Daily Current Affairs (DCA) 5 June, 2026

Context

The Reserve Bank of India (RBI) has unveiled a package of measures to boost foreign capital inflows and stabilise the rupee, by easing norms for foreign borrowings by state-owned enterprises, incentivising banks to mobilise FCNR(B) deposits, and liberalising FII and NRI/OCI investment limits. The move complements the government’s decision to scrap capital gains tax and withholding tax on FII investment in government bonds. RBI Governor Sanjay Malhotra said these steps are expected to strengthen the balance of payments and attract foreign capital inflows during a period of rupee pressure and FPI outflows (about USD 13.4 billion equity and USD 0.3 billion debt outflows during 1 April to 2 June 2026).

Key Facts

• Step 1: Cheaper dollar loans for PSUs. PSU companies borrowing in dollars get a subsidised hedging cost from the RBI till 30 September 2026, making dollar loans cheaper.
• Step 2: Cheaper NRI deposits for banks. Banks raising 3- to 5-year FCNR(B) deposits (deposits in foreign currency held by NRIs and OCIs) get full hedging cost support till September 2026, so they can offer better rates to NRIs.
• Step 3: More bond access for foreigners. Under the Fully Accessible Route (FAR), foreigners can now buy new 15-, 30-, and 40-year government bonds freely. Short-term, concentration, and single-security limits have also been removed.
• Step 4: Easier equity investment for NRIs and foreigners. NRIs, OCIs, and all Persons Resident Outside India (PROIs) can now buy listed Indian shares with higher limits and without SEBI registration.
• Step 5: Faster export earnings repatriation. Exporters now have to bring back their export earnings within 9 months, restored from the 15 months allowed in November 2025.

About the Concessional FX Swap Facility for PSU ECBs:

• A swap facility allows PSUs to convert rupee liabilities into foreign currency exposure, or vice versa, at more favourable terms than market-based hedging.
• The RBI is lowering the hedging and funding cost of foreign currency borrowing by PSUs, nudging them to tap cheaper overseas capital.

About the FCNR(B) Swap Facility for AD Banks:

• The RBI will provide full hedging cost on fresh 3- to 5-year FCNR(B) deposits raised by Authorised Dealer (AD) banks until September 2026.
• An FCNR(B) account is a fixed deposit in India held by NRIs and OCIs in foreign currencies like USD, GBP, EUR, or CAD, avoiding currency fluctuation risks for the depositor.
• With hedging costs subsidised, banks can offer more competitive interest rates without eating into their margins.
• This is expected to strengthen foreign currency inflows into the banking system, support FX liquidity, and stabilise the external account.

What is Fully Accessible Route (FAR)?

• The Fully Accessible Route (FAR) allows FIIs to buy and sell designated G-secs without any quantitative ceiling.
• The FAR has been expanded to include all new issuances of 15-year, 30-year, and 40-year G-secs.
• General Route restrictions removed: short-term investment caps, concentration limits, and individual security limits.
• These steps complement the government’s decision to scrap capital gains tax and withholding tax on FII investment in government bonds.

What is Liberalisation for NRIs, OCIs, and PROIs?

• NRIs (Non-Resident Indians), OCIs (Overseas Citizens of India), and now all Persons Resident Outside India (PROIs) get higher investment limits in listed equity instruments.
• They can invest without separate registration with SEBI.

About Export Realisation Time Limit:

• The RBI has proposed to restore the time limit for realisation of export proceeds to 9 months, providing breathing room for exporters facing global trade headwinds.

