CURRENT AFFAIRS 02-03 June, 2026

CURRENT AFFAIRS 02-03 June, 2026

1. BANKS SANCTION ₹35,194 CRORE UNDER ECLGS 5.0 –

• The Emergency Credit Line Guarantee Scheme (ECLGS) 5.0 is a government credit guarantee scheme approved by the Union Cabinet on 5 May 2026 for industries affected by the West Asia crisis, including Micro, Small and Medium Enterprises (MSMEs) and airlines. Banks had sanctioned ₹35,194 crore in loans under the scheme by 29 May 2026.

Scheme Framework

• ECLGS 5.0 has a budgetary outlay of ₹18,100 crore and is designed to facilitate additional credit flow of ₹2.55 lakh crore. The scheme includes a specific allocation of ₹5,000 crore for airlines.

Eligibility and Coverage

• Borrowers eligible for ECLGS 5.0 must have credit facilities classified as Standard, excluding Special Mention Account-2, as of 31 March 2026. The scheme remains open for loan sanctions until 31 March 2027 or until guarantees for the full ₹2.55 lakh crore are issued, whichever occurs earlier.

2. SUMAN KALYANPUR DIES AT 89 –

• Suman Kalyanpur, a veteran playback singer associated with Hindi and Marathi film music, died on 31 May 2026 at the age of 89. She died at her residence in Lokhandwala, Mumbai, due to age-related ailments. Her last rites were scheduled for 1 June 2026 at the Pawan Hans crematorium in Mumbai.

Suman Kalyanpur and Indian Playback Singing

• Suman Kalyanpur sang in Hindi, Marathi, Bengali, Kannada, and Assamese film industries. Playback singing in Indian cinema refers to pre-recorded songs sung by professional singers for actors on screen. Her career spanned more than six decades and included songs such as Aajkal Tere Mere Pyar Ke Charche and Na Na Karte Pyar Tumhin Se.

3. INDIA CONDUCTS SUCCESSFUL FLIGHT-TEST OF INDIGENOUS RUDRAM-II AIR-TO-SURFACE MISSILE-

• The Defence Research and Development Organization (DRDO) and the Indian Air Fore (IAF) has successfully conducted the flight tests of the RudraM-II Air to Surface Missile on 2nd of June 2026. This missile was tested under the challenging operational conditions and it successfully struck its designated target with the remarkable precision.

What is the RudraM-II Missile?

• RudraM-II is an indigenously developed air to surface missile designed to launched from the fighter aircraft against ground-based targets. It is the part of the India’s effort to develop advanced precision guided weapons which are capable of to neutralizing enemy assets from the long distances.
• The missile ha been developed by the Research Centre Imarat (RCI), Hyderabad and it serves as the nodal laboratory under DRDO. Several other DRDO laboratories and industry have partners and contributed to this project.

4. PRESIDENT APPROVES APPOINTMENT OF FIVE NEW SUPREME COURT JUDGES –

• The Central Government of India has approved the appointment of the five new judges to the Supreme Court after newly expanded sanctioned strength of 38 judges. The appointments comes shortly after the Supreme Court Collegium has recommended the new names and it marks the first major elevation exercise under the Chief Justice of India (CJI) Surya Kant.

Centre Approves Five New Supreme Court Judges

• Union Law Minister Arjun Ram Meghwal has announced that the Honorable President has approved the appointments under the Article 124(2) of the Constitution of India, which governs the appointment of judges to the Supreme Court.
• This appointments includes the four sitting High Court Chief Justices and one distinguished senior advocate.
• Approval came within the few days of the Supreme Court Collegium’s recommendation which highlights the smooth coordination between the judiciary and the executive in this round of the appointments.

5. INDIA SIGNS BRAHMOS MISSILE DEAL WITH VIETNAM, INDONESIA AGREEMENT NEARS COMPLETION –

• India’s Defense Secretary Rajesh Kumar Singh indicated that BrahMos missile deal with Vietnam has already been signed and negotiations with Indonesia has entered the final stage. This showcases the India’s growing role as the defense manufacturing and export hub and also highlights the increasing interest among Southeast Asian nations to acquiring advanced Indian military technology.

