Monthly current affairs for June 2026

The Asian Development Bank (ADB) has signed a $10 million financing package with Schoolnet India Ltd (SIL) to improve learning outcomes in government schools across India.

The project aims to scale up digital learning infrastructure in 30,000 government schools, directly benefiting 45 million students. Under the initiative, computer laboratories will be installed in at least 1,000 government schools.

Union Minister Amit Shah has launched four initiatives to expand governance and assistance for farmers in New Delhi. The 'DRISHTI' portal was introduced as a dedicated tracking system to streamline the real-time inventory management of pulses and oilseeds.

The digital e-auction platform 'NAFEX.in' of the National Agricultural Cooperative Marketing Federation of India (NAFED) was launched to connect farmers directly with buyers to eliminate middlemen, ensuring transparent bidding and direct payments to the bank accounts of farmers within 48 hours.

The 'NAFED-KALYAN' scholarship was launched as a social welfare initiative that allocates 1% of the profits of NAFED to fund the higher education and career development of the children of farmers. Additionally, an Enterprise Resource Planning (ERP) portal was launched to strengthen internal digital governance and increase overall operational efficiency.

Daimler India Commercial Vehicles (DICV), the owner of the Bharat Benz brand, has signed an MoU with the Ministry of Road Transport and Highways (MoRTH) to support the vehicle replacement initiative of the Government of India.

The scheme focuses on the replacement of old trucks and buses in the Delhi-National Capital Region (NCR) to encourage fleet modernisation. Under the agreement, the original equipment manufacturer (OEM) will provide an 8% discount on the ex-showroom price of eligible trucks and buses purchased under the scheme.

India has successfully tested the indigenous 120-millimeter (mm) vehicle-mounted mortar system named "Garudastra", developed by Nibe Ltd for the Indian Army.

Giles Thomson of the United Kingdom has been appointed as the President of the Financial Action Task Force (FATF) for a 2-year term starting in July 2026. He succeeds Elisa de Anda Madrazo of Mexico.

According to the "Global Startup Ecosystem Report 2026" (GSER 2026) released by Startup Genome, Bengaluru is ranked 15th globally among the top startup ecosystems. It has also emerged as the second-best AI-native cluster in Asia, positioned behind Beijing (China).

Silicon Valley (USA) topped the global rankings, followed by New York City (USA) and London (UK).

The Gujarat government has signed an MoU with the Housing and Urban Development Corporation Ltd (HUDCO) for long-term financing of up to ₹1 lakh crore to support high-impact transit, highway, and smart city development projects across the state.

Union Minister Pralhad Joshi has launched the Green Hydrogen Certification Portal of India (GHCI Portal) during the National Workshop on "Strengthening the National Green Hydrogen Mission: Through State Policies, Hubs & Infrastructure" in New Delhi.

The portal will serve as a digital platform to enable transparent certification, verification, and regulatory compliance under the Green Hydrogen Certification Scheme of India (GHCI). The platform is scheduled to become operational in July 2026.

Meta has acquired a minority stake of 20% in the Indian financial technology (fintech) startup CRED.

The acquisition was completed through a Series H funding round worth $900 million (₹8,550 crore), which values the company at $4.5 billion.

The 28th edition of the annual outdoor track and field meeting, the Doha Diamond League (DDL), was held at the Suhaim bin Hamad Stadium in Doha, Qatar.

Rumesh Pathirage, a Sri Lankan athlete, won the men's javelin throw event with a throw of 88.68 m. Indian javelin thrower Neeraj Chopra finished fourth in the event with a best throw of 85.69 m.

The National Highways Authority of India (NHAI) has signed an MoU with the National Council of Applied Economic Research (NCAER) to establish the "NHAI Centre for Economics of Transportation, Mobility and Logistics".

The facility will serve as the first permanent and independent research centre of India dedicated specifically to the economics of transportation, mobility, and logistics.

Union Minister Nirmala Sitharaman, along with Conrad K Sangma, the CM of Meghalaya, and Prem Singh Tamang, the CM of Sikkim, has inaugurated the largest organic spice processing unit of Northeast India at Bhoirymbong in Meghalaya.

The facility was established under the Eastern Ri-Bhoi Organic Farmer Producer Company Ltd (FPC) with an investment of ₹32 crore. The processing unit has an annual capacity to process over 10,000 metric tonnes (MT) of high-value organic spices.

The RBI has cancelled the licence of Karnataka-based Shree Mahalaxmi Urban Co-operative Credit Bank. The cancellation was due to inadequate capital and lack of earning prospects of the bank.

According to the "Economic Outlook Asia-Pacific Q3 2026" report released by S&P Global Ratings (S&P), the real Gross Domestic Product (GDP) growth forecast of India for FY27 is revised to 6.6%. The Consumer Price Index (CPI) inflation of India is projected to rise to 5.1%.

The RBI has directed banks to exempt agricultural and allied sector loans up to ₹2 lakh per borrower from collateral security and margin requirements under the updated guidelines of the Kisan Credit Card (KCC) scheme.

Furthermore, the voluntary pledge of gold and silver as collateral for agricultural loans up to the collateral-free limit of ₹2 lakh will not be considered a violation of the guidelines on collateral-free lending.

France hosted the 52nd G7 Summit under the theme "Working Together to Address Major International Challenges". PM Narendra Modi represented India at the summit.

Key outcomes of the summit included the adoption of the "Leaders' Declaration on Tackling Migrant Smuggling" to curb human trafficking and the unveiling of the "Declaration on Critical Minerals Supply Chains".

Japanese PM Takaichi introduced the "Partnership On Wide Energy and Resources Resilience (POWERR Asia)", which aims to provide nearly USD 10 billion in financial assistance to strengthen energy and critical minerals supply chains. It is to be noted that the 53rd edition of the G7 Summit is scheduled to be hosted by the USA.

The Alliance of Reporting Entities in Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT) (ARIFAC) has been launched as a national industry platform. It aims to strengthen the AML and CFT framework of India by establishing a unified defense against financial crimes.

This private-sector initiative operates under the guidance of the Financial Intelligence Unit–India (FIU-IND), which acts as an official observer. The day-to-day operations of the platform are managed by the Payments Council of India (PCI) and the Fintech Convergence Council (FCC).

Bank of Baroda has launched the 'bob Golden Goal Deposit Scheme', a 555-day retail term deposit plan for deposits below ₹3 crore, offering interest rates up to 7.4% per annum.

The bank has also introduced the 'bob Legend Foreign Currency Non-Resident (Bank) [FCNR(B)]' deposit scheme, which offers interest rates of 6% for tenures of 3 to less than 4 years, 6.1% for 4 to less than 5 years, and 6.5% for 5-year deposits.

Indian jurist Bimal N Patel has been elected as a judge of the International Tribunal for the Law of the Sea (ITLOS) for the 2026-2035 term. He will assume office on October 2026, succeeding Neeru Chadha.

Union Minister of State Sanjay Kumar has laid the foundation stone for the new Force Headquarters building of the Central Industrial Security Force (CISF) at the CGO Complex in New Delhi.

The building is being constructed by the Central Public Works Department (CPWD) at an estimated cost of ₹75.78 crore. During the event, he also inaugurated and dedicated multiple infrastructure projects of the CISF to the nation, valued at ₹136.03 crore.