Daily Current Affairs – 3 June 2026

Staying updated with today’s current affairs is essential for competitive exam aspirants preparing for SSC, UPSC, banking, state PSCs, and railway exams. The 3 June 2026 current affairs cover major national developments, international events, economy updates, and sports achievements that frequently appear in the General Awareness section of government exams.

India – National Current Affairs

D.K. Shivakumar Sworn In as Karnataka’s 24th Chief Minister – D.K. Shivakumar took oath as Karnataka Chief Minister at 4:05 PM on 3 June 2026 at Glass House, Lok Bhavan, Bengaluru, with Governor Thaawarchand Gehlot administering the oath. Exam importance: Know the CM name, oath date/time, and that he is the 24th CM of Karnataka.

Justice V. Mohana Sworn In as 12th Woman Supreme Court Judge – Coimbatore advocate Venkata Subramani Mohana was sworn in as a Supreme Court judge on 2 June 2026, becoming the first woman directly elevated from the Bar in 5 years. Exam importance: She is the 12th woman SC judge and 2nd woman directly elevated from Bar after Justice Indu Malhotra.

India-Oman CEPA Came into Force on 1 June 2026 – The Comprehensive Economic Partnership Agreement officially started, offering 99.38% duty-free access for Indian exports to Oman’s USD 28 billion import market. Exam importance: CEPA provides 98.08% duty-free coverage for India’s exports; first consignments flagged off from Mumbai, Kolkata, and Chennai.

Deendayal Port Wins ‘Sagar Aankalan’ Award for Best Container Cargo Performance – Deendayal Port Authority (formerly Kandla Port, Gujarat) topped the ‘Handling of Container Cargo <0.5 Million TEUs’ category for FY2024-25; Union Minister Sarbananda Sonowal presented the award. Exam importance: Paradip Port won 1st position in Dry Bulk Cargo (>5 million tonnes).

MAHA Water Mission Launched with ₹200 Crore Budget – Ministry of Jal Shakti and ANRF jointly launched this 5-year innovation programme to support water sector startups with up to ₹20 crore per consortium. Exam importance: Focuses on water resource assessment, drinking water, water quality, and climate resilience.

‘Khet Bachao Abhiyan’ Launched in Madhya Pradesh – Union Minister Shivraj Singh Chouhan launched this month-long campaign (1-30 June 2026) in Raisen, MP, to reduce urea use and promote soil-test-based balanced nutrition. Exam importance: Promotes green manures, organic/bio-fertilisers, and Integrated Nutrient Management (INM).

BHASHINI Signs MoU with DPIIT for Multilingual Investment Ecosystem – The Digital India BHASHINI Division partnered with DPIIT to provide investment services in all 22 Eighth Schedule languages through AI-powered translation tools. Exam importance: Includes BHASHINI Udyat, Mitra, Appmitra, and Pravakta initiatives.

Indian Army Tests Indigenous ‘Divyastra Mk-1’ Loitering Munition – The AI-powered tactical UAV for intelligence, surveillance, and reconnaissance was successfully trialled in Jodhpur, Rajasthan, developed by Hoverit. Exam importance: Features AI swarm capabilities for autonomous navigation and precision strikes.

New Lizard Species ‘Mesalina bishnoi’ Discovered in Rajasthan – Zoological Survey of India scientists discovered this species near Gajner, Bikaner, marking the first confirmed record of genus Mesalina in India. Exam importance: Named after the Bishnoi community for their conservation ethos; snout-vent length ~39.2 mm.

PM SVANidhi Scheme Completes 6 Years – Launched in 2020, the scheme has disbursed 1.12 crore loans worth ₹17,800 crore to 75 lakh street vendors; extended until March 2030. Exam importance: Offers collateral-free loans in three tranches: ₹15,000, ₹25,000, and ₹50,000.

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International Current Affairs

Bangladesh Elected to Lead 81st UN General Assembly – Foreign Minister Khalilur Rahman was elected UNGA President on 2 June 2026, receiving 99 of 190 ballots; he becomes the second Bangladeshi to hold this position after Humayun Rashid Choudhury (1986-87). Exam importance: Term begins 8 September 2026; defeated Cyprus candidate Andreas Kakouris (91 votes).

