8 June 2026 Current Affairs (With PDF)

We bring you the most relevant and important news updates from around the world and India, specially curated for competitive exams and different entrance exams. Today's Current Affairs cover all significant national and international headlines, legal updates, economic news, and environmental highlights to boost your preparation. With our crisp, to-the-point coverage, you can confidently tackle current affairs questions in your exams.

University of Liverpool Receives Approval to Establish Campus in India

Why in News?

• Ministry of Education has granted a Letter of Approval (LoA) to University of Liverpool to establish a branch campus in Bengaluru under the UGC (Setting Up and Operation of Campuses of Foreign Higher Educational Institutions in India) Regulations, 2023.

What is Internationalisation of Higher Education?

• Internationalisation refers to the integration of global, international, and intercultural dimensions into higher education systems.
• It seeks to make teaching, research, governance, and academic collaboration more globally connected and competitive.
• Key Components: Student mobility, Faculty exchange programmes, International research collaborations, Joint and dual-degree programmes, Foreign university campuses, Cross-border educational services.

Why is Internationalisation Important for India?

1. Enhancing Academic Excellence

• Global Standards: Encourages adoption of internationally benchmarked Curricula, Teaching practices, Assessment mechanisms, Quality assurance frameworks.
• Outcome: Improves learning outcomes and institutional competitiveness.

2. Creating a Future-Ready Workforce

• Skill Development: Exposure to international perspectives strengthens Critical thinking, Innovation, Problem-solving abilities, Intercultural competence.
• Economic Relevance: Helps prepare graduates for participation in a globally interconnected economy.

3. Reducing Outbound Student Migration

• Retaining Talent: Availability of globally recognised institutions within India can reduce the need for students to seek higher education abroad.
• Economic Benefits: Helps curb foreign exchange outflows associated with overseas education.
• Current Scenario: More than 1.3 million Indian students pursue higher education abroad, making India one of the largest sources of international students globally.

4. Strengthening Educational Diplomacy

Soft Power Enhancement

• Academic partnerships foster stronger bilateral and multilateral relations.
• Enhance India's cultural and intellectual influence globally.

5. Supporting the Global Education Hub Vision

• Knowledge Economy: Internationalisation is essential for transforming India into a major centre for Higher learning, Research, Innovation, Knowledge creation.

Challenges Associated with Internationalisation

1. High Cost of Education

• Programmes offered by foreign universities may remain inaccessible to economically weaker sections.

2. Regional Imbalances

• Foreign institutions are likely to prefer major metropolitan centres, potentially widening regional disparities in educational access.

3. Competitive Pressures on Domestic Institutions

• Public universities may face challenges in attracting High-quality faculty, Talented students, Research funding.

4. Risk of Commercialisation

• Excessive emphasis on profitability may undermine the broader social and developmental objectives of higher education.

India's Initiatives to Promote Internationalisation

1. National Education Policy (NEP) 2020

• Places internationalisation at the core of higher education reforms.
• Encourages leading global universities to establish campuses in India.
• Promotes international academic partnerships and collaborations.

2.UGC Regulations, 2023

• Provides a dedicated regulatory framework for foreign higher educational institutions.
• Permits highly ranked foreign universities to establish campuses in India while maintaining global academic standards.

3.Study in India (SII) Programme

• Attract international students to Indian educational institutions.
• Promote India as a preferred higher education destination.

4.Scheme for Promotion of Academic and Research Collaboration (SPARC)

• Supports joint research projects between Indian institutions and leading global universities.
• Strengthens India's research ecosystem.

5. Global Initiative of Academic Networks (GIAN)

• Enhances academic cooperation by inviting distinguished international faculty and researchers to teach and collaborate with Indian institutions.

MPC Keeps Repo Rate Unchanged at 5.25%, Revises Growth Projection Downward

Why in News?

• Monetary Policy Committee (MPC) of the Reserve Bank of India unanimously decided to keep the policy repo rate under the Liquidity Adjustment Facility (LAF) unchanged at 5.25%.
• While maintaining the policy rate, the MPC revised its growth outlook downward and raised its inflation projections for 2026–27.

Growth Outlook for 2026–27

1. Revised GDP Projection

• Real GDP growth for FY 2026–27 is projected at 6.6%, lower than the earlier estimate of 6.9%.

2. Quarter-wise Growth Estimates

• Q1: 6.6%, Q2: 6.3%, Q3: 6.5%, Q4: 6.8%

3. Implication

• The downward revision reflects concerns regarding external uncertainties and emerging global economic risks.

Inflation Outlook

1. Revised CPI Inflation Forecast

• Consumer Price Index (CPI)-based inflation is projected at 5.1% for FY 2026–27.
• This is 50 basis points higher than the previous forecast.

