CA Foundation June 2026 Exam: Last Month Current Affairs Compilation & Most Likely Topics

<h2>CA Foundation June 2026 Exam: Current Affairs You Must Know</h2>

<p>Dear CA Foundation aspirants, you are just one month away from your June 2026 exam. While technical knowledge is important, current affairs are equally crucial for <strong>Business Laws</strong>, <strong>Economics</strong>, and <strong>Business Environment</strong> sections. Let me walk you through the most important current affairs topics that examiners love to ask.</p>

<h3>1. Union Budget 2026 & Tax Changes</h3>

<p>The Union Budget 2026 (presented in February) brought several changes that are directly relevant to your CA Foundation syllabus:</p>

<ul>

<li><strong>Direct Tax Changes:</strong> Changes in Income Tax slabs and Section 80C limits are important. Remember the basic exemption limit for different age groups of individuals.</li>

<li><strong>GST Updates:</strong> Any modifications to GST rates on essential commodities, e-commerce rules, or IGST provisions should be noted. These fall under <strong>Goods and Services Tax Act, 2017</strong> — a key topic in your Business Laws paper.</li>

<li><strong>Corporate Tax:</strong> Latest corporate tax rates and any changes to Section 15 of the Income Tax Act, 1961.</li>

</ul>

<p><strong>What to Remember:</strong> Focus on how these changes impact businesses and individuals. The exam may ask you to identify which section of Income Tax Act covers a particular tax scenario.</p>

<h3>2. RBI's Monetary Policy & Banking Regulations (May 2026)</h3>

<p>The Reserve Bank of India's recent monetary policy decisions in April-May 2026 are critical:</p>

<ul>

<li><strong>Repo Rate & CRR:</strong> Current repo rate status and how it affects inflation. This connects to your Business Environment section.</li>

<li><strong>Banking Regulation Act Updates:</strong> Any new RBI guidelines on digital banking, cyber security, or PMLA (Prevention of Money Laundering Act, 2002) compliance.</li>

<li><strong>Inflation Trends:</strong> Current Consumer Price Index (CPI) and Wholesale Price Index (WPI) data — important for Economics questions.</li>

</ul>

<p><strong>What to Remember:</strong> Know the difference between Repo Rate, Reverse Repo Rate, and CRR. These are commonly asked. Also understand how RBI's rate changes impact lending rates and business expansion.</p>

<h3>3. Corporate Governance & SEBI Guidelines</h3>

<p>Recent developments in corporate governance are exam-hot topics:</p>

<ul>

<li><strong>Listed Company Requirements:</strong> SEBI's latest requirements on Independent Directors, Board Committees, and Audit Committee under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.</li>

<li><strong>CSR (Corporate Social Responsibility):</strong> Section 135 of Companies Act, 2013 — recent updates on CSR spending and which companies are required to comply.</li>

<li><strong>Whistleblower Policy:</strong> SEBI's Vigil Mechanism rules for listed companies.</li>

</ul>

<p><strong>What to Remember:</strong> The exam may ask who is responsible for CSR reporting, what percentage of profits must be spent, or which companies are exempted. These are direct questions from your Business Laws paper.</p>

<h3>4. Companies Act, 2013 — Recent Notifications</h3>

<p>Any recent amendments or clarifications from the Ministry of Corporate Affairs:</p>

<ul>

<li><strong>Minimum Directors:</strong> Number of directors required for private/public companies.</li>

<li><strong>Registered Valuers:</strong> Recent ICAI/IBBI rules on valuation of company assets.</li>

<li><strong>IBC (Insolvency and Bankruptcy Code), 2016:</strong> Latest updates on insolvency timelines and creditor priorities.</li>

</ul>

<h3>5. Environmental & Climate Policy Updates</h3>

<p>India's green initiatives are increasingly important for Business Environment questions:</p>

<ul>

<li>National Action Plan on Climate Change targets</li>

<li>Carbon Neutral India commitment (Net Zero by 2070)</li>

<li>Environmental Protection Act provisions</li>

</ul>

<h3>6. International Trade & Economic Relations</h3>

<p>Recent trade agreements and India's economic position:</p>

<ul>

<li>India's GDP growth rate (latest Q4 FY2025-26 data)</li>

<li>Forex reserves status and rupee strength</li>

<li>India's trade deficit/surplus position</li>

<li>Trade agreements with BRICS, ASEAN countries</li>

</ul>

<h3>How to Prepare in Your Last Month</h3>

<p><strong>Action Plan for Next 30 Days:</strong></p>

<ul>

<li>Read one ICAI news bulletin every week (available on icai.org)</li>

<li>Note down any policy changes with their Act/Section numbers</li>

<li>Create flashcards with Budget figures and RBI rates</li>

<li>Practice MCQs based on these current affairs topics using ICAI study material</li>

<li>Connect current affairs to theory — understand the 'why', not just 'what'</li>

</ul>

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<h3>Sample Exam-Style MCQ Questions</h3>

<p><strong>Question 1:</strong> As per Section 135 of the Companies Act, 2013, a company must spend at least what percentage of average net profit of the preceding three financial years on Corporate Social Responsibility activities?</p>

<ul>

<li>A) 1%</li>

<li>B) 2%</li>

<li>C) 3%</li>

<li>D) 5%</li>

</ul>

<p><strong>Answer:</strong> B) 2% (Remember: This applies only to companies with net worth ≥ ₹500 crore, turnover ≥ ₹1000 crore, or net profit ≥ ₹5 crore)</p>

<p><strong>Question 2:</strong> Which of the following is NOT a function of the Reserve Bank of India under the current monetary policy framework (2026)?</p>

<ul>

<li>A) Setting the Repo Rate</li>

<li>B) Regulating Banks under Banking Regulation Act, 1949</li>

<li>C) Direct taxation of individuals</li>

<li>D) Managing Foreign Exchange reserves</li>

</ul>

<p><strong>Answer:</strong> C) Direct taxation of individuals (This is the function of Income Tax Department, not RBI)</p>

<p><strong>Question 3:</strong> In May 2026, the current repo rate set by RBI is approximately _____. (Fill in based on latest RBI announcement)</p>

<ul>

<li>A) 5.5%</li>

<li>B) 6.0%</li>

<li>C) 6.5%</li>

<li>D) 7.0%</li>

</ul>

<p><strong>Answer:</strong> Check latest RBI official website for current rate — this type of factual question is common</p>

<h3>Final Word</h3>

<p>Current affairs don't require you to memorize everything. Focus on understanding <strong>how policies affect businesses and the economy</strong>. Connect every current event to a specific section of an Act or an economic principle. This approach will help you answer even unexpected questions confidently.</p>

<p>Best wishes for your CA Foundation June 2026 exam! Remember: <strong>Stay informed, stay focused, stay successful!</strong></p>