Current Affairs 24 June 2026

India Tops Global Ship Recycling Rankings, According to UNCTAD.

• India became the world’s No. 1 ship recycling nation in 2025.
• Achieved 35.4% global market share in ship recycling.
• Ship recycling volume increased to 2.99 million Gross Tons (GT).
• 115 ship recycling yards achieved compliance with the Hong Kong International Convention (HKC).
• India aims to increase capacity to 9 million LDT through Alang Ship Recycling Yard, Gujarat.
• Growth supported by the Recycling of Ships Act, 2019 and Maritime India Vision 2030.

Zerodha Fund House Introduces India’s 1st Target-Date Life Cycle Funds.

• Launched India’s first Target-Date Life Cycle Fund series on 19 June 2026.
• Introduced two schemes:
• Zerodha Life Cycle Fund 2036 – 10-year maturity horizon.
• Zerodha Life Cycle Fund 2041 – 15-year maturity horizon.
• Minimum Investment: ₹100.
• Fund Manager: Kedarnath Mirajkar.
• Funds follow a dynamic asset allocation strategy, shifting from equity to safer assets as the target date approaches.
• Invests in equity, government securities, gold, silver, and arbitrage strategies.

Meghalaya Inaugurates Northeast’s Biggest Organic Spice Unit.

• Union Finance Minister Nirmala Sitharaman inaugurated Northeast India’s largest organic spice processing unit.
• The unit is located in Ri-Bhoi district, Meghalaya.
• Developed with an investment of ₹32 crore.
• It can process over 10,000 metric tonnes of organic spices annually.
• It is the first organically certified spice processing unit in Northeast India.
• The unit focuses on Lakadong turmeric, ginger, black pepper, and chilli.
• It will benefit around 5,500 organic farmers across Meghalaya and the Northeast.
• The project was established with support from MOVCDNER, MIDH, and IFAD.

Uttar Pradesh Gets India’s First Private Hybrid 2G Ethanol Project.

• the Ministry of Petroleum and Natural Gas approved India’s first private-sector Hybrid 2G Ethanol Project.
• The project will be set up in Uttar Pradesh.
• It received ₹150 crore financial assistance under the PM JI-VAN Yojana.
• The biorefinery will produce 91 KLPD (kilolitres per day) of sustainable ethanol.
• It will use sugarcane bagasse and other agricultural residues as feedstock.
• The project aims to promote 2G ethanol production and support India’s E20 ethanol blending target.

Ladakh Inaugurates India’s First High-Altitude Floriculture Parks in Leh.

• Ladakh LG Vinai Kumar Saxena laid the foundation stone for India’s first high-altitude floriculture parks.
• The parks are being developed at Choglamsar and Stakna in Leh district.
• The Choglamsar park will cover 92,687 sq. metres and act as a model floriculture centre.
• The Stakna project will cover 1.02 lakh sq. metres for scientific flower cultivation.
• The Stakna project will cover 1.02 lakh sq. metres for scientific flower cultivation.
• The projects will receive technical support from CSIR-IHBT, Palampur.
• The parks will cultivate ornamental flowers like Lilium, Gladiolus, and Tulips.
• Local farmers will be trained and involved through cooperatives for commercial floriculture.