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8 August 2026 · verified exam-relevant news
Latest digest · 8 August 2026
Curated from PIB, RBI, All India Radio and verified national sources — organised for UPSC, SSC, Banking, Railway and State-PSC revision.
24 verified current-affairs updates for major exams.
Union Home Minister Amit Shah inaugurated NUCFDC's new Mumbai office and launched the 'Sahkar Nav-Kranti' programme, unveiling the Security Operations Centre and 'Bank in a Box' platform for 1,400 Urban Cooperative Bank…
Read full storyAPEDA facilitated the first-ever commercial sea export of 18 MT of GI-tagged Mithila Makhana from BIADA Industrial Area, Bihta, Bihar to Australia. The consignment sourced from Darbhanga farmers fetched 18% higher retur…
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The government confirmed UPI will remain free for consumers, with most merchant transactions also free. Any future Merchant Discount Rate (MDR) will apply only to select high-value merchant transactions above a threshol…
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SEBI has expressed optimism about India's financial markets, citing strong domestic fundamentals such as robust consumer demand and proactive government spending as key growth drivers. However, the regulator cautioned t…
Read full storyRBI's Weekly Statistical Supplement (Jul 31, 2026) shows India's forex reserves at $692.87 billion, rising $10.5 billion weekly. Gold reserves fell $10.65 billion since March 2026 while SDRs rose marginally. Scheduled c…
Read full storyRBI conducted money market operations on August 6, 2026, with a net liquidity absorption of ₹3,72,009 crore. Key operations included a 4-day Variable Rate Reverse Repo (VRRR) of ₹1,30,286 crore at 5.24%, MSF borrowing o…
Read full storyThe RBI announced a 7-day Variable Rate Reverse Repo (VRRR) auction of ₹2 lakh crore on August 10, 2026, under the Liquidity Adjustment Facility (LAF) to manage surplus liquidity. The auction window operates from 9:30 A…
Read full storyRBI announced auction of State Government Securities (SGS) worth ₹15,300 crore on August 11, 2026, involving six states — Andhra Pradesh, Gujarat, Maharashtra, Meghalaya, Punjab, and Rajasthan. The auction includes both…
Read full storyThe Reserve Bank of India imposed a monetary penalty of ₹5.40 lakh on Infinity Fincorp Solutions Private Limited on August 3, 2026, for non-compliance with KYC Directions and Fair Practice Code. The penalty was levied u…
Read full storyRBI released provisional data on sectoral credit deployment by NBFCs and HFCs for June 2026, covering 87% of total credit. Overall NBFC credit grew 14.4% y-o-y, up from 11.1% a year ago. Agriculture credit surged to 17.…
Read full storyThe Reserve Bank of India imposed a monetary penalty of ₹3.90 lakh on Utsav Securities Limited on August 3, 2026, for non-compliance with RBI directions on governance and submission of credit data to Credit Information…
Read full storyThe Reserve Bank of India announced the auction of Government of India Treasury Bills for a total notified amount of ₹24,000 crore, comprising 91-Day (₹9,000 crore), 182-Day (₹8,000 crore), and 364-Day (₹7,000 crore) te…
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The Indian government plans to introduce a regulatory framework for digital gold in the coming year, involving key ministries and the Reserve Bank of India. The Digital Precious Metals Assurance Council of India is cent…
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The Reserve Bank of India has revised regulations for mobile device financing, mandating lenders to restore device functionality within one hour of payment confirmation and capping borrower compensation at the total loa…
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Foreign Portfolio Investors (FPIs) and trading firms are urging SEBI and the Centre to reduce Securities Transaction Tax (STT) to address double capital gains taxation concerns. RBI's strict leverage rules risk driving…
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Major banks including Yes Bank, SBI, and MUFG Bank have revised their RBI rate hike expectations downward following the central bank's dovish stance on inflation. This shift reflects reduced monetary tightening expectat…
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Oil prices surged on Friday as geopolitical tensions escalated around the Strait of Hormuz, with Iran and Oman considering restrictions on hostile vessels. Brent crude rose to $83.48/barrel and WTI to $78.84/barrel amid…
Read full storyRBI issued final Amendment Directions on 'Conduct of Regulated Entities in Recovery of Loans and Engagement of Recovery Agents' effective January 1, 2027, after incorporating stakeholder feedback on the May 20, 2026 dra…
Read full storyThe RBI released the 2026-27 list of 17 NBFCs in the Upper Layer (NBFC-UL) under Scale Based Regulation, based on financials as of March 31, 2026. The framework, governed by the 2025 Directions, categorizes NBFCs into f…
Read full storyThe Parliamentary Standing Committee on Commerce, chaired by Ms. Dola Sen, presented its 200th Report on 'Evaluation of India-US Trade Relations' to Parliament on August 6, 2026. The report analyzes US tariff impacts ac…
Read full storyRBI issued draft directions on August 5, 2026, to replace the 2025 Concentration Risk Management and Credit Facilities guidelines for Rural Co-operative Banks (RCBs). Key proposals include prudential exposure limits for…
Read full storyThe Reserve Bank of India released Reserve Money data for the fortnight ended July 31, 2026, via Press Release 2026-2027/824. Reserve Money, a key monetary aggregate comprising currency in circulation and bank reserves,…
Read full storyThe Reserve Bank of India has released the draft 'Reserve Bank of India (Non-Banking Financial Companies – Credit Facilities) Amendment Directions, 2026' for public consultation. Stakeholders are invited to submit comme…
Read full storyRBI announced the premature redemption price for Sovereign Gold Bond (SGB) 2020-21 Series-XI at ₹14,564 per unit, effective August 7, 2026. This redemption is permitted after the fifth year from the issue date (February…
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Exam-relevant stories with MCQ-ready key points from approved sources. Verified edition: 8 August 2026.
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