Current Affairs Quiz 25th June 2026 Quiz

Exp. Zerodha Fund House Launches Mutual Fund Industry’s First Lifecycle Funds

Zerodha Fund House has launched the mutual fund industry’s first Lifecycle Funds, with target maturity years 2036 and 2041, offering goal-based investment solutions.

Lifecycle Funds, introduced by SEBI in February 2026, are designed to help investors achieve long-term financial goals such as retirement, children’s education, and home purchase.

These funds automatically reduce investment risk as the target year approaches by gradually shifting asset allocation across equity, debt, gold, silver, and arbitrage, eliminating the need for manual portfolio rebalancing.

Exp. Neeraj Chopra and Parul Chaudhary Named AFI Athletes of the Year 2025 at Indian Athletics Awards

Neeraj Chopra and Parul Chaudhary were named the Athletics Federation of India (AFI) Athletes of the Year 2025 at the inaugural Indian Athletics Awards.

P.T. Usha, Anju Bobby George, G. S. Randhawa, and Bahadur Singh Chauhan received the Lifetime Achievement Award for their outstanding contributions to Indian athletics.

Other major honours included Pooja and Shahnavaz Khan as Emerging Athletes of the Year, Reliance Foundation as Best Sponsor, Odisha as the Best State for Supporting Athletes, and Tamil Nadu as the Best State Association.

Exp. 23 June – United Nations Public Service Day

United Nations Public Service Day is observed every year on 23 June, following its proclamation by the UN General Assembly through Resolution 57/277 on 20 December 2002.

The day recognizes the importance of public service, honours the contribution of public servants to sustainable development, and encourages young people to pursue careers in the public sector.

The UN Public Service Awards (UNPSA) programme was launched in 2003 to celebrate excellence in public administration and was reviewed in 2016 to align with the 2030 Agenda for Sustainable Development.

Exp. 23 June – International Widows’ Day

International Widows’ Day is observed every year on 23 June by the United Nations since 2011, following the adoption of Resolution A/RES/65/189.

The day aims to raise awareness about the challenges faced by widows, amplify their voices, and promote their rights, dignity, and social protection.

Globally, there are over 258 million widows, many of whom continue to face discrimination, poverty, and limited access to legal and economic rights.

Exp. India Clinches Women’s 4×100m Relay Gold at Asian Relays Championships 2026

India won the gold medal in the women’s 4×100m relay at the Asian Relays Championships 2026 in Shaoxing, China, with Srabani Nanda, SS Sneha, Sudeshna Shivankar, and Tamanna clocking a season-best 43.85 seconds.

The Indian mixed 4×400m relay team secured the silver medal, with Theerthesh Shetty, Poovamma MR, Bharath Sridhar, and Neeru Pathak finishing in 3:17.06 seconds.

India also claimed the bronze medal in the mixed 4×100m relay, with the team comprising Pranav Gaurav, Tamanna, Animesh Kujur, and SS Sneha.

Exp. NHAI and NCAER Sign MoU to Establish Centre for Transportation Economics and Logistics

The National Highways Authority of India (NHAI) signed an MoU with the National Council of Applied Economic Research (NCAER) to establish the NHAI Centre for Economics of Transportation, Mobility and Logistics at NCAER.

The Centre will conduct applied economic research on transportation, mobility, and logistics, providing actionable insights to support long-term planning, investment, and policy-making in the road transport sector.

It will also function as a knowledge hub, publishing policy briefs, working papers, and flagship reports, and will be guided by an Advisory Committee comprising economists, transport experts, public policy specialists, academicians, and representatives from NHAI and NCAER.

Exp. World Bank Approves USD 1.5 Billion Financing for India to Boost Private Sector Jobs

The World Bank approved USD 1.5 billion in financing for India under the Boosting Job Creation in the Private Sector Development Policy Financing (DPF) Operation to support private sector-led employment and economic growth.

The DPF will back key structural reforms in taxation, trade, investment, labour regulations, entrepreneurship, and access to capital, while improving the ease of doing business.

