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JUNE 17,2026 CURRENT AFFAIRS

Buddhist Pilgrim Xuanzang

India and China are in talks over joint UNESCO nominations for Xuanzang''s travelogue, ''The Great Tang Records on the Western Regions''.

Hiuen Tsang (629–645 CE) 

»     He is a renowned Chinese Buddhist monk, scholar, traveller and translator of the Tang period. 

»     He is best known for his 16-year pilgrimage to India. In India, he

       o   Visited the court of Harshavardhana.

       o   Participated in religious debates at Kannauj.

       o   Studied at NalandaMahaviharauniversityunder the guidance of the venerable monk Shilabhadra.

Information provided by him: 

       o   Harsha''s empire (harsh punishment to criminals), incident of robbery on highway.

       o   Trade routes and duties at barriers, 

       o   Social and religious systems, detailed account of Nalanda University, etc.

CEA Warns of Weak R&D Investment

CEA warned that such underinvestment could lead to 

»     Existential threat to India’s future corporate profits (due to technology dependence).

»     Loss of geopolitical leverage (due to poor global value chains integration).

Current Status of R&D Expenditure in India

»     Gross Expenditure on Research and Development (GERD): India’s GERD is 0.6-0.7 % of GDP.

»     It is significantly lower than South Korea (4.9%) and Israel (6.3%). 

»     Funding Share: Government (~64%)&private sector (~36%) of total R&D spending,

Why India’s R&D expenditure remains low?

»     Captive Domestic Market: Large domestic demand reduces pressure for export competitiveness and innovation.

»     Colonial De-industrialisation: Colonial rule shifted focus from manufacturing (such as textiles) and innovation to commerce, trading, and arbitrage.

»     Premature Financialisation: Corporate focus on short-term stock prices discourages long-term productive investment. 

»     Generational Shifts: Third-generation family firms often prioritize easier returns of financial markets over capital-intensive manufacturing.

»     Systemic Uncertainty: Operating in a complex democracy with a hostile neighborhood makes long-term planning risky, causing businesses to heavily discount distant R&D payoffs.

»     Others: Geopolitical uncertainty and macroeconomic volatility in last 15 years, such as the 2008 crash, COVID-19, wars, etc. have led firms to defer irreversible, long-term investments.

Way Ahead

»     Long-Term Focus:Indian corporate boardrooms must be willing to absorb short-term costs in pursuit of long-run competitive advantage.

»     Recognize the Convergence of Interests: Private sector must align shareholder interests with long-term national interests and move beyond low-hanging domestic demand. 

»     Learn from global successes: 

»     Germany’s Mittelstand: Deep engineering capabilities through patient capital and a cultural commitment to quality.

»     Japan’s Post-War Miracle: Long-horizon corporate strategies and a willingness to absorb short-term losses.

»     South Korea’s Chaebol: World-class capabilities in semiconductors and shipbuilding by investing at scale.

Chief Economic Advisor (CEA) of India

450 years to the Battle of Haldighati in the Aravalli hills (present-day Rajsamand, Rajasthan), fought on 18 June 1576.

»     Maharana Pratap, led Mewar’s forces against the army of Mughal emperor Akbar, led byAsaf Khan I and Man Singh I of Amber.

»     Chetak, Maharana Pratap’s trusted horse, delivered him to safe grounds before breathing his last.

Maharana Pratap (1540 -1597)

»     Renowned Rajput warrior and the king of Mewar, Rajasthan.

»     He was born in Kumbhalgarh Fort into the Sisodiya clan toJaiwantaBaiand Udai Singh II.

»     He refused to submit to the Mughals (during the reign of Akbar), leading to the Battle of Haldighati(1576).

»     Strategic Brilliance: From the Aravalli hills, Maharana Pratap employed guerrilla warfare and swift cavalry tactics against the Mughals, with crucial support from the Bhil community in intelligence, archery, and terrain navigation.

»     Successor:  Amar Singh I 

Values: Bravery, courage, resilience, compassion, leadership, high moral standards, etc.

Consensus on Kishau Multipurpose Dam

Six states i.e. Himachal Pradesh, Uttarakhand, Delhi, Uttar Pradesh, Haryana and Rajasthan agreed to sign MoU for Kishau Multi-Purpose Dam Project implementation. 

Kishau Multipurpose Dam Project

»     Location: Along Uttarakhand-Himachal Pradesh border on River Tons (tributary of Yamuna).

»     Dam Type: 236 m high Roller Compacted Concrete gravity dam.

»     Power Generation: 660 MW installed capacity.

»     Funding: Centre to provide 90% assistance for water component and remaining 10% to be shared by six states.

»     Benefits: Drinking water, irrigation, flood control, and enhanced downstream hydropower generation.

»     Note: Himachal Pradesh’s share of water to be supplied to Delhi and Rajasthan in return for sharing cost of Himachal Pradesh’s portion of power component of project.

Significance: Expected to improve clean water flow in River Yamuna

Geographical Indications of India

Jharkhand’s Bhagaiya silk, Kuchai silk, Munda jewellery and bamboo craft receive GI tag.

GI tags

»     Bhagaiya Silk:  It represents a regional handloom tradition linked with Godda district and nearby areas. 

       o   It combines silk, cotton, gheecha yarn, mulberry katan, zari and traditional weaving skill to create sarees etc.

