In Current Affairs for 03 June 2026, we will see the latest national and international current affairs news. These important current affairs will be beneficial for your upcoming NDA, CDS, CDS OTA, AFCAT, TA, Agniveer Army, Agniveer Navy, Agniveer Air Force, Women Military Police, INET, MNS, ACC exams, SCO, PCSL, CAPF, and SSB interviews, and direct entries for Army, Navy, and Air Force like SSC Tech, TGC, JAG, NCC, TES, 10+2 Cadet. Download a PDF file about current events at the end of this article. Let us now see the Current Affairs.
Current Affairs 03 June 2026
World Bicycle Day 2026
World Bicycle Day is observed every year on 3 June to highlight the importance of bicycles as a simple, affordable, and environmentally friendly means of transportation. The day encourages people around the world to adopt cycling as a sustainable lifestyle choice that promotes health, reduces pollution, and supports greener cities.
The United Nations recognizes World Bicycle Day as an international observance that celebrates the bicycle as a reliable, clean, and accessible mode of transport. With increasing concerns about climate change and urban congestion, cycling has emerged as an effective solution for creating healthier and more sustainable communities.
Theme of World Bicycle Day 2026
“Cycling for a Greener Future”
The theme emphasizes the role of bicycles in reducing carbon emissions, improving public health, and addressing environmental challenges. It encourages governments and citizens alike to invest in cycling infrastructure and embrace eco-friendly transportation alternatives.
Key Facts
- Celebrated annually on 3 June.
- Recognized by the United Nations.
- Promotes sustainable and affordable transportation.
- Encourages healthy lifestyles and environmental conservation.
- Supports efforts to reduce traffic congestion and air pollution.
Centre Approves ₹10,021 Crore Under PMAY-G
The Central Government has approved ₹10,021.42 crore as the first installment under the Pradhan Mantri Awas Yojana-Gramin (PMAY-G) for the financial year 2026–27. The approval is a significant step toward achieving the government’s vision of “Housing for All” by March 2029.
PMAY-G is a flagship rural housing programme implemented by the Ministry of Rural Development. The scheme provides financial assistance to eligible rural households for constructing durable pucca houses with basic amenities.
The latest allocation will benefit twelve states: Assam, Chhattisgarh, Gujarat, Haryana, Himachal Pradesh, Jharkhand, Karnataka, Kerala, Punjab, Rajasthan, Tamil Nadu, and Uttar Pradesh. Earlier, an additional ₹11,121 crore had already been sanctioned for the current financial year.
Progress Under PMAY-G
- Total target: 4.95 crore rural houses
- Houses approved: 3.91 crore
- Houses completed: Over 3.05 crore (as of May 2026)
- Implemented by the Ministry of Rural Development
The Centre has also directed states to provide land to landless beneficiaries, resolve pending grievances, and ensure timely utilization of allocated funds.
Key Facts
- PMAY-G is the rural component of the Pradhan Mantri Awas Yojana.
- Focuses on providing pucca houses to eligible rural families.
- Supports the national objective of Housing for All.
- States must complete pending approvals by 30 June 2026.
India to Launch Producer Price Index (PPI) in 2026
India is set to introduce a new Producer Price Index (PPI) along with a revised Wholesale Price Index (WPI) on 15 June 2026. Both indices will use 2022–23 as the base year, and they will operate simultaneously for five years before WPI is eventually phased out.
The move is aimed at providing a more comprehensive measure of inflation by capturing price movements from the producers’ perspective. Unlike the WPI, which tracks wholesale prices of goods, the PPI measures prices received by producers and includes services and input costs.
Components of the New PPI
- Output PPI – Measures prices received by producers for their products.
- Input PPI – Tracks changes in production input costs.
- Service PPI – Measures inflation in selected service sectors.
The Service PPI will initially cover sectors such as:
- Banking
- Insurance
- Railways
- Telecommunications
Significance
The introduction of PPI will align India’s inflation measurement system with international practices. Organizations such as the International Monetary Fund (IMF) have recommended producer-based inflation indices for better economic analysis and policy formulation.
Key Facts
- Launch date: 15 June 2026
- Base year: 2022–23
- WPI and PPI will run together for five years.
- Service PPI covers major service sectors.
Arjun Erigaisi Enters FIDE Top 10 Rankings
Indian chess star Arjun Erigaisi has returned to the world’s elite rankings by securing the 8th position in the June 2026 ratings released by FIDE. With an ELO rating of 2761, he is currently the only Indian player in the global Top 10.
