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16 July 2026 · verified exam-relevant news
Latest digest · 16 July 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.
On July 20, 2026, RBI issued final Prudential Norms on Specified Non-Financial Assets (SNFA) for all regulated entities after incorporating stakeholder feedback on the May 5, 2026 draft. The norms amend Resolution of St…
Read full storyThe Financial Action Task Force (FATF) released its updated public statements on June 19, 2026, maintaining DPRK, Iran, and Myanmar on the High-Risk Jurisdictions subject to a Call for Action list. Algeria and Namibia w…
Read full storyThe Reserve Bank of India released the Financial Inclusion Index (FI-Index) for March 2026, which stands at 70.0, up from 67.0 in March 2025. The index, first published in August 2021 for FY ending March 2021, measures…
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The Union Cabinet has approved two major schemes to enhance India's semiconductor and mobile phone manufacturing capabilities, with a total financial allocation of ₹1.89 lakh crore. The second phase of the India Semicon…
Read full storyThe Ministry of Power has circulated the Draft Corporate Average Fuel Economy (CAFE) 2027 norms for stakeholder consultation, which will impact M1 category passenger vehicles in India from 2027-28 to 2031-32. These norm…
Read full storyThe RBI conducted an Overnight Variable Rate Repo (VRR) auction on July 16, 2026, with a notified amount of ₹75,000 crore. Banks bid for only ₹18,425 crore, which was fully allotted at a cut-off and weighted average rat…
Read full storyThe Reserve Bank of India (RBI) has announced a significant improvement in the Financial Inclusion Index (FI-Index), which rose from 67.0 in March 2025 to 70.0 in March 2026. This increase indicates that India is making…
Read full storyThe Central Government has revised the Special Additional Excise Duty on exports of petrol, diesel, and Aviation Turbine Fuel (ATF) as part of its fortnightly review. The export duty on diesel has been increased to ₹15.…
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Dallas Fed President Lorie Logan has expressed support for a 'modestly higher' interest rate policy, emphasizing that current rates are insufficient to combat persistent inflation, which remains above target levels. She…
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On Wednesday, the European Union and India held the third meeting of the India-EU Trade and Technology Council (TTC), reaffirming their commitment to enhance strategic cooperation in key areas such as trade, technology,…
Read full storyThe Reserve Bank of India (RBI) is set to conduct a Variable Rate Repo (VRR) auction on July 16, 2026, with a notified amount of ₹75,000 crore. This decision reflects the RBI's ongoing assessment of liquidity conditions…
Read full storyThe Reserve Bank of India (RBI) has issued a draft titled 'Guidance on Regulatory Expectations for Data Governance' to enhance data governance among regulated entities. This initiative is crucial due to the rising signi…
Read full storyThe Reserve Bank of India excluded Indian Mercantile Co-operative Bank Ltd., Lucknow from the Second Schedule to the RBI Act, 1934 via Notification CO.DOR.RAUG.No.S1887/08.08.007/2026-27 dated June 4, 2026, published in…
Read full storyThe RBI cancelled Certificates of Registration (CoR) of 18 NBFCs under Section 45-IA(6) of the RBI Act, 1934, following their voluntary surrender. The cancellations occurred between June 1–24, 2026, categorized into thr…
Read full storyThe Reserve Bank of India cancelled the Certificate of Registration (CoR) of 192 Non-Banking Financial Companies (NBFCs) under Section 45-IA (6) of the RBI Act, 1934, effective from June 1 to June 9, 2026. The list incl…
Read full storyThe recent auction results for 91-day, 182-day, and 364-day Treasury Bills (T-Bills) indicate a total face value of ₹24,000 crore was notified by the Reserve Bank of India. The cut-off prices and implicit yields at cut-…
Read full storyRBI's money market operations on July 14, 2026, show total overnight segment volume of ₹6,51,261.72 crore at weighted average rate of 5.13%. Triparty Repo dominated with ₹4,42,650.85 crore at 5.09%. RBI conducted MSF of…
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The India-UK Comprehensive Economic and Trade Agreement (FTA) has officially come into force, marking a landmark 'gold standard' deal. Nearly 99% of Indian exports will gain zero-duty access to the UK market, while Brit…
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The India-UK Comprehensive Economic and Trade Agreement (FTA) has officially come into force, marking a landmark moment for bilateral trade. The pact will reduce tariffs on numerous goods, benefiting consumers and boost…
Read full storyThe Government of India has announced a conversion/switch of its securities through an auction scheduled for July 20, 2026, with a total face value of ₹30,000 crore. This move allows market participants to exchange matu…
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The Securities and Exchange Board of India (SEBI) has implemented a new recusal framework for its senior officials to manage conflicts of interest effectively. This initiative aims to ensure transparency and integrity w…
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The India-UK free trade agreement, effective today, allows for zero-duty access on 99% of Indian exports, marking a significant milestone in trade relations. This treaty aims to enhance trade between India and the UK, p…
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The India-UK Comprehensive Economic and Trade Agreement (CETA) and the concurrent Agreement on Social Security have come into effect, marking a significant milestone in bilateral relations. This agreement aims to enhanc…
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The Reserve Bank of India (RBI) has revised the governance framework for bank boards, effective from October 1, 2023. This change aims to enhance corporate governance by allowing bank directors to focus more on strategi…
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Exam-relevant stories with MCQ-ready key points from approved sources. Verified edition: 16 July 2026.
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