»     Kuchai Silk (Tussar silk): It is produced by tussar silkworms cultivated on the trees of Asan and Arjun. 

       o   Part of an ancient tradition of Jharkhand, providing livelihood in rural areas.

»     Munda jewellery: Celebrates Munda tribal community''s artistic traditions, cultural heritage and creating livelihood opportunities.

»     Bamboo Craft: Supports rural artisans in transforming bamboo into utility and decorative products.

GRAPES‑3: PeV Energy Explorer

Scientists from India and Japan used the GRAPES-3 muon telescope to analyse 22 years of cosmic-ray data to monitor Earth''s upper atmosphere and Sun’s magnetic field.

»     Muons are secondary subatomic particles produced when cosmic rays collide with atmospheric oxygen and nitrogen.

GRAPES-3

»     It is a high-energy cosmic ray observatory located at Ooty, Tamil Nadu, at an altitude of about 2200 metres above sea level.

»     Working: When high-energy cosmic rays or gamma rays enter Earth''s atmosphere, they interact with atmospheric molecules and generate cascades of secondary particles called Extensive Air Showers (EAS).

        o   GRAPES-3 detects these air showers and analyses them to understand the properties of the original cosmic particles.

GRAPES-3 array is the highest density conventional EAS array in the world

India’s Voice at G7 Summit

India is invited as a partner country. Indian PM emphasized that world faces a “shortage of trust” rather than resources, aggravated by the misuse of trade and technology. 

»     He opined that the world should move from donor-recipient paradigm to partnerships based on solidarity and equality.

»     Reiterated that India’s vision of international partnership is rooted in the philosophy of ‘Vasudhaiva Kutumbakam’ and a ‘humanity first’ approach.

Key Declarations adopted

»     Development Finance: Called for reforms in global development finance and debt management, including strengthening the IMF–World Bank 3-Pillar Approach and mobilizing private capital. 

       o   IMF–World Bank 3-Pillar Approach helps vulnerable countries address liquidity challenges through structural reforms, external financial support, and reducing their debt servicing burdens.

»     Ebola Response: Urged coordinated international action to contain the Bundibugyo Ebola outbreak in the DRC and Uganda.

»     Cancer Action: Committed to advancing research on cancers, reducing lung cancer mortality, and improving global access to paediatric cancer data.

»     Geopolitics: Welcomed the US-Iran nuclear agreement, promoted a free and open Indo-Pacific, and expressed concern over North Korea’s nuclear programme etc.

»     Migrant Smuggling: Pledged stronger action against human trafficking and migrant smuggling networks, including cooperation with online platforms.

»     Drug Trafficking: Announced a G7+ Ports Network to combat maritime drug trafficking and disrupt related illicit financial flows.

Group of Seven (G7)

»     Genesis:1975 as an informal forum for economic and financial cooperation following 1973 energy crisis.

»     Members: Seven advanced democracies - Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States, along with the European Union.

       o   Expanded to G8 (1998–2014) with Russia''s inclusion; Russia was suspended in 2014 following its annexation of Crimea.

»     Structure: No permanent secretariat; annual rotating presidency.

Focus Areas: Global economic governance, international security, energy policy, etc

Milky Way’s Radio Mystery Key

Scientists Discover ASKAP J1745−5051, a stellar Rosetta Stone to decode Mysterious long-period radiotransients (LPTs) signals detected across the galaxy.

ASKAP J1745−5051

»     System Type: Binary star system consisting of a white dwarf (dense remnant of a dead star about the size of Earth but with a mass similar to the Sun) and a smaller red dwarf (one-tenth of the Sun’s mass).

»     Signal Generation: As the orbit is tight, both stars orbit each other in just over one hour. 

       o   This generates strong magnetic interactions producing repeating radio bursts detectable from Earth.

»     Significance: May help explain the origin of mysterious LPT signals and distinguish between white dwarf systems and pulsars.

Naegleria fowleri

Kerala seeing surge in ‘brain-eating amoeba’ cases mainly due to Acanthamoeba, a free-living amoeba found mainly in contaminated water.

Brain-eating Amoeba

»     Nature: A free-living, single-celled amoeba found in warm freshwater bodies (lakes, rivers, hot springs) and soil.

»     Types: Although there are several types of free-living amoebas, three are known to cause severe disease in people are 

        o   Acanthamoeba causes Granulomatous Amoebic Encephalitis (GAE).

        o   Naegleriafowlericauses Primary Amoebic Meningoencephalitis (PAM).

        o   & Balamuthiamandrillaris.

»     Transmission: Can enter the body through the nose, skin, inhalation, etc. and can infect the brain.

»     Why Called "Brain-eating Amoeba": It destroys brain tissue, leading to severe brain infection.

Fatality: PAM is rare but almost always fatal

World Gold Authority

World Gold Council’s survey indicatesCentral banks would increase gold reserves over next 12 months.

World Gold Council

»     It is an international membership organization representing the global gold mining industry. 

»     Objective: To promote gold as a strategic asset and support the development of a responsible, transparent, and sustainable gold market.

»     Founded: 1987

»     Created by: leading global gold mining companies.

»     HQ: London.

»     Membership: 29 major gold mining companies

Posted on 17-06-2026 • By Admin

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