Daily Current Affairs – 10 June 2026 | UPSC, SSC, Banking, Railways & State PSC Exam Updates
Today's current affairs cover India–Nepal relations, BHAVYA industrial parks scheme, SIPRI military expenditure report, RBI forex swap facility, Sahamati Foundation's SRO recognition, major appointments, sports achievements, and important international observances relevant for government exam aspirants.
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Introduction
Current Affairs 10 June 2026 brings several important developments for aspirants preparing for UPSC, SSC, Banking, Insurance, Railways, Defence, and State PSC examinations. Today's coverage includes Nepal Foreign Minister Shisir Khanal's India visit, the launch of the BHAVYA Portal, the SIPRI Yearbook 2026, new RBI forex swap facilities, and India's dominance at the World Yogasana Championship 2026. These Latest Current Affairs 2026 updates are highly relevant for General Awareness, Current Affairs, International Relations, Economy, and Government Schemes sections of competitive examinations. Based on the sources provided by the user, all major topics have been covered.
Detailed Current Affairs - 10 June 2026
National Affairs
India-Nepal Relations Strengthened During Nepal FM Shisir Khanal's Visit
Why in News
Shisir Khanal, Foreign Minister of Nepal, visited India from 5-7 June 2026 at the invitation of External Affairs Minister Dr. S. Jaishankar. The visit focused on reviewing bilateral cooperation across trade, connectivity, energy, development partnership, and people-to-people relations.
The discussions highlighted the growing strategic partnership between India and Nepal. Both sides explored opportunities in digital public infrastructure, financial connectivity, and post-earthquake reconstruction cooperation.
The visit resulted in three major outcomes, including the launch of a cross-border digital payment linkage, collaboration in language technology development, and the handover of reconstruction projects funded by India.
Key Highlights
- UPI-NPI linkage was launched to facilitate seamless cross-border digital payments between India and Nepal.
- BHASHINI Division and Kathmandu University signed an MoU to jointly develop multilingual language technologies.
- 84 India-funded reconstruction projects completed after Nepal's 2015 earthquake were formally handed over.
- Discussions covered trade, transit, connectivity, energy cooperation, and development partnerships.
- Nepal FM also met Ajit Doval, India's National Security Advisor.
- The visit reaffirmed India's Neighbourhood First Policy.
Quick Facts
| Parameter | Details |
|---|---|
| Country | Nepal |
| Visiting Minister | Shisir Khanal |
| Indian Counterpart | Dr. S. Jaishankar |
| Key Outcome | UPI-NPI linkage |
| Additional Outcome | BHASHINI-DPI AI MoU |
| Projects Handed Over | 84 |
Knowledge Booster
- Nepal is India's strategic Himalayan neighbour.
- India follows the Neighbourhood First Policy.
- UPI is developed by NPCI.
- BHASHINI operates under MeitY.
- India played a major role in Nepal's post-2015 earthquake reconstruction.
BHAVYA Portal Launched for Development of 100 Industrial Parks
Why in News
Union Minister Piyush Goyal launched the BHAVYA Portal to operationalise the Bharat Audyogik Vikas Yojana (BHAVYA). The scheme aims to develop 100 world-class industrial parks across India through a Centre-State partnership model.
The portal will enable digital project management, appraisal, monitoring, and implementation of industrial park projects. It is expected to enhance industrial competitiveness and manufacturing growth.
The initiative aligns with India's broader goal of becoming a global manufacturing hub while supporting MSMEs and startups.
Key Highlights
- Scheme outlay of ₹33,660 crore.
- Development of 100 investment-ready industrial parks.
- Implemented by NICDC under DPIIT.
- Partnership model: 51:49 Centre-State.
- Up to ₹1 crore per acre support for infrastructure.
- Digital monitoring through the BHAVYA Portal.
Quick Facts
| Parameter | Details |
|---|---|
| Scheme | Bharat Audyogik Vikas Yojana (BHAVYA) |
| Launch Year | 2026 |
| Outlay | ₹33,660 crore |
| Industrial Parks | 100 |
| Implementing Agency | NICDC |
| Ministry | Ministry of Commerce & Industry |
International Affairs
SIPRI Yearbook 2026: India Among Top Five Military Spenders
Why in News
The Stockholm International Peace Research Institute (SIPRI) released its Yearbook 2026 highlighting global military expenditure and nuclear arsenals.
