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Daily Current Affairs – 4 June, 2026

    Southwest Monsoon

    Context

  • The India Meteorological Department (IMD) confirmed the arrival of the southwest monsoon in Kerala (June 4, 2026). This marks the official start of the rainy season in India.

    • Southwest Monsoon

  • Onset and Retreat: The monsoon season in India generally starts in early June and lasts until September.
  • The onset of the monsoon is marked by the arrival of the southwest monsoon winds, which bring moisture-laden air from the Indian Ocean.
  • The withdrawal or retreat of the monsoon typically begins in October.
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    New IIP Series Reflecting India’s Changing Industrial Structure

    Context

  • The Ministry of Statistics and Programme Implementation (MoSPI) has launched a revised All India Index of Industrial Production (IIP) series with 2022–23 as the base year, replacing the earlier 2011–12 series. 

    • Need for Revising the Base Year

  • The IIP is a key short-term indicator of industrial activity, used by the government, RBI, and researchers for policymaking, forecasting, and national accounts.
  • The last IIP base year revision was 2011–12 and since then, major technological changes, product diversification, and digitalization have reshaped industrial production.
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    India’s Emergence as a Global Startup Hub

    Context

  • The Startup India initiative, launched in 2016, has significantly transformed India's entrepreneurial ecosystem by fostering innovation, expanding access to finance, and creating a supportive policy environment.

    • Startup Ecosystem of india

  • India is the world's third-largest startup ecosystem (after the US and China), featuring over 120 unicorns (valued >$1 billion) and over 157,000 government-recognized startups.
  • The startup ecosystem is growing at ~12–15% annually, with some years witnessing even higher growth (~30%). The number of startups rose from about 10,000 in 2016 to nearly 2.5 lakh in 2025.
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    The Middle Class Journey: Progress Powered by Policy

    Context

  • India’s middle class is undergoing a significant transformation, driven by a combination of rising incomes, expanding opportunities, and a series of government-led reforms.

    • Who is the Middle Class?

  • The middle class is shaped by factors like purchasing power, education levels, social services, perceptions of wealth. 
  • A widely used benchmark from the World Bank classifies economies annually, based on Gross National Income (GNI) per capita, the value of primary incomes for all sectors. 
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    News In Short 04-06-2026

    Context

  • The Ministry of Panchayati Raj has announced the winners of the National Panchayat Awards (NPA) 2025, with 42 Panchayats from across India.

    • National Panchayat Awards

  • About: The National Panchayat Awards are administered by the Ministry of Panchayati Raj to recognize and incentivize high-performing Panchayats.
  • Objective: The National Panchayat Awards drive competitive federalism by incentivizing local self-government institutions to compete in achieving the good governance & Sustainable Development Goals (SDGs).
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