🔆 CURRENT AFFAIRS – 3 JUNE 2026
🔆 BANKING & FINANCE
📍 UPI Payments Launched in Cambodia
✅ Indian travellers can make payments through Cambodia’s KHQR network using UPI apps
✅ Partnership between NPCI International Payments Ltd. (NIPL) and ACLEDA Bank Plc.
✅ Creates a pathway for future two-way payment interoperability between India and Cambodia
📍 Project Shikhar Launched
✅ Joint initiative of Meesho and Bombay Stock Exchange (BSE)
✅ Helps MSMEs and digital-first businesses access capital markets
✅ Supports listing on BSE SME Platform
🔆 ECONOMY
📍 IIP Base Year Revised
✅ Index of Industrial Production (IIP) base year changed from 2011–12 to 2022–23
✅ April 2026 IIP growth slowed to 4.9% from 5.8% a year earlier
✅ New series tracks 1,042 products across 463 item groups
📍 WPI Base Year Revised to 2022–23
✅ Government approved revision from 2011–12 to 2022–23
✅ New indices introduced:
✅ Output Producer Price Index (OPPI)
✅ Input Producer Price Index (IPPI)
✅ Service Producer Price Index (Service PPI)
✅ WPI to continue alongside PPI for five years before phase-out
📍 India Falls to 7th Position in Global Market Capitalisation
✅ South Korea overtook India with market cap of $5.01 trillion
✅ India’s market capitalisation stood at $4.85 trillion
✅ Factors include foreign investor selling and weak corporate earnings growth
🔆 STATES
📍 Telangana Formation Day
✅ Observed on 2 June every year
✅ Telangana became India’s 29th State on 2 June 2014
✅ Formed after bifurcation of Andhra Pradesh
✅ K. Chandrashekar Rao founded Telangana Rashtra Samithi in 2001
🔆 NATIONAL
📍 MAHA Water Mission Launched
✅ Joint initiative of Ministry of Jal Shakti and ANRF
✅ Total outlay: ₹200 crore over five years
✅ Supports water-sector research, innovation and startups
✅ Themes include water quality, drinking water and climate resilience
🔆 INTERNATIONAL
📍 AUKUS Launches Underwater Drone Programme
✅ Joint programme launched by Australia, UK and USA
✅ Developed under AUKUS Pillar Two
✅ Focus on advanced Uncrewed Undersea Vehicles (UUVs)
✅ First delivery expected by 2027
📍 Bangladesh to Lead 81st UN General Assembly
✅ Khalilur Rahman elected President of the 81st UNGA Session
✅ Secured 99 votes out of 190 ballots cast
✅ Session begins on 8 September 2026
🔆 INDIA & THE WORLD
📍 India–Oman CEPA Comes into Force
✅ Effective from 1 June 2026
✅ Oman grants duty-free access on 99.38% tariff lines
✅ Covers 98.08% of India’s exports to Oman
✅ One of India’s most comprehensive trade agreements in the Gulf region
🔆 AGREEMENTS & MoUs
📍 GMDC–Cambridge Partnership
✅ AI-powered Rare Earth Observatory to be established at iCEM
✅ Will track the Rare Earth Elements value chain from mine to magnet
✅ Project investment: £600,000 over two years
📍 BHASHINI and DPIIT Sign MoU
✅ Aims to expand multilingual access across India’s investment ecosystem
✅ Supports all 22 languages of the Eighth Schedule
✅ Uses AI tools such as translation, speech-to-text and text-to-speech
🔆 AWARDS & RECOGNITIONS
📍 Sagar Aankalan Award 2024–25
✅ Deendayal Port Authority won Best Performing Port Award
✅ Category: Container Cargo Handling (Less than 0.5 Million TEUs)
✅ Formerly known as Kandla Port Trust
📍 Earth Prize 2026
✅ Indian students Vivaan Chhawchharia, Ariana Agarwal and Avyana Mehta won the award
✅ Developed “Plas-Stick”, a biodegradable material that removes microplastics from water
✅ First Indian team to win the global award
🔆 RANKS & REPORTS
📍 Forbes Rich List – June 2026
✅ Elon Musk remained world’s richest person
✅ Estimated net worth: USD 835 billion
✅ Larry Page and Sergey Brin ranked 2nd and 3rd respectively
✅ Jensen Huang entered Top 10 amid AI-driven semiconductor boom
🔆 IMPORTANT DAYS
📍 World Milk Day – 1 June
✅ Theme: “Celebrating Women Farmers”
🔆 DEFENCE
📍 Divyastra Mk-1 Successfully Tested
✅ Indigenous AI-powered loitering munition developed by Hoverit
✅ Designed for Intelligence, Surveillance, Reconnaissance (ISR) and precision strikes
✅ Operational trials conducted in Jodhpur
#CurrentAffairs
