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One Liners 06-06-2026
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Polity & Governance
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BRICS Meeting Inauguration
Recently, Enforcement Directorate (ED) hosted the inaugural BRICS expert network meeting on asset recovery under India's 2026 presidency.
- ED Director - emphasized asset recovery as vital to fighting financial crime, urging strict alignment with FATF guidelines.
- India's Prevention of Money Laundering Act (PMLA), 2002 Track Record - Under the PMLA, India successfully attached and froze assets worth approximately $25 billion.
- Victim Restitution Efforts - ED highlighted its return of $6.6 billion in recovered assets to victims and legitimate claimants.
- Global Operational Challenges - Delegates deliberated on mutual operational hurdles and welcomed a standard template for informal information sharing.
- Future Physical Summit - BRICS members agreed to organize an upcoming physical meeting in India to deepen cooperation.
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International Relations and Issues
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Financial Action Task Force (FATF)
The FATF is the global policy-making and standard-setting body to combat money laundering, terrorist financing, and proliferation financing.
- Establishment – 1989 by the G7 Summit in Paris.
- Headquarters – Paris, France (hosted by the OECD).
- Membership – 40 members, including India, China, the US, and the EU. India has been a full member since 2010.
- FATF uses two public documents to hold non-compliant jurisdictions accountable:
- Grey List (Increased monitoring) – means the country has committed to resolve swiftly the identified strategic deficiencies within agreed timeframes.
- Blacklist (serious strategic deficiencies) – calls for application of enhanced due diligence and counter measures (North Korea, Myanmar, Iran in this list).
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Economy
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GDP growth estimated at 7.7% in 2025-26
The recent government estimates suggest that there will be increase in GDP growth in 2025-2026.
- India’s gross domestic product (GDP) - growth has been estimated at 7.7% in 2025-26, compared with 7.1% in the previous financial year of 2024-25.
- GDP growth in the fourth quarter of 2025-26 stood at 7.8%.
- Provisional estimates - of GDP growth in 2025-26 are slightly higher than the 7.6% growth estimated in February 2026, as per the data.
- Significance – growth projections reflect the inherent strength of our economy, the success of reforms.
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India's fuel exports fall to lowest since 2022
Recently India's exports of refined petroleum products fell to lowest level since October 2022.
- A key factor for decline – planned maintenance at Reliance Industries' Jamnagar refining complex.
- This complex is India's largest refinery and a major exporter of refined fuels.
- Other reasons – adjusted product yields to increase production of liquefied petroleum gas (LPG) for the domestic market.
- Reduced output of petrol and diesel by an estimated 80,000 bpd.
- The shift underscores – how refinery maintenance, evolving fuel demand patterns and policy considerations are reshaping India's refined product trade flows.
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Natural gas presence in third exploratory well in Andaman offshore block
Recently the Oil India confirmed the presence of natural gas in the third exploratory well it drilled
- Location – Vijayapuram-3, in the Andaman shallow offshore block.
- Initial production testing – at the depth of 1,900 plus meters in the Eocene formation has established the presence of natural gas through continuous flaring.
- Significance – help India in taking forward our exploration ambitions.
- Integrates India with global deepwater exploration experts like Petrobras, TotalEnergies, BP India, Shell and ExxonMobil.
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Agriculture
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Millets
These are drought-resistant crops, naturally resilient, require less water, and can perform well in marginal environments where other crops may struggle.
- India is the world’s largest producer of millets with a share of 42.75% of world’s production (FAO, 2023).
- These are also known as ‘nutritious cereals’.
- Indian millets are nutritionally superior to wheat and rice due to their richness in protein, vitamins, and minerals.
- Top producing states in India – Rajasthan is the largest producer among all states, followed by Uttar Pradesh, Karnataka, and Maharashtra.
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Screw Pine or kewra cultivation
"Wild boars in Odisha are destroying rice fields, so farmers have recently switched to growing kewra instead."
About Screw Pine
- Screw Pine or kewra or kewda plant (pandanus odorifer) is a small branched tree or shrub.
- It is a common species of the family Pandanaceae.
- It is a monocot, more closely related to grasses and palms than to conifers.
- It grows naturally in tropical coastal environments.
- It prefers loamy soil that is rich in organic matter and retains moisture well.
- Purpose - Kewra (screw pine) is cultivated for its highly aromatic flowers, which are distilled into prized essential oils and fragrant water.
- These extracts are widely used to flavor traditional dishes and scent perfumes, cosmetics, and soaps.
- Crop Protection - Additionally, its tough, spiny nature makes it an excellent crop for preventing wild boar damage.
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Science
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Flex-fuel vehicles (FFVs)
India has recently launched E85 fuel, a high-ethanol blend designed for flex-fuel vehicles recently.
- FFVs - are alternative fuel cars with internal combustion engines modified to run on varying blends of petrol and ethanol (ranging from E20, E85, to pure E100).
- Dual-Fuel capability – They run on conventional petrol, pure ethanol, or any blend of the two, using the exact same fuel tank and engine.
- Smart sensors – An ethanol sensor automatically detects the fuel blend, allowing the engine control unit (ECU) to dynamically adjust fuel injection and spark timing for optimal performance.
- Hardware upgrades – Because pure ethanol is corrosive and absorbs moisture, FFVs are built with reinforced, ethanol-compatible fuel systems, upgraded fuel pumps, and larger fuel injectors
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Miscellaneous
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World Environment Day
Recently the World Environment Day 2026 was observed globally on June 5, 2026, in Azerbaijan (Baku).
- Led by – UN Environment Programme (UNEP), the event rallied international communities around urgent climate action to mitigate global warming.
- Date – June 5, 2026
- Theme – "Inspired by Nature. For Climate. For Our Future."
- Official Campaign Hashtag – #NowForClimate
- Established - in 1972.
- First Observed – in 1973
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