Daily current affairs for 2 June 2026 with exam-focused key facts, connected news context, and revision notes for UPSC, SSC, banking and government exams.
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Headlines 02 June 2026Key Updates:
India's gross Goods and Services Tax (GST) collections for April reached a record high of ₹2.42 lakh crore, an 8.7% increase compared to the same month last fiscal year. The previous record high was ₹2.37 lakh crore in…
Net GST collections for March 2026 reached Rs 1.78 lakh crore, up 8.2% from the previous month. Gross GST revenue for March 2026 stood at Rs 2 lakh crore, an 8.8% increase over March 2025.
Key Updates:
UPI processed 228.5 billion transactions in 2025, registering a 33% year-on-year increase. UPI transaction value rose 21% to ₹299.74 trillion in 2025.
UPI transactions reached an all-time high of ₹29.52 trillion in March 2026, up 10% from ₹26.84 trillion in February. Transaction volume rose 11% to 22.64 billion in March from 20.39 billion in February.
The Unified Payments Interface (UPI) was launched in April 2016 by the National Payments Corporation of India (NPCI) under the regulatory ambit of the Reserve Bank of India (RBI). UPI annual transaction volume increased…
Key Updates:
The Securities and Exchange Board of India (SEBI) has extended the registration validity for not-for-profit organisations (NPOs) on the Social Stock Exchange (SSE) from two years to three years without raising funds.…
The Ministry of Corporate Affairs (MCA) has relaxed CSR obligation requirement for companies to join the PM Internship Scheme. New-age sectors like semiconductors, renewable energy and global capability centres are now…
IRDAI approved the Insurance Regulatory and Development Authority of India (Actuarial, Finance and Investment Functions of Insurers) (Amendment) Regulations, 2026. All insurers — life, general, stand-alone health…
Insurance Regulatory and Development Authority of India (Irdai) issued final regulations for transition to Indian Accounting Standards (Ind AS) effective 1 April 2026. Insurers may request forbearance until 30 April 2026…
Key Updates:
India has initiated a renewed agenda for Micro, Small and Medium Enterprise (MSME) cooperation under its 2026 chairship of BRICS. The Ministry of Micro Small and Medium Enterprises (MSME) is tasked with organising three…
The National Institute of Securities Markets (NISM) and the Indian Institute of Corporate Affairs (IICA) signed a Memorandum of Understanding (MoU) in Mumbai on May 19. NISM is an educational institution established by…
The Confederation of Indian Industry (CII) and NUS-ISS of the National University of Singapore (NUS-ISS) signed a strategic Memorandum of Understanding (MoU) to advance digital leadership and responsible AI governance…
The Reserve Bank of India (RBI) Governor Sanjay Malhotra launched Mission SAKSHAM (Sahakari Bank Kshamta Nirman), a sector-wide capacity-building and certification framework for Urban Co-operative Banks (UCBs). The…
Key Updates:
The Reserve Bank of India (RBI) imposed a monetary penalty of ₹10.10 lakh on City Union Bank for levying loan-related charges on agriculture advances qualifying as priority sector loans up to ₹25,000. The RBI penalised…
Reserve Bank of India (RBI) imposed a monetary penalty of ₹31.80 lakh on Airtel Payments Bank Limited for non-compliance with RBI directions on 'Disclosure in Financial Statements'. The penalty action was carried out…
The Union Cabinet approved the Emergency Credit Line Guarantee Scheme (ECLGS) 5.0 with an outlay of Rs 18,100 crore to address short-term liquidity mismatches caused by the West Asia Crisis. Eligible borrowers include…
The Union Cabinet approved the fifth version of the Emergency Credit Line Guarantee Scheme (ECLGS 5.0) to provide financial support to businesses facing liquidity pressures due to the West Asia crisis. The scheme aims to…
Key Updates:
