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7 August 2026 · verified exam-relevant news
Latest digest · 7 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.
RBI conducted money market operations on August 6, 2026, with a net liquidity absorption of ₹3,72,009 crore. Key operations included a 4-day Variable Rate Reverse Repo (VRRR) of ₹1,30,286 crore at 5.24%, MSF borrowing o…
Read full storyThe RBI announced a 7-day Variable Rate Reverse Repo (VRRR) auction of ₹2 lakh crore on August 10, 2026, under the Liquidity Adjustment Facility (LAF) to manage surplus liquidity. The auction window operates from 9:30 A…
Read full storyRBI announced auction of State Government Securities (SGS) worth ₹15,300 crore on August 11, 2026, involving six states — Andhra Pradesh, Gujarat, Maharashtra, Meghalaya, Punjab, and Rajasthan. The auction includes both…
Read full storyPrime Minister Narendra Modi will attend the 57th Convocation of IIT Delhi on August 8, 2026, as Chief Guest, addressing over 3,000 graduates including 587 Ph.D. scholars. He will present prestigious awards like the Pre…
Read full storyThe Reserve Bank of India imposed a monetary penalty of ₹5.40 lakh on Infinity Fincorp Solutions Private Limited on August 3, 2026, for non-compliance with KYC Directions and Fair Practice Code. The penalty was levied u…
Read full storyRBI released provisional data on sectoral credit deployment by NBFCs and HFCs for June 2026, covering 87% of total credit. Overall NBFC credit grew 14.4% y-o-y, up from 11.1% a year ago. Agriculture credit surged to 17.…
Read full storyThe Reserve Bank of India imposed a monetary penalty of ₹3.90 lakh on Utsav Securities Limited on August 3, 2026, for non-compliance with RBI directions on governance and submission of credit data to Credit Information…
Read full storyThe Reserve Bank of India announced the auction of Government of India Treasury Bills for a total notified amount of ₹24,000 crore, comprising 91-Day (₹9,000 crore), 182-Day (₹8,000 crore), and 364-Day (₹7,000 crore) te…
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India has formally assigned names to 27 places in Arunachal Pradesh, countering China's earlier move of assigning 'fictitious names' to the same territory. This is the fourth such list released by India since 2017, rein…
Read full storyIndia and Bhutan held a high-level bilateral meeting in New Delhi on trans-border river cooperation. The Indian delegation was led by Union Jal Shakti Minister C R Patil, while Bhutan was represented by Energy and Natur…
Read full storyUnion Minister Sarbananda Sonowal inaugurated the 2nd National Port Security Conference 2026 in New Delhi, emphasizing technology-driven maritime security transformation. He stressed that port evaluation must include re…
Read full storyThe 19th India-Singapore Foreign Office Consultations were held in New Delhi, co-chaired by Secretary (East) Rudrendra Tandon and Singapore's Permanent Secretary (Policy). Both sides reviewed bilateral cooperation under…
Read full storyThe Lok Sabha passed a Bill amending the Payment and Settlement Systems Act, 2007, empowering the government to authorize banks and service providers to levy charges on UPI and other notified electronic payment transact…
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On August 7, 2026, Houthi missile attacks killed 58 Saudi-backed Yemeni government forces, escalating conflict in West Asia. The violence heightened fears over the security of the Strait of Hormuz, a critical global oil…
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The Ministry of Home Affairs has issued new guidelines prohibiting solar, wind, and other renewable energy projects within 1 km of India's international borders. The order also bars engineers or staff from China, Bangla…
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The Sashastra Seema Bal (SSB) has announced 50% reservation in constable recruitment for ex-Agniveers, with existing caste-based quotas for SC, ST, and OBC categories applicable. This marks a significant policy shift as…
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The Indian Coast Guard has implemented permanent absorption and retirement benefits for women officers, aligning its gender integration policies with the Indian Army, Navy, and Air Force. This move follows Supreme Court…
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The Supreme Court, led by CJI D.Y. Chandrachud, questioned whether 'digital arrest' — a cybercrime tactic where fraudsters impersonate law enforcement to extort money — requires a standalone legal definition. The bench…
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The Kerala High Court ruled that non-payment of maintenance by a husband constitutes economic abuse, which falls under the definition of domestic violence under the Protection of Women from Domestic Violence Act, 2005.…
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The Indian government plans to introduce a regulatory framework for digital gold in the coming year, involving key ministries and the Reserve Bank of India. The Digital Precious Metals Assurance Council of India is cent…
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The Reserve Bank of India has revised regulations for mobile device financing, mandating lenders to restore device functionality within one hour of payment confirmation and capping borrower compensation at the total loa…
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Foreign Portfolio Investors (FPIs) and trading firms are urging SEBI and the Centre to reduce Securities Transaction Tax (STT) to address double capital gains taxation concerns. RBI's strict leverage rules risk driving…
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Major banks including Yes Bank, SBI, and MUFG Bank have revised their RBI rate hike expectations downward following the central bank's dovish stance on inflation. This shift reflects reduced monetary tightening expectat…
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Oil prices surged on Friday as geopolitical tensions escalated around the Strait of Hormuz, with Iran and Oman considering restrictions on hostile vessels. Brent crude rose to $83.48/barrel and WTI to $78.84/barrel amid…
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Exam-relevant stories with MCQ-ready key points from approved sources. Verified edition: 7 August 2026.
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