8 June 2026 — Daily Current Affairs Quiz
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Environment
World Ocean Day — 8 June (UNGA Res. A/RES/63/111)
2026 Theme: “Our Ocean, Our Future: Act Now for Ocean Health”. Officially recognised via UNGA Resolution A/RES/63/111 (December 2008); first observed 8 June 2009. Originally proposed at 1992 Earth Summit, Rio de Janeiro by Canada. Organised by DOALOS (Division for Ocean Affairs and the Law of the Sea). Oceans: 71% of Earth’s surface, 50% of world’s oxygen, 80% of all life. Linked to SDG 14 (Life Below Water).
Environment
Surha Taal — India’s 100th Ramsar Site (2,595th Globally)
Surha Taal (Jai Prakash Narayan Bird Sanctuary), Ballia, Uttar Pradesh — India’s 100th Ramsar Site and 13th in UP. Global total: 2,595 Ramsar sites. Designated by MoEF&CC; announced on World Environment Day (5 June 2026). India: country with most Ramsar sites in Asia. First Indian Ramsar sites (1981): Chilika Lake (Odisha) and Keoladeo NP (Rajasthan). Ramsar Convention: adopted 1971, HQ: Gland, Switzerland.
Economy
India’s FY26 Real GDP: 7.7% (New 2022-23 Base Year)
NSO (MoSPI) Provisional Estimates: India’s real GDP grew at 7.7% in FY26 — up 10 bps from the February estimate of 7.6%; 60 bps higher than FY25 (7.1%). New base year: 2022-23 (replaced 2011-12, introduced February 2026). Q4 FY26: 7.8% (beat RBI’s 7% forecast). Real GDP: Rs 323.12 lakh crore; Nominal GDP: Rs 346.36 lakh crore (8.9% growth). Fiscal deficit: 4.4% of GDP. Note: 7.4% was First Advance Estimate (Jan 2026).
Governance
IndiaAI Mission Leadership Change — Saurabh Vijay Succeeds Abhishek Singh
Saurabh Vijay (CEO, UIDAI; 1998-batch IAS, Maharashtra cadre) takes additional charge as CEO, IndiaAI Mission (MeitY). Succeeds Abhishek Singh, now Director General, NTA. Sudeep Shrivastava (Joint Secretary, MeitY) assumes COO, IndiaAI Mission. IndiaAI Mission operationalises India’s National AI Mission (NAIM) — building India’s comprehensive AI ecosystem. Previously, Vijay served as Principal Secretary (Expenditure), Finance Dept., Maharashtra.
Sports
R Praggnanandhaa — First Indian to Win Norway Chess (18 Points)
R Praggnanandhaa (20) wins Norway Chess 2026 — first Indian ever (ahead of Anand and Gukesh). Final tally: 18 points; defeated Vincent Keymer (Germany) in last round. Also defeated Magnus Carlsen twice in classical chess. Wesley So (USA): 17 pts (runner-up). Tournament: 14th edition, Oslo, 25 May – 5 June 2026. Women’s winner: GM Bibisara Assaubayeva (Kazakhstan). Norway Chess founded: 2013; Carlsen had won 7 titles.
Business & Economy
GoI’s 6 Working Groups — 100 Products to Cut Import Dependence
Six sector-specific working groups chaired by Amardeep Singh Bhatia, DPIIT Secretary. Tasked to identify max. 100 products to boost domestic manufacturing. Six sectors: pharma/biotech/medical devices; chemicals/petrochemicals; textiles/footwear; capital goods/auto/EVs; energy/construction/infrastructure; defence & aerospace (civilian) + electronics. Members from DPIIT, NITI Aayog, MoC&I and economic ministries. Deadline: 3 weeks. Goal: reduce India’s import dependence.
Monetary Policy
RBI MPC (June 3–5, 2026) — Repo Rate Held at 5.25%; Neutral Stance
61st MPC meeting (2nd Bi-Monthly FY27) under Governor Sanjay Malhotra. Repo rate: 5.25% (unchanged, unanimous); SDF: 5.00%; MSF/Bank Rate: 5.50%. Stance: Neutral. FY27 real GDP forecast: 6.6%; CPI inflation forecast: 5.1%. Reasons for hold: geopolitical uncertainty, supply-chain disruptions, food inflation risks. MPC members: Dr. Nagesh Kumar, Saugata Bhattacharya, Ram Singh, Dr. Poonam Gupta, Indranil Bhattacharyya.
Business & Economy
India Slips to 7th in Global Market Cap — USD 5.01 Trillion
India’s market cap: USD 5.01 trillion (7th globally, June 2026). Overtaken by South Korea (USD 5.15 tn) at 6th; earlier pushed by Taiwan from 5th. Causes: FII selling of USD 26.4 billion in 2026, weak earnings, limited AI-stock exposure. India’s MSCI weight: dropped from 21% (Sep 2024) to 12.3%. Top 4: USA (USD 79.1 tn), China (USD 16.3 tn), Japan (USD 8.9 tn), Hong Kong SAR (USD 7.6 tn).
International
Air India–Riyadh Air MoU; Tata Group Privatisation (2022)
Air India privatised by Tata Group in 2022. Post-privatisation: 25 codeshare agreements and 120 interline partnerships. Riyadh Air — Saudi Arabia’s new premium national carrier — signed MoU in June 2026. Focus: premium travel, seamless bookings, hub connectivity (Delhi, Mumbai ↔ Riyadh). Plans include codeshare, interline arrangements, loyalty programmes, and cargo services. Subject to regulatory approval.
