Daily Current Affairs Feb 4, 2026 | Manipur New CM & India-US Trade Deal
Here is the comprehensive Current Affairs and GK brief for February 4, 2026, specifically prepared for exam preparations.This update covers the most significant developments in governance, law, and international diplomacy.
National & Polity
New Government in Manipur: Yumnam Khemchand Singh was sworn in as the Chief Minister of Manipur following the revocation of President's Rule.
Historic Deputy CMs: Nemcha Kipgen became the first woman and the first Kuki-Zo individual to hold the post of Deputy Chief Minister. Losii Dikho of the Naga People’s Front (NPF) was also sworn in as a Deputy CM.
Mamata Banerjee in Supreme Court: In a rare move for a serving Chief Minister, West Bengal CM Mamata Banerjee appeared in person before the Supreme Court. She argued against the Special Intensive Revision (SIR) of electoral rolls in West Bengal, alleging the state was being unfairly targeted by the Election Commission.
Anil Ambani Bank Fraud Case: The Supreme Court ordered the constitution of a Special Investigation Team (SIT) to probe the alleged bank fraud case involving the Anil Dhirubhai Ambani Group (ADAG), criticizing the delay by CBI and ED.
SC on 'Surveillance Capitalism': The Supreme Court strongly cautioned Meta and WhatsApp over their privacy policies, warning them to "Exit India if you can't" comply with privacy standards. The bench described the data-sharing model as "surveillance capitalism."
Solid Waste Management (SWM) Rules, 2026: The Ministry of Environment notified the new SWM Rules, 2026, superseding the 2016 version. The rules incorporate the 'Polluter Pays' principle and will come into full effect from April 1, 2026.
International & Defence
India–US Trade Deal: A landmark trade agreement valued at $500 billion was finalized between India and the United States.
Tariff Cut: The US reduced reciprocal tariffs on 'Made in India' products from 25% to 18%.
Strategic Imports: India committed to scaling up imports of US energy products, advanced technology, and nuclear equipment.
Exercise Khajnar 2026: The 13th edition of the India-Kyrgyzstan joint military exercise, 'Khajnar', commenced at Misamari, Assam. The exercise (Feb 4–17) focuses on counter-terrorism and special forces operations.
Operation Kiya: The Indian Army successfully concluded a high-stakes anti-terror operation in Udhampur, Jammu, neutralising two unidentified terrorists who had been prevented from breaking contact for over 24 hours.
Sri Lanka's 78th Independence Day: Sri Lanka celebrated its National Day today, marking 78 years of independence from British rule.
Economy & Banking
Baggage Rules, 2026: The CBIC notified the new Baggage Rules, 2026, increasing the general duty-free allowance to ₹75,000 for Indian residents and tourists of Indian origin.
CPI Base Year Revision: The Ministry of Statistics (MoSPI) officially revised the Consumer Price Index (CPI) base year to 2024. The weight of 'Food & Beverages' was reduced to 36.75%, while 'Housing' weight was increased to 17.66%.
Bharat Taxi Launch: The government launched its new ride-hailing app, 'Bharat Taxi'. It claims to be 30% cheaper than private competitors and operates with zero surge pricing.
Rare Earth Corridors: Following the Union Budget 2026–27, the government announced dedicated Rare Earth Corridors to reduce import dependence on China for critical permanent magnets used in EVs and defense.
Science & Sports
U-19 World Cup: India’s U-19 team reached the semi-finals after a dominant performance against Australia in the quarter-finals held in South Africa.
Lung Cancer Guidelines: India released its first-ever Evidence-Based Guidelines on Lung Cancer Treatment. Experts noted a worrying trend where 30-50% of Indian lung cancer patients are non-smokers, largely due to air pollution.
Gelephu Mindfulness City (Bhutan): Matrix Bhutan Pte Ltd was granted the first license to operate regulated financial services in Bhutan’s new "Mindfulness City," marking a major step for the regional economy.
Important Days (February 4)
| Day | Context / Significance |
| World Cancer Day | Theme: "Close the Care Gap" (Final year of the 2024-2026 campaign). |
| National Day of Sri Lanka | Celebrating independence from British rule in 1948. |
| International Day of Human Fraternity | Promoted by the UN to foster inter-religious and intercultural dialogue. |
Static GK & Exam Snippets
Article 131: The Supreme Court’s Original Jurisdiction, used when a state (like West Bengal) sues the Union or the Election Commission.
Polluter Pays Principle: A globally recognized principle where the party responsible for pollution pays for the damage done to the natural environment.
Ramsar Convention: Signed on Feb 2, 1971; India added Patna Bird Sanctuary and Chhari-Dhand Wetland to the list earlier this week, bringing the total to 98.
Indira Gandhi Peace Prize: Awarded to Graça Machel (Mozambique) for her work in human rights.
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