Daily Current Affairs for CAT, XAT & MBA GDPI – June 19, 2026
Indian Economy & Policy
Despite West Asia crisis, net direct tax mopup grows 15% to Rs 5.2 lakh crore
India's direct tax collections have seen a significant rise of over 14 percent. This growth is driven by strong advance tax payments from corporations. This indicates robust corporate earnings and a positive business outlook for the current fiscal year. Market activity also remains high, contributing to tax revenues. The collections have resumed their growth path, overcoming previous year's disruptions.
India initiates sustainability certification framework for exports to meet EU, UK compliance norms
India is creating new sustainability certification standards for its export products. This initiative aims to boost the competitiveness of Indian goods in international markets. Developed nations are increasingly demanding proof of sustainability. The commerce and industry ministry is gathering information from various export sectors. This move will help Indian businesses meet global regulations and strengthen trade ties.
Indian Politics & Governance
Kerala Revised Budget 2026-27 LIVE: Chief Minister V.D. Satheesan presenting new UDF govt's first Budget
The Budget is being keenly watched to see whether it includes any of the five Indira Guarantees promised by the UDF during the Assembly election campaign
Monsoon tracker LIVE | India facing 41% rainfall deficit as southwest monsoon stalls over Maharashtra
IMD's region-wise departure rainfall map shows that rainfall deficits in central India, east and northeast India, the southern peninsula, and northwest India stand at 67%, 42%, 22%, and 6%, respectively
Geopolitics (India Focus)

Trump defends Iran deal from critics he calls 'fools'
These fools, who think I haven't been tough enough on Iran, when the Stock Market Just Hit A RECORD HIGH, and Oil prices are 'tumbling' down, are either jealous, bad people, or stupid, says U.S. President Donald Trump
Chinese Foreign Minister Wang Yi to attend BRICS NSAs meeting in Delhi
Indian Consul General pitches investment opportunities to Chinese business leaders in Shanghai
Indian Stock Market & IPOs
The AGM challenge: Mukesh Ambani seeks fresh RIL momentum after Rs 1.5 lakh crore wealth wipeout
Reliance Industries Chairman Mukesh Ambani faces shareholder scrutiny at the AGM following a Rs 1.5 lakh crore market cap decline. Investors seek clarity on Jio IPO timelines, AI monetization, and new energy ventures, anticipating fresh triggers to revive stock sentiment amidst steady earnings growth.
ETMarkets PMS Talk | Dinshaw Irani of Helios India stays away from IT, doubles down on domestic consumption amid AI disruption
Helios India is steering clear of IT stocks, citing AI's disruptive potential, and instead champions India's domestic consumption. The firm's confidence stems from favourable demographics, rising aspirations, and the growth of new-age businesses. This strategy, rooted in an 'Elimination Investment' philosophy, prioritizes sectors with structural tailwinds and quality management, positioning for robust future growth.
Marketing, Brands & Consumer Trends

Centre to raise ₹13,000 cr via OFS in three state-run banks
The government plans to raise around ₹13,000 crore through an offer for sale in Punjab & Sind Bank, UCO Bank and Indian Overseas Bank to meet the minimum public shareholding norms prescribed by the Securities and Exchange Board of India

SBI spent ₹986 crore on printing & stationery in FY25, but IDFC First burnt 8% of profit! How other banks compare
Financial year 2025 cost disclosures by Groww on printing and stationery revealed that large Indian banks spent hundreds of crores on forms, chequebooks, passbooks, statements and other paper-linked requirements.
Sports (Business & Governance)
Manika Batra seeks Union Sports Minister’s intervention for Asian Games exclusion
The World No. 51, who has also written to the Table Tennis Federation of India (TTFI), the Sports Ministry, the IOA and the Sports Authority of India (SAI), said no specific reason had been communicated to her for being left out of the squad

First Indian-origin scorer, Mario Miranda and Big Foot museum of Loutolim