India Expands BrahMos Missile Exports

• The BrahMos missile system has emerged as India’s one of the most successful defense exports in recent years.
• Speaking at the Shangri-La Dialogue in the Singapore, Defense Secretary Rajesh Kumar Singh stated that Vietnam has already signed the deal to procure the BrahMos missile system but the official public announcement is yet to be made.
• He also confirmed that the negotiations with Indonesia are enetred in the final stages and could be concluded soon.

MCQ QUIZ

Q1.  A new species of lizard named Mesalina bishnoi has recently been discovered in which state ?

1. a) Rajasthan
2. b) Gujarat
3. c) Odisha
4. d) Haryana

Q2.  Kshipra River, that was recently seen in news, is a tributary of which river ?

1. a) Narmada
2. b) Yamuna
3. c) Godavari
4. d) Chambal

Q3.  Recently, the BrahMos missile was in the news after India signed a missile export deal with Vietnam. BrahMos is best described as:

1. a) A subsonic ballistic missile
2. b) A hypersonic glide vehicle
3. c) A long-range supersonic cruise missile
4. d) An anti-tank guided missile

Q4.  Consider the following statements regarding the strategic and security dimensions of India–Myanmar relations:

1. Myanmar shares a land boundary with four Indian states: Arunachal Pradesh, Nagaland, Manipur, and Mizoram.
2. The India-Myanmar border runs entirely along the porous, low-security regions and is regulated under the Free Movement Regime (FMR) without any fencing.
3. During the 2026 Summit, Myanmar reiterated assurances that its sovereign territory would not be used for activities hostile to India’s security interests.

         Which of the statements given above is/are correct ?

1. a) 1 and 2 only
2. b) 1 and 3 only
3. c) 2 and 3 only
4. d) 1, 2, and 3

Explanation-

• Statement 1 is correct: Myanmar is the only Southeast Asian nation that shares a land border with India. This 1,643-km border is shared with four northeastern states: Arunachal Pradesh, Nagaland, Manipur, and Mizoram.
• Statement 2 is incorrect: While the border has historically been porous, both nations have increasingly moved to secure it, which includes fencing and strict border management protocols to curb insurgent and criminal networks.
• Statement 3 is correct: A central highlight of the recent high-level talks in New Delhi was Myanmar’s explicit assurance to India that its soil would not be utilized for launching hostile or inimical activities against India’s internal security.

Q5.  With reference to the Indian Armed Forces, consider the following statements regarding the office of the Chief of Defence Staff (CDS):

1. The post of CDS was officially created through an executive mandate in 2019, with General Bipin Rawat serving as the country’s first CDS.
2. The CDS functions as the administrative head and Secretary of the Department of Military Affairs (DMA) under the Ministry of Defence.
3. The creation of the CDS office has altered the constitutional position of the President of India, who now exercises supreme command through the CDS.

         Which of the statements given above are correct ?

1. a) 1 and 2 only b) 1 and 3 only
2. c) 2 and 3 only d) 1, 2, and 3

Explanation-

• Statement 1 is correct: The Government of India formally approved the creation of the Chief of Defence Staff (CDS) post in December 2019. General Bipin Rawat took office as India’s historic first CDS on January 1, 2020.
• Statement 2 is correct: The CDS acts as the administrative head and Secretary of the newly formed Department of Military Affairs (DMA) within the Ministry of Defence, looking after multi-service procurement, commands, and staffing.
• Statement 3 is incorrect: The creation of the CDS office does not diminish or change the constitutional status of the political leadership. The President of India strictly remains the Supreme Commander of the Armed Forces as enshrined in the Constitution. The CDS only provides single-point, integrated professional military advice to the civil government.

Answer Key