{"id":77340,"date":"2026-06-18T22:51:09","date_gmt":"2026-06-18T17:21:09","guid":{"rendered":"https:\/\/www.nextias.com\/ca\/?p=77340"},"modified":"2026-06-18T22:53:40","modified_gmt":"2026-06-18T17:23:40","slug":"news-in-short-18-06-2026","status":"publish","type":"post","link":"https:\/\/www.nextias.com\/ca\/current-affairs\/18-06-2026\/news-in-short-18-06-2026","title":{"rendered":"News In Short 18-06-2026"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">India-Japan Adopt Rules of Implementation for Joint Crediting Mechanism under Paris Agreement<\/h2>\n\n\n\n<p><strong>Syllabus: GS2\/ IR, GS3\/ Environment<\/strong><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Context<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>India and Japan have adopted the Rules of Implementation for the Joint Crediting Mechanism (JCM) under Article 6.2 of the Paris Agreement.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>About<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The mechanism provides a framework for <strong>collaboration on mitigation projects <\/strong>that <strong>reduce or remove greenhouse gas emissions<\/strong> while supporting sustainable development in India.\u00a0<\/li>\n\n\n\n<li>It will also contribute to the achievement of the<strong> Nationally Determined Contributions (NDCs)<\/strong> of both India and Japan under the <strong>Paris Agreement.<\/strong><\/li>\n\n\n\n<li>The Rules of Implementation lay down<strong> <\/strong>governance arrangements for the mechanism, including\n<ul class=\"wp-block-list\">\n<li>The establishment of a <strong>Joint Committee<\/strong> comprising representatives of both governments,\u00a0<\/li>\n\n\n\n<li><strong>Transparent project approval procedures<\/strong>,\u00a0<\/li>\n\n\n\n<li><strong>Third-party validation<\/strong> and verification processes, sustainable development safeguards and\u00a0<\/li>\n\n\n\n<li><strong>National registries<\/strong> for tracking the issuance and transfer of carbon credits.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<p><\/p>\n\n\n\n<div class=\"wp-block-group has-background\" style=\"background-color:#fff2cc\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<p><strong>Article 6.2 of the Paris Agreement<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Article 6.2 enables countries to cooperate and <strong>trade emission reduction units (carbon credits)<\/strong> with each other to achieve their climate targets under the Paris Agreement.<\/li>\n\n\n\n<li>A host country sells units to a buyer country, in exchange for <strong>investments, support for capacity building, and access to technologies<\/strong> not available through domestic resources.\u00a0<\/li>\n\n\n\n<li>The buyer country purchases these units, known as<strong> Internationally Transferred Mitigation Outcomes (ITMOs)<\/strong>, to address any gaps in meeting its own climate goals.<\/li>\n<\/ul>\n<\/div><\/div>\n\n\n\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img data-dominant-color=\"1c3657\" data-has-transparency=\"false\" style=\"--dominant-color: #1c3657;\" loading=\"lazy\" decoding=\"async\" width=\"665\" height=\"342\" src=\"https:\/\/wp-images.nextias.com\/cdn-cgi\/image\/format=auto\/ca\/uploads\/2026\/06\/image-141.png\" alt=\"\" class=\"not-transparent wp-image-77341\" srcset=\"https:\/\/wp-images.nextias.com\/cdn-cgi\/image\/format=auto\/ca\/uploads\/2026\/06\/image-141.png 665w, https:\/\/wp-images.nextias.com\/cdn-cgi\/image\/format=auto\/ca\/uploads\/2026\/06\/image-141-300x154.png 300w\" sizes=\"auto, (max-width: 665px) 100vw, 665px\" \/><\/figure>\n<\/div>\n\n\n<p><strong>Source: <\/strong><a href=\"https:\/\/newsonair.gov.in\/india-japan-adopt-rules-of-implementation-for-joint-crediting-mechanism-under-paris-agreement\/\" rel=\"nofollow noopener\" target=\"_blank\"><strong>AIR<\/strong><\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading has-text-align-center\">RBI Allows Banks to offer Higher Interest Rates to NRIs\/PIOs to Mobilise Forex<\/h2>\n\n\n\n<p><strong>Syllabus: GS3\/Economy<\/strong><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Context<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>As per the directions of RBI<strong> interest rates on NRE\/NRO deposits<\/strong> <strong>will not be higher than those offered by the bank<\/strong> on comparable domestic rupee term deposits.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>About<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>It has decided to<strong> temporarily withdraw interest rate ceiling<\/strong> on fresh <strong>Foreign Currency Non-Resident- Bank [FCNR(B)] deposits<\/strong> of 3-5 year tenors and restriction on<strong> interest rates on Non-Resident External (NRE) deposits<\/strong> of three year and above tenors<strong> till September 30, 2026 to boost forex reserves.