3 July 2026 — Daily Current Affairs Quiz
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Economy
GST — Nine Years & CBIC’s 2026 Theme
GST implemented 1 July 2017; GST Day declared 30 June 2018. In 2026, CBIC marked nine years under theme ‘सुगम कर व्यवस्था, सशक्त भारत’. Taxpayer base: 66.5 lakh (2017) → 1.65 crore (May 2026). Gross collections: Rs 7.4 lakh crore (2017-18) → Rs 22.27 lakh crore (2025-26). CBIC is under the Ministry of Finance. 10th GST Day = 2027.
Digital Governance
Digital India — 11 Years & Expanded Focus
Launched 1 July 2015 by PM Modi; implemented by MeitY. Expanded focus: Artificial Intelligence and Semiconductor Manufacturing. Three core visions: digital infrastructure, on-demand government services, digital literacy. Mobile data cost dropped from Rs 269/GB → Rs 8–10/GB. Internet connections grew approximately 4 times.
International
PM Modi’s Seychelles Visit — ‘Guardian of the Blue Horizon’
PM Modi visited Seychelles 27–29 June 2026; invited by President Dr. Patrick Herminie. Awarded ‘Guardian of the Blue Horizon’ — Seychelles’ highest distinction. 9 MoUs signed (education, healthcare, digital payments, agriculture, maritime, space, infrastructure). Guest of Honour at Seychelles’ Golden Jubilee (50 years) of independence. Rs 1,250 crore LoC extended.
Business & Economy
HDFC Bank — Rajiv Kumar as Part-time Chairman
Rajiv Kumar (former Chief Election Commissioner) appointed Part-time Chairman of HDFC Bank for 3 years, approved by RBI. Also appointed Additional Independent Director for 4 years from 30 June 2026. Succeeds Keki Mistry (interim). HDFC Bank: India’s largest private sector bank by assets, HQ Mumbai, est. 1994.
Technology
UPI — Cross-Border Expansion & NPCI-HSBC-JP Morgan Deal
NPCI collaborated with HSBC India and JP Morgan Payments for real-time FX settlement on cross-border UPI. UPI operational in 9 countries: Singapore, UAE, Nepal, Bhutan, Mauritius, France, Sri Lanka, Qatar, Cambodia. UPI volumes nearly doubled: 0.75 mn (FY25) → 1.48 mn (FY26). NPCI founded 2008, HQ Mumbai, under RBI & IBA.
Sports
Aditya Birla Group Acquires RCB — Rs 16,660 Crore Deal
CCI approved Aditya Birla Group-led consortium acquiring 100% stake in Royal Challengers Sports Pvt Ltd (RCB) from United Spirits Limited (USL) for Rs 16,660 crore (~USD 1.78 bn). Consortium: Big Banyan Holdings, Bolt IPL, Times Internet, ICONIQ Group, Asia Investment Topco II. Aryaman Vikram Birla appointed Chairman; Satyan Gajwani as Vice Chairman. CCI est. under Competition Act, 2002.
Environment
ZSI — 111th Foundation Day & ATS 4.0
4th Animal Taxonomy Summit (ATS 4.0) inaugurated 30 June 2026 by Union Minister Bhupender Yadav at Dhano Dhanyo Auditorium, Kolkata. 709 new faunal records documented. 19th edition of Plant Discoveries-2025 added 353 taxa. Digital tools: Fauna of India Checklist v3.0 and PaleoIndia Portal. ZSI founded 1 July 1916, HQ Kolkata, under MoEFCC.
Governance
Himachal Pradesh — 8 New GI Tags; Total 17
HP secured 8 new GI tags (July 2026), taking state total to 17. Facilitated by HIMCOSTE. New tags: Seabuckthorn (Spiti), Salooni Safed Makka (Chamba), Chamba Metal Art, Sirmauri Loiya, Kinnauri Tops/Apple/Jewellery, Sepuvadi of Mandi. GI tags governed by GI of Goods Act, 1999; administered by CGPDTM under Ministry of Commerce & Industry.
Business & Economy
Kotak Mahindra Bank Acquires Deutsche Bank India Business
Kotak Mahindra Bank to acquire Deutsche Bank India’s retail, private banking & wealth management business for Rs 281.7 crore; completion by September 2027 (subject to CCI). Portfolio: ~Rs 29,000 cr loans, Rs 16,000 cr deposits, Rs 10,500 cr AUM; ~1.5 lakh customers; ~1,000 employees. Deutsche Bank has operated in India 45+ years. Strengthens Kotak’s affluent & SME banking.
