📰 Daily Current Affairs

📅 4 May 2026 • ✅ 4/5/2026, 4:01:03 pm

1. Finance Ministry Reports Record GST Collections as Digital Tax Compliance Hits All-Time High

The Finance Ministry has announced record Goods and Services Tax (GST) collections, driven by unprecedented digital tax compliance. This milestone reflects improved tax administration and digitalization of financial systems in India.

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2. Reserve Bank of India Maintains Repo Rate to Balance Inflation Control and Industrial Growth

The Reserve Bank of India has decided to maintain the repo rate unchanged in its latest monetary policy review, balancing the need to control inflation while supporting industrial growth and economic expansion.

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3. West Bengal and Kerala Assembly Election Results Declared on May 4

Counting of votes is being held for assembly elections in West Bengal, Kerala, Tamil Nadu, Assam, and Puducherry. The results are crucial for regional parties like TMC and DMK, as well as BJP, Congress, and the Left.

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4. ISRO Successfully Launches Gaganyaan Three Mission Paving Way for Permanent Indian Space Station

The Indian Space Research Organisation (ISRO) has successfully launched the Gaganyaan Three Mission, marking a significant milestone in India's space program and paving the way for establishing a permanent Indian space station.

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5. India's First Semi-Conductor Fabrication Plant Commences Production in Gujarat

India's first semiconductor fabrication plant has started production in Gujarat, boosting the nation's electronics self-reliance and reducing dependence on foreign chip imports. This is a major step towards achieving technological independence.

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6. Nine Dead in Massive Fire at Residential Building in East Delhi's Vivek Vihar

A devastating fire broke out in a residential building in east Delhi's Vivek Vihar early Sunday morning, resulting in the death of nine people from two families, including a toddler. Rescue operations were conducted by fire department officials.

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7. Canada Declares Khalistan Extremists as 'National Security Threat'

Canada's intelligence agency has officially declared Khalistani extremists a 'national security threat', stating that the group uses institutions to promote its violent extremist agenda in the country. This development has implications for India-Canada relations.

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8. Trump Reviews Fresh Iran Proposal, Warns Military Strikes Could Resume

US President Donald Trump stated that military strikes against Iran could resume 'if they misbehave' while reviewing a fresh proposal from Tehran to end the currently paused conflict. This development is crucial for global oil markets and geopolitical stability.

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9. Indian Startup GalaxEye's 'Drishti' Satellite Launched Aboard SpaceX Rocket

Bengaluru-based space startup GalaxEye's Mission Drishti satellite was successfully launched aboard SpaceX's Falcon 9 rocket from California, marking another milestone for India's growing private space sector.

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10. Government Launches Performance Linked Incentive Scheme 3.0 to Boost Domestic Electronics Manufacturing

The Indian Government has launched the Performance Linked Incentive (PLI) Scheme 3.0 aimed at boosting domestic electronics manufacturing, strengthening the 'Make in India' initiative, and reducing import dependency in the electronics sector.

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