Economy and Finance
7-day VRRR auction of 17 August 2026: Rs 98,945 crore accepted at 5.24 per cent
17 August 2026 | Reserve Bank of India
In the 7-day Variable Rate Reverse Repo (VRRR) auction held on 17 August 2026, against a notified amount of Rs 2,00,000 crore, offers of Rs 98,945 crore were received and all accepted.
The cut-off rate and the weighted average rate were both 5.24 per cent.
Key facts- Tenor: 7-day
- Notified: Rs 2,00,000 crore
- Accepted: Rs 98,945 crore
- Cut-off rate: 5.24%
Exam takeaway: A 7-day VRRR absorbs liquidity for a week.
Quick revision: RBI 7-day VRRR of 17 August (RBI).
Reserve Bank of India original sourceGovernment Schemes
MeitY approves 31 more proposals under ECMS; 106 projects approved in total
17 August 2026 | Press Information Bureau
PIB said MeitY approved 31 more proposals under the Electronics Components Manufacturing Scheme (ECMS) with projected investment of Rs 6,844 crore, in continuation of 75 applications involving Rs 61,671 crore announced earlier. Union Minister Ashwini Vaishnaw attended the approvals event in New Delhi.
The release's headline said 106 ECMS projects have been approved with Rs 69,548 crore investment and around 75 thousand direct jobs, with 38 plants operational and 16 in advanced construction.
Key facts- New approvals: 31 proposals, Rs 6,844 crore
- Earlier: 75 applications, Rs 61,671 crore
- Total approved: 106 projects, Rs 69,548 crore
- Plants operational: 38
Exam takeaway: ECMS is run by the Ministry of Electronics and IT.
Quick revision: ECMS: 31 more proposals approved (PIB, 17 August 2026).
Press Information Bureau original sourceAppointments, Awards and Important Days
Anurag Jain takes charge as CEO of NITI Aayog
17 August 2026 | Mint (media report; primary page not read)
Mint reported that former Madhya Pradesh chief secretary Anurag Jain took charge as CEO of NITI Aayog on Monday (17 August 2026), succeeding B.V.R. Subrahmanyam. His appointment was approved for a two-year term.
He is a 1989-batch IAS officer of the Madhya Pradesh cadre and was earlier Secretary, Ministry of Road Transport and Highways.
Key facts- New NITI Aayog CEO: Anurag Jain
- Predecessor: B.V.R. Subrahmanyam
- Batch and cadre: 1989, Madhya Pradesh
- Term: two years
Exam takeaway: The NITI Aayog CEO is appointed by the Prime Minister.
Quick revision: Anurag Jain is NITI Aayog CEO (Mint, 17 August 2026).
Mint (media report; primary page not read) original source