Science
Mylswamy Annadurai — ‘Moon Man of India’ Leads TN Curriculum Reform
TN Government appointed Mylswamy Annadurai as Chairman of CDC for School Education (3-year tenure; 1.3 crore students). Known as ‘Moon Man of India’; led Chandrayaan-1, contributed to Chandrayaan-2 & Mangalyaan (2014) — making India the 4th nation to reach Mars orbit. Currently VP, TANSCST. Received Padma Shri 2016. Contributed to 60+ satellites.
🎴 Revision Flashcards
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What was the theme of the 9th GST Day celebration in 2026, organised by CBIC?
‘सुगम कर व्यवस्था, सशक्त भारत’
GST launched 1 July 2017; collections grew to Rs 22.27 lakh crore in 2025-26
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What honorary title was PM Modi awarded during his visit to Seychelles in June 2026?
‘Guardian of the Blue Horizon’ — Seychelles’ highest distinction
9 MoUs signed; Rs 1,250 crore LoC extended; attended Seychelles’ Golden Jubilee
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Who was appointed Part-time Chairman of HDFC Bank in July 2026, and what was his prior role?
Rajiv Kumar — former Chief Election Commissioner (CEC) of India
Appointed for 3 years; RBI-approved; succeeds Keki Mistry (interim)
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In how many countries is UPI currently operational, and name any four of them?
9 countries — Singapore, UAE, Nepal, Bhutan, Mauritius, France, Sri Lanka, Qatar, Cambodia
NPCI + HSBC India + JP Morgan Payments for cross-border FX settlement
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For how much did the Aditya Birla Group-led consortium acquire RCB, and from whom?
Rs 16,660 crore (~USD 1.78 bn) from United Spirits Limited (USL)
Aryaman Vikram Birla: Chairman; Satyan Gajwani: Vice Chairman; CCI-approved
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How many new faunal records were documented at ATS 4.0, and which ZSI anniversary was celebrated?
709 faunal records; 111th Foundation Day of ZSI (founded 1 July 1916)
19th edition of Plant Discoveries-2025; Fauna of India Checklist v3.0 released
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Who is Mylswamy Annadurai, and what role was he appointed to in Tamil Nadu in 2026?
‘Moon Man of India’ (ISRO); appointed Chairman, CDC for School Education (3-year tenure)
Led Chandrayaan-1; contributed to Mangalyaan (2014); Padma Shri 2016
Tap to Reveal
Which body facilitated Himachal Pradesh’s 8 new GI tags in July 2026, taking the total to 17?
HIMCOSTE (Himachal Pradesh Council for Science, Technology and Environment)
New tags include Kinnauri Apple, Chamba Metal Art, Seabuckthorn of Spiti; GI Act 1999
Think & Discuss
Digital India at 11: Has India Achieved Digital Inclusion, or Is the Next Frontier — AI and Semiconductors — Creating a New Digital Divide?
Context from today’s quiz: The Digital India programme turns 11 in July 2026. Mobile data costs have fallen from Rs 269/GB to Rs 8–10/GB, and internet connections have quadrupled. Meanwhile, UPI is now live in 9 countries with NPCI expanding cross-border real-time FX settlements via HSBC and JP Morgan. Yet the programme’s expanded focus has shifted to Artificial Intelligence and semiconductor manufacturing — areas requiring high-end skills, significant capital, and research infrastructure that remain concentrated in urban centres and elite institutions.
🤔 Your Perspective Matters
Digital India’s first decade democratised access — cheap data, UPI, and e-governance reached hundreds of millions. But the next phase — AI, chips, and deep tech — risks concentrating benefits among the already-skilled and connected.
Should India’s Digital India 2.0 prioritise foundational digital literacy and skilling for the bottom of the pyramid — or double down on high-tech manufacturing (semiconductors, AI) to secure strategic autonomy and global competitiveness?
Should India’s Digital India 2.0 prioritise foundational digital literacy and skilling for the bottom of the pyramid — or double down on high-tech manufacturing (semiconductors, AI) to secure strategic autonomy and global competitiveness?
- Kotak Mahindra Bank is acquiring Deutsche Bank’s India wealth management book, and HDFC Bank just appointed a former CEC as chairman. Does India’s banking sector consolidation strengthen or weaken financial inclusion goals — especially for the unbanked rural population that Digital India was meant to serve?
- UPI is operational in 9 countries and NPCI is partnering with global payment giants. As India exports its digital public infrastructure, should it also export its regulatory framework (like the UPI interoperability model) — and what risks arise from dependence on foreign banks like HSBC and JP Morgan for FX settlement?
- Mylswamy Annadurai — the ‘Moon Man of India’ — has been tasked with redesigning Tamil Nadu’s school curriculum. Does integrating space science and technology thinking into school education represent a scalable model for other states, and how should the National Education Policy (NEP 2020) adapt to prepare students for an AI-semiconductor economy?
We’d love to hear your thoughts! Share your perspective in the comments.
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