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Daily Current Affairs: 2 & 3 June 2026

Current affairs of 2 & 3 June 2026: PM SVANidhi: Six Years of the Street Vendor Credit Scheme; BrahMos Missile: India’s Export Deals and Key Features; Project UDAYAK: BRO’s Eastern Arunachal Road Unit, and 18 more topics. Key facts for every exam, with a quiz.

Take the quiz (15 questions)June 2026
21 TOPICSDaily CurrentAffairs2 & 3 June 2026In focus: PM SVANidhi: Six Years of the Street…safalsetu.com

In this issue: 21 topics

National Affairs

  1. K. P. Dhanapalan, Former Chalakudy MP, Dies at 76

Government Schemes

  1. PM SVANidhi: Six Years of the Street Vendor Credit Scheme
  2. ABDM Crosses 90 Crore ABHA Health Accounts: Notes

Banking & Finance

  1. RBI Gold Sale Report: $12 Billion Sold to Back Forex Assets
  2. Common Landing Portal for Unclaimed Financial Assets Launched
  3. NISM and Galgotias University Tie Up on Finance Education
  4. Finserv Intelligence: Bajaj Finserv and IIT Bombay AI Push

Economy

  1. WPI to Be Phased Out for the New Producer Price Index
  2. ZCZP Instruments Allowed as CSR Spend on Social Stock Exchanges

Agriculture & Rural

  1. Khet Bachao Abhiyan: June 2026 Farm Outreach Drive

Science & Technology

  1. MAHA Water Mission: Rs.200-Crore Water Innovation Push
  2. SkyCast: India’s First Aviation Weather System at IGI
  3. Odisha-Intel-3DGS MoU: $3.3 Billion Glass Substrate Plant

Defence & Security

  1. BrahMos Missile: India’s Export Deals and Key Features
  2. Project UDAYAK: BRO’s Eastern Arunachal Road Unit
  3. Admiral Krishna Swaminathan Takes Over as Navy Chief
  4. DRDO Chairman: Rajesh Kumar Singh Gets Extra Charge
  5. Operation Sindoor Commemorative Volume Released

Reports & Indexes

  1. India’s MMR Eases to 87 in 2022-24: SRS Bulletin Notes
  2. NITI Aayog Semiconductor Roadmap: India’s 2035 Chip Goals

Awards & Persons

  1. FAO Soil Farmer Hero: Valluvan of Pollachi, Tamil Nadu

National Affairs

Government Schemes

Banking & Finance

2. PM SVANidhi: Six Years of the Street Vendor Credit Scheme

  • PM SVANidhi began in June 2020 and offers collateral-free loans of ₹15,000, ₹25,000 and ₹50,000 in stages.
  • Vendors get a 7% annual interest subsidy on timely or early repayment, plus digital transaction cashback.
  • Lending is extended to March 2030, targeting 1.15 crore vendors including 50 lakh new ones.
  • SIDBI is the technical and implementation partner and manages the credit guarantee trust fund.
Full notes and 3 MCQs ›
Government Schemes

3. ABDM Crosses 90 Crore ABHA Health Accounts: Notes

  • ABDM has generated over 90 crore Ayushman Bharat Health Accounts (ABHAs); it was launched in September 2021.
  • The mission is run by the National Health Authority (NHA), which functions under the Union health ministry (MoHFW).
  • ABHA is a 14-digit unique digital health identifier, often called a 'Health Aadhaar'.
  • ABDM rests on six building blocks: ABHA, HPR, HFR, HIE-CM, UHI and NHCX.
Full notes and 3 MCQs ›

Banking & Finance

Economy

4. RBI Gold Sale Report: $12 Billion Sold to Back Forex Assets

  • Bloomberg Economics estimated RBI may have sold about USD 12 billion of gold in the two weeks to 22 May.
  • In the same stretch it appears to have added roughly USD 7.5 billion of foreign-currency assets.
  • Rupee pressure from capital outflows, costlier oil and a wider current account deficit is seen as the driver.
  • India's reserves have four parts: foreign currency assets, gold, SDRs and the IMF reserve tranche position.
Full notes and 3 MCQs ›
Banking & Finance

5. Common Landing Portal for Unclaimed Financial Assets Launched

  • DFS launched a Common Landing Portal for Unclaimed Financial Assets, developed with the PSB Alliance.
  • It was launched by DFS Secretary M. Nagaraju at a review meeting of public sector banks in New Delhi.
  • One search covers bank deposits, insurance claims, shares and dividends, and mutual fund investments.
  • Banks must move deposits inoperative for 10 years or more to the RBI's DEA Fund under Section 26A of the Banking Regulation Act, 1949.
Full notes and 3 MCQs ›

Economy

Economy

8. WPI to Be Phased Out for the New Producer Price Index

  • The government will phase out the WPI over five years and gradually replace it with the Producer Price Index (PPI).
  • From 15 June 2026, DPIIT releases a revised WPI with base year 2022-23 (old base: 2011-12) and a new PPI.
  • New PPI has three sub-indices: Output PPI, Trial Input PPI and Services PPI.
  • Services PPI starts with seven sectors, among them banking, insurance, railways, air passenger transport and telecom.
Full notes and 3 MCQs ›

Agriculture & Rural

Government Schemes

10. Khet Bachao Abhiyan: June 2026 Farm Outreach Drive

  • Khet Bachao Abhiyan ran nationwide from 1 to 30 June 2026, led by the Ministry of Agriculture and Farmers Welfare.
  • It promotes balanced, soil-health-based fertiliser use and weather-based, region-specific farm advisories.
  • Panchayats, KVKs, ICAR and state agriculture departments take part, with village-level implementation.
  • Farmers are linked to PM-KISAN, KCC, edible oil missions, Cotton Mission, SMAM and PMKSY.
Full notes and 3 MCQs ›

Science & Technology

Environment & Ecology

11. MAHA Water Mission: Rs.200-Crore Water Innovation Push

  • MAHA Water Mission has an outlay of Rs.200 crore over five years, with grants up to Rs.20 crore per consortium.
  • MAHA expands to Missions for Advancement in High-impact Areas; it links research with field deployment of water solutions.
  • Partners: Anusandhan National Research Foundation, Ministry of Jal Shakti, and Department of Space/ISRO.
  • Five themes include resource assessment, drinking water, water quality, use efficiency and climate resilience.
Full notes and 3 MCQs ›

Defence & Security

International Relations

14. BrahMos Missile: India’s Export Deals and Key Features

  • India's Defence Secretary, speaking in Singapore at the Shangri-La Dialogue, confirmed that a ₹5,800-crore BrahMos export contract with Vietnam is signed.
  • Indonesia is next: an export agreement of the same kind is nearing completion.
  • BrahMos Aerospace, formed in 1998 by DRDO and Russia's NPO Mashinostroyeniya, makes the missile; it flies at about Mach 2.8.
  • BrahMos works on a fire-and-forget principle and can be fired from ground, ship, submarine and aircraft platforms.
Full notes and 3 MCQs ›

Reports & Indexes

Awards & Persons

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