Iran Announces 3-Day State Funeral for Ayatollah Khamenei – Iran revealed funeral plans with ceremonies in Tehran, Qom, and Mashhad; up to 20 million people expected to attend the 24-hour Tehran service. Exam importance: Funeral postponed due to Iran war; ceremonies expected in mid-June 2026.

Kuwait Intercepted Iranian Missiles and Drones – Iran launched missile and drone attacks on Kuwait; U.S. forces intercepted two Iranian ballistic missiles targeting American bases in Kuwait on 1 June 2026. Exam importance: No American casualties reported; U.S. subsequently struck Iranian air defenses.

India Finalised BrahMos Export Deal with Vietnam – Defence Secretary Rajesh Kumar Singh confirmed the signed deal at Shangri-La Dialogue, Singapore; estimated worth ₹6,000 crore ($629-700 million). Exam importance: Negotiations with Indonesia in final stages; BrahMos developed via BrahMos Aerospace JV.

US, Britain, Australia to Develop Underwater Drones Under AUKUS – The trilateral partnership announced Uncrewed Undersea Vehicle (UUV) development at Shangri-La Dialogue to protect seabed infrastructure; UK contributing $201 million. Exam importance: First major project under AUKUS Pillar Two; deployment expected by 2027.

Florida Becomes First US State to Sue OpenAI and Sam Altman – Attorney General James Uthmeier filed an 83-page complaint on 2 June 2026 over public safety concerns and consumer deception regarding ChatGPT. Exam importance: Allegations include prioritizing commercial growth over safety and inadequate parental oversight.

Forbes World’s Top 10 Richest People 2026 Released – Elon Musk retained top spot with USD 835 billion net worth; Larry Page (USD 309 billion) and Sergey Brin (USD 285 billion) ranked 2nd and 3rd. Exam importance: Jeff Bezos (4th, USD 277 billion); Mark Zuckerberg (7th, USD 206.1 billion).

Indian Haj Mission Wins Labbaytum Awards in Saudi Arabia – The mission secured two prestigious awards for Best Haj Coordination and Communication at Khitamahu Misk ceremony on 1 June 2026; first time India won from Saudi Haj Ministry. Exam importance: Represented by Consul General Fahad Suri and Consul Haj Sadaf Choudhary.

Economy & Banking

RBI Annual Report 2025-26: Balance Sheet Expands 20.6% to ₹91.97 Lakh Crore – RBI’s balance sheet grew from ₹76.25 lakh crore to ₹91.97 lakh crore as of 31 March 2026; domestic investments rose 44.9% to ₹22.59 lakh crore. Exam importance: Gold holdings increased 63.8% to ₹10.94 lakh crore; fraud amount rose 46% to ₹48,021 crore.

Mahindra-Manulife JV Receives MCA Approval for Insurance Company – Ministry of Corporate Affairs approved incorporation of Mahindra Manulife Insurance Limited (MMIL), a 50:50 life insurance JV; Suresh Agarwal appointed MD & CEO-designate. Exam importance: Vision is “Insurance for All” with AI-native, digitally-led solutions.

HUL Inaugurates 3rd Fragrance R&D Hub at IIT-Bombay – Hindustan Unilever opened Unilever Fragrance Hub (UFH) in Mumbai as part of EUR 100 million investment; cost ₹95 crore. Exam importance: Aims for 20% reduction in product development cycles; supports 30+ local/premium brands.

Karur Vysya Bank Launches Premium Visa Credit Card Portfolio – KVB partnered with Visa on 2 June 2026 to launch four card variants: Aura (Platinum), Samara (Signature), Altura & Eternis (Infinite). Exam importance: Target segment: affluent and emerging affluent customers; KVB established 1916, HQ: Karur, Tamil Nadu.

Government Launches Common Landing Portal for Unclaimed Assets – Department of Financial Services launched www.unclaimedassetsportal.in on 30 May 2026 for single-window search of unclaimed bank deposits, insurance, shares, and mutual funds. Exam importance: Developed with Public Sector Bank Alliance (12 PSBs); Secretary Financial Services: M. Nagaraju.

India-South Africa Meeting for MSME Cooperation in New Delhi – Bilateral meeting held on 1 June 2026 at Kartavya Bhawan-III; Indian delegation led by MSME Minister Jitan Ram Manjhi. Exam importance: Focus on access to finance, enterprise formalization, digitalization, and skilling.

