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1 July 2026 · verified exam-relevant news
Latest digest · 1 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.
In June 2026, India's Goods and Services Tax (GST) collections rose by 13.9% to reach Rs 1.95 lakh crore, marking a significant year-on-year increase. This surge was driven by a remarkable 34.6% increase in import reven…
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India's bond market has undergone a significant transformation over the past decade, evolving from an opaque and institutional-centric system to a more transparent and accessible framework. This change is attributed to…
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Kotak Mahindra Bank has announced a significant acquisition of Deutsche Bank India's retail banking, private banking, and wealth management business for Rs 282 crore. This move is aimed at enhancing Kotak's affluent ban…
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In May 2023, the Reserve Bank of India's net short forward position in the currency market reached a record $106.6 billion, reflecting extensive interventions to protect the rupee amid global uncertainties. This surge i…
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The Securities and Exchange Board of India (Sebi) is initiating reforms to standardize consent rules for Alternative Investment Funds (AIFs). This includes implementing a uniform approval threshold of 75% for significan…
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In June, India's Goods and Services Tax (GST) revenue rose by 13.9% to ₹1.95 lakh crore, primarily fueled by a remarkable 34.6% increase in import tax collections. While domestic GST saw a modest rise of 6.5%, the surge…
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On July 1, 2026, public sector oil-marketing companies in India reduced the prices of commercial LPG cylinders by ₹183.5 and 5 kg free trade LPG cylinders by ₹13. This price drop follows a four-month-long conflict in We…
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General Motors has entered into a long-term agreement with Micron Technology to secure a consistent supply of memory and storage chips essential for vehicles. This collaboration is a strategic response to the growing de…
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The validity of gold import quota licenses under the India-UAE free trade agreement has been extended until September 30, 2026, for the fiscal year 2025-26. This extension is significant as it aims to boost gold imports…
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India has launched anti-dumping investigations into five products imported from China and other countries, including moulded soda-lime glass vials and electric tractors. This move is significant as it aims to protect do…
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Nithin Kamath, CEO of Zerodha, emphasized the company's growth strategy that prioritizes customer interests over aggressive marketing tactics. By focusing on transparency, word-of-mouth referrals, and a bootstrapped bus…
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Zee Entertainment has secured government approval for a Rs 418 crore foreign direct investment from an Invesco-managed fund, marking the fund's re-entry into ZEEL's shareholder base. This investment is crucial as the co…
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BSE Index Services has introduced the BSE REITs and Commercial Real Estate Index, which is the first benchmark in India dedicated to tracking listed Real Estate Investment Trusts (REITs) and companies heavily involved i…
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India's corn exports are projected to reach a three-year high, primarily due to record production levels and competitive pricing strategies. The reduction in domestic corn prices, alongside increased freight costs faced…
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In June 2023, India's manufacturing sector recorded its second-slowest growth in four years, attributed to a decline in demand for goods, which affected output and hiring. The Purchasing Managers' Index (PMI) indicated…
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Samsung and SK Hynix, two leading South Korean semiconductor companies, are making significant investments in memory chip production, driven by the rising demand for AI technologies. This expansion is supported by the S…
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The BlackRock Investment Institute has revised its investment strategy, expressing increased caution towards emerging market equities and hard-currency debt. This shift is attributed to changing global growth expectatio…
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The U.S. Federal Reserve's liquidity operations are aimed at stabilizing quarter-end funding markets, ensuring that short-term borrowing conditions remain favorable. This is significant as it reflects the Fed's ongoing…
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Shiv Gupta of Sanctum Wealth advocates for NRIs to invest 45% in equities and 10-12% in gold, despite recent flat returns and rupee depreciation. He underscores India's strong long-term growth potential, driven by finan…
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Kotak Mahindra Bank has regained its leadership position in India's equity capital markets (ECM), reflecting its strong deal execution capabilities. This resurgence comes at a time when several large public offerings an…
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Oil prices have increased due to Iran's refusal to engage with U.S. envoys, which has intensified geopolitical tensions and undermined hopes for a ceasefire. This situation is significant as it affects global oil supply…
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Kotak Mahindra Bank is acquiring Deutsche Bank's retail, private banking, and wealth management operations in India for ₹29,000 crore in loans and ₹16,000 crore in deposits. This acquisition will add approximately 150,0…
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The U.S. dollar has reached a 40-year high against the yen, driven by rising U.S. Treasury yields and expectations of an imminent Federal Reserve rate hike. This significant shift in currency dynamics is crucial as it r…
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JSW Group, led by Sajjan Jindal, is collaborating with KKR to invest $400 million in a joint venture with MG Motors, aiming to capitalize on the growing electric vehicle (EV) market in India. This investment is signific…
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Exam-relevant stories with MCQ-ready key points from approved sources. Verified edition: 1 July 2026.
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