination

• The Ministry of Electronics and Information Technology (MeitY) temporarily restricted access to the Telegram messaging platform across India until 22 June 2026.
• The decision was taken ahead of the National Eligibility-cum-Entrance Test (Undergraduate) [NEET (UG)] 2026 re-examination, scheduled to be held, based on recommendations from the National Testing Agency (NTA).
• The restriction was imposed as a preventive measure to protect the integrity, fairness and transparency of the examination process.
• Authorities expressed concerns that Telegram channels and groups could be misused for circulating alleged question papers, answer keys and misleading examination-related information.
• The National Testing Agency (NTA) welcomed the move, stating that it would help create a fair and secure examination environment.
• The government invoked Section 69A of the Information Technology Act, 2000 to impose the temporary restriction on public access to the platform.
• Under the directions issued by MeitY, Telegram access was blocked only for a limited period covering the examination day and the immediate period thereafter.
• Authorities also directed Telegram to disable the message-editing feature for existing messages in India until 30 June 2026.
• The restriction on message editing aims to prevent the misuse of edited messages for spreading false claims or creating fabricated evidence related to examination paper leaks.
• The measure is also expected to assist investigators in verifying the authenticity and timeline of messages linked to examination-related activities.

About Section 69A of the Information Technology Act, 2000:

• It empowers the Central Government to block public access to online information under specific circumstances.
• It can be invoked in the interest of the sovereignty and integrity of India, defence of India, security of the State, friendly relations with foreign States, public order or for preventing incitement to cognizable offences.
• The provision has been used to restrict websites, mobile applications and digital platforms, when necessary, under the law.

About National Testing Agency (NTA):

• Established: 2017
• Parent Ministry: Ministry of Education
• Headquarters: New Delhi

RECENT NEWS

• IndiaAI, the Government of India’s flagship Artificial Intelligence initiative under the Ministry of Electronics and Information Technology (MeitY), has signed a Memorandum of Understanding (MoU) with the Indian Council of Medical Research (ICMR) to promote AI-based healthcare innovation in the country.

19th Mumbai International Film Festival (MIFF) 2026 Begins in Mumbai

• The 19th edition of the Mumbai International Film Festival (MIFF) 2026 commenced in Mumbai, Maharashtra.
• The festival is organised by the National Film Development Corporation (NFDC) under the Ministry of Information and Broadcasting.
• MIFF is one of Asia’s most prestigious film festivals dedicated to non-feature cinema, including documentaries, short fiction films, animation and emerging digital storytelling formats.
• The festival serves as a global platform for documentary filmmakers, animators, short-film creators and emerging storytellers from across the world.
• The inaugural ceremony was held at Ravindra Natya Mandir, Mumbai, with the participation of filmmakers, artists, delegates and industry experts.
• The Mumbai International Film Festival (MIFF) promotes dialogue on social, cultural, environmental and technological issues through the medium of cinema.
• A major focus of MIFF 2026 is the integration of Artificial Intelligence (AI)-based filmmaking and storytelling, highlighting the increasing role of digital technologies in content creation, visual effects and narrative development.
• The festival provides opportunities for filmmakers to showcase their work, interact with audiences, participate in discussions and establish collaborations with industry professionals.

Prominent Dignitaries Present at the Inaugural Ceremony:

• Dr. L. Murugan – Minister of State for Information and Broadcasting
• Chanchal Kumar – Secretary, Ministry of Information and Broadcasting
• Dr. Chandraprakash Dwivedi – Filmmaker and Director
• Ashish Shelar – Maharashtra Minister for Cultural Affairs and Information Technology
• G. Krishnakumar – Chairman, National Film Development Corporation (NFDC)
• Prakash Magdum – Managing Director, National Film Development Corporation (NFDC)
• Kiran Shantaram – Filmmaker and son of veteran filmmaker V. Shantaram
• Ashutosh Gowariker – Film Director
• Jaideep Ahlawat and Sheena Chohan – Actors

About National Film Development Corporation (NFDC):

• Established: 1975
• Headquarters: Mumbai, Maharashtra
• Chairman: G. Krishnakumar
• Managing Director: Prakash Magdum

Navi Mumbai and Guwahati Airports Featured in Prix Versailles World’s Most Beautiful Airports List 2026

• Navi Mumbai International Airport (Terminal 1) and Lokapriya Gopinath Bordoloi International Airport, Guwahati (Terminal 2) have been included in the prestigious Prix Versailles World’s Most Beautiful Airports List 2026.
• The recognition highlights India’s growing emphasis on world-class airport architecture, sustainability and passenger-centric infrastructure.
• The two airport projects developed by Adani Airport Holdings Limited (AAHL) were selected for their excellence in architectural innovation, functionality, sustainability and enhanced passenger experience.
• Prix Versailles is a globally recognised architecture and design award presented annually at the UNESCO Headquarters in Paris, France, since 2015.
• The award honours outstanding contemporary architectural projects across categories such as airports, hotels, museums, campuses, railway stations and sports facilities.
• It promotes intelligent sustainability by combining cultural value, aesthetics and environmental responsibility.
• Navi Mumbai International Airport received recognition for its distinctive lotus-inspired architectural design, incorporating advanced technology, artistic themes and efficient passenger movement systems.
• The airport has been designed as a modern gateway reflecting India’s progress as a major global economic power.
• Lokapriya Gopinath Bordoloi International Airport, Guwahati was recognised for its Bamboo Orchid-inspired Terminal 2, reflecting the biodiversity and cultural identity of Northeast India.
• The terminal integrates sustainable design practices, regional cultural elements, energy-efficient infrastructure and improved passenger comfort.
• Other airports included in the Prix Versailles World’s Most Beautiful Airports List 2026 are located in Guangzhou (China), Frankfurt am Main (Germany), Kandal Stueng (Cambodia), Pittsburgh (United States) and San Diego (United States).
• The shortlisted airports will further compete for the World Titles under categories such as Prix Versailles, Interior and Exterior.
• Modern airports serve as important gateways that promote tourism, trade and investment, with emphasis on sustainability, smart technology, accessibility and cultural integration.