India and the European Union (EU) will grant each other Most Favoured Nation status for five years after their trade deal takes effect. The deal aims to eliminate or reduce tariffs on 96.6% of traded goods by value and…
India signed terms of reference with the Philippines for a Preferential Trade Agreement (PTA) and with the Maldives for a Free Trade Agreement (FTA). India’s exports to the Philippines rose 3.11 per cent to USD 2.16…
Key Updates:
ICICI Bank and Visa have launched India's first US dollar (USD) denominated debit card for Non-Resident Indian (NRI) customers. The card is offered through the IFSC Banking Unit (IBU) of ICICI Bank at Gujarat…
Reserve Bank of India (RBI) has barred authorised dealers from offering non-deliverable derivative contracts involving the Indian rupee to residents or non-residents. Deliverable foreign exchange derivatives allowed only…
The Reserve Bank of India (RBI) issued the Master Direction – Facility for Exchange of Notes and Coins on April 01, 2026. The guidelines were issued under the Banking Regulation Act, 1949, for providing note and coin…
Reserve Bank of India (RBI) received the Initiative of the Year Award from London-based Central Banking for creating the .bank.in domain. India became the first country globally to mandate a secure and exclusive Internet…
Key Updates:
The Income Tax Department (ITD) has revamped its framework for exchanging tax information with foreign authorities to curb cross-border tax evasion. The new framework mandates that information must be shared within 15…
India and the Republic of Korea held the 12th round of negotiations to upgrade the India-Korea Comprehensive Economic Partnership Agreement (IK CEPA) in New Delhi from May 25 to 27, 2026. The negotiations were conducted…
The Free Trade Agreement (FTA) between India and Oman, signed in December 2025, is expected to come into force from June 1, 2026. The FTA will provide duty-free access to 98 per cent of India's exports to Oman, including…
India and Canada are negotiating a Comprehensive Economic Partnership Agreement (CEPA) with the goal of concluding talks by the end of 2026. The proposed agreement aims to triple bilateral trade between the two nations…
Key Updates:
Union Minister of State for Defence Sanjay Seth introduced Namo Stalls in Ranchi under the Pradhan Mantri Street Vendor's AtmaNirbhar Nidhi (PM SVANidhi) Scheme. The initiative provides street vendors with pushcarts…
The Union Minister for Finance and Corporate Affairs launched several initiatives at the 37th Foundation Day of the Small Industries Development Bank of India (SIDBI) in Mumbai, highlighting a capital infusion of ₹5,000…
Food Safety and Standards Authority of India (FSSAI) stated that its registration certificates and licences will now have perpetual validity and will not require renewal. The Ministry of Health and Family Welfare…
Government e-Marketplace (GeM) celebrated the seven-year anniversary of its flagship initiative, SWAYATT (Startups, Women and Youth Advantage through e-Transactions). Launched on 19 February 2019, the initiative aims to…
Key Updates:
The Ministry of Electronics and Information Technology (MeitY), under the India Semiconductor Mission (ISM), launched the "Investors Support" portal to provide single-window assistance, regulatory guidance, and grievance…
National Institution for Transforming India (NITI Aayog) convened the first meeting of the High-Powered Education to Employment and Enterprise Standing Committee on May 22. The committee, announced in the Union Budget…
The Ministry of Electronics and Information Technology (MeitY) announced the launch of an online investor support portal by the India Semiconductor Mission (ISM). The portal, launched under the Semicon India Programme…
The government is considering extending the tenure of the second phase of the India Semiconductor Mission (ISM) to 12 years. The current tenure of the ISM is five years.