Key Terms:

• External Commercial Borrowings (ECBs): Loans taken by Indian companies (including PSUs) from foreign lenders in foreign currency (mostly USD), subject to RBI rules on end-use, maturity, and cost.
• FCNR(B) Account: Foreign Currency Non-Resident (Bank) account, a fixed deposit held by NRIs/OCIs in India in foreign currencies, so the depositor faces no rupee depreciation risk.
• Authorised Dealer (AD) Banks: Banks licensed by the RBI under FEMA to deal in foreign exchange.
• Hedging Cost: The cost of protecting against exchange rate movements through instruments like forwards and swaps.
• Forex Swap: A contract to exchange a sum in one currency for another now, and reverse the transaction later at a pre-agreed rate.
• Fully Accessible Route (FAR): A regime under which foreign investors can freely buy and sell specified Government of India securities without any quantitative limit.
• General Route for FII Investment: An alternative regime with specified caps and concentration limits for FII debt investments.
• NRI (Non-Resident Indian): An Indian citizen who lives outside India for tax or stay purposes.
• OCI (Overseas Citizen of India): A foreign citizen of Indian origin granted lifelong visa and certain rights in India (excluding voting).
• PROI (Person Resident Outside India): Any person resident outside India under FEMA, including NRIs, OCIs, and foreign nationals.
• Capital Gains Tax (in this context): Tax on profits earned from selling investments like bonds and securities.
• Withholding Tax: A tax deducted at source when income (like interest or dividend) is paid to a foreign investor, before the money leaves the country.

Practice MCQs

Q1. With reference to the RBI’s recent measures to boost foreign capital inflows, consider the following statements:

1. The RBI has announced a concessional foreign exchange swap facility for ECBs by PSUs until 30 September 2026.
2. AD banks will get a similar facility covering the full hedging cost for fresh 3- to 5-year FCNR(B) deposits until September 2026.
3. The RBI has also expanded the Fully Accessible Route (FAR) for FIIs by including new 15-, 30-, and 40-year G-sec issuances.
4. These measures complement the government’s decision to scrap capital gains tax and withholding tax on FII investment in government bonds.

How many of the above statements are correct?

(a) Only one (b) Only two (c) Only three (d) All four (e) None

Q2. Consider the following statements about FCNR(B) accounts:

1. FCNR(B) is the Foreign Currency Non-Resident (Bank) account scheme.
2. It is a fixed deposit held by NRIs and OCIs in foreign currencies like USD, GBP, EUR, or CAD.
3. It protects the depositor from rupee depreciation risk.
4. FCNR(B) deposits can only be held in Indian rupees.

Which of the above are correct?

(a) 1, 2 and 3 only (b) 1, 3 and 4 only (c) 2 and 4 only (d) 1 and 4 only (e) All four

(Statement 4 is wrong; FCNR(B) deposits are held in foreign currencies, NOT Indian rupees.)

Q3. With reference to the Fully Accessible Route (FAR), consider the following statements:

1. Under FAR, FIIs can buy and sell designated Government of India securities without any quantitative ceiling.
2. The RBI has expanded FAR to include all new issuances of 15-, 30-, and 40-year G-sec bonds.
3. The General Route restrictions on short-term investments, concentration limits, and individual security limits for FII investments have been removed.
4. The FAR is governed by the Ministry of External Affairs and not the Reserve Bank of India.

Which of the above are correct?

(a) 1, 2 and 3 only (b) 1, 3 and 4 only (c) 2 and 4 only (d) 1 and 4 only (e) All four

(Statement 4 is wrong; FAR is governed by the Reserve Bank of India, not the Ministry of External Affairs.)

Q4. Consider the following statements about NRIs, OCIs, and Persons Resident Outside India (PROIs):

1. NRIs are Indian citizens who reside outside India for tax or stay purposes.
2. OCIs are foreign citizens of Indian origin granted lifelong visa and certain rights in India, excluding voting.
3. PROIs include NRIs, OCIs, and foreign nationals as defined under FEMA.
4. The RBI has restricted PROIs from investing in Indian listed equity instruments under any route.

Which of the above are correct?

(a) 1, 2 and 3 only (b) 1, 3 and 4 only (c) 2 and 4 only (d) 1 and 4 only (e) All four

(Statement 4 is wrong; the RBI has liberalised investment limits for NRIs, OCIs, and PROIs in listed equity instruments, without requiring SEBI registration.)