Science, Technology & Environment

Odisha, Intel, and 3DGS Partner for India’s First Glass Core Substrate Facility – MoU signed on 29 May 2026 to establish Advanced Packaging Glass Core Substrate Manufacturing in Bhubaneswar-Khurda region over 5-6 years. Exam importance: Part of India Semiconductor Mission; will produce High-density Interconnect (HDI) substrates.

Three Indian Teens Win Earth Prize 2026 for Biodegradable Water Filter – Vivaan Chhawchharia, Ariana Agarwal, and Avyana Mehta (all 16 years) developed “Plas-Stick” using tamarind seed waste to remove microplastics; awarded $12,500 grant. Exam importance: Developed with IIT Guwahati; uses handheld magnet for microplastic removal.

Bajaj Finserv Invests ₹2,000 Crore in AI and Quantum Technologies – Launched “Finserv Intelligence” initiative on 29 May 2026 with IIT Bombay MoU; building 40-member PhD research team. Exam importance: Focus on AI, cybersecurity, quantum technologies; aims to support 20-30 Indian languages.

UN Honours Tamil Nadu Farmer Valluvan as FAO Soil Farmer Hero – 58-year-old Pollachi farmer recognized on 29 May 2026 for multi-crop tree-based farming on 11 hectares; income increased from ₹30,000 to ₹2.5-3 lakh per acre. Exam importance: Cultivates 14 crop varieties and 30 tree varieties; part of Cauvery Calling initiative.

NISM and Galgotias University Partner for Financial Education – National Institute of Securities Markets (SEBI’s educational initiative) collaborated on 30 May 2026 for securities markets and fintech training. Exam importance: Students get NISM certifications; uses NSE SMART Lab for simulation-based learning.

Sports & Important Days

RCB Wins IPL 2026, Defeats Gujarat Titans in Final – Royal Challengers Bengaluru won their second successive IPL title on 31 May 2026; captain Rajat Patidar scored unbeaten 93 off 33 balls in semi-final. Exam importance: Kohli and seamers played crucial roles in final victory.

Satwik-Chirag Win Singapore Open 2026 Men’s Doubles – Indian duo defeated Indonesia’s Fajar Alfian-Muhammad Fikri 18-21, 21-17, 21-16 on 31 May 2026; first Indian men’s doubles team to win this title. Exam importance: First BWF World Tour title in 2 years; 9th career World Tour title, 3rd Super 750 crown.

Indian Women’s Team Wins 10 Medals (2 Gold) at U17 Asian Wrestling Championships – Held in Da Nang, Vietnam (28-31 May 2026); Diksha (43kg) and Garima (73kg) won gold; 100% podium finish. Exam importance: Organised by United World Wrestling (UWW); 3 silver, 5 bronze medals.

22 Rowers Inducted into TOPS Development Group for 2026 Asian Games – Ministry of Youth Affairs and Sports inducted rowers on 1 June 2026 including Paris 2024 Olympian Balraj Panwar; 174th MOC meeting approved. Exam importance: Targets 2026 Asian Games (Aichi-Nagoya, Japan) and 2030 Commonwealth Games (India); RFI established 1976, HQ: Mumbai.

Meghalaya to Host 39th National Games in February-March 2027 – Indian Olympic Association announced Meghalaya as first-time host; will receive IOA flag during 38th Games closing ceremony in Uttarakhand. Exam importance: 39th edition; February-March 2027 window.

Salima Tete to Captain India at FIH Women’s Nations Cup 2026 – Hockey India announced 20-member squad on 2 June 2026 for tournament in Auckland, New Zealand (15-21 June 2026); Sjoerd Marijne is chief coach. Exam importance: India in Pool A with Japan, USA, Uruguay; hosted by New Zealand.

BRO Celebrates 37th Raising Day of Project UDAYAK in Assam – Celebrated on 1 June 2026 at Doomdooma, Assam; handles 1,457 km road network in Arunachal Pradesh and Assam along LAC and Indo-Myanmar border. Exam importance: Project established 1987; BRO motto: “Shramena Sarvam Sadhyam”; established 7 May 1960.

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Daily Current Affairs – 3 June 2026