Daily current affairs 6 June 2026

NILGIRI TAHR POPULATION RISES: SUCCESS OF PROJECT NILGIRI TAHR

The endangered Nilgiri Tahr, Tamil Nadu's state animal, has seen a population increase to 2,655 across the Western Ghats. Despite this success, habitat fragmentation and climate change severely threaten these mountain ungulates, prompting Tamil Nadu's dedicated 'Project Nilgiri Tahr'

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INDIA–UK CRITICAL MINERALS GLOBAL SUPPLY CHAIN OBSERVATORY: SIGNIFICANCE, OBJECTIVES, AND STRATEGIC IMPLICATIONS

India and the UK launched the Critical Minerals Global Supply Chain Observatory to trace essential resources like lithium and cobalt. Alongside India's National Critical Mineral Mission, this initiative aims to counter supply chain vulnerabilities and Chinese dominance in rare earths.

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FOREIGN INSTITUTIONAL INVESTORS (FIIS): GOVERNMENT SCRAPS CAPITAL GAINS AND WITHHOLDING TAX ON GOVERNMENT BONDS

To stabilize the rupee and bridge the balance of payments deficit, India has eliminated capital gains and withholding taxes on FII investments in government bonds via the Income Tax Amendment Ordinance 2026, boosting foreign debt inflows and lowering imported inflation.

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RBI MONETARY POLICY JUNE 2026: KEY DECISIONS, IMPLICATIONS FOR INDIAN ECONOMY

The June 2026 RBI MPC meeting maintained the repo rate at 5.25% while revising FY27 GDP growth down to 6.6% and inflation up to 5.1%. The RBI also introduced key capital inflow measures and is evaluating polymer currency notes.

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PRICE STABILIZATION FUND FOR SCHEDULED INDIAN AIRLINES: OBJECTIVES, FEATURES, BENEFITS AND CHALLENGES

The Union Cabinet approved a ₹10,000 crore Price Stabilisation Fund providing interest-free advances to OMCs. This mechanism offers fixed-price ATF to domestic airlines, shielding them from massive price volatility caused by the West Asia crisis and structural tax challenges.

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