Monthly current affairs for June 2026

The RBI has introduced a 6-point policy package to boost foreign capital inflows and stabilize the Indian rupee. Under the Fully Accessible Route (FAR), RBI has expanded the scope of 'specified securities' to include new central government securities (G-Secs) with tenors of 15, 30, and 40 years.

To optimize foreign portfolio capital flows, RBI has abolished historical entry bottlenecks under the General Route, including short-term investment lock-ins, concentration limits, and individual security caps for Foreign Portfolio Investors (FPIs).

Equity investment ceilings have been increased for Non-Resident Indians (NRIs) and Overseas Citizens of India (OCIs) without SEBI registration. A concessional forex swap facility is introduced for External Commercial Borrowings (ECBs) raised by Central Public Sector Enterprises (CPSEs) to insulate public infrastructure funding from currency volatility.

RBI will bear the full hedging costs for Authorized Dealer (AD) banks that raise fresh 3 to 5-year Foreign Currency Non-Resident (Bank) (FCNR(B)) deposits, valid until September 2026. The timeframe for exporters to repatriate and realize international sales revenue is reduced to 9 months from the previous 15 months.

Tata Consultancy Services (TCS) has signed a multi-million dollar deal with Sweden-based SKF to deploy a next-generation Enterprise Resource Planning (ERP) platform.

The partnership aims to leverage AI across Information Technology (IT) systems and business operations to enhance customer experience and support long-term growth. As part of the agreement, the former will provide end-to-end managed services, including applications, infrastructure, data management, end-user services, security, and connectivity for SKF operations globally.

Union Minister Sarbananda Sonowal presented the Sagar Aankalan - Logistics Port Performance Index (LPPI) awards for the FY25. The Deendayal Port Authority (DPA) in Gujarat was recognized as the best-performing port in the ‘Handling of Container Cargo - less than 0.5 Million Twenty-foot Equivalent Units (TEUs)’ category.

The Visakhapatnam Port Authority (VPA) secured the second position in the ‘Sagar Aankalan Award’ for ‘Excellence in Handling Liquid Bulk Cargo’ in the category of ports handling 5 million tonnes and above.

The Ministry of Health and Family Welfare (MoH&FW) has released the 10th National Health Accounts (NHA) estimates for FY23. The Total Health Expenditure (THE) of India in FY23 is estimated at ₹8.81 lakh crore, which constitutes 3.37% of the Gross Domestic Product (GDP).

The Government Health Expenditure (GHE) has increased from ₹1.3 lakh crore in FY14 to ₹3.85 lakh crore in FY23. The report was prepared by the National Health Accounts Technical Secretariat (NHATS) under the National Health Systems Resource Centre (NHSRC).

Union Minister Jyotiraditya M Scindia and Tripura CM Dr. Manik Saha have launched the ‘Tripura Mission Queen Pineapple’ at Sanchar Bhawan in New Delhi. The initiative is a ₹236 crore convergence-led project focused on pineapple cultivation and value chain development.

The mission aims to bridge existing gaps through convergence-led investments and market-oriented interventions to enhance farmer value realization, while promoting Tripura’s GI-tagged ‘Queen Pineapple’ as its Unique Selling Proposition (USP).

The Ministry of Education has issued a Letter of Approval (LoA) to the University of Liverpool, UK, to establish a branch campus in Bengaluru.

The West Bengal Legislative Assembly has signed a tripartite MoU to implement the National e-Vidhan Application (NeVA).

With this, the state becomes the 33rd legislature in India to join the platform. The initiative aims to transition the state legislature towards a paperless and a fully digital ecosystem.

West Bengal Gramin Bank (WBGB) has partnered with Canara HSBC Life Insurance Company Ltd to enhance life insurance coverage in rural and semi-urban areas of West Bengal. The insurance company will use the bank's network of 960 branches across the state to offer its insurance products.

The Agricultural and Processed Food Products Export Development Authority (APEDA) has facilitated the first-ever sea shipment of botanical-infused ready-to-cook millet functional foods from Karnataka to New Zealand.

This initiative is expected to boost the agri-food exports of India, increase the income of farmers, and strengthen the agri-export ecosystem.

The Union Cabinet has approved a ₹10,000 crore Price Stabilization Fund to support scheduled Indian airlines against rising Aviation Turbine Fuel (ATF) prices. Under this 36-month scheme, the government will provide a ₹10,000 crore interest-free advance to Oil Marketing Companies (OMCs) to cover under-recoveries.

The initiative caps the ATF sale price at ₹115 per litre, with the government compensating OMCs for any losses. The advanced funds will be recovered from OMCs once global prices stabilize and return to the Consolidated Fund of India.

The Cabinet Committee on Economic Affairs (CCEA) has approved highway infrastructure projects in Madhya Pradesh and Bihar.

In Madhya Pradesh, the CCEA approved the upgradation of the Hiwarkhedi-Roshni-Ashapur-Rudhy section of NH-347B (125.01 km) to a 2-lane standard with paved shoulders, and the widening of the Deshgaon-Julwaniya section of NH-347B (108.643 km) to a 4-lane standard. These projects will be implemented under the Hybrid Annuity Mode (HAM) at a cost of ₹4,415.60 crore.

