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Daily Current Affairs 3 June 2026

Daily current affairs for 3 June 2026 — 17 verified news items across Environment, National, International & more, with exam-angle notes, keywords and practice…

Published 3 June 2026 · current affairs · daily digest · environment · national · international · government schemes

Environment

Monsoon to Reach Kerala Soon with IMD Warning of Heavy Rain and Storms

The India Meteorological Department (IMD) has forecast that the monsoon will reach Kerala within the next 24 hours. Along with the onset of the monsoon, IMD has warned of widespread rainfall and squally winds. Despite this, heatwave conditions are expected to persist in parts of north and east India.

Exam angle Questions may focus on the timing and impact of the monsoon onset in Kerala and related IMD warnings.
India Meteorological DepartmentIMDKeralamonsoonrainfallstormsheatwavenorth Indiaeast India

Source Livemint

Practice MCQs

Q1 According to the IMD forecast, when is the monsoon expected to reach Kerala?

  • AWithin 24 hoursCorrect
  • BWithin 48 hours
  • CWithin a week
  • DAlready reached

Explanation IMD has forecast that the monsoon will reach Kerala within the next 24 hours.

Q2 What weather conditions has the IMD warned about along with the monsoon onset in Kerala?

  • AWidespread rainfall and squally windsCorrect
  • BHeatwave and drought
  • CSnowfall and hailstorm
  • DClear skies and calm winds

Explanation IMD has warned of widespread rainfall and squally winds as the monsoon reaches Kerala.

Q3 Which regions in India are expected to continue experiencing heatwave conditions despite the monsoon onset?

  • ANorth and east IndiaCorrect
  • BSouth and west India
  • CCentral India only
  • DKerala and Tamil Nadu

Explanation Heatwave conditions are expected to persist in parts of north and east India despite the monsoon onset.

National

G Parameshwara sworn in as Deputy Chief Minister in Karnataka cabinet

G Parameshwara has been sworn in as the Deputy Chief Minister of Karnataka in the newly formed cabinet led by DK Shivakumar. Parameshwara dismissed claims that he was overlooked for the Chief Minister position and congratulated both DK Shivakumar and Siddaramaiah for their roles in the decision-making process. The cabinet includes 13 ministers, with Yathindra Siddaramaiah, son of outgoing Chief Minister Siddaramaiah, making his debut as a Cabinet Minister.

Exam angle Questions may focus on recent political appointments and cabinet formation in Karnataka.
G ParameshwaraDK ShivakumarSiddaramaiahYathindra SiddaramaiahKarnatakaDeputy Chief MinisterCabinet Ministers

Source Livemint

Practice MCQs

Q1 Who was sworn in as the Deputy Chief Minister of Karnataka in the new cabinet?

  • AG ParameshwaraCorrect
  • BDK Shivakumar
  • CSiddaramaiah
  • DYathindra Siddaramaiah

Explanation G Parameshwara was sworn in as the Deputy Chief Minister of Karnataka.

Q2 How many Cabinet Ministers were sworn in along with G Parameshwara in Karnataka?

  • A10
  • B12
  • C13Correct
  • D15

Explanation A total of 13 Cabinet Ministers were sworn in the Karnataka government.

Q3 Who is Yathindra Siddaramaiah in the context of the new Karnataka cabinet?

  • ADeputy Chief Minister
  • BSon of outgoing CM and new Cabinet MinisterCorrect
  • CChief Minister
  • DOpposition Leader

Explanation Yathindra Siddaramaiah, son of outgoing Chief Minister Siddaramaiah, made his debut as a Cabinet Minister.

Delhi Malviya Nagar Hotel Fire: Police File Culpable Homicide FIR

A fire at a hotel in Malviya Nagar, Delhi, resulted in the death of at least 21 people. The Delhi Police have filed a culpable homicide FIR in connection with the incident. Officials noted that the hotel had only one entry-exit point, and the fire NOC is currently under scrutiny. Prime Minister Narendra Modi expressed condolences over the loss of lives and announced an ex-gratia payment for the victims' families.

