Current Affairs 01 June 2026
National Affairs
Union Minister Dr. Jitendra Singh Inaugurates India's First 'SkyCast' System at IGI Airport, New Delhi
Union MoS (IC) Dr. Jitendra Singh, Ministry of Earth Sciences (MoES) and Ministry of Science and Technology (MoS&T), inaugurated India's first 'SkyCast System', a weather aviation monitoring system, at Indira Gandhi International (IGI) Airport, New Delhi, Delhi.
Developed under 'Mission Mausam', the system marks India as the 19th country globally to deploy an integrated aviation weather monitoring system.
Objective: Enhance aviation safety and reduce fog-related disruptions through real-time weather monitoring and up to 3-hour advance alerts.
Technology:
| Instrument | Function |
|---|---|
| Radar Wind Profiler (RWP) | Wind monitoring up to 3 km altitude |
| Sonic Detection and Ranging (SODAR) | Atmospheric profiling |
| Microwave Radiometer | Atmospheric temperature & humidity profiling |
| Ground-based Fog Aerosol Spectrometer (GFAS) | Fog detection |
| CL61 Lidar-based Ceilometer | Cloud base height measurement |
| Automated Weather Stations (AWS) | Surface weather monitoring |
Support: MoES, IMD, IITM Pune, Delhi International Airport Limited (DIAL), and GMR Group.
NITI Aayog Releases 'Future of India's Semiconductor Industry' Roadmap
NITI Aayog's Frontier Tech Hub released India's first comprehensive 10-year roadmap titled 'Future of India's Semiconductor Industry', outlining a long-term vision to strengthen India's position in the global semiconductor value chain.
Unveiled by Union Minister Nirmala Sitharaman (MoF & MCA) and Union Minister Ashwini Vaishnaw (MoR, MIB & MeitY).
| Parameter | Detail |
|---|---|
| Objective | Transform India from a consumer of semiconductor products into a globally recognized leader in manufacturing, chip design, advanced packaging, testing & innovation |
| Vision | Build a USD 120–150 billion semiconductor value chain by 2035 |
| Market Share Target | 10–13% of the global semiconductor market by 2035 |
| Strategy | 'More-than-Moore' strategy — mature logic nodes, OSAT packaging & wide-bandgap compound materials for next-gen applications |
| Imports Outlook | India imported nearly USD 150 billion worth of semiconductor products during FY17–FY25; annual imports could rise to ~USD 240 billion by 2035 if current trends continue |
MCA Expands Schedule VII & Amends CSR Rules to Enable Subscription to ZCZP Instruments
The Ministry of Corporate Affairs (MCA) expanded Schedule VII of the Companies Act, 2013 by including subscription to Zero Coupon Zero Principal (ZCZP) Instruments listed on Social Stock Exchanges (SSEs) as an eligible Corporate Social Responsibility (CSR) activity and notified the Companies (CSR Policy) Amendment Rules, 2026, effective 27 May 2026.
Objective: Enable eligible NPOs to raise funds for public welfare projects through a transparent and regulated mechanism while allowing companies to meet CSR obligations through ZCZP Instruments.
Framework: CSR is governed under Section 135 of the Companies Act, 2013, with Schedule VII prescribing eligible CSR activities aligned with national development priorities.
Compliance: CSR expenditure through ZCZP Instruments is capped at 10% of a company's total annual CSR spending; responsibility for project execution and evaluation remains with the issuing NPO under Rule 4A.
DFS Launches 'Common Landing Portal' for Unclaimed Financial Assets
The Department of Financial Services (DFS), Ministry of Finance (MoF), launched the Common Landing Portal for Unclaimed Financial Assets to facilitate easier access to information relating to unclaimed financial assets.
Launched by M. Nagaraju, Secretary, DFS, during a high-level review meeting of PSBs in New Delhi, Delhi.
Objective: Developed in collaboration with PSB Alliance; improves transparency and citizen convenience in the banking system.
Categories: Users can search across multiple unclaimed asset categories:
- Bank deposits
- Insurance claims
- Shares and dividends
- Mutual fund investments
Awareness Initiative: Builds upon the nationwide campaign "आपकी पूँजी, आपका अधिकार (Your Money, Your Right)", launched by DFS in coordination with financial sector regulators, banks, and other stakeholders.
Alignment: Aligns with Viksit Bharat 2047 and promotes financial inclusion, public awareness, and easier access to financial information.
Odisha, Intel & 3DGS Sign Agreement to Bring Substrate Manufacturing Technology to India
Odisha signed a Memorandum of Understanding (MoU) with Intel Corporation and 3D Glass Solutions Inc. (3DGS Inc.), USA, to establish a USD 3.3 billion (~₹31,600 crore) Advanced Packaging Glass Core Substrate Manufacturing Facility in the Bhubaneswar–Khurda region, Odisha — one of India's largest high-technology manufacturing investments.