Governance
HP–UNDP MoU & Safai Mitra Scheme — CM Sukhu
Himachal Pradesh signed MoU with UNDP for climate-resilient development and Himalayan ecosystem protection. Signed by Sushil Kumar Singla (Administrative Secretary, Environment, HP) and Angela Lusigi (UNDP Resident Representative, India). CM Thakur Sukhvinder Singh Sukhu launched Safai Mitra Scheme — empowering informal waste management workers. Focus: circular economy, biodiversity conservation, green livelihoods. UNDP: HQ New York, USA; established 1965.
🎴 Revision Flashcards
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Tap to Reveal
Which UNGA resolution officially recognised World Ocean Day, and when was it first observed?
Resolution A/RES/63/111 (December 2008) — first observed 8 June 2009
Organised by DOALOS; proposed at 1992 Earth Summit, Rio de Janeiro, by Canada
Tap to Reveal
What is India’s 100th Ramsar Site, and which were India’s first two Ramsar Sites (1981)?
Surha Taal, Ballia, UP — First two: Chilika Lake (Odisha) & Keoladeo NP (Rajasthan)
13th in UP; global total: 2,595 sites; India has most Ramsar sites in Asia
Tap to Reveal
What base year did MoSPI introduce in February 2026, and what was India’s FY26 real GDP growth?
2022-23 base year (replaced 2011-12) — FY26 real GDP growth: 7.7%
Q4 FY26: 7.8%; Real GDP: Rs 323.12 lakh crore; fiscal deficit: 4.4% of GDP
Tap to Reveal
What is the RBI’s repo rate after the June 2026 MPC meeting, and what is the FY27 GDP forecast?
Repo rate: 5.25% (unchanged) — FY27 GDP forecast: 6.6%
SDF: 5.00%; MSF/Bank Rate: 5.50%; CPI inflation FY27: 5.1%; Stance: Neutral; Governor: Sanjay Malhotra
Tap to Reveal
Who became the first Indian to win Norway Chess and with how many points?
R Praggnanandhaa — 18 points; defeated Vincent Keymer (Germany) in final round
Also defeated Carlsen twice; Oslo, May 25 – June 5, 2026; Women’s winner: Bibisara Assaubayeva (Kazakhstan)
Tap to Reveal
Who chairs India’s 6 sector-specific working groups and how many products are they tasked to identify?
Amardeep Singh Bhatia (DPIIT Secretary) — maximum 100 products
6 sectors: pharma, chemicals, textiles, capital goods/EVs, energy/infra, defence+electronics; 3-week deadline
Tap to Reveal
Which country overtook India in global market cap rankings in June 2026, and what was India’s market cap?
South Korea (USD 5.15 tn) overtook India (USD 5.01 tn) — India slipped to 7th
India’s MSCI weight fell from 21% (Sep 2024) to 12.3%; FII outflows: USD 26.4 billion in 2026
Tap to Reveal
What scheme did CM Sukhu launch alongside HP’s MoU with UNDP, and who does it target?
Safai Mitra Scheme — empowering informal waste management workers in Himachal Pradesh
MoU focus: Himalayan ecosystem, circular economy, green livelihoods; UNDP est. 1965, HQ: New York
Think & Discuss
India’s Slipping Market Cap and FII Exodus: Is India’s Growth Story Losing Its Shine — or Just Recalibrating?
Context from today’s quiz: India slipped to 7th in global market cap rankings in June 2026, overtaken by South Korea — just weeks after Taiwan pushed it from 5th to 6th. At the same time, NSO data shows India’s real GDP growing at a robust 7.7% in FY26, the new 2022-23 base year showing improved economic fundamentals. This paradox — strong real-economy growth but shrinking investor confidence — raises important questions about the nature of India’s capital market attractiveness and structural vulnerabilities.
🤔 Your Perspective Matters
India’s economy is growing at 7.7% — one of the fastest among major economies — yet foreign investors are pulling out USD 26.4 billion and India’s stock market weight in global indices has nearly halved. The RBI held rates at 5.25% with a neutral stance, signalling caution rather than stimulus.
Does India’s equity market decline reflect genuine structural weaknesses — limited AI-sector exposure, overvaluation, weak corporate earnings — or is it a temporary rebalancing driven by global geopolitical and monetary factors beyond India’s control?
Does India’s equity market decline reflect genuine structural weaknesses — limited AI-sector exposure, overvaluation, weak corporate earnings — or is it a temporary rebalancing driven by global geopolitical and monetary factors beyond India’s control?
- The GoI’s 6 working groups are tasked to identify 100 products to reduce import dependence. If successful, how might this ‘Make in India 2.0’ strategy eventually translate into stronger corporate earnings and reverse the FII exodus — and what is the realistic timeline?
- India’s 100th Ramsar designation and Himalayan ecosystem MoUs signal growing investment in natural capital and sustainability. Yet ESG (Environmental, Social, Governance) factors have rarely driven FII decisions in India. Should India more aggressively market its environmental commitments as part of its investment narrative?
- R Praggnanandhaa’s Norway Chess win — and Vaibhav Sooryavanshi’s selection at 15 — signal India’s talent pipeline is producing world-class performers at a younger age. Does India’s human capital story (talent, demography, digital infrastructure) make its long-term equity market case more resilient than short-term FII flows suggest?
We’d love to hear your thoughts! Share your perspective in the comments.
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