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    General Awareness

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    Daily G.K. - Top Stories

    21 Jun 2026

    DAILY G.K. TEST

    Start Test

    INTERNATIONAL AFFAIRS

    UAE launches first Sovereign Retail T‑Sukuk programme for retail investors

    The United Arab Emirates launched its first Sovereign Retail T‑Sukuk programme in June 2026. The program allows UAE citizens and residents to invest in government‑backed, Shariah‑compliant securities. The minimum investment is fixed at Dh1,000, making the product accessible to individual investors. The initiative follows an IPO‑style subscription framework and uses Shariah‑compliant Ijarah or Murabaha structures. It aims to promote financial inclusion and long‑term saving while supporting the diversification and resilience of the domestic economy. The Ministry of Finance announced the scheme with collaboration from the Central Bank of the UAE to strengthen the retail investment landscape.
    • Instrument: Sovereign Retail T‑Sukuk (retail Islamic securities).
    • Minimum investment: Dh1,000; denom. in UAE dirhams.
    • Structure: Shariah‑compliant Ijarah/Murabaha; IPO‑style subscription.
    • Purpose: Financial inclusion and long‑term savings; broader market diversification.
    • Context: Part of UAE financial inclusion and capital‑market development push.
    View Month Wise

    ENVIRONMENT

    Tamil Nadu approves five renewable energy zones to accelerate green power

    Tamil Nadu approved five dedicated renewable energy zones in June 2026 to speed up wind and solar projects and improve administration. The zones will administer wind and solar development and monitor grid integration, with headquarters in Chennai, Tiruchirappalli, Tirunelveli, Coimbatore and Madurai. Salem was not selected as a zone headquarters. The move aims to streamline approvals and governance, attract investment in renewable energy, and support the state’s goal of expanding green capacity and storage. The zones will involve Tamil Nadu Green Energy Corporation Limited and partner agencies to coordinate project approvals, land allocation and grid connectivity.
    • Policy: Five dedicated renewable energy zones approved in June 2026.
    • HQ locations: Chennai, Tiruchirappalli, Tirunelveli, Coimbatore, Madurai (Salem excluded).
    • Purpose: Streamline approvals, monitoring and grid integration for wind/solar projects.
    • Admin: Tamil Nadu Green Energy Corporation Limited (TNGECL) involved.
    • Must‑know: Aligns with Tamil Nadu’s push for higher green capacity and storage.
    View Month Wise

    BUSINESS AND ECONOMY

    Bharat Buildcon 2026 inaugurated in New Delhi under One Nation, One Expo

    Bharat Buildcon 2026 was inaugurated at the Yashobhoomi Convention Centre in New Delhi, with the theme One Nation, One Expo. The four‑day event focuses on building materials and the construction industry, bringing together policymakers, industry leaders, manufacturers, builders and international buyers. The opening ceremony featured Union Minister Manohar Lal Khattar, with other dignitaries including Jitin Prasada representing the Ministry of Commerce & Industry. The expo is organised with CAPEXIL under the Ministry of Commerce & Industry to promote domestic manufacturing and export opportunities in the sector. It aims to boost industry collaborations and showcase innovations from India and abroad.
    • Event: Bharat Buildcon 2026, New Delhi, 18 June 2026, at Yashobhoomi.
    • Theme: One Nation, One Expo; focus on building materials and construction industry.
    • Inauguration: Union Minister Manohar Lal Khattar; Jitin Prasada represented Ministry of Commerce & Industry.
    • Organisers: CAPEXIL under the Ministry of Commerce & Industry.
    • Must‑know: CAPEXIL promotes exports of building materials.
    View Month Wise

    NATIONAL AFFAIRS

    RBI cancels licence of Karnataka-based Shree Mahalaxmi Urban Co-operative Bank

    The Reserve Bank of India cancelled the banking licence of Shree Mahalaxmi Urban Co‑operative Credit Bank Ltd., located in Gokak, Karnataka, in June 2026. The RBI said the bank faced inadequate capital, weak earning prospects and a weak financial position, which warranted withdrawal of its licence. It also asked the Registrar of Co‑operative Societies, Karnataka, to issue an order winding up the bank. Depositors are protected by the DICGC; about 97.9 percent of depositors are expected to receive their full insured deposits. This action reflects RBI’s ongoing supervisory stance over cooperative banks and its commitment to protecting customer money during wind‑ups.
    • RBI cancelled the banking licence of Shree Mahalaxmi Urban Co‑operative Credit Bank Ltd., Gokak (Karnataka) in June 2026.
    • Reason: inadequate capital, weak earnings prospects and a weak financial position.
    • Registrar of Co‑operative Societies, Karnataka, to issue winding‑up orders.
    • DICGC will insure about 97.9% of depositors' deposits.
    • India must‑know: Deposit Insurance and Credit Guarantee Corporation (DICGC) cover is ₹5 lakh per depositor.
    View Month Wise

    AWARDS AND HONOURS

    Jainendra K. Jain wins 2025 Wolf Prize in Physics for composite fermions

    Rajasthan‑born theoretical physicist Jainendra K. Jain won the 2025 Wolf Prize in Physics for his work on composite fermions and their relation to the fractional quantum Hall effect. The prize recognizes his major contributions to understanding complex quantum phenomena and many‑body physics. The award was presented in Jerusalem in June 2026, highlighting his international influence in fundamental physics. Jainendra Jain’s research on emergent particles in quantum systems has shaped theories in condensed matter physics and related technologies, reinforcing the Wolf Prize’s reputation as a prestigious global honour for science.
    • Recipient: Jainendra K. Jain (theoretical physicist, born in Rajasthan).
    • Award: 2025 Wolf Prize in Physics for composite fermions research.
    • Field: Quantum many‑body physics and fractional quantum Hall effect.
    • Ceremony: Presented in Jerusalem in June 2026.
    • Must‑know: Wolf Prize is a highly prestigious international science award.

    Wolf Prize in Physics 2025 winners include Jainendra K. Jain

    The Wolf Prize in Physics for 2025 included Jainendra K. Jain among the laureates, recognized for work on composite fermions and quantum Hall effects. The prize, awarded in Jerusalem, is regarded as one of the world’s most prestigious honours in physics, sharing prominence with the Nobel Prize. Jainendra Jain’s theoretical contributions have influenced understanding of two‑dimensional electron systems and strong magnetic field phenomena, impacting future research in quantum materials and related technologies.
    • Award: Wolf Prize in Physics 2025 (Jerusalem ceremony).
    • Laureate: Jainendra K. Jain (composite fermions).
    • Field: Quantum Hall effect and many‑body physics.
    • Significance: High international recognition in physics.
    • Note: The prize is often described as a highly prestigious precursor to Nobel status.
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