Banking and RBI
RBI swap facility: USD 40,816 million mobilised till 31 July 2026
1 August 2026 | Reserve Bank of India
The RBI said on 1 August 2026 that forex inflows mobilised under its concessional swap facility till 31 July 2026 were: FCNR(B) deposits USD 36,725 million, OFCBs USD 2,575 million and ECBs USD 1,516 million, a total of USD 40,816 million.
The facility was announced on 5 June 2026 and operationalised on 8 June 2026. It is available up to 30 September 2026 for FCNR(B) deposits and up to 31 December 2026 for OFCBs and ECBs.
Key facts- Total mobilised till 31 July 2026: USD 40,816 million
- FCNR(B) deposits: USD 36,725 million
- OFCBs: USD 2,575 million; ECBs: USD 1,516 million
- Earlier total (till 17 July 2026): USD 20,718 million
Exam takeaway: The facility incentivises capital inflows to strengthen the balance of payments.
Quick revision: RBI swap facility inflows USD 40,816 million till 31 July (RBI, 1 August 2026).
Reserve Bank of India original sourceEconomy and Finance
Centre releases advance tax devolution instalment of Rs 1,09,019 crore to States
1 August 2026 | Press Information Bureau
PIB said the Union Government released an additional instalment of tax devolution to State Governments on 1 August 2026, in addition to the normal monthly devolution to be released on 10 August 2026.
The release is meant to help States accelerate their capital and developmental expenditure. The release carries a State-wise distribution of net proceeds of Union taxes and duties for August 2026.
Key facts- Release date: 1 August 2026
- Type: advance instalment, in addition to the monthly one
- Normal monthly devolution due: 10 August 2026
- Amount: Rs 1,09,019 crore
Exam takeaway: Tax devolution is the States' share in the divisible pool of Union taxes.
Quick revision: Advance tax devolution of Rs 1,09,019 crore released (PIB, 1 August 2026).
Press Information Bureau original sourceAppointments, Awards and Important Days
Alka Nangia Arora takes charge as Controller General of Defence Accounts
1 August 2026 | Press Information Bureau
PIB said Smt Alka Nangia Arora, a 1991-batch officer of the Indian Defence Accounts Service (IDAS), assumed charge as Controller General of Defence Accounts (CGDA) on 1 August 2026.
She is an alumnus of Garhwal University, Dehradun and IIT Roorkee, and has served as Additional Secretary and Financial Adviser in DARE and as MD of the Central Cottage Industries Corporation of India Limited.
Key facts- Appointed: Alka Nangia Arora, CGDA
- Service: IDAS, 1991 batch
- Took charge: 1 August 2026
- Earlier role: MD, Central Cottage Industries Corporation
Exam takeaway: The CGDA heads the Defence Accounts Department.
Quick revision: Alka Nangia Arora takes charge as CGDA (PIB, 1 August 2026).
Press Information Bureau original source