With the help of Cosmology Large Angular Scale Surveyor (CLASS) telescope, located high in the Atacama Desert of Chile, scientists have captured a faint 13-billion-year-old microwave signal from the Cosmic Dawn.

• This research provides new insights into how the first stars influenced the early universe.

About Cosmic Dawn

• Cosmic Dawn refers to the period roughly between 50 million and one billion years after the Big Bang. 
• This is the time when the first stars, black holes, and galaxies are believed to have formed.

Power Finance Corporation (PFC) has withdrawn its zero-coupon bond issuance.

About Zero-Coupon Bond 

• Also known as discount bonds.
• They do not pay interest to the holder.
• They are purchased at a deep discount to face value, but they're repaid at full face value or par at maturity.
• They are more sensitive to interest rate changes than bonds that pay interest on a periodic basis.

Government approves procurement of summer Moong under PSS for summer crop season.

• Government is implementing integrated scheme Pradhan Mantri Annadata Aay Sanrakshan Abhiyan (PM-AASHA), which encompasses PSS, Price Deficiency Payment Scheme (PDPS), Market Intervention Scheme (MIS), andPrice Stabilisation Fund (PSF).
• The Department of Agriculture & Farmers’ Welfare (DA&FW) implements PSS, PDPS and MIS whereas the Department of Consumer Affairs implements PSF.

About PSS:

• Notified Pulses, Oilseeds and Copra are procured at the Minimum Support Price (MSP) directly from the pre-registered farmers by the Central Nodal Agencies (CNAs) (through the State level agencies) given they conform to the prescribed Fair Average Quality (FAQ).
• Aim: To provide the remunerative price to the farmers.

RBI bond buyback has seen strong demand recently.

What is RBI Bond Buyback?

• A bond buyback is when the RBI purchases government securities (G-Secs) from banks before maturity.

Objectives:

• Infuses liquidity into the banking system:  Especially when credit growth needs a push.
• Reduce Gross Borrowing: By retiring high-cost or short-term bonds early.

India's first agentic AI, Kruti, launched by Krutrim, can book cabs, pay bills, and perform other tasks. 

About Agentic AI

• It refers to AI systems that can autonomously make decisions, take actions and adapt to changing environments.
• It ingests vast amounts of data from multiple data sources and third-party applications to analyse challenges, develop strategies, and execute tasks independently.
• It can enable companies to deliver higher value through a 'service-as-a-software' shift from 'software-as-a-service'.

June 12 marked the 120th anniversary of the establishment of the Servants of India Society (SIS).

About Servants of India Society

• Genesis: Founded in 1905 in Pune (Maharashtra) 
• Founders: Gopal Krishna Gokhale with G.K. Devadhar, A.V. Patwardhan, and N.A. Dravid.
  • Mahatma Gandhi regarded Gokhale as his mentor and was a member of SIS.
• Mission: To train young Indias to serve the nation by becoming selfless and dedicated servants of the people.
• Objectives: Promote Education, encourage social service, foster civic engagement.
• Nature: The organisation was non-political and non-sectarian.

PASSEX, a joint naval exercise between the Navies of India and theUK, is being held in the northern Arabian Sea.

During Ahmadabad-London Air India Airplane crash, the Air Traffic Control (ATC) received a Mayday call from pilots minutes after takeoff.

About Mayday Call:

• The word 'Mayday' was coined in the early 1920s by Frederick Stanley Mockford, a radio officer in London.
• It is the phonetic equivalent of the French phrase m’aider (“help me”). 
• It became part of international radio communication for pilots and mariners by 1923, and was formally adopted in 1927 alongside the Morse “SOS”.
• First flight use (1923): Croydon-Le Bourget flights began using “Mayday.”
• Aviation standard (1927): The International Radiotelegraph Convention formalised it.
• Meaning: When a pilot says “Mayday, Mayday, Mayday”, they’re declaring a life-threatening emergency requiring immediate help.