Key Updates:
The Indian Institute of Technology Madras (IIT Madras) launched an advanced maritime research facility to strengthen indigenous ship design, ocean engineering research, and hydrodynamic testing. The facility was…
Coca-Cola India Pvt Ltd has entered into a three-year Memorandum of Understanding (MoU) with Invest UP, Government of Uttar Pradesh. The partnership aims to support environmental stewardship, community well-being, and…
Reform-linked memoranda of understanding (MoUs) under Jal Jeevan Mission (JJM) 2.0 were signed on 29 April with Uttarakhand, Karnataka, and Tripura. The JJM 2.0 is extended until December 2028 to achieve complete rural…
The Office of the Principal Scientific Adviser (PSA) to the Government of India signed a Memorandum of Understanding (MoU) with the Federation of Indian Chambers of Commerce and Industry (FICCI) to bolster the national…
Key Updates:
The National Family Health Survey-6 (NFHS-6) for 2023-24 shows improvements in child and maternal health, nutrition, and immunisation compared to NFHS-5 (2019-21). Full immunisation for children aged 12-23 months…
The Office of the Registrar General of India (ORGI), functioning under the Ministry of Home Affairs, released the Sample Registration System (SRS) report for 2024. India’s Total Fertility Rate (TFR) remained at 1.9 in…
India ranks second globally in childhood obesity after China, overtaking the United States, according to the World Obesity Atlas 2026. In 2025, India had 14.9 million children aged 5–9 and over 26 million aged 10–19 who…
The Ministry of Health and Family Welfare (MoHFW) released the Rashtriya Bal Swasthya Karyakram (RBSK) 2.0 Guidelines at the National Summit on Good Practices and Innovations in Public Healthcare Service Delivery. The…
Key Updates:
Lieutenant Governor (LG) Vinai Kumar Saxena inaugurated India’s first rock check dam on the Sindhu River in Leh under the Sindhu Jal Samriddhi Abhiyan. The structure is located at Upshi at an altitude of 11,400 feet and…
India has launched two major projects worth nearly Rs 2,600 crore on the Chenab River after putting the Indus Waters Treaty (IWT) framework with Pakistan in abeyance. The National Hydroelectric Power Corporation (NHPC)…
Prime Minister Narendra Modi inaugurated an elevated road corridor connecting Pandu Port in Guwahati to National Highway-27 built with an investment of ₹180 crore. He laid the foundation stone for the Cruise Terminal at…
Prime Minister Narendra Modi inaugurated the Ganga Expressway in Uttar Pradesh on 29 April 2026. The Ganga Expressway is a 594-kilometre-long, six-lane access-controlled greenfield corridor.
Key Updates:
The United Kingdom (UK) passed the Tobacco and Vapes Bill, making it illegal for anyone born after 2008 to buy tobacco products. From 2027, the legal age for the sale of tobacco products will increase by one year every…
World Asthma Day 2026 was observed on 5 May with the theme Access to anti-inflammatory inhalers for everyone with asthma - still an urgent need. The event is organised by The Global Initiative for Asthma (GINA) in…
No Smoking Day 2026 is observed on March 11, the second Wednesday of March. The theme for 2026 is 'A Smoke-Free Life Starts With A Smoke-Free Day'.
International No Diet Day (INDD) is observed annually on May 6 to focus on body acceptance and a healthy lifestyle. The day was created by Mary Evans Young, the director of the group Diet Breakers, and first celebrated…
Key Updates:
The US Centers for Disease Control and Prevention (CDC) announced travel restrictions on people without US passports who have been in Democratic Republic of Congo, Uganda, or South Sudan in the past three weeks. At least…
The World Health Organization (WHO) has declared the Ebola outbreak in the Democratic Republic of the Congo (DRC) and Uganda a Public Health Emergency of International Concern. The outbreak is linked to the Bundibugyo…
India and the African Union (AU) decided to postpone the Fourth India-Africa Forum Summit (IAFS IV). The IAFS IV was originally scheduled to take place in New Delhi from May 28 to 31.
