Daily Current Affairs - June 1, 2026

## Today's Top Current Affairs – June 1, 2026 ### National Affairs **1. India's GDP Growth Rate for FY 2025-26** India's GDP grew at 7.4% in FY 2025-26, making it the fastest-growing major economy for the third consecutive year. The growth was driven by strong manufacturing output, robust domestic consumption, and increased government capital expenditure. **Key Points:** - Agriculture sector grew at 4.1% - Manufacturing sector grew at 8.2% - Services sector grew at 7.9% - India's per capita income reached ₹2.14 lakh **Exam Relevance:** Important for UPSC Prelims GS Paper 3, SSC CGL GK, BPSC General Studies. --- **2. New Education Policy 2026 Implementation** The Union Cabinet approved the implementation framework for NEP 2026, focusing on digital literacy and vocational education at the secondary level. **Key Points:** - 30% curriculum digitized across CBSE schools - New vocational courses added for Classes 9-12 - Mother tongue instruction promoted till Class 5 --- ### International Affairs **3. India-Japan Semiconductor Partnership** India and Japan signed a landmark Semiconductor Supply Chain Partnership agreement to reduce dependence on a single-country supply chains. **Key Points:** - Joint investment of $2 billion over 5 years - Technology transfer for advanced chip manufacturing - First semiconductor fab to be set up in Tamil Nadu --- ### Economy & Finance **4. RBI Monetary Policy Committee Decision** The Reserve Bank of India's MPC maintained the repo rate at 5.5% in its June 2026 meeting, citing balanced inflation-growth dynamics. **Key Details:** - Repo Rate: 5.50% (unchanged) - Reverse Repo Rate: 3.35% - CRR: 4.0% - SLR: 18% - GDP Forecast: 7.4% for FY26 --- ### Science & Technology **5. ISRO's Gaganyaan Mission Update** ISRO successfully completed the third un-crewed test flight of Gaganyaan, clearing the way for India's first human spaceflight mission scheduled for late 2026. --- ### Defence & Security **6. India's Defence Budget Allocation** India allocated 13.04% of the Union Budget to defence in FY26, the highest since 1987. The allocation includes funds for domestic weapon procurement under the Atmanirbhar Bharat initiative. --- ## Quick Revision MCQs **Q1.** What is India's GDP growth rate for FY 2025-26? (a) 6.8% (b) 7.4% (c) 7.8% (d) 8.2% **Answer: (b) 7.4%** **Q2.** India's MPC maintained the repo rate at __ in June 2026? (a) 5.25% (b) 5.50% (c) 6.00% (d) 6.50% **Answer: (b) 5.50%** **Q3.** Which country partnered with India for semiconductor supply chain? (a) USA (b) South Korea (c) Japan (d) Taiwan **Answer: (c) Japan**