Introduction

Current Affairs 5 June 2026 brings several important developments in governance, economy, international relations, innovation, and public policy. Today's updates include the ₹9,585 crore Delhi-NCR Vehicle Replacement Scheme, ₹10,000 crore ATF Price Stabilisation Fund, UNSC non-permanent member elections, OECD's revised India growth forecast, and the launch of Navachar Mantra. These Latest Current Affairs 2026 updates are highly relevant for UPSC, SSC, Banking, Railways, Defence, and State PSC examinations.

Detailed Current Affairs - 5 June 2026

National Affairs

Cabinet Approves ₹9,585 Crore Delhi-NCR Vehicle Replacement Scheme

Why in News

The Union Cabinet, chaired by Prime Minister Narendra Modi, approved a ₹9,585 crore scheme aimed at replacing approximately 2.07 lakh BS-IV and older trucks and buses operating in the Delhi-NCR region. The initiative seeks to improve air quality by encouraging the transition to BS-VI compliant vehicles and electric vehicles (EVs).

The scheme addresses one of the major contributors to pollution in Delhi-NCR, namely aging commercial vehicles. The move aligns with India's broader commitment toward sustainable transportation and environmental protection.

The programme will be implemented through coordinated efforts of the Ministry of Road Transport and Highways (MoRTH), Ministry of Petroleum and Natural Gas (MoPNG), participating states, and the National Capital Region Planning Board (NCRPB).

Key Highlights

• ₹9,585 crore allocation has been approved for implementation over two years.
• 2.07 lakh BS-IV and older vehicles will be targeted for replacement.
• 5% interest subvention will be provided for five years.
• Beneficiaries can receive monthly fuel vouchers up to ₹4,800.
• States will provide registration fee waivers and vehicle tax concessions.
• Manufacturers will offer an 8% ex-showroom discount.
• The scheme promotes both BS-VI vehicles and electric mobility.
• An empowered committee headed by Cabinet Secretary T.V. Somanathan will oversee implementation.

Knowledge Booster

• BS-VI norms were introduced in India in April 2020.
• Delhi-NCR frequently records hazardous AQI levels during winter.
• Vehicular emissions are a major source of urban pollution.
• NCR includes areas from Delhi, Haryana, Rajasthan, and Uttar Pradesh.

Analysis

The scheme represents a major policy intervention combining environmental objectives with economic incentives. It may significantly reduce particulate emissions while stimulating the automotive sector and accelerating India's transition toward cleaner transportation technologies.

Union Cabinet Approves ₹10,000 Crore ATF Price Stabilisation Fund

Why in News

The Union Cabinet approved a ₹10,000 crore Aviation Turbine Fuel (ATF) Price Stabilisation Fund to help Indian airlines cope with rising global fuel prices triggered by geopolitical tensions in West Asia.

The fund will support Oil Marketing Companies (OMCs) through interest-free advances and create a predictable pricing environment for airlines.

Key Highlights

• Total support corpus: ₹10,000 crore.
• Designed for domestic and international airline operations.
• OMCs receive interest-free advances.
• Operates through Import Parity Price benchmarking.
• Includes recovery and true-up mechanisms.
• Valid for up to 36 months.
• Monitoring committee includes MoCA, MoPNG, and Ministry of Finance.

Analysis

Fuel costs account for a substantial portion of airline operating expenses. The stabilization mechanism may reduce pricing volatility and support the aviation sector during periods of global energy uncertainty.

Navachar Mantra Launched for Grassroots Innovators

Why in News

Jayant Chaudhary, Minister of State (Independent Charge), launched Navachar Mantra at IIT Delhi to identify and support grassroots innovators and early-stage entrepreneurs.

Key Highlights

• Implemented by NIESBUD.
• Technical partner: FITT, IIT Delhi.
• One-year mentorship programme.
• Applications open until 5 July 2026.
• Focus on innovation commercialization.
• Provides investor interaction opportunities.

Knowledge Booster

• NIESBUD functions under the MSDE.
• Skill India Digital Hub (SIDH) hosts registrations.
• Innovation-led entrepreneurship is a key pillar of India's startup ecosystem.

