Banking and RBI
RBI announces 2-day VRR auction of Rs 75,000 crore on 22 July 2026
22 July 2026 | Reserve Bank of India
The RBI said it would conduct a 2-day Variable Rate Repo (VRR) auction on Wednesday, 22 July 2026, for a notified amount of Rs 75,000 crore, with reversal on Friday, 24 July 2026.
The window is 10:00 AM to 10:30 AM.
Key facts- Notified amount: Rs 75,000 crore
- Tenor: 2 days
- Window: 10:00 AM to 10:30 AM
- Reversal: 24 July 2026
Exam takeaway: Auction windows can differ from the usual 9:30 AM start.
Quick revision: 2-day VRR of Rs 75,000 crore announced for 22 July (RBI).
Reserve Bank of India original sourceAppointments, Awards and Important Days
Anurag Jain appointed CEO of NITI Aayog
22 July 2026 | BusinessLine and CNBC-TV18 (primary DoPT order not read)
Media reports of 22 July 2026 said the Appointments Committee of the Cabinet approved Anurag Jain, a 1989-batch IAS officer of the Madhya Pradesh cadre, as CEO of NITI Aayog. The primary DoPT order was not read; outlets differ on whether the order was issued on Tuesday or Wednesday.
BusinessLine reported that the ACC also approved his tenure in service and thereafter on contract for an overall period of two years or until further orders.
Key facts- Appointed: Anurag Jain, CEO, NITI Aayog
- Batch and cadre: 1989, IAS, Madhya Pradesh
- Approving body: ACC
- Reported tenure: two years overall or until further orders
Exam takeaway: NITI Aayog's CEO holds the rank of Secretary to the Government of India.
Quick revision: Anurag Jain named NITI Aayog CEO (BusinessLine, CNBC-TV18).
BusinessLine and CNBC-TV18 (primary DoPT order not read) original sourceReports, Indices, Science and Technology
RBI Bulletin July 2026: State of the Economy
22 July 2026 | Reserve Bank of India
The RBI released the July 2026 issue of its monthly Bulletin on 22 July 2026. It includes two speeches, one article and current statistics. The article is on the State of the Economy.
The article says headline retail inflation inched up in June while core inflation, especially excluding precious metals, remained low. Liquidity conditions improved further, supporting robust credit growth, and the external sector remains steady, aided by inflows of foreign investment. The views are those of the authors and not of the RBI.
Key facts- Release date: 22 July 2026
- Contents: two speeches, one article, statistics
- Article topic: State of the Economy
- Headline inflation: inched up in June
Exam takeaway: The RBI Bulletin is a monthly publication.
Quick revision: RBI Bulletin July 2026 released (RBI, 22 July).
Reserve Bank of India original sourceReports, Indices, Science and Technology
MoSPI: GDP base year revised from 2011-12 to 2022-23
22 July 2026 | Press Information Bureau
PIB said the Ministry of Statistics and Programme Implementation (MoSPI) has undertaken comprehensive base revision exercises for GDP, the Index of Industrial Production and the Consumer Price Index. The GDP base year has been revised from 2011-12 to 2022-23 based on recommendations of the Advisory Committee on National Accounts Statistics (ACNAS).
The release also notes modernisation of national sample surveys through digital platforms such as Computer Assisted Personal Interview and the e-SIGMA system.
Key facts- New GDP base year: 2022-23
- Earlier base year: 2011-12
- Advisory body: ACNAS
- Survey tools: CAPI and e-SIGMA
Exam takeaway: MoSPI compiles GDP, IIP and CPI.
Quick revision: MoSPI GDP base revised to 2022-23 (PIB, 22 July 2026).
Press Information Bureau original source