Current Affairs 22 June 2026

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National Affairs

India Assumes Vice-Presidency of FATF for the First Time; Appoints Vivek Aggarwal
India was elected as the Vice-President of the Financial Action Task Force (FATF) for the first time during the FATF Plenary meeting in Paris, reinforcing its role in combating money laundering and counter-terrorist financing.

• The Appointment: Vivek Aggarwal (Secretary, Ministry of Culture) has been appointed Vice-President of the FATF for the July 2026–June 2027 term, succeeding Giles Thomson of the UK. (Thomson will take over as FATF President).
• Framework: The FATF Presidency runs on a two-year term. The Vice-President is elected from among its 40 members to assist in shaping global policy against emerging financial threats.
• Evaluation: Aggarwal previously led India’s delegation during the Mutual Evaluation process, where the FATF global network successfully validated India’s regulatory compliance and legal framework resilience.

India Unveils First Digital Space-Sector Capabilities Repository During ISC 2026
India’s 1st digital repository of space-sector capabilities, the “Indian Space Industry E-Catalogue,” was launched at the 5th edition of the Indian Space Congress (ISC) 2026 in New Delhi.

• Digital Database: Developed by the Satcom Industry Association (SIA)-India, the platform acts as a unified database bringing together over 200 verified space and defence companies across nearly 20 domains.
• Release of Reports: The event also witnessed the launch of two critical reports: one on building India’s on-orbit servicing and refuelling ecosystem (with OrbitAID), and another examining India's strategic opportunity in space-based compute infrastructure (with TakeMe2Space).

Osmania University Becomes India’s First University to Achieve Four ISO Certifications
Osmania University in Hyderabad became the first university in India to simultaneously receive four International Organization for Standardization (ISO) Management System Certifications from the Bureau of Indian Standards (BIS).

• The Certifications: ISO 21001:2018 (Educational Organisations Management), ISO 14001:2015 (Environmental Management), ISO 50001:2018 (Energy Management), and ISO 22000:2018 (Food Safety Management).
• Evaluation & Accreditation: Awarded after a comprehensive BIS assessment, this milestone reflects the university’s massive commitment to quality education, environmental sustainability, and globally accepted management practices.

KSSL and AM General Partner for Global Mounted Artillery Gun Systems
Kalyani Strategic Systems Limited (KSSL), the defence arm of Bharat Forge Limited, signed a strategic partnership with US-based AM General at Eurosatory 2026 in Paris to jointly develop next-generation 155 mm mounted artillery gun systems.

• Platform: Integrates KSSL’s combat-proven Mounted Artillery Gun (MARG) system with AM General’s legendary military mobility expertise.
• Technology: Features a 52-calibre 155 mm cannon, patented Soft Recoil Technology (SRT), and advanced fire-control systems for direct and indirect fire missions.
• Capability: The high-mobility system can engage targets beyond 40 km and offers strategic transportability across diverse terrains and weather conditions.

IITM & ARIES Sign MoU to Establish BCON Climate Observation Station in the Himalayas
The Indian Institute of Tropical Meteorology (IITM) signed a 50+ year MoU with the Aryabhatta Research Institute of Observational Sciences (ARIES) to establish a long-term climate observation station at Devasthal, Uttarakhand.

• Objective: Executed under the Ministry of Earth Sciences' Mission Mausam, it will establish a Bharat Climate Observation Network (BCON) station to monitor long-term high-precision climate data.
• Observation Focus: Will rigorously monitor meteorological parameters, greenhouse gases, short-lived climate forcers, and atmospheric chemistry in the Himalayan region.
• Climate Modelling: The data will validate Earth System Models (ESMs) and drastically enhance the IITM-ESM for more accurate regional climate projections.

International Affairs

Overview of the 52nd G7 Summit Held in France
The 52nd Group of Seven (G-7) Summit was hosted in Évian-les-Bains, France, under the French Presidency of Emmanuel Macron. The summit was themed “Working Together to Address Major International Challenges.”

• India’s Participation: Prime Minister Narendra Modi represented India as a partner country at the invitation of President Macron, marking India’s 13th appearance at the summit.
• Key Outcomes:

1. Adoption of the “Leaders’ Declaration on Tackling Migrant Smuggling”.
2. Launch of the “POWERR Asia” partnership by Japan to provide $10 billion to secure energy/mineral supply chains.
3. Unveiling of the Declaration on Critical Minerals Supply Chains.
4. Signing of a 14-point MoU between the USA and Iran to halt the West Asia conflict.