2. Quarter-wise Inflation Estimates

• Q1: 4.2%, Q2: 5.1%, Q3: 5.9%, Q4: 5.4%

3. Implication

• Inflation is expected to remain within the RBI’s tolerance band but is likely to witness upward pressure during the second half of the year.

What is the Repo Rate?

• The repo rate is the interest rate at which the RBI provides short-term funds to commercial banks against eligible securities.
• It serves as the RBI’s primary monetary policy instrument for managing Liquidity, Inflation, Economic growth.

Impact of a Lower Repo Rate

1. Cheaper Borrowing for Banks

• Banks can access funds from the RBI at lower costs.

2. Lower Lending Rates

• Borrowing becomes more affordable for businesses and households.

3. Economic Stimulus

• Encourages Investment, Consumption, Credit growth, Economic activity.

4. Higher Liquidity

• Increases money supply within the economy.

Monetary Policy Committee (MPC)

The MPC is a statutory body constituted under the Reserve Bank of India Act, 1934, following amendments introduced in 2016.

Primary Responsibility: Determining the benchmark policy rate to maintain price stability while supporting economic growth.

1. Composition

(a) RBI Representatives (3)

• RBI Governor (Chairperson)
• Deputy Governor in charge of monetary policy
• One RBI-nominated official

(b) Government-Nominated Members (3)

• Independent external experts appointed by the Government of India.

(c) Functioning

• Meets at least four times annually (typically every two months).
• Decisions are taken by majority vote.
• Each member has one vote.
• In case of a tie, the RBI Governor exercises a casting vote.

Flexible Inflation Targeting Framework (FITF)

• India adopted the Flexible Inflation Targeting Framework in 2016.
• The Government, in consultation with the RBI, sets the inflation target every five years.
• CPI Inflation: 4%
• Tolerance Band: ±2%
• Acceptable Range: 2%–6%
• Current mandate remains in force until 31 March 2026.

Monetary Policy Instruments of RBI

• Repo Rate: Rate at which RBI lends funds to banks.
• Reverse Repo Rate: Rate at which RBI absorbs surplus liquidity from banks.
• Cash Reserve Ratio: Portion of deposits banks must maintain with RBI as cash reserves.
• Statutory Liquidity Ratio: Share of deposits maintained in liquid assets such as government securities, cash, or gold.
• Open Market Operations: Purchase or sale of government securities to regulate liquidity.
• Marginal Standing Facility: Emergency borrowing window for banks at a higher rate.
• Liquidity Adjustment Facility: Framework facilitating repo and reverse repo operations.
• Market Stabilisation Scheme: Instrument used to absorb excess liquidity through government securities.

Reasons Behind the MPC’s Decision

1. Geopolitical Uncertainty

• West Asia Tensions: Escalating geopolitical tensions have increased uncertainty in global financial and commodity markets.
• Potential Risks: Disruptions in energy supplies, Increased crude oil prices, Volatility in capital flows.

2. Supply-Side Inflationary Pressures

• Commodity and Energy Markets: Supply disruptions are contributing to inflationary pressures despite stable domestic demand conditions.

3. Inflation Within the Target Band

• Controlled Price Levels: Retail inflation remains within the RBI’s prescribed tolerance range of 2–6%.
• Core Inflation Stability: Underlying inflationary pressures remain relatively contained.

4. Positive Impact of Trade Agreements

• Recent Trade Partnerships: India has entered into trade agreements with United States, European Union, Oman, New Zealand.
• Expected Benefits: Increased exports, Higher investment inflows, Greater economic resilience, Stronger medium-term growth prospects.

Impact on the Indian Economy

• Borrowers and Households: Stable interest rates reduce uncertainty for Home loan borrowers, Consumers, Middle-income households.
• Investment and Credit Growth
• Predictable Business Environment: Unchanged rates support investment planning and business expansion.
• Credit Availability: Maintains favourable conditions for lending and borrowing.
• Macroeconomic Stability
• Policy Credibility: Reinforces confidence in India's monetary policy framework.
• Institutional Strength: Demonstrates RBI’s commitment to balancing growth and inflation objectives.

India Registers 7.7% GDP Growth in FY 2025–26

Why in News?

• The Ministry of Statistics and Programme Implementation (MoSPI) has released the Provisional Estimates of Gross Domestic Product (GDP) for FY 2025–26.
• India's economy recorded a 7.7% growth rate, surpassing both the earlier estimate of 7.6% and the 7.1% growth achieved in FY 2024–25.