Answer Key

1. (d), All four statements are correct.
2. (a), Statements 1, 2, 3 are correct; Statement 4 is wrong because FCNR(B) deposits are held in foreign currencies, not rupees.
3. (a), Statements 1, 2, 3 are correct; Statement 4 is wrong because the FAR is governed by the RBI, not the Ministry of External Affairs.
4. (a), Statements 1, 2, 3 are correct; Statement 4 is wrong because the RBI has actually liberalised, not restricted, PROI investment in listed equity instruments.

Context:

The Asian Development Bank (ADB) and Standard Chartered Bank have signed agreements in June 2026 to strengthen supply chain finance in India, through risk-sharing arrangements covering both US Dollar (USD) and Indian Rupee (INR) transactions. The agreements were signed in Mumbai by Bhargav Dasgupta, Vice-President of ADB, and P.D. Singh, CEO of Standard Chartered Bank India and South Asia. The partnership aims to address financing gaps, strengthen risk-sharing mechanisms, and expand access to trade and supply chain finance for Indian businesses.

Key Facts

About the Agreement and the Partners:

• The deal has two parts: a Risk Participation Arrangement (RPA) for USD-denominated transactions through GIFT City, Gujarat, and a Partial Guarantee Facility (PGF) for onshore INR transactions.
• The arrangements aim to expand access to trade finance and supply chain finance for Indian businesses, especially those in export and import value chains.
• They also support continued flow of both domestic and cross-border trade, particularly during periods of global supply-chain stress.

About Asian Development Bank (ADB):

• Regional development bank for the Asia-Pacific region.
• Established in 1966, headquartered in Manila, Philippines.
• Has 68 members, including 49 from within Asia-Pacific and 19 from outside the region.
• India is a founding member of ADB.
• Provides loans, technical assistance, grants, and equity investments for development projects.
• Largest shareholders include Japan, the United States, China, India, and Australia.

About Standard Chartered Bank:

• A British multinational banking and financial services company, headquartered in London, United Kingdom.
• Formed in 1969 through the merger of The Standard Bank of British South Africa and The Chartered Bank of India, Australia and China.
• Has a strong presence in Asia, Africa, and the Middle East.
• Operates in India for over 165 years, with a significant trade and corporate banking franchise.

About GIFT City:

• Gujarat International Finance Tec-City, located in Gandhinagar, Gujarat.
• India’s first International Financial Services Centre (IFSC).
• Regulated by the International Financial Services Centres Authority (IFSCA), set up in 2020 under the IFSCA Act, 2019.
• Allows foreign-currency-denominated transactions in a special regulatory regime, similar to global financial centres like Singapore, Dubai, and Hong Kong.

Practice MCQs

Q1. With reference to the recent agreements between ADB and Standard Chartered Bank, consider the following statements:

1. The agreements were signed in Mumbai in June 2026.
2. The partnership covers both USD and INR transactions.
3. The Risk Participation Arrangement is routed through GIFT City, Gujarat.
4. The Partial Guarantee Facility supports onshore INR transactions.

How many of the above statements are correct?

(a) Only one (b) Only two (c) Only three (d) All four (e) None

Q2. Consider the following statements about the Asian Development Bank (ADB):

1. ADB was established in 1966 and is headquartered in Manila, the Philippines.
2. ADB has 68 members, including 49 from within the Asia-Pacific region.
3. India is a founding member of ADB.
4. ADB’s largest shareholder is the United Kingdom.

Which of the above are correct?

(a) 1, 2 and 3 only (b) 1, 3 and 4 only (c) 2 and 4 only (d) 1 and 4 only (e) All four

(Statement 4 is wrong; ADB’s largest shareholders include Japan and the United States, NOT the United Kingdom.)

Q3. With reference to Standard Chartered Bank, consider the following statements:

1. Standard Chartered is a British multinational bank headquartered in London.
2. It was formed in 1969 through the merger of the Standard Bank of British South Africa and the Chartered Bank of India, Australia and China.
3. It has a strong presence in Asia, Africa, and the Middle East.
4. Standard Chartered is a fully Indian public-sector bank under the Department of Financial Services.

Which of the above are correct?

