22 June 2026 — Daily Current Affairs Quiz
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Business & Economy
BSE Saatvik 100 — India’s First Saatvik Index
Launched by BSE Index Services Private Limited (wholly-owned subsidiary of BSE) in June 2026 to promote ethical-based investing. Derived from the BSE 500 Index. Base value: 1,000; first value date: June 20, 2005; reconstituted every 6 months (June & December). Can be used for ETFs, Index Funds, and as a benchmark for PMS and Mutual Fund schemes.
Digital Governance
IRDAI WG-AI — Ethical AI Governance for Insurance
IRDAI constituted a 7-member Working Group on AI (WG-AI) in June 2026 under Prof. Sandeep K. Shukla, Director, IIIT Hyderabad. Member-convener: Deepak Gaikwad, GM & CISO, IRDAI. Mandate: assess AI adoption in insurance, review global AI regulatory practices, recommend an ethical AI governance framework. Report due within 3 months.
Banking
Federal Bank FCNR Max Deposit Scheme — NRI USD Deposits
Federal Bank launched the FCNR Max Deposit Scheme (June 2026): 6.25% p.a. on USD deposits, tenures 3–5 years, available till September 30, 2026. Exclusively for NRIs; minimum deposit: USD 500. 1-year lock-in period; early closure after lock-in attracts 1% penalty. Follows RBI FCNR(B) swap facility and CRR/SLR exemptions.
Science
Jainendra K. Jain — 2025 Wolf Prize in Physics (Indian Origin)
Awarded on 18 June 2026; first person of Indian origin to win the Wolf Prize in Physics (since 1978). Honoured for discovering Composite Fermions and revolutionising understanding of the Fractional Quantum Hall Effect (FQHE). Shared with James P. Eisenstein and Mordehai Heiblum. Born in Rajasthan; Evan Pugh University Professor at Penn State, USA; Founding Director, Lodha Theoretical Physics Institute (LTPI), Mumbai.
Business & Economy
CPCL Upgraded to Navratna CPSE — India’s 28th
Chennai Petroleum Corporation Limited (CPCL) upgraded from Miniratna Category-I to Navratna CPSE status by DPE, MoF (approved by FM Nirmala Sitharaman). FY26 turnover: Rs 59,400 crore. Became India’s 28th Navratna. Navratna benefit: can invest up to Rs 1,000 crore or 15% of net worth per project without prior government approval.
Banking
Rajendra Kumar Saboo — Additional Charge as MD & CEO, UCO Bank
Rajendra Kumar Saboo, ED of UCO Bank, given additional charge as MD & CEO from June 19, 2026 till August 31, 2026 (or until regular incumbent appointed). Approved by DFS, MoF. Succeeds Ashwani Kumar (tenure ended May 31, 2026). Career: PO at Oriental Bank of Commerce (1994); CGM at PNB; ED of UCO Bank since November 21, 2022.
Sports
2026 Doha Diamond League — Men’s Javelin Throw Results
Held at Suhaim bin Hamad Stadium, Doha on 19 June 2026. Rumesh Tharanga Pathirage (Sri Lanka) won with 88.68 m. 2nd: Anderson Peters (Grenada) — 86.38 m; 3rd: Curtis Thompson (USA) — 85.99 m; 4th: Neeraj Chopra (India) — 85.69 m. This was the 7th of 14 qualifying meetings in the 2026 Diamond League season (Wanda Diamond League / World Athletics framework).
International
International Day for Elimination of Sexual Violence in Conflict — 19 June
Observed annually on 19 June. 2026 theme: ‘Conflict-Related Sexual Violence Against Children: Safeguarding Futures and Empowering Caregivers’. Established by UNGA Resolution A/RES/69/293 (19 June 2015); first observed 19 June 2016. UNSC Resolution 1820 (19 June 2008) recognised rape as a tactic of war. Also on June 19: World Sickle Cell Day 2026 theme — ‘Closing the Survival Gap: Equity in Sickle Cell Disease’.
Education
Maharashtra–Google LoI — AI Training for 4 Lakh Teachers
Maharashtra School Education Department signed a Letter of Intent (LoI) with Google for Education to train more than 4 lakh teachers in AI and digital technology over 18 months. Signed at Mantralaya, Mumbai; witnessed by Dadaji Bhuse, School Education Minister. Aligned with NEP 2020; Google provides the programme free of cost. Training available in Marathi, Hindi, and English via the Google AI Educator Series.
