August 2026 Compilation · Monthly Current Affairs

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 source

Banking and RBI

RBI MPC (62nd meeting, 3 to 5 August 2026): policy repo rate and stance

5 August 2026 | Reserve Bank of India

The Monetary Policy Committee held its 62nd meeting from 3 to 5 August 2026 under Governor Sanjay Malhotra. The MPC voted unanimously to keep the policy repo rate under the LAF unchanged at 5.25 per cent. The SDF rate remains 5.00 per cent and the MSF rate and Bank Rate remain 5.50 per cent. The MPC decided to continue with the neutral stance.

Real GDP growth for 2026-27 is projected at 6.7 per cent, with Q1 at 7.0, Q2 at 6.4, Q3 at 6.5 and Q4 at 6.8 per cent. CPI inflation for 2026-27 is projected at 5.0 per cent, with Q2 at 4.7, Q3 at 5.9 and Q4 at 5.5 per cent. CPI inflation rose to 4.4 per cent in June 2026 after 16 months below target.

Key facts

Policy repo rate: 5.25% (unchanged, unanimous)
SDF: 5.00%; MSF and Bank Rate: 5.50%
GDP growth projection 2026-27: 6.7%
CPI inflation projection 2026-27: 5.0%

Exam takeaway: The MPC has six members and the Governor chairs it.

Quick revision: MPC (3 to 5 August 2026): repo rate unchanged; stance neutral (RBI).

Reserve Bank of India original source

Banking and RBI

RBI to resume on-tap licensing of Urban Co-operative Banks

5 August 2026 | Reserve Bank of India

In its Statement on Developmental and Regulatory Policies of 5 August 2026, the RBI said that, after analysing feedback on the discussion paper on licensing of UCBs published on 13 January 2026 following a two-decade pause, it has decided to resume licensing of UCBs on an on-tap basis. Draft guidelines will be issued shortly for consultation.

The Statement also covers a review of the guidelines on Concentration Risk Management for Rural Co-operative Banks, which are governed by the Credit Monitoring Arrangement instructions of 2008.

Key facts

Discussion paper on UCB licensing: 13 January 2026
Decision: resume UCB licensing on an on-tap basis
Draft guidelines: to be issued shortly
Also: review of concentration risk norms for Rural Co-operative Banks

Exam takeaway: On-tap licensing means applications can be made at any time.

Quick revision: RBI to resume UCB licensing on tap (RBI, 5 August 2026).

Reserve Bank of India original source

Banking and RBI

RBI issues final Amendment Directions on recovery of loans and recovery agents

6 August 2026 | Reserve Bank of India

The RBI said on 6 August 2026 that, after examining feedback on the revised draft issued on 20 May 2026, it issued final Amendment Directions on 'Conduct of Regulated Entities in Recovery of Loans and Engagement of Recovery Agents'. They come into effect from 1 January 2027.

The Directions amend the Responsible Business Conduct Directions for commercial banks, small finance banks, local area banks, regional rural banks, urban co-operative banks and other regulated entities (Fourth Amendment Directions, 2026).

Key facts

Final directions issued: 6 August 2026
Revised draft issued: 20 May 2026
Effective from: 1 January 2027
Subject: recovery of loans and recovery agents

Exam takeaway: The directions govern how lenders and their agents recover loans.

Quick revision: RBI final directions on loan recovery conduct (RBI, 6 August 2026).

Reserve Bank of India original source

Banking and RBI

RBI invites comments on draft Credit Valuation Adjustment (CVA) Framework

7 August 2026 | Reserve Bank of India

The RBI on 7 August 2026 invited public comments on draft Directions on the 'Credit Valuation Adjustment (CVA) Framework'. CVA reflects the adjustment to default risk-free derivative prices to account for potential counterparty default; the CVA capital charge ensures banks hold enough capital against such risk.

The extant CVA framework dates from 2011 and was based on BCBS standards of 2010. The draft permits banks in India to adopt the basic approach (BA-CVA), in a full or reduced version, in line with the final Basel III framework.

Key facts

Draft issued: 7 August 2026
Existing framework: 2011 (BCBS 2010 standards)
Approach: basic approach (BA-CVA), full or reduced
Basis: final Basel III framework

Exam takeaway: BCBS is the Basel Committee on Banking Supervision.

Quick revision: RBI draft CVA framework (RBI, 7 August 2026).

Reserve Bank of India original source

Banking and RBI

RBI excludes advances against FCNR(B) and NRE term deposits from ANBC for priority sector targets

7 August 2026 (carried forward) | Reserve Bank of India

The RBI issued the Priority Sector Lending (Targets and Classification) Second Amendment Directions, 2026 on 7 August 2026. Advances against fresh FCNR(B) deposits of three to five years mobilised between 8 June and 30 September 2026, and against NRE term deposits of three years or more mobilised between 19 June and 30 September 2026, are excluded from Adjusted Net Bank Credit (ANBC).

The Directions follow the FCNR(B) swap facility announced in the Governor's Statement of 5 June 2026 and the CRR and SLR exemptions on such deposits.

Key facts

Issued: 7 August 2026
FCNR(B) window: 8 June to 30 September 2026
NRE term deposit window: 19 June to 30 September 2026
Effect: advances excluded from ANBC

Exam takeaway: ANBC is the base on which priority sector targets are computed.

Quick revision: PSL Second Amendment Directions: FCNR(B) and NRE advances excluded from ANBC (RBI, 7 August 2026).

Reserve Bank of India original source

Banking and RBI

Government announces sale of four dated securities worth Rs 32,000 crore, auction on 14 August

10 August 2026 (announcement) | Reserve Bank of India

The RBI announced, on behalf of the Government of India, the sale of four dated securities with a notified amount of Rs 32,000 crore. The auction is scheduled for 14 August 2026, with settlement on 17 August.

The securities are New GS 2029 (Rs 11,000 crore), New GS 2033 (Rs 11,000 crore), 7.24% GS 2055 (Rs 5,000 crore) and 7.50% GOI SGrB 2056 (Rs 5,000 crore). The Government may retain additional subscription of up to Rs 2,000 crore against each security.

Key facts

Notified amount: Rs 32,000 crore
Number of securities: four
Auction date (scheduled): 14 August 2026
Greenshoe: up to Rs 2,000 crore per security

Exam takeaway: This is an announcement; the result is a separate release.

Quick revision: G-Sec auction of Rs 32,000 crore announced (RBI, 10 August 2026).

Reserve Bank of India original source

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 source

Banking and RBI

RBI issues draft Interest Rates on Loans and Advances Directions, 2026 for public comments

12 August 2026 | Reserve Bank of India

Following the announcement in the Statement on Developmental and Regulatory Policies of 5 August 2026, the RBI issued the draft Reserve Bank of India (Interest Rates on Loans and Advances) Directions, 2026 for public comments on 12 August 2026.

The RBI said current interest rate instructions on advances apply mainly to commercial banks (including small finance banks and local area banks), with instructions for NBFCs, All India Financial Institutions, RRBs, UCBs and rural co-operative banks being largely separate. The draft covers these entities.

Key facts

Draft issued: 12 August 2026
Announced in: Statement on Developmental and Regulatory Policies, 5 August 2026
Objectives: monetary policy transmission, credit risk pricing, fair treatment of borrowers
Stage: draft, open for public comments

Exam takeaway: A draft is not final; comments are invited before issue.

Quick revision: Draft Interest Rates on Loans and Advances Directions (RBI, 12 August 2026).

Reserve Bank of India original source

Banking and RBI

RBI imposes Rs 1.80 lakh penalty on Valuefin India Credit Services Private Limited

13 August 2026 (order dated 11 August) | Reserve Bank of India

The RBI said that by an order dated 11 August 2026 it imposed a monetary penalty of Rs 1.80 lakh on Valuefin India Credit Services Private Limited for non-compliance with directions on 'Acquisition of Shareholding or Control'.

The penalty was imposed under Section 58G(1)(b) read with Section 58B(5)(aa) of the RBI Act, 1934, after the company failed to seek post-facto approval for acquisition of more than 26 per cent of its paid-up equity capital by new investors.

Key facts

Penalty: Rs 1.80 lakh
Order date: 11 August 2026
Provision: Section 58G(1)(b) read with 58B(5)(aa), RBI Act, 1934
Subject: acquisition of shareholding or control

Exam takeaway: Penalties do not comment on the validity of the underlying transactions.

Quick revision: RBI penalty on Valuefin India Credit Services (RBI, 13 August 2026).

Reserve Bank of India original source

Banking and RBI

RBI: FCNR(B) swap facility open only for deposits mobilised till 31 August 2026; inflows at US$ 56,846 million

14 August 2026 | Reserve Bank of India

The RBI said the special USD-INR Forex Swap facility for FCNR(B) deposits, ECBs and OFCB inflows, introduced on 8 June 2026, had drawn total inflows of US$ 56,846 million as reported by Authorised Dealer banks till 13 August 2026: FCNR(B) deposits US$ 52,300 million, OFCBs US$ 2,805 million and ECBs US$ 1,741 million.

Given the encouraging response, the swap facility for FCNR(B) deposits will be available only for deposits mobilised till 31 August 2026, and swaps may be availed with the RBI till 11 September 2026. The scheme for ECBs and OFCBs stays open till 31 December 2026.

Key facts

Total inflows till 13 Aug 2026: US$ 56,846 mn
FCNR(B) deposits: US$ 52,300 mn
FCNR(B) deposits eligible till: 31 August 2026
ECB and OFCB scheme open till: 31 December 2026

Exam takeaway: OFCB means Overseas Foreign Currency Borrowings.

Quick revision: FCNR(B) swap window curtailed to 31 August 2026 (RBI, 14 August 2026).

Reserve Bank of India original source

Banking and RBI

RBI imposes Rs 59.20 lakh penalty on IndusInd Bank Limited

14 August 2026 | Reserve Bank of India

The RBI said that by an order dated 14 August 2026 it imposed a monetary penalty of Rs 59.20 lakh on IndusInd Bank Limited for non-compliance with provisions of directions on 'Interest Rate on Deposits' and 'Securitisation of Standard Assets'.

The penalty was imposed under Section 47A(1)(c) read with Section 46(4)(i) of the Banking Regulation Act, 1949, based on a Statutory Inspection for Supervisory Evaluation with reference to the bank's financial position as on 31 March 2025.

Key facts

Penalty: Rs 59.20 lakh
Order date: 14 August 2026
Provision: Section 47A(1)(c) read with 46(4)(i), Banking Regulation Act, 1949
Subjects: interest rate on deposits, securitisation of standard assets

Exam takeaway: The Banking Regulation Act, 1949 governs penalties on banks.

