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Daily Current Affairs: 4 June 2026

Current affairs of 4 June 2026: USTR Section 301 Proposal: 12.5% Tariff on India; Forbes Richest People List June 2026: Musk Leads at USD 835 bn; S-400 Fourth Squadron Arrives in India: Features and Deal, and 6 more topics. Key facts for every exam, with a quiz.

Take the quiz (15 questions)June 2026
9 TOPICSDaily CurrentAffairs4 June 2026In focus: USTR Section 301 Proposal: 12.5% Tariff…safalsetu.com

In this issue: 9 topics

Government Schemes

  1. PM Research Chair Scheme 2026 Opens for Overseas Talent
  2. Mission Senehjori: Assam Muga Silk Luxury Push Launched

International Affairs

  1. USTR Section 301 Proposal: 12.5% Tariff on India

Science & Technology

  1. IndiaAI Data Lab: Chandigarh University Is the First Private Host
  2. VYOMA Innovation Challenge by BHASHINI Launched

Defence & Security

  1. S-400 Fourth Squadron Arrives in India: Features and Deal
  2. 114 Rafale Jets: India Sends Letter of Request to France

Reports & Indexes

  1. Forbes Richest People List June 2026: Musk Leads at USD 835 bn
  2. RBI Annual Report 2025-26: Key Findings and Numbers

Government Schemes

Government Schemes

1. PM Research Chair Scheme 2026 Opens for Overseas Talent

  • The Prime Minister Research Chair (PMRC) Scheme 2026 is run by the Department of Higher Education, Ministry of Education.
  • It draws Indian-origin researchers abroad to premier Indian institutions across 13 strategic technology areas.
  • Outlay is estimated near ₹200 crore; an Empowered Committee headed by the Principal Scientific Adviser oversees it.
  • Host institutions must rank in NIRF Top 100 (Overall or Engineering) or Top 50 (Research).
Full notes and 3 MCQs ›

International Affairs

Economy

3. USTR Section 301 Proposal: 12.5% Tariff on India

  • USTR proposed an extra 12.5% tariff on imports from India and 53 other countries over alleged weak action against forced-labour goods.
  • The proposal is not final: written submissions are due 6 July and public hearings are set for 7 July 2026.
  • It falls under Section 301 of the US Trade Act, 1974, while India and the US near an interim trade deal.
Full notes and 3 MCQs ›

Science & Technology

Government Schemes

5. VYOMA Innovation Challenge by BHASHINI Launched

  • The Digital India BHASHINI Division under MeitY launched the 'VYOMA Innovation Challenge'.
  • It promotes multilingual, voice-first and open-source Artificial Intelligence solutions.
  • Target sectors: education, healthcare, agriculture, governance and public services, including offline or low-connectivity settings.
  • Winners may get prizes of up to Rs.80 lakh and a chance at government deployment.
Full notes and 3 MCQs ›

Defence & Security

Reports & Indexes

Banking & Finance

9. RBI Annual Report 2025-26: Key Findings and Numbers

  • The RBI Annual Report 2025-26 covers April 2025 to March 2026 and records real GDP growth of 7.6% and CPI inflation of 2.1%.
  • The MPC cut the repo rate by 100 bps to 5.25% in three steps: April, June and December 2025.
  • The CRR was lowered by one percentage point to 3.0%; the RBI balance sheet rose to 26.4% of GDP from 23.7%.
  • The rupee ended the year 9.9% weaker at Rs 94.83 per dollar, and reserves closed at US$ 691.1 billion.
Full notes and 3 MCQs ›

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