02 July 2026 | English | FREE Current Affairs PDF

• The Pradhan Mantri Krishi Sinchayee Yojana (PMKSY) has completed more than ten years of implementation, benefiting over 27 million farmers and creating or restoring irrigation potential across 24.61 million hectares with central assistance exceeding ₹64,407 crore.
• The Government of India has consolidated and published its monthly accounts upto May 2026, recording total receipts of ₹7,18,669 crore and a total expenditure of ₹8,81,023 crore for the financial year 2026-27.
• The Goods and Services Tax (GST) celebrated its nine years of implementation on 1 July 2026, marking a historic milestone in India’s indirect tax reform journey by transitioning to a simplified, destination-based consumption tax system.
• Dr. R. Balasubramaniam released the National Study Report on Low Participation in Gram Sabha across States and Union Territories in New Delhi, which covers nearly 7,800 respondents across 26 States and Union Territories to assess public engagement in grassroots democracy.
• Union Home Minister and Minister of Cooperation Shri Amit Shah launched the Foreign Contribution (Regulation) Act (FCRA) 2.0 Portal and the Electronic Overseas Citizen of India (e-OCI) Card in New Delhi to eliminate physical documentation, increase citizen convenience, and strengthen real-time monitoring.
• The Reserve Bank of India (RBI) has extended the effective date of the Amendment Directions on Capital Market Exposures (CME) by three months to 1 July 2026 following representations from banks, capital market intermediaries, and various industry associations regarding operational and interpretational clarifications.
• Tata Communications has announced an investment of 152 million United States Dollars (USD) to upgrade its subsea cable systems connecting India and Singapore in order to address the rising demand for high-speed data transmission and cloud computing.
• Coal India plans to invest 19 billion rupees to enhance its research and development initiatives focused on clean coal, net-zero technologies, and mineral recovery by the fiscal year 2030.
• India’s organised dairy sector is expected to register a revenue growth of 13 to 15 per cent during the current financial year due to sustained consumer demand and phased retail price hikes.
• The central government’s fiscal deficit for the first two months of the financial year 2026-2027 stood at 1.62 lakh crore rupees, reaching 9.6 per cent of the full-year budget estimate.
• The Expenditure Finance Committee of the Union Finance Ministry has approved a financial outlay of 1.25 lakh crore rupees for the second phase of the India Semiconductor Mission to strengthen domestic chip manufacturing and design capabilities.
• The Reserve Bank of India has stated in its Financial Stability Report that the gross bad loans of Indian banks may inch up to 1.9 per cent by March 2028 from 1.8 per cent in March 2026, though the financial system remains highly resilient.
• Public sector lenders Canara Bank, Bank of Baroda, and Indian Bank have collectively paid a dividend of 7,023 crore rupees to the central government for the financial year 2025-2026.
• The central government has launched a 236 crore rupee initiative named Mission Queen to expand the global market share of Tripura’s Queen pineapple variety and increase its economic value to 200 crore rupees by 2028.
• The Gujarat Police has signed a Memorandum of Understanding (MoU) with Sahakar Taxi Cooperative Limited (Bharat Taxi) to integrate advanced digital safety features, introduce driver police verification, and secure urban mobility across the state.
• General Dhiraj Seth, widely known as a “straight-talking tankman,” has officially assumed charge as the 31st Chief of the Army Staff (COAS), stepping into office at a critical juncture focused on accelerating force restructuring, theaterisation, and high-tech military modernisation.
• The Indian Space Research Organisation has successfully completed a high-thrust hot test of its semi-cryogenic engine power head, reaching 175 tonnes of thrust at its dedicated propulsion complex in Tamil Nadu.
• The United Nations General Assembly has established June 30 as International Asteroid Day to educate the public on near-Earth object impact hazards and commemorate the historic 1908 Tunguska impact over Siberia.
• Indian wildlife conservationists Parveen Shaikh and Dr. Barkha Subba have been honored with the prestigious 2026 Whitley Awards (popularly known as the “Green Oscars”) for their exceptional grassroots efforts to protect threatened wetland and riverine species in India.
• Mintage World has officially launched a curated coffee table book that chronicles major national milestones and government initiatives through commemorative stamps, coins, and banknotes issued during the tenure of Prime Minister Narendra Modi.

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