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15 August 2026 · exam-relevant news
Latest digest · 15 August 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.
India's Balance of Payments (BoP) slipped into a deficit of $8.1 billion in Q1 FY27 (April–June 2026), driven primarily by capital account outflows. The Current Account Deficit (CAD) widened to $3.1 billion, mainly due…
Read full storyIndia's engineering services exports surged nearly eightfold to USD 13.77 billion in 2024-25 from 2014-15 levels, according to a NITI Aayog report. The sector shows strong export growth while imports remain stable, high…
Read full storyNITI Aayog projects India's chemicals sector exports to reach USD 81 billion by 2030, driven by speciality chemicals, agrochemicals, and pigments. This ambitious target aims to reduce import dependence while significant…
Read full storySBI Research reaffirms India's position as one of the world's fastest-growing economies, highlighting strong credit and deposit growth, robust foreign currency inflows, improved monsoon outlook, and rising high-income t…
Read full storySince the 1991 economic liberalisation reforms, India's benchmark Sensex has surged approximately 8,500%, delivering a compounded annual growth rate of around 14% over less than 35 years. This remarkable long-term wealt…
Read full storyThe government launched the Foreign Assets Disclosure Scheme 2026, a one-time voluntary window opening August 16 and closing December 31, 2026. Taxpayers can declare undisclosed foreign assets or income up to ₹1 crore,…
Read full storyIndia's Balance of Payments for June 2026 shows a current account deficit of $6.2 billion, widening from a $1.2 billion surplus in June 2025. The merchandise trade deficit expanded to $30.2 billion from $19.2 billion, d…
Read full storyRBI introduced a special USD-INR Forex Swap facility on June 8, 2026, covering FCNR(B) deposits, ECBs, and OFCBs to boost forex inflows. As of August 13, 2026, total inflows reached $56,846 million, with FCNR(B) deposit…
Read full storyThe Reserve Bank of India announced the auction of Government of India Treasury Bills totaling ₹24,000 crore across three tenures: 91-Day (₹9,000 crore), 182-Day (₹8,000 crore), and 364-Day (₹7,000 crore). The auction i…
Read full storyRBI imposed a ₹2.70 lakh penalty on Fusion Finance Limited on August 14, 2026, for non-compliance with KYC Directions, specifically failure to conduct periodic risk categorisation review at least once every six months.…
Read full storyRBI imposed a ₹3.10 lakh penalty on Muthoot MCred Limited (formerly Muthoottu Mini Financiers) on August 14, 2026, under Section 58G(1)(b) read with 58B(5)(aa) of RBI Act, 1934, for upgrading NPAs to 'Standard' without…
Read full storyThe Reserve Bank of India imposed a monetary penalty of ₹6.20 lakh on Northern Arc Capital Limited on August 14, 2026, for non-compliance with RBI directions on 'Disclosures in Financial Statements - Notes to Accounts'…
Read full storyThe Reserve Bank of India announced the auction of State Government Securities (SGS) worth ₹20,200 crore on August 18, 2026, via the E-Kuber platform. Twelve states including Uttar Pradesh, West Bengal, Kerala, and Madh…
Read full storyRBI imposed a ₹59.20 lakh penalty on IndusInd Bank on August 14, 2026, under Section 47A(1)(c) read with Section 46(4)(i) of the Banking Regulation Act, 1949, for non-compliance with directions on 'Interest Rate on Depo…
Read full storyThe RBI announced the premature redemption price for Sovereign Gold Bond (SGB) 2021-22 Series V, due on August 17, 2026, at ₹15,295 per unit. This redemption is permitted after the fifth year from the issue date (August…
Read full storyRBI announced a 7-day Variable Rate Reverse Repo (VRRR) auction of ₹2,00,000 crore on August 17, 2026, under LAF to manage surplus liquidity. The auction window operates from 09:30 AM to 10:00 AM with reversal on August…
Read full storyOn August 13, 2026, RBI conducted liquidity management operations under LAF, absorbing net liquidity of ₹2,25,708 crore. Key operations included a 1-day Variable Rate Reverse Repo (VRRR) of ₹80,170 crore at 5.24%, MSF b…
Read full storyIndia's foreign exchange reserves surged by $14.1 billion to reach $707 billion, the highest level in the current fiscal year. The increase was driven by a $9.9 billion rise in foreign currency assets and a $3.9 billion…
Read full storyThe government is actively considering a single-window clearance system for the space sector to streamline approvals across multiple departments. This inter-ministerial platform aims to reduce regulatory bottlenecks and…
Read full storyCrisil projects India's GDP growth to slow to 6.6% in FY25, down from 8.2% in FY24. Despite this, foreign portfolio investor inflows surged in July 2024, improving financial conditions. Systemic liquidity surplus widene…
Read full storyIndia's wholesale inflation eased to 9.8% in July due to declining energy prices, while retail inflation rose to 4.5% with food inflation hitting a 19-month high. The divergence between WPI and CPI trends highlights sup…
Read full storyThe New Development Bank (NDB) announced a $7.5 billion investment plan for India, focusing on local currency financing through a rupee bond program. This initiative aims to strengthen India's domestic capital markets a…
Read full storyFinance Minister Nirmala Sitharaman highlighted the PM Internship Scheme's role in bridging India's skill gap by aligning youth capabilities with industry needs. The scheme, under the Ministry of Corporate Affairs, was…
Read full storyThe article analyzes India's economic transformation through statistical indicators, highlighting rising per capita income, services sector dominance, and growing global trade integration. It underscores persistent chal…
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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: 15 August 2026. Hindi appears where a translation is ready.
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The 15 August 2026 digest is free to read here. Monthly editions (English and Hindi) are listed only after both files pass source review.