Daily Current Affairs: 02 July 2026
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In today’s highly competitive era, staying up to date with current affairs is crucial for clearing any competitive examination. Our goal is to ensure that current affairs never become a hurdle in your preparation, but rather your strongest scoring subject.
To save you time and provide you with the most authentic information, we meticulously collect daily news from top national and international sources, including PIB, The Hindu, AIR News, Indian Express, leading Hindi dailies, and major news channels. We provide Daily, Weekly, Monthly, and Yearly Current Affairs along with additional static facts. This content is highly beneficial for exams like UPSC, SSC, Bank, Railway, Defense, Insurance, and all state-level exams.
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Daily Current Affairs Question-Answer (Q&A) 02 July 2026 (Special for Competitive Exams)
Question 1: The revised wage rates for the 'Viksit Bharat – Guarantee for Rozgar and Ajeevika Mission (Gramin) Act, 2025', effective from July 1, 2026, have been notified by which ministry?
Answer: Ministry of Rural Development
Extra Facts:
VB-G RAM G Act, 2025: Formulated to replace/expand previous rural employment frameworks to align with the vision of Viksit Bharat @2047.
It is administered by the Ministry of Rural Development.
Its primary focus is on creating durable rural assets and ensuring the dignity of labour through fair wages.
Question 2: Who recently assumed the appointment of General Officer Commanding-in-Chief (GOC-in-C) of the Jaipur-based South Western Command?
Answer: Lieutenant General Mohit Malhotra
Extra Facts:
South Western Command: Established on April 15, 2005, to optimize the army's operational structures.
It is headquartered in Jaipur, Rajasthan, and operates under the motto and name 'Sapta Shakti Command'.
47 Armoured Regiment: An armoured regiment of the Indian Army raised in 1982 and a part of the Armoured Corps of the Indian Army.
Question 3: Who recently assumed the office of Vice Chief of the Air Staff (VCAS) of the Indian Air Force?
Answer: Air Marshal Ashutosh Dixit
Extra Facts:
He assumed office as the 51st Vice Chief of the Air Staff of the Indian Air Force on July 1, 2026.
Previously, he served as the Air Officer Commanding-in-Chief of the Central Air Command.
He was commissioned into the Indian Air Force as a fighter pilot on December 6, 1986.
Question 4: The Cabinet Committee on Economic Affairs (CCEA) chaired by the Prime Minister, approved the construction of which 117.7 km long section of NH-34 in Uttar Pradesh?
Answer: Kanpur–Kabrai section
Extra Facts:
The estimated construction cost of this 4/6 lane access-controlled highway is ₹7,145.14 crore.
The project will be developed under the Build-Operate-Transfer (BOT) toll model.
Its construction will reduce the travel time between Kanpur and Kabrai from 3.5 hours to just 1.5 hours.
Question 5: Who recently assumed the office of Chief of Integrated Defence Staff to the Chairman Chiefs of Staff Committee (CISC)?
Answer: Air Marshal Tejinder Singh
Extra Facts:
CISC (Chief of Integrated Defence Staff): The office was established in October 2001 based on the recommendations of the Kargil Review Committee.
It is headquartered in New Delhi.
It operates under the Ministry of Defence to provide secretarial and operational support to the Chiefs of Staff Committee.
Question 6: The Cabinet Committee on Economic Affairs (CCEA) approved the construction of how many lanes of road tunnel for NH-148AE connecting Dwarka Expressway to Vasant Kunj?
Answer: 6-lane
Extra Facts:
The total estimated cost of this 8.1 km long corridor is ₹6,969.67 crore.
It includes a 3.14 km long twin-tube tunnel, with about 1.98 km passing beneath Delhi's Southern Ridge to ensure environmental preservation.
This tunnel will connect the Dwarka Expressway (Shiv Murti Interchange) to Nelson Mandela Marg in Vasant Kunj.
Question 7: Who recently assumed the appointment of the Vice Chief of the Army Staff (VCOAS) of the Indian Army?
Answer: Lieutenant General Sandeep Jain
Extra Facts:
He has taken over as the 50th Vice Chief of the Army Staff of the Indian Army.
He was commissioned into the MAHAR Regiment in June 1988.
Previously, he served as the General Officer Commanding-in-Chief of the Southern Command.
Question 8: Who recently assumed command as the General Officer Commanding-in-Chief (GOC-in-C) of the Southern Command?
Answer: Lieutenant General Rajesh Pushkar
Extra Facts:
Southern Command (Indian Army): Formed in 1895.
It is headquartered in Pune, Maharashtra.
It is the oldest and largest command of the Indian Army.
Question 9: Who inaugurated the 'Common Incubation Center' at VNMKV, Parbhani on June 28, 2026, to boost food processing and entrepreneurship in Maharashtra?
Answer: Union Minister Chirag Paswan
Extra Facts:
The center has been established at the College of Food Technology, Vasantrao Naik Marathwada Krishi Vidyapeeth (VNMKV).
