Daily learning desk
Daily, weekly and monthly updates for government exam preparation.Stay updated. Stay ahead.
3 September 2026 · exam-relevant news
Latest digest · 3 September 2026
AI summaries of PIB, RBI, All India Radio and national newspaper reports, organised for UPSC, SSC, Banking, Railway and State-PSC revision. Every story links to its source.
24 current-affairs updates for major exams.
Former Chief Statistician Pronab Sen has advocated for maintaining two GDP series — one with the old base year and another with the new base — for at least five years to ensure data reliability. He emphasized that accur…
Read full storyCongress leader Jairam Ramesh questioned the Centre's substantial downward revision of GDP estimates for all four years since 2022-23, amounting to ₹43 lakh crore. He demanded transparency on the methodology used for th…
Read full storyIndian banks proposed forex sell/buy swaps to the RBI to absorb record surplus rupee liquidity driven by foreign currency deposits. This mechanism allows banks to sell dollars to RBI and repurchase later, draining rupee…
Read full storyIndia and Belgium signed five agreements to double bilateral trade within five years, expanding cooperation in defense, critical minerals, semiconductors, renewable energy, and combating transnational crime. A new mecha…
Read full storyIndia's banking system liquidity surplus surged to Rs 7.76 lakh crore, the highest in over 4.5 years, driven by record foreign exchange inflows. This excess liquidity has significantly eased short-term interest rates. T…
Read full storyRBI launched a special USD-INR Forex Swap facility on June 8, 2026, to attract foreign currency inflows through FCNR(B) deposits, ECBs, and OFCBs. The scheme closed for FCNR(B) on August 31, 2026, but remains open for E…
Read full storyJapan Credit Rating Agency (JCR) upgraded India's Long-Term Foreign Currency and Local Currency Issuer Ratings from 'BBB+' to 'A-' with Stable Outlook, and raised the country ceiling to 'A'. The Finance Ministry stated…
Read full storyThe Reserve Bank of India (RBI) announced an Overnight Variable Rate Reverse Repo (VRRR) auction under the Liquidity Adjustment Facility (LAF) on September 3, 2026, to absorb surplus liquidity. The notified amount is ₹6…
Read full storyUnion Civil Aviation Minister Kinjarapu Rammohan Naidu reviewed NOC process reforms with AAI officials, directing 15-day implementation of automated, transparent, and decentralized NOC issuance. Key proposals include pr…
Read full storyRBI's Money Market Operations on September 1, 2026, show total overnight segment volume at ₹6,60,888.44 crore with weighted average rate of 4.86%. Key RBI operations included a 1-day Variable Rate Reverse Repo of ₹2,59,…
Read full storyRussia and India have operationalized a Rupee-Rouble payment infrastructure that now handles 96% of their bilateral trade, which reached $70 billion in 2024. This mechanism is among Russia's most reliable international…
Read full storyRussia and India have established a robust bilateral payment system using roubles and rupees, covering 96% of trade transactions. Bilateral trade surged to $70 billion in 2024, tripling from 2022 levels. This mechanism…
Read full storyJapan Credit Rating Agency (JCRA) upgraded India's sovereign rating to A- from BBB+ after 35 years, recognizing solid economic growth, effective policies, improved financial system soundness, and reduced non-performing…
Read full storyIndia is actively pursuing strategic partnerships with the UK and EU to secure critical mineral processing capabilities, while also collaborating with the US on resilient supply chains. Pending trade agreements with the…
Read full storyIndia and Canada held Foreign Office Consultations to strengthen strategic ties and reaffirmed commitment to a trade agreement targeting bilateral trade of CAD 70 billion by 2030. Both nations emphasized expanding coope…
Read full storyIndia is strategically expanding critical mineral partnerships with the UK, EU, and US through trade negotiations to secure vital resources for high-tech manufacturing. The government aims to simplify regulations to str…
Read full storyGlobal illicit financial flows surged to $4.4 trillion in 2025, significantly impacting world GDP. Bank frauds are rising at 20% annually, driven by organized crime and drug networks. India's anti-money laundering cases…
Read full storyGlobal bond markets are witnessing a sharp selloff driven by rising inflation fears and escalating government debt levels worldwide. Japan's 10-year government bond yield surged to 3%, its highest level since 1996, sign…
Read full storyIn August 2024, India's GST collections surged 14.8% to ₹2 lakh crore, auto sales jumped 36%, UPI processed a record 24.51 billion transactions, and power consumption rose 12.9%. These high-frequency indicators collecti…
Read full storyRBI released BoP data for Q1 (April-June) 2026 showing foreign exchange reserves decreased by US$ 22.5 billion (including valuation effects) compared to an accretion of US$ 29.8 billion in same period 2025. On BoP basis…
Read full storyIndia's current account deficit widened to US$4.2 billion (0.5% of GDP) in Q1 FY2026-27 from US$3.4 billion (0.4% of GDP) a year earlier, driven by a higher merchandise trade deficit of US$86.1 billion versus US$68.9 bi…
Read full storyRBI's Money Market Operations on August 31, 2026, show total overnight segment volume at ₹6,65,977.81 crore with weighted average rate of 4.98%. Key RBI operations included a 1-day Variable Rate Reverse Repo of ₹2,49,84…
Read full storyThe RBI announced an Overnight Variable Rate Reverse Repo (VRRR) auction under the Liquidity Adjustment Facility (LAF) for September 2, 2026, with a notified amount of ₹5,00,000 crore. The auction window operates from 0…
Read full storyThe Reserve Bank of India conducted the auction of State Government Securities on September 1, 2026, involving 12 securities across 8 states with a total notified amount of ₹11,700 crore. Key highlights include Assam SG…
Read full storyFree daily digest
Exam-relevant stories with MCQ-ready key points, summarised by AI from PIB, RBI, All India Radio and national newspapers. Edition: 3 September 2026. Hindi appears where a translation is ready.
Read the latest digestGK Vault
Buy this exam-revision eBook individually with its own account-library access.
Revision
The 3 September 2026 digest is free to read here. Monthly editions (English and Hindi) are listed only after both files pass source review.