About Prix Versailles:

• Established: 2015
• Headquarters: UNESCO Headquarters, Paris, France
• Purpose: Recognises outstanding contemporary architecture and design projects worldwide

About Assam:

• Capital: Dispur
• Chief Minister: Himanta Biswa Sarma
• Governor: Lakshman Prasad Acharya

RECENT NEWS

• The first ever export of the GI-tagged Tezpur Litchi to Dubai facilitated by the Agricultural and Processed Food Products Export Development Authority (APEDA). This shipment was exported on 7th of June, 2026 from the state of the Assam and it also highlights the growing demand for the India’s premium agricultural products, showcases the export potential of the North Eastern Region of India.

CURRENT AFFAIRS: AWARDS AND HONOURS

Prime Minister Narendra Modi Conferred with Slovakia’s Highest National Honour – Order of the White Double Cross (1st Class)

• Prime Minister Narendra Modi was conferred with The Order of the White Double Cross (1st Class), Slovakia’s highest national honour, during his official visit to Bratislava.
• The award was presented by Slovak President Peter Pellegrini in recognition of Prime Minister Modi’s contribution to strengthening bilateral relations between India and Slovakia.
• The Order of the White Double Cross is Slovakia’s highest state decoration awarded to foreign nationals for exceptional contributions to international relations, cooperation and mutual understanding.
• Accepting the honour, Prime Minister Modi dedicated the award to the people of India and described it as a symbol of the enduring friendship, trust and mutual respect between India and Slovakia.
• The honour marks the 33rd international award conferred upon Prime Minister Narendra Modi by a foreign country.
• The award coincided with the historic first-ever visit by an Indian Prime Minister to Slovakia since the country's independence in 1993.

CURRENT AFFAIRS : APPS & PORTALS

Ayush Ministry Introduces Yoga Park Portal for Creating Wellness-Focused Public Spaces

• The Ministry of Ayush launched the Yoga Park Portal to transform existing parks across India into community wellness hubs promoting yoga, meditation, preventive healthcare, and healthy lifestyles.
• The Yoga Park Portal was launched by the Union Minister of State (Independent Charge) for Ayush, Shri Prataprao Jadhav, during the 25-day countdown event for the International Day of Yoga (IDY) 2026 held at Khajuraho.
• The portal was unveiled alongside the relaunched Yoga Sangam Portal, reflecting the Ministry’s efforts to strengthen the grassroots reach of yoga and create sustainable wellness infrastructure across the country.
• The initiative aims to convert public parks from recreational spaces into permanent community wellness centres that encourage regular yoga practice, meditation, preventive healthcare, and social engagement.
• Stakeholders such as Panchayati Raj Institutions (PRIs), Urban Local Bodies (ULBs), Resident Welfare Associations (RWAs), Non-Governmental Organisations (NGOs), corporate entities, and other institutions can participate in developing and maintaining Yoga Parks.
• The initiative integrates wellness, environmental sustainability, and community participation, making it distinct from conventional infrastructure development projects.
• Proposed facilities in Yoga Parks include dedicated yoga platforms, meditation zones, green landscapes, awareness facilities, and open spaces for group yoga and wellness activities.
• A key feature of the programme is its collaborative implementation model, involving local authorities, community organisations, and yoga institutions for awareness campaigns and regular yoga sessions.
• The initiative encourages participation through Corporate Social Responsibility (CSR), enabling companies to contribute to wellness infrastructure that directly benefits local communities.
• The Ministry of Ayush highlighted that CSR-supported Yoga Parks can create a lasting public health legacy by providing accessible spaces for daily yoga practice, health awareness programmes, and community wellness activities.
• The Yoga Park Portal functions as a digital framework offering guidelines, concept notes, registration mechanisms, and implementation resources for stakeholders across India.
• The initiative aligns with the theme of International Day of Yoga 2026 – “Yoga for Healthy Ageing”, focusing on addressing lifestyle disorders, stress, and age-related health challenges through regular wellness practices.
• Yoga Parks are envisioned as inclusive spaces benefiting children, youth, working professionals, and senior citizens, encouraging physical activity, mindfulness, and social interaction.
• The programme represents a shift from event-based participation to year-round wellness engagement, creating permanent wellness infrastructure beyond annual yoga celebrations.
• The initiative builds upon the success of the International Day of Yoga, which has evolved into one of the world's largest public wellness movements over the past decade.