Erigaisi achieved this milestone after gaining 10 rating points through strong performances in prestigious tournaments, including the Super Chess Classic Romania, TePe Sigeman 2026, and the Sardinia World Chess Festival.
He finished runner-up at the TePe Sigeman tournament after losing a tie-break to former World Champion Magnus Carlsen.
Other Indian Players
- D Gukesh – Ranked 19th
- Viswanathan Anand – Ranked 13th
Notable Achievement
Arjun Erigaisi became only the second Indian after Viswanathan Anand to cross the prestigious 2800 ELO rating mark, achieving a peak rating of 2801 in December 2024.
Key Facts
- FIDE stands for Fédération Internationale des Échecs.
- Arjun Erigaisi is ranked 8th globally.
- Only Indian player in the FIDE Top 10 (June 2026).
Bangladesh Elected to Lead the 81st UN General Assembly
Khalilur Rahman has been elected President of the United Nations General Assembly for its 81st session. The election took place at the UN Headquarters in New York City on 2 June 2026.
Rahman secured 99 votes out of 190 ballots cast, defeating Andreas S. Kakouris, who received 91 votes.
The presidency was allocated to the Asia-Pacific Group under the UN’s regional rotation system. The 81st session of the General Assembly will commence on 8 September 2026.
Role of the UNGA President
The President of the General Assembly:
- Presides over plenary meetings.
- Oversees the agenda of the session.
- Facilitates discussions among member states.
- Represents the General Assembly in official functions.
Key Facts
- The UN General Assembly has 193 member states.
- The President serves a one-year term.
- Election is conducted through a secret ballot.
- The UN General Assembly is one of the six principal organs of the United Nations.
Exam-Oriented Takeaways
- World Bicycle Day 2026 Theme: Cycling for a Greener Future
- PMAY-G First Installment (2026–27): ₹10,021.42 crore
- PMAY-G Implementing Ministry: Ministry of Rural Development
- PPI Launch Date: 15 June 2026
- PPI Base Year: 2022–23
- Top Indian in FIDE Rankings: Arjun Erigaisi (Rank 8)
- Peak ELO of Arjun Erigaisi: 2801
- UNGA 81st Session President: Khalilur Rahman (Bangladesh)
- UNGA Member States: 193
- 81st UNGA Session Begins: 8 September 2026
Review Questions
1. World Bicycle Day is observed every year on which date?
A) 1 June
B) 2 June
C) 3 June
D) 5 June
Answer: C) 3 June
2. What is the theme of World Bicycle Day 2026?
A) Ride for Health
B) Sustainable Mobility for All
C) Cycling for a Greener Future
D) Green Transport Revolution
Answer: C) Cycling for a Greener Future
3. Which ministry implements the Pradhan Mantri Awas Yojana-Gramin (PMAY-G)?
A) Ministry of Housing and Urban Affairs
B) Ministry of Rural Development
C) Ministry of Panchayati Raj
D) Ministry of Social Justice and Empowerment
Answer: B) Ministry of Rural Development
4. How much amount was approved by the Centre as the first installment under PMAY-G for FY 2026–27?
A) ₹8,021.42 crore
B) ₹9,521.42 crore
C) ₹10,021.42 crore
D) ₹11,121.00 crore
Answer: C) ₹10,021.42 crore
5. India will launch the new Producer Price Index (PPI) series on:
A) 1 June 2026
B) 10 June 2026
C) 15 June 2026
D) 30 June 2026
Answer: C) 15 June 2026
6. What is the base year for the revised WPI and the new PPI series?
A) 2018–19
B) 2019–20
C) 2020–21
D) 2022–23
Answer: D) 2022–23
7. Which Indian chess player entered the FIDE Top 10 rankings in June 2026?
A) D Gukesh
B) R Praggnanandhaa
C) Arjun Erigaisi
D) Viswanathan Anand
Answer: C) Arjun Erigaisi
8. What was Arjun Erigaisi’s rank in the June 2026 FIDE ratings?
A) 5th
B) 8th
C) 10th
D) 13th
Answer: B) 8th
9. Who was elected President of the 81st Session of the United Nations General Assembly (UNGA)?
A) António Guterres
B) Andreas S. Kakouris
C) Khalilur Rahman
D) Philemon Yang
Answer: C) Khalilur Rahman
10. The presidency of the 81st UN General Assembly was allocated to which regional group?
A) African Group
B) Eastern European Group
C) Latin American and Caribbean Group
D) Asia-Pacific Group
Answer: D) Asia-Pacific Group
