Here are the top current affairs—selected from today’s most relevant national and international updates:
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?? India: Locomotive Export to Guinea
Prime Minister Narendra Modi flagged off India’s first domestically manufactured locomotive export to the Republic of Guinea, from Marhowrah rail factory in Bihar—a major stride for “Make in India” in heavy engineering .
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?? RBI Cuts Repo Rate by 50 bps
In a surprise move, RBI's Monetary Policy Committee reduced the repo rate by 50 basis points (to 5.50 %) and eased reserve ratio requirements to stimulate growth amid easing inflation (2.82% in May) .
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? Air India Flight AI171 Crash Inquiry
Following the June 12 crash of IA 171 near Ahmedabad, Air India has scaled back international widebody flights by 15% until mid-July. The government decided to decode the black boxes in India unless foreign capacity is needed. A final accident report is expected within a year .
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? Global Currency Volatility
Currency markets remain unstable due to geopolitical turbulence, divergent central bank policies, and speculative trading—implications that may affect global trade, including India’s foreign exchange strategy .
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? DRDO to Boost Indigenous Defence Capabilities
DRDO chief Dr. Samir V. Kamat announced ongoing development efforts including hypersonic missiles, next-gen BrahMos variants, air defence systems, and preparations for a 5th-generation fighter—significant for India’s strategic autonomy .
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? Vatican-Backed Report Advocates for Debt Reform
A recent Vatican commission report urges global financial reform to prevent debt crises in the world’s poorest nations. It recommends debt suspensions, creditor reform laws, and better investment models for sustainable development .
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? Summary Perspective
These updates mark important shifts:
Economic: RBI’s aggressive rate cut and global currency jitter reflect monetary uncertainty.
Industrial: Export of heavy locomotives signals “Make in India” strength.
