THE PRODUCER PRICE INDEX (PPI)
The Producer Price Index (PPI) is a family of economic metrics that measures the average change over time in selling prices received by domestic producers for their output. It is primarily used as a key indicator of wholesale inflation and an early warning sign for consumer-level price changes
INDIGENOUS RUDRAM-II AIR-TO-SURFACE MISSILE
The Defence Research and Development Organisation (DRDO) and the Indian Air Force (IAF) have successfully conducted flight-tests of the indigenous RudraM-II air-to-surface missile, marking a significant milestone in India’s efforts to strengthen its precision strike capabilities and advance self-reliance in defence technology.
INDIA’S EQUITY MARKETS
india’s equity markets slipped to seventh place in terms of market capitalisation on tuesday (june 2, 2026) as heavy foreign selling, weak earnings growth and limited exposure to ai-linked stocks allowed south korea’s chip-heavy market to overtake it.
THE VARADARAJASWAMY TEMPLE
The Varadarajaswamy Temple (or Varadharaja Perumal Temple) is a magnificent 23-acre, 1,000-plus-year-old Hindu temple in Kanchipuram, Tamil Nadu. Dedicated to Lord Vishnu (as Varadaraja)
PERUMAL VARADARAJULU NAIDU
Perumal Varadarajulu Naidu (4 June 1887 – 23 July 1957) was an Indian physician, politician, journalist and Indian independence activist.He was also the founder of The Indian Express,
THE YELLOW-THROATED MARTEN (MARTES FLAVIGULA)
- The yellow-throated marten (Martes flavigula) is a marten species native to the Himalayas, Southeast and East Asia. Its coat is bright yellow-golden, and its head and back are distinctly darker, blending together black, white, golden-yellow and brown.
- It is an omnivore,
- being capable of making jumps up to 8–9 m (26–30 ft) between branches.
- is a diurnal hunter,
- listed as least concern on the IUCN Red List
- Kaziranga records first yellow-throated marten
NITI AAYOG’S FRONTIER TECH HUB
NITI Aayog’s Frontier Tech Hub released a report last week that had two main messages: first, that India faces steep challenges in developing world-class semiconductor manufacturing capabilities, and second, that national interest necessitated pursuing this field doggedly regardless of those difficulties.
HIGH-POWERED COMMITTEE HEADED BY KANCHAN DEVI
The Supreme Court has constituted a high-powered committee headed by Kanchan Devi to re-examine the definition, delineation, and ecological status of the Aravalli hill range. Devi is the Director General of the Indian Council of Forestry Research and Education (ICFRE). The panel has been directed to submit its comprehensive scientific report by August 31, 2026
FOOD PLANET PRIZE
The Andhra Pradesh Community Managed Natural Farming (APCNF) programme, implemented by Rythu Sadhikara Samstha, has won the Food Planet Prize 2026, worth $1.5 million, for leading one of the world’s largest transitions to natural farming. The award was presented in Bastad, Sweden, on Tuesday (June 2, 2026).
THE CURT BERGFORS FOOD PLANET PRIZE
- The Curt Bergfors Food Planet Prize is the world’s largest environmental award, with the 2026 prize awarding 1.5 million USD to the winner and 150,000 USD to each finalist.
- Because nothing we do impacts the environment more negatively than the way we eat, the Prize can only go to projects within the food system.
REFINED PETROLEUM PRODUCTS FELL
India’s exports of refined petroleum products fell to about 930,000 barrels per day (bpd) in May, their lowest level since October 2022, as refinery maintenance, changing production priorities and stronger domestic demand curtailed overseas shipments.
ATF PRICE STABILISATION FUND
The Union Cabinet approved one-time budgetary support of ten thousand crore rupees for Oil Marketing Companies to provide ATF price stabilisation support to Indian Airlines for their domestic and international operations.
THE BHAVANISAGAR RESERVOIR
The Bhavanisagar Reservoir, located in Tamil Nadu’s Erode district, is the second-largest reservoir in the state and the second-biggest earthen dam in the world. Constructed across the Bhavani River
SOUTHWEST MONSOON (JUNE TO SEPTEMBER)
- The southwest monsoon is India’s main rainy season and a lifeline for the country’s economy and
- ecology. It supports farming, fills rivers and lakes, and recharges groundwater. About 75 per cent of
- India’s total rainfall comes during this season, making it essential for irrigation, drinking water, and
- even electricity generation through hydropower.
- The district recorded a total rainfall of 130.40 mm [coimbatore]
GIGACHAT
GigaChat is a generative artificial intelligence chatbot developed by the Russian financial services corporation Sberbank. It was launched in a closed testing mode in April 2023 and is positioned as a Russian alternative to ChatGPT.