02 JUNE 2025 - Daily Current Affairs Updates

Topic: Wilmington Declaration Subtopic: QUAD Coast Guard Cooperation

• Value Addition:

  • Marks first-ever coast guard-led at-sea observer mission among QUAD nations.

  • Reinforces SAGAR (Security and Growth for All in the Region) and interoperability in Indo-Pacific maritime domain.

  • Focuses on law-based order, democratic values, and territorial integrity.

• Subject Analysis:

  • GS 2: IR – Indo-Pacific strategy, multilateral cooperation (QUAD).

  • GS 3: Internal Security – Maritime governance, non-military deterrence.

Topic: Quad Initiatives (2024) Subtopic: Wilmington Declaration Outcomes

• Value Addition:

  • Quad Cancer Moonshot: Collaborative public health initiative to eliminate cervical cancer.

  • MAITRI: Maritime training to build capacity across Indo-Pacific navies.

  • Ports of the Future: Enhancing port digitisation and undersea cable infrastructure.

• Subject Analysis:

  • GS 2: IR – Strategic multilateralism and capacity building.

  • GS 3: Infrastructure and health diplomacy.

Topic: Sugamya Bharat App (Revamped) Subtopic: Digital Accessibility for Persons with Disabilities (PwDs)

• Value Addition:

  • Users can geo-tag accessibility issues; now with AI chatbot, multilingual support (10 Indian languages), and centralised feedback loop.

  • Integrates schemes and resources, making it a one-stop digital accessibility solution.

• Subject Analysis:

  • GS 2: Social Justice – Disability rights, e-governance inclusion.

  • Essay: “True inclusion begins with access.”

Topic: Emission Intensity Targets Subtopic: Compliance-Based Carbon Market in India

• Value Addition:

  • 460+ industrial units covered; non-compliance invites penalties under EPA, 1986.

  • BEE as administrator; CERC as regulator; powered by Energy Conservation Act, 2022.

  • Legalises carbon credit trade; allows voluntary offsets and rewards underperformers.

• Subject Analysis:

  • GS 3: Environment – Climate legislation, carbon pricing.

  • GS 3: Economy – Market-based emissions reduction models.

Topic: Kharai Camel Subtopic: Saline-Ecosystem-Adapted Camel of Gujarat

• Value Addition:

  • Can swim 3+ km in sea to access mangrove grazing; only camel breed globally with this trait.

  • Integral to Rabari and Fakirani Jat cultures for 400+ years.

  • Ecologically supports mangroves; milk rich in antibodies, easy to digest.

• Subject Analysis:

  • GS 3: Environment – Indigenous breeds and biodiversity.

  • GS 1: Culture – Tribal heritage and sustainable livelihoods.

Topic: 7-Point Strategy by Finance Minister Subtopic: Mobilising Private Capital for SDGs

• Value Addition:

  • Proposes reforms in domestic finance, blended funding, MDB role, credit rating standards, grassroots credit access.

  • Targets US$2.5 trillion/year development finance gap.

  • Promotes sovereign green bonds, MSME inclusion, and institutional trust.

• Subject Analysis:

  • GS 3: Economy – Development finance, investment mobilisation.

  • Essay: “Private capital for public good – rethinking sustainable development finance.”

Topic: Adamya – Indian Coast Guard Fast Patrol Vessel Subtopic: Indigenous Maritime Security Enhancement

• Value Addition:

  • 1st of 8 FPVs with indigenous CPPs, IBS, IPMS & APMS systems.

  • Armed with 30mm CRN-91 and 12.7mm RCH; integrated with fire control systems.

  • Enhances EEZ patrolling, law enforcement, SAR missions.

• Subject Analysis:

  • GS 3: Defence – Coastal security, Aatmanirbhar Bharat.

  • Prelims: Indian shipbuilding initiatives.

Topic: Mahua Tree Subtopic: Tribal Livelihood, Ecology, and Innovation

• Value Addition:

  • Tree of Life among tribals; flowers fermented into economic beverage.

  • Supports tribal women; Mahua Nutra Beverage adds pomegranate for nutrition, flavor, market value.

  • Key food for sloth bears and bats → seed dispersal + pollination.

• Subject Analysis:

  • GS 3: Environment – Forest ecology and tribal resource use.

  • GS 2: Governance – TRIFED, MFP policies.

  • Essay: “When culture tastes like survival – the story of Mahua.”

Topic: World of Debt Report 2025 (UNCTAD) Subtopic: Rising Global Sovereign Debt Crisis

• Value Addition:

  • Global debt hits $102T; 61 nations spend 10%+ revenue on interest payments.

  • Developing world debt growing 2× faster; credit cost 4× higher than US.

  • Crowds out education, health, climate spending.

• Subject Analysis:

  • GS 3: Economy – Debt trap, fiscal crisis in developing world.

  • GS 2: Global governance – International finance and equity.

Topic: Financial Stability Report (June 2025) Subtopic: RBI’s Biannual Health Check of Indian Finance

• Value Addition:

  • GNPA down to 2.3%; may rise to 2.6% by 2027 but capital buffers strong.

  • Banks and NBFCs show high resilience; food inflation outlook benign.

  • Domestic demand-led growth with systemic stability.

• Subject Analysis:

  • GS 3: Economy – Banking health, macro indicators.

  • Prelims: FSDC, GNPA trends, capital adequacy.

Topic: Altermagnets Subtopic: Emerging Magnetic Class for Next-Gen Electronics

• Value Addition:

  • Combines antiferromagnetic external silence with internal ferromagnetic strength.

  • Offers intense spin polarization without magnetic fields → ideal for spintronics.

  • Example: Chromium Antimonide (CrSb) with highest spin-splitting.

• Subject Analysis:

  • GS 3: Science & Tech – Materials innovation, quantum electronics.

  • Essay: “Magnetism without magnetism – welcome to the future of electronics.”