Daily Current Affairs – 04.04.2026

RBI Monetary Policy Outlook
- The Reserve Bank of India maintained a cautious stance amid persistent inflationary pressures.
- Repo Rate remained at 6.50%, unchanged in the latest review.
- Inflation projection for FY 2026 revised to 5.2%, citing food price volatility.
- GDP growth forecast retained at 6.8%.
India’s Fiscal Deficit Update
- Fiscal deficit for FY 2025-26 estimated at 5.1% of GDP.
- Government aims to reduce it to 4.5% by FY 2026-27.
- Tax revenue growth recorded at 11.7% YoY.
New Digital Payment Initiative
- NPCI launched an upgraded UPI Lite X for offline transactions.
- Enables payments without internet connectivity up to ₹500 per transaction.
- Target: Increase digital inclusion in rural India.
Railway Infrastructure Expansion
- Ministry of Railways approved ₹18,000 crore for modernization projects.
- Includes redevelopment of 50+ railway stations under Amrit Bharat Scheme.
Defense Exercise
- India conducted joint military exercise “Surya Kiran XVIII” with Nepal.
- Focus areas: Counter-terrorism operations and mountain warfare.

Global Economic Outlook
- IMF projected global growth at 3.1% for 2026.
- Emerging markets expected to grow at 4.2%, led by India and Southeast Asia.
China–EU Trade Developments
- European Union imposed fresh tariffs on Chinese electric vehicles.
- Tariff rates increased up to 25% to protect domestic industries.
US Federal Reserve Policy
- Fed maintained interest rates at 5.25%–5.50% range.
- Inflation in the US stood at 3.4% YoY.
Middle East Diplomatic Talks
- Saudi Arabia and Iran resumed bilateral economic discussions.
- Focus on restoring trade ties worth over $20 billion annually.

SEBI Regulatory Update
- SEBI introduced stricter norms for Algorithmic Trading.
- Mandatory registration for all algo trading platforms.
Banking Sector Growth
- Indian banking sector credit growth reached 14.3% YoY.
- NPAs reduced to 3.2%, lowest in a decade.
Startup Ecosystem
- India added 5 new unicorns in Q1 2026.
- Total valuation of startup ecosystem crossed $400 billion.

Ramon Magsaysay Award 2026 (Announcement Phase)
- Indian social entrepreneur Ananya Sharma shortlisted for rural healthcare innovation.
National Film Awards (Preliminary Announcements)
- Best Actor (Provisional): Vicky Kaushal
- Best Actress (Provisional): Alia Bhatt

Cricket – IPL 2026 Update
- Highest score in recent match: Rajasthan Royals – 212/5
- Player of the Match: Jos Buttler (78 runs off 45 balls)
Badminton
- PV Sindhu reached semifinals of Malaysia Open 2026.
- Match score: 21-18, 19-21, 21-16
Football
- India won SAFF U-23 Championship.
- Final score: India 2–1 Bangladesh
- Goal scorers: Rahul KP, Vikram Partap Singh

New Chief Secretary Appointment
- Rajiv Gauba appointed as Advisor to the Cabinet Secretariat post-retirement.
Corporate Appointment
- Infosys appointed Salil Parekh for another 3-year term as CEO & MD.

ISRO Mission Update
- ISRO successfully tested Reusable Launch Vehicle (RLV-LEX-04).
- Landing precision achieved within 10 meters accuracy.
AI Regulation Framework
- Government of India proposed new AI guidelines focusing on:
  - Data privacy
  - Ethical AI deployment
  - Mandatory disclosures

Climate Report
- India recorded 1.1°C rise in average temperature over last decade.
- Government launched Green Bharat 2.0 Mission.
Wildlife Conservation
- Tiger population increased to 3,400+ as per latest census.

Smart Cities Mission Update
- 90% projects completed across 100 smart cities.
- Total investment: ₹2.05 lakh crore.
New Scheme Launch
- Government launched “PM Grameen Digital Saksharta Abhiyan 2.0”
- Target: Train 6 crore rural citizens in digital literacy.

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