RBI Holds Repo Rate at 5.25%
🗞️ Why in News The RBI Monetary Policy Committee held the repo rate at 5.25% with a neutral stance on June 5, 2026, amid the West Asia oil shock.
Key Data
- CPI inflation forecast FY27 raised to 5.1%; GDP growth cut to 6.6%
- Inflation target: 4% (+/- 2%); Governor: Sanjay Malhotra
- Key risks: oil shock, below-normal monsoon, El Nino
UPSC Angle
Monetary policy is a blunt tool against a supply (oil) shock; MPC under RBI Act 1934 (amended 2016). Full deep-dive in today’s edition.
📌 Facts Corner, Knowledgepedia
RBI MPC:
- Repo 5.25%; neutral stance; 6-member MPC
- Flexible Inflation Targeting since 2016
India’s GDP Grew 7.7% in FY26
🗞️ Why in News MoSPI provisional estimates released June 5, 2026 show India’s GDP grew 7.7% in FY2025-26, with Q4 at 7.8%.
Key Data
- FY26: 7.7% (up from 7.1%); Q4: 7.8%
- Nominal GDP: Rs 346.36 lakh crore; new base year 2022-23
- Services grew 9.3%, industry 8.8%
UPSC Angle
India retains the fastest-growing major economy tag; released by NSO under MoSPI. Full deep-dive in today’s edition.
📌 Facts Corner, Knowledgepedia
GDP FY26:
- 7.7% real growth; Q4 7.8%
- NSO / MoSPI; base year 2022-23
India’s 100th Ramsar Site, Surha Tal
🗞️ Why in News On World Environment Day (June 5, 2026), Surha Tal (Jai Prakash Narayan Bird Sanctuary) in Ballia, UP became India’s 100th Ramsar site.
Key Data
- India now first in Asia, third globally (UK 176, Mexico 144)
- Ramsar Convention: 1971, Ramsar, Iran; India joined 1982
- Surha Tal: 34.32 sq km oxbow wetland; UP’s 13th Ramsar site
UPSC Angle
Wetlands are carbon sinks and flood buffers; protected under Wetlands Rules 2017. Full deep-dive in today’s edition.
📌 Facts Corner, Knowledgepedia
Ramsar:
- India’s 100th site: Surha Tal, Ballia
- Convention 1971; India joined 1982
India Protests Pakistan’s Gilgit-Baltistan Polls
🗞️ Why in News The Ministry of External Affairs protested on June 5, 2026 against Pakistan’s planned Gilgit-Baltistan elections (slated June 7).
Key Data
- India’s stand: Gilgit-Baltistan, part of PoJK, is an integral and inalienable part of India
- J&K acceded in 1947; Pakistan must vacate occupied territory
- CPEC passes through Gilgit-Baltistan; India objects on sovereignty grounds
UPSC Angle
Core India-Pakistan and territorial-sovereignty theme. Full deep-dive in today’s edition.
📌 Facts Corner, Knowledgepedia
Gilgit-Baltistan:
- Part of PoJK; integral part of India (GoI stand)
- CPEC corridor runs through it
India Targets $30 Billion Seafood Exports by 2031
🗞️ Why in News Commerce Minister Piyush Goyal set a target on June 5, 2026 to raise seafood exports from about $8.5 billion to $30 billion by 2031.
Key Data
- Strategy: shift to value-added products; leverage new FTAs
- Nodal body: MPEDA; flagship scheme PM Matsya Sampada Yojana (PMMSY)
- Risk: over-dependence on shrimp and the US market
UPSC Angle
Part of India’s blue-economy push. Full deep-dive in today’s edition.
📌 Facts Corner, Knowledgepedia
Seafood Exports:
- Target $30 bn by 2031 (from ~$8.5 bn)
- MPEDA; PMMSY; shrimp-dominant
New Vice Chief of the Air Staff
🗞️ Why in News Air Marshal Ashutosh Dixit, currently Chief of Integrated Defence Staff, was named the next Vice Chief of the Air Staff on June 5, 2026 (takes charge July 1).
