Current Affairs Quiz 28 June 2026

During the visit India extended a $175 million special economic package ($125 million line of credit plus a $50 million grant) and handed over a Made-in-India Fast Patrol Vessel built by Goa Shipyard Limited for exclusive-economic-zone surveillance. The engagement is anchored in India’s Vision MAHASAGAR, the successor to the SAGAR (Security and Growth for All in the Region) doctrine.
Small-island-state partnerships help India counter growing external maritime presence in the Indian Ocean.

Bharat Taxi was launched by the Union Home and Cooperation Minister and developed by Sahkar Taxi Cooperative Ltd, backed by eight cooperative institutions including NCDC, GCMMF (Amul), NDDB, NAFED, IFFCO, KRIBHCO, NABARD and NCEL. It operates under the Ministry of Cooperation, created in 2021 with the slogan “Sahkar se Samriddhi”. The model addresses concerns about algorithmic control and low take-home pay for gig workers on conventional platforms.

The first jet approach using GAGAN was conducted on an IndiGo Airbus A320 at Udaipur airport. GAGAN enables LPV (Localiser Performance with Vertical Guidance) precision approaches at airports that lack a ground-based Instrument Landing System (ILS), improving safety and enabling regional connectivity under UDAN. India is the first country in the Asia-Pacific with its own SBAS; comparable systems are WAAS (United States), MSAS (Japan) and EGNOS (Europe).

The mission follows earlier Indian HADR operations such as Operation Dost (Turkey-Syria, 2023), Operation Karuna (Myanmar, 2023) and Operation Brahma (Myanmar, 2025). BHISHM (Bharat Health Initiative for Sahyog Hita and Maitri) cubes are modular, rapidly deployable field hospitals developed indigenously.
Such missions reflect the philosophy of Vasudhaiva Kutumbakam and reinforce India’s image as a net relief provider beyond its immediate neighbourhood.

The National Biodiversity Authority (NBA) is a statutory body established in 2003, headquartered in Chennai. The Biological Diversity Act, 2002 has a three-tier structure: the NBA at the national level, State Biodiversity Boards, and Biodiversity Management Committees (BMCs) at the local level.
The new Standard Operating Procedure gives States a uniform, scientific process for identifying threatened species, drawing on the Botanical Survey of India, the Zoological Survey of India, and traditional knowledge held by communities.

Credit derivatives in India are regulated by the Reserve Bank of India, not SEBI. The framework permits resident non-retail users to use CDS and TRS freely, while retail residents (non-individuals) and non-residents may use them only for hedging. Exchanges may offer standardised single-name CDS and CDS-on-index, and Foreign Portfolio Investors are newly allowed into credit-index futures with anti-speculation safeguards.
The cautious design reflects lessons from the 2008 global financial crisis, where unregulated CDS amplified contagion.

India’s development cooperation, often under the broad framework of South-South cooperation, relies heavily on concessional Lines of Credit extended through the Export-Import (EXIM) Bank of India, alongside grants and capacity-building. This contrasts with traditional donor aid and with debt-heavy lending by some other large economies.
The Seychelles package covered health, renewables, education, housing, e-mobility and maritime security, reflecting a broad-based partnership.

GAGAN was jointly developed by ISRO and the Airports Authority of India primarily for civil aviation, enabling LPV approaches. NavIC, formerly IRNSS, consists of a constellation of satellites providing position services over India and a surrounding region.
Both are achievements of India’s space programme, but they serve different functions: augmentation (GAGAN) versus independent navigation (NavIC). India is the first country in the Asia-Pacific to field its own SBAS.

Shooting is among India’s most successful Olympic disciplines, with medals including Abhinav Bindra’s 2008 Beijing gold. The ISSF sets the rules and organises World Championships and World Cups.
Other sport governing bodies sometimes confused with it include World Archery (archery) and World Athletics (track and field). Strong junior results are watched closely as indicators of medal prospects at the next Olympic cycle, in this case Los Angeles 2028.

Geographical Indications in India are governed by the Geographical Indications of Goods (Registration and Protection) Act, 1999, administered by the GI Registry under the Controller General of Patents, Designs and Trade Marks. GIs differ from patents (which protect inventions), trademarks (which identify a brand) and copyrights (which protect creative works).
Promoting GI products supports the One District One Product initiative and North-East agricultural exports.

The SCO is a Eurasian political, economic and security organisation founded in 2001, evolving from the Shanghai Five. Its secretariat is in Beijing and its security wing, the Regional Anti-Terrorist Structure (RATS), is in Tashkent.
India has used SCO forums to highlight cross-border terrorism and to push for connectivity that respects sovereignty, consistent with its position that projects must not pass through territory that is integral to India, such as Pakistan-occupied Kashmir.

Livelihood Business Incubators (LBIs) under ASPIRE provide skill training, mentorship and facilities for rural and agro-based enterprises in sectors such as food processing, honey, bamboo and coir. The scheme complements other MSME-ministry programmes such as PMEGP and CGTMSE. Promoting rural entrepreneurship supports employment generation and reduces distress migration, aligning with inclusive-growth objectives.

Other rights-based statutes include the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA), 2005, the Right to Information Act, 2005, and the Right to Education Act, 2009. The shift in framing from “rights-holders” to “beneficiaries” matters because rights are enforceable through the courts under Articles 32 and 226, whereas discretionary benefits depend on executive will.
The debate connects the Directive Principles (Part IV) with justiciable Fundamental Rights (Part III).

India and Bangladesh already operate the Ganga Waters Treaty of 1996, which governs sharing of Ganga waters at Farakka. The Land Boundary Agreement of 2015, implemented through the 100th Constitutional Amendment, resolved enclave and boundary issues.
The Teesta question remains outstanding. The two countries cooperate through frameworks such as BBIN and BIMSTEC, and connectivity links including rail and port access, making a durable thaw valuable but dependent on resolving structural irritants.

The interim deal is being negotiated against a tariff deadline around July 24, 2026. Trade negotiations involve tariff lines, non-tariff barriers such as sanitary and phytosanitary measures, and rules of origin, set against the World Trade Organization’s most-favoured-nation principle.
India tends to open manufacturing and some services while shielding sensitive agriculture and dairy, a pattern visible across its recent free-trade agreements with the UAE, Australia, EFTA and the UK.