As part of labour reforms, India has merged 29 labour laws into four Labour Codes, aimed at simplifying labour regulations, increasing women’s workforce participation, and promoting entrepreneurship and investment.

Exp. Power Finance Corporation Raises USD 300 Million Through First RBI-Backed Overseas Bond Issue

Power Finance Corporation (PFC) raised USD 300 million through a five-year dollar bond issue, becoming the first non-bank lender to use the RBI’s subsidised hedging facility for overseas borrowings.

The bonds were priced at a spread of 105 basis points over US Treasuries, resulting in a yield of 5.327%, reflecting strong investor demand.

PFC accepted a smaller first tranche despite strong demand and may consider raising more funds through this route in the future if US Treasury yields decline.

Exp. Government to Divest Up to 2% Stake in Indian Railway Finance Corporation Through OFS

The Government of India will divest up to 2% stake in Indian Railway Finance Corporation (IRFC) through an Offer for Sale (OFS).

The OFS includes a 1% base equity stake and an additional 1% stake under the Green Shoe Option, subject to strong investor demand.

Offer for Sale (OFS) enables promoters to sell shares of a listed company through the stock exchange, while the Green Shoe Option allows the sale of additional shares if the issue receives high demand.

Exp. Skydo Secures First International Payment Licence in Canada

Skydo, a Bengaluru-based fintech company, has received an international payment licence in Canada, marking its first international regulatory approval outside India.

The licence enables Skydo to expand its cross-border payment services and strengthen its global presence in international markets.

Skydo already has approval to operate from GIFT City, India’s International Financial Services Centre (IFSC), further enhancing its international financial operations.

Exp. VOC Port Becomes India’s First Major Port to Launch Generative AI App ‘PortGPT’

V.O. Chidambaranar (VOC) Port Authority in Thoothukudi launched PortGPT, becoming the first major port in India to deploy an enterprise-grade generative AI mobile application.

Union Minister for Ports, Shipping and Waterways, Sarbananda Sonowal, launched the PortGPT app in New Delhi.

PortGPT is designed to enhance operational efficiency, improve knowledge management, streamline workflows, and support data-driven decision-making as part of the port’s digital transformation.

Exp. Indian Navy’s INS Udaygiri and INS Kavaratti Visit Vietnam to Strengthen Maritime Cooperation

INS Udaygiri and INS Kavaratti of the Indian Navy’s Eastern Fleet arrived at Nha Rong Port, Ho Chi Minh City, Vietnam, marking a significant milestone in India–Vietnam maritime relations.

The warships, led by Rear Admiral Alok Ananda, received a ceremonial welcome from the Vietnam People’s Navy, reflecting the growing maritime partnership between the two countries.

The visit includes professional exchanges, cross-deck visits, sporting events, and high-level discussions on maritime security, and is the Indian Navy’s first major deployment to Vietnam since the two countries elevated ties to an Enhanced Comprehensive Strategic Partnership in May 2026.

Exp. US Announces USD 230 Million Sustainment Package for India’s M777A2 Howitzers

The United States has announced a USD 230 million sustainment package for India’s M777A2 Ultra-Light Howitzers to support their long-term maintenance and operational readiness.

The package aims to enhance the combat effectiveness, reliability, and service life of the M777A2 artillery systems currently deployed by the Indian Army.

Exp. IIT Ropar Secures ₹120 Crore Defence Technology Projects from Army Technology Board

Indian Institute of Technology (IIT) Ropar has secured two defence technology projects from the 27th Army Technology Board (ATB) with a combined project cost of ₹120 crore.

The projects focus on the development of Autonomous Armoured Vehicles and Directed Energy Weapons, strengthening India’s indigenous defence technology capabilities.

The Army Technology Board (ATB), functioning under the Indian Army’s Military Operations Directorate, identifies advanced technology requirements and assigns high-priority defence research projects to capable institutions.

Exp. 24 June – International Day of Women in Diplomacy

International Day of Women in Diplomacy is observed every year on 24 June to recognize the contributions of women in diplomacy and decision-making at the global level.

The day was proclaimed by the United Nations General Assembly (UNGA) in 2022 to promote the full, equal, and meaningful participation of women in diplomacy.