Quick revision: RBI penalty on IndusInd Bank (RBI, 14 August 2026).

Reserve Bank of India original source

Banking and RBI

RBI Deputy Governor S.C. Murmu on collaborative cash ecosystems at Bank Indonesia forum

13 August 2026 (published 18 August) | Reserve Bank of India

The RBI published a keynote by Deputy Governor Shirish Chandra Murmu, delivered on 13 August 2026 in Jakarta at the Focus Group Discussion on Global Cash Management, 2026, organised by Bank Indonesia.

He said that despite revolutionary adoption of digital payments in India, cash in circulation has not declined, especially in rural and semi-urban areas, among low-income groups, older populations and small businesses.

Key facts

Speaker: Deputy Governor Shirish Chandra Murmu
Forum: Focus Group Discussion on Global Cash Management, 2026
Host: Bank Indonesia, Jakarta
Delivered: 13 August 2026

Exam takeaway: Currency management is a core function of central banks.

Quick revision: RBI DG Murmu keynote on cash ecosystems (RBI, 18 August 2026).

Reserve Bank of India original source

Banking and RBI

RBI publishes minutes of the 62nd Monetary Policy Committee meeting of 3 to 5 August 2026

19 August 2026 | Reserve Bank of India

The RBI published the minutes of the 62nd meeting of the Monetary Policy Committee (MPC), held on 3 to 5 August 2026 under Governor Sanjay Malhotra. Section 45ZL of the RBI Act, 1934 requires publication on the fourteenth day after every meeting.

The minutes record that the MPC voted unanimously on the resolution to keep the policy repo rate unchanged. Members present were Dr Nagesh Kumar, Saugata Bhattacharya, Prof Ram Singh, Dr Poonam Gupta and Indranil Bhattacharyya, besides the Governor.

Key facts

Meeting: 62nd MPC, 3 to 5 August 2026
Minutes published: 19 August 2026
Legal basis: Section 45ZL, RBI Act, 1934
Vote on resolution: unanimous

Exam takeaway: The MPC is constituted under Section 45ZB of the RBI Act, 1934.

Quick revision: MPC minutes published 14 days after the meeting (RBI, 19 August 2026).

Reserve Bank of India original source

Banking and RBI

RBI Forex Swap facility inflows reach US$ 72,848 million till 21 August 2026

22 August 2026 | Reserve Bank of India

The RBI said forex inflows under its special USD-INR Forex Swap facility, as reported by Authorised Dealer banks till 21 August 2026, totalled US$ 72,848 million: FCNR(B) deposits US$ 65,397 million, OFCBs US$ 4,860 million and ECBs US$ 2,591 million.

The scheme stays open till 31 August 2026 for FCNR(B) deposits and up to 31 December 2026 for ECBs and OFCBs, as announced on 14 August 2026. Inflows till 13 August had been US$ 56,846 million.

Key facts

Total inflows till 21 Aug 2026: US$ 72,848 mn
FCNR(B) deposits: US$ 65,397 mn
OFCBs: US$ 4,860 mn; ECBs: US$ 2,591 mn
FCNR(B) window closes: 31 August 2026

Exam takeaway: Compare with the US$ 56,846 million reported on 14 August.

Quick revision: Forex swap inflows at US$ 72,848 million (RBI, 22 August 2026).

Reserve Bank of India original source

Banking and RBI

PIB: RBI swap facility mobilised US$ 73 billion in under eleven weeks

24 August 2026 | Press Information Bureau

PIB said the RBI's special USD-INR forex swap facility for FCNR(B) deposits, OFCBs and ECBs, launched on 8 June 2026, mobilised total foreign exchange inflows of US$ 73 billion as on 21 August 2026, of which FCNR(B) deposits accounted for US$ 65.40 billion.

PIB said that US$ 73 billion in under eleven weeks, with another week to go, makes it the largest and fastest foreign-currency inflow of its kind, as cited in the release.

Key facts

Total inflows till 21 Aug 2026: US$ 73 billion
FCNR(B) deposits: US$ 65.40 billion
Facility launched: 8 June 2026
Time taken: under eleven weeks

Exam takeaway: The exact RBI figure was US$ 72,848 million (RBI release of 22 August).

Quick revision: Swap facility mobilises US$ 73 billion (PIB, 24 August 2026).

Press Information Bureau original source

Banking and RBI

Government announces re-issue of 6.94% GS 2036 for Rs 34,000 crore, auction on 28 August

24 August 2026 (announcement) | Reserve Bank of India

The RBI announced, on behalf of the Government of India, the sale (re-issue) of one dated security, 6.94% GS 2036 (repayment 11 May 2036), for a notified amount of Rs 34,000 crore. The auction is scheduled for 28 August 2026 with settlement on 31 August.

The Government has the option to retain additional subscription up to Rs 2,000 crore. This is an announcement; the result is a separate release.

Key facts

Security: 6.94% GS 2036
Notified amount: Rs 34,000 crore
Auction date (scheduled): 28 August 2026
Greenshoe: up to Rs 2,000 crore

Exam takeaway: This is a single-security auction, unlike the four-security sale of 14 August.

Quick revision: Rs 34,000 crore 6.94% GS 2036 auction announced (RBI, 24 August 2026).

Reserve Bank of India original source

Banking and RBI

Government appoints three more non-official Directors to RBI Central Board

24 August 2026 (media report) | The Indian Express (media report; primary page not read)

The Indian Express reported that the government appointed Annie George Mathew (former senior finance ministry official), Janmejaya Kumar Sinha (economist and management consultant) and Syed Akbaruddin (former diplomat) as part-time, non-official directors on the RBI Central Board for four years.

The appointments were approved by the Appointments Committee of the Cabinet under Section 8(1)(c) of the RBI Act, 1934. The report said the board's strength was 11 before the appointments, including the Governor and Deputy Governors, and becomes 14 after them.

Key facts

New directors: Annie George Mathew, Janmejaya Kumar Sinha, Syed Akbaruddin
Term: four years
Approved under: Section 8(1)(c), RBI Act, 1934
Board strength after appointments: 14 (reported)

Exam takeaway: Earlier on 20 August, S. Somanath and Anand Mahindra were named to the board.

Quick revision: Three more RBI Central Board directors (Indian Express, 24 August 2026).

The Indian Express (media report; primary page not read) original source

Banking and RBI

RBI Bulletin August 2026: State of the Economy article released

25 August 2026 | Reserve Bank of India

The RBI released the August 2026 issue of its monthly Bulletin, which includes the bi-monthly monetary policy statement of 3 to 5 August 2026, six speeches, one article and current statistics. The article is on the State of the Economy.

It says the domestic economy showed resilience, the south-west monsoon picked up in July after a June deficit, headline CPI inflation rose fractionally on food inflation while core inflation remained stable, and foreign capital inflows rebounded. The views are those of the authors and not of the RBI.

Key facts

Release: RBI Bulletin, August 2026
Article: State of the Economy
Monsoon: picked up in July after June deficit
Core inflation: stable

Exam takeaway: Bulletin articles carry the authors' views, not the RBI's.

Quick revision: RBI Bulletin August 2026 (RBI, 25 August 2026).

Reserve Bank of India original source

Banking and RBI

RBI imposes Section 35A directions on The Citizens Co-operative Bank Ltd., Jammu; withdrawal cap Rs 1,25,000

27 August 2026 | Reserve Bank of India

The RBI issued Directions dated 25 August 2026 under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to The Citizens Co-operative Bank Ltd., Jammu. From the close of business on 27 August 2026 the bank cannot, without prior RBI approval, grant or renew loans, make investments, incur liabilities or accept fresh deposits.

Depositors may withdraw up to Rs 1,25,000 per depositor, and eligible depositors are entitled to DICGC deposit insurance up to Rs 5,00,000 in the same capacity and right under the DICGC Act, 1961.

Key facts

Bank: The Citizens Co-operative Bank Ltd., Jammu
Effective: close of business on 27 August 2026
Withdrawal cap: Rs 1,25,000 per depositor
DICGC insurance cover: up to Rs 5,00,000

Exam takeaway: Section 35A with Section 56 applies these powers to co-operative banks.

Quick revision: Directions on Citizens Co-operative Bank, Jammu (RBI, 27 August 2026).

Reserve Bank of India original source

Banking and RBI

Government announces Rs 30,000 crore buyback of four securities, auction on 3 September 2026

28 August 2026 (announcement) | Reserve Bank of India

The RBI announced that the Government of India will buy back securities through auction for an aggregate Rs 30,000 crore (face value). The securities are 7.33% GS 2026, 5.74% GS 2026, 8.15% GS 2026 and 8.24% GS 2027, with no notified amount for individual securities.

Offers are to be submitted on the e-Kuber system on 3 September 2026, between 10:30 and 11:30 a.m. The result is to be announced the same day and settlement is on 4 September. This is an announcement; the result is a separate release.

Key facts

Aggregate ceiling: Rs 30,000 crore
Securities: four, maturing Oct 2026 to Feb 2027
Auction date (scheduled): 3 September 2026
Settlement (scheduled): 4 September 2026

Exam takeaway: The same four securities featured in the 6 August buyback result.

Quick revision: Rs 30,000 crore buyback announced (RBI, 28 August 2026).

Reserve Bank of India original source

Banking and RBI

Lending and Deposit Rates of Scheduled Commercial Banks, August 2026: WALR 8.97 per cent

31 August 2026 | Reserve Bank of India

RBI data on lending and deposit rates showed the weighted average lending rate (WALR) on outstanding rupee loans of scheduled commercial banks at 8.97 per cent in July 2026 (8.96 per cent in June 2026). The WALR on fresh rupee loans declined marginally to 8.52 per cent from 8.53 per cent.

The 1-year median Marginal Cost of Funds based Lending Rate (MCLR) stood at 8.70 per cent in August 2026, against 8.60 per cent in July 2026. The data exclude regional rural banks and small finance banks.

Key facts

WALR, outstanding loans (July 2026): 8.97%
WALR, fresh loans (July 2026): 8.52%
1-year median MCLR (August 2026): 8.70%
Previous month MCLR: 8.60%

Exam takeaway: MCLR is the internal benchmark for lending rates introduced in April 2016.

Quick revision: RBI lending and deposit rates, August 2026 release (RBI).