Signed in the presence of Union Minister Ashwini Vaishnaw (MeitY), CM Mohan Charan Majhi (Odisha), and Lip-Bu Tan, CEO, Intel.
| Parameter | Detail |
|---|---|
| Implementation | Phased over 5–6 years |
| Focus | Advanced packaging glass-core substrates, high-density interconnect substrates & semiconductor technologies; Intel provides technology and process expertise |
| Significance | Builds on the India Semiconductor Mission (ISM) to strengthen domestic manufacturing, design ecosystem & supply chain capabilities |
| Impact | Positions Odisha as a global semiconductor hub; generates high-skilled and indirect employment |
Banking & Finance
SEBI's NISM Partners with Galgotias University to Expand Industry-Aligned Financial Education
The National Institute of Securities Markets (NISM), established by SEBI, entered into a strategic partnership with Galgotias University, Uttar Pradesh (UP), to bolster professional learning opportunities in securities markets, financial services, derivatives, fintech, and risk management.
Real-time Financial Situations: The University's School of Business and the Centre for Capital Market Simulation provide exposure to real-time market scenarios through the centre's SMART Lab on the NSMART platform.
Key Benefits: Students gain access to NISM certifications, e-learning modules, certification-linked learning pathways, and academic support in securities markets, mutual funds, equity derivatives, and portfolio management, among others.
Resource Support: NISM will facilitate e-learning programmes, faculty development modules, assessment support, and expert engagement sessions.
Bajaj Finserv Partners with IIT-B to Launch 'Finserv Intelligence' for AI & Deep-Tech Research
Bajaj Finserv Limited (BFS), in partnership with IIT Bombay, Mumbai, Maharashtra, announced the launch of 'Bajaj Finserv Intelligence' to support India's research and innovation in AI and deep technology.
| Parameter | Detail |
|---|---|
| Investment Plans | Strategic initiative with a 5–10 year horizon; committed ₹1,500–₹2,000 crore over 5 years in AI innovation startups |
| MoU with IIT-B | Joint research centre; projects focusing on AI, cybersecurity, quantum technologies & retail experience and innovations |
| Key Areas | Beyond financial services: digital financial inclusion, health technology, preventive healthcare & climate solutions |
Awards & Recognitions
TN Farmer Valluvan Honoured as 'FAO Soil Farmer Hero' for Sustainable Agriculture Practices
Valluvan, a coconut farmer from Pollachi district, Tamil Nadu (TN), was honoured as the United Nations (UN) Food and Agriculture Organisation (FAO) 'Soil Farmer Hero'.
He received the award for transforming his 11 hectare (ha) holding into a ₹2.5 to 3 lakh per acre enterprise through multi-crop, tree-based farming.
Supported By: Isha Foundation's 'The Save Soil-Cauvery Calling programme', promoted by spiritual leader Sadhguru Jaggi Vasudev.
Crop Diversification: Expanded from 3 crop varieties to over 14 types: coconut, nutmeg, pepper, seven banana varieties, turmeric, elephant yam, curry leaves, and 30 tree varieties.
Appointments & Resignations
Defence Secretary Rajesh Kumar Singh Assigned Additional Charge as DRDO Chairman & Defence R&D Secretary
Rajesh Kumar Singh, Defence Secretary, Ministry of Defence (MoD), was assigned the additional charge of Secretary, Department of Defence Research and Development (DDR&D) and Chairman of DRDO, in addition to his existing responsibilities.
Assumed additional responsibilities on May 31, 2026, following the completion of Dr. Samir V. Kamat's tenure.
| Detail | Info |
|---|---|
| Profile | 1989-batch IAS officer of the Kerala cadre |
| Defence Secretary | Formally took over after serving as OSD (Defence Secretary-designate) from August 20, 2024 |
| Previous Roles | Secretary, DPIIT under MoC&I (April 2023 – August 2024); Secretary, Department of Animal Husbandry and Dairying under MoFAHD |
Obituary
Senior Congress Leader & Former Kerala MP K.P. Dhanapalan Passes Away
Senior Congress leader and former Member of Parliament (MP) K.P. Dhanapalan passed away at the age of 76 in Paravur, Ernakulam district, Kerala, on 30 May 2026. Born on 14 April 1950 in Ernakulam, Travancore-Cochin (present-day Kerala).
Early Life: Began public life through student politics with the Kerala Students Union (KSU).
| Role | Details |
|---|---|
| Electoral Entry | North Paravur Municipal Councillor (1979) |
| Party Positions | President, Ernakulam District Congress Committee (DCC); key positions in KPCC; Member, AICC |
| Parliamentary Career | Elected to the 15th Lok Sabha from Chalakudy (2009–2014) |
| Other Roles | Chairman of Milma; contributed to local governance and regional banking |
Books & Authors
Union Minister Rajnath Singh Releases Commemorative Volume on Operation Sindoor
Union Minister Rajnath Singh, Ministry of Defence (MoD), released a commemorative volume titled "Operation Sindoor", documenting the experiences and testimonies of 100 personnel from the Indian Armed Forces who participated in the operation, at a ceremonial event in New Delhi.