Exam angle Details of the Delhi Malviya Nagar hotel fire and subsequent police and government actions are relevant for questions on recent national incidents and government responses.
Delhi PoliceMalviya Nagarhotel fireculpable homicide FIRPM Modiex-gratiafire NOC

Source The Hindu

Practice MCQs

Q1 What action did Delhi Police take following the Malviya Nagar hotel fire?

  • AFiled a culpable homicide FIRCorrect
  • BDeclared the fire accidental
  • CClosed the hotel permanently
  • DIssued a safety award to the hotel

Explanation Delhi Police filed a culpable homicide FIR after the hotel fire incident.

Q2 What was a noted safety concern about the Malviya Nagar hotel where the fire occurred?

  • AThe hotel had only one entry-exit pointCorrect
  • BThe hotel had no fire extinguishers
  • CThe hotel was located in a remote area
  • DThe hotel was overcrowded beyond capacity

Explanation Officials stated that the hotel had only one entry-exit point, raising safety concerns.

Q3 What did Prime Minister Narendra Modi announce after the Malviya Nagar hotel fire?

  • AEx-gratia payment for victims' familiesCorrect
  • BA national day of mourning
  • CA new fire safety law
  • DA compensation package for the hotel

Explanation PM Modi announced an ex-gratia payment for the families of those who lost their lives.

India's Consumer Watchdog Fines PhysicsWallah and McAfee for Dark Patterns

India's consumer watchdog has fined the companies PhysicsWallah and McAfee for using 'dark patterns'—manipulative online design tactics. The violations included auto-added donations, mandatory data-sharing requirements, and fear-based subscription prompts. This action reflects increased scrutiny on deceptive online practices affecting consumer choices.

Exam angle Focus on regulatory actions against manipulative online consumer practices in India.
PhysicsWallahMcAfeeconsumer watchdogdark patternsauto-added donationsdata-sharingsubscription prompts

Source Livemint

Practice MCQs

Q1 Which companies were fined by India's consumer watchdog for using 'dark patterns'?

  • APhysicsWallah and McAfeeCorrect
  • BFlipkart and Amazon
  • CGoogle and Facebook
  • DPaytm and Ola

Explanation The consumer watchdog fined PhysicsWallah and McAfee for using manipulative online design practices known as 'dark patterns'.

Q2 What manipulative practices led to the fines imposed on PhysicsWallah and McAfee?

  • AAuto-added donations, data-sharing requirements, and fear-based subscription promptsCorrect
  • BFake reviews and price fixing
  • CDelayed refunds and poor customer service
  • DUnauthorized advertisements and spam emails

Explanation The companies were penalised for auto-added donations, mandatory data-sharing, and fear-based subscription prompts, which are examples of 'dark patterns'.

Q3 What does the term 'dark patterns' refer to in the context of the fines?

  • AManipulative online design tactics influencing consumer choicesCorrect
  • BIllegal hacking activities
  • CUnfair pricing strategies
  • DData encryption methods

Explanation 'Dark patterns' are manipulative online design practices intended to influence consumer decisions unfairly.

Class 12 Student Sarthak Sidhant Flags CBSE OSM Tender Irregularities

Sarthak Sidhant, a 17-year-old Class 12 student from Jharkhand, appeared before the Parliamentary Standing Committee on Education on Tuesday to present his findings on alleged irregularities in the CBSE's Online School Management (OSM) system tendering process. The Central Board of Secondary Education (CBSE) defended the implementation process and promised to address the issues raised. Sidhant's appearance highlighted concerns regarding the transparency and execution of the OSM system.

Exam angle Focus on student activism and parliamentary oversight in education system reforms.
Sarthak SidhantCBSEOSM systemParliamentary Standing CommitteeJharkhandEducation

Source Livemint

Practice MCQs

Q1 Who is Sarthak Sidhant in the context of the CBSE OSM system issue?

  • AA Class 12 student who flagged tender irregularitiesCorrect
  • BA CBSE official defending the OSM system
  • CA member of the Parliamentary Standing Committee
  • DA Jharkhand government education officer

Explanation Sarthak Sidhant is a Class 12 student who appeared before the Parliamentary Standing Committee to present findings on CBSE OSM tender irregularities.

