CA Foundation June 2026 Exam: Last-Minute Current Affairs You Must Know

<h2>CA Foundation June 2026 Exam: Current Affairs Compilation You Can't Miss</h2>

<p>Hello future CAs! The June 2026 CA Foundation exam is just around the corner, and current affairs questions are guaranteed to appear in your papers. Unlike rote learning, these questions test your understanding of real-world business, economics, and law. Let me break down the most important current affairs topics you should focus on in your final month of preparation.</p>

<h3>1. Union Budget 2026 & Tax Changes (Economics + Business Law)</h3>

<p>The Union Budget 2026 (presented in February 2026) introduced several key changes that CA Foundation students must know:</p>

<ul>

<li><strong>Corporate Tax Updates:</strong> Any changes to Section 15 (Computation of Income) of the Income Tax Act, 1961 must be noted. The government may have adjusted tax slabs or deductions.</li>

<li><strong>GST Rationalization:</strong> Monitor recent GST rate changes on essential commodities. Under the Central Goods and Services Tax Act, 2017, understanding GST classifications is crucial for your Business Law module.</li>

<li><strong>Direct Benefit Transfer (DBT):</strong> The government's push for digital payments connects to your Accounts chapter on cash vs. accrual accounting.</li>

</ul>

<p><strong>What to Remember:</strong> The Budget 2026 figures, any new tax slabs, and changes to Section 80C deductions. Check ICAI's official updates if they've released budget-specific study materials.</p>

<h3>2. RBI Monetary Policy & Banking Sector (Accounting & Economics)</h3>

<p>The Reserve Bank of India's monetary policy decisions (repo rate, reverse repo rate) in 2025-2026 are exam-worthy:</p>

<ul>

<li><strong>Repo Rate Changes:</strong> These affect loan interest rates and inflation. Understand the inverse relationship between RBI policy rates and economic growth.</li>

<li><strong>Digital Payment Growth:</strong> UPI transactions crossed ₹100 lakh crore in 2025. This relates to your module on Financial Instruments and Digital India initiatives.</li>

<li><strong>Banking Regulation Act, 1949:</strong> Any recent amendments to banking oversight or deposit insurance (DICGC coverage limits) are potential exam topics.</li>

</ul>

<p><strong>What to Remember:</strong> Current repo rate, any recent rate hikes/cuts, and the RBI's inflation target (4% ±2%). Connect this to how interest rates affect accounting entries in your company's financial statements.</p>

<h3>3. Corporate Governance & Insolvency News (Business Law + Accounting)</h3>

<p>India's insolvency landscape has evolved significantly:</p>

<ul>

<li><strong>Insolvency and Bankruptcy Code (IBC), 2016:</strong> Recent amendments, especially regarding individual insolvency and resolution timelines, may appear in MCQs.</li>

<li><strong>Corporate Governance Standards:</strong> SEBI's latest circular on board diversity, independent directors, and audit committee composition (Section 177, Companies Act, 2013) could feature in your exam.</li>

<li><strong>Whistleblower Protection:</strong> Any new SEBI guidelines on internal complaints mechanism relate to your Business Law section.</li>

</ul>

<p><strong>What to Remember:</strong> The 180-day timeline for IBC resolution, the role of the National Company Law Tribunal (NCLT), and key corporate governance provisions under the Companies Act, 2013.</p>

<h3>4. Environmental & Sustainability Regulations (Business Law + Economics)</h3>

<p>India's commitment to ESG (Environmental, Social, Governance) standards is increasing:</p>

<ul>

<li><strong>Business Responsibility and Sustainability Reporting (BRSR):</strong> SEBI made BRSR mandatory for top 1,000 listed companies. Understand the 9 ESG principles.</li>

<li><strong>Carbon Neutrality Goals:</strong> India's commitment to net-zero emissions by 2070 affects corporate compliance under the Environmental Protection Act, 1986.</li>

<li><strong>Plastic Ban & Waste Management:</strong> Amendments to the Plastic Waste Management Rules, 2016 may appear as case-based questions.</li>

</ul>

<p><strong>What to Remember:</strong> BRSR's 9 principles, the companies required to file BRSR (top 1,000 by market cap), and basic environmental compliance concepts.</p>

<h3>5. Foreign Direct Investment (FDI) & International Trade (Economics)</h3>

<p>Recent FDI trends and trade agreements are exam-relevant:</p>

<ul>

<li><strong>FDI Inflows:</strong> India attracted over $70 billion in FDI in 2025. Understand how FDI affects GDP and foreign exchange reserves.</li>

<li><strong>International Agreements:</strong> India's participation in trade blocs and agreements connects to your International Trade module.</li>

</ul>

<h3>How to Study These Topics in Your Last Month</h3>

<p><strong>Week 1:</strong> Read Business Law updates from ICAI's website. Focus on IBC, Companies Act amendments, and SEBI circulars.<br/><strong>Week 2:</strong> Study Union Budget 2026 tax changes and RBI's current monetary stance. Connect them to your Accounts module.<br/><strong>Week 3:</strong> Review ESG/BRSR and environmental regulations. Write 1-2 answers on each topic.<br/><strong>Week 4:</strong> Solve previous year papers with current affairs focus. Identify patterns in how questions are asked.</p>

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<h2>Practice MCQs: Test Your Current Affairs Knowledge</h2>

<h3>Question 1:</h3>

<p><strong>India's top 1,000 listed companies by market capitalization must file which SEBI reporting framework for sustainability and governance?</strong><br/>A) Annual Report under Section 134, Companies Act, 2013<br/>B) Business Responsibility and Sustainability Reporting (BRSR)<br/>C) Quarterly financial statements under Regulation 33, SEBI (LODR) Regulations, 2015<br/>D) None of the above<br/><br/><strong>Answer: B</strong> — BRSR is mandatory for top 1,000 companies and covers 9 ESG principles.</p>

<h3>Question 2:</h3>

<p><strong>Under the Insolvency and Bankruptcy Code, 2016, what is the standard timeline for completing the insolvency resolution process?</strong><br/>A) 90 days<br/>B) 120 days<br/>C) 180 days<br/>D) 240 days<br/><br/><strong>Answer: C</strong> — The default timeline is 180 days, extendable by 90 days with NCLT approval.</p>

<h3>Question 3:</h3>

<p><strong>The RBI's monetary policy is primarily aimed at controlling which of the following?</strong><br/>A) Government spending and budgetary allocation<br/>B) Inflation and managing money supply<br/>C) Direct taxation only<br/>D) Import-export duties<br/><br/><strong>Answer: B</strong> — RBI's repo rate and monetary policy decisions directly influence inflation and liquidity in the economy.</p>

<h2>Final Tips for Your June Exam</h2>

<p>Don't try to memorize every news article. Instead, focus on <strong>understanding how current events relate to CA Foundation concepts</strong>. Connect Budget 2026 to Income Tax chapters, RBI policy to Accounting entries, and corporate scandals to Companies Act provisions. This approach not only helps you answer current affairs MCQs but also strengthens your foundational knowledge.</p>

<p>Your CA journey starts with this exam. Make every study hour count!</p>