Reserve Bank of India original source

Economy 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 source

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 source

Economy and Finance

G-Sec buyback auction result of 6 August 2026: Rs 5,711.695 crore accepted

6 August 2026 | Reserve Bank of India

In the buyback auction of Government of India dated securities held on 6 August 2026, against an aggregate notified amount of Rs 20,000 crore, participants offered Rs 10,333.945 crore (face value) and Rs 5,711.695 crore was accepted.

The largest acceptance was in 5.74% GS 2026 (Rs 3,360 crore). Cut-off prices were Rs 100.45 (7.33% GS 2026), Rs 100.10 (5.74% GS 2026), Rs 100.81 (8.15% GS 2026) and Rs 101.39 (8.24% GS 2027).

Key facts

Notified: Rs 20,000 crore
Offered: Rs 10,333.945 crore
Accepted: Rs 5,711.695 crore
Largest acceptance: 5.74% GS 2026

Exam takeaway: This is the second buyback result in the series after 28 July 2026.

Quick revision: G-Sec buyback of 6 August accepted Rs 5,711.695 crore (RBI).

Reserve Bank of India original source

Economy and Finance

India's forex reserves at US$ 692.866 billion as on 31 July 2026

Week ended 31 July 2026 (published 7 August) | Reserve Bank of India

RBI's Weekly Statistical Supplement extract shows India's total reserves at US$ 692,866 million (Rs 66,12,148 crore) as on 31 July 2026, up US$ 10,512 million over the week.

Foreign currency assets were US$ 564,680 million, up US$ 8,750 million over the week.

Key facts

Total reserves: US$ 692,866 mn
Weekly rise: US$ 10,512 mn
Foreign currency assets: US$ 564,680 mn
Reference date: 31 July 2026

Exam takeaway: Reserves = foreign currency assets, gold, SDRs and the reserve tranche position.

Quick revision: Forex reserves, week to 31 July 2026: US$ 692.866 bn (RBI WSS).

Reserve Bank of India original source

Economy and Finance

India crosses 300 GW non-fossil fuel power capacity as on 31 July 2026

9 August 2026 | Press Information Bureau

PIB said India crossed 300 GW of non-fossil fuel-based installed electricity capacity as on 31 July 2026, over 60 per cent of the 500 GW targeted by 2030. The total stood at 300.50 GW.

The breakdown was solar 164.59 GW, wind 58.14 GW, hydro (large and small) 57.24 GW, bio-power 11.75 GW and nuclear 8.78 GW. Non-fossil share of total installed capacity (about 552 GW) reached over 54 per cent.

Key facts

Non-fossil capacity: 300.50 GW (31 July 2026)
Solar: 164.59 GW; wind: 58.14 GW
Share of total capacity: over 54%
Target: 500 GW by 2030

Exam takeaway: Know the 500 GW non-fossil target for 2030.

Quick revision: India crosses 300 GW non-fossil capacity (PIB, 9 August 2026).

Press Information Bureau original source

Economy and Finance

SGB premature redemption price of Rs 14,957 per unit for 11 August 2026

10 August 2026 | Reserve Bank of India

The RBI announced that premature redemption of Sovereign Gold Bond (SGB) 2019-20 Series IX and SGB 2020-21 Series V falls due on 11 August 2026. The redemption price is Rs 14,957 per unit.

The price is the simple average of the closing gold price for the three business days of 6, 7 and 10 August 2026. Premature redemption is permitted after the fifth year from the issue date, on an interest payment date.

Key facts

Redemption date: 11 August 2026
Price: Rs 14,957 per unit
Tranches: SGB 2019-20 Series IX, SGB 2020-21 Series V
Basis: simple average of closing gold price of three business days

Exam takeaway: Premature redemption of an SGB is allowed after the fifth year.

Quick revision: SGB premature redemption price Rs 14,957 (RBI, 10 August 2026).

Reserve Bank of India original source

Economy 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 source

Economy and Finance

Government announces Rs 30,000 crore conversion/switch of securities, auction on 17 August

12 August 2026 (announcement) | Reserve Bank of India

The Government of India announced a conversion/switch of its securities through auction for an aggregate Rs 30,000 crore (face value). The auction is scheduled for 17 August 2026.

Source securities include 8.26% GS 2027 (Rs 2,000 crore) and 7.88% GS 2030 (Rs 5,000 crore); destination securities include 7.19% GS 2060 and 6.67% GS 2035.

Key facts

Aggregate amount: Rs 30,000 crore (face value)
Auction date (scheduled): 17 August 2026
Example source: 8.26% GS 2027
Example destination: 7.19% GS 2060

Exam takeaway: A switch exchanges short-dated securities for longer ones to smooth the maturity profile.

Quick revision: Rs 30,000 crore G-Sec switch announced (RBI, 12 August 2026).

Reserve Bank of India original source

Economy and Finance

RBI announces 3-day VRRR auction of Rs 1,50,000 crore for 14 August 2026

13 August 2026 (announcement) | Reserve Bank of India

On 13 August 2026 the RBI announced a 3-day Variable Rate Reverse Repo (VRRR) auction under the Liquidity Adjustment Facility for Friday, 14 August 2026, with a notified amount of Rs 1,50,000 crore. The window is 9:30 AM to 10:00 AM and the date of reversal is 17 August 2026.

This is an announcement; the auction result is published separately.

Key facts

Tenor: 3 days
Notified amount: Rs 1,50,000 crore
Auction date (scheduled): 14 August 2026
Reversal date: 17 August 2026

Exam takeaway: The notified amount of the VRRR rose from Rs 1,25,000 crore on 11 August.

Quick revision: RBI announces Rs 1,50,000 crore 3-day VRRR (RBI, 13 August 2026).

Reserve Bank of India original source

Economy and Finance

G-Sec auction result of 14 August 2026: all four securities fully accepted, Rs 32,000 crore

14 August 2026 | Reserve Bank of India

The results of the auction of Government dated securities held on 14 August 2026 show full acceptance of the notified Rs 32,000 crore with nil devolvement on primary dealers. The cut-off was 6.20 per cent for New GS 2029 and 6.57 per cent for New GS 2033.

The 7.24% GS 2055 was accepted at a cut-off price of Rs 98.66 (implicit yield 7.3523 per cent) and the 7.50% GOI SGrB 2056 at Rs 102.19 (7.3169 per cent). This is the result of the sale announced on 10 August 2026.

Key facts

Amount accepted: Rs 32,000 crore (all four)
New GS 2029 cut-off: 6.20%; New GS 2033: 6.57%
7.24% GS 2055 implicit yield: 7.3523%
Devolvement on primary dealers: nil

Exam takeaway: Nil devolvement means primary dealers had to take up no unsold amount.

Quick revision: G-Sec auction of 14 August fully accepted (RBI).

Reserve Bank of India original source

Economy and Finance

PM highlights 12 years of change: mobile phone production up 35 times, digital transactions up about 100 times

15 August 2026 | Press Information Bureau

PIB reported that in the Independence Day address the Prime Minister cited changes over the last 12 years: defence production up nearly 4 times, electronics manufacturing nearly 7 times, modern railway coach production 21 times and mobile phone production 35 times.

He also cited internet consumers up nearly 4 times, patent grants up 4 times and digital transactions up around 100 times.

Key facts

Mobile phone production: up 35 times
Digital transactions: up around 100 times
Railway coach production (modern): up 21 times
Defence production: up nearly 4 times

Exam takeaway: Figures are the Prime Minister's claims as reported by PIB.

Quick revision: PM's 12-year figures (PIB, 15 August 2026).

Press Information Bureau original source

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 source

Economy and Finance

Overnight VRRR auction of 20 August 2026: Rs 1,00,032 crore accepted with partial acceptance at cut-off

20 August 2026 | Reserve Bank of India

In the overnight Variable Rate Reverse Repo (VRRR) auction held on 20 August 2026, against a notified amount of Rs 1,00,000 crore, offers of Rs 1,36,732 crore were received and Rs 1,00,032 crore was accepted.

The cut-off rate and weighted average rate were 5.24 per cent, with partial acceptance of 72.31 per cent of offers received at the cut-off rate.

Key facts

Notified: Rs 1,00,000 crore
Offers received: Rs 1,36,732 crore
Accepted: Rs 1,00,032 crore
Partial acceptance at cut-off: 72.31%

Exam takeaway: Offers exceeded the notified amount, hence partial acceptance.

Quick revision: RBI overnight VRRR of 20 August (RBI).

Reserve Bank of India original source

Economy and Finance

India's forex reserves at US$ 716.907 billion as on 14 August 2026

Week ended 14 August 2026 (published 21 August) | Reserve Bank of India

RBI's Weekly Statistical Supplement extract shows India's total reserves at US$ 716,907 million (Rs 68,41,778 crore) as on 14 August 2026, up US$ 9,905 million over the week.

This compares with US$ 692,866 million as on 31 July 2026 reported in the 7 August edition.

Key facts

Total reserves: US$ 716,907 mn
Weekly rise: US$ 9,905 mn
Reference date: 14 August 2026
Earlier reading: US$ 692,866 mn (31 July 2026)

Exam takeaway: The rise coincides with FCNR(B) swap inflows.

Quick revision: Forex reserves at US$ 716.907 bn (RBI WSS, 21 August 2026).

Reserve Bank of India original source

Economy and Finance

RBI announces auction of Treasury Bills worth Rs 24,000 crore on 27 August 2026

21 August 2026 (announcement) | Reserve Bank of India

The RBI announced an auction of Government of India Treasury Bills: Rs 9,000 crore of 91-day, Rs 8,000 crore of 182-day and Rs 7,000 crore of 364-day bills, a total of Rs 24,000 crore. The auction is scheduled for 27 August 2026 with settlement on 28 August.

Individuals can participate as retail investors on a non-competitive basis. This is an announcement; the result is a separate release.

Key facts

Total notified: Rs 24,000 crore
91-day: Rs 9,000 crore
182-day: Rs 8,000 crore; 364-day: Rs 7,000 crore
Auction date (scheduled): 27 August 2026

Exam takeaway: Treasury bills are issued in three tenors: 91, 182 and 364 days.

Quick revision: Rs 24,000 crore T-bill auction announced (RBI, 21 August 2026).

Reserve Bank of India original source

Economy and Finance

India and ADB sign US$ 230 million loan for Chennai water and sanitation

21 August 2026 (carried forward) | Press Information Bureau

PIB said the Government of India and the Asian Development Bank (ADB) signed a US$ 230 million loan to modernise and expand Chennai's water supply and sanitation infrastructure, under the Chennai Climate-Resilient Water Security and Sewerage Project.