Q2 What was the response of CBSE to the allegations presented by Sarthak Sidhant?

  • AThey denied all allegations and took no action
  • BThey defended the process and promised to fix issuesCorrect
  • CThey immediately canceled the OSM system
  • DThey referred the matter to the judiciary

Explanation CBSE defended the implementation process of the OSM system and promised to address the issues raised by Sarthak Sidhant.

Q3 Before which parliamentary body did Sarthak Sidhant present his findings?

  • AParliamentary Standing Committee on EducationCorrect
  • BPublic Accounts Committee
  • CCommittee on Public Undertakings
  • DParliamentary Committee on Finance

Explanation Sarthak Sidhant appeared before the Parliamentary Standing Committee on Education to present his findings.

INDIA Bloc to Convene in Delhi on June 8 with 15-17 Opposition Parties

The INDIA bloc, comprising opposition parties, is scheduled to meet in Delhi on June 8, 2026. Reports indicate that between 15 to 17 parties are expected to attend this significant political gathering. Notably, the Trinamool Congress and the Dravida Munnetra Kazhagam (DMK) are set to participate amid recent tensions with the Congress party, especially concerning DMK's political stance in Tamil Nadu. The meeting comes at a time of strain within the opposition alliance, drawing considerable attention to the dynamics among member parties.

Exam angle Questions may focus on the INDIA bloc's upcoming meeting, participating parties, and recent political tensions within the alliance.
INDIA blocDelhiTrinamool CongressDMKCongressTamil NaduOpposition parties

Source The Hindu

Practice MCQs

Q1 When is the INDIA bloc scheduled to meet in Delhi?

  • AJune 6, 2026
  • BJune 8, 2026Correct
  • CJune 10, 2026
  • DJune 12, 2026

Explanation Both sources confirm that the INDIA bloc meeting is scheduled for June 8, 2026.

Q2 Which two parties are specifically mentioned as attending the INDIA bloc meeting amid recent tensions?

  • ABJP and Congress
  • BTrinamool Congress and DMKCorrect
  • CAam Aadmi Party and BSP
  • DShiv Sena and NCP

Explanation The Hindu reports that Trinamool Congress and DMK are set to attend amid tensions with Congress.

Q3 What is the approximate number of parties expected to attend the INDIA bloc meeting?

  • A10-12 parties
  • B13-14 parties
  • C15-17 partiesCorrect
  • D18-20 parties

Explanation Sources mention that 15 to 17 opposition parties are likely to attend the meeting.

International

Indian National Killed in Iranian Drone Strike on Kuwait Airport

An Indian national was killed following Iranian drone strikes targeting Kuwait International Airport's Terminal 1. The Indian Embassy in Kuwait expressed its deepest condolences over the tragic demise. In response to the attack, Kuwait suspended air traffic temporarily before partially resuming Kuwait Airways flights.

Exam angle Details of the Indian national's death in the Iran-Kuwait conflict and diplomatic responses.
Indian EmbassyKuwait International AirportIranian drone strikesKuwait AirwaysIndiaKuwait

Source Livemint

Practice MCQs

Q1 What was the cause of the Indian national's death at Kuwait International Airport?

  • AIranian drone strikes on Terminal 1Correct
  • BAccidental fire at the airport
  • CPlane crash during takeoff
  • DTerrorist bombing inside the airport

Explanation The Indian national was killed due to Iranian drone strikes targeting Terminal 1 of Kuwait International Airport.

Q2 How did Kuwait respond immediately after the drone strikes on its airport?

  • ASuspended all air traffic temporarilyCorrect
  • BDeclared a state of emergency
  • CClosed its borders with Iran
  • DEvacuated all foreign nationals

Explanation Kuwait suspended air traffic temporarily before partially resuming Kuwait Airways flights.

Q3 What was the Indian Embassy in Kuwait's reaction to the incident?

  • AExpressed deepest condolences for the Indian national's deathCorrect
  • BCalled for immediate military action
  • CAdvised Indian nationals to leave Kuwait
  • DIssued a travel ban to Kuwait

Explanation The Indian Embassy expressed its deepest condolences at the tragic demise of the Indian national.

