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CURRENT AFFAIRS : BANKING, FINANCE & BUSINESS

National Stock Exchange of India Limited and Bharat Metal Exchange Partner to Boost Non-Ferrous Metal Derivatives Market in India

• The National Stock Exchange of India Limited (NSE) signed a Memorandum of Understanding (MoU) with Bharat Metal Exchange (BME) to promote the development and adoption of non-ferrous metal derivatives in India.
• Bharat Metal Exchange (BME) was formerly known as Bombay Metal Exchange Limited.
• The partnership aims to strengthen price risk management and enhance the derivatives ecosystem for non-ferrous metals in India.
• The primary objective of the MoU is to increase market participation in the non-ferrous metals derivatives segment.
• The collaboration seeks to develop efficient hedging tools for participants in the metal industry.
• Another key objective is to promote awareness and usage of exchange-traded derivatives in the non-ferrous metals sector.
• The partnership focuses on major non-ferrous metals including Copper (Cu), Aluminium (Al), Zinc (Zn), Lead (Pb), and Nickel (Ni).
• These metals play a crucial role in India's industrial, manufacturing, and infrastructure sectors.
• The collaboration will facilitate engagement with producers, consumers, processors, traders, importers, and exporters.
• It will also involve participation from industry associations and financial market participants.
• The initiative aims to encourage wider adoption of exchange-based risk management solutions across the metal value chain.
• The partnership is expected to bridge the gap between the physical metals market and the derivatives market.
• The collaboration will help improve liquidity, transparency, and market efficiency in India's non-ferrous metals ecosystem.

About National Stock Exchange of India Limited :

• Founded : 27 November 1992
• Location : Mumbai, Maharashtra
• MD & CEO : Ashishkumar Chauhan

International Finance Corporation Commits USD 371 Million to Sify Infinit Spaces for AI-Ready Green Data Centre Expansion in India

• The International Finance Corporation (IFC), the private-sector arm of the World Bank Group (WBG), pledged USD 371 million to Sify Infinit Spaces Limited (SISL).
• Sify Infinit Spaces Limited (SISL) is a wholly-owned subsidiary of Sify Technologies Limited.
• The funding aims to support the development of Artificial Intelligence (AI)-ready and energy-efficient Data Centre (DC) infrastructure in India.
• The total financing package amounts to USD 371 million.
• Out of the total commitment, IFC will provide USD 71 million as a loan, equivalent to approximately ₹675 crore.
• The remaining up to USD 300 million will be mobilized from other lenders.
• The financing has been structured as a sustainability-linked financing package.
• Under the project, Sify will establish two next-generation Data Centres (DCs) in Navi Mumbai, Maharashtra, and Chennai, Tamil Nadu.
• The proposed facilities will be developed in accordance with Indian Green Building Council (IGBC) Platinum Standards.
• The Data Centres will provide secure, reliable, and energy-efficient digital infrastructure services.
• Key beneficiary sectors include banking, media, e-commerce, and other digital-intensive industries.
• The two Data Centres are expected to have a combined capacity of 103 Mega-Watt (MW).
• The facilities are specifically designed to support Artificial Intelligence (AI) workloads and advanced computing requirements.
• International Finance Corporation (IFC) is a member of the World Bank Group (WBG).
• IFC is the largest global development institution focused exclusively on the private sector in emerging markets.

Recent News :

• In June 2026, The International Finance Corporation (IFC), the private-sector investment arm of the World Bank Group, along with global investors, committed a total investment of approximately USD 105 million in Hygenco Green Energies Private Limited.

About International Finance Corporation :

• Formation : July 20, 1956
• Headquarters : Washington, D.C., United States
• Managing Director : Makhtar Diop
• Members : 186 countries

World Bank Sanctions ₹4,000 Crore Funding for Haryana’s Jal Sanrakshit Haryana Water Conservation Project

• The World Bank approved a ₹4,000 crore loan for Haryana's ‘Jal Sanrakshit Haryana’ Project, aimed at making the state water-secure and self-reliant in the water sector.
• The total cost of the Jal Sanrakshit Haryana Project is ₹5,714 crore.
• The project will be implemented in phases from 2026 to 2032.
• The initiative focuses on improved water management, water conservation, and efficient water distribution across Haryana.

