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Daily Current Affairs Update!

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Liquidity Adjustment Facility (LAF)
An LAF is a monetary policy tool used by the RBI in India through which it injects or absorbs liquidity into or from the banking system.
It was introduced as a part of the outcome of the Narasimham Committee on Banking Sector Reforms of 1998.
LAF has two components - repo (repurchase agreement) and reverse repo.
Repo Rate: Repo Rate is the rate of interest at which the RBI provides short-term loans to SCBs against approved securities.
Reverse Repo Rate: It is the rate of interest at which the RBI borrows funds from the SCBs.

Prelims | Economy (Source: The Hindu)

Carbon Credit Trading - Carbon Credit Trading is a market-based mechanism that helps reduce greenhouse gas emissions. A carbon credit represents the reduction, avoidance, or removal of 1 metric ton of CO₂ (or equivalent greenhouse gases) from the atmosphere.
Benefits
Reduces Emissions: Encourages industries to lower greenhouse gas emissions.
Cost-Effective: Provides flexibility for companies to meet environmental targets at lower costs.
Promotes Green Investment: Channels funds into renewable energy and sustainable development projects.
Supports Climate Goals: Helps countries and businesses achieve net-zero and international climate commitments.
Ensures Transparency: Verification and monitoring systems enhance credibility and trust.

Prelims | Environment (Source: PIB)
https://enlitecafe.com/current-affairs-date/?date=2026-06-06

Kaziranga National Park
Location: Assam
Protection Status: National Park, UNESCO World Heritage Site, Tiger Reserve, and Important Bird Area by the Birdlife International Society
Associated River: River Brahmaputra, Diphlu River
Big Four Species: Rhino, Elephant, Royal Bengal tiger, and Asiatic water buffalo
Vegetation: It is a mix of eastern wet alluvial grasslands, semi-evergreen forests, and tropical moist deciduous forests
Other Fauna: One-horned Rhino, Fishing Cat, Royal Bengal tiger, Barking deer, Hog deer, Western hoolock gibbon.

Prelims | Environment (Source: The Hindu)

Right to Privacy - The Right to Privacy is a fundamental right in India, protected as an intrinsic part of Article 21 (Right to Life and Personal Liberty) and the freedoms guaranteed under Part III of the Constitution. Declared fundamental rights as per Justice K.S. Puttaswamy (Retd.) vs Union of India (2017). Available to all persons in India (not just citizens) and protected under Articles 32 & 226.

Prelims | Polity (Source: The Hindu)

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World Oceans Day – June 8

World Oceans Day is observed every year on 8 June to celebrate the importance of oceans and promote their conservation for future generations.

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The day highlights the vital role oceans play in sustaining life on Earth and encourages global action to protect marine ecosystems.

The ocean covers more than 70% of Earth's surface and is essential for maintaining environmental balance.

Oceans are critical because they:

Produce over half of the world's oxygen
Regulate global climate and weather patterns
Absorb large amounts of carbon dioxide
Support rich biodiversity and marine ecosystems
Provide food and livelihoods for billions of people

Despite their importance, oceans face growing threats from:

Plastic pollution
Overfishing
Climate change
Ocean acidification
Habitat destruction

The theme for World Oceans Day 2026 is:

"Reimagine. Beyond The World We Know, A New Relationship With Our Ocean."

The theme encourages humanity to move beyond simply using ocean resources and become active protectors of marine ecosystems.

Activities on this day often include beach cleanups, marine conservation campaigns, awareness programs, educational events, and sustainable lifestyle initiatives.

World Oceans Day reminds us that protecting the oceans is essential for protecting life on Earth.

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Daily Current Affairs Update!

If you dream of becoming an IAS, IPS, or IFS officer, contact us at 07994058393 (WhatsApp or Call).

Galathea
Location: Great Nicobar Island, Andaman & Nicobar Islands
Protection Status
Galathea National Park
Part of Great Nicobar Biosphere Reserve (UNESCO), along with Campbell Bay National Park
Biodiversity
Fauna: Leatherback turtles (world's largest sea turtle), Nicobar megapode, saltwater crocodiles, Nicobar macaque, giant monitor lizards
Vegetation: Dense tropical evergreen forests, mangroves

Prelims | Geography (Source: The Hindu)

Insolvency and Bankruptcy Code (IBC) - It was enacted in 2016 based on the recommendation of ‘T.K Vishwanathan Committee Report.
Objectives
To consolidate and amend all insolvency laws that are existing in India.
To simplify and expedite the process of resolution of Insolvency and Bankruptcy in India.
To protect the interest of creditors, including stakeholders in a company.
To revive the company in a time-bound manner.
To promote entrepreneurship.
To get the necessary relief to the creditors and consequently increase the credit supply in the economy.
To work out a new and timely recovery procedure to be adopted by the banks, financial institutions or individuals.
To set up an Insolvency and Bankruptcy Board of India.
Maximization of the value of assets of corporate persons.