Trump Signs Executive Order for Government Oversight of AI Models

On June 3, 2026, former US President Donald Trump signed an executive order aimed at increasing government oversight of artificial intelligence models. The order requires companies like OpenAI, Google, and Anthropic to provide the government access to their most powerful AI models up to 30 days prior to their planned release. This measure is intended to enhance regulatory scrutiny and ensure responsible deployment of advanced AI technologies.

Exam angle Focus on recent government measures to regulate AI technology and ensure oversight before public release.
Donald Trumpexecutive orderOpenAIGoogleAnthropicAI modelsgovernment oversight

Source The Hindu

Practice MCQs

Q1 What is the main requirement of the executive order signed by Donald Trump regarding AI models?

  • ACompanies must give the government access to their most powerful AI models 30 days before releaseCorrect
  • BCompanies must stop developing AI models
  • CThe government will develop its own AI models
  • DAI models must be open source

Explanation The executive order requires companies like OpenAI, Google, and Anthropic to provide government access to their most powerful AI models up to 30 days before planned release.

Q2 Which companies are specifically mentioned as being affected by Trump's AI executive order?

  • AMicrosoft, Facebook, Amazon
  • BOpenAI, Google, AnthropicCorrect
  • CApple, Tesla, IBM
  • DNVIDIA, Intel, Samsung

Explanation The order specifically mentions companies such as OpenAI, Google, and Anthropic.

Q3 When was the executive order on AI models signed by Donald Trump?

  • AJune 3, 2026Correct
  • BMay 1, 2025
  • CJanuary 15, 2026
  • DDecember 31, 2025

Explanation The executive order was signed on June 3, 2026.

Venezuela’s Acting President Delcy Rodriguez Visits India to Meet PM Modi

Venezuela’s Acting President Delcy Rodriguez arrived in India on June 3, 2026, for a five-day visit lasting until June 7. During her visit, she is scheduled to meet Prime Minister Narendra Modi. Rodriguez is accompanied by several Venezuelan ministers, including those responsible for Foreign Affairs, Economy and Finance, Science and Technology, Communication and Information, and Transportation. The visit aims to strengthen bilateral relations between Venezuela and India.

Exam angle Details of international visits by foreign leaders to India and their diplomatic significance.
Delcy RodriguezVenezuelaIndiaPrime Minister Narendra ModiForeign AffairsEconomy and FinanceScience and Technology

Source The Hindu

Practice MCQs

Q1 When did Venezuela’s Acting President Delcy Rodriguez arrive in India for her visit?

  • AJune 1, 2026
  • BJune 3, 2026Correct
  • CJune 5, 2026
  • DJune 7, 2026

Explanation Delcy Rodriguez arrived in India on June 3, 2026, for a five-day visit.

Q2 Which Indian leader is Delcy Rodriguez scheduled to meet during her visit?

  • APresident of India
  • BVice President of India
  • CPrime Minister Narendra ModiCorrect
  • DHome Minister of India

Explanation Delcy Rodriguez is scheduled to meet Prime Minister Narendra Modi during her visit.

Q3 Which of the following Venezuelan ministers accompanied Delcy Rodriguez to India?

  • AMinister of Agriculture
  • BMinister of Foreign AffairsCorrect
  • CMinister of Defence
  • DMinister of Education

Explanation The Minister of Foreign Affairs accompanied Delcy Rodriguez, along with other ministers.

Government Schemes

India to Include Donation after Circulatory Death in Organ Transplant Rules

The Indian government is revising its organ donation framework to incorporate Donation after Circulatory Death (DCD), enabling organ harvesting after the heart stops, in addition to the existing practice of donation after brain death. This change aims to expand the donor pool, benefiting over 70,000 patients currently waiting for kidney transplants alone. The new rules seek to standardize organ donation procedures and address existing legal gaps.

