Current Affairs Capsule - June 2026

Comprehensive practice flashcards covering vocabulary terms, institutions, defense systems, scientific technologies, economic frameworks, and awards featured in the June 2026 Current Affairs Capsule.

Samurai Loan

A Japanese Yen-denominated cross-border syndicated loan provided by Japanese lenders to a non-Japanese borrower, enabling foreign entities to access Japan's financial markets.

CHIPS Framework

The comprehensive evaluation model used in the State of India's Digital Economy (SIDE) Report, assessing digital progress across five pillars: Connect, Harness, Innovate, Protect, and Sustain.

Zero Coupon Zero Principal (ZCZP) Instruments

Financial instruments issued by eligible Not-for-Profit Organisations listed on the Social Stock Exchange, in which companies are permitted to allocate up to $10\%$ of their annual Corporate Social Responsibility expenditure.

Biller Operating Unit (BOU)

A licensed entity authorized by NBBL to onboard service providers and billers onto the centralized, interoperable Bharat Bill Payment System network.

Account Aggregator (AA) Framework

A consent-based digital financial data-sharing system regulated by the Reserve Bank of India that enables individuals and businesses to securely share financial information across institutions.

Emergency Credit Line Guarantee Scheme 5.0 (ECLGS 5.0)

A government-backed credit guarantee program approved to assist businesses affected by the West Asia Crisis, extending $100\%$ guarantee coverage to MSMEs and $90\%$ to non-MSME sectors.

Trade Receivables Discounting System (TReDS)

An electronic trading platform regulated by the Reserve Bank of India that facilitates the financing and discounting of trade receivables of MSMEs through multiple financiers.

NBFC-Upper Layer (NBFC-UL)

A category under the Reserve Bank of India's Scale-Based Regulatory Framework that automatically includes any non-banking financial company with an asset size of $\text{Rs. } 1,00,000\,\text{crore}$ or more.

Operation Delta Hunt

A targeted statewide enforcement campaign launched by the Gujarat State Police to identify and apprehend illegal Bangladeshi nationals residing in the state.

Vibrant Village Programme (VVP)

A Central Government border infrastructure initiative under which India's first Model Border Village was inaugurated at Chumur in Ladakh at an altitude of $16,700\,\text{feet}$.

E85 Fuel

An alternative motor fuel blend comprising approximately $85\%$ ethanol and $15\%$ petrol, formulated specifically for operation in Flex-Fuel Vehicles.

LPMS VINIMAY

A digital Land Port Management System launched by the Ministry of Home Affairs to coordinate cargo handling, passengers, vehicles, and inter-agency processes across Indian land ports.

ArsenSafe

A portable, highly sensitive testing device developed by IIT Bhubaneswar using a liquid-gated reduced graphene oxide field-effect transistor sensor to detect arsenic in drinking water without laboratory infrastructure.

Blue Valley Cluster

An industrial development hub established in Assam focused on flavours, fragrances, and the AYUSH sector, designed in alignment with the EU-India Comprehensive Strategic Agenda.

Pluvicto

India's first approved precision Radioligand Therapy, developed by Novartis, which delivers targeted radiation directly to Prostate-Specific Membrane Antigen-positive metastatic cancer cells.

Railway Tunnel Hood Technology

Specially engineered aerodynamic portal structures deployed on the Mumbai-Ahmedabad Bullet Train corridor to regulate pressure wave fluctuations and mitigate micro-pressure wave noise for trains running above $300\,\text{kmph}$.

Panchayat Advancement Index (PAI)

A performance assessment tool developed by the Ministry of Panchayati Raj that received the Gold Award at the National e-Governance Awards $2026$ for data analytics-driven digital transformation.

SHAN Conservation Society

The Snow Leopard and High-Altitude Nature Conservation Society, established under the chairmanship of the Lieutenant Governor of Ladakh to coordinate cold-desert wildlife preservation and community stewardship.

Multi-Lane Free Flow (MLFF)

A barrier-free electronic toll collection system deployed at Daulatpura Toll Plaza on NH-48 that combines Automatic Number Plate Recognition and FASTag to deduct tolls without vehicle stops.

Khurasani Imli

A GI-tagged fruit harvested in Mandu, Dhar district, Madhya Pradesh, produced by the African Baobab Tree (Adansonia digitata) rather than traditional tamarind trees.

Pradhan Mantri JI-VAN Yojana

A government scheme administered by the Ministry of Petroleum and Natural Gas providing Viability Gap Funding for commercial and demonstration Second-Generation ($2\text{G}$) bioethanol projects utilizing agricultural residues.

Maritime India Vision (MIV) 2030

India's national maritime strategy, under which the global ship recycling capacity target was achieved five years early when the country reached a $35.4\%$ worldwide volume share in $2025$.

B35 Bullet Train

An indigenous high-speed rail trainset being developed by NHSRCL featuring a maximum design speed of $350\,\text{kmph}$ and an operational speed of $320\,\text{kmph}$.

Mukhyamantri Kisan Sahay Yojana (MKSY)

A crop relief initiative by the Government of Gujarat providing direct compensation of $\text{Rs. } 20,000\,\text{per hectare}$ without premium charges to farmers facing $33\%$ to $60\%$ Kharif crop losses.