Prelims | Economy (Source: The Indian Express)

Zimbabwe
Location: Landlocked country in Southern Africa.
Capital: Harare
Border Countries: South Africa, Botswana, Zambia, Mozambique.
River: Zambezi (Victoria Falls)
Topography: Veld grasslands

Prelims | Geography (Source: PIB)
https://enlitecafe.com/current-affairs-date/?date=2026-06-05

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Daily Current Affairs Update!

If you dream of becoming an IAS, IPS, or IFS officer, contact us at 07994058393 (WhatsApp or Call).

Ethanol Blending - Ethanol Blending involves mixing ethanol with petrol to create a cleaner, more sustainable fuel. Initially, the target was 5% blending, which has now been increased to 20% blending. Present target is E100 (pure ethanol). E100 requires flex-fuel vehicles capable of running on varying ethanol blends.
Benefits:
Reduces the hydrocarbon emissions, making the atmosphere cleaner(GHG emissions in case of use of sugarcane and maize-based ethanol are less by 65% and 50%, respectively, than those of petrol)
Saves precious foreign exchange by reducing import demand.
Ensures an alternate source of income for farmers.
Challenge:
It can lead to a food security crisis due to food crop diversion and water usage for sugarcane cultivation.

Prelims | Environment (Source: The Hindu)

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World Environment Day – June 5

World Environment Day is observed every year on 5 June and is the United Nations’ largest global platform for environmental awareness and action.

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Led by the United Nations Environment Programme (UNEP) since 1973, the day encourages governments, organizations, and individuals to take meaningful action to protect the environment.

The observance highlights the urgent need to address environmental challenges such as climate change, biodiversity loss, pollution, deforestation, and ecosystem degradation.

World Environment Day has grown into a global movement involving millions of people across more than 150 countries.

The 2026 global observance is hosted by Azerbaijan, with a focus on accelerating climate action and ecosystem restoration.

The campaign emphasizes the message that immediate action is essential to prevent irreversible environmental damage and secure a sustainable future.

Activities on this day often include:

Tree plantation drives
Clean-up campaigns
Environmental awareness programs
Biodiversity conservation initiatives
Climate action campaigns
Sustainable lifestyle movements

World Environment Day reminds us that protecting nature is not only an environmental responsibility but also essential for human health, economic stability, and future generations.

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Daily Current Affairs Update!

If you dream of becoming an IAS, IPS, or IFS officer, contact us at 07994058393 (WhatsApp or Call).

Similipal Tiger Reserve
Location: Odisha
Geographic Setting: It comes under the Deccan Peninsular Biogeographic Zone.
Vegetation: It is a mix of different forest types and habitats, with Northern tropical moist deciduous dominating some semi-evergreen patches. Sal forest is the dominant one.
Notable Species: It is the only landscape in the world that is home to melanistic tigers.
Other Protection Status: Included as a part of the World Network of Biosphere Reserves by UNESCO in the year 2009.

Prelims | Environment (Source: The Hindu)

Circular Economy - A Circular Economy is a system in which products are designed for durability, reuse, and recyclability, minimizing waste by keeping materials in continuous circulation through repair, reuse, refurbishment, and recycling.

Prelims | Economy (Source: The Hindu)
https://enlitecafe.com/current-affairs-date/?date=2026-06-03

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Daily Current Affairs Update!

If you dream of becoming an IAS, IPS, or IFS officer, contact us at 07994058393 (WhatsApp or Call).

Dust Storms - Dust storms are meteorological events where extremely high winds lift up dust and soil from the ground and transport them over long distances. These kinds of dust storms are quite common in arid and semi-arid regions.
Causes
Natural Causes: Droughts, arid conditions, low vegetation, and strong pressure gradients.
Human-Induced Factors: Overgrazing, deforestation, unsustainable farming, and land degradation.
Impact
Environment: Reduce albedo
Health: Increases respiratory issues (Asthma, Bronchitis) and spreads particulate matter.
Economy
Causes soil erosion and crop damage.
Disrupts aviation, road transport, and solar power generation (by coating panels).

Prelims | Geography (Source: The Indian Express)
https://enlitecafe.com/current-affairs-date/?date=2026-06-01

Fiscal Deficit - Fiscal Deficit is the difference between a government's total expenditure and its total revenue (excluding borrowings). It represents the total borrowing requirement of the government.
Calculation: Fiscal Deficit = Total Expenditure - (Revenue Receipts + Non-debt Capital Receipts),
Economic Implications: High deficits can lead to "Crowding Out" (reducing capital available for private investment), inflationary pressure, or a "Debt Trap" where interest payments consume a majority of revenue.

Prelims | Economy (Source: The Hindu)

PM SVANidhi Scheme - The scheme was announced as a part of the Economic Stimulus-II under the Atmanirbhar Bharat Abhiyan in 2020 during COVID period. It is a Central Sector Scheme under Ministry of Housing and Urban Affairs. Objectives are
To facilitate collateral-free working capital loans to street vendors to restart their businesses.
Holistic development of street vendors by offering a reliable source of finance to support business expansion and opportunities for sustainable growth
Promote financial inclusion, digital payments, and identity/recognition to street vendors.

Prelims | Current Events of National Importance (Source: PIB)

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