Key Data
- Moves from the tri-service IDS to IAF leadership amid theaterisation
- CDS post created 2019; heads the Department of Military Affairs
UPSC Angle
Reflects India’s defence-reform push toward theatre commands. Full deep-dive in today’s edition.
📌 Facts Corner, Knowledgepedia
Defence Reform:
- VCAS; CISC; theatre commands
- CDS and DMA created 2019
Jan Samarth Portal Completes 4 Years
🗞️ Why in News The Jan Samarth Portal, India’s single-window platform for credit-linked government schemes, completed four years on June 6, 2026.
Key Data
- Launched June 2022; over 54 lakh applications worth ~Rs 3,00,951 crore facilitated
- Integrated with AgriStack, UDYAM and credit bureaus
📌 Facts Corner, Knowledgepedia
Jan Samarth:
- Single-window portal for credit-linked central schemes (2022)
- e-governance and financial inclusion
Chhattisgarh’s Piped Micro-Irrigation Model Recognised
🗞️ Why in News The Union Jal Shakti Ministry commended Chhattisgarh’s modernised command-area irrigation model around June 5, 2026.
Key Data
- Modernization of Command Area Development and Water Management (M-CADWM), a sub-scheme of PM Krishi Sinchayee Yojana (PMKSY)
- Underground pressurised piped micro-irrigation up to the farm gate
📌 Facts Corner, Knowledgepedia
M-CADWM:
- Sub-scheme of PMKSY
- Piped micro-irrigation to farm gate
Persons in News
A.C. Sreehari, Malayalam Poet, Passes Away
🗞️ Why in News A.C. Sreehari, Malayalam poet and academic, passed away on June 5, 2026.
- A noted voice in contemporary Malayalam poetry and a college academic
- Remembered for his contribution to modern Malayalam literary culture
📌 Facts Corner, Knowledgepedia
A.C. Sreehari:
- Malayalam poet and academic
- Passed away June 5, 2026
Today in History, June 6
🗞️ Observance June 6 is marked as UN Russian Language Day, established by the UN in 2010 to celebrate the Russian language; the date marks the birthday of poet Alexander Pushkin.
- One of six UN Language Days (one per official UN language: Arabic, Chinese, English, French, Russian, Spanish)
📌 Facts Corner, Knowledgepedia
UN Language Days:
- One for each of the 6 official UN languages
- Russian Language Day: June 6 (Pushkin’s birthday)
Combined Facts Corner, Knowledgepedia (June 6, 2026)
📌 Facts Corner, All Items
Economy:
- RBI: repo held 5.25%, neutral stance; CPI FY27 forecast 5.1%, GDP FY27 6.6%; Governor Sanjay Malhotra; inflation target 4% (+/- 2%); MPC under RBI Act 1934 (amended 2016)
- GDP FY26: 7.7% (Q4 7.8%); nominal Rs 346.36 lakh crore; NSO/MoSPI; base year 2022-23
- Seafood exports: target $30 bn by 2031 (from ~$8.5 bn); MPEDA; PMMSY; shrimp-dominant
- Jan Samarth Portal: 4 years; single-window for credit-linked central schemes
- M-CADWM: piped micro-irrigation under PMKSY
Environment:
- India’s 100th Ramsar site: Surha Tal (JP Narayan Bird Sanctuary), Ballia, UP; India 1st in Asia, 3rd globally; Ramsar Convention 1971, India joined 1982; Wetlands Rules 2017
International Relations:
- MEA protested Pakistan’s Gilgit-Baltistan polls (June 5; polls June 7); GB part of PoJK and integral to India; J&K acceded 1947; CPEC runs through GB
Security and Defence:
- Air Marshal Ashutosh Dixit named Vice Chief of the Air Staff (takes charge July 1); from CISC/IDS; theaterisation; CDS and DMA created 2019
Persons / Observance:
- A.C. Sreehari (Malayalam poet) passed away June 5
- June 6: UN Russian Language Day (Pushkin’s birthday)
Source: Current Affairs Today, June 6, 2026 — Ujiyari.com | Free UPSC & State PCS Current Affairs
