Daily Current Affairs 4 July 2026
Daily current affairs for 4 July 2026 — 10 verified news items across Government Schemes, Economy, National & more, with exam-angle notes, keywords and…
In this digest · 10 items
Government Schemes
IT Ministry Sends Notices to Telegram and Signal Over Username Feature
Following concerns over scams and impersonation, India's IT Ministry has sent notices to Telegram and Signal regarding their username features. This action comes after a similar notice was issued to WhatsApp, directing it to pause its username feature. The ministry's move aims to address fraud risks associated with anonymity features on these messaging platforms. Representatives for Telegram and Signal have not provided immediate comments on the notices.
Source The Hindu
Practice MCQs
Q1 Which messaging platforms received notices from India's IT Ministry over their username features?
- AWhatsApp and Facebook Messenger
- BTelegram and SignalCorrect
- CTelegram and Instagram
- DSignal and Snapchat
Explanation The IT Ministry sent notices to Telegram and Signal regarding their username features, following a similar notice to WhatsApp.
Q2 What was the primary concern cited by the IT Ministry for issuing notices to messaging apps like Telegram, Signal, and WhatsApp?
- AData privacy violations
- BScams and impersonation risksCorrect
- CExcessive advertisements
- DHigh data usage
Explanation The notices were issued due to concerns over scams and impersonation related to the username features on these apps.
Q3 What directive was given to WhatsApp by the IT Ministry regarding its username feature?
- ATo enhance the feature
- BTo pause the featureCorrect
- CTo make it mandatory
- DTo remove it permanently
Explanation WhatsApp was directed to pause its username feature following scam and impersonation concerns.
Economy
Bank of Baroda Settles $600 Million Litigation with NMC Health
On July 2, 2026, Bank of Baroda, India's second largest public sector bank, paid $600 million (approximately ₹5,700 crore) to settle litigation initiated by the administrators of NMC Health Plc, NMC Healthcare Ltd, and NMC Holding Ltd. This settlement resolves all claims between the parties without any admission of liability or wrongdoing by the bank. The dispute relates to the collapse of NMC Healthcare, Abu Dhabi's largest healthcare provider founded by India-born entrepreneur B.R. Shetty, which was uncovered in 2020 due to undisclosed debt running into billions of dollars. The terms of the agreement remain confidential.
Source The Hindu
Practice MCQs
Q1 How much did Bank of Baroda pay to settle the NMC Health litigation in 2026?
- A$600 millionCorrect
- B₹5,700 crore
- C$500 million
- D₹6,000 crore
Explanation Bank of Baroda paid $600 million, which is approximately ₹5,700 crore, to settle the litigation.
Q2 What was the reason behind the NMC Health dispute involving Bank of Baroda?
- ACollapse of NMC Healthcare due to undisclosed debtCorrect
- BBank of Baroda's loan default
- CMerger between NMC and Bank of Baroda
- DRegulatory penalties on Bank of Baroda
Explanation The dispute arose after the collapse of NMC Healthcare following the uncovering of undisclosed debt running into billions of dollars.
Q3 What did the settlement between Bank of Baroda and NMC Health administrators include?
- AAdmission of liability by Bank of Baroda
- BConfidential terms apart from the settlement amountCorrect
- CPublic apology from Bank of Baroda
- DTransfer of NMC Healthcare shares to Bank of Baroda
Explanation The settlement resolved all claims without admission of liability, and the terms apart from the settlement amount remain confidential.
JSW Steel launches ₹16,350 crore low-carbon steel project in Andhra Pradesh
JSW Steel has initiated a ₹16,350 crore investment project in Andhra Pradesh to expand its steel production capacity. The project includes setting up an electric arc furnace plant aimed at producing lower-carbon steel, aligning with sustainable and environmentally friendly manufacturing practices.
Source Livemint
Practice MCQs
Q1 What is the total investment amount JSW Steel is making for its low-carbon steel project in Andhra Pradesh?
- A₹10,000 crore
- B₹16,350 croreCorrect
- C₹20,000 crore
- D₹5,000 crore
Explanation JSW Steel is investing ₹16,350 crore in the low-carbon steel project in Andhra Pradesh.
Q2 Which technology is JSW Steel using in its new plant to produce lower-carbon steel?
- ABlast furnace
- BElectric arc furnaceCorrect
- COpen hearth furnace
- DBasic oxygen furnace
Explanation The project includes an electric arc furnace plant to produce lower-carbon steel.
Q3 In which Indian state is JSW Steel's ₹16,350 crore low-carbon steel project located?
- ATamil Nadu
- BAndhra PradeshCorrect
- CKarnataka
- DTelangana
Explanation The low-carbon steel project by JSW Steel is located in Andhra Pradesh.
