Current affairs relevant to GS3.
The National Statistics Office released a final, uniform guideline on 3 June 2026 for compiling District Domestic Product (DDP) with base year 2022-23. It covers Gross and Net District Domestic Product and district per capita income, using a bottom-up approach wherever data allow. Currently 26 States/UTs compile DDP estimates.
3 Jun 2026
NPCI International Payments Limited and Cambodia's ACLEDA Bank launched UPI acceptance in Cambodia on 3 June 2026 through KHQR, Cambodia's national QR code on the Bakong system. Indian travellers can now pay at over 4.5 million Cambodian merchants. Cambodia is the ninth country to accept UPI; a two-way corridor will follow.
3 Jun 2026
On 3 June 2026 the Union Cabinet approved one-time support of up to ₹10,000 crore as interest-free advances to oil marketing companies, so they can sell aviation turbine fuel (ATF) to scheduled Indian airlines at stable prices. International ATF prices rose from ₹60.50 to ₹142 a litre between March and May 2026. The advance is recovered when prices ease.
3 Jun 2026
The Agriculture Ministry reviewed monsoon readiness on 2 June 2026 after IMD indicated a below-normal 2026 southwest monsoon, at about 90 per cent of the Long Period Average, with El Niño possibly developing. States were told to activate district contingency plans. Reservoir storage stood at 127.01 per cent of normal, and seed stocks were reported sufficient.
2 Jun 2026
DRDO and the Indian Air Force successfully flight-tested the RudraM-II air-to-surface missile from an airborne platform, the Defence Ministry said on 2 June 2026. The tests were done under extreme release conditions, and the missiles hit a predefined target with pin-point accuracy. Research Centre Imarat, Hyderabad, is the nodal laboratory.
2 Jun 2026
The third mountain tunnel of the Mumbai–Ahmedabad bullet train in Maharashtra, MT-07, broke through at Ambesari village in Dahanu taluka, Palghar, on 2 June 2026. It is 417 metres long and 14.4 metres wide, wide enough for both tracks. It follows MT-05 in January and MT-06 in February 2026.
2 Jun 2026
The Centre's provisional accounts for 2025-26, released on 1 June 2026, show total receipts of ₹33,85,982 crore, or 99.4% of the Revised Estimate, and total expenditure of ₹49,05,151 crore, or 98.8% of RE. Interest payments took ₹12,42,575 crore. States received ₹13,92,971 crore as tax devolution, ₹1,06,086 crore more than the year before.
1 Jun 2026
MoSPI shifted the Index of Industrial Production to base year 2022-23 from 2011-12 and released the first figures on 1 June 2026. Industrial output grew 4.9% in April 2026, led by manufacturing at 6.2%; mining fell 5.1%. The new series adds a fourth sector, water supply, sewerage and waste management, with its own weight.
1 Jun 2026
The India–Oman Comprehensive Economic Partnership Agreement entered into force on 1 June 2026. Signed in Muscat on 18 December 2025, it gives zero-duty access to 99.38% of India's exports to Oman by value. Oman has opened 127 services sub-sectors, while India kept dairy, cereals, edible oils and other sensitive items out.
1 Jun 2026
To raise cotton supply for textile mills, the Centre temporarily exempted all customs duties on cotton imports from 1 June to 31 October 2026. Earlier, on 5 May 2026, the Cabinet approved the Mission for Cotton Productivity with an outlay of ₹5,659.22 crore for 2026-27 to 2030-31, aiming for 498 lakh bales and lint productivity of 755 kg/ha by 2031.
30 May 2026