Daily current affairs 18 June 2026

WORLD DAY TO COMBAT DESERTIFICATION AND DROUGHT: RESTORING LAND FOR A SUSTAINABLE FUTURE

The World Day to Combat Desertification and Drought (17 June) highlights the urgent need for sustainable land management. India, facing 97.85 million hectares of land degradation, actively targets restoring 26 million hectares by 2030 through watershed development, the Green India Mission, and the Aravalli Green Wall.

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UNICEF CHILDREN'S CLIMATE RISK REPORT 2026: CLIMATE CHANGE AND THE GROWING RISKS FOR CHILDREN

The UNICEF Children's Climate Risk Report 2026 reveals that 1.1 billion children globally face overlapping climate hazards. In India, 392 million children are exposed to extreme heat. The report urges governments to phase out fossil fuels and build child-centric, climate-resilient social infrastructure.

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INDIA–RUSSIA LOGISTICS AGREEMENT: EXPANDING DEFENCE COOPERATION AND STRATEGIC REACH

The India-Russia Reciprocal Exchange of Logistics Agreement (RELOS) allows temporary reciprocal access to military facilities for up to 3,000 troops and 5 warships. It boosts India's operational reach, secures Arctic port access, and reinforces strategic autonomy.

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PRADHAN MANTRI VIKSIT BHARAT ROZGAR YOJANA: EMPLOYMENT GENERATION THROUGH INCENTIVE-BASED FORMAL JOB CREATION

The Pradhan Mantri Viksit Bharat Rozgar Yojana (PM-VBRY) is a ₹99,446 crore central scheme incentivizing the creation of 3.5 crore formal jobs. By providing direct EPF wage bonuses to first-time employees and monthly subsidies to employers, it combats youth unemployment and accelerates economic formalization.

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RBI'S GROWING FISCAL ROLE: OPPORTUNITIES, RISKS AND IMPLICATIONS FOR CENTRAL BANK INDEPENDENCE

The RBI approved a record ₹2.87 lakh crore surplus transfer to the Union Government for FY26. Driven by foreign exchange gains and US Treasury yields, this massive non-tax revenue provides vital fiscal space but raises critical concerns over central bank independence, fiscal federalism, and the risks of fiscal dominance.

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GENDER QUOTA IN THE JUDICIARY: BREAKING THE GLASS CEILING FOR WOMEN'S REPRESENTATION IN COURTS

Despite rising numbers in lower courts, women remain severely underrepresented in India's higher judiciary due to opaque Collegium processes and structural biases, Breaking this persistent glass ceiling demands transparent appointments, systemic reforms, and mandatory gender quotas to achieve constitutional equality.

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RBI REMOVES INTEREST RATE CEILING ON NRE DEPOSITS: IMPLICATIONS FOR FOREIGN CAPITAL INFLOWS

The RBI temporarily removed interest rate ceilings on FCNR(B) and NRE deposits, introducing a concessional swap facility to absorb banking hedge costs. This strategic move aims to attract $50-70 billion in leveraged NRI capital, fortifying forex reserves and shielding the Indian Rupee from severe global economic volatility.

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SCHEDULE K OF THE DRUGS RULES, 1945: EXEMPTIONS IN DRUG REGULATION AND PUBLIC HEALTH SIGNIFICANCE

The Union Health Ministry amended Schedule K of the Drugs Rules, 1945, withdrawing retail licensing exemptions for cough syrups in small villages. This crucial regulatory shift curbs the unchecked sale of contaminated medicines, balancing rural healthcare accessibility with stringent public health safety and accountability.

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UNPAID DOMESTIC LABOUR AND HOMEMAKER COMPENSATION: SUPREME COURT'S 2026 RECOGNITION OF CARE WORK

The landmark 2026 Supreme Court Shishupal judgment recognized homemakers as "Nation Builders," establishing a "Loss of Domestic Care" compensation head with a ₹30,000 monthly baseline. It dismantles patriarchal norms, rectifies GDP blind spots, and legally monetizes women's unpaid caregiving labor.

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URBAN WATER SECURITY IN INDIA: WHY CITIES MUST RETHINK THEIR WATER FUTURE

India's urban water crisis stems from infrastructural decay, high non-revenue water (NRW) losses, and groundwater over-extraction, exacerbated by climate change. Shifting from supply-side reliance to demand-side management, circular water economies, and smart water governance is crucial for resilience.

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