Key Highlights :

• The project covers 15 clusters spread across 48.94 lakh acres of land in Haryana.
• Village-level Water Committees will be formed to participate in the development and maintenance of water channels.
• A dedicated maintenance fund will be created for water channels with financial support from the Haryana Government.
• The project includes the rehabilitation of the remaining 678 canals across Haryana.
• Out of the 678 canals, 106 canals will be rehabilitated with World Bank assistance at a cost of ₹2,484.87 crore.
• 293 canals will be restored through State Government funding at a cost of ₹2,230 crore.
• 279 canals will be rehabilitated under projects supported by the National Bank for Agriculture and Rural Development (NABARD).
• The programme will rehabilitate 620 water channels, benefiting approximately 18 lakh acres of agricultural land.
• A total of 120 canal-based micro-irrigation projects will be upgraded under the initiative.
• The upgraded micro-irrigation projects will extend irrigation benefits to nearly 56,830 acres.
• The project includes the reclamation of about 2 lakh acres of waterlogged land.
• It promotes Direct Seeded Rice (DSR) cultivation on 5 lakh acres.
• The initiative also supports crop diversification on around 12 lakh acres.
• To strengthen groundwater recharge, 147 water bodies will be developed.
• The water bodies will be developed in seven districts: Bhiwani, Jind, Kaithal, Mahendragarh, Rewari, Charkhi Dadri, and Sirsa.
• The project promotes the reuse of treated wastewater from major Sewage Treatment Plants (STPs) in Jind, Kaithal, and Dhanwapur (Gurugram) for irrigation purposes.
• The wastewater reuse initiative will cover nearly 28,000 acres at an estimated cost of ₹282.13 crore.
• The World Bank praised Haryana’s efforts in water resource management and termed the programme a transformational initiative.
• The project aims to rehabilitate and modernise all canals in Haryana, strengthen irrigation infrastructure, and ensure sustainable water availability for future generations.
• Jal Sanrakshit Haryana Project is one of the largest water conservation and irrigation modernization initiatives undertaken by Haryana to enhance water security, agricultural productivity, and sustainable resource management.

Recent news :

• In June 2026, The World Bank’s Board of Executive Directors approved $1.5 billion financing for India to support structural reforms for private sector-led job creation and economic growth.

CURRENT AFFAIRS : INTERNATIONAL NEWS

15 Countries Adopt Mombasa Declaration to Strengthen Global Fight Against Illegal Fishing

• The Mombasa Declaration was adopted by 15 countries from Africa, Asia, Europe, the Caribbean, and the Pacific to strengthen global efforts against Illegal, Unreported and Unregulated (IUU) Fishing.
• The declaration was adopted during the 11th Our Ocean Conference held in Mombasa, Kenya.
• The primary objective of the Mombasa Declaration is to improve transparency, accountability, and international cooperation in fisheries governance.
• The declaration calls on governments to improve access to information regarding fishing vessels, vessel ownership, licensing, and fishing activities.
• It also emphasizes strengthening data-sharing mechanisms to improve monitoring, tracking, and enforcement of fisheries regulations.
• The declaration supports the Global Charter for Fisheries Transparency, which contains 10 policy principles aimed at improving fisheries governance.
• Key reforms promoted under the charter include modernizing vessel registries and publishing fishing authorizations.
• Illegal, Unreported and Unregulated (IUU) Fishing is estimated to cost the global economy up to US$50 billion annually.
• IUU fishing poses serious threats to food security, coastal livelihoods, marine resources, and labor rights.
• The declaration was signed by Belgium, Cameroon, Chile, Dominican Republic, France, Gambia, Ghana, Guinea, Liberia, Panama, Papua New Guinea, Peru, Republic of the Congo, Somalia, and South Korea.
• Organizers have invited additional countries to sign the declaration before the 12th Our Ocean Conference, scheduled for Spring 2027.
• The 11th Our Ocean Conference marked the first time the forum was hosted on African soil.
• The Our Ocean Conference was launched in 2014 by John Kerry.
• The conference serves as a major global platform focusing on Marine Protected Areas (MPAs), Sustainable Fisheries, Climate Change, Maritime Security, and Marine Pollution.