It has been set up under the PMFME (Pradhan Mantri Formalisation of Micro Food Processing Enterprises) scheme.
The facility primarily focuses on the processing of jaggery, sugarcane juice, and spices.
Question 10: Which payment gateway integrated Google Pay card payments on July 2, 2026, to enable Indian merchants to accept secure international transactions from global buyers?
Answer: PayGlocal
Extra Facts:
PayGlocal is an RBI-authorized stack built specifically for cross-border (international) transactions.
It also supports other global payment options like Apple Pay, Klarna, Trustly, and GrabPay.
Through biometric authentication (Face ID / Touch ID), it ensures an authorization rate of over 95% for successful transactions.
Question 11: Which cooperative bank achieved Tier-III status under Reserve Bank of India (RBI) norms after its total deposits crossed the ₹1,000 crore threshold?
Answer: Kakinada Cooperative Town Bank
Extra Facts:
Kakinada Cooperative Town Bank: Established in 1979 (entered its 47th year of operations in 2026).
It is headquartered in Kakinada, Andhra Pradesh.
Question 12: Who secured victory at the Austrian Formula One Grand Prix held on June 28, 2026, at the Red Bull Ring?
Answer: George Russell (Mercedes)
Extra Facts:
Max Verstappen of the Red Bull team secured the second position in this race.
Kimi Antonelli of the Mercedes team stood third.
This is George Russell's second victory in the 2026 season following the opening Australian Grand Prix.
Question 13: Which Indian cricket team recently officially secured a quota for the LA 2028 Olympics?
Answer: Indian Women's Cricket Team
Extra Facts:
India secured this Olympic quota as the best-placed Asian team in the ongoing Women's T20 World Cup 2026 in England.
Cricket is making a comeback to the Olympics after 128 years at the LA 2028 Olympics. It will feature 6 teams each in both men's and women's categories.
Besides India, the women's teams of Australia, Great Britain (via England), and South Africa have also secured preliminary quotas.
Question 14: (Miscellaneous Economy Question) Which Indian digital payment system has been recognized by the International Monetary Fund (IMF) as the world's largest real-time payment system?
Answer: UPI (Unified Payments Interface)
Extra Facts:
UPI Performance: It processed 24,162 crore transactions in FY 2025-26, an increase from just 2 crore in FY 2016-17.
It is currently live (available) in 8 countries, including the UAE, Singapore, France, Mauritius, and Sri Lanka.
Question 15: Agnikul Cosmos signed an MoU with which Finnish firm on July 1, 2026, to build, launch, and operate Synthetic Aperture Radar (SAR) Earth observation systems from India?
Answer: ICEYE
Extra Facts:
Agnikul Cosmos: An Indian private aerospace company focusing on indigenous launch vehicles.
It is headquartered in Chennai, Tamil Nadu.
Question 16: Uttar Pradesh Chief Minister Yogi Adityanath launched the second phase of the 'School Chalo Abhiyan' from which city to achieve 100% school enrolment?
Answer: Saharanpur
Extra Facts:
School Chalo Abhiyan is a flagship enrolment drive of the Uttar Pradesh Government aimed at achieving universal access to elementary education.
The campaign aligns with the objectives of the National Education Policy (NEP) 2020, which emphasizes universal school access, equity, and reducing dropout rates.
The initiative also supports the implementation of the Right of Children to Free and Compulsory Education (RTE) Act, 2009, ensuring free and compulsory education for children aged 6–14 years.
Question 17: The Ministry of Tourism signed a Memorandum of Understanding (MoU) with which company on June 30, 2026, to strengthen the digital promotion of India's tourism destinations?
Answer: Google India Pvt. Ltd.
Extra Facts:
This partnership focuses on expanding the global reach of the 'Incredible India' campaign and improving the digital discovery of destinations.
Under this, Google Maps integration will be done to make navigation seamless.
Google will also organize capability-building and skill development training programs for the officials of the Ministry of Tourism.
Question 18: The Delhi Cabinet recently approved how many heritage conservation schemes under the 'Our Monuments, Our Pride' initiative?
Answer: Two schemes
Extra Facts:
These two schemes are the 'Delhi Chief Minister Monument Adoption Scheme' and the 'Grant-in-Aid Scheme for Conservation and Development Works'.
Under this, private companies, NGOs, and trusts have been permitted to adopt 75 historical monuments of Delhi as "Smarak Mitras" (Monument Friends) for a period of 5 years.
The government will provide financial assistance of up to ₹2 crore to eligible institutions for the conservation and restoration of the monuments.
Question 19: The Appointments Committee of the Cabinet (ACC) recently approved the reappointment of whom as the Chairman of the Central Board of Direct Taxes (CBDT)?
Answer: Ravi Agrawal
Extra Facts:
Central Board of Direct Taxes (CBDT): A statutory authority functioning under the Central Board of Revenue Act, 1963.
It functions as the apex body for the Income Tax Department under the Department of Revenue, Ministry of Finance.
It is responsible for the administration of direct tax laws and providing inputs for policy planning.
It is headquartered in New Delhi.
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