President Droupadi Murmu Approves Merger of REC Ltd with PFC

Current Context: On June 10, 2026, the Ministry of Power conveyed President Droupadi Murmu’s approval for the merger of REC Ltd into Power Finance Corporation (PFC). This follows PFC’s March 2025 acquisition of GoI’s 52.…

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GoI, Assam, Nagaland Sign Tripartite MoU to Boost Oil and Gas Production

Current Context: On June 11, 2026, the Government of India, Assam, and Nagaland signed a tripartite MoU in New Delhi for joint oil and gas exploration. The pact covers six disputed oil fields and over 1,000 sq km of bord…

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IN -SPACe Selected 03 Space Startups for Funding under TAF Scheme

Current Context: The Indian National Space Promotion and Authorisation Centre (IN-SPACe) has chosen three Indian startups as the first batch under its Technology Adoption Fund (TAF) scheme.  Each can receive up to ₹25 cr…

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World Day Against Child Labour 2026 – June 12

Current Context: On June 12, 2026, the International Labour Organization (ILO) observed the World Day Against Child Labour globally. Theme: “Red card to child labour: Fair play for children, decent work for adults.” Purpo…

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Sangeet Natak Akademi Elects 7 Eminent Artists as Fellows

Current Context: On June 10, 2026, the Sangeet Natak Akademi (National Academy of Music, Dance and Drama) announced its highest honours. T he General Council (March 22–26, 2026) unanimously elected 7 eminent personalities…

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GoI approves 96 Companies under Textile PLI Scheme

Current Context: On June 10, 2026, the Ministry of Textiles, Government of India approved 22 additional applicants under the Production Linked Incentive (PLI) Scheme for Textiles. This brings the total number of selected…

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GoI Extends CGSMFI-2.0 Validity till August 2026

Current Context: On June 10–11, 2026, the Government of India (via the Ministry of Finance) extended the Credit Guarantee Scheme for Microfinance Institutions‑2.0 (CGSMFI‑2.0). Validity : Extended till August 31, 2026, o…

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RBI Releases Amendment Directions easing Bank Lending Norms for REITs and InvITs

Current Context: On June 10, 2026, the Reserve Bank of India (RBI) issued the Third Amendment Directions, 2026 under Commercial Banks – Credit Facilities. It introduced a harmonised lending framework for Real Estate Inve…

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