Daily Current Affairs: 26 June 2025

Current affairs of 26 June 2025: Axiom Mission 4: Shubhanshu Shukla’s Flight to the ISS; Space Docking: How Spacecraft Join in Orbit; Kailash Mansarovar Yatra Resumes After Six-Year Gap, and 18 more topics. Key facts for every exam, with a quiz.

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In this issue: 21 topics

National Affairs

Emergency in India: 50 Years and Constitutional Provisions
Asian Under-17 Wrestling: India’s Four Golds in Vung Tau

Government Schemes

Jan Dhan 2.0 Plans: Chequebooks, Higher Overdraft, Credit Cards

Banking & Finance

NSE Settlement Offer to SEBI: ₹1,388 Crore Co-location Case
IRDAI Fines Edelweiss Life ₹1 Crore for Governance Lapses
Certificate of Deposit Market: PSBs Overtake Private Banks
RazorpayX Corporate Cards for Startups with Mastercard
Union Bank of India Plans ₹6,000 Crore Fundraise via Equity and Debt

Economy

GST Council July 2025 Meet: 12% Slab and Intermediary Services
RBI June 2025 Bulletin: Economy Resilient, Repo at 5.5%, CRR Cut
Electricity Futures on NSE: Hedging Power Price Swings
Govt Stake Sale in New India Assurance and GIC Re for 25% MPS
Call Money Market: RBI Extends Trading Hours to 7 PM

International Affairs

Kailash Mansarovar Yatra Resumes After Six-Year Gap

Agriculture & Rural

Viksit Krishi Sankalp Abhiyan Report: Farmers Seek Universal DBT
CIP South Asia Regional Centre at Agra: Cabinet Approval
Moong and Urad Procurement Approved Under PSS
Mango MSP Under MIS: ₹1,616 per Quintal for Karnataka

Science & Technology

Axiom Mission 4: Shubhanshu Shukla’s Flight to the ISS
Space Docking: How Spacecraft Join in Orbit

Environment & Ecology

Chhattisgarh CFR Plans Dispute: Forest vs Tribal Welfare

National Affairs

Polity & Governance

1. Emergency in India: 50 Years and Constitutional Provisions

The Emergency of 1975 lasted 21 months under PM Indira Gandhi; its 50th anniversary was marked as Samvidhan Hatya Divas.
Emergency provisions sit in Articles 352 to 360, Part XVIII.
National Emergency needs approval of both Houses within 1 month; Financial Emergency within 2 months.
Article 19 rights are suspended automatically under a National Emergency (Art. 358).

Full notes and 3 MCQs ›

Sports

2. Asian Under-17 Wrestling: India’s Four Golds in Vung Tau

India took four golds at the Asian under-17 wrestling championships in Vung Tau, Vietnam.
Rachana (43kg), Moni (57kg) and Ashvini Vishnoi (65kg) won in the women's section.
Gourav Punia won the men's freestyle 65kg gold.

Full notes and 3 MCQs ›

Government Schemes

Banking & Finance

3. Jan Dhan 2.0 Plans: Chequebooks, Higher Overdraft, Credit Cards

Finance Ministry is exploring Phase 2 of PMJDY, a decade after its 2014 launch.
Ideas include chequebooks, a higher ₹10,000 overdraft limit and low-limit credit cards.
About 110 million Jan Dhan accounts, over 20%, were inoperative by December 2024.

Full notes and 3 MCQs ›

Banking & Finance

Economy

4. NSE Settlement Offer to SEBI: ₹1,388 Crore Co-location Case

NSE offered ₹1,388 crore (about $160 million) to SEBI to settle the co-location dispute.
It would be SEBI's largest-ever settlement.
The offer could clear the way for NSE's IPO, pending for over six years.

Full notes and 3 MCQs ›

Banking & Finance

5. IRDAI Fines Edelweiss Life ₹1 Crore for Governance Lapses

IRDAI penalised Edelweiss Life Insurance ₹1 crore.
Breaches covered outsourcing norms and customer onboarding.
Bank details were not taken at proposal stage for premiums above ₹10,000.