(a) 1, 2 and 3 only (b) 1, 3 and 4 only (c) 2 and 4 only (d) 1 and 4 only (e) All four

(Statement 4 is wrong; Standard Chartered is a British multinational private bank, NOT an Indian public-sector bank.)

Q4. Consider the following statements about GIFT City:

1. GIFT City stands for Gujarat International Finance Tec-City, located in Gandhinagar, Gujarat.
2. It is India’s first International Financial Services Centre (IFSC).
3. GIFT City is regulated by the International Financial Services Centres Authority (IFSCA), set up under the IFSCA Act, 2019.
4. GIFT City does not allow any foreign-currency-denominated transactions.

Which of the above are correct?

(a) 1, 2 and 3 only (b) 1, 3 and 4 only (c) 2 and 4 only (d) 1 and 4 only (e) All four

(Statement 4 is wrong; GIFT City allows foreign-currency-denominated transactions under a special regulatory regime.)

Answer Key

1. (d), All four statements are correct.
2. (a), Statements 1, 2, 3 are correct; Statement 4 is wrong because ADB’s largest shareholders include Japan and the United States, not the United Kingdom.
3. (a), Statements 1, 2, 3 are correct; Statement 4 is wrong because Standard Chartered is a British multinational private bank, not an Indian public-sector bank.
4. (a), Statements 1, 2, 3 are correct; Statement 4 is wrong because GIFT City explicitly allows foreign-currency-denominated transactions.

Exam Relevance

Context

The National Payments Corporation of India (NPCI) has partnered with ACLEDA Bank to launch Unified Payments Interface (UPI) acceptance in Cambodia. With this, Cambodia becomes the latest country to accept UPI-based payments, strengthening India’s cross-border digital payments footprint in Southeast Asia. UPI is now live in over nine countries including the UAE, Singapore, Bhutan, Cambodia, Nepal, Sri Lanka, France, Mauritius, and Qatar.

About Cambodia:

• A culturally rich, largely rural country in mainland Southeast Asia.
• Civilization shaped over 2,000 years by Indian and Chinese cultural, religious, and architectural influences.
• Reached its classical peak under the Angkor Empire (9th to 15th century CE), famous for Angkor Wat.
• Capital: Phnom Penh.
• Currency: Cambodian Riel; the US dollar is also widely used.
• Population is largely rural, with a significant share employed in agriculture.

About UPI’s International Expansion:

• Unified Payments Interface (UPI) is India’s flagship real-time digital payment system, run by the National Payments Corporation of India (NPCI).
• It allows instant bank-to-bank money transfer through a mobile app.
• UPI is currently live in more than nine countries: UAE, Singapore, Bhutan, Cambodia, Nepal, Sri Lanka, France, Mauritius, and Qatar.

Practice MCQs

Q1. With reference to the launch of UPI payments in Cambodia, consider the following statements:

1. The launch is the result of a partnership between the National Payments Corporation of India (NPCI) and ACLEDA Bank.
2. With this launch, Cambodia becomes one of more than nine countries where UPI is live.
3. UPI is operated in India by the National Payments Corporation of India (NPCI).
4. UPI’s international expansion is driven by NPCI International Payments Limited (NIPL).

How many of the above statements are correct?

(a) Only one (b) Only two (c) Only three (d) All four (e) None

Q2. With reference to the location and borders of Cambodia, consider the following statements:

1. Cambodia is bordered by Thailand to the west and northwest.
2. Cambodia is bordered by Laos to the northeast.
3. Cambodia is bordered by Vietnam to the east and southeast.
4. Cambodia’s southwestern coastline meets the Gulf of Thailand.

How many of the above statements are correct?

(a) Only one (b) Only two (c) Only three (d) All four (e) None

Q3. With reference to Cambodia’s geography, consider the following statements:

1. The Mekong River flows about 510 km through Cambodia and serves as a major transport and economic lifeline.
2. The Tonle Sap Lake is connected to the Mekong by the Tonle Sap River and expands during the monsoon.
3. The Dangrek Mountains lie in the north, while the Cardamom and Elephant Mountains lie in the southwest of Cambodia.
4. Mount Aôral, the highest peak in Cambodia, is located in the Himalayan range.

