Daily Current Affairs – 1 June 2026 | UPSC, SSC, Banking, Railway & State PSC Updates

Introduction

Current Affairs 1 June 2026 brings several important developments for competitive exam aspirants. Key highlights include the launch of India’s first SkyCast aviation weather monitoring system, NITI Aayog’s semiconductor roadmap, reforms in Corporate Social Responsibility (CSR) regulations, and a major semiconductor manufacturing agreement involving Odisha, Intel, and 3D Glass Solutions. These Latest Current Affairs 2026 updates are highly relevant for UPSC, SSC, Banking, Railways, Insurance, and State PSC examinations.

Detailed Current Affairs - 1 June 2026

National Affairs

SkyCast System Launched at IGI Airport

Why in News

Union Minister Dr. Jitendra Singh inaugurated India’s first SkyCast Aviation Weather Monitoring System at Indira Gandhi International Airport, New Delhi. Developed under Mission Mausam, the system is designed to improve aviation safety through advanced weather forecasting and fog monitoring capabilities. India has become the 19th country to deploy such an integrated aviation weather monitoring platform.

Key Highlights

• SkyCast provides real-time weather monitoring and alerts up to 3 hours in advance.
• Developed under Mission Mausam.
• Supports aviation safety and reduces fog-related disruptions.
• Integrates RWP, SODAR, Microwave Radiometer, GFAS, Ceilometer, and AWS.
• Monitors atmospheric conditions up to 3 km altitude.
• Supported by IMD, IITM Pune, DIAL, and GMR Group.

Knowledge Booster

• IMD Headquarters: New Delhi
• IITM: Pune, Maharashtra
• Mission Mausam focuses on weather forecasting modernization.
• Aviation weather systems help reduce operational risks.

NITI Aayog Releases Semiconductor Roadmap

Why in News

NITI Aayog’s Frontier Tech Hub released a 10-year roadmap titled Future of India’s Semiconductor Industry, envisioning India as a major global semiconductor manufacturing and innovation hub by 2035.

Key Highlights

• Target semiconductor value chain of USD 120-150 billion by 2035.
• India could capture 10-13% of the global semiconductor market.
• Focus on chip design, manufacturing, packaging and testing.
• Promotes More-than-Moore strategy.
• Encourages OSAT packaging capabilities.
• Supports advanced semiconductor materials development.

Analysis

The roadmap aligns with India’s ambition to reduce import dependency and establish itself as a strategic semiconductor manufacturing destination. Semiconductor capability is increasingly linked to economic competitiveness, digital sovereignty, defence technology, and artificial intelligence leadership.

📊 Infographic Brief - India Semiconductor Roadmap 2035
Type: Timeline
Title: India’s Semiconductor Growth Path
Key Elements:

• Current import dependence
• OSAT development
• Chip design ecosystem
• USD 120-150 Billion target
• Global market share goal

MCA Enables CSR Spending Through ZCZP Instruments

Key Highlights

• ZCZP (Zero Coupon Zero Principal) instruments included under CSR activities.
• Amendment notified under Companies (CSR Policy) Amendment Rules, 2026.
• Supports fundraising by Not-for-Profit Organisations (NPOs).
• Listed on Social Stock Exchanges (SSEs).
• CSR contribution through ZCZP capped at 10% of annual CSR spending.
• Linked to Section 135 of the Companies Act, 2013.

DFS Launches Common Landing Portal for Unclaimed Financial Assets

Key Highlights

• Launched by Department of Financial Services.
• Helps citizens locate unclaimed deposits and investments.
• Covers bank deposits, insurance claims, shares, dividends and mutual funds.
• Linked to campaign “Aapki Poonji, Aapka Adhikar”.
• Supports transparency and financial inclusion.
• Aligns with Viksit Bharat 2047 vision.