 CURRENT AFFAIRS: NATIONAL AND STATE NEWS

North East’s Largest Organic Spice Processing Unit Inaugurated in Meghalaya

• Union Finance Minister Nirmala Sitharaman and Minister of Corporate Affairs, along with Conrad K. Sangma, Chief Minister of Meghalaya, and Prem Singh Tamang, Chief Minister of Sikkim, inaugurated the North East’s largest organic spice processing unit at Lumdaitkhla, Bhoirymbong, Ri-Bhoi District, Meghalaya.
• The facility has been established with an investment of approximately ₹32 crore.
• The project has been implemented by the Eastern Ri-Bhoi Organic Farmer Producer Company Limited (FPC), a farmer-owned enterprise.
• The unit has been set up under the Mission Organic Value Chain Development for North Eastern Region (MOVCD-NER).
• The project received support under:
• Mission for Integrated Development of Horticulture (MIDH)
• Mission Organic Value Chain Development for North Eastern Region (MOVCD-NER)
• Meghalaya Government schemes
• International Fund for Agricultural Development (IFAD)-supported initiatives
• The processing unit is certified under:
• National Programme for Organic Production (NPOP)
• European Union (EU) Organic Standards
• The certifications will enable direct access to premium domestic and international organic markets.
• The facility is expected to benefit around 5,500 organic farmers in the region.
• It has the capacity to process more than 10,000 metric tonnes (MT) of organic spices annually.
• Major spices processed at the facility include:
• Lakadong Turmeric
• Ginger
• Black Pepper
• Chilli

About Meghalaya:

• Capital: Shillong
• Chief Minister: Conrad Kongkal Sangma
• Governor: C. H. Vijayashankar
• National Parks: Nokrek National Park, Balphakram National Park
• Wildlife Sanctuaries: Nongkhyllem Wildlife Sanctuary, Siju Wildlife Sanctuary, Baghmara Pitcher Plant Wildlife Sanctuary, Narpuh Wildlife Sanctuary, Balpakram Baghmara Biosphere Reserve

About Sikkim:

• Chief Minister: Prem Singh Tamang
• Governor: Om Prakash Mathur
• Capital: Gangtok
• National Parks: Khangchendzonga National Park
• Wildlife Sanctuaries: Fambong Lho Wildlife Sanctuary, Kyongnosla Alpine Sanctuary, Maenam Wildlife Sanctuary

RECENT NEWS

• The Sikkim State Police has been awarded the prestigious President of India’s Police Colour. It is one of the highest honors to be given to police force in the country. Honorable President Droupadi Murmu presented the honour at a special ceremony in Gangtok

Ministry of Petroleum and Natural Gas Approves ₹150 Crore for India’s First Private Hybrid Second-Generation Ethanol Biorefinery

• The Ministry of Petroleum and Natural Gas (MoPNG) approved ₹150 crore financial assistance for India's first private-sector 91 Kilo Litres Per Day  (KLPD) Hybrid Second-Generation (2G) Ethanol Biorefinery at Wave Sugar, Dhanaura, Uttar Pradesh.
• The financial assistance has been approved through the Centre for High Technology (CHT) under the Pradhan Mantri JI-VAN (Jaiv Indhan-Vatavaran Anukool Fasal Awashesh Nivaran) Yojana.
• The project aims to support commercial-scale production of Second-Generation (2G) Ethanol from agricultural residues such as bagasse and crop stalks.
• The integrated biorefinery will convert underutilized biomass waste into clean transportation fuel, helping reduce stubble burning and environmental pollution.
• The project will combine:
• Biomass gasification technology.
• Advanced gas fermentation technology.
• Ankur Scientific will provide the biomass gasification technology that converts biomass into synthesis gas (syngas), consisting mainly of carbon monoxide, hydrogen and carbon dioxide.
• LanzaTech's gas fermentation platform will convert gaseous carbon into ethanol using naturally occurring microorganisms.
• Spray Engineering Devices Limited (SED) will undertake the engineering, procurement and construction (EPC) work and thermal integration of the project.
• The project will also create opportunities for the production of:
• Green chemicals
• Sustainable Aviation Fuel (SAF) intermediates
• Other renewable bio-based products
• The initiative will strengthen India's bioeconomy, promote clean energy and support the Ethanol Blended Petrol (EBP) Programme.

About Pradhan Mantri JI-VAN Yojana

• Launched: March 2019
• Ministry: Ministry of Petroleum and Natural Gas
• The scheme promotes advanced Second-Generation (2G) Biofuel projects using non-food biomass and agricultural residues.
• It supports the Ethanol Blended Petrol (EBP) Programme and addresses environmental concerns such as stubble burning.
• In 2024, the scheme's implementation period was extended by five years up to Financial Year 2028-29.
• The scheme provides Viability Gap Funding (VGF) for advanced biofuel projects.
• Financial support includes:
• Up to ₹150 crore or 20% of project cost (whichever is lower) for commercial-scale projects.
• Up to ₹15 crore per project for demonstration-scale projects.

