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2 September 2026 · exam-relevant news
Latest digest · 2 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.
The 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 storyThe Reserve Bank of India appointed Shri Suman Ray as Executive Director effective September 1, 2026. He previously served as Regional Director for Maharashtra and has over three decades of experience in Currency Manage…
Read full storyThe RBI conducted a yield/price-based auction of State Government Securities (SGS) for 15 states, raising ₹26,590.03 crore against a notified amount of ₹27,000 crore. Key highlights include full subscription for most st…
Read full storyRBI released its Citizen's Charter performance report for August 2026, showing 18,099 applications received and 17,568 processed with 99.9% within timeline. Total pending applications reduced from 3,258 to 3,011. Curren…
Read full storyPrime Minister Modi, President Putin, and President Xi met informally at the SCO summit in Bishkek, Kyrgyzstan, signaling renewed diplomatic engagement. India and China agreed on new border management measures and hotli…
Read full storyIndia's Q1 FY25 GDP grew at 7.8%, surpassing market estimates, driven by robust domestic demand and government reforms. Economists highlight that sustaining this momentum requires higher private investment, productivity…
Read full storyGST collections for August 2025 reached ₹1,99,853 crore, reflecting a 14.8% year-on-year growth from ₹1,74,116 crore in August 2024. Domestic GST revenue rose 9.3% to ₹1,37,249 crore, indicating strong internal consumpt…
Read full storyThe Central Government has revised Special Additional Excise Duty on exports of petrol, diesel, and ATF as part of its fortnightly review. The export levy on petrol has been raised to Rs 1.5 per litre, while diesel duty…
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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: 2 September 2026. Hindi appears where a translation is ready.
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