Culture
National Reading Day — 19 June; P.N. Panicker’s Legacy
National Reading Day observed on 19 June to honour P.N. Panicker — the Father of Kerala’s Library and Literacy Movement. First ‘Vayanadinam’ observed in Kerala on 19 June 1996 (his first death anniversary). PM Modi declared it National Reading Day in 2017. Reading Week 2026: June 19–25; Reading Month 2026: June 19 – July 18. Nodal bodies: PN Panicker Foundation and PM Panicker Vigyan Vikas Kendra (NITI Aayog designated).
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Which index is the BSE Saatvik 100 derived from, and how often is it reconstituted?
Derived from BSE 500 Index — reconstituted every 6 months (June & December)
India’s 1st Saatvik Index; base value 1,000; first value date June 20, 2005
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Who chairs IRDAI’s WG-AI, and what is its submission deadline?
Prof. Sandeep K. Shukla (Director, IIIT Hyderabad) — within 3 months
Member-convener: Deepak Gaikwad, GM & CISO, IRDAI; 7-member group
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Jainendra K. Jain won the 2025 Wolf Prize in Physics for which discovery?
Composite Fermions — revolutionised understanding of the Fractional Quantum Hall Effect (FQHE)
First person of Indian origin to win since 1978; Founding Director, LTPI Mumbai
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CPCL became India’s how-many-th Navratna CPSE, and what was its FY26 turnover?
28th Navratna — Rs 59,400 crore turnover in FY26
Upgraded from Miniratna Category-I; can now invest up to Rs 1,000 crore or 15% net worth per project
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Who won the men’s javelin throw at the 2026 Doha Diamond League and with what distance?
Rumesh Tharanga Pathirage (Sri Lanka) — 88.68 m
Neeraj Chopra (India) finished 4th with 85.69 m; 7th of 14 Diamond League meetings in 2026
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What is the 2026 theme of the International Day for the Elimination of Sexual Violence in Conflict (June 19)?
‘Conflict-Related Sexual Violence Against Children: Safeguarding Futures and Empowering Caregivers’
Established by UNGA Resolution A/RES/69/293 (2015); UNSC Res. 1820 recognised rape as tactic of war
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How many teachers will Maharashtra train in AI via the Google LoI, and over what period?
More than 4 lakh teachers — over 18 months
Free programme; available in Marathi, Hindi & English; aligned with NEP 2020
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Who is P.N. Panicker and when was the first ‘Vayanadinam’ observed?
Father of Kerala’s Library and Literacy Movement — first Vayanadinam: 19 June 1996
PM Modi declared 19 June National Reading Day in 2017; Reading Month: June 19 – July 18
Think & Discuss
AI in India’s Public Institutions: From IRDAI’s WG-AI to Maharashtra’s Classrooms — Is India Regulating and Deploying AI Fast Enough?
Context from today’s quiz: Two AI-related developments emerged on the same day: IRDAI constituted a Working Group on AI (WG-AI) to recommend an ethical AI governance framework for the insurance sector (3-month deadline), while Maharashtra signed a LoI with Google to train 4 lakh+ teachers in AI over 18 months. Together, they reflect India’s dual-track approach — building regulatory guardrails while simultaneously deploying AI at scale in public services. Yet critics note that India still lacks a comprehensive national AI law, unlike the EU’s AI Act or China’s AI regulations.
🤔 Your Perspective Matters
India’s AI governance is currently sector-specific — IRDAI for insurance, SEBI for markets, MeitY for general digital governance — without an overarching AI Act. Meanwhile, deployment is racing ahead: 4 lakh teachers trained, insurance products AI-enabled, and the BSE Saatvik 100 algorithmically managed.
Should India enact a unified national AI law before further AI deployment in sensitive sectors like insurance, education, and financial markets — or is the current sector-by-sector approach more agile and better suited to India’s diverse regulatory landscape?
Should India enact a unified national AI law before further AI deployment in sensitive sectors like insurance, education, and financial markets — or is the current sector-by-sector approach more agile and better suited to India’s diverse regulatory landscape?
- IRDAI’s WG-AI must submit recommendations in just 3 months — a tight deadline for a sector that handles crores of policies and sensitive health data. Does the speed of this mandate signal urgency or inadequate deliberation, and what lessons can be drawn from GDPR’s multi-year consultation process?
- Maharashtra’s Google LoI trains teachers in AI but relies on a private corporation to deliver a public good. Should state governments building AI literacy depend on tech giants — or invest in building sovereign, publicly-funded AI education infrastructure? What are the risks of the former?
- Jainendra K. Jain’s Wolf Prize win for Composite Fermions highlights the gap between India’s world-class diaspora scientists and domestic R&D investment. His work at Penn State, not an Indian institution, shaped global physics. What policy changes — in research funding, faculty compensation, or repatriation incentives — could retain or attract such talent to institutions like the LTPI he founded in Mumbai?
We’d love to hear your thoughts! Share your perspective in the comments.
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