About Ministry of Ayush :

• Minister of State : Prataprao Ganpatrao Jadhav

CURRENT AFFAIRS : DEFENCE NEWS

Indian Armed Forces Launch Advanced Eye Care Camp Under Operation DRISHTI in Jharkhand

• Operation DRISHTI is a major healthcare outreach and humanitarian initiative undertaken by the Indian Army and Indian Air Force (IAF) to provide advanced eye care services.
• A Mega Advanced Surgical Eye Camp is being conducted at Military Hospital Namkum, Ranchi, Jharkhand, from 15–19 June 2026.
• The camp aims to restore vision and improve the quality of life of more than 200 beneficiaries through free advanced eye surgeries.
• The specialised ophthalmic team is led by Brigadier Dr. Sanjay Kumar Mishra, Consultant and Head, Department of Ophthalmology, Army Hospital (Research & Referral), New Delhi.
• The camp provides advanced ophthalmic procedures including Phacoemulsification for Cataract, Minimally Invasive Glaucoma Surgery (MIGS), and Anti-VEGF Intravitreal Injections for Vitreo-Retinal Diseases.
• Comprehensive eye screening is being conducted for ex-servicemen, serving dependents, and underprivileged civilians.
• To support the mission, world-class medical equipment was airlifted to Ranchi using Indian Air Force service aircraft.
• The initiative enables the delivery of specialised surgical eye care in underserved regions through advanced medical infrastructure. Operation DRISHTI is a flagship programme that combines advanced ophthalmic expertise with humanitarian healthcare services.
• Before Ranchi, the programme successfully conducted 8 Advanced Surgical Eye Camps across India.
• Previous locations of Operation DRISHTI include Leh (Ladakh), Lakshadweep, Bhuj (Gujarat), Kutch (Gujarat), and Bagdogra (West Bengal).
• The initiative focuses on bringing specialised eye care services to remote, border, island, and underserved regions of the country.

Historic Milestone: 17 Women Cadets from National Defence Academy Commissioned as Armed Forces Officers

• The Ministry of Defence (MoD) commissioned the first batch of 17 women cadets trained at the National Defence Academy (NDA) into the Indian Army (IA), Indian Navy (IN), and Indian Air Force (IAF), marking a historic milestone in gender inclusion in India’s Defence Forces.
• The 17 women cadets joined the NDA in August 2022 as part of the 148th Course, becoming the first women batch to undergo tri-service training at National Defence Academy.
• The entry of women into NDA followed the landmark 2021 Supreme Court judgment, which allowed women candidates to appear for NDA examinations and training.
• The Indian Army commissioned 9 women officers during the Passing Out Parade at the Indian Military Academy (IMA).
• The Indian Air Force commissioned 5 women officers at the Air Force Academy (AFA).
• The Indian Navy commissioned 3 women officers at the Indian Naval Academy (INA).
• The Supreme Court (SC) ruled that excluding women from NDA admissions violated the constitutional guarantees of equality under Articles 14 and 16 of the Constitution of India.
• The commissioning reflects India's commitment to equal opportunity, merit-based selection, women’s empowerment, and modernisation of the armed forces.

Indian Army Selects Israeli MEPRO X6 Day Sights for NEGEV Machine Guns; Bharat Electronics Limited Secures Supply Contract

• The Indian Army selected the MEPRO X6 telescopic sight as the dedicated daytime optic for its in-service NEGEV 7.62×51 mm Light Machine Guns (LMGs) on 15 June 2026.
• The programme supports the Make in India and Atmanirbhar Bharat initiatives through indigenous manufacturing under a Transfer of Technology (ToT)
• Meprolight (Israel) signed a Transfer of Technology (ToT) agreement with RRP Defense for local production of the MEPRO X6 in India.
• Bharat Electronics Limited (BEL) serves as the prime contractor for the programme and will procure the sights from RRP Defense.
• The MEPRO X6 is a compact fixed 6x magnification telescopic day sight designed for assault rifles, light machine guns, and other weapon systems.
• The sight has a stated effective range of up to 1,000 metres, while the Indian Army specification requires an operational range of 800 metres.
• Telescopic sights are optical aiming devices that enable long-range target acquisition and improved shooting accuracy compared to traditional iron sights.
• The NEGEV is a family of light machine guns developed by Israel Weapon Industries (IWI).
• The NEGEV 7 is a modernized variant chambered in 7.62×51 mm NATO ammunition.
• In August 2024, the Indian Army ordered 41,000 NEGEV 7.62×51 mm LMGs to replace the ageing INSAS 5.56×45 mm Light Machine Guns.
• Earlier, under Fast Track Procurement (FTP) in 2020, the Indian Armed Forces procured 16,479 NEGEV LMGs on an emergency basis.
• The first batch of 2,000 NEGEV 7.62×51 mm LMGs was delivered in April 2026.
• The NEGEV machine guns are currently manufactured in Gwalior, Madhya Pradesh, by PLR Systems, a subsidiary of the Adani Group.
• PLR Systems has been the local manufacturing partner of Israel Weapon Industries (IWI) in India since 2016.
• Meprolight is a member of the SK Group.
• In July 2024, Meprolight established a new assembly line in India through a cooperation agreement with RRP S4E Innovation Pvt. Ltd.
• The earlier Indian assembly line produced electro-optical sights such as MEPRO MOR, M5, and M21.
• Transfer of Technology (ToT) agreements are important in defence manufacturing as they facilitate local production, technology absorption, and self-reliance in defence systems.