India emerged as the fifth-largest military spender globally, spending USD 92.1 billion in 2025. The report also estimated India's nuclear stockpile at 190 warheads as of January 2026.
The findings are significant for defence studies, strategic affairs, and international security discussions.
Key Highlights
- India spent USD 92.1 billion on defence in 2025.
- Defence expenditure increased by 8.9% year-on-year.
- India's nuclear arsenal rose from 180 to 190 warheads.
- Global military expenditure reached USD 2.9 trillion.
- USA remained largest military spender with USD 954 billion.
- China ranked second and Russia third.
Quick Facts
| Parameter | Details |
|---|---|
| Report | SIPRI Yearbook 2026 |
| India's Rank | 5th |
| Defence Spending | USD 92.1 Billion |
| Nuclear Warheads | 190 |
| Global Spending | USD 2.9 Trillion |
Analysis
The report reflects increasing geopolitical competition and defence modernisation worldwide. For India, rising defence expenditure aligns with military modernisation, indigenous manufacturing initiatives, and regional security challenges. The data is important for UPSC GS-II, GS-III, Defence Awareness, and International Relations topics.
Russia Offers Sukhoi Su-57 and Joint Production to India
Key Highlights
- Russian President Vladimir Putin offered Su-57 stealth fighter jets to India.
- Proposal includes technology transfer and joint manufacturing.
- Supports India's Make in India initiative.
- Su-57 is a 5th-generation stealth multirole fighter aircraft.
- Earlier FGFA project was initiated in 2007.
- India withdrew from FGFA in 2021 due to unresolved concerns.
Economy & Banking
RBI Launches Twin USD-INR Forex Swap Facilities
Why in News
The Reserve Bank of India (RBI) introduced two special USD-INR forex swap facilities aimed at attracting foreign currency inflows and strengthening India's external financing position.
The facility covers fresh FCNR(B) deposits and eligible External Commercial Borrowings (ECBs). It is expected to improve foreign exchange liquidity and support financial stability.
Key Highlights
- Special facility for fresh FCNR(B) deposits.
- Available through Authorised Dealer Category-I Banks.
- Covers ECBs with maturity above 3 years.
- Supports foreign currency inflows.
- Strengthens external financing.
- Enhances forex liquidity management.
Quick Facts
| Parameter | Details |
|---|---|
| Regulator | RBI |
| Facility | USD-INR Forex Swap |
| Beneficiaries | FCNR(B), ECB borrowers |
| Purpose | Attract foreign currency inflows |
Knowledge Booster
- FCNR(B) accounts are foreign currency deposits maintained by NRIs.
- ECB refers to commercial loans raised from foreign lenders.
- RBI uses forex swaps to manage liquidity and reserves.
- India's foreign exchange reserves are among the largest globally.
Sahamati Foundation Recognised as SRO for Account Aggregator Ecosystem
Key Highlights
- RBI recognised Sahamati Foundation as SRO.
- It will oversee the Account Aggregator ecosystem.
- AA framework enables secure consent-based financial data sharing.
- Ecosystem includes 1,120 regulated entities.
- More than 294 million linked accounts exist.
- Strengthens governance and compliance standards.
Fitch Cuts India's FY27 GDP Forecast to 6.4%
Key Highlights
- Fitch Ratings lowered India's FY27 GDP growth estimate to 6.4%.
- Earlier projection was 6.7%.
- FY28 growth forecast remains 6.7%.
- Inflation expected at 5.3% by end-2026.
- Global growth forecast reduced to 2.4%.
- Report released in June 2026 Global Economic Outlook.
Appointments & Resignations
Han Seong-sook Nominated as South Korea's Next Prime Minister
- South Korean President Lee Jae Myung nominated Han Seong-sook as Prime Minister.
- She earlier served as CEO of Naver Corporation.
- She would become South Korea's second woman Prime Minister upon approval.
Swaminathan Janakiraman Reappointed RBI Deputy Governor
- Government reappointed Swaminathan Janakiraman as RBI Deputy Governor for two years.
- Reappointment effective from 26 June 2026.
- He was initially appointed in June 2023.
Sports
India Dominates World Yogasana Championship 2026
- India secured 114 medals, including 102 gold medals.
- Championship held at Ahmedabad, Gujarat.
- India fielded a 122-member contingent.