The documents were signed by Saurabh Singh, Deputy Secretary, DEA, for India and Mio Oka, ADB Country Director, India Resident Mission.

Key facts

Loan: US$ 230 million
Project: Chennai Climate-Resilient Water Security and Sewerage Project
Lender: Asian Development Bank
Signed for India by: Saurabh Singh, DEA

Exam takeaway: The project aligns with AMRUT 2.0 and the Urban Challenge Fund.

Quick revision: ADB US$ 230 million loan for Chennai (PIB, 21 August 2026).

Press Information Bureau original source

Economy and Finance

Goyal in Tokyo: India to amend rules within two months for semiconductor and auto component makers

24 August 2026 | ThePrint / PTI (media report; primary page not read)

PTI reported that Commerce and Industry Minister Piyush Goyal said in Tokyo on Monday (24 August 2026) that India will amend its regulations within the next two months to address concerns of semiconductor equipment and auto component manufacturers. He was speaking at a fireside chat with Nikkei Asia.

He said the government has significantly simplified the Bureau of Indian Standards (BIS) framework and is working to ease the approval process.

Key facts

Speaker: Piyush Goyal
Location: Tokyo
Timeline promised: within two months
Regulatory area mentioned: BIS framework

Exam takeaway: BIS is the Bureau of Indian Standards.

Quick revision: Goyal promises rule amendments in two months (PTI via ThePrint, 24 August 2026).

ThePrint / PTI (media report; primary page not read) original source

Economy and Finance

7-day VRRR of 24 August 2026: Rs 91,980 crore outstanding at 5.24 per cent

24 August 2026 (reported 25 August) | Reserve Bank of India

RBI's Money Market Operations release for 24 August 2026, published on 25 August, shows a 7-day Variable Rate Reverse Repo operation of Rs 91,980 crore at a cut-off rate of 5.24 per cent, maturing on 31 August 2026, and a 1-day VRRR of Rs 49,206 crore at 5.24 per cent.

Standing Deposit Facility absorbed Rs 2,30,750 crore at 5.00 per cent and MSF drawings were Rs 439 crore at 5.50 per cent that day.

Key facts

7-day VRRR: Rs 91,980 crore at 5.24%
1-day VRRR: Rs 49,206 crore at 5.24%
SDF: Rs 2,30,750 crore at 5.00%
MSF: Rs 439 crore at 5.50%

Exam takeaway: SDF at 5.00% and MSF at 5.50% frame the corridor around the 5.25% repo rate.

Quick revision: Money market operations of 24 August (RBI, 25 August 2026).

Reserve Bank of India original source

Economy and Finance

Overnight VRRR auction of 27 August 2026: Rs 1,42,622 crore accepted at 5.24 per cent

27 August 2026 | Reserve Bank of India

In the overnight Variable Rate Reverse Repo (VRRR) auction held on 27 August 2026, against a notified amount of Rs 2,00,000 crore, offers of Rs 1,42,622 crore were received and all accepted at a cut-off rate of 5.24 per cent.

The weighted average rate was also 5.24 per cent.

Key facts

Tenor: overnight (1-day)
Notified: Rs 2,00,000 crore
Accepted: Rs 1,42,622 crore
Cut-off rate: 5.24%

Exam takeaway: Compare with the 7-day VRRR of 17 August (Rs 98,945 crore).

Quick revision: RBI overnight VRRR of 27 August (RBI).

Reserve Bank of India original source

Economy and Finance

3-day VRRR auction of 28 August 2026: Rs 1,52,537 crore accepted at 5.24 per cent

28 August 2026 | Reserve Bank of India

In the 3-day Variable Rate Reverse Repo (VRRR) auction held on 28 August 2026, against a notified amount of Rs 3,00,000 crore, offers of Rs 1,52,537 crore were received and all accepted.

The cut-off rate and weighted average rate were both 5.24 per cent.

Key facts

Tenor: 3-day
Notified: Rs 3,00,000 crore
Accepted: Rs 1,52,537 crore
Cut-off rate: 5.24%

Exam takeaway: Notified amounts rose from Rs 1,25,000 crore on 11 August.

Quick revision: RBI 3-day VRRR of 28 August (RBI).

Reserve Bank of India original source

Economy and Finance

India's forex reserves at US$ 729.328 billion as on 21 August 2026

Week ended 21 August 2026 (published 28 August) | Reserve Bank of India

RBI's Weekly Statistical Supplement extract shows India's total reserves at US$ 729,328 million (Rs 69,81,330 crore) as on 21 August 2026, up US$ 12,422 million over the week and US$ 38,221 million above end-March 2026.

The previous reading was US$ 716,907 million as on 14 August 2026.

Key facts

Total reserves: US$ 729,328 mn
Weekly rise: US$ 12,422 mn
Rise over end-March 2026: US$ 38,221 mn
Reference date: 21 August 2026

Exam takeaway: The rise coincides with the FCNR(B) swap inflows.

Quick revision: Forex reserves at US$ 729.328 bn (RBI WSS, published 28 August 2026).

Reserve Bank of India original source

Economy and Finance

RBI announces overnight VRRR auction of Rs 4,00,000 crore for 31 August 2026

31 August 2026 | Reserve Bank of India

The RBI announced a second Variable Rate Reverse Repo (VRRR) auction under the LAF on Monday, 31 August 2026, after a review of current and evolving liquidity conditions. The notified amount was Rs 4,00,000 crore for a 1-day tenor, window 11:00 to 11:30 a.m., with reversal on 1 September 2026.

The operational guidelines remain those in RBI Press Release 2019-2020/1947 dated 13 February 2020. This was an announcement; the result is a separate release.

Key facts

Notified amount: Rs 4,00,000 crore
Tenor: 1 day
Window: 11:00 to 11:30 a.m.
Reversal date: 1 September 2026

Exam takeaway: VRRR absorbs liquidity from the banking system.

Quick revision: Overnight VRRR announced for 31 August 2026 (RBI).

Reserve Bank of India original source

Appointments, 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

Appointments, Awards and Important Days

Varsha Ashok Aglawe becomes first woman Director General of the Geological Survey of India

31 July 2026 | Press Information Bureau

This item is carried forward from 31 July 2026. PIB said Smt Varsha Ashok Aglawe assumed charge as the 54th Director General of the Geological Survey of India (GSI), becoming the first woman to head the organisation in its 176-year history.

She succeeds Shri Asit Saha as Director General.

Key facts

Appointed: Varsha Ashok Aglawe, 54th DG, GSI
First woman to head GSI in its 176-year history
Predecessor: Asit Saha
Date: 31 July 2026

Exam takeaway: GSI is India's premier geoscientific organisation.

Quick revision: Varsha Aglawe first woman GSI Director General (PIB, 31 July 2026).

Press Information Bureau original source

Appointments, 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 source

Appointments, 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

Appointments, Awards and Important Days

Manoj Kumar Dwivedi takes charge as NDMC Chairperson

7 August 2026 (reported 8 August) | Daily Pioneer (media report; primary page not read)

The Daily Pioneer reported that Manoj Kumar Dwivedi, a 1997 batch IAS officer of the AGMUT cadre, assumed charge as Chairperson of the New Delhi Municipal Council on Friday (7 August 2026).

He succeeded Keshav Chandra, who has been appointed Secretary in the Ministry of Coal. Chandra had led NDMC from November 2024 to July 2026.

Key facts

New NDMC Chairperson: Manoj Kumar Dwivedi
Batch and cadre: 1997, AGMUT
Predecessor: Keshav Chandra
Predecessor's new post: Secretary, Ministry of Coal

Exam takeaway: NDMC is the New Delhi Municipal Council.

Quick revision: Manoj Kumar Dwivedi is NDMC Chairperson (Daily Pioneer, 8 August 2026).

Daily Pioneer (media report; primary page not read) original source

Appointments, Awards and Important Days

Air India appoints Tewolde Gebremariam as CEO and Managing Director

8 August 2026 | eGlobal Travel Media (media report; primary page not read)

eGlobal Travel Media reported that the Air India Board announced the appointment of Tewolde Gebremariam as Chief Executive Officer and Managing Director, succeeding Campbell Wilson.

The report said a Board committee led the search, evaluating internal and external candidates.

Key facts

New Air India CEO and MD: Tewolde Gebremariam
Succeeds: Campbell Wilson
Announced by: Air India Board
Reported on: 8 August 2026

Exam takeaway: Appointment questions often pair the person with the predecessor.

Quick revision: Air India names Tewolde Gebremariam CEO (eGlobal Travel Media, 8 August 2026).

eGlobal Travel Media (media report; primary page not read) original source

Appointments, Awards and Important Days

Centre extends ED Director Rahul Navin's tenure till 13 August 2027

8 August 2026 order (reported 9 August) | India Today (media report; primary order not read)

India Today reported that the Appointments Committee of the Cabinet, in an order issued on Saturday (8 August 2026), extended the tenure of Enforcement Directorate Director Rahul Navin by one year beyond 13 August 2026.

He will remain ED chief until 13 August 2027.

Key facts

Post: Director, Enforcement Directorate
Officer: Rahul Navin
Extension: one year
New end date: 13 August 2027

Exam takeaway: Tenure extensions are approved by the Appointments Committee of the Cabinet.

Quick revision: Rahul Navin ED tenure extended to 13 August 2027 (India Today, 9 August 2026).

India Today (media report; primary order not read) original source

Appointments, Awards and Important Days

Dr Srinivasa Kumar Tummala assumes charge as Secretary, Ministry of Earth Sciences

10 August 2026 | Press Information Bureau

PIB said Dr Srinivasa Kumar Tummala, an oceanographer, assumed charge as Secretary of the Ministry of Earth Sciences (MoES). He takes over from Dr N. Kalaiselvi, who held MoES under additional charge.

The full-time post was earlier held by Dr M. Ravichandran. PIB links the appointment to the Deep Ocean Mission, climate modelling and multi-hazard early warning.

Key facts

Post: Secretary, Ministry of Earth Sciences
Officer: Dr Srinivasa Kumar Tummala
Earlier additional charge: Dr N. Kalaiselvi
Earlier full-time Secretary: Dr M. Ravichandran

Exam takeaway: MoES runs the Deep Ocean Mission.

Quick revision: Dr Srinivasa Kumar Tummala is MoES Secretary (PIB, 10 August 2026).

Press Information Bureau original source

Appointments, Awards and Important Days

Partition Horrors Remembrance Day observed on 14 August 2026

14 August 2026 (reported 15 August) | Press Information Bureau

PIB said the Ministry of Culture observed Partition Horrors Remembrance Day on 14 August 2026 with commemorative programmes in Delhi, Amritsar and Kolkata, remembering the victims of Partition.