About Ministry of Petroleum and Natural Gas

• Union Minister: Hardeep Singh Puri
• Minister of State: Suresh Gopi
• Headquarters: New Delhi

CURRENT AFFAIRS: MOUS AND AGREEMENT

Indian Institute of Tropical Meteorology and Aryabhatta Research Institute of Observational Sciences Sign Memorandum of Understanding for Climate Observation Station in Himalayan Region

• The Indian Institute of Tropical Meteorology (IITM), Pune, Maharashtra, signed a Memorandum of Understanding (MoU) with the Aryabhatta Research Institute of Observational Sciences (ARIES), Nainital, Uttarakhand, to establish a long-term climate observation station under the Bharat Climate Observation Network (BCON).
• The MoU was signed on 18 June 2026 through online mode by A. Suryachandra Rao, Director of IITM, and Manish Kumar Naja, Director of ARIES.
• The proposed BCON Climate Observation Station will be established at Devasthal, Nainital district, Uttarakhand.
• The agreement has a validity of more than 50 years, making it a significant long-term initiative for climate and atmospheric research.
• The project aims to strengthen climate monitoring and scientific research under Mission Mausam, an initiative of the Ministry of Earth Sciences (MoES).
• The station will conduct long-term monitoring of:
• Meteorological parameters
• Greenhouse gases
• Short-lived climate forcers
• Atmospheric chemistry
• Soil moisture
• The data generated from the station will support climate change studies and improve understanding of the Himalayan ecosystem.
• The observations will help validate Earth System Models (ESMs) and enhance the Indian Institute of Tropical Meteorology Earth System Model (IITM-ESM) for more accurate climate projections.
• The initiative is expected to strengthen India's climate forecasting, monitoring and research capabilities.

About Aryabhatta Research Institute of Observational Sciences (ARIES)

• Location: Nainital, Uttarakhand
• Parent Department: Department of Science and Technology (DST)
• Director: Manish Kumar Naja
• Established: 1954

CURRENT AFFAIRS : APPOINTMENTS & RESIGNATIONS

CRED Founder Kunal Shah Appointed to Head WhatsApp’s Global Operations at Meta

• Kunal Shah, Founder of CRED, reportedly joined Meta Platforms Inc. and was appointed to lead WhatsApp globally.
• Following his appointment at Meta, Kunal Shah stepped away from his operational role as the Chief Executive Officer (CEO) of CRED.
• Meta Platforms Inc. remains a minority investor in CRED and does not have access to CRED user data.
• Miten Sampat, who has been leading strategy and finance at CRED since 2020, was appointed as the Interim CEO of CRED.
• Kunal Shah is a prominent Indian entrepreneur and investor known for his contributions to India's fintech ecosystem.
• He is the Founder and former CEO of CRED, a Bengaluru-based fintech company.
• Before CRED, Kunal Shah founded FreeCharge, one of India's early digital payments platforms.
• FreeCharge was later acquired by Snapdeal.
• After exiting FreeCharge, Kunal Shah launched CRED with an initial investment of USD 1 million.
• Between 2019 and 2025, CRED grew to approximately 17 million users.
• During the same period, CRED raised more than USD 900 million in funding.
• CRED expanded its operations into payments, lending, insurance, commerce, wealth management, and credit services.
• The company also undertook multiple Employee Stock Ownership Plan (ESOP) buybacks and obtained important regulatory licences.
• In 2026, CRED achieved its first profitable quarter, marking a significant financial milestone.
• The company raised USD 900 million from Meta and announced its fifth ESOP buyback.

CURRENT AFFAIRS : DEFENCE NEWS

Raksha Rajya Mantri Sanjay Seth Chairs 15th Defence Information Technology Consultative Committee Meeting in New Delhi

