July 2026 Daily News Current Affairs

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Jul 01, 2026
1. Cabinet Approvals (Jul 1, 2026) -
  1. Cabinet Committee on Economic Affairs Approvals (CCEA Approvals) -
    1. CCEA approved construction of 117.7 km Kanpur–Kabrai Access-Controlled Greenfield Highway, with estimated cost 7145 crores. It forms a key segment of the Bhopal–Kanpur Economic Corridor under National Highways Programme, providing high-speed connectivity between Kanpur and Kabrai, strengthening connectivity between industrial and commercial centres of Uttar Pradesh with mineral-rich, manufacturing and agricultural regions of Madhya Pradesh.
2. Govt Appointed General Dhiraj Seth as new (31st) Chief of Indian Army Staff, Succeeding Upendra Dwivedi.
  1. Also, Lieutenant General Sandeep Jain has been appointed as the new Vice Chief of the Army Staff following the elevation of earlier Vice chief General Dhiraj Seth as Chief of the Army Staff.
3. Govt appointed Air Marshal Ashutosh Dixit as new Vice Chief of Indian Air Force.
4. Misc. Economy / Financial News (Jul 2026) -
  1. Ministry of Steel approved the grant of Miniratna Category-I status to PSU MECON Limited.
  2. Competition Commission of India (CCI) has approved the acquisition of 100% shareholding of Royal Challengers Sports Private Ltd, which owns IPL franchise Royal Challengers Bengaluru (RCB), by a consortium comprising Big Banyan Holdings (a newly incorporated investment holding company under the Aditya Birla Group), Bolt IPL Holdings, Times Internet, Times Cricket, ICQ Opportunities, Asia Investment Topco II, and others, from United Spirits Ltd, in a deal valued at Rs 16,660 crores.
  3. India's gross GST collections for June 2026 reached ₹1.95 lakh crores, marking a 13.9% year-on-year increase from ₹1.71 lakh crore in June 2025.
5. Obituaries (Jul 2026) -
  1. Vijaya Mehta - Noted Marathi film and theatre director.
  2. Garfield Sobers - Noted Barbadian cricketer who played for West Indies.
6. Observations on July 1 -
  1. July 1 is Observed as GST (Goods & Services Tax) Day. GST regime came into Force on July 1 2017, unifying indirect taxes in India into One.
  2. July 1 is observed as Doctors Day in India. This day honours legendary physician and second Chief Minister of West Bengal, Dr. Bidhan Chandra Roy.
  3. July 1 is observed as Chartered Accountants Day In India.
  4. July 1 is Observed as National Postal Worker Day in India.
  5. July 1 is observed as Foundation Day of SBI, India's Largest Bank. On 1 July 1955, Imperial Bank of India became State Bank of India.
7. Visits from India (Jul 2026) -
  1. Finance & Corporate Affairs Minister Nirmala Sitharaman visited France.
    1. Attended India–France Economic & Financial Dialogue (EFD).
    2. Visited International Thermonuclear Experimental Reactor (ITER) project at Cadarache, as one of the world's largest international scientific collaborations on nuclear fusion energy, involving more than 30 partner countries, including India and France.
8. Viksit Bharat – Guarantee for Rozgar and Aajeevika Mission (Gramin) [VB-G RAM G] Act 2025 came into force across the country, Aimed at strengthening rural livelihoods and advancing the vision of a developed rural India.
  1. The Act guarantees 125 days of guaranteed wage employment (up from 100 days earlier) to eligible rural households while promoting transparent employment, durable rural assets, natural resource conservation, agricultural productivity, livelihood enhancement, and women-led development.
  2. With this, Govt also notified revised wage rates for all States/UTs and notified wage areas, ensuring minimum daily wage at Rs 300 across country. The national average notified wage has increased from ₹298.8 per day to ₹327.4 per day.
9. Misc. Appointments (July 2026) -
  1. Somnath Ghosh - New Indian Ambassador to Malaysia.
  2. Ravi Agrawal has been re-appointed as Chairman of the Central Board of Direct Taxes (CBDT), for an extended tenure of 6 months.
  3. Govt extended tenure of Foreign Secretary Vikram Misri by one year.
10. An MoU has been signed between IIT Madras and professional institutes Institute of Chartered Accountants of India (ICAI), Institute of Company Secretaries of India (ICSI), and Institute of Cost Accountants of India (ICMAI), to operationalise the Corporate Mitra scheme that was announed in Union Budget 2026-27.
  1. The scheme aims to create a pool of trained and certified para professionals to support MSMEs in managing business and regulatory compliances.
  2. The scheme is open to Indians up to 30 years of age who are graduates or are in the final year of graduation. It includes around 150 hours of online academic learning, followed by 6 months of on-the-job training with professional firms. Upon completion, Candidates will receive certification as Corporate Mitras.
  3. The course fee has been fixed at Rs 3,000 plus GST, with a 50 % fee concession for women candidates and those from North Eastern states, Himalayan regions, Andaman and Nicobar Islands, and Lakshadweep.
  4. The academic component will be delivered through the SWAYAM Plus platform with support from ICAI, ICSI and ICMAI.

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July 2026 Daily News Current Affairs

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