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5 August 2026 · verified exam-relevant news
Weekly roundup · 5 August 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.
The Supreme Court directed RBI to prepare a Standard Operating Procedure (SOP) for handling mule accounts and bank accounts linked to cyber fraud. The court also issued directions to states, UTs, law enforcement agencie…
Read full storyIndian-flagged tanker MSV Faize Noore Oliya sank in the Red Sea off Yemen's coast after a Houthi militant attack while transporting oil from Saudi Arabia. All 14 crew members, including 13 Indian nationals, were safely…
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Supreme Court Justice Joymalya Bagchi observed that having a legislative majority does not justify lawmakers defecting from their party, emphasizing that democratic maturity lies in adherence to party ideology. The rema…
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North Korea's Kim Yo Jong warned of new military options in response to Japan's acquisition of strike capabilities, accusing Tokyo of moving beyond a defensive posture to enable pre-emptive attacks and overseas operatio…
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India's services sector growth hit a 53-month low in July 2024 as per S&P Global PMI data, with the Services PMI falling to 52.5 from 60.5 in June. New business orders weakened across domestic and export markets, while…
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The government has introduced a Bill in Parliament to enable notification of transaction types that may attract charges on the UPI platform, which has so far remained free for merchants and customers. This legislative m…
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The Reserve Bank of India (RBI) is set to introduce a principle-based framework to standardize interest rate rules across all regulated entities, aiming to enhance transparency and uniformity in lending practices. Gover…
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NITI Aayog has recommended a national caregiving framework to address India's rapidly ageing population, proposing regulation of caregiving standards, financial incentives for caregivers, and care leave for employees wi…
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The government has mandated that foreign-invested e-commerce firms must register as exporter-on-record for inventory-based exports. These entities can only procure and stock goods against confirmed export orders, with s…
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The Appointments Committee of the Cabinet, headed by Prime Minister Narendra Modi, approved a one-year extension for T.V. Somanathan as Cabinet Secretary beyond August 30, 2026. This marks a rare extension for the top b…
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The Karnataka High Court ruled that ED's search and seizure operations under PMLA are not independent civil actions but are intrinsically linked to criminal proceedings. The court emphasized that property attachment is…
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The Supreme Court initiated suo motu proceedings regarding non-functional CCTV cameras in police stations, linked to rising custodial deaths. The Centre informed the court that the police modernisation scheme, which inc…
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Parliamentary Affairs Minister Kiren Rijiju met Leader of Opposition Rahul Gandhi to resolve the ongoing Parliament logjam. The government clarified there is no proposal for a Special Session to pass the Women's Reserva…
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SEBI proposed allowing publicly-listed REITs and InvITs to raise foreign capital through depository receipts (DRs), enabling trading in foreign currency on international exchanges. Privately-listed InvITs are excluded f…
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Indian equity markets witnessed profit-booking after Monday's rally as investors await the RBI's monetary policy decision on Wednesday. BSE, Bharti Airtel, and Nykaa reported strong Q1FY25 earnings with significant prof…
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NABARD cancelled its ₹8,000 crore bond issuance after investors demanded higher yields, reflecting heightened risk aversion in the primary debt market. The withdrawal signals tightening liquidity conditions and cautious…
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Iran and Oman are reportedly collaborating on a plan to reopen the strategically vital Strait of Hormuz, a critical chokepoint for global oil transit. The Trump administration had previously rejected any arrangement gra…
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Iran and Oman have agreed on coordinates for a maritime route through the Strait of Hormuz, with Iran's Foreign Ministry spokesperson Esmaeil Baghaei confirming a joint announcement is being finalized. The agreement aim…
Read full storyUS President Donald Trump warned Iran of a 'last chance' to reach a diplomatic agreement with Washington, revealing that a planned major military strike was paused after Iran and several Gulf countries urged diplomacy.…
Read full storyRBI's Money Market Operations on August 3, 2026, show total overnight segment volume of ₹6,56,420.66 crore at a weighted average rate of 4.96%. Triparty Repo dominated with ₹4,62,245.85 crore volume. In LAF operations,…
Read full storyICAR has initiated Agricultural Action Plans for seven states/UTs including Assam, Goa, Maharashtra, Uttarakhand, Tamil Nadu, Andhra Pradesh, and Andaman & Nicobar Islands. These roadmaps are prepared collaboratively by…
Read full storyThe Reserve Bank of India conducted the auction of State Government Securities (SGS) on August 4, 2026, for 12 state loans across 8 states with a total notified amount of ₹9,300 crore. The auction saw strong investor de…
Read full storyUnder the National Ayush Mission (NAM), 12,500 Ayush Dispensaries and Sub Health Centres have been upgraded to Ayushman Arogya Mandir (Ayush) across 36 States/UTs, with all approved units now functional. The scheme aims…
Read full storyThe Ministry of Ayush, through NCISM and NCH established under 2020 Acts, has implemented major regulatory and curriculum reforms in Ayurveda, Unani, Siddha, and Homoeopathy education over the last three years. Key meas…
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Exam-relevant stories with MCQ-ready key points from approved sources. Verified edition: 5 August 2026.
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