Daily Current Affairs – June 4, 2026

The US Trade Representative has proposed an additional 12.5% duty on 54 countries, including India, over alleged failure to restrict imports of goods produced with forced labor. This move, seen as a pressure tactic, comes as India and the US are negotiating an interim trade deal.

New uniform guidelines for estimating district domestic product have been released by the statistics ministry, aiming for standardized indicators and bottom-up data collection. This move, aligning with the revised 2022-23 national GDP base year, will enhance decentralized planning and evidence-based policy formulation across all key economic sectors at the district level.

The India Meteorological Department issued an orange alert in Alappuzha, Kottayam and Ernakulam districts for three hours.

SpaceX says it plans to raise up to $75 billion when it goes public this month, setting the stage for the largest-ever stock market debut and putting Elon Musk on course to becoming the world’s first trillionaire

The action follows investigations launched against 60 countries over what the USTR described as their failure to impose and effectively enforce bans on imports made with forced labour

Rajesh Exports shares: Sebi issued an interim order against the company and its promoter Rajesh Mehta, alleging extensive financial irregularities, lack of cooperation during the investigation and possible overstatement of the company's revenues.

Six NSE F&O stocks, led by Nippon Life India Asset Management and GE Vernova T&D India, witnessed sharp increases in futures open interest, signaling heightened trader participation and fresh positioning.

India's telecom operators and tech lobbies are clashing over using the Digital Bharat Nidhi fund to revive the PM-WANI public Wi-Fi scheme. While telcos argue cheap mobile data makes public Wi-Fi redundant, proponents say it is essential for rural coverage and easing network congestion.

The Supreme Court's online gaming GST judgment has also settled a years-old dispute over casino taxation, endorsing a broader tax base and strengthening the government's position in large pending tax claims.

Gurindervir Singh’s national-record, 10.09s, ranks 524th on the all-time list; only 39 countries have broken the 10-second barrier

The selection process will be carried out by a Search-cum-Selection Committee headed by the Chief Justice of India or a Supreme Court judge, designated by the CJI.