Full notes and 3 MCQs ›

Economy

6. Certificate of Deposit Market: PSBs Overtake Private Banks

PSBs' share in CD issuance rose from 6% to 69% between 2022 and December 2024, while private banks fell from 85% to 30%.
Credit growth outpaced deposits, so banks used CDs; Q4 FY25 issuance hit a record ₹3.70 trillion.
Mutual funds remained the main CD investors.

Full notes and 3 MCQs ›

Banking & Finance

7. RazorpayX Corporate Cards for Startups with Mastercard

RazorpayX, Razorpay's business banking arm, launched Corporate Cards with Mastercard, RBL Bank and YES Bank.
Credit limit goes up to ₹2 crore without collateral.
Founders' personal credit scores are not affected, and the forex mark-up is 2.5%.

Full notes and 3 MCQs ›

Banking & Finance

8. Union Bank of India Plans ₹6,000 Crore Fundraise via Equity and Debt

Union Bank of India plans to raise ₹6,000 crore through a mix of equity and debt.
The funds are meant to finance business growth.
The board took the decision at its meeting on Wednesday, as stated in a regulatory filing.

Full notes and 3 MCQs ›

Economy

Polity & Governance

9. GST Council July 2025 Meet: 12% Slab and Intermediary Services

The GST Council was expected to meet in July 2025 after over six months.
The 12% slab may merge into the 5% or 18% slab.
Clarity was expected on tax on service intermediaries.

Full notes and 3 MCQs ›

Economy

10. RBI June 2025 Bulletin: Economy Resilient, Repo at 5.5%, CRR Cut

RBI's June 2025 Bulletin kept FY25 GDP growth at 6.5% and called the economy resilient despite global uncertainty.
The repo rate was cut by 100 bps between February and June 2025 to 5.5%.
A phased 100 bps CRR cut from 6 September 2025 should release ₹2.5 trillion of liquidity.
Bank credit growth eased to 9.9% on 30 May 2025 from 16.2% a year earlier.

Full notes and 3 MCQs ›

Economy

11. Electricity Futures on NSE: Hedging Power Price Swings

NSE planned electricity futures to hedge power price swings.
They are monthly, cash-settled contracts with no physical delivery.
Beneficiaries: generators, DISCOMs, traders, retailers, large industries.

Full notes and 3 MCQs ›

Economy

12. Govt Stake Sale in New India Assurance and GIC Re for 25% MPS

Finance Ministry planned phased stake sales in New India Assurance and GIC Re.
The step meets SEBI's 25% minimum public shareholding rule.
Disinvestment sells government shares; privatisation hands over ownership and management.

Full notes and 3 MCQs ›

Economy

13. Call Money Market: RBI Extends Trading Hours to 7 PM

From 1 July 2025, call money trading runs until 7 PM instead of 5 PM.
From 1 August 2025, Market Repo and TREP closing time is revised to 4 PM.
A high call rate signals tight liquidity; a low rate, surplus.

Full notes and 3 MCQs ›

International Affairs

International Relations

14. Kailash Mansarovar Yatra Resumes After Six-Year Gap

The Kailash Mansarovar Yatra resumed after six years, paused by COVID-19 and India-China border tensions.
The routes are Nathu La in Sikkim and Lipulekh Pass in Uttarakhand.
It is described as the first major bilateral cultural exchange revived after the Galwan clashes.

Full notes and 3 MCQs ›

Agriculture & Rural

Government Schemes

15. Viksit Krishi Sankalp Abhiyan Report: Farmers Seek Universal DBT

A 15-day Viksit Krishi Sankalp Abhiyan outreach ended with a report to Agriculture Minister Shivraj Singh Chouhan.
Farmers demanded universal DBT for all Central and State schemes and AI-based price forecasting for horticulture and basmati.
The campaign will run twice a year.

Full notes and 3 MCQs ›

Agriculture & Rural Development

16. CIP South Asia Regional Centre at Agra: Cabinet Approval

The Union Cabinet approved CIP's South Asia Regional Centre (CSARC) at Singna, Agra, Uttar Pradesh.
CIP is a global agricultural research body headquartered in Lima, Peru, and part of the CGIAR system.
Goals: food and nutrition security, higher farmer income and jobs in potato and sweetpotato chains.
The centre will develop high-yielding, climate-resilient varieties for India and South Asia.