 CURRENT AFFAIRS: MOUS AND AGREEMENT

Tata Consultancy Services Signs Multiyear Digital Transformation Agreement with Canada Life

• Tata Consultancy Services (TCS) signed a multiyear transformation and managed services agreement with Canada Life, a leading life and pensions insurer, to modernise its Information Technology (IT) infrastructure services across its European businesses.
• Under the agreement, TCS will leverage its Artificial Intelligence (AI) and digital capabilities to modernise and manage Canada Life’s data centres, core infrastructure, end-user computing environment and software lifecycle management.
• TCS will deploy its Cognix, an AI-driven managed operations platform, as part of the transformation and service delivery framework.
• As part of the partnership, TCS will expand its infrastructure services talent base across the United Kingdom, Ireland, Isle of Man and Germany, with investments in employee learning, certification and career development.
• The agreement strengthens TCS’s position in Europe’s Banking, Financial Services and Insurance (BFSI) technology services market.
• The partnership also aligns with the European Union’s Digital Operational Resilience Act (DORA), which came into force in January 2025, aimed at enhancing the digital resilience of financial institutions.

About Tata Consultancy Services (TCS):

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

About Canada Life:

• Headquarters: Winnipeg, Manitoba, Canada
• President and Chief Executive Officer (CEO): Fabrice Morin
• Established: 1847
• Industry: Life Insurance and Pensions

Prime Minister Narendra Modi Becomes the First Indian Prime Minister to Visit Slovakia; India-Slovakia Relations Elevated to Comprehensive Partnership

• Prime Minister Narendra Modi paid a historic State Visit to Slovakia at the invitation of Slovak Prime Minister Robert Fico.
• The visit marked the first-ever visit by an Indian Prime Minister to Slovakia since the country gained independence in 1993.
• During the visit, India and Slovakia elevated their bilateral relations to a Comprehensive Partnership, strengthening cooperation across strategic, economic, technological, cultural, trade and investment sectors.
• Both countries agreed to expand collaboration in emerging technologies, innovation, security, education, research and people-to-people exchanges.
• India and Slovakia signed 11 Agreements and Memorandums of Understanding (MoUs) covering labour migration, defence cooperation, digital technologies, higher education, scientific research, healthcare, tourism and cultural exchanges.
• A major achievement was the establishment of the first-ever Indian Council for Cultural Relations (ICCR) Chair in Artificial Intelligence (AI) at the Technical University of Kosice, highlighting the growing cooperation in advanced technologies and academic research.
• The two countries also announced the establishment of a Joint Working Group (JWG) on Counter Terrorism to strengthen bilateral security cooperation.
• A Consular Dialogue Mechanism was also established to enhance diplomatic engagement and facilitate greater people-to-people relations.

Key Agreements Signed Between India and Slovakia:

• Memorandum of Understanding (MoU) on Labour Migration
• Letter of Intent (LoI) on Defence Cooperation
• Memorandum of Understanding (MoU) on Digital Technologies
• Memorandum of Understanding (MoU) on Higher Education and Research
• Memorandum of Understanding (MoU) on Audio-Visual Creation and Cooperation
• Indian Council for Cultural Relations (ICCR) Chair in Artificial Intelligence (AI) at the Technical University of Kosice
• Memorandum of Understanding (MoU) on Quantum Communication and Critical Infrastructure Protection
• Memorandum of Understanding (MoU) between National Institute of Naturopathy, Pune and Slovak Health Spa Piestany
• Cooperation Agreement between Indian Institute of Technology (IIT) Delhi and Slovak Technical University
• Tourism Cooperation between Tour Operators of India and Slovakia
• Scientific Cooperation between Indian National Science Academy (INSA) and Slovak Academy of Sciences (SAS)

About Slovakia:

• Capital: Bratislava
• Currency: Euro
• President: Peter Pellegrini
• Prime Minister: Robert Fico

About Indian Council for Cultural Relations:

• Established: 1950
• Headquarters: New Delhi
• Founder: Maulana Abul Kalam Azad

CURRENT AFFAIRS : ACQUISITIONS & MERGERS

Competition Commission of India Approves TVS Group’s Takeover of PGIM India Asset Management and Trustee Businesses

• The Competition Commission of India (CCI) has approved the proposed combination involving the acquisition of PGIM India Asset Management Private. Limited. and PGIM India Trustees Pvt. Ltd. by TVS Emerald Ltd. and TVS Venu Management and Consultancy Services Pvt. Ltd.
• The proposed transaction involves the acquisition of 100% of the issued, subscribed, and paid-up share capital of the two target entities.
• Acquirers: TVS Emerald Limited and TVS Venu Management and Consultancy Services Private Limited.
• Target Entities: PGIM India Asset Management Private Limited and PGIM India Trustees Private Limited.
• TVS Emerald Limited (including its subsidiaries) is engaged in the real estate development business in India.
• TVS Emerald Limited currently does not have business operations outside India.
• TVS Venu Management and Consultancy Services Pvt. Ltd. currently does not undertake any business activities.
• The target entities operate in the wealth management sector in India.
• The businesses of the target entities include Mutual Funds, Portfolio Management Services (PMS), Alternative Investment Funds (AIFs), and Investment Advisory Services.

