Banking and RBI
Underwriting auction notified for Rs 32,000 crore of Government securities on 4 September 2026
3 September 2026 (announcement) | Reserve Bank of India
RBI said the Government of India announced the sale of securities worth Rs 32,000 crore through auction on 4 September 2026: New GS 2031 for Rs 21,000 crore and 7.71% GS 2066 for Rs 11,000 crore. The release sets underwriting commitments for Primary Dealers.
The Minimum Underwriting Commitment per Primary Dealer is Rs 500 crore for New GS 2031 and Rs 262 crore for 7.71% GS 2066, with equal minimum bidding commitments under the Additional Competitive Underwriting (ACU) auction. The auction is scheduled; its result is a separate release.
Key facts- New GS 2031 notified amount: Rs 21,000 crore
- 7.71% GS 2066 notified amount: Rs 11,000 crore
- Total: Rs 32,000 crore
- Auction date (scheduled): 4 September 2026
Exam takeaway: MUC and ACU are the two underwriting layers for Primary Dealers.
Quick revision: Rs 32,000 crore G-Sec auction on 4 September (RBI, 3 September 2026).
Reserve Bank of India original sourceEconomy and Finance
Second overnight VRRR auction of 3 September 2026 accepts Rs 34,652 crore
3 September 2026 | Reserve Bank of India
In the second overnight (1-day) Variable Rate Reverse Repo auction held on 3 September 2026, against a notified amount of Rs 1,50,000 crore, offers of Rs 34,652 crore were received and all accepted at a cut-off rate of 5.24 per cent.
Separately, RBI announced a 3-day VRRR auction for 4 September 2026 with a notified amount of Rs 7,00,000 crore, reversing on 7 September. This is an announcement; the result is a separate release.
Key facts- Notified amount: Rs 1,50,000 crore
- Accepted: Rs 34,652 crore
- Cut-off rate: 5.24%
- 3-day VRRR announced for 4 September: Rs 7,00,000 crore
Exam takeaway: Offers fell well short of the notified amount.
Quick revision: Second overnight VRRR result of 3 September (RBI).
Reserve Bank of India original source Announcement of 4 September 3-day VRRR (RBI)Government Schemes
BIO-NIVESH platform launched to connect biotechnology innovators and investors
3 September 2026 | Press Information Bureau
PIB said Dr Jitendra Singh, Union Minister of State (Independent Charge) for Science & Technology and Earth Sciences, held a joint round table with startups and investors on 3 September 2026 and launched BIO-NIVESH, a strategic platform to strengthen engagement between biotechnology innovators and the investor community.
He said innovation is incomplete without investment and that India must not be a late entrant in the next biotechnology-driven industrial revolution.
Key facts- Platform launched: BIO-NIVESH
- Launched by: Dr Jitendra Singh
- Date: 3 September 2026
- Purpose: link biotechnology innovators with investors
Exam takeaway: Dr Jitendra Singh holds Science and Technology, Earth Sciences, PMO and Atomic Energy and Space portfolios as Minister of State.
Quick revision: BIO-NIVESH launch (PIB, 3 September 2026).
Press Information Bureau original source