• Raksha Rajya Mantri Sanjay Seth chaired the 15th meeting of the Defence Information Technology Consultative Committee (DITCC) on 23 June 2026 in New Delhi.
• The meeting was conducted by the Headquarters Integrated Defence Staff (HQ IDS).
• A key focus of the meeting was Aatma-Nirbharta (Self-Reliance) in Information Technology (IT) and the time-bound adoption of cutting-edge technologies.
• Subject Matter Experts (SMEs) deliberated on important policy decisions related to the use of disruptive technologies in Defence Services amid the changing nature of warfare.
• The Committee discussed the changing paradigm of warfare and the increasing role of advanced digital technologies in defence preparedness.
• Members deliberated on the indigenisation of advanced chip manufacturing for strengthening India's technological self-reliance.
• The development of a sovereign Operating System (OS) was a major topic of discussion during the meeting.
• The Committee also considered the development of a sovereign Database (DB) to enhance data security and strategic autonomy.
• Discussions included the strategic siting of data centres to meet the requirements of the Defence Forces.
• The DITCC granted clearance to several projects with far-reaching benefits for both the Defence Forces and the nation's technological ecosystem.
• The approved projects are aligned with the Government of India's vision of 'Viksit Bharat' (Developed India).
• The meeting was attended by officers from HQ IDS, the Indian Army, Indian Navy, and Indian Air Force.
• Representatives from the Defence Research and Development Organisation (DRDO) and the Ministry of Electronics and Information Technology (MeitY) also participated in the meeting.

Indian Navy Eastern Fleet Warships INS Udaygiri and INS Kavaratti Reach Ho Chi Minh City, Vietnam

• INS Udaygiri is a stealth frigate of the Indian Navy and is indigenously designed and constructed.
• INS Kavaratti is an Anti-Submarine Warfare (ASW) Corvette of the Indian Navy and is also indigenously designed and constructed.
• INS Udaygiri and INS Kavaratti arrived at Nha Rong Port, Ho Chi Minh City, Vietnam, on 22 June 2026 during their operational deployment to the South East Asia region.
• The deployment was led by Rear Admiral (RAdm) Alok Ananda, Flag Officer Commanding Eastern Fleet (FOCEF).
• The Indian warships received a warm ceremonial welcome from the Vietnam People's Navy, representatives of the Ho Chi Minh City (HCMC) People’s Committee, and port authorities.
• The visit highlighted the close and longstanding ties between the Indian Navy and the Vietnam People's Navy.
• The port call reflects the growing maritime partnership between India and Vietnam.
• During the visit, both navies will conduct professional interactions, cross-deck exchanges, sporting fixtures, and community outreach activities.
• The deployment marks the Indian Navy’s first major presence in Vietnam since the elevation of bilateral ties to an Enhanced Comprehensive Strategic Partnership.
• The Enhanced Comprehensive Strategic Partnership between India and Vietnam was established in May 2026.

Indian Air Force to Take Part in Exercise Pitch Black 2026 in Australia

• The Indian Air Force (IAF) will participate in Exercise Pitch Black 2026, a major multinational air combat exercise hosted by the Royal Australian Air Force (RAAF).
• Exercise Pitch Black 2026 will be conducted in Australia's Northern Territory from 20 July to 7 August 2026.
• The exercise is regarded as one of the largest and most significant air warfare exercises in the Indo-Pacific region.
• More than 100 aircraft and military personnel will participate in the exercise.
• The exercise will involve participation from 19 allied and partner nations.
• Exercise Pitch Black is the premier multinational air combat exercise of the Royal Australian Air Force (RAAF).
• It is also the largest international exercise conducted by the RAAF.
• The exercise is held across one of the world's largest military training areas in Australia.
• The primary objective is to enhance operational interoperability, strengthen military cooperation, and refine air combat tactics under realistic and complex operational scenarios.
• The exercise focuses on air combat integration and advanced operational training in challenging environments.
• It provides participating nations with opportunities to train in high-end combat scenarios and improve joint operational capabilities.
• Exercise Pitch Black has evolved into one of the Indo-Pacific's most important air warfare exercises, promoting regional stability and strengthening defence partnerships.
• Participating countries include India, Australia, United States, United Kingdom, Japan, France, Singapore, Indonesia, Republic of Korea (South Korea), Canada, Brunei, Fiji, Finland, Malaysia, New Zealand, Papua New Guinea, Philippines, Spain, Sweden, and Thailand.