The Government of India expanded the list of eligible destinations under the Resilience and Logistics Intervention for Export Facilitation (RELIEF) scheme to support exporters during the West Asia crisis. Egypt and…
Key Updates:
Nibe Limited successfully completed technical trials of the indigenous Vayu Astra-1 loitering munition system designed for precision strikes. The trials for the munition system were conducted at Pokhran in Rajasthan and…
The Defence Research and Development Organisation (DRDO) successfully completed final development trials of the Unmanned Aerial Vehicle Launched Precision Guided Missile (ULPGM)-V3 in air-to-ground and air-to-air modes.…
Lt Gen Rahul R Singh, Deputy Chief of the Army Staff (Capability Development & Sustenance), released the Indian Army’s Technology Roadmap for Unmanned Aerial Systems (UAS) and Loitering Munitions (LM). The roadmap aims…
The Defence Research and Development Organisation (DRDO) unveiled two indigenous advanced armoured platforms, one tracked and one wheeled, on April 25 at the Vehicles Research and Development Establishment (VRDE)…
Key Updates:
Annalena Baerbock, President of the 80th session of the United Nations General Assembly (UNGA), is scheduled to visit India on April 28. Baerbock will discuss multilateral issues of mutual interest with External Affairs…
Prime Minister (PM) Narendra Modi and Cyprus President Nikos Christodoulides elevated bilateral relations to a Strategic Partnership during high-level talks in New Delhi. The two nations signed six agreements, including…
Dinesh Trivedi, a leader of the Bharatiya Janata Party (BJP), is likely to be appointed as India's next High Commissioner to Bangladesh. Trivedi previously served as the Railway Minister and Minister of State for Health…
Dr. Neena Malhotra, Secretary South of the Ministry of External Affairs (MEA), chaired the meeting of BRICS Deputy Foreign Ministers and Special Envoys for the Middle East and North Africa (BRICS MENA) in New Delhi. The…
Key Updates:
Turkish MPs passed a bill restricting social media access for children under 15. The legislation mandates that social media platforms install age-verification systems and provide parental control tools.
Indonesia on Saturday began implementing a government regulation that bans children younger than 16 from access to digital platforms that could expose them to pornography, cyberbullying, online scams and addiction.…
The Karnataka government proposed a ban on social media usage for children under the age of 16 in the tech-state to address digital addiction and online safety concerns. Chief Minister (CM) Siddaramaiah announced the…
Brazil began implementing new measures on Tuesday to restrict minors' access to social media and prevent them from viewing violent or illegal content. Adolescents up to 16 must now have their accounts linked to that of a…
Key Updates:
The Confederation of Indian Industry (CII) and NUS-ISS of the National University of Singapore (NUS-ISS) signed a strategic Memorandum of Understanding (MoU) to advance digital leadership and responsible AI governance…
Deakin University and the Government of Telangana, through Aikam™, signed a Memorandum of Understanding (MoU) to collaborate on applied Artificial Intelligence (AI), skilling, research, and innovation. The agreement was…
HCL Technologies (HCLTech) and Indian Institute of Technology (IIT) Kanpur signed an MoU to convert research into real-world pilots and scalable solutions for Global Capability Centres (GCCs). The collaboration focuses…
Key Updates:
Scientists led by the Wadia Institute of Himalayan Geology (WIHG) unearthed otoliths of snakehead (Channa sp.), goby (Gobiidae indet.), and gourami (Trichogaster fasciata) in the Shivalik foothills near Mohand, Dehradun.…
The Wildlife Wing of the Himachal Pradesh Forest Department recorded the presence of sambar deer (Rusa unicolor) in high-altitude areas of Chamba district through camera traps. The species was documented in the…
The Union Government notified two institutional clusters as designated repositories under Section 39 of the Biological Diversity Act, 2002. The National Biodiversity Authority (NBA) enabled the notification in…
The Ministry of Environment, Forest and Climate Change (MoEFCC) designated the Bhavasagara Referral Centre of the Centre for Marine Living Resources & Ecology (CMLRE) as a National Repository for Deep-Sea Fauna under the…
Key Updates:
Prevention of Blindness Week is observed annually from April 1 to April 7 to raise awareness about eye health and preventable vision loss. The theme for the year 2026 is Uniting for a Glaucoma-Free World, highlighting…
International Day of Light is observed on May 16 to recognise the role of light and light-based technologies across science, medicine, education, communications, arts, and sustainable development. The day is administered…
Bhopal became the first city in India to install an 'Algae Tree' at Swami Vivekananda Park under the Smart City initiative. The microalgae-based unit claims to absorb as much carbon dioxide as 25 full-grown trees and…
The Jawaharlal Nehru Centre for Advanced Scientific Research (JNCASR), an autonomous institute of the Department of Science and Technology (DST), developed the Cleavable Light-Erased Antibody Reporter (CLEAR) technology.…
Key Updates:
Shi Yuqi won the men’s singles title at the Badminton Asia Championships 2026 by defeating Ayush Shetty in the final. The final score was 21-8, 21-10 in favour of Shi Yuqi.