Exam angle Focus on recent changes in India's organ donation laws and their impact on donor availability.
Indiaorgan donationDonation after Circulatory Deathkidney patientsorgan transplant rules

Source Livemint

Practice MCQs

Q1 What new provision is India planning to include in its organ donation framework?

  • ADonation after Circulatory DeathCorrect
  • BDonation after Brain Death only
  • CDonation from living donors only
  • DDonation after genetic testing

Explanation India plans to include Donation after Circulatory Death, allowing organ harvesting after the heart stops.

Q2 How many patients are currently waiting for kidney transplants in India, as mentioned in the new organ donation framework update?

  • AOver 70,000Correct
  • BOver 7,000
  • COver 700,000
  • DOver 17,000

Explanation The update mentions over 70,000 patients waiting for kidney transplants.

Q3 What is the main goal of the new organ donation rules in India?

  • ATo standardize organ donation procedures and expand the donor poolCorrect
  • BTo ban organ donation after brain death
  • CTo restrict organ donation to only living donors
  • DTo increase organ donation fees

Explanation The new rules aim to standardize procedures and expand the donor pool.

Centre Appoints New CBSE Chairman and Secretary Amid OSM Controversy

The Centre has appointed Lokhande Prashant Sitaram as the new chairman of the Central Board of Secondary Education (CBSE), replacing Rahul Singh. Rahul Singh has been transferred to the Agriculture Ministry. This change comes amid a controversy involving the procurement of services for CBSE's On-Screen Marking (OSM) portal. Additionally, the government has set up a one-member inquiry committee to investigate the procurement process related to the OSM services.

Exam angle Questions may focus on recent administrative changes in CBSE and the reasons behind them.
CBSELokhande Prashant SitaramRahul SinghOSM portalCentreAgriculture Ministryinquiry committee

Source The Hindu

Practice MCQs

Q1 Who has been appointed as the new CBSE chairman amid the OSM controversy?

  • ARahul Singh
  • BLokhande Prashant SitaramCorrect
  • CA member of the Agriculture Ministry
  • DA one-member inquiry committee head

Explanation Lokhande Prashant Sitaram was appointed as the new CBSE chairman, replacing Rahul Singh.

Q2 What action did the Centre take regarding the procurement of services for CBSE's OSM portal?

  • ATransferred the CBSE chairman to the Agriculture Ministry
  • BSet up a one-member inquiry committee to probe the procurementCorrect
  • CAppointed a new secretary for CBSE
  • DSuspended the OSM portal services

Explanation The Centre set up a one-member inquiry committee to investigate the procurement of services for the OSM portal.

Q3 To which ministry was the former CBSE chairman Rahul Singh transferred?

  • AEducation Ministry
  • BAgriculture MinistryCorrect
  • CHome Ministry
  • DFinance Ministry

Explanation Rahul Singh was transferred to the Agriculture Ministry.

Economy

Indian Rupee Falls Over 30 Paise Against US Dollar Amid US-Iran Tensions

The Indian rupee depreciated against the US dollar, falling 31 paise to close at 95.67. Earlier in the day, it had fallen 28 paise to 95.64 in early trade. Forex traders attributed the decline to the US Trade Representative's actions amid renewed hostilities and stalled talks between the US and Iran, which negatively impacted investor sentiment.

Exam angle Questions may focus on recent currency fluctuations and geopolitical factors affecting the Indian rupee.
Indian rupeeUS dollarUS Trade RepresentativeIranforex tradersinvestor sentiment

Source The Hindu

Practice MCQs

Q1 By how much did the Indian rupee fall against the US dollar to close on June 3, 2026?

  • A31 paiseCorrect
  • B28 paise
  • C50 paise
  • D10 paise

Explanation The rupee fell 31 paise to close at 95.67 against the US dollar on June 3, 2026.

Q2 What was cited as the main reason for the fall of the Indian rupee against the US dollar?

  • AUS Trade Representative’s action amid US-Iran tensionsCorrect
  • BIncrease in domestic inflation
  • CRise in oil prices
  • DStrengthening of the Euro

Explanation Forex traders said the US Trade Representative’s action amid fresh hostilities and stalled talks between the US and Iran weighed on investor sentiment, causing the rupee to fall.