The main observance in New Delhi was held at Central Park, Connaught Place, attended by Vivek Agarwal, Secretary, Ministry of Culture.

Key facts

Day observed: 14 August 2026
Ministry: Ministry of Culture
Cities named: Delhi, Amritsar, Kolkata
Main Delhi venue: Central Park, Connaught Place

Exam takeaway: Partition Horrors Remembrance Day is observed every year on 14 August.

Quick revision: Partition Horrors Remembrance Day observed (PIB, 15 August 2026).

Press Information Bureau original source

Appointments, 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

Appointments, Awards and Important Days

S. Somanath appointed, Anand Mahindra re-appointed as non-official Directors on RBI Central Board

20 August 2026 | The Hindu BusinessLine (media report; primary page not read)

The Hindu BusinessLine reported that the Central government appointed former ISRO Chairman Somanath Sreedhara Panicker (S. Somanath) and re-appointed industrialist Anand Gopal Mahindra as part-time, non-official Directors on the Central Board of the Reserve Bank of India.

The appointments are for four years from 20 August 2026 or until further orders, whichever is earlier.

Key facts

New non-official Director: S. Somanath, former ISRO Chairman
Re-appointed: Anand Mahindra
Term: four years from 20 August 2026
Type: part-time, non-official Directors

Exam takeaway: The Central Board of the RBI includes non-official Directors nominated by the Government.

Quick revision: RBI Central Board appointments (The Hindu BusinessLine, 20 August 2026).

The Hindu BusinessLine (media report; primary page not read) original source

Appointments, Awards and Important Days

NEET-PG 2026 held on 30 August 2026 for 2.73 lakh scheduled candidates

30 August 2026 | Press Information Bureau

PIB said the National Board of Examinations in Medical Sciences (NBEMS) conducted the NEET-PG 2026 examination on 30 August 2026. It was scheduled for 2,73,096 candidates at 1,111 centres in 339 cities, covering all 36 States and Union Territories.

A total of 2,65,980 candidates appeared, and the examination was completed for approximately 2,63,535 candidates. 2,527 faculty members were appointed as Independent Appraisers to oversee the conduct of the examination.

Key facts

Conducting body: NBEMS
Scheduled candidates: 2,73,096
Centres: 1,111 in 339 cities
Candidates appeared: 2,65,980

Exam takeaway: NBEMS stands for National Board of Examinations in Medical Sciences.

Quick revision: NEET-PG 2026 conducted (PIB, 30 August 2026).

Press Information Bureau original source

National and International Affairs

Amit Shah approves advance release of Rs 2,117.85 crore SDRF for flood-hit States

1 August 2026 | Press Information Bureau

This item is carried forward from 1 August 2026 (PIB posted it that evening). Union Home Minister Amit Shah approved the advance release of Rs 2,117.85 crore from the Central share of the State Disaster Response Fund (SDRF) to States affected by floods during the southwest monsoon of 2026.

PIB said Inter-Ministerial Central Teams (IMCTs) were deputed to Arunachal Pradesh and Assam, with two IMCT visits in Assam, and an IMCT is being constituted for Nagaland. Of the seven affected States, Himachal Pradesh, Odisha and Nagaland had already received the first instalment of SDRF for 2026-27.

Key facts

Advance SDRF release: Rs 2,117.85 crore
Approved by: Union Home Minister Amit Shah
IMCTs deputed to: Arunachal Pradesh and Assam
Affected States: seven

Exam takeaway: SDRF is the State Disaster Response Fund, with a Central share.

Quick revision: Advance SDRF release Rs 2,117.85 crore (PIB, 1 August 2026).

Press Information Bureau original source

National and International Affairs

Prime Minister marks seven years since the abrogation of Articles 370 and 35(A)

5 August 2026 | Press Information Bureau

PIB said Prime Minister Narendra Modi marked seven years since the abrogation of Articles 370 and 35(A) on 5 August 2019, saying the people of Jammu and Kashmir and Ladakh have seen wide-ranging transformation, with expanded infrastructure and new opportunities in education, healthcare, entrepreneurship and sports.

He noted that this year's anniversary coincides with the 125th birth anniversary of Dr Syama Prasad Mookerjee.

Key facts

Anniversary: seven years since 5 August 2019
Articles abrogated: 370 and 35(A)
Regions: Jammu and Kashmir, and Ladakh
Also marked: 125th birth anniversary of Dr Syama Prasad Mookerjee

Exam takeaway: Articles 370 and 35(A) were abrogated on 5 August 2019.

Quick revision: PM marks seven years of Article 370 abrogation (PIB, 5 August 2026).

Press Information Bureau original source

Reports, Indices, Science and Technology

India's solar capacity reaches 162.15 GW till 30 June 2026

2 August 2026 | Press Information Bureau

A PIB explainer of 2 August 2026 says India's solar capacity has grown from about 3 GW in 2014 to 162.15 GW till 30 June 2026, more than fiftyfold, forming the largest share of renewable capacity.

It notes the approval of the Pradhan Mantri Surya Sarovar Yojana (PM-SSY), which aims to develop 5,000 MW of floating solar capacity backed by energy storage.

Key facts

Solar capacity: 162.15 GW till 30 June 2026
Capacity in 2014: about 3 GW
Growth: more than fiftyfold
PM-SSY target: 5,000 MW floating solar with storage

Exam takeaway: Solar forms the largest share of India's renewable capacity.

Quick revision: India's solar capacity 162.15 GW (PIB, 2 August 2026).

Press Information Bureau original source

Government 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 source

Government Schemes

Six coal blocks auctioned in the 15th round and 2nd attempt of the 13th round

4 August 2026 | Press Information Bureau

PIB said the Ministry of Coal successfully auctioned six coal blocks under the 15th round and 2nd attempt of the 13th round of commercial coal mine auctions. The rounds were launched on 17 April 2026, and forward auctions were held from 3 to 4 August 2026.

Four of the six blocks are fully explored and two are partially explored. Together they hold geological reserves of about 1,503.93 million tonnes with a cumulative Peak Rated Capacity of 11.62 MTPA.

Key facts

Blocks auctioned: six
Rounds launched: 17 April 2026
Geological reserves: about 1,503.93 million tonnes
Cumulative PRC: 11.62 MTPA

Exam takeaway: Commercial coal auctions are run by the Ministry of Coal.

Quick revision: Six coal blocks auctioned (PIB, 4 August 2026).

Press Information Bureau original source

Government Schemes

Shipbuilding Financial Assistance Scheme Rs 24,736 crore; Maritime Development Fund Rs 25,000 crore

4 August 2026 | Press Information Bureau

In a Parliament answer, PIB said the Government has approved the Shipbuilding Financial Assistance Scheme (SBFAS), an extension of the Shipbuilding Financial Assistance Policy, with an outlay of Rs 24,736 crore to address the cost disadvantage of Indian shipyards. Guidelines were issued on 26 December 2025.

The Maritime Development Fund (MDF) has a corpus of Rs 25,000 crore, comprising a Maritime Investment Fund of Rs 20,000 crore with 49 per cent Government participation and an Interest Incentivization Fund of Rs 5,000 crore. MDF guidelines were issued on 20 February 2026 and SBI Ventures Limited is the Fund Manager.

Key facts

SBFAS outlay: Rs 24,736 crore
MDF corpus: Rs 25,000 crore
Maritime Investment Fund: Rs 20,000 crore
Interest Incentivization Fund: Rs 5,000 crore

Exam takeaway: MDF supports long-term financing for shipbuilding and the maritime sector.

Quick revision: SBFAS Rs 24,736 crore and MDF Rs 25,000 crore (PIB, 4 August 2026).

Press Information Bureau original source

Government Schemes

20 industrial nodes approved under NICDP; Rs 16,172.95 crore sanctioned

4 August 2026 | Press Information Bureau

PIB said the Government has approved 20 industrial nodes under the National Industrial Corridor Development Programme (NICDP) and sanctioned Rs 16,172.95 crore for industrial corridor development. Four industrial corridor projects have been completed and the remaining nodes are being fast-tracked.

Townships are developed through Special Purpose Vehicles formed jointly with State Governments; States contribute land and the Government of India contributes equity and/or debt.

Key facts

Industrial nodes approved: 20
Sanctioned: Rs 16,172.95 crore
Corridor projects completed: four
Contribution: States give land; Centre gives equity or debt

Exam takeaway: NICDP develops industrial townships through State-Centre SPVs.

Quick revision: NICDP: 20 nodes, Rs 16,172.95 crore (PIB, 4 August 2026).

Press Information Bureau original source

Government Schemes

Cabinet approves GOBARdhan National Circular Bioenergy Scheme, Rs 23,731 crore

6 August 2026 | Press Information Bureau

PIB said the Union Cabinet approved GOBARdhan, the National Circular Bioenergy Scheme, with a total outlay of Rs 23,731 crore. It aims to increase domestic Compressed Biogas (CBG) production nearly ten-fold by converting agricultural residue, cattle dung, press mud and municipal organic waste into clean fuel and organic manure.

A PIB explainer says India meets nearly 50 per cent of its natural gas requirement through imports, and that GOBARdhan was originally launched under the Swachh Bharat Mission (Grameen) in 2018. The CBG ecosystem, earlier spread across four ministries, has been consolidated under the Ministry of Petroleum and Natural Gas.

Key facts

Outlay: Rs 23,731 crore
Aim: nearly ten-fold growth in domestic CBG production
Original launch: 2018, under SBM (Grameen)
Over 200 CBG plants already commissioned

Exam takeaway: GOBARdhan stands for Galvanizing Organic Bio-Agro Resources Dhan.

Quick revision: GOBARdhan: Rs 23,731 crore for compressed biogas (PIB, 6 August 2026).

Press Information Bureau original source

Government Schemes

Cabinet approves 4-lane Guwahati-Tezpur corridor of NH-15 at Rs 8,970.20 crore

6 August 2026 (reported 7 August) | Press Information Bureau

The Cabinet Committee on Economic Affairs approved development of a 135.871 km, 4-lane access-controlled Guwahati-Tezpur Corridor of NH-15 in Assam, on Build-Operate-Transfer (BOT) Toll mode, at a total capital cost of Rs 8,970.20 crore under NH(O).

The project includes a 4.9 km Emergency Landing Facility (ELF) in the Tezpur Bypass, finalised in coordination with the IAF, and five major bypasses totalling 58.7 km.