CURRENT AFFAIRS : SCIENCE & TECHNOLOGY

Council of Scientific & Industrial Research Licenses Seven Technologies to Industry; Unveils Bharatiya Nirdeshak Documents and Supplies Quantum Sensing Components to DRDO

• The Council of Scientific & Industrial Research (CSIR) organized a Technology Transfer and Bharatiya Nirdeshak Document (BND) Release Function at CSIR Headquarters, New Delhi.
• The programme was jointly organized by CSIR–National Physical Laboratory (CSIR-NPL) and CSIR–Central Road Research Institute (CSIR-CRRI).
• The event witnessed the transfer of 7 technologies to industry, the release of 10 Bharatiya Nirdeshak Dravyas (BNDs), and the handing over of critical quantum sensing components to DRDO.
• A major highlight was the release of 10 Bharatiya Nirdeshak Dravyas (BNDs) consisting of 8 Phytochemical BNDs, 1 Precious Metal BND, and 1 Propane Gas BND.
• Bharatiya Nirdeshak Dravyas (BNDs) provide reference materials and measurement standards for laboratories, industries, and regulatory agencies.
• The BNDs help improve accuracy, traceability, quality assurance, and standardization across various sectors.
• CSIR-NPL handed over 5 Vapor Cells to the Solid-State Physics Laboratory (SSPL), DRDO for quantum sensing applications.
• The transfer of vapor cells marks an important milestone in India’s quantum technology journey and reflects the country's growing capabilities in advanced strategic technologies.
• Rydberg Systems Based Broad Band E-Field Sensing Technology was transferred to Nostradamus Technologies Private Limited, Hyderabad, Telangana.
• High-Volume PM2.5 Impactor Sampler Technology was transferred to Engineering and Environmental Solutions Private Limited, Aligarh, Uttar Pradesh.
• Environment-Friendly and Scalable Process for Recycling Pharmaceutical Blisters (PBs) and Allied Packaging Wastes was transferred to GM Industries, New Delhi.
• VInSD-VAIU (Drone-Based NDT System for Bridges) was transferred to Dronix Technologies Private Limited (Aero360), Chennai, Tamil Nadu.
• PAVE-SEAL (Air-Cleaning Nano Photocatalytic Pave Sealing Emulsion) was transferred to Ashita Renewables, Muzaffarnagar, Uttar Pradesh.
• PATCHFILL (Pothole Repair Machine) was transferred to Petrochem Specialities, Muzaffarnagar, Uttar Pradesh.
• CLARIVISOR (Glare Mitigation Device) was transferred to Intelligent Diagnosis LLP, Gurugram, Haryana.

United States Launches Operational Phase of SOLAR-1 Space Weather Observation Mission

• The United States (US) activated SOLAR-1 (Space Weather Observations at L1 to Advance Readiness–1), the country's first dedicated space weather monitoring satellite designed exclusively for continuous operational space weather observation.
• SOLAR-1 is operated by the National Oceanic and Atmospheric Administration (NOAA) and provides faster warnings of solar storms that can disrupt GPS, communication networks, satellites, power grids, and space missions.
• The satellite was originally named Space Weather Follow-On–Lagrange 1 (SWFO-L1) and was later renamed SOLAR-1.
• SOLAR-1 was launched on 24 September 2025 aboard a SpaceX Falcon 9 rocket and became fully operational after completing an eight-month testing and commissioning phase.
• The satellite is positioned at the Sun–Earth Lagrange Point 1 (L1), located about 6 million kilometres from Earth toward the Sun, enabling an uninterrupted and continuous view of solar activity.
• The L1 point provides a gravitationally stable location, allowing the spacecraft to maintain its position with minimal fuel consumption.
• SOLAR-1 continuously monitors solar wind and tracks Coronal Mass Ejections (CMEs) before they reach Earth, helping scientists assess potential impacts on Earth's technological infrastructure.
• The satellite is equipped with a compact coronagraph telescope along with advanced instruments that perform real-time measurements of solar wind and solar activity.
• A major feature of SOLAR-1 is its ability to transmit CME images and space weather data to NOAA’s Space Weather Prediction Center (SWPC) within 30 minutes.
• This represents a significant improvement over older systems, which could take up to 8 hours to deliver similar observations.
• The mission is expected to enhance aurora forecasting, improve space weather prediction accuracy, and strengthen protection for navigation systems, communication networks, power infrastructure, satellites, and human spaceflight missions.
• SOLAR-1 serves as the first US satellite dedicated exclusively to operational space weather monitoring, marking a major advancement in space-weather preparedness and resilience.

