Current Affairs - June 2, 2026 Current Affairs

India's industrial production, measured by the Index of Industrial Production (IIP), recorded a growth rate of 4.9% in April 2026 compared to the same month in the previous year. The increase was driven mainly by the manufacturing sector, which grew by 6.2% and emerged as the key contributor to industrial expansion. During the same period, the government introduced a new IIP series with the base year 2022-23, replacing the earlier 2011-12 series. The revised series includes broader sector coverage, updated weights, additional products, and new categories such as gas supply and water management, making industrial measurement more representative of India's evolving economy.

The SIRI Mathrushree Industrial Park was inaugurated in May 2026 in Belthangady of Dakshina Kannada district, Karnataka. The project was established to promote rural entrepreneurship and support women-led social transformation. It directly benefits more than 3,000 individuals and indirectly supports over 10,000 people, mainly women from disadvantaged sections of society. The park includes essential facilities such as hostels, residential quarters, childcare services, transportation arrangements, and hygienic kitchens. By creating livelihood opportunities and strengthening social infrastructure, the initiative contributes significantly to rural development and women's economic empowerment in Karnataka.

Amolops kamal is a newly discovered species of cascade-dwelling frog recorded by scientists of the Zoological Survey of India (ZSI) on May 30, 2026. The species was found in the Kiphire district near Singrep village, located in Nagaland close to the India–Myanmar border. It belongs to the Amolops indoburmanensis species complex and the Amolops marmoratus species group. Molecular phylogenetic studies confirmed it as a distinct evolutionary lineage. The frog was named in honour of Kamal Choudhury, a mentor at B. Barooah College, Guwahati, and is commonly known as the Nagaland cascade frog.

Netrasemi, a fabless semiconductor start-up established in 2020, is headquartered in Thiruvananthapuram, Kerala. The company launched its flagship A2000 AI system-on-chip (SoC) on May 30, 2026, marking a significant step in India’s semiconductor and artificial intelligence ecosystem. The chip is designed for applications such as smart surveillance cameras, edge AI boxes, and intelligent video gateways. It features an in-house Neural Processor, Vision Processing Unit, and Image Signal Processor, along with a patented processing architecture. Supported by the Design Linked Incentive scheme and private investors, Netrasemi is contributing to India's goal of achieving greater self-reliance in advanced semiconductor technologies.

Meesho partnered with the Bombay Stock Exchange (BSE) to launch Project Shikhar, an initiative aimed at supporting Micro, Small and Medium Enterprises (MSMEs) and digital-first businesses in accessing capital markets. The programme is designed to help high-performing e-commerce sellers transition from privately owned enterprises to publicly listed companies. Through guidance on compliance, corporate governance, regulatory preparedness, restructuring, and listing procedures, Project Shikhar seeks to simplify the public listing process. The initiative also promotes easier access to growth capital, enabling businesses to expand operations, improve transparency, strengthen governance standards, and enhance their credibility among investors and stakeholders.

Vice Admiral Ajay Kochhar assumed charge as the 48th Vice Chief of the Naval Staff (VCNS) on 29 May 2026. Commissioned into the Indian Navy on 1 July 1988, he is a specialist in Gunnery and Missile Systems and has served for more than 37 years. During his distinguished naval career, he commanded major warships including the aircraft carrier INS Vikramaditya and the frigate INS Trikand. He also served as Commander-in-Chief of the Andaman and Nicobar Command, Commandant of the National Defence Academy, and Commander of the Western Fleet. His service has been recognised with prestigious honours such as the Param Vishisht Seva Medal, Ati Vishisht Seva Medal, and Nau Sena Medal.

Admiral Krishna Swaminathan assumed charge as the 27th Chief of the Naval Staff of the Indian Navy on 31 May 2026, succeeding Admiral Dinesh Kumar Tripathi. Commissioned into the Navy in 1987, he has nearly four decades of distinguished service and is a specialist in Communication and Electronic Warfare. During his career, he commanded several important naval vessels, including INS Vikramaditya, and held key leadership positions such as Commander of the Western Fleet, Vice Chief of the Naval Staff, and Flag Officer Commanding-in-Chief of the Western Naval Command. A highly qualified officer with extensive academic credentials, he has also been honoured with the PVSM, AVSM, and VSM for his exceptional service to the nation.

Telangana Formation Day is observed annually on June 2 to mark the creation of Telangana as a separate state in 2014. Formed through the Andhra Pradesh Reorganisation Act, 2014, Telangana became the 29th state of India after a prolonged statehood movement that sought greater regional identity, equitable development, and self-governance. The movement involved participation from students, farmers, employees, intellectuals, and political leaders over several decades. The day honours the contributions and sacrifices of those who supported the cause of statehood. Celebrations across the state include flag-hoisting ceremonies, tributes to martyrs, cultural programs, public meetings, awards, and exhibitions showcasing Telangana’s rich heritage and identity.

Vice Admiral Sanjay Vatsayan assumed charge as the Flag Officer Commanding-in-Chief of the Western Naval Command during a ceremonial parade held in Mumbai on 30 May 2026. Before taking up this position, he served as the 47th Vice Chief of the Naval Staff at Naval Headquarters in New Delhi. Commissioned into the Indian Navy on 1 January 1988, he is a specialist in Gunnery and Missile Systems. Throughout his distinguished career, he has commanded several naval vessels, including INS Vibhuti, INS Nashak, INS Kuthar, and INS Sahyadri. He has also held important strategic appointments and has been awarded the PVSM, AVSM, and Nao Sena Medal for his exemplary service.

General NS Raja Subramani assumed charge as India's Chief of Defence Staff (CDS) on 31 May 2026, succeeding General Anil Chauhan. As the country's highest-ranking military officer, the CDS serves as the principal military adviser to the Government of India and plays a crucial role in enhancing coordination among the Army, Navy, and Air Force. With more than four decades of military experience, General Subramani has held several important positions, including Vice Chief of Army Staff, Military Advisor at the National Security Council Secretariat, and General Officer Commanding-in-Chief of the Central Command. His appointment is expected to further strengthen defence reforms, military modernisation, and tri-services integration in India.

Rajesh Kumar Singh assumed the additional charge of Chairman of the Defence Research and Development Organisation (DRDO) and Secretary of the Department of Defence Research and Development on May 31, 2026. The appointment was approved by the Appointments Committee of the Cabinet following the retirement of Dr. Samir V. Kamat, whom he succeeded. A 1989-batch IAS officer of the Kerala cadre, Singh has been serving as the Defence Secretary since November 2024. Before that, he served as Secretary of the Department for Promotion of Industry and Internal Trade (DPIIT). DRDO plays a crucial role in advancing India's self-reliance in defence technologies and strengthening national security capabilities.