Welcome to Plutus Academy’s Daily Current Affairs — 29 June 2026. Today’s update covers the most important national and international developments, banking and finance news, sports events, key appointments, resignations, and science breakthroughs, curated from credible newspapers, news agencies and government sources (The Hindu, PIB, RBI, IMF, PTI, Business Standard, Bloomberg) for Bank PO, SSC, RRB and UPSC aspirants.

🇮🇳 National News

India Achieves First GAGAN-Guided Landing of a Commercial Jet at Udaipur

India successfully conducted its first GAGAN-guided landing of a commercial passenger jet at Udaipur Airport (Rajasthan). GAGAN (GPS-Aided GEO Augmented Navigation) is the satellite-based augmentation system jointly developed by ISRO and the Airports Authority of India (AAI), making India one of the few countries with its own SBAS. The milestone improves approach precision and safety at airports lacking ground-based instrument landing systems.

Government Unveils ‘Green Urea’ Roadmap

The Government of India announced a Green Urea Roadmap to promote sustainable fertiliser production using green hydrogen and renewable energy, cutting dependence on imported natural gas and reducing the carbon footprint of conventional urea manufacturing. The move supports India’s Atmanirbhar Bharat goal in the fertiliser sector and its broader net-zero commitments.

Maharashtra TET 2026 Postponed Over Paper-Leak Suspicion

The Maharashtra State Council of Examination postponed the Maharashtra Teacher Eligibility Test (TET) 2026, which was scheduled to begin on 28 June, after suspicion of a question-paper leak. The decision underscores continuing concerns about examination integrity and the push for stronger anti-malpractice safeguards in recruitment tests.

🌐 International News

Israel Formally Recognises the Armenian Genocide

Israel formally recognised the World War I-era Armenian Genocide, marking a significant shift in its diplomatic position. The mass killings of Armenians under the Ottoman Empire (1915-1916) have been recognised as genocide by a growing number of countries, and the announcement carries notable implications for regional diplomacy.

US-Iran Ceasefire Remains Fragile Amid Framework Dispute

The recent ceasefire between the United States and Iran appeared increasingly fragile after fresh hostilities in the region. US President Donald Trump accused Iran of violating the framework agreement, while Tehran threatened to suspend negotiations — keeping global energy markets and oil prices under pressure.

Swiss Glaciers Melt Rapidly as Europe Faces Extreme Heat

Swiss glaciers melted at an alarming pace through June as Europe grappled with an extreme heatwave, renewing scientific concern over accelerating climate change and its impact on Alpine water resources and sea-level rise.

🏦 News Related to Indian Banking and Finance

RBI Keeps Repo Rate Unchanged at 5.25%

The Reserve Bank of India’s Monetary Policy Committee (MPC) kept the repo rate unchanged at 5.25%, retaining a neutral policy stance. The decision reflected the central bank’s effort to balance growth with the inflation risks arising from elevated global energy prices.

RBI to Bear Full FX Hedging Cost on FCNR(B) Deposits

To support the rupee and attract foreign capital, the RBI announced it will bear the full forex-hedging cost for authorised banks raising fresh 3-5 year FCNR(B) deposits until 30 September 2026. FCNR(B) (Foreign Currency Non-Resident Bank) accounts let NRIs hold term deposits in foreign currency, shielding them from exchange-rate risk.

FAR Expanded to Include Long-Tenor G-Secs

The RBI expanded the Fully Accessible Route (FAR) to include all new issuances of 15-, 30- and 40-year tenor Government Securities. The FAR allows non-residents to invest in specified G-secs without any quantitative limit, deepening foreign participation in India’s bond market.

💱 News Related to International Banking and Finance

US Federal Reserve Holds Rates at 3.50%-3.75%

The US Federal Reserve kept its benchmark federal funds rate steady at 3.50%-3.75%. New Fed Chair Kevin Warsh trimmed the policy statement and removed forward guidance, with markets now pricing a possibility of a rate hike later in 2026 amid rising energy-driven inflation.

IMF SDR Interest Rate at 2.799%

The International Monetary Fund’s Special Drawing Rights (SDR) interest rate stood at 2.799% (for 26 June 2026). The SDR is the IMF’s international reserve asset, valued against a basket of major currencies (US dollar, euro, Chinese yuan, Japanese yen and pound sterling).

🏆 International Sports Events

Diamond League Meeting de Paris Held

The Wanda Diamond League staged its Meeting de Paris leg in Paris, France on 28 June 2026, featuring elite track-and-field athletes in a key stop of the global athletics calendar ahead of the season’s major championships.

2026 FIFA World Cup Underway

The 2026 FIFA World Cup, co-hosted by the United States, Canada and Mexico, is in progress after kicking off on 11 June. It is the first 48-team edition of football’s flagship tournament, expanded from the previous 32-team format.

📋 Major National & International Appointments

Vivek Aggarwal Becomes First Indian Vice President of FATF

Senior IAS officer Vivek Aggarwal was appointed the first Indian Vice President of the Financial Action Task Force (FATF). The FATF is the global watchdog on money laundering and terror financing; the appointment boosts India’s profile in shaping global financial-integrity standards.

Hitesh Joshi Named Chairman of GIC Re

Hitesh Joshi was appointed the new Chairman of General Insurance Corporation of India (GIC Re), the country’s national reinsurer. GIC Re plays a central role in providing reinsurance capacity to the Indian insurance industry.

📤 Resignation or Dismissal

SML Isuzu CEO Venkataraman Srinivas to Exit

Venkataraman Srinivas stepped down as CEO with effect from the close of 30 June 2026, transitioning to a new role within the Mahindra Group following Mahindra’s acquisition of the commercial-vehicle maker. The Chairman assumed interim charge during the leadership transition.

🔬 Major Inventions and Discoveries

ISRO Hot-Tests Semi-Cryogenic Engine Power Head

ISRO successfully conducted a hot test of its semi-cryogenic engine power head at the ISRO Propulsion Complex, Mahendragiri (Tamil Nadu) on 24 June 2026, achieving 88% of the target thrust (about 175 tonnes). The semi-cryogenic engine uses refined kerosene (RP-1) and liquid oxygen as propellants and will power heavier next-generation launch vehicles, improving payload capacity and cost efficiency.

India and Germany Expand Space Collaboration

India and Germany identified fresh avenues of cooperation in satellite and optical communications, human spaceflight, microgravity research, Earth observation and drone technologies, deepening their strategic partnership in advanced space science and technology.

📝 Practice Questions — Current Affairs Quiz

Test your knowledge with these 5 questions in SSC/Bank PO format