Tata Advanced Systems Limited and Airbus Fly First Locally Manufactured C295 Military Transport Aircraft

• Tata Advanced Systems Limited (TASL) and Airbus SE successfully completed the first test flight of India’s first domestically manufactured Airbus C295 military transport aircraft from the Final Assembly Line (FAL) at Vadodara, Gujarat.
• The achievement marks India’s first large-scale private-sector military aircraft manufacturing programme, strengthening the country's Aatmanirbhar Bharat and defence manufacturing capabilities.
• The project is being executed under a ₹21,935-crore Ministry of Defence (MoD) contract for the supply of 56 Airbus C295 aircraft to the Indian Air Force (IAF).
• Under the contract, 16 aircraft will be delivered in fly-away condition from Spain, while 40 aircraft will be assembled in India at the Vadodara facility.
• The delivery schedule begins in 2026 and is expected to be completed by 2031.
• The C295 India Programme aims to replace the ageing Avro-748 transport aircraft fleet and gradually phase out the Antonov An-32 fleet of the IAF.
• The programme is designed to enhance indigenous aerospace manufacturing, generate employment, develop a domestic supply chain, and support military as well as humanitarian missions.
• The project is being implemented through a partnership between Airbus Defence & Space and TASL at the Tata Aircraft Complex Final Assembly Line (FAL) in Vadodara, Gujarat.
• The Tata Aircraft Complex was inaugurated on 28 October 2024 by Narendra Modi and Pedro Sánchez.

Oil India Limited Collaborates with Canada’s Petroleum Technology Research Centre to Explore Carbon Capture, Utilisation and Storage and Sustainable Energy Solutions

• Oil India Limited (OIL), a “Maharatna” Central Public Sector Enterprise (CPSE) under the Ministry of Petroleum and Natural Gas (MoPNG), signed a collaboration framework agreement with the Petroleum Technology Research Centre (PRTC), Canada to advance clean energy technologies.
• The agreement was formalized during the Global Energy Show 2026 held in Calgary, Canada, with the objective of strengthening India–Canada energy cooperation.
• The partnership will focus on key areas such as Carbon Capture, Utilisation and Storage (CCUS), Geothermal Energy, and Subsurface Energy Technologies.
• The collaboration also includes mc2+, an Indian startup platform supported by MoPNG, to promote innovation and accelerate the adoption of emerging clean-energy technologies.
• Under the agreement, both organizations will work on the utilisation and permanent storage of captured Carbon Dioxide (CO₂) through Geological Sequestration and Mineralization techniques.
• The framework also provides for the development of Enhanced Oil Recovery (EOR) methods to improve hydrocarbon extraction while supporting sustainability goals.
• Oil India Limited (OIL) and PRTC will explore new business opportunities in India and Canada through industry partnerships, research collaborations, and technology networks.
• Both entities will evaluate the feasibility of Geothermal Energy Projects, contributing to the diversification of clean and renewable energy sources.
• Joint research activities will be undertaken through OIL and PRTC’s Energy Innovation Hub in the field of Subsurface Energy Production and Storage Technologies.

Indian Institute of Technology Madras Launches ANCHOR, an Advanced 3D Atlas of the Human Brainstem

• The Indian Institute of Technology Madras (IIT Madras) released ANCHOR (Atlas of Neurochemical Characterization of the Human Brainstem with 3D Reconstruction), recognized as the world’s most detailed 3D atlas of the human brainstem.
• ANCHOR has been developed by the Sudha Gopalakrishnan Brain Centre (SGBC) at IIT Madras and represents the most comprehensive multi-modal 3D mapping and atlas of the human brainstem created so far.
• The atlas covers brain development across multiple stages, ranging from the prenatal period to childhood and adult brains, providing an extensive understanding of brainstem structure and organization.
• ANCHOR maps more than 200 brainstem nuclei and fiber tracts, reconstructed from hundreds of serial brain sections, offering unprecedented anatomical and neurochemical detail.
• The atlas utilizes a multimodal framework integrating Magnetic Resonance Imaging (MRI), histology, and detailed chemo-architecture for highly accurate brain mapping.
• It has been reconstructed using eight complementary immunostains overlaid across more than 500 brain sections, enabling exceptionally detailed visualization and analysis.
• ANCHOR allows researchers to zoom nearly 1,000 times closer than conventional MRI, making it possible to examine brain cells at the micron level.
• The atlas serves as a navigational map of the human brain, helping scientists explore neural networks, cellular clusters, and brainstem architecture with remarkable precision.
• It enables researchers to study how the human brain changes and develops from the fetal stage through adulthood and ageing.
• The atlas is expected to significantly advance research into neurodegenerative and neurological disorders by helping identify how diseases affect specific brain regions.
• ANCHOR may assist clinicians and neuroscientists in achieving earlier detection and better understanding of neurodegenerative diseases, improving future diagnostic and therapeutic approaches.

CURRENT AFFAIRS: SPORTS NEWS

Bengaluru’s Srishti Kiran Becomes World No. 1 in Under-13 Category of International Tennis Federation Junior World Rankings

• Srishti Kiran from Bengaluru, Karnataka became the World No. 1 in the Under-13 category of the International Tennis Federation (ITF) Junior World Rankings.
• She achieved the feat after winning five consecutive ITF junior titles and finishing as the runner-up at the ITF World Tennis Tour Juniors J100 Guatemala.
• The 13-year-old reached a career-high ITF junior ranking of No. 357, which is the highest ranking achieved among Under-13 players globally.
• She attained this milestone by competing in only eight ranking tournaments, two fewer than the maximum 10 tournaments considered for the ITF junior rankings.
• Her achievement highlights her exceptional consistency and rapid rise in international junior tennis.

