Current affairs relevant to GS3.
The Ministry of Steel granted Miniratna Category-I status to MECON Limited, a Schedule 'A' CPSE based in Ranchi. MECON made profits in each of the last three years, with profit before tax of ₹104.53 crore in FY 2025-26, and had a net worth of ₹535.42 crore on 31 March 2026, meeting DPE criteria. The status gives its Board more autonomy.
1 Jul 2026
On 1 July 2026 the Cabinet Committee on Economic Affairs approved the 117.7 km Kanpur-Kabrai access-controlled greenfield highway in Uttar Pradesh at ₹7,145.14 crore. NHAI will build it on BOT (Toll) mode as part of the Bhopal-Kanpur Economic Corridor. Travel time will fall from 3.5 hours to 1.5 hours.
1 Jul 2026
GST, launched on 1 July 2017, completed nine years. A PIB backgrounder says GST taxpayers grew from 66.5 lakh in 2017 to 1.65 crore in May 2026, and gross collection rose from about ₹13.76 lakh crore in 2021-22 to about ₹22.27 lakh crore in 2025-26. The Next-Gen GST reforms of September 2025 moved to two main slabs, 5% and 18%.
30 Jun 2026
The boards of Power Finance Corporation and REC Limited approved a scheme to merge REC into PFC under Sections 230 to 232 of the Companies Act, 2013. The merged lender will have a loan book of over ₹11 lakh crore. REC shareholders will get 88 PFC shares for every 100 REC shares, and the entity must stay a Government Company.
30 Jun 2026
UPI went live in Greece on 30 June 2026 through a partnership between Eurobank and NIPL, launched at Eurobank's headquarters in Athens in the presence of the Union Commerce and Industry Minister. Eligible customers can now send money instantly and securely at a fraction of the cost of conventional transfers. The visit also pushed India-Greece trade and investment ties.
30 Jun 2026
The Union Cabinet approved an additional Government commitment of ₹30,000 crore to the National Investment and Infrastructure Fund (NIIF), taking the total to ₹60,000 crore, the Finance Ministry said on 29 June 2026. The money will set up NIIF Infrastructure Fund II, with a target corpus of close to ₹30,000 crore, and back new fund strategies.
29 Jun 2026
India's Index of Industrial Production grew 5.1% in May 2026, MoSPI said on 29 June 2026, led by manufacturing (5.5%) and electricity and gas (9.9%), while mining fell 1.6%. MoSPI also replaced WPI with the new Output Producer Price Index as deflator for value-based items in the IIP base 2022-23, re-releasing the whole series.
29 Jun 2026
The Petroleum Ministry withdrew, from 1 July 2026, temporary curbs on retail petrol and diesel sales at public sector outlets. The order of 12 June 2026 had capped diesel at 200 litres per customer or vehicle a day and made bulk users buy from consumer pumps, after a West Asia crisis created a gap between retail and bulk prices.
29 Jun 2026
The Health Ministry launched the Unified Health Interface (UHI) on 29 June 2026. UHI is the service layer of the Ayushman Bharat Digital Mission: an open network with common standards that lets patients and verified providers find and book each other across any compatible app. Live services include blood bank, ambulance, Jan Aushadhi and PMJAY hospital search.
29 Jun 2026
The Health Ministry published draft amendments to the Medical Devices Rules, 2017 on 28 June 2026 to speed up manufacturing licences. Class B devices such as BP monitors would get licences in 115 days instead of 140, and Class C and D devices such as cardiac stents in 90 days instead of 105, with stage-wise timelines.
28 Jun 2026