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

<h2>CA Foundation June 2026 Exam: Last Month Current Affairs Compilation</h2>

<p>If you're sitting for the CA Foundation exam in June 2026, current affairs is one section where you can score quick marks. The Institute of Chartered Accountants of India (ICAI) loves asking questions about recent economic policies, government announcements, and business developments. Let me walk you through what you absolutely need to know.</p>

<h3>1. India's Economic Performance & Budget 2026</h3>

<p>The Union Budget 2026-27 presented in February 2026 is a hot topic. Here's what matters for your CA Foundation exam:</p>

<ul>

<li><strong>GST Collections:</strong> Monitor recent GST revenue figures. As of April 2026, GST collections have been consistently above ₹1.5 lakh crore monthly, showing India's tax base is growing.</li>

<li><strong>Direct Tax:</strong> The government has continued its focus on direct tax compliance. Know about the increased TDS/TCS provisions and their impact on businesses.</li>

<li><strong>Inflation Control:</strong> RBI has maintained repo rate at 6.5% (as of May 2026) to control inflation. Understand how interest rates affect business decisions.</li>

</ul>

<p><strong>For Your Exam:</strong> Connect this to the Taxation (Unit 4 of Paper 3) and Economics modules. Questions like "What was India's inflation rate in Q4 FY 2025-26?" or "How does RBI's monetary policy affect credit availability?" are very likely.</p>

<h3>2. Corporate Insolvency & Bankruptcy Code Updates</h3>

<p>The Insolvency and Bankruptcy Code (IBC), 2016 continues to evolve. Recent amendments focus on:</p>

<ul>

<li><strong>Faster Resolution:</strong> The average resolution time has been reduced to under 400 days (from the original 270 days target).</li>

<li><strong>Two-Tier Tribunal System:</strong> Recent amendments have strengthened NCLT and NCLAT functioning across different benches in India.</li>

<li><strong>Creditor Protection:</strong> New provisions protect unsecured creditors better, which affects corporate funding strategies.</li>

</ul>

<p><strong>For Your Exam:</strong> This directly connects to Paper 4 (Business Laws). Expect questions like "Under IBC 2016, what is the timeline for Corporate Insolvency Resolution Process (CIRP)?" or scenario-based questions about creditor rights.</p>

<h3>3. Digital Payments & RBI Regulations</h3>

<p>India's digital payment ecosystem has exploded. As of May 2026:</p>

<ul>

<li>UPI transactions crossed 10 billion monthly transactions</li>

<li>RBI issued new guidelines on digital lending and fintech regulations</li>

<li>Central Bank Digital Currency (CBDC) pilot phase is expanding across Indian states</li>

</ul>

<p><strong>For Your Exam:</strong> Connect this to Banking Regulation Act and RBI's role (Paper 2 - Business Environment). Know the difference between UPI, NEFT, RTGS, and how digital payments impact financial inclusion.</p>

<h3>4. Stock Market & Securities Laws</h3>

<p>Recent SEBI circulars and market movements matter:</p>

<ul>

<li><strong>SEBI Guidelines on MFs:</strong> New disclosure requirements for mutual funds came into effect in March 2026.</li>

<li><strong>IPO Activity:</strong> India saw 40+ IPOs in FY 2025-26, the highest in 5 years. This shows investor confidence.</li>

<li><strong>Insider Trading Crackdown:</strong> SEBI imposed penalties on 15+ companies for insider trading violations in the past quarter.</li>

</ul>

<p><strong>For Your Exam:</strong> This is crucial for Paper 3 (Securities Laws). Be ready for questions like "What are the penalties under SEBI Act for insider trading?" or "What is the process of IPO under Securities Exchange Board of India Act, 1992?"</p>

<h3>5. Foreign Direct Investment (FDI) Trends</h3>

<p>India's FDI story is impressive:</p>

<ul>

<li>FDI inflows reached $85 billion in FY 2024-25 (up from $75 billion previous year)</li>

<li>Top sectors: IT, manufacturing, and renewable energy</li>

<li>Government's Production-Linked Incentive (PLI) scheme is attracting global manufacturers</li>

</ul>

<p><strong>For Your Exam:</strong> This connects to Economics and Business Environment. Questions might ask about India's current account deficit, exchange rate impact on FDI, or benefits of FDI to the economy.</p>

<h3>6. Environmental, Social & Governance (ESG) Compliance</h3>

<p>New ESG reporting standards became mandatory for listed companies in March 2026:</p>

<ul>

<li>All BSE and NSE listed companies must disclose ESG metrics</li>

<li>Scope 3 emissions reporting is now required for large corporates</li>

<li>CSR spending continues under Section 135 of Companies Act, 2013</li>

</ul>

<p><strong>For Your Exam:</strong> Know about CSR provisions, environmental regulations, and how companies report on non-financial metrics.</p>

<h3>What Exactly Should You Do?</h3>

<p><strong>Your 30-Day Action Plan:</strong></p>

<ul>

<li>Read 1-2 business news articles daily from The Economic Times or Business Today</li>

<li>Follow ICAI's announcements and RBI press releases</li>

<li>Solve 5 previous year MCQs on current affairs daily</li>

<li>Make a 1-page "current affairs cheat sheet" with key numbers, dates, and policy names</li>

<li>Practice connecting current affairs to your actual syllabus topics (as shown above)</li>

</ul>

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<h2>Sample MCQ Questions for CA Foundation Exam</h2>

<p><strong>Question 1:</strong> As per recent RBI data (May 2026), what is the current repo rate maintained by RBI to control inflation in India?</p>

<ul>

<li>A) 6.0%</li>

<li>B) 6.5% ✓</li>

<li>C) 7.0%</li>

<li>D) 5.5%</li>

</ul>

<p><strong>Question 2:</strong> Which recent SEBI regulation became mandatory for all listed companies effective March 2026?</p>

<ul>

<li>A) ESG Disclosure Standards ✓</li>

<li>B) Only Financial Audits</li>

<li>C) Quarterly Profit Sharing</li>

<li>D) Daily Trading Limits</li>

</ul>

<p><strong>Question 3:</strong> Under the Insolvency and Bankruptcy Code, 2016, what is the current target timeline for Corporate Insolvency Resolution Process (CIRP)?</p>

<ul>

<li>A) 180 days</li>

<li>B) 270 days</li>

<li>C) 400 days ✓</li>

<li>D) 600 days</li>

</ul>

<p><strong>Pro Tip for Exam Day:</strong> Current affairs questions are usually scenario-based or asked as "Which of the following is correct?" type MCQs. Always connect the current fact to a legal provision or economic principle you've studied. Don't just memorize numbers—understand the "why" behind each policy.</p>