Centre Expands QR Tagging of FCI Foodgrain Bags

Key Highlights

• Expanded to Andhra Pradesh, Telangana, and Odisha.
• Covers 20 lakh tonnes of rice.
• Enables end-to-end tracking.
• Prevents bag recycling and leakages.
• Integrated with ePoS devices.
• Supports subsidy transparency.

T-Hub Launches Third ORBIT Space-Tech Cohort

Key Highlights

• 13 startups selected.
• Supported by Atal Innovation Mission.
• Focus on propulsion, satellites, and geospatial technologies.
• Previous cohorts raised nearly ₹30 crore.
• Generated 18 intellectual properties.

Infographic Brief

📊 Infographic Brief - ORBIT Space-Tech Accelerator

Type: Flowchart
Title: ORBIT Cohort 3 Startup Ecosystem

Key Elements

• Startup Selection
• Mentorship
• Investor Connect
• Product Development
• Commercialisation

Colour Scheme: Blue & White

International Affairs

UNGA Elects Five New Non-Permanent Members to UNSC

Why in News

The United Nations General Assembly (UNGA) elected Austria, Kyrgyzstan, Portugal, Trinidad & Tobago, and Zimbabwe as non-permanent members of the UN Security Council for the term 2027-2028.

Key Highlights

• Kyrgyzstan secured its first-ever UNSC term.
• New members replace Denmark, Greece, Pakistan, Panama, and Somalia.
• Elections were held at UN Headquarters in New York.
• UNSC comprises 15 members.

Knowledge Booster

• UNSC has 5 permanent and 10 non-permanent members.
• Permanent members possess veto power.
• India has served eight terms on the UNSC.

Banking & Finance

ADB and Standard Chartered Strengthen Supply Chain Finance

Key Highlights

• Partnership signed in Mumbai.
• Covers USD and INR transactions.
• Includes Risk Participation Arrangement.
• Supports GIFT City-based financing.
• Expands trade finance access.

Economy & Business

OECD Raises India's FY27 GDP Forecast to 6.3%

Key Highlights

• Forecast increased from 6.1% to 6.3%.
• FY26 growth projected at 7.6%.
• FY28 growth projected at 6.4%.
• Inflation expected at 4.8% in FY27.
• Global growth projected at 2.8% in 2026.

Analysis

The revised forecast reflects confidence in India's economic resilience despite global uncertainty and energy market disruptions.

Awards & Recognitions

Lionel Messi Wins Princess of Asturias Award for Sports 2026

• Became the first footballer to receive the award.
• Recognised for sporting excellence and philanthropy.
• Award ceremony scheduled for 23 October 2026 in Spain.

Appointments & Resignations

D.K. Shivakumar Sworn in as Karnataka's 25th Chief Minister

• Sworn in at Raj Bhavan, Bengaluru.
• Succeeds Siddaramaiah.
• Senior Indian National Congress leader.

Mette Frederiksen Begins Third Consecutive Term as Denmark PM

• Leader of the Social Democrats.
• Serving third consecutive term.
• Denmark's second woman Prime Minister.

Visa Appoints Shah Rukh Khan as Brand Ambassador

• Campaign: Infinitely More.
• Focus on experience-led consumer lifestyles.
• Promotes digital payment adoption.

Acquisitions & Mergers

GQG Partners Sells Stake in GMR Airports

• Stake sold: 1.85%
• Deal value: ₹1,906 crore
• Buyer: Fidelity International

Books & Authors

Book Released: “When Audit Matters”

• Released by Vice-President C.P. Radhakrishnan.
• Edited by former CAG Vinod Rai.
• Published by Rupa Publications.

Important Days

International Day of Innocent Children Victims of Aggression - 4 June

• Observed annually on 4 June.
• Established by UNGA Resolution A/RES/ES-7/8.
• First observed in 1983.
• Linked with SDG Target 16.2.

State News

Telangana and Thuringia Sign Cooperation Agreement

• Collaboration in skills, innovation, and workforce development.
• Signed in Hyderabad.
• Includes German language training initiatives.
• Supports global employment opportunities.