Odisha-Intel-3DGS Semiconductor Manufacturing Agreement

Key Highlights

• Investment of USD 3.3 billion.
• Facility planned in Bhubaneswar-Khurda region, Odisha.
• Focus on Glass Core Substrate Manufacturing.
• Project implementation over 5-6 years.
• Supports India Semiconductor Mission (ISM).
• Expected to create significant high-skilled employment.

Economy & Banking

NISM Partners with Galgotias University

Key Highlights

• Partnership between NISM and Galgotias University.
• Focus on securities markets, fintech and derivatives education.
• Students gain access to NISM certifications.
• Utilizes NSMART platform and SMART Lab.
• Promotes industry-oriented financial learning.

Bajaj Finserv Intelligence Launched with IIT Bombay

Key Highlights

• Joint initiative by Bajaj Finserv and IIT Bombay.
• Focus on AI, cybersecurity and quantum technologies.
• Planned investment of ₹1,500-2,000 crore over five years.
• Supports innovation startups and deep-tech research.
• Also targets healthcare, climate solutions and financial inclusion.
   

Awards & Recognitions

Valluvan Named FAO Soil Farmer Hero

Key Highlights

• Farmer Valluvan from Pollachi, Tamil Nadu honoured by FAO.
• Recognised for sustainable multi-crop agriculture.
• Converted an 11-hectare farm into a highly productive model.
• Supported by Isha Foundation’s Cauvery Calling initiative.
• Cultivates more than 14 crop types.

Appointments & Resignations

Rajesh Kumar Singh Gets Additional Charge of DRDO

Key Highlights

• Rajesh Kumar Singh assigned additional charge as DRDO Chairman and DDR&D Secretary.
• Continues as Defence Secretary.
• Succeeds Dr. Samir V. Kamat after completion of tenure.
• 1989-batch IAS officer of Kerala cadre.

Obituary

Former MP K. P. Dhanapalan Passes Away

• Former Lok Sabha MP from Chalakudy passed away at age 76.
• Served Congress party in several leadership positions.
• Former Chairman of Milma.
• Contributed significantly to Kerala politics and public life.

Books & Authors

Rajnath Singh Releases “Operation Sindoor”

Key Highlights

• Commemorative volume documents experiences of 100 Armed Forces personnel.
• Covers lessons from Operation Sindoor.
• Released by Rajnath Singh.
• Compiled under guidance of CDS General Anil Chauhan.
• Highlights India’s integrated warfare capabilities.

Important Days

International Week of Solidarity with the Peoples of Non-Self-Governing Territories

• Observed annually from 25-31 May.
• Promotes self-determination and decolonization.
• Established through UNGA Resolution A/RES/54/91.
• First observed in 2000.

Today's Current Affairs One-Liners - 1 June 2026

National Affairs

● Science & Technology - Union Minister Dr. Jitendra Singh inaugurated India's first SkyCast Aviation Weather Monitoring System at Indira Gandhi International Airport (IGI), New Delhi, making India the 19th country globally to deploy an integrated aviation weather forecasting system under Mission Mausam.

● Mission Mausam - The SkyCast System combines advanced technologies including Radar Wind Profiler (RWP), SODAR, Microwave Radiometer, Ground-based Fog Aerosol Spectrometer (GFAS), Ceilometer, and Automated Weather Stations (AWS) to provide weather alerts up to three hours in advance, improving aviation safety.

● Technology & Manufacturing - NITI Aayog's Frontier Tech Hub released India's first comprehensive semiconductor roadmap titled "Future of India's Semiconductor Industry", targeting a USD 120-150 billion semiconductor value chain by 2035.

● Semiconductor Industry - According to the roadmap, India aims to capture 10-13% of the global semiconductor market by 2035 through expansion of chip design, manufacturing, packaging, testing, and advanced materials production.

● Corporate Affairs - The Ministry of Corporate Affairs (MCA) amended Schedule VII of the Companies Act, 2013, allowing CSR expenditure through subscription to Zero Coupon Zero Principal (ZCZP) Instruments listed on Social Stock Exchanges (SSEs).