Key facts

Length: 135.871 km, 4-lane, access-controlled
Mode: BOT (Toll)
Cost: Rs 8,970.20 crore
Includes a 4.9 km Emergency Landing Facility

Exam takeaway: NH-15 corridor questions ask about mode (BOT) and the IAF landing facility.

Quick revision: Guwahati-Tezpur NH-15 corridor: Rs 8,970.20 crore (PIB, 6 August 2026).

Press Information Bureau original source

Government Schemes

PMAY-U 2.0: 8th CSMC meeting sanctions 2.09 lakh more houses

9 August 2026 (meeting held 6 August) | Press Information Bureau

PIB said PMAY-Urban and PMAY-U 2.0 together have sanctioned over 1.25 crore houses, of which more than 1 crore have been completed and delivered. The 8th Central Sanctioning and Monitoring Committee (CSMC) meeting under PMAY-U 2.0 was held on 6 August 2026 at Sankalp Bhawan, New Delhi.

It was chaired by Satendra Singh, Secretary, Department of Urban Development, Ministry of Housing and Urban Affairs, and approved 2.09 lakh additional houses.

Key facts

Houses sanctioned under PMAY-U and PMAY-U 2.0: over 1.25 crore
Completed and delivered: over 1 crore
8th CSMC meeting held: 6 August 2026
New houses sanctioned: 2.09 lakh

Exam takeaway: The CSMC sanctions housing proposals sent by States and UTs.

Quick revision: PMAY-U 2.0 CSMC sanctions 2.09 lakh houses (PIB, 9 August 2026).

Press Information Bureau original source

Government 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

Government Schemes

Parliament passes National Co-operative Development Corporation (Amendment) Bill, 2026

12 August 2026 | Akashvani News (All India Radio)

Akashvani reported that Parliament passed the NCDC (Amendment) Bill, 2026 with Rajya Sabha approval on 12 August 2026; the Lok Sabha had already passed it. Minister of State for Cooperation Murlidhar Mohol moved the bill.

It amends the National Co-operative Development Corporation Act, 1962, allowing the Corporation to undertake activities in industrial goods, state governments to extend NCDC funding to any entity engaged in co-operative development, and the Corporation to give loans and grants directly to any co-operative society or entity.

Key facts

Bill: NCDC (Amendment) Bill, 2026
Amends: NCDC Act, 1962
Moved by: MoS Cooperation Murlidhar Mohol
Rajya Sabha approval: 12 August 2026

Exam takeaway: NCDC is the statutory body financing the co-operative sector.

Quick revision: NCDC (Amendment) Bill, 2026 passed by Parliament (Akashvani, 12 August 2026).

Akashvani News (All India Radio) original source

Government Schemes

Rare Earth Permanent Magnet scheme: 20 bids received, Rs 7,280 crore outlay

13 August 2026 | Press Information Bureau

PIB said the Ministry of Heavy Industries received 20 bids through a global tender for the Scheme to Promote Manufacturing of Sintered Rare Earth Permanent Magnet (REPM), which has a financial outlay of Rs 7,280 crore. Technical bids were opened on 13 August 2026; the last date for bids was 12 August 2026.

The scheme, notified on 15 December 2025, aims to set up 6,000 MTPA of integrated REPM capacity among five beneficiaries, each allotted up to 1,200 MTPA. Its duration is 7 years from award: a 2-year gestation period and 5 years of incentive disbursement.

Key facts

Outlay: Rs 7,280 crore
Bids received: 20
Capacity: 6,000 MTPA, five beneficiaries, up to 1,200 MTPA each
Duration: 7 years (2-year gestation plus 5-year incentive)

Exam takeaway: REPMs are used in EVs, wind turbines, electronics and defence systems.

Quick revision: REPM scheme draws 20 bids (PIB, 13 August 2026).

Press Information Bureau original source

Government Schemes

80th Independence Day address: AI skilling for one crore youth, free online coaching, sports talent hunt

15 August 2026 | Press Information Bureau / PM India

Addressing the nation from the Red Fort on the 80th Independence Day, Prime Minister Narendra Modi announced that one crore youth would be trained in AI skills over the next one year, and free online coaching for various competitive examinations, built on Digital Public Infrastructure, available talent and teachers.

He also announced a nationwide talent hunt among children aged 5 to 15 years in villages, cities and schools, with specialised training for those identified, and a Civil Defence network to be created to meet modern challenges. These are announcements, not yet implemented schemes.

Key facts

Occasion: 80th Independence Day, 15 August 2026
AI skilling target: one crore youth in one year
Sports talent hunt: children aged 5 to 15 years
Free online coaching network for competitive examinations

Exam takeaway: Announcements from the Red Fort address are common exam material.

Quick revision: PM's 80th Independence Day announcements (PIB, 15 August 2026).

Press Information Bureau / PM India original source

Government Schemes

Independence Day address: 100 GW nuclear capacity target by 2047 and 6 crore Lakhpati Didis

15 August 2026 | Press Information Bureau

PIB's summary of the Prime Minister's address listed a target of 100 GW of nuclear power capacity by 2047, with five new nuclear reactors planned within this decade.

It also listed a new target of 6 crore Lakhpati Didis and more semiconductor plants to strengthen self-reliance. These are targets announced in the speech.

Key facts

Nuclear target: 100 GW by 2047
New reactors: five within this decade
Women's target: 6 crore Lakhpati Didis
Also announced: more semiconductor plants

Exam takeaway: Lakhpati Didi refers to women self-help group members earning at least Rs 1 lakh a year.

Quick revision: Nuclear and Lakhpati Didi targets in the Red Fort address (PIB, 15 August 2026).

Press Information Bureau original source

Government Schemes

DRI busts areca nut import racket: over Rs 2,500 crore potential revenue loss, nine arrested

16 August 2026 | Press Information Bureau

PIB said the Directorate of Revenue Intelligence (DRI), in a month-long intelligence-led operation, dismantled a network importing South-East Asian areca nuts by falsely declaring Bangladesh as the country of origin to avail concessional duty under the South Asian Free Trade Area (SAFTA). The probe revealed a potential revenue loss of over Rs 2,500 crore and nine persons were arrested.

Areca nut imports attract Basic Customs Duty of 100 per cent, but eligible imports under SAFTA are fully exempt. The licence of the Customs Broker firm that cleared most of the fraudulent imports was suspended.

Key facts

Agency: Directorate of Revenue Intelligence (DRI)
Potential revenue loss: over Rs 2,500 crore
Arrests: nine
Basic Customs Duty on areca nut: 100%

Exam takeaway: SAFTA exemptions depend on meeting Rules of Origin criteria.

Quick revision: DRI areca nut SAFTA fraud (PIB, 16 August 2026).

Press Information Bureau original source

Government 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 source

Government Schemes

Cabinet-approved Incentive Scheme for Promotion of Domestic PNG Connections, effective 1 September 2026

18 August 2026 | Press Information Bureau

PIB said the Government approved an Incentive Scheme for Promotion of Domestic PNG Connections, effective 1 September 2026, to fast-track the expansion of active piped natural gas connections in households.

There are currently 1.74 crore domestic PNG connections. The scheme incentivises City Gas Distribution (CGD) companies to convert unbilled connections into working connections and expand the PNG network to new areas.

Key facts

Scheme: Incentive Scheme for Promotion of Domestic PNG Connections
Effective from: 1 September 2026
Current domestic PNG connections: 1.74 crore
Incentivises: City Gas Distribution companies

Exam takeaway: PNG means Piped Natural Gas.

Quick revision: Domestic PNG incentive scheme (PIB, 18 August 2026).

Press Information Bureau original source

Government Schemes

SEMICON India 2026 to be held at Yashobhoomi, New Delhi on 17 to 19 September

18 August 2026 (announcement) | Press Information Bureau

PIB announced that the fifth edition of SEMICON India will be held at Yashobhoomi (India International Convention and Expo Centre), New Delhi, from 17 to 19 September 2026, to be inaugurated by the Prime Minister on 17 September. The event has not yet taken place.

PIB said 12 projects have been approved under Semicon 1.0 and that the Union Cabinet has approved the next phase, Semicon 2.0, under the India Semiconductor Mission.

Key facts

Edition: fifth SEMICON India
Dates (scheduled): 17 to 19 September 2026
Venue: Yashobhoomi, New Delhi
Projects approved under Semicon 1.0: 12

Exam takeaway: This is a scheduled event, not a completed one.

Quick revision: SEMICON India 2026 scheduled for 17 to 19 September (PIB, 18 August 2026).

Press Information Bureau original source

Government Schemes

Cabinet approves four railway multitracking projects worth Rs 9,450 crore

19 August 2026 | Press Information Bureau

The Cabinet Committee on Economic Affairs approved four Railways projects with a total cost of about Rs 9,450 crore, to be completed by 2030-31: Kharagpur-Bhadrak (Ranital) 4th line (173 km), Bhadrak-Haridaspur 4th line (75 km), Gummidipundi-Gudur 3rd and 4th line (90 km) and Cuttack-Paradeep (Badabandha) 3rd and 4th line (72 km).

The projects cover eight districts in West Bengal, Odisha, Tamil Nadu and Andhra Pradesh, add about 410 km to the network, and are expected to carry additional freight of 76 MTPA. They are planned on the PM-Gati Shakti National Master Plan.

Key facts

Total cost: about Rs 9,450 crore
Completion: up to 2030-31
Network added: about 410 km
Additional freight: 76 MTPA

Exam takeaway: Gati Shakti planning is a recurring theme in infrastructure approvals.

Quick revision: Four railway multitracking projects, Rs 9,450 crore (PIB, 19 August 2026).

Press Information Bureau original source

Government Schemes

Cabinet approves 4-laning of Muzaffarpur-Sitamarhi-Sonbarsa section of NH-22 on HAM at Rs 3,590.73 crore

19 August 2026 | Press Information Bureau

The CCEA approved upgradation of the 82.578 km Muzaffarpur-Sitamarhi-Sonbarsa section of NH-22 in Bihar to four lanes on Hybrid Annuity Mode (HAM) at a total capital cost of Rs 3,590.73 crore.

PIB said the corridor is a key feeder connecting the India-Nepal border at Sonbarsa with Muzaffarpur on NH-27 (East-West Corridor).

Key facts

Length: 82.578 km
Mode: Hybrid Annuity Mode (HAM)
Cost: Rs 3,590.73 crore
Connects: Sonbarsa (India-Nepal border) with Muzaffarpur

Exam takeaway: Compare with the BOT toll mode used for the Guwahati-Tezpur corridor.