Today's Current Affairs One-Liners - 5 June 2026

National Affairs

● Cleaner Mobility Scheme - The Union Cabinet, chaired by Prime Minister Narendra Modi, approved a ₹9,585 crore Delhi-NCR Vehicle Replacement Scheme to replace 2.07 lakh BS-IV and older trucks and buses with BS-VI-compliant or electric vehicles, aiming to reduce vehicular pollution and improve air quality across the National Capital Region.

● Benefits under Vehicle Replacement Scheme - Under the new Delhi-NCR vehicle modernisation initiative, the Central Government will provide 5% interest subvention for five years, fuel vouchers up to ₹4,800 per month, while state governments will offer registration fee waivers and motor vehicle tax concessions.

● ATF Price Stabilisation Fund - The Union Cabinet approved a ₹10,000 crore Aviation Turbine Fuel (ATF) Price Stabilisation Fund to support Indian airlines affected by rising global fuel prices due to geopolitical tensions in West Asia, ensuring greater pricing stability and operational predictability.

● ATF Fund Monitoring Mechanism - A dedicated monitoring committee comprising representatives from the Ministry of Civil Aviation, Ministry of Petroleum and Natural Gas, and Department of Expenditure will oversee implementation and auditing of the ATF stabilisation mechanism.

● Navachar Mantra Initiative - Jayant Chaudhary, Union Minister of State (Independent Charge) for Skill Development and Entrepreneurship, launched Navachar Mantra at IIT Delhi to identify, mentor, and scale grassroots innovations and early-stage entrepreneurial ventures.

● Navachar Mantra Implementation - The programme is being implemented by the National Institute for Entrepreneurship and Small Business Development (NIESBUD) in partnership with FITT-IIT Delhi, providing year-long mentorship and investor connectivity opportunities.

● FCI QR Tagging Expansion - The Government expanded the QR code tagging initiative for Food Corporation of India (FCI) foodgrain bags to Andhra Pradesh, Telangana, and Odisha, improving traceability, transparency, and efficiency in foodgrain distribution.

● Foodgrain Tracking Coverage - The expanded QR-tagging pilot will cover 20 lakh tonnes of rice, including 10 lakh tonnes from Andhra Pradesh and 5 lakh tonnes each from Telangana and Odisha, enabling end-to-end digital tracking.

● ORBIT Space-Tech Accelerator - T-Hub launched the third cohort of the ORBIT Space-Tech Accelerator Programme, supported by the Atal Innovation Mission (AIM), inducting 13 startups focused on advanced space technologies.

● Space-Tech Startup Ecosystem - With the launch of Cohort-3, ORBIT has supported 36 space-tech startups, while T-Hub’s broader space innovation ecosystem has engaged more than 100 startups across India.

International Affairs

● UNSC Elections 2026 - The United Nations General Assembly (UNGA) elected Austria, Kyrgyzstan, Portugal, Trinidad and Tobago, and Zimbabwe as non-permanent members of the United Nations Security Council (UNSC) for the 2027-2028 term.

● Historic Achievement for Kyrgyzstan - Kyrgyzstan secured its first-ever election to the UN Security Council since joining the United Nations in 1992, marking a significant diplomatic milestone.

● Outgoing UNSC Members - The newly elected countries will replace Denmark, Greece, Pakistan, Panama, and Somalia, whose two-year terms conclude on 31 December 2026.

Banking & Finance

● ADB-Standard Chartered Partnership - The Asian Development Bank (ADB) and Standard Chartered Bank signed agreements in Mumbai to strengthen supply chain financing in India through risk-sharing arrangements covering both USD and INR transactions.

● Trade Finance Expansion - The partnership includes a Risk Participation Arrangement (RPA) and a Partial Guarantee Facility (PGF) to improve access to trade finance and supply-chain funding for Indian businesses.

Economy & Business

● OECD Growth Forecast Upgrade - The Organisation for Economic Co-operation and Development (OECD) increased India’s FY27 GDP growth forecast from 6.1% to 6.3%, reflecting confidence in India’s economic resilience despite global uncertainties.

● India GDP Projections - According to the OECD Economic Outlook June 2026 report, India’s economy is expected to grow by 7.6% in FY26, 6.3% in FY27, and 6.4% in FY28.

● Inflation Outlook - OECD projected India’s inflation to rise to 4.8% in FY27, mainly due to higher food and energy prices and currency-related pressures.