- Japan finished second while Argentina finished third.
Monaco Grand Prix 2026
- Andrea Kimi Antonelli won the Monaco Grand Prix.
- Became the youngest winner in Monaco GP history.
- Recorded fifth consecutive Formula One victory.
Asian Individual Chess Championship 2026
- India's Savitha Shri Baskar won gold in the women's category.
- Championship held in Ulaanbaatar, Mongolia.
- Qualified for the 2027 FIDE Women's World Cup.
Important Days
World Brain Tumor Day - 8 June
- Observed annually on 8 June.
- Established by the German Brain Tumour Association in 2000.
- Symbol: Grey Ribbon.
World Accreditation Day - 9 June
- Observed annually on 9 June.
- Theme 2026: "Innovation, Trust and Sustainability: The Power of Accreditation".
- First observed in 2008.
Today's Current Affairs One-Liners - 10 June 2026
National Affairs
● India-Nepal Relations - Nepal Foreign Minister Shisir Khanal visited India from 5-7 June 2026 and held bilateral talks with External Affairs Minister Dr. S. Jaishankar, resulting in the launch of the UPI-NPI cross-border payment linkage, a BHASHINI language technology cooperation agreement, and the handover of 84 India-funded post-earthquake reconstruction projects.
● Digital Public Infrastructure - The Digital India BHASHINI Division (DIBD) and Kathmandu University's Centre for Digital Public Infrastructure and AI (DPI-AI) signed an MoU to jointly develop multilingual language technologies, enhancing digital cooperation between India and Nepal.
● Industrial Development - Union Minister Piyush Goyal launched the BHAVYA Portal to operationalise the ₹33,660 crore Bharat Audyogik Vikas Yojana (BHAVYA), which aims to establish 100 world-class industrial parks through a Centre-State partnership model.
● Manufacturing & MSMEs - Under the BHAVYA Scheme, the Government of India will provide up to ₹1 crore per acre for infrastructure development and support manufacturing, innovation, MSMEs, startups, and industrial competitiveness.
● Road Safety - Rapido partnered with the Ministry of Road Transport and Highways (MoRTH) to promote the RahVeer Scheme, encouraging citizens to assist road accident victims during the crucial Golden Hour.
● Road Safety Initiative - More than 4 lakh Rapido captains across 400+ cities took the RahVeer Pledge simultaneously, earning a Guinness World Record and strengthening awareness regarding emergency assistance for accident victims.
● Weather & Disaster Management - Union Minister Jitendra Singh and UP Chief Minister Yogi Adityanath inaugurated the Regional Meteorological Centre (RMC) at Lucknow, aimed at improving weather forecasting and disaster preparedness across Uttar Pradesh and Uttarakhand.
● Mission Mausam - The newly inaugurated Lucknow RMC operates under Mission Mausam, which seeks to expand India's Doppler Weather Radar network from 50 to nearly 100 radars using AI and Machine Learning-based forecasting systems.
International Affairs
● Global Military Spending - According to SIPRI Yearbook 2026, India became the world's fifth-largest military spender in 2025 with defence expenditure reaching USD 92.1 billion, reflecting an annual increase of 8.9%.
● Nuclear Security - The SIPRI Report 2026 estimated that India's nuclear arsenal increased from 180 warheads in 2025 to 190 warheads in January 2026, indicating continued strategic modernisation.
● Global Defence Spending - SIPRI reported that worldwide military expenditure reached a record USD 2.9 trillion in 2025, marking the 11th consecutive year of increase and accounting for 2.5% of global GDP.
● Russia-India Defence Cooperation - Russian President Vladimir Putin offered India the advanced Sukhoi Su-57 fifth-generation stealth fighter aircraft along with full technology transfer and joint production opportunities.
● Make in India Defence - Russia's proposal for the Su-57 stealth fighter supports India's defence indigenisation strategy and aligns with the Make in India initiative for domestic military manufacturing.
Banking & Finance
● Forex Management - The Reserve Bank of India (RBI) introduced two special USD-INR forex swap facilities to attract foreign currency inflows and strengthen India's external financing framework.
● FCNR(B) Deposits - RBI's new forex swap facility allows Authorised Dealer Category-I banks to access swap support for fresh Foreign Currency Non-Resident Bank [FCNR(B)] deposits raised in freely convertible currencies.
