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14 August 2026 · exam-relevant news
Latest digest · 14 August 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.
RBI imposed a ₹2.70 lakh penalty on Fusion Finance Limited on August 14, 2026, for non-compliance with KYC Directions, specifically failure to conduct periodic risk categorisation review at least once every six months.…
Read full storyThe Reserve Bank of India imposed a monetary penalty of ₹6.20 lakh on Northern Arc Capital Limited on August 14, 2026, for non-compliance with RBI directions on 'Disclosures in Financial Statements - Notes to Accounts'…
Read full storyThe Reserve Bank of India announced the auction of State Government Securities (SGS) worth ₹20,200 crore on August 18, 2026, via the E-Kuber platform. Twelve states including Uttar Pradesh, West Bengal, Kerala, and Madh…
Read full storyRBI imposed a ₹59.20 lakh penalty on IndusInd Bank on August 14, 2026, under Section 47A(1)(c) read with Section 46(4)(i) of the Banking Regulation Act, 1949, for non-compliance with directions on 'Interest Rate on Depo…
Read full storyThe RBI announced the premature redemption price for Sovereign Gold Bond (SGB) 2021-22 Series V, due on August 17, 2026, at ₹15,295 per unit. This redemption is permitted after the fifth year from the issue date (August…
Read full storyRBI announced a 7-day Variable Rate Reverse Repo (VRRR) auction of ₹2,00,000 crore on August 17, 2026, under LAF to manage surplus liquidity. The auction window operates from 09:30 AM to 10:00 AM with reversal on August…
Read full storyOn August 13, 2026, RBI conducted liquidity management operations under LAF, absorbing net liquidity of ₹2,25,708 crore. Key operations included a 1-day Variable Rate Reverse Repo (VRRR) of ₹80,170 crore at 5.24%, MSF b…
Read full storyIndia's foreign exchange reserves surged by $14.1 billion to reach $707 billion, the highest level in the current fiscal year. The increase was driven by a $9.9 billion rise in foreign currency assets and a $3.9 billion…
Read full storyThe government is actively considering a single-window clearance system for the space sector to streamline approvals across multiple departments. This inter-ministerial platform aims to reduce regulatory bottlenecks and…
Read full storyCrisil projects India's GDP growth to slow to 6.6% in FY25, down from 8.2% in FY24. Despite this, foreign portfolio investor inflows surged in July 2024, improving financial conditions. Systemic liquidity surplus widene…
Read full storyIndia's wholesale inflation eased to 9.8% in July due to declining energy prices, while retail inflation rose to 4.5% with food inflation hitting a 19-month high. The divergence between WPI and CPI trends highlights sup…
Read full storyThe New Development Bank (NDB) announced a $7.5 billion investment plan for India, focusing on local currency financing through a rupee bond program. This initiative aims to strengthen India's domestic capital markets a…
Read full storyFinance Minister Nirmala Sitharaman highlighted the PM Internship Scheme's role in bridging India's skill gap by aligning youth capabilities with industry needs. The scheme, under the Ministry of Corporate Affairs, was…
Read full storyThe article analyzes India's economic transformation through statistical indicators, highlighting rising per capita income, services sector dominance, and growing global trade integration. It underscores persistent chal…
Read full storyMSCI announced quarterly index rebalancing effective August 31, adding Lenskart Solutions, Adani Energy Solutions, Groww, and one more stock to the MSCI India Standard Index while removing Astral, Balkrishna Industries,…
Read full storyOil prices rose on Friday after the U.S. threatened an indefinite naval blockade against Iran, escalating supply fears in the Strait of Hormuz. Two ships were attacked in the strait the previous evening, heightening geo…
Read full storyIndia's merchandise exports surged to a record $44.2 billion in July 2024, propelled by strong engineering and electronics shipments. Despite a widening trade deficit due to higher imports, exports to West Asia recovere…
Read full storyThe Comptroller and Auditor General (CAG) flagged 1,902 tax assessment lapses with a tax effect of Rs 25,085 crore, primarily involving incorrect tax rates and faulty income computations. Most lapses occurred in the 201…
Read full storyIndia's fertilizer subsidy model faces strain as global supply disruptions and the Russia-Ukraine war have doubled urea procurement costs. The government is piloting a new nutrient-based distribution system to curb exce…
Read full storyThe Comptroller and Auditor General (CAG) reported that government debt servicing remains sustainable with loan accumulation growing slower than GDP expansion. However, significant irregularities worth ₹603 crore were i…
Read full storyOn August 12, 2026, RBI conducted liquidity absorption operations with net liquidity absorption of ₹2,14,886 crore. Key operations included a 1-day Variable Rate Reverse Repo (VRRR) of ₹53,845 crore at 5.24%, MSF of ₹59…
Read full storyThe Reserve Bank of India (RBI) announced a 3-day Variable Rate Reverse Repo (VRRR) auction of ₹1.5 lakh crore on August 14, 2026, under the Liquidity Adjustment Facility (LAF). The auction window is from 09:30 AM to 10…
Read full storyThe Reserve Bank of India imposed a monetary penalty of ₹1.80 lakh on Valuefin India Credit Services Private Limited on August 11, 2026, for failing to obtain prior written permission for a change in shareholding exceed…
Read full storyNITI Aayog Vice Chairperson Ashok Kumar Lahiri released a report identifying 12 priority sectors to position India as a global manufacturing hub. The report emphasizes sectors with strong potential for global competitiv…
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Exam-relevant stories with MCQ-ready key points, summarised by AI from PIB, RBI, All India Radio and national newspapers. Edition: 14 August 2026. Hindi appears where a translation is ready.
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The 14 August 2026 digest is free to read here. Monthly editions (English and Hindi) are listed only after both files pass source review.