Daily current affairs 2 June 2026

END OF CHEAP GLOBAL MONEY: IMPACT ON INDIA

The era of cheap global money is ending, triggering foreign capital outflows and Rupee depreciation. However, India's robust macroeconomic fundamentals, domestic market reliance, and recent inclusion in the JPMorgan global bond index provide vital resilience against global liquidity shocks.

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OPERATION MULE HUNT: CRACKDOWN ON CYBER FRAUD NETWORKS

Gujarat Police's 'Operation Mule Hunt' dismantled massive cyber fraud networks by seizing illicit mule bank accounts. To combat escalating digital crimes, RBI and IDPIC have integrated AI-driven tools like MuleHunter.AI and risk-scoring systems to monitor transactions and track launderers.

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OPERATION SHERUWALI EXPLAINED

Operation Sheruwali is a joint anti-terror mission by the Indian Army, CRPF, and J&K Police in Rajouri's dense forests. It utilizes advanced surveillance to eliminate foreign terrorists, highlighting India's multi-agency coordination in challenging terrain.

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AMOLOPS KAMAL: NEW FROG SPECIES DISCOVERED IN NAGALAND

Scientists from the Zoological Survey of India discovered a new cascade-dwelling frog, Amolops kamal, in Nagaland’s Kiphire district.

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WHAT IS BLUE MICROMOON? EXPLAINED

The Blue Micromoon is a rare celestial event where a second full moon in a calendar month aligns with apogee, the farthest point in its orbit. It appears smaller and dimmer, with the next occurrence not expected until 2053.

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INDIA-OMAN CEPA: KEY PROVISIONS, TRADE BENEFITS & STRATEGIC SIGNIFICANCE

The India-Oman CEPA, operationalized on June 1, 2026, eliminates tariffs on 99.38% of Indian exports. It strengthens India’s energy security, boosts services and MSMEs, and provides a strategic, conflict-free trade gateway bypassing the volatile Strait of Hormuz.

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INDEX OF INDUSTRIAL PRODUCTION (IIP) TRENDS

The government revised the Index of Industrial Production (IIP) base year to 2022-23, adding sectors like water and waste management. Driven by manufacturing and capital goods, industrial output recorded a 4.9% growth in April 2026 under this new series.

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INTERNATIONAL DAY OF YOGA 2026: BACKGROUND, THEME, SIGNIFICANCE

The 12th International Day of Yoga in 2026 focuses on "Yoga for Healthy Ageing," promoting longevity and preventive healthcare. Key initiatives include Yoga 365, Yoga for Air Travel, and nationwide Yoga Mahotsav countdown events, culminating in Kolkata.

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