Banking and RBI
RBI overnight VRRR auction of 30 September 2026: result
30 September 2026 | Reserve Bank of India
The RBI's result for the Overnight Variable Rate Reverse Repo (VRRR) auction held on 30 September 2026 showed a notified amount of Rs 2,00,000 crore, with offers of Rs 85,424 crore all accepted.
The cut-off rate and the weighted average rate were both 5.24 per cent.
Key facts- Auction date: 30 September 2026
- Notified amount: Rs 2,00,000 crore
- Accepted: Rs 85,424 crore
- Cut-off rate: 5.24 per cent
Exam takeaway: Offers fell short of the notified amount, so all were accepted.
Quick revision: RBI VRRR result (30 September 2026).
Reserve Bank of India original sourceGovernment Schemes
Cabinet approves Rabi MSP for Marketing Season 2027-28
30 September 2026 | Press Information Bureau
PIB said the Cabinet Committee on Economic Affairs (CCEA), chaired by the Prime Minister, approved the increase in Minimum Support Prices for all mandated Rabi crops for Marketing Season 2027-28 on 30 September 2026.
The highest absolute increase is for Safflower at Rs 675 per quintal, followed by Rapeseed and Mustard at Rs 413. Wheat MSP rises by Rs 25 to Rs 2,610 per quintal, Gram by Rs 83 to Rs 5,958, Lentil by Rs 390 to Rs 7,390 and Barley by Rs 136 to Rs 2,286.
Key facts- Wheat MSP: Rs 2,610 per quintal (up Rs 25)
- Safflower MSP: Rs 7,215 (up Rs 675)
- Gram MSP: Rs 5,958 (up Rs 83)
- Lentil MSP: Rs 7,390 (up Rs 390)
Exam takeaway: MSP is fixed for six Rabi crops: wheat, barley, gram, lentil, rapeseed and mustard, and safflower.
Quick revision: Rabi MSP 2027-28 (PIB, 30 September 2026).
Press Information Bureau original sourceGovernment Schemes
Cabinet approves Green Energy Corridor Phase-III with Battery Energy Storage
30 September 2026 | Press Information Bureau
PIB said the Union Cabinet approved the Green Energy Corridor Phase-III (GEC-III) scheme on 30 September 2026 to strengthen the Intra-State Transmission System and enable evacuation of up to 135 GW of renewable energy, with deployment of 50 GWh of Battery Energy Storage Systems (BESS).
The scheme is targeted to be set up by FY 2032-33 with a total outlay of Rs 1,86,405 crore, comprising Rs 1,36,378 crore for transmission and Rs 50,000 crore for BESS, and total Central Financial Support of Rs 54,082 crore.
Key facts- Outlay: Rs 1,86,405 crore
- Renewable energy evacuation: up to 135 GW
- BESS: 50 GWh
- Central Financial Support: Rs 54,082 crore
Exam takeaway: Greenfield projects use Tariff Based Competitive Bidding; brownfield works use Cost Plus Basis.
Quick revision: GEC-III (PIB, 30 September 2026).
Press Information Bureau original source