CURRENT AFFAIRS: SPORTS NEWS

Lionel Messi Becomes Highest Goal Scorer in FIFA World Cup History

• Argentina captain Lionel Messi became the highest goal scorer in FIFA World Cup history during the 2026 edition jointly hosted by the United States, Canada and Mexico.
• Messi surpassed former Germany striker Miroslav Klose and reached a record tally of 18 FIFA World Cup goals.
• The achievement further strengthened Messi’s status as one of the greatest footballers in the history of the sport.
• Messi made his FIFA World Cup debut in 2006 and became the first player to participate in six FIFA World Cup tournaments.
• His World Cup goal tally across editions:
• 2006 – 1 Goal
• 2010 – 0 Goals
• 2014 – 4 Goals
• 2018 – 1 Goal
• 2022 – 7 Goals
• 2026 – 5 Goals
• Total – 18 Goals
• France forward Kylian Mbappé emerged as Messi’s closest challenger after reaching 16 World Cup goals, equalling Klose’s previous record.
• Mbappé scored:
• 2018 – 4 Goals
• 2022 – 8 Goals
• 2026 – 4 Goals
• Total – 16 Goals
• Before Messi's record, Miroslav Klose held the all-time World Cup scoring record with 16 goals across four tournaments (2002, 2006, 2010 and 2014).
• Klose won the 2014 FIFA World Cup with Germany National Football Team.

Top FIFA World Cup Goal Scorers (All-Time)

• The 2026 FIFA World Cup is the first edition to feature 48 teams, expanded from the previous 32-team format.
• It is also the first FIFA World Cup to be co-hosted by three countries – the United States, Canada and Mexico.
• The expanded format has increased the number of matches and created additional opportunities for players to break long-standing records.

About FIFA

• Full Form: Fédération Internationale de Football Association (FIFA)
• Established: 1904
• Headquarters: Zurich, Switzerland
• President: Gianni Infantino

Argentina Unveils World’s Tallest Statue of Lionel Messi

• Argentina has unveiled the world’s tallest statue of Lionel Messi, celebrating his legacy as one of the greatest footballers in history and the all-time leading scorer in FIFA World Cup history.
• The massive monument stands 26 metres tall, making it the largest statue dedicated to Lionel Messi anywhere in the world.
• The statue is located near National Route 22 in Manuel Savio, in Neuquén Province.
• It depicts Messi wearing the Argentina national team jersey and holding the FIFA World Cup trophy, commemorating Argentina’s triumph at the 2022 FIFA World Cup.
• The monument has been constructed using a steel framework and concrete exterior and weighs approximately 70 tonnes.
• The project was designed and created by Argentine artist Aldo Beroisa.
• The statue aims to honour Messi’s contribution to Argentine football and his influence on the nation’s identity and sporting culture.
• Its prominent location along a major highway is expected to attract large numbers of tourists and football fans from around the world.
• The project is also expected to boost tourism, hospitality and local economic activity in the region.
• Messi’s victory with Argentina at the 2022 FIFA World Cup elevated his status as a national icon and remains one of the most celebrated moments in Argentine sporting history.

CURRENT AFFAIRS : ACQUISITIONS & MERGERS

Competition Commission of India Clears Honda Motor’s Acquisition of 21% Voting Stake in Astemo Ltd.

• The Competition Commission of India (CCI) has approved the acquisition of a 21% voting interest in Astemo, Ltd. by Honda Motor Co., Ltd.
• The proposed combination involves Honda Motor Co., Ltd. (Acquirer) acquiring a 21% voting stake in Astemo, Ltd. (Target) from Hitachi, Ltd. (Seller).
• Honda Motor Co., Ltd. is a limited liability joint stock corporation incorporated under the Companies Act of Japan as Honda Giken Kogyo Kabushiki Kaisha.
• Honda Motor Co., Ltd. is the flagship company of the Honda Group.
• In India, Honda Motor Co., Ltd. is engaged in the manufacture and sale of automobiles, two-wheelers, and power products.
• In India, Honda is also involved in the manufacture and sale of automotive components for automobiles and two-wheelers.
• The company additionally undertakes research and development (R&D) activities in India.
• Astemo, Ltd. was originally incorporated in 2009 under the laws of Japan.
• Astemo, Ltd. was merged and integrated in 2021.
• Following the integration, Astemo, Ltd. is jointly controlled by Honda Motor Co., Ltd., Hitachi, Ltd., and JICC-01 Investment Business Limited Partnership.
• In India, Astemo, Ltd. is primarily engaged in the manufacture and sale of automotive components for automobiles and two-wheelers.
• The company also undertakes the sale of components for power products in India.
• Astemo, Ltd. is involved in ancillary research and development activities in India.

