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1 September 2026 · exam-relevant news
Latest digest · 1 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 Jal Shakti Ministry is hosting a two-day Department Summit in New Delhi starting today, marking the first in a series of Departmental Summits envisioned by Prime Minister Narendra Modi. The summit aims to strengthen…
Read full storyIndia's GDP grew 7.8% in Q1 FY25, surpassing RBI's 7% projection. The White House praised India as a dynamic, strong, and resilient economy, with Senior Deputy Press Secretary Kush Desai confirming the Trump administrat…
Read full storyRBI's net short forward positions surged to a record $137 billion in July 2024, primarily driven by long-term forex swaps exceeding one year ($91 billion). This reflects aggressive intervention across spot, NDF, and for…
Read full storyIn August, India's GST collections surged 14.8% to ₹2 lakh crore, bulk car sales jumped 36%, UPI transactions hit a record high, and power consumption rose 12.9%. These indicators reflect robust domestic consumption, im…
Read full storyIndia and the US committed to deepening bilateral ties, focusing on critical minerals supply chains during high-level talks. US Treasury Secretary Scott Bessent acknowledged India's role in G7 discussions, while Finance…
Read full storyThe Centre has set a paddy procurement target of 708.64 lakh tonnes for Kharif Marketing Season 2026-27, which is lower than actual procurement in the previous three seasons. The government will implement improved rice…
Read full storyIndia's manufacturing PMI dropped to a 5-year low of 56.2 in August 2024, signaling weakening demand with the first job contraction in over two years. Despite robust input procurement for the 62nd consecutive month, fin…
Read full storyIndia's current account deficit widened to $4.2 billion in Q1 FY27 (April-June 2026), driven by a rising merchandise trade deficit despite growth in net services receipts from computer and transport exports. FDI saw net…
Read full storyUnion Minister H.D. Kumaraswamy highlighted the construction equipment sector's ₹45,000 crore import bill and announced a new government scheme to boost domestic manufacturing of critical components. The initiative aims…
Read full storyUnion Agriculture Minister Shivraj Singh Chouhan approved the release of Rs 1,183.11 crore as the second tranche to five states under two agricultural schemes. The funds aim to boost farmers' income and lower cultivatio…
Read full storyIndia's Commerce Department held discussions with industry stakeholders to address market access challenges in the US ahead of Commerce Minister Piyush Goyal's visit for G20 meetings and trade talks. Exporters highlight…
Read full storyRBI released sectoral deployment of bank credit data for July 2026 showing non-food credit grew 19.1% YoY (vs 9.9% in July 2025). Agriculture credit grew 17.0% (7.3% earlier), industry 20.0% (6.5%), services 22.9% (10.2…
Read full storyThe RBI released the Quarterly Basic Statistical Return (BSR)-1 on Credit by Scheduled Commercial Banks for June 2026, showing bank credit growth accelerated to 16.5% year-on-year from 9.9% a year ago. Private corporate…
Read full storyRBI's money market operations on August 28, 2026, show a 3-day Variable Rate Reverse Repo (VRRR) auction of ₹1,52,537 crore at 5.24% cut-off rate, MSF at 5.50% for 1-day tenor (₹358 crore), and SDF at 5.00% absorbing ₹2…
Read full storyRBI released data on lending and deposit rates of Scheduled Commercial Banks (excluding RRBs and SFBs) for August 2026. Weighted Average Lending Rate (WALR) on outstanding rupee loans rose slightly to 8.97% in July 2026…
Read full storyThe RBI released the 2025-26 Survey of Foreign Liabilities and Assets of Mutual Funds covering 53 Indian MFs and their AMCs. Foreign liabilities of MFs rose 3.3% y-o-y to US$31.5 billion (₹2.98 lakh crore) as of end-Mar…
Read full storyRBI released provisional data on India's international trade in services for July 2026, showing services exports at $38,253 million (13.4% YoY growth) and imports at $20,606 million (19.1% YoY growth). The trade surplus…
Read full storyThe Reserve Bank of India (RBI) announced a 7-day Variable Rate Reverse Repo (VRRR) auction under the Liquidity Adjustment Facility (LAF) on September 1, 2026, with a notified amount of ₹6,00,000 crore. The auction wind…
Read full storyRBI released the Quarterly Basic Statistical Return (BSR)-2 on Deposits with Scheduled Commercial Banks for June 2026 quarter on its Database on Indian Economy portal. SCB deposits grew 11.5% year-on-year, with private…
Read full storyIndia's GDP grew 7.8% in Q1 FY2024 (April-June), surpassing expectations with broad-based growth across agriculture, manufacturing, and services. Strong consumption and investment defied global energy shocks, signaling…
Read full storyChief Economic Adviser V Anantha Nageswaran stated India's economy maintains strong near-term momentum driven by domestic demand and exports. RBI's deposit mobilisation provides balance of payments support and rupee sta…
Read full storyThe Government of India announced the auction of two dated securities totaling ₹32,000 crore on September 4, 2026, with settlement on September 7, 2026. The auction includes a new 2031 security (₹21,000 crore) and a re-…
Read full storyIndia's services exports surged 13.4% year-on-year to USD 38.25 billion in July 2024, while imports rose 19.1% to USD 20.61 billion, yielding a services trade surplus of USD 17.65 billion. For April-July 2024, cumulativ…
Read full storyThe Finance Ministry's Monthly Economic Report for August 2026 highlights a structural shift in India's food inflation, with protein-rich items, processed foods, and edible oils now driving price pressures. Persistent E…
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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: 1 September 2026. Hindi appears where a translation is ready.
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