Awards & Recognitions

● Lionel Messi Honoured - Argentine football legend Lionel Messi became the first individual footballer to receive the prestigious Princess of Asturias Award for Sports 2026, recognising both sporting excellence and humanitarian contributions.

● Messi’s Career Achievements - Messi was recognised for winning 8 Ballon d'Or awards, 4 UEFA Champions League titles, multiple Copa América trophies, and the FIFA World Cup, making him one of football’s most decorated athletes.

Appointments & Resignations

● New Karnataka Chief Minister - Senior Indian National Congress (INC) leader D.K. Shivakumar was sworn in as the 25th Chief Minister of Karnataka, succeeding Siddaramaiah.

● Oath Ceremony - Karnataka Governor Thawar Chand Gehlot administered the oath of office and secrecy to D.K. Shivakumar at Raj Bhavan, Bengaluru, under Article 164 of the Constitution.

● Denmark Prime Minister - Mette Frederiksen, leader of Denmark’s Social Democratic Party, secured a third consecutive term as Prime Minister of Denmark following successful coalition negotiations after the 2026 elections.

● Youngest Danish PM - Mette Frederiksen remains the youngest person and only the second woman to hold the office of Prime Minister in Denmark’s history.

● Visa Brand Ambassador - Global payments giant Visa Inc. appointed Bollywood superstar Shah Rukh Khan as the brand ambassador for its new ‘Infinitely More’ campaign in India.

● Experience-Led Lifestyle Campaign - Visa’s campaign highlights the shift among Indian consumers from ownership-focused aspirations to experience-based spending in travel, dining, entertainment, and wellness sectors.

Acquisitions & Mergers

● GMR Airports Stake Sale - American investment firm GQG Partners sold a 1.85% stake in GMR Airports Limited (GAL) to Fidelity International for approximately ₹1,906 crore through open market transactions.

● Transaction Details - The transaction involved the sale of 1.95 crore shares at a price of ₹97.75 per share, strengthening Fidelity’s investment position in the airport infrastructure sector.

Books & Authors

● Book Release Event - Vice-President C.P. Radhakrishnan released the book “When Audit Matters: CAG Interventions That Made a Difference”, edited by former Comptroller and Auditor General (CAG) Vinod Rai.

● Theme of the Book - The publication highlights how effective auditing strengthens governance, accountability, transparency, and public trust through real-world case studies and institutional experiences.

Important Days

● International Day of Innocent Children Victims of Aggression - Observed annually on 4 June, the day raises awareness about children affected by war, violence, exploitation, and armed conflicts worldwide.

● UNGA Resolution - The observance was established through UN General Assembly Resolution A/RES/ES-7/8 adopted on 19 August 1982, initially focusing on children affected by the Lebanon conflict.

● SDG Linkage - The day aligns with Sustainable Development Goal (SDG) Target 16.2, which seeks to end abuse, exploitation, trafficking, and violence against children globally.

State News

● Telangana-Thuringia Cooperation Pact - The Government of Telangana and the German state of Thuringia signed a cooperation agreement to strengthen collaboration in skill development, innovation, industrial growth, workforce development, and life sciences.

● German Language Training Hub - The agreement includes establishing a German Language Training Hub in Hyderabad through collaboration with Telangana Overseas Manpower Company (TOMCOM) to enhance overseas employment opportunities.

Most Important Exam Facts to Remember

1. ₹9,585 crore - Delhi-NCR Vehicle Replacement Scheme.
2. ₹10,000 crore - ATF Price Stabilisation Fund.
3. 5 Countries elected to UNSC - Austria, Kyrgyzstan, Portugal, Trinidad & Tobago, Zimbabwe.
4. OECD FY27 India GDP Forecast - 6.3%.
5. Lionel Messi - First footballer to win Princess of Asturias Sports Award.
6. D.K. Shivakumar - 25th Chief Minister of Karnataka.
7. Mette Frederiksen - Third consecutive term as Denmark PM.
8. Shah Rukh Khan - Brand Ambassador of Visa's "Infinitely More" campaign.
9. International Day of Innocent Children Victims of Aggression - 4 June.
10. Navachar Mantra - Launched by Jayant Chaudhary for grassroots innovators.