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3 September 2026 · exam-relevant news
Latest digest · 3 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.
Indian banks proposed forex sell/buy swaps to the RBI to absorb record surplus rupee liquidity driven by foreign currency deposits. This mechanism allows banks to sell dollars to RBI and repurchase later, draining rupee…
Read full storyThe World Meteorological Organization (WMO) confirmed that El Niño has rapidly strengthened and is firmly established, with near certainty of continuing until February 2027. It is expected to peak by end of 2024, though…
Read full storyIndia and Belgium signed five agreements to double bilateral trade within five years, expanding cooperation in defense, critical minerals, semiconductors, renewable energy, and combating transnational crime. A new mecha…
Read full storyThe Parliamentary Standing Committee on Finance has criticized the government's 'punitive' tax enforcement approach and demanded data on the impact of the new Income Tax Act. Members raised concerns over heavy-handed co…
Read full storyIndia's banking system liquidity surplus surged to Rs 7.76 lakh crore, the highest in over 4.5 years, driven by record foreign exchange inflows. This excess liquidity has significantly eased short-term interest rates. T…
Read full storyThe Kerala High Court ruled that consent is irrelevant in cases under the Protection of Children from Sexual Offences (POCSO) Act, 2012, while dismissing a plea by an accused challenging his conviction. The court clarif…
Read full storyRBI launched a special USD-INR Forex Swap facility on June 8, 2026, to attract foreign currency inflows through FCNR(B) deposits, ECBs, and OFCBs. The scheme closed for FCNR(B) on August 31, 2026, but remains open for E…
Read full storyThe United States launched fresh airstrikes targeting Islamic Revolutionary Guard Corps (IRGC) facilities across multiple locations in Iran, including Bandar Abbas, Hormuz, Asaluyeh, Jiroft, Qeshm Island, Konarak, Chaba…
Read full storyUN Secretary-General Antonio Guterres will attend the 18th BRICS Summit in New Delhi on September 12-13, 2025, hosted by India as the current chair at Bharat Mandapam. The summit will convene leaders from BRICS member s…
Read full storyJapan Credit Rating Agency (JCR) upgraded India's Long-Term Foreign Currency and Local Currency Issuer Ratings from 'BBB+' to 'A-' with Stable Outlook, and raised the country ceiling to 'A'. The Finance Ministry stated…
Read full storyThe 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 storyLok Sabha Speaker Om Birla held bilateral parliamentary dialogue with Seychelles' first woman Speaker Azarel Yolanda Ernesta on September 2, 2026, marking 50 years of diplomatic relations and Seychelles' independence. B…
Read full storyLok Sabha Speaker Om Birla welcomed a Myanmar parliamentary delegation led by Dr. Pwint San, reaffirming India's support for peace, stability and national reconciliation in Myanmar. He highlighted Myanmar's importance i…
Read full storyPrime Minister Narendra Modi chaired the valedictory session of the first National Departmental Summit on Water, organized by the Ministry of Jal Shakti. The two-day summit brought together state ministers and officials…
Read full storyCivil Aviation Minister Ram Mohan Naidu chaired the first meeting of the High-Level Committee on Aircraft Leasing and Financing to develop a competitive leasing ecosystem. The committee discussed taxation, regulatory fr…
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 storyThe 18th Meeting of Heads of IP Offices of BRICS countries concluded in New Delhi on September 3, 2026, hosted by India's Office of Controller General of Patents, Designs and Trade Marks under DPIIT. The three-day meeti…
Read full storyVice President C.P. Radhakrishnan addressed the 3rd Convocation of AIIMS Raipur on September 2, 2026, highlighting its transformation from a region affected by Left-Wing Extremism to a hub of advanced healthcare. He pra…
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 storyThe Supreme Court invoked Article 142 to quash FIRs against Gen Z NEET-UG protesters and directed the Centre to formulate a compensation scheme for those injured in police action. This landmark ruling protects students'…
Read full storyIndia will host the 18th BRICS Summit on September 12-13, 2025, at Bharat Mandapam in New Delhi as the current chair. UN Secretary-General Antonio Guterres will participate alongside leaders from BRICS member and partne…
Read full storyThe United States launched military strikes against Iran, prompting Tehran to retaliate with attacks on US bases and issue warnings of 'devastating blows'. Iran reported damage to an airport and stated it would adhere t…
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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: 3 September 2026. Hindi appears where a translation is ready.
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The 3 September 2026 digest is free to read here. Monthly editions (English and Hindi) are listed only after both files pass source review.