Daily Current Affairs 3rd July 2026
1. India–Japan Annual Summit Held in New Delhi
The 16th India–Japan Annual Summit was held in New Delhi.
India and Japan signed their first-ever Defence Co-Development Agreement to strengthen strategic and defence cooperation.
The leaders also discussed Indo-Pacific security, economic cooperation, clean energy, and technology partnerships.
2. PM Narendra Modi to Visit Indonesia, Australia & New Zealand
Prime Minister Narendra Modi will undertake a three-nation tour next week.
He will visit Indonesia, Australia, and New Zealand to enhance diplomatic, trade, and strategic relations.
The visit to New Zealand will be the first by an Indian Prime Minister in around 40 years.
3. India’s First Private PinS Instrument Approach Approved
The DGCA approved India’s first Private Point-in-Space (PinS) Instrument Approach Procedure.
It has been approved for Undavalli Heliport, Andhra Pradesh.
The system enables safer helicopter operations in poor weather using satellite-based navigation.
4. Cabinet Approves Highway Projects Worth ₹14,114.81 Crore
The Union Cabinet approved two major national highway projects worth ₹14,114.81 crore.
The projects aim to improve connectivity, reduce travel time, and strengthen strategic infrastructure.
5. Bank of Baroda Signs MoU with Japan’s Mizuho Bank
Bank of Baroda partnered with Mizuho Bank of Japan.
The collaboration focuses on mergers & acquisitions financing and cross-border banking services.
6. I-2SEA Submarine Cable System Announced
The India-to-Southeast Asia (I-2SEA) submarine cable system was unveiled.
It will connect India, Singapore, and Malaysia with high-capacity digital infrastructure.
Partners include Microsoft, Tata Communications, Singtel, and Lightstorm Networks.
7. Skyroot’s Vikram-1 Mission in Focus
Indian private space company Skyroot Aerospace continues preparations for the Vikram-1 orbital launch mission.
The mission represents another milestone in India’s growing private space sector.
8. International Day of Cooperatives
Observed on the first Saturday of July.
2026 Theme: “Cooperatives Serve People: Building a Sustainable Future for All.”
India has one of the world’s largest cooperative movements.
9. India’s Unemployment Rate Falls
According to the National Statistics Office (NSO), India’s unemployment rate declined to 3.1% in 2025, the lowest level in eight years.
10. MECON Granted Miniratna Category-I Status
The Ministry of Steel granted Miniratna Category-I status to MECON Limited in recognition of its financial and operational performance.
Important One-Liners
16th India–Japan Annual Summit: New Delhi
Defence Co-Development Agreement: First between India and Japan
PM Modi’s upcoming visit: Indonesia, Australia & New Zealand
First Private PinS Procedure: Undavalli Heliport, Andhra Pradesh
Highway projects approved: ₹14,114.81 crore
BoB partnered with: Mizuho Bank (Japan)
I-2SEA connects: India–Singapore–Malaysia
International Day of Cooperatives Theme (2026): Cooperatives Serve People: Building a Sustainable Future for All
India’s unemployment rate (2025): 3.1%
MECON: Awarded Miniratna Category-I status.