Q3 What was the rupee's value against the US dollar in early trade on June 3, 2026?

  • A95.64Correct
  • B95.67
  • C96.00
  • D94.50

Explanation In early trade, the rupee fell 28 paise to 95.64 against the US dollar.

Oyo-parent Prism receives SEBI approval for ₹6,650 crore IPO

Prism, the parent company of Oyo, has secured approval from the Securities and Exchange Board of India (SEBI) to raise ₹6,650 crore through an initial public offering (IPO). The company utilized the confidential pre-filing route, enabling it to seek SEBI's initial feedback on its draft IPO document without public disclosure. This marks a significant step for Prism in its plans to go public.

Exam angle Questions may focus on recent major IPO approvals by SEBI and the confidential pre-filing process.
PrismOyoSEBIIPO₹6,650 croreconfidential pre-filing route

Source The Hindu

Practice MCQs

Q1 What is the amount Prism, Oyo's parent company, plans to raise through its IPO?

  • A₹5,000 crore
  • B₹6,650 croreCorrect
  • C₹7,500 crore
  • D₹10,000 crore

Explanation Prism has received SEBI approval to raise ₹6,650 crore through its IPO.

Q2 Which regulatory body approved Prism's IPO?

  • ARBI
  • BSEBICorrect
  • CIRDAI
  • DNSE

Explanation The Securities and Exchange Board of India (SEBI) approved Prism's IPO.

Q3 What special route did Prism use to engage with SEBI for its IPO draft document?

  • APublic filing route
  • BConfidential pre-filing routeCorrect
  • CDirect listing
  • DReverse merger

Explanation Prism opted for the confidential pre-filing route to seek SEBI's feedback without public disclosure.

India to Replace Wholesale Price Index with Producer Price Index by 2031

The Indian government announced that the Wholesale Price Index (WPI), a key indicator measuring average price changes of commodities at the initial stage of commercial transactions, will be replaced by the Producer Price Index (PPI) by 2031. A new WPI series will be released on June 15, 2026, as part of an overhaul before the eventual transition to PPI. This change aims to modernize the measurement of price changes in the economy.

Exam angle Questions may focus on the transition from WPI to PPI and the timeline of implementation.
Wholesale Price IndexProducer Price IndexIndiaJune 15, 2026government

Source The Hindu

Practice MCQs

Q1 When will the new Wholesale Price Index (WPI) series be released in India?

  • AJune 15, 2026Correct
  • BJune 15, 2031
  • CJanuary 1, 2027
  • DDecember 31, 2026

Explanation The new WPI series is scheduled to be released on June 15, 2026, as stated by the government.

Q2 By which year will India replace the Wholesale Price Index with the Producer Price Index?

  • A2026
  • B2028
  • C2031Correct
  • D2035

Explanation India plans to replace the WPI with the Producer Price Index by the year 2031.

Q3 What does the Wholesale Price Index measure?

  • AAverage change in retail prices of goods
  • BAverage change in prices of a fixed basket of commodities at the initial stage of commercial transactionsCorrect
  • CAverage change in consumer income
  • DAverage change in export prices

Explanation WPI measures the average change in prices of a fixed basket of commodities at the initial stage of commercial transactions.

Adani Group Posts Record $16 Billion Capex and ₹94,834 Crore EBITDA in FY26

In FY26, the Adani Group reported a record capital expenditure of $16 billion and achieved an all-time high EBITDA of ₹94,834 crore. The conglomerate, spanning sectors from ports to energy, indicated that these assets are expected to contribute more significantly to earnings and cash flows starting FY27.

Exam angle Questions may focus on the Adani Group's financial performance and capital expenditure in FY26.
Adani Groupcapital expenditureEBITDAFY26portsenergy

Source The Hindu

Practice MCQs

Q1 What was the capital expenditure (capex) of the Adani Group in FY26?

  • A$10 billion
  • B$16 billionCorrect
  • C$20 billion
  • D$25 billion

Explanation The Adani Group posted a record capital expenditure of $16 billion in FY26.

Q2 What was the all-time high EBITDA reported by the Adani Group in FY26?