\u00a0<\/strong><\/li>\n\n\n\n<li><strong>Significance: <\/strong>This move will help Non Resident Indians (NRIs) and People of Indian Origin (PIOs) to avail <strong>higher interest rates from India banks to park their funds.<\/strong>\n<ul class=\"wp-block-list\">\n<li>It will help<strong> India to mobilise dollars to swell its foreign exchange reserves <\/strong>that may lend support to a depreciating rupee and help meet balance of payment obligations.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Foreign Currency Non-Resident Bank<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>A <strong>Foreign Currency Non-Resident Bank, or FCNR (B) account<\/strong>, means the deposit is held in a foreign denomination. This secures it against currency fluctuations.<\/li>\n\n\n\n<li><strong>Only NRIs\/PIOs\/OCIs <\/strong>can open an FCNR (B) account and the NRI status should be as per Foreign Exchange Management Act (FEMA) rules.<\/li>\n\n\n\n<li>Deposits are maintained in <strong>foreign currencies such as USD, GBP, EUR, JPY, AUD, CAD, etc.<\/strong><\/li>\n\n\n\n<li>It can only be a<strong> term deposit <\/strong>with maturities r<strong>anging from 1 year to 5 years.<\/strong><\/li>\n\n\n\n<li>They are <strong>intended to attract foreign currency deposits from NRIs,<\/strong> helping India strengthen its foreign exchange reserves while providing NRIs protection against currency fluctuations.<\/li>\n<\/ul>\n\n\n\n<p><strong>Source: <\/strong><a href=\"https:\/\/www.thehindu.com\/business\/Economy\/rbi-allows-banks-to-offer-higher-interest-rates-to-nrispios-to-mobilise-forex\/article71114319.ece\" target=\"_blank\" rel=\"noopener\"><strong>TH<\/strong><\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading has-text-align-center\">High Energy Medical Cyclotron Project (HEMCP) in Nagpur<\/h2>\n\n\n\n<p><strong>Syllabus: GS2\/ Health, GS3\/ Science and Technology<\/strong><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Context<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The Maharashtra Cabinet approved the establishment of the <strong>High Energy Medical Cyclotron Project (HEMCP)<\/strong> in Nagpur with an allocation of \u20b9300 crore.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>What is a Medical Cyclotron?<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>A medical cyclotron is a<strong> specialized particle accelerator<\/strong> that produces radioactive substances called <strong>radioisotopes<\/strong> for use in healthcare.\n<ul class=\"wp-block-list\">\n<li>It works by <strong>accelerating charged particles, such as protons,<\/strong> to very high speeds using electric and magnetic fields.<\/li>\n\n\n\n<li>These high-speed particles are then directed at a target material, triggering nuclear reactions that generate radioisotopes.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>The radioisotopes produced are used in:<\/strong>\n<ul class=\"wp-block-list\">\n<li>PET (Positron Emission Tomography) scans and PET-CT imaging;<\/li>\n\n\n\n<li>Various nuclear medicine diagnostic procedures;<\/li>\n\n\n\n<li>Targeted radionuclide therapies for treating diseases such as cancer.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Common medical radioisotopes<\/strong> include Fluorine-18 (F-18), Gallium-68 (Ga-68), Lutetium-177 (Lu-177) etc.<\/li>\n<\/ul>\n\n\n\n<p><strong>Source: <\/strong><a href=\"https:\/\/www.thehindu.com\/news\/national\/maharashtra\/maharashtra-govt-to-set-up-medical-cyclotron-project-in-nagpur-to-elevate-cancer-research\/article7111014\" rel=\"nofollow noopener\" target=\"_blank\"><strong>TH<\/strong><\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading has-text-align-center\">Bitumen<\/h2>\n\n\n\n<p><strong>Syllabus: GS3\/Economy<\/strong><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Context<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The recent conflict in West Asia has hit India\u2019s push to expand road <strong>infrastructure as India imports 30-40% of Bitumen.\u00a0<\/strong>\n<ul class=\"wp-block-list\">\n<li><strong>Over 99% of India\u2019s bitumen imports<\/strong> come from <strong>Iraq, UAE, Iran, Oman and Bahrain.<\/strong><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Bitumen<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Bitumen is a<strong> byproduct of crude oil, <\/strong>known for its waterproofing and adhesive properties.<\/li>\n\n\n\n<li>It is predominantly <strong>used in road construction and roofing.<\/strong><\/li>\n\n\n\n<li><strong>Canada <\/strong>has one of the largest <strong>natural deposits of bitumen<\/strong> in its oil sands, contributing significantly to global supply.