Banking and RBI
Government approves one billion polymer banknotes each of Rs 10 and Rs 20 for field trials
11 August 2026 | CNBC TV18 and The Times of India (media reports; primary reply not read)
CNBC TV18 reported that the government approved a proposal to roll out one billion polymer banknotes each in the Rs 10 and Rs 20 denominations for field trials, Parliament was informed on Tuesday (11 August 2026). The Times of India reported that Finance Minister Nirmala Sitharaman gave the information in a written reply in the Rajya Sabha.
The proposal came from the RBI Central Board under Section 25 of the RBI Act, 1934. Regular issuance of the two denominations is proposed only after the trials succeed.
Key facts- Quantity: one billion pieces each of Rs 10 and Rs 20
- Purpose: field trials, regular issuance only after success
- Proposal from: RBI Central Board, Section 25 of RBI Act, 1934
- Informed in: Rajya Sabha, 11 August 2026
Exam takeaway: Section 25 of the RBI Act deals with the design of bank notes.
Quick revision: Polymer notes of Rs 10 and Rs 20 get field-trial nod (CNBC TV18, TOI, 11 August 2026).
CNBC TV18 and The Times of India (media reports; primary reply not read) original sourceEconomy and Finance
3-day VRRR auction of 11 August 2026: Rs 42,560 crore accepted at 5.24 per cent
11 August 2026 | Reserve Bank of India
In the 3-day Variable Rate Reverse Repo (VRRR) auction held on 11 August 2026 with a notified amount of Rs 1,25,000 crore, offers of Rs 42,560 crore were received and all were accepted.
The cut-off rate and the weighted average rate were both 5.24 per cent. Separately, the RBI held a second, overnight VRRR auction the same day with a notified amount of Rs 1,00,000 crore.
Key facts- Tenor: 3-day
- Notified: Rs 1,25,000 crore
- Offers received and accepted: Rs 42,560 crore
- Cut-off rate: 5.24%
Exam takeaway: VRRR absorbs surplus liquidity from the banking system.
Quick revision: RBI 3-day VRRR of 11 August: Rs 42,560 crore at 5.24% (RBI).
Reserve Bank of India original sourceGovernment Schemes
Proposed Container Manufacturing Assistance Scheme (CMAS) with Rs 10,000 crore outlay
11 August 2026 | Press Information Bureau
A PIB explainer said the proposed Container Manufacturing Assistance Scheme (CMAS), backed by an outlay of Rs 10,000 crore, seeks to promote manufacturing, investment and technology development across the container ecosystem.
PIB cited UNCTAD to say around 80 per cent of global merchandise trade by volume moves by sea, and that containerised cargo accounts for nearly two-thirds of the value of international trade.
Key facts- Scheme (proposed): Container Manufacturing Assistance Scheme (CMAS)
- Outlay: Rs 10,000 crore
- Aim: domestic container manufacturing base
- Sea share of global trade by volume: around 80% (UNCTAD, per PIB)
Exam takeaway: CMAS is described by PIB as a proposed scheme.
Quick revision: Container Manufacturing Assistance Scheme, Rs 10,000 crore (PIB, 11 August 2026).
Press Information Bureau original source