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Daily Current Affairs

June 24, 2026 • 10 Key Topics

Archive:
01
Economy

Government Announces 2% Stake Sale in IRFC via OFS

The Government of India launched an Offer for Sale (OFS) to divest up to 2% of its equity (about 26.14 crore shares) in the Indian Railway Finance Corporation (IRFC), with the floor price fixed at ₹91 per share.

  • The OFS opens on 24 June 2026 for non-retail investors and on 25 June 2026 for retail investors.
  • The sale supports the government’s disinvestment strategy and helps comply with SEBI’s minimum public shareholding norm.
  • IRFC is the dedicated financing arm (a Navratna PSU) of the Indian Railways.

Exam Context: GS-3 (Economy). High-yield: OFS mechanism, disinvestment, and SEBI’s minimum public shareholding requirement.

02
Economy

IFC Pledges $371 Million to Sify for AI-Ready Data Centres

The International Finance Corporation (IFC), the private-sector arm of the World Bank Group, committed $371 million (about ₹3,100 crore) to Sify Infinit Spaces Limited to build AI-ready data centres in India.

  • New “next-gen”, energy-efficient data centres will come up in Navi Mumbai and Chennai with a combined capacity of about 103 MW.
  • The facilities will follow IGBC Platinum green-building standards to support high-compute AI workloads sustainably.
  • IFC is the member of the World Bank Group that lends to the private sector.

Exam Context: GS-3 (Economy / Sci-Tech). Remember: IFC = private-sector lending arm of the World Bank Group.

03
Economy

Bitcoin Slips Below $63,000 Amid Geopolitical Tensions

Bitcoin fell to roughly $62,576 (about a 2% decline) as global geopolitical and macroeconomic factors triggered a broad crypto sell-off.

  • Stalled US–Iran talks on a ceasefire and oil-export waivers added uncertainty to global markets.
  • A wider pullback in technology stocks (including AI chipmakers) dragged down risk assets, including crypto.
  • EU regulators are tightening enforcement under the MiCA (Markets in Crypto-Assets) framework against unlicensed exchanges.

Exam Context: GS-3 (Economy). High-yield: the MiCA framework is the EU’s crypto-asset regulation.

04
Polity

Tushar Mehta Reappointed Solicitor General of India

The Appointments Committee of the Cabinet (ACC) approved the reappointment of Tushar Mehta as Solicitor General of India for a fresh three-year term effective 1 July 2026.

  • The Solicitor General is the second-highest law officer of India, assisting the Attorney General.
  • The Attorney General is a constitutional post under Article 76; the Solicitor General and Additional Solicitors General are statutory law officers.

Exam Context: GS-2 (Polity). High-yield: AG (Article 76) vs Solicitor General; appointments by the ACC.

05
Defence

US Approves $230 Million Package for India’s M777 Howitzers

The United States approved a $230 million sustainment package for the M777A2 ultra-light howitzers used by the Indian Army.

  • The deal keeps these artillery guns operationally ready in high-altitude regions.
  • The M777 is a towed, ultra-lightweight 155 mm howitzer that can be airlifted by helicopter.

Exam Context: GS-3 (Defence). Remember the M777 as an ultra-light 155 mm howitzer deployed in high-altitude areas.

06
IR

US and Iran Agree on a 60-Day Roadmap

The US and Iran agreed to a 60-day roadmap toward a potential final agreement, with the US issuing a temporary sanctions waiver letting Iran sell crude oil and petrochemicals until 21 August 2026.

  • The interim pact has immediate implications for global crude-oil prices.
  • It eases pressure around the Strait of Hormuz, a critical oil-shipping chokepoint near Iran.

Exam Context: GS-2 (IR). Link to oil markets and the Strait of Hormuz chokepoint.

07
Sports

India Wins Gold in Women’s 4x100m Relay

India’s women’s 4x100m relay team won Gold at the Asian Relays Championships in Shangyu, China, clocking a season-best 43.85 seconds.

  • The team comprised Srabani Nanda, Sneha Shanuvalli, Sudeshna Shivankar and Tamanna.
  • The championships were held in Shangyu, China.

Exam Context: Sports GK. Remember the venue (Shangyu, China) and the event (Asian Relays Championships).

08
Sci-Tech

Infosys Expands Deal with GlobalFoundries

Infosys announced a multi-year expansion of its collaboration with GlobalFoundries, a leading semiconductor manufacturer, to provide AI-led managed services.

  • Infosys will help transform the chipmaker’s enterprise IT operations.
  • The deal deepens Indian IT’s role in the global semiconductor value chain.

Exam Context: GS-3 (Economy / Sci-Tech). Useful for IT-sector and semiconductor-value-chain awareness.

09
Awards

Sudarsan Pattnaik Wins Golden Sand Master Cup

Indian sand artist Sudarsan Pattnaik won the Golden Sand Master Cup at the International Sand Sculpture Championship in Russia — the first Indian to win the title.

  • His winning sculpture highlighted the theme of climate change.
  • Pattnaik, from Odisha, is a Padma Shri awardee known for international sand-art honours.

Exam Context: Awards / Persons in News. Remember: first Indian to win the Golden Sand Master Cup.

10
IR

UK Prime Minister Keir Starmer Resigns

British Prime Minister Keir Starmer announced his resignation, triggering a leadership contest within the Labour Party.

  • The development adds political uncertainty in the United Kingdom.
  • It carries implications for European geopolitics and trade relations.

Exam Context: GS-2 (IR) and Banking/SSC “Persons in News”.

Prelims Quick-Revision Facts

IRFC OFS
Economy

Government is selling up to 2% (~26.14 crore shares) in IRFC via OFS at a floor price of ₹91 per share.

IFC–Sify
Economy

IFC (World Bank’s private-sector arm) pledged $371 million for AI-ready data centres in Navi Mumbai and Chennai (~103 MW).

Solicitor General
Polity

Tushar Mehta reappointed Solicitor General of India for a 3-year term from 1 July 2026 (approved by the ACC).

Golden Sand Master Cup
Awards

Sudarsan Pattnaik became the first Indian to win the Golden Sand Master Cup (in Russia).

Asian Relays Gold
Sports

India won Gold in the women’s 4x100m relay at the Asian Relays Championships, Shangyu (China), in 43.85s.

Test Yourself on Today's Affairs

Attempt 10 MCQs based on the June 24, 2026 edition.