\n<ul class=\"wp-block-list\">\n<li>Other deposits of <strong>bituminous sands <\/strong>can be found in the <strong>United States, Venezuela, and Russia.<\/strong><\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>It is produced in refineries to <\/strong>ensure purity, maintain consistent quality, and meet massive global construction demands at a lower cost.<\/li>\n<\/ul>\n\n\n\n<p><strong>Source: IE<\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading has-text-align-center\">The Universe\u2019s Expansion Still Accelerating: Researchers<\/h2>\n\n\n\n<p><strong>Syllabus: GS3\/Space<\/strong><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Context<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>After revisiting data involving a type of exploding star, a team of researchers says it has confirmed the notion that <strong>the universe \u200cis expanding at an accelerated rate.<\/strong>\n<ul class=\"wp-block-list\">\n<li>In the \u200b1990s, these observations led to the<strong> identification of an enigmatic cosmic force called dark energy.<\/strong><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Dark Matter and Dark Energy<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The content of the Universe is widely thought to consist of <strong>three types of substance: normal matter, dark matter and dark energy.<\/strong>\n<ul class=\"wp-block-list\">\n<li>Roughly <strong>68% of the universe is dark energy, dark matter<\/strong> makes up about <strong>27%<\/strong> and the rest everything observed adds up to <strong>less than 5% of the universe.<\/strong><\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Dark Matter: <\/strong>Unlike normal matter, dark matter <strong>does not interact with the electromagnetic force. <\/strong>This means it does not absorb, reflect or emit light, making it extremely hard to spot.\n<ul class=\"wp-block-list\">\n<li>Dark matter works like an<strong> attractive force,<\/strong> a kind of cosmic cement that<strong> holds the universe together.<\/strong> This is because dark matter <strong>does interact with gravity.<\/strong><\/li>\n\n\n\n<li>Since dark matter doesn\u2019t emit, absorb or reflect light, astronomers can <strong>only study its gravitational effect on visible matter,<\/strong> such as stars and galaxies.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Dark Energy:<\/strong> Dark energy is a <strong>repulsive force<\/strong>, a sort of anti-gravity\u00a0 that <strong>drives the universe\u2019s ever-accelerating expansion.<\/strong>\n<ul class=\"wp-block-list\">\n<li>Dark energy is the far more dominant force than Dark matter.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<p><strong>Source: <\/strong><a href=\"https:\/\/www.thehindu.com\/sci-tech\/science\/the-universes-expansion-is-still-accelerating-researchers-say\/article71112828.ece\" rel=\"nofollow noopener\" target=\"_blank\"><strong>TH<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p><strong> Context <\/strong><\/p>\n<li class=\"ms-5\">\n<p>India and Japan have adopted the Rules of Implementation for the Joint Crediting Mechanism (JCM) under Article 6.2 of the Paris Agreement.<\/p>\n<\/li>\n<p><\/p>\n<p><strong><\/p>\n<p>About<\/p>\n<p> <\/strong><\/p>\n<li class=\"ms-5\">\n<p>The mechanism provides a framework for collaboration on mitigation projects that reduce or remove greenhouse gas emissions while supporting sustainable development in India.<\/p>\n<\/li>\n<li class=\"ms-5\">\n<p>It will also contribute to the achievement of the Nationally Determined Contributions (NDCs) of both India and Japan under the Paris Agreement.<\/p>\n<\/li>\n<p><a href=\" https:\/\/www.nextias.com\/ca\/current-affairs\/18-06-2026\/news-in-short-18-06-2026 \" class=\"btn btn-primary btn-sm float-end\">Read More<\/a><\/p>\n","protected":false},"author":15,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-77340","post","type-post","status-publish","format-standard","hentry","category-current-affairs"],"acf":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/posts\/77340","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/comments?post=77340"}],"version-history":[{"count":2,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/posts\/77340\/revisions"}],"predecessor-version":[{"id":77343,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/posts\/77340\/revisions\/77343"}],"wp:attachment":[{"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/media?parent=77340"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/categories?post=77340"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/tags?post=77340"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}