Quick revision: NH-22 Bihar upgrade on HAM (PIB, 19 August 2026).

Press Information Bureau original source

Government Schemes

Piyush Goyal in Singapore: 4th India-Singapore Ministerial and Business Roundtables

20 August 2026 | Press Information Bureau

PIB said Commerce and Industry Minister Piyush Goyal called on Singapore Prime Minister Lawrence Wong at the Istana on 20 August 2026 and took part in the 4th India-Singapore Ministerial Roundtable (ISMR) and the 4th India-Singapore Business Roundtable (ISBR). An MoU signing ceremony followed.

In the afternoon he held Government-to-Business (G2B) meetings with leaders including the Global Finance & Technology Network (GFTN).

Key facts

Visit date: 20 August 2026
Met: Singapore PM Lawrence Wong
Events: 4th ISMR and 4th ISBR
Venue of roundtables: Hotel Shangri-La

Exam takeaway: ISMR stands for India-Singapore Ministerial Roundtable.

Quick revision: Goyal at India-Singapore roundtables (PIB, 20 August 2026).

Press Information Bureau original source

Government Schemes

MeitY notifies Mobile Phone Manufacturing Scheme (MPMS) with Rs 62,500 crore outlay

21 August 2026 | Press Information Bureau

PIB said the Ministry of Electronics and IT (MeitY) notified the Mobile Phone Manufacturing Scheme (MPMS) with a budgetary outlay of Rs 62,500 crore. It aims to raise global competitiveness through scale and higher Domestic Value Addition (DVA), and to support Indian mobile phone brands.

The release said the scheme is expected to generate around 60,000 direct jobs and cumulative production of approximately Rs 39 lakh crore. Minister Ashwini Vaishnaw said India is poised to see its first strong indigenous mobile brand by mid-2027.

Key facts

Scheme: Mobile Phone Manufacturing Scheme (MPMS)
Outlay: Rs 62,500 crore
Expected direct jobs: around 60,000
Aim: higher Domestic Value Addition and Indian brands

Exam takeaway: MPMS follows the ECMS for components in the electronics series.

Quick revision: MPMS notified with Rs 62,500 crore outlay (PIB, 21 August 2026).

Press Information Bureau original source

Government Schemes

Revised FDI framework: 29 investments of Rs 4,895.65 crore reported up to 20 August 2026

21 August 2026 (carried forward) | Press Information Bureau

PIB said 29 FDI investments involving proposed FDI of Rs 4,895.65 crore were reported up to 20 August 2026 under the revised framework for non-controlling beneficial ownership from Land Bordering Countries (LBC), across IT, AI, manufacturing, pharmaceuticals, data centres and transport services.

The framework removes prior Government approval where non-controlling LBC ownership is up to 10 per cent, via Press Note 2 of 2026 and an amendment to the FEMA (Non-debt Instruments) Rules, 2019, notified on 1 May 2026.

Key facts

Investments reported: 29
Proposed FDI: Rs 4,895.65 crore
LBC non-controlling ownership limit for automatic route: up to 10%
Press Note: Press Note 2 of 2026 (notified 1 May 2026)

Exam takeaway: The beneficial ownership test now applies at the level of the investor entity.

Quick revision: Revised FDI framework figures (PIB, 21 August 2026).

Press Information Bureau original source

Government Schemes

PM-AASHA: Rs 7,200 crore allocation for 2026-27 explained

21 August 2026 (carried forward) | Press Information Bureau

PIB's note says the Pradhan Mantri Annadata Aay Sanrakshan Abhiyan (PM-AASHA), launched in September 2018, is the Government's flagship price-support framework, with a Rs 7,200 crore Budget allocation for 2026-27. Procurement of pulses, oilseeds and copra is done by Central and State Governments through agencies such as NAFED and NCCF.

Digital reforms include Aadhaar-enabled authentication, e-NAM, e-Samriddhi and e-Samyukti.

Key facts

Launched: September 2018
2026-27 allocation: Rs 7,200 crore
Procurement agencies: NAFED and NCCF
Crops: pulses, oilseeds and copra

Exam takeaway: PM-AASHA brings several price support mechanisms under one framework.

Quick revision: PM-AASHA: Rs 7,200 crore for 2026-27 (PIB, 21 August 2026).

Press Information Bureau original source

Government Schemes

Raksha Mantri performs Bhumi Pujan for five GRSE and YIL expansion projects worth about Rs 3,500 crore

23 August 2026 | Press Information Bureau

PIB said Defence Minister Rajnath Singh, with West Bengal Chief Minister Suvendu Adhikari, presided virtually from GRSE Bhavan, Kolkata, over the Bhumi Pujan for three expansion projects of Garden Reach Shipbuilders & Engineers Limited (GRSE) and two of Yantra India Limited (YIL), with a total investment of approximately Rs 3,500 crore.

The projects aim to bolster shipbuilding, ship repair, metallurgical and production capabilities. Mr Singh said an emerging 'Capacity Paradox' is an opportunity for India to become a global shipbuilding hub.

Key facts

Projects: three of GRSE and two of YIL
Total investment: approximately Rs 3,500 crore
Ceremony: Bhumi Pujan on 23 August 2026
Theme: shipbuilding and Aatmanirbhar Bharat

Exam takeaway: GRSE is a defence shipbuilder based in Kolkata.

Quick revision: GRSE and YIL expansion Bhumi Pujan (PIB, 23 August 2026).

Press Information Bureau original source

Government Schemes

Piyush Goyal to visit Japan from 24 to 27 August 2026 with largest-ever business delegation

23 August 2026 (announcement) | Press Information Bureau

PIB announced that Commerce and Industry Minister Piyush Goyal will visit Japan from 24 to 27 August 2026, travelling to Tokyo, Nagoya and Osaka, leading India's largest-ever business delegation to Japan of more than 200 business representatives. The visit had not yet taken place on 23 August.

In Tokyo he is scheduled to hold meetings with Japanese conglomerates and a round-table with Keidanren (Japan Business Federation), the apex body representing over 1,500 leading Japanese companies.

Key facts

Visit dates (scheduled): 24 to 27 August 2026
Cities: Tokyo, Nagoya, Osaka
Delegation: more than 200 business representatives
Round-table with: Keidanren

Exam takeaway: India and Japan share a Special Strategic and Global Partnership.

Quick revision: Goyal's Japan visit announced (PIB, 23 August 2026).

Press Information Bureau original source

Government Schemes

Raksha Mantri approves transfer of technology of DRDO conventional missile systems to Indian industry

25 August 2026 | Press Information Bureau

PIB said Defence Minister Rajnath Singh approved the transfer of DRDO-developed technologies of all conventional missile systems to the Indian defence industry for production within the country, subject to applicable qualifications, certifications and regulatory requirements.

The objective is to enhance domestic manufacturing, create opportunities for MSMEs and other technology partners, reduce import dependence and increase domestic value addition.

Key facts

Approved by: Raksha Mantri Rajnath Singh
Technology: DRDO-developed conventional missile systems
Aim: indigenous production by Indian industry
Benefits: lower import dependence, MSME participation

Exam takeaway: DRDO is the Defence Research and Development Organisation.

Quick revision: DRDO missile technology transfer approved (PIB, 25 August 2026).

Press Information Bureau original source

Government Schemes

India-Japan Startup Roundtable in Tokyo: India has nearly 250,000 startups

26 August 2026 | Press Information Bureau

PIB said Commerce and Industry Minister Piyush Goyal told the India-Japan Startup Roundtable in Tokyo that India is the world's third-largest startup ecosystem, with nearly 250,000 startups established over the last decade. About 40 leading Japanese companies took part.

Discussions focused on technology partnerships, investment and cooperation in startups, deep technology, innovation and MSMEs.

Key facts

Event: India-Japan Startup Roundtable, Tokyo
India's rank in startup ecosystems: third-largest
Startups in a decade: nearly 250,000
Japanese companies present: around 40

Exam takeaway: Dates in the visit: 24 to 27 August 2026.

Quick revision: India-Japan Startup Roundtable (PIB, 26 August 2026).

Press Information Bureau original source

Government Schemes

India and Japan agree to accelerate review of CEPA

25 August 2026 (carried forward) | Press Information Bureau

PIB's headline said Piyush Goyal held a bilateral meeting with Japan's Minister of Economy, Trade and Industry and both ministers agreed to accelerate the review of the India-Japan CEPA. In Tokyo he also chaired a roundtable on Semiconductors and Artificial Intelligence on 25 August 2026.

He said domestic semiconductor demand is projected to reach USD 150 billion by 2032, and referred to the economic security partnership envisaged by Prime Minister Narendra Modi and Prime Minister Sanae Takaichi.

Key facts

Agreement: accelerate review of CEPA
Roundtable on 25 Aug: Semiconductors and AI
Projected domestic semiconductor demand: USD 150 billion by 2032
Japan's Prime Minister (per PIB): Sanae Takaichi

Exam takeaway: CEPA means Comprehensive Economic Partnership Agreement.

Quick revision: India-Japan CEPA review (PIB, 25 August 2026).

Press Information Bureau original source

Government Schemes

7th India-Morocco Joint Commission: both sides agree to double bilateral trade in five years

26 August 2026 (visit 24 to 25 August) | Press Information Bureau

PIB said Minister of State Jitin Prasada concluded an official visit to Morocco on 24 to 25 August 2026, co-chairing the 7th Session of the India-Morocco Joint Commission with Omar Hejira, Secretary of State for Foreign Trade.

India and Morocco agreed to double bilateral trade in five years, a Joint Working Group will explore a Preferential Trade Agreement, the 70th anniversary of diplomatic relations falls in 2027, and the 8th Joint Commission will be held in New Delhi.

Key facts

Meeting: 7th India-Morocco Joint Commission
Trade goal: double bilateral trade in five years
Next step: Joint Working Group on a Preferential Trade Agreement
Anniversary: 70 years of ties in 2027

Exam takeaway: The 8th Joint Commission is to be held in New Delhi.

Quick revision: India-Morocco Joint Commission (PIB, 26 August 2026).

Press Information Bureau original source

Government Schemes

Goyal concludes Japan visit; pushes for JPY 10 trillion Japanese private investment over next decade

27 August 2026 | Press Information Bureau

PIB said Commerce and Industry Minister Piyush Goyal concluded his official visit to Japan, covering Tokyo, Nagoya and Osaka, after talks with leaders of more than 30 major Japanese companies and financial institutions. He highlighted India's six-pillar semiconductor strategy.

He pushed for JPY 10 trillion of Japanese private investment in India over the next decade.