Attended By: CDS General Anil Chauhan, COAS General Upendra Dwivedi, CNS Admiral Dinesh K. Tripathi, and CAS Air Chief Marshal A.P. Singh.
Testimonies: First-hand accounts from Army, Navy, Air Force, and integrated defence personnel, offering insights into modern joint warfare operations.
Compilation: Under the guidance of CDS General Anil Chauhan. Contributions coordinated by defence communication agencies; publication support by the United Service Institution of India (USI).
Operation Sindoor: Launched on 7 May 2025 following the Pahalgam terror attack, targeting terror infrastructure and showcasing India's integrated multi-domain warfare capabilities.
Important Days at a Glance
| Date | Event | Key Theme / Significance |
|---|---|---|
| May 25–31 | International Week of Solidarity with the Peoples of Non-Self-Governing Territories (NSGTs) | Reaffirms the right to self-determination and independence while promoting decolonization, human rights & sustainable development. Established via UNGA Resolution A/RES/54/91 ("Implementation of the Declaration on the Granting of Independence to Colonial Countries and Peoples") in December 1999. First observed from 25–31 May 2000. |
Current Affairs 01 June 2026 One Liner Question Answer
1. Which Union Minister inaugurated India’s first ‘SkyCast’ aviation weather monitoring system at IGI Airport, New Delhi?
Answer: Dr. Jitendra Singh.
2. Under which mission was the SkyCast Aviation Weather Monitoring System developed?
Answer: Mission Mausam.
3. India became the ______ country in the world to deploy an integrated aviation weather monitoring system.
Answer: 19th country.
4. Which organization released the 10-year roadmap titled ‘Future of India’s Semiconductor Industry’?
Answer: NITI Aayog’s Frontier Tech Hub.
5. By which year does the semiconductor roadmap aim to build a USD 120–150 billion semiconductor value chain?
Answer: 2035.
6. What percentage of the global semiconductor market could India capture by 2035 according to the roadmap?
Answer: 10–13%.
7. Which ministry expanded Schedule VII of the Companies Act, 2013 to include ZCZP Instruments as a CSR activity?
Answer: Ministry of Corporate Affairs (MCA).
8. CSR expenditure through ZCZP Instruments is capped at what percentage of a company's annual CSR spending?
Answer: 10%.
9. Which department launched the Common Landing Portal for Unclaimed Financial Assets?
Answer: Department of Financial Services (DFS).
10. What was the awareness campaign launched by DFS for unclaimed financial assets?
Answer: "आपकी पूँजी, आपका अधिकार (Your Money, Your Right)".
11. Which state signed an MoU with Intel and 3D Glass Solutions to establish an advanced packaging glass core substrate manufacturing facility?
Answer: Odisha.
12. What is the estimated investment for the semiconductor manufacturing facility in Odisha?
Answer: USD 3.3 billion (over ₹31,600 crore).
13. Which institution partnered with Galgotias University to strengthen financial market education?
Answer: National Institute of Securities Markets (NISM).
14. Which company partnered with IIT Bombay to launch ‘Finserv Intelligence’?
Answer: Bajaj Finserv Limited.
15. How much investment has Bajaj Finserv committed for AI innovation startups over five years?
Answer: ₹1,500–2,000 crore.
16. Which Tamil Nadu farmer received the FAO Soil Farmer Hero award?
Answer: Valluvan.
17. Valluvan belongs to which district of Tamil Nadu?
Answer: Pollachi district.
18. Who was given additional charge as Chairman of DRDO and Secretary, Department of Defence Research and Development?
Answer: Rajesh Kumar Singh.
19. Rajesh Kumar Singh is a ______ batch IAS officer of the Kerala cadre.
Answer: 1989 batch.
20. Which former Congress MP from Kerala passed away in May 2026?
Answer: K. P. Dhanapalan.
21. Which Union Minister released the commemorative volume titled "Operation Sindoor"?
Answer: Rajnath Singh.
22. Operation Sindoor was launched on which date following the Pahalgam terror attack?
Answer: 7 May 2025.
23. The commemorative volume on Operation Sindoor contains testimonies from how many armed forces personnel?
Answer: 100 personnel.
24. The International Week of Solidarity with the Peoples of Non-Self-Governing Territories is observed every year from which dates?
Answer: 25–31 May.
25. In which year was the first International Week of Solidarity with the Peoples of Non-Self-Governing Territories observed?
Answer: 2000.
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