CURRENT AFFAIRS : APPS & PORTALS

Pension Fund Regulatory and Development Authority Launches AI-Powered ‘Pension Sahayak’ Grievance Redressal Platform for Pension Subscribers

• The Pension Fund Regulatory and Development Authority (PFRDA) launched PFRDA Pension Sahayak, an Artificial Intelligence (AI)-enabled grievance redressal platform for pension subscribers.
• PFRDA Pension Sahayak is designed for subscribers of pension schemes regulated by the PFRDA.
• The primary objective of PFRDA Pension Sahayak is to provide a simple, accessible, transparent, and efficient grievance resolution mechanism.
• The platform consolidates multiple pension service channels into a single integrated digital system.
• PFRDA Pension Sahayak enables subscribers to register complaints, track grievance status, and receive timely resolutions.
• The platform replaces the earlier Central Grievance Management System (CGMS).
• The new system integrates web-based, mobile-based, and WhatsApp-based services on a single platform.
• A key feature of PFRDA Pension Sahayak is its AI-enabled functionality, which enhances grievance handling and user experience.
• Subscribers can access the platform using their mobile number and One-Time Password (OTP).
• The new login process eliminates the need to remember the Permanent Retirement Account Number (PRAN) or account password.
• All PRANs linked to a single mobile number are automatically displayed under one common login.
• The platform aims to improve ease of access, user convenience, and service delivery for pension subscribers.

About PFRDA:

• Established: 2003 (Statutory status from PFRDA Act, 2013)
• Under which Ministry: Ministry of Finance, Government of India
• Headquarters: New Delhi
• Chairman: Sivasubramanian Ramann
• Purpose: To promote, develop, and regulate the pension sector in India, especially the National Pension System (NPS) and other old-age income security schemes.

Government Launches India's First Dedicated Wind Supply Chain Portal, WT-MARUT

• Union Minister Pralhad Joshi launched WT-MARUT (Wind Turbine Materials and Resources Utility Tracker), India's first dedicated Wind Turbine Supply Chain Management Portal, during the Global Wind Day Conference 2026 held in Goa.
• WT-MARUT has been developed by the Ministry of New and Renewable Energy (MNRE) with support from the Indian Wind Turbine Manufacturers Association (IWTMA).
• The portal aims to strengthen India's domestic wind energy manufacturing ecosystem and improve supply-chain transparency.
• Key objectives of WT-MARUT include visibility into component sourcing, supplier discovery, ALMM compliance, supply-chain collaboration, and export readiness enhancement.
• ALMM stands for Approved List of Models and Manufacturers.
• The conference theme was "Wind Energy: From Ambition to Acceleration."
• India added a record 6.1 GW of new wind capacity in FY 2025-26, the highest annual wind installation achieved by the country.
• The 6.1 GW addition represented a 46% year-on-year growth over the previous year.
• India's total installed wind power capacity exceeded 56.1 GW in FY 2025-26.
• India is currently the World's 4th Largest Wind Energy Market.
• India's estimated wind energy potential is 1,164 GW, of which less than 5% has been utilized.
• During the event, the Minister also released the Wind DCR Portal, Coffee Table Book of Pawan Urja, Knowledge Reports, and State-wise Policy Reports.
• Outstanding States, developers, and manufacturers for FY 2025-26 were felicitated during the conference.
• India has set a target of achieving 500 GW of Non-Fossil Fuel Capacity by 2030.
• India has also committed to achieving Net Zero Emissions by 2070.
• Nearly 250 participants attended the Global Wind Day Conference 2026.
• The conference was organized by MNRE in association with IWTMA (Indian Wind Turbine Manufacturers Association), WIPPA (Wind Independent Power Producers Association), and IWPA (Indian Wind Power Association).

About Ministry of New and Renewable Energy :

• Cabinet Minister : Pralhad Joshi
• Minister of State : Shripad Yesso Naik

CURRENT AFFAIRS : SCIENCE & TECHNOLOGY

Researchers Use GRAPES-3 Telescope to Study Effects of Atmospheric Temperature and Solar Magnetic Field on Muons

