Economy and Finance
Government announces sale of two dated securities worth Rs 32,000 crore
3 August 2026 | Reserve Bank of India
The RBI announced on 3 August 2026 that the Government of India will sell (re-issue) two dated securities for a notified amount of Rs 32,000 crore: 6.36% GS 2031 (Rs 21,000 crore) and 7.71% GS 2066 (Rs 11,000 crore).
The auction is announced for 7 August 2026 with settlement on 10 August 2026, using the multiple price method. The Government may retain additional subscription up to Rs 2,000 crore against each security.
Key facts- Notified amount: Rs 32,000 crore
- 6.36% GS 2031: Rs 21,000 crore
- 7.71% GS 2066: Rs 11,000 crore
- Greenshoe retention: up to Rs 2,000 crore each
Exam takeaway: A re-issue adds to an existing security.
Quick revision: Rs 32,000 crore G-Sec auction announced (RBI, 3 August 2026).
Reserve Bank of India original sourceGovernment Schemes
Samudra Manthan aims to add over 600 MMTOE of hydrocarbon reserves
3 August 2026 | Press Information Bureau
A PIB explainer of 3 August 2026 says Samudra Manthan has a Phase-I outlay of Rs 84,084 crore up to FY 2030-31 and is designed to unlock India's offshore hydrocarbon potential through accelerated exploration, modern technology, shared infrastructure and domestic manufacturing.
It aims to add over 600 MMTOE of hydrocarbon reserves, raise domestic production and reduce import dependence.
Key facts- Phase-I outlay: Rs 84,084 crore
- Period: up to FY 2030-31
- Target: over 600 MMTOE of reserves
- Aim: reduce import dependence
Exam takeaway: MMTOE means million metric tonnes of oil equivalent.
Quick revision: Samudra Manthan targets 600 MMTOE reserves (PIB, 3 August 2026).
Press Information Bureau original sourceAppointments, Awards and Important Days
RBI appoints Monisha Chakraborty as Executive Director
3 August 2026 | Reserve Bank of India
The RBI appointed Smt Monisha Chakraborty as Executive Director with effect from 3 August 2026. She was earlier Chief General Manager-in-Charge in the Department of Supervision, and has over three decades of experience in the RBI across Supervision, Foreign Exchange and Government and Bank Accounts.
As Executive Director she will look after the Foreign Exchange Department and the Financial Markets Regulation Department.
Key facts- Appointed: Monisha Chakraborty, Executive Director, RBI
- Effective: 3 August 2026
- Earlier post: CGM-in-Charge, Department of Supervision
- Portfolios: Foreign Exchange; Financial Markets Regulation
Exam takeaway: She has also served as Banking Ombudsman.
Quick revision: Monisha Chakraborty appointed RBI Executive Director (RBI, 3 August 2026).
Reserve Bank of India original sourceAppointments, Awards and Important Days
Vice Admiral Manish Chadha assumes charge as Director General Naval Operations
3 August 2026 | Press Information Bureau
PIB said Vice Admiral Manish Chadha, AVSM, VSM, assumed charge as Director General Naval Operations on 3 August 2026. He was commissioned into the Indian Navy on 1 July 1991 and is a Communication and Electronic Warfare Specialist.
He is an alumnus of the 78th course of the National Defence Academy and the Defence Services Staff College, Wellington.
Key facts- Appointed: Vice Admiral Manish Chadha, DGNO
- Assumed charge: 3 August 2026
- Commissioned: 1 July 1991
- Specialisation: Communication and Electronic Warfare
Exam takeaway: DGNO is a senior appointment at Naval Headquarters.
Quick revision: Manish Chadha takes charge as DGNO (PIB, 3 August 2026).
Press Information Bureau original source