● CSR Reforms - Under the new CSR framework, companies can allocate up to 10% of their annual CSR spending through ZCZP Instruments, enabling regulated fundraising for eligible Not-for-Profit Organisations (NPOs).

● Financial Inclusion - The Department of Financial Services (DFS) launched the Common Landing Portal for Unclaimed Financial Assets to help citizens search for unclaimed bank deposits, insurance claims, shares, dividends, and mutual fund investments.

● Government Initiative - The Common Landing Portal supports the nationwide campaign "Aapki Poonji, Aapka Adhikar" and aligns with the vision of Viksit Bharat 2047 by improving access to financial information and asset recovery.

● Semiconductor Manufacturing - The Government of Odisha, in partnership with Intel Corporation and 3D Glass Solutions (3DGS), USA, signed an MoU to establish a USD 3.3 billion Advanced Packaging Glass Core Substrate Manufacturing Facility.

● India Semiconductor Mission (ISM) - The proposed facility in the Bhubaneswar-Khurda region of Odisha will focus on advanced packaging substrates and strengthen India's semiconductor supply chain, exports, and employment generation.

Banking & Finance

● Financial Education - The National Institute of Securities Markets (NISM) partnered with Galgotias University, Uttar Pradesh, to expand industry-oriented education in securities markets, derivatives, fintech, portfolio management, and risk management.

● Capital Market Learning - Through the collaboration, students will gain access to NISM certifications, e-learning modules, faculty development programmes, and simulation-based learning through the NSMART platform.

● Artificial Intelligence - Bajaj Finserv and IIT Bombay jointly launched "Bajaj Finserv Intelligence", a strategic initiative focused on advancing research in Artificial Intelligence (AI), cybersecurity, quantum technologies, and deep-tech innovation.

● Investment & Innovation - Bajaj Finserv announced plans to invest between ₹1,500 crore and ₹2,000 crore over five years in AI-focused startups and next-generation technology research projects.

Awards & Recognitions

● Agriculture Award - Valluvan, a coconut farmer from Pollachi, Tamil Nadu, was honoured as the FAO Soil Farmer Hero for adopting sustainable multi-crop farming practices and improving soil health.

● Sustainable Agriculture - Supported by Isha Foundation's Cauvery Calling Programme, Valluvan transformed his 11-hectare farm into a profitable multi-tier agricultural model cultivating more than 14 crop varieties and 30 tree species.

Appointments & Resignations

● Defence Appointment - Rajesh Kumar Singh, Defence Secretary of India, was assigned the additional charge of Secretary, Department of Defence Research and Development (DDR&D) and Chairman, DRDO, following the completion of Dr. Samir V. Kamat's tenure.

● Civil Services - Rajesh Kumar Singh is a 1989-batch IAS officer of the Kerala cadre and has previously served as Secretary of DPIIT and the Department of Animal Husbandry and Dairying.

Obituary

● Political Personality - Former Lok Sabha MP from Chalakudy, K. P. Dhanapalan, passed away at the age of 76 years in Kerala and was known for his long association with the Indian National Congress.

● Political Career - K. P. Dhanapalan served as President of the Ernakulam District Congress Committee, held key positions in the Kerala Pradesh Congress Committee, and represented Chalakudy constituency in the 15th Lok Sabha.

Books & Authors

● Defence Literature - Defence Minister Rajnath Singh released a commemorative volume titled "Operation Sindoor", documenting experiences and testimonies of 100 personnel from the Indian Armed Forces involved in the operation.

● Military Operations - The publication highlights lessons from Operation Sindoor, launched on 7 May 2025 after the Pahalgam terror attack, showcasing India's integrated multi-domain warfare capabilities.

Important Days

● International Observance - The International Week of Solidarity with the Peoples of Non-Self-Governing Territories was observed from 25-31 May 2026 to promote decolonization, self-determination, human rights, and sustainable development.

● United Nations - The observance originates from UN General Assembly Resolution A/RES/54/91 (1999), while the first International Week of Solidarity with the Peoples of Non-Self-Governing Territories was observed in May 2000.