Which of the above are correct?

(a) 1, 2 and 3 only (b) 1, 3 and 4 only (c) 2 and 4 only (d) 1 and 4 only (e) All four

(Statement 4 is wrong; Mount Aôral is located in the Cardamom and Elephant Mountains of Cambodia, not in the Himalayan range.)

Q4. Consider the following statements about UPI’s international footprint:

1. UPI is now live in countries including the UAE, Singapore, Bhutan, Cambodia, Nepal, Sri Lanka, France, Mauritius, and Qatar.
2. NPCI International Payments Limited (NIPL) is the wholly owned subsidiary of NPCI responsible for UPI’s international expansion.
3. UPI’s international expansion has been driven exclusively by partnerships with central banks of European countries.
4. UPI is one of the building blocks of India’s Digital Public Infrastructure (DPI).

Which of the above are correct?

(a) 1, 2 and 4 only (b) 1, 3 and 4 only (c) 2 and 3 only (d) 1 and 4 only (e) All four

(Statement 3 is wrong; UPI’s international expansion has involved a mix of partnerships across Asia, Europe, the Middle East, and Africa, not just European central banks.)

Answer Key

1. (d), All four statements are correct.
2. (d), All four statements are correct.
3. (a), Statements 1, 2, 3 are correct; Statement 4 is wrong because Mount Aôral is in the Cardamom and Elephant Mountains of Cambodia, not the Himalayas.
4. (a), Statements 1, 2, 4 are correct; Statement 3 is wrong because UPI’s expansion has involved partnerships across many regions, not just European central banks.

Context

India’s Andhra Pradesh Community Managed Natural Farming (APCNF) programme has won the prestigious 2026 Food Planet Prize, awarded in Båstad, Sweden. The Food Planet Prize is the world’s largest environmental award dedicated to transforming global food systems, established by Sweden’s Curt Bergfors Foundation. APCNF, launched in 2016, won over 1,000 international nominations from six continents, and now scales across 1.8 million farming families and 3,40,000 women’s Self Help Groups (SHGs) in Andhra Pradesh.

Key Facts

About the Food Planet Prize:

• It is the world’s largest environmental award focused entirely on transforming global food systems.
• Established by Sweden’s Curt Bergfors Foundation.
• Funds early-stage, high-potential projects capable of radically reshaping sustainable food value chains, rather than honouring past legacy achievements.
• The foundation also sends independent investigative journalists and photographers for unannounced on-ground verification.

About Andhra Pradesh Community Managed Natural Farming (APCNF):

• Launched by the Government of Andhra Pradesh in 2016.
• Implemented by Rythu Sadhikara Samstha (RySS), a non-profit company set up by the state’s agriculture department.
• Aims to shift Andhra Pradesh’s farmers from chemical-input-based agriculture to natural farming, based on principles like Jeevamrutham, Beejamrutham, and Acchadana (mulching).
• Key features: no chemical fertilisers or pesticides, use of cow-based bio-inputs, diverse cropping patterns, continuous soil cover, and community-led mobilisation through women’s SHGs.
• Acts as a community-based, women-led model rather than a top-down government scheme.
• Now covers 1.8 million farming families across the state.
• Aims to eventually take all six million farming households of Andhra Pradesh to natural farming.
• Linked to broader frameworks such as National Mission on Natural Farming (NMNF) and Paramparagat Krishi Vikas Yojana (PKVY).

About Natural Farming:

• A chemical-free farming approach that relies on local resources, cow-based inputs, and traditional knowledge.
• Different from organic farming in that it uses even fewer external inputs and is rooted in local, community-led practice.
• Promoted globally as a climate-smart, biodiversity-friendly, low-cost approach to agriculture.