In Bihar, the CCEA approved the upgradation of the Khagaria-Purnea section of NH-31 and NH-231 to a 4-lane standard, covering a length of 143.529 km. This project will be executed under the Build-Operate-Transfer (BOT) (Toll) mode at a cost of ₹3,936.05 crore.

The Cabinet Committee on Economic Affairs (CCEA) has approved the 4-laning of the Armoor-Jagtial-Mancherial section of National Highway (NH)-63 and the Jagtial-Karimnagar section of NH-563. These projects, spanning a total length of 190.76 km, will be developed at an estimated cost of ₹7,597 crore.

Additionally, the CCEA has sanctioned the construction of a new coastal highway connecting Rameshwar to Paradeep in Odisha. The project, spanning 160.18 km, will be implemented at an estimated cost of ₹8,300 crore.

The Chandrayaan-2 spacecraft, orbiting the Moon since 2019, has provided evidence of subsurface water ice deposits within the permanently shadowed regions (PSRs) of lunar south polar craters. This study, conducted by the Physical Research Laboratory (PRL) in Ahmedabad, was published in the Nature Portfolio Journal (NPJ) Space Exploration.

Researchers utilized the Dual-Frequency Synthetic Aperture Radar (DFSAR) to analyze ‘doubly shadowed craters’ within the PSRs. The findings from a 1.1 km crater in the Faustini Basin indicate an impact into an ice-rich subsurface that briefly flowed before refreezing.

The Cabinet Committee on Economic Affairs (CCEA) has approved the ‘SARTHAK-PDS’ (Scheme for Assistance in Ration Transport and Handling-Income with Automation in PDS) umbrella scheme with a central outlay of ₹25,530 crore.

The program will be implemented for 5 years from April 2026 to March 2031, aiming to modernize the food subsidy network and benefit citizens covered under the National Food Security Act (NFSA).

The scheme integrates two legacy programs: the ‘Assistance to State Agencies for intra-State movement of foodgrains and Fair Price Shop (FPS) dealers' margin under NFSA’ and the ‘Scheme for Modernization and Reforms through Technology in Public Distribution System (SMART PDS)’. This integration aims to reduce leakages and streamline operations.

Union Minister Ashwini Vaishnaw has announced the ‘Clean Mobility Scheme’ with a financial outlay of ₹9,585 crore to replace old trucks and buses in the Delhi-National Capital Region (NCR). This 2-year fleet modernization initiative aims to reduce vehicular emissions and winter air pollution in the region.

The scheme is funded by the National Capital Region Planning Board (NCRPB) under the Ministry of Housing and Urban Affairs (MoHUA) and will be implemented by the Ministry of Road Transport and Highways (MoRTH) and the Ministry of Petroleum and Natural Gas (MoPNG). It involves a central share of ₹5,041 crore and ₹1,601 crore in tax concessions from participating states.

The scheme targets the modernization of 2.07 lakh older commercial vehicles registered across Delhi, Haryana, Rajasthan, and Uttar Pradesh. To encourage participation, the government offers a 5% interest subsidy on vehicle loans and monthly fuel vouchers worth up to ₹4,800 provided by Oil Marketing Companies (OMCs).

The Development Bank of Japan (DBJ) has partnered with HDFC Capital Advisors Ltd (HDFC Capital) to invest in real estate funds for affordable and mid-income housing in India. This marks the first-ever real estate investment by the DBJ in India.

The partnership aims for a total targeted corpus of $1 billion. Under this collaboration, the DBJ has pledged capital to the HDFC Capital Development of Real Estate Affordable and Mid-Income Fund (H-DREAM Fund), which is managed by HDFC Capital. The H-DREAM Fund has a target corpus of $500 million, with an additional $500 million green shoe option.

DK Shivakumar has been sworn in as the 25th Chief Minister (CM) of Karnataka, with the oath of office and secrecy administered by Governor Thaawarchand Gehlot.

He succeeds Siddaramaiah, who resigned from the position following a planned power-sharing arrangement. Dr G Parameshwara has been sworn in as the Deputy CM of Karnataka.

Google and UNICEF have announced a 3-year global partnership at the Education World Forum (EWF) 2026 to deploy AI-powered education tools and digital learning resources for students and educators.

The initiative aims to bridge the digital divide and strengthen foundational skills such as reading, comprehension, and numeracy. The project will be implemented in Brazil, India, Kenya, and Pakistan, in collaboration with national governments and local communities.

The Government of India has signed an agreement to export BrahMos missiles to Vietnam in a deal valued at ₹6,000 crore ($629 million).

This agreement strengthens bilateral defence and strategic cooperation between the countries. Vietnam is the second overseas buyer of the BrahMos missile system, after the Philippines.

India has secured the hosting rights for the 2027 Asian Relay Championships and the 2028 Asian Indoor Athletics Championships, marking the first time both events will be hosted in India.

The decision was finalized by the Asian Athletics Association (AAA) during an executive council meeting in Hong Kong, chaired by Dahlan Al Hamad. The 2027 Asian Relay Championships will be held at the Sector 7 Sports Complex in Chandigarh, while the 2028 Asian Indoor Athletics Championships will be hosted at the Kalinga Stadium complex indoor facility in Bhubaneswar, Odisha.