HCLTech Secures $1.14 Billion Contract from Mercedes-Benz Ending Mega-Deal Drought
HCLTech has won a $1.14 billion contract from Mercedes-Benz, marking the end of a three-year period without mega-deals for the company. This deal is expected to generate $228 million in annual revenue for HCLTech, contributing to approximately 1.6% growth in the fiscal year 2027.
Source Livemint
Practice MCQs
Q1 Which company won a $1.14 billion contract from Mercedes-Benz, ending a three-year mega-deal drought?
- ATCS
- BInfosys
- CHCLTechCorrect
- DCoforge
Explanation HCLTech won the $1.14 billion contract from Mercedes-Benz, ending its three-year mega-deal drought.
Q2 What is the expected annual revenue from the Mercedes-Benz contract for HCLTech?
- A$114 million
- B$228 millionCorrect
- C$1.14 billion
- D$500 million
Explanation The deal assures HCLTech $228 million in annual revenue.
Q3 The $1.14 billion contract from Mercedes-Benz is expected to contribute approximately what percentage of growth to HCLTech in FY27?
- A0.6%
- B1.6%Correct
- C2.6%
- D3.6%
Explanation The contract translates to about 1.6% growth for HCLTech in FY27.
Tata Agratas Secures £1.15 Billion Loan with Extended Repayment for UK Battery Gigafactory
Tata Group's UK battery unit, Agratas, has increased its loan amount to £1.15 billion, marking a 53% rise. The lenders have extended the repayment deadline to September 2027. This financial move supports the nearing completion of the Somerset gigafactory. The expanded funding comes after a £350 million grant from the UK government.
Source Livemint
Practice MCQs
Q1 What is the new loan amount Tata Agratas has secured for its UK battery project?
- A£350 million
- B£750 million
- C£1.15 billionCorrect
- D£2 billion
Explanation Tata Agratas increased its loan to £1.15 billion, a 53% rise from the previous amount.
Q2 Until when has the repayment deadline for Tata Agratas' loan been extended?
- ADecember 2025
- BSeptember 2027Correct
- CJune 2026
- DMarch 2028
Explanation The lenders extended the repayment deadline to September 2027.
Q3 What significant support did Tata Agratas receive from the UK government for its battery project?
- A£1.15 billion loan
- B£350 million grantCorrect
- CTax exemption
- DLand allocation
Explanation The expanded funding followed a £350 million grant from the UK government.
National
Assam Teen Girl Dies a Month After Stalker Attack That Killed Cousin
In Assam, Mridumudra Deka succumbed to injuries in ICU a month after being attacked by a stalker who also killed her cousin Madhurjya Barman on the spot. The incident led to the accused being killed in an encounter. The attack had sparked outrage and brought attention to stalking-related violence in the region.
Source The Hindu
Practice MCQs
Q1 Who died on the spot during the Assam stalker attack?
- AMridumudra Deka
- BMadhurjya BarmanCorrect
- CThe accused
- DAn unrelated bystander
Explanation Madhurjya Barman, the cousin of Mridumudra Deka, died on the spot during the stalker attack.
Q2 What happened to the accused in the Assam stalker attack case?
- AArrested and jailed
- BKilled in an encounterCorrect
- CReleased on bail
- DStill at large
Explanation The accused who attacked Mridumudra Deka and Madhurjya Barman was killed in an encounter.
Q3 How long after the attack did Mridumudra Deka die?
- AImmediately at the scene
- BA week later
- CA month laterCorrect
- DShe survived
Explanation Mridumudra Deka died in ICU a month after the stalker attack.
Assam Estate Sells India’s First Batch of Matcha Tea Amid Global Shortage
A tea estate in Assam has sold the first batch of matcha tea produced in India. Matcha, a premium green tea traditionally manufactured in Japan, China, and Vietnam, is currently experiencing a global shortage due to soaring worldwide demand. This development marks India's entry into the matcha tea market, which has been dominated by other Asian countries until now.
Source The Hindu
Practice MCQs
Q1 Which Indian state sold the first batch of India-made matcha tea?
- AAssamCorrect
- BKerala
- CWest Bengal
- DTamil Nadu
Explanation The first batch of matcha tea produced in India was sold by a tea estate in Assam.
Q2 Matcha tea, traditionally produced in which countries, is now also made in India?
- AJapan, China, VietnamCorrect
- BIndia, Sri Lanka, Nepal
- CThailand, Malaysia, Indonesia
- DSouth Korea, Taiwan, Philippines
Explanation Matcha tea is primarily manufactured in Japan, China, and Vietnam, and now India has started producing it.
Q3 What is the main reason for the current global shortage of matcha tea?
- ASkyrocketing worldwide demandCorrect
- BPoor harvests in Assam
- CExport restrictions by Japan
- DIncreased production costs
Explanation The global shortage of matcha tea is due to skyrocketing worldwide demand.