Practice MCQs

Q1. With reference to the 2026 Food Planet Prize, consider the following statements:

1. The Food Planet Prize is the world’s largest environmental award focused on transforming global food systems.
2. It is awarded by the Curt Bergfors Foundation of Sweden.
3. The 2026 award has been won by India’s Andhra Pradesh Community Managed Natural Farming (APCNF) programme.
4. The grand prize amount is USD 1.5 million.

How many of the above statements are correct?

(a) Only one (b) Only two (c) Only three (d) All four (e) None

Q2. With reference to the Andhra Pradesh Community Managed Natural Farming (APCNF) programme, consider the following statements:

1. APCNF was launched by the Government of Andhra Pradesh in 2016.
2. It is implemented by Rythu Sadhikara Samstha (RySS) under the state’s agriculture department.
3. The programme covers about 1.8 million farming families and around 3,40,000 women’s SHGs.
4. APCNF promotes the heavy use of chemical fertilisers and pesticides to maximise yields.

Which of the above are correct?

(a) 1, 2 and 3 only (b) 1, 3 and 4 only (c) 2 and 4 only (d) 1 and 4 only (e) All four

(Statement 4 is wrong; APCNF is a chemical-free natural farming approach, NOT one that promotes heavy use of chemicals.)

Q3. With reference to the architecture of the Food Planet Prize, consider the following statements:

1. The jury follows a 50-50 split between scientific researchers and grassroots field practitioners.
2. Nominations are mapped onto a 400-spot Master Grid covering geographies, formats, and food-cycle impact points.
3. Shortlisted candidates undergo anonymous scientific review by top academics and industry experts.
4. The prize is awarded only to projects with at least 50 years of historical legacy.

Which of the above are correct?

(a) 1, 2 and 3 only (b) 1, 3 and 4 only (c) 2 and 4 only (d) 1 and 4 only (e) All four

(Statement 4 is wrong; the prize specifically funds early-stage, high-potential projects, NOT only legacy projects.)

Q4. Consider the following statements about natural farming and related policies in India:

1. Natural farming relies on local resources, cow-based inputs, and traditional knowledge, without chemical fertilisers or pesticides.
2. The Paramparagat Krishi Vikas Yojana (PKVY) is a Government of India scheme promoting organic and natural farming.
3. The National Mission on Natural Farming (NMNF) is a national-level scheme to encourage chemical-free farming.
4. Natural farming is identical to industrial high-input agriculture using genetically modified seeds.

Which of the above are correct?

(a) 1, 2 and 3 only (b) 1, 3 and 4 only (c) 2 and 4 only (d) 1 and 4 only (e) All four

(Statement 4 is wrong; natural farming is the opposite of industrial high-input agriculture, and does not depend on GM seeds.)

Answer Key

1. (d), All four statements are correct.
2. (a), Statements 1, 2, 3 are correct; Statement 4 is wrong because APCNF is a chemical-free natural farming model.
3. (a), Statements 1, 2, 3 are correct; Statement 4 is wrong because the prize specifically funds early-stage, high-potential projects, not legacy ones.
4. (a), Statements 1, 2, 3 are correct; Statement 4 is wrong because natural farming is the opposite of industrial high-input agriculture.

Exam Relevance

The Union Cabinet approved a two-year Rs. 9,585 crore scheme to replace 2.07 lakh BS-IV and older trucks and buses in Delhi-NCR with BS-VI-compliant or electric vehicles. The initiative aims to reduce vehicular pollution, improve air quality, and modernize commercial transport fleets across Delhi, Haryana, Rajasthan, and Uttar Pradesh. Benefits include interest subvention, fuel vouchers, tax concessions, registration fee waivers, and manufacturer discounts on eligible vehicles.

The Union Cabinet approved a Rs. 10,000 crore Aviation Turbine Fuel (ATF) Price Stabilisation Fund to support Indian airlines affected by rising global fuel prices. The scheme will provide interest-free advances to Oil Marketing Companies (OMCs) and ensure stable ATF pricing for airline operators. A recovery mechanism will return excess support funds to the Consolidated Fund of India when fuel prices decline.