• GRAPES-3 (Gamma Ray Astronomy PeV EnergieS Phase-3) is a high-energy cosmic ray observatory located in Ooty, Tamil Nadu.
• GRAPES-3 is operated by the Tata Institute of Fundamental Research (TIFR).
• The primary objective of GRAPES-3 is to study the origin, acceleration, and propagation of cosmic rays.
• The observatory measures Extensive Air Showers (EAS) produced when high-energy cosmic rays or gamma rays enter the Earth's atmosphere.
• GRAPES-3 studies cosmic rays in the tera electronvolt (TeV) to peta electronvolt (PeV) energy range.
• Recently, researchers from Mumbai, Kochi, and Japan used the GRAPES-3 telescope to examine how the Earth's upper atmospheric temperature and the Sun's magnetic field influence muons.
• Muons are subatomic particles generated when cosmic rays interact with Earth's atmosphere.
• GRAPES-3 also studies solar phenomena and thunderstorm-related events using cosmic ray muons.
• The observatory employs an array of plastic scintillator detectors for detecting extensive air showers.
• It also contains a large-area muon detector based on gas-filled proportional counters.
• The muon detector consists of 16 modules, with 232 proportional counters in each module.
• The detector system is one of the world's largest facilities for studying cosmic ray muons.
• Cosmic Rays were discovered more than 100 years ago.
• Cosmic rays are regarded as the most energetic particles in the universe.
• The Earth is continuously bombarded by cosmic rays from outer space almost uniformly from all directions.
• Cosmic rays enter the atmosphere and create a cascade (shower) of secondary particles that travel toward the Earth's surface at nearly the speed of light.
• The particle shower generated by cosmic rays contains electrons, photons, muons, protons, and neutrons.

 Daily CA One- Liner: June 25

• Union Finance Minister Nirmala Sitharaman and Minister of Corporate Affairs, along with Conrad K. Sangma, Chief Minister of Meghalaya, and Prem Singh Tamang, Chief Minister of Sikkim, inaugurated the North East’s largest organic spice processing unit at Lumdaitkhla, Bhoirymbong, Ri-Bhoi District, Meghalaya
• The Ministry of Petroleum and Natural Gas (MoPNG) approved ₹150 crore financial assistance for India's first private-sector 91 Kilo Litres Per Day (KLPD) Hybrid Second-Generation (2G) Ethanol Biorefinery at Wave Sugar, Dhanaura, Uttar Pradesh
• The Indian Institute of Tropical Meteorology (IITM), Pune, Maharashtra, signed a Memorandum of Understanding (MoU) with the Aryabhatta Research Institute of Observational Sciences (ARIES), Nainital, Uttarakhand, to establish a long-term climate observation station under the Bharat Climate Observation Network
• Argentina captain Lionel Messi became the highest goal scorer in FIFA World Cup history during the 2026 edition jointly hosted by the United States, Canada and Mexico
• Argentina has unveiled the world’s tallest statue of Lionel Messi, celebrating his legacy as one of the greatest footballers in history and the all-time leading scorer in FIFA World Cup
• The National Stock Exchange of India Limited (NSE) signed a Memorandum of Understanding (MoU) with Bharat Metal Exchange (BME) to promote the development and adoption of non-ferrous metal derivatives in India.
• The International Finance Corporation (IFC), the private-sector arm of the World Bank Group (WBG), pledged USD 371 million to Sify Infinit Spaces Limited (SISL).
• The World Bank approved a ₹4,000 crore loan for Haryana's ‘Jal Sanrakshit Haryana’ Project, aimed at making the state water-secure and self-reliant in the water sector.
• The Mombasa Declaration was adopted by 15 countries from Africa, Asia, Europe, the Caribbean, and the Pacific to strengthen global efforts against Illegal, Unreported and Unregulated (IUU) Fishing.
• Kunal Shah, Founder of CRED, reportedly joined Meta Platforms Inc. and was appointed to lead WhatsApp globally.
• Raksha Rajya Mantri Sanjay Seth chaired the 15th meeting of the Defence Information Technology Consultative Committee (DITCC) on 23 June 2026 in New Delhi.
• INS Udaygiri is a stealth frigate of the Indian Navy and is indigenously designed and constructed.
• The Indian Air Force (IAF) will participate in Exercise Pitch Black 2026, a major multinational air combat exercise hosted by the Royal Australian Air Force (RAAF).
• The Competition Commission of India (CCI) has approved the acquisition of a 21% voting interest in Astemo, Ltd. by Honda Motor Co., Ltd.
• The Pension Fund Regulatory and Development Authority (PFRDA) launched PFRDA Pension Sahayak, an Artificial Intelligence (AI)-enabled grievance redressal platform for pension subscribers.
• Union Minister Pralhad Joshi launched WT-MARUT (Wind Turbine Materials and Resources Utility Tracker), India's first dedicated Wind Turbine Supply Chain Management Portal, during the Global Wind Day Conference 2026 held in Goa.
• GRAPES-3 (Gamma Ray Astronomy PeV EnergieS Phase-3) is a high-energy cosmic ray observatory located in Ooty, Tamil Nadu.