Shi Yu Qi of China beat India's Ayush Shetty 21-8, 21-10 in the Badminton Asia Championships final at Ningbo. Ayush Shetty became only the second Indian men's singles player after Dinesh Khanna to reach the continental…
India's Lakshya Sen, ranked world number 12, defeated Canada's Victor Lai (world number 16) in the men's singles semifinal of the All England Open Badminton Championships 2026. The match lasted one hour and 37 minutes…
Key Updates:
The International Cricket Council (ICC) and Cricket West Indies (CWI) have provisionally suspended Javon Searles, Chitranjan Rathod, and Trevon Griffith from all forms of cricket. The charges involve alleged breaches of…
The Ministry of Youth Affairs and Sports (MYAS) notified the National Sports Governance (National Sports Board) Rules, 2026 and the National Sports Governance (National Sports Tribunal) Rules, 2026. These rules were…
The Central Information Commission (CIC) ruled that the Board of Control for Cricket in India (BCCI) does not qualify as a public authority under the Right to Information (RTI) Act. The order, passed by Information…
India leads with 148 suspended track and field athletes on the latest Athletics Integrity Unit (AIU) ineligibility list updated up to 1 April 2026. Kenya is second and Russia third with 66 suspended athletes.
Key Updates:
The United Kingdom (UK) passed the Tobacco and Vapes Bill, making it illegal for anyone born after 2008 to buy tobacco products. From 2027, the legal age for the sale of tobacco products will increase by one year every…
World Asthma Day 2026 was observed on 5 May with the theme Access to anti-inflammatory inhalers for everyone with asthma - still an urgent need. The event is organised by The Global Initiative for Asthma (GINA) in…
No Smoking Day 2026 is observed on March 11, the second Wednesday of March. The theme for 2026 is 'A Smoke-Free Life Starts With A Smoke-Free Day'.
International No Diet Day (INDD) is observed annually on May 6 to focus on body acceptance and a healthy lifestyle. The day was created by Mary Evans Young, the director of the group Diet Breakers, and first celebrated…
Key Updates:
The World Day for Cultural Diversity for Dialogue and Development is observed annually on 21 May. The global campaign is spearheaded by the United Nations (UN) and supported by the United Nations Educational, Scientific…
Canadian Prime Minister Mark Carney attended the European Political Community (EPC) summit in Yerevan, Armenia, marking the first time a non-European nation has participated in the forum. The EPC is an institution…
The International Day of Living Together in Peace is observed every year on May 16. The theme for the 2026 observance is Building Trust through Dialogue, Inclusion, and Solidarity.
The United Nations (UN) observes the International Day of Solidarity with Detained and Missing Staff Members on 25 March 2026. In 2025, 179 UN personnel were arrested or detained.