Union Minister Jayant Chaudhary launched ‘Navachar Mantra’, a national initiative aimed at identifying, mentoring, and scaling grassroots innovations and startups. Implemented by NIESBUD with IIT Delhi’s FITT as knowledge partner, the programme offers mentorship, investor interactions, innovation showcases, and year-long support for selected innovators.

The Government of India expanded QR code tagging of Food Corporation of India (FCI) foodgrain bags to Andhra Pradesh, Telangana, and Odisha. The initiative enables end-to-end tracking of foodgrain movement, enhances transparency, prevents bag recycling, and streamlines subsidy distribution through electronic Point-of-Sale (ePoS) systems.

Hyderabad-based T-Hub launched the third cohort of its ORBIT Space-Tech Accelerator Programme and onboarded 13 startups working in propulsion systems, satellite intelligence, orbital services, geospatial technologies, and space energy systems. The accelerator is supported by Atal Innovation Mission and aims to strengthen India’s growing space-tech ecosystem.

The United Nations General Assembly elected Austria, Kyrgyzstan, Portugal, Trinidad and Tobago, and Zimbabwe as non-permanent members of the United Nations Security Council (UNSC) for the 2027–2028 term. Kyrgyzstan secured its first-ever membership of the Security Council since joining the United Nations in 1992.

The Organisation for Economic Co-operation and Development (OECD) raised India’s FY27 GDP growth forecast by 20 basis points to 6.3% in its latest Economic Outlook report. The report projects GDP growth of 7.6% in FY26 and 6.4% in FY28 while forecasting inflation at 4.8% in FY27.

Argentine football legend Lionel Messi became the first footballer to receive the prestigious Princess of Asturias Award for Sports. He was recognized for his sporting achievements, global influence, and humanitarian contributions supporting education and healthcare initiatives.

D. K. Shivakumar was sworn in as the 25th Chief Minister of Karnataka after succeeding Siddaramaiah. The oath of office was administered by Governor Thawar Chand Gehlot at Raj Bhavan, Bengaluru.

Mette Frederiksen secured a third consecutive term as Prime Minister of Denmark after forming a new centre-left coalition government following the 2026 parliamentary elections.

Shah Rukh Khan was appointed brand ambassador for Visa’s new ‘Infinitely More’ campaign in India. The campaign focuses on experience-led lifestyles, digital payments, travel, wellness, dining, and entertainment benefits.

American investment firm GQG Partners sold a 1.85% stake in GMR Airports Limited for Rs. 1,906 crore through open market transactions. The stake was acquired by Fidelity International through its investment funds.

Union Minister Hardeep Singh Puri launched India’s first flex-fuel passenger vehicle, the Maruti Suzuki Wagon R Flex-Fuel, capable of operating on ethanol-petrol blends ranging from E20 to E100. The launch supports India’s ethanol-based mobility and cleaner transportation goals.

Kona Srikar Bharat announced retirement from international cricket after representing India in seven Test matches. He will now pursue opportunities in overseas T20 leagues while continuing domestic cricket commitments.

Renowned constitutional expert and former Lok Sabha Secretary-General Subhash C. Kashyap passed away at the age of 97. A Padma Bhushan awardee, he authored over 100 books on India’s Constitution, parliamentary procedures, and political system.

Veteran film producer and former CBFC Chairman Pahlaj Nihalani passed away at the age of 76. He was known for producing several successful Bollywood films and served as CBFC Chairperson from 2015 to 2017.

The United Nations observed the International Day for the Fight Against Illegal, Unreported and Unregulated (IUU) Fishing on June 5. The day raises awareness about the environmental and economic impacts of illegal fishing and promotes sustainable fisheries management worldwide.

International Level Crossing Awareness Day (ILCAD) was observed on June 5 under the slogan “Alert Today, Safe Tomorrow”. The observance promotes safety at railway crossings and encourages responsible behaviour among road and rail users.

The Government of Telangana signed a cooperation agreement with the German state of Thuringia to strengthen collaboration in skill development, innovation, industrial growth, workforce training, startups, and life sciences. The partnership also includes plans for a German Language Training Hub in Hyderabad to improve overseas employment opportunities.