Key Highlights of GDP Performance in FY 2025–26

1. Manufacturing-Led Growth

(a) Strong Industrial Expansion

• The manufacturing sector emerged as a major growth driver, recording an impressive 10.7% growth during FY 2025–26.

(b) Significance

• Reflects improved industrial output, enhanced production capacity, and stronger domestic demand.
• Indicates the positive impact of infrastructure development and policy reforms on industrial activity.

2. Robust Growth in the Services Sector

(a) High-Performing Service Activities

• The broad services segment comprising Trade, Repair services, Hotels and hospitality, Transport, Communication, Broadcasting, Storage and logistics, grew by 11% during the year.

(b) Significance

• Demonstrates the continued importance of the services sector as a key contributor to India's economic growth.

3. Consumption-Driven Economic Expansion

(a) Private Final Consumption Expenditure (PFCE)

• PFCE, which measures household spending on goods and services, grew by 7.7%.

(b) Implications

• Indicates resilient consumer demand.
• Reflects rising purchasing power and confidence among households.
• Supports broad-based economic expansion across multiple sectors.

4. Increase in Investment Activity

(a) Gross Fixed Capital Formation (GFCF)

• GFCF, a key indicator of capital investment and asset creation, expanded by 8.2%.

(b) Importance

• Signals higher investment in Infrastructure, Machinery, Equipment, Productive assets.
• Strengthens long-term growth potential and productive capacity of the economy.

Factors Supporting India's Growth Performance

1. Structural Economic Reforms

• Improved Business Environment: Ongoing reforms have enhanced Productivity, Ease of doing business, Economic efficiency.
• Outcome: Strengthened industrial competitiveness and investment attractiveness.

2. Strong Domestic Demand

• Consumption as a Growth Engine: Rising household expenditure supported demand across manufacturing and services sectors.
• Domestic-Led Expansion: Economic growth remained primarily driven by internal demand rather than external market conditions.

3. Government Capital Expenditure Push

• Infrastructure Development: Public investment in infrastructure continued to stimulate economic activity.
• Multiplier Effects: Increased capital expenditure generated positive spillovers across Manufacturing, Construction, Logistics, Services sectors.

Understanding Gross Domestic Product (GDP)

• Gross Domestic Product (GDP) represents the total monetary value of all final goods and services produced within a country's domestic territory during a specified period, typically a quarter or a year.
• GDP estimates are compiled and released by the National Statistical Office (NSO) under the Ministry of Statistics and Programme Implementation (MoSPI).
• The current GDP series uses 2022–23 as the base year.

Methods of GDP Calculation

1. Expenditure Approach

• Concept: Measures GDP by summing all expenditures on final goods and services.
• Components: Private consumption, Government expenditure, Investment, Net exports.

2. Income Approach

• Concept: Calculates GDP by aggregating incomes earned by factors of production.
• Includes: Wages and salaries, Profits, Rent, Interest income.

3. Production (Value-Added) Approach

• Concept: Measures GDP by calculating the value added at each stage of production across different sectors.
• Advantage: Avoids double counting by considering only incremental value creation.

Significance of the Growth Performance

1. Economic Resilience

• Sustained growth above 7% highlights the resilience of the Indian economy amid evolving global economic conditions.

2. Investment Momentum

• Strong GFCF growth indicates continued confidence among investors and businesses.

3. Employment Generation

• Expansion in manufacturing and services sectors has the potential to create significant employment opportunities.

4. Foundation for Long-Term Growth

• Higher investment, infrastructure development, and structural reforms strengthen future growth prospects.

India Exempts Foreign Investors from Taxes on Government Bond Investments

Why in News?

• The Government of India has removed capital gains tax and withholding tax on investments in government securities made by Foreign Institutional Investors (FIIs) and Foreign Portfolio Investors (FPIs).
• The new tax regime is effective from 1 April 2026 and is aimed at boosting foreign participation in India's sovereign debt market.

Key Provisions of the New Tax Framework

Foreign investors will no longer be required to pay:

• Long-Term Capital Gains (LTCG) Tax: Exemption from the 12.5% tax on profits arising from the sale of government securities held for more than 12 months.
• Short-Term Capital Gains (STCG) Tax: Exemption from the 30% tax on profits from government securities held for 12 months or less.
• Withholding Tax on Interest Income: Interest earned on government bonds by eligible foreign investors will no longer be subject to tax deduction at source.

Eligible Beneficiaries

• Foreign Institutional Investors (FIIs),
• Foreign Portfolio Investors (FPIs),
• Bank for International Settlements (BIS).

Objectives Behind the Decision

1. Attracting Foreign Capital

Enhancing Debt Market Participation

• Tax exemptions are expected to improve the attractiveness of Indian government securities for global investors.
• Greater foreign participation can deepen and diversify India's bond market.