Full notes and 3 MCQs ›

Government Schemes

17. Moong and Urad Procurement Approved Under PSS

Shivraj Singh Chouhan cleared Price Support Scheme purchases: Madhya Pradesh (Moong, Urad) and Uttar Pradesh (Urad).
The aim is MSP-based buying that reaches farmers without intermediaries.
NAFED, NCCF and state agriculture departments act as agencies.

Full notes and 3 MCQs ›

Government Schemes

18. Mango MSP Under MIS: ₹1,616 per Quintal for Karnataka

The Centre announced a minimum support price of ₹1,616 per quintal for mangoes under MIS.
Karnataka is to procure 2.5 lakh metric tonnes with the Centre's approval.
MIS covers perishable horticultural goods outside the regular MSP system.

Full notes and 3 MCQs ›

Science & Technology

19. Axiom Mission 4: Shubhanshu Shukla’s Flight to the ISS

Ax-4 launched on 25 June 2025 on a Falcon 9 from Kennedy Space Center.
Shubhanshu Shukla of ISRO flew as pilot, the first Indian astronaut to visit the ISS.
Crew Dragon Grace made its maiden flight; Peggy Whitson commanded.

Full notes and 3 MCQs ›

Science & Technology

20. Space Docking: How Spacecraft Join in Orbit

Space docking joins two spacecraft in orbit into one larger structure.
Phases: rendezvous, proximity operations, capture and latching.
Docking occurs at relative speeds of centimetres per second.

Full notes and 3 MCQs ›

Environment & Ecology

Polity & Governance

21. Chhattisgarh CFR Plans Dispute: Forest vs Tribal Welfare

Chhattisgarh's Forest Department and Tribal Welfare authorities are in a dispute over Community Forest Resource (CFR) management plans.
CFR plans are a key mechanism under the Forest Rights Act, 2006.
The role of NGOs assisting tribal communities is also at issue.

Full notes and 3 MCQs ›

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Daily Current Affairs: 26 June 2025

In this issue: 21 topics

National Affairs

1. Emergency in India: 50 Years and Constitutional Provisions

2. Asian Under-17 Wrestling: India’s Four Golds in Vung Tau

Government Schemes

3. Jan Dhan 2.0 Plans: Chequebooks, Higher Overdraft, Credit Cards

Banking & Finance

4. NSE Settlement Offer to SEBI: ₹1,388 Crore Co-location Case

5. IRDAI Fines Edelweiss Life ₹1 Crore for Governance Lapses

6. Certificate of Deposit Market: PSBs Overtake Private Banks

7. RazorpayX Corporate Cards for Startups with Mastercard

8. Union Bank of India Plans ₹6,000 Crore Fundraise via Equity and Debt

Economy

9. GST Council July 2025 Meet: 12% Slab and Intermediary Services

10. RBI June 2025 Bulletin: Economy Resilient, Repo at 5.5%, CRR Cut

11. Electricity Futures on NSE: Hedging Power Price Swings

12. Govt Stake Sale in New India Assurance and GIC Re for 25% MPS

13. Call Money Market: RBI Extends Trading Hours to 7 PM

International Affairs

14. Kailash Mansarovar Yatra Resumes After Six-Year Gap

Agriculture & Rural

15. Viksit Krishi Sankalp Abhiyan Report: Farmers Seek Universal DBT

16. CIP South Asia Regional Centre at Agra: Cabinet Approval

17. Moong and Urad Procurement Approved Under PSS

18. Mango MSP Under MIS: ₹1,616 per Quintal for Karnataka

Science & Technology

19. Axiom Mission 4: Shubhanshu Shukla’s Flight to the ISS

20. Space Docking: How Spacecraft Join in Orbit

Environment & Ecology

21. Chhattisgarh CFR Plans Dispute: Forest vs Tribal Welfare

Test yourself