• Next Host: The 53rd edition of the G7 Summit will be hosted by the USA.

Banking & Finance

BSE Launches India’s First Saatvik Index ‘BSE Saatvik 100’ to Promote Ethical Investing
BSE Index Services Private Limited launched India’s 1st Saatvik Index, named ‘BSE Saatvik 100’, to offer domestic investors a dedicated avenue for ethical and value-based investing.

• Derivation & Base Value: Derived from the constituents of the BSE 500 Index that align with Saatvik principles. It features a base value of 1000 (first value date: June 20, 2005) and is reconstituted semi-annually.
• Key Applications: The index will be utilized to run passive strategies like ETFs and Index Funds, and will serve as a benchmark for Portfolio Management Services (PMS) and Mutual Fund schemes.

IRDAI Constitutes AI Working Group Led by Prof. Sandeep Shukla
The Insurance Regulatory and Development Authority of India (IRDAI) formed a 7-member Working Group on Artificial Intelligence (WG-AI) chaired by Prof. Sandeep K. Shukla (Director, IIIT Hyderabad).

• Composition: Includes 6 expert members alongside the chairperson. Deepak Gaikwad (GM & CISO, IRDAI) has been appointed as the member-convener.
• Terms of Reference (ToR): Tasked with reviewing AI systems, assessing AI maturity in the insurance sector, and recommending an ethical, transparent governance framework for claims management and fraud prevention.
• Timeline: The WG-AI is mandated to submit its comprehensive recommendations within 3 months.

Federal Bank Launches FCNR Max Deposit Scheme with 6.25% Interest
Federal Bank Limited introduced the FCNR Max Deposit Scheme, a specialized foreign currency term deposit for Non-Resident Indians (NRIs), offering a highly lucrative 6.25% annual interest on USD deposits (3–5 year tenures).

• Eligibility & Facility: Exclusively for NRIs with a minimum deposit of $500. Uniform rates apply even for deposits exceeding $1 million. Loans against the deposits are permitted.
• Lock-in Period: A strict one-year lock-in period applies. Early closure after this period incurs a 1% interest penalty.
• BoB Competitor Scheme: Simultaneously, Bank of Baroda launched the ‘bob Legend FCNR(B)’ scheme, offering up to 6.50% for 5-year USD deposits.

Awards & Recognitions

Jainendra K. Jain Becomes First Person of Indian Origin to Receive Wolf Prize in Physics
Indian-American theoretical physicist Jainendra K. Jain was awarded the highly prestigious 2025 Wolf Prize in Physics in Jerusalem, Israel, for his groundbreaking discovery of Composite Fermions.

• The Achievement: His 1989 discovery revolutionized the understanding of the Fractional Quantum Hall Effect (FQHE), leading to the "Jain Sequences." He is the first person of Indian origin to win the physics prize since its 1978 inception.
• Shared Honour: He shared the award with James P. Eisenstein and Mordehai Heiblum.
• Profile: Born in Rajasthan, Jain is the Evan Pugh University Professor at Penn State University and the Founding Director of the Lodha Theoretical Physics Institute in Mumbai.

CPCL Upgraded to Navratna CPSE Status; Becomes India’s 28th Navratna
The Department of Public Enterprises upgraded Chennai Petroleum Corporation Limited (CPCL) from a Miniratna Category-I to a Navratna Central Public Sector Enterprise (CPSE) after it recorded a massive turnover of ₹59,400 crore in FY26.

• Eligibility Criteria: To achieve Navratna status, a Schedule-A CPSE must hold Miniratna Category-I status, secure "Excellent" or "Very Good" MoU ratings in 3 of the past 5 years, and score at least 60/100 across six financial parameters.
• Navratna Benefits: CPCL can now independently invest up to ₹1,000 crore or 15% of its net worth in a single project without requiring prior government approval.

Appointments & Resignations

UCO Bank’s ED Rajendra Kumar Saboo Given Additional Charge as MD & CEO
The Department of Financial Services (DFS) approved Rajendra Kumar Saboo, current Executive Director (ED) of UCO Bank, to take on the additional charge of Managing Director & CEO of the bank.