Key facts

Visit: Tokyo, Nagoya and Osaka
Companies met: more than 30
Investment ask: JPY 10 trillion over a decade
Theme: six-pillar semiconductor strategy

Exam takeaway: This follows the visit announced on 23 August 2026.

Quick revision: Goyal concludes Japan visit (PIB, 27 August 2026).

Press Information Bureau original source

Government Schemes

PARIVARTAN Scheme: 1,300-plus beneficiaries registered, Rs 9,585 crore outlay

28 August 2026 | Press Information Bureau

PIB said the Union Cabinet approved the PARIVARTAN Scheme on 3 June 2026 to replace over 2 lakh trucks and buses meeting BS-IV or older emission norms registered in Delhi and the NCR districts of Haryana, Rajasthan and Uttar Pradesh with BS-VI or stricter, or electric, vehicles. As of 28 August, more than 1,300 beneficiaries had registered, with 42 banks and NBFCs and 15 auto OEMs onboarded.

The scheme has a total outlay of Rs 9,585 crore, including Rs 5,041 crore of Central budgetary support, funded through the NCR Planning Board and implemented by the Ministry of Road Transport and Highways. Incentives include 5 per cent interest savings on eligible vehicle loans for 5 years and a road tax waiver.

Key facts

Approved by Cabinet: 3 June 2026
Total outlay: Rs 9,585 crore
Central budgetary support: Rs 5,041 crore
Target: replace over 2 lakh BS-IV or older trucks and buses

Exam takeaway: PARIVARTAN expands to Programme for Accelerated Renewal and Incentivization of Vehicle Assets for Reducing Transport Air Pollution and Network Emissions.

Quick revision: PARIVARTAN scheme progress (PIB, 28 August 2026).

Press Information Bureau original source

Government Schemes

PRIP Scheme second call for applications, Rs 5,000 crore outlay for pharma and medtech R&D

28 August 2026 | Press Information Bureau

PIB said the Department of Pharmaceuticals announced the second call for applications under the Promotion of Research and Innovation in Pharma & MedTech (PRIP) Scheme, with a financial outlay of Rs 5,000 crore.

The early-stage track covers startup and MSME projects moving from Technology Readiness Level (TRL) 1, 2 or 3 to higher TRLs, not beyond TRL 5, with financial assistance of up to Rs 5 crore per project.

Key facts

Scheme: PRIP (Pharma and MedTech)
Outlay: Rs 5,000 crore
Early-stage assistance: up to Rs 5 crore per project
TRL limit for early stage: not beyond TRL 5

Exam takeaway: The Department of Pharmaceuticals sits under the Ministry of Chemicals and Fertilizers.

Quick revision: PRIP scheme second call (PIB, 28 August 2026).

Press Information Bureau original source

Government Schemes

PIB clarifies revised CBG price of Rs 2,110 per MMBtu under GOBARdhan

29 August 2026 | Press Information Bureau

PIB's Petroleum Ministry note said that under the GOBARdhan Scheme the CBG price has been fixed at Rs 2,110 per MMBtu, against about Rs 1,478 per MMBtu under the existing system linked to 85 per cent of the retail selling price of CNG, an increase of approximately 43 per cent.

It said this is the procurement price paid to CBG producers, not the price paid by CNG or household PNG consumers, and the Government will provide affordability support of Rs 10 per kg of CBG. The note rebuts a newspaper article.

Key facts

New CBG price: Rs 2,110 per MMBtu
Earlier: about Rs 1,478 per MMBtu (85% of CNG retail price)
Increase: approximately 43%
Government support: Rs 10 per kg of CBG

Exam takeaway: This follows the GOBARdhan Cabinet approval of 6 August 2026.

Quick revision: CBG pricing under GOBARdhan (PIB, 29 August 2026).

Press Information Bureau original source

August 2026 Compilation · Monthly Current Affairs

Contents

RBI swap facility: USD 40,816 million mobilised till 31 July 2026

RBI MPC (62nd meeting, 3 to 5 August 2026): policy repo rate and stance

RBI to resume on-tap licensing of Urban Co-operative Banks

RBI issues final Amendment Directions on recovery of loans and recovery agents

RBI invites comments on draft Credit Valuation Adjustment (CVA) Framework

RBI excludes advances against FCNR(B) and NRE term deposits from ANBC for priority sector targets

Government announces sale of four dated securities worth Rs 32,000 crore, auction on 14 August

Government approves one billion polymer banknotes each of Rs 10 and Rs 20 for field trials

RBI issues draft Interest Rates on Loans and Advances Directions, 2026 for public comments

RBI imposes Rs 1.80 lakh penalty on Valuefin India Credit Services Private Limited

RBI: FCNR(B) swap facility open only for deposits mobilised till 31 August 2026; inflows at US$ 56,846 million

RBI imposes Rs 59.20 lakh penalty on IndusInd Bank Limited

RBI Deputy Governor S.C. Murmu on collaborative cash ecosystems at Bank Indonesia forum

RBI publishes minutes of the 62nd Monetary Policy Committee meeting of 3 to 5 August 2026

RBI Forex Swap facility inflows reach US$ 72,848 million till 21 August 2026

PIB: RBI swap facility mobilised US$ 73 billion in under eleven weeks

Government announces re-issue of 6.94% GS 2036 for Rs 34,000 crore, auction on 28 August

Government appoints three more non-official Directors to RBI Central Board

RBI Bulletin August 2026: State of the Economy article released

RBI imposes Section 35A directions on The Citizens Co-operative Bank Ltd., Jammu; withdrawal cap Rs 1,25,000

Government announces Rs 30,000 crore buyback of four securities, auction on 3 September 2026

Lending and Deposit Rates of Scheduled Commercial Banks, August 2026: WALR 8.97 per cent

Centre releases advance tax devolution instalment of Rs 1,09,019 crore to States

Government announces sale of two dated securities worth Rs 32,000 crore

G-Sec buyback auction result of 6 August 2026: Rs 5,711.695 crore accepted

India's forex reserves at US$ 692.866 billion as on 31 July 2026

India crosses 300 GW non-fossil fuel power capacity as on 31 July 2026

SGB premature redemption price of Rs 14,957 per unit for 11 August 2026

3-day VRRR auction of 11 August 2026: Rs 42,560 crore accepted at 5.24 per cent

Government announces Rs 30,000 crore conversion/switch of securities, auction on 17 August

RBI announces 3-day VRRR auction of Rs 1,50,000 crore for 14 August 2026

G-Sec auction result of 14 August 2026: all four securities fully accepted, Rs 32,000 crore

PM highlights 12 years of change: mobile phone production up 35 times, digital transactions up about 100 times

7-day VRRR auction of 17 August 2026: Rs 98,945 crore accepted at 5.24 per cent

Overnight VRRR auction of 20 August 2026: Rs 1,00,032 crore accepted with partial acceptance at cut-off

India's forex reserves at US$ 716.907 billion as on 14 August 2026

RBI announces auction of Treasury Bills worth Rs 24,000 crore on 27 August 2026

India and ADB sign US$ 230 million loan for Chennai water and sanitation

Goyal in Tokyo: India to amend rules within two months for semiconductor and auto component makers

7-day VRRR of 24 August 2026: Rs 91,980 crore outstanding at 5.24 per cent

Overnight VRRR auction of 27 August 2026: Rs 1,42,622 crore accepted at 5.24 per cent

3-day VRRR auction of 28 August 2026: Rs 1,52,537 crore accepted at 5.24 per cent

India's forex reserves at US$ 729.328 billion as on 21 August 2026

RBI announces overnight VRRR auction of Rs 4,00,000 crore for 31 August 2026

Alka Nangia Arora takes charge as Controller General of Defence Accounts

Varsha Ashok Aglawe becomes first woman Director General of the Geological Survey of India

RBI appoints Monisha Chakraborty as Executive Director

Vice Admiral Manish Chadha assumes charge as Director General Naval Operations

Manoj Kumar Dwivedi takes charge as NDMC Chairperson

Air India appoints Tewolde Gebremariam as CEO and Managing Director

Centre extends ED Director Rahul Navin's tenure till 13 August 2027

Dr Srinivasa Kumar Tummala assumes charge as Secretary, Ministry of Earth Sciences

Partition Horrors Remembrance Day observed on 14 August 2026

Anurag Jain takes charge as CEO of NITI Aayog

S. Somanath appointed, Anand Mahindra re-appointed as non-official Directors on RBI Central Board

NEET-PG 2026 held on 30 August 2026 for 2.73 lakh scheduled candidates

Amit Shah approves advance release of Rs 2,117.85 crore SDRF for flood-hit States

Prime Minister marks seven years since the abrogation of Articles 370 and 35(A)

India's solar capacity reaches 162.15 GW till 30 June 2026

Samudra Manthan aims to add over 600 MMTOE of hydrocarbon reserves

Six coal blocks auctioned in the 15th round and 2nd attempt of the 13th round

Shipbuilding Financial Assistance Scheme Rs 24,736 crore; Maritime Development Fund Rs 25,000 crore

20 industrial nodes approved under NICDP; Rs 16,172.95 crore sanctioned

Cabinet approves GOBARdhan National Circular Bioenergy Scheme, Rs 23,731 crore

Cabinet approves 4-lane Guwahati-Tezpur corridor of NH-15 at Rs 8,970.20 crore

PMAY-U 2.0: 8th CSMC meeting sanctions 2.09 lakh more houses

Proposed Container Manufacturing Assistance Scheme (CMAS) with Rs 10,000 crore outlay

Parliament passes National Co-operative Development Corporation (Amendment) Bill, 2026

Rare Earth Permanent Magnet scheme: 20 bids received, Rs 7,280 crore outlay

80th Independence Day address: AI skilling for one crore youth, free online coaching, sports talent hunt

Independence Day address: 100 GW nuclear capacity target by 2047 and 6 crore Lakhpati Didis

DRI busts areca nut import racket: over Rs 2,500 crore potential revenue loss, nine arrested

MeitY approves 31 more proposals under ECMS; 106 projects approved in total

Cabinet-approved Incentive Scheme for Promotion of Domestic PNG Connections, effective 1 September 2026

SEMICON India 2026 to be held at Yashobhoomi, New Delhi on 17 to 19 September

Cabinet approves four railway multitracking projects worth Rs 9,450 crore

Cabinet approves 4-laning of Muzaffarpur-Sitamarhi-Sonbarsa section of NH-22 on HAM at Rs 3,590.73 crore

Piyush Goyal in Singapore: 4th India-Singapore Ministerial and Business Roundtables