Key Updates:
Vice Admiral Sanjay Vatsayan assumed charge as the Flag Officer Commanding-in-Chief, Western Naval Command, in Mumbai on 30 May 2026. Prior to this appointment, he served as the 47th Vice Chief of the Naval Staff at…
General Anil Chauhan completed his tenure as the Chief of Defence Staff (CDS) and Secretary, Department of Military Affairs. The Appointments Committee of the Cabinet (ACC) approved an extension of his service on…
Anugraha Narayana Das, a 1991-batch officer of the Indian Defence Accounts Service (IDAS), assumed charge as Controller General of Defence Accounts (CGDA) with effect from May 1. He previously served as Additional…
Vice Admiral Ajay Kochhar assumed charge as the 48th Vice Chief of the Naval Staff (VCNS) of the Indian Navy. He was commissioned into the Indian Navy on July 1, 1988, and is a specialist in Gunnery and Missile Systems.
Key Updates:
Prime Minister Narendra Modi received the 2026 Agricola Medal from the Food and Agriculture Organization (FAO) at its headquarters in Rome. The award was presented by FAO Director-General Qu Dongyu in recognition of the…
ITC Ltd became the first company in India to receive the globally‑acknowledged Farm Sustainability Assessment (FSA) 3.0 certification for wheat and paddy. The certification helps build credibility with global customers…
Dr. Ch. Srinivasa Rao received the 9th Prof. M.S. Swaminathan Award For Climate-Resilient Agriculture. The award was instituted by the Retired Indian Council of Agricultural Research (ICAR) Employees Association in…
Dr. Ch. Srinivasa Rao received the 9th Prof. M.S. Swaminathan Award For Climate-Resilient Agriculture. The award was instituted by the Retired Indian Council of Agricultural Research (ICAR) Employees Association in…
Key Updates:
Rajesh Kumar Singh has been given additional charge as Secretary, Department of Defence Research and Development, and Chairman of the Defence Research and Development Organisation (DRDO). The appointment follows the…
Anugraha Narayana Das, a 1991-batch officer of the Indian Defence Accounts Service (IDAS), assumed charge as Controller General of Defence Accounts (CGDA) with effect from May 1. He previously served as Additional…
Vishvajit Sahay, a 1990-batch officer of the Indian Defence Accounts Service (IDAS), assumed charge as Secretary (Defence Finance) in the Ministry of Defence on 1 May 2026. Prior to this appointment, he served as the…
Vir Vikram Yadav, a 1996-batch Indian Administrative Service (IAS) officer of the Odisha cadre, has been appointed as the Director General of the Directorate General of Civil Aviation (DGCA). The Appointments Committee…
Key Updates:
Lieutenant General Susan Coyle has been appointed as the first female commander to lead the Australian Army in its 125-year history. The appointment was announced by the Defence Minister Richard Marles, with her term as…
Lieutenant General Susan Coyle will become chief of army in July 2026, the first woman to lead the Australian Army in its 125-year history. Coyle currently serves as chief of joint capabilities and will replace…
Vice Admiral Sanjay Vatsayan assumed charge as the Flag Officer Commanding-in-Chief, Western Naval Command, in Mumbai on 30 May 2026. Prior to this appointment, he served as the 47th Vice Chief of the Naval Staff at…
Anugraha Narayana Das, a 1991-batch officer of the Indian Defence Accounts Service (IDAS), assumed charge as Controller General of Defence Accounts (CGDA) with effect from May 1. He previously served as Additional…
Key Updates:
R. B. Choudary died in a car accident near Udaipur on May 5. He was a veteran film producer and the founder of Super Good Films.
KP Dhanapalan, a senior Congress leader and former Member of Parliament, passed away at the age of 76 at a private hospital in Paravur, Ernakulam. He was elected to the Lok Sabha in 2009 from the Chalakudy constituency.
Abu Hasem Khan Choudhury, former Union Minister, died on 8 April 2026 in Kolkata. He was 89 years old and had been suffering from multiple age-related complications.
E.A. Rajendran, veteran Malayalam actor-director, died at age 71 at his residence in Pattathanam, Kollam. He was a graduate of the National School of Drama and appeared in around sixty Malayalam films.