JUNE 17,2026 CURRENT AFFAIRS
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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. |
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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. |
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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. |
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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 |
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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. |
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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 |
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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 |
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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. |
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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 |
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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 |