Copper-Chlorine (Cu-Cl) Thermochemical Cycle

An indigenous closed-loop chemical process developed by BARC and integrated with Kalpakkam's Fast Breeder Test Reactor to achieve nuclear process heat-based hydrogen generation.

AUKUS Pillar Two

The advanced capabilities and technological cooperation arm of the Australia-UK-US defence alliance, encompassing joint developments in autonomous systems including Uncrewed Undersea Vehicles (UUVs).

Mombasa Declaration

A multilateral agreement adopted by $15$ nations during the 11th Our Ocean Conference to enhance vessel information transparency and combat Illegal, Unreported and Unregulated (IUU) fishing.

International Big Cat Alliance (IBCA)

A treaty-based inter-governmental body established to conserve the world's seven major big cat species, headquartered in New Delhi and joined by Bangladesh as its $27\text{th}$ member.

DORIS Ground Beacon

A French Doppler Orbitography and Radiopositioning Integrated by Satellite geodetic beacon hosted at IIT Kanpur that tracks satellite orbits with centimetre-level accuracy using the Doppler Effect.

Majorana 2

Microsoft's second-generation topological quantum computing chip designed with the Microsoft Discovery agentic AI platform to address scalability and error-correction hurdles in quantum architectures.

Sunno Sutra

A multilingual, voice-first, open-source handheld reference AI device developed by BHASHINI and Current AI to power localized edge applications for the VYOMA Innovation Challenge.

Distilled Video Generation

A machine learning compression technique utilized in India's 'Varya' model where a compact student model replicates the video generation output of a complex teacher model to reduce computational load.

SOLAR-1

The first operational satellite of the United States dedicated strictly to continuous space weather monitoring, stationed by NOAA at the Sun-Earth Lagrange Point 1 (L1).

Teplizumab

An immunotherapy monoclonal antibody treatment evaluated by NICE under the NHS that functions to delay progression to symptomatic Stage 3 Type 1 diabetes in patients aged $8$ years and older.

GRAPES-3

A high-energy cosmic ray observatory in Ooty, Tamil Nadu, operated by TIFR to measure Extensive Air Showers from cosmic rays across the tera electronvolt (TeV) to peta electronvolt (PeV) ranges.

HELINA

An indigenous third-generation helicopter-launched fire-and-forget Anti-Tank Guided Missile developed by DRDO, equipped with an Imaging Infrared Seeker and Lock-on Before Launch capabilities.

Joint Crediting Mechanism (JCM)

A bilateral carbon offset and market cooperation mechanism established under Article 6.2 of the Paris Agreement, operationalized between India and Japan to implement greenhouse gas mitigation projects.

Container Port Performance Index (CPPI)

An international maritime efficiency benchmark published jointly by the World Bank and S&P Global Market Intelligence, in which Jawaharlal Nehru Port Authority achieved $22\text{nd}$ place globally.

Global Peace Index (GPI)

An annual ranking formulated by the Institute for Economics and Peace assessing safety, conflict, and militarization across $163$ nations, placing Iceland at $1\text{st}$ and India at $127\text{th}$.

Energy Transition Index (ETI)

A World Economic Forum index assessing energy system balance, security, and transition readiness across $120$ countries using $44$ distinct indicators.

ECGNSS Jammers

Enhanced Capability Global Navigation Satellite System electronic warfare devices designed to disrupt, degrade, and manipulate adversarial satellite signals, procured under contract for the Indian Navy.

Divyastra Mk-1

An indigenous AI-enabled tactical loitering munition system and UAV developed by startup Hoverit for intelligence gathering, surveillance, reconnaissance, and precision strike tasks.

Netra AEW&C System

An indigenously designed Airborne Early Warning and Control platform developed by DRDO that achieved its Final Operational Clearance certificate for service in the Indian Air Force.

ICGS Akshay

A new-generation Fast Patrol Vessel constructed at Goa Shipyard Limited and commissioned into the Indian Coast Guard to conduct coastal security and anti-smuggling patrols.

WT-MARUT

The Wind Turbine Materials and Resources Utility Tracker portal developed by MNRE and IWTMA to track component flows and optimize supply chain visibility in the domestic wind sector.

Mesalina bishnoi

A desert-dwelling lacertid lizard discovered in Bikaner district, Rajasthan, by the Zoological Survey of India, representing the first verified record of the genus Mesalina in India.

Hamataliwa mawlyngot

A newly identified lynx spider species discovered in Mawlyngot village, East Khasi Hills, Meghalaya, constituting the first recorded occurrence of the genus Hamataliwa in the state.

Wolf Prize in Physics

An international science award presented in Israel, conferred upon Indian-origin physicist Jainendra Kumar Jain for the discovery of composite fermions in the Fractional Quantum Hall Effect.

Order of the White Double Cross (1st Class)

The highest state decoration awarded by Slovakia to foreign nationals, conferred upon Prime Minister Narendra Modi in Bratislava for his role in elevating bilateral relations.

Whitley Awards

Prestigious international conservation honours, colloquially known as the 'Green Oscars', awarded by the Whitley Fund for Nature in London to grassroots environmental leaders.