About International Tennis Federation (ITF):

• Established: 1913
• Headquarters: London, United Kingdom
• President: David Haggerty

Smriti Mandhana Becomes the Only Indian in TIME100 Most Influential People in Sports 2026

• Indian women’s cricket vice-captain Smriti Mandhana has been included in the TIME100 Most Influential People in Sports 2026 list, becoming the only Indian to feature in this prestigious global ranking.
• The annual TIME100 Sports List recognises athletes, coaches, executives, investors and advocates who are shaping the future of global sports.
• In the 2026 edition, Mandhana featured alongside global sporting icons such as Lionel Messi, Cristiano Ronaldo, LeBron James, Carlos Alcaraz and Temba Bavuma.
• Her inclusion reflects the rising global recognition and popularity of women’s cricket.
• Smriti Mandhana became the first Indian woman cricketer to score a double century in a domestic one-day match.
• She is also the first Indian woman to score centuries in all three international formats — Test, ODI and T20I cricket.
• Mandhana jointly holds the record for the most centuries in women’s international cricket with 17 international hundreds.
• She became the first woman cricketer to score more than 1,000 ODI runs in a single calendar year.
• In 2024, she recorded the highest number of international runs scored by a woman cricketer across all formats in a calendar year and surpassed her own record again in 2025.
• In 2026, Mandhana became India’s highest run-scorer in T20 International cricket across both men’s and women’s categories.
• As captain of the Royal Challengers Bengaluru, she guided the team to Women’s Premier League (WPL) titles in 2024 and 2026.
• She also served as vice-captain of India’s ICC Women’s Cricket World Cup-winning team in 2025, finishing as India’s highest run-scorer in the tournament with 434 runs.
• Smriti Mandhana received the BBC Indian Sportswoman of the Year Award 2025 for her outstanding contribution to Indian sports.

About TIME Magazine:

• Founded: 1923
• Headquarters: New York City, United States
• Founder: Henry Luce and Briton Hadden

CURRENT AFFAIRS: IMPORTANT DAYS

Autistic Pride Day 2026 Observed on 18 June

• Autistic Pride Day 2026 is observed globally on 18 June to raise awareness about autism and promote acceptance, inclusion and understanding of autistic individuals.
• The day emphasizes that autism is a condition and a form of neurodiversity, not a disease, encouraging society to view autism as a difference rather than a disorder.
• The concept of “Autistic Pride” promotes respect for autistic identity and highlights the strengths, abilities and unique perspectives of autistic people.
• Autistic Pride Day was established in 2005 by Aspies For Freedom (AFF), an autism advocacy and solidarity organization.
• The observance aims to celebrate the similarities and differences among people with autism while promoting equal rights and opportunities.
• Since its inception, the day has grown into a global movement and is observed through awareness campaigns, community events and online initiatives.
• Aspies For Freedom (AFF) works to increase public awareness of the autism rights movement and advocates for greater social acceptance of autistic individuals.
• The organization promotes the view that autism can present both challenges and strengths and should not be regarded solely as a disability.

CURRENT AFFAIRS : OBITUARIES

Padma Shri Awardee and Former Asian Games Gold Medallist Jaspal Rana Passed Away

• Padma Shri Jaspal Rana, renowned Indian shooting coach, former Asian Games gold medallist, and one of India’s most successful pistol shooters, passed away at the age of 49 in New Delhi.
• Jaspal Rana was born in 1976 in Uttarakhand and built a remarkable legacy in Indian shooting spanning more than three decades.
• He was a dominant force in international pistol shooting during the 1990s and 2000s, becoming one of the most decorated shooters in the country.
• The Government of India conferred the Padma Shri on Jaspal Rana in 2002 in recognition of his outstanding contribution to sports and shooting.
• After retirement, Jaspal Rana continued to serve Indian shooting as a coach and mentor, contributing significantly to the development of young talent.
• He served as Junior National Coach in 2012 and was appointed India’s High-Performance Pistol Coach in 2025 by the National Rifle Association of India.
• As a coach, he mentored prominent Indian shooters including Manu Bhaker and Saurabh Chaudhary.
• Jaspal Rana played a crucial role in Manu Bhaker’s success at the Paris 2024 Olympics, where she won two bronze medals.
• His mentorship and technical guidance were widely credited for strengthening India’s performance in international shooting competitions.
• Jaspal Rana received the prestigious Arjuna Award in 1994 for excellence in shooting.
• He was also honoured with the Dronacharya Award in 2020 for his exceptional contribution as a coach.