● External Borrowings - The RBI's forex swap facility also covers eligible External Commercial Borrowings (ECBs) and overseas foreign currency borrowings with a minimum maturity period of three years.
● FinTech Governance - The Reserve Bank of India recognised Sahamati Foundation as the official Self-Regulatory Organisation (SRO) for India's rapidly growing Account Aggregator ecosystem.
● Account Aggregator Ecosystem - India's Account Aggregator framework currently includes 1,120 regulated entities, 17 operational Account Aggregators, and more than 294 million linked accounts.
Economy & Business
● GDP Forecast - Fitch Ratings reduced India's FY27 GDP growth forecast by 30 basis points from 6.7% to 6.4%, citing evolving domestic and global economic conditions.
● Inflation Outlook - Fitch projected that India's inflation could rise to 5.3% by the end of Calendar Year 2026, despite CPI inflation standing at 3.5% in April 2026.
● Global Growth Forecast - Fitch Ratings revised its global economic growth projection downward by 20 basis points to 2.4% for 2026, highlighting slowing global economic momentum.
● International Business Expansion - Adani Ports and Special Economic Zone Limited (APSEZ) secured a USD 70 million marine services contract for Argentina's first Liquefied Natural Gas (LNG) export project.
● India-Argentina Energy Cooperation - Under the agreement, Argentina plans to export up to 10 million tonnes of LNG annually to India from 2027, strengthening bilateral energy cooperation.
Appointments & Resignations
● International Appointment - South Korean President Lee Jae Myung nominated Han Seong-sook, former CEO of Naver Corporation, as the country's next Prime Minister.
● Women Leadership - Upon parliamentary approval, Han Seong-sook will become only the second woman Prime Minister in South Korean history, after Han Myeong-sook.
● RBI Appointment - The Government of India reappointed Swaminathan Janakiraman as Deputy Governor of RBI for another two-year term, effective from 26 June 2026.
● Central Banking Administration - Swaminathan Janakiraman currently oversees key RBI departments including the Department of Supervision and regulatory functions.
Sports
● World Yogasana Championship 2026 - India topped the medal tally at the inaugural World Yogasana Championship 2026 in Ahmedabad with 114 medals, including 102 gold medals.
● International Yoga Sport - The championship was organised by World Yogasana, Yogasana Bharat, and the Indian Olympic Association (IOA), showcasing competitive Yogasana globally.
● Formula One Racing - Andrea Kimi Antonelli of Mercedes F1 Team won the Monaco Grand Prix 2026, becoming the youngest winner in the event's history.
● Formula One Record - Antonelli secured his fifth consecutive Formula One victory of the 2026 season, extending his lead in the Drivers' Championship standings.
● Chess Championship - Indian International Master Savitha Shri Baskar won the women's title at the Asian Individual Chess Championship 2026 held in Ulaanbaatar, Mongolia.
● FIDE Qualification - By winning the Asian Championship, Savitha Shri Baskar earned direct qualification for the 2027 FIDE Women's World Cup.
Important Days
● World Brain Tumor Day 2026 - Observed annually on 8 June, the day aims to raise awareness about brain tumours, promote early diagnosis, and support research initiatives worldwide.
● Brain Tumour Awareness - World Brain Tumor Day was first observed on 8 June 2000 by the German Brain Tumour Association (Deutsche Hirntumorhilfe), and its awareness symbol is the Grey Ribbon.
● World Accreditation Day 2026 - Celebrated on 9 June, the observance highlights the importance of accreditation in ensuring quality, competence, and conformity assessment standards.
● Theme of WAD 2026 - The theme for World Accreditation Day 2026 is "Innovation, Trust and Sustainability: The Power of Accreditation."
Most Important Exam Facts to Remember Today
- India = 5th largest military spender (USD 92.1 billion) - SIPRI 2026
- India's nuclear warheads = 190
- BHAVYA Scheme Outlay = ₹33,660 crore
- 100 Industrial Parks under BHAVYA
- RBI recognised Sahamati Foundation as SRO
- India won 114 medals (102 Gold) at World Yogasana Championship
- Swaminathan Janakiraman reappointed RBI Deputy Governor
- Andrea Kimi Antonelli became youngest Monaco GP winner
- World Brain Tumor Day = 8 June
- World Accreditation Day Theme 2026 = "Innovation, Trust and Sustainability: The Power of Accreditation"
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