Sports
Egypt Wins First World Cup Knockout Match Against Australia on Penalties
In the FIFA World Cup 2026 Round of 32, Egypt defeated Australia 4-2 on penalties after a tense match. Hossam Abdelmaguid scored the winning penalty following missed attempts by Australian players Harry Souttar and Lucas Herrington. This victory marks Egypt's first-ever win in a World Cup knockout stage and comes during their fourth World Cup appearance. Both teams were aware that the match could define their tournament, with Argentina likely awaiting the winner in the next round.
Source The Hindu
Practice MCQs
Q1 Who scored the winning penalty for Egypt in their FIFA World Cup 2026 Round of 32 match against Australia?
- AHarry Souttar
- BLucas Herrington
- CHossam AbdelmaguidCorrect
- DMohamed Salah
Explanation Hossam Abdelmaguid scored the winning spot-kick after Australian players missed their penalties.
Q2 What was significant about Egypt's victory over Australia in the FIFA World Cup 2026?
- AIt was Egypt's first World Cup appearance
- BIt was Egypt's first win in a World Cup knockout matchCorrect
- CEgypt won by a large margin in regular time
- DAustralia won the match
Explanation The victory marked Egypt's first-ever win in a World Cup knockout stage.
Q3 What was the penalty shootout score between Egypt and Australia in the FIFA World Cup 2026 Round of 32?
- A4-2 in favor of Australia
- B4-2 in favor of EgyptCorrect
- C3-3 draw
- D5-4 in favor of Egypt
Explanation Egypt won the penalty shootout 4-2 against Australia.
Banking
Bank of Baroda's ₹5,700 Crore NMC Settlement to Impact FY27 Profitability
Bank of Baroda will make a one-time legal payout of ₹5,700 crore related to the NMC Health settlement. This payout is nearly 28% of the bank's net profit for FY26 and is expected to negatively affect its profitability in FY27. Despite this significant expense, analysts believe that the bank's capital position and long-term growth prospects remain strong and unaffected.
Source Livemint
Practice MCQs
Q1 What is the approximate value of the one-time legal payout Bank of Baroda will make related to the NMC Health settlement?
- A₹5,700 croreCorrect
- B₹2,800 crore
- C₹28,000 crore
- D₹570 crore
Explanation Bank of Baroda's one-time legal payout related to the NMC Health settlement is ₹5,700 crore.
Q2 How much of Bank of Baroda's FY26 net profit does the ₹5,700 crore payout represent?
- ANearly 28%Correct
- BNearly 50%
- CNearly 10%
- DNearly 75%
Explanation The payout is nearly 28% of Bank of Baroda's FY26 net profit.
Q3 What do analysts say about Bank of Baroda's position after the NMC Health settlement payout?
- ACapital position and long-term growth remain intactCorrect
- BBank will face severe capital shortage
- CLong-term growth prospects are uncertain
- DBank will reduce its capital base significantly
Explanation Analysts believe that despite the payout, Bank of Baroda's capital position and long-term growth remain intact.
Tamil Nadu
Tamil Nadu Law Minister: Officials Not Obliged to Attend Governor's Review Meetings
Tamil Nadu Law Minister stated that officials are not obliged to attend 'review' meetings called by Governor Rajendra Vishwanath Arlekar, following reports of such a meeting planned at the Madurai Circuit House. The CPI(M) State secretary P. Shanmugam criticized the Governor's conduct, saying that if the Governor has concerns, they should be addressed with the Chief Minister rather than holding arbitrary meetings, which he said goes against the constitutional powers of the Governor.
Source The Hindu
Practice MCQs
Q1 What was the Tamil Nadu Law Minister's stance on officials attending the Governor's review meetings?
- AOfficials are obliged to attend all review meetings
- BOfficials are not obliged to attend review meetings with the GovernorCorrect
- COfficials must attend only if the Chief Minister approves
- DOfficials should attend only meetings held in Chennai
Explanation The Tamil Nadu Law Minister stated that officials are not obliged to attend 'review' meetings with the Governor.
Q2 According to CPI(M) State secretary P. Shanmugam, how should the Governor address his concerns?
- ABy holding review meetings with officials directly
- BBy taking up issues with the Chief MinisterCorrect
- CBy issuing public statements
- DBy consulting the judiciary
Explanation P. Shanmugam said the Governor should take up any issues with the Chief Minister rather than acting arbitrarily.
Q3 Where was the Governor reported to have planned a review meeting with officials?
- AChennai Secretariat
- BMadurai Circuit HouseCorrect
- CCoimbatore Collectorate
- DTiruchirappalli Guest House
Explanation The Governor had wanted to hold a review meeting with officials at the Madurai Circuit House.
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