3-4 May 2026 Current Affairs

Daily Current Affairs One-Liners – 3 & 4 May 2026

• Prime Minister Narendra Modi has been touring key parts of Uttar Pradesh, such as Varanasi and Hardoi, where his focus in women-led development agendas and major infrastructure expansion.
• Union Minister Mansukh Mandaviya was present in the 75 th anniversary celebrations of the National Rifle Association of India that was held in the Dr Karni Singh Shooting Range in New Delhi.

• The respective Ministry of Home Affairs announced the Citizenship Amendment Rules 2026 and under the new framework, the digitised and simplified procedures were introduced.
• The BRICS Deputy Foreign Ministers meeting in New Delhi was chaired by Dr Neena Malhotra and was aimed at discussing the developments in the West Asia and North Africa under the leadership of India.
• The Reserve Bank of India published its 46 th Half-Yearly Report on Foreign Exchange Reserves between October 2025 and March 2026.
• To enhance transparency, the Reserve Bank of India required all transactions involving OTC foreign exchange derivatives transactions involving INR to be reported to the Clearing Corporation of India Limited.
• The updated NBFC regulatory norms under the Scale-Based Regulation framework through Amendment Directions 2026 were issued by the Reserve Bank of India.
• The Reserve Bank of India came up with a 3 day grace period in which credit card bill payments are made to ensure consumer protection.
• The PaRRVA mechanism was operationalised by the Securities and Exchange Board of India to check past claims of risk-returns by financial intermediaries.
• Rohit Jain was appointed by the Government of India as Deputy Governor of the Reserve Bank of India.
• Anugraha Narayana Das took the office of the Controller General of Defence Accounts (CGDA), which enhanced the defence financial management.
• Justice (Retd.) Anupinder Singh Grewal, has been appointed President of National Company Law Tribunal.
• The contingent of the Indian Army went to participate in the India-Cambodia joint military drill CINBAX-II 2026, which will further strengthen the bilateral military cooperation.
• The maiden test of the Naval Anti-Ship Missile (Short Range) was successfully executed by Defence Research and Development Organisation and the Indian Navy.
• In 1991, the Indian Institute of Tropical Meteorology created a Coastal Atmospheric Research Testbed in Visakhapatnam to enhance climate and coastal research.
• To develop the next-generation communication technologies, indigenous Silicon Photonics solutions were launched at IIT Madras by the Ministry of Electronics and Information Technology.
• The Oil and Natural Gas Corporation accepted a joint venture of integrated petrochemical trading and marketing activities.
• Vijay Kumar, a former Indian golfer, died at the age of 57 years in Lucknow.
• World Laughter Day was held on May 3, which encourages positive thinking and mental well-being.
• The coal miners day is held every May 4 to celebrate the role coal miners play in the energy industry.
• The World Press Freedom Day is celebrated every year on May 3, where the significance of the free and independent media is emphasized.