Renowned British Contemporary Artist David Hockney passed away at 88 in London

• David Hockney, one of the most celebrated British contemporary artists, passed away on 11 June 2026 at his home in London at the age of 88.
• He was born on 9 July 1937 in Bradford, West Yorkshire, England.
• David Hockney was regarded as a leading figure in Contemporary Art and played a major role in shaping modern artistic expression across the 20th and 21st centuries.
• He was among the pioneers of the 1960s Pop Art Movement, which emerged as an influential art movement in post-war Britain and the United States.
• His artistic career spanned more than seven decades, making him one of the longest-serving and most influential artists of modern times.
• Hockney became internationally famous for his vibrant swimming pool paintings, colourful California landscapes, and innovative visual compositions.
• Throughout his career, he worked across multiple artistic mediums, including painting, collage, photography, digital art, and iPad drawings.
• He was widely recognized for creating a unique and instantly identifiable visual language, which made his works easily distinguishable worldwide.
• Hockney's work was inspired by diverse locations, including Yorkshire, Europe, and California, helping his art gain global recognition.
• He was described as a “true titan of British art” by Lisa Nandy, highlighting his immense contribution to the cultural landscape of the United Kingdom.

Daily CA One- Liner: June 18

• Securities and Exchange Board of India (SEBI) has revised the trading framework for Exchange Traded Funds (ETFs) by introducing dynamic price bands, a new base price determination methodology, and a pre-open call auction mechanism.
• The Reserve Bank of India (RBI) released its latest Consumer Confidence Survey, which showed a decline in consumer confidence in both urban and rural areas in May 2026.
• The Ministry of Ayush launched the Yoga Park Portal to transform existing parks across India into community wellness hubs promoting yoga, meditation, preventive healthcare, and healthy lifestyles.
• Operation DRISHTI is a major healthcare outreach and humanitarian initiative undertaken by the Indian Army and Indian Air Force (IAF) to provide advanced eye care services.
• The Ministry of Defence (MoD) commissioned the first batch of 17 women cadets trained at the National Defence Academy (NDA) into the Indian Army (IA), Indian Navy (IN), and Indian Air Force (IAF), marking a historic milestone in gender inclusion in India’s Defence Forces.
• The Indian Army selected the MEPRO X6 telescopic sight as the dedicated daytime optic for its in-service NEGEV 7.62×51 mm Light Machine Guns (LMGs) on 15 June 2026.
• The Competition Commission of India (CCI) has approved the proposed combination involving the acquisition of PGIM India Asset Management Private. Limited. and PGIM India Trustees Pvt. Ltd. by TVS Emerald Ltd. and TVS Venu Management and Consultancy Services Pvt. Ltd.
• The Council of Scientific & Industrial Research (CSIR) organized a Technology Transfer and Bharatiya Nirdeshak Document (BND) Release Function at CSIR Headquarters, New Delhi.
• The United States (US) activated SOLAR-1 (Space Weather Observations at L1 to Advance Readiness–1), the country's first dedicated space weather monitoring satellite designed exclusively for continuous operational space weather observation.
• Tata Advanced Systems Limited (TASL) and Airbus SE successfully completed the first test flight of India’s first domestically manufactured Airbus C295 military transport aircraft from the Final Assembly Line (FAL) at Vadodara, Gujarat.
• Oil India Limited (OIL), a “Maharatna” Central Public Sector Enterprise (CPSE) under the Ministry of Petroleum and Natural Gas (MoPNG), signed a collaboration framework agreement with the Petroleum Technology Research Centre (PRTC), Canada to advance clean energy technologies.
• The Indian Institute of Technology Madras (IIT Madras) released ANCHOR (Atlas of Neurochemical Characterization of the Human Brainstem with 3D Reconstruction), recognized as the world’s most detailed 3D atlas of the human brainstem.
• Padma Shri Jaspal Rana, renowned Indian shooting coach, former Asian Games gold medallist, and one of India’s most successful pistol shooters, passed away at the age of 49 in New Delhi.
• David Hockney, one of the most celebrated British contemporary artists, passed away on 11 June 2026 at his home in London at the age of 88.
• India has introduced the revised Wholesale Price Index (WPI) series with the base year 2022-23, replacing the earlier 2011-12 series
• The Ministry of Electronics and Information Technology (MeitY) temporarily restricted access to the Telegram messaging platform across India until 22 June 2026
• The 19th edition of the Mumbai International Film Festival (MIFF) 2026 commenced in Mumbai, Maharashtra
• Navi Mumbai International Airport (Terminal 1) and Lokapriya Gopinath Bordoloi International Airport, Guwahati (Terminal 2) have been included in the prestigious Prix Versailles World’s Most Beautiful Airports List 2026.
• Prime Minister Narendra Modi was conferred with The Order of the White Double Cross (1st Class), Slovakia’s highest national honour, during his official visit to Bratislava
• Tata Consultancy Services (TCS) signed a multiyear transformation and managed services agreement with Canada Life, a leading life and pensions insurer, to modernise its Information Technology (IT) infrastructure services across its European businesses
• Prime Minister Narendra Modi paid a historic State Visit to Slovakia at the invitation of Slovak Prime Minister Robert Fico
• Srishti Kiran from Bengaluru, Karnataka became the World No. 1 in the Under-13 category of the International Tennis Federation (ITF) Junior World Rankings
• Autistic Pride Day 2026 is observed globally on 18 June to raise awareness about autism and promote acceptance, inclusion and understanding of autistic individuals