2. Strengthening External Sector Stability

• Supporting Capital Inflows: The measure seeks to encourage sustained foreign investment amid relatively subdued global capital flows.
• Addressing Balance of Payments Pressures: Higher inflows into government securities can help finance external sector requirements and mitigate potential Balance of Payments (BoP) pressures.

3. Supporting the Indian Rupee

Foreign Exchange Availability: Increased capital inflows can augment foreign exchange reserves and support currency stability.

Reduced External Vulnerability: A stronger inflow of long-term capital may help cushion the economy against external financial shocks.

4. Improving Bond Market Competitiveness

Global Alignment: The move aligns India's sovereign debt market with international practices where many countries provide preferential tax treatment to attract foreign investors.

Lower Investment Costs: Elimination of taxes improves post-tax returns, making Indian government bonds more competitive relative to other emerging-market debt instruments.

Key Economic Concepts

1. Long-Term Capital Gains (LTCG) Tax

• Meaning: Tax imposed on profits earned from selling an asset after holding it for a specified minimum period.
• For Government Securities: Applied to gains from securities held for more than 12 months.

2. Short-Term Capital Gains (STCG) Tax

• Meaning: Tax levied on profits from the sale of assets held for a shorter duration.
• For Government Securities: Applied when securities are sold within 12 months of acquisition.

3. Withholding Tax

• Meaning: Tax deducted at source before income is paid to a non-resident investor.
• In Bond Markets: Typically applies to interest income earned from government or corporate debt instruments.

Potential Benefits for India

1. Deepening the Government Securities Market

• Broader investor participation can improve market liquidity and efficiency.

2. Reducing Borrowing Costs

• Higher demand for government bonds may help moderate borrowing costs over time.

3. Enhancing Financial Market Integration

• Encourages greater integration of India's financial markets with global capital markets.

4. Strengthening Investor Confidence

• Signals policy commitment towards creating a more investor-friendly regulatory environment.

Surha Tal Declared India’s 100th Ramsar Site

Why in News?

• The Jai Prakash Narayan Bird Sanctuary (Surha Tal) in Uttar Pradesh has been designated as India’s 100th Ramsar Site, marking a significant milestone in the country’s wetland conservation efforts.

About Surha Tal (Jai Prakash Narayan Bird Sanctuary)

• Situated in Ballia District in eastern Uttar Pradesh.
• Located within the fertile Indo-Gangetic Plain.
• Lies near the confluence of the Ganga River and Ghaghara River.
• The Jai Prakash Narayan Bird Sanctuary was established in 1991 to conserve the region's rich wetland ecosystem and avifaunal diversity.
• The sanctuary is centred around Surha Tal, a natural perennial oxbow lake.
• The lake was formed due to the changing course of the Ganga River, which left behind a crescent-shaped water body.

Ramsar Convention on Wetlands

• The Ramsar Convention is an international treaty dedicated to the conservation and sustainable use of wetlands.
• Signed in 1971 in Ramsar.
• Entered into force in 1975.
• India became a contracting party to the convention on 1 February 1982.
• The country has steadily expanded its network of internationally important wetlands.

All Set with 8 June Current Affairs? Let’s Quiz!

• Essential for Exams: The Current Affairs of 8 June 2026 cover topics that are often asked in competitive exams.
• Boosts Your Knowledge: Helps you stay informed about the latest events and updates.
• Improves Accuracy: Daily practice with Current Affairs of 8 June 2026 improves your speed and accuracy in exams.
• Quick Revision: Acts as a daily revision tool for upcoming exams.
• Saves Time: You don’t need to search multiple sources; everything is here in one place!
• Helps in Interviews: Being updated with Current Affairs of 8 June 2026 gives you confidence for personal interviews and group discussions.

Why is 8 June 2026 Current Affairs Important for You?

• Read Properly: Go through the 8 June 2026 Current Affairs to stay updated.
• Make Notes: Summarize key points and important updates in your own words.
• Link with Syllabus: Identify topics relevant to your exam and connect them with your syllabus.
• Practice Daily Quizzes: Test your knowledge by taking daily quizzes based on 8 June 2026 Current  Affairs.
• Revise Often: Review the updates multiple times to boost your recall and confidence.
• Discuss with Peers: Join discussions and share insights to deepen your understanding.

Get Daily Updates and Stay Ahead!

Law Prep Tutorial is committed to giving you the best daily current affairs updates to help you excel in various exams. Our platform is trusted by thousands of toppers for timely, accurate, and concise updates that matter most for your exams. Explore our dedicated sections below: