Daily Current Affairs- 7th June 2026

Daily Current Affairs- 7th June 2026

Right to Protest  (CJP)

In the News: The Cockroach Janta Party, a youth-led satirical protest movement, held its first street protest at Jantar Mantar in New Delhi. Students and young participants joined the demonstration over examination paper leaks, recruitment irregularities and education-sector accountability. The protest also brought attention to the constitutional right to peaceful protest and the limits that authorities may impose for public order.

Key Points:

• CJP Debut Protest: The Cockroach Janta Party held its first major street protest in New Delhi’s designated protest zone near Parliament. The gathering was led by founder Abhijeet Dipke after his return to India. Protesters used masks, slogans and satire to highlight student concerns over exam leaks and administrative accountability.
• Student Participation: Students and youth groups formed a major part of the protest. Their concerns centred on paper leaks, grading errors, recruitment scams and the pressure created by competitive examinations. The movement has gained visibility because it connects online mobilisation with on-ground student participation.
• Main Demand: CJP demanded accountability from the Union Education Ministry over repeated examination-related failures. The group called for the resignation or removal of Union Education Minister Dharmendra Pradhan. After the debut protest, CJP indicated that it may organise wider nationwide protests if its demand is not met.
• Right to Protest: The right to protest in India flows from Article 19(1)(a), which protects freedom of speech and expression, and Article 19(1)(b), which protects peaceful and unarmed assembly. This right is subject to reasonable restrictions under Article 19(2) and Article 19(3), including public order, sovereignty and security concerns.

South Asian University

In the News: South Asian University came into focus as a spotlight topic linked with admissions for the 2026-27 academic session. The university is based in New Delhi and was established as a regional centre of excellence for students and researchers from South Asia. SAUET for the session was conducted on April 25-26, 2026, and the direct-mode admission deadline was extended to June 15, 2026.

Key Points:

• About South Asian University: South Asian University is an international university established by the member nations of the South Asian Association for Regional Cooperation. The SAARC member countries are Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan and Sri Lanka. Afghanistan’s SAARC membership has, however, been practically frozen since the Taliban takeover in August 2021.
• Origin and Establishment: The idea of South Asian University was proposed at the 13th SAARC Summit held in Dhaka in 2005. The agreement for establishing the university was signed during the 14th SAARC Summit in New Delhi in 2007. The university opened its doors to students in August 2010.
• Location and Campus: South Asian University is located at Maidan Garhi in New Delhi. The university shifted to its permanent residential campus in February 2023 after earlier functioning from temporary campuses. Its location in India gives New Delhi an important role in SAARC-linked higher education cooperation.
• Academic Focus: The university offers undergraduate, postgraduate and doctoral programmes across multiple disciplines. Its academic areas include economics, computer science, biotechnology, mathematics, sociology, international relations, law, management, climate change and related fields.
• Degree Recognition and SAARC Context: Degrees and certificates awarded by South Asian University are recognised in SAARC member states under the SAU agreement. India’s University Grants Commission also recognises SAU degrees. The university remains important even though the broader SAARC framework has been largely dormant since the 18th SAARC Summit in 2014.

PM-EAC (Economic Advisory Council)

In the News: The Economic Advisory Council to the Prime Minister came into focus after Prime Minister Narendra Modi held a meeting with the Council to discuss India’s growth strategy and the impact of global economic uncertainty. The discussion covered economic reforms, investment climate, ease of doing business and India’s preparedness amid external shocks. The Council acts as an expert advisory body for economic and related policy matters.

Key Points:

• About PM-EAC: The Economic Advisory Council to the Prime Minister is an independent body constituted to advise the Government of India, specifically the Prime Minister. It provides inputs on economic and related issues. The Council supports evidence-based policymaking through research, analysis and expert consultation.
• Current Composition: The EAC-PM is chaired by Prof. S. Mahendra Dev. It has a Chairman, three full-time members and eleven part-time members. Full-time members include Sanjeev Sanyal, Sanjay Kumar Mishra and Dr Shamika Ravi.
• Main Functions: The Council analyses economic trends, policy challenges and development priorities. It can examine any issue referred to it by the Prime Minister and may also take up important economic matters on its own for policy advice.
• Policy Relevance: PM-EAC’s work is linked with macroeconomic policy, employment, investment, growth, fiscal issues, welfare, reforms and long-term development planning. It gives expert inputs that help the Prime Minister assess domestic and global economic conditions.

IPO (Initial Public Offering)

In the News: IPOs came into focus after reports that SpaceX is preparing one of the world’s largest public listings. The company is reportedly targeting a $75 billion fundraise at a valuation of about $1.75 trillion. The development has drawn attention to capital markets, public share sales, investor participation and the financial scrutiny companies face before listing.

Key Points:

• Meaning of IPO: An Initial Public Offering is the process through which a private company offers its shares to the public for the first time. After an IPO, the company becomes publicly listed on a stock exchange. It allows investors to buy shares and become part-owners of the company.
• Why Companies Launch IPOs: Companies use IPOs to raise capital for expansion, debt repayment, technology investment, acquisitions or business diversification. In the SpaceX case, the proposed IPO is linked with raising large funds for ambitious projects, including satellite expansion and artificial intelligence-linked infrastructure.
• SpaceX IPO Context: SpaceX is reportedly planning to list on Nasdaq under the ticker symbol SPCX. The company is seeking a large public issue at a very high valuation. Its financial disclosures have attracted scrutiny because Starlink is profitable, while other segments, including AI-related operations, have reported heavy losses.
• How IPO Pricing Works: In an IPO, companies and investment banks decide the offer price or price band based on valuation, demand, financial performance and market conditions. Investors apply for shares before listing, but allotment depends on demand and category-wise allocation. After listing, shares trade freely in the secondary market.
• Investor Risk: IPO investment carries market risk because listing price may rise or fall after trading begins. Investors examine revenue, profit, debt, governance, future growth and valuation before applying. A high-profile IPO may attract strong demand, but strong demand alone does not guarantee long-term returns.

Kaziranga National Park and Raptors

In the News: Kaziranga National Park and Tiger Reserve in Assam has emerged as a major avian hotspot after a new survey recorded significant diversity of raptors and storks. The survey was conducted by KNPTR Director Sonali Ghosh with 10 expert enumerators in late February and early March 2026. The report was released on World Environment Day, June 5, highlighting Kaziranga’s importance beyond one-horned rhinoceros conservation.

Key Points:

• Survey Findings: The survey documented 30 raptor species with 217 individual birds and six stork species with 266 individual birds. The findings strengthen Kaziranga’s position as an important habitat for birds of prey, storks and wetland-dependent species in the Brahmaputra floodplain ecosystem.
• Raptor Diversity: Kaziranga now hosts a large share of India’s raptor diversity, with about 50 raptor species recorded in the park and adjoining landscape. Raptors include birds of prey such as eagles, falcons, vultures, buzzards and owls. Their presence indicates a strong predator-prey balance and healthy habitat quality.
• Important Species Recorded: Notable species recorded include globally threatened Slender-billed Vulture, Red-headed Vulture, Greater Adjutant, Lesser Adjutant, Pallas’s Fish Eagle and Black-necked Stork. These species are important because many of them are linked with threatened wetland, grassland and scavenger-bird conservation.
• Stork Habitat: Kaziranga supports six of India’s eight stork species, showing the importance of its wetlands, tall trees and floodplain ecosystem. Among storks, the Asian Openbill was the most common and the Greater Adjutant was among the rarest. Storks depend on wetland habitats for feeding, nesting and breeding.
• Pallas’s Fish Eagle Breeding Site: Kaziranga is an important global breeding site for Pallas’s Fish Eagle. The Wildlife Institute of India recorded 10 active nests of the species in 2020. This makes the park significant for protecting nesting habitats, wetland prey base and large riverine bird species.
• About Kaziranga: Kaziranga National Park is located in Assam and is a UNESCO World Heritage Site. It is one of the last major undisturbed natural areas in the Brahmaputra Valley floodplain. The park is known for the world’s largest population of the Indian one-horned rhinoceros and also supports tigers, elephants, wild water buffalo, swamp deer and thousands of birds.