• The Tenure: Effective from June 19, 2026, he will hold the post until August 31, 2026, or until a regular incumbent is appointed. He succeeds Ashwani Kumar, whose tenure ended in May 2026.
• Previous Roles: An experienced banker who started as a PO in 1994, he previously served as Chief General Manager (CGM) at Punjab National Bank before becoming UCO Bank's ED in 2022.

Sports

2026 Doha Diamond League: Neeraj Chopra Finishes 4th; Rumesh Pathirage Wins Gold
At the 2026 Doha Diamond League held at the Suhaim bin Hamad Stadium in Qatar, Indian javelin star Neeraj Chopra finished in fourth place with a best throw of 85.69m.

• Podium Finishers: Sri Lanka’s Rumesh Tharanga Pathirage stunned the field to win Gold with an 88.68m throw. Anderson Peters (Grenada) took Silver with 86.38m, and Curtis Thompson (USA) took Bronze with 85.99m.
• Overview: The Doha event was the seventh of 14 qualifying meetings in the 2026 Wanda Diamond League season, organized by World Athletics.

State News

Maharashtra Partners with Google for Education to Train 4 Lakh Teachers in AI
The School Education Department of Maharashtra signed a Letter of Intent (LoI) with Google for Education to deliver Artificial Intelligence (AI) and digital technology training to over 4 lakh state teachers over the next 18 months.

• Aim: Aligned with the NEP 2020, the initiative will drastically strengthen teachers’ digital competencies and promote technology-enabled learning in classrooms.
• Implementation: Master trainers will be cultivated under the Google AI Educator Series, who will subsequently train teachers statewide. Google is providing this massive program entirely free of cost.
• Features: Training modules will be widely accessible, offered in Marathi, Hindi, and English.

Important Days at a Glance

Current Affairs 22 June 2026 Oneliner Question Answer

1. For the first time, India was elected as the Vice-President of which global organization?
Answer: Financial Action Task Force (FATF).

2. Who was appointed as India's first Vice-President of the FATF?
Answer: Vivek Aggarwal.

3. What is the name of India's first digital repository of space-sector capabilities launched during ISC 2026?
Answer: Indian Space Industry E-Catalogue.

4. Which university became the first in India to receive four ISO Management System Certifications simultaneously?
Answer: Osmania University.

5. Which two companies partnered to develop next-generation mounted artillery gun systems?
Answer: Kalyani Strategic Systems Limited (KSSL) and AM General.

6. Which two institutions signed an MoU to establish a BCON Climate Observation Station in the Himalayan region?
Answer: IITM Pune and ARIES Nainital.

7. Which country hosted the 52nd G7 Summit in June 2026?
Answer: France.

8. What was the theme of the 52nd G7 Summit 2026?
Answer: “Working Together to Address Major International Challenges.”

9. Which stock exchange launched India's first ethical investing index, 'BSE Saatvik 100'?
Answer: Bombay Stock Exchange (BSE).

10. Who was appointed as the Chairman of IRDAI's AI Working Group?
Answer: Prof. Sandeep K. Shukla.

11. Which bank launched the FCNR Max Deposit Scheme offering 6.25% interest on USD deposits?
Answer: Federal Bank.

12. Which Indian-origin physicist became the first person of Indian origin to receive the Wolf Prize in Physics?
Answer: Jainendra K. Jain.

13. Which public sector enterprise became India's 28th Navratna CPSE?
Answer: Chennai Petroleum Corporation Limited (CPCL).

14. Who was given additional charge as the MD and CEO of UCO Bank?
Answer: Rajendra Kumar Saboo.

15. Which Indian athlete finished fourth in the men's javelin throw at the 2026 Doha Diamond League?
Answer: Neeraj Chopra.

16. Who won the men's javelin throw title at the 2026 Doha Diamond League?
Answer: Rumesh Tharanga Pathirage.

17. International Day for the Elimination of Sexual Violence in Conflict is observed every year on which date?
Answer: 19 June.

18. What is the theme of the International Day for the Elimination of Sexual Violence in Conflict 2026?
Answer: “Conflict-Related Sexual Violence Against Children: Safeguarding Futures and Empowering Caregivers.”

19. World Sickle Cell Day is observed annually on which date?
Answer: 19 June.

20. What is the theme of World Sickle Cell Day 2026?
Answer: “Closing the Survival Gap: Equity in Sickle Cell Disease.”

21. National Reading Day is celebrated every year in India on which date?
Answer: 19 June.

22. Which state partnered with Google for Education to train over 4 lakh teachers in AI?
Answer: Maharashtra.