  • A₹80,000 crore
  • B₹90,000 crore
  • C₹94,834 croreCorrect
  • D₹100,000 crore

Explanation The Adani Group achieved an all-time high EBITDA of ₹94,834 crore in FY26.

Q3 From which financial year are the Adani Group's assets expected to contribute more meaningfully to earnings and cash flows?

  • AFY25
  • BFY26
  • CFY27Correct
  • DFY28

Explanation The assets are expected to contribute more meaningfully to earnings and cash flows from FY27 onwards.

Wipro to Increase Stake in US Firm Aggne Global to 80% for $28.5 Million

Wipro Ltd's subsidiary, Wipro IT Services, LLC, will acquire an additional 20% stake in the US-based company Aggne Global Inc for $28.5 million. This acquisition will raise Wipro's total ownership in Aggne Global to 80%. The cash transaction is expected to be completed by June 5, 2026, according to regulatory filings.

Exam angle Questions may focus on recent major acquisitions by Indian IT companies and their global expansion strategies.
Wipro LtdWipro IT Services LLCAggne Global IncUnited Statesstake acquisitionJune 5, 2026

Source Livemint

Practice MCQs

Q1 What percentage stake will Wipro hold in Aggne Global after the recent acquisition?

  • A60%
  • B70%
  • C80%Correct
  • D100%

Explanation Wipro will increase its stake in Aggne Global to 80% after acquiring an additional 20%.

Q2 How much did Wipro pay to acquire the additional stake in Aggne Global?

  • A$20 million
  • B$28.5 millionCorrect
  • C$30 million
  • D$35 million

Explanation Wipro paid $28.5 million to acquire the additional 20% stake in Aggne Global.

Q3 By which date is the acquisition of the additional stake in Aggne Global expected to be completed?

  • AMay 31, 2026
  • BJune 5, 2026Correct
  • CJune 10, 2026
  • DJuly 1, 2026

Explanation The transaction is expected to be completed by June 5, 2026.

Centre’s Domestic Financing Nearly Doubles to ₹3.6 Trillion in April

In April 2026, the Indian government's domestic financing surged to ₹3.6 trillion, nearly doubling compared to previous periods. This increase was driven by strong inflows from small savings and residual domestic financing sources. The rise in domestic financing has eased the pressure on the government's capital spending for the fiscal year 2027 by reducing its dependence on market borrowings.

Exam angle Focus on government financing methods and their impact on fiscal management in FY27.
Centredomestic financing₹3.6 trillionsmall savingsFY27market borrowings

Source Livemint

Practice MCQs

Q1 What was the amount of the Centre's domestic financing in April 2026?

  • A₹1.8 trillion
  • B₹3.6 trillionCorrect
  • C₹5 trillion
  • D₹2.4 trillion

Explanation The Centre's domestic financing nearly doubled to ₹3.6 trillion in April 2026.

Q2 What contributed to the surge in the Centre's domestic financing in April 2026?

  • AIncreased foreign investments
  • BStrong small savings inflows and residual domestic financingCorrect
  • CHigher market borrowings
  • DIncreased tax revenues

Explanation The surge was due to strong small savings inflows and residual domestic financing.

Q3 How did the increase in domestic financing affect the government's fiscal strategy for FY27?

  • AIncreased reliance on market borrowings
  • BReduced capital spending
  • CReduced reliance on market borrowingsCorrect
  • DIncreased foreign debt

Explanation The increase in domestic financing reduced the government's reliance on market borrowings for FY27.

Frequently asked questions

What are the key current affairs of June 3, 2026?
17 items spanning Economy, National, International. Each item carries a short summary, an exam-relevance note, and 2 to 3 MCQs you can practise immediately.
Which exams is this digest tailored for?
TNPSC, SSC (CGL, CHSL), Banking (IBPS, SBI), RRB and GATE General Awareness sections. The exam-relevance line under each item highlights the most likely question angle.
Is Tamil Nadu news covered in this digest?
Yes — this digest includes 1 Tamil Nadu items aimed at TNPSC aspirants, alongside national coverage.

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